Agriculture Drone Market To 2026 –Global Market Size, Development Status, Top Manufacturers, And Forecasts

The vendor landscape of the global agriculture drone market is expected to witness entrance of new players who are expected to bring advance technologies to the market, helping the market move ahead in the direction of maturity, observes Transparency Market Research in a recent report. Venture funding has already started picking pace in the field of agriculture technologies and big investors are becoming more willing to invest in start-ups with new solutions for precision farming. The trend of investment points at the promising growth potential that the market shall possess in the near future.

Manufacturers of agriculture drones are continuously innovating agri-drones in terms of the functionality to stay ahead of the intensifying competition. Companies are actively developing advanced product varieties such as quadcopter drones that can efficiently cater to farmer’s need. Moreover, leading players in agriculture drones market are collaborating with software providers and small vendors to bring easy-to-use and advanced drone packages. Some of the leading vendors in the market are Agribotix LLC, Delair Technologies Inc., Honeycomb Corporation, Precision Hawk, Drone AG, Ag Eagle Aerial Systems, Parrot SA, Aerovironment Inc., DJI Innovate, Yamaha Corporation, Sentera LLC., and Ideaforge India Private Ltd.

According to the report, the global agricultural drone market will expand at an exponential 21.35 CAGR from 2018 to 2026, rising to a valuation of US$1,932.6 mn by 2026.

North America to Remain Highly Promising in Near Future

In 2016, a vast majority of the global revenue was held by the fixed-wing drone segment, followed by the multi-rotor drone variety. Deployment of hybrid drones is still limited to very large farms and is not expected to gain notable momentum in coming two to three years. This is largely owing to the fact that the overall agriculture drone market is still at nascent stage and farmers are still in the preliminary stages of receiving education about drone operations and their usability. Thus, unless farmers start completely acknowledging the vast capabilities and benefits of drones, hybrid drone are likely to find limited use in precision agriculture.

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Geographically, North America dominated the agriculture drone market in 2016, and is expected to remain the dominant regional market over the report’s forecast period as well. In North America, the U.S is anticipated to drive the growth of agriculture drone market. The deployment of different type of drones is rising at a rapid pace in U.S. farms. Moreover, the country has also witnessed huge surge in drone manufacturers who are integrating analytics software with drones for better result.

Rising Demand to Increase Agricultural Production in Emerging Economies to Compel Adoption of Agriculture Drones

The excellent growth prospects of the global agriculture drone market can be attributed to the growing demand for aerial spraying and the need to increase farm productivity across a number of regional markets. Demand for surplus farm productivity is especially pressing in emerging economies that depend on imports to support the food requirements of their population. Demand for drone technology is expected to increase in the coming years as countries across the globe become increasingly aware about the technology and are ready to adopt UAVs in farms for a number of applications.

The rising number of technologically advanced, innovative, and low-cost products in the market are also contributing to the promising growth prospects of the global agriculture drone market. In Asia Pacific, fast-paced research and development activities in the field of robotics will lead to the promising development of the agriculture drone market.

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This assessment of the global agriculture drone market is based on a recent market research report by Transparency Market Research, titled “Agriculture Drone Market (Type – Fixed-Wing, Multi-Rotor and Hybrid; Application – Spraying, Crop Scouting, Field Mapping, Variable Rate, and Crop Monitoring) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026.”

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COVID-19 Impact On Building Information Modeling (BIM) Extraction Software Market Trends, Global Opportunity Analysis, Industry Growth, Forecasts To 2027

According to a new market report published by Transparency Market Research the global building information modeling (BIM) extraction software market is expected to reach a value of US$ 228.7 Mn by 2026 on account of growing BIM implementation across the construction industry. The market is projected to expand at a CAGR of 10.1% during the forecast period from 2018 to 2026. Asia Pacific is anticipated to experience healthy growth which is expected to be followed by Middle East & Africa during the forecast period. The government building segment is expected to see flourishing growth, owing to rising government focus on mandating BIM across construction activities

Growing demand for feasible architectural and engineering solutions driving the global BIM extraction software market

Rapid developments in technologies have led the construction industry toward digitization. There has been a significant need for technological solutions for architects and engineers in the construction industry to design and plan effective and efficient models. This is likely to create strong demand for BIM extraction software in the near future. Similarly, governments across countries such as the U.S., Australia, Germany, Finland, Singapore, and Denmark are focusing on enhancing technological aspects of the construction industry.

