Thursday, 16 April 2020

Text Analytics Market - Granular View of The Market from Various End-Use Segments

  April 16, 2020    No comments
According to a recent report compiled by Transparency Market Research (TMR), the vendor landscape of the global text analytics market is estimated to show remarkable growth owing to the growing demand for IT industry all around the world. Large industries like aerospace and defense industries along with the telecom sector are major contributors of the text analytics market share worldwide. Defense and aerospace industries also implement text analytics in order to study their previous operation patterns as well as to optimize their future operations.
Some of the major players of the global text analytics market are Angoss Software Corporation, RapidMiner, Inc., IBM Corporation, Attensity Group, Inc., and Microsoft Corporation. The competitive landscape of the market is fragmented with the presence of many big vendors who are focusing more on creating their brand image the largest in order to stabilize its foothold in the market. New entrants are expected to devise strategic alliances in order to give tough competition to major players and to counterattack them in terms of drawing more revenue shares.
As per the TMR report, the global text analytics market is anticipated to earn US$12.16 bn by the end of 2024. The market is expected to expand with a healthy CAGR of 17.6% within the forecast period of 2015 to 2024. As per end-user, the military and defense sector is seen to be exceeding all other end-users by 19.7% revenue share and is expected to continue dominating the market in the future years.
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Information Technology (IT) to Bring Tremendous Growth in Coming Years
Due to the fact that data analysis provides a better understanding of the overall behavior of consumer and their priorities, the growth of the market has seen immense acceleration as more and more companies are entering the market with complete focus on text analytics enhancement.
Data in the form of text overflows from multiple sources like the platforms of social media, e-mails, and reviews of consumers on various web portals of the companies. The market is competitively intense with various align strategies along with high priority to consumer preference, thus making the overall demand for market accelerate in the long run.
The telecom and IT sectors are predicted to soon overpower the world with rising number if text analytics solutions in order to achieve visible improvement is core operations, internal processes, and market trends. IT sector is to initiate core competencies that enables digitalization and will need effective text analytics solutions to function at a faster speed. With the introduction of IT into the business sector, it is more convenient to store valuable information which further helps to analyze their strategies and produce better results for the consumers.
Licensed Product Copy Purchase to Affect Market Growth in Negative Light
Although the text analytics market is seeing tremendous growth all around the world, factors like high cost and expenditure of on-premise solutions, and license product copies purchase may act as a hindrance to the market. Obtaining licensed copies for products is usually done carelessly and with contempt, thus, posing threat to the market worldwide. However, many vendors are focusing on ways and means to achieve recognition in the market by the utilization of text analytics, and this may drive the global text analytics market in the future years.
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Virtual and Augmented Reality Market Outlook, Growth Prospects and Key Opportunities

  April 16, 2020    No comments
According to a new market report published by Transparency Market Research titled “Virtual and Augmented Reality Market (By Component – Hardware, Software, and Service; By Hardware – Head Mounted Display, Head Up Display, Glasses, Console, Sensor/Input, Others (Camera and Projector)), By End-use Application – Healthcare, Education, Retail, Gaming, Construction, Media and Entertainment, Automotive, Defense and & Aerospace and Others (Manufacturing and Energy) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 - 2027” the global virtual and augmented reality market is expected to reach a value of US$  2,408,749.7 Mn by 2027. The market is estimated to expand at a CAGR of 86.0% during the forecast period from 2019 to 2027.
Virtual and augmented reality is a suite of hardware, service and software components allowing end-users to visualize and experience virtual environment in real-time. The virtual reality (VR) and augmented reality (AR) market is expected to witness a rise in demand owing to the growing demand for AR and VR services, affordable hardware cost, and growing end-use applications. Furthermore, the demand for AR and VR services is expected to gain importance due to its adoption in multiple end-use sectors. High focus on technological innovation is expected to create demand for new VR and AR hardware devices. Since, the market is in its nascent stage, VR and AR is expected to witness high investment scenario from venture capitalists in the coming years.
