Syringes and Needles Market | GCC Industry Analysis and Opportunity Assessment 2022-2026

The GCC Syringes and Needles Market is projected to register a CAGR of 9.0% between 2016 and 2026, reaching a market valuation of US$ 874.0 Mn by 2026. In a new report titled “GCC Syringes and Needles Market: Industry Analysis and Opportunity Assessment, 2016 – 2026”, Future Market Insights examines the GCC syringes and needles market and presents useful insights on market performance and key drivers and trends likely to govern the market in the coming 10 years.

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Syringes and needles are collectively known as a “Sharps”. Syringes and needles are the most widely used disposables used in various applications such as injections, infusions, and blood or specimen collection. Within applications, the injection or the drug delivery segment is the most popular and leads the syringes and needles market. Syringes and needles are basically made of polymer and glass material. The syringes and needles market in the GCC region is estimated to register a significant growth over the forecast period (2016–2026) due to the growing prevalence of chronic diseases such as diabetes, cancer, chronic intestinal diseases, and hepatic failure. Increase in the economic standards and disposable income of individuals across the region are also positively favouring the growth of the GCC syringes and needles market.

Further, rising adoption and an increasing demand for safety syringes and needles over conventional reusable syringes and needles is expected to boost the growth of the GCC syringes and needles market in terms of value over the forecast period. Increasing instances of diabetes in the GCC region is likely to accelerate the demand for insulin syringes and needles and this is expected to further fuel growth of the overall syringes and needles market. Also, a rise in geriatric population is anticipated to inflate the healthcare service industry and subsequently boost growth of the syringes and needles market.

Rise in self-administration due to the availability of prefilled syringes drives the demand for prefilled disposable syringes and needles. The availability of new drugs through prefilled syringes and needles is likely to present lucrative opportunities for players as well as pharmaceutical manufacturers in the GCC syringes and needles market. A key trend defining the market is that larger players are focusing on enhancing their geographical presence and expanding their customer base by entering into strategic mergers and acquisitions. There is also a rising trend towards the adoption of plastic syringes and needles owing to their inherent benefits over glass syringes.

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Market projections

The polymer syringes and needles segment is expected to project a healthy growth over the forecast period. This segment is estimated to be valued at US$ 359.3 Mn by the end of 2016 and is expected to increase to US$ 858.2 Mn by 2026, registering a CAGR of 9.1% in terms of value over the forecast period. The polymer syringes and needles segment is expected to hold a greater market share than that of the glass syringes and needles segment. Polymer syringes and needles are highly resistant to breakage and come with an affordable price tag over glass syringes and needles. There are also growing regulatory concerns over increased possibilities of injuries and accidents occurring with the use of glass syringes and this is likely to lead to a restrained growth of the glass syringes and needles market in the GCC region over the forecast period.

The disposable syringes and needles segment is anticipated to become the highly potential segment as compared to the reusable syringes and needles segment over the forecast period due to increasing demand of disposable syringes and needles. In terms of volume, the hospital segment is estimated to be valued at 8,936 Mn by 2026, projecting a volume CAGR of 6.8% over the forecast period.

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The GCC syringes and needles market has been segmented into six prominent countries – the Kingdom of Saudi Arabia (KSA), United Arab Emirates (UAE), Oman, Kuwait, Qatar, and Bahrain. The Kingdom of Saudi Arabia (KSA) market is likely to dominate the GCC syringes and needles market, accounting for maximum revenue share of the market by the end of 2016. Collectively, the United Arab Emirates (UAE) and Oman markets are expected to account for over 21.2% revenue share of the GCC syringes and needles market by the end of 2016. Among the emerging markets, Kuwait is estimated to exhibit a significant CAGR of 1.7% over the forecast period followed by the Qatar market, due to recent industry developments and favourable trade policies.

Some of the key market players profiled in the GCC syringes and needles market report include Becton, Dickinson & Company, Nipro Corporation, Baxter International Inc., B. Braun, Terumo Corporation, Medtronic PLC., Smiths Group Inc., Abu Dhabi Medical Devices Company, SAAPP (FZC) LLC., and IBN Sina Medical Factory.

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Optical Emission Spectroscopy Market is likely to secure a CAGR of 5.0% through 2032

Companies in the optical emission spectroscopy market are offering specialised solutions to cater to the requirements of diverse applications in medical, automotive, waste management, etc. Launch of new solutions is pushing revenues in the global market, as highlighted in a new report by Future Market Insights (FMI). According to FMI analysis, strategic mergers, acquisitions and partnerships between optical emission spectroscopy equipment and service providers and various research institutes are expected to enable market players to increase their revenue generation and sales. These collaborations will also fuel the development of new technology-related innovation strategies.

