Precision Farming Market to grow at 14% CAGR from 2017 to 2024

The technology research report “Precision Farming Market Size By Component (Hardware [Automated Steering System, Drones, UAVs & Camera, Mobile Device, Global Positioning System (GPS) & Global Navigation Satellite System (GNSS)], Software, Services [Consulting & Training, Maintenance & Updates, Managed Services, Integration]), By Technology (High Precision Positioning System, Geomapping, Remote Sensing, Integrated Electronic Communication, Variable Rate Technology (VRT)), By Application (Weather Monitoring, Yield Monitoring, Field Monitoring, Irrigation Management, Waste Management, Financial Management), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Netherlands, Turkey, Poland, Russia, Australia & New Zealand, China, India, Japan, South Korea, South East Asia, Brazil, Mexico, Argentina, Colombia, Peru, South Africa, Saudi Arabia, Egypt), Growth Potential, Competitive Market Share & Forecast, 2017 – 2024” by Global Market Insights, Inc. says Precision Farming Market set to exceed USD 10 billion by 2024; driven by rising demand for food due to rapidly increasing population.

The precision farming market growth is attributed to growing emphasis on improving agricultural productivity owing to rapidly increasing population around the world. Farmers in developed countries are rapidly adopting modern agricultural practices and equipment to boost their yield productivity and reduce agricultural losses. Also, increasing popularity of cloud-based farm management systems to manage precision agriculture activities at scale is also largely contributing to the market growth. Moreover, initiatives to modernize GPS infrastructure to enhance its location and positioning capabilities will also boost the precision agriculture market growth over the forecast period.

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The hardware segment is expected to hold a majority share of the precision farming market by 2024 owing to large scale installation of different precision farming devices such as sensors, GNSS antennas & receivers, and increasing adoption of mobile devices for running precision farming apps. Moreover, growing popularity of drones for aerial observations and field mapping applications is also expected to drive the hardware market growth between 2017 and 2024.

The sensors segment is projected to dominate the hardware market with over 19% of the hardware share in hardware by 2024 due to increasing utility of different types of sensors for facilitating remote sensing applications in precision farming market systems. As farm management systems are being increasingly integrated with various sensor-based systems such as aerial sensors, ground-based sensors and satellite sensors to collect information regarding critical agricultural parameters, the adoption of sensors is expected to exhibit positive growth during the forecast period.

The managed services market will exhibit exponential growth between 2017 and 2024 due to growing popularity of cloud computing technology. As the technology allows highly scalable deployment and management of precision farming systems over cloud networks, growers are expected to rapidly adopt these services in order to increase the efficiency of their precision farming operations.

The high precision positioning system market is projected to hold a significant share of the precision agriculture market between 2017 and 2024 as GPS systems serve as the backbone for these operations. Due to the effective capabilities to collect accurate location and positioning information, the technology facilitates timely management of precision farming functions for enhancing overall yield productivity. On the other hand, remote sensing applications will witness accelerated adoption over the forecast period due to consistent technological advancements in sensor technology and new product development initiatives by the market players.

Weather monitoring applications will dominate the precision farming market during the forecast timeline as they provide key information related to important weather parameters such as moisture levels, relative humidity levels, rainfall and wind directions. Unlike other industries, farm production is most affected by weather conditions and hence, the adoption of these solutions for effective weather monitoring will witness consistent growth over the forecast period.

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The Asia Pacific precision agriculture market is projected to exhibit fastest growth between 2017 and 2024 due to favorable initiatives being undertaken in countries such as India, China, and Japan to improve sustainable agricultural productivity, and food security. To support the increasing population in the sub-continent, advanced technologies are being increasingly explored and implemented for improving farm productivity and optimizing resource costs. Also, favorable government initiatives are largely contributing to the growing adoption of digital farming market practices in the region.

The companies operating in the precision farming market are emphasizing on extending their product capabilities and expanding their regional presence through strategic acquisitions. For instance, in May 2017, Trimble acquired Müller-Elektronik, a Germany based privately held company that specializes in precision farming solutions. The acquisition was intended to further strengthen Trimble’s extensive portfolio of digital farming market solutions. Some of the key players in the collaboration software market are Topcon Positioning Systems, Inc., Raven Industries, Boumatic LLC., Precision Planting, Inc., Delaval Corporation, GEA Group AG, DICKEY-john Corporation, Farmers Edge, Inc., CropMetrics LLC, Trimble Navigation Limited, AgSmarts Inc, AgSense LLC, AGCO Corporation, Agribotix, LLC, Monsanto Company and CropX Inc.

Precision farming market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2014 to 2024, for the following segments:

Precision Farming Market, By Component

  • Hardware
    • Sensors
    • Automated steering systems
    • Drones, UAV, and cameras
    • Mobile devices
    • GPS and GNSS
  • Software
  • Service
    • Consulting and training
    • Maintenance and updates
    • Managed services
    • Integration services

Precision Farming Market, By Technology

  • High precision positioning systems (GNSS and GPS)
  • Geomapping
  • Remote sensing
  • Integrated electronic communication
  • VRT

Precision Farming Market, By Application

  • Weather monitoring
  • Yield monitoring
  • Field mapping
  • Irrigation management
  • Waste management

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Netherlands
    • Turkey
    • Poland
    • Russia
  • APAC
    • China
    • Japan
    • ANZ
    • South Korea
    • India
    • South East Asia
  • LAMEA
    • Brazil
    • Mexico
    • Argentina
    • Colombia
    • Peru
    • South Africa
    • Saudi Arabia
    • Egypt

Browse key industry insights spread across 400 pages with 192 market data tables & 29  figures & charts from the report, “Precision Farming Market” in detail along with the table of contents:

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Hydropower Market to grow at gain 2% by 2024

The technology research report Hydropower Market Size, By Capacity (Micro And Pico Hydropower, Mini Hydropower, Small Hydropower, Large Hydropower), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, France, Italy, Spain, Austria, Germany, China, India, Philippines, Japan, Vietnam, Nigeria, Kenya, Brazil, Peru, Ecuador), Price Trends, Competitive Market Share & Forecast, 2017 – 2024”, by Global Market Insights, Inc. says Hydropower Market set to exceed 1,300 GW by 2024, driven by growing demand for electricity.

