Facility Management Software Market Research Report To 2026

Facility management software helps an organization manage the complete repair and maintenance work through a web-based panel.  The software is designed to help enterprises save time and cost and manage the building premises efficiently and effectively. The solution helps ensure productivity, safety, comfort & convenience, and cost-effective operations through seamless integration of all functionalities in real-time. Earlier, facility managers struggled to manage the needs of the organization and incurred high cost for energy, maintenance, and security. Facility managers therefore sought ways to streamline their facility management operations due to these challenges. Today, facility managers can smoothly manage various facilities using facility management software that are available in the market.

Growing need among facility managers to reduce day-to-day operational costs of managing and maintaining facilities drives the facility management software market. Facility management software are scalable and flexible, which helps the managers to manage extended facilities without changing the software design. The facility management software market is projected to be highly lucrative due to the increase in adoption of the software among mid-size enterprises in the next few years. Rise in demand for software solution which easily integrate with other existing software, such as enterprise resource planning (ERP), is projected to create opportunities in the market.

A number of facility management software offer features such as asset management, preventive maintenance scheduling, work order management, procurement management, contract management, and property management. These software can be integrated with most building management/automation systems (BMS/BAS). Most facility management software solutions support various operating system such as Windows, Mac, and Linux; therefore, diverse organizations can easily use the software without the requirement for any additional IT infrastructure.

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The global facility management software market can be categorized based on region, end-user, enterprise size, deployment, and services. In terms of region, the facility management software market can be divided into North America, Asia Pacific, Middle East & Africa, and South America. Based on end-user, the facility management software market can be segregated into airports, manufacturing plants, government buildings, hospitals & pharmacies retail stores / hotels, residential complexes, IT parks, and other commercial buildings.

In terms of enterprise size, the facility management software market can be segmented into small & medium enterprises (SMEs) and large enterprises. Based on deployment, the facility management software market can be bifurcated into on premise and cloud/software-as-a-service (SaaS)-based model. In terms of services, the facility management software market can be categorized into implementation services, maintenance, and integration services.

Players operating in the global facility management software market are strategically engaging in mergers and acquisitions. This is likely to consolidate the market in the next few years. Investment firms have also shown interest in this facility management software market. These companies are funding start-ups, thereby promoting new companies to enter the market. This, in turn, is increasing competition in the global facility management software market.

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The competition is largely on the basis of pricing models, integration facilities, and features that the software platform offers to the target customer/end-user. Vendors are engaged in developing innovative software solutions by making it more user-friendly and scalable to get an edge over the competitors. Easy to use mobile apps are being developed by various facility management software companies for enterprises. Flexible subscription models are also being offered by players to attract and retain customers.

Key players operating in the global facility management software market include SIERRA ODC Private Limited, Hippo CMMS, Fluke Corporation, MPulse Software, Inc. Maintenance Connection, Quick Base, CBRE ServiceInsight, and AssetWorks, LLC.

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Temperature Sensor Market Share, Growth Rate, Forecast To 2024

Amidst a high degree of fragmentation and intense competition, top six players in the temperature sensors market held mere 19% share in the overall market, finds Transparency Market Research (TMR) in a new report. As the market suffers from lack of differentiating attributes in key products, this has given rise to price-wars among market participants for greater share. In this competitive market, leading vendors are vying to consolidate the vendor landscape and are proactively engaging in strategic collaborations.

Some leading participants in the global temperature sensor market are ST Microelectronics N.V., Panasonic Corp., Infineon Technologies AG, Honeywell International Inc., General Electric Co., and Texas Instruments Inc.

As per the TMR report, the global temperature sensor market will expand at a steady 4.6% CAGR over the 2016-2024 forecast period. At this pace, the market which stood at US$4.6 bn in 2015 will become US$6.6 bn by 2024. Vis-à-vis volume, the market is anticipated to exceed 2.93 bn units by 2024. Among the key product types being purveyed in the market, which includes thermistors, resistance temperature detectors, bimetallic temperature sensors, thermocouple, infrared temperature sensors, and fiber optic temperature sensors, thermistors account for grossing maximum revenue in the recent years. Going ahead too, the segment is poised to continue to remain at the fore. However, infrared temperature sensors is likely to witness a high growth rate vis-à-vis revenue due to their rising applications across several industry verticals.

Geographically, North America is presently the dominant regional market. This is mainly because of increasing adoption of temperature sensors across the medical, oil and gas, and healthcare sectors.

