Technology – Page 6 – Latest Market Trends

Automotive Robotics Market Projected To Reach Height of USD 13.6 Billion By 2025

The market is subject to witness a substantial growth due to the rising implementation of automation and robotics in the automotive sector.

The global Automotive Robotics Market size is expected to value at USD 13.6 billion by 2025. The market is subject to witness a substantial growth due to the rising implementation of automation and robotics in the automotive sector. Rising adoption of automation and robotics in manufacturing processes has changed overall outlook of the automotive industry since last few decades. Additionally, rise in initiatives taken by the regional governments to promote use of automation in manufacturing processes are likely to boost the sales of automotive robots. Such initiatives by regional government include tax exemptions and tax cut, thus reducing overall manufacturing cost and elevating the manufacturing opportunities for industry players across the globe. Such factors are anticipated to drive the growth of the market in upcoming years.

Globally, the automotive robotics market is predicted to grow at CAGR of 13.8% in forecast period, providing numerous opportunity for market players to invest for research and development in the market. Articulated robotics is one of the fastest growing segment in automotive robotics industry with highest revenue generation in recent years. Increasing adoption of articulated robot is credited to its numerous advantages such as flexibility and degree of freedom. Articulated robots are primarily used in application involving large-scale assembly line with six axes movement.

Some of these application include welding, material handling, dispensing and material separation. These robots are specifically designed to perform mundane tasks in a restricted time frame. Increasing number of application of automotive robots in industrial manufacturing processes is a key factor responsible for the growth of the automotive robotics industry.

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Increasing adoption of robotics in automotive industry is credited to rising application of robots in different aspects of the production line due to their large-scale work envelope. Latest trends involving increasing adoption of the robots for spot welding application is expected to propel growth of the automotive robotics market in coming years. Selective compliance assembly robot arm (SCARA) robots has witnessed higher CAGR in the automotive robotics industry during the forecast period. Wide range of application of SCARA robots include vertical assembly operations, loading and unloading of heavy work-pieces, transferring of components, and assembly.

Other types of robots like Cartesian, cylindrical and polar robots are majorly utilized in painting, and drop & pick operations with smaller payload capacity. While an assembly robot such as articulated robotics need smaller space for its operations, and work with high precision and speed.

Furthermore, adoption of the automotive robots in the vehicle manufacturing gives an organization multiple competitive advantages over other manufactures. Some of these advantages include superior quality, lower maintenance costs, higher capacity and superior performance with minimum human intervenes. Major application of the robots during vehicle manufacturing include spot welding and painting, also adoption of the robots during in the supply chain operations is on the rise.

Early adoption of the automotive robots in supply chain operation leads to minimum production delays. Automotive industries need to follow specific time frame during manufacturing processes coupled with process control at each step in the production line. Thus adoption of automotive robotics has become vital in recent years. Such factors are spurring the demand of automotive robots in recent years.

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The market is divided into regional market segment such 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 adoption of latest technologies and existence well-established industrial infrastructure. Asia-Pacific region is predicted to hold major market share in the automotive robotics market with massive growth in forecast period.

Countries such as Korea, China and Japan are leading the Asia-Pacific market with increase in the domestic manufacturing, rise in the adoption of robotics and numerous joint ventures with foreign companies. The key players in the automotive robotics industry are ABB Robotics, Fanuc Co., Denso Co., Kawasaki Heavy Industries Limited and Cisco Systems, Inc.

Market Segment:

Automotive Robotics Product Outlook (Revenue, USD Million, 2014 – 2025)
• Articulated
  • Cartesian
  • Cylindrical
  • Polar/Spherical
  • SCARA

Automotive Robotics Application Outlook (Revenue, USD Million, 2014 – 2025)
  • Assembly
  • Dispensing
  • Material Handling
  • Welding
  • Others

Automotive Robotics Regional Outlook (Revenue, USD Million, 2014 – 2025)
  • North America
• U.S.
  • Canada
  • Europe
  • Germany
  • France
  • UK
  • Asia Pacific
  • China
  • Japan
  • Korea
  • Taiwan
  • Latin America
  • Brazil
  • Mexico
  • Middle East & Africa

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Enterprise Governance, Risk And Compliance (eGRC) Market Is Burgeoning Worldwide By 2025

Enterprise governance, risk and compliance (eGRC) is an innovative and a multifaceted method where the concerns associated with risk management, compliance issues, and corporate governance, are combined, aligned and closely associated strategic activities with a direct influence on business.

Global Enterprise Governance, Risk and Compliance (eGRC) Market is anticipated to reach USD 64.61 billion by 2025. The eGRC market is anticipated to grow at a healthy rate in the years to come. Enterprise governance, risk and compliance (eGRC) is an innovative and a multifaceted method where the concerns associated with risk management, compliance issues, and corporate governance, are combined, aligned and closely associated strategic activities with a direct influence on business.

On the other hand, the factors that may hamper the growth of the market include low awareness level concerning the advantages of enterprise governance, risks, and compliance. Enterprise governance, risk and compliance (eGRC) industry is anticipated to grow at a significant CAGR of 12.8% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Enterprise governance, risk and compliance (eGRC) market may be explored by component, software, services, deployment model, organization size, usage, business functions, industry verticals and geography. The market may be explored by component as Service, and Software.

Enterprise governance, risk and compliance (eGRC) industry may be explored by software as Compliance management, Audit management, Risk management, Incident management, Policy management, and others (IT GRC, Business continuity management, issue management, and financial control management). The “Risk Management software” is anticipated to show a substantial growth during forthcoming period. Risk management solutions allow administrations to extract an improved image of their initiative risks.

