Monday, 5 March 2018

Wearable Sensor Market: Rising Adoption of Multifunctional Smart Devices in Monitoring Wellness among Populations Bolsters Uptake

  March 05, 2018    No comments
Some of the leading players operating in the global wearable sensor market are NXP Semiconductors N.V., InvenSense, Inc., Infineon Technologies AG, Freescale Semiconductor Inc., Panasonic Corporation, Broadcom Corporation, and Analog Devices, Inc., notes Transparency Market Research (TMR). In the recent few years, several top manufacturers have been focusing on adopting advanced sensor technology to develop smarter wearable devices that can be used in a wide range of applications areas, observes TMR. The advent of smart watches and intelligent consumer devices has opened up lucrative avenues for market players, which is expected to intensify the competition in the coming years.
The worldwide market for wearable sensor is predicted to rise at a substantial CAGR of 45.20% during 2014–2020. The market stood at a valuation of US$70 mn in 2014.
Wearable Image Sensors to Witness Substantial Demand
Based on product type, the wearable sensor market is segmented into motion sensors, medical based sensors, pressure sensors, temperature sensors, image sensors, and position sensors. Of these, the wearable image sensor segment is projected to rise at the leading CAGR over the forecast period. The impressive growth of the segment is primarily attributed to their substantial applications in mobile devices in the area of infotainment and defense.
Based on geography, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Of these, the North America market for wearable sensor held the leading share of in 2014 and is anticipated to rise at an impressive pace over the forecast period.
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Reducing Average Price of Wearable Sensors Unlocks New Opportunities
The growing number of applications of sensors in a variety of smart wearable devices, primarily to monitor and track several health parameters, is a key factor driving the wearable sensors market. Wearable smart devices have gained traction in the healthcare industry useful for the monitoring of various parameters such as blood pressure, heart rate, and body temperature. The increasing focus of populations about managing their health and fitness in real time has boosted the demand for wearable sensors in making smart devices. The growing popularity of proactive monitoring of patient data among healthcare providers to prevent life-threatening complications has further bolstered the uptake of wearable sensor technology.
However, the mounting security and compliance concerns in smart wearable devices has hindered their adoption, which is likely to impede the wearable sensor market to an extent. Nevertheless, the rising efforts by manufacturers in the integration of wearable sensors with multifunctional smart devices is a key trend expected to accentuate the market. The growing focus of leading technology players such as Google and Microsoft in developing sophisticated devices bodes well for the wearable sensor market. In addition, in the coming years, the cost of raw materials used in manufacturing smart devices is likely to reduce, thereby increasing the penetration of wearable sensors. In addition, recent advancements in manufacturing methods, such as 3D printing, has opened up new avenues of growth for market players.
Recent mainstreaming of fitness bands and smart watches among consumers in various developing and developed regions has catalyzed the growth of wearable sensor market. Furthermore, substantial research in sensor and recent design innovations in smart wearable devices are crucial factors expected to unlock exciting opportunities for market players in the coming years.
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Anti-counterfeit Pharmaceuticals Packaging Market – Industry Trends and Forecast to 2024

  March 05, 2018    No comments
Counterfeiting is gravely impacting the pharmaceuticals industry by causing substantial losses in terms of revenue and credibility. Counterfeit pharmaceutical products, labelled with the names of original and legitimate product manufacturers are entering local markets globally. This has become a matter of serious concern for pharmaceutical companies, and the threat of lawsuits is a constant worry. Players in the pharmaceutical industry around the globe are increasingly working on ways to stop counterfeit products from penetrating the markets in order to prevent negative impact on their sales revenue and brand image.
Counterfeit pharmaceutical products are so very well packed that normal identification techniques are unable to differentiate between legitimate or original packaging and counterfeit ones. These products then end up being sent to the retail market for sale. Forged products, due to sub-standard quality, pose severe health concerns among consumers, which results in steadily diminishing brand image of original products. 
Each year, multi-million dollar losses are incurred by players in the global pharmaceutical industry due to presence of counterfeit products in their supply chain. Pharmaceutical products are one of the basic needs of consumer and this high need for medication invariably results in them coming in contact with counterfeit products due to the abundant availability of such products in local markets. 
Anti-counterfeit pharmaceuticals packaging has emerged as one of the most effective solutions to limit counterfeiting in the pharmaceutical industry. Growing incidence of counterfeiting in the pharmaceutical industry is resulting in increasing demand for anti-counterfeit pharmaceuticals packaging. This market is expected to expand at a significantly high growth rate over the forecast period as a result. 
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Global Master Data Management (MDM) BPO Market to breach US$13.0 bn mark by 2025

