Oil and Gas Data Monetization Market Value Chain, Dynamics and Key Players 2021-2026

According to a new market report published by Transparency Market Research, the global oil and gas data monetization market is expected to reach a value of US$ 81,600.0 Mn by 2026 on account of large volume of data generated across the oil and gas industry and the selling/trading or the software/platform usage to derive value from such large volumes of structured, unstructured, and semi-structured data.

The market is projected to expand at a CAGR of 18.5% during the forecast period from 2018 to 2026 driven by the increasing trading of data products such as seismic data, geophysical data, magnetic surveys, well data, production data, interpretive studies, etc. and the increasing adoption of data management and data analytics solutions in the oil and gas industry. After the fall in CAPEX during the years 2015 to 2017, spending in the oil and gas industry is anticipated to increase gradually from 2018, thus further driving the digitization across the industry using software/platforms and related services.

North America is anticipated to be the dominant region in the oil and gas data monetization market followed by Middle East & Africa during the forecast period.The exploration segment in the E&P lifecycle is expected to see flourishing growth to maintain the production and to meet the demand in the next decade with sufficient oil and gas discoveries now. Further, the use of analytics solutions and data management solutions mainly for seismic data, drilling data, and production data processing drives the data monetization market in the oil and gas industry.

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Turning data into intelligence for improved asset productivity is driving the global oil and gas data monetization market

Predictive and prescriptive analytics are the approaches that help oil and gas companies to minimize expenses and earn money by turning this data into valuable assets. Real-time data analysis is essential for deriving insights from unstructured data generated from sensors present in the oilfield. The creation and consumption of data continues to grow and with it the investment in software, services, and data science. The availability of large amount of generated data led to technological innovation in analytics solutions.

Such highly analysed and streamlined data is now being traded from oil and gas service companies and national data repositories in collaboration with oil companies. The oil and gas data monetization market is expected to flourish over the forecast period driven mainly by indirect data monetization i.e. software/platforms and professional services used to increase operational efficiencies deriving value from data for oil and gas companies. However, direct data monetization i.e. the data exchange/transaction for direct monetary benefits is expected to grow at the highest rate over the forecast period.

Oil and Gas Data Monetization Market: Scope of the Report

The oil and gas data monetization market is segmented based on method, component, oil companies, application, E&P lifecycle, and geography. By 2026, the upstream application segment will account for more than 53% of the global indirect oil and gas data monetization market and more than 56% of the global direct oil and gas data monetization market due to increasing IT spending in the upstream sector of the oil and gas industry. National oil companies segment is anticipated to have more than 44% market share in indirect data monetization and more than 33% market share in the direct data monetization market by 2026 due to increasing spending by national oil and gas companies and maximum share of production by national oil and gas companies globally.

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North America is leading the oil and gas data monetization market with 36% share globally. This is due to increasing oil production in the region and shale gas activities which fuels the need for indirect data monetization to gain operational efficiency. The U.S is the leading country for oil and gas production, accounting for 15% of total global oil production, fuelling an opportunity for adoption of oil and gas data monetization in the region.In terms of new opportunities, Asia Pacific and Middle East &Africa are expected to witness healthy growth during the forecast period. Increasing adoption of advance technological solutions in the oil and gas industry across GCC countries, and the U.S is expected to offer prominent opportunities to the oil and gas data monetization market.

Global Oil and Gas Data Monetization Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global oil and gas data monetization market. Halliburton, Schlumberger Limited, Informatica Corporation, SAP SE, Oracle Corporation, Accenture plc, IBM Corporation, EMC Corporation, Microsoft Corporation, Tata Consultancy Services Ltd., Datawatch, Drillinginfo, Hitachi Vantara Corporation, Hortonworks, Inc., Capgemini SE, Newgen Software, Inc., Cloudera, Inc., Cisco Software, Inc., SAS Institute, Inc., MapR Technologies, Inc., Palantir Solutions, OSIsoft LLC, Infosys Limited, and NETSCOUT are some of the key players that have been profiled in this study. Details such as financials, business strategies, key competitors, recent developments, SWOT analysis, and other such strategic information pertaining to these players have been provided as part of company profiling.

