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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Wireless Charging Market in revenues worth over US$ 27 billion

​As we head towards an era where wires won’t necessarily be a requisite for powering up devices, tech companies from around the world are intensifying their efforts towards production of advanced and immaculate wireless charging systems. Innovative technologies supporting the working mechanism of wireless charging devices is also piquing the curiosity of tech enthusiasts as well as common consumers. From green vehicles to smartphones, Persistence Market Research has published its research study on how wireless charging is spanning the globe as the next-gen mode of charging electric devices.

According to Persistence Market Research, the global market for wireless charging is currently valued over US$ 2.6 billion. By the end of 2024, revenues emanating from global sales of wireless charging devices & services will grow at an exponential CAGR of 34% and bring in revenues worth over US$ 27 billion.

The report further reveals the significance of components in driving the sales of wireless charging devices. Considering that wireless charging systems will eventually put an end to wired chargers, the components used in such systems will play an instrumental role in shaping up the future of wireless charging. Much like today, the feature of charging multiple devices at same time will continue to trend in the long run. In the global market for wireless charging, components used as power transmitters will garner a dominant position. In 2017 and beyond, transmitters are expected to account for more than three-fourth of global wireless charging revenues. Nevertheless, surplus power transmission will necessitate the use of advanced receiver components – revenues from which are projected soar at highest CAGR of 35.2%.

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Promising Future for Resonance Charging Technology

A key challenge faced by manufacturers of wireless charging systems hovers around the selection of suitable charging technology to assure compatibility with all electronic devices in the world. Availability of diverse electric devices brings uncertainty over expanding product portfolio of wireless charging systems. Research findings compiled in the report suggest that consumers of wireless charging devices are growing more inclined towards devices that use resonance charging technology. After accounting more than US$ 800 million revenues in 2016, the resonance charging technology will continue dominating the global wireless charging market by procuring nearly 40% value share through 2024. The global demand for inductive charging technology will incur a major downtrend, while revenues accounted by radio frequency (RF) charging technology will soar at nearly 40% CAGR during the projected period.

Growing Need for Wirelessly Charging Electric Vehicles

While every other wireless charging device sold in the world will be used for powering smartphones, tablets, laptops and other consumer electronics, the report projects a lucrative growth for automotive application of wireless charging systems. During the forecast period, revenues procured from sales of wireless charging devices in the global automotive industry will be elevated at a staggering 42.1% CAGR. Rampant sales of electric vehicles will be factoring this growth, making automotive the most favorable application of wireless charging. Additionally, complications and hazards arising from wired power cables in manufacturing plants will also propel the demand for wireless charging in industrial applications. Through 2024, more than US$ 5 billion worth of wireless charging devices are likely to be consumed by industries across the globe.

Additional Highlights of the Report include:

·Asia-Pacific will be the largest consumer of wireless charging systems in the world

·Sales of wireless charging devices in North America and Europe will procure more than 60% of global revenues throughout the forecast period

·Tech giant, Apple Inc., recently made the news for joining the Wireless Power Consortium (WPC) to be a part of the global organization that develops widely-used wireless charging standard for smartphones and other electronic devices

·The report has profiled similar tech companies that are partaking in the growth of global wireless charging market, which include – Qualcomm Technologies, Inc., Texas Instruments, Inc., Leggett & Platt, Inc., Energized Holdings, Inc., Integrated Device Technology, Inc., WiTricity Corporation, ConvenientPower HK Limited, PowerbyPoxi, and Powermat Technologies Ltd.

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Carbon Energy Software Market to Log 11.5% CAGR to 2022

​An increased emphasis on curbing energy usage will be the top driver for the global Carbon Energy Software Market. The growth of the market will only be accentuated by governments expecting greater compliance with norms related to carbon dioxide emissions. These factors will enable the global Carbon Energy Software Market to report a CAGR of 11.5% between 2014 and 2022, says Transparency Market Research in its latest report. The report is titled, ‘Carbon Energy Software Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2022.’ According to the findings of the report, the global Carbon Energy Software Market stood at US$369.7 mn in 2013.

The report, however, also cautions that companies in the global carbon energy software market will face restraints in the form of low awareness among consumers and the seemingly high cost of deploying carbon and energy software. However, some of these restraints can be mitigated if companies explore cloud-based solutions designed specifically for small and medium enterprises. For the purpose of this study, the market is segmented on the basis of deployment type, end-use industry, and geography. By the method of deployment, the Carbon Energy Software Market has been segmented into hosted and on-premise. With an impressive share of about 80% (by revenue), the on-premise Carbon Energy Software Market dominated in 2013. However, this trend will turn during the report’s forecast period considering the mounting popularity of hosted carbon and energy software. Thus, the market for the latter will catch on significantly over the next seven years.

Several acquisitions are expected to occur in the global Carbon Energy Software Market over the next few years essentially because many new companies are entering the market and existing firms are diversifying their portfolio to include carbon and energy software. Likewise, on the basis of end-use industry, the report segments the market into: energy and utilities, oil and gas, manufacturing, IT and telecommunications, and others. In 2013, the IT and telecommunications industry was the largest end-user in the Carbon Energy Software Market with a 30.0% share in revenue terms. The demand for carbon and energy software will exhibit continued growth in the IT and telecom industry. However, industries that are carbon intensive are poised to generate a higher demand for carbon and energy software in order to comply with new regulations.

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For a geographical perspective, the market is segmented into North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. While North America was at the forefront of the global Carbon Energy Software Market with a 33% share in 2013, the fastest rate of growth will be reported by the Asia Pacific region. There are several factors that currently tilt the balance in favor of the North America market, the most important one being a greater degree of environmental awareness among business enterprises here. The dynamics at play in the Europe Carbon Energy Software Market are similar to that of North America. The report notes that countries such as Australia, China, India, Chile, Argentina, and Brazil carry appreciable growth opportunities for the Carbon Energy Software Market.