  March 05, 2018    No comments
A recent business intelligence study by Transparency Market Research (TMR) has notified that the master data management (MDM) BPO market is primed for a prosperous future. And while the global shares are moderately consolidated among a small pool of players, regional players are mushrooming too, which in turn is upholding collaborations and acquisitions as some of the key strategies for the major players to maintain their stronghold. Some of the prominent players in the global MDM BPO market are Accenture, Reltio, Riversand, Capgemini SE, Informatica Corporation, Tibco Software, Stibo Sysytem, Inc, Spacepage, Almaviva, Atos SE, Almaviva, and Tata Communication Services, Ltd. In addition to geographical expansion via partnerships, a number of major players of this market are also focused on growing organically, developing new products that can lure a greater chunk of customers.
As per the projections of the TMR report, the demand in the global master data management BPO market will expand at a robust CAGR of 13.4% during the forecast period of 2017 to 2025. The analysts have evaluated that the opportunities in the MDM BPO market translated into a revenue of US$5,030.9 mn in 2017, and estimated the valuation to swell up to US$13,717.0 mn by 2025.
Based on component, the report segments the master data management BPO market into software including on-premise and cloud and services, which has been further bifurcated into system integration, consulting, master data management services, and operation and maintenance. On the basis of solutions, the market has been categorized into product data solution, multi-domain MDM solution, and customer data solution. The report also takes stock of the potential of demand for MDM BPO that can be expected from the end use industries of banking, financial services, and insurance (BFSI), automotive, manufacturing, IT and telecom, retail, and others. Geographically, North America has been highlighted as the most profitable region, followed by Europe. However, the region of Asia Pacific is projected to experience expanding demand at a much stronger CAGR during the forecast period of the report.
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Quite a few factors are behind the impressive growth of the global master data management BPO market, but none bigger than the indispensable need to have a process of centrally managing data.  With growing adoption of new and technologically advanced automation methods across various enterprises to improve efficiency, the need to manage huge data is also continuously increasing.
Consequently, a tool or software is the required that can be customized with the changes seamlessly. Furthermore, increase in need for compliance and verification and escalating demands for data quality and operational excellences is driving the master data management BPO market. Data breach is an important consideration for organizations due to the increasing number of cyber-attacks in recent years.
Security Concerns Obstructing Market’s Prosperity
On the other hand, MDM BPO services encounter security threats and are vulnerable to cyber-attacks. Additionally, lack of awareness is another restraint reflecting negatively over the market. However, in the past few years, master data management has witnessed substantial advancement with the emergence of the Internet of Things (IoT), which is revolutionizing many information technology and being used by a wide range of industries.
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Organizations are ramping up their investment in the IoT technology, as it offers various advantages in the sectors of global networks, big data analytics, and cloud computing. A numbers of startups have also been mushrooming across the globe too, which would further boost the market during the forecast period.
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CCTV Camera Market – Dome Cameras to Grow at Healthy Clip due to Investments

