Category: Technology

Cloud Based Storage Market Witness Huge Growth Owing To Rising Adoption of Online Depositories

Memory warehouse maintenance tasks, such as purchasing additional memory capacity, are offloaded to service providers they provide users with instant access to a broad range of resources and applications held in the infrastructure of organizations through web service interface which makes them a desirable choice.

What is a cloud based storage:

It is a prototype of data storage in which digital information is warehoused in rational pools. People and establishments purchase or lease memory warehouses in terms of volume from the providers to store application, user or organization data.

Memory warehouse maintenance tasks, such as purchasing additional memory capacity, are offloaded to service providers they provide users with instant access to a broad range of resources and applications held in the infrastructure of organizations through web service interface which makes them a desirable choice. Moreover, they also allow users to upload or retrieve their desired information from anywhere in the world at any time.

What is the future of cloud based storage:

The global cloud based storage market is anticipated to witness growth owing to rising adoption of online depositories by prominent companies to manage and store data efficiently at reduced costs.

Rapid adoption of online depository gateways and rising need to store unstructured information at minimum cost along with advanced solutions are the major market drivers of the industry. It serves various verticals such as manufacturing, logistics & transportation, telecommunication & IT, retail & consumer goods, media & entertainment, Banking Financial services and Insurance (BFSI), government, healthcare & life science, energy & utilities, and research & education which serve as an indicator of the promising growth prospects for the industry over the next seven years.

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Benefits of Cloud Based Storage:

It reduces the risk of unauthorized physical access to information which has lately increased its usage among SMBs, large enterprises and government bodies. The market can be segmented on the basis of solutions, applications and deployment models. Solutions are further segregated into primary, online gateway solution, backup solution and data movement and access storage solution. Cloud-based storage has applications in several domains including SharePoint, exchange, and manufacturing.

The private online warehouse facility provides a dedicated space to organizations, affirming security and control. Under the public online depository model, clients share the identical arrangement with restricted configuration, protection, safety, and availability variations. Online memory warehouse providers deliver economies of scale by using the same depository capacity to meet the needs of many organizations, passing the cost savings to their customer base, hence making it a revolution in making.

Hybrid online depository has gained prominence in recent years due to their features such as cost effective as well as security, which help enterprises to use it as per their need. SMEs benefit to a huge extent as it significantly diminishes information depository costs, increases efficiency, and safeguards easy access to information from anywhere and at any time.

Online depository of memory can be used for replicating virtual machine pictures from online depository to on-premises locations. In addition; it can be used to move virtual machine images between data centers or between user accounts. As a result of this, with rising digitization, it is expected to grow at a considerable rate over the forecast period.

The major challenge is the disclosure of personal information by certain erroneous means, faulty equipment, a bug, criminal intent or when information warehouse/network is shared with many other users/customers. It poses a threat to the privacy of an individual or a firm. However, creating proper service level agreements (SLAs) has helped in providing high end memory security.

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What are the top cloud service Comapanies:

The major market players are VMware, Box, Google, IBM, HP, Microsoft, Web Services, Fujitsu, RackSpace, and AT&T. The business online storage vendors include Amazon, JustCloud, OpenDrive, Egnyte, MozyPro, CrashPlan and Dropbox. Amazon offers workplaces a cloud based desktop that helps in network optimization with the help of Amazon Web Services.

Oracle has introduced three online storage services platform as a service, infrastructure as a service and software as a service. These services are expected to solve real business problems as well as accessible at any time, from anywhere with the help of a browser. Other new analytical services include Oracle SQL, Oracle big data cloud and Oracle Data Visualization Cloud Service.

The transmission of information from on premise boards to an online memory boards is expected to boost industry growth over the forecast period. New technological advancements such as virtual gateway applications designed for enterprises by major market players including Amazon and Microsoft and modern storage arrays along with gateway support features are expected to open new growth opportunities for the business.

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Batch Management Software Market Will Grow At A 7% By 2025

Batch management software market is expected to grow at a CAGR of over 7%. Rising demand for enhanced production and importance to quality is expected to drive the market growth over the period.

What is a Batch Management Software:

A batch file is a high-level executable written to run at the DOS (disk operating system) level. In turn, batch management software manages these files and when they are run. Batch applications are often run in business off hours or low-traffic hours. They typically update system information, generate system reports, or complete other non-interactive tasks at a system level. Batch management solutions help keep OS-level information up to date and help maintain OS-level functionality.