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Enterprise governance, risk and compliance (eGRC) market may be explored by service as Integration, Consulting and training, and Support. The “Consulting and training” segment dominated the market in 2016 and is anticipated to maintain its dominance by 2024. Compliance management and enterprise governance are rapidly growing in response to progressions and changes in hiring, technology and personnel requirements, consumer demands and concerns, and business practices.

The market may be explored by deployment model as Cloud, and On-premises. The market may be explored by Organization size as Enterprises, and SMBs. The industry may be explored by usage as External, and Internal. The market may be explored by Business function as IT, Finance, Operations, and Legal.

Enterprise governance, risk and compliance (eGRC) industry may be explored by industry verticals as Transportation and logistics, BFSI, Government, Construction and engineering, Healthcare, Energy and utilities, Manufacturing, Retail and consumer goods, Mining and natural resources, Telecom and IT, Others (Media and entertainment, academia, tourism and hospitality, and oil and gas). The “BFSI” dominated the eGRC industry in 2016 and anticipated to maintain its dominance by 2025.

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North America accounted for the major share of the enterprise governance, risk and compliance (eGRC) market size in 2016 and will continue to lead in the forecast period due to factors such as increasing cyber-attacks across the region in the past few years. It has eventually enhanced the requirement for enterprise governance, compliance and risk management solutions. Furthermore, improved technologies such as Internet of Things, cloud software, and big data, has driven the development of eGRC solutions.

Some of the key players that fuel the growth of the enterprise governance, risk and compliance (eGRC) industry include SAS Institute, Inc., Modulo Security, LLC, EMC Corporation, Oracle Corporation, IBM Corporation, Microsoft Corporation,SAP SE, Maclear SA, Deloitte LLP, BWise BV, Fidelity National Information Services, Inc. (FIS), Software AG, Protiviti Inc, and Thomson Reuters Corporation. 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:

Enterprise Governance, Risk and Compliance Component Outlook (Revenue, USD Million, 2015 – 2025)
• Software
• Service

Enterprise Governance, Risk and Compliance Software Outlook (Revenue, USD Million, 2015 – 2025)
  • Audit Management
  • Compliance Management
  • Risk Management
  • Policy Management
  • Incident Management
  • Others

Enterprise Governance, Risk and Compliance Service Outlook (Revenue, USD Million, 2015 – 2025)
  • Integration
  • Consulting
  • Support

Enterprise Governance, Risk and Compliance Enterprise Type Outlook (Revenue, USD Million, 2015 – 2025)
• Small & Medium Enterprise (SME)
• Large Enterprise

Enterprise Governance, Risk and Compliance Vertical Outlook (Revenue, USD Million, 2015 – 2025)
  • BFSI
  • Construction & Engineering
  • Energy & Utilities
  • Government
  • Healthcare
  • Manufacturing
  • Retail & Consumer Goods
  • Telecom & IT
  • Transportation & Logistics
  • Others

Enterprise Governance, Risk and Compliance Regional Outlook (Revenue, USD Million, 2015 – 2025)
  • North America
• U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • Asia Pacific
  • China
  • India
  • Japan
  • Latin America
  • Brazil
  • Mexico
  • Middle East & Africa

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Trade Management Software Market Is Roaring Worldwide From 2021

“The Trade Management Software Market was appreciated by US$ 683.1 million in 2016. The trade management software industry on the source of Type of End Use could span Transportation & logistics, Manufacturing, Government, Retail, Healthcare, Energy.”

The Trade Management Software Market was appreciated by US$ 683.1 million in 2016. The trade management software industry on the source of Type of End Use could span Transportation & logistics, Manufacturing, Government, Retail, Healthcare, Energy. The subdivision of transportation and logistics had recorded the maximum implementation of trade management software in 2016. The development of the subdivision may be credited to increasing necessity for end-to-end discernibility into in-transportation consignments together with preserving a particular basis of record. The division is estimated to uphold its lead during the course of the prediction. The global Trade Management Software Market is estimated to develop ata CAGR of 8.9% for the duration of the prediction period.

The subdivision of manufacturing, carefully tracks the subdivision of transportation and logistics. By means of income, subdivision of retail is expected to mark the maximum CAGR for the duration of the prediction. Fluctuating concentration from only income generation to automatic processes, online documents, pipeline discernibility, and fulfillment of the customer are powering the implementation of trade management software in the subdivision.

The Trade Management Software industry on the source of Type of Placement could span Cloud, On-premise. The subdivision of on premise detained the most important stake in the trade management software market, during 2016. This might be credited to a huge number of establishments utilizing legacy arrangements to manage their business procedures. Worries about safety of data and integrity are too performing an energetic part in the acceptance of on premise resolutions.

The placement on cloud consist of Software-as-a-Service [SaaS] that permits essential administration of procedures and on-demand payment model that charges clients on the basis of amount of payments. Cloud placement offers a high level of working suppleness by lesser prices. It has been contributory in its increasing implementation between small and medium enterprises. Therefore, the subdivision is expected to development by an inspiring CAGR of 10.7% above the prediction period. The Trade Management Software industry on the source of Type of Component could span Software (Trade Financial Management Solutions, Trade Visibility & Execution Solutions, Compliance Solutions); and Services (Support & Maintenance, Consulting). By the source of components, the market has been divided into solutions and services.

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The subdivision of solutions has been additionally characterized into trade discernibility and implementation solutions, compliance solutions, and trade financial management solutions. The subdivision of solutions creates the foundation of helps for companies in the market, owing to which it appreciates the leading position by means of income. The services presented in the market frequently form the supplementary portion of the software and can be additionally distributed into consulting and support & maintenance. The subdivision of services is expected to display a CAGR of 10.1% above the prediction period.

