IT Spending in Retail Industry Market Competitive Research And Precise Outlook 2019 To 2026

According to a new market report published by Transparency Market Research the global IT spending in retail industry market is expected to reach a value of US$ 188.5 Bn by 2026, due to increasing adoption of advance technology by retail companies. The market is projected to expand at a CAGR of 6.5% during the forecast period from 2018 to 2026. North America is expected to hold the dominant position in the market followed by Europe and Asia Pacific during the forecast period.

Adoption of 5G Technology by E-commerce Companies Accelerating IT Spending in Retail Industry

5G provides significant speed compared to previous communication technologies. 5G enabled mobile networks are set to offer average speeds of around 1GBP, which is expected to significantly reduce latency, reduce power consumption, and support increased connection density of devices on the network.

This is important for the increasing number of connected devices such as mobile phones and IoT devices. 5G is expected to greatly affect the adoption of Internet of Things (IoT) technology, with the increased speed, lower latency, and power requirements, facilitating machine to machine communication within a large network of low-cost sensors.

Request a Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=61914

Further, the emergence of private 5G networks are expected to provide retailers deeper capabilities to personalize in-store shopping experience such as streamlining payments, better inventory management, and tailored recommendations and offers. 5G communications technology is expected to drive mobile e-commerce further, with retailers providing their customers with media-rich interactions and personalized experiences across multiple touch points and channels - mobile, online, or in-store.

According to Salesforce.com, Inc., 71% of shoppers used their mobile devices in-stores in 2018 (83% for shoppers aged 18-44), an increase from 62% in 2017. This enables retailers to provide a seamless customer experience. Early adopters of 5G technology in the retail industry are likely to provide their customers with revolutionary experiences and customized product offerings, along with rich content delivery mechanisms. This would provide a unique, personalized retail experience with greater chances of up-selling or cross-selling offerings to the customer.

Read More

Process Simulation Software in Oil and Gas Market - Global Strategies and Insight driven transformation 2019-2027

According to a new market report published by Transparency Market Research the global process simulation software in oil & gas market was valued at US$ 927.7 Mn in 2018 and is expected to expand at a CAGR 4.3% from 2019 to 2027, reaching US$ 1,349.3 Mn by the end of the forecast period.

According to the report, North America was the largest contributor in terms of revenue to the process simulation software in oil & gas market in 2018. This growth is mainly attributed to the growing need for process simulation software among oil and gas companies to efficiently design and analyze each process during exploration and production of oil and gas in the region.

Increase in global drilling activity and rise in overall expenditure by oil and gas companies

Drilling activity has significantly increased from the past year, thus increasing the demand/ requirement for designing, modeling, visualization, and data capturing tools. E&P companies are in greater need for simulation tools and services that can help them maximize production and minimize errors in order to efficiently conduct the drilling process. For instance, according to the worldoil.com report, the U.S. was expected to drive the overall global drilling activity with around 18,552 drilled wells in the year 2017.

Request a Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=64317

Hence, this is a major factor which is boosting the growth of process simulation software in oil & gas market across the world. Furthermore, increase in overall expenditure by oil and gas companies around the globe is also likely to fuel the growth of this market. This is primarily due to the growing number of approved oil and gas projects around the globe. In order to efficiently accomplish these projects, oil and gas companies are investing in various technologies including simulation and 3D technology which plays a vital role in overall project initiation.

Process Simulation Software in Oil & Gas Market: Scope of the Report

The global market for process simulation software in oil & gas has been segmented on the basis of component, application, operation type, and geographic regions. On the basis of component, the market is segmented into software and services. Software segment is further categorized into cloud-based and on-premise. Services segment is categorized into consultancy, training, and support. In 2018, the software segment accounted for the largest market share in terms of revenue of the global process simulation software in oil & gasmarket. Furthermore, the services segment is expected to expand at a significant growth rate during the forecast period.

Read More

HSE Consulting and Training Services Market 2019 Along with Statistics, Forecasts till 2027

The demand within the global HSE consulting and training services market is growing alongside advancements in industrial planning and management. The wide scope of applications for HSE consulting and training services has played an integral role in market growth. Health, safety, and environment (HSE) consulting holds relevance for several industries of the contemporary age.

Besides, the need for risk assessment across the aforementioned verticals has also garnered the attention of the masses. The industrial sector is characterised by the use of hazardous substances and high-risk applications. Henceforth, industrial heads resort to the use of HSE consulting and training services in order to minimize risks and dangers. Accident reporting and contract management are amongst other key applications of HSE consulting.