Future of Batch Management Software:

Batch management software market is expected to grow at a CAGR of over 7%. Rising demand for enhanced production and importance to quality is expected to drive the market growth over the period. Food and beverages, chemicals, Pharmaceutical and biotech industries are the major users of batch management systems. However this software is also significant in mining and metals, cement and glass, pulp and paper.

To maintain customer satisfaction and loyalty in order to reduce the risk of product recall is anticipated to drive the batch management software market. The growing importance of social media through which consumers can easily share their opinions and criticism regarding the quality of the product. This may affect the reputation of the company and can be an important differentiation in a very competitive market.

Increase importance of time to market is also expected to stimulate the demand for batch management software. In a time based competition, length of time taken from generation of an idea to the finished product is critical for a reduced production cycle time. By reducing the total time needed for a product to reach the market the consumers will be able to purchase it, thus making the company more profitable in a short span of time. Batch management software helps in reducing the time to market and reduce the speed to market for development of new products which is very efficient in pharmaceutical and biotech industries particularly.

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Maintaining the system would be a major restraint for the batch management software. One on staff expert or two can maintain a simple batch application, however it becomes difficult to manage the software or the codes with a single expert as the complexity increases .Non availability of skilled workforce can restraint the company to proceed with the processes. Batch manufacturers need to shift to more advanced batch applications to be more efficient and cost effective. They need to be more responsive to the consumer needs and produce products more economically.

Evolution of business system integration will help the batch management software products and their market size. Closer integration with business systems, implementing analytical technologies and use of different working models and workflow engines anticipate major changes that will shape batch management products.

Governments in developed economies are replacing custom batch solutions with other basic software. The manufacturers are enhancing the use of their systems while associating production by attempting to maintain product flexibility. There is a continuous growth in consumer goods and durables which leads to high demand for quality and variety increasing the implementation of Batch management software. Many of the manufacturing facilities have little to no automation infrastructure and are primarily operated manually. These factors enhance the deployment of BMS systems globally.

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Batch management software can be segmented on the basis of their functionalities which includes recipe management and execution, production scheduling, historian and reporting, quality management, resource and inventory management. Wonderware Inbatch is a control system independent batch management system introduced to deploy BMS to run new product recipes, reducing the time to market and recipe validation efforts in regulated industries.

What are the top Batch Management Software:

The major players in the market are pharmaceutical, biotech and chemical industries followed by food and beverage, pulp & paper, mining & metals, cement & glass. Geographically Batch management software market can be segmented as North America, Europe, and Asia pacific. The U.S. alone holds around 40% of the global pharmaceutical market, six out of the total eleven countries are based in the country. Increased requirements for standard solutions across many facilities globally, many suppliers are responding with improved technology, developed and user friendly tools which would provide greater visibility to the manufacturing operations.

Know How Development in IT sector changing consumer behaviour will lead to adoption of ERP software

What is ERP software:

“ERP is business management software that collect, stores, manage and interprets data from many business activities, thus allowing smooth flow of processes and better decision making and productivity. “

What is the future of ERP software:

ERP software market size was valued USD 27,648 millions globally. ERP system is a shared database that supports different business units. Integration of various functions in different business unit, transparency, and efficiency is predicted to drive the market over a forecast period. The need of streamlined processing in aerospace, defense, government utilities and industries will play a major role in market growth over a given period.

In Emerging economies such as Brazil, India and China the product will have great demand due to increasing number of SMEs. Development in IT sector, penetration of IT firms, and changing consumer behaviour in these regions will lead to adoption of ERP software over manual operations.

The inventory cost can be reduced 25% to 30% and raw material cost by 15% due to implementation of ERP in an organization. Low inventory cost and raw material cost will result in increased profits of firms, thus boosting demand for product in next seven years.

How consumer behaviour will lead to adoption of ERP software:

Proper management of database is required if the firm is in expansion phase. The key factors such as reduced production cost, increased operational efficiency and on-time product delivery is expected to augment product demand. In industrial sector, better supply chain, reduced complexity, better CRM and improved data access has facilitated the utilization of ERP software.

use of ERP software in financial sector accounted about 22% of market share. It maintains proper order and record of all activities in a reliable and precise way. Management of different financial activities such as asset management, investments, accounting and cash flow management with ease and simplicity is expected to increase demand.

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Human resource segment on the other hand also had a significant share in market due to expansion of different organizations in recent time. Expansion leads to increase in processes and complexity thus resulting in use of ERP software. Benefits such as automated process, enhanced information sharing and collaboration have helped in adoption of ERP software.

