SAP Digital Services Ecosystem Market Comprehensive Analysis and Positive Outlook towards 2027

According to a new market research report published by Transparency Market Research, titled ‘SAP Digital Services Ecosystem Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ the global SAP digital services ecosystem market is projected to expand at a CAGR of 7.9% during the forecast period. According to the report, the global market would continue to be influenced by a range of macroeconomic and market-specific factors, such as increasing complexity of customer, sales and other operational data of SMEs as well as large enterprises.

Advantages offered by SAP digital services and increased adoption of ERP and CRM solutions across small and medium enterprises (SMEs) are expected to boost the global SAP digital services ecosystem market in the next few years.

Europe market to witness prominent growth, followed by Asia Pacific

In terms of revenue, Europe accounted for a significant share of the global SAP digital services ecosystem market in 2018. The region witnesses presence of a large number of SAP partners, due to increase in the adoption of SAP ERP solutions by small and medium enterprises (SMEs) throughout the region.

The market in Asia Pacific is anticipated to witness prominent growth during the forecast period, owing to increasing adoption of on-premise and cloud-based SAP solutions in major economies in the region such as India and China. Moreover, penetration of SAP digital services is significantly low in countries of Asia than those in Europe, due to high costs associated with SAP solutions and services. However, with the increasing adoption of SAP solutions by small and medium enterprises in the region, penetration of SAP services in Asia Pacific is anticipated to increase during the forecast period.

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Migration toward digital platforms and increasing deployment of SAP S/4HANA are fueling the adoption of cloud database, which is expected to gain traction during the forecast period. Furthermore, adoption of SAP digital services, particularly in human resource management and sales and marketing management, is anticipated to increase during the forecast period.

However, high cost associated with the deployment of these services is anticipated to be a restraint of the market in the near future. Still, the impact of cost of solutions and services is anticipated to be significantly low in the next few years, owing to expansion of the SAP partner ecosystem, wherein SAP is focusing on partnering with system implementation partners as well as solution users to deliver extended services ranging from implementation to maintenance.

Among the top 55 SAP partners included in the report, Accenture, IBM, Deloitte, and Capgemini are market leaders in terms of SAP digital service and solution offerings. These companies held a collective market share of approximately 12% in 2018. Moreover, Europe is home to the largest number of SAP partners. It is followed by the U.S. The company profiling of key players operating in the global SAP digital services ecosystem market includes company financials, revenue generated from SAP services, SAP-certified employees, SAP partner type, SAP engagement type, and SAP solutions and services delivered for the year 2017.

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The top 55 partners operating in the global SAP digital services ecosystem market and profiled in the report are Accenture, International Business Machines Corporation, Deloitte Touche Tohmatsu Limited, Capgemini, Tata Consultancy Services Limited, DXC Technology Company, Infosys Limited, Atos SE, T-Systems International GmbH, Wipro Limited, Cognizant Technology Solutions, Hitachi Systems, Ltd., Itelligence AG, HCL Technologies Limited, NTT DATA, PwC (Pricewaterhousecoopers Llp), Tech Mahindra Limited, All for One Steeb AG, Seidor, OpenText Corp., Allgeier ES, CGI Inc., Birlasoft Limited (KPIT and Subsidiaries), Cisco Systems, Inc. (AppDynamics), FUJITSU LIMITED, ABeam Consulting Ltd., Larsen & Toubro Infotech Ltd, Neoris, EPAM Systems, Inc., SNP SE, Systex Corporation, Cenit AG, SOA PEOPLE SAS, The Hackett Group d/b/a Answerthink, Inc., VIEWNEXT SA, Zensar Technologies Ltd., Ctac N.V., ICM.S S.r.l., CIDEON Software & Services GmbH & Co.KG, OSIsoft Inc., Origo, Pearl Norge AS, Augusta Reeves, Utopia Global Inc., IPS Co., Ltd., Backoffice Associates Llc, AgilityWorks Limited, Advanced Applications GmbH, Computer Systems Integration Ltd., 2BM A/S, Implema AB, APPLIUM SAS, Beijing Neusoft Huiju Information Solution Type Co., Ltd., Excellence Delivered ExD Pvt. Ltd, and Vistex, Inc.