The report profiles some of the leading companies operating in the optical emission spectroscopy market such as Thermo Fisher Scientific Inc., Agilent Technologies Inc., Waters Corporation, LECO Corporation, Hitachi High-Technologies Corp., Yokogawa Electric Corporation, Stellarnet Inc., Rigaku Corporation, Bruker Corp., Sartorius AG, PerkinElmer Inc., Danaher Corp., AMETEK Inc., JEOL Ltd., and Shimadzu Corp.

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The report throws light on the various factors impacting revenue growth of the global market.

With an estimated 5% compound annual growth rate, the optical emission spectroscopy market is expected to reach a valuation of just under US$ 576 Million in 2019. FMI attributes growth in revenue of the optical emission spectroscopy market to a rapidly expanding laboratory automation sector and increasing technological advancements in spectroscopy equipment. The abilities offered by optical emission spectroscopy, such as the ability to analyse a vast range of elements, from lithium to uranium in solid elemental metal instances, and the ability to cover a vast concentration range with high accuracy and precision and low detection limits, are encouraging the adoption of specialised optical emission spectroscopy equipment and services by various industries.

Increasing Global Spending on R&D Activities to Fuel Adoption of Optical Emission Spectroscopy

The last few years have witnessed concerted efforts by governments of leading economies such as the United States, France, Germany, the United Kingdom, Japan, Russia, China, and India towards research initiatives to drive the development of commercial healthcare infrastructure. Further, various global research organizations are focussing on expanding their budgets to accommodate the management of day-to-day laboratory operations and challenges. These initiatives are pushing revenues in the global market for optical emission spectroscopy.

Collaborations Between Equipment Providers and Research Institutes to Define the Global Optical Emission Spectroscopy Market

The increasing adoption of spectroscopy technology in the agriculture, chemicals, pharmaceutical, and clinical analysis sectors are paving the way for mergers and acquisitions in the optical emission spectroscopy market. Growing demand for advanced laboratory equipment coupled with technological innovation is impelling providers of optical emission spectroscopy equipment to collaborate with one another to meet specific customer demands. Increasing partnerships among spectroscopy equipment providers and research institutes can also be witnessed in the global market.

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Key Segmental Insights from the Report

  • On the basis of source of excitation, Arc/spark optical emission spectroscopy is expected to hold the largest market share; however, inductively coupled plasma optical emission spectroscopy is expected to continue finding new applications across different industry verticals.
  • The food industry is expected to hold the largest market share in the optical emission spectroscopy market on account of high demand for efficient and highly regulated food safety analysis.
  • Among the regions, Asia Pacific Excluding Japan is projected to remain the largest market for optical emission spectroscopy followed by North America.

Quick Insights on the Optical Emission Spectroscopy Market Structure

  • Tier-1 optical emission spectroscopy providers such as Agilent Technologies, Thermo Fisher Scientific Inc., PerkinElmer Inc., and Hitachi High-Technologies Corporation collectively account for around 35%-37% value share of the global market, with a significant global coverage. These players hold an individual market share of more than 5%.
  • Tier-2 companies such as Shimadzu Corporation and Bruker Corporation hold a market share of more than 2% but less than 5%.
  • Tier-3 companies are relatively new entrants in the optical emission spectroscopy market and comprise local and regional players. These companies hold a market share of less than 2%.

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Industrial Transceivers Market is likely to grow at a CAGR of 6.7% through 2032

With a projected annual revenue growth rate of 6.6% in 2019, the industrial transceiver market is likely to be driven by several unique factors closely related to the demand and revenue scenario of the global environment.

The most prominent of these factors include stringent regulatory demands, complex pricing structures, and very specific raw material and design requirements, but a new study from Future Market Insights also highlights the growing importance of strategic relationships between industrial transceiver manufacturers and suppliers. . A fragmented supply base affecting the global landscape.

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Power management applications present significant opportunities.

Application-based adoption of industrial transceiver technology will remain at a maximum in the area of ​​applications related to power management. The report forecasts strong annual revenue growth for the Power Management Applications segment compared to other applications in Industrial Transceivers including EV, Renewable Energy, Smart Grid, Motor Control and Drive, Data Processing and Communications, Lighting, Automation.