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Flourishing Consumer Electronics to Present Attractive Opportunities

According to the report, majorly fuelling the global temperature sensor market is increasing bend of key industries towards non-contact sensors, vast rise in demand from flourishing consumer electronics industry, along with increasing number of applications. Among these, consumer electronics is predicted to provide attractive growth opportunities to the temperature sensor market. The soaring demand for mobile phones, wearable devices, laptops, LCDs, and fitness bands is acting in favor of the temperature sensor market, says the report.

The modernization of the medical and healthcare sector is a key factor fuelling the global temperature sensor market. Several governments especially in developed nations are taking initiatives to provide comprehensive healthcare at each and every healthcare facility be it in the remotest region of the nation.

Expanding Manufacturing Sector in Asia Pacific Benefits Market

Apart from this, expansion of the oil and gas sector is serving to boost the temperature sensor market. The growth of the manufacturing and semiconductor and electronics industries in Asia Pacific is also fuelling the temperature sensor market.

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The review presented here is based on the findings of a TMR report, titled “Temperature Sensor Market (Type - Thermistor, Resistance Temperature Detector, Thermocouple, Infrared Temperature Sensor, Fiber Optic Temperature Sensor, and Bimetallic Temperature Sensor; Sensing Method - Contact Temperature Sensor and Non-contact Temperature Sensor; by End User - Food and Beverage, Aerospace and Defense, Chemicals, Oil and Gas, Semiconductor and Electronics, Automotive, and Healthcare) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.”

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Gesture Recognition Market Trends and Growth

The global gesture recognition is consolidated due to just few players operating in the market. These few players in the market include Google, Apple, Intel, and Microsoft, elucidates an upcoming Transparency Market Research (TMR) report. These key players in the market are always at a forefront to bring in technological advancement to introduce the latest product and diversify the global gesture recognition market. The small players at regional level are also spreading their wings by attracting large companies to invest in them. 

Rising technological advancement and automation is predicted to expand the gesture recognition market. The global gesture recognition market is predicted to expand at 16.2% CAGR over the projected period 2015 to 2024. Also, the same was registered value worth US$ 11. 60bn in 2015, at this robust pace of growth the global gesture recognition market is projected to reach estimation worth US$ 48.56 bn by the end of 2024. 

On the regional front, North America is expected to dominate the global gesture recognition market. The reason for growth can be attributed to the presence of latest technology and optoelectronic companies. Asia Pacific is expected to emerge as a strong region in the future.  On the basis of segmentation, the global gesture recognition market is divided into automotive, hospitality, gaming, and consumer electronics, in terms of end users. Among these, the consumer electronics sector is projected to lead the global gesture recognition market in the following years.

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Rising Demand for Smart Electronic Products to Boost Growth 

In the era of digitalization, there is a rising demand for smart electronic products such as Ipad, tablets, mobile phones, smart tv’s, cameras, etc. In all these applications gesture recognition is used to make them user friendly and to access them effortlessly. Thus, the upswing of electronic goods due to increasing standard of living is projected to nudge the global gesture recognition market in the future. 

Rapid urbanization is raising the demand for latest technology to upkeep the pace in automated and technologically advanced world. Ever booming travel and hotel industry may increase the demand for gesture recognition for integrating them in hand dryers, faucets, shower, and flushes.  Thus, owing to the substantial expansion of the global gesture recognition market. 

Automated Homes to Create Growth Opportunities 

Homes are getting smarter these days with advent technological advancement at a fast pace. Now, let us get into future, soon the homes are going to be completely automated. The future technology is expected to take over all home devices to be controlled by gesture recognition. Such as switching on TV, lights, music systems, etc.  Thus, the future is expected to provide lucrative opportunities for gesture recognition, owing to expansion of the global gesture recognition  market in the future. 

Moreover, gesture recognitions are used in automobile industry for blind spot recognitions, parking assistance, etc. The demand for gesture recognition sensors from automobile industry is projected to surge the global gesture recognition market in the upcoming years. Further, gaming industry and corporate sector may boost demand, imagine the day when the P C can be controlled using just and fingers. Making presentation may no longer be a tedious task in the future. Thus, the global gesture market is likely to provide lot of potential in terms of future applications. 

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High cost associated with implementation of the same and unpredictability to discover the correct user may restrain the growth in the global gesture recognition market. Nonetheless, growing research and development in this field is projected to provide substantial growth opportunities in the coming years. 