  March 05, 2018    No comments
The global CCTV camera market is witnessing a wave of consolidation on account of mergers and acquisitions. Another noticeable pattern in the market is the high concentration of manufacturers in the U.S. and Asia Pacific. Most of them are pouring money into development of new and better products to outgun their competitors.
Some of the prominent participants in the global CCTV camera market are Axis Communications AB, Bosch Security Systems, Inc., Geovision Inc, Hangzhou Hikvision Digital Technology Co Ltd, Hanwha Techwin Co. Ltd, Honeywell International Inc., Panosonic System Network Co. Limited, Pelco Inc, Toshiba Corporation, and Zhejiang Dahau Technology Co. Ltd.
As per a report by Transparency Market Research, the global CCTV camera market is slated to expand at robust 12.7% CAGR during the period between 2017 and 2025 to become worth US$23.32 bn by 2025.
Depending upon the type of model, the global CCTV camera market can be segmented into PTZ camera, box camera, dome camera, bullet camera, etc. Of them, the segment of dome camera leads the market and in 2016 its leading share came to about 45% share in 2016. The segment is expected to grow at a healthy clip in the years ahead as well on account of the investments in its technology.
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Geographically, the key segments of the global CCTV camera market are North America, South America, Europe, Asia Pacific, and the Middle East and Africa. Of them, Asia Pacific is a market leader and will likely remain so in the years to come as well. This is primarily on account of the low priced CCTV camera systems, manufactured mainly in China, which gives tough competition to higher priced products from other regions. The TMR report predicts the market in Asia Pacific to expand at 14.6% CAGR from 2017 to 2025.
At the forefront of driving growth in the global CCTV camera market is the burgeoning modern retail outlets and hospitality sector where surveillance becomes important in order prevent shoplifting and also to keep a tab on other activities of attendants and customers. Besides, increasing need for surveillance to tackle security issues is also having a positive impact on the market. Rising threat of terrorism and other geopolitical problems have had a direct bearing on the sales in the market.
Technological Advancements Stoke Market Growth
Another factor majorly fuelling the global CCTV camera market is the technologically advanced cameras with better image quality and other functionalities. Adds the lead analyst of the TMR report, “Digitization in the surveillance market has led to the emergence of effective CCTV cameras having integrated solutions. On account of gigantic strides made in the domain of technology, various types of CCTV cameras are available in the market that differ on the basis of model types and technology. The software and hardware integrators of CCTV cameras are engaged in offering effective design and installation facilities to their customers.”
Robust investments in research and development initiatives have had a positive impact on the growth of CCTV camera market worldwide. The CCTV camera market is governed by technology advancements in the areas of software, hardware, service, and maintenance.
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Desiccant Wheel Market – Silica Gel to Retain Position as Dominant Desiccant Variety