The Trade Management Software market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage could span North America [U.S., Canada], Latin America [Brazil], Europe [Germany, U.K.], Asia Pacific [India, Japan, China], Middle East & Africa. By the source of geography, North America headed the market in 2016 and was expected to display the similar tendency above the prediction period. North America has appeared such as a business front-runner.

North America was tracked by Asia Pacific. It was responsible for nearby 26.1% stake of the entire market income in 2016. Rapidly increasing line of work, mostly in India, Japan and China, together with growing acceptance of cloud centered expertise is giving a fabulous helping hand to the provincial market. Growing fears about automatic following of inventory, filing, and recording by means of threat calculation and safety plans are increasing the implementation of trade management software in the area.

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The statement revises Trades in terms of intake of Trade Management Software in the market; particularly in North America, Europe, Asia Pacific, Latin America, Middle East and Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the Trade Management Software on the basis are Integration Point, Inc., Livingston International, Inc., Amber Road, Inc., MIQ Logistics, LLC, The Descartes Systems Group, Inc., SAP. Additional noticeable companies operating in the field are Questa Web Inc., Precision Software, Aptean Inc., Oracle Corporation, MIC Customs Solutions, QAD, Visual Compliance, Trade Lanes, MercuryGate International, WiseTech Global, MIC, BluJay Solutions, and Bamboo Rose.

Market Segment:

Trade Management Software Component Outlook (Revenue, USD Million, 2014 – 2025)
• Software
• Trade Visibility & Execution Solutions
• Compliance Solutions
• Trade Financial Management Solutions
• Services
• Consulting
• Support and Maintenance

Trade Management Software Deployment Scope (Revenue, USD Million, 2014 – 2025)
• On-premise
• Cloud

Trade Management Software End-use Scope (Revenue, USD Million, 2014 – 2025)
  • Energy
  • Government
  • Healthcare
  • Manufacturing
  • Retail
  • Transportation & logistics
  • Others

Trade Management Software Regional Outlook (Revenue, USD Million, 2014 – 2025)
  • North America
• U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • Asia Pacific
  • China
  • Japan
  • India
  • Latin America
  • Brazil
  • Middle East & Africa

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Water Treatment Systems Market Projected To Reach Height of USD 44.01 Billion By 2025

Rise in water pollution coupled with rise in population is expected to contribute to the market growth in the forecast period. Growing awareness regarding health among the young population is likely to act as a major driver for market growth.

The global Water Treatment Systems market is expected to cross USD 44.01 billion by 2025 and is anticipated to rise at a staggering CAGR of 7.1% during the forecast period. Rise in water pollution coupled with rise in population is expected to contribute to the market growth in the forecast period. Growing awareness regarding health among the young population is likely to act as a major driver for market growth. In addition, stringent regulations by government against water pollution is expected to fuel the market growth.

Water treatment systems market witnesses several opportunities in form of installation of water treatment systems in residential sectors. Government has now mandated commercial builders to design water treatment systems for new constructions. However, growing population, environmental issues arising due to water, growing prevalence of waterweeds, and unevenness in presence of water treatment systems is likely to create market hindrance in the forecast period upto 2025.

Water treatment methods such as rapid sand filtration, charcoal filter, solar disinfection, ceramic filter, desalination and boiling reduce the number of pathogens, but do not eliminate it entirely. Solar disinfection and boiling being effective are thus unrealistic for large quantity of water. On the other hand, chemical disinfection kills pathogens and the method is feasible with large volumes of water. Sodium hypochlorite and calcium hypochlorite are domestically used but active chlorine concentrations might differ and should stand relevant to calculate the proportion of chlorine to be added to the water.

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Large water supplies cater to commercial and industrial sectors and toxic water in form of liquid waste released by chemical industries treated in two-three levels before releasing into open spaces or rivers. In the other terms, the water demands for residential use may vary according to rainfall, catchment areas or any other reasons. Therefore, it is essential to choose carefully the equipment for water treatment.

Water treatment systems industry is segmented based on technology, device, application, and geography. “Technology” segment accounted for a major share in the global market due to proliferation and use of RO technology for water treating. Distillation technology stands at a second position in the market due to rise in water demands for personal and commercial use.

Geographical segmentation for water treatment systems market include North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North American water treatment systems market is likely to gain an astounding CAGR in the forecast period. Asia-Pacific’s water treatments systems market is estimated to rise at a higher CAGR in the forthcoming period owing to rise in environmental issues due to water pollution.

On the other hand, sink filters are in intense demand in the emerging economies. Water dispensers contribute largely to the APAC’s market growth. Middle Eastern and African market comparatively witnesses a moderate growth in water treatment systems owing to moderate awareness coupled with conventional techniques used for water treatment & distillation. The key players in the water treatment systems market include 3M, Philips, Pentair, Panasonic, Unilever, LG Electronics, EcoWater systems, A.O. Smith, Culligan International, and Amway.

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Market Segment:

Water Treatment Systems Installation Outlook (Volume, Million Units; Revenue, USD Billion, 2014 – 2025)
• Point of Use
• Point of Entry

Water Treatment Systems Technology Outlook (Volume, Million Units; Revenue, USD Billion, 2014 – 2025)
  • Reverse Osmosis systems
  • Distillation systems
  • Disinfection methods
  • Filtration methods

Water Treatment Systems Application Outlook (Volume, Million Units; Revenue, USD Billion, 2014 – 2025)
• Residential
• Non-residential

Water Treatment Systems Regional Outlook (Volume, Million Units; Revenue, USD Billion, 2014 – 2025)
  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • Russia
  • U.K.
  • Spain
  • Italy
  • Asia Pacific
  • China
  • Japan
  • South Korea
  • Australia
  • India
  • Central & South America
  • Brazil
  • Middle East and Africa
• UAE
  • Saudi Arabia

Continued………………

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Enterprise Content Management (ECM) Market Achieve Mildstone of USD 93.76 Billion

“The ECM market is subject to witness a substantial growth due to the ever growing demand to safeguard highly confidential information and allow high-level of operational efficiency.”

