Veterinary Software Market is driven by Rise in Occurrence of Zoonotic Diseases

Veterinary test is a medical process which involves the diagnosis and prevention of disease in animals and their treatment. This branch is gaining importance due to increase in animal population, increasing animal health expenditure, and growth in the number of veterinary practitioners and their revenue levels in developed countries. Veterinary practitioners use software systems to perform their operations with improved efficiency.

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This software system manages information of patients, treatment planning, and scheduling. It helps doctors, nurses or technicians to deliver treatments efficiently. This software is able to manage patient communications, influx, and payments. Besides, it provides an integrated system which enables users to accept payments, enter transactions, create customer invoices, and manage discounts. Veterinary software providers offer solutions for the management of single or multi-veterinarians for large animals, small animals, or mixed specialty practices.

The driving factor for the global veterinary software market is rise in occurrence of zoonotic diseases. Increasing occurrence has driven the demand for animal monitoring services and health diagnostics, which is anticipated to increase the demand for veterinary software over the estimated period. The implementation of integrated software systems for treatment and diagnostics is predicted to grow over the forecast period. Moreover, increase in adoption of pet animals fuels the growth of the veterinary software market.

Additionally, increasing product innovation and integration of additional functions by top companies in this market further increases the demand. For instance, Timeless Veterinary Systems, Inc. has introduced a new teleradiology platform. The company has offered veterinary radiologists with an affordable first-class system to manage their entire online consulting service. However, the lack of government initiatives and awareness is hampering the growth of the market. Moreover, high initial cost of veterinary software is restraining the growth of this market.

The global veterinary software market is segmented on the basis of software products, software delivery model, end use vertical, practice type, and geography. Based on software product, the market is segmented into practice management software, electronic medical records (EMR) management, imaging software and others.

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Enterprise Artificial Intelligence (AI) Market – Future Voice of the Enterprise

Artificial intelligence (AI) is the ability to process information in a way similar to the thought process of humans in learning, decision making, and problem solving. AI in enterprises is rapidly moving beyond hype and is expected to become one of the most significant technological segments. Enterprises are now identifying the value associated with integrating AI into their business processes. AI can be beneficial to enterprises in a number of ways that changes the way in which organizations communicate & innovate their processes, engage with customers, and assess the sales process.

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The number of commercial deployments of AI technology is rising significantly around the globe. Throughout the last few years, early adopting businesses of all sizes across various verticals began to reap benefits. Some of the key industry sectors already utilizing artificial intelligence include government, retail, financial services, manufacturing, automotive, and advertising.

Digital transformation to artificial intelligence helps enterprises in understanding extortion of data and utilization of data-driven intelligence. Extensive adoption of AI in enterprises is because majority of tasks which are delegated to AI are data-driven and therefore it can be easily measured or benchmarked. AI can take many different forms, from problem-solving applications and reasoning to social intelligence solutions and natural language generation. These techniques layered together form the AI solutions that are seeing early adoption in enterprises. Specifically, predictive analytics which uses machine learning, data mining, statistics and modeling to analyze current data and to make predictions is the most commonly used solution.

The rising demand for AI-based cognitive solutions and the requirement for analyzing complex data sets in data sensitive companies are on a robust growth trajectory. Significant improvement in machine learning algorithms is also responsible for large scale adoption of AI solutions in enterprises. Growing demand for enhancing business functions and emerging innovation across industries are creating growth opportunities for enterprise AI. However, lack of skilled labor and concerns about data sharing are estimated to hinder the growth of the market. Furthermore, the slow digitization rate affecting the adoption of enterprise AI solutions in the emerging economies is also expected to act as a restraint to the growth of the enterprise AI market.

The global enterprise AI market can be segmented based on component, technology, application, organization size, and region. On the basis of component, the market can be segmented into software (cloud-based and on-premise) and services (managed and professional services).

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Connectivity Management Platform (CMP) Market – Future of Connectivity in IoT Deployments

Managing cellular IoT deployment can be quite complicated. An enterprise might have devices installed in various parts of the world, each device with different legal, technological, and compliance challenges. Connectivity management platform (CMP) tools are available to manage such issues. They are designed to address consolidation challenges associated with operating and managing large IoT devices. Typically, a connectivity management platform is a collection of connectivity services and management tools that help IoT and M2M projects globally. The software’s connectivity management tools largely include features such as activating and deactivating SIM cards in real-time, define the network selection priorities for a specific country (based on the quality of service), control the connectivity cost, and assign SIMs in real time without any loss of configuring the device

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The CMP platform helps in efficient connectivity management throughout the product lifecycle, reduces total cost of ownership, and helps in the efficient management of devices. The platform also helps in minimizing the risk since the coverage and SIMs have the ability to automatically switch to the network that has the best signal, thus minimizing the overall risks of device being offline. Moreover, a robust security solution also eliminates the risk of unauthorized access to M2M and IoT networks.

