Document Imaging Market: Key Players Focus on Product Innovation to Stay Competitive

Some of the prominent names operating in the global document imaging market are Fujitsu Ltd., Hewlett-Packard Company, Canon Inc., Eastman Kodak Company, Xerox Corporation, Qorus Software Ltd., CBSL Group, Epson America, Aramex, and Newgen Software Technologies. While some companies are targeting to capture increased market share by investing in research and development pursuits and develop advanced and upgraded document imaging solutions, some others are expanding their market share by entering into strategic alliances and partnerships.

A report by Transparency Market Research estimates the global document imaging market is likely to expand at a healthy 13.8% CAGR between 2017 and 2025. Progressing at this rate, the market is estimated to become worth US$153.05 bn by 2025 increasing from US$48.16 bn in 2016.

Rising Digitalization has Pushed Asia Pacific to Top Slot in 2016

The segments of the global document imaging market depending upon service are cloud and on-premises. While currently on-premises leads the market, the segment of cloud service is expected to display robust growth over the market and surpass the market share of on-premises.

The global document imaging market classified based upon region are North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. North America which is segmented into the U.S. and Rest of North America captured the leading share in 2016 backed by the growth in production facilities and rising demand for digitalized documents. However, Asia Pacific displayed the leading growth in 2016 due to rapid adoption rate of digitalization solutions over the years.

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Economic Benefits coupled with Reduced Risk of Loss of Documents Augments Growth

The growth of the global document imaging market is driven by several factors, of which rising demand for big data handling and analytics is a key one. The impact of this driver is currently high and is expected to be significant over the forecast period. Big data analytics is a new revenue generating stream that holds massive growth potential for an organization.

Besides this, rising adoption of compliance initiatives, distributed capture, and need to reduce expenses by investing in advanced document processing are some other factors that the document imaging market is benefitted from. This is because installing document imaging has significant benefits in terms of cost savings and time savings. This solution does not require huge manpower to scan documents with the additional benefit of reduced risk of loss of documents if transmitted in digital form. While the impact of this driver is moderate currently, it is expected to be high over the forecast period.

The rising trend of digitalization of medical records holds immense potential for the growth of this market. The maintenance of Electronic health records (EHR) in medical institutions is totally paperless and is dependent on scanning of documents. Law firms that deal with large volume of paper work is also paving way for growth of document imaging market globally.

Furthermore, customers are ready to spend premium amounts to receive robust document imaging solutions. Dealers are aware about customers’ demand for holistic solutions for document imaging. This factor is furthering the demand for document imaging solutions worldwide. Educational institutions that deal with large volume of documents related to registration documents, admission documents and notices amongst others is providing a fillip to the global document imaging market.

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Supercapacitor Market: Rising Demand for High-performance Energy Harvesting Systems in Electronics bolsters Uptake

A few top players accounted for a share of more than 10% in 2014 in otherwise fragmented landscape of the global supercapacitor market. The global market is intensely competitive characterized by the presence of a number of small- and mid-sized companies fiercely competing against each other. For instance, Maxwell Technologies Inc. accounted for the major share of approximately 25.0% in 2014. However, owing to intense rivalry amongst players the leading manufacturer is gradually losing its dominance, which is further predicted to decline over the years. In the recent years, the global supercapacitors market has witnessed a surge of new entrants with the number of players increasing to more than double. A major chunk of the players are from various countries of Asia Pacific.

Some of other prominent players operating in the global supercapacitors market are Nippon Chemi-Con Corporation., LS Mtron, Supreme Power Solutions Co., Ltd., Ioxus, Inc., and Nesscap CO. LTD. In the coming years, the competition in the market is likely to intensify further. The future horizon looks exciting with several players engaged in developing cutting-edge energy storage technologies to meet the rising demand for robust energy harvesting systems in a number of end-use industries.

 

The global market for supercapacitors stood at US$1.21 bn in 2014 and is projected to rise at a significant CAGR of 22.3% from 2015 to 2023. Expanding at this pace, the opportunities in the market is projected to surge to US$7.37 bn by the end of the forecast period.

