Market Research Blog – Page 9286 – New Product Development

Industrial Temperature Controller Industry Is Slated To Reach A Valuation Of US$ 3.03 Bn | FMI

The global industrial temperature controller market accounts for a net worth of US$ 2.08 Bn in 2022, and is projected to reach US$ 3.03 Bn by the end of 2030. Worldwide consumption of industrial temperature controllers is predicted to increase at a CAGR of 4.8% from 2022 to 2030.

The inclusion of communication features to control devices remotely and the reduced size of equipment have been enabling the market to gain momentum. This trend will continue as market players focus on advancements in the communication process of devices to enable connection with a computer. This will in turn give access to data required for product optimization.

In the last couple of years, implementation of industrial temperature control has undergone several stages of evolution starting from indigenous mechanical to microprocessor based systems. With digital implementation of industrial temperature controllers gaining momentum, growth registered by the market is poised to surge in the coming years.

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Key Takeaways from Industrial Temperature Controller Market Report

The industrial temperature controller market is expected to grow at a CAGR of 4.6% between 2020 and 2030
The market is predicted to reach a valuation of US$ 3 Bn by the end of 2030 due to increasing applications in the research and industrial sectors
East Asia is exhibiting growth at an impressive pace as governments across high potential markets increase their investment across various industries
Temperature controller devices are being increasingly used in pharmaceutical and healthcare industry to ensure no irregularities in quality of vaccines during shipment
Intelligent temperature controllers have risen in popularity due to their ability to make accurate predictions and reduce errors

“Stringent regulations regarding temperature control across industrial plants, food and beverage processing, transportation and storage of vaccines have been fuelling the demand for temperature controllers. Manufacturers are now focusing on developing and integrating new features for digital and PID temperature controllers due as end users seek out more advanced features to optimize production,” says an FMI analyst.

COVID-19 Impact Analysis

The COVID-19 pandemic has disrupted various industries including the industrial temperature controller market. The implementation of lockdown as well as transport bans have brought production to a halt due to the lack of raw materials. The market experienced a significant drop in value from US$ 1,929 Mn in 2019, to US$ 1,910 Mn in 2020.

The market is however expected to recover and showcase an upward trajectory 2021 onwards. Growing need for safe vaccine storage and food shipments is expected to increase demand in the market.

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Who Is Winning?

Increasing applications of industrial temperature controllers have been creating growth opportunities for players in the market. They are now focusing on producing advanced technologies to improve reading accuracies as well as ensure a safe working environment. New intelligent controllers are being introduced to boost temperature control rates and promote remote access.

For instance, Omron introduced NX-TC series with Artificial Intelligence (AI) in 2018. It is particularly designed for multi-loop applications and offers easier in-panel installation.

Some of the key players in the industrial temperature controller market are Honeywell, Panasonic, Delta, Durex Industries, Xiamen Yudian, Jumo, Schneider Electric, Yokogawa Electric Corporation, ABB Ltd., Rockwell Autoation, Autonics, Tempatron, Omron Industrial, Fuji Electric Co., Omega Engineering, Analog Devices, Watlow, RKC Instruments and Siemens.

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Key Segments of Industrial Temperature Controller Industry Survey

Industrial Temperature Controller Market by Product Type:

On/Off Control Industrial Temperature Controllers
Proportional Industrial Temperature Controllers
PID Industrial Temperature Controllers

Industrial Temperature Controller Market by Category:

Analog Industrial Temperature Controllers
Digital Industrial Temperature Controllers

Industrial Temperature Controller Market by End Use:

Industrial Temperature Controllers for Metals, Mining & Metallurgy
Industrial Temperature Controllers for Chemicals
Industrial Temperature Controllers for Oil & Gas
Industrial Temperature Controllers for Food & Beverages
Industrial Temperature Controllers for Energy & Power
Industrial Temperature Controllers for General Manufacturing
Industrial Temperature Controllers for Research Laboratories
Others

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Vibration Control Systems Market Potential Growth, Share, Demand and Analysis of Key Players – Forecasts to 2032

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 automotive industry has grown significantly over the past years, the demand for various type of vibration control systems such as automation control, motion control, vibration control, and others has increased substantially. With vibration control system manufacturers bringing in a flurry of products, Future Market Insights (FMI) expects outlook to be bullish during the period 2021-2031

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.

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.

