Intelligent Building Management Systems Market – Forecast on Market Dynamics, Emerging Trends, Growth Factors

Intelligent building management systems (IBMS) are used to manage the technology involved in modern buildings. Building management systems are further developed with the help of Internet and related IT infrastructure to create IBMS. All the management systems installed in a building are integrated in the IBMS with help of Internet protocol (IP) network. It helps in reducing the energy consumption rate and carbon footprint for the building. Automation helps in maintaining the sound infrastructure of the buildings and comply with the rules and regulations developed by government for building security. Operating costs are reduced with the help of IBMS as all the tasks related to maintenance are performed as per the schedule without any need of inspection.

Intelligent Building Management Systems Market: Key Drivers

Rapidly increasing construction sector is the main driver of the IBMS market. With the growing population, requirements for sound infrastructure are also rising. Also, buildings constructed nowadays are incorporating technology to improve the lifestyle of society. This rising adoption of technology in the buildings has increased the demand for IBMS. As new and innovative management solutions are being deployed in the buildings to manage technical applications. A single front-end interface is provided in the IBMS through which all the subsystems are managed.

It helps in increasing the efficiency of the whole building by reducing the errors and failures. Further, rules and regulations related to building safety has increased the demand for IBMS. All the buildings must comply with the safety standards established by the government. IBMS has different modules to deal with situations such as fire and flood. With the help of alarm systems residents are informed about the situation so that they can take evasive actions to protect themselves.

Moreover, changing customer mindset helps to boost the awareness about innovative technological solutions related to building management. Consumers are aware about the latest developments related to building safety and are demanding for it. Power-line communications provide tremendous growth opportunities for the IBMS market. It assists power-line communication technology by improving the low speed and high speed networking operations. However, lack of awareness about the IBMS and incompatibility of devices involved in the IBMS with the present systems are restraining the growth of IBMS market.

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Intelligent Building Management Systems Market: Segmentation

The IBMS market is segmented on the basis of product and application. On the basis of product the IBMS market is divided into the following segments: Communication protocols, general lighting controls, security and access controls, standards and data distribution, heating ventilation and air conditioning (HVAC) controls, outdoor controls, and entertainment controls. Furthermore, the applications using IBMS include hospitality, life science, energy and infrastructure, residential and retail, educational centers, religious centers, manufacturing buildings, and office space. Moreover, on the basis of geography, the global IBMS market is segmented into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa.

Intelligent Building Management Systems Market: Key Players

Major players in the IBMS market include Singapore Technologies Electronics Limited, Allied Digital Services limited, NG Bailey Group, Schneider Electric SE, Delta Electronics, Inc., Siemsatec Ltd., Pacific Control Systems, Larsen & Toubro Limited, T-Systems International GmbH and Advanced Control Corporation.

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Audio Communication Monitoring Market – Recent Analysis of Industry Trends and Technological Improvements For 2023

The communication technology is witnessing increasingly combined with network and IT infrastructure however, businesses are slowly realizing the importance of being able to monitor as well as maintain this capability centrally. The communication environments are also getting more complex, which increases the need for visibility into several aspects of these systems and cohesively manage them. IT managers are searching for various new ways to automate the process of issue identification so as to keep their communications systems current, secure as well as effective. Audio communication is a major tool for businesses to maintain their competitiveness in the global market. It helps companies to adhere with the risk and compliance management obligation, improve the operations quality as well as augment the overall productivity.

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Audio communication monitoring providers deliver the customers with independent audio monitoring as well as analysis solutions and supporting services in order to maintain the organization’s focus solely on their core operational activities. The demand for audio communication monitoring is also increasing among organizations due to the advent of advanced governance and, risk and compliance frameworks which they need to follow. Currently, audio communication monitoring solutions, in the form of alarm surveillance monitoring, voice biometric solutions, media monitoring, and mobile communications monitoring systems has helped the organizations to continuously and effectively analyze the audio content so as to gain better insights, further improving the agent and the customer relationship.

