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Covid-19 Impact on Window Films Market Opportunities And Strategies To 2024

Global Talent Management Software Market is anticipated to reach USD 24.03 billion by 2025. Talent Management Software (TMS) is a technology that human resource management experts use to record employee’s lifecycle that includes development, strategic hiring, and performance management. The factors that propel the growth of the Talent Management Software Market include development in automation, extensive research and development activities, rising need for cloud-based talent management software, and surge in the e-learning market.

On the other hand, there are factors that may hamper the growth of the market including budget limitations and lack of awareness. Talent Management Software 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. HR experts need to rethink the way they manage the rising number of laborers shifting to freelance and contract modes of employment. HR-tech will prove to be important in order to assist workers, maintain networks across boundaries, help managers lead their teams, and drive association.

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Talent management software industry may be explored by deployment, verticals, organization size, and geography. The market may be explored by deployment as Cloud and On-premise. The “Cloud-Based Services” segment led the talent management software market in 2016 and is anticipated to maintain its dominance by 2025. The key factor that could be attributed to the growth of market includes increasing acceptance of cloud-based services. Also, features including flexibility, agility of the solutions and on-demand services might contribute greatly to the market growth.

The industry could be explored based on vertical as Manufacturing, BFSI, IT & telecom, Recruitment Consultancies, E-commerce and Others. The “IT and telecom” segment led the talent management software industry in 2015 and is anticipated to maintain its dominance by 2025.The key factor that could be attributed to the growth of market includes surging demand from a diverse set of businesses. The market may be analyzed by organization size as Mid-size organizations, Small organizations and Large organizations

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North America accounted for the major share of the Talent Management Software Market Size in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include rapid technological developments in the industry verticals across different economies and presence of a large number of mid-sized and small enterprises. North America is likely to be followed by the Asia-Pacific region. Some of the key players that fuel the growth of the talent management software industry comprise Oracle Corp, IBM Corporation, SAP, Workday, Inc., Halogen Software Inc., and Cornerstone On Demand. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.


Window Films Market Set Close To USD 13.81 billion From 2024

The global Window Films Market size is expected to value at USD 13.81 billion by 2025. The market is subject to witness a substantial growth due to the growing demand from various end-user sector such as automotive industry, building &construction sector and marine industry. Soaring demand for window films in green houses and smart homes is expected to boost market demand for window films over the forecast period. Globally, the window film industry is predicted to grow at higher CAGR in the forecast period providing numerous opportunities for market players to invest for research and development in the industry.

The growing automobile sector along with the rising consumer awareness, shifting focus towards regular maintenance of vehicles and high-end demand for paint protection in order to avoid high maintenance costs is anticipated to fuel the growth of window film market in automotive industry. Moreover, rapid industrialization, urbanization and ever-growing population is leading to the rising standards of living and increasing disposable income, thus driving demand of window films across the globe. Other factors such as increasing demand for passenger vehicles, particularly in developed economies and rising per capita income are expected to drive the growth of the market over the forecast period.

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Automotive tinting window films is considered as one of the fastest growing segment on the window films industry with substantial revenue generation in the last couple of years. Similarly, growing number of manufactures and installers on the global-scale are most likely to complement market growth. Increasing adoption of the tinting film during production of the windshields because of the growing security concerns are expected to boost sales of the automotive tinting film. Moreover, aggressive marketing strategies adopted by industry player in order to promote their product in the market are substantially influencing market growth. In addition, growing need for safety and security among consumers are likely to boost demand for tinting films in near future.

The sun-controlled window films has also witnessed massive growth with 45% of overall market share in 2015. The growing popularity of the sun-controlled window films is attributed to rising demand from residential and commercial applications coupled with prevention of potential skin diseases. In addition, adverse atmospheric conditions in countries such as India, UAE, Brazil, and Mexico is expected to drive the growth of the sun-controlled window films market over the forecast period. Direct ultra-violet radiation from the sun is primary cause of the 90% of all skin cancer. The sun-controlled window films reduces solar heat while maintaining the sustainable and comfortable environment.

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Introduction of noise, vibration, and harshness (NVH) laminates provides noise cancellation and limits harshness, thus substantially improving overall ride quality. These factors play a major in the growth of the window films industry, in the recent years. Increasing adoption of various components such as covered release liner, epoxy resin, polyester papers, scratch resistance casing, shades, metal composites, and UV inhibitors, thus enhances durability, improves overall shelf life of the product, and performance of window films recast period, which in turn is expected to aid market growth for window tints.

The window film market 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 automotive and construction sector, increase in disposable income among general population, recent technological advancements such as the advent of bio-based polyester film, and existence of well-established industrial infrastructure in the region. Asia-Pacific region is predicted to hold major market share in the window films with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with rapid growth in the automotive and construction industries, lucrative business environment, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the window film industry are the 3M Company, Eastman Chemical Company, Madico, Inc., Toray Plastics, Inc., Hanita Coatings RCA Ltd., Johnson & Johnson Co., Armolan GmbH, Rayno Window Film Ltd., Suntek Energy Systems Pvt., Ltd., Reflective SAS, and Nexfil Co., Ltd.