Engineering Software Market Grows at a Spectacular 12.4% CAGR on Account of Burgeoning Industrial Automation

The global engineering software market depicts the presence of a highly aggressive and fragmented vendor landscape, mainly due to the existence of innumerable players, says Transparency Market Research on the basis of a recently published report. A humungous rivalry mainly exists at an international level. However, several local players are fast gaining ground in this market, thereby giving a tough time to the international businesses, in terms of marketing their products and services. With the number of players expected to increase during the next few years, the global engineering software market is prophesized to depict a rapidly charged-up competitive landscape.

Most businesses in the global engineering software market are focusing on expanding product portfolios, coupled with providing technologically advanced offers. Achieving cost regulation, improving geographical reach, and bringing forth innovative concepts are a few other domains where companies are attempting to gain a competitive edge over their rivals. Synopsys, Inc., Bentley Systems, Inc., Autodesk, Inc., PTC, Inc., Ansys, Inc., Geometric Ltd., Dassault Systemes S.A., Siemens PLM Software, Inc., IBM Corporation, SAP SE, Synopsys, Inc., and MSC Software Corporation, are key players operating in the global engineering software market.

As per experts, the global engineering software market is expected to grow at stellar CAGR of 12.4% during the forecast period from 2015 to 2022. This market registered a splendid revenue of US$19.98 bn in 2014, which is expected to grow further during the said tenure.

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A rising need for automation and demand for automation of integrated solutions in order to facilitate quality designing and analysis of engineering systems in a plethora of applications is majorly driving the global engineering software market. Moreover, with a rapidly expanding industry where cloud engineering is utilized on a vast scale, this market is progressing at a fast pace in recent times.

Electronic devices such as smartphones, tablets, and laptops are penetrating most regions all over the globe, which is further expected to boost the global engineering market’s growth. This is mainly due to an extensive use of the software services in these devices, which form an integral part of their functioning. Demand for industrial automation is likely to fuel growth in the global engineering software market. Lastly, engineering software services are in high demand in the domains of architectural mapping, 3D printing, construction, and other similar fields. And as each of these sectors is witnessing a significant boom currently, the global engineering software market is expected to expand tremendously during the next few years.

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Footwear Market Witnessing Enormous Growth by Key Players: Adidas AG, Nike Inc, Puma SE, Deichmann SE

The European footwear market is characterized by the presence of key players such as Nike Inc, Puma SE, Adidas AG, Bata Limited, and Deichmann SE, states Transparency Market Research (TMR) in its new report. A large number of footwear sold in European countries comes from the emerging nations of South East Asia, especially from China. The higher wages, price of materials, and import tariffs set by European nations is increasing the growth opportunities for South-East Asian suppliers. Europe is also looking to achieve reduced costs by working with the suppliers and manufacturers in developing nations.

According to the report by TMR, the European footwear market will be worth US$47.6 bn by 2021. By type of footwear, the market is bifurcated into athletic and non-athletic footwear, and the segment which is anticipated to lead among the two is the non-athletic footwear segment. The non-athletic footwear not only led in the past and is currently holding highest share of the market but also estimated to continue in its leading position in the years to come. The growing changes in fashion and increase in the number of working women will spur the growth of the non-athletic footwear market in Europe.

U.K. Continues to Reign in European Footwear Market 

On the basis of geography, the European footwear market is segmented into the U.K., Italy, Spain, France, Germany, the Netherlands, and the Rest of the Europe. Of these, the U.K. not only held the leading position in the footwear market in the past, but shall continue to do so through 2021.  Germany is anticipated to continue being on the second leading position in the European footwear market.

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On the basis of gender, the footwear market in Europe will be led by men owing to rising brand consciousness among European men and a growing awareness of fashion. Improved designs and growing advancements in shoes for men will also help drive the growth of this segment in the years to come. The women’s footwear market will also see an upward trend with growing number of working women in Europe.

Changing Fashion Trends to Drive Demand 

The growing sense of brand consciousness and constantly changing fashion trends continue to remain the two most important drivers for the footwear market. The increasing popularity of sports footwear as opposed to traditional footwear will help drive the growth of the footwear market in Europe. The shift to sports footwear is fueled by the increasing participation in sports activities and also due to an increase in the number of people opting for fitness and physical exercise. Increasing incidences of obesity and various physical issues have created a need for maintaining fitness levels and this has resulted in a growing number of people opting for jogging and other physical exercises. All these factors are proving to be beneficial for the growth of the European footwear market.

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Warranty Management Systems Market is Projected to Witness a Steady Growth by 2022 | PTC, Inc., Oracle Corporation, SAP SE

Increased demand for processes to improve product life cycle management and increase overall revenue of companies has led to the demand for improved warranty management systems. Rising technological awareness has encouraged population worldwide to automate their warranty claim management processes. In addition, technological vendors entering this market to fulfill the nature specific demands have increased the popularity of warranty management systems. Warranty management systems enable providers to offer services at the convenience of customers through its wide range of offerings.