  March 05, 2018    No comments
The global desiccant wheel market is highly competitive in terms of products and services offered, observes Transparency Market Research (TMR) in a recent report. Key players in the market, including Munters AB, which earned nearly 33% of its revenues from sales of desiccant wheel products and solutions in 2015, focus on differentiating their offerings from those of their competitors and adding innovative products and services in their portfolio. “With the presence of many smaller players in the market, partnerships have become crucial for success,” states a TMR analyst. Other notable vendors in the market are NovelAire Technologies, Trane, DRI, Proflute AB, Rotor Source, Inc., Seibu Giken DST AB, and Flakt Woods Group.
TMR estimates that the market holds immense growth opportunities and will tread along a healthy growth path over the period between 2016 and 2024. The market is expected to exhibit a nearly 5% CAGR over the said period, rising from a valuation of US$296.5 mn in 2015 to US$ 463.0 mn by 2024. Of the key desiccants used in desiccant wheels, the segment of silica gel dominated by a sizeable margin, holding a 68% of the overall market in 2015.
From a geographic perspective, North America led the global market in 2015 and is also expected to remain one of the most attractive regional market over the forecast period. Market in Asia Pacific, however, is expected to outpace North America owing to the high concentration of operations units of several key end-use industries.
The increased emission of carbon and other greenhouse gases such as nitrous oxide and methane owing to the rapid pace of industrialization has resulted in a rise in temperature levels globally. These drastically rising levels of temperature are resulting in higher concentrations of humidity in the atmosphere. According to NASA’s Goddard Institute for Space Studies (GISS), 2015 was ranked as the warmest year on record.
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Also, increased temperatures are resulting in an increase in surface humidity. These factors are driving the heightened need for dehumidification equipment across multiple industries, such as food and beverages, chemicals, and pharmaceuticals. With increased humidity levels, the amount of moisture absorbed by desiccant wheels increases, which in turn reduces their lifespan and drives the need for additional desiccant wheels across key end-use industries. This factor is expected to have a significant positive impact on the overall development of the global desiccant wheels market over the forecast period.
The market is also expected to be driven by the rising demand for energy efficient heating, ventilation, and air-conditioning (HVAC) equipment in the next few years. HVAC equipment could be extremely costly. In order to reduce the cost of overall HVAC systems with low energy consumption and operational intelligence, desiccant-wheel-based dehumidification systems are preferred by consumers.
Low Performance at High Temperature and Humidity Level to Hamper Market Growth
One of the key issues with desiccant wheels is that they cannot operate at full potential in high levels of temperature and humidity. In such situations, the performance of desiccant wheels is drastically affected and the increased need for replacement with new equipment is felt. This factor is expected to have a sizeable negative impact on the overall development of the global desiccant wheel market in the next few years.
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Pungent smells from sources such as cigarettes and building materials get stored in desiccant wheels along with the moisture it adsorbs from the surrounding air in a vicinity. When the desiccant is reheated to remove adsorbed moisture during the regeneration process, it also results in the heating up of the odor previously stored, producing a stronger odor. This could sometimes result in unhealthy atmospheres for people working around.
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High Resolution Dispensing Systems and Equipment Market – APAC Countries Offering Maximum Scope for Future Growth

  March 05, 2018    No comments
The worldwide market for high resolution dispensing systems and equipment is generally divided, with the best five organizations representing an aggregate offer of about half of the general market in 2015, watches a current report by Transparency Market Research. These organizations, including Besi, Illinois Tools Works, Inc., Nordson Corporation and are more centered on item development and headway in innovation to reinforce their positions in the highly aggressive market.
As per Transparency Market Research (TMR), the worldwide high resolutions dispensing systems and equipment market is relied upon to be worth US$3.09 bn before the finish of 2024 from US$1.8 bn in 2015. The worldwide market is foreseen to surge at a CAGR of 6.3% amid the gauge time of 2016 and 2024. The worldwide market is probably going to be driven by the automotive sector in the coming years at a 3.4% CAGR. The demand for automotive dispensing systems will stay high due their points of interest, for example, enhanced efficiency and diminishment in disappointment. As far as region is concerned, North America is relied upon to hold a predominant offer in the worldwide market. The open doors in this provincial market is probably going to be worth US$864.0 mn before the finish of 2024.
The worldwide high resolution dispensing systems and equipment market is principally determined by components, for example, the expanding use of these equipment in the electronic business and the expanding demand for exactness and accuracy underway procedures over a large group of ventures. High-resolution dispensing systems and equipment find broad utilization in electronic applications, for instance, gasketing, electronic get together, protecting, and plastic holding, mostly attributable to their high level of exactness and accuracy.
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The joining of mechanization over a few ventures, for example, car, oil and gas, aviation, and protection is likewise anticipated that would fundamentally add to the development of the high resolution dispensing systems and equipment over the globe in the coming years. These enterprises require dispensing framework for enhancing their generation quality. Programmed high resolution dispensing systems help anticipate material dispensing in the wrong area, along these lines expanding the general profitability, decreasing expenses, and bringing down the odds of part disappointment of high-end machines.
Cost and Design Constraints of High Resolution Dispensing Systems and Equipment to Obstruct Growth
High resolution dispensing systems and equipment are generally more costly than ordinary dispensing systems and equipment as they include the most recent progressions in the handling innovation. The high expenses acquired by organizations for undertaking innovative work of cutting edge item assortments add to the base cost of these systems and equipment. Notwithstanding the high base expenses of high resolution dispensing systems and equipment, their highly complex nature demands convenient upkeep, which again adds to the general cost of their operation.
These components altogether confine the market’s development prospects, with for the most part of the developed economies equipped for managing them. This situation obstructs the market’s prospects of extension over the high development potential however cost-touchy mechanical segment in creating economies crosswise over Asia Pacific and Latin America.
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All things considered, the market has huge development openings crosswise over enterprises, for example, therapeutic gadgets and sun oriented power age. The assembling of therapeutic gadgets requires mechanized and semi-robotized dispensing systems fit for offering highly repeatable and precise dispensing of glues, for which, high resolution systems could end up being perfect. In sunlight based applications, high resolution dispensing systems and equipment could help enhance the life span and nature of vitality delivering systems.
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Booming Construction Sector to Significantly Drive Global Commercial Building Automation Market