The increasing need for receiving real-time insights from the call records and communication data, converting it into structured form across the organization is significantly contributing to the growth of audio communication monitoring market. Also, audio communication monitoring systems reduce the initial investment and operational cost, and thus it has a growing demand from SMBs, further driving the market growth globally. The task of listening to live calls is time consuming and needs more time for supervision and management, which is another important factor swaying the global audio communication monitoring market growth.

Furthermore, with the rise of technically advanced solutions, the risk of cybercrimes, telemarketing frauds, as well as phone hacking has increased in a considerable manner. In order to monitor and control such misdemeanors, the use of audio communication monitoring devices has significantly increased swiftly in the recent past. The adoption by law enforcement agencies has further increased the growth of this market. BPOs and call centers are the key customers of audio communication monitoring system.

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Due to this increasing demand, the audio communication monitoring solutions providers are coming up with innovative solutions in order to gain competitive advantage in the market. These companies are helping large enterprises as well as SMBs to implement audio communication and provide quick insights on the fluctuating business conditions. In February, 2015, Tata Communications launched RoamPulseTM platform, which is a real-time roaming intelligence service that enabled the mobile network operators to enhance their customers’ roaming experience. It also provides real-time monitoring, reporting as well as alarming of the roaming traffic and resolves the problem of undetected roaming issues.

The key participants of audio communication monitoring market include IBM Corporation, Cisco Systems, Inc., NICE Systems Limited, Tata Communications Ltd., Nectar Services Corporation, Nexidia, Inc., Intelligent Voice Ltd, Fonetic Solutions, and Behavox Ltd.

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Liquid Analyzers and Services Market – Industry Analysis, Growth and New Market Opportunities Explored

Liquid analyzers are the instruments that are used for the determination of chemical composition of substances, which are directly involved in a chemical reaction. These liquid analyzers are also utilized for the measurement of physical parameters of the liquid that determine their chemical composition. At present, a range of liquid analyzers are available in the global market. For instance, pH & Redox / ORP analyzer is one among many liquid analyzers from ABB, which provide advanced functionalities for its users, such as, PID (proportional integral derivative) control, a sensor wash utility, in-line sensor diagnostics and automatic buffer recognition.

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Some of the major driving factors for the growth of this market are increasing usage of different liquid analyzers in a wide range of industries, rising demand for technologically advanced equipment and increasing number of partnerships and agreements among global players. Reduction in the overall cost of various liquid analyzers combined with the availability of new and improved liquid analyzers in the global market would further fuel the growth of this market. Huge scope for technological advancement and rising demand from developing economies due to ongoing investments for setting up of a range of liquid analyzers in the region would provide future opportunities for the growth of this market.

Geographically, North America dominates the global liquid analyzers and services market followed by Europe. Key factors driving the growth of the North American market are well-established infrastructure which enables increased usage of these liquid analyzers and high demand for new and technologically advanced liquid analyzers in the region. However, Asia Pacific is expected to be the most lucrative market for liquid analyzers in future.

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Key factors responsible for the rapid growth of this market in the region are ongoing infrastructural development, increasing investments in liquid analyzer equipment and growing awareness about the usage and benefits associated with these devices in the region. Most of the developing nations in Asia Pacific, especially China and India are growing at a fast pace and are increasingly investing in a range of industries, hence will contribute towards their infrastructural development, in turn will benefit the liquid analyzers market in the region.

Some of the key players operating in this market are ABB, AMETEK, Inc., Analytic Jena AG, Bio Tector Analytical Systems Limited, Emerson Electric Co., Endress+Hauser Consult AG, Hach Company, LaMotte Company, Mettler-Toledo International, Inc., Metrohm AG, Teledyne Technologies Incorporated, Thermo Fisher Scientific, Inc., XYLEM Inc. and Yokogawa Electric Corporation among others.

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Wireless Microphone Market – Forecast on Market Dynamics, Emerging Trends, Growth Factors

Advancements in technologies have an imperious effect on the competitive landscape of theAsia Pacific wireless microphones market, finds Transparency Market Research (TMR). To strengthen their existing position, leading players are increasingly focusing on innovation in wireless microphones integrating latest technologies.

