Surge Protection Devices Market to register a CAGR of 7.8% By 2027

​According to a recent research report published by Future Market Insights titled “Surge Protection Devices Market: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2027),” the global surge protection devices market was valued at US$ 2,046.4 Mn in 2016, and is expected to register a CAGR of 7.8% from 2017 to 2027. Surge protection device is a device or appliance that is designed to safeguard electrical devices from voltage surge. A surge protector tries to limit the supplied voltage to an electric device by either shorting it to ground or blocking any unwanted voltages above the safe threshold.

Global Surge Protection Devices Market: Dynamics

Increasing demand for surge arresters in locomotive applications and growing importance given to reduce the adverse impact of lightning are major factors driving the growth of the global surge protection devices market. However, lack of component level testing and a long warranty claiming process are factors restraining market revenue growth of the global surge protection devices market during the forecast period.

Global Surge Protection Devices Market: Forecast by Type

The global surge protection devices market is categorised on the basis of type, end-user and region. On the basis of type, the market is segmented as type 1, type 2 and type 3. The type 2 segment is anticipated to register the highest CAGR of 8.4% during the forecast period. While type 1 is anticipated to register a moderate CAGR of 7.1% with a market share of 32.9% in 2017.

Global Surge Protection Devices Market: Forecast by End-User

On the basis of end-user, the global surge protection devices market is segmented into industrial, commercial and residential. The revenue contribution from the commercial sector segment is anticipated to expand at a CAGR of 9.1% during the forecast period.

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Global Surge Protection Devices Market: Forecast by Region

This report also covers trends driving each segment and offers analysis and insights regarding the potential of the surge protection devices market in the key assessed regions of North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East and Africa. Among the regions, APEJ is projected to exhibit relatively high growth in the global market, registering a CAGR of 10.0% over the forecast period. Revenue from the surge protection devices market in Asia Pacific is expected to account for over 18.3% of the global surge protection devices market revenue in 2017. Surge protection devices providers can focus on expanding across several countries in the APAC and North America regions such as India, China and U.S.

Global Surge Protection Devices Market: Key Players

Key competitors covered in the global surge protection devices market report include Eaton Corporation, Schneider- electric. Co, Siemens AG, ABB Group, General Electric, Emerson Electric Co., Littelfuse, Inc. , Koninklikes Philips N.V, Rockwell Automation, Inc., and Honeywell International Inc.

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Cloud Deployment of Railways Management System Market to Gain Steadfast Traction

​For maintaining the operational efficiency of rail infrastructures, governments are actively focusing on optimisation trends. Railways management systems are being deployed across railway administrations across the globe. Travel time simulation, timetable management, driver mission management, and rolling stocks management are among the key trends influencing the adoption of railways management systems. In order to reduce the incidence of railway accidents and untimely departures & arrivals, authorities administrating the railway traffics are demanding real-time monitoring and tracking solutions, which are being facilitated by advanced railways management systems.

According to Future Market Insights, the global market for railways management systems is anticipated to expand vigorously in the upcoming years. By the end of 2022, the global railways management system market is poised to be worth nearly US$ 5 billion. The report offers an exclusive study on the global railways management system market, revealing key presumptive scenarios for market expansion. Over the forecast period, 2017-2022, the global market for railways management systems is expected to register a value CAGR of 10.4%.

North America to register higher adoption of railways management systems

The report has anticipated that North America will dominate the global railways management system market in terms of revenues. With a robust rail infrastructure in this region, a majority of freight and logistics operations in the US and Canada are carried out through railways. To keep up with the volatility of consumer marketplaces in North America, railway administration in this region is actively adopting railways management systems that boost the efficiency in arrival and departures of rolling stocks. By the end of 2022, the railways management system market in North America is pegged to be worth over US$ 1.7 billion.

The adoption of railways management systems in Asia-Pacific excluding Japan (APEJ) is also expected to gain considerable traction. Considering how efficient railway transportation has served as a mainstay for economic development in several APEJ countries, the railways management system market in this region is expected to expand at a robust CAGR during the forecast period. Europe’s railways management system market is also expected to showcase impressive growth in few years down the line.