Procurement of multimode industrial transceivers for increased speed

Among wavelength division multiplexing technology, single-mode industrial transceiver technology and multi-mode industrial transceiver technology, the latter brings multi-mode transmission and includes a larger core for superior functionality. The industry also favors the integration of multimode industrial transceiver technology over other technologies to facilitate the short-range requirements of network infrastructure.

The report states that the procurement of multi-mode industrial transceiver technology is more likely to accelerate in the next few years due to larger cores, driving the overall demand for multi-mode industrial transceivers in the global environment.

Latin America in the spotlight

With an outstanding presence as a leading provider of transceiver solutions in the industry, North America is likely to have the largest share of the industrial transceiver market in terms of revenue. The report also reaffirms Europe’s significant market value share in the coming years.

However, Latin America is poised to emerge as a very lucrative pocket for investors due to the widespread deployment of industrial automation-assisted equipment, particularly in data management and telecommunication sectors. This report predicts that the revenue of the industrial transceiver market in Latin America will grow significantly annually.

MEA has also positioned itself as a region with excellent growth potential in the industrial transceiver market over the next few years, owing to an increase in R&D projects in the field of renewable energy and an increase in the establishment of advanced power management projects.

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FMI conducts a thorough assessment of the competitive environment.

The report points out significant revenue shares of Texas Instruments Incorporated and Infineon Technologies AG in the industrial transceiver market. An extensive analysis of the key players operating in the global industrial transceiver landscape reveals the most prominent development strategies adopted by the leading players in the industrial transceiver sector.

In the report, FMI introduces some of the leading players competing in the global Industrial Transceiver sector to provide insights from a strategic perspective. Analog Devices, Inc. and AMS Technologies, the report includes Cisco Systems, Fujitsu Optical Components Limited, Finisar Corporation, Maxim Integrated, Huawei Technologies Co., Ltd., MaxLinear, Renesas Electronics Corporation, Microsemi, Nordic Semiconductor, ZTE Corporation and STMicroelectronics.

  • Suppliers and manufacturers will continue to benefit from long-term contractual partnerships, which will further accelerate the company’s technological innovation efforts, ultimately supporting new product development and launch.
  • As interest in product customization grows, we continue to add value to the existing portfolios of key players in the industrial transceiver market, helping them expand their existing customer base.
  • It is expected that the majority of existing industrial transceiver solution providers will focus on providing specialized application-specific industrial transceiver solutions.

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Customer Experience Platforms Market is projected to reach ~US$ 18,972.7 Mn by 2028

Increasing integration of technologies such as AR/VR, bots, CRM, AI, smart devices, and wearables has been contributing significantly to the flourishing landscape of customer experience platforms, in recent years. A newly published market study by Future Market Insights also correlates the rampant growth consumer goods and retail industry to the robust expansion of CX platforms market worldwide. Smartphone penetration is pushing the status of mobile applications and social media platforms as the most preferred points of interaction among customers and businesses, according to the report.

A senior research analyst says while offering the market background, “Tremendous competition across industries is driving the critical need for customer retention and necessitating the regulation of customer churn rate. Businesses are thus increasingly preferring an extensive availability of a range of extension points to connect with their customer bases in an effort to survive the competitive scenario in the customer experience platform landscape”. Adding further to it, the analyst says, “The approximately US$ 5 Bn market for customer experience platforms is likely to demonstrate over 10% year on year growth in revenue in 2019”.

In the wheel of fortune, the report categorizes various market segments on the basis of their rate of growth projected for the next decade old period. A majority of market segments fall in the high and medium growth quadrants. End use verticals such as consumer goods and retail, and hospitality, in addition to IP segments such as social media and mobile apps occupy the high growth quadrant.

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Key Research Findings At A Glance

  • Robust yearly revenue growth of around 12% estimated for mobile apps as the highly attractive interaction point is primarily driven by exceptional penetration of smartphone technology. Around 1/4th share of the current market revenue is contributed by mobile applications.
  • Cloud as a deployment model is winning a heavy incremental opportunity translating further into a larger share of more than 55% over on premise segment in the customer experience platforms landscape.
  • Consumer goods and retail sector, currently holding around 1/4th share of the total market revenue, is observing a hefty incremental opportunity. Hospitality is also rapidly emerging attractive end use vertical for CX platform vendors owing to the considerable yearly growth anticipated post 2020.
  • Large enterprises continues to reign supreme over small and medium sized enterprises in terms of deployment of customer experience platforms. Maximum business opportunity resides in the Android segment.

FMI Recognizes Significant Growth Potential in Developing Regional Markets for Customer Experience Platforms

North America continues to lead the pack globally in customer experience platforms landscape, whereas substantial growth opportunities lie in the South Eastern Asia and rest of Asia Pacific region.