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Key Players:

The global vibration control system is fragmented – some of the key players operating in the global vibration control system market are-

HUTCHINSON
DynaTronic Corporation Ltd.
Cooper Standard
GERB
Technical Manufacturing Corporation
LORD Corporation
Trelleborg AB
Farat Ltd
Bridgestone Corporation
FUKOKU CO., LTD
VICODA GmbH
MUPRO Services GmbH
Kinetics Noise Control, Inc.
Dynamic Solutions Systems, Inc.
Isolation Technology Inc.
ACTOM PTY LTD
Fabreeka
VSL International Ltd.
Resistoflex (P) Ltd.
Guangzhou YiTaoQianChao Vibration Control Technology Co Ltd

Market players are focusing on new product launches and innovation to consolidate their position.

Vibration Control System Market Segmentation by Category

By 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)

By End Users:

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

By Sales Type:

O.E.M
Aftermarket

By Region:

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

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Americas Steel Pipes Market is Expected to Generate Huge Profits by 2030 | FMI

The Americas steel pipes market is likely to reflect steady. However, the industry is likely to face challenges in terms of substitute pipe materials such as plastic and iron, as well as high production and installation costs for steel fixtures. The steel pipes market in the Americas is expected to grow steadily but moderately, with growth in niche end use sectors such as mining and automotive production.

The demand for steel pipes in the Americas has increased through the year 2020, despite the difficulties caused by the coronavirus pandemic. Public and private sector investment is rising in the oil and gas, energy, and construction sectors. According to a recent report by Future Market Insights, the sector will continue to grow between 2020 and 2030.

According to analysts from FMI, the oil and gas industry applications are expected to be the main source of income, particularly with the discovery of unconventional sources and processes like shale and fracking.

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The study by FMI encompasses an overview of the sector, including prominent dynamics of the market. Some of the critical takeaways of the report include:

The Americas steel pipes market was valued at 20.5 billion in 2019, driven largely by the demand from civil infrastructure and the oil & gas sector of the region.
Carbon steel pipe products are major contributors to market revenue, with advantages in easier access and chemical and shock resistance over other steel pipe variants.
Industrial applications, particularly in the oil & gas sectors are generating greater demand than that of construction and mining sectors through 2030.
The United States will remain a major market for steel pipes in the Americas, aided by a vast economy, characterized by steady growth in the past few years. Brazil is likely to reflect relatively positive prospects on the back of changes in government policy.

“The Americas have become a leading region in the production of oil and gas with unconventional resources such as shale gaining the spotlight. With a number of upcoming projects in the United States and Canada demand for steel pipes in the region is expected to surge in the near future,” said a lead analyst at FMI.

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Covid-19 Impact on Americas Steel Pipes Market

The coronavirus pandemic has been projected to be moderately impact the Americas steel pipes market. Lockdown restrictions on the manufacturing sector and the mining industry are anticipated to affect raw material supplies and logistics in the supply chain for the short term. Also, the negative effects of the outbreak on the global economy will hurt imports and exports disrupting supply chains.

End use applications, particularly in the automotive and construction sectors, owing to compulsory social distancing regulations are estimated limit market growth. Also, the drop in demand is likely to result in shut down or limited operations at conventional production facilities, in addition to widespread layoffs.

The problems are likely to be compounded by reduced demand for crude oil, restricting expansion plans in the sector. Recovery is likely to be slow owing to continuing uncertainty over the duration of the pandemic.

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Who is Winning?

In its report, Future Market Insights has given detailed analysis on the many strategies being used by manufacturers in the Americas steel pipes market. Key players are emphasizing on investments towards capacity expansions and strategic acquisitions and divestments in line with changing demand in the region.

Some of the leading players in the industry include Arcelor Mittal, Tenaris, Gerdau S/A, American Cast Iron Pipe Company, Baosteel Group Corporation, Evraz plc, Nippon & Sumitomo Steel, and JFE Holdings Corporation among others.

Table of Content

Executive Summary

1.1. Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

2.3. Overview of Standard Dimensions Used

Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Innovation / Development Trends

Read Full TOC…

Industrial Valves Market 2022 Expectations & Growth Trends Highlighted Until 2029

The global industrial valves market is estimated to be worth around US$ 71.8 Bn in 2022. With rising adoption of industrial valves for regulating the flow of materials, the overall demand is anticipated to rise at a moderate CAGR of 4.3% between 2022 and 2029, totaling a valuation of US$ 96.2 Bn by 2029.