Hydropower Market is driven by a relatively long shelf life, reliability, large-scale power rollout, and reduced operational and maintenance costs. Manufacturing electricity aided by the conversion of kinetic energy into electric current has been one of very old techniques of power generation. Of late, hydropower industry has gained renewed traction pertaining to the strict regulations laid down by the government as regards to energy conservation. In addition, the necessity to provide electricity to rural areas, high global demand for uninterrupted power supply, and the requirement of water for irrigation, navigation, flood control, recreation, and drinking water supply will augment the growth of hydropower market, slated to cross 1,300 GW by 2024, with a CAGR estimation of 2% over 2017-2024.

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The United States, being one of the most developed economies of the modern world, has always been one of the key pioneers partaking in the commercialization of hydropower industry. The existence of the Grand Coulee hydropower project bears evidence to this statement. This facility was constructed in three phases and is one of the largest hydroelectric power stations in the world. Operated by the U.S. Bureau of Reclamation, this facility, located on River Colombia in the state of Washington, has an annual generating capacity of more than 24 TWh. This plant accounts for a sizable proportion of the country’s power supply and consumption and thereby, contributes toward the growth of U.S. hydropower market. The third phase of the facility is expected to be completed in 2018.

The U.S. held more than 50% of North America hydropower industry share in 2016 and is expected to grow massively over the coming years. The region is a treasure house of untapped reserves, which will propel the business trends. In addition, the government has been implementing stringent measures to curb GHG emissions and supply clean, uninterrupted power, which will stimulate hydropower market. The companies in the U.S. as well as the regulatory bodies have been making substantial investments toward the adoption of sustainable energy, which will lead U.S. hydropower industry to grow at a CAGR of 2% over 2017-2024.

Large capacity products held more than 80% of global hydropower industry share in 2016 and are expected to grow remarkably over the next few years. This growth can be credited to the rising demand for uninterrupted electricity supply. In addition, these products will be installed at the upgraded hydropower facilities, which will further propel the business expansion. The upgradation of existing facilities will be a major factor driving large hydropower market over the coming years. For instance, Agder Energi, in 2013, awarded a deal worth USD 24.4 million to Alstom for upgrading the Iveland II hydroelectric plant. This facility, based in Norway, has a generating capacity of around 150 GWh and is forecast to contribute significantly toward the growth of Norway hydropower industry.

A favorable regulatory landscape is a key factor propelling the growth of large hydropower market. Institutions such as the World Bank, Aquila Capital, and the Climate Aligned Bonds Initiative are renowned to contribute massively toward the growth of hydropower industry by means of heavy investments and other initiatives. In 2015, for example, the Climate Aligned Bonds Initiative allotted labeled green bonds worth USD 41.8 billion, to increase the share of electricity supply from hydroelectric stations.

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Small Hydropower Market is also slated to establish its footprints globally. This segment is likely to be augmented by the low costs of civil construction and the rising measures to eliminate carbon and GHG emissions. In fact, in 2015, the Small-Scale Hydro Power Program had been launched by the Economic Community of West African States to achieve a share of 33% from hydropower toward the overall energy supply, which will subsequently propel small hydropower industry share.

The contribution of regulatory bodies toward the growth of hydropower market is indeed commendable. Recently, in April 2017, the EIA (Energy Information Administration) had scrutinized that the CUF (capacity utilization factor) for hydroelectricity was more than 60%, while the CUF for solar PV electricity was only 25%. This factor is expected to propel hydropower industry over the coming seven years. In addition, the governments across various geographies have been taking appreciable efforts to condemn the wastage of energy and encourage the adoption of renewable energy sources. A number of reliable statistics bear testimony to this fact. For instance, the United Nations Framework Convention on Climate Change (UNFCCC) and the Canada West Foundation had inked a deal to jointly reduce the GHG emissions. Besides, in October 2014, the U.S. Federal Government had made an investment of more than USD 3.5 million to promote the manufacturing of electricity from hydropower, under the Section 242 of the Energy Policy Act. Such initiatives are expected to massively impel the growth of global hydropower market over the coming seven years.

Report Content

Chapter 1    Methodology & Scope

1.1    Methodology

1.1.1    Initial data exploration

1.1.2    Statistical model and forecast

1.1.3    Industry insights and validation

1.1.4    Market definition & forecast parameters

1.2    Data Sources

1.2.1.    Primary

1.2.2.    Secondary

Chapter 2    Executive Summary

2.1    Hydropower industry 3600 synopsis, 2014- 2024

2.1.1    Business trends

2.1.2    Capacity trends

2.1.3    Regional trends

Chapter 3    Hydropower Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2014 – 2024

3.3    Industry ecosystem

3.3.1    Vendor matrix

3.4    Innovation & sustainability landscape

3.5    Capital cost structure

3.6    Regulatory landscape

3.6.1    U.S.

3.6.2    Europe

3.6.3    China

3.6.4    India

3.6.5    Philippines

3.6.7    Vietnam

3.7    Industry impact forces

3.7.1    Growth drivers

3.7.1.1   Positive outlook towards renewable energy

3.7.1.2   Growing demand for electricity

3.7.1.3   Favorable government initiatives

3.7.2    Industry pitfalls & challenges

3.7.2.1   High initial investment for large hydropower

3.8    Growth potential analysis

3.9    Porter’s analysis

3.10 Competitive landscape, 2016

3.10.1    Strategy dashboard

3.10.2    Merger & acquisition landscape

3.11   PESTEL analysis

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This latest Hydropower Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Hydropower industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

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  • Global Hydropower Market size & forecast by product & application.
  • Growth drivers, pitfalls & industry challenges.
  • Key Hydropower Market growth opportunities & emerging business models.
  • Competitive benchmarking with market share analysis and company profiles.

