Global Human Capital Management (HCM) SaaS Market 2019 To See Worldwide Massive Growth

Human capital management (HCM) SaaS is a cloud-based human resource management software that offers integrated functionality for small and mid-sized companies. The human resource management functions offered by HCM SaaS include the management of staff profiles, attendance, training, performance and review, payroll and benefits, workforce directory and analytics, and networking among employees.

Owing to these various integrated functions and solutions offered by the HCM SaaS software, it helps in streamlining of human resource functions, business intelligence functions, and various reporting activities, thereby improving the operational efficiency of a company. Compared to traditional alternatives, cloud-based HCM solutions do not require any hardware and can be remotely deployed. Additionally, remote access through the web and mobile from any place and at any time offer added advantages to users.

Lower deployment costs and maintenance expenses than traditional human resource management solutions are some of the major factors driving the growth of the HCM SaaS market. Additionally, the growing need to streamline human resource functions is fuelling the HCM SaaS market. With growing size of organizations and competition among adversaries, there is a budding need to predict an employee’s contribution and long-term growth in an organization, coupled with other strategic analyses of performance and achievements. This is fuelling the demand for the HCM solutions market.

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For small and mid-sized companies, HCM SaaS solutions are the preferred choice owing to their low cost, data mobility, and ease of access benefits. Additionally, increased adoption of cloud solutions and services is further aiding the growth of the market for HCM SaaS solutions. Furthermore, a rise in demand among organizations for the improvement of workforce management and creating talent mobility are aiding in the market growth of HCM SaaS solutions. However, lack of awareness regarding the existence of HCM SaaS solutions is a major hindrance toward the growth of the HCM SaaS market. Nonetheless, with the advent of the Internet of Things (IoT), machine learning and automation of functions are expected to present future growth opportunities for the HCM SaaS market.

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Network Function Virtualization Market Seeking Growth from Emerging Players, Sourcing Strategy and Downstream Buyers To 2024

Network function virtualization (NFV) represents the shiftof focus from hardware to software in the telecom industry, with operators making loftier investments in software than in storage, server, and switch hardware. The software segment accounted for a major share in the network function virtualization market in terms of revenue contribution. Geographically, this market is distributed over North America, Europe, Asia Pacific, Middle East &Africa (MEA), and Latin America.North Americadominated the global demand for network function virtualization in 2015 and is expected to retain its position over the forecast period, thus creating considerable opportunities for market players. The U.S. is a significant contributor to the growth of network function virtualization due to the superior technological infrastructure in the country and its acceptability of innovative and niche systems such as network function virtualization which are anticipated to experience rapid growth, propelling the market in North America.

The market is primarily driven by the commercial deployment of NFV by telecom operators such as Telefónica, AT&T, Verizon, and CenturyLink. The migration to the 5G network further pushes the need to deploy NFV technologies. Leading vendors intending to improve customer experience of network usage is also projected to play a role. Asia Pacific is a highly attractive market for network function virtualization in terms of growth potential owing to the consumer awareness in this region. Latin America is a potentially attractive market for and its share is likely to rise over the forecast period.

The network function virtualization market is highly competitive with the presence of large-scale as well as small-scale global and regional vendors. All the companies race against each other to increase their respective shares of revenue in the market. This cut-throat environment is projected to further intensify with new entrants in the market, which is primarily motivated by technological upgrades of existing services. To survive and gain success in this market, it is important for leading companies to distinguish their services through a unique and clear value proposition.

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Establishing communities such as Open NFV and strong partnerships are predicted to strengthen their market positions and generate revenue. Deployment of network function virtualizationis majorly implemented by service provider networks such as Telefónica, Vodafone, AT&T, and Orange. Competition between vendors offering similar solutions is more intense compared to that in the total market. In order to gain a competitive edge and to meet increasing demands, network function virtualization companies focus on providing services that increase efficiency and reliability.

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Smart Connected Assets and Operations Market Is Set For A Rapid Growth By 2024

The Internet of Things has become a globally adoptive technological solution which has shown a significant shift from the academic circles to various other industry. This is predominantly, due to the development of cost-effective sensors, affordable connectivity, accessible cloud platforms, effective processing and storage capabilities of large amounts of structured and unstructured data by the big data platforms, abundant mobile applications and smart machine learning tools. Enterprises, nowadays have become acquaintance to IoT and have enabled it as an innovative solution to solve business problems. One such problem where industrial internet of thing is applied for the efficient management, monitoring and maintenance of enterprise’s asset and operation.

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Smart connected asset and operation are the devices used by the enterprises to produce and deliver goods and services that can efficiently sense and respond to internal and external environment in a prompt and accurate manner. The smart connected asset and operation devices are well aware of environment and can react to design and configuration, support customer requirement or supplier performance and even handle inventory and maintenance schedule.

Assets that have been installed and managed for years have decades of historical information. These information reside in various places such as paper files, dataset and knowledgeable workforce. To extract more information from assets, companies are embarking on digital transformation by deploying more and more smart sensor at multiple touch-points.

