Software Defined Perimeter (SDP) Market – Loopholes of Traditional Security Solutions Drives Demand

The software defined perimeter (SDP) market is competitive due to the high concentration of service providers, says Transparency Market Research (TMR) in a new report. In order to stay competitive, vendors have adopted various types of organic and inorganic growth plans such as partnerships and collaborations, new product launches, and mergers and acquisitions to amplify their offerings in the software defined perimeter market.

Some of the top players in the software defined perimeter market include Checkpoint Software Technologies Inc., Cisco Systems Inc., Symantec Corporation, and Intel Corporation among others.

Transparency Market Research estimates the global software defined perimeter market to develop at an outstanding 30.9% CAGR between 2017 and 2025 for the market’s valuation to increase from US$1, 129.5 mn in 2016 to US$12,247.9 mn by 2025.

In 2016, BFSI held the leading share of almost 24.8% amongst other end-use segments in the software defined perimeter market. In terms of geography, while North America dominates the global software defined perimeter market; however, Asia Pacific is expected to display a higher growth rate over other regional segments during the forecast period.

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The growth of the global market for software defined perimeter is driven by the increasing need for security system for protecting dispersed enterprise applications, for growing cloud based services, and for growing digitalization. This is mainly due to rising adoption of deployment based applications that demand upgrading to an equally advanced network infrastructure in order to leverage the full potential of these applications. In this scenario, SDP solutions allow security infrastructure to be easily configured, managed, and controlled using policy-driven, programmable, and scalable security framework, without any external high level expertise.

Some other factors such as economic development, rapid urbanization, and employment rate along with rapid industrialization are also driving the global software defined perimeter market. Vendors in the software defined perimeter space have significant growth opportunities in regions such as Asia Pacific, Latin America, and the Middle East and Africa attributed to their significantly rising industrial economy.

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Healthcare and Telecommunication and IT Promise to Lead Global Converged Infrastructure Market

The global converged infrastructure market is led by companies such as Dell EMC, Nutanix, Inc., and Hewlett-Packard Company which offer best on premise data centres in the world for hybrid cloud. In the years to come, it is anticipated that players with in the market will be expanding geographically by means of strategy collaborations, mergers, and acquisitions. It is expected that business expansion through investment will be leading strategy adopted by players from the converged infrastructure market, Transparency Market Research (TMR) notes in its recent research report.

According to TMR, the global converged infrastructure market will be worth US$76.26 bn by the end of 2025. It is anticipated that between 2017 and 2025 this Market will exhibit a cagr of 22.4%. on the basis of geography it is anticipated that by 2025 North America will account for 39.5% of the total Market. On the basis of end-users, the Telecommunications and IT sector will lead and exhibit a 34.2% of the total market.

Single Point of Storage Behind Demand for Converged Infrastructure

Growing investments by companies and organizations for the upgrading of the IT infrastructure will boost the growth of the converged infrastructure market. The demand for converged infrastructure is improving as it includes virtualization, networking, servers, storage as well as other resources which are managed holistically. The single point of storage will be a key reason for the demand of these systems. Organizations are increasingly opting for solutions which offers scalability, security, simplicity, and agility and this will positively influence the demand for converged infrastructure. It is anticipated that small and mid-sized organizations will develop an interest in adopting converged solutions in order to cut down IT operational cost.

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Growing Demand for Cloud-based Data Centres Aiding Growth of Market

The growing demand cloud-based data centres on account of companies moving their financial systems to cloud, will push the growth of the global converged infrastructure market. Cloud-based data centres are also in demand on account of their operational features and its architecture which eliminates the need for convention data centres. The increasing need for the secure and safe IT infrastructure so as to prevent any risk of cyber-attacks is another important reason behind the demand for converged infrastructure.

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Power System Analysis Software Market – Increasing Investments in Smart Grid Technology Bodes Well for Market

With a highly fragmented vendor landscape, the global power system analysis software market is characterized by the presence of large number of regional players spread across geographies. Leading players within the market have established their status by making their presence felt across the globe through strategic alliances and mergers and acquisitions. With a large number of service providers, the global power system analysis software market can be characterized as being extremely competitive in terms of product offerings. General Electric Company, Siemens AG, ETAP, and ABB are the top players within the market. Leading players within the market are focusing extensively on new product development with the motto of increasing the efficiency of the software, states Transparency Market Research (TMR) in its latest research.

According to Transparency Market Research, the global power system analysis software Market be worth US$11,585.7 mn by 2025, expanding at a CAGR of 12.7% between 2017 and 2025. On the basis of geography, it is expected that North America will continue to lead in the market. This region accounted for 33% of the total market in 2016, driven by smart grid systems. In terms of fastest growth, it is expected that Asia Pacific will expand at the fastest CAGR during the assessment period, led by China, India, Japan, and Australia. In terms of implementation model, this market is segmented into cloud-based and on-premise. Of these the on-premise implementation segment accounted for a whopping 81% of the total revenue generated from the overall power system analysis software market in 2016. This growth is on account of on-premise implementation at power utilities buildings. On the other hand, the cloud-based implementation segment will exhibit a steady growth in the forecast. On account of the growing penetration and widespread outreach of the internet.