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Geofencing Market to reach $1.7bn by 2024

The technology research report “Geofencing Market Size By Type (Fixed, Mobile), By Component (Product [Asset Monitoring and Management, Fleet Management, Workforce Management, Promotion & Advertising, Competitor Tracking Solutions, Drone Management Solutions], Service [API Management, Managed Services, Consulting, Training and Maintenance Services]), By Technology (GPS, RFID, Wi-Fi, Cellular Network), By Application (Transportation & Logistics, Retail, Automotive, BFSI, Public Sector, Hospitality, Media & Entertainment), By Deployment Model (On-premise, Cloud), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, China, Japan, Australia & New Zealand (ANZ), South Korea, India, Singapore, Malaysia, Brazil, Mexico, Argentina, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2017 – 2024” by Global Market Insights, Inc. says Geofencing Market set to exceed USD 1.7 billion by 2024; driven by growing penetration of mobile devices.

The geofencing market growth is attributed to the popularity of mobility trend leading to extensive proliferation of mobile devices such as smartphones and tablets, along with rising demand for proximity marketing solutions. The utility of mobile devices is widening as they are consolidating their role as central medium to reach an ever-expanding portfolio of applications and services. GPS-based location services are provided as a default feature in most of these mobile devices. Marketers are leveraging such capabilities of these devices to determine the location of their existing and prospective customers to offer real-time marketing messages to them.

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With the growing popularity of AR and beacon technologies, geofencing is being integrated with them to effectively improve proximity marketing campaigns. These technologies are also being leveraged to improve gaming experience of gamers by integrating location-based capabilities with app-based games for mobile devices. Also, modernization efforts to improve the capability and performance of existing GPS infrastructure are also expected to boost the adoption of geofencing solutions over the forecast timeline.

Mobile geofencing market is expected to exhibit promising growth over the forecasted timeline as it can vary the boundaries of the perimeter based on a situation determined by a combination of data streams. Such solutions can automatically define areas based on population density and personalize ads. Hence, message relevancy can be highly enhanced and engagement can be driven to specific business locations.

The product market held a significant geofencing market share of over 80% in 2016 owing to extensive deployment of geofencing systems by enterprises operating in retail, logistics, and automotive sectors. Within the product market, promotion and advertising solutions will exhibit fastest growth between 2017 and 2024 as businesses are increasingly realizing the potential of the technology to improve location-based marketing efforts and in turn, enhance their promotion and marketing ROI.

Service market will gain significant momentum over the forecasted timeline owing to the huge demand for specialized services to operate, maintain and manage the geofencing infrastructure deployed at the customers’ end. Managed services segment will exhibit lucrative growth with the highest CAGR over 35% during the forecast period. This geofencing market growth can be attributed to the growing adoption of cloud computing for deploying geofencing applications.

GPS market will witness positive growth over the timeline owing to considerable ongoing advancement in the technology through replacement of the legacy ground-based systems and GPS satellites with newer ones. With large scale adoption of GPS tracking systems for fleet management applications in the logistics industry, the geofencing market size is expected to steadily increase between 2017 and 2024.

The transportation and logistics segment held a major share of the geofencing market in 2016 due to the excellent utility of geofencing systems in effortlessly managing large vehicle fleets in diverse geographic regions. With better accuracy, operational efficiency and supply chain visibility, logistics companies can hugely benefit from the technology to facilitate last-mile delivery. The retail market will demonstrate fastest growth during the forecast period owing to rapid adoption of geofencing systems by retailers to strengthen their location-based proximity marketing activities. As the technology allows them to track their competitors and devise effective promotional campaigns in response, retailers are deploying event-specific geofences for effective customer retention as well as acquisition.

Cloud-based geofencing solutions will experience significant adoption over the forecasted timeline due to rapidly growing popularity of cloud computing. As cloud-based applications offer enhanced flexibility and scalability to deploy geofencing application, cloud geofencing market will exhibit fastest growth between 2017 and 2024.

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North America will hold a majority share in the geofencing market by 2024 due to the presence of robust communication and internet infrastructure in the region. As the U.S. government is heavily investing in the GPS modernization project, the performance of satellite-based communication and location systems in the region is expected to improve significantly over the forecasted timeline. The APAC region will grow the fastest due to increase in the use of location analytics in countries such as India, Japan, China, and ANZ.

The key players operating in the geofencing market are PlotProjects, Apple, Thumbvista, Esri, Bluedot innovation, Swirl Networks, Embitel, Simplifi.fi, Mapcite, UpSnap, Google, Gimbal, Placecast, DreamOrbit, GeoMoby, Localytics, Pulsate, Radar Labs, and Urban Airship. These players are focusing on consistent product development and innovation. By enabling better connectivity, increased accuracy and seamless integration, they are emphasizing on extending their solutions to diverse industries such as public sector, hospitality and media and entertainment.

Geofencing market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD million from 2015 to 2024, for the following segments:

Geofencing Market, By Type

  • Fixed
  • Mobile

Geofencing Market, By Component

  • Product
    • Asset Monitoring and management
    • Fleet management
    • Workforce management
    • Promotion and advertising
    • Competitor tracking
    • Drone management
  • Service
    • API management services
    • Managed services
    • Consulting, training and maintenance services

Geofencing Market, By Technology

  • GPS
  • RFID
  • Wi-Fi
  • Cellular Network

Geofencing Market, By Application

  • Transportation and logistics
  • Retail
  • Automotive
  • BFSI
  • Public sector
  • Hospitality
  • Media and entertainment

Geofencing Market, By Deployment Model

  • On-premise
  • Cloud

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Netherlands
  • APAC
    • China
    • Japan
    • ANZ
    • South Korea
    • India
    • Singapore
    • Malaysia
  • LAMEA
    • Brazil
    • Mexico
    • Argentina
    • GCC
    • South Africa

Browse key industry insights spread across 450 pages with 1364 market data tables & 15 figures & charts from the report, “Geofencing Market” in detail along with the table of contents:

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Thin Film Battery Market demand from backup power to grow at 20% CAGR from 2016 to 2024

​The technology research report Thin Film Battery Market Size By Product (Chargeable, Disposable), By Application (Wearable Electronics, Medical Devices, Smart Cards, Consumer Products, Backup Power, RFID, Sensors), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Russia, China, India, Japan, South Korea, Saudi Arabia, Brazil, Mexico), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024”, by Global Market Insights, Inc. says Thin Film Battery Market will exceed USD 1.8 billion by 2024, driven by growing demand for portable and flexible electronic devices.

