Media Asset Management (MAM) Solutions Market to Witness Steady Growth Through 2027

• Broadcasters and media agencies are seeing a continuous increase in content, leading to the need for solutions which improve internal file sharing and saving capabilities. Media asset management (MAM) solutions provide the ability to control who can access files, and where and how the user wants to save the files, resulting in easy retrieval of files to ensure the best possible outcome from them.
• Media asset management (MAM) solutions are used by broadcasters, film production companies, and television networks to ensure smooth flow of operations, with required accuracy and security.   
• Companies in the media asset management (MAM) solutions market are taking efforts to introduce advanced solutions in order to increase revenue opportunities for users. Due to the advancements offered by companies in media asset management (MAM) solutions, the demand is expected to grow at a high rate.
• Asia pacific region is expected to dominate the media asset management (MAM) solutions market in terms of growth rate, due to the continuous growth in the number of broadcast and media industry in the region.

Key Drivers of the Media Asset Management (MAM) Solutions Market

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Increase in video adoption to fuel the demand for media asset management (MAM) solutions

• In the current scenario, video content captures a major part of the over global internet traffic according to a Cisco 2019 report. Online video is projected to be responsible for four-fifths of global Internet traffic. Cisco states that the dramatic increase is not only driven by increased popularity of OTT video streaming services, but also by the number of people expected to be connected by 2019. Over half the planet (around 3.9 billion people) are likely to have access to the Internet by that time; however, the number of devices able to access the web is expected to be three times as high as the global population.
• These statistics of growing video adoption also highlights the growing need for advanced solutions for broadcasters and media facilities to improve efficiency in operations by streamlining the workflow.
• Media asset management (MAM) solutions provide easy access and sharing of videos and images in any format, saves the files at a central location, and controls the access from various teams and people.
• Demand for media asset management (MAM) solutions is expected to grow at a high pace due to these advantages offered by them

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Growing digital advertising to push the demand for media asset management (MAM) solutions (MAM)

• Currently, companies are spending more on their websites, digital commerce, and digital advertising than ever before. Not only large enterprises, even small and medium enterprises are shifting from traditional advertising to digital advertising.
• Enterprises are spending a considerable percentage of their total advertising budget on various digital advertising solutions. Therefore, the need for media and broadcasting solutions and services for advertisement and data management is significantly high, thus driving the demand for media asset management (MAM) solutions.

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ERP Software Market To Make Great Impact In Near Future By 2025

Enterprise resource planning (ERP) is a software that enables organizations to manage and automate their business processes. The capabilities of the ERP system has evolved from back office activities to the integration of business processes. ERP software has been widely used for back office operations, which include order management, inventory control production, and accounting, etc. An ERP software system comprises several software modules and each ERP model is focused on a particular departmental area such as inventory control, material purchasing, finance, marketing, HR, and accounting. These modules can be customized according to the requirement of the organization. An ERP software system can be deployed either as a cloud based or on premise software. Integration of organizational activities and managing resources efficiently are some of the major tasks of the ERP system.

The need for enhanced operational efficiency along with transparency within the departments of an organization is one of the key drivers propelling the growth of the market. Furthermore, rising demand for cloud based deployment models is boosting the global ERP software market growth. 

The ability to access the central system from any demographic due to integrated system architecture of the ERP system module, is compelling enterprises to adopt these systems. It is responsible for enhancing productivity by enabling organizations get potential return on investment by reducing their expenses. This software enables organizations to integrate large amounts of data and reconcile the shipments of companies faster. However, some of the factors restraining the market growth are high installation cost and the accessibility of open source applications.

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The ERP software market has been segmented based on deployment, functions, industry, end-user, and region. Based on deployment, the ERP software market is segmented into cloud based and on-premise deployment models. The cloud based deployment model segment is estimated to hold the major share of the global ERP software market. This is attributed to the rise in adoption of cloud-based technologies coupled with rising scalability offered by these technologies. Rising necessity for real-time data analytics is a prominent factor propelling the ERP software market. The function segment includes human resource (HR), supply chain, finance, and others.

The industry segment includes key industries such as BFSI, manufacturing, healthcare, government utilities, retail, telecom, aerospace and defense and others. The end-user segment in the ERP software market includes large, small and medium enterprises. Large enterprises are estimated to have major share in the global ERP software market, due to their rising investments, whereas extensive adoption of ERP systems by mid and small sized enterprises are further supporting the growth of the SME’s in the market.

Region wise, the global ERP software market is segmented into North America, South America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA). Presently, North America is estimated to dominate the market in terms of its revenue contribution share followed by Europe. However among all the regions, APAC is expected to create significant market opportunity for key players operating in the market due to growth in industrialization in this region during the forecast period.

