Enterprise Social Software Market to Witness Superiority of Large Enterprise in Terms of Size

The global enterprise social software market is foreseen to capitalize on opportunities brought in with the boom in big data and its analytics requiring solutions for collecting large volumes of data and extracting useful information to make improved decisions. A growing number of young employees familiar with social media and successful enterprise social software deployments could allow a myriad of favorable prospects to flow in the market.

According to Transparency Market Research (TMR), the global enterprise social software market could rake in a US$6.1 bn by 2022 end at a 20.0% CAGR between 2017 and 2022. In 2017, the market earned a US$2.4 bn.

Global Enterprise Social Software Market: Major Insights

The world enterprise social software market is predicted to be impacted by some influential trends such as the stable shift to inclusive suites and platforms. Vendors could be forced to shift to providing a multi-level support in the foreseeable future due to the surging demand for a single all-inclusive platform. Such a platform should be able to address all types of requirements including wikis, online communities, blogs, messaging, and email. The convergence of social and collaboration software into a single vital offering could also encourage market growth with the advent of social software. As a result, tasks such as messaging, emailing, and file sharing could be performed without the use of conventional tools.

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The world enterprise social software market is prophesied to be classified into small, medium, and large as per enterprise size. Out of these segments, the market could testify the dominance of large enterprise while it rises at an expected CAGR of 19.0% during the forecast period. On the basis of segmentation by vertical, the market could be divided into banking, financial services, and insurance (BFSI), healthcare, IT and telecommunications, retail, and government. By type of deployment, there could be important segments such as on-premise and cloud-based taking birth in the market.

In terms of geography, the world enterprise social software market is forecasted to be segmented into significant regions such as the Middle East and Africa (MEA), Asia Pacific except Japan (APEJ), North America, Latin America, and Europe and Japan as a key country. However, the market could find lucrative prospects in North America as it is projected to take a leading share of US$2.5 bn by the end of the forecast period. Europe could be another dominating region rising at a 16.5% CAGR. Japan and the MEA are anticipated to be on the slower side of growth in the market.

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SCADA Market: North America to Remain Lucrative Region through 2025

The global market for SCADA water and wastewater management is highly competitive in nature and is projected to remain in the similar situation in the next few years, states a new market research study by Transparency Market Research. It is moderately consolidated in nature with a few number of players holding a major share of the market. The key players in the market are focusing on the expansion of the product portfolio, which is predicted to enhance the market penetration in the next few years. In addition to this, the rising number of mergers and acquisitions is projected to support the growth of the overall market in the coming few years. Some of the key players that are operating in the SCADA market for water and wastewater management are Yokogawa Electric Corporation, ABB Ltd., Schneider Electric, Emerson Electric Co., Rockwell Automation Inc., Eaton Corporation, Honeywell International Inc., Tesco Controls Inc., SCADAware, and Parasyn.

As per the market research study by Transparency Market Research, in 2015, the SCADA market for water and wastewater management was worth US$1,267.4 mn and is projected to reach a value of US$2,172.1 mn by the end of 2025. The market is likely to register a healthy 5.60% CAGR between 2015 and 2025.

North America and Europe to Lead Global Market in Coming Years

The global market for SCADA for water and wastewater management has been categorized on the basis of geography into Europe, North America, Latin America, the Middle East and Africa, and Asia Pacific. Among these, North America is expected to account for a large share of the global market in the next few years. The increasing popularity of cloud-based SCADA is one of the major factors estimated to encourage the growth of this region in the next few years. Furthermore, Europe is projected to witness a healthy growth in the coming years. On the other hand, Asia Pacific is projected to register a strong growth rate in the next few years, thanks to the rising demand for employing efficient processes.

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On the basis of end use, the global market has been categorized into industrial and residential. The industrial segment has been further classified into food and beverages, chemical, pharmaceuticals, and others. The residential segment has been further segmented into private and government. As per the research study, the industrial segment is projected to account for a large share of the market in the coming few years. The rising contribution from the food and beverage segment is the key factor projected to enhance the growth of the overall market in the near future.