This review is based on the findings of a TMR report titled, “Gesture Recognition Market (Technology - Touch Based Gesture Recognition (Gyroscope, Accelerometer, Combo Sensor), Touchless Gesture Recognition (Ultrasonic (3D Gesture), Infrared 2D Array, Camera Solutions); Application - Automotive, Hospitality, Consumer Electronics, Gaming, Aerospace and Defense, Commercial Centers, Educational Hubs, Medical Centers) - Global Industry Analysis Size Share Growth Trends and Forecast 2016 – 2024.” 

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Smart Textile Market Analysis, Manufacturers, Type And Application

The global smart textile market is highly consolidated, as the leading four players in the market held approx. 46% of the overall market in 2014. E.l. DuPont De Nemours and Co. held 20% of shares in the market; still, it faces strong competition from numerous small and medium-size specialty product-manufacturing companies. Some of the leading players in the market are Koninklijke Ten Cate N.V., E.l. DuPont De Nemours and Co., Texas Instruments Inc., and Gentherm Inc.

As per the TMR, the global smart textile market is estimated to attain a valuation of US$7.73 bn by the end of 2023 progressing from US$0.7 bn in 2014. The market is predicted to rise at an outstanding 30.8% CAGR during the forecast period 2015 to 2023.

Based on application, the military and defense sector led the global smart textile market by holding 28% of shares in terms of revenue in 2014. During the forecast period, military and defense sector is expected to rise at a healthy 28% CAGR and is expected to maintain its dominance in the global market. On the basis of geography, North America led the smart textile market in 2014 by holding 40% of the share in the global market. In terms of revenue, North America will lead the market, especially in the sports and fitness sector by expanding at 32% of CAGR. Europe held the second position in the global smart textile market by holding 30% of the shares in 2014.

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Rising Use of Wearable Technology to Boost Demand for Smart Textile

The growing preference for wearable technology such as sensors and other types of electronic devices are the key factors responsible for the growing demand for smart textiles. The rising use of wearable technology that is widely used in heart rate sensors and in various other sensors to check fitness will also act as a game changer for the smart textile market. Significant use of these technologies is expected to change the way personal health is monitored.

In addition, integration of wearable technology at a large scale and rapid advancements in the textile manufacturing are projected to revolutionize the global smart textile market in the near future. Some of the other factor factors contributing to the growth of this market are the increasing standard of living, rising disposable income, and growing spending in the medical technology and healthcare. Miniaturizing of electronic components, availability of sophisticated gadgets, and low cost of smart wireless sensors have grown the demand for smart textiles extensively and will augment the growth of the market in coming years.

High Cost of Smart Textile to Restrain Market Growth

Conversely, there are certain restraining factors that may hamper the market growth. The high cost and lack of appropriate standards and regulations to monitor may impede the flourishing smart textile market. The high cost affiliated with the smart textile will also restrict the wearable devices only to the high-end customers that may limit the growth of the market. However, these restraints are not expected to have a long-term impact due to the growing popularity of the smart wearable technologies, thus bringing high growth opportunities in the global smart textile market. In addition to that, increasing research and development activities and rising contribution by the key players and manufacturers will eventually address these issues.   

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The information presented in this review is based on a TMR report, titled “Smart Textile Market (Function - Energy Harvesting, Thermoelectricity, Sensing, and Luminescent; Application - Healthcare, Entertainment, Sports and Fitness, Military and Defense, and Automotive) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.”

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FPGA Market Developments, Swot Analysis And Strategies

A new report that has been presented by Transparency Market Research states that the global market for field programmable gate array (FPGA) is expected to grow at a rapid rate with a stiff competition. Technological advancements and innovations in this field are likely to encourage the growth of the global FPGA market throughout the forecast period. In addition to this, the rise in the number of strategic collaborations and partnerships and the development of new products are predicted to enhance the development of the market in the coming few years.

The rising number of applications and the enhancements in the products offered are likely to push the growth of the FPGA market in the near future. The key players operating in the FPGA market across the globe are Altera Corporation, Microsemi Corporation, Xilinx Inc., and Lattice Semiconductor Corporation.

In 2013, the global market for FPGA stood at US$5,487.2 mn and is predicted to reach a value of US$9,734.4 mn by the end of 2020. The market is further predicted to register a strong growth rate throughout the forecast period. Previously, Asia Pacific led the global FPGA market and is estimated to remain dominant in the coming years. The rise in the contribution from South Korea, India, and China and the rapid development of the electronic industry are estimated to support the development of the Asia Pacific market in the near future.

