Construction Robot Market – NextGen Innovation in Construction Industry

Robots are used today in several industries, the best known example of which is the automotive industry. Essentially, they replace workers engaged in intensive manual labor, especially for repetitive tasks. However,  in  most  industrialized  nations,  the  construction  sector  is  among  those mobilizing the greatest number of economic resources. Employing robots on construction sites may have been considered an impossible fantasy in the past or just an innovative dream. Application of robots in the construction industry for performing various tasks is growing. Basic activities in building construction, and civil engineering projects developed by robots are connecting, positioning, attaching, coating, finishing, concreting, inlaying, building, covering, scaffolding, jointing, demolishing, inspecting, tunneling, and repairing elements.

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Many construction specialists are ferociously opposed to the use of automatic robots and are suspicious of losing their employments when such designs are bright enough to replace human resources. In contrast, the expensively high costs of manufacturing, constructing and using robots on-site, in comparison to the costs of hiring laborers, is a major concern of construction robot market. Hence, hiring a robot to work on-site is not an imminent threat to the labors. Nevertheless, the recent technical invention has caused waves in the business and excited interest. It is sensible to predict that robots will be leader in a new era in the construction industry.

The construction robots market is segmented on the basis of type, function, application and geographical regions. On the basis of type, the construction robot market is segmented into robotic arms, rovers, autonomous vehicles and others. On the basis of function, the global construction robot market is segmented into 3D-printing robot, demolition robots, remote controlled robots, bricklaying robot and others. By application, construction robot market can be segmented into commercial building, residential building, public infrastructure and others. By geographical region the global construction robot market is split up into North America, Europe, Asia Pacific, Middle East & Africa and South America.

The largest size of the European construction robot market is endorsed to the large services of numerous companies for the progress and manufacture of the construction and demolition robots, growing number of government regulations, and rising need for the domestic and non-residential construction developments. Also, the European construction market is expected to grow extremely in the coming years. The high rate of industrial development has increased the extent of construction activities in the region, leading to growing demand for innovative construction equipment, such as robots.

Acquisitions and Merger, new product introductions, investments, and corporations & developments are the key strategies adopted by market companies to ensure their growth in the construction robot market. The key players Husqvarna (Sweden), Brokk (Sweden), Ekso Bionics (US), Fujita (Japan), Komatsu (Japan), Construction robotics (US), Autonomous Solutions (US), Conjet (Sweden), Fastbrick Robotics (Australia), TopTec Spezialmaschinen (Germany), nLink (Norway), Apis Cor (Russia), Yingchuang Building Technique Co. (WinSun) (China), MX3D (Netherlands), CyBe Construction (Netherlands), Advanced Construction robotics (US), CYBERDYNE (Japan), Alpine Sales and Rental (US), Giant Hydraulic Tech (China), and Beijing Borui Intelligent Control Technology (China) are some major players in the construction robot market.

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Alcoholic Beverage Industry to Propel the Container Glass Market

Transparency Market Research delivers the key insights on the container glass market in its published report, titled “Container Glass Market: Global Industry Analysis and Opportunity Assessment, 2018–2026”. In terms of revenue, the global container glass market is estimated to expand at a CAGR of 5.0% during the forecast period, owing to numerous factors, about which TMR offers thorough insights and forecast in this report.

The large pharmaceutical industry of the U.S. to drive the demand for container glass in the country

The U.S. is not only the largest market for pharmaceuticals and leading in terms of pharmaceutical research & development expenditure, but also one of the leading producer of pharmaceuticals in the world. As container glass is highly preferred for packaging of pharmaceuticals, the large pharmaceutical industry of the U.S. is one of the primary drivers of container glass market in the North America region. The research & development on pharmaceuticals has also led to a large variety of container glass materials and packaging solutions.

The alcoholic beverage industry of Africa to propel the container glass market in the MEA region

Sub-Sahara African countries in the MEA region are estimated to account for around 40% of the MEA container glass market in terms of volume in 2018. This is prominently due to the large production of beer and other alcoholic beverages in the region which is further projected to witness a rise during the forecast period.

Moreover, the pharmaceutical industry of GCC countries is rapidly growing. Among individual countries of the MEA region, South Africa is estimated to hold the highest market share, followed by Turkey. The significant presence of packaging companies in South Africa is majorly responsible for its dominance in the MEA region.