The global Enterprise content management (ECM) market size is expected to value USD 93.76 billion by 2025. The ECM market is subject to witness a substantial growth due to the ever growing demand to safeguard highly confidential information and allow high-level of operational efficiency. Moreover, numerous governmental schemes associated data security are further escalating the need for enterprise content management software, subsequently, driving growth of the market.

Soaring volumes of data on web server are heightening the importance of enterprise content management software to carry out business processes such as storage, management of data sets, and sharing of information through videos and audio clips, and are responsible for fueling the market value. Growing preference toward cloud services is substantially influencing the market size on global-scale. Globally, the enterprise content management (ECM) market is predicted to grow at a CAGR of 15.6% in forecast period, providing numerous opportunity for market players to invest for research and development in the enterprise content management market.

Multiple software providers are offering automated data security services that allows easy management to encrypt crucial data such as financial reports to avoid illegal access. Though, growing concerns related to the higher initial cost and maintenance cost in vendors is hampering progress of the enterprise content management industry. Lack of internet penetration mainly in emerging economies is also major obstacle for market growth.

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Enterprise content management (ECM) is responsible for reiterating the phrase of content management by supplementing specific a timeline at each level of enterprise content process that involves content creation, authorization and redistribution. Enterprise content management (ECM) consists of different techniques to import content for bringing latest set of items under the overall management processes and enable use of these of these items. The most important property of the enterprise content management (ECM) is that awareness about the kind of content is created and distributed along the way by keeping track of enterprises process at each level of operation. This completely sets it apart from conventional content management system.

Enterprise content management (ECM) allows to streamline the complete document lifecycle with the help of advanced document management and automation of workflows. It is suitable for number of file systems that includes office suites, image files, e-mail, and CAD i.e. computer aided designs. It becomes essential for any enterprise that is utilizing large volumes of content to carry a well-defined enterprise content management (ECM) system in order to completely eliminate operational incapacities, minimize operational cost and stick to regulatory terms and conditions.

Enterprise content management (ECM) systems are deliberately divided into five key components such as capture, manage, stock, reserve and distribute, to achieve enhanced performance level. Each component is responsible for the performing specific tasks as defined. The capture component is responsible for generating data by transforming simple on-paper information into a readable electronic format, while arranging obtained data into structured format. Also, manage component offers safe connection, modification and employing data set by means similar to data management, linked software, web-content management and records management.

The ECM industry is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in adoption of latest technologies and presence of prominent market players. Asia-Pacific region is predicted to hold major market share in the enterprise content management (ECM) industry with massive growth in forecast period.

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Countries such as India, China and Japan are leading the Asia-Pacific market with number of government initiatives for data privacy and security. Additionally, Latin America has shown substantial growth opportunities due to soaring implementation of enterprise content management by small and medium-sized enterprises (SMEs).The prominent players in the enterprise content management (ECM) market are IBM Inc., HP Enterprise, M-Files Co., Microsoft Co., New gen Software Solutions, Open Text Co., Oracle Co., and Xerox Co.

Market Segment:

Enterprise Content Management Component Outlook (Revenue, USD Million, 2014 – 2025)
• Solutions
• Services

Enterprise Content Management Deployment Outlook (Revenue, USD Million, 2014 – 2025)
• On-Premise
• Cloud

Enterprise Content Management Organization Type Outlook (Revenue, USD Million, 2014 – 2025)
• SMEs
• Large Enterprises

Enterprise Content Management Vertical Outlook (Revenue, USD Million, 2014 – 2025)
  • BFSI
  • Communication Media & Services
  • Retail
  • Manufacturing & Natural Resources
  • Transportation & Logistics
  • Government & Utilities
  • Others (Food & Beverages, Oil & Gas, Real Estate)

Enterprise Content Management Regional Outlook (Revenue, USD Million, 2014 – 2025)
  • North America
• U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • Asia Pacific
  • China
  • Japan
  • Middle East and Africa (MEA)
  • Latin America

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Machine Translation Market Hit Almost USD 983.3 Billion Figure By 2022

“Increasing quantity of website content, growing requirement for cost competence in translation, and the huge quantity of language knowledge demanded exceeds the capability of human translation, which consecutively is expected to propel the machine translation industry.”

The global Machine Translation market is anticipated to reach USD 983.3 million by 2022. Increasing quantity of website content, growing requirement for cost competence in translation, and the huge quantity of language knowledge demanded exceeds the capability of human translation, which consecutively is expected to propel the machine translation industry. Globalization increases the demand to deal with the linguistic variety of local audiences and web content. The fabrication of content generated online, increasing the importance of business in budding markets, and the demand for allowing worldwide collaboration amongst employees is likely to drive machine translation industry growth over the forecast period.

Machine translation price are far inferior to that of conventional human translation. It is also rapid than human translation. It is commonly utilized for soaring volume content that would or else take gigantic resources for translation, and this is likely to fuel the machine translation industry. Accessibility of free of charge translation engines and shortage of translation accuracy is expected to restrain market expansion over the forecast period. Main restraints for the machine translation industry are a shortage of quality, demand for expert skills and editing, opposition from free translation service provider, and complexity in estimation & measurement of quality. One of the major shifts budding in the market is the incorporation of the translation procedures in the project plan.