Additionally, governments are mandating BIM implementation in public infrastructure developments. Public agencies as well as private companies are also emphasizing on implementing BIM across construction activities mainly due to the benefits offered by BIM solutions. Some of these benefits include enhanced project process outcome, reduced project cost, reduced rework, and reduced project duration among other internal, project, and process benefits offered by BIM.

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Building Information Modeling (BIM) Extraction Software Market: Scope of the Report

The BIM extraction software market is segmented on the basis of software deployment, end use industry, and geography. According to the research study, the cloud-based BIM extraction software market is anticipated to experience flourishing growth during the forecast period. This is mainly due to increasing penetration of cloud technology across the world. In addition, growth of cloud-based software is also expected to be supplemented by increasing demand for cost efficient solutions across industries.

By 2026, cloud-based BIM extraction software is projected to cover more than 50% of the global market. In terms of end use industry, houses and apartments segment is projected to dominate the global BIM extraction software market. Growing infrastructure developments and investments in affordable housing and multi-family or multi-dwelling projects across the world is likely to contribute to the revenue growth of the BIM extraction software market during the forecast period.

Also, several construction companies emphasizing on enhanced collaboration and integration across various construction lifecycles as well as among architects, engineers, contractors, and owners are leading to increasing adoption of BIM extraction software. Additionally, governments in different countries are mandating BIM implementation which is also expected to positively affect the BIM extraction software market. Roads, bridges and highways segment is expected to hold the second largest share in the global BIM extraction software market. Educational institutes & commercial spaces, and water & wastewater segments are collectively projected to see more than 20% of market share opportunity in the global market during the forecast period.

North America is leading the BIM extraction software market with more than 30% share globally. This is the result of strong adoption and penetration of BIM extraction software in the construction industry. Furthermore, strong presence of BIM extraction software vendors across the region is contributing to growth of the market. Among all end use industries, the houses and apartments segment in North America accounted for maximum revenue share in the market in 2016.

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Additionally, increased demand for cost efficient solutions by companies has led to fast adoption of cloud-based software for BIM extraction. In terms of new opportunities, Asia Pacific and Middle East & Africa (MEA) regions are expected to witness healthy growth during the forecast period. Increasing awareness of BIM as well as adoption of advance and technological solutions in construction industry across countries such as Singapore, India, South Korea, United Arab Emirates (U.A.E), Saudi Arabia, and South Africa among others is expected to offer prominent opportunities to the BIM extraction software market.

Global Building Information Modeling (BIM) Extraction Software Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global BIM extraction software market. Some of the key players profiled in the market include Autodesk, Inc., AVEVA Group plc, Bentley Systems, Inc., FARO Technologies, Inc., Tekla Corporation, Safe Software, Inc., Vectorworks, Inc., Microsoft Corporation, Synchro Software, Nemetschek Group, PointCab GmbH, Gexcel srl, Assemble Systems, SierraSoft, Innovaya, ClearEdge3D, Inc., Leica, Geo-Plus, Technodigit SARL, and Trimble, Inc..

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Payroll – HR Solutions and Services Market 2020 Design Competition Strategies, Regional Trends and Opportunity Assessment by 2026

According to a new market report published by Transparency Market Research, the global payroll & HR solutions & services market was valued at US$ 17.2 Bn in 2016 and is expected to expand at a CAGR of 9.6% from 2018 to 2026, reaching US$ 41.6 Bn by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the payroll & HR solutions & services market in 2016.

