Monday, 29 September 2014

Increased advancements in healthcare market and growing need of 3D content fuel the growth of 3D scanning market


3D Scanning is a method by which the three-dimensional attributes of an object would be captured along with the minute information such as color and texture of the object. With this technology, time, cost and effort involved in a manufacturing process are saved thereby rapidly improving the overall quality of output. The overall 3D scanning market is expected to grow substantially over the period of 2013 to 2020. The growth of the market will be attributed to the recent technological advancements, the benefits of the 3D scanners over the 2D ones. However, the high price of the 3D scanners limits its rapid adoption. The market is expected to experience growth, piggybacking on the flourishing entertainment and media industry across the world especially in the Asian region. Developments in the healthcare sector are expected to contribute further towards the growth of the sector.

This report, Global 3D Scanning Market (Types, Range, Services, Application and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 – 2020 provides an in-depth exposure to the global 3D scanning market and is dealt to throw emphasis on market dynamics that would assist professionals to better understand market behavior. The report also provides a quantitative analysis of the current market and estimations through 2013-2020 that would help various strategists to design business strategies to capitalize on the existing opportunities in the market.


Key players of the market

The following are some of the key players of the market, although there has also been some major mergers and acquisitions that has taken place in the market: Faro Technologies, Direct Dimensions, Konica Minolta, Autodesk, Creaform (now acquired by Ametek), Maptek, GOM mbH, Shapegrabber(now acquired by Quality Vision International) and 3D Digital Corp. One of the major trends of the market is product launch which has also helped the market in promoting their products to boost their market share.


Key market areas

The 3D scanning market is mostly concentrated in North America, Asia Pacific, LAMEA, and Europe. While the growth in North America and Europe can be accredited to launch of new technologies, sophisticated media and entertainment industry, and superior healthcare services. Despite this, the Asia Pacific region is also expected to witness growth due to increased awareness about advanced medical treatments, the growing demand for 3D content in media industry, increased availability of disposable income, and growing gaming business in China and Japan.


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Home security market grows with the increased demand of smart homes


Even if the notion of digital homes has been around for decades, lack of proper network infrastructure and interoperability among the connected devices with different technologies and standards, the development and deployment of digital homes did not proceed as planned. However, as popularity of smart handheld devices grew, the idea of the digital home was replaced by the smart homes. One of the major areas that gained attention was home security. Furthermore, with competition in smart homes heating up with Google’s acquisition of Nest Labs and Apple’s entrance in home security market, the market is expected to be on the path of exponential growth.

This report, Smart Home Security: Latest Developments, Future Trends and Operators' Strategic Planning highlights the major players of smart home development and their roles in the market. Providing various illustrations of the home security systems, the consumer also talks about the key determinants of consumers’ decision to integrate the product in their homes.


Market overview

America’s smart homes market is booming and in the coming years, the revenue generated from the sector is expected to reach USD 22.4 billion by 2020 at an estimated CAGR of 17.62% over the period of 2013 to 2020. Currently, the USA leads the market share in the region and has the maximum number of smart homes security adoption rates. While in South America, Brazil is expected to be the next new location for smart home development, boosting the growth of smart home security system’s market with the fresh flow of FDI money in the country. It is expected to continue mainly due to recent sports events like FIFA and Olympics of 2016.


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Increased safety demand in electrical components fuels the growth of circuit breaker market


The circuit breaker market is expected to grow in the upcoming years. The growing concerns regarding safety in various electronic, electrical, automotive, telecommunication equipments and the need for advanced fuses and circuit breakers are some of the factors that will be fuelling the growth of the sector. Expected to record a growth of CAGR of 4.61 percent over the period 2014-2018, the emerging economies especially Asia Pacific region including China, Indonesia and India are some of the major regions of development of the product.

This report, Global Circuit Breaker Market 2014-2018 provides an in-depth market analysis with inputs from industry experts. The report covers the APAC region, Europe, the Middle East, North America, and the ROW; it also covers the Global Circuit Breaker market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.


Market overview

The circuit market can be segmented into three: Low Voltage Circuit Breakers, Medium Voltage Circuit Breakers, and High Voltage Circuit Breakers. Considered from the demand side of the product, the report also discusses the smaller market segments. In terms of regions, the market is expected to reach USD 4605 million by 2018 from USD 3510 million in 2013. Increased demand from the construction sector and electrical distribution systems from the APAC region is one of the major demands fuelling the growth of the sector. The rapid urbanization and industrialization in China and India would mean that the Asia Pacific market would reach USD 4379 million by 2018 and record a CAGR of 6%.

The country’s opposition in implementation of smart meters against the EU mandate will create uncertainty towards investments in smart meters especially when Germany remains the leading market segment in the EU region.


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Global thermometer market slated to grow between 2014 and 2018


Global demand for thermometers is forecasted to grow at 6.2% p.a. between the period 2014 and 2018. Germany, China, Belgium, United States, Bangladesh are considered the markets with the highest prospective and potential.

This report, Global Thermometer Market to 2018 - Market Size, Top 10 Countries, Trends, and Forecasts, provides a detailed analysis of the market and focuses on the recent developments of the global thermometer market.


Market overview

According to recent research, the global thermometer industry is forecasted to grow by 6.2% p.a. in the coming years. The period between 2007 and 2013 saw an increase of 8.4% annually. Presently, the liquid filled thermometers account for 8.6% of the total global demand while other thermometers in the market have recorded a 91.4% share.