Thin film battery market is set to cross the billion-dollar benchmark by 2024, with a targeted industry valuation of USD 1.8 billion. Reportedly, the overall thin film battery industry share was worth USD 200 million in 2015. The huge growth that this business is anticipated to witness can be credited to its myriad applications across a wide range of sectors including medical devices, wearable electronics, consumer products, smart cards, sensors, and RFID. Banking and government institutes are the two major sectors witnessing a noticeable adoption of these batteries. The rising need for security to combat the fraud risks and the growing trend of miniaturization is further providing a significant impetus to the global thin film battery market.

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Driven by the security demands, smart cards have become one of the prominent revenue contributors to the global thin film battery industry share. In 2015, this application segment was worth USD 10 million and is expected to exhibit a remarkable surge over the coming years. As per the estimates, thin film battery market size from smart card application is expected to surpass USD 130 million by 2024. The growth can also be credited to the increasing adoption of smart cards across a wide range of sectors such as transportation, medical, IT, and BFSI.

Over the recent years, RFID thin film battery industry has also gained a prominent significance with its wide spectrum of applications in logistics, material management, and inventory control. Despite occupying a minor share of 7% of the overall market in 2015, the RFID applications are slated to witness commendable gains over the coming seven years.

The expanding wearable devices market is further influencing the overall thin film battery industry share. In 2015, the thin film battery market share from wearable devices application was worth USD 80 million. The rapidly growing trend of IoT is certain to create a pool of opportunities for this industry over the years ahead. In this regard, Asia Pacific is one of the prominent regions substantially contributing to the global share with a commendable adoption rate of wearable devices. In addition, the surging demand for battery-based vehicles and economic development of the region will further push the APAC growth.

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As per reliable estimates, approximately 95% of the credit cards would be deployed with EMV chip by 2018. This fact is poised to massively drive the U.S. thin film battery market share. Reportedly, the region registered a valuation of USD 70 million in 2015. European market will also witness lucrative gains over the coming years with U.K. and Germany driving the regional demand. The technological advancements pertaining to the medical devices will drive Europe thin film battery market share.

Industry participants are heavily investing in R&D activities to expand their product portfolio in terms of the technological advancements and the smart consumer demands. Key players in this market include Excellatron, ST Microelectronics, NEC Corporation, Jenax, Enfucell Oy, Imprint Energy, BrightVolt Inc, FlexEl, PowerId, Cymbet Corporation, and Thinfilm.

Report Content

Chapter 3 Thin Film Battery Industry Insights

3.1 Industry segmentation

3.2 Industry size and forecast, (USD Million), 2013-2024

3.3 Industry ecosystem analysis

3.4 Vendor matrix

3.5 Innovation & sustainability

3.6 Industry impact forces

3.6.1 Growth drivers

3.6.1.1 Growing demand for portable and flexible electronic devices

3.6.1.2 Increasing adoption of smart cards and RFID

3.6.1.3 Strict government norms towards security

3.6.1.4 Longer cycle life

3.6.1.5 Low self-discharge rate

3.6.2 Industry pitfall and challenges

3.6.2.1 High initial cost

3.7 Regulatory landscape

3.7.1 Europe

3.7.1.1 Battery Directive

3.7.1.2 Secondary European Legislation on Batteries:

3.7.2 UK

3.7.3 Germany

3.7.4 U.S.

3.7.5 China

3.7.5.1 China RoHS Directive

3.7.5.2 Taiwan RoHS Restricted Substances

3.7.6 Japan

3.7.6.1 International Battery Standards and Testing

3.8 Growth potential analysis

3.9 Competitive landscape

3.9.1 Strategy dashboard

3.9.2 Competitive application analysis

3.10 Porter’s analysis

3.11 PESTLE analysis

3.12 Analyst 360 -degree industry perspective

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This latest Thin Film Battery Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Thin Film Battery industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

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Wireless Charging Market trends research and projections for 2017-2024

The technology research report Wireless Charging Market Size By Application (Automotive, Consumer, Industrial, Healthcare, Aerospace & Defense), By Technology (Inductive, RF, Resonant), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Russia, China, India, Japan, South Korea, Australia, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024”, by Global Market Insights, Inc. says Wireless Charging Market size is set to exceed USD 14 billion by 2024, driven by growing smartphone demand.

The far-flung expanse of wireless charging market is rather overt from its application extensity, inclusive of some of the most lucrative business spheres, along the likes of the consumer goods, industrial, aerospace & defense, automotive, and healthcare sectors. Despite the fact that much of the popularity wireless charging industry has accrued so far is due to the product’s deployment in consumer goods, the technology has been amassing quite a fortune from other end-use domains as well, the automotive sector being one of most essential ones. BMW, for instance, has been crawling its way into wireless charging market, evidence of the fact being, BMW’s recent partnership with Qualcomm.

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The German automotive giant has signed an agreement with Qualcomm for manufacturing charging pads for its BMW i3 and i8 safety cars deployed for the Formula E racing series. Using inductive charging, the pad would tap into BMW Wireless Charging tech for delivering electricity to BMW’s plug-in hybrid vehicles, without the necessity for a charging socket. In effect, the company plans to introduce its wireless charging pad into the mainstream arena by 2018, which would have a profound impact on the overall wireless charging market share. As per estimates, in fact, wireless charging market size was pegged at USD 3 billion in 2016, subject to rising demand for mobile power recharging options and the growing prevalence of tablets and smartphones.

The voracious inclination toward consumer electronics such as smartphones is the driving force for wireless charging industry. Most tech moguls have been striving to implement wireless charging in their devices with an aim to increase the product’s brand value and presence in the core business. One of the most popular and acclaimed instance testifying the validity of the aforementioned statement is Apple’s recent launch of the iPhone 8 series. The fact that the iPhone 8 would be endowed with wireless charging has been on the news bulletin for a considerably long while, much prior to the product launch. And yet, its introduction in the mainstream arena has created quite a stir in the tech cosmos. The company has apparently chosen 7.5 W of power transfer for iPhone 8 and the much-awaited iPhone X.