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Cloud deployment of railways management systems to record a CAGR of 13.2%

With respect to adoption of railways management systems, traffic planning solutions and track management systems are anticipated to gain considerable traction. In 2017, revenues procured from adoption of these two solutions is estimated to account for over 40 percent of the overall value of global railways management system market. While majority of railways management systems are being deployed with on-premise models, the report estimates a promising growth in demand for cloud deployment. Through cloud deployment, around US$ 2 billion worth of railways management systems are anticipated to be adopted globally by the end of 2022. With cloud deployment, adoption of fully-integrated railways management systems will become less challenging. Cloud deployments models are also expected to facilitate integration of third-party subsystems.

For development of railways management systems, many companies are expected to focus on providing intelligent conflict detection modules. Several companies are also expected to develop distinct subsystems on railways management, which could be used to improve the performance of existing systems. The report has also profiled key developers of railways management systems in the global market. Companies namely, GAO RFID, Hitachi, Ltd., Amadeus IT Group, S.A, Cisco Systems, Inc., ABB Limited, IBM Corporation, Thales S.A., Toshiba Corporation, General Electric Co., and Huawei Technologies Co., Ltd. are expected to remain active in global expansion of railways management system market over the span of next five years.

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Smart Elevator Automation System Market to register a CAGR of 14.3% By 2027

​Future Market Insights presents interesting insights and a revised forecast of the global smart elevator automation system market in a new report titled “Smart Elevator Automation System Market: Global Industry Analysis & Opportunity Assessment 2017-2027.” The smart elevator automation system market includes elevators that are based on new technologies and uses new technologies such as card readers, biometrics, touch pads and other advanced security technologies. According to the report, the global smart elevator automation system market was valued at US$ 8,487.6 Mn in 2016, and is expected to register a CAGR of 14.3% from 2017 to 2027. Advancement in elevator technologies and increasing demand for eco-friendly elevators are major factors driving revenue growth of the global smart elevator automation system market. However, high cost and lack of awareness about the latest technologies are restraining the market growth of smart elevator automation systems at a global level.

Global Smart Elevator Automation System Market: Segmentation & Forecast

The global smart elevator automation system market is categorised on the basis of services, component, end-user and region. On the basis services, the market is segmented as installation service, repair & maintenance, modernisation. The installation service segment is anticipated to register a CAGR of 12.0% during the forecast period. On the basis of component, the global market is segmented into card reader, biometric, touch screen & keypad, security & control system, sensor motor & automation, and building management system. The revenue contribution from the building management system segment is anticipated to expand at a CAGR of 12.9% during the forecast period. On the basis of end-user, the global market is segmented into residential sector, commercial sector, hotels and others. The revenue contribution from the commercial sector segment is anticipated to expand at a CAGR of 11.5% during the forecast period.

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This report also covers trends driving each segment and offers analysis and insights regarding the potential of the smart elevator automation system market in regions including North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East and Africa. Among the regions, APEJ is projected to exhibit relatively high growth in the global market, registering a CAGR of 18.6% over the forecast period. Revenue from the smart elevator automation system market in Asia Pacific is estimated to account for over 15.4% of the global smart elevator automation system market revenue in 2017. Smart elevator automation system providers can focus on expanding across several countries in APAC and North America regions such as India, China and U.S.

Key Market Players

Key competitors in the smart elevator automation system market profiled in the report include Fujitec, Mitsubishi, Hitachi, Kone Corporation, Otis Elevator, Schindler, ThyssenKrupp Elevator, Tyco International, and Honeywell.

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Front Office BPO Services Market North America – Most Lucrative for Global

​Future Market Insights (FMI), in one of its recent research reports, has projected the global front office BPO services market to exhibit a CAGR of 7.4% throughout the forecast period (2017-2022). The global front office BPO services market is estimated to surpass US$ 200,000 Mn in revenues by 2022-end.

Shifting focus towards Non-voice Contact Centre Channel – A Key Trend

The global market for front office BPO services has experienced a significant expansion over the past few years. This can be primarily attributed to robust economic expansion worldwide, and surge in revenues from customer relations management, insurance, human resource, and finance & accounting. Outsourcers bring various competitive benefits, while aiming to tap into new businesses. Emergence of digital channel management capabilities, and the data protection provisions are one of the major trends being witnessed in the global front office BPO services market. In addition, shifting focus towards non-voice contact centre channels, and digitisation of the customer touch-points are other key trends being observed in the market.