The global connectivity management platform (CMP) market is driven by the benefits that it offers to enterprises. One of the crucial usefulness of CMP is that it enables Bring your own Computer (BYOC) connectivity. It is a platform that has the capability to support multiple connectivity technologies including cellular connectivity like LTE, Global System for Mobile Communications (GSM), High Speed Packet Access (HSPA), Code-division multiple access (CDMA) to non-cellular connectivity like Wi-Fi, Zigbee, Bluetooth, and low-power, wide-area (LPWA) wireless technology. The platform also allows the flexibility to bring your own connectivity from the specific operator of choice. There are a number of companies that provide such comprehensive platforms to the users.

The key indicators for the connectivity management platform (CMP) market are the growing number of connected devices across all regions. From Asia Pacific countries to Middle East and African countries, the count of connected devices and solutions are drastically increasing year-on-year. This in turn would create new demand for connectivity management platforms, making the future market lucrative.

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Lubricant Packaging Market Is Set For A Rapid Growth By 2024

The global market for GCC lubricant packaging is experiencing an intense competition among its well established players. Players in the market are using novel manufacturing technology to make the market more competitive. Players in the market are spending heavy amount behind research and development activities to manufacture efficient market product, thus expanding the product portfolio. Apart from these, players are focusing on product advancements and product innovation which is likely to help them to expand their customer base and product differentiation. Some of the major players in the global GCC lubricant packaging market are Saudi Can Manufacturing Company Ltd, Mold Tek Packaging Ltd, First Press Plastic Moulders Ltd., Neelkamal Plastics Factory LLC., and Duplas Al Sharq.

According to a recent study by Transparency Market Research, the global GCC lubricant packaging market is predicted to expand at a robust CAGR of 3.30% during the assessed period 2016 – 2024. The market which was worth at US$162.7 mn in 2016 is likely to be valued at US$210.4 mn by the end of the assessed period. The market on the basis of end user is classified into chemicals, machine industry, oil and gas, power generation, metal working, automotive, and other manufacturing. Of these, the automotive sector holds the majority of the share owing to significant rise in the automotive sector. Booming automotive industry sector to provide lucrative growth opportunity in the market. On the other hand, chemical industry will exhibit a decent rise in the coming years. On the basis of region, Asia Pacific is anticipated to held the majority share and is predicted to dominate in the future owing to presence of major player and increase in economic conditions of the nations in the region.

Stringent Environmental Rules and Regulation to Hamper Market Growth

One of the major reasons that is helping the market to move in the forward direction is the several initiatives undertaken by the government to promote non-oil industries. Government of several countries are spending hefty amount behind non-oil industries to help it become one of the potential source of income. This is likely to help the population rely less oil industries which experiences recurrent volatility in the crude oil prices. However, on the other hand it has been noticed that the strict environmental rules and regulation imposed by various governing bodies are predicted to deter market growth.

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Rise in disposable income and rapid urbanization have significantly change people’s lifestyle. This has made them prefer premium and luxurious product resulting in increase in demand for vehicles. Rapid advancement in technology and extensive research and development activities to meet the ongoing demand for vehicles are indirectly helping the market. Rise in demand for vehicles results in high demand for lubrications. Consumption of lubricant in semi-liquid, liquid, or solid form is linked with the automobile industry. Surge in demand for packaging products such as intermediate bulk containers which store lubricant including process oil, grease, gear oil, and engine oil which are used in daily operation of automobiles is likely to foster market growth.

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Global Industrial Floor Scrubbers Market: Increased Emphasis on Cleanliness Driving Demand, notes TMR

The analysts of a fresh business and commerce study by Transparency Market Research (TMR) have notified that the global industrial floor scrubbers market is largely fragmented in nature, a few player do hold slightly stronger position than the rest. The report has identified Bortek Industries, Wiese, Inc., and Hako Holding GMBH & Co. KG are three companies who were ahead of the curve in the world industrial floor scrubbers market in 2016, although the continuous inflow of new entrants will continue eat into their shares. 

For the market leaders, the key strategies are to expand their geographical footprint and concentrate on strengthening their research and development activities, consequently making it difficult for smaller players to compete in terms of technology, reliability of products, and price. Tennant, Nilfisk, Tornado, Comac, Fimap, iRobot Corporation, and IPC Gansow are some of the other notable players currently aspiring greater shares in the global industrial floor scrubbers market.

Global Industrial Floor Scrubbers Market to be worth US$6.62 bn by 2025

If the projections of the TMR report are to be believed, during the forecast period of 2017 to 2025, the demand in the global industrial floor scrubbers market will increment at an impressive CAGR of 8.5%. By the end of the forecast period, 2025, the analysts have estimated that the opportunities in the market will translate into a revenue of US$6.62 bn, considerably up from its evaluated worth of US$3.24 bn in 2016. In the near future, development of new products that ideally meet the diverse demands from the end users is expected to define the leader of an intensely competed vendor landscape.

Based on type, the report has segmented the global industrial floor scrubbers market into ride-on scrubbers, walk-behind scrubbers, and robotic scrubbers. As of 2017, the walk-behind scrubbers segment provided for more than half (51%) of the total demand, although the robotic scrubbers segment is primed to grow at a stronger CAGR during the said forecast period.