Shure Inc., Sony Electronics Inc., Sennheiser electronic GmbH & Co. KG, Audio-Technica Corp., and Yamaha Corp. are leading the market for wireless microphone in Asia Pacific at present. However, the emergence of a large pool of small wireless microphone manufacturers, locally, is posing a threat to the dominance of these players. In order to compete with local manufacturers, major MNCs trading in Asia Pacific will need to expand their dealership network significantly over the next few years.

 

Increasing Number of Media and Sports Events Fuels Demand for Wireless Microphones

In Asia Pacific, the media and entertainment industry has been reporting immense growth since the last few years. It is experiencing a rapid increase in outdoor entertainment as well as sports events. As wireless microphones provide free movement across the facility, these devices are registering high demand in such events.

The last decade witnessed Asia organizing two of the biggest sports events, FIFA World Cup 2002 and Olympics 2008, and in the near future, the continent is all set to host Winter Olympics 2016, Commonwealth Games 2018, Summer Olympics 2020, and Winter Olympics 2022. Owing to these events, the region is expected to exhibit a high demand for wireless microphones in the coming years.

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Apart from this, wireless microphones are also finding significant application in government security services, adding considerably to the increasing demand for them.

Countries in Rest of Asia Pacific to Remain Leading Consumer of Wireless Microphones

As estimated by TMR, the opportunity in the market for wireless microphone in Asia Pacific is projected to expand at a CAGR of 9.80% during the period from 2015 and 2023 and reach US$611.4 mn by the end of the forecast period. Currently, the demand for wireless microphones is the highest in the Rest of Asia Pacific and it is likely to remain increasing in the coming years.

In 2014, the contribution of Rest of Asia Pacific in the total revenue generated by the overall market was US$95.9 mn, amounting to a share of nearly 33%. By the end of 2023, this region is expected to present an opportunity worth US$226.1 mn, rising at a CAGR of 10.20% between 2015 and 2023.

Wireless microphones are mostly utilized in events. The rise in sports and media events, worldwide, is likely to stoke the demand for these microphones in the coming years. In 2014, RF-based microphones were the highest demanded wireless microphones. However, the demand for Wi-Fi-based microphones is projected to report impressive growth over the forecast period.

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Lidding Films Market: Product Innovation and Inorganic Growth Route to Translate into Business Advantage for Players

As per one of the latest research reports by Transparency Market Research (TMR), the vendor landscape in the global lidding films market is highly fragmented and competitive on account of presence of a large number of market players. The top ten companies are estimated to hold only 26.6% of market share in 2017. While players that operate globally clearly lead the market, they are wary about threats posed by local vendors. This is because small companies despite a small scale set up offer products at lower prices, which is giving competition to bigger players to establish themselves in regional markets. “In this scenario, the global players are focusing on core business plastic packaging and are discontinuing various non-core operations,” said a lead TMR analyst. For instance, in November 2014 Bemis Company Inc. discontinued its global Pressure Sensitive Materials Business. Also, leading players are striving to expand their market presence with innovation and inorganic growth to tap growth opportunities in regional markets.

Some of the leading companies in the lidding films market are Bemis Company Inc., Constantia Flexibles Group GmbH, Uflex Ltd., Amocor Limited, Berry Global Group Inc., Winpak Ltd., LINPAC Packaging Limited, Schur Flexibles Holding GmbH, Plastopil Hazorea Company Ltd, Flair Flexible Packaging Corporation, Multi-Plastics Inc., Golden Eagle Extrusions Inc., FFP Packaging Solutions Ltd., Impak Films Pty Ltd., Flexopack SA, and TCL Packaging Ltd.

 

According to the report, the global lidding films market was evaluated at US$2.9 bn in 2016 and is estimated to become worth over US$5 bn by the end of 2025, registering a CAGR of 6.3% during the forecast period between 2017 and 2025.

