Monday, 13 April 2020

Vehicle Occupancy Detection System Market Future Trends and Scope 2027

  April 13, 2020    No comments
Transparency Market Research delivers key insights on the global vehicle occupancy detection system market. In terms of revenue, the global vehicle occupancy detection system market is estimated to expand at a CAGR of ~12% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in its report on the global vehicle occupancy detection system market.
Vehicle occupancy detection systems are used on HOV/HOT lanes to help roadway agencies keep the roadways safer and improve throughput. They also allow authorities to detect violators. These systems are mounted on the top of HOV lanes with the help of racks at specific distances throughout the HOV lanes or at HOV toll booths. Another form of these systems is mobile vehicle occupancy detection systems, wherein, system components are mounted on a rack arrangement, and the complete arrangement is mounted on a mobile trolley that can be transported from one point to another as per local traffic conditions.
Various countries are considering the implementation of HOV lanes as a more sustainable option, especially to tackle the increasing issue of traffic congestion and encourage ride-sharing and use of public transport. Furthermore, in the long run, this is expected to reduce the overall emission of harmful gases. The global vehicle occupancy detection system market is shifting toward the incorporation of AI into vehicle occupancy detection systems in order to attain advanced features and increase overall system accuracy.
A vehicle occupancy detection system relies on the video-based detection method. The video-based detection method faces several difficulties in distinguishing between subjects and objects, seated or placed over the seat, due to various factors. This factor is anticipated to hinder the demand for vehicle occupancy detection systems during the forecast period.
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Global Vehicle Occupancy Detection System Market: Prominent Regions
North America accounted for a key share of the global vehicle occupancy detection system market in 2018. The region is expected to dominate the global market between 2019 and 2027, owing to the increasing demand for these systems in the region. The U.S. constituted a significant share of the vehicle occupancy detection system market in North America in 2018. The U.S. makes high investments in R&D activities aimed at the innovation of new technologies.
Asia Pacific is anticipated to be a highly lucrative market for vehicle occupancy detection systems throughout the forecast period, owing to the increasing adoption of these systems in developing economies in the region, such as China. The lucrativeness of the vehicle occupancy detection system market in Asia Pacific is anticipated to increase in the next few years, owing to extensive research & development activities by key market players, and various initiatives by governments for the construction of new HOV/HOT lanes in the region.
Europe is likely to emerge as the third-largest market for vehicle occupancy detection systems across the world during the forecast period. The region is anticipated to hold a considerable share of the global vehicle occupancy detection system market during the forecast period. Rising investments in the construction of HOV/HOT lanes are expected to augment the adoption of vehicle occupancy detection systems in Europe in the next few years.
Global Vehicle Occupancy Detection System Market: Key Players
Key players operating in the global vehicle occupancy detection system market are displaying synergies through close cooperation and collaboration in the areas of sales, marketing, and production. Manufacturers are also expanding through organic methods, such as increasing the production capacity, in order to meet the rising demand for vehicle occupancy detection systems across the globe.
Key players operating in the global vehicle occupancy detection system market are Siemens AG, Indra Sistemas, S.A., NEC Corporation of America, TransCore, LP, Fortran Traffic Systems Limited, Vehicle Occupancy Detection Corporation, Invision AI, Inc., and Conduent Inc.
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HSE Consulting and Training Services Market: Key Players, Industry Size, Segmentation, Opportunities, Forecast To 2027

  April 13, 2020    No comments
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.
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.
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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.
Some of the key players operating in the global HSE consulting and training services market are RPS Group PLC, Bureau Veritas SA, WHA Services, STE Group, STS Consulting Services, LLC, HSE Consulting, Sigma-HSE Ltd., World Star HSE, and IRESC.
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Location Based VR Market Scope and Trends 2027