Continuous control and high data security in an organization are benefits provided by on-premise deployment model which is expected to drive the market.

The second largest market share in 2014 was of Cloud deployment and it is expected to maintain its dominance in next seven years. Major factors for its demand are low infrastructure requirement with its capability to tune with other devices such as tablets and mobile phones.

Manufacturing and services accounted 15% of market share. Operations such as tracking day-by-day performance, customer service and monitoring daily operations are guided by ERP software. The demand for product is expected to increase due its capabilities like ease of production scheduling, real time data tracking and inventory management. It will propel the growth in forecasted period.

In addition, due to adoption of IT infrastructure Government utilities also accounted significant market share. High adoption of ERP in Europe and North America is expected to drive market in coming period.

Continuous technological advancement in ERP software in association with presence of different players has helped its growth in North America and the region account for a share over 40% in ERP software market. Application of ERP along with mobiles phones is anticipated to drive market in next seven years.

What are the top ERP software companies?

Competitive Insights

The market is divided as there are different companies in market worldwide. Acquisition, innovation and new product development are key strategies opted by companies. IBM corporation, NetSuite Inc., Syspro, Unit4, Microsoft Corporation, Infor, SAP SE and Totvs S.A are key players in market.

In 2013, European Union claimed 26% of its enterprise use ERP which was 5% more as compared to 2010. Leading players such as Oracle, Unit4, SAP and Syspro will boom market.

Manufacturing sector is expanding and developing at a extreme rate in Asia pacific, this will result in increase demand for ERP. Government support and cooperation for implementation for ERP will help to propel market.

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Cyber Insurance Market Will Accomplish Outstanding US$ 19.2 billion Figure By 2025

The cyber insurance is likewise named as cyber liability insurance or else cyber risk insurance coverage.

In line with the report published by the authorities the scope of the global Cyber Insurance Market was priced at US$ 4.3 billion in 2018 and it is anticipated to touch US$ 19.2 billion by 2025. It is estimated to record a CAGR of 25.6% during the period of forecast.

The cyber insurance is likewise named as cyber liability insurance or else cyber risk insurance coverage. This is intended to assist the association to decrease the exposure to risk by way of counteracting the prices involved with retrieval from a breach of cybersecurity.

The maximum insured common risk is breach of data. Cyber insurance comprises security from legal actions associated with the breach of data for example technical lapses errors and oversights.

The technology has turned into an essential part of our lives particularly by way of the development in this specific segment. The technology has originated an extensive way, starting from computers to artificial intelligence. Furthermore, this development has caused to a number of terrorizations, cyber threats are amongst one. These days the modern insurance companies and banks have introduced Cyber security to altogether the Large, Small and Medium sized businesses. This market is on a budding phase, presently, but during the period of upcoming years it will gain its speed.

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Drivers:

One of the foremost reasons motivating the cyber insurance industry is the present susceptibilities in supply chain that can be abused by way of hackers. This has importantly augmented the previous challenges in the management of supply chain. Just in case of a breach in the delicate data of the supply chain, industries experience a reduction in sureness of the customer, smash in the prices of stock, consequences, and lawful overhead.

All over the world the businesses were the major objectives of an operation of cyber extortion. The ransomware was spread to some million systems in almost all nations of the world by way of developing a particular weakness inside the systems. This has been one of the maximum famous cyber disasters ever confronted. This attack affected segments for example healthcare and manufacturing. This kind of attacks are motivating the cyber insurance market, by way of companies taking actions for getting equipped for the imminent damages.

Restraints:

The cyber insurance industry is observing an interruptions in its development on account of unproductive risk valuation of cyber events that have given rise to corporeal impairment in the previous period and likewise owing to the greater priced premiums of an insurance. Additionally, the absence of understanding regarding the business and cyber insurance cause to sedentary decision creation from the management. This obstructs the development of the market for cyber insurance.

Classification:

The global cyber insurance market can be classified by Application, Organization, Service and Region. By Application, it can be classified as: IT & Telecom, BFSI, Retail, Manufacturing and Healthcare. By Organization, it can be classified as: Large Enterprise, Small & Medium Enterprises (SMEs). By Service, it can be classified as: Risk Consulting, Insurance, and Claim Service.