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Surveying & Inspection Market to Show Impressive Growth by 2027

Due to the growing demand for unmanned aerial vehicles in defense and agriculture sector the global drone services market is projected to witness a substantial growth in period of 2019 to 2027, says a recent report by Transparency Market Research. The report also states that both the domain have specific applications for the drones and the companies are leveraging these opportunities to gain a serious momentum in the competitive market.

Looking at the growing demand for these drones, Transparency Market Research has published its report on global drone service market that provides in-depth analysis of the market to the reader. The report provides 360-degree analysis of the facets such as opportunities, developments, and strategies that can help the businesses to achieve a sustainable future in the global drone services market.

Growth of the Market Complemented by the Competition in the Market

The global drone services market is currently witnessing a tough competition among the players. These players are developing new machines coupled with new and advanced technologies that can provide a tactical advantage to the UAVs. Due to this competition, the global drone services market is witnessing arrival of new drones in the market.

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These drones are equipped with technologies such as STEALTH and AI. The implementation of these technologies into the drones is the result of extensive research and development done by the players to overcome the competition in the drone services market. Additionally, the players are adopting strategies such as partnerships and collaborations to develop and present innovative drones in the market. With the help of these strategies, the players can have a sustainable future in the global drone services market.

On the flip side, to maintain their dominance in the global drone services market and expand their production and resource pool, some of the prominent players are acquiring several other businesses. With this strategy the players can achieve a competitive edge over their rivals and acquire a major share in the global drone service market.

Agriculture is the Emerging Segment of the Market

Although, the biggest customer of drone services market is the defense segment. The segment uses various UAVs for reconnaissance and strike missions. However, the new sensation on the global drone services market is agriculture sector. The industry is using drones to understand the topography of the location for better farming. Since more farmers are getting educated now and are understanding the advantages of technology, agriculture industry is the presents a huge potential for the players of global drone services market.

Similarly, construction industry is also contributing in the growth of global drone service market. This is because, the industry is using drones to monitor the progress of the construction with advanced cameras and algorithms incorporated in the UAV. Since the data collected from the drones can help save millions of dollars for a construction company, the industry is aggressively using drone services. Based on these extensive adoption by both agriculture and construction segment, these two hold a top spot in end use industry section of global drone services market.

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North America to Account for Maximum Potential

On geographical basis, North America dominates the global drone service market. This is because, the farmers in the U.S. use drone to monitor their vast farms and their progress in terms of production. Additionally, defense sector of the U.S. is one of the biggest promoter and customer of drones. Based on these parameters, the experts at Transparency Market Research state that North America shall dominate the regional segmentation of the global drone services market. Moreover, businesses like Lockheed Martin and Boing who are the pioneers of drone manufacturing are headquartered in North America which is another factor that boosts the dominance of the region in global drone services market from 2019 to 2027.

The study presented here is based on a report by Transparency Market Research (TMR), titled, “Drone Services Market (Application: Aerial Photography, Delivery/Pickup, Surveying & Inspection, Monitoring, and Others; and End-use Industry: Media & Entertainment, Infrastructure, Logistics, Oil & Gas, Military & Defense, Agriculture, and Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027.”

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Application Specific Integrated Circuits Market Scope & Opportunities by 2020-2027

Transparency Market Research delivers key insights on the global deep learning chipset market. In terms of revenue, the deep learning chipset market is estimated to expand at a CAGR of ~24% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the deep learning chipset market.

The deep learning technology is driving advancements in artificial intelligence (AI). In the current scenario, the deep learning chipset technology is being led by graphics processing units and central processing units. However, in the next few years, other chipset types including, application-specific integrated circuits and field programmable gate arrays, are expected to play an extended role.

Deep Learning Chipset Market: Dynamics

While in the current scenario, a large number of developments are being witnessed in the robotics industry, the difference between human skills and robot motor skills still remains large. Machines still need to go a long way to match the human proficiency even at the level of basic sensorimotor skills such as grasping things. However, by linking learning with a continuous feedback, this gap can be bridged. By doing so, it would become easier for robots to understand the complexity of the current world and handle issues intelligently and reliably.