  March 05, 2018    No comments
A collective share of 39.1% permitted three players in the global commercial building automation market to take lead in the year 2015. Siemens AG, ABB Ltd., and United Technologies Corp, each enjoyed vital tactical advantage in the global market for commercial building automation in 2015 through numerous avenues such as mergers and acquisitions, tapping the unexplored markets of emerging economies in the world, and launching enhanced products. The remaining market across the globe for commercial building automation showed high levels of fragmentation at the mentioned time, with the existence of a large pool of regional players in the market.
According to the research report published by Transparency Market Research, the global market for commercial building automation is reached an overall valuation of US$77.63 in the year 2016. This market valuation is expected to grow and touch the figure worth US$108.49 bn over the course of the given forecast period of 2016 to 2024 in terms of generation of revenue. The overall growth rate for the development of the global commercial building automation market is expected to show an impressive CAGR of 4.3% throughout the given period of forecast of 2016 to 2024. The extent of competition in the global market is projected to grow even more over the coming years of forecast period due to the aggressive expansion tactics adopted by the leading companies along with numerous lucrative opportunities emerging in the market that will attract new players in terms of swift growth.
The chief factor responsible for driving the overall growth of the global commercial building automation market as well as the business expansion of players in it is the constant boom in the construction sector itself. Improvements in the economy across the globe are creating a wider scope of demand for different construction projects in residential as well as industrial sectors. This is more evident in the emerging economies of the Middle East and Africa region as compared to others. These regions are acting as a strong base for commercial building automation and thus are expected to significantly drive the overall growth of the market.
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The swift development of the construction sector is presently the primary reason for causing high demand for more efficient projects that will use less volumes of materials along with having a comparatively lower requirement for power. In addition to this, the increasing concern over the rapidly decreasing stockpiles of fuel and growing environmental pollution have enforced numerous governments to impose stringent policies regarding the efficient use of resources. This is expected to directly impact the overall development of the global commercial building automation market in the near future.
High Cost and Slow ROI to Impede Market Growth
However, the growth of the global market is not without any challenges in front of it. The gross cost of installation, maintenance, and operation of these commercial building automation systems is on the higher side. This is expected to be the chief impeding factor in slowing down the growth of the global market. The high costs are also responsible for demotivating new players into entering the market and the slow rate of ROI is also considerably slowing down the adoption among the end users. This is expected to create some problems for the smaller players in the global market for commercial building automation.
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Collagen Market-By Source (Pig, Poultry, Cow, and Marine), By Product (Natural, Hydrolyzed and Gelatin), By Application (Cosmetics, Healthcare, Food and Beverage), and By Region-Forecast 2022-2031

SDKI Inc. published a new report on the collagen market on January 25, 2022.  This study includes the statistical and analytical approaches ...