Steel will continue to remain the most preferred material for the production of industrial valves. Majority of end-use industries are inclined towards employing steel industrial valves due to their various advantages including durability and corrosion resistance

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Regionally, Asia Pacific Excluding Japan (APEJ) will continue to dominate the global industrial valves market, accounting for a share of 42.2% in 2022. Rapid industrialization, surging oil & gas activities, and expansion of residential and commercial sectors are some of the factors driving the industrial valves market in APEJ.

Up from the revenues worth US$61 Bn registered in 2018, the global market for industrial valves is projected to witness modest growth by the end of 2019. A new market research report by Future Market Insights (FMI) suggests that the increasing exploration activities for new water sources will predominantly favour the growth of market over coming years.

The steady expansion of chemical industry and revival of oil & gas industry are also likely to play a crucial role in pushing sales of industrial valves at a global level. FMI’s report shows that abundant opportunities exist in chemical, and water & wastewater industries.

With the onset of Industry 4.0 and the reciprocating shift of industries towards automation, the industrial valves landscape is compelled to move beyond its traditional, old-school valve engineering models. Although manually operated valves still account for almost 2/3^rd of total sales, FMI foresees a rapidly progressing market scenario for automated valves in the next few years.

By type, the gate type of industrial valves segment is expected to hold prominent value shares of the global industrial valves market. The globe valve segment is expected to be the prominent segment throughout the forecast period. Gate valves, closely trailed by globe and ball valves, are identified to remain the sought-after industrial valve types throughout the forecast period. Several manufacturers are, however, focusing on investments in globe industrial valves. FMI’s research also highlights visibly growing market attractiveness of butterfly valves across industries.

The analysis of industrial valves market based on materials reveals cast steel, carbon steel, and stainless steel remain the preferred materials among manufacturers of industrial valves, which collectively account for ~85% shares in the revenues. Bronze is likely to emerge lucrative as a material of choice, over the years to come, as shown by report findings.

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Market in APEJ Projected for Remunerative Growth

The market in Asia Pacific excluding Japan (APEJ) is expected to exhibit lucrative growth potential in the global industrial valves market over the forecast period of 2019-2029. According to the report, this growth is propelled by the rapid growth in the oil & gas industry in countries of APEJ such as India and China, and ASEAN Countries, among others. The economic condition of these countries have been positively developing.

Owing to the effects of macroeconomic factors such as growing population, urbanisation, and rapid industrialisation, the confidence of investors and investments in housing and other residential projects across APEJ has increased drastically. The region’s chemical has considerable momentum over the past few years. This overall scenario is translating into modest growth in the demand for valves across the multiple industries, eventually pushing the market growth potential of APEJ.

Industrial Valves Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global industrial valves market such as GE Company, Emerson, Flowserve Corporation, Schlumberger Limited, TechnipFMC Plc, KSB SE & Co. KGaA, x KITZ Corporation, Alfa Laval Corporate AB, Curtiss-Wright Corp., CIRCOR International, Inc., IMI Plc, Mercer Valve Co., Inc., National, Oilwell Varco, Inc., Weir Group Plc., Neway Valves, AVK International A/S, Flowserve Corporation, and LESER GmbH & Co. KG, among others.

The global industrial valves market is significantly consolidated, with some players holding prominent shares of the market. These players are offering industrial valves under their popular brands such as Cameron, and World Valves, among others.

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Industrial Valves Market – Key Research Findings

The global industrial valves market size in 2018 was ~US$61 Bn.
The industrial valves market is expected to grow at a CAGR of ~4.2% during the forecast period of 2022-2029.
Besides adoption of automatic functions of valves, the increasing demand for manual structures has been recently driving the sales of industrial valves.
Collectively, Asia Pacific Excel. Japan and North America are likely to account for ~70% of the revenue shares in the industrial valves industry by the end of 2029.
- North America, attributed to the powerful presence of the oil & gas industry, will continue to be a prominent regional market for industrial valves manufacturers.
The oil & gas industry is estimated to remain the prominent end-use industry for industrial valves market players.
- The oil & gas industry has witnessed significant growth in the recent past, and the revival of the oil & gas sector has been noteworthy.
- Noteworthy application potential of industrial valves has been identified in the water & wastewater treatment.

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North America Variable Frequency Drive Market Outlook by Key Players, Industry Overview, Supply and Consumption Demand Analysis By 2032

North America Variable Frequency Drive Market stands at 4.77 Bn as of now and is expected to be worth US$ 5.06 Bn by the year 2032 at a CAGR of 6% from 2022 to 2032.