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Regional Lookout:

By Region the global cyber insurance industry can be classified as North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. In 2018, the North American market was responsible for the biggest share of revenue. The development of the province can be credited to the existence of noticeable companies for example Lockton Companies, Inc., The Chubb Corporation and American International Group, Inc. Additionally, increasing cognizance of cyber insurance between SMBs is likely to motivate the demand during the period of forecast.

Asia Pacific is estimated to develop by the maximum CAGR during the period of forecast. In developing nation state similar to China, India and Australia the cybercrimes are growing day by day. In the global economy, the growing prominence of Asian nation states has drawn attention of the government and forced these evolving financial prudence to increase their cybersecurity. This has fortified the providers of cyber insurance to possibly take advantage of the occasion by way of proposing policies for hazards and guaranteeing cyber products to build up security policies of businesses.

Companies:

The companies operating in the market are taking advantage of the developing online threat background and proposing essential resolutions to decrease the undesirable influence of cyberattacks. The prominent companies are evolving inventive methods to evaluate the cyber risk of the client because it would permit them in providing personalized terms and conditions in the insurance assistances.

The existence of inadequate recognized insurance suppliers upsurges the attractiveness of the market. Furthermore, increasing necessity for cybersecurity is expected to generate a considerable opening for insurers to upsurge the acceptance of cyber insurance and shape trust of the customer.

Some of the important companies for cyber insurance market are: Zurich Insurance Co. Ltd., Munich Re Group, Lockton Companies, Inc., Allianz Group, AON Plc, XL Group Ltd., The Chubb Corporation, and Berkshire Hathaway, American International Group, Inc.

Market Segment:

Cyber Insurance Organization Outlook (Revenue, USD Billion, 2015 – 2025)
    • SMB
    • Large Enterprise

Cyber Insurance Application Outlook (Revenue, USD Billion, 2015 – 2025)
    • BFS
    • Healthcare
    • IT & Telecom
    • Retail
    • Others

Cyber Insurance Regional Outlook (Revenue, USD Billion, 2015 – 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
    • Middle East & Africa

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What is an intelligent virtual assistant? What is future of intelligent virtual assistant?

What is an intelligent virtual assistant?

It is is an artificial intelligence system that emulates human interaction to perform particular tasks, like customer service. 

How intelligent virtual assistant Works?

The software uses a device’s microphone to receive voice requests while the voice output takes place at the speaker. Then this data is compared with a database of the software using an innovative algorithm to find a suitable answer

What is future of intelligent virtual assistant?

The global Intelligent Virtual Assistant (IVA) market was valued USD 1005.2 million in 2016 and is anticipated to grow at a CAGR of 36.7% during forecast period as the scope and its applications are rising enormously across the globe.

How intelligent virtual assistant is superior

Intelligent virtual assistants (IVA) are also termed, as a smart virtual assistant or intelligent personal assistant is a software that interacts with humans by understanding natural language voice commands and perform a task for a user. It understands information in written or spoken words.

“The factors that are playing a major role in the growth of intelligent virtual assistant industry are high demand for online self-service and self-reliance, cost-efficient service, rising use of smartphones, high demand for intelligent virtual assistant software in large enterprises and rising technological innovations.”
intelligent virtual assistant

The factors that are playing a major role in the growth of intelligent virtual assistant industry are high demand for online self-service and self-reliance, cost-efficient service, rising use of smartphones, high demand for intelligent virtual assistant software in large enterprises and rising technological innovations. However, lack of knowledge may restrain overall market growth in the years to come. IVA market is segmented based on type, service, application, end-user, and region.

Text-to-speech recognition and speech recognition are the types that are explored in intelligent virtual assistant (IVA) industry. Speech recognition sector accounted for the substantial market share of intelligent virtual assistant and is estimated to lead overall market in the years to come. Also, the sector is estimated to grow at highest CAGR in the years to come. The reason could be high demand among consumers as it makes easier to interact with smartphone and its application.

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Based on service type, marketing assistant, customer service, and others classify intelligent virtual assistant market. Marketing assistant sector accounted for the significant market share of intelligent virtual assistant and is estimated to lead overall market in the years to come.

The IVA industry is categorized based on applications like education, BFSI, healthcare, automotive, retail, IT & telecom, and others. BFSI sector accounted for substantial market share of intelligent virtual assistant and is estimated to lead overall market in the years to come. The reason could be it saves time and is easy to use. Also, automotive sector is estimated to grow at the fastest pace in the years to come.