While wireless charging market had been introduced in the international circuit for more than two decades back, its commercialization scope has surpassed escalated levels merely a few years back. This business space has been ablaze with numerous innovations on an annual basis, though 2017, has indeed been a spectacular year for wireless charging industry. Some of the marked developments that defined the growth spectrum of wireless charging market in 2017 have been meticulously outlined underneath:

Wireless charging market players Growth strategy adopted Impact on wireless charging market
Integrated Device Technology IDT announced the shipment of 30 million Qi wireless power transmitters that utilize the firm’s power management technology. IDT’s shipment validates the declaration that wireless charging industry has indeed gone mainstream, and is likely to accrue remarkable sales with time.
Powercast Corporation Powercast announced the launch of the P1110-EVAL-01 development kit enabling easy design of smart devices using the firm’s wireless power technology. Powercast’s the P1110-EVAL-01 may have a profound impact on the product landscape of wireless charging market, enabling other companies to push themselves further on.
The Massachusetts Institute of Technology MIT has unveiled its 2nd wireless recharging spin-off, called Pi Inc., that would soon be launching the beam-forming magnetic induction wireless recharging station, designed to charge multiple devices within a range of a foot from the charger. MIT’s spun-off start-up is likely to emerge as one of the most potentially competitive entrants in wireless charging industry, which would pressurize other tech giants to bring about further innovations in their products.
Ventev Mobile Ventev recently displayed its new jet black chargesync alloy cable, wireless charging car kit, wireless chargestand, and a range of Power Delivery and Qualcomm® Quick Charge™ 3.0 accessories at the Pepcom Holiday Spectacular East. Ventev’s portrayal of its unique product portfolio would have a marginal but powerful impact on wireless charging market players, leading to the conceptualization of technological advancements in wireless charging.

 

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The proliferation of advanced technology and the substantial rise in the tech-savvy populace are deemed to act as major drivers for wireless charging market. Major tech giants along the likes of WiTricity Corporation, Energizer Holdings, Inc., Powercast Corporation, Integrated Device Technology, Inc., Convenient Power Ltd., Murata Manufacturing Co. Ltd., Texas Instruments, Inc., Mojo Mobility, Inc., Qualcomm Inc., PowerbyProxi Ltd., Leggett & Platt Inc., and Powermat Technologies partaking in wireless charging industry share have been pushing themselves to brainstorm and develop contemporary technologies that could make wireless charging even more convenient to access. Given that consumers have been demanding a hassle-free charging experience, companies have been prioritizing the manufacture of non-removable batteries and limited battery space in products. This dynamic transformation of tactic adoption would ultimately augment the demand for this service, inherently propelling wireless charging market size. The humongous appetite for this business space is quite evident from the estimates – wireless charging industry size is forecast to be pegged at a valuation nearly five times its revenue collection in 2016, as per a report compiled by Global Market Insights, Inc.

Report Content

Chapter 1. Methodology & Scope

1.1. Methodology

1.1.1.   Initial data exploration

1.1.2.   Statistical model and forecast

1.1.3.   Industry insights and validation

1.1.4.   Scope, definition and research parameters

1.2. Data Sources

1.2.1.   Primary

1.2.2.   Secondary

Chapter 2. Executive Summary

2.1. Wireless charging industry 360º synopsis, 2013 – 2024

2.1.1.   Business trends

2.1.2.   Regional trends

2.1.3.   Technology trends

2.1.4.   Application trends

Chapter 3. Wireless Charging Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 – 2024

3.3. Industry ecosystem analysis

3.3.1.   Supply chain analysis

3.4. Technology landscape

3.4.1.   Wireless charging standards

3.4.1.1.      Qi

3.4.1.2.      Power Matters Alliance (PMA)

3.5. Regulatory landscape

3.5.1.   FCC Part 15

3.5.2.   FCC Part 18

3.6. Industry impact forces

3.6.1.   Growth drivers

3.6.1.1.      Growing smartphone demand in India and South-East Asia

3.6.1.2.      High degree of convenience across Europe

3.6.1.3.      Technological innovation in the U.S.

3.6.1.4.      Rising need for wireless charging for electric vehicles (EV) in Europe and North America

3.6.1.5.      Rising penetration in industrial and commercial environments in Asia Pacific

3.6.2.   Industry pitfalls & challenges

3.6.2.1.      Need for standardization

3.6.2.2.      Mobility issues and longer charging times

3.7. Growth potential analysis

3.8. Porter’s analysis

3.9. Competitive landscape, 2016

3.9.1.   Strategy dashboard

3.9.2.    PESTEL analysis

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This latest Microgrid Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Microgrid industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

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  • Growth drivers, pitfalls & industry challenges.
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China Microgrid Market to exceed 1 GW by 2024

The technology research report Microgrid Market Size By Connectivity (Grid Connected, Off-Grid), By Grid Type (AC Microgrid, DC Microgrid, Hybrid), By Source (Diesel Generators, Natural Gas, Solar PV, CHP, Others), By Storage (Lithium-Ion, Lead Acid, Flow Batteries, Flywheel, Others), By Application (Healthcare, Educational Institutes, Military, Utility, Industrial/Commercial, Remote, Others) Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, France, UK , Russia, Spain, Italy, Denmark, China, Japan, South Korea, India, Australia, Indonesia, Brazil, Argentina, Chile, Saudi Arabia, UAE, South Africa, Iran, Nigeria) Application Potential, Competitive Market Share & Forecast, 2017 – 2024”, by Global Market Insights, Inc. says Microgrid Market size will exceed USD 19 billion by 2024,driven by rising demand for renewable energy integration.

Powered by the quest to deliver uninterrupted electricity to remote locations across the globe, microgrid market players seem to be on an expedition to bring forth a range of highly advanced networks endowed with supreme connectivity and storage that would help electrify rural and outlandish areas. In an era thriving on the notion of circumventing the deployment of fossil-fuel resources and promoting sustainability by and large, microgrid industry outlook is likely to witness a transformation at the paramount stratum. The declaration has been amply and impeccably testified by the extensive launch of these grids across numerous regions where power supply is still a luxury.