Increasing Investments in Smart Grid Technology Bodes Well for Market

According to a TMR analyst, the primary factor fuelling the demand for power system analysis software is the rapidly increasing investments towards smart grid technology. Across the globe, the demand for electricity has increased. This can be attributed to the growing industrialization and urbanization. Therefore, the surge in the demand for electricity has compelled utility companies to boost their production of energy including setting up new power transmission networks as well as boosting their existing power transmission capacity.

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Utility companies are also focusing on expanding or increasing the capacity of the existing power lines and grades as well as any other associated infrastructure which can enhance the efficiency of electricity production and transmission. With smart power technology requiring system analysis software for the monitoring of great performance as well as for enabling condition-based maintenance, the growth of the power system analysis software market is assured during the forecast period from 2017 to 2025.

Government Initiatives to Boost Smart Power Technologies to Drive Market

Apart from all these factors, the global power system analysis software market also receives impetus from government bodies as well as regulatory agencies which are advocating the implementation of smart power technologies. Government bodies are boosting the adoption of smart water technology by providing incentives. In addition to this, regulatory mandates by concerned bodies will also help boost the growth of the global power system analysis. With increasing deployment of smart grid technology in developing nations, the demand for power system analysis software is also increasing.

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Farm Tire Market – Radial Tires to Account for Larger Revenue Share

The North America farm tires market features a highly fragmented competitive landscape. However the market features the presence of few well-established players having strong distribution networks. Also, these players have deeply penetrated into the farm tires market by introducing innovative and technologically advanced products. Companies are strengthening their position through mergers and acquisitions and continuously investing in research and development activities to come up with solutions to cater the customers’ requirement. For instance, Titan International Inc., introduced its new range of bias tires for skid steers in early 2017. These tires are targeted towards activities such as snow removal and landscaping, providing superior traction in snow, ice and mud.

Transparency Market Research estimates that the North America farm tire market, in terms of volume-wise sales, is expected to exhibit a moderate CAGR of 5.5% from 2017 to 2025, rising from 2,948 thousand units in 2016 to 4,750 thousand units in 2025. In terms of revenue, the market is expected to exhibit a more promising 11.9% CAGR over the said period, chiefly owing to the rising preference to radial tires.

Radial Tires to Witness Increased Demand in North America Farm Tires Market

In terms of type of tires, the North America market will witness the dominance of the segment of radial tires in terms of revenue generation while the segment of bias tires will continue to remain the leading segment in terms of sales volumes. The high costs of characteristically advanced radial tires will allow the segment to earn a larger share in the market despite lower sales over the forecast period. In terms of geography, the market in U.S. will continue to account for a larger share in the overall revenue of the North America farm tire market over the report’s forecast period.

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Demand for Higher Volumes of Food Products to Have Positive Influence on Market Growth

Rising demand for farm tractors and harvesting machinery is expected to help the overall farm tire market growth, as they are used for multiple purpose machines, including harrowing, plowing, tilling, and planting machines. Growing awareness regarding the importance of mechanization in in the agriculture sector for the maximization of output is aiding the growth of the market. Demand for technologically advanced tires such as with increased flexion (IF) and specialty farm tires such as combine tires, sprayer tires, and eco-friendly tires are further anticipated to contribute toward the expansion of the market during the forecast period.

Additionally, increase in demand for food and other related consumables, owing to the rising population of key markets in the region, and increased per capita income of farmers in North America are also likely to boost the sale of farm tires in the forecast period from 2017 to 2025. The market is also expected to benefit from the rising demand of tractors from hobby farmers.

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Cognitive Systems, Content Analytics and Discovery Software Market – Machine Learning to Emerge as Most Promising Application Segment

The global market for cognitive systems, content analytics and discovery software features a highly consolidated competitive landscape, wherein the top five companies cumulatively accounted for a massive 79% of the overall market in 2016, observes Transparency Market Research in a recent report. These, top vendors, namely IBM Corporation, SAP SE, Oracle Corporation, Google Inc., and Microsoft Corporation command stronghold on the global market owing to their immense focus on research and development and introduction of innovative products. An instance is the introduction of IBM Watson Imaging Clinical Review, a cognitive imaging solution, by IBM Corporation in March 2017.

To reinforce their hold on the market, leading vendors are also keen on partnering and acquiring companies in the fields of cognitive systems, content analytics and discovery software. For instance, SAP SE announced its acquisition of Roambi, a leading cloud analytics company, in February 2016.

Transparency Market Research estimates that the global cognitive systems, content analytics and discovery software market, which valued at US$9.88 bn in 2016, will exhibit an exponential CAGR of 23.5% over the period between 2017 and 2025, rising to a valuation of US$60.06 bn by 2025.