The major product types in the market are pseudocapacitor, hybrid capacitor, and double layer supercapacitors. Of these the hybrid capacitor is predicted to rise at the major CAGR of 23.5% during 2015–2023 and is projected to lead the market in the coming years. Among key regional markets, Asia Pacific is projected to rise at the leading CAGR during the forecast period. The growth of the regional market is primarily fueled by the substantial demand for advanced energy storage systems in the electronics industry.

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Peak-output Auxiliary Power Supply for Smart Electronics to Boost Market

The drive for supercapacitors essentially stems from the need for high-performance, flexible energy harvesting systems in a wide variety of applications. The rising demand for peak-output auxiliary power supply for a number of smart electronic appliances is a key factor driving the market. The need for rapid charge and discharge capabilities to extend battery lifespans in various end-use industries, especially automobiles, is a crucial factor leading to the preference of supercapacitors over conventional dielectrics. The growing demand for high-output in next-generation energy systems has led to the adoption of supercapacitor to be used along with a secondary battery.

The intensifying demand for a cost-effective, durable, and powerful rechargeable electricity energy systems in several hybrid and electric vehicles has bolstered the uptake of supercapacitors.

The application of capacitors for longer cyclic lives is also advocated by environmental conservationists, since the performance of conventional power systems, including lithium ion batteries, is constrained by the need for their frequent replacement over the product life-cycle. In addition, strengthening emission-control regulations, especially in countries of North America and Europe, is predicted to boost the supercapacitor market.

The non-biodegradability of these batteries can cause significant environmental concerns. In recent years, the proliferation of IoT devices is a key trend bolstering the uptake of supercapacitors in developed and developing countries. These devices are multi-functionalized and hence require vast processing speeds.

Government Funding in Developed Markets to Provide Impetus to R&D Activities

The high cost of development of supercapacitors and the limited commercialization are crucial factors likely to hinder the market growth to an extent. Nevertheless, intensifying inclinations by governments toward the development of next-generation energy harvesting systems. Substantial funding by governments in several developed regions, such as North America, is anticipated to offer sustained impetus to research and development activities undertaken by manufacturers. Furthermore, the growing focus of governments in various developing and developed nations on the adoption of renewable energy, such as development of photovoltaic cells, is likely to open up lucrative growth avenues for market players over the forecast period.

The rising prominence of smart sensors for industrial and consumer applications and the growing popularity of hand-held devices are key factors expected to unlock exciting opportunities in the coming years.

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Digital Power Conversion Market – Competitive Landscape & Technological Breakthroughs Analysis in Next Few Years

According to the research report on global digital power conversion market, it is anticipated to show significant market share with an exponential growth rate during the period of forecast 2017-2027. Since 2012, the digital power conversion market has been witnessing stellar growth owing to emergence of RFID and IoT technologies. The global digital power conversion market is projected to grow at a high CAGR of 17.8% throughout the period of assessment to reach a significant market valuation of more than US$ 62 Bn by the end of the assessment year from a value of around US$ 12 Bn in 2017. The increasing number of applications and increasing use of digital power technology in various applications are main aspects pushing growth of the global digital power conversion market. In the coming years, players involved in the digital power conversion market would be focusing on emerging economies such as Mexico, India and Brazil.

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AC/DC segment to reflect a lion’s share in the coming years

AC/DC segment by product type is a fast adopted product type and is the largest among other digital power conversion products. This segment is estimated to reach a valuation of more than US$ 16 Bn by the end of the assessment period. Heavy investments in this segment have been observed since past couple of years. This segment is highly lucrative and is expected to continue cementing its dominance in the coming future.

The isolated DC/DC segment in the product type category is also expected to reflect high potential in the coming years. This segment is expected to show an increase of about 6.9x in the revenue by the end of the forecasted year from the base year of 2017. This segment is also projected to grow at the highest pace to register an exponential CAGR of 21.3% throughout the period of assessment.

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Tough call between sequencers and power conditioning/active power filtering

Sequencers and power conditioning/active power filtering segments are expected to show similar growth rates in the coming years. The power conditioning/active power filtering segment is expected to grow at a pace shade lower than the sequencers segment. Sequencers segment is estimated to show a valuation of about US$ 6 Bn and is projected to grow at a CAGR of 14.8% throughout the period of assessment. However, the power conditioning/active power filtering segment is estimated to reflect slightly higher market value of more than US$ 6.2 Bn. Choosing between these two segments would be a challenging question for key players in the years to come.