The key driver for the global HR and payroll services market is increasing adoption of cloud technologies such as SaaS (Software as a Service) technology in enterprises. Demand for cloud based payroll systems is increasing globally. Cloud based HR payroll software and solution provides better access. Moreover, a cloud based service allows business outsourced payroll systems to scale up with employees joining and exiting.

Moreover, need for an efficient management system further boosts the demand for payroll & HR solutions & services. Talent management technology is one of the most rapidly changing trends in the global payroll & HR solutions & services market. Around 80% of enterprises are planning to purchase or upgrade their solutions in a talent platform. While enterprises which are using standalone software solutions continue in targeted functional areas that have unique requirements, more than half of the respondents are looking to replace former best-of-breed, highly customized or niche solutions with an integrated talent suite.

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Payroll & HR Solutions & Services Market: Scope of the Report

The global market for payroll & HR solutions & services is segmented on the basis of deployment, enterprise size, solution, industry and geography. Based on deployment, the market is segmented into cloud, on premise, and hybrid. In 2017, the cloud segment accounted for the largest market share, in terms of revenue of the global payroll & HR solutions & services market. Furthermore, demand for cloud is expected to increase during the forecast period. On the basis of enterprise size, the global payroll & HR solutions & services market is bisected into small & medium enterprises and large enterprise.

Based on solution, the market is categorized into software and services. The software segment is further fragmented into suite and standalone. The standalone sub segment is classified into payroll and compensation management, time and attendance management, compliance management, workforce management, claims administration, employee benefits management, hire management and others (tax management, report generation, etc.).  In terms of industry vertical, the market is divided into banking, financial services, and insurance (BFSI), government, healthcare, manufacturing, retail, telecom and IT, transportation and logistics and others.

Geographically, the global payroll & HR solutions & services market is bifurcated into North America, Asia Pacific, Europe, South America, and Middle East & Africa. North America is a major contributor to the global market fueled by the presence of a large number of HR solution providers in the region. However, presence of several emerging economies such as China, India, and South Korea are expected to drive the Asia Pacific market. The growth in the Asia Pacific market can be attributed to increasing government initiatives supporting the digitization of business processes and adoption of cloud-based systems.

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Global Payroll & HR solutions & services Market: Competitive Dynamics

Major industry players in the payroll & HR solutions & services market are adopting different strategic initiatives such as mergers and acquisitions, partnerships, and collaborations for technologies and new product development. For instance, in May 2016, TMF Group acquired Swain & Associates Inc., service provider of HR & payroll and accounting & tax, based in Toronto, Canada. The global payroll & HR solutions & services market includes key players such as Automatic Data Processing, Inc. (ADP), Paycor, Inc., Paycom Software, Inc., TMF Group Holding B.V., SAP SE, Sage Group plc.,Paychex, Inc., Ramco Systems Limited, Kronos Incorporated , Paylocity Corporation, Ultimate Software Group, Oracle Corporation, Jobvite, Inc.,  Intuit Inc., and TriNet Group, Inc.

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Gaming Hardware Market | Size, Share, COVID – 19 Outbreak and Forecast to 2026

According to a new report on the gaming hardware market published by Transparency Market Research, the global gaming hardware market is expected to reach a volume of 260.5 Million Units by 2026, expanding at a CAGR of 6.6% from 2018 to 2026. According to the report, the global market is projected to continue to be influenced by a number of macroeconomic and industry-specific factors. In terms of product type, the consoles segment is anticipated to expand in the coming years.

Demand for gaming hardware has increased significantly in recent years. Residential users are prominent end-users of gaming hardware. Demand for gaming hardware in the commercial sector is expected to rise during the forecast period. There has been a substantial increase in the deployment of standard consoles in commercial sectors. This technology has enhanced the experience of playing games. The trend is expected to continue during the forecast period. New game consoles introduce high definition audio and video images along with advanced graphic technology. Major players specializing in console and virtual reality headsets and other accessories are coming up with their latest products by 2018 and 2019.