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Europe is estimated to be the leader in the global container glass market in terms of value, while the Asia Pacific is estimated to hold the highest share in the global container glass market by volume

The cost of manufacturing of container glass in Europe is relatively high, primarily due to high labour costs in the region. On the other hand, the manufacturing cost of container glass is significantly low in the Asia Pacific region. The Asia Pacific region accounts for the highest demand for packaging in the world, which lead to the highest demand for container glass in the region in terms of volume. Thus, the Asia Pacific region is dominating the global container glass market in terms of volume, while the economic availability of container glass in the region has resulted into a low container glass market volume share as compared to that of the Europe region.

Majority of the demand for container glass in the Asia Pacific region is served by the relatively unorganised manufacturing industry established in the region which provides container glass at economic prices to compete with the global container glass market leaders operating in the region and target low out-put end-users.

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Sugar Packaging Market Is Set For A Rapid Growth By 2026

Sugar packaging is done in a variety of formats, both in bulk and retail. There are a number of products available in the market for sugar packaging. The sugar packaging market is witnessing a tremendous shift in preference for flexible packaging formats. Manufacturers of sugar packaging are also incorporating technologies, such as QR codes. The advent of modern high quality printable packaging formats has led to the usage of sugar packaging not only for protection of sugar substances, but also as promotional tools.

The global industry is characterized by intense competition due to the involvement of several packaging formats. Sugar is a commodity product and therefore, witnesses high rate of consumption. Manufacturers of sugar packaging solutions are expected to make persistent efforts to adopt sustainable packaging solutions. The outlook for growth of the global sugar packaging market is expected to be highly positive during the forecast period as flexible packaging solutions are moving towards market dominance.

Global Sugar Packaging Market: Dynamics

The concerned global industry is expected to grow on the backdrop of growth in the flexible packaging industry. The sugar packaging market will be largely influenced by the ongoing shift in preference towards sustainable packaging solutions. One of the key factors expected to provide an edge to the global market is customizability. Sugar packaging solutions are highly customizable and manufacturers differentiate their products through printed packaging solutions. Sugar packaging solutions are aimed at enhancing consumer appeal. In addition, bulk sugar packaging solutions are mostly used for B2B sales. Paper sacks are one of the most commonly used packaging formats for sugar packaging.  

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The Asia Pacific is expected to be at the forefront of the global sugar packaging market in terms of market size and growth during the forecast period. Countries, such as India and China, are anticipated to remain the leading contributors to the growth of the Asia Pacific market. North America is expected to be a significant contributor to the growth of the global market, given the high super intake per day by an average American.

The U.S. market is anticipated to account for the larger share of the North America sugar packaging market during 2018-2028. In terms of average sugar consumption per person per day, the United States ranks on top with an estimated 126.4 grams. The Europe market is expected to closely follow its North American counterpart, with countries, such as Germany, the Netherlands, the U.K., Belgium, and Finland, being in the list of top ten countries with highest sugar consumption.

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Pump Pressure Caps are Restraining the Growth of Global Screw Closures Market

In their latest report titled – “Screw Closures Market - Global Industry, Size, Share, Growth, Trends and Forecast, 2018–2027”, Transparency Market Research (TMR) delivers key insights on the use of different materials and processes used for screw closures, along with various end uses and applications. According to TMR, the global screw closures market is projected to clock a CAGR of 5.0%, during 2018-2027, which is attributed to several factors, on which, the report provides thorough insights and forecast. The APEJ (Asia Pacific Excluding Japan) screw closures market is expected to take the rise in terms of CAGR.

The global screw closures is experiencing growth due to an increase in demand from the beverage, food , pharmaceuticals, and personal care & cosmetics industries. The Asia Pacific excluding Japan (APEJ) region is estimated to be the largest marketplace for the global screw closures market.

In this report, TMR has discussed individual strategies followed by the recent developments in the screw closures product segments. TMR suggests that the increase in the growth of single-serve beverages is expected to be a key driving force in the growth of the screw closures market globally. Polypropylene has been found to be the most widely used material for screw closures. Out of several plastics, LDPE, HDPE, polypropylene, metal, and thermosets are expected to witness maximum use for screw closures. Polypropylene is estimated to account for more than 50% of the global screw closures market by value. The TMR study analyses the screw closures market in several regions and focuses on the key dynamics affecting the screw closures market, globally.