VR and AR players are focusing on providing compact hardware solutions to their end-users, since it would help to increase the adoption rate of devices among end-users. Media and entertainment, and gaming are some of the prominent end-use sectors where VR and AR are expected to witness rapid adoption in the coming years. Currently, VR and AR players are looking for partnership with ecosystem players as part of their strategy in order to increase their market share globally.
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In 2019, North America was the largest market for VR and AR solutions, accounting for a highest share. The presence of a large number of VR and AR players and high consumer disposable income is expected to support the demand for VR and AR in North America in the coming years. However, this trend is expected to change in the coming years depending upon the VR and AR adoption in other regions.
On the basis of components, the hardware segment held the largest share of the VR and AR market in 2019. The demand for better VR and AR hardware devices such as head mounted display, glasses, console and sensor/input is expected to contribute to the growth of hardware segment over the forecast period. Among VR and AR markets, AR is expected to register fastest growth in the forecast period. The demand for AR in media and entertainment, gaming, healthcare, and manufacturing end-use segments is expected to contribute the growth of AR market. Media and entertainment, gaming, and healthcare segments are expected to contribute considerable market share over the forecast period under end-use application segment. Further, the demand for AR based head up display would constitute to the growth of AR in automotive segment in the coming years. The report also provides volume estimates for hardware components such as head mounted display, glasses and consoles.
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Biochips Market - An Insight On the Important Factors and Trends Influencing the Market

  April 16, 2020    No comments
The demand within the global biochips market has been rising on account of advancements in the domain of molecular biology and testing, finds Transparency Market Research (TMR). The manufacture of biochips was a revolutionary feat for the technological sector, and the market vendors are still reaping revenues through it. The competition in the global biochips market is expected to rise in the years to follow. This is because a large number of entities want to leverage the lucrative nature of the market to their advantage. The entry of new manufacturers of biochips in the market has disrupted the competitive dynamics of the market. The level of fragmentation in the global biochips market has increased as no single vendor has a lion’s share of the market. 
The global biochips market consists of several vendors who have attained expertise in manufacturing. This propensity of the biochips market has generated new growth opportunities within the market. The large-scale vendors in the global biochips market are focusing on retaining their efficiency of production and pace of sales. Furthermore, these vendors have established direct contact with the healthcare and medical fraternity to ensure a regular inflow of demand. Some of the key vendors in the global biochips market are Cepheid Inc., Affymetrix Inc., GE Healthcare Ltd., and Fluidigm Corporation. 
Transparency Market Research (TMR) predicts that the global biochips market would expand at a robust CAGR of 16.90% over the period between 2015 and 2023. Furthermore, the total value of the global biochips market is projected to reach US$22.2 bn by 2023, rising up from a value of US$5.7 bn in 2014. On the basis of geography, the global biochips market is led by the North American region. 
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Use of Biochips in the Medical Sector to Aid Market Growth 
The global biochips market is projected to expand in size and increase in revenues over the forthcoming years. This majorly owes to the increasing usage of biochips in the medical industry. These chips can be embedded inside the body to track and monitor a number of medical parameters. Furthermore, the need for improved diagnostics and treatment is also projected to bring in voluminous revenues into the global biochips market. Digital microfluidic biochips are amongst the most commonly used chips across several industries. This factor also needs to be evaluated while gauging the growth dynamics of the global biochips market. The storage function and operations of microfluidic biochips have played a key role in driving demand. 
North America to Lead Market Growth 
The global biochips market has attracted voluminous revenues in recent times. The market for biochips in North America has especially been expanding at a stellar pace over the past decade. This majorly owes to the supremacy of microarray fabrication technologies in the US and Canada. Furthermore, the presence of key tools for studying surface chemistry and biology has also generated a plethora of opportunities within the global market. The healthcare industry across the US has remained steadfast in adopting new technologies and aids. This factor is also expected to reek of growth within the global biochips market in the years to come. 