Transparency Market Research (TMR) finds that the global HSE consulting and training services market would accumulate revenues worth US$ 59,832.1 Mn by 2027, rising up from 35,074.2 Mn in 2017. The CAGR of the global HSE consulting and training services market for the period between 2019 and 2027 is tabulated at 5.9%. Medical data analysis has emerged as an important service in the market. The market in North America and Europe accounts for a large percentage of revenues in the global HSE consulting and training services market.

Request PDF Sample For More Information@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=66341

Need for Developing Congenial Working Environments across Industrial Units

The next decade is set to witness the inflow of voluminous revenues in the global HSE consulting and training services market. The unprecedented demand for managing the dynamics of the industrial sector spanning into air quality management, ventilation, and industrial hygiene has garnered the attention of the market players. There is no doubt about the seriousness of industrial units in embracing new technologies that offer resilience in manufacturing. Henceforth, the total volume of revenues in the global HSE consulting and training services market is set to rise by a dramatic chase.

Seriousness of Industrial Units toward HSE Training

Occupational health services make up for a large share of revenues within the global HSE consulting and training services market. Furthermore, the need to avert violence and harassment across the industrial expanse also necessitates the use of HSE consulting. The utility served by HSE training services is behind increasing demand across the market. Moreover, industries have touched the pedestal of recognition through deployment of audit programs, environmental monitoring schemes, and hazard analysis methods. Henceforth, the HSE consulting and training services market is set to move along a lucrative growth track in the years to follow. Several key industries including oil and gas, automotive, pharmaceuticals, and aviation are end-users of HSE consulting and training services.

Read More

Automotive Braking Component Market Analysis, Status and Global Outlook 2019 to 2026

The global braking component market is projected to be driven by increase in demand for occupant safety. Rise in number of young consumers with preference for high-speed vehicles is boosting the demand for prompt and responsive brakes.

Government emphasis on pedestrian safety and rise in awareness among consumers are propelling the global braking component market. Increase in demand for high-performance vehicles is fuelling the automotive braking component market. Rise in sales of sports utility vehicles in North America and Europe and their usage in off-terrains have driven the demand for robust braking systems.

Increasing preference of people for quieter and smoother running brakes have fueled the usage of ceramic and organic brake pads. Metal brake pads are cost-effective and conventional; therefore, this segment accounts for a prominent share of the market. Usage of organic and ceramic brake pads permits effective, sudden braking. Ceramic brake pads have fine copper wire mesh, which increase friction and heat conductivity. These brake pads generate less dust particles and have longer shelf-life.

Request PDF Sample For More Information@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=45801

Rise in vehicle production in developing countries such as China, Brazil, Mexico, and India is driving the braking component market. High demand for commercial vehicles due to GDP growth and improvement in infrastructure is driving the demand for braking components. The fixed caliper brake segment is estimated to expand at a considerable pace, due to rise in demand owing to their usage in heavy-duty and high-speed vehicles. Fixed calipers have rigid mounting and hence, they offer efficient braking performance under heavy load and at high speed.

Demand for stainless steel brake lines is anticipated to increase during the forecast period due to high cracking resistance and strong brake lines. Stainless steel brake lines have higher durability and low risk of failure; therefore, stainless steel brake lines are being increasingly utilized in premium and luxury vehicles.

Read More

Winter Tire Market Trends, Size and Forecast Research Report

Transparency Market Research (TMR) witnesses that the global winter tire market has a significantly competitive vendor landscape owing to the dominance of few players. Bridgestone Corporation, Continental AG, Nokian Tyres plc, Nexen Tire Corporation, The Goodyear Tire & Rubber Company, Sumitomo Rubber Industries, Ltd., Pirelli & C.S.p.A., The Yokohoma Rubber Co., Ltd., and Hangzhou Zhongce Rubber Co., Ltd. are some of the key players in the global winter tire market.

According to TMR, the global winter tire market is projected to collect revenue of US$ 28 Bn by 2026-ened in terms of revenue. The market is expected to swell with a CAGR of 3% over the forecast period from 2019 to 2027.

Based on tire type, the non-studded tire segment is likely to dominate the market by expanding at a prominent growth rate over the forecast period. Based on the vehicle type, the passenger vehicle segment held lion’s share in the winter tire market and is predicted to continue its dominance in the market over the forecast period. Based on the region, Europe is expected to stand at a significant market for winter tires followed by Russia and North America. This is attributable to the presence of stringent government norms and harsh winters in Europe.