Many enterprises with a worldwide presence does not have a devoted multilingual website for reaching out to every region. This might obstruct their growth as various users globally might be capable to understand only in their inhabitant languages. Another major challenge obstructing the expansion of the industry over the forecast period is the creative marketing materials present in the market, which a machine is not able to grasp and demands human understanding for delivering & translation the definite meaning. This comprises certain legal documents and creative marketing content

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Consumers in the electronic market demands competent translation of document in direction to haste up time to market and publication processes. An electronics enterprise demands publishing to be completed in various languages to offer press releases, user manuals, for commercial, product launches and marketing catalogs. Machine translation service providers builds up customized engines for the customer in the electronics market that are well coincided with the industry’s particular terminologies and technological descriptions. The machine translation industry finds its functions in healthcare to enhance communication demands of physicians.

On the basis of application, the market can be segregated into automotive, medical, Electronics, healthcare, electronics, information technology, and others. On the basis of technologies, the market can be segregated into RBMT, SMT and others. The SMT (statistical machine translation) uses a model to create and analyse text in the aimed language in contrast to this RBMT (rule-based machine translation) uses linguistic rules over the sourced language, to create text in the aimed language. On the basis of the geographical region, this market can be segregated into North America, Asia Pacific, Europe and Middle east and Africa. North America is expected to capture maximum revenue over the forecast period. Machine translation is very effectual way of eradicating language barriers around various regions. The main factor responsible for the expansion of the North American machine translation industry is the growing number of government initiatives and service providers in the area.

The presence of a huge quantity of service providers has assisted them to boost market expansion in the U.S. Google, Microsoft, two of the greatest technology providers are based in the North America who have made SMT (statistical machine translation) technology admired with their online engines. Increasing Globalization and requirement to deal with different cultural groups have to lead to the increased recognition of translation technology in Asia Pacific. The increasing proliferation of smartphones and growing penetration of internet are likely to fuel machine translation market expansion in Asia Pacific over the forecast period. The demand to address various cultural groups and growing globalization is expected to fuel the expansion of the machine translation system in Asia Pacific. The main challenge of this market in Asia Pacific is the need for specialist skills, shortage of quality, complexity in measurement & estimation of quality, and increasing competition from free language conversion.

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Some of the key players in the market are SYSTRAN, Lionbridge, Lighthouse IP, Lingotek, Cloudwords Inc, SDL PLC and Moravia IT. This market is less fragmented but the competition is expected to increase over the forecast period. As the need for customization and personalization of machine, translator is going to increase over the forecast period, which in return will fuel the need for innovation in this market.

Market Segment:

Machine Translation Application Outlook (Revenue, USD Million, 2012 – 2022)
• Automotive
  • Military & Defense
  • Electronics
  • IT
  • Healthcare
  • Others

Machine Translation Technology Outlook (Revenue, USD Million, 2012 – 2022)
  • RBMT
  • SMT
  • Others

Machine Translation Regional Outlook (Revenue, USD Million, 2012 – 2022)
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

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Intelligent Transportation System (ITS) Market Will Accomplish Outstanding USD 66.5 Billion Figure By 2024

“Rising awareness of road safety and need to improve existing transportation performance are expected to be the key driving factor for market growth. High traffic congestion due to urbanization and increasing number of on road vehicles has contributed to the demand for advanced traffic management systems for public.”

The global Intelligent Transportation System (ITS) Market is anticipated to reach USD 66.5 billion by 2024. Rising awareness of road safety and need to improve existing transportation performance are expected to be the key driving factor for market growth. High traffic congestion due to urbanization and increasing number of on road vehicles has contributed to the demand for advanced traffic management systems for public. Consequent need for smart automobiles with public and private partnerships is forecasted to be a major growth opportunity for the intelligent transport system market. Various initiatives to deploy advanced traffic management systems such as vehicle to vehicle (V2V) and vehicle to infrastructure (V2I) communication is also expected to be witnessed as a key growth strategy.

Developed regions including North America and Europe have made the use of driver assistance system, electronic stability control (ESC) systems in commercial and passenger vehicles mandatory. Car manufacturers in both emerging and established economies are implementing these systems in their new car models to differentiate their products from the competitors. These factors are anticipated to drive the market growth in the foreseeable future. Intelligent transportation systems are expected to help improve the performance of supply chain process and yield high benefit to the organizations. Users can also reduce the costs through real-time transportation systems. On account of the above factors, transportation service providers have increased investment in this technology over the past few years.

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Investment across the intelligent transport system is expected to increase on account of high benefit cost ratio that strongly influences vehicle owners and government authorities to invest in this technology that includes vehicle to Infrastructure (V2I) communication, Vehicle to Vehicle (V2V) communication, mobility application and environment application. However, slow growth in infrastructure sector can act as a challenge to the market. Interoperability and standardization pose a major challenge for the market growth. Development of connection assurance systems is expected to be the top agenda of various nations. Achieving interoperability ensures that transport systems are not simply interconnected but that the boundaries between different networks are effective. Technical interoperability is achieved when different transport systems are linked in ways which effectively extend the network of services. Technical interoperability requires the various systems of physical infrastructure in different transport systems to interface efficiently. High cost of these systems can also be attributed as a major restraint to the market growth.