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Collaborative Robot Market Future Scenario 2020

  April 16, 2020    No comments
The global collaborative robot market is likely to witness high competition, as the leading players in the market are constantly expanding their geographical reach in various regions and strengthening their position at the global level. Robert Bosch GmbH, Kuka AG, Kawasaki Heavy Industries Ltd., Nachi Robotic Systems, Inc., and ABB Ltd. are some of the prominent players in the market. Innovation and technological advancements are important strategies that is being imposed by these players. Moreover, to meet the growing needs from the end use industries, players are introducing new products. They are also investing heavily in research and development activities for collaborative robots that will in turn expand the market’s growth in the near future.
According to Transparency Market Research, the global collaborative robot market is projected to rise at healthy CAGR of 30.0% during the forecast period between 2016 and 2024. Thus, at this CAGR the valuation of the market is expected to touch US$95.0 bn by the end of tenure in 2024 by progressing from US$10.3 bn as estimated in 2015.
The application of collaborative robot is widely seen in material handling segment. This segment is projected to lead the global collaborative robot market throughout the forecast period by holding highest share in the market. This is because robot plays an important role in storing materials in warehouses and in distribution centers. Based on regional analysis, in 2015, Europe dominated the market in terms of revenue and the region held 36.4% of share in the overall market. However, Asia Pacific is likely to offer lucrative opportunities, as the manufacturing activities are gaining momentum in this region.
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Advanced Technologies Used by Manufacturers to Benefit Collaborative Robot Market
The main factor considered for the growth of collaborative robot is their ability to select perfect product assisting largely in the automaton companies. Adding to it, these robots are also capable of working with other machines with zero interference and no strict requirement for safety. Thus, these applications has grown the demand for collaborative robots in various industries that is likely to benefit markets growth in the coming years. Moreover, manufacturers are constantly making efforts in humanization of these robots by using advanced technologies that are also escalating the demand in the global collaborative robot market. 
Safety Concerns While Managing Industrial Grade Operation May Hamper Market Growth
On the other hand, the global collaborative robot market is facing several challenges that may deter the market to grow at its full potential. One of the major challenges faced by the market is to understand the need to safely manage industrial-grade operations. In addition, slow production rate due to collaborative robot has extended the process of production period is also hampering the market’s growth. Nevertheless, the automotive industry is the key end user for collaborative robot that is likely to support the market growth and provide a fillip to the market in the near future. The growing use of collaborative robot in automation industry is likely to minimize the impact of above-mentioned restraints and help the market to gain traction in the coming years.
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Electric Vehicles Promise to Ride Embedded Systems Market to New Heights

  April 16, 2020    No comments
Embedded systems market is one of the most robust, and innovative frontier for technological development. In 2007, Barr Micheal, a leading global expert on embedded system said, the systems were used in over 98% microprocessors used back then. The market just promises to expand its scope for growth with new applications like home automation, electric vehicles, and global smart initiatives like Internet of Vehicle, driven by Internet of Things.
According to TMR experts, the embedded systems market will reach a valuation of US$338.34 bn by 2021. The market promises to exhibit notable growth a CAGR of 6.4% during 2019-2027.
Growth of 5G, and Rising Penetration of IoT to Promise Tremendous Growth
The advancements in consumer electronics has emerged as a major positive recently. The technology has enabled developments like Personal Area Network, advanced personal control to mobile users, and concepts like smart home automation. Among these, the smart home automation promises opportunities in many areas including lighting, security, lawn / gardening management, smart home appliances, advanced home entertainment systems, AI personal assistants, and HVAC systems.
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The home automation is expected to receive a major boost in the near future, as major carries like Verizon have rolled out 5G technology already in key markets like the US. Moreover, the technology has already been widely adopted in China, wherein the government has driven key infrastructure developments like IoV on the back of advanced networking capabilities. 