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Key players in the market are prominently focusing on introduction of advanced services and solutions in order to strengthen their position and improve their offerings. Key vendors operating in the global ERP software market include Oracle, TOTVS S.A, Microsoft Corporation, SAP SE, Infor, IBM Corporation,  Netsuite Inc., SYSPRO, Unit4, Sage Group Plc, QAD, Focus Softnet, and Ultimate Software. ERP software vendors are updating the pricing models to strengthen their position in the market. The vendors are aiming on providing better integration architecture modules owing to the rising adoption of customized ERP software.

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Wire and Cable Market to Record a Robust Growth Rate for the COVID-19 Period 2026

According to a new market report published by Transparency Market Research, the global wire and cable market is expected to reach US$ 235.9 Bn by 2026, expanding at a CAGR of 4.1% from 2018 to 2026. According to the report, the global market is expected to continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific is likely to continue to be at the forefront of global demand, with the market in the region expanding at the CAGR of 4.8% through 2026.

Expansion in the Building Sector, Power Generation, and Distribution Networks is driving the Global Wire and Cable Market:

The demand for wire and cables is directly reliant on the expansion of the industrial sector and infrastructure development in the power generation and transmission, telecommunication, and residential and commercial sectors. Rapid urbanization and rising global population have increased the demand in these areas, thereby offering multiple opportunities to the global wire and cable market.

Wire and Cable Market: Scope of the Report

The global wire and cable market can be broadly segmented bybased on type, material, and application. byIn terms of type, the low voltage wire and cable segment is consistently expected to constitute a dominant market share between 2018 and 2026. Increasing urbanization, which is resulting in the expansion of power transmission & distribution networks and rise in residential & commercial buildings, is a major factor attributed to the segment’s high share.

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Moreover, rising demand for low-voltage wires in electrical installations of automobiles is another factor accounting for its dominance throughout the forecast period. However, out of all types, the optical fiber cable segment is expected to expand at a significant CAGR of 6.1% owing to its increasing applications for telecommunication systems, television transmission, and data networks. byBased on material, the copper segment held a prominent share of the market in 2017 and is further expected to lead the wire and cable market during the forecast period. Superior electrical conductivity together with high ductile and tensile strength makes copper a versatile material for wires and cables.

Apart from high performance and durability, copper has ability to undergo stress with minimum signs of wear and tear and also requires less maintenance. Therefore, in spite of the metal’s high cost, the copper segment is expected to constitute 64.3% share of the overall wire and cable market in 2026. byIn terms of application, the residential & commercial buildings and power transmission & distribution segments cumulatively accounted for 64.3% market share in 2017. Rapid urbanization, especially in the developing countries of Asia Pacific and Middle East, is boosting demand for wires and cables in the residential & commercial buildings and power distribution sectors. Furthermore, increasing government initiatives across the world for the renewal of existing transmission and distribution networks is further driving the power transmission & distribution segment.

Asia Pacific dominated the wire and cable market in 2017, with China constituting a majority share of its revenue. The dominance of the region in the market is attributed to its large population base, increasing industrialization and urbanization, development in transmission and distribution networks, increased renewable energy production, large automobile production, and supportive governmental initiatives for expansion or upgrade of existing infrastructure. In terms of country, China is expected to lead the wire and cable market in the region consistently throughout the forecast period.

The country has a significant number of wire and cable manufacturers, and its production is more than double that of the next largest wire and cable producing country. Apart from China, countries including India, South Korea, and Japan are also expected to contribute significantly to the wire and cable market in Asia Pacific. The market in India is expected to expand at a rapid CAGR of 5.1% during the forecast period. North America and Europe collectively accounted for 34.2% market share in 2017. Their market share is expected to fall slightly in 2026 owing to the mature wire and cable market in the countries. 

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Global Wire and Cable Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global wire and cable market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Key players in the wire and cable market are Prysmian Group, Hengtong Optic-Electric Co Ltd., Furukawa Electric Co., Ltd., Sumitomo Electric Industries, Ltd., General Cable Corporation, Jiagnan Group, TPC Wire & Cable Corp, LS Cable & System Ltd, Polycab Wires Private Limited, Southwire Company, LLC, Hitachi Metals Ltd, Nexans S.A., Leoni AG, and Far East Cable Co., Ltd among others. Companies are focusing on expanding their business through strategic acquisitions and partnerships with several end-use industries.