Smart connected operation provides a comprehensive path for managing factory and its production line. It significantly transform the manufacturing operation and allow manufacturer to have real time analysis of operation data through predictive analytics technology. Smart connected asset and operations are developed through convergence of big data analytics and, cloud and mobile technologies that are merging traditional Informational and operational technology (IT/OT). Smart connected asset and operation are one of the strategic objective that an asset intensive organization are following as it allows an enterprise to move beyond real-time control to predictive control and ultimately to autonomous operation.

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Painting Robots Market Specifications, Analysis Forecast Upto 2026

Painting robots are programmed automated devices which are used in a wide range of industry verticals for painting. Painting robots helps in avoiding drips, inconsistencies and overspray in a particular application which in turn helps in consistent and efficient painting. The painting robots primarily consists of a robotic arm, spray applicator, and other regulators. These robots are available in wide range of size and configurations. The robotic painting process is divided into multiple processes including part fabrication, part preparation, part presentation, multi-step coating process, curing, part handling and vision inspection.

Aluminum metal is generally used in manufacturing of these painting robots across the globe. Paint robots are used for a wide variety of painting and coating applications. Furthermore, these robots provides benefits in multiple aspects including safety enhancement in hazardous painting working environments, reduction in wastage of materials used, speedy production, higher productivity and increased system uptime, which helps in achieving optimal thickness tolerance and enhance trigger accuracy.

The rising use of automation in multiple industry verticals is suggested to have a positive impact on the global painting robots market for the forecast period. Additionally, painting robots tackles the growing number of accidents multiple industry verticals where painting and coating is done which is suggested to boost the market over the forecast period. Furthermore, the environmental friendly nature of painting robots owing to its control over carbon footprints is boosting the global painting robots market on a global scale. However, the significant cost associated to its purchase and installation is suggested to have a negative impact on the growth of the global painting robots market over the coming years. The rising use of painting robots and the significant presence of leading companies in the Asia Pacific region is suggested to be of crude potential for the global painting robots market over the forecast period.

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The global painting robots market is segmented on the basis of type, application, payload, end use and region. On the basis of type the global painting robots is divided into four sub types including- wall mounted painting robots, floor mounted painting robots, rail mounted painting robots and others. As per payload capacity the global painting robots market is divided into 3 sub types including <15 Kg, 15 – 30 Kg and > 30 Kg. As per applications the global painting robots market is divided into two sub types including- exterior painting and interior painting. Exterior painting is anticipate to contribute significantly over the coming years.

As per end use the global painting robots market is divided into six parts including- aerospace and defense, electronics, healthcare, construction, oil and gas and others. Automotive industry in the global painting robots market is suggested to hold a significant share over the forecast period. Geographically, the global painting robots market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Significant presence of prominent automation companies and the growing adoption of painting robots in automotive and construction industry within the Asia Pacific region is suggested to make it hold a prominent share over the forecast period.

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Silicon Carbide Power Semiconductor Market To Hold a High Potential for Growth by 2026

Silicon Carbide power semiconductors are compound semiconductors developed by the composition of carbon and silicon. Silicon Carbide offers numerous advantages over silicon, which include enabling a wider range of p- and n-type control required for device construction, 3x the band gap, and 10x the breakdown electric field strength. These advance characteristics of silicon carbide arouse increased usage of silicon carbide semiconductors, such as in high-frequency radar systems, satellite communications, microwave links, and mobile phones. These this superiority of silicon carbide semiconductors stimulate increased usage of silicon carbide devices and is anticipated to fuel the growth of the global silicon carbide power semiconductor market during the research study.

The global silicon carbide power semiconductor market has witnessed significant growth during the last two decades and anticipated to show substantial growth during the forecast period of 2018-2026. Silicon carbide has a level of hardness similar to a diamond, due to which silicon carbide semiconductors are able to operate in extreme conditions.  The primary factor driving the silicon carbide power semiconductor market includes increasing demand of power electronics across various industry verticals including IT & telecom, aerospace & defense, industrial, energy & power, semiconductor & electronics, automotive, healthcare, and some others. For instance, silicon carbide power semiconductors facilitate in controlling automotive electronics such as electric braking system, power steering, seat control hydro electric vehicles main inverter and others.

These devices are also used in energy conversion in actuators and generators assimilated in aircraft. Moreover, silicon carbide is among few compound semiconductors which are being considered to be used in the production of power semiconductors for the 5G communication. Thus, this is expected to create new opportunities for the manufactures of silicon carbide semiconductors. However, high wafer cost of silicon carbide semiconductors and complexity in the manufacturing process are limiting the growth of the global silicon carbide semiconductor market.

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The global silicon carbide power semiconductor market can be segmented on the basis of power module, industry vertical, and geography. By power module, the global silicon carbide power semiconductor market can be segmented into power products and discrete products. The power module is anticipated to hold a larger share during the research study. On the basis of industry vertical, the global silicon carbide power semiconductor market can be categorized into IT & telecom, aerospace and defense, industrial, energy and power, electronics, healthcare, and others.