Globally, on the basis of material type, the polypropylene segment is estimated to lead the market in 2017, holding 20.2% share vis-à-vis value. Among the key product types, the high barrier lidding films segment is estimate to hold the leading 53.6% market share in 2017. Geography-wise, Asia Pacific is anticipated to be a lucrative market displaying the leading CAGR of 7.2% over the forecast period.

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Emergence of Organized Retail Food Stores in Emerging Economies Boosts Growth

The changing lifestyle of consumers, across the world, is a key factor for solid growth of the lidding films market over the past decade. Due to the fast-paced lifestyle consumers are increasingly switching to organized retail channels such as supermarkets and hypermarkets for everyday needs, which has positively impacted the lidding films market. In particular, in emerging economies, the growth of the organized retail sector which has emerged as a significant channel for sale of consumer goods is expected to boost growth of the lidding films market. The high barrier property of lidding films that helps retain freshness of food for longer time is suitable for changing domestic structure in urban areas. This in turn, is aiding the market’s growth.

Benefits of Enhancing Brand Visibility Boosts Adoptions among Food Service Companies

In addition, rise in budget of brand owners for branding and promotional campaigns for newly launched products and pipeline products has paved way for the growth of lidding films market. Several food and beverage brands prefer lidding films for promotion as they enable high brand visibility. Brand owners preferences regarding lidding films is also dependent on the type of material used.

Despite a number of driving factors, the growth of the lidding films market is challenged due to several factors. This includes adverse effects of lidding films on environment, government regulations, and consumer perceptions.

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Growing Economic Presence of Logistics and Shipping Sector to Enable Smooth Growth of Utility Grade Duct Tapes Market

The global utility grade duct tapes market is likely to exhibit rapid growth over the coming years, with its numerous end uses and widespread adoption enabling smooth growth of the utility grade duct tapes market in a number of regions across the world. The packaging and construction sectors are likely to remain important for the global utility grade duct tapes market in the coming years, while regionally, Europe is likely to remain the dominant contributor to the global utility grade duct tapes market. The use of utility grade duct tapes is likely to be highest in repairing applications in the coming years, with the repairing application segment likely to consistently account for more than 30% of the global utility grade duct tapes market over the 2017-2022 forecast period.

According to Transparency Market Research, the global utility grade duct tapes market is likely to reach a valuation of US$395.1 mn by the end of 2017 and further rise to US$505.6 mn by the end of 2022, exhibiting a solid 5.1% CAGR therein.

Here are the key insights into the global utility grade duct tapes market’s growth prospects in the coming years:

The rising preference for DIY projects is likely to remain a key driver for the global utility grade duct tapes market over the 2017-2022 forecast period. This factor is particularly prevalent in developed regions such as North America and Europe, where the average consumer has more choices to choose from in terms of DIY projects. Growing awareness about the economic benefits of DIY is likely to enable a steady rise in the adoption of DIY practices, leading to rising demand from the global utility grade duct tapes market.

The rapid rise of the shipping and logistics industry is likely to be a major driver for the global utility grade duct tapes market over the 2017-2022 forecast period. Due to growing globalized trade, shipping and logistics is likely to be vital to the global economy in the coming years. The widespread use of utility grade duct tapes in the shipping and logistics sector is thus likely to remain a key driver for the global utility grade duct tapes market over the 2017-2022 forecast period. The growing demand for paperboard packaging is likely to tie in with the global utility grade duct tapes market to aid rapid growth of the latter, as utility grade duct tapes are widely used to seal paperboard packaging.

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The growing use of duct tapes to repair household items is likely to be a key driver for the global utility grade duct tapes market over the 2017-2022 forecast period. Repairing emerged as the major application of utility grade duct tapes in 2017, with a share of 31.8% in the global market in 2017. The repairing segment of the global utility grade duct tapes market is likely to exhibit a strong 5.4% CAGR over the 2017-2022 forecast period.

Geographically, Europe is likely to remain the dominant contributor to the global utility grade duct tapes market over the 2017-2022 forecast period, with North America and Asia Pacific except Japan also likely to emerge as key regional markets for utility grade duct tapes in the coming years. The latter two are likely to remain more promising for utility grade duct tapes market players, with the North America market expected to exhibit a CAGR of 5.9% and APEJ likely to exhibit a 5.8% CAGR over the 2017-2022 forecast period.