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For instance, Robben Island, the World Heritage Site in Cape Town, has recently witnessed the launch of an R25-million solar energy, lithium-ion battery storage microgrid. The region had been dependent on diesel since long for power generation, however, now, with the launch of this microgrid, it is expected that Robben Island would prove to be a viable exemplar to stimulate microgrid market demand. The Li-Io battery storage microgrid installation has been forecast to reduce the usage of close to 600,000 liters of carbon-emitting fuel, underlining how effectively microgrids can be used for electricity generation in fuel-powered areas, thereby benefitting the overall microgrid market outlook.

The contribution of governmental bodies toward microgrid industry expansion

Regional governments and regulatory bodies have a rather influential role to play in the development of microgrid market. Given that the demand for electricity and the dire need for optimized power consumption are globally prevalent issues, the trends witnessed across this business vertical have a tremendous influence on the overall energy mix, which has spurred the interest of regional and international governmental bodies. In consequence, a series of highly profitable initiatives have been witnessed across microgrid market lately, a concise gist of which has been outlined below:

  • Merely a week ago, the Massac.husetts Department of Public Utilities and The Boston City Council took a step forward toward contributing their bit toward microgrid market growth. The city council apparently, has approved the Docket 0340 – a proposal for the state legislature to pave the way for constructing a microgrid at the Raymond L. Flynn marine park. In the event that the state lawmakers give the green signal, this would be the first time an energy savings performance contract (ESPC) would be approved for a project excluding solely publicly-held buildings. Through a legal request, the ESPC would be signed with another reliable business partner to construct the microgrid at the 191-acre navy yard – a project that would have a commendable impact on the growth graph of the regional microgrid industry.
  • In 2016, the MNRE (Ministry of New and Renewable Energy) apparently drafted a national policy for mini and microgrids, that chalked out a plan including 10,000 mini and microgrids with a generation capacity of 500 MW in the next five years. Despite the fact that the policy approval is still underway, and that certain nuances are yet to worked upon, the proposal still marks considerable significance in microgrid market, since it validates that governments are inherently conscious of the significance of grid installations to combat power supply across rural areas.

 

  • The Secretary of the Philippine Department of Energy (DOE), Mr. Alfonso G. Cusi, has recently outlined the aim of the Filipino government to further stimulate the deployment of mini and microgrids in the country by tapping renewable energy. Through this long-standing goal, the Filipino government intends to achieve its vision of achieving total electrification by 2022. Philippines’s goal is likely to validate the extent of government intervention in microgrid market, which may substantially impel the revenue graph of this business vertical in the years ahead.

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The buzzing trends of sustainability and reduced energy consumption have led to the mandatory implementation of power grids to ensure an unlimited supply of electricity. In the years to come, it has been forecast that the robust requirement for electricity will generate a substantially extensive demand for power grids to be installed at strategic locations and remotely inaccessible areas. In consequence, this would encourage microgrid market players to go the whole hog and come up with unique and reliable products that would be easy to install and operate. In fact, plans are already underway for massive grid installations – PanaHome, a unit of Panasonic, in tandem with the METI (Ministry of Economy, Trade and Industry), has revealed that the company has plans to connect 117 homes in the western part of Japan, to a solar-powered microgrid system. Panasonic’s venture proves that microgrid industry players are being influenced by the growing need to integrate renewables such as solar and wind energy in the national grid.

It is also prudent to mention that lately, microgrid market companies have been motivated to tap into areas prone to disasters – such as those that are prone to hurricanes, tornados, earthquakes, and the like, given how crucially pivotal microgrid installations have proven to be in these areas. Driven by the mammoth participation of regional governments and the presence of a stringent regulatory framework, microgrid market size is expected to cross USD 19 billion by 2024 – nearly five times the original valuation of this business space in 2016.

Report Content

Chapter 3. Microgrid Market Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 – 2024 (USD Million)

3.3. Industry ecosystem analysis

3.3.1.   Vendor Matrix

3.4. Innovation landscape

3.5. Cost structure analysis

3.5.1.   Equipment cost

3.5.2.   Generation cost

3.6. Power consumption, TWh (2000 – 2016)

3.6.1.   North America

3.6.2.   Europe

3.6.3.   CIS

3.6.4.   Asia Pacific

3.6.5.   Middle East & Africa

3.6.6.   Latin America

3.7. Regulatory landscape

3.7.1.   U.S.

3.7.2.   Europe

3.7.3.   UK

3.7.4.   China

3.7.5.   Japan

3.7.6.   India

3.8. Role of microgrid stakeholders

3.8.1.   Energy service companies

3.8.2.   Consumers

3.8.3.   Government regulators

3.8.4.   Electricity regulators

3.9. Infrastructure and energy spending, 2015/2016

3.10.          Renewable energy incentive in U.S States

3.11.          Renewable energy electricity support instruments in EU 28-member states

3.12.          Energy policies considered for deployment of microgrid network

3.12.1. Europe

3.12.2. U.S.

3.12.3. China

3.13.     Industry impact forces

3.13.1. Growth drivers

3.13.1.1.    North America

3.13.1.1.1.       Renewable energy integration

3.13.1.2.    Europe

3.13.1.2.1.       Integration of renewable energy technologies

3.13.1.3.    Asia Pacific and Middle East & Africa

3.13.1.3.1.       Growing demand for off grid electricity

3.13.1.3.2.       Government program toward electrification

3.13.1.3.3.       Increasing electricity demand

3.13.2. Industry pitfalls & challenges

3.13.2.1.    High capital cost

3.14.     Growth potential analysis

3.15.          Porter’s analysis

3.16.          Competitive landscape

3.16.1. Strategy dashboard

3.17.     PESTEL analysis

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This latest Microgrid Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Microgrid industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

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Cloud Gaming Market 2024: Opportunity and Demand Analysis, 2017-2024

Cloud Gaming Market size is estimated to witness a significant growth owing to the appeal of playing and experiencing games without the need to install the software in the hard disk. The cloud gaming market is driven by the rise in cloud computing, mobile gaming audience, and social media relevance. Moreover, with the launch of Smart TVs, there has been a rise in the demand from the U.S. and Western European countries. The concept of the gaming market revolves around accessing and playing games, which are stored on a remote server. Users can access these games via internet-connected devices through a subscription fee or free of cost.