One of the biggest pain point or opportunity in the market is expected to remain the efficiency, and advanced IoT capabilities of these devices. The rise in home automation can provide new impetus to ailing sectors like constructions with a boost to home prices, and is increasingly becoming a necessity due to green legislations for energy efficiency, and sustainable energy. For example, countries like India, and UK have laid out plans to replace conventional meters with smart meters in every home. The growth of 5G also seems promising as key companies like Apple in the US region has acquired the Intel’s 5G telecom division, which might soon power the adoption of technology worldwide.
Electric Vehicles Promise to Ride Embedded Systems to New Heights    
The embedded systems market will witness strong growth in the automobile sector, thanks to promising growth of electric vehicles. According to TMR analysts, the auto sector will comprise of 18.3% market share by 2027. This growth isn’t surprising as electric automobiles require energy efficient and intelligent infrastructure to communicate with key components like energy grids, sensors, and promise to power the future on the back of these advancements.
According to International Energy Agency, by 2040, 40% of all passenger vehicles will be electric. Moreover, smart and efficient management of electric vehicle is a major arena for advancement. For example, Tesla, known to be a leading player in electric vehicles worldwide, promises nearly 370 miles on a single charge. The company has caught worldwide attention due to leap forward from the likes of Nissan electric vehicle of earlier generation, which provided 107 miles per charge. Moreover, the most electric infrastructure of today still promises major scope for improvement with energy efficiency, and smart automation.
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Transceiver Market Recent Industry Developments and Growth Strategies Adopted by Players

  April 16, 2020    No comments
Transparency Market Research delivers key insights on the global transceiver market. In terms of revenue, the global market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in its report on the global transceiver market.
A transceiver is a combination of a receiver and a transmitter, and is used to carry out data transmission and reception by using a sole device. Furthermore, transceivers allow a microprocessor system to transmit and receive data with the help of various interface standards over different protocols such as CAN and Ethernet. Additionally, transceivers are used in multiple industry verticals in order to achieve the efficient and quick transfer and reception of data. In the automotive industry, vertical transceivers, especially CAN, LIN, and FlexRay types of vertical transceivers are significantly used for in-vehicle networking or for data communication between a large numbers of installed ECUs (electronic control units). With the growth of industries, especially automotive, healthcare, and IT & telecommunications, the global transceiver market is projected to expand in the next few years.
Global Transceiver Market: Dynamics
Increased network bandwidth is projected to boost the demand for transceivers across the world during the forecast period. Increase in the need for high network bandwidth has been observed across the globe over the last few years, owing to the emergence of 4G and 5G mobile network services and IoT (Internet of Things) across multiple industry verticals such as retail and manufacturing. IoT enables multiple devices to get connected over the Internet, and, due to this, it generates more traffic than usual as well as higher demand for network bandwidth.
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The rising need for larger storage size, higher processor speed, and larger HDTV screen size is expected to drive the demand for network bandwidth during the forecast period. Transceivers provide the ability to transfer high-speed data without reducing transmission efficiency, and easily support the increased network bandwidth. Continuous increase in the need for network bandwidth has a high positive impact on the demand for transceivers, worldwide. This, in turn, is expected to boost the global transceiver market during the forecast period.
The global transceiver market is characterized by numerous market trends, such as rising demand for optical transceivers and electric vehicles. The demand for electric vehicles is rising across the world, as a result of stringent emission regulations and incentives offered to vehicles with low or zero emissions at both, regional and city levels. For instance, according to a report by Bloomberg Finance L.P. named ‘Electric Vehicle Outlook 2019,’ 57% of all passenger vehicles sold would be electric vehicles by 2040. 
With the increasing demand for electric vehicles, the demand for in-vehicle data exchange is also rising. In order to enable in-vehicle data exchange, CAN, i.e. controlled area network and LIN, i.e. local interconnect network are implemented. The CAN protocol enables smooth data exchange between a large number of ECUs (electronic control units) installed in a vehicle. Furthermore, a CAN transceiver enables reliable in-vehicle network communication, and also reduces the consumption of electric power. Additionally, it is used in different applications related to electric vehicles, i.e. main and auxiliary inverters, HV-LV DC-DC converters, on-board chargers, and battery management systems.
