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Fitness App Market with Focus on Current and Future Plans 2023
Market Synopsis
As per the research by Market Research Future Reports (MRFR), the Global Fitness App Market is estimated to record a CAGR of 31.25% during the review period from 2019 to 2026. Increased use of mobile applications is the primary reason driving the global fitness app market 2020. Apps like these have come into existence due to the intersection of the internet, media, and the latest technologies. The market is majorly influenced by the increasing inclination towards sports and fitness applications for regulating activities and heart rates, and the increasing demand for wearable fitness equipment. The digitalization of the healthcare sector in developing nations presents opportunities for expansion for the worldwide fitness app market during the review period. A rise in the usage of mobile applications has resulted in a growth in the adoption of several fitness apps to adapt to a healthy lifestyle. However, the tracker development and expensive cost of the fitness app is estimated to obstruct the market growth.
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Due to the sudden outbreak of novel coronavirus, there has been an immense change in the market dynamics. Several regions have been affected due to the pandemic. We will provide COVID-19 impact analysis with the report.
Key Players
The forefront players of the global Fitness App Market are Asics Corporation (Japan), Samsung Electronics Co., Ltd (South Korea), Google LLC (US), TomTom International BV (The Netherlands), Nike, Inc. (the US), Lenovo Group Limited (China), Adidas AG (Germany), Wahoo Fitness (US), Under Armour, Inc. (US), Azumio Inc. (US), and Grand Apps (US).
Market Segmentation
The Global Fitness App Market can be segregated on the basis of platform, deployment, type, and region.
On the basis of the platform, the global fitness app market can be segregated into smartphones, Wearable Devices, and Tablets.
On the basis of deployment, the global fitness app market can be segregated into Windows, Android, and Ios.
On the basis of type, the global fitness app market can be segregated into Activity tracking apps, Workout and exercise apps, and Nutrition Apps.
On the basis of region, the global fitness app market can be segregated into Asia Pacific, North America, Europe, and the Rest of the World (RoW).
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Regional Analysis
The geographical analysis of Asia Pacific, North America, Europe, and the Rest of the World (RoW) has been conducted. As per the analysis, the North American region dominates the global market. North America also acquired the largest market share in 2019, with a market value of approximately USD 16.82 billion. As per the analysis, the regional market is estimated to record a CAGR of 28.35% during the review period. The increasing demand for wearable devices such as smart rings, smartwatches, and smart bands is a primary reason for market expansion in the region. Besides, the increasing inclination of people towards being fit and healthy and the growing penetration of smartphones is another significant reason for market expansion.
on the other hand, the Asia-Pacific region is estimated to record the highest CAGR of 33.46% during the forecast period. The increasing inclination towards living a healthy life has played a major role in expanding the market in the region. Besides, the demand for better healthcare across the countries in the region is another factor that is likely to expand the APAC market and will make the APAC region as the fastest-growing region in the market. In addition to it, the increased disposable income is another reason which is driving the fitness app market in the APAC region.
However, due to the outbreak of pandemic coronavirus, several regions have been affected. The dynamics of the market are changed significantly.
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Global Freight Management Market 2020-2023 - Sales Revenue, Grow Pricing and Industry Growth Analysis
Market Synopsis
The data experts at Market Research Future Reports (MRFR) have analyzed and concluded that the global freight management market is predicted to value USD 18.63 billion, thriving at a CAGR of 9.4% by the end of 2025. The increasing global trade is estimated to be the most significant factor driving the global freight management market 2020. In addition, the increasing demand for supply chain visibility is projected to be another pivotal reason for market growth. The green freight provides real-world efficiency and is environmentally conscious, which is likely to propel the market. Besides, the adoption of technologies such as big data analytics and cloud computing is projected to bring several opportunities for market expansion. The usage of freight management systems helps in enhancing the efficiency and the streamlining supply chain. Moreover, it helps in saving time and the extra expenses owing to the transparency in operations offered by freight management systems.
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However, the crowded trade routes can impede market growth. Also, the spread of COVID-19 has influenced the global freight management market dynamics. The regional market dynamics have been affected substantially. The data experts at MRFR are analyzing the aftermath of coronavirus on the worldwide market. We will provide impact analysis report.
Key Players
The market players of the global freight management system market are Freightview (the US), Mcleod Software (the US), Freight Management (the US), Logisuite (the US), Linbis (the US), Dreamorbit (India), Oracle Corporation (the US), Descartes (Canada), Werner Enterprises (the US), SAP (Germany), MercuryGate (the US), Accenture (Ireland), Ceva Logistics (Spain), UPS (the US), and JDA Software (the US).
Market Segmentation
The global freight management market can be segmented on the basis of transportation mode, component, end-user, and geography.
On the basis of transportation mode, the global freight management market can be classified into ocean freight, road freight, air freight, and rail freight. The ocean freight segment is estimated to record the fastest growth rate.
On the basis of component, the global freight management market can be classified into solutions and services.
On the basis of end-user, the global freight management market can be classified into shippers, forwarders, third-party logistics, brokers, and carriers.
On the basis of geography, the global freight management market can be classified into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.
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Regional Analysis
A thorough evaluation of Asia-Pacific, North America, Europe, the Middle East & Africa, and South America has been carried out. The market is estimated to expand exponentially during the review period. According to the study, the global market is estimated to be led by North America. North America holds the largest market share. The most significant reason for North America excelling is the massive investment in freight automation. Besides, the presence of established key players in the region is another pivotal factor leading to market growth. Moreover, the region is well-developed and adopts innovative technology at a fast pace. Europe attains the second position. Among all nations, the UK is expected to make the most significant contribution during the forecast period. The US is likely to acquire the largest market share. The second and third position is attained by Germany and France, respectively. The rapid growth in global trade and the demand to regulate the time-in-transit is predicted to expand the regional market. The APAC region is estimated to expand significantly during the forecast period. The developing economies of the region are estimated to make a substantial contribution to expanding the market.
However, market dynamics are likely to affect the global freight management market.
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Breach And Attack Simulation Market Analytical Overview, Growth Factors, Demand and Trends Forecast Report till 2023
Breach and Attack Simulation Market -Overview
The uptick in organizational breaches is predicted to bolster the breach and attack simulation market 2020. The IT security reports are made by Market Research Future, which includes market options for progress. A productive CAGR of 41.39% is estimated to lead to revenues worth USD 1,109.5 Million by 2025.
The escalation in focus on security investments is estimated to increasingly favour the breach and attack simulation market in the approaching period. Moreover, the need for managing regulations and compliance prerequisites is predicted to steer the breach and attack simulation market.
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Segmental Analysis
The segmental study of the breach and attack simulation market has been segmented on the basis of application, end-user, component, and region. Based on the application, the breach and attack simulation market has been segmented into patch management, threat intelligence, configuration management, and others. The component-based segmentation of the breach and attack simulation market has been bifurcated into tools/platforms and services. On the basis of end-users, the breach & attack simulation market has been segmented into enterprises, managed service providers, and data centres. Based on the region, the breach and attack simulation market has been segmented into Europe, Africa, Asia Pacific, the Middle East, North America, and South America.