North America is known for being more into machines and less into human labor. Variable frequency drives help in smooth sailing with respect to dependence on these machines. They, in fact, help verticals in manufacturing more products with minimal wastage. It has been reported that these drives reduce downtime by increasing machine productivity, machines’ efficiency, and quality of production.

A variable frequency drive (better known as VFD), could be described as a kind of motor controller driving an electric motor by varying voltage and frequency supplied to electric motor. The other terms to refer to VFD include adjustable speed drive, variable speed drive, AC drive, adjustable frequency drive, inverter, and Microdrive. The three different kinds of VFDs are fluid drives, electric drives, and mechanical drives.

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Rising prices of energy have resulted in an inevitability of energy-efficient motor control systems. They prove to be a good alternative to various throttling devices like valves and dampers and fixed speed controllers. Along these lines, Len Busch Roses has Danfoss’ variable frequency drive for regulating airflow in snapdragon greenhouse, that too, with precision. As such, Len Busch has witnessed reduction in energy costs by 22%.

Smart grid technology is being increasingly adopted, which could open doors for varying voltage and phase angle required. This ascertains that electricity gets transferred more efficiently.

Single VFD is getting used to control multiple electric motors, so as to dissipate less energy. Synchronous bypass method makes use of a VFD for starting and synchronizing multiple motors through transfer of load from a source to the other. Rockwell Automation states that asynchronous variable frequency drive system used to control two motors is capable of saving up to 33% of the initial capital spending.

At the same time, the fact that VFDs release pulses that are asynchronously switched can’t be ignored. If there happens to be a long cable between the motor and VFDs, the reflected pulses could result in production of voltage overshooting line voltage, thereby causing tension in cable and motor windings. Insulation thus fails, specifically for the motors that operate at 490 volts (or even higher). Future Market Insights has, through its latest market study entitled ‘North America variable Frequency Drive Market’, etched these findings with future perspectives.

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Key Takeaways from North America Variable Frequency Drive Market

The AC drive dominates North America Variable Frequency Drive market. It, in fact, accounts for more than 70% of the overall market. This could be credited to wider application on their part in heavy and medium industries like power generation, oil and gas, food and beverages, paper and pulp, infrastructure, and automotives.
Low voltage accounts for more than 80% of the overall market share due to growing demand for low power variable frequency drives in fans, pumps, machine tools, crane, fluid machines, printing machines, metal processing machines, and food processing machines.

“Call for better productivity with reduced downtime to drive North America Variable Frequency Drives market”, says an analyst from Future Market Insights.

Competitive Landscape

Yaskawa Electric Corporation, in June 2021, announced tabling HV600 family of the drives that incorporates advancements in HVAC applications’ variable speed control.
Eaton Corporation, in June 2021, came up with PowerXL DM1 micro variable frequency drive designed for OEMs at industrial and commercial level.
Fuji Electric, in September 2022, announced working on virtual power plant in the direction of spreading renewable energy.
Emerson, in June 2022, acquired Fluxa, thereby strengthening its foothold in the life sciences vertical.

What does the Report Cover?

Future Market Insights offers an exclusive perspective and various real-time insights on North America Variable Frequency Drive market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
The research study is based on voltage range (low voltage range and medium voltage range), by end-use vertical (oil & gas, food processing, and automotive), and by application (standard and regenerative).

Key Segments Profiled

By Voltage Range Type:

Low Voltage Range
Medium Voltage Range

By End-use Industry:

Oil & Gas
Food Processing
Automotive

By Application:

Standard
Regenerative

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3D Bioprinted Human Tissue Market Assessment and Key Insights Analyzed Till 2026

Cell function and viability are preserved through this process which enables its use in either organ replacement or tissue engineering. The 3D bioprinted human tissue market is mainly concerned with the latter. While it has much in common with traditional additive manufacturing, the 3D bioprinted human tissue market has a number of unique characteristics and challenges exclusive to it.

Additive manufacturing i.e. 3D printing is either already used or being seriously considered in the aerospace & defence industry, automobile manufacturing, textile production, medical healthcare devices and computer equipment.

It was first used for creating rapid prototypes and was conceived in the 1980’s. Rapid advances in the field have led us to the advent of bioprinting in the 21st century. 3D bioprinting, as the name suggests, is a technique of recreating cells in a confined space with the help of 3D printers.