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This escalating demand for robotic scrubbers is a reflection of persistent aspiration of various industries to adopt automation methods that improve efficiency of monotonous procedures and hence achieve incremented production. On the basis of end-use industry, the market for industrial floor scrubbers has been bifurcated into healthcare and pharmaceuticals, transportation, hospitality, education, government, retail and food, and manufacturing and warehousing. Geographically, the report highlights North America as most lucrative region, which provided for 33.5% of the total demand, while Europe emerged as second-leading regional market the same year.

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Pharmaceutical Bottles Market – PET Pharmaceutical Bottles Segment to Retain Leadership

The Spain market for pharmaceutical bottles is highly fragmented with a large portion of this market being operated by a number of international players, small domestic participants, and unorganized companies. Most of the international players focus aggressively on selling their products through distributorship in order to cater to the requirements of the pharmaceutical companies and are expected to continue this practice over the forthcoming years. Gerresheimer, Amcor, and Alcion Plasticos are some of the key players functioning in this market.

As per the estimations, the market for pharmaceutical bottles in Spain, which was worth US$241.4 mn in 2016, is likely to progress at a CAGR of 3.80% over the period from 2016 to 2024 and reach a value of US$235 mn by the end of the forecast period. In terms of shipment volume, the market is likely to touch 1,619 mn units mark by 2024. Thanks to the rising utilization of PET in the manufacturing of pharmaceutical bottles, fueled by its atmosphere barrier properties, the PET segment is likely to remain witnessing a higher growth than other material type segments over the next few years, reports the research study.

Oral Care Products to Report Strong Demand for Pharmaceutical Bottles

The report further provides a comprehensive evaluation of the application areas of pharmaceutical bottles in Spain. According to the study, pharmaceutical bottles are predominantly utilized in liquids, E-liquid, droppers, oral care products, and topical medication in this country. Oral care products, among all, have been exhibiting a greater demand for pharmaceutical bottles. It held a share of nearly 36% in the total demand for pharmaceutical bottles in Spain in 2016. Analysts predict the segment will demonstrate a significant incremental performance in terms of the growth rate as well as the market share throughout the forecast period.

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Topical medication, amongst others, is expected to witness a considerable rise in the years to come due to the design competence of pharmaceutical bottles that offer a convenient and less messy dispensing of lotions and semi-solid contents.

Plastic-based Pharmaceutical Bottles to Trend in Spain Pharmaceutical Bottles Market

“The advancements in the drug delivery formats applicable in the medical and healthcare industry are having the most prominent influence on the market for pharmaceutical bottles in Spain,” states the author of the study. Plastic-based pharmaceutical bottles are the latest trend in the Spain pharmaceutical market. The availability of relatively cheaper polymers in abundance has brought the focus of manufacturers towards producing pharmaceutical bottles from plastic. According to researchers, this trend will shape the future of this market over the forthcoming years.

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Smart Homes Market Brings Unprecedented Data With New Challenges

The global smart homes market is envisaged in a report by Transparency Market Research (TMR) to witness a moderate degree of competition due to the presence of a small number of players. However, the factor of high profitability could encourage more players to enter the global smart homes market during the forecast period 2017-2025. Merger and acquisition and constant improvement of product portfolio are expected to see high adoption among players to gain a stronger share of the global smart homes market. Some of the leading players of the global smart homes market are Schneider Electric SE, Johnson Controls, Inc., and Honeywell International, Inc.

TMR envisions the global smart homes market to post a 14.6% CAGR to reach a US$97.61 bn in valuation by 2025. In 2016, the global smart homes market was valued at a US$30.02 bn. Among applications, HVAC control could bag a colossal share of the global smart homes market by the end of the forecast period. In 2016, it collected a 27.2% share of the global smart homes market. From a geographical standpoint, the smart homes market is foreseen to find North America taking its command in terms of revenue growth. In 2016, the regional smart homes market accounted for a 38.7% share.

Rising Need to Save Energy and Enable Automation at Homes to Boost Growth

The global smart homes market is predicted to gain momentum in its growth because of the rising adoption of IoT. Urban populations showing an increasing inclination toward home automation for saving energy could set the tone for valuable growth in the global smart homes market. On the other hand, reducing prices of processors and sensors is expected to improve the demand in the global smart homes market. The growing need to improve home security, high focus on enabling ease of living, and rising disposable income of people could create several opportunities in the global smart homes market.

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The advent of high-speed internet and increasing demand for Wi-Fi connectivity are prophesied to provide a fillip to the global smart homes market. Besides North America, Europe could witness a strong rise in the demand for smart homes owing the need to reduce energy consumption and presence of a significant count of industries in the region.

Extortionate Cost of Smart Home Services to Provide Headwinds to Market

The requirement of constant maintenance and expensive cost of various tools and services are forecast to hamper the demand for smart homes. Rising number of privacy issues and cases of security breach could make up another factor dampening the growth of the global smart homes market. However, improving adoption of power line communication technology is prognosticated to bolster the global smart homes market. On the other hand, the need to improve energy efficiency and enhance entertainment, security, lighting controls, and other applications in residences could augment the demand in the global smart homes market.

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