Regional outlook

The global digital power conversion market is soaring through key regions of North America, Eastern Europe, APEJ, MEA, Latin America and Western Europe. In North America region, the isolated DC/DC segment is poised to grow at a higher CAGR than AC/DC segment, and is estimated to reflect a value of about US$ 1.1 Bn by 2027 end, which is slightly less than that of AC/DC segment. However, in Asia Pacific excluding Japan (APEJ) regions the isolated DC/DC segment dominates the market, followed by Dc/Ac segment, with a high valuation and stellar growth rate. In Latin America, the DC/AC segment is projected to grow at the highest pace to register an enormous CAGR of 40.9% throughout the period of forecast, 2017-2027. In Eastern Europe the sequencers segment is poised to reflect a higher market value and share in the years to come, thus leading the market in this region.

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Telecom Enterprise Services Market to Account for US$217.9 bn by 2023

According to a new market report published by Transparency Market Research “Telecom Enterprise Services Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023,” the global telecom enterprise services market in terms of revenue was valued at US$148.7 bn in 2014 and is forecast to grow at a CAGR of 4.1% during the period 2015 to 2023. Growth of micro, small and medium enterprises (MSMEs) across the world and high industrial activity driving telecom enterprise services are the key factors driving the growth of the telecom enterprise services market. In addition, more investments and economic growth of emerging markets in APAC region and increase in worldwide enterprise IT spending across verticals is further expected to drive the growth of this market over the forecast period.

The global telecom enterprise services market by solution was dominated by the voice segment with a market share of 34% in 2014. Enterprise-level voice services and unified communications are major voice services which enable enterprises to improve productivity, reduce operating and travel expenses, and reap the benefits of VoIP while leveraging the existing legacy system investment made by enterprises. Advantages of voice solutions include streamlining communications, improved collaboration, and support mobility. Wireless/Mobility market share is forecast to grow at the fastest rate during the forecast period from 2015 to 2023. Data/Internet Service segment is expected to witness the second fastest growth during the forecast period from 2015 to 2023.

In terms of end-user, the large enterprise segment with over 75% share in 2014 was the largest market in the overall telecom enterprise services market in terms of revenue. The small and medium enterprise segment is anticipated to be the fastest growing segment during the forecast period. Large numbers of startups being set up in the field of IT and ITeS across the world are expected to contribute to the global SME end user telecom enterprise services market.

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North America led the global telecom enterprise services market in 2014 with a share of about 36% in 2014 of the overall global telecom enterprise services market. There are approximately 3,800 independent communication technology partners and vendors (associated with Telecom Association (TA)) who consult with business end-users. These partners include master agents, agents, Telco agents, channel distributors, and VARs who enable sales of products and services of various telecom operators (vendors) globally. North America is one of the regions with the highest mobile penetration rate. On account of new opportunities, APAC and Latin America telecom enterprise systems market is expected to rise at a CAGR of 6.5% and 7.1% respectively during the forecast period 2015 to 2023.

The key providers in the telecom enterprise services market are X4 Solutions, Business Communications Management, Inc., WTG Technologies Limited, Telecom Brokerage Inc., Intelisys Communications, Inc., Telecom Brokers, Intracom Telecom SA, Converged Network Services Group, Advoda Communications, Inc. and Telarus Inc. among others.

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LLDPE Market Likely to be Driven by Rapid Growth of Packaging Sector

The global LLDPE market is expected to exhibit steady growth in the coming years on the back of the steady rise in demand for advanced materials in the packaging industry. The LLDPE market has grown at a rapid growth rate in recent years due to various advancements in the consumer goods sector, which have increased the need for LLDPE in production as well as packaging of a wide range of consumer goods products. Key drivers and restraints affecting the global LLDPE market are profiled in the report to provide readers with a clear idea of the motivating factors of the LLDPE market. The global LLDPE market is expected to be dominated by the packaging and nonpackaging films and coatings segment over the 2017-2022 forecast period, with Asia Pacific except Japan likely to be the leading regional contributor to the global LLDPE market.