A collective revenue share of over 28% from the eastern and western parts of Europe represent the significant position of European region in customer experience platforms ecology.

While customer centric approach of CX platform vendors is identified to be the key driver for North America’s market, ever-growing digitization is pushing the scenario in Asia Pacific, wherein spectacular growth opportunities are spotted in India and ASEAN countries.

A majority of key market players have strong presence across developing economies in Japan and MEA.

Maintaining the Customer Centric Approach Helps CX Platform Vendors Deliver Customer Satisfaction at An Improved Level

Vendors of customer experience platforms are focusing more on end user requirements, in addition to ever-evolving business requirements.

Fostering adoption of IoT and connected technologies is fueling adoption of customer experience platforms based on end user perceptions.

Centralization of customer data that has been collected from the various points of interaction is enabling vendors to develop a personalized approach to delivering top notch customer experience.

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CX Platform Vendors to Tap into the White Spaces in Predictive Analytics Integration

Future Market Insights report on customer experience platforms landscape reveals that the vendors are leveraging the opportunities residing in the integration of predictive analytics into their existing CX platform offerings.

With more than 40% share of the current market revenue, Tier 1 players are reportedly delivering best-in-industry offerings in wider portfolios, imparting significant regional coverage. Tier 2 companies on the other side include some of the highly important companies that hold the potential to transit to the Tier 1 category. Although Tier 3 players are relatively new entrants and hold limited presence at a global level, they reflect growth at a rapid pace.

Customer Experience Platforms Market Outlook By Category

By Interaction Point:

  • Stores
  • Websites
  • Email
  • Call Centre
  • Mobile Apps
  • Social Media

By Deployment:

  • Cloud
  • On-Premise

By Vertical:

  • IT & Telecommunication
  • BFSI
  • Healthcare
  • Consumer Goods & Retail
  • Hospitality
  • Transportation and Logistics
  • Media and Entertainment
  • Government

By Enterprise Size:

  • Small Enterprises
  • Medium Enterprises
  • Large Enterprises

By Platform:

  • Windows
  • iOS
  • Android

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • SEA and other of APAC
  • Japan
  • China
  • Middle East and Africa (MEA)

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Cognitive Assessment and Training Market is projected to rise significantly at a CAGR of 17.4% to reach US$ 3.7 Bn by 2028

The Cognitive Assessment and Training Market is estimated at US$ 1.4 Bn in 2022 and is projected to rise significantly at a CAGR of 17.4% to reach US$ 3.7 Bn by 2028.

Future Market Insights (FMI) has recently published a report titled “Cognitive Assessment and Training Market – Global Industry Analysis 2013-2021 and Opportunity Assessment 2022-2028.” Cognitive assessment and training is the mental process of acquiring knowledge and understanding through experience and sense.

Furthermore, these cognitive assessment tools are used to identify individuals who are likely to need additional evaluation. At present, these tests are widely used by organisations as a part of the recruitment process to assess a candidate’s competence & suitability for the role, as well as to predict his/her future performance.

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Cognitive Assessment and Training Market: Overview & Analysis

Owing to these factors, the software sub-segment is also expected to exhibit a 70.2% market share at the end of 2018. In addition, the services segment is also projected to create potential growth opportunities for the vendors of cognitive assessment and training solutions during the forecast period.

Based on type, the global cognitive assessment and training market is segmented into Personal Computer (PC) and mobile & tablet. The mobile & tablet sub-segment is projected to register double-digit growth during the forecast period. This sub-segment registered a 61.8% market share in 2017.

Growth in the income of the middle class population has led to an increase in the purchase of premium smartphones. Hence, the mobile & tablet sub-segment is estimated to generate potential opportunities for the cognitive assessment and training vendors in most of the developed and developing countries.

In recent years, it has been observed that the domestic manufacturing of smartphones has registered double-digit growth in India and China. These factors are also creating the demand for mobile and tablet-based cognitive assessment and training solutions in India and China.

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Global and regional healthcare companies are increasingly adopting advanced technologies to sustain in this highly competitive environment. The global healthcare industry is undergoing technological advancements. Due to these factors, the healthcare industry is projected to have a market share of more than 60% in the cognitive assessment and training market at the end of 2018.

On the basis of geography, North America is expected to dominate the global cognitive assessment and training market due to the advent of next-generation technological advancements in the U.S. and Canada. The cognitive assessment and training market has high potential in China owing to major technological advancements in the country. China is now the most connected country in the world.