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Tow Bar Market Developments and Opportunity Assessment 2021

 

• A tow bar is a device attached to the chassis of a vehicle so that it can be pulled by another vehicle or power source. The tow bar is designed to enables proper load distribution and swiveling of the towed vehicle.
• Rise in disposable income and consumer demand for off-road and touring activities is projected to boost the demand for tow bar globally

Key Drivers and Restraints of Global Tow Bar Market

• Government mandates, such as regulation (EU) No 1005/2010, requires all motor vehicles to be fitted with towing device such as tow bar. Adoption of such regulations worldwide is expected to drive the global tow bar market.
• Rising roadside assistance services and demand for towing is boosting the demand for the tow bar. Increased number of vehicles on road and high-speed engines have driven the number of accidents, thereby spurring the need for tow bar.
• Sales of electric vehicles are rising rapidly, globally, and these vehicles often require towing in case of breakdown, as there is very little scope of on-spot repair. Consequently, increased demand for electric vehicles is expected to drive the tow bar market.
• Emergence of electric foldable tow bar, offered by automakers such as BMW AG, is a key trend witnessed in the tow market. Rising electrification trend and consumer demand for automatic vehicles systems is boosting the demand for tow bar.
• Increasing stringency in safety regulation is prompting tow bar manufacturers to develop tow bar that are capable of withstanding higher forces and are able to bear or haul more vehicle mass

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Foldable tow bar segment to expand significantly

• Fixed tow bar are cost-effective and extensively used. The foldable tow bar segment is anticipated to expand significantly due to its robust nature. Electrically operated foldable tow bar are being adopted in premium vehicles. Rise in sales of premium vehicles is anticipated to boost the demand for foldable tow bar.

Passenger vehicles to witness significant demand

• Passenger vehicles, such as light-duty trucks and SUVs, contribute toward the high demand for tow bar. In North America, trucks manufactured by General Motors and Ford are widely used in off-road activities and hence, contribute significantly to the demand for tow bar.

OEM to hold leading share of global market

• Majority of vehicles contain OE standard fitted tow bar and hence, the OEM segment holds the leading share of the market. Tow Bar are easily available and can be installed in the aftermarket and consequently, the aftermarket segment also holds a significant share of the tow bar market. Rising demand for vehicle accessories and advent of e-commerce have boosted the sales of tow bar.

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Asia Pacific to lead global tow bar market

• In terms of region, the global tow bar market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• The market in Asia Pacific is expected to expand at a highest growth rate owing to rising domestic demand for vehicles for off-roading and touring purposes in the region. Rising consumer preference for SUVs and light-duty trucks is projected to boost the tow bar market in Asia Pacific.

Europe and North America together held a dominating share of the global tow bar market. High disposable income in these regions coupled with a high demand for eco-tourism, adventure, and use of caravans and motorhomes has resulted in high demand for tow bar in Europe and North America.

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Port and Harbor Operation Service Market Key Strategies and Insight Drivers 2020-2027

 

• In 2017, top 20 global ports handled 9.3 billion tons of cargo. Outlook for the seaborne trade has remained positive since 2017 after two consecutive years of slowdown.
• Improvements in manufacturing and industrial activities are driven by high capital spending and growth of developing economies

Key Drivers and Restraints of Global Port and Harbor Operation Service Market

• Maritime industry registered the highest growth in five years due to global economic growth. The dry bulk cargo & containerized cargo are increasing steadily and are driving the demand of container handling services and port and harbor operation service market.

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• The expansion of the maritime industry in China and ASEAN region is expected to further propel the port and harbor service operation market
• Rising competition among freight operating companies as well as port traffic volumes has necessitated the adoption of a service operator to effectively manage and strategize port and harbor operations
• As the traffic volume rises, it has become increasingly important to monitor, track, and plan the supply chain and working at ports
• Rise in intra-Asia trade from China to other Asia Pacific countries is estimated to further boost the port and harbor operation service market
• Belt and Road Initiative of China is set to boost the expansion and development of new sea ports, thereby expanding the port and harbor operation service market
• Changes in trade policy and trade disputes among countries, such as China and U.S., would restraint the sea trade volume and hamper the port and harbor operation service market.

Navigation Service to Witness High Demand

• Navigation services include tug service, pilotage, port dues, and tug-berth system, among others. In order to ensure safety and minimize risk, several ports across the world have laws regulating compulsory pilotage. The pilotage involves a marine pilot to conduct and guide the vessel to the port.

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• Rise in seaborne traffic and increase in the number of ports and harbors are boosting the navigation service segment of the port and harbor operation service market
• Tug service is on rise with increased number and size of vessels. Environmental concerns and strict port regulations have led to the adoption of green tug boats. As the average size of vessels is increasing and with the launch of carriers such as very large crude carrier and ultra large crude carrier, tugging service has evolved as one of the key navigation services required at ports.