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3D Bioprinted Human Tissue Market Drivers

The main driver for the 3D bioprinted human tissue market is expected to be the field of tissue engineering. Tissue engineering is meant to repair or even replace different tissues like bone, blood vessel, cartilage, bladder, muscle, skin, heart etc.

Demand for tissue engineering is expected to surge following the shift in focus from stem cell therapy to immune cellular therapies. A second important driver could be the organ replacement market. Medical institutions across the world are facing a severe shortage of organs that can be donated.

3D bioprinting could be used to replace parts of or even the entire tissue, saving countless lives in the process. It would also have the advantage of the transplanted organ being readily accepted, since the patient’s body would not treat the donor’s organ as ‘foreign’.

The 3D bioprinted human tissue market could also be relevant in the booming global cosmetic surgery speciality. Patients could download a face scan from the Internet and apply it on their own. People might also want to have their face scanned during their teenage years, and reapply it every few years to appear as a perpetual youth!

3D Bioprinted Human Tissue Market Restraints

While bioprinting is evolving very rapidly, there are still some major challenges which constrain the 3D bioprinted human tissues market, one of which is cell vascularization. 3D bioprinted human tissues would not get enough nutrients, be able to exchange gases or dispose of waste properly without a sound vascular network.

This is an issue not only for 3D bioprinted human tissue but also for the 3D printed organ market. An effect of this is low cell viability, which means the tissue cannot be used for anything barring research purposes. Another restraint is the rapid tissue maturation process, where printed organs must be quickly fused, remodelled and matured towards a solid construct.

The third critical challenge is the lack of biomaterials available. Bioprinting can only use a handful of materials at present and not all integrate seamlessly with the printing hardware along with possessing all the desired biological properties. These are the main reasons why the 3D bioprinted human tissue market has not been able to achieve its full potential yet.

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3D Bioprinted Human Tissue Market Key Regions

North America is the largest 3D bioprinted human tissue market at present and is expected to remain so for the foreseeable future. This is due to the major 3D bioprinting players being based here, strong government investment in healthcare, massive R&D spending as well as a thriving private sector.

The APAC region is anticipated to become increasingly important in the long term due to strong fundamentals. Europe will remain stable and is not expected to post very high growth rates in the 3D bioprinted human tissue market.

3D Bioprinted Human Tissue Market Key Market Players

Key 3D bioprinted human tissue market players include Organovo, Stratasys Ltd., 3D Systems, Inc., SOLS Systems, Youbionic, Materialise NV, Oceanz 3D printing, The Pexion Group, &, and others.

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, types and applications.

The report covers exhaustive analysis on

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

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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, S. Africa, N. 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.

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Mobile Data Protection Market : Notable Developments & Geographical Outlook 2022 – 2032

The global mobile data protection market is predicted to grow at a CAGR of 28% during the forecast period, with a revenue of $4.26 billion in 2022 and a revenue of $50.27 billion by 2032.

Mobile data protection is the technology that protects enterprise as well as personal data from cyber-attacks, and other such activities. It inhibits unlicensed access, as well as offers advanced device protection from malware and provides firewalls, anti-virus solutions to the organizations. Mobile data protection facilitates enhanced encryption and decryption techniques within the system enabling the operators to safely store, access, and transfer data.

Protection of data from theft, loss, or misuse has become crucial practice in every enterprise, as breach of data can hamper brand image and result into severe losses. In the recent past, introduction of mobility has altered the operations within an organization globally. However, in spite of the fact that use of mobile or portable devices have brought in remarkable flexibility, it is also associated with potential data security risks.

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It primarily secures data stored on portable systems such smartphones, removable media, or even laptops. Moreover, increasing in adoption of portable devices for data storage among organizations in various sectors has resulted in a significant increase in deployment of mobile data protection as a step towards enhancing enterprise data security.

Mobile Data Protection Market: Drivers and Restraints

Increasing trends of portable devices among organisations, has resulted into severe threat of data loss, thus driving the adoption of mobile data protection solutions. In addition, the evolving work culture in organisations in various industries are widely adopting the trends of bring your own device, cloud and also social media, as well as stringent regulations in regards to data protection solutions as anticipated to further encourage the growth mobile data protection market.

On the other hand, some additional spending on implementation, training, and IT infrastructure maintenance, may result into restricting small and medium enterprise with limited budgets from adoption the solution, this acts as a restraint for the mobile data protection market.

