Laboratory Water Purifier Market 2020 | COVID-19 Analysis, Future Guidelines and Profit Margin Revenue & Forecast by The End Of 2022

The global laboratory water purifier market is foreseen o be highly fragmented, with the presence of various big and small companies operating in it. Owing to this, the market is likely to witness intense competitive scene. To survive in this cut-throat competition players are concentrating on product innovation and product differentiation. The major players working in global laboratory water purifier market include Elga Labwater, Merck KGaA, Pall Corporation, Thermo Fisher Scientific Inc., Sartorious AG, Evoqua Water Technologies LLC, Aqua Solutions, Inc., Chengdu Ultrapure Technology Co. Ltd, and Purite Ltd.

A key trend propelling the global laboratory water purifier market is smaller organizations getting into mergers and acquisitions and tie-ups with service providers to increase their market share. Partnerships are alternate ways through which firms are increasing their shares, specially, the industry giants. The well-established manufacturers, with their strong distribution chain and robust after-sales facilities, are consistently striving to increase their global reach and sustain the current consumer base.

As per a report by Transparency Market Research, the global laboratory water purifier market is prognosticated to expand at a CAGR of 11.6% within the forecast period from 2017 to 2022. In 2016, the market was valued around US$10.060 bn and is slated to soar around value US$19.259 bn by the end of forecast period.

Based on type, type I is utilized to purify water. Type I hold for maximum market share due to its rising applications in laboratory procedures, for example, high performance liquid chromatography (HPLC). the segment held around 42.0% overall market share. Geographically, Asia Pacific region provides the maximum revenue in the global laboratory water purifier market. The region in 2016, held a share with respect to revenue around 41.0%. In forthcoming years, Asia Pacific is foreseen to sustain its dominance due to japan and China that have invested heavily in healthcare sector.

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Recent advancements are contributing to further developed laboratory water purifier frameworks with better functionalities. Rising investments, especially in the rising nations of Asia Pacific, are giving a noteworthy lift to the global laboratory water purifier market. Additional factor catalyzing development in the global market is rising utilization of the frameworks in various applications. “The extending application territories of lab water purifiers in different research facilities is likewise producing surging demand for laboratory water purifiers explicitly in Asia-Pacific.

Other than the booming web based business, the significant demand from healthcare segment and the appearance of industry explicit laboratory water purifier frameworks in the developed nations of North America and Europe are additionally supporting the development energy in the market.

Laboratory water purifier is utilized for cleaning or sanitizing tap water to an evaluation that is fit for use in laboratory methods. As these methods are expensive in nature, it is important to stop wastage that can happen because of the polluting elements present in the water.

Lack of Awareness Among Buyers to Hinder Market Growth

“On the other side, the development in the global laboratory water purifier market is hindered by the lack of awareness within clients with respects to which kind of purification is needed for the application. Nevertheless, persistent improvement is foreseen to introduce various development scope over the forthcoming period,” says the report analyst at TMR.

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The data and information presented is based on the findings of a TMR report, titled “Laboratory Water Purifier Market (Mode of Use – Point of Use, Large Central Systems, and Clinical Analyzers; Type – Type I (Ultrapure), Type II (Pure), and Type III (RO); Application – High Performance Liquid Chromatography (HPLC), Immunochemistry, Ion Chromatography, Mammalian Cell Culture, and Autoclave; Distribution Channel – Direct Sales, Distributor, and Online; End-use Industry – Environment, Food, Oil & Gas, Academic & Government, and Healthcare) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2022.”

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Document Imaging Market Overview, Trend Analytics and Forecast to 2025

Some of the prominent names operating in the global document imaging market are Fujitsu Ltd., Hewlett-Packard Company, Canon Inc., Eastman Kodak Company, Xerox Corporation, Qorus Software Ltd., CBSL Group, Epson America, Aramex, and Newgen Software Technologies. While some companies are targeting to capture increased market share by investing in research and development pursuits and develop advanced and upgraded document imaging solutions, some others are expanding their market share by entering into strategic alliances and partnerships.