Industries focusing on Expansion by Offshoring their Business Operations to Front Office BPO Services

Several predominant industries from various verticals such as healthcare & pharmaceuticals, BFSI, and manufacturing, are concentrating on expansion of their business, and gaining access to new markets by offshoring their operations to the front office BPO services. These industries are relocating their production base, and service delivery points closer to areas of their end-users. Offshoring the business operations helps industries in mitigating risks, as their business functions, which are difficult to control & manage, are handled by external companies, while realising their benefits.

A tremendous surge has been witnessed in the practice adopted by several industries in approaching front office BPO service providers to perform their business functions. Industries are able to save time, and labour & operational costs, with the help of front office BPO services.

These industries, having great expertise in development & design of their products, lack in bandwidth and access to resources when it comes to customer services. These are catered by front office BPO services, which by leverage their global knowledge base to access world class capabilities.

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Key Research Findings from FMI’s Report on Global Front Office BPO Services Market

·In terms of revenues, manufacturing will continue to be the most lucrative vertical in the global front office BPO services market. Revenues from manufacturing vertical are estimated to exceed US$ 40,000 Mn by 2022-end. In contrast, education will remain the least lucrative vertical for front office BPO services. Front office BPO services are projected to witness the fastest expansion in BFSI vertical through 2022, followed by healthcare and pharmaceuticals.

·On the basis of service type, customer management services are expected to remain dominant in the global front office BPO services market. Customer management services are projected to account for approximately two-third revenue share of the market over the forecast period. Document management services, on the other hand, will remain comparatively less lucrative than customer management services in the market.

·Asia-Pacific excluding Japan (APEJ) has been projected to register the fastest expansion in the market, with sales poised to reach nearly US$ 30,000 Mn in revenues by 2022-end. Middle East & Africa (MEA), and Japan will also witness an impressive expansion in the market through 2022. Although North America and Europe will register relatively lower CAGRs through 2022, these two regions are anticipated to remain the largest market for front office BPO services in terms of revenues.

Key players profiled in FMI’s report on the global front office BPO services market include TeleTech Holdings, Inc., Alliance Data Systems Corporation, Atento S.A., Ricoh USA, Inc., Williams Lea Limited, IBM Global Services, Sitel Worldwide Corporation, Convergys Corp., Hewlett Packard Enterprise Co., and Xerox Corporation.

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Advanced Analytics Market to reach approximately US$ 2,500 Mn in revenues by 2022

​Future Market Insights (FMI) has offered an exhaustive analysis on the global advanced analytics market, for the forecast period 2017 to 2022, in its one of the recent research reports. FMI’s report projects the global market for advanced analytics to reflect a steady 5.5% CAGR through 2022. Revenues from the global advanced analytics market will exceed US$ 13,500 Mn by 2022-end.

Advanced Analytics to Witness Huge Demand for Addressing Diverse Business Requirements

Adoption of advanced analytics solutions has witnessed a considerable surge over the recent past, with increased demand for addressing diverse business requirements. With increasing competition, businesses are focusing on rapid expansion for gaining higher market shares along with retaining their customers. These businesses require intelligence, which will help in predicting future scenarios, identifying opportunities, improving processes and anticipating problems. Advanced analytics helps in meeting all these business requirements by analysing structured as well as unstructured data.

A number of niche players are entering the market with the provision of advanced analytics solutions at a relatively lower costs, which in turn has fuelled the adoption of these solutions. In addition, several medium- and small-sized industries are now offering updated services & solutions to optimise business efficiency at low costs. The introduction of advanced analytics is helping various organisation in incorporating efficient techniques including big data analytics, location intelligence, and data mining. The organisations are able to extract valuable information, and make better business decisions.