Detailed Regional Analysis
The regional review of the breach and attack simulation market has been conducted based on Europe, Africa, Asia Pacific, the Middle East North America, and South America. The North America region currently dominates the market owing to the key players in the market. They are investing greatly in the research and development activities to progress breach and attack simulation platforms with cutting-edge skills for growing network security to prevent cyberattacks. The European market for breach and attack simulation is also anticipated to have a significant stake in the market owing to an upsurge in IT and cybersecurity expenditure by the administrations in the region to support their network security. The developing demand for an evolving number of startups concentrating on mounting tools for breach and attack simulation and cloud-based service are the aspects motivating the breach and attack simulation market progress in the region. The rest of the world segment is also anticipated to grow at an extensive rate throughout the forecast period due to the intensifying demand for the establishment of enterprise network against cybersecurity attacks and breaches.
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Competitive Analysis
The trends prevalent in the market are contributing substantially to the market’s progress. The market contenders are estimated to support the growth enabling factors and thus are estimated to pull the market out of the depression due to the ongoing global pandemic. The focus on accelerating growth is estimated to take the main stage in the forecast period. The need to effectively engage customers in all of their geographical markets is estimated to help the market overcome the hindrances being faced currently. The market is predicted to guide its future growth with the inclusion of a balance of innovation and continual product enhancement. Besides, the need to ensure that the long-term sustainable growth goals are not comprised due to the current difficulties is foreseen to be extremely important for the market stakeholders. The need to establish a unique advantage in the market is reviewed to have a substantial influence on the global market.
The eminent contenders in the breach and attack simulation market are Pcysys (Israel), Verodin, a part of FireEye (US), Skybox Security, Inc. (the US), XM Cyber (Israel), Qualys, Inc. (the US), MazeBolt Technologies (Israel), Scythe (US), DXC Technology Company (US), SafeBreach Inc. (US), Cymulate (US), FireMon, LLC (US), NopSec (US), Threatcare (US), AttackIQ, Inc. (the US), and Cronus Cyber Technologies (Israel).
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Blockchain IoT Market Segmentation & Market Analysis Research Report 2020
Market Synopsis
According to MRFR, the Global Blockchain IoT Market 2020 was valued at USD 124.58 Million in 2019 and is projected to record a CAGR of 93.4% during the forecast period.
Key Dashboard
The major players in the Global Blockchain IoT Market are Amazon.com, Inc. (the US), IBM Corporation (US), Intel Corporation (US), Microsoft Corporation (US), Cisco Systems (US), R3 (US), Chronicled (US), Filament (Nevada), Ethereum Foundation (Switzerland), KrypC (India), The Linux Foundation (US), ArcTouch (US), Filament (Nevada).
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Market highlights
Adoption of the Internet of Things ( IoT) has increased the adoption of diverse advanced technologies such as edge computing, artificial intelligence, cloud computing, and blockchain. Blockchain provides the IoT networks, apps and applications with a decentralized and scalable environment and allows the connected devices to enhance ecosystem security. The IoT provides the various companies with a wide range of opportunities to conduct their operations smartly, and blockchain has immense potential for various industries including BFSI, automotive, manufacturing, and healthcare. The IoT and blockchain combination has allowed end-users to make their systems efficient. The main driving factors for the growth of the blockchain IoT market are IoT 's increasing adoption and the need to improve operational efficiency. Factors expected to generate substantial opportunities for players operating in the market during the forecast period are a growing number of government initiatives for the adoption of blockchain IoT worldwide and its increasing usage in the construction sector. Nonetheless, high processing power and time demands and higher latency with a rise in node numbers are estimated to impede market growth over the forecast period.
Market Segmentation
The Global Blockchain IoT Market has been analyzed based on End User, Application, Offering, and Region.
Based on the Offering, the global blockchain IoT market has been divided into software, hardware, and services.
Based on the Application, the global blockchain IoT market has been segmented into smart homes, data sharing, data security, asset tracking & management, smart contracts, and others.
On the basis of the End User, the global blockchain IoT market has been segmented into the supply chain and logistics, retail, automotive, construction, manufacturing, government, healthcare, energy and utility, and others
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Regional Analysis
The global blockchain IoT industry geographic study was carried out for North America, Europe, Asia-Pacific, Middle East & Africa and South America.
Owing to the early adopters of emerging technologies such as IoT and blockchain, North America has the largest market share. The North American market was further split into the US, Canada, and Mexico. The United States accounted for a considerable share of the market, followed by Canada and Mexico.
Due to the adoption of IoT technology across various industry verticals, Asia-Pacific is expected to be the fastest-growing regional market during the review period. Europe is projected to be the world's second-largest blockchain IoT market in the predicted time span. The market is expected to grow at a rapid pace in countries like the UK and Germany in the coming few years.
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Augmented Intelligence Market 2023: Market Trends, Emerging Opportunities and Key Vendors
Market Scope
The augmented intelligence market 2020 seems to be on an unstoppable trajectory as it can likely record an astounding CAGR of 35.8% between 2019 and 2025 (evaluation period), says Market Research Future (MRFR). We will provide COVID-19 impact analysis with the report, along with the key developments that happened following the coronavirus disease outbreak.
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Top Drivers and Key Restraints
Augmented intelligence/AI in the healthcare industry is now largely considered to be a critical approach that helps with the detection of various diseases and also reach accurate clinical diagnosis. The latest COVID-19 outbreak has boosted the need for AI for predicting outbreaks. While expert health officials are highly important components of healthcare, AI is progressively being implemented to compile the constantly changing information to aid the health experts in reaching tough decisions. Since the advent of SARS-CoV-2, collecting news media, social media, health reports, and disparate information has become quite daunting, which calls for the use of augmented intelligence.
Since the beginning of the novel coronavirus, AI has been extensively used in treatment records to facilitate better treatment regimens and also easily adopt effective approaches in the healthcare industry. Since the lockdown imposed across countries by the government, AI has helped in fast detection of containment within a few regions in real-time and in an accurate manner. Therefore, the AI-based techniques are increasingly being adopted to detect epidemiologic risks quickly in order to improve the prevention, detection and prediction of unexpected worldwide health risks.
The augmented intelligence market growth seems promising as the need to analyze massive unstructured data volumes among enterprises has risen considerably over the years. Besides, the increasing spending on R&D by renowned vendors and the high adopt rate of augmented intelligence solutions among these vendors can also boost the industry growth. Acquisitions and mergers seem to be the most preferred growth strategies that are being adopted by many of the players, which can work in the market’s favor. Various authorities across the globe are coming together in the fight against the pandemic, by leveraging augmented intelligence’s advanced abilities.