Mobile Data Protection Market: Segmentation

Mobile data protection can be segmented on the basis of device type, operating system, user type verticals, and regions. On the basis of device type the market can be segmented into mobile phones, laptops, removable media and others. The operating systems can be segments as Mac OS, Windows, android, Linux, and others. Whereas the user type may include small & medium enterprises (SME) and large enterprises.

Mobile data protection market can be segmented on the basis of verticals such as retail, manufacturing, BFSI, healthcare, consumer goods, IT and telecommunication, media and entertainment, aerospace & defence, and others. Regionally mobile data protection market can be segmented into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa.

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Mobile Data Protection Market: Regional Outlook

Mobile data protection market is dominated by the North America, Asia Pacific Excl. Japan, and Western Europe region. Western Europe is expected to grow at a significantly as compared to the other region in the mobile data protection market and will see a good growth rate in the future. The European have recently laid down new data protection regulation means for organisations based in Europe – The General Data Protection Regulation (GDPR).

The regulation is anticipated to substantially increase the need for data protection solutions to comply with the stringent regulation, and thereby increase the demand for mobile data protection solution in the region. Eastern Europe is expected to see a moderate growth rate in the mobile data protection market, with a few enterprises looking to invest in this region.

Mobile Data Protection Market: Competition Landscape

Among the key players involved in mobile data protection market, Intel Corporation is one of the prominent players. Intel Corporation provided its mobile data protection software – McAfee Complete Data Protection-Advanced Suite, and McAfee ePolicy Orchestrator (McAfee ePO) software to UMIVALE which is a non-profit organization based in Spain, to increase protection against attacks, improve data monitoring and utilization and faster data protection. Other players in the mobile data protection market such as Sophos Ltd. Is focusing on organic as well as inorganic strategies to strengthen their position in the market.

The report covers exhaustive analysis on

Mobile Data Protection Market Segments
Mobile Data Protection Market Dynamics
Historical Actual Market Size, 2013 – 2015
Mobile Data Protection Market Size & Forecast 2016 to 2026
Supply & Demand Value Chain
Mobile Data Protection Market Current Trends/Issues/Challenges
Competition & Companies involved
Mobile Data Protection Technology
Mobile Data Protection Value Chain
Mobile Data Protection Market Drivers and Restraints

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Regional analysis for Mobile Data Protection Market includes

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

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Social Media Records Management Market Key Players, End User, Demand and Consumption by 2030

Social media refers to the activities which integrate web technology, social interaction, and user-generated content. Social media includes blogs, social networks, photo libraries, virtual worlds, location-based services, and video sharing sites. Worldwide agencies use social media internally and externally to share information, support business processes, and connect people to each other. As for all records management purposes, capturing and maintaining evidence are key capabilities of such social media records management solutions.

Impact of COVID-19 Pandemic Outbreak on Social Media Records Management Market

As COVID-19 continues to further infuse itself into the normalcy of daily lives, given state and local government shelter-in-place mandates and school closings, more and more individuals are limited to home atmospheres and have increased reliance on the internet for up-to-date information, community support, and entertainment.

During such time of crisis, social media platforms like Facebook, Instagram, Twitter, etc. can be a blessing for customers and brands.

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While consumers’ social media usage is greatly increasing, it is important for brands to evaluate and adjust existing strategies and approaches across platforms to ensure they are still able to connect with their audiences and align messaging with the realities of the new normal.

Historically, the market for social media records management has grown by almost 14%-15% globally in the past 5 years. In 2019, the total value of social media records management was nearly US$ 9 Bn globally.

However, due to the COVID-19 outbreak, adoption for social media records management is estimated to increases by nearly 8%10% in Q2-Q3 2020, as the demand for cloud social media management solutions is expected to grow over the forecasted period.

Social Media Records Management Market: – Market Dynamics

Need for Social Media Measurement to Enhance the Customer Experience

With the continuous evolution of technology and dynamic innovation in the industry, expectations of customer experience are constantly on the rise. Customers can access a world of information at their fingertips

When they see an authentic brand, they value the time taken to build that connection, which can later transform into customer loyalty.Customer experience management refers to the various processes used to oversee customer engagements and manage their relationship with business.

Additionally, within the social media landscape, there are a number of avenues to consider. From visual platforms like Instagram and YouTube to network-based models like LinkedIn and Facebook, there’s a great variety and using the right tool to collectively manage customer care on each of these platforms is recommended which drives the demand for the social media records management market.