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Key Takeaways from FMI’s Report on Global Advanced Analytics Market

·The global advanced analytics market is projected to witness the fastest expansion in North America, with sales estimated to reach approximately US$ 2,500 Mn in revenues by 2022-end. Enterprises in the region are increasingly adopting advanced analytics solutions for gaining insights on the available data, and identifying various industry trends. Asia-pacific excluding Japan (APEJ) and Europe are anticipated to follow the footsteps of North America in terms of CAGR through 2022. In addition, APEJ will remain the largest market for advanced analytics, in terms of revenues. Middle East & Africa will exhibit a sluggish expansion in the global advanced analytics market over the forecast period.

·Based on solutions, big data analytics and visual analytics are projected to register a parallel expansion in sales through 2022. Revenues from these solutions will collectively account for over one-third share of the market in 2017. However, sales of big data analytics and visual analytics will exhibit the lowest CAGRs in the market through 2022. Predictive analytics will register the highest CAGR in sales, to remain the most lucrative solution of advanced analytics over the forecast period. In addition, risk analytics will also discern a rapid expansion in its sales through 2022.

·Advanced analytics solutions are anticipated to experience the fastest sales expansion in retail & consumer goods industry, with sales poised to account for nearly US$ 3,000 Mn revenues by 2022-end. Government and healthcare industries are also projected to ride on a high CAGR in the market through 2022. In contrast, BFSI industry will register a relatively lower CAGR throughout the forecast period. However, BFSI will remain the most lucrative industry in the global advanced analytics market, in terms of revenues.

Vendors being Encourages to Integrate Analytics Solutions with Technically Advanced Features

Several enterprises in the market viewed advanced analytics to be an expensive technique. However, this perception is witnessing a rapid transformation, as enterprises are realising the advantages of analytics in developing market strategies that are customer-oriented. This is further encouraging vendors to integrate these solutions with technically advanced features. Key companies profiled by FMI’s report, who are actively contributing to expansion of the global market for advanced analytics, include CA Technologies, Oracle Corp., Teradata Corporation, Infor Inc., SAS Institute Inc., Microsoft Corp., Intel Corp., and IBM Corporation.

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GPS Tracker Market to be valued at US$ 3,482.3 Mn in 2027

​The global market for GPS trackers is witnessing a tremendous growth due to emergence of new applications that use the GPS trackers system. The market is also expected to witness continued revenue growth in traditional applications such as preventing valuables from theft. However, non-standard products will always be a concern in this market due to poor quality involved in tracking. According to new report published by Future Market Insights titled, “GPS Tracker Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027),” revenue from the global GPS tracker market is likely to be valued at US$ 3,482.3 Mn in 2027, expanding at the CAGR of 8.4% during the projected period. This high revenue growth is attributed to traditional applications of GPS trackers as well as the evolution of new applications in the market and emergence of niche players in the market.

Global GPS Tracker Market: Recommendations

·Governments should focus on launching more satellites to improve the accuracy of navigation and location detection provided by GPS trackers

·GPS Tracker manufacturers should focus on manufacturing high standard trackers and the non-standard trackers available in the market with poor quality should be banned

·Awareness among population and businesses should be increased considering all the potential advantages provided by GPS trackers

·For successful implementation of GPS Trackers in novel applications, proper R&D should be conducted

Global GPS Tracker Market: Forecast by Type

On the basis of type, the global GPS tracker market is segmented into standalone trackers, OBD trackers, and advance trackers. Although, advanced trackers segment is anticipated to exhibit high market attractiveness index over the forecast period, OBD trackers segment is expected to grab largest revenue share of 37.8% and 37% in 2017 and in 2027 respectively.

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Global GPS Tracker Market: Forecast by Industry

On the basis of industry, the global GPS tracker market is segmented into transportation and logistics, construction, government, defense, energy & utilities, healthcare, others (BFSI, Media and Entertainment, Telecom). In terms of value, Transportation and Logistics segment is projected to be the most attractive in the Global GPS Tracker market during the forecast period. Energy & Utilities segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 8.4% during the forecast period. In 2017, Transportation and Logistics segment is estimated to be valued at US$ 550.6 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.