The Asia Pacific excluding Japan (APEJ) screw closures market is estimated to be highly attractive in terms of market share and CAGR during the forecast period. By diameter type, the 63 mm–100 mm neck diameter segment is majorly preferred by consumers in 2018. The screw closures market for the beverage industry in the Asia Pacific excluding Japan (APEJ) is projected to register the highest CAGR among other end-use segments during the forecast period.

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The North American screw closures market report includes a country-level analysis for the U.S. and Canada. The U.S screw closures market is expected to dominate the regional market throughout the forecast period. The Latin American screw closures market includes a country-level analysis for the Brazil, Mexico, and Rest of Latin America. Brazil is projected to witness fast-paced growth, while Rest of Latin America is estimated to be a prominent screw closures market in terms of market value during the forecast period. In the European screw closures market analysis, prominent countries such as Germany, the U.K., Spain, France, Italy, and Rest of Europe are analyzed. The U.K screw closures market is projected to grow at the highest CAGR among other countries in the European region. Germany and Italy are estimated to be highly attractive screw closures markets in terms of market value share.

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Infrared LED Market Development Trend

Infrared (IR) LEDs are the transmitters which radiate IR beams at a more drawn out wavelength than obvious light. These gadgets are comprised of aluminum arsenide or aluminum gallium arsenide and have a working voltage of around 1.4V. The IR LED emanates wavelength at the scope of 760 nm and is hence undetectable to the human eye. Expanding installation of 6-inch sapphire wafer substrate is picking up noticeable quality as the 6-inch wafer lessens the expense of LEDs when contrasted with 2-inch wafers. The 6-inch wafers makes the creation more effective as there is no space squandered and edge misfortunes are lessened. The expanding establishment of closed circuit TV cameras for observation will propel the development prospects for the worldwide infrared LED market for the following few years.

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CCTV cameras are incorporated with infrared LEDs as a key segment that gives night vision and provides with low-light level applications. Likewise, the mechanically propelled current IR LEDs offer propelled picture improvement and are more solid and enduring. Besides, the mix of CCTV cameras along with infrared LED provides expanded optical yield, extensive variety of discharge edge, and close field perceivability applications.

The relocation of LED producers to 6 inch sapphire wafer substrates will support the development possibilities for the worldwide infrared LED market before the finish of forecast period. As the 6 inch wafers influence the creation to process more productive and diminish the expense of LEDs not at all like on account of 2inch wafers that outcomes in more squandered space and edge misfortune, the makers are progressively relocating towards 6?inch sapphire substrates.

The worldwide infrared LED market is exceedingly aggressive due to the awareness of countless and global merchants over the globe. It has been watched that numerous enormous players are encountering a decrease in their market share as a result of the expanding number of Chinese makers.

Infrared (IR) LEDs are the transmitters which emit IR rays at a longer wavelength than visible light. These devices are made up of aluminum arsenide or aluminum gallium arsenide and have an operating voltage of around 1.4V. The IR LED emits wavelength at the range of 760 nm and is thus invisible to the human eye. Increasing adoption of 6-inch sapphire wafer substrate is gaining prominence as the 6-inch wafer reduces the cost of LEDs when compared to 2-inch wafers. The 6-inch wafers makes the production more efficient as there is no space wasted and edge losses are reduced.

Growing demand of infrared LEDs for integration of hyper spectral imaging and remote sensing in consumer electronics, automotive, and other allied industries is expected to drive the industry over the forecast timeline. Increasing popularity of these devices amongst end-users DIY (do-it-yourself) security cameras is anticipated to support the industry demand.

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Rising security concerns and ever expanding smartphone industry are fulfilling the demand of infrared LEDs globally. Increasing construction of smart homes and commercial complexes will demand for more secure equipment for the security purposes in the coming years. Technological advancements in infrared LEDs in defense, imaging, lighting, automotive, and consumer electronics is expected to fuel the global infrared LED demand from 2017 to 2025.

Low power consumption, high security and low cost benefits is projected to support the infrared LED industry as these devices are used in combination with receivers for use in varied products such as wireless mouse, remote controls, and telecommunication modules. Manufacturers are focusing on implementation of infrared LEDs in various multimedia devices such as mobile phones & tablets and surveillance systems.