Asia Pacific to Lead Global Market for Port and Harbor Operation Service

• In terms of region, the global port and harbor operation service market can be divided into: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• Asia Pacific recorded the maximum import and export activities during 2018 with highest contribution from China. Exports from China and ASEAN countries are on the rise with their growing export values in Europe and North America.
• Foreign direct investment in the manufacturing sector in Asia Pacific has doubled between 2011 and 2017 as compared to 2005-2010. Ports and harbors in the Asia Pacific region have undergone major expansion and infrastructural development during the course to accommodate the rising traffic.
• Revival of the economy of Mexico and Brazil is likely to have a positive impact on the port and harbor operation service market in Latin America.

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Automotive Active Health Monitoring System Market Analysis with Business Opportunities, Key Strategies and Insight Drivers 2020-2030

According to the report, the global automotive active health monitoring system market is projected to reach ~US$ 10 Bn by 2030, expanding at a CAGR of 32% during the forecast period. The global automotive active health monitoring system market is likely to expand at a CAGR of 32%. Rise in demand for safety features in vehicles and initiatives by governments and OEMs in driver health monitoring are boosting the usage of active health monitoring system, which is anticipated to augment the global automotive active health monitoring system market during the forecast period.

Several OEMs are focusing on the research and development of active health monitoring system in terms of its location under the driver’s seat. Hence, it is likely to be introduced before the dashboard health monitoring system. The dashboard segment is projected to expand at a higher growth rate due to the dashboard active health monitoring system’s integration in the vehicle and combination with other technologies such as active drowsiness system, as it is it is highly cost-effective, as compared to the seat type active health monitoring system.

Expansion of Automotive Active Health Monitoring System Market

The expansion of the market can be attributed to an increase in chronic illness across the globe, owing to unhealthy lifestyle, poor diet, and increase in stress level. The leading cause of death in the U.S. is chronic diseases. In 2012, 117 million people had one or more chronic health conditions, and one in four adults had two or more chronic health conditions. Likewise, in Europe, chronic diseases is a major cause of road accidents-related mortality.

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According to the World Health Organization, in Europe, more than one-third of the population above the age of 15 has chronic disease. Major OEMs, such as Audi, BMW, Mercedes, Ford, Volkswagen, and Volvo, are taking initiatives in driver health monitoring by providing features, such as driver attention and drowsiness detection, by using driving inputs, cameras, and biomedical sensors. These factors are likely to propel the active health monitoring system market during the forecast period.

The dashboard health monitoring system has comparatively more components; hence, it is more expensive. However, the dashboard segment is likely to expand at a rapid pace due to higher functionality provided by the system. Consequently, the dashboard segment is likely to dominate the automotive active health monitoring system market during the forecast period. In terms of vehicle type, the passenger vehicle segment is expected to dominate automotive active health monitoring system market. Passenger vehicle is a highly lucrative segment and is projected to account for a higher share of the market, owing to the higher rate of adoption and vehicles transitioning toward ride safety. The automotive active health monitoring system is still in the testing and introduction phase, which is expected to witness significant adoption due to a rise in safety and security concerns.

Regional Analysis of Automotive Active Health Monitoring System Market

In terms of region, Europe is expected to be a highly attractive market by the end of 2021, in terms of revenue, followed by North America and Asia Pacific. North America is likely to hold a prominent share of the market during the forecast period, owing to the higher implementation of the active health monitoring systems in vehicles in the U.S. People in North America and Europe are facing health issues such as obesity, high/low blood pressure, diabetes, and they need a system that is likely to monitor the vital health signs of an individual.

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Prominent players operating in the global automotive active health monitoring system market include Faurecia, TATA Elxsi, and Plessey Semiconductors. Major OEMs such as Audi, BMW, Mercedes, Ford, Volkswagen, and Volvo are taking initiatives in driver health monitoring by providing features, such as driver attention and drowsiness detection, by using driving inputs, cameras, and biomedical sensors.

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Vehicle Roadside Assistance Market Sales, Trends and Forecast to 2027

Vehicle roadside assistance refers to a service helping the driver of a vehicle during the breakdown of the vehicle. Vehicle roadside assistance solutions provide on-site help to the owners or drivers with basic support. This basic support comprises misplaced or lost keys (lockout service), flat tire support, on-site minor mechanical and electrical repair, fuel delivery service, and battery jump start. It is simply an effort by professionals of the automotive industry to solve minor issues of a vehicle during a breakdown. The global vehicle roadside assistance market is expected to observe rapid growth due to increased production of automobiles all over the world.