  April 13, 2020    No comments
Transparency Market Research has published a new research report on the global location based VR market. According to this report, the global market was valued at US$12,234 mn back in the year 2017. The research report also states the global market is expected to achieve a highly promising CAGR of 15.25% during the projection period of 2019 to 2027.
Europe and Asia Pacific to Show Promising Growth
In terms of regional segmentation, the global location based VR market is currently led by the regional market of North America. The region has been the chief contributor for the market growth because of the considerable adoption of these location based VR solutions. In addition to this, increasing awareness as well as early availability of technology, and constant technological developments has also helped in pushing the growth of the North America market.
Furthermore, growing use of location based VR solutions across applications such as entertainment, media, and gaming among others is also expected to push the development of the regional segment. However, other regional market such as Asia Pacific and Europe are also expected to show promising rate of growth in the coming few years of the forecast period. With growing adoption and popularity of 4D films, themed attraction, and amusement parks, the location based VR market is expected to achieve huge growth.
Europe in particular, the companies in the market are now trying to implement highly advanced customer support solutions such as social media platforms and chatbots for constant interactions and reviews. In addition to this, expansion of production and manufacturing industries in the Asia Pacific market is expected to further boost the development of the global location based VR market in the region.
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The competitive landscape of the global location based VR market is a fragmented one with the presence of several key players. These leading companies are constantly trying to develop more advanced and high-end products. In addition to this, the companies are focusing on aggressive marketing strategies such as mergers and acquisitions for staying ahead of the competition. Some of the leading companies in the global location based VR market include names such as ScienceSoft USA Corporation, Oculus VR, NEXT NOW Inc., MOFABLES, Intel Corporation, Huawei Technologies Co. Ltd., HTC Corporation, HQSoftware, Google LLC, Craftars, Cortex, BidOn Games Studio, and Appentus Technologies among others.
Increasing Investments to Fuel Market Growth
There are several factors that are helping to drive the growth of the global location based VR market. One of the key driving factor for the market growth has been the emergence of several startups catering to several location based VR solutions. Moreover, these companies are targeting a high-end growth and certain end-use application in the previous few 4 to 5 years. Furthermore, the growth of the global market is fueled by increasing funding and investments to develop highly advanced products and solutions.
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3D Reconstruction Technology Market Strategies and Forecasts, 2019 to 2027

  April 13, 2020    No comments
According to a new market report published by Transparency Market Research,the global 3D reconstruction technology market was valued at US$ 778.4 Mn in 2017 and is expected to expand at a CAGR of 6.7% from 2019 to 2027, reaching US$1,432.6 Mn by the end of the forecast period. According to the report, Europe was the largest contributor in terms of revenue to the 3D reconstruction technology market in 2017.
Rising government initiative for preservation of cultural heritage driving the global 3D reconstruction technology market 
The driving factor for the 3D reconstruction technology market is rising focus of governments on preservation of cultural heritage. Cultural heritage is the keystone of history. Cultural heritage is important for the creation of a common identity as well as for social and economic development. Digital technologies and the internet bring unique opportunities to access cultural material for leisure, study, or work, reaching out to broader audiences, engaging in new user experiences and reusing it to develop learning and educational content, documentaries, tourism applications, games, and other innovative applications.
To achieve this, governments have taken initiatives to reconstruct images or videos in 3D models. For instance, in December 2012, the online platform Europeana announced plans to convert one million historical images into digital form. In May 2017, Europeana.eu, a digital platform for cultural heritage based in Netherlands presented Europeana Photography, an online collection bringing together and sharing a vast archive of historical images. Europeana Photography has presented images from the first 100 years of photography, sourced from photographic archives, agencies, and museum collections across Europe. 
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3D Reconstruction Technology Market: Scope of the Report
The global market for 3D reconstruction technology is segmented on the basis of type, construction type, application, industry, and region. The market is categorized based on type into 3D reconstruction software; based on images and video; and based on 3D scanning. In terms of construction type, the market can be classified into active and passive. The passive reconstruction type is estimated to account for the highest market share in 2019. However, active construction type is expected to expand at the high CAGR as it offers accurate and real time data type.
The market can be divided based on application into civil engineering, product design & development, public safety & forensics, medical, gaming & entertainment, mapping & surveying, and archeology & documentation. In terms of industry, the market is segmented into industrial manufacturing, healthcare, media & entertainment, agriculture, government & public safety, oil & gas, marine, infrastructure & construction, energy, museum & heritage, and aerospace. Industrial manufacturing is further categorized into robot manufacturing, heavy equipment, and automotive. Infrastructure & construction is categorized into bridges, dams, and tunnels.The industrial manufacturing industry is expected to gain significant impact over the forecast period. In manufacturing industry, 3D reconstruction is used for product development and design, vehicle crush measurement etc.
Geographically, the global 3D reconstruction technology market is bifurcated into North America, Asia Pacific, Europe, South America, and Middle East & Africa. Europe dominates the 3D reconstruction technology market. This is due to rising focus of governments on preserving cultural heritage. In North America, the U.S. is a major revenue contributor due to the presence of companies such as Autodesk, Bentley Systems, Adobe Inc., and 3D Systems.
In Asia Pacific region, demand for 3D reconstruction technology is driven by the booming entertainment industry along with the surging demand for mobile mapping systems. In Middle East & Africa, demand for the 3D reconstruction technology is due to the well established building and construction industry as 3D reconstruction technology helps ineffective designing.
Global 3D Reconstruction Technology Market: Competitive Dynamics
Major industry players in the 3D reconstruction technology market are adopting different strategic initiatives such as partnerships and collaborations for technologies and new product development. The global 3D reconstruction technology market includes key players such as PhotoModeler Technologies, Agisoft LLC,  Skyline Software Systems Inc., omicX, 3DHISTECHLtd., All3DP GmbH, Photometrix, Autodesk, Inc., Adobe Inc., 3D Systems, Intel Corporation and others.
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WebRTC Market Covering Prime Factors and Competitive Outlook Till 2026