According to FMI analysis, long-term contracts with business partners help to increase revenue and new innovation strategies will enable cognitive assessment and training vendors to reach new growth markets. Some of the market participants featured in the global cognitive assessment and training market are IBM Corporation, Cambridge Cognition Limited, NeuroCog Trials, ERT Clinical, Brain Resource Company, WIRB-Copernicus Group, CogniFit, CRF Health, Cogstate Limited and Pearson Education.

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Key Segments of Cognitive Assessment and Training Industry Research

Cognitive Assessment and Training Market by Component:

  • Cognitive Assessment and Training Software
  • Cognitive Assessment and Training Services
  • Cognitive Assessment and Training
  • Cognitive Assessment and Consulting
  • Cognitive Assessment and Training Support & Maintenance

Cognitive Assessment and Training Market by Type:

  • Personal Computers (PCs)
  • Mobiles & Tablets

Cognitive Assessment and Training Market by End User:

  • Cognitive Assessment and Training for Healthcare
  • Cognitive Assessment and Training for Research Organizations
  • Cognitive Assessment and Training for Education
  • Others

Cognitive Assessment and Training Market by Region:

  • North America Cognitive Assessment and Training Market
  • Latin America Cognitive Assessment and Training Market
  • Europe Cognitive Assessment and Training Market
  • East Asia Cognitive Assessment and Training Market

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Digital Transaction Management Market is projected to expand rapidly at a CAGR 31.7% value, during the forecast period 2022-2032

With a staggering CAGR of 31.7% from the forecast period of 2022 to 2032, the global market for digital transaction management is anticipated to reach a valuation of US$ 47,170 Mn in 2032. By the end of 2022, it is predicted that the market for digital transaction management (DTM) solutions will have grown significantly, reaching an estimated US$ 3,129 Mn. The use of digital transformation technologies is expanding, which accelerates market expansion even more.

DTM is a component of cloud services that was created specifically to manage transactions based on digital documents. Numerous organisations can benefit from digital transaction management in a variety of ways, including collaborative document management and streamlining document-based procedures to enhance customer experience. DTM solutions have shown to be very beneficial in a number of areas, including HR, finance, sales, IT, legal, and procurement.

The modernization of the workplace and the elimination of antiquated procedures and administrative paperwork have received a lot of attention recently. These elements have given the digital transaction management market a number of highly profitable opportunities. Additionally, ongoing technological development is producing more dependable and secure digital transaction management systems, which supports market expansion.

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Moreover, the elevated usage of cloud-based solutions is expected to bode well for the digital transaction management market. A cloud-based system optimizes the workflow management for both large and small enterprises and helps make digital transaction management affordable and less complicated. Moreover, features like document capture, indexing, secure sharing and multi factor authentication, encryption, searching and retrieval, integration, and backup boost the demand for digital transaction management in the global market during the assessment period.

In order to improve their income and profitability, more and more enterprises are adopting digital transaction management solutions and services. With the rapid growth of the target market, it is likely to assimilate within itself a large portion of paper records in the near future. All of these factors hint towards a positive market environment for the digital transaction management.

“The continuous integration and implementation of different technologies is likely to drive the global growth of the digital transaction management market over the forecast period,” says an FMI analyst.  

Key Takeaways:

  • Profitability associated with the adoption of digital transaction management facilitates market growth.
  • Risk of cyber attacks and security breaches may hinder the market growth.
  • By component type, the solution category is expected to dominate the market.
  • In 2022, the large enterprises subsegment will hold about 34.5% of the market share.
  •  BFSI sector will acquire 22.5% of the market share by the end of 2022.
  • Presence of major key players to drive the market growth in North America.
  • The Asia Pacific digital transaction management market will record a CAGR of 31%.

Competitive Landscape 

Adobe Systems Incorporated, Namirial SPA, DocuSign Inc., Nintex Global Ltd., HELLOSIGN, ZorroSign, Inc., AssureSign LLC, ThinkSmart LLC., Kofax, Inc., eOriginal, Inc., OneSpan, Mitek, Entrust Datacard Corporation, and DocuFirst., and others are some of the major players in the digital transaction management market profiled in the full version of the report.

Major market players are focusing on product enhancements by releasing new features. Strategic collaborations, mergers, and acquisitions are also deployed by these businesses.

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More Insights into Digital Transaction Management Market Report

In its latest report, FMI offers an unbiased analysis of the global digital transaction management market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on component (solutions, services), end user (large enterprises, small and medium businesses), vertical (retail, BFSI, healthcare, IT & telecommunication, travel & transportation, manufacturing, government, others), and region.