According to Transparency Market Research, the global LLDPE market is expected to rise to a valuation of US$52.2 bn by the end of 2017, and further rise to US$70.6 bn by the end of 2022. The LLDPE market is expected to exhibit a strong 6.2% CAGR over the 2017-2022 forecast period.

Here are the key insights into the growth prospects of the global LLDPE market:

The prime driver for the global LLDPE market is the rising need for flexible packaging in the global packaging sector. LLDPE offers physical characteristics that make it perfectly suited for use in the production of flexible packaging, such as light weight, resistance to chemical and environmental reactants, and malleability. The ability of LLDPE to be stretched into thin coatings and sheets is thus crucial for the global LLDPE market, as flexible packaging requires tensile materials that can be produced cheaply.

Growth in international and long-distance shipping of food products is thus likely to be a key driver for the global LLDPE market. Increasing access to fresh produce in urban sales channels such as supermarkets and hypermarkets is also likely to enable strong growth prospects for the global LLDPE market, as LLDPE is popularly used to package fresh fruits and vegetables. The excellent moisture resistance offered by LLDPE has made it crucial for the food and beverage industry and is likely to ensure steady growth of the global LLDPE market in the coming years.

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The moisture resistance of LLDPE has also aided growth in its adoption in the agriculture sector. The highly tensile LLDPE is being widely used in agricultural sheets to improve moisture and nutrient retention of soils, making development of the agritech sector crucial for the global LLDPE market. Reducing soil erosion and increasing moisture retention is likely to be the focus of a large number of agritech solutions in the coming years due to the growing need to maximize agricultural output from existing resources, making the LLDPE market a likely beneficiary in the process.

The construction industry is also likely to be a vital contributor to the global LLDPE market. LLDPE sheets are used in the construction industry to safeguard concrete surfaces from exposure to water. Rampant urbanization in developing Asia Pacific except Japan economies is thus likely to be a crucial driver for the global LLDPE market, as Asia Pacific except Japan is likely to remain the leading contributor to the global LLDPE market over the coming years.

Global LLDPE Market: Competitive Dynamics

Key companies in the global LLDPE market include The Dow Chemical Company, Exxon Mobil Corporation, LyondellBasell Industries NV, Mitsui Chemicals Inc., SABIC, Mubadala Investment Company, Formosa Plastics Corporation, Reliance Industries Ltd., Mitsubishi Chemical Holdings Corporation, and Sasol Limited.

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Fish Boxes Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025

In recent years, there has been an increase in the usage of fish boxes and is expected to grow over the forecast period. Fish boxes are used for the storage and transportation of fresh and frozen fishes. All fish boxes are designed to keep in mind the required amount of water resistance, strength, and insulation to meet the physical requirements of the supply chain. Fish boxes are the best packaging solution for maintaining the cold chain. Cold chain management is a technique for protecting the foods from degradations. In this technique constant temperature is maintained until the product is used. The seafood degrades very fast because a lot of bacteria presents in the skin, and gills of fish. This produces high demand for cold chain management during transportation and storage of fish, which raise the demand for fish boxes those provide the favourable environment for the storage and transportation of fish. Fish boxes available with some extra features such as a highly sophisticated drainage system which allows substances such as blood, slime, fish oil and melted ice to flow directly out of the box through the drainage channels. Thus, it helps in preservation and protects freshness and quality of the product for a longer time.

Fish Boxes – Market Dynamics:

Growth in demand for fish boxes market is expected to grow strongly for several reasons. One of the significant factors contributing towards the growth of fish boxes is the growing consumption of fish because it is one of the rich sources of long-chain omega-3 fatty acids, vitamins, calcium, zinc and irons. The rising demand for lightweight fish boxes is key trends that will contribute to the growth of the thermocol fish box in near future. Due to increasing awareness about the environment and give importance to the utilization of renewable resources increase the demand of corrugated cardboard or solid board boxes in upcoming years. This lightweight fish box is highly demanded by the retailer because it helps in reducing storage space while the product is delivered. Increasing e-marketplace may affect the fish boxes market positively during the forecast period.

Fish Boxes – Market Segmentation:

The fish boxes market is segmented on the basis of raw material, and capacity.