Emerging technologies in closed circuit televisions (CCTVs) and smartphones such as iris and facial recognition is anticipated to be a quickly growing trend in the industry. For instance, Samsung’s smartphone Galaxy S8 features iris and facial recognition to meet and secure the growing demand of mobile payment services. The widespread promotion of mobile payment services on devices such as notebooks and smartphones featuring user authentication based on infrared LED technology, is predicted to be the primary growth driver of the industry over the forecast timeline.

IR LEDs are integrated into CCTV cameras as primary component as it offers low-light level and night vision applications. The technological advancements in modern infrared LEDs offer advanced image enhancement which are more reliable and long lasting. The integration of IR LED with CCTV cameras offers wide range of emission angle, increased optical output and near-field visibility applications.

The automotive industry is witnessing rapid innovation in the field of infotainment, safety systems, telematics, advanced driver assistance systems (ADAS) and autonomous driving. These technologies actively involve the integration of IR LEDs for their operation. Furthermore, infrared systems are integrated into automobiles to improve the blind spot and night vision driving, thereby supporting the global infrared LED market growth in the automobile segment.

The infrared LED industry is highly diversified and competitive owing to the presence of large number of regional and international vendors globally. Some of the major factors driving the industry growth in Asia Pacific region is the presence of large number of LED manufacturers in countries such as Japan, China and Taiwan. Prominent industry participants are Epistar, Osram, Everlight, Vishay, Nichia and Philips. The companies are primarily focusing on new product development in order to retain their market share. For instance, in June 2017, Osram launched the smallest side-looking infrared LED which has wavelength of 850 nm which is used for eye tracking applications in virtual reality (VR) and augmented reality (AR) headsets. Both AR and VR systems react to the eye and head movement making the infrared LED as the critical component of the headset designs.

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Contact Center Analytics Industry – Challenges, Evolutions and Benefits

On a broader level, contact center analytics can be termed as an integrated pack of tools adopted by contact center segment of diverse businesses for effective operational performance. These analytical tools aid the contact center segment in tracking key performance indicators (KPIs) and drawing insights about business intelligence (BI).

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Some of the key reasons in adopting contact center analytics are to track and measure business performance at each level, to monitor and review performance not only from customer’s viewpoint but also harmonize it with employee and management thought process, to effectively improvise the customer response management, and others. However, the contact center analytics market has been developing and gaining wider adoption into contact center business since demi-decade.

The significant benefits of contact center analytics is that it helps in monitoring the service quality of each employee-customer interactions and thereby help in streamlining operational and business issues. Contact center analytics also aid in reducing operational & overhead expenses.  One time implementation of contact center analytics alleviate frequently repeated issues.

Furthermore, customer experience is the valuable element in any contact center business segment. So it’s important in transforming this experience into a metric to address customer issues on a persuasive level with the help of contact center analytics. Moreover, any organization is expected to multiply its revenue generation process. Contact center analytics helps to distinguish novel cross-selling & up-selling opportunities to improve this sales generation goal.

A focus on customer experience is increasingly adopted by contact center business segment irrespective of the size, type, core activities and position of contact centers. This factor is expected to drive the contact center analytics market. As more customers are turning towards other marketing channels, contact center segments are turning towards effective monitoring of past and present recordings to assure minimum churn of customers.

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Moreover, a 360° approach is demanded in analyzing customer interactions. Another factor which is expected to drive this market is the performance management of contact center workforce. Most of the businesses across globe is facilitated by the contact center segment for effective communication of its products or services.  Hence, it becomes very much essential to manage the contact center workforce efficiently. Contact center utilizes the analytical tools such as relevant KPIs and other metrics to manage their employees.

Besides, companies are aiming at improving their first call responses. This can be achieved by training the employees well enough to detail their customers over phone about the new product release and offerings along with addressing their issues by consuming less engagement time per customer. This indirectly help in reducing operational cost and allows customers to gain turn up voluntarily for another call. Hence, this factor of improving first call response is expected to drive the contact center analytics.