Key players in the global Carbon Energy Software Market are: Intelex Technologies, Inc., CA Technologies, Inc., IBM Corporation, IHS, Inc., Enablon North America Corporation, Thinkstep AG (PE International), Enviance, Inc., Verisae, Inc., ProcessMAP Corporation, and SAP SE.

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Logistics Market to US$15.5 tn by the end of 2024

​The competitive landscape of the global logistics market has so far been highly fragmented, and is likely to stay this way, according to a research report released by Transparency Market Research. The four leading players in the market – Ceva Logistics, Deutsche Post DHL, FedEx, and UPS, Inc. – acquired only about 15% of the market in 2015. TMR also notes that the players in the market, from a global perspective, have been investing more into business expansions, product innovation, and physical locations expansion plans to stay ahead of the curve from local as well as other global competitors.

The global logistics market is set to expand to US$15.5 tn by the end of 2024, from its 2014 evaluation of US$8.1 tn in 2015, while expanding at a CAGR of 7.5% from 2015 to 2024. In terms of volume, the global logistics market is expected to expand at a CAGR of 6.0% for the same forecast period.

Road transport infrastructure dominated the global logistics market in 2015, taking up nearly 44.6% of the market’s overall revenue for the year, while waterways took up the leading share for the same years in terms of volume. Second-party logistics were the leading logistic model types used in 2015, for both value and volume, while first-party logistics are expected to expand at a leading rate for the report’s forecast period. Manufacturing was the dominant application over recent years, followed by retail. Asia Pacific dominated the global logistics market in 2015, while the logistics market in the collective RoW area is expected to expand at a leading CAGR for the given forecast period.

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Ecommerce Portals Provide Convenience to Customers and Business in Logistics

“The ecommerce industry and its prolific growth rate has had a massive impact on nearly all the industries associated with it. Online shopping is swiftly becoming a highly popular alternative for all consumer demographics, with convenience and variety being the top reasons. This has created an explosion of demand for faster, better, and more efficient logistics services,” states a TMR analyst. The key contributing factor to this scenario currently is the increasing number of consumers with access to high-speed internet which is a strong enabler for browsing online shopping portals.

Additionally, modern logistics are becoming increasingly consumer-centric, offering multiple advantages to their clients and their consumers, including operational cost reductions, better delivery performance through digital marking and storage of consumer portfolio, to generate better customer satisfaction ratings. This is also projected to continue supporting the growth of the global logistics market.

Companies Looking for Ways to Handle Growing Elderly Workforce

One of the increasingly prominent challenges currently faced by the players in the global logistics market is the increasing ratio of older employees in the chain than younger ones. Physical strength and speed are important for the appropriate functioning of a logistics chain, making it difficult for players to manage their increasingly elderly workforce. This is especially a more prominent scenario in developed economies, due to a generally higher elderly population in these regions. Other restraints experienced by the global logistics market include poor infrastructure in several emerging economies, lower unappealing wages to the younger prospective employees, low diversification, and poor adoption of technology in some nations.

However, organizations around the world are involved in initiatives aimed at training younger workers in different logistics services. A case in point would be the U.S Army’s Logistic Support Activity (LOGSA) workshop designed to train youth in logistics management. In addition, logistics companies are investing heavily in training, educating, and developing a younger workforce.

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Software Defined Security Market to Touch a Value of About US$ 2,700 Mn in 2022

​One of the major growth factor for the adoption of software defined security is the growing concern amongst the organizations using the virtual infrastructure and services of a cloud based system. The software defined security system is used by the enterprises to automate their network security management. Due to the growing usage of the cloud technology, many enterprises are demanding security solutions that are easy to manage, can be highly customized and provide security without the presence of any hardware. Software defined security provides all these facilities and in addition, it is also used to prevent data loss and identify and access management solutions. With the growing adoption of cloud based services and infrastructure, the adoption of software defined security solutions is also on the rise.

The global software defined security market is slated to touch a value of about US$ 3,800 Mn in the year 2022 and grow at a robust CAGR during the assessment period.

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4 Forecast Highlights on Global Software defined security Market

·As per the forecast of Persistence Market Research, the services component type segment is slated to touch a value of about US$ 1050 Mn in the year 2022. This represents a robust CAGR growth during the assessment period of 2017-2022. The services component type segment is estimated to account for nearly one-fourth of the revenue share of the component type segment by the year 2017 and is forecasted to gain market share by 2022 over 2017.

·As per the forecast of Persistence Market Research, the small and medium enterprise segment will reach a value of about US$ 640 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The small and medium enterprise segment is forecasted to account for more than one-fourth of the total revenue share of the end user segment by the end of the year 2017 and is expected to lose in market share by 2022 as compared with the year 2017.

·As per the forecast of Persistence Market Research, the network monitoring segment is slated to reach a value of nearly US$ 1,300 Mn in 2022. The network monitoring segment is expected to lose market share by the end of the year 2022. The largest share is contributed by the North America region in the network monitoring segment.

·Persistence Market Research forecasts the U.S. software defined security market to exhibit a compound annual growth rate (CAGR) of 7% from 2017 to 2022.

The report has also included the profiles of some of the leading companies in the software defined security market like Catbird, VMware, Inc., SAS Institute Inc., Fortinet, Cisco Systems, Inc., Symantec Corporation, Intel Corp., EMC Corp., Palo Alto Networks and Hewlett Packard Enterprise Company.

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