Global GPS Tracker Market: Forecast by Application

On the basis of Application, the global GPS trackers market is segmented into fleet Management, asset Management, others (Pets wearable devices, wearable devices etc.). Fleet Management is not only anticipated to exhibit high market attractiveness index over the forecast period, but is also expected to capture largest market share of 56.3% in 2027. Asset Management is expected to register moderate Y-o-Y growth rate throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 7.3% during the forecast period.

Global GPS Tracker Market: Forecast by Region

Seven regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and MEA are included in this report. In terms of value, North America and APEJ are projected to be the most attractive regions in the Global GPS Tracker market during the forecast period. Western Europe market is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, Western Europe region is expected to expand at a CAGR of 8.5% during the forecast period. In 2017, the market in the North America is estimated to be valued at US$ 1067.6 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.

Global GPS Tracker Market: Key Players and Other Players

Some of the key players operating in the global GPS trackers market are Calamp Corporation, Sierra Wireless, Inc., Tomtom International Bv, Xirgo Technologies, Inc., Queclink Wireless Solutions Co.,Spy Tec International Inc., ATrack Technology, Inc., Maestro Wireless Solutions Limited, Ruptela. Other players functioning in this market are- Laipac Technology Inc, Rocky Mountain Tracking Inc., Amcrest Technologies Llc.

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Apac Gas Leak Detectors Market $ Opportunity Analysis by 2024

​Rapid adoption rate and growing preference for gas leak detectors will create lucrative market opportunities for manufacturers operating in the APEC region during the next eight years. Further, convenience of mobility coupled with ease of handling offered in latest gas leak detectors is expected to fuel their demand across various industrial domains” – PMR

Persistence Market Research (PMR) in its latest outlook titled “Gas Leak Detectors Market: APAC Industry Analysis and Forecast, 2016-2024,” projects that the gas leak detectors market in APAC is set to witness a pronounced growth, expanding at a CAGR of 5.9% in terms of value over the forecast period (2016-2024). The market is expected to be governed by trends such as development, adoption and use of advanced technologies such as Internet of Things (IoT) and artificial neural network technology, becoming more prevalent over the forecast period.

Market Overview

PMR’s report delivers key insights on APAC gas leak detectors market, which is foreseen to reach US$ 1,647 Million by the end of 2024. The market growth will be primarily driven by the expansion of key end user industries such as oil & gas, chemicals and petrochemicals. In addition, increasing natural gas exploration activities and setting up of numerous oil refineries in the region is projected to drive the market during the assessment period. Gas leak detectors are being rapidly installed in residential and commercial vicinities, which is further anticipated to influence the growth of APAC gas leak detectors market in the near future. Also, healthy penetration of emergency systems in ASEAN countries and India is translating into higher demand for gas leak detectors.

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Demand for Portable Gas Leak Detectors Expected to Gain Maximum Traction over 2024

Based on product type, portable gas leak detectors is expected to register the highest growth in terms of value, witnessing a 6.2% CAGR over the forecast period. The segment is set to gain around 130 basis points by the end of 2024.

On the basis of technology type, the electrochemical segment is projected to command for a significant value share of the market by closing end of the assessment period.

Due to a sturdy expansion of chemicals and petrochemical sectors, gas leak detectors will find broader application in such industries. Hence, the industrial application segment will grow steadily throughout the projected period.

APAC Gas Leak Detectors Market: Country Wise Projection

In 2015, China accounted for the predominant share of the market in terms of value attributed to the strong presence of major end use industries in the country. The market in Chine is expected to maintain its leading position throughout the forecast period. Meanwhile, markets in India and in ASEAN countries is anticipated to register stout growth. Japan will continue to be the second largest market for gas leak detectors in APAC region and is likely to witness a relatively slower growth over the same period.

Competitive Dashboard

Key stakeholders in APAC gas leak detectors market include Honeywell International, Inc., Emerson Electric Co., Thermo Fisher Scientific Inc., Drägerwerk AG & Co. KGaA, General Electric, MSA, United Technologies Corporation, Tyco International plc., Industrial Scientific, and New Cosmos Electric Co. Ltd. Most of these companies operating in the market are actively focusing on acquisition of relatively smaller local companies having certain novel product offerings in order to gain a competitive advantage in terms of market consolidation and product offerings.

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