Global Utility Grade Duct Tapes Market: Competitive Dynamics

Leading companies in the global utility grade duct tapes market include 3M Company, Berry Global Group Inc., Tesa SE Group, Intertape Polymer Group Inc., Shurtape Technologies LLC, Scapa Group Plc, Vibac Group S.p.a., Bolex (Shenzhen) Adhesive Products Co. Ltd., Pro Tapes and Specialties Inc., and Shanghai Yongguan Adhesive Products Co. Ltd.

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Asia Pacific excluding Japan to Account for Dominant Revenue Share of Global ESD Bags & Pouch Packaging Market

The drive for various ESD (electrostatic discharge) packaging materials stems from the need for protecting to shield sensitive items from static electric charges or to prevent the charge generation. There is a substantial demand for ESD bags and pouches in shielding static-sensitive electronic devices and equipment while being stored or transported. These bags and pouches also find applications in environments where the buildup or retention of static charges may pose significant health hazards, such as in hospitals and military facilities. The rising uptake of anti-static materials for various other sensitive devices in several end-use industries such as defense and military, manufacturing, aerospace, and healthcare is accentuating the ESD bags and pouch packaging market.

The ESD bags and pouch packaging market is projected to rise from a valuation of US$358.9 Mn in 2017 to reach US$495.0 by 2022 end. The market is estimated to register a CAGR of 6.6% during the forecast period of 2017–2022.

Find below an in-depth insight into key factors and trends influencing the growth of the global ESD bags and pouch packaging market:

The rising demand for anti-static packaging for the storage, handling, and transportation of various ESD-sensitive devices or substances such as electrical & electronic components, explosive powders, and drugs. The growing use of anti-static packaging for the safe handling and shipping of a variety of electronics and electrical devices, is a key factor boosting the market. The rising demand for static sensitive bags and pouches for a number of light-weight items in various shapes and sizes is a key factor driving the market. The intensifying need for protecting environments from the hazardous buildup of electro-static charges has catalyzed the demand for ESD bags and pouches in various end-use industries.

The incorporation of Faraday cage layers in ESD bags and pouches helps in protection of devices and equipment prone to damage by electric fields, thereby bolstering their uptake. The advantage of a non-conducting barrier of these packaging is a key factor catalyzing the uptake. In addition, the need for long-term storage of medical devices is also a significant factor boosting the market. The use of ESD bags and pouches has also enabled various end-use industries to meet regulatory requirements, as in the healthcare industry.

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The growing use of semiconductors and integrated circuits (ICs) in the automotive industry is a prominent trend expected to substantially boost its demand. The soaring popularity of miniaturized electronic devices is further expected to accentuate the demand in the industry world over. Constant improvements made in conductive antistatic bags is a key trend expected to open up exciting opportunities for market players.

Geographically, the Asia Pacific excluding Japan (APEJ) is predicted to be the most lucrative market for and currently holds a major revenue. The regional market is projected to witness an absolute opportunity estimated at US$68.3 Mn over the forecast period 2017–2022. The major materials used to make ESD bags and pouch packaging are conductive and dissipative polymers, metal, and additive. Of these, the conductive and dissipative polymers segments holds the lion’s share of the market in 2017 and is projected to be worth US$ 433.9 Mn by the end of 2022. The segment is witnessing dominant growth in revenue annually during the forecast period.

Competitive Dynamics

Several players are focused on developing durable and high-performance ESD bags and pouches with competitive pricing in order to consolidate their positions in various regions. Prominent players operating in the global ESD bags and pouch packaging market include Desco Industries, Inc., Tekins Limited, Elcom (U.K.) Ltd., GWP Group Limited, Botron Company Inc., Conductive Containers, Inc., Conductive Containers, Inc., Electrotek Static Controls Pvt Ltd, and Statclean Technology (S) Pte Ltd.

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