  April 13, 2020    No comments
According to a new market research report published by Transparency Market Research  titled ‘WebRTC Market (Platform Provider: Browser, Mobile, Unified Communication; Solution: Voice, Video, and Data Sharing; End-use Industry: Telecommunications, IT, Health Care, E-commerce, Education, Media & Entertainment, BFSI, and Others (Energy and Transportation)) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 - 2026,’ the global WebRTC market is expected to reach US$ 54,944.9 Mn by 2026. The market is anticipated to expand at a CAGR of 17.9% during the period from 2018 to 2026. The global demand for WebRTC is expected to rise, largely due to a rise in its application in end-use sectors such as telecom, IT, e-commerce, and others.
In recent years, real-time Internet applications have been taken into consideration in order to provide quality of service (QoS) requirements. For real-time media, application designers are mainly concerned with temporal properties such as jitter, delay, bandwidth, and synchronization and reliability properties such as ordered delivery, error-free delivery, and fairness. In order to achieve such efficiency, industries across the globe are focusing on introducing real-time communication applications that can provide multiple advantages such as network reliability, security, efficiency, timeliness, and peer-to peer.
Interoperability is a major issue faced by the WebRTC market. Interfacing of edge devices might pose a challenge to their smooth functioning due to differences among vendors providing edge devices, service providers, and IP-PBX. Furthermore, virtualization across IT and network environments in the form of cloud services, network functions virtualization (NFV), and software-defined networking architecture (SDN) includes greater complexity and is challenging the competency of traditional operators in IT organizations.
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The mobile segment held a share of 49.0% of the global WebRTC Market in 2018. This is the result of increased adoption of smartphones. The mobile segment is expected to expand at a significant growth rate during the forecast period. This is due to a rise in smartphone penetration and preference of end-users for the mobile platform. Health care is anticipated to be a rapidly expanding segment of the market. It is expected to expand at a CAGR of 21.9% during the forecast period.
Furthermore, in the health care industry, patients and doctors are adopting WebRTC solutions in order to reduce their commute to hospital also to improve mobility and device support. WebRTC solutions allow doctors and hospital staff to use collaboration suites everywhere to virtually treat patients. Additionally, WebRTC solutions provide customers with a click-to-call solution, which helps connect doctors and hospitals with patients. WebRTC solutions could be the first step in implementing a full electronic health system that can bring the doctor home.
In terms of end-user, the telecommunication industry dominates the WebRTC market. The Internet and app ecosystem have already driven disruption with VoIP, IM, and social networks taking consumer mindshare. WebRTC have brought bigger opportunities for the telecom industry. Traditional telecom players are focusing on reviewing obsolete business models and developing communications services and applications that meet real human needs. The BFSI, media and entertainment, and others (energy and transportation) segments are also estimated to expand during the forecast period.
North America held a prominent market share of around 39.8% in 2018. Expansion in the technology industry in the U.S. has boosted demand for web communication through video, voice, or data sharing. The market in Asia Pacific is expected to expand at a rapid CAGR of 20.7% during the forecast period.
A rise in the need for real-time and peer-to-peer communication across the region is driving the WebRTC market. Major players in the WebRTC market include Acano Ltd., Google Incorporation, TokBox, Twilio, Avaya, Inc., Cafex Communications Inc., Citrix Systems Inc., Dialogic Corporation, Frozen Mountain, Genband US LLC, Oracle Corporation, Quobis Networks, S.L, Sinch AB, and TeleStax, Inc.
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Process Simulation Software in Oil and Gas Market to be at Forefront by 2027