In terms of region, Europe held a prominent share of the gaming hardware market in 2017. North Americaconstitutes a key market share, and the market in the region is anticipated to expand at a robust pace during the forecast period. The market in Middle East & Africa and South America is expected to expand at a steady growth rate as compared to the market in other regions of the world.

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Gaming Hardware Market Analysis

The global gaming hardware market has been segmented based on product type, end-use, and geography. Demand for headsets and controller accessories is expected to rise significantly during the forecast period. Japan is estimated to have the highest density of gaming hardware. Major manufacturers of gaming hardware have a presence in Japan. With the advent of virtual & augmented reality, the demand for headsets accessories has increased significantly. Demand for advanced technology is a key factor driving demand for gaming consoles. Asia Pacific and North America are expected to propel demand for gaming consoles & accessories over the forecast period. Demand for standard consoles is projected to continue to be significant in the commercial sector. The demand for handheld consoles is expected to be high in the regions of Europe and Asia Pacific in the coming years.

The global gaming hardware market is primarily driven by the North America region, in terms of volume. Europe constitutes a prominent market share, followed by APAC, Middle East & Africa, and South America. The U.S. contributes significantly to the market in North America. Rapid innovations in gaming devices design and connectivity and rise in the number of manufacturers of gaming hardware are expected to drive the gaming hardware market in the U.S. in the near future. In Middle East & Africa, GCC is the leading sub-region of the market, followed by South Africa. Middle East & Africa is likely to be an attractive region of the market with investment opportunities for companies. In South America, Brazil is the leading economy driving the gaming hardware market.

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Global Gaming Hardware Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global gaming hardware market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Some of the key players in the market are Microsoft Corporation, Nintendo Co Ltd., NVIDIA Corporation, Sony Corporation, Logitech International S.A, Venom UK Ltd, Madcatz, A4TECH, Scuf Gaming International LLC., V-MODA, LLC, Razer Inc. and Turtle Beach.Market leaders are focusing on expanding their business by developing strategic partnerships and offering innovative solutions to end-use industries.

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Pet Dietary Supplement Market Analysis, Emerging Trends, Opportunity Assessment and Forecast 2027

Transparency Market Research delivers key insights on the global pet dietary supplement market. In terms of revenue, the pet dietary supplement market is estimated to expand at a CAGR of over 4.5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the pet dietary supplement market report.

In the report, TMR predicts that the pet dietary supplement market would be largely driven by factors such as rising consumer shift toward pet humanization across the globe.

Pet Dietary Supplement Market: Segmentation

The pet segment includes dogs, cats, horses, and others in the pet dietary supplement market report. In terms of pet, the dogs segment dominated the market for pet dietary supplements across the globe, as dogs are considered the most popular pets globally. Demand for dietary supplements for dogs is anticipated to expand at a significant growth rate during the forecast period. Cats outnumber dogs as pets in various countries across the globe, as a household can manage more than one cat. The expenditure incurred on dietary supplements on dogs is relatively high as compared to cats. The pet dietary supplement market for horses and other pets, which include rabbits and hamsters, is projected to expand at a moderate growth rate during the forecast period.

In terms of supplement, glucosamine, multivitamins, omega 3 fatty acids, and probiotics and prebiotics witness high demand across the globe. Glucosamine is an amino sugar that is found naturally in the fluid around the joints to help build cartilage. In older dogs, it may relieve joint pain and improve mobility. Apart from glucosamine, omega 3 fatty acid is also one the preferred supplements for pets. Fish oil contains omega 3 fatty acids that are thought to improve coat quality and shine, and alleviate skin allergies. Fish oil can also reduce inflammation; hence, several pet owners use omega 3 fatty acids for this purpose.

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Based on application, joint health and skin & coat are major application areas where pet dietary supplement are most commonly used. These two segments account for the major share of the pet dietary supplement market. Glucosamine is believed to be an effective treatment for osteoarthritis by pet owners and veterinarians. Omega 3 fatty acids and fish oil supplements are majorly used in the treatment of skin & coat. These can improve coat quality and control itching issues in pets.