On the basis of product, intelligent transportation system can be segmented into Advanced Transportation Management Systems (ATMS), Advanced Transportation Pricing Systems (ATPS), Advanced Public Transportation Systems (APTS) and Advanced Traveler Information Systems (ATIS). ATMS is expected to be the largest market product segment since it provides enhanced management services which help in alleviation traffic congestion, pollution and also increases the efficiency of transportation operations. These systems are coupled with communications and sensors to ensure real time management. ATPS is estimated to witness high growth rate over the forecast period owing to its increased operations efficiency and overall transportation safety. These systems are widely used in automatic vehicle location systems, passenger information, and real time bus arrival notification systems.

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On the basis of applications, the intelligent transportation system can be classified into, environment protection, traffic management, public transport, freight management, automotive telematics, road safety and security, parking management and road user charging. Traffic management is expected to be the largest application segment in the market. ATMS is used in traffic management to enhance road network by reducing financial burden on regulatory authorities thereby decreasing the cost of investment in traffic congestion control. Environmental protection is anticipated to witness significant growth in the market over the forecast period owing to increase in environmental awareness coupled with various government initiatives to curb vehicle pollutant emissions.

Globally, North America is expected to have the largest market over the forecast period. Increasing demand for efficient transporting systems across various sectors including public, private and government regulations coupled with promotional activities for road safety. Asia Pacific is anticipated to witness the fastest growth owing to technological innovations that includes integrated handheld devices with sensors to enhance transportation networks. Emerging economies such as India and china are investing more in R&D and regulatory initiatives including wealth and welfare act and industrial safety that are expected to fuel the market growth in this region Major players operating in the ITS market include Thales Group, Garmin International Inc, TomTom International BV, Kapsch TrafficCom AG Q-Free ASA and Nuance Communication Inc. Other industry participants include denso corporation, savari, transcore and EFCON AG.

Key company strategies of the companies include innovation and product development with mergers and acquisitions. In addition, market players provide maintenance and construction services for large deployments of the technology. For instance, Thales group introduced employed signaling, communications and supervision solutions in railway transportation. Thales’ signaling system is based on electronic interlocking, field, Altrac ETCS level 1 as ATP train protection system, energy systems, hotbox detectors, cables and interfaces with existing signaling systems on adjacent lines.

Market Segment:

ITS Type Outlook (Revenue, USD Million, 2014 – 2024)
• ATIS
  • ATMS
  • ATPS
  • APTS
  • Cooperative vehicle system

ITS Application Outlook (Revenue, USD Million, 2014 – 2024)
  • Traffic management
  • Road safety and security
  • Freight management
  • Public transport
  • Environment protection
  • Automotive telematics
  • Parking management
  • Road user charging

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Atherectomy Devices Market Worth About USD 894.69 million By 2025

The global Atherectomy Devices market size was valued at USD 488.04 million in 2016 and is anticipated to reach USD 894.69 million by 2025, with CAGR of 6.97% over the forecast period.

The global Atherectomy Devices market size was valued at USD 488.04 million in 2016 and is anticipated to reach USD 894.69 million by 2025, with CAGR of 6.97% over the forecast period. Increase in prevalence of Peripheral artery disease (PAD) and Deep vein thrombosis (DVT) is expected to drive the market growth over the forecast period. Increase in aging population in the US and in economically developed countries resulting in high requirement of medical devices for chronic illness. This is expected to escalate the market growth of Atherectomy devices. Major factors such as rising life expectancy declining fertility rates play a major role in market growth in the foreseeable future.

Change in lifestyle trends and eating habits increase Consumption of cholesterol and fatty foods among individuals and lack of exercise which has been a major reason for coronary artery disease and high risk of heart attacks. Depending on the severity of the health issue atherectomy devices are used in the surgery by the doctors. Diabetes, high blood pressure, obesity and smoking causes the blood arteries to marrow and limit the blood supply to the heart. It is estimated that 382 billion people throughout the world have diabetes. Environmental factors such as foods, viruses, toxins and unbalanced work life play a role in development of diabetes. Growing number of patients with these vascular diseases are expected to proliferate the demand for atherectomy devices.

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Adopting advanced technology by using laser, ultraviolet radiation and recombinant issue technology and 3D image generation provides a better scope for the market. Added benefits such as minimal incisions, higher surgical restoration rate, low postoperative complications increase more patients opting for atherectomy devices. New technological advancements and the recent FDA approval of Two drug coated balloons are increasing atherectomy procedural volume and driving growth in the demand for atherectomy devices.

Recalls of medical devices has been a major issue in pharmaceutical industry. Every device should maintain the standard quality and safety measures set by the Food and Drug Administration (FDA). All the manufacturing firms should ensure that the products are safe and do not endanger the end consumer.

Athrectomy devices face a tough competition from Catheter (Tornus) which has been developed for chronic total occlusion recanalization. However, Catheter has a lower success rate of only 77% as compared to the traditional atherectomy devices with 95%. Tornus catheter is also associated with longer procedural duration time with 144 minutes versus the atherectomy devices 115 minutes.

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Lack of product differentiation forms a major challenge in the atherectomy market. Most companies trying to enter the market find it hard to overcome the product differentiation because they require high investment and lack resources to create products that can compete with the existing ones. High cost and limited awareness in certain regions of the world act as a restraint for the market growth.

Atherectomy technique is a popular substitute for stents and angioplasty treatments. In stents and angioplasty, the deposited plaque is pushed inside the blood vessel, however in atherectomy the plaque is removed by using surgical methods. The technique has advantages over the other methods by providing increased wound healing rate

The market has been classified on the basis of its device functions such as rotational, orbital, excimer laser, excisional, directional and Jetstream atherectomy. The largest share of the market is occupied by orbital and directional atherectomy due to minimal invasive treatment, blood flow restoration, reduction in procedure time and application in more complex cases. Market players are coming with better techniques and products to meet the requirement of the consumers.