Based on end-users, intelligent virtual assistant market is classified into individual user, small and medium enterprise (SME), large enterprise, and others. Large enterprises sector accounted for the significant market share of intelligent virtual assistant and is estimated to lead overall market in the years to come. Also, small and medium enterprise (SME) sector is estimated to grow at the fastest pace in the years to come.

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Globally, North America accounted for the substantial market share of intelligent virtual assistant and is estimated to lead overall market in the years to come. The reason behind overall market growth could be the rising use of enhanced technology, presence of developed IT infrastructure and key providers in the region, and high demand from the end-users. The United States is a major consumer of intelligent virtual assistant in the region.

Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of intelligent virtual assistant in this region.

The key players of intelligent virtual assistant (IVA) industry are Google LLC, Apple, Nuance Communications, Artificial Solutions, Microsoft Corporation, Facebook, Intel Corporation, Creative Virtual, IBM Corporation, and Oracle Corporation. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

Market Segment:

Type Outlook (Revenue, USD Million, 2014 – 2024)
    • Speech Recognition
    • Test-to-Speech Recognition

Service Outlook (Revenue, USD Million, 2014 – 2024)
    • Customer Service
    • Marketing Assistant

Application Outlook (Revenue, USD Million, 2014 – 2024)
    • BFSI
    • Automotive
    • IT & Telecom
    • Retail
    • Healthcare
    • Education
    • Others

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What is a Automated Dispensing Machines, its future & opportunities

Automatic pill dispenser machines are intended to dispense various pills autonomously according to the user-defined time and dose specifications.

What is a Automated Dispensing Machines:

Global automated dispensing machines market size is anticipated to reach USD 5.5 billion by 2024. Automatic pill dispenser machines are intended to dispense various pills autonomously according to the user-defined time and dose specifications. They support dispensing correct dose and medication, for the patients with composite medication regime and with untimely memory loss.

The factors that propel the growth of the automated dispensing machine market include a rise in incidence and occurrence of diseases, growth of the aged population, surge in the number of medications. On the other hand, there are factors that may hamper the growth of the market including the high installation cost of large automatic pill dispenser machines. Automated dispensing machines industry is anticipated to expand at a significant CAGR of 7% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Automated dispensing machines market could be explored by type, operation, application, and geography. The market could be explored by type as Decentralized Automated Dispensing Systems and Centralized Automated Dispensing Systems. The “Centralized automated dispensing systems” segment led the automated dispensing machine industry in 2016 and is anticipated to maintain its dominance by 2024. The key factors that could be attributed to the growth of market includes an increase in acceptance of automatic pill dispenser in hospitals and other health care services for an effective workflow.

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Future of Automated Dispensing Machines

The automated dispensing machine market could be explored based on the operation as Decentralized Pharmacy and Centralized Pharmacy. The key applications that could be explored in the automated dispensing machines industry include Retail Pharmacy, Hospital Pharmacy, and Home Healthcare. The “Hospital Pharmacy” segment led the market of automated dispensing machine in 2017 and is anticipated to maintain its dominance by 2024. The key factors that may be attributed to the growth of market includes an increase in the occurrence of trauma and diseases cases in hospitals.

North America accounted for the major market share of automated dispensing machines in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include growth in the prevalence of chronic and infectious diseases, the increase in a pool of the patient population, an increase in government investments for the development of improved healthcare services and R&D. North America is followed by Europe and Asia-Pacific region owing to the attention of key players in the developing economies and developments in healthcare infrastructure.

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Key Players of Automated Dispensing Machines

Some of the key players that fuel the growth of the automated dispensing machine industry comprise Dickinson and Company, Becton, Capsa Healthcare, Cerner Corporation, Omnicell Inc., McKesson Corporation, Baxter International Inc., Swiss log Holdings AG, ScriptPro LLC, Yuyama Co., Ltd. Talyst, Inc., Pearson Medical Technologies, Accu-Chart Plus Healthcare System, Illinois Tool Works, Meditech, Allscripts Healthcare Solutions, Inc., Optum Inc., and Constellation Software Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Market Segment:

Application outlook (Market revenue in USD Million, 2013 – 2024)
    • Outpatient
    • In-Patient

End-Use outlook (Market revenue in USD Million, 2013 – 2024)
    • Hospitals
    • Retail drug stores and pharmacies

Operation outlook (Market revenue in USD Million, 2013 – 2024)
    • Centralized pharmacies
    • Decentralized pharmacies

Regional outlook (Market revenue in USD Million, 2013 – 2024)
    • North America
        • U.S.
        • Canada
    • Europe
        • UK
        • Germany
    • Asia Pacific
        • Japan
        • China
    • Latin America
        • Brazil
        • Mexico
    • Middle East and Africa
        • South Africa

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Building Integrated Photovoltaics (BIPV) Market Is Burgeoning Worldwide By 2025

BIPV is a photovoltaic component that is used to replace conventional building materials, mainly in building features like skylights, facades, or roof, and provide solar power for the building.