The gaming market is exploring gaming features through cloud gaming platform, enabling gamers to play games with animations and varied graphics conveniently. It is estimated that this will lead to the growth of the gaming market. The gaming platform uses rendering technology through which screens rendered for a game are given as inputs to encode the screen, then transfer coded screen to client device to display. The cloud directly instructs and modifies the engine of the game to update the screen after the rendering is finished.

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Some of the advantages that cloud gaming offers are computer and smartphone gaming integration, elimination of highly-priced hardware, game spectating, and enabling instant gameplay. This offers a gaming experience, which is platform independent; this means tablets and computer devices running on Linux, Mac, iOS, Windows RT, Android, Chrome OS, and other OS will support games that initially may run on Windows only. Gaming even ensures that there are no physical copies of the software to rely on to play games, saving the ownership cost of a console. However, the market faces vulnerability owing to the inappropriate tracking of the data via cookies from service providers, who personalize their offerings to approach the target audience. This comprises analyzing the gathered data of a customer such as buying behavior and online preferences. Furthermore, the data is utilized for data mining and customer profiling. These inappropriate methods to gather and store data lead to breaching a customer’s privacy.

North America is estimated to lead the gaming market owing to the accessibility of high-speed internet connection and strong market segmentation of smartphone devices in its geography. The ability and affordability to spend resources over leisure in the market by users in the region also help in the market growth. However, the APAC region is anticipated to grow exponentially over the forecast period due to the rapid adoption of technologies in India, South Korea, and China for gaming. APAC in the market is expected to grow the fastest in cloud gaming due to the increased availability of tablets and smartphones, which are cost-effective. The emergence of digital technology in the region with foreign investments has led to a huge growth of APAC over the forecast period.

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The cloud gaming market is estimated to witness a significant growth with the advent of new technologies developed and decrease in piracy. Few of the key players, who offer cloud gaming with features in the market include NVIDIA, Sony, Gaikai, OnLive, Liquidsky, Crytek, Amazon, Google, Samsung Electronics, and Ubitus.

This latest Cloud Gaming Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Cloud Gaming from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

 Reasons to Buy This Report

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  • Growth drivers, pitfalls & industry challenges.
  • Key Cloud Gaming Market growth opportunities & emerging business models.
  • Competitive benchmarking with market share analysis and company profiles.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Personal Cloud Market share research by applications and regions for 2017-2024

Personal Cloud Market size is estimated to witness a gradual growth owing to the advent of modern technologies and innovations in the IT sector. SMEs and large enterprises have widely adopted these cloud apps. SMEs require cloud services and solutions to sync, store, share files, photos, and documents. The concept of personal cloud revolves around providing cloud storage to store data for home users. This cloud is primarily designed for sharing videos, documents, and photos though they can also cater to streaming preferences for multimedia services, for instance, the use of Google Drive or Dropbox.

The personal cloud market is driven by the increase in demand for cost-efficient storage, data sharing, ease in data access, use of portable devices, and safety against data loss. One of the primary benefits of cloud includes storage space management at the users’ residence with data center infrastructure to the service provider. Cloud market services provide improved accessibility, sharing users’ data, and increased security features and storage facilities, leading to improved user experience and ease-of-access. The market has also benefited from the upsurge of broadband connections and smartphones. It is expected that these services shall be in demand among business customers and individuals owing to the need for data storage platforms, leading to the enhanced adoption of cloud solutions and services.

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The personal cloud market faces vulnerability with the addition of cloud services as the users or employees store their data over the cloud. According to industry experts, employees risk the potentially sensitive data of an organization, which may become a threat to the organization in the future. IT needs to discover or come up with solutions to secure sensitive information in the cloud. The IT professionals need to innovate and emphasize on file-level security than storage level security.

North America leads the personal cloud market owing to the advent of new technologies and increased awareness among the masses in the region. The region holds the largest share of professional services in the cloud market, which can be attributed to the early adoption of cloud services in the U.S. market. The driving factor to aid cloud computing in the region is the minimal capital expenditure. The benefits the region offers in the market include enhanced flexibility and agility with the capability to deploy new apps smoothly. Along with North America, Europe leads in the utilization of cloud services. The market is growing rapidly creating intriguing opportunities for outsourcing as SMEs and large enterprises use cloud services to ensure flexibility in their IT environment.

The APAC region is emerging as a leading market, which is expected to contribute immensely to the market revenue. The region shall experience an increasing demand to offer cloud services and solutions than Europe and North America owing to fast broadband networks with enhanced usage of multimedia devices. The market in the Middle East and Africa is also expected to grow and its progress will rely heavily on the need for service agility and data security concerns. Similarly, the market in Latin America will grow steadily over the forecast period.

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It is estimated that the adoption of personal cloud services shall witness a positive growth owing to the increase in the use of hybrid cloud within large enterprises. Therefore, it is anticipated that IT will invest in the reliable network infrastructure or the adoption of hybrid cloud for services. Some of the key players present in the personal cloud market are AWS, Apple, Buffalo Technology, Barracuda Networks, Dropbox, Box, SugarSync, SpiderOak, Google, Engyte, Mediafire, Microsoft, and Seagate.

This latest Personal Cloud Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Personal Cloud from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Inventory Management Software Market trends research and projections for 2017-2024

Inventory Management Software Market size is driven by the need to generate and manage orders, bills, and documents, especially in the retail and manufacturing industry.  The growth of the market is driven by the increase in the omnichannel retailing and the growing popularity of the e-commerce. Inventory management software is also used for managing and tracking the inventory levels, deliveries, sales, and orders. The software offers several benefits, such as asset tracking & monitoring, order management, inventory optimization and product identification, driving its demand among the industry verticals.