According to the latest FMI reports, based on region, the digital transaction management market in the Asia Pacific region is predicted to thrive over the forecast period. The regional market is set to witness a prolific CAGR of 31% during 2022-2032. This growth can be attributed to the elevated usage of the target product in countries like India and China. With the expanding e-commerce industry in these countries, the target market will also grow and develop at a rapid rate.

Based on segmentation, the solution component segment is likely to dominate the market. In terms of end-user, large enterprises are expected to lead the market over the forecast period.

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Table of Content

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

2. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

3. Market Background

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Digital Out-of-Home Market is predicted to grow at 11.6% CAGR through 2032

The global digital-out-of-home market is expected to register a CAGR of 11.0% during 2018 – 2028 with SEA and Others of APAC, Western Europe and North America accounting for significant market value shares by the end of the forecast period.

FMI delivers key insights on the global digital-out-of-home market in its report entitled ‘Digital-Out-of-Home market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028’ The market value growth of the global digital-out-of-home market will remain attractive as the market is expected to grow continuously at a CAGR of 11.0% in terms of value during the forecast period 2018–2028. On the basis of the platform, the Digital Billboards & Signages (DBB) segment is expected to register attractive growth over the forecast period. Based on industry, the retail segment in the global digital-out-of-home market is expected to gain market share penetration during the forecast period.

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The global annual revenue from the digital-out-of-home market has been valued at US$ 3,905.3 Mn by the end of 2017, and it is expected to grow at a steady pace over the forecast period. The dominating regions, i.e., North America, SEA & Others of APAC and Western Europe are expected to collectively account for a majority share in the global digital-out-of-home market. These regions are likely to dominate the global digital-out-of-home market over the forecast period.

The digital media landscape is undergoing drastic changes due to the introduction of advanced digital technologies. Over the past few years, various media owners have entered the digital-out-of-home market with an objective to offer cross-network advertisement delivery reports in centralized online dashboards similar to the capabilities of ad servers in the online space. The measurement of digital-out-of-home media is improving due to the adoption of interactive technologies that enable advertisers to gain customer insights using mobile device location data.

On the basis of FMI analysis, the Digital Place-Based Networks (DPN) in the platform segment will dominate the digital-out-of-home market due to the introduction of location-based advertising at various venues and increase in smartphone penetration. On the basis of industry, the retail segment will be a dominating segment due to the widespread adoption of digital billboards & digital place-based networks by brand marketers at malls, roadsides, bus shelters, airports and other high dwell-time venues to generate huge customer traffic.

Key Segments Covered in Digital-Out-of-Home Market

Platform

  • Digital Billboard & Signage (DBB)
  • Digital Place-based Networks (DPN)

Industry

  • Retail
  • Corporate & Government
  • Healthcare
  • Hospitality
  • Transportation
  • Entertainment
  • BFSI
  • Education
  • Others

According to FMI analysis, long-term contracts with business partners help increase revenue and new innovation strategies enable digital-out-of-home vendors and media owners to reach new growth markets. Some of the market participants in the global digital-out-of-home market report include JCDecaux, Lamar Advertising Company, Clear Channel Outdoor, oOh!Media Ltd., Ströer SE & Co. KGaA, Outfront Media, Inc., APN Outdoor Group Ltd., Focus Media Co. Ltd., Exterion Media Group, BroadSign International LLC and Asiaray Media Group Ltd.

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Significant Contributions of the Report

  • Key Trends and Challenges: Detailed analysis on the ‘ins and outs’ of the market with qualitative research and quantitative insights
  • Recent Drivers and Opportunities: Detailed assessment on the key growth drivers, technological developments, and factors affecting the market over the forecast period.
  • Segmental Analysis: Extensive research on each segment and sub-segment, compiled by expert research analysts of FMI
  • Regional Market Forecast: Thorough analysis of each regional market to provide market players with real-time data and reliable statistic to gain a competitive edge in the industry
  • Competitive Landscape: Comprehensive analysis on prominent players and new entrants eyeing to improve their revenue prospects in the industry

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Industrial Energy Management System Market surpassing a valuation of US$ 50.30 Bn by the end of 2028

Industrial Energy Management System Market is forecast to expand at a robust CAGR of 8.5% between 2022 and 2028, surpassing a valuation of US$ 50.30 Bn by the end of 2028.