Some of the key companies mentioned in the this report on global vehicle roadside assistance market comprise TVS Auto Assist India Limited, Falck A/S, Allianz Global Assistance, Twenty Four OTR Pvt Ltd, Viking Assistance Group AS, Good Sam Enterprise, LLC, ARC Europe SA, and SOS International A/S.

Utilizing extensive research methods, Transparency Market Research presents an all-inclusive study on the global vehicle roadside assistance market, for the period 2019 to 2027. The report estimates that the global vehicle roadside assistance market is likely to register growth at 4% CAGR.

Europe to Emerge as a Prominent Region over the Forecast Timeframe, from 2019 to2027

The global vehicle roadside assistance market is segmented into the principal regions of North America, Latin America, the Middle East and Africa, Europe, and Asia Pacific. Considering region-based segmentation of the global vehicle roadside assistance market, it is likely that Asia Pacific is going to emerge as highly lucrative region during the timeframe of assessment, from 2019 to 2027.

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The vehicle roadside assistance market is likely to observe considerable growth in Europe as well. There has a substantial rise in sales and vehicle registrations in Europe. With the increased number of automotives plying on the road, more breakdown could be observed, which is likely to stimulate growth of the Europe vehicle roadside assistance market during the tenure of assessment.

Apart increased sales of vehicles, extremely cold climatic conditions coupled with easy availability of such services on the roads of Europe, it is likely that market will register robust growth in forthcoming years.

Rise in Aging Automotive Stimulates Growth of the Market

A considerable rise in the aging automotive, which is more likely to witness breakdown on the roadways is expected to support growth of the global vehicle roadside assistance market in forthcoming years. Aging vehicles are prone to witness frequent mechanical and electrical problems and are more likely to demand this service. Furthermore, use of an app-driven services leads to quick response and minimization of response period for assistance. Such app-based services are likely to accelerate demand for vehicle roadside assistance solutions.

Increase in production of vehicles has resulted in road collisions and traffic jams, which has led to increased government effort to offer these services. This factor is likely to support expansion of the size of the global vehicle roadside assistance market in foreseeable future.

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The information shared in this review is based on a TMR report, bearing the title, “Vehicle roadside assistance market (Service – Towing, Tire Replacement, Fuel Delivery, Jump Start/Pull Start, Lockout/ Replacement Key Service, Winch, Battery Assistance, and Trip Routing/ Navigational Assistance; Provider – Auto Manufacturer, Motor Insurance, Independent Warranty, and Automotive Clubs; Vehicle – Passenger Vehicle and Commercial Vehicle) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019 to 2027”.

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Roller Shutter Market Growth and Future Development Prospects Analyzed Forecast to 2026

According to a new research report by Transparency Market Research (TMR), a leading market research and intelligence firm, the global roller shutter market is reporting a significant increase in its valuation. The rising awareness regarding the benefits of roller shutters, such as insulation and additional security, among consumers is boosting the growth of this market. The increasing number of new households is fueling the demand for roller shutters across the world.

According to TMR, the global roller shutter market will proliferate at an impressive CAGR of 7.90% during the period from 2018 to 2026. The opportunity in this market is predicted to reach US$92.3 bn by the end of the forecast period. On the flip side, this market may witness a slowdown in growth over the coming years due to the high usage of colonial shutters. The advantages of colonial shutter, such as easy entry of bright light and reduced frequency of storms, limit the demand for roller shutters among consumers. Nonetheless, the increasing expenditure by several governments on improving infrastructure in emerging countries will balance the effects of these hindering factors in the long run.

Apart from this, the strengthening of economies is leading to increased spending on home renovation by owners, which is also expected to support the worldwide roller shutter market, states the research report.

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Europe Continues to Lead Global Roller shutter Market

In terms of the geography, the worldwide roller shutter market reports its presence mainly across North America, Europe, the Middle East and Africa, Latin America, and Asia Pacific. In 2016, Europe led the global market with a share of 43%. Researchers predict this regional market to remain on the top throughout the forecast period, thanks to the rising number of nuclear families, resulting in increased number of households.