In July 2020, HAI/ Human-Centered Artificial Intelligence came together with UNESCO as well as the Patrick J. McGovern Foundation to create CAIAC/Collective and Augmented Intelligence Against COVID-19. An advisory group is expected to be established, which will cater to the experts from global organizations, such as UN Global Pulse, UNESCO, and various UN entities. CAIAC will focus on the rapidly growing collection of global social, economic and health data related to the COVID-19 impact so that that the decision-makers are able to confidently decide on their next action.
Market Segmentation
The augmented intelligence industry has been extensively covered in the MRFR report, while considering the key segments such as offering, technology and end-use industry.
Depending on offering, the key market segments can be hardware, services and software. The hardware types are memory, network and processors, while the software types in the report are AI platforms as well as AI solutions. The services-based categories are support & maintenance along with deployment & integration.
Technology-wise market sections are natural language processing, machine learning, computer vision and context-aware computing. In the years ahead, it is expected that natural language processing can be the leading segment as it is able to analyze natural language interactions. Machine learning and machine vision can be the next leading segments in the market.
The key end-users in the industry are manufacturing, fintech, agriculture, healthcare, human resources, retail, automotive, and others. Between these, the lead can be taken by the healthcare segment while the BFSI segment can procure the second position over the appraisal period.
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Regional Outlook
The augmented intelligence market can be regionally categorized as North America, Asia Pacific/APAC, Middle East & Africa/MEA, South America and Europe.
North America is believed to be the biggest gainer in the coming years, with highest share in the augmented intelligence market. As the region houses a massive number of large along with small and medium enterprises, which are increasingly adopting AI, the market has the chances of becoming extremely lucrative. The rapid uptake of integrated cloud platform along with the new business models emerging in the market can also be some of the important growth inducers. The quick adoption rate of big data analytics and the escalating demand for smart virtual assistants are also bound to quicken the market growth speed in the years to come.
With the fastest CAGR, the APAC market can benefit immensely from the growing IT infrastructure and the established manufacturing sector in China and India. The rising use of profound learning along with NLP technologies in marketing, finance, law and agriculture applications could also add to the market strength in the region.
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IPS Displays Market by Company Profile, Product Specifications, Capacity, Production Value and Forecast 2023
According to Market Research Future (MRFR), the global IPS displays market is estimated to reach USD 74.87 billion, with a CAGR of 6.40% from 2019 to 2025 (forecast period). The report describes the strengths, opportunities, threats, and emerging market risks and offers a comprehensive overview of the global business environment with the effect of COVID-19.
IPS is a type of LED display panel technology that is part of the LCD panel technology. Professionals typically use the IPS panel displays due to their high cost and various advantages provided by the IPS panel; for example, they provide wider viewing angles to the user, provide a quicker response, and provide better color/contrast compared to the various vertical alignment (VA) and nematic twisted (TN) panels. These panels have been designed to address the limitations of the TN panel. One of the key benefits of IPS panels is that the colors on the IPS monitor do not change when viewed from a different angle compared to the TN panels. Technological advancements have made it possible for manufacturers to design these display panels in such a way that they can embrace professional color space technologies; this is a crucial factor driving the demand across the globe.
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Key Players
MRFR recognizes the key participants in the Global IPS Displays Market as AU Optronics (Taiwan), Acer Inc. (Taiwan), Lenovo Group Limited (China), WINSTAR Display Co., Ltd. (Taiwan), Panasonic Corporation (Japan), LG Display (South Korea), Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Japan Display (Japan), AsusTek Computer Inc. (Taiwan), Dell (US), among others.
Prominent players continue to innovate and invest in research and development in order to deliver a cost-effective product portfolio. Recent mergers and acquisitions between market players have taken place, a strategy that business companies use to improve their access to customers.
Market Dynamics
Increasing disposable income around the globe is one of the key factors driving the market growth. In addition, professionals such as CAD engineers, pro photographers, graphic designers, and video editors benefit from IPS displays due to their improved contrast, speed, and resolution. These displays are used in mid-range to high-range smartphones due to their high production costs. Apple Inc. also uses these displays in their smartphones because of its advantages over the TN panels.
Market Segmentation
The global market for IPS displays has been segmented based on type and application.
Based on type, the global market for IPS displays has been segmented into AH-IPS, e-IPS, and others.
Based on application, the global market for IPS displays has been segmented into smartphone & tablet, TVs, PCs, and others.
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Regional Analysis
By region, the global market for IPS displays has been segmented into North America, Europe, Asia Pacific, and the rest of the world.
Asia Pacific captured the largest market share in 2018 due to the existence of various manufacturing companies providing IPS display panels of varying sizes depending on their applications. Growing urbanization and rising disposable income among users in the region are key factors driving the demand for IPS displays. Moreover, the growing population and demand for smartphones and tablets are also boosting the growth of the industry—companies like AU Optronics, Acer Inc. Lenovo Group Limited, WINSTAR Display Co., Ltd, and LG Display are some of the leading manufacturers in the region who are steadily investing in the development of new technologies linked to IPS display panels. China held the largest share of the region in 2018 due to the growing population and rising demand for better picture and color quality, which is considered the driving force behind the growth of the market. However, during the forecast period, India is expected to be the fastest-growing country-level market due to evolving consumer preferences based on color and resolution.
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Electronic Packaging Market Trends, Strategy, Applications Analysis, Demand, Revenue and Growth by Forecast 2020 to 2023
microcomponents in a single enclosure. Design and manufacturing activities for fabrication of components and devices in the consumer electronics industry has warranted its need for its protection. The global electronic packaging market report by Market Research Future (MRFR) comprises drivers, challenges, trends, and opportunities for the period of 2019 to 2025 (forecast period). The COVID-19 pandemic and its impact on the industry are highlighted in the report.
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Competitive Outlook
Major electronic packaging companies profiled are Sealed Air Corporation, DuPont de Nemours, Inc., Quality Foam Packaging Inc., UFP Technologies, Inc., Dordan Manufacturing Company, Kiva Container Corporation, STMicroelectronics NV, Primex Design & Fabrication, Plastiform Inc., The Box Co-Op, GY Packaging, Intel Corporation, AMETEK Inc., Samsung Electronics Corporation Ltd, AMS AG, Taiwan Semiconductor Manufacturing Co. Ltd., and Xilinx Inc.
Market Scope
The global electronic packaging market is estimated to reach USD 2254.49 million by 2025, registering a CAGR of 16.10% during the forecast period. Huge demand for consumer electronics can be the primary driver of the market. The penetration of smart devices has induced the need for electronic packaging of integrated circuits and wafers of nano sizes to cater to a large consumer base. The advances in internet of things (IoT) and wireless devices can facilitate market growth over the forecast period.
Integration of product functions or features into a single package can influence the market to a great extent. This is exemplified by the constant updates on smartphones which enhance its features significantly. Furthermore, updates in network communication technologies such as 5G pave open the path for more opportunities. Rise in autonomous vehicles can be a significant trendsetter for the industry in the coming years.
But the change in materials and modeling of next-generation consumer electronic devices can pose a challenge to the market growth.
Segmentation
The global electronic packaging market has been segmented by material, packaging technology, and end-user.