The energy conservation emergency has led to a rise in the dependency on industrial energy management systems. These systems are responsible for efficiently managing various industries and their consumption of energy by industrial applications. The complexities of an industrial application are handled by energy management systems as they optimize the energy balance, reduce energy consumption, increase productivity, and reduce the coal gas discharge. Several governments across the globe are also encouraging the adoption of industrial energy management systems by industries, creating a favourable scenario for market growth.

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Businesses Embracing Cloud Computing for Increased Efficiency & Scalability

Demand for energy efficient solutions can never lower down. Energy is used in every sector, either in the form of conventional or non-conventional sources. However, the rising needs of electricity has inclined the industries more towards the use of electricity in every way possible, to meet the demand for highly advanced technologies.

This creates scope for energy efficient systems that are necessary for the effective utilization of energy as well as to reduce costs and improve profitability, adhering to environmental regulations. Green initiatives proposed by various governments have introduced new policies for energy conservation and reduced carbon footprint. The real-time monitoring of energy consumption patterns is expected to play an important role in market growth over the forecast period.

Furthermore, as the technology and systems advances, cloud computing also marks its presence in the global industrial energy management systems market. Its offers benefits like updating and upgrading software in real time, facilitating users to utilize the data more efficiently.

Adoption of Smart Meters Will be the Key to Reduced Energy Consumption

The new advanced metering technology has eased the process of gathering detailed electricity consumption data, analytical power of facility energy management systems. It is intended to simplify the complex issues encountered by industrial energy users, and can identify energy waste in a number of categories.

This technology addresses basic errors in control system programming, and errors in maintenance and servicing procedures, thereby fueling the growth of industrial energy management systems market.

Intense competition among the participants in the global industrial energy management systems market will continue to compel companies to offer a wide range of competitive services, to sustain and strengthen their market share.

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Industrial Energy Management System Market by CategoryBy Component:

  • Technology
  • Hardware
  • Services

By End User:

  • Automotive
  • Construction
  • Electronics
  • Food & Beverages
  • Mining
  • Oil & Gas
  • Petrochemicals
  • Utilities

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South East Asia & Pacific
  • China
  • Japan
  • Middle East and Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Cyber-Physical System Market is anticipated to grow at a CAGR of 7.9% during 2022-28

The size of the global market for cyber-physical systems is projected to increase from US$ 86,979.6 million in 2022 to US$ 137,566.0 million in 2028. Between 2022 and 2028, the market for cyber-physical systems is projected to expand at a CAGR of 7.9 percent.

Cyber-physical systems are the subject of a recent industry research analysis from Future Market Insights (FMI). The report’s title is “Global Industry Analysis (2013–2017) and Opportunity Assessment of the Cyber-Physical System Market (2018-2028). ” Many medium- and small-scale manufacturers and plant owners are refocusing their attention on the deployment of cyber-physical systems in order to transform their facilities into smart factories as a result of the falling costs of devices like sensors. These kinds of cyber-physical technologies not only assist in reducing human intervention-related errors but also lower a plant’s total operating and production costs.

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It is usually a good idea to spend money on cutting-edge technology as opposed to adopting it slowly. Smart technologies are being adopted by both developed and developing nations to facilitate a seamless working environment. As a result, there is an increasing global demand for cyber-physical systems, which forces vendors and service providers to work with solution providers and connect different communication platforms in order to accelerate the adoption of such systems. Investment in R&D and collaborations with research organisations for product development are the main strategies being used by a number of providers of cyber-physical systems. Dell EMC, Hewlett Packard, IBM, VMware, SAP SE, Schneider Electric, and Oracle are a few of the firms active in the worldwide cyber-physical system industry.

Decreasing Prices of Networking and Sensors to Boost Adoption

The principal components of a cyber-physical system are storage units, sensors, computing unit, software, and actuators. The declining prices of sensors reduce the overall cost associated with the system, which makes it achievable for small- and medium-sized enterprises. This in turn drives the adoption and application of cyber-physical systems across various industries. Furthermore, the growing economy of several developing economies is benefiting the adoption of cyber-physical systems across the globe. The average household income of developing countries such as India, China, and Brazil among others is anticipated to increase significantly in the coming years. This will shoot up the demand and adoption of new technologically advanced systems such as IoT and CPS, as these nations have witnessed a transition in their spending behavior, and have shown positive adaptability towards such systems for an enhanced end user experience. The swelling economic growth of several developing countries is expected to drive the global cyber-physical system market.