 

Warranty vendors offer solutions through services and software. Manufacturers are at liberty to choose the option that suits best to their business requirement. With the increased penetration of Internet worldwide, the cloud based warranty management systems have gained increased adoption, globally. In addition, manufacturers benefit as they reduce losses on fraudulent claims and work towards improved product quality through efficient warranty management systems. External factors such as new entrants and increasing number of manufacturing firms across the world are expected to drive the growth of WMS market during the forecast period.

 

Warranty management systems can be accessed either through on-premise or cloud based software. Cloud based warranty management software have found increased penetration with ease of installation, saving on infrastructure cost, and ease of use. The on-premise warranty management software market held the largest share of the overall WMS market in 2013. With provisions for enhanced security and complete control options to the customer, on-premise warranty management systems strive to remain competitive in the market.

 

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Warranty management systems, by deployment, can be segmented into private, public and hybrid cloud. and by application – automotive, industrial equipment, heavy machinery and equipment, HVAC, aerospace and defense, food and beverages, healthcare, communication equipment and others (office equipment, furniture, and apparel). In 2013, healthcare industry held the largest share in the overall warranty management systems market. Increasing demands for healthcare services and increasing number of aging population worldwide has led to increases transactions within this market segment.

 

Aerospace and defense seem to be gaining momentum with increasing demand for efficient ways to manage scheduling and streamlining tracking of inventory within this volatile industry. Automotive industry has found increased demand over the forecast period pertaining to the rise in disposable income and changing life style of people worldwide. This increase in production of automobile has led OEMs to incorporate WMS in order to balance supply and demand and meet customer specific quality of products.

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Baby Diapers Market by New Innovations, Technology Updates and Forecast To 2021

The Asia Pacific, Middle East, Latin America, and South Africa Baby Diapers market features a landscape characterized by moderate degree of fragmentation, finds Transparency Market Research (TMR). The shares of the regional markets are fragmented across large players and small indigenous manufacturers. Globally prominent consumer goods companies such as Procter and Gamble Company and Johnson and Johnson are consolidating their shares, especially by focusing on markets with rising disposable incomes of consumers. Lower income families and rural populations are still largely get attracted to local manufacturers, especially in less developed regions.

Well entrenched players include names such as Kao Corporation, Kimberly-Clark Corporation, Unicharm Corporation, Bumkins Finer Baby Products, Inc., and Indevco Group.

The Asia Pacific, Middle East, Latin America, and South Africa baby diapers market stood at US$20.75 bn in 2014. The overall regional market is projected to clock a CAGR of 7.6% during 2015–2021. The overall opportunities in the regional market will reach a worth of US$34.87 bn by the end of this period.

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Among the various key regions, Asia Pacific held the leading share in the overall regional market for baby diapers in 2014. The region is expected to hold its sway, vis-à-vis volume and revenue, throughout the forecast period. The demand is driven by burgeoning populations with large disposable incomes, especially in India and China. Multinational companies have also begun plowing money into the regional market, which points to its rising lucrativeness. Asia Pacific will be trailed by Latin America. Rising purchasing power of consumers will bolster the growth in the Latin America baby diapers market.

The Asia Pacific, Middle East, Latin America, and South Africa baby diapers market is driven by increasing awareness among parents and caregivers about the role of baby diapers as a key hygiene product. This awareness stems from the need for ensuring the health of infants. Over the past several years, infant mortality rate in developing nations have witnessed a decline. This supports an exciting evolution trajectory in the Asia Pacific, Middle East, Latin America, and South Africa baby diapers market.

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Aerostat Systems Market by Latest Trends, Business Opportunities, Segmentation and Top Profiles 2022

A majority of the presence of key players in the global market for aerostat systems is located in North America and Europe. These regions have consistently shown a high interest in surveillance strategies and the implementation of effective and long-term defensive tactics.

The presence of players such as Lockheed Martin Corporation, Aerostar International, Inc., and RosAeroSystems International has had a tremendous effect in boosting the demand for aerostat systems in these regions while simultaneously creating a high rate of product and material development for the same.

As per a research publication released by Transparency Market Research, the global market for aerostat systems is extremely consolidated with only a handful players taking up large chunks of the market value. Most of these companies directly cater to the defense sectors of various regions, which is the leading consumer of aerostat systems.

Most of the demand for aerostat systems by the defense sector is issued in tenders and handled by the more prominent players.

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The global market for aerostat systems is expected to be valued at US$4.64 bn by the end of 2016 and US$10.10 bn by the end of 2023. This revenue is expected to expand at a CAGR of 13.8% within a forecast period from 2015 to 2022.

By the end of 2022, the military sector is expected to generate a demand for aerostat systems valued at US$7.01 bn, making it the dominant application segment of aerostat systems till then. The military sector is also the leading application segment in terms of demand expansion, showing a CAGR of 14.0% from 2015 to 2022.

North America Retains Leading Consumption Rate of Aerostat Systems

North America, owing to its strong demand for aerostat systems from the defense sectors of the U.S. and Canada, is currently the dominant region in the usage of aerostat systems. This region is expected to remain the dominant one till 2022, at which time it is expected to reach US$2.73 bn in aerostat systems revenue.