By material, the market has been segmented into glass, plastic, metal, and others.
By packaging technology, the market has been segmented into chip-scale packages (CSP), through-hole mounting, and surface surface-mount technology (SMD).
By end user, the market has been segmented into telecommunication, consumer electronics, aerospace & defense, automotive, and others.
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Regional Analysis
By region, the market has been segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
According to MRFR analysis, APAC dominated the market in 2018 and is expected to continue during the forecast period due to the rising demand for consumer electronics across the region. Moreover, the presence of various electronic packaging companies such as Samsung Electronics Corporation Ltd and Taiwan Semiconductor Manufacturing Co. Ltd offering material and technology can further propel the growth of the market in the region. The growing population and increasing disposable income levels of citizens in the region can influence demand for electronic packaging. Additionally, a key market driver for the region is its dominance in the production of semiconductor devices globally. Major players in the semiconductor packaging market have manufacturing facilities in the region which accelerated the production and commoditization process. China led in the region followed by India. Furthermore, government-backed initiatives and investments for promoting the cutting-edge technology and developing semiconductor packaging solutions further help to drive the market.
North America can occupy a significant market share owing to the proliferation of new communication technologies and large defense expenditure of prominent nations such as the U.S. and Canada. The use of drones, guided missiles, and satellites contain integrate circuits which beckon the use of electronics packaging. The ability to withstand harsh environments can drive its demand in the region.
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Automation Control Components And Devices Market 2020 Insights by Leading Companies and Emerging Technologies till 2023
Market Analysis
The global automation control components and devices market is predicted to touch USD 87.75 billion at a 10.8% CAGR between 2019- 2025 states the recent Market Research Future (MRFR) analysis. The automation and control components and devices systems, simply put, are used for controlling, monitoring, and performing different industrial issues and automating processes with reliability, high precision, and better product quality. Connectors, couplers/relays, switches, among others, are the different types of automation control components and devices that are widely used in government, aerospace, and aviation, military defense, mining and metals, electronics and semiconductor, oil and gas, energy and power, automotive, and manufacturing.
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Various factors are propelling the global automation control components and devices industry share. As per the current MRFR report, such factors include the growing need to use better technology equipment for better results, products made with automation offer better quality, decreased operational cost, increase profit margin of products on a larger scale, and increasing adoption by organizations from different industries due to rising focus to attain energy efficiency in the manufacturing process.
On the contrary, the current COVID-19 impact may limit the global automation control components and devices market growth over the forecast period.
Key Players
Industry players profiled in the automation control components and devices market report include Siemens AG, Rockwell Automation, Honeywell International Inc., Encoder Products Company Inc, Baumer Ltd, Delta Electronics, LUTZE Group, ABB Limited, Phoenix Contact, Control Components Inc, Schneider Electric SE, Panasonic Corporation, and Omron Corporation, among others.
Market Segmentation
The MRFR provides an inclusive segmental analysis of the global automation control components and devices market based on applications & type.
By type, the global automation control components and devices market is segmented into connectors (active optical connector, FPC/FFC connector, high current stacking connector, board to board narrow pitch connector, board to FPC narrow pitch connector, and automotive connector), couplers/relays (automotive relays, interface terminals, safety relays, signal relays, power relays, control panel relays, solid-state relays, and photo IC couplers), switches (light-touch switches, limit switches, seal type switches, snap switches, push switches, fall detection switches, and interlock switches), and others (PIR motion sensors, force-sensing capacitive device, and encoders/potentiometers).
By application, the global automation control components and devices market is segmented into government, aerospace and aviation, military defense, mining and metals, electronics and semiconductor, oil and gas, energy and power, automotive, and manufacturing.
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Regional Analysis
Based on region, the global automation control components and devices market report covers the recent trends and growth opportunities across North America, the Asia Pacific (APAC), Europe, & the Rest of the World (RoW). Of these, North America will have the lions share in the market over the forecast period. Increasing adoption of digital technologies to reduce the cost of production, the presence of major manufacturers in the region such as Omron & Panasonic, and increasing use of automation components especially in the metal & mining and oil & gas industry are adding to the global automation control components and devices market growth in the region. Such factors have impacted the manufacturers' manufacturing capacity profoundly in the region that is impacting the market growth.
The global automation control components and devices market in Europe is predicted to hold the second-largest share over the forecast period. Growing demand for automation control components and devices in the manufacturing and automotive industry and top manufacturers laying emphasis on collaborations and mergers with other industry players to launch advanced automated products in the near future are vital factors which are adding to the global automation control components and devices market growth in the region.
The global automation control components and devices market in the APAC region is predicted to grow at a high CAGR, and that in the RoW is predicted to have sound growth over the forecast period.
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Mass Flow Controller Market 2020 Comprehensive Research Study and Strong Growth in Future 2023
from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The global mass flow controller market is expected to reach a valuation of USD 2.2 billion by 2023. The report presents a comprehensive evaluation of the global mass flow controller market to the readers, including a detailed look at the market’s historical growth figures, current statistics, and future growth prospects. The leading drivers and restraints affecting the global mass flow controller market are profiled in detail in the report. The major players operating in the global mass flow controller market are also profiled in detail in the report.
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Mass flow controllers are used to control the flow volumes of gases in various industries, including chemical, oil and gas, water and wastewater treatment, and others. The growing demand for low flow rate mass controllers in various industrial applications in these industries is a key trend in the global mass flow controller market. The growing chemicals industry is likely to be a major driver for the global mass flow controller market over the forecast period. The chemicals industry has grown spectacularly in the last few years due to the growing demand for various industrial raw materials. Chemicals such as acids and others have come in great demand over the last few years, as a result of the growing industrialization in emerging economies. This is likely to be a major driver for the global mass flow controller market over the forecast period. Growing private investment in the chemicals industry is also likely to be a major driver for the mass flow controller market over the forecast period.
The growing oil and gas industry is also likely to be a major driver for the global mass flow controller market. The growing global demand for energy has been a major driving factor for the oil and gas industry over the last few years. This has driven the demand for components that can help the industry refine its operations. This has been a major driver for the global mass flow controller market. The growing oil and gas industry is likely to remain an important driver for the mass flow controller market over the forecast period due to the shale gas boom in North America. The growing demand for LNG is likely to be a major driver for the mass flow controller market over the forecast period.
Competitive Leaderboard:
Leading players in the global mass flow controller market include MKS, Sierra, Alicat Scientific, Sensirion, HORIBA, Teledyne Hastings, Burkert, Brooks, and Bronkhorst.
In November 2017, Major Science launched Winpact mass flow controller, which can be integrated with fermenters or bioreactors.
In September 2017, FC Technik designed a new generation of thermal mass flow controller. The new flox [on] B has a new and economical design, an optimized high performance micro controller, and a micro USB port that allows the operation of the flox [on] with a PC.
In August 2017, Alicat Scientific integrated its MCE mass flow controller into MDC Vacuum Products’ XpressStick MFC Gas Stick. This product links the pressurized gas inputs to vacuum chambers.