On the basis of raw material type, the fish boxes market is segmented into –

• Corrugated cardboard and solid board
• Plastic
  • Polyethylene (PE)
  • Others
• Thermocol

On the basis of capacity, the fish boxes market is segmented into –

• Up to 20 kg
• 20 to 40 kg
• 40 to 60 kg
• Above 60 kg

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Fish Boxes Market – Regional Outlook:

Geographically, the fish boxes market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Among these regions, Europe is expected to dominate the market collectively. North America and MEA fish boxes market is expected to grow in the near future. Alternatively, many fish boxes suppliers and competitor companies are investing in Asia Pacific to tap the growing demand and potential. Several packaging companies are focusing on developing fish boxes with efficiency, high precision, and process control to serve the growing demand. Asia Pacific is the prominent consumer of the fish products so it may be the biggest market of fish boxes. India and China have expected the significant growth in market volume share as the rise in the retail sector in these regions. Asia Pacific has the largest regional market for fish boxes, owing to high demand from food and beverage industry.

Fish Boxes Market – Major Players:

Few of the major players identified across the globe in the fish boxes market are Smurfit Kappa, Craemer UK Ltd., Bonar Plastics Ltd., STYRO Insulation Material Ind., BPF EPS Group, Leiper Associated Packaging Limited, Styropack Uk Ltd., Heathpak Ltd., Haldia Thermopack Pvt. Ltd., New Kartiki Thermo Pack. etc.

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Retort Pouches Market: Rising Sales of Ready-to-eat Meals Propels Market in Asia Pacific

The global retort pouch market is characterized by intense competition owing to the presence of numerous prominent participants trying to outshine one another. In order to thrive in the market, keen players are seen resorting to cost-reduction and product innovations to better cater to the need of customers.

Some of the prominent participants in the global retort pouch market are Sealed Air Corporation, Huhtamaki Group, Amcor Ltd., Mondi Group, Bemis Company, Inc., Clifton Packaging Group Ltd., Foshan Nanhai LD Packaging Co., Ltd., Sonoco Products Company, Constantia Flexibles International GmbH, ProAmpac, Alliedflex Technologies Ltd., Paharpur 3P, Flexi-Pack Ltd., Flair Flexible Packaging, Tong Yuan Packaging Co. Ltd., Purity Flexipack Ltd., MST Packaging Co., Ltd., and Avonflex.

 

A report by Transparency Market Research finds that the global retort pouch market, which was worth US$4.29 bn in 2016 will likely attain a value of US$7.51 bn by 2025-end by clocking a steady CAGR of 6.5%.

Depending upon the type of products, the global retort pouch market can be segmented into stand up pouches, spouted pouches, pillow pack, zipper pouches, and 3-side sealed pouches. Of them, the stand-up pouches segment leads the market with maximum share. By 2025, the segment will account for a 30% share in the market. This is because of their widespread use in processed foods.

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Geographically, the key segments of the global retort pouch market are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. At present, Asia Pacific market is witnessing maximum growth on account of the high demand for properly packaged ready-to-eat meals and pet foods in the region. The region is expected to rise at a CAGR of 7.5% from 2017 to 2025.

At the forefront of driving demand in the global retort pouch market is the growing demand for convenient packaging solutions that have longer shelf life. Retort pouches offer just that by providing a strong barrier from air and light. Further, they have the ability to withstand high temperatures of up to 130-degree centigrade.

Fast-paced Life and Increasing Disposable Income Boost Sales

A fast paced life worldwide on account of demanding jobs and long commutes has led to people opting for easy-peasy ready-to-eat food products. This trend is now fast catching up in highly populated developing nations of India and China, where average disposable income is rising. This in turn is providing a solid boost to the global retort pouch market.

A noticeable trend in the market is the emergence and subsequent popularity of stand-up retort pouches which further drives the consumer interest in this market. “Companies are focusing on elevating their brand image through value added products which are also eye-catching. This is proving beneficial to the market as well,” explains the lead analyst of the TMR report.

Recyclability Problems Hamper Uptake

Factors posing a roadblock to the market, on the other hand, are recyclability and handling issues of retort pouches.  The multi-layer materials used for the production of retort pouches take more time to biodegrade and thus harm the environment.

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