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Tuesday, 23 September 2014

Global demand for increased productivity fuelling the growth of robot industry


In 2013, robot sales increased by 2% but from 2014 to 2016, the industry will see worldwide sales increase by about 6% on average per year. Some of the forces that are fuelling the growth of the robot industry are large capital investments in various service robotics companies, integration of robotics with mobile applications, technology and other smart products, government initiatives in robotics development and value addition done by these advanced machines. Despite such growth prospects, certain factors like the lack of networking in robots, sensors, user safety issues and interaction capabilities with the world are restricting growth. However, the key players of the market see great potential, especially in places where robots increase the production capabilities of the industry. The industry is categorized into service robots and personal ones. Both are then divided as per their application in other markets and other usages.

This report, The Rise of Machines: Technology & Market Trends of Service Robots, provides an overview of the service robot technology, including both professional and personal service robots, and the function of each component system of a service robot. It also gives a brief outlook for the sales volume and value of the worldwide service robot market from 2010 to 2016.


Growth in service robotics sector

All through this decade, the service robotics will evolve with advanced interaction capabilities, including mobility. The new robots were now able to respond to vocal commands or gestures and move independently around living space. In coming years, service robots’ evolution is expected to continue. The global service robotics market in 2011 was worth USD 18.39 billion and USD 20.73 billion in 2012. It is expected to reach USD 46.18 billion by 2017 at an estimated CAGR of 17.4%. The service robotics industry will be driven by factors like ageing population, value enhancements by robots, increased grants and funds by governments, and increased capital investments. Furthermore, advancements in complementary technologies and integration of robotics in smart products are some of the other factors that are fuelling the growth of the service robotics sector.


Market overview

Most of the robotic technology is based on platforms that leverage sensors, controllers, software modules, cameras, locomotors, and visualization machines. Automation is a process where there is a repetition of some tasks and robots take them a step further by improving yields and increasing the production levels. Since the robotic technology is developed to meet stringent hygiene and safety regulations, it will be opening up doors for completely new applications where they will be physically capable to handle even the most arduous of tasks.

The global demand for robots is expected to increase by 10.5% annually. Five countries like US, Germany, China, Japan and South Korea are expected to dominate the demand with US having the largest market share.


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Dominance of Indian IT service sector fueling growth of India software testing market


Emerging economies are increasingly focusing on quality assurance for their growth and competitive advantage. With the Indian market showing high potential in the software testing field, almost all major IT companies have started investing in software testing services in India in order to capture the market and reap benefits.

This report, Software Testing Market in India 2014, states that India has become one of the major destinations for outsourcing software-testing services owing to the availability of a cost-effective talent pool. An increasing number of software development companies are outsourcing their software testing work to India owing to a rise in demand for software-testing services. This high demand is generated in order to prevent software bugs that result in huge losses for companies. The US is a key market for big Indian testing vendors, followed by Europe and Middle East.


Market overview

The outsourced software-testing market comprises both traditional and independent testing services (ITS). ITS gained more popularity as enterprises aren’t required to invest in expensive hardware and software. Leading software testing companies in India provides facilities and centers of excellence for ITS. Currently, about 180,000 people are employed in this field in India.

The growth of the software testing market is supported by the strong presence of the IT services sector in India. The growing maturity of Indian vendors allows consistent high quality-service delivery and better user-defined standards. Demand for testing services is growing fast with rapid evolution of vendor capabilities in the last two decade. Rising adoption of different growth strategies by testing vendors will help them differentiate from other abundant service providers. The Indian software testing market will witness further growth owing to the recent government initiatives in IT and ITeS sector.

However, the industry has also some pressure points. Even though India is known for its IT expertise, it still lacks enough educational and training focusing on software testing. Agile software development with poor testing may lead to poor coding, thereby escalating risk of errors. Further, rising competition from other low-cost nations pose a threat to India’s dominance in the testing industry.

Currently the software testing market senses the need for mobile application testing owing to rapid growth of mobile phone applications. Also, the industry is witnessing the trend to shift towards cloud-based testing, testing-as-a-service, automated testing and testing in domain-specific niche services.


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Monday, 22 September 2014

Cost advantage over traditional calling services driving the Indian VoIP market


Burgeoning broadband penetration and rising mobile device adoptionin India drives the demand for VoIP. Voice over Internet Protocol, popularly known as VoIP, initially witnessed adoption among enterprise users with the objective to reduce communication cost, especially for long distance calls and audio conferences. As smaller companies began to look for business from other countries, the need was no longer restricted to big enterprises. Average Internet speed in India rose to 1.3 Mbps from 1 Mbps in 2012. Advancement in the field of broadband internet service and increased adoption of smartphones, tablets and PCs led to embracement of VoIP services amongst general consumers.

This report, VoIP Market in India 2014, provides qualitative analysis of the major drivers and challenges affecting the market.


Market overview

Security aspects of VoIP have been one of the primary reasons why Indian regulatory bodies have not authorized unrestricted VoIP in the past, but the Telecom Commission has given the green signal to VoIP under the National Telecom Policy 2012.This provides huge opportunity for the VoIP service providers in India. The government is, however, looking to mandate the establishment of local servers with the aim of eliminating security breaches or misuse of VoIP services. With Q4 2013 posting a 7% quarter to quarter growth of Internet telephony minutes of usage, the market prospect for VoIP services looks prosperous in the coming years.


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Research on Global Markets is a leading source for market research on various sectors globally, offering premium research content from worldwide publishers of market research reports. Our database hosts premium market research content developed by global publishers. It offers premium industry research reports, company profiles and country briefs. We have a dedicated team of research professionals who can facilitate, in an unbiased manner, the process of identifying appropriate market research reports that are targeted to fulfill all your information-related requirements.


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SOURCE:  Researchonindia.com