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Increasing Use of Internet of Things to Drive Global FPGA Market in Near Future

The rise in the demand for advanced driver assistance system is an important factor that is predicted to encourage the development of the global FPGA market over the forecast period. A substantial rise in the adoption of the Internet of Things is another factor that is likely to support the growth of the overall market in the coming few years. In addition to this, the increasing need for wireless communication is expected to offer immense growth opportunities for the market players across the globe.

Furthermore, the key players in the global FPGA market are making investment for research and development activities, which is predicted to support the market growth and attract a large number of consumers in the coming few years. Moreover, the reduction in the time-to-market is likely to accelerate the growth throughout the forecast in the near future. These factors are likely to help the key players in expanding their product horizon, thus accelerating the market growth in the near future.

Lack of Standardized Verification Methods to Curb Market Growth

The global FPGA market, on the other hand, is projected to face several challenges, which are projected to restrict the growth of the market in the near future. The absence of standardized verification techniques and the incapability of FPGA to substitute the basic devices are likely to restrict the growth of the overall market throughout the forecast period. Nonetheless, the increasing use of FPGA in data centers is anticipated to propel the global FPGA market in the next few years.

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This information is based on the findings of a research report published by Transparency Market Research (TMR), titled “FPGA Market (Technology – SRAM, Flash, and Antifuse; Application – Consumer Electronics, Automotive, Industrial, Data Processing, Military and Aerospace, and Telecommunication) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020.”

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Inspection Drones Market Insights And Forecast Research Report 2027

According to a new research report pertaining to the inspection drone market, published by Transparency Market Research the global inspection drone market is expected to reach a value of ~ US$ 32 Bn by 2027, expanding at a CAGR of ~ 23% from 2019 to 2027. According to the report, the global market would continue to be influenced by a range of macroeconomic and market-specific factors during the forecast period.

Rise in Demand for Inspection Drones in Oil & Gas Industry

• Inspection drones are part of the large shift toward the automation of tasks in the oil & gas industry. Different end-use industries, including oil & gas, are increasingly using inspection drones for a wide variety of applications. Inspection drones can be used on any part of a platform, wherein, inspections typically require scaffolding or rope access.
• Moreover, advanced drone technology is helping end-use industries save on costs and time, while improving efficiency and safety to optimize production. Increasing investments and rising demand for inspection drones in the oil & gas industry are expected to drive the global inspection drone market during the forecast period.

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Inspection drones can collect data by using various sensors and thermal cameras. Inspection drones efficiently eliminate delays in human-conducted inspections and the time spent attending to unnecessary accidents. Across the globe, inspection drones are used to carry out offshore and onshore oil derrick inspections, vertical structure inspections, flare stack inspections, oil spill detections, offshore inspections, tailings pond inspections, monitoring of gas emissions, and damage assessment. Rising investments toward the expansion and modernization of the oil & gas industry are expected to drive the market for inspection drones during the forecast period.

Military & Defense to Account for a Leading Share of Global Inspection Drone Market

• The report offers detailed segmentation of the global inspection drone market in terms of component (mainframes, brushless motors & electronic speed controllers (ESC), transmitters & receivers, flight controllers, and others), sales channel (online and offline), application (oil & gas pipeline inspection, solar panels, power line and windmill inspection, critical infrastructure inspection, railways, roadways and bridge inspection, border security, and others), and end-use industry (oil, gas and petroleum, energy & utilities, military & defense, mining & construction, transportation, and others). The global inspection drone market has also been segmented based on region (North America, Europe, Asia Pacific, South America, and Middle East & Africa).
• Among the end-use industries, the military & defense segment accounted for a leading share of the global inspection drone market in 2018. The segment is anticipated to maintain its leading position in the global market during the forecast period as well.
• Increase in the demand for border security is likely to be a major factor driving the global inspection drone market during the forecast period. Currently, major drone manufacturers are setting up drone pilot projects.

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• Different commercial applications such as critical infrastructure inspection, wildlife observation, railway track inspection, and bridge inspection are becoming easier with the help of inspection drones. Thus, commercial services based on inspection drones are gaining momentum, which is expected to drive the global inspection drone market during the forecast period.