Global Building Integrated Photovoltaics (BIPV) Market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. BIPV is a photovoltaic component that is used to replace conventional building materials, mainly in building features like skylights, facades, or roof, and provide solar power for the building.

The factors that are playing a major role in the growth of the BIPV market are government initiative in the form of regulation and funding, energy efficacy, and enhanced aesthetics. However, lack of expertise, high investment, and building codes are the factors that could restrain overall market growth in the years to come. Building integrated photovoltaics market is segmented based on product type, technology, application, and region.

Windows, roofing, facades, glazing, glass, shading, wall integrated solution, and cladding are the product types that could be explored in BIPV in the forecast period. Based on technology, thin film and crystalline silicon technologies could classify BIPV in the forecast period. Thin film technology is sub-segmented into organic photovoltaic (OPV), amorphous silicon, dye-sensitized solar cells (DSSCs), copper indium gallium selenide (CIGS), and cadmium telluride (CdTe). Whereas, crystalline silicon technology is sub-segmented into multicrystalline and monocrystalline silicon.

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The thin film technology sector accounted for the substantial market share of BIPV industry and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be its aesthetic factor, physical flexibility, and low in cost. The market may be categorized based on applications like commercial buildings, industrial buildings, residential buildings, and others that could be explored in the forecast period.

Globally, North America accounted for the substantial market share of BIPV and is estimated to lead the overall market in the years to come. The reason could be developed infrastructure and the presence of key manufacturers in this region. The United States is a major consumer of BIPV in the region. Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share.

However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The aspects that could be ascribed to the growth comprise the increasing use of integrated photovoltaics for energy generation, rising acceptance of solar energy, growing disposable income, and growing demand from the construction sector. The developing countries like India and China are the major consumers of BIPV in this region.

The key players of the BIPV market are Suntech Power, Scheuten Solar, Dow Solar, and Würth Solar. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

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Technology Outlook (Revenue, USD Million, 2013 – 2024)
    • Crystalline Silicon (C-Si)
    • Thin Film
    • Others

Application Outlook (Revenue, USD Million, 2013 – 2024)
    • Roofs
    • Walls
    • Glass
    • Facade
    • Others

End-Use Outlook (Revenue, USD Million, 2013 – 2024)
    • Industrial
    • Commercial
    • Residential

Regional Outlook (Revenue, USD Million, 2013 – 2024)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • UK
    • Asia Pacific
        • China
        • India
    • Latin America
    • Middle East & Africa

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4K Set-top Box (STB) Market Hit Almost USD 7.18 billion Figure By 2025

he 4K set-top box (STB) is also termed as 4K set-top unit (STU). It is a device that takes TV viewing to an unimaginable level by giving an outstanding image clarity, photographic emulsion of smoothness, and greater texture.

Global 4K set-top box (STB) market is expected to reach USD 7.18 billion by 2024. The 4K set-top box (STB) is also termed as 4K set-top unit (STU). It is a device that takes TV viewing to an unimaginable level by giving an outstanding image clarity, photographic emulsion of smoothness, and greater texture. The 4K set-top box market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.

The factors that are playing a major role in the growth of 4K set top box (STB) market are rising consumers’ inclination toward ultra-high definition video, high demand for media-rich home entertainment services, governments’ initiatives toward digitization, and compulsory installation of set-top boxes program. However, the high cost of HD and SD STBs and lack of availability of high-speed broadband internet in emerging countries are the factors that may restrain overall market growth in the years to come.

The 4K set top box market is segmented based on product type, technology, and region. Cable STBs, hybrid STBs, IP STBs, Satellite STBs, and the other product types could be explored in 4K set-top box (STB) in the forecast period. Satellite STBs sector accounted for the substantial market share of 4K set-top box (STB) and is estimated to lead the overall market in the years to come. Also, hybrid STBs sector is estimated to grow at the fastest pace in the years to come.