Data Breaches and Security Threats to Obstruct Market Growth

The core factor limiting the growth and adoption of cyber-physical systems is the dearth of security associated with these systems. As any type of system is linked with the cloud, it becomes susceptible to cyber-attacks and data breaches. Moreover, the change from a closed system to an open system has further made way for this risk. As the application of cyber-physical systems is in industries such as manufacturing, healthcare, and automotive, among others, it comprises valuable data and information that could lead to a catastrophe under a data attack. Consequently, with the threat of compromising critical data, many industries are hesitant in adopting cyber-physical systems. This can restrain market growth to a certain extent.

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Cyber-Physical System Market Survey by Category

By Component:

  • Cyber-Physical System Hardware
  • Cyber-Physical System Software
  • Cyber-Physical System Services

By Vertical:

  • Aerospace and Defense
  • Automotive
  • Energy and Utility
  • Healthcare
  • Manufacturing
  • Consumer Electronics
  • Others

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • China
  • Japan
  • Asia Pacific
  • Middle East & Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Gigabit Wi-Fi Access Point Market is projected to grow at 32.3% CAGR over the forecast period 2022-2027

The global gigabit Wi-Fi access point market is projected to grow at 32.3% CAGR over the forecast period (2022-2027).

Future Market Insights (FMI) has just published a fresh analysis on the gigabit Wi-Fi access point market. The study’s title is “Gigabit Wi-Fi Access Point Market: Global Industry Analysis 2016-2021 and Opportunity Assessment 2022-2027.” Because it is anticipated to present lucrative chances in the coming years, India is one of the potential marketplaces that vendors from across the world are concentrating on. To produce innovative GWAP solutions and improve their market share in developing countries, top businesses like Samsung must concentrate on the Indian market. This is because India has a huge potential for GWAP expansion. Due to the large market potential in India, GWAP market vendors are being persuaded to export their products there.

In order to deliver better and faster internet, the Indian government is planning to spend money on gigabit Wi-Fi access points (FTTH). This is anticipated to be a fantastic chance for GWAP market suppliers to get business, particularly from rising economies like India. In the upcoming years, it is anticipated that the GWAP market in India would be driven by the combination of quick technological development and the deployment of better internet infrastructure. GWAP vendors should concentrate on this sector to increase their market share in India because it currently dominates the commercial/industrial end use sector of the GWAP market. Aerohive Networks Inc., Aruba Networks Inc., Cisco Systems Inc., D-Link Corporation, and Arris International Plc. are a few of the businesses that are actively vying for market share.

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Growing Acceptance of Advanced Products to Increase Market Demand

With significant technological breakthroughs, North America is concentrating on implementing new technology, such as gigabit Wi-Fi access point devices, to improve the region’s entire internet infrastructure and provide faster internet speeds. Penske Truck Leasing helped Aruba Networks Inc. in North America broaden its wireless capabilities in August 2016. For enhanced connectivity, Penske chose Aruba Networks to install 5,000 outdoor and indoor access points. As a result of ongoing technological advancement, many businesses are now using gigabit Wi-Fi access point devices to roll out high-speed internet.

Modern electronic gadgets, particularly smartphones and tablets, are slowly gaining popularity with customers, particularly young people. Customers may enjoy fantastic advantages like mobility, quick operation, and long battery life from small devices like smartphones. Therefore, there will be a greater deployment of gigabit Wi-Fi access points in North America as a result of the growing market penetration of smartphones and tablets.

Due to rapid advancements in home automation in Western Europe during the past five years, the use of smart homes and applications has expanded dramatically. The demand for high speed internet to run all the smart devices is anticipated to increase as smart homes are more adopted. Consumers are embracing stronger and more sophisticated internet infrastructure with cutting-edge security options as a result of the aforementioned considerations.

Hardware Replacement Cost to act as a Roadblock in Market Revenue Growth

Old devices such as 802.11n wireless access point devices may or may not be able to support the new hardware standards of 802.11 AC. Henceforth, installing the 802.11 AC standard needs the whole infrastructural change to obtain the maximum benefits from new standard 802.11 AC. Installation of new hardware compatible with 802.11 AC is projected to incur high costs, which is expected to act as a restraint in the initial adoption of gigabit Wi-Fi access points.

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Gigabit Wi-Fi access point Market by Category

By Maximum Data Delivery Rate :

  • Less than 868 Mbps
  • 868 to 1300 Mbps
  • More than 1300 Mbps

By End User :

  • Residential
  • Commercial/Industrial
  • Retail
  • Education
  • Manufacturing
  • Hospitality
  • Healthcare
  • Others

By Component :

  • Wireless Access Points
  • Indoor
  • Outdoor
  • Special-purpose
  • Wireless LAN Controllers

By Region :

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

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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