In March 2016, Bronkhorst announced that its FLOW-SMS system can be connected to a PROFIBUS-DP fieldbus based system using just one single interface.
Segmentation:
The global mass flow controller market is segmented on the basis of connection type, flow measurement, material type, connectivity technology, application, and region.
On the basis of connection type, the global mass flow controller market is segmented into direct and indirect.
On the basis of flow measurement, the global mass flow controller market is segmented into low, medium, and high.
On the basis of material type, the global mass flow controller market is segmented into stainless steel and exotic alloys.
On the basis of connectivity technology, the market for mass flow controller is segmented into analog, Profibus, RS-485, Ethercat, Modbus TCPIP, and others.
On the basis of application, the global mass flow controller market is segmented into chemicals, petroleum, semiconductor, food and beverage, oil and gas, water and wastewater treatment, and others.
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Regional Analysis:
Asia Pacific holds the largest share of the global mass flow controller market due to the growing presence of the chemicals, oil and gas, and semiconductor industries in the region. The mass flow controller market in China, India, and Japan is expected to exhibit the most promising growth over the forecast period.
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IoT Node and Gateway Market Future Trends, Opportunities and Strong Growth in Future 2023
Overview:
The global IoT node and gateway market report predicts a surpassing of USD 17 billion by 2023 and it would gain a CAGR of 29% during the forecast period of 2018 to 2023. Market Research Future (MRFR) revealed that factors like advanced technology implementation to ensure improved communication network, compactness of sensors, better internet network, and the rising demand for sensors in biometric applications, and others are going to trigger better growth for the IoT node and gateway market.
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Segmentation:
The global market report on the IOT node and gateway market has been studied on the basis of segments that include components and end-user. MRFR analysts included various charts, graphs, and others to increase the credibility of the global market.
By components, the global market report includes a study of the IoT node and gateway market that includes hardware, sensor, wireless, connectivity IC, and a memory device. The hardware segment includes Processor, Microcontroller (MCU), Microprocessor (MPU), Digital Signal Processor (DSP), and Application Processor (AP). The sensor segment has been studied by blood glucose sensor, temperature sensor, humidity sensor, blood oxygen sensor, Electrocardiogram (ECG) sensor, flow sensor, level sensor, image sensor, ambient light sensor, motion and position sensor, chemical sensor, carbon monoxide sensor, camera module, and others. The connectivity IC segment includes wired, Modbus, PROFINET, and Foundation Fieldbus (FF). The wireless segment incorporates a study of Bluetooth/WLAN, ZigBee, Ant+, Bluetooth, Bluetooth Smart/Bluetooth Low Energy (BLE), Near Field Communication (NFC), Wireless Fidelity (Wi-Fi), Wireless Highway Addressable Remote Transducer Protocol (WHART), Cellular Network, Navigation Satellite System (GNSS) Module, GPS/Global, ISA100, and others. The memory device segment comprises a study of On-chip memory and Off-chip memory/external memory.
By end user, the global report studies the market of IoT node and gateway segments like
IT & Telecommunication, BFSI, consumer electronics, healthcare, wearable devices, agriculture, aerospace & defense, building & automation, and others.
Regional Analysis:
North America has the lead of the global market and is expected to continue its dominance during the forecast period. High integration of technologies and the flow of investment capacity are expected to bolster the regional market growth.
Competitive Landscape:
Texas Instruments Incorporated (U.S.), Intel Corporation (U.S.), NXP Semiconductor N.V. (Netherlands), Hewlett Packard Enterprise Co. (U.S.), Adlink Components Inc. (Taiwan), Cisco Systems Inc. (U.S.), Advantech Co., Ltd. (Taiwan), Stmicroelectronics N.V. (Switzerland), Aaeon Components Inc. (Taiwan), Eurotech S.P.A (Italy), and others.
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Industry News:
In August 2020, DigiCert, Inc., an eminent name in the field of TLS/SSL, IoT and other PKI solutions, announced the launching of its new DigiCert Automation Gateway. Automation Gateway comes with an integration of it into DigiCert CertCentral® in Q4. This new automation has a specific design that would boost the adoption of a renewal, automated certificate issuance, reissuance, and revocation by managing some of the common concerns, along with the proper existing offerings. Automation Gateway will allow organizations enough confidence to deploy automation protocols that would inspire the company networks to ensure greater agility.
In July 2020, researchers from a South Korean state research institute, along with the American system of higher education in the United States, developed an Internet of Things gateway that will help in the expansion of mega-sized IoT networks where the application of energy-harvesting technology would play a crucial role.
The IoT gateway is known for being a tool that collects data from IoT devices like sensors and beacons. This will help in creating a IoT network that influences a proper connection of devices. This IoT gateway device applies a backscattering technology to collect energy and it does not involve the need of power source.
The COVID-19 pandemic is inspiring the creation of a system that would include automation and companies are expected to initiate such changes to make sure that their production process benefits more.
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Equipment Monitoring Market 2020- with Best Scope and Growth on Market Attractiveness, Competitive Landscape and Forecasts to 2023
Market Overview
Global equipment monitoring market is anticipated to exhibit 6.53% CAGR between 2018 and 2023.
Global Equipment Monitoring Market to Surpass USD 4 Bn by 2023 report Market Research Future (MRFR). The market is likely to surpass a valuation of USD 4 Bn by the year 2023 up from USD 3.01 Bn. Equipment monitoring systems have continued to evolve over the years and are likely to undergo further transformation in the future.
Incessant technological advances have led to development of highly effective monitoring systems. Manufacturers are introducing systems that are not only accurate but cost-effective. At the same time, integration of wireless technology has made them more dynamic. Such factors are having a positive influence on the global equipment monitoring market.
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Global Equipment Monitoring Market: Segmental Analysis
The segmental analysis of the market has been conducted based on deployment type, monitoring type, and end-user.
Based on deployment, the market has been segmented into cloud and on-premise. The later currently accounts for a higher market share and this trend is likely to continue throughout the assessment period. This is mainly owing to the capability of on-premise equipment monitoring to provide accurate data in real-time.
Based on monitoring type, the market has been segmented into thermal monitoring, corrosion monitoring, noise & alarm monitoring, motor current monitoring, vibration monitoring, GPS monitoring, and lubrication monitoring. The vibration monitoring segment currently accounts for the lion’s share of the market in terms of value. Vibration sensors and wireless systems are cost effective and highly efficient, which characterises their high preference.
Based on end-user, the market has been segmented into power, aerospace & defense, food & beverages, chemicals, automotive, metals & mining, oil & gas and others. The oil & gas segment is projected to retain its dominant position throughout the assessment period. Equipment monitoring has become key section in the oil & gas industry. The critical need for continuous monitoring of oil pipe, tanks and others equipment is driving the demand for equipment monitoring systems.