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Based on technology, direct terrestrial transmission (DTT), over the top (OTT), internet protocol television (IPTV), and others could classify 4K set-top box (STB) in the forecast period. Internet protocol television (IPTV) sector accounted for the substantial market share of 4K set-top box (STB) and is estimated to lead the overall market in the years to come. The reason could be the growth in broadband penetration.

Globally, Asia Pacific accounted for the substantial market share of 4K set-top box (STB) and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be rising demand from higher economic class, government initiative of digitization in the region, and decreasing the cost of STB devices and ultra HD televisions. The developing countries like India and China are the major consumers of 4K set-top box (STB) in this region. Also, the region is estimated to grow at the highest CAGR in this region.

North America is estimated to grow at the fastest pace in the years to come. The reason behind the overall market growth could be enhanced features offered to customers, the surge in IPTV devices, and the presence of high-speed network infrastructure. The United States and Canada are the major consumers of 4K set-top box (STB) in this region.

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The key players of 4K set-top box (STB) industry are ZTE Corporation, Infomir LLC., Vestel Company, Roku Inc., Technicolor SA, Sagemcom, Inspur Information Technology Company, Amazon, Humax Consumer Electronics Company, Arion Technology, and EchoStar Corporation. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

Market Segment:

4K Set-top Box (STB) Product Outlook (Volume, Thousand Units; Revenue, USD Billion, 2013 – 2024)
    • IPTV
    • Satellite
    • DTT
    • OTT
    • Hybrid

4KSet Top Box (STB) Regional Outlook (Volume, Thousand Units; Revenue, USD Billion, 2013 – 2024)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • UK
    • Asia Pacific
        • India
        • China
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • MEA

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Super Resolution Microscopes Market Will Secure Nearly USD 4.8 billion With New Growth Opportunities

Super-resolution microscopy implies images to be taken with a higher resolution than the one imposed by the diffraction limit. The factors that propel the growth of the super-resolution microscopes market include rising government and private initiatives, growing R&D funding, and increase in the usage rates of high-resolution microscopes.

Global Super Resolution Microscopes Market is anticipated to reach USD 4.8 billion by 2022. Super-resolution microscopy implies images to be taken with a higher resolution than the one imposed by the diffraction limit. The factors that propel the growth of the super-resolution microscopes market include rising government and private initiatives, growing R&D funding, and increase in the usage rates of high-resolution microscopes. On the other hand, there are factors that may hamper the growth of the market including high investment cost. Super resolution microscopes industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Super resolution microscope market may be explored by product type, application, and geography. The market may be explored by product type as Structured-Illumination Microscopy (SSIM), Stochastic Optical Reconstruction Microscopy (STORM), Stimulated Emission Depletion Microscopy (STED), Photoactivated Localization Microscopy (PALM) and Fluorescence Photoactivation Localization Microscopy (FPALM).

The “Stimulated Emission Depletion Microscopy (STED)” segment led the super resolution microscopes industry in 2015 and is anticipated to maintain its dominance by 2022. The key factors that may attributed to the growth of the market include growing research and development activities in the field and rising demand.

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The key applications that could be explored in the super resolution microscopes market include Life Science, Nanotechnology, Semi-Conductor and Academia and Research labs. The “Life Science-Based Super-Resolution Microscopes” segment led the super-resolution microscopes industry in 2015 and is anticipated to maintain its dominance by 2022. The key factor that may be attributed to the growth of market includes the growth of the electronic component industry.

Asia-Pacific accounted for the major market share of the super resolution microscopes in 2014 and will continue to lead in the forecast period. The factors that could be attributed to the growth include applications in the field of semiconductor and life sciences, installation of infrastructure in the developing countries and aging infrastructure in the established countries. Asia-Pacific is followed by the North American region owing to growing research and development expenditure and surge in the number of funding programs in the countries.