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Smart Pole Market - Growth Opportunities Created By Covid-19 Outbreak 2022

Transparency Market Research (TMR) has launched a detailed report on the global smart pole market. Various governments have started initiatives to transform their cities into a smart city. According to TMR with the adaptation of digital technology on a street level, street lights are experiencing a makeover and are being revamped into smart street lights. Multiple organizations are getting involved in various strategies to add value to their businesses. They are investing a huge amount in research and development to develop a smart pole to promote their smart city projects. Organizations such as Telensa Limited, Lumca Inc., Philips Lighting Holdings, and Sansi Technology Co. are trying to add various features such as better connectivity, real-time response, and effective monitoring into their smart poles. 

The report gives great insight on the trends that governs the dynamics of global smart pole market. As per the report, the market of smart pole is likely to gross US$ 1000 million from 2017 to 2022. With implementation of technologies like artificial intelligence and machine leaning, global smart pole market tends to show a remarkable CAGR growth 13.7% in projected forecast period. 

On the basis of component, the sensor segment is likely to dominate other segments in global smart pole market. The growth is attributed to necessity of sensor installation on every smart pole so as to monitor the traffic in real-time. Out every other segment, the sensor segment shall exhibit highest CAGR growth in the forecast period. 

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During the forecast period, the region of Asia Pacific shall excel in smart pole market. This is because of the major developments in countries like India and China to transform their cities into smart cities. Also, various undertaking by governments of APAC countries has brought down the energy consumption level by 40%. Looking at the advantages of installing smart poles, various other countries have also joined hands to evolve their cities into smart cities. This yet another reason that Asia Pacific region shall dominate the global smart pole market. 

Risk of Road Accidents and Traffic Motoring Drive Global Smart Pole Market 

With the installation of smart video cameras, and sensors in various regions, the global smart pole market shall experience a tremendous push during the forecast period. Owing to the attributes such as traffic monitoring in real-time, internet connectivity, and emergency help during accidents, various governments are inclining towards implementation of smart poles in their cities. This is yet again a crucial reason that drives the growth for global smart pole market. Also the adoption of smart city projects by backward countries in order to connect the user with developed countries shall also help global smart pole market to grow. 

Various Opportunities to Help Global Smart Pole Market Overcome Major Challenges 

Since smart poles are intelligent poles that can contribute significantly on energy consumption, many companies shall want to step into the market and leverage the benefits that growth offers. Also, the increased requirement of business automation shall also open doors of opportunities for the players of global smart pole market. Although, factors such as slow development in rural areas and unavailability of electricity in backward regions may hamper the growth, but with features like solar-powered and energy conservation in the smart poles, global smart pole market shall keep up the growth consistent during the forecast period. 

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The study presented here is based on a report by Transparency Market Research (TMR), titled, "Smart Pole Market (Component - Lighting Lamp, Communication Devices, Lamp Controller, Sensors, Software; Installation Type - New Installation, Retrofit Installation; Application - Highways & Roads, Railways, Harbors, Public Places) - Global Industry, Size, Share, Growth, Trends and Forecast 2017 - 2022" .

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Narrowband Internet-of-Things (IoT) Chipset Market to Exhibit Rapid Surge in Consumption in the COVID-19 Crisis 2025

Narrowband IoT refers to a low power wide area network technology that has been developed to enable network connectivity between a wide variety of devices and services. Narrowband IoT connects devices in a simpler and more efficient manner in an already recognized mobile network. It handles small amount of fairly irregular 2-way transmission data in a more secure and reliable manner. The technology is being considered most suitable for communicating with devices that require small volumes of data over long periods of time, typical of devices connected in IoT networks.

NB-IoT provides features such as very low consumption of power, excellent range in underground sites and buildings, easy deployment in existing cellular networks, and lower cost of component. With the rising adoption of the IoT technology in application areas such as smart metering, smart homes, and smart appliances, the demand for NB-IoT chipsets has also increased significantly across the globe. The trend is expected to remain strong over the next few years and the demand for narrowband IoT chipsets is expected to rise at an exponential pace.

Transparency Market Research estimates that the market will exhibit a staggering 37.9% CAGR from 2017 to 2025, rising from a valuation of US$45.0 mn in 2016 to US$793.7 mn by 2025.

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Guardband Mode of Deployment to Witness Strong Demand

In terms of deployment, the global market for NB-IoT chipset is segmented in the report into standalone, guardband, and inband. Of these, the segment of guardband dominated the global market in 2016, accounting for a massive 41.9% share. Guardband is also expected to remain the most preferred mode of deployment of NB-IoT chipsets as this method helps avoid interference between simultaneous communication channels and prevent crosstalk between two different frequency ranges. The segment is expected to exhibit a promising 38.8% CAGR from 2017 to 2025, retaining its position as the leading contributor of revenue to the global market.