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Global Transceiver Market: Prominent Regions
Asia Pacific is the dominant region of the global transceiver market. This growth can be attributed to rising adoption of transceivers across the region, especially in China, Japan, and India, due to technological advancements, presence of well-established as well as emerging players, rising demand for fast-speed Internet, and increasing demand for fiber optic networks. Moreover, owing to significant growth of the IT & telecommunications industry in Asia Pacific, led by the large number of subscribers and rise in Internet penetration, the demand for communication as well as networking equipment, especially GPON-based equipment, is on the rise. This factor is boosting the demand for transceivers in Asia Pacific.
The transceiver market in Europe is estimated to witness significant growth during the forecast period, owing to the presence of a strong automotive industry and growing trend of adoption of electric and autonomous vehicles across Europe. The automotive industry is increasingly using transceivers, due to the increasing number of ECUs in vehicles to improve the in-vehicle network for enhancing the vehicle’s security and fuel efficiency. The transceiver market in the Middle East is expected to witness moderate growth in the near future. However, growth of the transceiver market in South America is sluggish as compared to other regions, owing to the economic uncertainty in countries such as Brazil and Argentina.
Global Transceiver Market: Key Players
A few of the key players operating in the global transceiver market are Texas Instruments Incorporated, Finisar Corporation, NXP Semiconductors, Broadcom Inc., and Lumentum Operations LLC. These players are striving to gain a competitive edge by developing new products that are suitable for multiple applications. For instance, in 2018, Finisar Corporation, a provider of components for data centers, introduced innovative products at 'The European Conference on Optical Communications'. These new products include 200G and 400G transceivers such as 400G QSFP-DD DR4, 400G QSFP-DD eLR8, 200G QSFP56 FR4, and 200G QSFP56 eFR4.
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Process Mining Software Market Sales Volume, Status, Growth, Opportunities and World

  April 16, 2020    No comments
  • Process mining software normally examines log and other data generated by business processes to enhance process improvement and identify automation opportunities for enterprises. Process mining software requires to be capable of business processing and appropriately interpreting data from other software.
  • Process mining software monitors event logs to identify how IT or business processes are performed by employees of a company. Along with machine learning, some process mining solutions may provide actionable, proactive insights to support process improvement and data-driven decision-making for enterprises. In the event that an enterprise follows a business process management approach, process mining solutions can easily provide real-time insights into the prebuilt workflow performance.
Digital Transformation: Most prominent driving factor for the process mining software market
  • Digital transformation usually impacts enterprises in three ways: change of the business model; change of the proposal of products & services; and change of the value chain. Digital transformation forces enterprises to evaluate existing processes to make essential changes to enhance productivity and customer experience. Hence, an enterprise shifts toward process mining to enhance the existing process and for data-focused analyses to provide them real-time updates of their improvements.
  • Process mining provides better understanding & visibility of the real-time performance of business processes & operations prior to starting initiatives to automate & redesign the processes. Different process mining software vendors provide innovative solutions to facilitate the business processes and help enterprises audit, analyze, and improve their existing business processes.
  • Therefore, digital transformation augments awareness among enterprises to understand & analyze business processes.
Lack of awareness in emerging nations expected to significantly hamper the process mining software market
  • In emerging nations, companies are still following the traditional process approach based on sticky notes and interviews. This traditional approach is sometimes regarded as overly subjective and treated with justifiable skepticism. Additionally, shortage of budgets to deploy novel technologies in an organization to enhance the process or work-flow is expected to hamper the process mining software market in emerging nations.
Europe to hold major share of the global process mining software market
  • In terms of region, the global process mining software market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
  • Europe is anticipated to account for major share of the global process mining software market during the forecast period due to the wide-ranging acceptance of technological innovations & the upcoming analytics technology among process mining software vendors operating in the region, indicating potential growth of the process mining software market. North America is estimated to be the second largest market for process mining software from 2019 to 2027. Increasing emphasis on task-level automation and increasing investment by process mining software vendors is likely to drive the market in the region.
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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 ...