The market is segmented on the basis of geography such as North America, Europe, Asia pacific. North America is the leading player in the market followed by Europe. Peripheral artery disease affects nearly 10 million people and around 720,000 die every year due to heart attack in US making it the potential market for the devices. Higher number of surgeries are being performed in US and Europe due to better awareness among people and also availability of resources making them the leading regions in the market.

Asia pacific can be a potential market for atherectomy devices since countries such as India and china possess the largest number of cardiac patients with an annual incidence of 7 million strokes. Tobacco consumption is rapidly increasing in south Asian countries in conjunction with economic expansion increasing their risk of artery diseases.

Reduction of abdominal obesity through lifestyle measures can improve all components of the metabolic syndrome and likely delay the development of both diabetes and atherosclerosis. Beyond lifestyle intervention, optimal management of risk factors to evidence-based targets is essential.

High awareness of health problems caused due to change in lifestyle and optimal management of risk factors can improve the metabolic syndrome and likely reduce the development of both diabetes and atherosclerosis and hence reducing the demand for the atherectomy devices.

The major companies of the market include Bayer AG, Cardiovascular systems, St. Jude medical, Boston scientific corporation, Abbott laboratories, C.R Bard Inc., Volcano Corporation. The competition in this market usually depends on the technology used in manufacturing of the devices and also the pricing strategies. Medtronic’s is leading competitor in peripheral atherectomy devices. Medtronic acquired Covedian in 2015 and is expected to remain in the leading position however it will face increasing competition from cardiovascular systems Inc.

Market Segmentation

Atherectomy Devices Type Outlook (Market Revenue in USD Million, 2014 – 2025)
• Directional atherectomy devices
• Rotational atherectomy devices
• Orbital atherectomy devices
• Laser atherectomy devices

Atherectomy Devices Regional Outlook (Market Revenue in USD Million, 2014 – 2025)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• China
• Japan
• Latin America
• Brazil
• Middle East and Africa
• South Africa

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Cardiovascular Information System Market Achieve Mildstone of USD 1.2 million By

Global Cardiovascular information system (CVIS) market is expected to grow in coming years owing to the increasing incidence rate of cardiovascular disorders thereby pushing the need for streamlining the cardiac care workflow systems.

The global Cardiovascular Information System (CVIS) market was valued at USD 616.7 million in 2015 and is anticipated to reach USD 1.2 billion by 2024. Global Cardiovascular information system (CVIS) market is expected to grow in coming years owing to the increasing incidence rate of cardiovascular disorders thereby pushing the need for streamlining the cardiac care workflow systems. Factor such as growing need to integrate CVIS with CPACS and EMR and other cardiology modules is anticipated to fuel the product segment. A cardiovascular information system is a data-driven system in which research material and clinical information software along with scientific advancement data are stored. It is a patient driven informatics obtained from ECG and EKG, Haemodynamic system and echo machines coupled with inventory, business analytics, and billing mechanisms. With reducing reimbursements, healthcare providers are striving to have a cost curbing solutions such as CVIS. However, the greater emphasis on EHR implementation and initial high cost of CVIS implementation are expected to be growth impeding factor during the forecast period.

The increasing need for ease to access data in numerous healthcare institutes for the fast and effective treatment of the patients in expected to stimulate the product demand over the next seven years. The amalgamation of reports, images, measurements and waveforms into the patient’s record assists to create an information management and enterprise medical imaging solution in a proficient manner. An integrated cardiac EMR in one database offers a single point of access to the historical and current cardiac information and images, including ECG and haemodynamic data. Customizable reporting tools for the electrophysiology labs and cath, vascular and echo departments, ECG department and nuclear cardiology department make it possible for users to quickly document and analyze care practices. Workplace quality web access to report completion and procedures enables users to carry out a variety of clinical care tasks from isolated locations.

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Cardiovascular information system aims to approve an advanced level of evidence-based proficient standards in cardiac recovery. The system is an integrated haemodynamic system which is data-driven patient informatics it is capable of storing all the information related to cardiovascular disease patient. For efficient recording and reporting patient information all the information is stored in CVIS. In addition, the business operations including business analytics and making bill which are conventionally managed by the separate computer system and can also be managed and stored by undertaking the system. Further, the product is also capable of providing dynamic reporting such as measurements, images, and informatics that are structured in a template design for reliable delivery and effectiveness of patient reports. With the implementation of CVIS cardiologists have observed a noteworthy reduction in report delivery time.

CVIS market is studied with respect to three different segments such as application, delivery mode, and component. CVIS industry by application is further segmented into echocardiography lab solutions, catheterization lab solutions, vascular lab solutions and ECG data management solutions. A component segment of CVIS market is studied with respect to hardware, services, and software. CVIS market by delivery mode is further classified into a web hosted, cloud-based and on premise market. CVIS acts as a single platform, single storage solution having single point entry to physicians, cardiologist administrators regardless of users location. Clinical benefits include accessibility of patient’s clinical history to the cardiologist prior to the procedures thereby nullifying the need of doctor leaving critical ill patient’s bedside. Business benefits of CVIS allow administrators to manage statistical reporting, inventory, billing and overall workflow in a live environment.

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Higher occurrence rate of cardiovascular diseases coupled with technological advancements are helping North American market to be most mature during the forecast period. The European market is expected to follow North American market. Asia pacific CVIS market is expected to experience a lucrative growth on account of rapidly improvising healthcare infrastructure, untapped opportunity and increasing penetration. The major participants operating in the cardiovascular information system market include Philips Healthcare, GE Healthcare, Siemens, McKesson Corporation, Cerner Corporation, Fujifilm Medical Systems, Digisonics, Agfa Healthcare and Merge Healthcare.