A report by Transparency Market Research estimates the global document imaging market is likely to expand at a healthy 13.8% CAGR between 2017 and 2025. Progressing at this rate, the market is estimated to become worth US$153.05 bn by 2025 increasing from US$48.16 bn in 2016.

The segments of the global document imaging market depending upon service are cloud and on-premises. While currently on-premises leads the market, the segment of cloud service is expected to display robust growth over the market and surpass the market share of on-premises.

The global document imaging market classified based upon region are North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. North America which is segmented into the U.S. and Rest of North America captured the leading share in 2016 backed by the growth in production facilities and rising demand for digitalized documents. However, Asia Pacific displayed the leading growth in 2016 due to rapid adoption rate of digitalization solutions over the years.

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Economic Benefits coupled with Reduced Risk of Loss of Documents Augments Growth

The growth of the global document imaging market is driven by several factors, of which rising demand for big data handling and analytics is a key one. The impact of this driver is currently high and is expected to be significant over the forecast period. Big data analytics is a new revenue generating stream that holds massive growth potential for an organization.

Besides this, rising adoption of compliance initiatives, distributed capture, and need to reduce expenses by investing in advanced document processing are some other factors that the document imaging market is benefitted from. This is because installing document imaging has significant benefits in terms of cost savings and time savings. This solution does not require huge manpower to scan documents with the additional benefit of reduced risk of loss of documents if transmitted in digital form. While the impact of this driver is moderate currently, it is expected to be high over the forecast period.

The rising trend of digitalization of medical records holds immense potential for the growth of this market. The maintenance of Electronic health records (EHR) in medical institutions is totally paperless and is dependent on scanning of documents. Law firms that deal with large volume of paper work is also paving way for growth of document imaging market globally.

Furthermore, customers are ready to spend premium amounts to receive robust document imaging solutions. Dealers are aware about customers’ demand for holistic solutions for document imaging. This factor is furthering the demand for document imaging solutions worldwide. Educational institutions that deal with large volume of documents related to registration documents, admission documents and notices amongst others is providing a fillip to the global document imaging market.

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The information presented is based on the findings of a report by Transparency Market Research, titled “Document Imaging Market (Service – Cloud and On-Premises; Component – Software and Hardware (Scanning, Printing, and Microfilm Readers); End Use – Government Organization, Law Firms, Physician Practices, and Educational Institutions) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017- 2025.” 

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Enterprise Video Content Management Market Trend | COVID – 19 Outbreak, Growth and Forecast to 2022

A fresh commerce and business study by Transparency Market Research (TMR) has observed that as small and medium enterprises (SMEs) mushroom across the world, the vendors who are ahead of the curve in the global enterprise video content management market will continue to find vast new opportunities, especially when they are willing to expand into the emerging economies in Asia Pacific. For instance, about a year ago, Panopto partnered with Ramp to provide businesses and universities an optimized mode of streaming video to large and geographically distributed audiences.

Around the same time, Qumu collaborated its video content solutions with V-Cube’s conferencing system solutions to cater to targeted audiences in Japan and rest of the Asia Pacific. The report identifies IBM Corporation, Microsoft Corp., Adobe Systems, Inc., Qumu, Inc., Kaltura Inc., Panopto Inc., Brightcove, Inc., MediaPlatform Inc., Sonic Foundry, Inc., and VBrick Systems Inc. as some of the prominent companies currently operating in the global enterprise video content management market.

As per the estimations of the TMR report, the demand for enterprise video content management, across the globe, will increment at an impressive CAGR of 10.5% during the forecast period of 2017 to 2022. By the end of the forecast period, 2022, the revenue in this market is projected to be worth US$13,309.0 mn, which is substantially up from its evaluated valuation of merely US$8,070.4 mn in 2017. In the near future, most of prominent companies are expected to adopt the latest technology pertaining to communication and lure newer customers.

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The report has also noted that security of confidential information is turning into a glaring issue and several market players will aim to fix this in order to consolidate their positions, primarily by focusing on hybrid and on-premises architectures to secure video data on-premises.