Technological Developments to Encourage Market Growth 

The increasing demand for water and wastewater treatment is one of the major factors estimated to encourage the growth of the global SCADA market for waste and wastewater management in the next few years. The rising government investments and the technological advancements in this field are further projected to enhance the growth of the overall market in the coming few years. The key players in the market are focusing on developing economies, which is projected to enhance the growth of the market throughout the forecast period.

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Video Cards and GPU to Remain Dominant Hardware Component in 3D Animation Market

The global 3D animation market is prognosticated in a report by Transparency Market Research (TMR) to witness a massive influx of new players attracted to remunerative opportunities available. With a view to enjoy the advantage of skilled and cost-effective labor and take the edge off challenges related to in-house research and development, a significant count of players are expected to involve themselves in mergers and acquisitions. For instance, Solid Angle S.L. was acquired by Autodesk in April 2016. The market marks the presence of top players such as Adobe Systems Inc., Nemetschek SE, and Autodesk Inc.

TMR envisages the global 3D animation market to be worth a US$26.8 bn by the end of 2022 while rising at a 14.5% CAGR during the forecast tenure 2017-2022. In 2017, the market was valued at a US$13.6 bn. By hardware, it could be led by video cards and graphics processing unit (GPU), which accounted for a 35.7% share in 2017. Regionally, North America is anticipated to collect a lion’s share while expanding at a CAGR of 17.4%.

Emergence of AI, VR, and AR Increases Competition, Encouraging Growth

The entertainment and media industry has been raising high demand for 3D animation with increased adoption in the recent years. Besides improved adoption of 3D animation and visual effects, the industry has been pushing the global market based on other important factors. The world 3D animation market could be boosted by the advent of AI, VR, and AR and increasing competitiveness as a result of it. Furthermore, rising interest in watching animated movies is predicted to set the tone for valuable growth of the market.

Uptake of 3D mapping technology could surge because of high demand for 3D mobile applications and games. Growth of the world 3D animation market is foreseen to see a rise owing to swelling adoption of the technology in geospatial navigation and analysis.

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Piracy and Corruption Cause Demand for 3D Animation to See Downfall

The international 3D animation market has seen rapid adoption in different end-use industries such as education, healthcare, and manufacturing. However, vendors are foretold to face certain challenges in their operation. These include price sensitivity, low proficiency level, and constant exposure to piracy and corruption.

Nonetheless, there could be lucrative prospects birthing in the international 3D animation market due to new product launches and recent developments in the industry. This could be evidenced by the emergence of 3D-Coat, SideFX, Pixologic, and other highly innovative offerings. Some of the other powerful growth propellants of the market could be tax reliefs, subsidiaries, incentives, and other government initiatives. Moreover, expansion of the gaming industry owing to increased interest of teenagers in gaming is projected to create ample of opportunities in the mark

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Mixed Reality in Gaming Market: Personal End-use Vertical to Outshine amongst all

The presence of a copious number of small and big players makes the mixed reality in gaming market fragmented, as per a recent market publication by Transparency Market Research (TMR). The market is foreseen to witness the entry of regional players leading to further fragmentation and stiff competition among players for greater market share. In this scenario, savvy players are pouring money into research and development to set up new facilities for innovation. These players are also vying for partnerships and alliances to tap into technological expertise and understand cultural preferences to develop games for regional markets. Collaboration of Microsoft with HP, Lenovo, Dell, and Acer to develop mixed reality headsets is a case in point.

Some of the key companies operating in the global mixed reality in gaming market are Canon Inc., Microsoft Corporation, Infinity Augmented Reality Inc., Seiko Epson Corporation, Lenovo Group Ltd., CCP hf,., Six Flags Entertainment Corporation, Osterhout Design Group, Dagri LLC, Magic Leap Inc., Recon Instrumnets Inc., Ubisoft Entertainment, HTC Corporation, Meta Company, and Samsung Electronics Co. Ltd.

As per estimates of a report by TMR, the global market for mixed reality in gaming is predicted to rise at a stellar 38.06% CAGR in terms of revenue for the forecast period from 2017 to 2025. At this rate, the market is estimated to be worth US$187.13 mn by the 2025 end. By component, mobile apps led the market in 2015 followed by software. In terms of application, entertainment segment is likely to hold the maximum share of the market over the forecast period. Vis-à-vis revenue, the personal end-use segment is predicted to lead the overall market through 2025. Geography-wise, North America is registered to be the most lucrative market for mixed reality in gaming powered by growth in the U.S. and Canada.