The challenges ahead of contact center analytics market is that contact center businesses are still struggling to prioritize their budgeting in line with adopting high analytical tools into their contact center operations. Still, the contact centers are engaged in manual handling of excel sheets in monitoring and recoding the daily operational data. Furthermore, the tech savvy customers of the urbane society are turning towards internet search for gathering any information.

Hence, this is a restraint for the implementation of contact center analytics when number of customer turning towards contact centers are itself less. This is a restraint due to the high cost associate with the implementation of contact center analytics. The implementation of contact center analytics is expected to create opportunity for contact center to reduce their operational errors as every operational aspect is expected to be streamlined inside a contact center. Additionally, methodized coaching is enabled to the contact center workforce using a contact center analytics program. This indirectly helps the contact center business to improve their operational productivity.

The contact center analytics can be segmented broadly on the basis of type of analytics such as speech analytics, text analytics, predictive analytics, self-service analytics, desktop analytics, cross channel analytics, and others. Besides, the contact center analytics is also segmented on the basis of Banking, Financial Service and Insurance (BFSI), wholesale & retail, IT & telecom, healthcare, logistics & transportation, hospitality & travel, media & entertainment, utilities, and others. Additionally, the contact center analytics market can be geographically bifurcated as North America, Europe, Asia Pacific, Middle East & Africa and South America.

Key players playing major role in the contact center analytics market includes  24/7 Customer, Inc., Aspect Software, Inc., Calabrio, Inc., CallMiner, Inc., EdgeVerve Limited, Five9, Inc., Genesys Telecommunications Laboratories, Inc., Genpact Limited, inContact, Inc., Servion Global Solutions, West Corporation and ZOOM International.

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Cognitive Computing in Healthcare: Assisting or Replacing Doctors?

Cognitive computing has opened vast promising avenues in the healthcare industry in recent times and is rapidly transforming healthcare delivery world over. Cognitive computing systems simulate human thought process using computerized model. Worldwide, these have been instrumental in making sense of the extensive streams of healthcare data that is growing unhindered. Healthcare professionals and providers in various parts of the world are increasingly adopting cognitive systems to make faster and more informed decision, boost patient outcomes, and improve the overall quality of care.

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The accelerated rise of cloud computing and Big Data, has made cognitive computing more affordable and accessible to various end-use industries at large, including the healthcare sector.  Together with natural language processing (NLP) systems, data mining, and other aspects of machine learning technologies, cognitive computing continually seeks to expand the knowledge of clinicians in designing personalized treatment modules.

On the other hand, cognitive computing has enhanced patient engagement and improved the access of services. Researchers are leveraging the potential of cognitive systems to make clinical trials more comprehensive and useful, unlocking abundant exciting prospects in the healthcare industry.

The exponential rise in healthcare data and information from a diverse range of sources and the pressing need to tap them for improving the quality of care in various parts of the world is a prominent factor stoking the demand for cognitive computing systems. The growing demand for automated information technology systems encapsulating various aspects of artificial intelligence in the healthcare industry is fortifying the application of cognitive computing.

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The growing number of potential benefits and the rising use cases in the healthcare sector are prominent factors continually boosting the market over the forecast period.

World over, the intensifying demand for personalized therapies in various branch of medicines, notably in oncology has triggered the popularity of a number of cognitive computing platforms in recent years. The wide popularity of IBM Watson and Cognitive Services by Microsoft among healthcare providers is accentuating the growth of the market. Leveraging the potential of self-learning systems to look for patterns and model possible solutions in understanding health and wellness is a notable aspect bolstering the uptake of cognitive systems in major regions.

The growing popularity of internet of things (IoT) and wearable and the staggering demand for cloud computing models are significant factors expected to provide substantial fillip to the cognitive computing in healthcare market. The emergence of potentially useful enterprise artificial intelligence platforms in the healthcare industry bodes well for the market.

North America is one of the most prominent markets for cognitive computing for the healthcare industry. The prominent demand for cognitive computing solutions and services in the region can be attributed to the extensive demand for such systems among healthcare professionals and providers. A large number of early takers, coupled with substantial advancements in machine learning technologies in the region, is bolstering the uptake. Meanwhile, Asia Pacific is projected to rise at a prominent pace. The attractive growth of the market is fueled by the spiraling investment made in the healthcare sector on the uptake of automated information technology systems. The region is expected to present abundant lucrative opportunities market players over the coming years.

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