With the adoption of smartphones and tablets, the popularity of the mobile commerce and e-commerce also increases. It encourages retailers to replace their physical stores with online stores. Furthermore, the increasing internet penetration and technological advancements also lead to the increase in the number of online shoppers, which fuels the competition between retailers. This gives rise to the requirement of real-time analytics and an effective software to manage the orders, sells, and inventory to gain a competitive edge over competitors. Therefore, it is estimated to augment the demand for inventory management software. However, there are certain factors that are hindering the growth of the market. The high installation cost, data security, and customer privacy are the major factors that are restricting the growth of the market.

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The increasing demand for the RFID technology is also estimated to be one of the major factors that is driving the growth of the market. RFID is a wireless technology that is used for tracking and monitoring the assets. The technology automates warehouse control end-to-end and assists organizations in managing thousands of orders on a daily basis. Moreover, the technology offers a real-time analysis of inventories and orders. The better merchandising decision integrated with low operational cost will help the market growth in developing economies. Moreover, the software helps in the easy tracking using barcode scanners, smartphones, and tablets helping the market grow. In addition, the adoption of cloud, IoT, and RFID will become a key attraction for investors.

North America is estimated to be the leading region in the market owing to the presence of a large number of market players and rising requirements to streamline inventory and manage real-time data. The Asia Pacific region is anticipated to witness a high growth during the forecast period owing to the growing demand for automated tools at the workplace to improve the performance of the business. Furthermore, the growing popularity of e-commerce and increasing digitalization in developing countries including India and China are also driving the growth of the market.

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Some of the major vendors present in the inventory management software market are Oracle, Microsoft, Epicor, SAP, JDA Software, Accellos, Aldata Software, IBM, GTNexus, Totvs, Netsuite, Retalix, Quintiq, Kewill Systems, Kinaxis, etc. The growing demand for the inventory management software has intensified the competition amongst the market players. The players are adopting various strategies, such as mergers & acquisitions, product launches, geographical expansion, collaborations, and partnerships, to gain market share and get an edge over the competitors.

This latest Inventory Management Software Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Inventory Management Software from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Bottled Water Testing Equipment Market 2024: Opportunity and Demand Analysis, 2017-2024

Bottled Water Testing Equipment Market size is liable to grow at a moderate CAGR as bottled water is becoming one of the need of the hour. This testing equipment comprises of a multi-barrier approach which includes distillation, micro-filtration, reverse osmosis, carbon filtration, ultraviolet light (UV) and ozonation. Product is extensively used for detecting organisms as Vibrio cholera, E. coli and other pathogens. This testing of the bottled water is required to recognize the heterotrophic, coliforms, mold, yeast, coliforms, pH, turbidity, conductivity and ozone residual.

Rapidly rising water-borne diseases and subsequently rising health concerns among consumers in Asia Pacific are expected to drive product demand which will help attain substantial gains to the bottled water testing equipment market size during the forecast period.  Additionally, stringent regulations formulated by regulatory bodies namely World Health Organization (WHO), U.S. Department for Human & Health Service, etc. encourage healthy lifestyles to reduce impact of disease causing agents which in turn will have positive impact on the bottled water testing equipment market size in the coming years.

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Furthermore, the EU commission’s regulation for food and drugs is also likely to make noteworthy contribution to the bottled water testing equipment market size in the coming years.

Rising R&D investment to develop new technologies for physical water testing, microbial, chemical i.e. pesticide pollutants, toxic by-products and pharmaceutical residues is likely to make substantial investment to bottled water testing equipment market size over the projected timeframe.

High product price and the continuous advancement in the technology used for testing bottled water is probable to hamper bottled water testing equipment market in the coming years.

Based on technology the bottled water testing equipment market size is segmented into traditional and advanced. Then advanced is further classified into chromatography, spectroscopy and other instruments including as Immunoassay, PCR etc. In chromatography segment, the testing equipment separate the mixtures in the water whereas in spectroscopy the testing equipment measures the radiation intensity of the water.

Based on component the bottled water testing equipment market is segmented into consumable & reagents, lab instruments and reference materials. These components are required for testing the quality and edibility of the bottled water. Quite a no. of lab instruments are required in this process such as one time use plastic containers to be crushed after use, one time use plastic container in the shape of cup or glass/tumbler, containers made of glass material to be used after sterilization.

Based on test type the bottled water testing equipment market is segmented into radiological, microbiological, physical testing and chemical testing. Chemical testing is the most popular type of testing method. The testing is done to check for pesticide pollutants, pharmaceutical residues and toxic by-products.

Asia Pacific bottled water testing equipment market size is anticipated to grow at a healthy CAGR in the coming years primarily due to rising awareness towards health concerns and stringent regulations imposed by regulatory bodies to encourage healthy lifestyle.

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Followed by Asia-Pacific, North America and Europe are also expected to make significant contribution to the bottled water testing equipment market size in the coming years. This is mainly due to the strict regulations that are led down by the authorities like FDA and EU Commission. The Middle East, Africa and Latin America are at an infant stage as per the bottled water testing equipment market is concerned due to the lack of consciousness about the testing of water along with absence of stringent regulatory authorities in the region.

Presence of bottled water testing equipment manufacturing giants in India including PepsiCo (Aquafina), Nestle, Coca-Cola (Kinley) have pronounced India as a market with abundant potential which had led to building up quite a no. of bottling water plants. The potential here in India is abundance, even the bottled water manufacturing giants situated in India are experiencing a big hike in the demand from the consumers.

Some of the prominent bottled water testing equipment market players are Waters Corp., ThermoFisher Scientific, Inc., Restek Corp., LaMotte Company, Inc., Accepta AS, Bio-Rad Laboratories, Inc., Shimadzu Corporation, Agilent Technologies, Inc. and Perkin Elmer Inc.

This latest Bottled Water Testing Equipment Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Bottled Water Testing Equipment from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

 Reasons to Buy This Report

  • Global Bottled Water Testing Equipment Market size & forecast by product & application.
  • Growth drivers, pitfalls & industry challenges.
  • Key Bottled Water Testing Equipment Market growth opportunities & emerging business models.
  • Competitive benchmarking with market share analysis and company profiles.

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