Demand for Immersive Virtual Gaming Experience Boosts Growth

At the forefront of driving the mixed reality in gaming market is unceasing growth of the gaming industry. The rising demand for mixed reality in video games among gaming geeks is likely to bode well for this market’s growth. The incorporation of mixed reality provides an immersive virtual environment and enables gamers to experience virtual reality on their gadgets. For example, the launch of Microsoft Hololens motion controllers and developer kits is serving to aid market players stimulate the development of mixed reality in gaming.

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The ceaseless adoption of smartphones equipped with mobile data is generally stoking demand for entertainment and informative apps. Gaming apps especially the ones that provide immersive virtual environment account for widespread demand among gaming enthusiasts.

Integration of Phenomenon in Theme Parks to Fuel Growth

Apart from this, increasing adoption of mixed reality in gaming technology in amusement parks and military training is likely to bode well for the market’s growth. Large theme parks in developed countries such as the U.S. are making hefty investments to integrate mixed reality in gaming technology to provide an immersive gaming experience. Brand name theme parks are also investing to design and develop mixed reality in gaming technology based theme parks.

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Energy Efficient Lighting Technology Market: Ability to Save Electricity Buoys Demand

Astute players in the global market for energy efficient lighting technology are focusing on developing sophisticated yet affordable environment-friendly, reliable lighting products to cater to the different requirements of customers. In fact, it has been noticed that already some companies are offering energy efficient lighting and control solutions with a variety of styles and functionalities that provide flexibility to design and business. In order to bolster their positions further, companies are also seen taking the inorganic route of mergers and acquisitions.

Some of prominent names operating in the global energy efficient lighting technology market are Apple Inc., Bajaj Electricals Ltd, Bridgelux Inc., Cooper Lighting, Cree Inc., Digital Lumens, Inc., Eaton Corporation, GE Lighting, LIGMAN Lighting Co., Ltd, Nichia Corporation, and OSRAM GmbH.

A report by Transparency Market Research forecasts the global energy efficient lighting technology market to attain a value of US$300 bn by 2025 by rising at CAGR of 7.9% during the forecast period from 2017 to 2025.

Depending upon the type of products, the key segments of the global energy efficient lighting technology market are incandescent lamp, light emitting diode (LED), arc lamp, and gas discharge lamps. Among them, the LEDs are predicted to rise at maximum pace on account of their soaring popularity resulting from their different customized shapes for both commercial and residential purpose.

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Geographically, some of the main regions in the global energy efficient lighting technology market are Asia Pacific, Europe, South America, North America, and the Middle East and Africa. Of them, Asia Pacific is a key region in terms of contribution to overall revenue. This is because of the presence of a large number of manufacturers and the easy availability of raw materials in the region, which makes it possible to reduce costs and manufacture affordable products. The market in Asia Pacific is expected to retain its dominant position in the near future by pulling a revenue of US$82.86 bn by 2025.

Energy efficient lighting technology is a clutch of energy efficient equipment, effective controls, and design structure used for lighting purpose. Not only do they serve to bring down energy consumption, but also illuminate effectively. With electricity production being limited and pollution levels rising by the day, such advantages are majorly fuelling demand in the global energy efficient lighting technology market.

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Dunnage Air Bags Market: Kraft Paper to Lead Global Market as it’s the Best Eco-friendly Option

The competitive landscape in the global dunnage air bags is highly fragmented, notes Transparency Market Research. Some of the leading companies in the market are Cordstrap B.V, Bates Cargo-Pak ApS, Bulk-Pack, Inc., Stopak India Pvt. Ltd., and Green Label Packaging. Most of the players in the global dunnage air bags market are expected to widen their product portfolio and invest in mergers and acquisition to widen their geographic reach.

According to Transparency Market Research, the global dunnage air bags market was worth US$404.3 mn in 2016 and is expected to reach US$614.6 mn by the end of 2025. During the forecast period of 2017 and 2025, the global dunnage air bags market is expected to surge at a CAGR of 4.8%. Out of the various materials used for making dunnage bags, the kraft paper segment is projected to dominate the global market. This segment is anticipated to exhibit a CAGR of 5.4% during the forecast period. Regionally-speaking, Asia Pacific has been identified as a segment regional market. As of 2017 Asia Pacific held a share of 27.9% in the global dunnage air bags market. This trend is projected to continue in the coming years as well.