Other segments are expected to closely follow in terms of growth rate over the forecast period, with the segment of inband exhibiting a 37.8% CAGR and the segment of standalone NB-IoT chipset deployment expanding at a 36.3% CAGR over the forecast period. Despite high growth rate, the segment of standalone NB-IoT deployment is expected to lose its market share by the end of the forecast period.

Asia Pacific to Remain Most Lucrative Regional Market

In terms of geography, the market for NB-IoT chipset has been segmented in the report into Asia Pacific, North America, Europe, Middle East & Africa (MEA), and Latin America. Of these, the Asia Pacific market held the leading market share in terms of revenue contribution to the global market and is expected to retain its dominance during the forecasted period as well. Expected to exhibit an exponential 43.9% CAGR from 2017 to 2025, the Asia Pacific market for NB-IoT chipset is projected to see a massive increase in its revenue contribution to the global market, from nearly 37.5% in 2016 to 55.2% in 2025, of the overall revenue of the global market.

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The rising demand for deployment of smart meters and the adoption of smart city concept in countries such as China, Singapore, and India are expected to be the key drivers of the NB-IoT technology in the region. Countries such as China and South Korea will further stimulate the market for narrowband IoT chipsets in the region owing to the presence of several manufacturers.

Some of the leading players operating in the global NB-IOT market are Huawei Technologies (China), Qualcomm, Inc. (The U.S.), u-blox Holding AG (Switzerland), Altair Semiconductor (Israel), Sequans Communications (France), Intel Corporation (The U.S.), Verizon Communications, Inc.  (The U.S.), Telefonaktiebolaget L. M. Ericsson (Sweden), and Vodafone Group Plc (United Kingdom).

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Collaborative Robot Market Projected to Experience Major Revenue Boost during the Period 2020-2024

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.

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. 

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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.

The information presented in this review is based on a TMR report, titled “Collaborative Robot Market (Payload - Up to 5 Kg, 6 - 10 Kg, and Above 10 Kg; Application - Packaging, Material Handling, Quality Testing, Assembly, Machine Tending, and Welding; Industry - Automotive, Food and Beverages, Aerospace, Plastic and Polymers, and Metals and Machining) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024..”

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Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Growth Analysis & Forecast 2024

The global low voltage (LV) and medium voltage (MV) switchgear market depicts the presence of a highly competitive and dynamic vendor landscape, says Transparency Market Research on the basis of a newly published report. The intense competition has made most players in the market to take part in mergers and acquisitions in the form of prime strategies to induce growth in their organizations. With the entry of new players on a regular basis, the level of competition is expected to dramatically increase during the forthcoming years.

Many businesses working in the global low voltage (LV) and medium voltage (MV) switchgear market are focusing on mergers and acquisitions as key strategies, in order to gain extensive revenue. Enhancing product portfolio, bringing about geographical expansion, and increasing capacity of low voltage (LV) and medium voltage (MV) switchgear production are other important strategies that are implemented by most organizations operating in the market. ABB Ltd., GE Co. Mitsubishi Electric Corp., Crompton Greaves Ltd., Siemens AG, Powell Industries Inc., Bharat Heavy Electricals Ltd., Hyosung Corp., Eaton Corp., OJSC Power Machines, and Schneider Electric SE, are key companies operating in the global low voltage (LV) and medium voltage (MV) switchgear market.

In 2015, this market had registered a revenue worth US$56.23 bn, which is further expected to record a valuation of US$98.90 bn by the end of 2024. This growth is projected to occur at a strong CAGR of 6.8% between 2016 and 2024, which is the forecast period covered in the report.

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Rapid Industrialization and Urbanization Boosting Market’s Growth

The global low voltage (LV) and medium voltage (MV) switchgear market is being driven mainly due to a rise in demand for enhanced protection in electricity distribution systems. The demand for switchgear is also expected to increase owing to rapid industrialization and infrastructural development taking place all over the globe. With rural development and urbanization mushrooming rapidly, the construction of electricity transmission lines and distribution networks is highly necessary. Low voltage (LV) and medium voltage (MV) switchgear play a crucial role in setting up these networks, consequently driving the associated market.

High Costs of Manufacturing Equipment Restrains Market’s Expansion

However, high costs required for manufacturing low voltage (LV) and medium voltage (MV) switchgear devices makes it substantially expensive for companies having less disposable income to work in this market. This causes them to settle on alternatives, consequently hindering the global low voltage (LV) and medium voltage (MV) switchgear market’s growth. Lack of raw materials in several remote and underdeveloped regions needed to produce the switchgear is also restraining the market from a regional perspective. Nevertheless, some organizations are expected to introduce cost effective solutions, which may considerably reduce effects of restraints affecting the global low voltage (LV) and medium voltage (MV) switchgear market in the near future.

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