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The neural network technology has made great strides to design computer programs that can process images, text, and speech, and can draw pictures too. However, introducing various actions and control mechanism adds substantial new challenges to the network. Overcoming these challenges would help in understanding the method in which machines would communicate in the current ecosystem. By bringing the power of large-scale deep learning to the robotic control, fundamental issues in robotics and automation can be easily resolved. This, in turn, is expected to augment the deep learning chipset market during the forecast period.

Deep Learning Chipset Market: Prominent Regions

North America is the dominant region in the deep learning chipset market. Growth of the market in the region can be attributed to high investments and a large number of manufacturers in the region. Moreover, the market in Europe is expected to witness significant growth during the forecast period, due to increasing demand for deep learning chipsets for use in prediction of frauds and failures in the region. Asia Pacific, South America, and Middle East & Africa are emerging markets for deep learning chipsets, offering lucrative opportunities to vendors and system integrators in the long term.

With the growing need to streamline large volumes of data (training) and computing answers (interference), demand for highly sophisticated deep learning chipsets witnessed unprecedented growth. A large amount of deep learning chipsets was developed for usage across data centers worldwide. However, the trend is gradually expected to shift as stakeholders in the deep learning chipset market are expecting a majority of processing to be carried out at the edge of and closer to sensor arrays.

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AI companies are investing resources toward the development of deep learning chipset-based technologies. Although the adoption of deep learning chipsets will continue in data centers, AI processing is expected to be employed in next-generation devices, including security cameras, drones, smartphones, etc.

Deep Learning Chipset Market: Key Players

Key players operating in the global deep learning chipset market are IBM Corporation, Graphcore Ltd, CEVA, Inc., Advanced Micro Devices, Inc., NVIDIA Corporation, Intel Corporation, IBM Corporation, Movidius, XILINX INC., TeraDeep Inc., QUALCOMM Incorporated, and Alphabet Inc.

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Networked Embedded System Market is Rapidly Growing with Huge Application Scope & Opportunities by 2020-2027

Embedded systems market is one of the most robust, and innovative frontier for technological development. In 2007, Barr Micheal, a leading global expert on embedded system said, the systems were used in over 98% microprocessors used back then. The market just promises to expand its scope for growth with new applications like home automation, electric vehicles, and global smart initiatives like Internet of Vehicle, driven by Internet of Things.

According to TMR experts, the embedded systems market will reach a valuation of US$338.34 bn by 2021. The market promises to exhibit notable growth a CAGR of 6.4% during 2019-2027.

Growth of 5G, and Rising Penetration of IoT to Promise Tremendous Growth

The advancements in consumer electronics has emerged as a major positive recently. The technology has enabled developments like Personal Area Network, advanced personal control to mobile users, and concepts like smart home automation. Among these, the smart home automation promises opportunities in many areas including lighting, security, lawn / gardening management, smart home appliances, advanced home entertainment systems, AI personal assistants, and HVAC systems.

The home automation is expected to receive a major boost in the near future, as major carries like Verizon have rolled out 5G technology already in key markets like the US. Moreover, the technology has already been widely adopted in China, wherein the government has driven key infrastructure developments like IoV on the back of advanced networking capabilities.

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One of the biggest pain point or opportunity in the market is expected to remain the efficiency, and advanced IoT capabilities of these devices. The rise in home automation can provide new impetus to ailing sectors like constructions with a boost to home prices, and is increasingly becoming a necessity due to green legislations for energy efficiency, and sustainable energy. For example, countries like India, and UK have laid out plans to replace conventional meters with smart meters in every home. The growth of 5G also seems promising as key companies like Apple in the US region has acquired the Intel’s 5G telecom division, which might soon power the adoption of technology worldwide.

Electric Vehicles Promise to Ride Embedded Systems to New Heights    

The embedded systems market will witness strong growth in the automobile sector, thanks to promising growth of electric vehicles. According to TMR analysts, the auto sector will comprise of 18.3% market share by 2027. This growth isn’t surprising as electric automobiles require energy efficient and intelligent infrastructure to communicate with key components like energy grids, sensors, and promise to power the future on the back of these advancements. According to International Energy Agency, by 2040, 40% of all passenger vehicles will be electric.

Moreover, smart and efficient management of electric vehicle is a major arena for advancement. For example, Tesla, known to be a leading player in electric vehicles worldwide, promises nearly 370 miles on a single charge. The company has caught worldwide attention due to leap forward from the likes of Nissan electric vehicle of earlier generation, which provided 107 miles per charge. Moreover, the most electric infrastructure of today still promises major scope for improvement with energy efficiency, and smart automation.