Based on component type, the global enterprise video content management market currently gains maximum demand for software platform, a segment that generated a revenue of US$5,811.3 mn alone in 2017, which was nearly 72% of the overall demand. This particular segment is expected to sustain its strong demand until 2022 too, when it is estimated to be worth US$9,286.6 mn, serving 69.8% of the demand as opposed to other segment of support services. Geographically, the TMR report rates North America as most lucrative region. The North America enterprise video content management market is projected to be worth US$4,293.6 mn by 2022, expanding at a CAGR of 9.6% during the forecast period of 2017 to 2022.

Rising adoption of cloud technology, growing awareness regarding the benefits of video as a tool that can enhance communication and collaboration across enterprise on the real time, growing penetration of high-speed internet, and increasing demand for video streaming are some of the key factors augmenting the demand in the global enterprise video content management market. Almost all SaaS and hybrid vendors are offering stronger security as cloud-based platforms gain adoption. These solutions aids enterprises to improve their efficiency by enabling secure information communications, capture and manage video content, and document processing. Features such as webcam, audio recordings, creation of screen, and media publication helps the corporate organizations to access their important data from remote locations on their smartphones and tablets.

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Information Security Remains Most Glaring Hindrance

On the other hand, factors such as lack of network connectivity, technical difficulties, operational difficulties pertaining to enterprise video as a unified communication and collaboration (UCC) tool, and concerns regarding security of the content are some of the challenges that are hindering the prosperity of the global enterprise video content management market. Nevertheless, growing adoption of video analytics and increasing demand for enterprise video content management in the healthcare sectors are primed to open vast new opportunities in this market.

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Field Service Management Market Analysis, Forecast, Industry Analysis and Forecast 2020-2025

In a recent report published by the Transparency Market Research on the global field service management market states that the market is projected to experience a healthy growth in the forthcoming years. The report provides detailed analysis on this market including the revenue generation that is expected to be close by US$ 8.5 billion by the end of 2025. The market is also projected to progress at 14.1% CAGR during the period of eight years from 2017 to 2025. Thus, analysis states that the global field service management market has huge growth potential in the near future. 

Witnessing this high growth potential, the players in the global field service management market started exploring their avenues that will help them strengthening their position in the market. Currently, handful players are holding larger share in the market and making significant efforts to establish themselves strongly among their competitors. However, entry of new players providing filed services management solutions are expected to increase the competition among the players in the next few years.

These players will offer advanced and innovative facilities to attract larger number of customers that will help them in generating a strong customer base. For example, AsteaInternational Inc. recently partnered with Baxter Planning to integrate its service parts planning software into the AsteaAlliance Enterprise field service management and mobility platform. This will help the company to offer complex, and large service organizations at a reduced total inventory carrying costs.It will also assist the company to attract huge customer base. 

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Asia Pacific Offering Lucrative Growth Opportunities for Field Service Management Providers

Based on the company analysis, Asia Pacific is considered a prominent region that will further expand the growth of field service management in the coming years. Large scale industrialization and growing e-commerce in countries including India and China has made this region the global field service management market. Growing number of technology users in the region has further supported the growth of the field service management market. These two countries are considered to be the leading the region and highly profitable market for the players, thus driving the growth in the field service management market.

North America on the other hand, is highly likely to hold significant share in the market due to strong presence of leading players and high adoption of such software across many verticals. Additionally, smart and strong communication and internet infrastructure has further made North America a key region for the growth of field service management solutions.

Customers Preferring Cloud Field Service Management Solution to On-Premises

The demand for cloud field service management solution is high as compared to on-premises field service management solution. Benefits of cloud deployment include flexibility in capacity, scalability, cost efficiency, and enhanced collaboration that made this segment lead the market. implementation of cloud-based field service management solution is widely seen in small, medium and large enterprises, as it helps them to focus on their core competencies, rather than focusing on IT processes. Additionally, cloud-based field service management solutions provide a centralized means to integrate the system and its components with mobile and web applications. This results in benefitting organizations to accelerate their performance of their field representatives.