  April 13, 2020    No comments
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.
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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. Based on operation type, the market is segmented into onshore, off-shore, heavy oil processing, and unconventional. In terms of application, the global process simulation software in oil & gasmarket is segmented into upstream, midstream, oil & gas processing, refining, petrochemicals, and green engineering. Upstream application is further categorized into flow assurance, fluid properties, production facilities, equipment design and analysis, and gathering systems.
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Midstream application is further categorized into storage, pipeline integrity, flow dynamics, flow assurance (metering & economics), network analysis & optimization, and pipeline design and analysis & pipeline equipment. Oil and gas processing application is further segmented into oil and gas separation, sulfur recovery, sweetening, CO2 freezing, liquefaction, dehydration, and cryogenic processes. Refining application is further bifurcated into crude oil distillation and heavy oil processing. Green engineering is segregated into HSE system and flaring. In 2018, upstream application accounted for the largest share of the market. However, oil & gas processing and refining application are anticipated to expand at a higher growth rate during the forecast period.
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Exploration and Production (E&P) Software Market Size, Demand, Cost Structures, Latest trends, and Forecasts to 2026

  April 13, 2020    No comments
The global exploration and production (E&P) software market was valued at US$ 4,240.7 Mn in 2017 and is expected to expand at a CAGR of 16.7% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled ‘Exploration and Production (E&P) Software Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’
North America is expected to hold the dominant revenue share, with the market in the region expanding at a CAGR of above 14.0%. The global exploration and production (E&P) software market is mainly driven by the growing natural oil & gas market and various technological advancements in the exploration and production sector
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Rising oil & gas exploration and production (E&P) activities and growing investment in the oil & gas sector globally driving the market
Exploration & Production (E&P) is an upstream segment of the oil & gas industry which plays an important role in the process of locating, testing, and drilling of oil & gas. E&P software is an integrated solution which is completely dedicated to managing every process from exploration to production. With recent advancements in digital technology, the deployment of E&P software by oil & gas companies has increased to a great extent.
Also, the increased growth of the global oil & gas industry has led to growing demand for E&P software. New oil and gas exploration activities, along with heavy investments in refineries and pipelines in the Americas, APAC, and Middle East & Africa are the major factors driving the market’s growth. Also, there continues to be tremendous rise in technological advancements in recent years, which has driven the usage of oilfield equipment and the growth of the software market.
These technological advancements can be seen in terms of new cloud deployment models, platforms, and data analytics to extract meaningful information/insights about several oil & gas reserves and their exploration activities. This has also resulted in the adoption of various types of drilling for oil & gas extraction, such as directional and horizontal drilling, supporting the demand for different types of drilling E&P software.
Growing adoption of hybrid cloud solution playing a crucial factor in the expansion of the market
The exploration and production (E&P) software market can be segmented based on deployment type, operation type, software type, and region. The deployment type segment is classified into on premise software and cloud based software. Cloud based software is predicted to be the fastest-growing segment of the exploration and production (E&P) software market. The growth in this segment is due to the rising level of digitization, growing awareness and adoption of cloud computing technologies exploration and production (E&P) software market
The operation type segment includes on shore and off shore. The software type segment includes risk management mapping, seismic amplitude analysis, portfolio aggregation, performance tracking, navigation system, resource valuation, reservoir characterization, reservoir simulation, drilling, and production.
The market in Asia Pacific projected to expand at the highest CAGR among all regions in the exploration and production (E&P) software market
In terms of geography, the exploration and production (E&P) software market is segmented into five regions namely, North America, South America, Middle East & Africa, Asia Pacific, and Europe. Among these, Europe is expected to hold a major share of above 25% of the market in terms of revenue, by 2026. The market in Europe is projected to expand considerably due to the presence of complex geographical structures and pipelines. There have been increasing investments along with spiraling exploration and production activities in the region. Also, European governments are taking initiatives to help several potential small and medium-sized businesses accelerate the introduction and development of new innovative technologies in the oil & gas sector. However, the market in Asia Pacific is expected to grow at the highest CAGR during the forecast period.
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Collagen Market-By Source (Pig, Poultry, Cow, and Marine), By Product (Natural, Hydrolyzed and Gelatin), By Application (Cosmetics, Healthcare, Food and Beverage), and By Region-Forecast 2022-2031

SDKI Inc. published a new report on the collagen market on January 25, 2022.  This study includes the statistical and analytical approaches ...