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From a geographical standpoint, the North America market is expected to account for the dominant slice in the revenue pie of the global market over the report’s forecast period. The region has been at the forefront of several developments in the field of electrical and electronics. The region is also home to some of the leading technology companies across the globe, including Freescale Semiconductor, Intel Corporation, and Texas Instruments. The highly encouraging R&D sector is also a leading factor strengthening the embedded systems market in the region.

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Industrial Radiography Equipment Market Scenario and Influencing Trends 2027

According to a new market research report published by Transparency Market Research titled ‘Industrial Radiography Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ the global industrial radiography equipment market was valued at US$ 574.8 Mn in 2018 and is expected to expand at a CAGR of 6.75% from 2019 to 2027, to reach value of US$ 1,032.7 Mn by the end of the forecast period.

Growing popularity of industrial radiography across the globe to fuel the market

Industrial radiography is increasingly being used in various sectors, such as aerospace & defense, semiconductor, and oil & gas, in order to ensure the structural integrity of products and identify faults, if any, in the manufacturing of components. This is projected to augment the demand for industrial radiographs across the globe. This, in turn, is likely to fuel the industrial radiography equipment market during the forecast period.

Increasing miniaturization in the semiconductor industry to fuel the global industrial radiography equipment market

Over the last few years, the semiconductor industry has been flourishing across the globe, especially in developing economies such as China and India. There have been several technological advancements in the field of semiconductors as the size of electronic components continues to shrink and the demand for high-performance products with increased efficiency in terms of power consumption is increasing.

The shrinking size of components makes it difficult to conduct quality tests on components such as printed circuit boards (PCBs), wafers, plug contacts, and wiring. With the help of industrial radiography, it is possible to carry out nondestructive analysis of electronic components such as surface-mount devices (SMDs) and column grid arrays; to identify solder bumps in ICs; and to study the thickness of materials coated on PCBs. Industrial radiography is increasingly being used in the semiconductor sector by key players engaged in the manufacture of electronic components in order to ensure high quality and efficient performance.

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Digital radiography segment to expand at a rapid pace throughout the forecast period

Based on imaging technique, the global industrial radiography equipment market has been divided into film-based radiography and digital radiography. Furthermore, the digital radiography segment has been sub-segmented into direct radiography, computed radiography, and computed tomography. Owing to high quality of images generated with the help of digital radiography, the digital radiography segment is expected to expand at a rapid pace during the forecast period. High quality of images makes it possible to better analyze the quality of components under consideration.

Asia Pacific to be rapidly expanding market for industrial radiography equipment led by rising popularity of laundromats in the region

In terms of geography, the global industrial radiography equipment market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2018, North America was the leading market, followed by Europe. The market in Asia Pacific is expected to expand at the maximum CAGR from 2019 to 2027, due to rising popularity and growing adoption of industrial radiographs across various sectors in the region.

Key players focusing on expanding their footprint worldwide and gain a competitive edge

Key players operating in the global industrial radiography equipment market are focusing on the development of new products and their introduction in the market to gain a competitive edge and improve their brand positioning in the market. For instance, in November 2018, Fujifilm Corporation announced that it would be adding two new digital radiography (DR) detectors i.e. the Calneo Dual (available only in Japan) and the FDR ES to its portfolio of digital radiography solutions.

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Furthermore, major players are engaged in forming strategic alliances with peers and less established players in order to gain market share. Key players operating in the global industrial radiography equipment market are Fujifilm Corporation, Comet Group, Shimadzu Corporation, Nikon Corporation, and North Star Imaging.

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NFC Chips Market 2020-2030 Is Booming Worldwide with Comprehensive Study Explores Huge Revenue Scope in Future

Transparency Market Research delivers key insights on the global NFC chips market. In terms of revenue, the global NFC chips market is estimated to expand at a CAGR of 7.5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global NFC chips market.

The global NFC chips market is broadly affected by several factors, including rise in demand for NFC chips among consumer electronics manufacturers, and government initiatives and subsidies coupled with rising applications in various sectors. Thus, expanding application of NFC chips in different sectors is propelling the global market for NFC chips.