Global Equipment Monitoring Market: Competition Analysis
Some of the leading companies mentioned in MRFR’s report include Emerson Electric Co. (US), Honeywell International Inc. (US), Rockwell Automation Inc. (US), FLIR Systems (US), Fluke Corporation (US), General Electric Company (US), National Instruments Corporation (US), Brüel & Kjaer Vibro GmbH (Germany), Meggitt PLC (UK), and Schneider Electric SE (France). Market players are implanting strategies to gain a competitive edge. Many companies are aggressively engaging in merger and acquisition activities in order to expands their global presence and diversify product portfolio. Also, investment in research & development programs has also increased as more and more companies strive to stay ahead of the curve.
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Global Equipment Monitoring Market: Regional Analysis
Key regions analysed in the report include Europe, Asia Pacific (APAC), North America, Latin America, and the Middle East & Africa (MEA). The dominance of North America in the global equipment monitoring market is expected to prevail throughout the assessment period. This mainly due to presence suitable infrastructure that supports a quick integration. The strong infrastructure network creates favourable business climate for market players. Faster adoption of advanced equipment monitoring systems in countries such as the U.S. and Canada continue to provide an impetus to the market. Moreover, the region is home to some of the leading market players which puts North America in an advantageous position. Integration of cloud computing technologies in equipment monitoring system is opening new windows of opportunities. It is projected that the end-use verticals in the region will continue to present lucrative opportunities to market players during the forecast period. American Companies like Honeywell International Inc., Emerson Electric Co., Rockwell Automation Inc., Fluke Corporation, National Instruments Corporation, FLIR Systems and General Electric Company continue to strive for a higher share of the market in the region.
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Digital Transformation Market 2020–By Identifying the Key Market Segments Poised for Strong Growth in Future 2023
The global digital transformation market is expected to exhibit a robust 18.87% CAGR over the forecast period, according to the latest research report from Market Research Future (MRFR). The global digital transformation market was valued at USD 250.65 billion in 2018 and is expected to reach a valuation of USD 817.05 billion by 2025, according to the report. The report presents a detailed analysis of the global digital transformation market by profiling the market’s historical growth trajectory. The current statistics of the global digital transformation market are also analyzed in the report. This gives analysts a solid base for making studied projections for the market’s future over the forecast period. The major players operating in the global digital transformation market are also profiled in the report. The impact of the COVID-19 pandemic on the global digital transformation market is also assessed in the report.
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Digital transformation is the process of making enterprise activities and products suitable for the digital age. The increasing use of mobile phones and web-based channels for purchasing and communicating has made digital transformation necessary for enterprises in a wide range of end use sectors. Due to the easy availability of cheap mobile phones, even consumers in emerging areas now own cell phones. This has led to massive digitalization of resources from various enterprises. The increasing demand for digital communication, in particular, is likely to be a major driver for the global digital transformation market over the forecast period. Digital communication has become important for consumers as they can communicate conveniently from their smartphone. This has led to many enterprises spending significant amounts on IT resources to provide digital communication channels for their consumers.
The need to develop advanced communication and networking infrastructure in emerging regions is likely to be a major driver for the global digital transformation market over the forecast period. Many governments in emerging regions are spending considerable amounts on updating telecom infrastructure and constructing new, digital-ready infrastructure. This is likely to be a major driver for the global digital transformation market over the forecast period. The increasing deployment of 5G communication channels and the increasing demand for high-speed broadband from consumers in emerging countries is likely to remain a major driver for the global digital transformation market over the forecast period.
Competitive Leaderboard:
Leading players in the global digital transformation market include HCL Technologies, Salesforce.com Inc., Rockwell Automation Inc., CA Technologies, Equinix Inc., Marlabs, Cognizant, Hewlett Packard Enterprise, Tibco Software Inc., Oracle Corporation, Cisco Systems Inc., Accenture plc, Dell EMC, Google, SAP SE, Microsoft Corporation, and IBM Corporation.
In December 2019, KPMG and Microsoft signed a five-year agreement. As part of this agreement, KPMG is going to transform its workplace with digital solutions provided by Microsoft such as its 365 suite of cloud-based solutions.
In December 2019, Rockwell automation introduced its first digital transformation experience center in Gurgaon, India. This center is integrated with key technology platforms for IT-OT convergence and is all set to provide consulting services to its customers for technology platforms such as network cybersecurity, industrial data center, machine learning, augmented reality, and virtual reality.
In November 2019, Microsoft Corporation and Nokia collaborated to integrate digital technology into their communication and network solutions.
In September 2019, Mahindra and Mahindra announced a partnership with Salesforce.com to incorporate digital technologies into its value chain which includes sales, service, and marketing departments.
Segmentation:
The global digital transformation market is segmented on the basis of technology, deployment, organization size, end use vertical, and region.
By technology, the global digital transformation market is segmented into cloud computing, big data and analytics, artificial intelligence, Internet of Things, blockchain, and others.
By deployment, the global digital transformation market is segmented into cloud and on-premise.
By organization size, the global digital transformation market is segmented into large enterprises and small and midsized enterprises.
By end use vertical, the global digital transformation market is segmented into BFSI, healthcare, IT and telecommunications, government, retail, education, media and entertainment, and others.
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Regional Analysis:
North America is the dominant regional market for digital transformation technologies and is likely to retain its position over the forecast period due to the growing demand for digital transformation technologies in the region and the presence of several leading players in the region.
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Application gateway Market 2020- Revenue, Price and Gross Margin Research Report 2020
Application gateway is a technology that provides additional security through firewalls and provides traffic for computers on a network. It is also known as application proxy or application-level proxy. It accepts requests from multiple domain sites and manages traffic to web applications. The global application gateway market report by Market Research Future (MRFR) contains invaluable insights and in-depth research on the industry and estimations for the period of 2019 to 2025 (forecast period). The impact of the COVID-19 pandemic and its effects on the market are noted.
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Competitive Outlook
Palo Alto Networks, Inc., SAP SE, Forcepoint, F5 Networks Inc, Akamai, Kemp Technologies, Inc., Microsoft Corporation, Orange S.A., Zscaler, Inc., Barracuda Networks, Citrix Systems, Inc, Aculab, Avi Networks, Snapt, and Imperva are key players of the global application gateway market.
Market Scope
The global application gateway market was valued at USD 1.65 billion in 2019 and is expected to register a CAGR of 11.2% during the forecast period.
Major drivers of the market are demand for secure networks, frequency of application-layer attacks, and security concerns among enterprises. The rise of small and medium enterprises owing to encouragement given by nations for boosting the economy and initiatives by governments for adapting to the growing digitization can bode well for the market. Security solutions for protection against phishing attacks and proliferation of employees employing mobile devices are expected to influence the market growth. Adoption of artificial intelligence, internet-of-things (IoT), and software-defined network architecture can lead to tougher encryptions on application gateways for protecting websites from malicious attacks.
Segmentation
The global application gateway market has been segmented by component, organization size, and vertical.
By component, the global application gateway market has been divided into solution and service. The service segment has been sub-segmented into integration and deployment, consulting, and support and maintenance.
Based on organization size, the global application gateway market has been divided into small- and medium-sized enterprises (SMEs) and large enterprises.