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On the other hand, Asia Pacific is expected to show the faster CAGR of 16.2% from 2015 to 2022, owing to growing border control efforts and surging investments in national defense agencies.

Aerostat Systems Deemed Far Superior to Surveillance Aircraft Systems

“The inherent advantages that aerostat systems possess over conventional surveillance aircraft systems are enough to drive this market towards a satisfactory progress rate. The key advantage of using aerostat systems at the moment is their cost in comparison to aircraft and drone surveillance systems. That is because using aerostat systems reduces fuel consumption to such an extent that the over difference in expenses is massive,” states a TMR analyst.

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Data Center Security Market by Worldwide Evolving Technology, Growth Rate and Forecasts 2022

The highly competitive vendor landscape of the global market for data center security features a large number of core IT solutions providers and several large enterprises dealing in the sector of digital technologies. So as to carve a more profitable growth trajectory in the market, companies have been putting increased emphasis on monetizing opportunities in new application areas and emerging markets, observes Transparency Market Research in a recent report. Companies are also observed to be more actively involved in R&D activities and strategic collaborations with the aim of tapping new application areas and expanding their product portfolios.

According to the report, the global data center security market will register a CAGR of 12.60% over the period between 2014 and 2022, rising to a revenue opportunity of US$ 11.77 bn by 2022.

Some of the leading companies in the market are Symantec Corporation, McAfee, Inc. (Intel Corporation), Fortinet, Inc., Juniper Networks, Inc., Cisco Systems, Inc., IBM Corporation, Hewlett-Packard Development Company, Dell, Inc., Check Point Software Technologies, Ltd., and Trend Micro, Inc.

Software Segment Continues to Be Most Lucrative

Of the key components of a typical data center security solution, the software segment presently accounts for a dominant share in the market, accounting for a lion’s share in the overall valuation of the market at the beginning of forecast period of the report. The trend continues to remain strong and data center security software products continue to account for a significant share of the market to this date. The segment is likely to lead in terms of revenue valuation as well as market share, over the forecast period as well.

From a geographical perspective, the market in North America accounts for the dominant share in the market, thanks to the presence of several leading players as well as a digitally well-developed infrastructure of the enterprise sector that involves the massive usage of voluminous data centers. The region is likely to hold its top spot throughout the report’s forecast period; the market in Asia Pacific is expected to emerge as one of the most promising regional markets owing to an increased focus on the digitization of industries such as BFSI, telecom, and networking.

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One of the key factors driving the global data center security market is the rising complexity and sophistication of data thefts and the consecutive rise in demand for advanced security solutions to keep digital data from such looming threats. The increased adoption of data centers in the enterprise sector with the aim of centralizing IT operations and data is compounding the increased need for effective security tools and solutions. The market is also driven due to the increased investment of emerging economies into the improvement of IT infrastructure of enterprise and government sectors.

The vast rise in digital data due to ongoing digitization activities in countries across Asia Pacific and Latin America are also necessitating the use of data center, driving the need for effective security solutions in turn. Rise in R&D activities and the steady influx of advanced and more reliable data center security solutions will drive the market over the next few years.

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Facial Recognition Market is Rising Rapidly Due to Extensive Investments by Key Players

The global facial recognition market is displaying a fierce competition in its competitive landscape. Prominent players in the market are focusing to strengthen their distribution network, states a newly launched market report by Transparency Market Research. This is mainly to cement their position in the global facial recognition market. The dynamics of the market is changing quite often owing to entry of new players every now and then. Some of the predominant players operating in the global facial recognition market are NEC Corporation, Cross Match Technologies, ZK Software, Safran Group (Morpho S.A.), FaceFirst LLC, 3M Cogent Inc., Cognitec System, Animetrics, Inc., and Aware Inc.

As per Transparency Market Research the global facial recognition market was noted at US$ 1,307.0 mn in 2014. The market is likely to grow at a whopping CAGR of 9.5% during the forecast period from 2015 – 2022.

From a geographical standpoint, North America dominated the global facial recognition market in 2014. The region accounted for around 38% share of the total market in the same year. However, the region is expected to lose its share on Asia Pacific region owing to increasing demand in the countries such as Australia, Japan, South Korea, India, and China. From a technological standpoint, 3D facial recognition technology is likely to surpass the growth of 2D technology this is because of the accurate results offered by the former.

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The facial recognition market is likely to grow owing to the rising security threat to organizations that has necessitated security improvements. This is considered as a major driver for the growth of the global facial recognition market. Apart from this, increasing crime and terrorist activities across the globe is demanding a dire need of implementation of facial recognition systems. In addition to this, advancements in smartphone technologies has resulted in incorporation facial recognition feature in these gadgets. This is a crucial move by players of facial recognition market. 

High Cost of  Facial Recognition Infrastructure Set up to suppress Growth 

Despite several drivers of the market, high cost associated with the setup of the facial recognition framework is likely to hinder the growth.  Further, limited technology reach in underdeveloped and remote region is also posing a major threat to the growth of the global facial recognition market.  Nevertheless, extensive efforts taken by players to develop low cost facial recognition devices may offset restraints of the market.

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