The pet dietary supplement market is highly fragmented. A large number of small, medium, and large companies operate in the market at global and domestic levels. Companies work on product innovation to increase their market reach.

Pet Dietary Supplement Market: Prominent Regions

North America and Europe hold major share of the pet dietary supplement market, due to rapid rise in the number of pet owners in prominent countries such as the U.S., the U.K., Canada, France, Germany, Italy, Spain, and various other European countries.

Demand in the Asia Pacific region is estimated to expand at a significant pace compared to other regions in the near future, due to rapid increase in awareness about pet care products, etc., in countries such as China, India, Japan, Australia, and New Zealand.

The market in South America and Middle East & Africa is anticipated to grow at a moderate growth rate in the near future. Brazil and Argentina are anticipated to be the prominent markets for pet dietary supplements during the forecast period.

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Major brands are likely to focus on expansion of production capacity and new product development to strengthen their footprints in the pet dietary supplement market. Companies are engaged in expanding their product portfolio and business through online distribution channels. Companies are working toward upgrading their existing products to increase profitability for sustainable growth of businesses.

Pet Dietary Supplement Market: Key Players

Key players operating in the pet dietary supplement market include Ark Naturals Co., Boehringer Ingelheim International GmbH, Kemin Industries, Inc., Nestlé S.A., Novotech Nutraceuticals, Inc., NOW Health Group Inc., Nutramax Laboratories Inc., Nutri-Pet Research Inc., Virbac Corporate, and Zoetis Inc.

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Online Gambling & Betting Market Analysis, Sales Revenue, Business Growth and Forecast 2027

According to a new market research report published by Transparency Market Research titled “Online Gambling & Betting Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027,” the global online gambling & betting market is expected to reach a value of US$ 134.5 Bn by 2027, growing at a CAGR of 11.9% from 2019 to 2027. Europe held the leading share in the online gambling & betting market in 2018 and is expected to maintain its dominance over the forecast period.

The online gambling and betting market is expected to witness a rapid growth during the forecast period due to regulatory environment, which in turn is expected to propel the global market across the globe. Moreover, increase in prevalence rate of gambling, rise in disposable income of consumers, trust in the mode of online gambling and betting, growth in penetration rate of Internet, and adoption of Internet-based devices are major factors driving the online gambling & betting market. Participation in online gambling & betting helps end-users to witness gambling and betting activities in real-time through their Internet-based devices. Online gambling and betting consists of gambling and betting games such as poker, casino, sports betting, and lottery which are played through digital platforms.

Relaxation of laws for online gambling & betting across the globe provides new opportunities for internet based gambling & betting operating players to generate revenue. Major online gambling & betting players are involved in the business of innovative game development along with online transaction services. Companies operating in the online gambling & betting market include 888 Holdings plc, The Stars Group, Paddy Power Betfair plc. Fortuna Entertainment Group, GVC Holdings Plc., and Kindred Group, as profiled in this report.

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With the adoption of mobile devices in online gambling, gamification is expected to play a crucial role in disrupting the market over the coming years. Today, operators are trying different ways to generate customer loyalty in the online gambling market. However, players are not able to find major differences between similar games, since all games are built on the same gaming models. Gamification is expected to provide an advantage for operators by offering strategies such as real-time performance analytics, competition with player-friends, virtual rewards, and loyalty bonuses. This, in turn, is expected to generate brand loyalty in players and distinguish the operator’s games from those of its competitors. Furthermore, it is expected to drive innovation among operators in order to create new forms of gambling games in the coming years.

The global gambling revenue is expected to grow at a healthy rate owing to high disposable incomes, favorable regulation, and tax rebates in respective regions. The end-users comprising the age group from 35 to 55 years having high disposable incomes and a passion for the adoption of the latest technological devices as part of leisure. Therefore, the end-user segment is more likely to adopt online gambling technologies in the coming years.