North America to be a Highly Lucrative Market for Inspection Drones

• North America is expected to hold the maximum share of the global inspection drone market during the forecast period, owing to the early adoption of inspection drones in the region. Asia Pacific and Europe hold a considerable market share each, and these regions are projected to provide highly lucrative opportunities to the inspection drone market during the forecast period.
• Asia Pacific is the second-largest as well as the most lucrative market for inspection drones across the globe. Different countries in Asia Pacific require high investments in the infrastructure sector to enable focus on building roads, highways, railway tracks and bridges. In the next few years, the construction industry in Asia Pacific is likely to directly benefit from increased savings and safety, enhanced communication, and accurate measurements and insights enabled by the adoption of inspection drones. Rising investments and increasing adoption of better inspection equipment in the region are estimated to drive the inspection drone market in Asia Pacific in the next few years.

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Non-Volatile Dual In-Line Memory Module (NVDIMM) Market - Global Analysis Of Key Manufacturers, Dynamics & Forecast 2020-2027

Prominent NVDIMM manufacturers include SK Hynix, Inc. (Korea), Integrated Device Technology Inc. (The U.S) and Fujitsu Limited (Japan). The global NVDIMM market is likely to represent a lucrative playing field for new entrants in the coming years, due to the high value of the market as an ancillary of the booming computing sector. The widespread vendor base of established companies is likely to enable a steady share nevertheless.

According to Transparency Market Research (TMR), the global NVDIMM market is expected to exhibit a CAGR of above 12% in the 2019-2027 forecast period. The market’s revenue valuation is likely to rise to more than US$180 mn by 2027.

By product type, the global NVDIMM market is segmented into NVDIMM-F and NVDIMM-N. The presence of DRAM components is likely to ensure steady dominance of NVDIMM-N in the coming years, as the higher speed enabled by DRAM is a key driver for NVDIMM-N units.  Geographically, North America contributes the dominant share in the global NVDIMM market and is likely to remain an influential player in the coming years due to the steady presence of several leading players in the global NVDIMM market. Leading U.S.-based players such as Viking Technology Inc. and Micron Technology Inc. Asia Pacific is also an important for market for NVDIMM and is likely to be valued at US$35.7 mn by the end of 2025.

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Growth of Data Centers in Asia Pacific Key to Growth of NVDIMM Market

One of the prime drivers for the global NVDIMM market is the rising prominence of the data center sector in developing Asia Pacific economies. The steady growth of the data center sector has prompted a rise in the demand for high-end workstations as well as enterprise storage and server infrastructure, which is likely to strengthen over the coming years in line with the rapid development exhibited by countries in Asia Pacific. The rising indigenous tech sector in emerging countries such as India, China, and Japan is also likely to remain a key contributor to the global NVDIMM market in the coming years.

Integration of NVDIMM helps to improve the performance of various devices in terms of storage, cache, indexing, message queuing, logging, batch processing, on-line transactions, and RAID (redundant array of independent disk) applications that require higher throughput, while simultaneously offering fault-tolerant data integrity.

The high performance of these devices is crucial to hyper-scale computing environments that are focused on cloud computing, big data analytics, and high-performance database applications. Thus, NVDIMMs are primarily aimed for huge in-memory computing tasks such as ultra-speed in-memory transactional database systems including those used in search engines and hyper-scale computing applications.

The help provided by advanced NVDIMM in enabling stronger data security is likely to be a key driver for the global NVDIMM market in the coming years. Data security has become a vital topic for the business and industrial sector due to the rising utilization of digital data storage mechanisms in a number of industries and the rising risk of cybercrime. The stability of data storage provided by the use of NVDIMM units is thus likely to be a key driver for the global NVDIMM market in the coming years.

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Further, many key players from NVDIMM market are focusing on standardizing NVDIMM for various benefits. For instance, in 2019, Netlist, Inc., a company that offers SSDs and other systems worldwide announced that they are trying to standardize NVDIMM-H so that Netlist’s product from HybridDIMM storage class memory will gets comply with NVDIMM-H standard for offering low cost storage capacities in memory channel.

The information in this preview comes from a TMR report titled ‘Non-Volatile Dual In-Line Memory Module (NVDIMM) Market (Product Type: NVDIMM-F, NVDIMM-N; Application: Enterprise Storage and Server, High-End Workstation, Networking Equipment) - Global Industry Analysis, Trend, Size, Share and Forecast 2017 - 2025.’

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