On the basis of vertical, the global application gateway market has been divided into healthcare, BFSI, manufacturing, IT & telecommunication, government, retail, and others. The BFSI segment is likely to generate revenues for the market owing to emergence of blue-chip companies, investments by venture capital firms, and growth of financial organizations. New facilities of internet banking, mobile banking, and smart banking can beckon a huge demand for application gateways.
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Regional Analysis
The global application gateway market has been analyzed for five regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America.
North America accounted for the largest market share due to the ever-rising number of cyber attacks and the increasing need for data security by the large and SMEs. The US leads the market in North America followed by Canada and Mexico due to the early adoption of latest technology, adherence to protocols and standards, and the growing need for effective management of IT risk and compliance monitoring.
Europe is expected to be the second-largest market during the review period. The rising proliferation of the Internet, reliance of customers on websites for information, and migration of enterprises to cloud-based infrastructure have increased the number of risks and increased the possibility of cyberattacks.
APAC is expected to be the fastest-growing regional market within the global application gateway market during the forecast period. The market is likely to thrive in countries of China and Japan are expected to increase at a fast pace in the coming years.
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Account Payable Market with Focus on Emerging Technologies, Regional Trends, Competitive Landscape, Regional Analysis & Forecasts to 2023
Account payable or accounts receivable software which streamlines the payment system of an enterprise and improves its efficiency. The technology allows enterprises to look at amounts due for payment and tracking of payments to vendors and suppliers to ensure negligible hiccups in the supply chain. The global account payable market report by Market Research Future (MRFR) takes a deeper look into various dynamic variables affecting the industry for the period of 2019 to 2025 (forecast period). The outbreak of the COVID-19 pandemic and its impact on the industry has been discussed in the report.
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Competition Outlook
Beanworks, Esker, AvidXchange, Comarch, SAP, Vanguard Systems, Zycus Inc., Invoicera, OSAS, Bottomline Technologies (de), Inc., Tipalti, Inc., FIS, Newgen Software Technologies Limited, SutiSoft, Inc., and Sage Group plc are key players of the global account payable market.
Market Scope
The global account payable market is expected to expand at 11.4% CAGR during the forecast period, to reach USD 3.63 billion in 2025.
The transition in the method of payments among enterprises, move towards digitization, automation of various processes, and rise of fraud and its impact are major drivers of the market. Rising payment of electronic transfers of payment and payment through credit cards can influence the global account payable market growth. This can be attributed to encryption of critical data in electronic payments and simplicity in transferring money through this method.
The rapid industrialization and investments of business-to-business (B2B) companies in account payable software to serve their clients can play a huge role in the global account payable industry.
Segmentation
The global account payable software market has been segmented by component, deployment, enterprise size, and vertical.
By component, the account payable market has been segmented into solutions and services. The services segment includes professional and managed services offered by solution providers; these services include training & consulting and support & maintenance. Among the two, the solution segment accounted for the largest share in the overall market in 2018. A large number of industry verticals are employing the software for management of their daily transactions, thus driving the segment growth.
Based on enterprise size, the account payable market has been segmented into small & medium enterprises and large enterprises. The small & medium enterprises segment is expected to register the highest CAGR during the forecast period.
Based on deployment, the account payable market has been segmented into on-premise and cloud-based segments. The cloud-based segment is expected to register a higher CAGR during the forecast period among the two.
Based on vertical, the account payable market has been segmented into manufacturing, IT and telecommunication, banking, financial services, and insurance (BFSI), retail & consumer goods, energy & utilities, healthcare, and others. The manufacturing vertical accounted for the largest share in the year 2018 and it is expected to account for the largest share in the forecast period as well. This can be attributed to encouragement of electronic payments by nations globally. On the other hand, the BFSI sector can account for a significant market share during the forecast period owing to replacement of paper invoices with digital ones.
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Regional Analysis
Geographically, the Global Account Payable Market has been segmented into Asia Pacific (APAC), North America, Europe, the Middle East & Africa (MEA), and South America.
North America leads the market in terms of market share in the account payable market. Factors driving the growth of the market include continuous investment and focus on account payable automation among enterprises of all sizes. The presence of various software providers in the region is another factor that has contributed a significant share in North America account payable software market in the year 2018.
Europe has the second position in the global account payable industry. According to MRFR analysis, the UK is expected to gain the highest market share, followed by Germany and France. The account payable market in this region is expected to grow due to the increasing demand for paperless account payable solutions and enterprise resource planning (ERP) integration with account payable software.
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Smart Home & Office Market by Manufacturers, Type and Application, Regions, Segmentation and Forecast to 2023
The global smart home and office market is getting traction from factors like the rising demand for comfort, energy-efficient systems, the inclusion of advanced technologies, hike in disposable income, security concerns, convenience, incorporation of 5G technologies, government support, and others. Market Research Future (MRFR) revealed that the smart home and office market could record a rise by 11.5% CAGR during the forecast period of 2019 to 2025 to scale valuation of USD 92.18 billion.
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Competitive Landscape:
Samsung Electronics Co. Ltd. (South Korea), ABB Group (South Korea), Siemens AG (Germany), Eaton Corporation PLC (Ireland), Lutron Electronics Co., Inc. (US), Sony Corporation (Japan), United Technologies Corporation (US), Johnson Controls International PLC (Ireland), Ingersoll-Rand PLC (Ireland), Legrand SA (France), Assa Abloy Group (Sweden), Gira Giersiepen GmbH & Co. KG (Germany), ADT (US), Crestron Electronics, Inc. (US), Schneider Electric SE (France), Robert Bosch GmbH (Germany), Hager Group (Germany), MDT Technologies GmbH (Germany), Honeywell International Inc. (US), and others are some prominent names involved in a tactical battle that boosts the market outcome.
Industry News:
In August 2020, Johnson Controls, a company that made its name as smart building technology and controls system provider, announced its acquisition of security technology company Qolsys. Qolsys is known for being a leading resident and commercial security technology provider to the Smart Home and Office market. The acquisition is a part of the company’s plan to establish its leadership position as a next-gen solution provides for security and smart building solutions. Johnson Control also declared the launching of a new digital platform of connected Smart Building solutions. This new product is called OpenBlue.
In August 2020, ZOOOK announced the launching of a new range of IoT-based smart home devices for the Indian market. This portfolio includes Smart Wi-Fi Plugs ZOOOK Clicker, and Sense and Shine.
The COVID-19 crisis has the potential to impact the market. The effects of this pandemic are manifesting gradually. In many countries, financial condition is getting worse. In such a scenario, the market may find itself in deep waters as people may prefer holding back their plans to invest.
Segmentation:
The global report on the smart home and office market includes a discussion on segments like product, standard, and end user.
By product, the market includes segments like lighting controls, access controls, surveillance products, HVAC controls, and other products. The lighting controls segment can be discussed on the basis of sensors, dimmers, relays, switches, and others. The access controls segment includes smart card readers, biometric readers, smart locks, and others. The surveillance products segment includes a study of storage and monitoring devices, security cameras, and others. The HVAC controls segment comprises sensors, control valves, smart thermostats, dampers, smart vents, actuators, and others. The ‘others’ segment comprises smart meters, smart smoke detectors, and others).