Need to Increase ROI on Social Media Strategy

Social media spending is now over 10% of the average company’s marketing budget. In order to improve ROI, that money must actually generate high quality leads and customers.

For instance, a marketing software such as that from Socedo, can automatically find new leads by matching Twitter posts and profile information with buyer personas.

Such platforms reach out to people who fit criteria on a continuous basis by visiting people’s profiles, following people and then sending customized direct messages to those who follow back.

It can sync new contacts with any social engagement status into marketing database or CRM which would benefit the business profitability. Such increasing social media strategies is expected to fuel the market growth.

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Lack of Common Standards to Impact Market Growth

Social media are platforms, not publishers. They provide the means for large numbers of people to produce and consume information. They are open to both producers and consumers.

Social media managers regulate the content on a platform, but the platform does not host everything that is posted on it.

The regulation is necessarily ex post. Social media are, of course, economic institutions; they need to generate or have a prospect of generating revenue beyond the costs of providing the service.

Individuals create a user profile that social media services in turn use to connect individuals to others. Social media services often use data gleaned from users to target advertising to them.

Such lack of common standards of sharing consumer data could be a restraint for the market.

Social Media Records Management Market: Key Players

Key players in the social media records management market are focusing on strength of product portfolio and innovation & partnerships and collaborations with the other players to increased productivity and sustained business growth.

The major players offering social media records management include

Adobe
IBM
Google
Oracle
Salesforce
Sprout Social
Hootsuite
Sysomos
Sprinklr
Digimind

The report covers exhaustive analysis on

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

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Regional analysis includes

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

Social Media Records Management Market: Segmentation

By Component:

Solutions
Social Media Marketing
Social Media Analytics
Social Media Asset and Content Management
Others
Services
Consulting
Implementation
Training and Support

By Application:

Sales and Marketing Management
Customer Experience Management
Competitive Intelligence
Risk Management and Fraud Detection
Others

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Mobile Unified Communications and Collaboration (UC&C) Solution Market Scope of Current and Future Industry 2026

Global mobile unified communications and collaboration (UC&C) solution market is classified into type, application, vertical, and region. The global mobile unified communications and collaboration (UC&C) solution market can be segmented on the basis of type which includes solution and service.

The service segment can be further sub-segmented into consulting service, integration service, implementation service and maintenance service. On the basis of application, the market can be segmented into social networking, gaming, voice calling, video conferencing and other.

Vertical wise, the global mobile unified communications and collaboration (UC&C) solution market is segmented into BFSI, media & entertainment sector, healthcare sector, public sector, retail sector, transportation & logistics sector, manufacturing sector, IT & telecom sector and energy and utility sector.

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Region wise, global mobile unified communications and collaboration (UC&C) solution market is segmented into North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East and Africa (MEA).

Mobile Unified Communications and Collaboration (UC&C) Solution Market Overview

Unified communication is the convergence of real-time communication services such as voice calling, video conferencing, instant messaging etc. Unified communication is a set of products that provides a consistent and unified user experience across multiple media types and devices.

Global Mobile Unified Communications and Collaboration (UC&C) Solution Market: Region-wise Outlook

The global mobile unified communications and collaboration (UC&C) solution market is projected to register a considerable growth in terms of CAGR during the forecast period.

The mobile unified communications and collaboration (UC&C) solution is gaining traction across verticals, which in turn is expected to create huge growth opportunity for key players operating in the mobile unified communications and collaboration (UC&C) solution market.

Global Mobile Unified Communications and Collaboration (UC&C) Solution Market: Drivers

Small and medium enterprises are rapidly shifting towards mobile unified communication and collaboration solution in order to improve professional presence, reduce costs and increase productivity. Mobile unified communications and collaboration solutions are comparatively cheaper than other communication tools which is attracting more number of consumers across verticals to deploy these communication and collaboration solutions in their organizations.

Thus, increasing demand for mobile unified communications solutions from small-medium enterprises, low associated with deployment of these solutions and growing trend of bring your own device (BYOD) are some of the major factors that are expected to drive the market growth during the forecast period.

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Global Mobile Unified Communications and Collaboration (UC&C) Solution Market: Restraints

Lack of awareness across verticals in emerging economies such as Latin America, APEJ and MEA and security related measures due to increasing number of cyber threats are some of the major factors that are expected to hinder growth of the global mobile unified communication and collaboration (UC&C) solution market to some extent.