Among other regional roller shutter markets, Asia Pacific is expected to witness a considerable rise in their market spaces. Swift urbanization and industrialization will propel the Asia Pacific market in the near future. With the increasing population, the need to build new homes in urban and rural setting is rising as well. The rapid commercialization is also expected to boost the Asia Pacific roller shutter market, reports the study.

Leading Players to Focus on Integrating Advance Features in Products

The global roller shutter market is witnessing a high level of competition between leading players. The presence of a large pool of players has kept the business landscape fragmented while the continued entry of new participants is adding significantly to the increasing level of competition. AM Group, Novoferm Gmbh, Assa Abloy Group, Alulux GmbH, Bunka Shutter Co. Ltd., Heroal, Ferco Seating Systems, and Hormann Group are some of the prominent players in this market. These companies are focusing on incorporating advanced features, noise protection and power saving, in their product products to improve their presence in the global market.

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Going forward, they are expected to shift their focus towards developing markets with untapped potential opportunities. They are also projected to engage more into strategic alliances with smaller players, boosting the market in the near future. Sanwa Holdings Corp., Stella Group, SKB Shutters, and Zurflüh-Feller are some other prominent players in this market.

The review is based on a report by Transparency Market Research, titled “Roller Shutter Market (Product Type – Built on Roller Shutter, Built in Roller Shutter, Integrated Roller Shutter, Roller Shutter with Tilted Laths; Fixation Type – Door, Window; Material Type – Wood, Synthetic, Metal, Glass; Operating System – Manual, Automated; Application – Residential, Commercial) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026.”

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Industrial Protective Footwear Market Demand Analysis, Growth Strategies and Business Opportunities 2020-2027

The global industrial protective footwear market is foreseen to expand at a steady CAGR of 4.1% from 2018 to 2027. By the end of 2027, the global industrial protective footwear market  is foreseen to reach around worth US$ 9,270.1 Mn. On the basis of volume, the market is prognosticated to expand at a CAGR of 5.5% within the forecast period from 2018 to 2027. The market is estimated to flourish with 163,013 ‘000 units by the end of 2027.

The major players in the market have implemented several strategies for example, & agreement, product launch, product development, and partnership business expansion. Among these, product launches held around 60% of the entire major strategies, whereas business expansion, partnerships, and product development collectively held around 40% of market strategies.

The major market players for example, Honeywell Safety Products, Rahman Group, Oftenrich Holdings Co. Ltd., Saina Corporation Co. Ltd., COFRA Holding AG, Jal Group, UVEX Safety Group, ELTEN GmbH, and Rock Fall Ltd., and VF Corporation improve the product portfolios by bringing in industrial protective footwear with upgraded quality for various applications. For example, a well known firm, Rock Fall Ltd. in 2016, came up with Melanite, designed for the facility management, uniform services, and security & patrol services.

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Although leather footwear segment accounted for the highest market share in 2015, plastic footwear segment is expected to witness the fastest growth rate during the forecast period. This is attributed to their resistance against low temperature, crack, UV radiation, and waterproof nature. North America is a significant personal protection equipment (PPE) market in the world. Industrial protective footwear or safety footwear is part of PPE.

Quick advancement in different businesses has expanded workforce globally. But, factory workers face poor working conditions, expanded work hours, and employment instability. This highly affects the development of the market. Stringent government directions with respect to work environment security have brought about surged demand of industrial protective footwear.

Developing security requirements for labors in manufacturing and development parts should drive the size of industrial wellbeing footwear market. These industrial protective footwear give insurance against different dangers including moving machines, introduction to chemicals, falling items, and electrical contact. These shoes are fabricated in consistence with safety footwear models incorporating ANSI in the U.S. which may propelled the business development.

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Growing Industrial Mortality in Chemicals to Propel Demand

Surged awareness towards security and health and labors alongside developing industrial fatality in chemicals, manufacturing parts and other development sectors inferable from absence of protection may propel the industrial healthcare footwear market development. These are intended to deflect and ensure slip resistance, foot fatigue, and give expanded help to the curve and impact point which are being fused in the footwear market, in this way stimulating the industry development.

The data and information presented is based on the findings of a TMR report, titled “Industrial Protective Footwear Market (Product Type – Shoes, Boots; Density – Single Density, Double Density; Material – Leather, Rubber, Plastic, PU; Gender – Male, Female, Unisex; Application – Construction, Manufacturing, Mining, Oil and Gas, Chemicals, Food, Pharmaceuticals, Transportation; End user – Individual, Corporate/ Industry; Distribution Channel – Online, Offline) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2027.”

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