Market Segment:

Cardiovascular information system market, by system, 2014 – 2024 (USD Million)
• CVIS
• CPACS

Cardiovascular information system market, by mode of operation, 2014 – 2024 (USD Million)
  • Web-based
  • On-site
  • Cloud-based

Cardiovascular information system market, by region, 2014 – 2024 (USD Million)
  • North America
• U.S. Cardiovascular Information System, by Systems
  • Canada Cardiovascular Information System, by Systems
  • U.S. Cardiovascular Information System, by Mode of Operation
  • Canada Cardiovascular Information System, by Mode of Operation
  • Europe
  • U.K. Cardiovascular Information System, by Systems
  • Germany Cardiovascular Information System, by Systems
  • U.K. Cardiovascular Information System, by Mode of Operation
  • Germany Cardiovascular Information System, by Mode of Operation
  • Asia Pacific
  • China Cardiovascular Information System, by Systems
  • India Cardiovascular Information System, by Systems
  • China Cardiovascular Information System, by Mode of Operation
  • India Cardiovascular Information System, by Mode of Operation
  • Latin America
  • Brazil Cardiovascular Information System, by Systems
  • Mexico Cardiovascular Information System, by Systems
  • Brazil Cardiovascular Information System, by Mode of Operation
  • Mexico Cardiovascular Information System, by Mode of Operation
  • MEA
  • South Africa Cardiovascular Information System, by Systems
  • South Africa Cardiovascular Information System, by Mode of Operation

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Global Distribution Management Systems Market to Witness Huge Growth by 2024

“Distribution Management System(DMS) is an integrated solution of functionality intended to ably manage and organize whole distribution network. DMS increases smart grid consistency by improving safety and reducing number of outages as well. Superior DMS solution comprises real time monitoring, intelligent power, distribution management and system optimization.”

Distribution Management System(DMS) is an integrated solution of functionality intended to ably manage and organize whole distribution network. DMS increases smart grid consistency by improving safety and reducing number of outages as well. Superior DMS solution comprises real time monitoring, intelligent power, distribution management and system optimization. Distribution Management System application also includes volt/VAR control, planning and advanced forecasting function and FLISR. Distribution Management System application using SCADA and OMS are believed to be superior DMS.

A distribution automation system allows power companies to remotely observe and administer the allocation of power and has ability to increase reliability and offer better management of the power stations or substations or grids. It comprises of control and monitoring systems, data communication infrastructure and distribution automation field equipment. The implementation of Distribution Management System enables efficient management of outage, and also increase the competence of the power grid. For instance, when there is disturbance in the power grid from a conventional power system, a customer informs the service provider about the power disturbance or power shutdown. After which maintenance squad is send off to recognize and repair the trouble. Distribution Management System helps a power utility to predict system instability and act in response to it automatically. Distribution Management System necessitate the setting up of feeder-switching equipment such as fault detection circuit breakers, isolation, recovery technology, recloses and intelligent electronic devices, which have the ability to observe, quantify, manage, and correspond automatically. This assist to decrease the period taken to reinstate power and also decreases the amount of outages.

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The main drivers in this market are the augmentation in the amount of power shutdown. With the escalating requirement for energy, the occurrence of power turbulence and major power shutdowns happening around the globe is expected to pose main challenge over the forecast period for the Power industry, which can only be dealt with by implementing Distribution Management System in the power station. By utilization of distribution management equipment’s such as ring main units, volt-VAR controls, circuit breakers, fault management systems, safety management systems, isolators, load management applications, and station restoration technologies; power shutdowns and fluctuations can be abridged.

This demand for proper functioning of power stations, substations and grid is expected to fuel the growth of global distribution system over the forecast period. Utilities are getting older and their capacities are decreasing. As companies are under pressure to make utilities work efficiently to congregate the rising power demand. This is also expected to boost the demand for distribution management solutions over the forecast period. The automation and intelligence programs in Distribution Management System assist to obtain significant insights, which support operators in making quick decisions. On the basis of the functionality of grid, Distribution Management System can routinely correspond to the ground staff and tell them about the location facing issues.

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They help in making the grid more consistent by plummeting power shutdowns and outages. Some of the other factors that are expected to drive the market over the forecast period are demand for reduced long term operations and low maintenance cost coupled with demand for increasing system efficiency of power grids. The factors that are expected to pose challenge for the market over the forecast period are implementation timeframe, lack of standardization, high initial investment. These factors are responsible for holding back the expansion of Distribution Management System.

On the basis of product type Distribution Management System Market can be segregated into power, quality and efficiency devices, monitoring and control devices, and switching & power consistency equipments. On the basis of end-user Distribution Management System market can be segregated into commercial, industrial and residential segments. Industrial segment is expected to generate maximum share over the forecast period owing to increasing automation in energy allocation in the industries across the globe. Monitoring and control devices are expected to generate higher revenue over the forecast period owing to increasing demand of energy efficient power grids. On the basis of areas Global distribution market can be segregated into North America, Europe, Asia-Pacific and others. Asia-Pacific is expected to show rapid growth over the forecast period owing to increased urbanization in the countries like India and China.

Increase in the implementation of distribution automation, which makes a vital part of power distribution setups, is one of the chief development accountable for accelerating the expansion of the Distribution Management System market in the markets of Asia-Pacific. Global Distribution Management System Market comprises of many players some of them are General Electric Corporation, ABB Ltd, Schneider Electric, Edison Electric Institute, Dominion Virginia Power, Alstom Group, Siemens AG, Cooper Power Systems, American Electric Power and Duke Energy Corporation among others.

Continued………………..

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