By standard, the global market includes a study of KNX, Z-Wave, Enocean, Bacnet, Dali, Infrared, Zigbee, and Wi-Fi. The Wi-fi segment is getting substantial traction as several operators are relying on this to increase their market reach.
By end user, the report on the global market studies segments like smart home and smart office. Both are sub-segmented on the basis of renovations and new constructions.
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Regional Analysis:
Investment capacity and structural support would help North America retain its dominating position. The smart home and office industry in the region will also benefit from the growing inclination towards a digitalized system.
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Visible Light Communication Market Analysis, Segmentation and Global Opportunities 2023
Market Synopsis
The global visible light communication market is projected to acquire a notable value, thriving at a significant CAGR during the review period from 2016 to 2022. The augmenting demand of the retails reliant indoor positioning market because of high traffic, and inefficient illumination is driving the global visible light communication market 2020. Also, the growing demand by the retailer to provide immediate offers to customers in the form of messages for the betterment of their shopping experience is another factor leading to market expansion. The report has also revealed that the growing investment in research and development of innovative products by the various renowned players like LVX Systems, General Electric Company, and others are estimated to bring an exceptional growth in the global visible communication market. Further, the application of technology is widely being used in various end-user segments which consist of wireless communication, efficient traffic regulation, home networking system, underwater communication, and powerline communication. Also, the magnifying usage of data on mobile phones through other wireless devices and shortage of the spectrum is estimated to be a significant problem which can be eliminated through visible light communication.
However, the trajectory of the market is anticipated to vary due to the epidemic COVID-19. The data analysts at Market Research Future Reports (MRFR) are assessing the aftermath of COVID-19. We will provide an impact analysis report on COVID-19.
Key Players
The renowned players of the global visible light communication market are General Electric Company (U.S.), fSONA Networks (Canada), Casio Computer Co., Ltd.(Japan), Samsung Electronics Co. Ltd. (South Korea), Toshiba Corporation (Japan), Nitto Denko Corporation (Japan), Fujitsu Ltd. (Japan), NEC Corporation (Japan), Qualcomm, Inc. (U.S.), Panasonic Corporation (Japan) and a few others.
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Regional Analysis
The global visible light communication market can be distinguished on the basis of application, verticals, component, and region.
On the basis of application, the worldwide visible light communication market can be distinguished into underwater communications, smart lighting, location-based services, indoor applications, outdoor application, and others.
On the basis of verticals, the worldwide visible light communication market can be distinguished into transportation, aviation, automotive, defense, healthcare, and others.
On the basis of component, the worldwide visible light communication market can be distinguished into visible light LED’s, opto–couplers, image sensors, diode, R emitters, and others.
On the basis of region, the worldwide visible light communication market can be distinguished into Asia Pacific, Europe, North America, and the Rest of the World (RoW).
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Regional Analysis
The global market for visible light communication is projected to expand significantly during the forecast period. Regions such as Asia-Pacific, Europe, North America, and the Rest of the World (RoW) have been thoroughly evaluated. As per the study, the global market is estimated to be dominated by North America. The most consequential factor of regional expansion is augmenting internet penetration. Besides, the burgeoning technical development is likely to fuel the market additionally. The report also highlights the role of increasing adoption of IT services which is further steering the global 3D scanner market.
Further, the increasing applications of indoor location-based services are projected to fuel the market during the assessment period. It is to be emphasized here that the region has been investing in making a massive investment in research and development. Also, the presence of established vendors is another imperative factor resulting in market growth.
However, market dynamics are estimated to change due to the spread of coronavirus. Several regions had observed lockdown on a national basis which caused a change in the supply and manufacturing process.
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Distributed Antenna System Market - Developments and Trends, Potential of the Market from 2020-2023
Distributed Antenna System Market-Overview
The shared infrastructure requirements for expanding wireless networks footprints are likely to promote the distributed antenna system market 2020. The semiconductors and electronics reports are made by Market Research Future, which includes market options for progress. An incremental CAGR is estimated to shape the market in the impending period.
The need for broader cell coverage and reinforcing the signal reception of cellular operators is estimated to boost the distributed antenna system market share in the forecast period. The focus of operators to remove the dead spots in connectivity is estimated to further enhance the distributed antenna system market size in the upcoming forecast period.
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Key players
The key companies functioning in the distributed antenna market are CommScope, Inc. (U.S.), Corning, Inc. (U.S.), Comba Telecom Systems Holdings Ltd. (Hong Kong), Boingo Wireless, Inc. (U.S.), KTS, Inc. (U.S.), Cobham Wireless (U.K.), ATEK Communications, Inc. (U.S.), Verizon (U.S.), SOLiD, INC. (South Korea), and AT&T (U.S.).
Segmental Analysis
The segmental assessment of the distributed antenna system market comprises of technology, coverage, region and end-user. Based on the end-user, the distributed antenna system market is segmented into industrial, transportation, healthcare, public venue, education and others. Based on the technology, the distributed antenna system market is segmented into a small cell, carrier WIFI, and self-organized network. Based on the coverage, the distributed antenna system market is segmented into indoor and outdoor. On the basis of regions, the distributed antenna system market is segmented into North America, Europe, Asia Pacific and other important regions in the world.
Detailed Regional Analysis
The regional investigation of the distributed antenna system market includes North America, Europe, Asia Pacific and other important regions in the world. The North American region is governing the distributed antenna market owing to the developing demand for smartphones users and progressing IoT technology. The incidence of international companies is providing a good advantage to the U.S. and Canada, along with the mounting IT industry in these nations will drive the market of distributed antennas in the North American region. The nations of the US, Canada, and Mexico are likely to be main suppliers to the market growth. The Asia Pacific region is developing as a profitable market for the distributed antenna, mushrooming quickly. The mushrooming healthcare sector in the APAC countries of China and India are the important driving forces responsible for market development in the region. The European region is projected to reveal steady development in the market of the distributed antennas. The Mounting telecommunication and healthcare sectors are commanding the elevated implementation of the distributed antenna systems, thus nurturing the market evolution in the region.
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Competitive Analysis
The contenders functioning in the market are predicted to take necessary steps to safeguard their commercial interests in the period ahead. The economic deceleration is projected to carry the continuation of the effects seen these days commonly. The transformation in the supply chain has to be strongly encouraged, so as to see positive effects with regards to market progress. The support from government bodies is estimated to promote further the long term expansion of the market in the upcoming period. The consumer trends that are of special concern to demand are predicted to take time to stabilize in the aftermath of the current global pandemic. The investments related to marketing and R & D are foreseen to be staggered seeing the current economic climate. However, the market is predicted to be hindered to an extent by the restrictions in international trade due to the pandemic. The global market is estimated to be piloted by the forces of supply and demand that have taken over control.
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