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The study presented here is based on a report by Transparency Market Research (TMR) titled “Field Service Management Market (Solution – Billing and Invoicing, Inventory Management, Mobile Field Execution, Reporting and Dashboards, Schedule and Dispatch, Tracking and Performance Management, and Work Order Management; Service – Consulting, Implementation, and Training and Support; Deployment Type – Cloud and On-Premises; User Type – Small and Medium Enterprise (SME) and Large Enterprise; Industry Vertical – BFSI, Construction and Real Estate, Energy and Utilities, Healthcare, Manufacturing, Telecom and IT, and Transportation and Logistics) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.”

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Marine Big Data Market Analysis, Growth, Forecast, Predicted to Accelerate by 2020-2025

Considering big data analytics in the marine sector is an upcoming technology, the global marine big data market is poised to witness a highly competitive environment. As the market is at a booming phase, Transparency Market Research (TMR) forecasts strong growth for in a new study. “In order to emerge at fore, a majority of the market players are focusing on product differentiation,” said a lead TMR analyst. “In consequence of the same, companies are in keen on adding innovative functions to the products they offer,” he added. Besides this, the market players are keen on strategic collaborations through partnerships. This would help companies operating in the global marine big data market strengthen their foothold. TMR has identified Intertrust Technologies Corporation, Splunk, Inc., Teradata, BigOceanData, Datameer Inc., among others as some of the leading companies operating in the global marine big data market.

Impacted by strategies adopted by the key market players and various other factors, the global marine big data market is forecast to expand at a robust 21.5% CAGR between 2017 and 2025. At this pace, the market’s valuation will reach US$3,240.5 mn by the end of 2025. Based on component, service segment held larger share in the global marine big data market as compared to software packages as the former offers better affordability. Regionally, Asia Pacific held lead in the global marine big data market as the region boasts the presence of large shipping corporations in South Korea, China, Singapore, and Japan.

Shipping is highly regulated and responsible nearly 3% of carbon emissions reported globally. Considering the high dependence of global trade, the shipping industry accounts for a significantly large share of the commercial demand. In the coming years, the industry is likely to navigate through various twists and turns and bear effects of climate change, upcoming regulations, technological advancements, and energy shortages. Also several technological developments are on card for the marine sectors on account of the advent of proliferation of the sensor technology. Against this backdrop, experts are of the opinion that the marine sector is likely to develop at a rapid pace in the coming years. This will in turn create lucrative prospects for the global marine big data market’s growth.

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Ship intelligence will emerge as a driving future shaping lucrative prospects for the industry. A staggering volume of data is generated on a daily basis in marine sector. Furthermore, this data is generated from diverse sources and in diverse formats. Big data has therefore emerged as a key solution as it helps discovering correlations between various measurable or unmeasurable criteria. Results thus obtained enables determination of hidden trends and patterns.

Information Provided by Marine Big Data Considered Indispensable for Marine Sector

Marine big data provides forecasts regarding unforeseen hazards be it regarding climate or ecology and helps in decision-making. In addition, marine big data also provides valuable temporal and spatial information, besides data on water attributes such as density, salinity, temperature, and velocity. All these factors will help in growth of the global marine big data market in the coming years. As future of ship intelligence traverses beyond ultra-monitoring and nanotech, the market will welcome a fresh burst of opportunities. Experts are of opinion that in the coming years, bridges will focus on analyzing high level data to efficiently manage navigation and propulsions.

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This review is based on a TMR report, titled “Marine Big Data Market (Component – Software (Data Analytics, Data Collection Data Discovery & Visualization, and Data Management), Services (Consulting, System Integration and Operation, and Maintenance); Application – Renewable Energy, Oil & Gas, Fishery, Whale Watching, Marine Protected Area, Dredging, Harbor, and Offshore Construction; Data Source – Environmental, Oceanographic, Geological Data, and Economic) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025.”

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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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