Generations Y and Z, consisting of the age group between the years of 15 to 25, are more inclined to use mobile devices and may find online gambling a part of leisure in the coming years. Thus, combining the inputs from both age groups, the online gambling and betting market is expected to register positive growth over the forecast period.

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In terms of geography, Europe accounted for the highest share in 2018. Asia Pacific is expected to grow at a higher pace in coming years. Key factors attributing to the Asia Pacific market growth are relaxation of laws, growth in participation of wagers through Internet, and availability of foreign gambling & betting sites with attractive offers. In addition, increase in penetration of Internet-based devices and trust in using online gambling & betting sites are stimulating the market.

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Electronic Equipment Repair Service Market Demand, Growth Factors, Regional Trends, Future Plans and Outlook

According to a new market report published by Transparency Market Research titled ‘Electronic Equipment Repair Service – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027,’ the global electronic equipment repair service market is expected to reach US$ 8,571.5 Mn by 2027, expanding at a CAGR of 8.1% from 2019 to 2027. Europe held a prominent share of the electronic equipment repair service market in 2018.

The adoption of electronic equipment has increased across the region due to continuous innovations and technological advancements in electronic equipment technologies. Electronic equipment such as consumer electronics, home appliances, medical equipment, and industrial equipment require maintenance and servicing to lengthen their life. This is expected to drive the electronic equipment repair service market during the forecast period. Moreover, rise in demand for refurbished electronic equipment in developing regions is a major factor that is expected to boost the electronic equipment repair market in the coming years. All these factors are anticipated to drive the electronic equipment repair service market during the forecast period.

However, a shift in consumer behavior toward purchasing new products and poor-quality or duplicate spare parts are expected to hamper the expansion of the electronic equipment repair service market during the forecast period.

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The consumer electronics segment is expected to expand at a rapid CAGR as consumers are more likely to repair or refurbish their current devices instead of investing in new equipment. This is anticipated to fuel the expansion of the electronic equipment repair service market in the coming years. Under the consumer electronics segment, the smart phone & mobile phones sub-segment holds a major share of the market, followed by the television and others segments (music players, routers, etc.). Increased dependence of modern day individuals on the Internet in everyday life has created a need for portable connected devices that allow access to the Internet anywhere and everywhere. In that respect, smartphones offer Internet connectivity on-the-go along with the advantages of traditional mobile phones or feature phones. Owing to these factors, the smartphones and mobile phone segment is expected to maintain its market share during the forecast period.

The market in Asia Pacific is expected to expand at a rapid CAGR as compared to other regions due to increase in urbanization and rise in population during the forecast period. The electronic equipment repair service market in China is expected to be valued at US$ 16.89 Bn by 2026 and is expected to expand at a CAGR of 8.9% during the forecast period. As repair services providers offer a wide range of services, including insurance and warranty for equipment, the electronic equipment repair service market is anticipated to see prominent expansion opportunities in the coming years. Furthermore, service providers offer advanced repair solutions and maintenance services to consumers, which has led to the expansion of the out of warranty segment across different regions.

In terms of end-use, the residential segment held a prominent market share of around 75.36% of the global electronic equipment repair service market in 2017. Government regulations for e-waste management support electronic equipment repairing and recycling activities worldwide. Moreover, rise in adoption of electronic equipment insurance is expected to accelerate the electronic equipment repair service market in the near future. All these factors are expected to drive the overall electronic equipment repair service market between 2018 and 2026.

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Companies in the equipment repair service market are focusing on achieving long-term growth through value-added services for customers. The company profiles section of the report include company overview, major business strategies adopted, and key developments. Key players in the electronic equipment repair service market include Encompass Supply Chain Solutions Inc., uBreakiFix, iCracked, Inc., Moduslink Global Solutions, Mendtronix Inc., The Cableshoppe Inc., Redington Services, Electronix Services, B2X CARE SOLUTIONS GMBH, MicroFirst Gaming Inc., and Global Electronic Services, Inc.

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