Some of the key players that fuel the growth of the super resolution microscope industry comprise Pico Quant group, Leica Microsystems, Carl Zeiss AG, Olympus Corporation, Nikon Corporation, Bruker Corporation and GE Life Sciences. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Super Resolution Microscopes Product Outlook (Revenue, USD Million, 2012 – 2022)
    • Stimulated Emission Depletion Microscopy (STED)
    • Structured-Illumination Microscopy (SSIM)
    • Stochastic Optical Reconstruction Microscopy (STORM)
    • Fluorescence Photoactivation Localization Microscopy (FPALM)
    • Photoactivated Localization Microscopy (PALM)

Super Resolution Microscopes Application Outlook (Revenue, USD Million, 2012 – 2022)
    • Nanotechnology
    • Life Science
    • Research labs and Academia
    • Semi Conductor

Super Resolution Microscopes Regional Outlook (Revenue, USD Million, 2012 – 2022)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • France
        • Spain
    • Asia Pacific
        • Japan
        • China
    • Latin America
        • Brazil
        • Mexico
    • Middle East and Africa (MEA)
        • South Africa

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Refinery Catalyst Market Is Burgeoning Worldwide By 2025

The global Polyurethane Dispersion (PUD) Market size is expected to value at USD 1.6 billion by 2022. The market is subject to witness a substantial growth due to the robust growth in various verticals such as buildings & construction industry, automotive sector, packaging industry, textile and leather industry. Rising demand for leather and textile products from Asia Pacific and North America region are expected to augment market demand for polyurethane dispersion (PUD) over the next seven years. Globally, the polyurethane dispersion (PUD) market is predicted to grow at CAGR of 5.9% in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.

Rapid growth of automotive sector in the Asia Pacific and South-Central America region is one of the major contributing growth factor. Increase in manufacturing of vehicles owing to lower manufacturing cost are anticipated to fuel market demand for polyurethane dispersion (PUD) products. Favorable government initiatives and policies to promote use of polyurethane dispersion (PUD) are expected to offer lucrative growth opportunities for industry participants in the upcoming years. Recent technological advancements in the automotive industry coupled with development of innovative products such as waterborne polyurethane dispersion (PUD) and hot melts coating are anticipated to foster the market growth.

Waterborne polyurethane dispersions (PUDs) coatings and adhesives are water soluble in the nature are commonly preferred over solvent-based polyurethane dispersion (PUD) adhesives due to their eco-friendly nature. Stringent laws & regulation associated with the use of volatile organic compounds (VOCs) that generates hazardous air pollutants (HAPs) are expected to drive the market demand for polyurethane dispersions (PUDs) coatings and adhesives for various industrial as well as commercial applications.

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Polyurethane dispersions (PUDs) coatings and adhesives exhibit properties such as stability, flexibility, easy to use and solubility. Development of ambient-cured (air dried) or baked coatings that are highly flexible with rigid substrates, which are used for production of flooring elements, fabric, leather, metal, plastics and paper. These factors are anticipated to stimulate the growth of polyurethane dispersion (PUD) industry over the forecast period. In addition, polyurethane dispersions (PUDs) are commonly used as graphic art inks, adhesives for shoes and textiles and leather coats. Methylene diphenyl di-isocyanate (MDI), Toluene di-isocyanate (TDI) and polyols are raw materials that are used for manufacturing polyurethane dispersions (PUDs). Volatility in the cost of raw material prices is considered as one of the major challenge faced by polyurethane dispersion market, in the recent years.

The polyurethane dispersion (PUD) industry is broadly categorized into two major segments based on the product type such as water based polyurethane dispersion (PUD) adhesives and solvent-based polyurethane dispersion (PUD) adhesives. The water-based polyurethane dispersion (PUD) adhesives is considered as one of the fastest growing segment in the PUD market with substantial revenue generation in the last few years.

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Growing popularity of the water based polyurethane dispersion (PUD) adhesives segment is attributed to the favorable regulatory norms and rising consummation. The solvent-based polyurethane dispersion (PUD) adhesives segment has witnessed a steady growth due to the increase in consummation of water-based polyurethane dispersion (PUD) adhesives due to their eco-friendly nature.

The PUD industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in the buildings & construction industry, automotive sector, and packaging industry, and existence of well-established infrastructure. Asia-Pacific region is predicted to hold major market share in the polyurethane dispersion (PUD) with massive growth in forecast period.

Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth in the region, rapid urbanization, substantial growth in various end-user industries, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the polyurethane dispersion industry are Alberdingk Boley, Inc., BASF S.E., Cytec Industries, Inc., Covestro, Chemtura Co., Dow Chemical Company Pvt., Ltd., Hauthaway Co., Mitsui Chemicals, Inc., and Lubrizol Co.

Market Segment:

PUD Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)
    • Water-based dispersions
    • Solvent-based dispersions

PUD Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)
    • Textile Finishing
    • Natural Leather Finishing
    • Synthetic Leather
    • Others

PUD Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)
    • North America
    • Europe
    • Asia Pacific
    • Central & South America
    • Middle East & Africa

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