Global Mobile Unified Communications and Collaboration (UC&C) Solution Market: Competitive Landscape

Key players in the global mobile unified communications and collaboration (UC&C) solution market focus on acquisition and mergers, offering advanced solutions and services in order to enhance customer experience and outperform competitors.

Global Mobile Unified Communications and Collaboration (UC&C) Solution Market: Key Players

Some of the major players identified in the global mobile unified communications and collaboration (UC&C) solution market are Avaya, Inc., Alcatel-Lucent S.A., Computer Sciences Corporation (CSC), CISCO SYSTEMS INC, HP CO, IBM Corporation, Microsoft Corporation, Verizon Communications Inc. and Polycom, Inc. etc.

The report covers exhaustive analysis on

Mobile Unified Communications and Collaboration (UC&C) Solution Market Segments
Mobile Unified Communications and Collaboration (UC&C) Solution Market Dynamics
Historical Actual Market Size, 2012 – 2014
Mobile Unified Communications and Collaboration (UC&C) Solution Market Size & Forecast 2016 to 2026
Supply & Demand Value Chain
Mobile Unified Communications and Collaboration (UC&C) Solution Market Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Mobile Unified Communications and Collaboration (UC&C) Solution Market Drivers and Restraints

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Regional analysis for Mobile Unified Communications and Collaboration (UC&C) Solution Market includes

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

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Europe Accounts For 37.3% Share Of The Global Loader Bucket Attachments Market | Forecast 2022-2032

Global consumption of loader bucket attachments stood at around US$ 2.63 Bn in 2021, and is slated to increase at a CAGR of 4.6% to reach a valuation of US$ 3.76 Bn by 2029. The loader bucket attachments market grew at a CAGR of 3.7% from 2014 to 2021.

A large construction tool known as a loader is used to load or unload materials such as waste, sand, stones, wood, ice, and dust. Use the bucket, which is attached to the opposite edges of the arms, to pick up and move items from the ground. The bucket assembly for the loader could be either temporary or permanent.

It is impossible to overstate the functional significance of loader buckets in bulk material handling equipment. Rising safety standards and a sizable demand for routine replacement of loader bucket attachments are the main drivers of high volume sales.

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Key Takeaways of Loader Bucket Attachments Market Study

The rise in infrastructural projects with promising economic growth necessitates manufacturers of heavy-duty off road vehicles to increase efficiency and productivity, creating growth opportunities for players in the loader bucket attachments market.
Prominent players in the loader bucket attachments market are striving to offer an extensive range of attachments and ground engaging tools. Additionally, these companies strive to offer new products in developing regions where end-use industries have registered double digit growth in the past, such as China, India, and Latin America.
Between thumbs and grapples, grapples are estimated to gain more prominence, as they can be used to multitask, which leads to increased productivity in demolition, rock handling, scrap handling, and land clearing applications. Grapples are expected to gradually replace thumbs in the latter half of the forecast period.
Amongst all the loader bucket attachments, ground engaging tools are gaining more acceptance in the loader bucket attachments market, owing to their better productivity.
Cumulatively, the Americas and Europe have a notable installed base of bulk material handling equipment. The need for frequent maintenance due to safety concerns and the resulting volume sales of loader bucket attachments, coupled with growing concerns regarding proper waste handling is expected bolster the growth of the loader bucket attachments market.

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“Increasing infrastructural investments, recovering mining industry, and the prevalence of waste management is anticipated to offer abundant opportunities to manufacturers in the loader bucket attachments market, especially in developing countries.”

Loader Bucket Attachments: Competition Scenario

The loader bucket attachments market is assessed to be a fairly consolidated market space, where players such as Caterpillar, AB Volvo, Komatsu Ltd., JCB, Doosan Corporation, Deere & Company, and CNH Industrial are projected to maintain their supremacy in the market throughout the forecast period.

Key Segments of Loader Bucket Attachments Industry Survey

Loader Bucket Attachments Market by Attachment:

Attach Adapters & Couplers
Blades
Booms
Forks
Grapples
Ground Engaging Tools
Mounting Brackets
Pushers & Snowplows
Rakes
Sweepers
Thumbs

Loader Bucket Attachments Market by Region:

North America Loader Bucket Attachments Market
Latin America Loader Bucket Attachments Market
Europe Loader Bucket Attachments Market
East Asia Loader Bucket Attachments Market
South Asia & Pacific Loader Bucket Attachments Market
Middle East & Africa (MEA) Loader Bucket Attachments Market

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