Increasing Import and Export Activities to Spike Demand

Dunnage air bags have come a long way since their introduction in the early 1970s. They have made a tremendous contribution to the overall transportation industry, thereby boosting trade opportunities. Over the years, production of dunnage bags has witness a significant change. The consistent efforts to bring in an eco-friendly characteristic to the make of dunnage air bags has won the attention of many end users. Growing uptake of kraft paper, which is a perfectly reusable and a recyclable material is projected to augment the growth of the global market during the forecast period. The high load bearing capacity of kraft paper has also been a value addition to the use of this material in the production of dunnage air bags.

Today, dunnage bags are extensively being used for the transportation of commodities, electrical & electronics, consumer goods, foods and beverages, and many other products. Thus, the increasing production of goods, which is highly seen in the developing parts of the world, has significantly pushed the market to achieve new heights. Along similar lines, by the end of 2025, Asia Pacific is expected to hold a lion’s share in the global dunnage air bags market. Increasing import and export of fragile cargo, uneven loading processes, stressful situations in transportation, and damaging weather conditions have also prompted end users to opt for dunnage air bags to safeguard their goods from potential damage.

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The increasing awareness amongst users to insure their goods at the time of purchase has also upped the demand for dunnage air bags in recent years. Booming e-commerce and flourishing cargo and logistics industry are also noted as key growth drivers for the global market.

Unsteady World Economy Acts as Restraints

The ups and downs in the world economy has significantly impacted the revenue earning means of the global dunnage air bags market. The recent recession in the world economy severely affected the transportation and logistics industry, which in turn negative impacted the global market. The ongoing Brexit is also anticipated to hamper the market has it has surely raised concerns pertaining to trade routes. Thus, political instability and economic upheavals are projected to act as major restraints for global market.

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Bagging Machines Market Is Set For A Rapid Growth By 2025

The study carried out by Transparency Market Research shows that the market of the global bagging machines is fragmented and is also considered competent. Every player in this market has a small market share. For increasing the income, it is predicted that the market players are focusing on developing better products and also trying to widen their area of activity. The market players are trying to make new products for expanding their range of products and this is considered to be a very sensible move for this market.

In this analysis it is predicted that the global bagging machines market is predicted to be valued at US$12.4 bn towards the end of 2017 and it is predicted that this value will reach up to US$18.4 bn towards the end of 2025. This market is predicted to grow at a CAGR of 5% towards the assessment period of 2017 to 2025. Towards the end of 2025, it is expected that the automatic bagging machines will lead the global market by registering a 78.8% share. Asia Pacific has a fast growing food and beverage industry and this is why this region is predicted to have a good run for this market in the next few years.

Thriving Food and Beverage Industry to Spur Demand for Bagging Machines

Since in the food and beverages industry there is a high requirement for packaging as well as bagging, the growth of the food and beverage industry will ultimately boost the global bagging machines market in the near future. One primary factor causing the growth of the global bagging machines market is the demand for a great variety of packaged food and beverages and this market is predicted to grow even further because of the demand for global brands of foods and beverages that is predicted to grow in the near future.

On account of the steps undertaken by the government there is an increase in investment in the food and beverages sector in the countries such as China and India, and because of this it is predicted that there will be increase in demand for the bagging market from the Asia Pacific  region. Plus, the introduction, manufacturing, and the implementation of new technologies are all predicted to drive the bagging machines market.

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Importance of Good Quality Packaging in Healthcare Domain Driving Market’s Growth

There are big opportunities for the bagging machines market in the developing regions that are currently undergoing big infrastructural changes as it creates heavy demand for construction materials, and the bagging machines are extremely important for sealing the bags which are used to carry cement, stones, sand, as well as gravel, overall this is expected to have a positive impact on the construction industry. Also, the increase in realisation among the people about the importance of carefully packaging healthcare devices has further led to the growth of the bagging market. The bagging market is also seeing an upward trend in the agricultural sector as the usage of insecticides, fertilizers, fungicides are growing while simultaneously increasing the usage of bagging materials since these items need to be packaged with care.

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