Request a Sample of Winter Tire Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=45300

Rising Importance of Driving Safety Propels Market Growth

Rising interest for driving security is boosting the interest for winter tires. Summer or all-season tires become solid at low temperatures and subsequently, lose footing. Vehicles outfitted with winter tires are said to stop at a 30% shorter separation than a vehicle furnished with all-season or summer tires. Winter tires empower better braking and vehicle moving in virus atmospheres and consequently, an expanding number of shoppers are embracing winter tires.

Stringent winter tire guidelines sanctioned in Europe and Russia is an essential driver of the winter tire market in Europe and Russia. Winter tires are compulsory in a few nations in Europe, for example, Austria, the Czech Republic, Estonia, and Latvia. In 1999, the winter law was passed in Sweden and crash rates were analyzed for post-enactment period and pre-enactment period. A decrease in crash by 11% to 14% was watched.

Read More

Off the Road (OTR) Tire Market value projected to expand by 2018 – 2026

Growing urbanization and sustained investments in construction are driving the usage of construction vehicles, thus boosting the demand for OTR tires. The Trump government has set plans for an infrastructure investment of US $ 1.7 Trn to develop rural infrastructure, highways and bridges.

The EU–China deal, named Belt and Road Initiative, of US$ 9 Bn to construct an intercontinental highway is expected to drive the demand for construction vehicles, thereby boosting the demand for OTR tires. Increased industrial activities in Asia Pacific and Latin America is driving the sales of electric forklifts and warehouse trucks. Demand for lean production is driving the adoption of large number of industrial vehicles within facilities and warehouse, which in turn is boosting the OTR tire market.

Based on industry, the agriculture segment is expected to dominate the global OTR tire market both in terms of volume and revenue. Modernization of agricultural activities and rising consumer demand due to rising population are boosting the adoption of tractors and agricultural equipment, which in turn is driving the demand for OTR tires.

Request a PDF Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=39716

The construction & mining segment of the market in Asia Pacific, Latin America, and Middle East & Africa is expected to expand at a high growth rate during the forecast period. Recovery of the economy of Brazil is expected to witness higher budgeting for infrastructure, thus boosting the sales of construction vehicles. This, in turn, is anticipated to propel the OTR tire market in the country.

Giant OTR tires of 51’’ to 63’’ rim size are expected to witness a significant demand owing to rise of construction projects in developing countries. The stability of commodity prices has boosted the mining sector. Usage of dump trucks, excavators, scrappers, and other mining vehicles to improve the output is expected to boost the demand for OTR tires.

Asia Pacific is a key market for OTR tires. Abundance of natural rubber in the region has played an instrumental role in achieving competitive pricing of OTR tires. Rapid economic expansion witnessed by countries in Asia Pacific is expected to boost industrial activity and construction projects, thus driving the OTR tire market in the region.

Read More

Driving Footwear Market Global Outlook on Key Growth Trends, Factors

The driving footwear market in North America holds the second largest share in the global driving footwear market and is expected to grow moderately over the forecast period. Driving boots hold the highest market share in North America among different types of driving footwear. Driving sneakers are seeing increasing demand and their growth is expected during the forecast period.

The online driving footwear market is expected to grow faster than the offline driving footwear market. In 2018, the population in North America reached 494.4 million, of which about 40.0% is aged between 25-54 years. These are the major purchasers of online driving footwear. In 2018, internet penetration in North America reached 90.0% of the population. The U.S. holds the lion’s share in the North America driving footwear market, with a share of more than 80.0% expected by the end of the forecast period.

Request A Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=58473

As per Footwear Distributors and Retailers of America (FDRA), footwear is one of the most purchased items in the U.S. Per capita footwear consumption in the U.S. is seven pairs of shoes. The U.S. is one of the largest importers of footwear in the world. Almost all the footwear used in the U.S. is imported. As per current data from FDRA, 2.39 billion footwear pairs sold in the U.S. are imported and only 25 million footwear pairs are U.S. made.

The driving footwear market in Europe is the largest in the world and is expected to grow moderately over the forecast period. Driving boots hold the highest market share in Europe among different types of driving footwear and is expected to hold a market share close to 60.0% by the end of the forecast period. Driving sneakers which are widely popular in Europe are expected to see increased demand during the forecast period. The U.K., Germany, Italy, France, and Spain are major markets in the Europe driving footwear market, with a share close to 75.0% expected by the end of the forecast period. Europe is the largest footwear importer in the world.

Read More