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Machine Learning Projected to be Most Attractive Application Segment

In terms of application, the segment of natural language processing held the dominant share in the overall revenue earned by the global market in 2016. The vast rise in usage of smart devices is one of the key factors strengthening the growth prospects of the natural language processing segment. The segment of machine learning is likely to be one of the most attractive application segments for the global cognitive systems, content analytics and discovery software market during the forecast period.

In terms of geography, North America dominated the global market in 2016. Early adoption of this technology and increasing volume of unstructured data are the key factors attributed to the stronghold of North America on the global cognitive systems, content analytics and discovery software market.

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IV Bags Market – Revenue Generation, Market Shares & Latest Development

The global market for IV bags features a largely fragmented and competitive vendor landscape owing to the presence of a large number of companies, observes Transparency Market Research in a recent report. Companies keen on expanding their consumer bases and gaining a larger hold on the market are focused on geographical expansion, strategic collaborations with promising regional companies, and R&D activities aimed at the development of new and more reliable product varieties.

Focus on the development of products made from environment friendly and biologically harmless materials has also increased as stringent environment-protection and patient safety norms keep rising in numbers across the globe. Some of the leading companies in the market are Haemotronic S.p.A, B.Braun Melsungen AG, Wipak Group, Baxter international Inc., Sippex, Renolit Solmed, and West Pharmaceutical Services Inc.

According to the report, the global IV bags market is expected to exhibit a promising 5.4% CAGR from 2017 to 2027, rising from a valuation of US$1,363.8 mn in 2017 to a revenue opportunity of US$2,316.5 mn by 2027. Based on material, the PP segment presently holds the dominant share in the market owing to the material’s non-reactive and inert nature. Geographically, the market in North America is presently the leading regional market in terms of growth prospects and revenue opportunity.

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Increased Demand for Parenteral Nutrition for Geriatric Population to Drive Market

One of thy growth drivers for the global IV bags market is the high use of injections for delivering drugs, liquid substances, and other nutritional products directly in the bodies of patients who have difficulties swallowing anything. The ease of use, easy availability, low costs, and availability in a variety of types based on materials and price ranges make IV bags one of the key components of parenteral nutrition procedures where these bags are often used to administer a variety of compounds such as amino acids to patients.

The market is also steadily expanding owing to the vast rise in prevalence of a number of chronic diseases requiring patient admissions to hospitals or other healthcare centers and the rising global population of geriatric, a demographic that is highly susceptible to a number of health conditions. Old people are also susceptible to a number of health conditions that impair their ability to consume vital nutrients or drugs orally, requiring IV bags for administering the same. Higher accuracy and quicker results associated with IV bags as compared to consuming drugs orally also work in the market’s favor.

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Medical Device Labeling Market – Revenue Generation, Market Shares & Latest Development

According to the latest market report published by Transparency Market Research titled “Medical Device Labeling Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017–2025,” global revenues generated from sales of disposable consumables were around US$ 716.4 Mn in 2017, and are projected to increase at a CAGR of 6.3% during forecast period 2017-2025. Disposable consumables segment is anticipated to be the highest contributor to the global medical device labeling market, over the forecast period, 2017-2025.

The global medical device labeling market has witnessed impressive growth over the past few decades, due to stringent FDA regulations and introduction of new medical devices in the market. Growing awareness regarding FDA standards helps in the growth of the medical device labeling market. Labeling helps to ensure the effectiveness and safety of a device. With the help of centralized labeling, the companies are empowered to rapidly shift labeling from one facility to another to continue support operations. Rising number of new medical devices and drug discoveries are some of the prominent factors which lead to an increase in the demand of medical device labeling.

On the basis of label type, pressure sensitive labels segment accounts for the largest market share of medical device labeling market of because of growth in the technological advancements to overcome the existing challenges. On the basis of application of medical device labeling market, disposable consumables segment is expected to dominate the market during the forecast period. On the basis of material type, paper segment dominates the market of global medical device labeling market.

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North America is estimated to account for the largest share in medical device labeling market due to high investment on research and development in the medical sector in this region. North America is expected to trail APAC in medical device labeling market. MEA is estimated to contribute a small but rapidly growing market share in medical device labeling market. Latin America is however slated for moderate growth over the forecast period.

The market players that have been profiled in the rpeort include – 3M Company, Amcor Limited, Mondi Group Plc, Avery Dennison Corporation, Lintec Corporation, Huhtamaki Oyj, UPM Raflatac, CCL Industries Inc, Schreiner Group GmbH & Co. KG, Denny Bros Ltd., WS Packaging Group, Inc, Resource Label Group LLC, Faubel & Co.Nachf. GmbH, Tapecon Inc., Weber Packaging Solutions, Inc., JH Bertrand Inc., Coast Label Company, and Label Source.

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