NFC Chips Market: Prominent Regions

NFC chips market revenue generation in North America is expected to continue during the forecast period, owing to presence of key market players, technological advancements, and advancement in electronic appliances and services provided in the region. Business performance of the NFC chips market in Europe is expected to be favorable during the forecast period, as the rate of adoption of technologies is significantly high in the region. Countries, including Germany, Italy, and France have prominent industrial manufacturers.

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This boosts the NFC chips market in Europe. The NFC chips market in Asia Pacific is expected to expand at a notable pace, owing to the presence of electronic hubs such as China and South Korea in the region. Additionally, the presence of all major manufacturers in the region is likely to play a key role in driving the market for NFC chips.

Near field communication (NFC) is one of the recent advancements in the short-range wireless connectivity technology that leverages existing interconnection and contactless identification technologies. Over the past couple of decades, as the NFC technology continued to evolve at a rapid pace, the demand for NFC chips witnessed a consistent growth due to which, the NFC chips market has exhibited a positive growth rate over the past few years– a trend that is expected to carry forward during the forecast period.

While advancements in the financial payments sector will open up new avenues for players operating in the current NFC chip market, the increasing adoption of NFC chips from medical equipment, cosmetic, and automotive sectors is projected to provide an impetus to market growth. At the back of these factors, along with consistent advancements in technology, the global NFC chips market is on course to surpass US$ 5.6 Bn by the end of 2030.

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The advent of the novel COVID-19 pandemic is likely to have a sizeable influence on the overall growth of the global NFC chips market in 2020. While the demand for NFC chips from non-healthcare sectors is anticipated to remain modest in 2020 due to the ongoing COVID-19 crisis, healthcare and payment sectors are tipped to emerge as major end-use sectors of NFC chips during the pandemic. The increasing demand for contactless payment coupled with increasing need to improve the communication among the medical staff across hospitals is some of the major factors that are likely to boost the growth of the global NFC chips market during the assessment period.

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Construction Market Overview, Trends, CAGR and Forecast 2020-2027

Transparency Market Research delivers key insights on the global construction market. In terms of revenue, the construction market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the construction market report.

In the report, TMR predicts that the construction market would be largely driven by factors, such as rise in population and investments in infrastructure. Increase in demand for multifunctional characteristics of construction products, use of artificial intelligence, and a streamlined supply chain are expected to drive the construction market during the forecast period.

According to the construction market report, the type segment includes heavy & civil engineering (bridges, roads, railways, airports, and others (sewage, under bridges, etc.), general construction (residential, commercial, industrial), and others (specialty trades, maintenance, etc.) Based on type, the heavy and civil engineering segment accounts for major share. The development of transport infrastructure in various countries contributes maximum to this segment. Maximum investment is for building roads, bridges, and rail lines. The segment is projected to expand at a significant rate in the near future.

In terms of general construction, the residential segment accounts for maximum share of the market. It is estimated to maintain its dominant position during the forecast period. Various housing policies, low interest on loans, and increasing population are key factors responsible for the expansion of the residential segment. Urbanization, modernization, and rise in population are factors leading to infrastructure investments, which is boosting the global construction market.

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Construction companies are expanding their business to new geographies. The construction market is strongly dependent on the economy and spending power of consumers. Various construction companies have adopted a lean approach to increase efficiency and maintain stability. These factors are estimated to drive the construction market during the forecast period. Shortage of skilled labor, rise in raw material cost, changing political conditions, growing environmental concerns, and lack of investment are restrains of the construction market.

Construction Market: Prominent Regions

Asia Pacific holds a major share of the global construction market, followed by North America. Key players largely depend on geographical expansion, promotions, and technological advancements to cater to customer demand and gain a competitive edge in the construction market.

Asia Pacific accounted for approximately 40% share of the global construction market in 2018, followed by Europe and North America. It is anticipated to maintain its dominance in the market during the forecast period, due to rapid industrialization and urbanization in the region.

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Construction Market: Key Players

Key players operating in the global construction market include China Communications Construction Company Ltd, Vinci SA, Bouygues SA, Larsen & Toubro Limited, Strabag SE, Power Construction Corporation of China, Actividades de Construcción y Servicios or ACS, Bechtel Corporation, Skanska AB and TechnipFMC plc.

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