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Optical Fiber Market Prophesied to Grow at a Faster Pace by 2026

With the advancement of the semiconductor industry, there has been a tremendous increase in demand for more efficient production of communication devices to meet the requirement. In the recent years, copper wires has been replaced by the fiber optics, as one of the appropriate communication link for the transmission of data and signal.Optical fiber or the fiber optics transmits the data in the form of photons or the light particles. In other words, optical fiber is a technology that utilizes light to carry data communication over a long distance. Optical fiber is a transparent, flexible strand of pure glass transmits light between two ends of the fiber.

The optical fiber consists of the core that is surrounded by the cladding layer, which is made up of the dielectric material. Optical fibers are mostly used for the long distance communications however; sometimes they are also used for short distances. A huge amount of data is easily transmitted through the fiber optics that is not interfered by the electric and magnetic fields. Optical fibers are mostly used in the communication and networking industry. Military and space industries also use the optical fiber for means of communication, due to its ability to offer the temperature sensing. Also on of the major application of fiber optics is in medical instruments to provide precise illumination. It enables biomedical sensors to assist in the minimization of invasive medical procedures. Other medical applications for fiber optics include X-ray imaging, endoscopy, light therapy and surgical microscopy.

Optical Fiber Market – Trends and Opportunities

The major driver that drives the Optical fiber market is the increasing adoption of FTTX (fiber topologies from telecom service to the customer), rising use of internet of things (IoT).  The other benefits offered by optical fiber includes reliability, high bandwidth, low power loss and preferable to long distance communication. One of the major restraints that restricts the growth of the optical fiber market is the high cost of installation and the increasing adoption of wireless communication. However, the future opportunities such as advancement in the technologies in the optical fiber technology and the increasing expenditure in the optical fiber technology is expected to contribute to the growth of the optical fiber market.

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Optical Fiber Market – Segmentation

Optical fiber market is segmented into type, material type, industry and geography. Optical fiber market based on type can be segmented into multimode fiber and single mode fiber. Further, the multimode fiber is segmented into step index multimode fiber and graded index multimode fiber. Based on material type, the optical fiber market is segmented into plastic optical fiber and glass optical fiber. Based on industry, the Optical fiber is segmented into telecommunication, aerospace & defense, healthcare, energy & utilities, and others. Optical fiber market is also segmented on the basis of regions into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America market is expected to have a significant market share due to the already developed technologies, followed by the Europe. Asia Pacific market is expected to grow with the significant growth rate, due to the emerging economies such as China, India and Japan.

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Heavy Payload Robotic Arm Market to Reap Excessive Revenues by 2018 to 2026

A robotic arm is a mechanical arm that is programmable and can perform tasks similar to a human arm. Heavy payload robotic arms refers to the robotic arm used for the movement of heavy loads which is not possible with the help of a conventional robotic arm owing to its capacity restraints. The heavy payload robotic arms offer high torque, better heat dissipation and longer operational life thereby leading to an increased operational efficiency of the process being carried out. Heavy payload robotic arms are capable of handling heavy loads with great ease and accuracy. These robotic arms are characterized by controllers, actuators, and advanced sensors. Furthermore, they are well suited for the handling of parts such as car chassis, large electric appliances, heavy machinery, construction materials, and heavy castings, among others.

Heavy Payload Robotic Arm Market – Drivers and Restraints

The conventional robotic arms might require a high counter balance weight which might hamper the functionality of the robotic arms. High payload robotic arms eliminate the need of this counter balance and increasing the productivity of the system. The robotic arms having a higher wrist capacity are being introduced in the market by the key players. The higher capacity makes the robotic arm capable of handling large materials such as automotive chassis and heavy machinery parts. Additionally, the high payload robotic arms are characterized by a high reach which can be as high as that of cranes.

Such robotic arms ensures an increased output and reduce the dangerous associated with the process being carries out. An increasing number of heavy payload robotic arms providers are engaged in the development of robotic arms which are equipped with heavy duty components which make them capable of operating for thousands of hours of continuous operations. Furthermore, the key players are engaged in the introduction of innovative robotic arms with distinctive features in order to gain a competitive edge over their peers.

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The increasing demand for the heavy payload robotic arms from the automotive as well as heavy machinery industry is expected to be the prime mover for heavy payload robotic arms market growth. Additionally, increase in the industrial activity especially in the emerging economies is expected to propel the heavy payload robotic arm market growth. Other factors contributing to the growth of the market are increasing adoption by the metal and construction industry, need for increasing the operational efficiency for the end users. However, the high cost of ownership associated with the heavy payload robotic arms may hamper the growth of the heavy payload robotic arm market. Nevertheless, the growing use of heavy payload robotic arms on the assembly line is expected to drive the market growth upwards.

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