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Employee Monitoring Solutions (Automated) Market To Reach Us$ 13,335.0 Mn By 2026

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According to a new market report published by Transparency Market Research , the global employee (automated) monitoring solutions market is projected to reach US$ 13,335.0 Mn by 2026. The market is expected to expand at a CAGR of 10.7% during the forecast period from 2018 to 2026. In the solutions segment, software held highest market share in the year 2018 due to rising demand for cloud based software that provides greater ease, storage, and security. North America is anticipated to lead the global employee (automated) monitoring solutions market during the forecast period, followed by Europe, Asia Pacific, Middle East & Africa, and South America.

employee monitoring solutions market

 

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Increase in Adoption of Cloud-based Services

The key driver for the global employee (automated) monitoring solutions market is increase in the adoption of cloud services such as Software as a Service (SaaS). Demand for cloud-based monitoring systems is increasing globally. Cloud-based employee (automated) monitoring software and solution services provide better access to companies to monitor employees. Moreover, cloud-based services allow businesses to outsource employee monitoring solutions that track their employees while working. The solutions help increase employee productivity. They can be accessed through mobile devices or personal computers.

Cloud-based employee monitoring solutions are automated and improve accuracy and efficiency. This results in accurate employee monitoring. The SaaS-based model allows distribution/sharing of high costs for hardware, software, and data center operations among customers. It allows customers to avail top-of-the-line infrastructure at a fraction of the initial cost. The Software as a Service model reduces the need to physically upgrade the system as it is taken care of by vendors themselves. Also, SaaS technology helps consolidate various employee (automated) monitoring solutions under one single package. This driver is anticipated to have a high impact on the market’s growth throughout the forecast period. The impact is further supported by the growing count of new enterprises, largely small- and medium-sized businesses.

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According to a new market research report, published by Transparency Market Research, the mobile cobots market is expected to reach US$ 4,472.53 Mn by 2026, expanding at a CAGR of 33.4% from 2018 to 2026. According to the report, the mobile cobots market is likely to continue to be influenced by a range of macroeconomic and market-specific factors in the next few years. In terms of demand, Asia Pacific is projected to lead the global market during the forecast period. The market in the region is likely to expand at a CAGR of 35.9% from 2018 to 2026. South Korea and Japan are expected to be major contributors to the mobile cobots market in Asia Pacific during the forecast period.

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Inclination toward Industrial Automation

A mobile cobot (mobile collaborative robot) is an intelligent, transportable robot that can assist humans in a shared workspace. Mobile cobots are moving platforms wherein cobots are mounted on mobile robots. These are automated machines. It is an emerging technology that is capable of moving within a set environment. Apart from the manufacturing industry, mobile cobots are used for research and exploration. Currently, use of mobile robots has extended to the industrial sector. In the recent years, there has been a significant rise in the demand for industrial robots in the automotive sector. This can be attributed to increasing customer demand for customization in their cars. Unlike industrial robots, collaborative robots are not dedicated to only a single task. Hence, manufacturers are now switching to collaborative robots. Inclination toward industrial automation is acting as a driver of the mobile cobots market. Robots have been utilized in industries for a long time. They have made the human work easier by running large industrial settings. Robots in factories have typically been large, caged devices that perform repetitive, dangerous tasks in place of humans. Moreover, rising labor costs in developing economies, mostly in material handling industries, are driving the demand for cobots. This is primarily due to economic growth of industrialized countries.

Global Mobile Cobots Market: Scope of Report  

The global mobile cobots market has been broadly segmented in terms of weight capacity, application, end-use industry, and geography. Based on weight capacity, the market has been segregated into 1 to 3 kg, 3 to 5 kg, and 5 to 10 kg. Among these, the 3 to 5 kg segment accounted for a major share of more than 50.0%, in terms of revenue, in 2017. The segment is anticipated to expand at a CAGR of 33.5% during the forecast period. In order to fulfill the global demand, various manufacturers of mobile cobots are currently focusing on research and development activities in order to invent advanced applications of mobile cobots. Cobots are gaining popularity among manufacturing companies and different industries. The primary factor boosting the global mobile cobots market is decline in costs of collaborative robots over the last few years. Upfront costs of cobots are 20% of those of traditional robots with an average payback period as short as six to eight months. Also, installation of cobots requires minimal investments and time.

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According to a new market report on the superconducting fault current limiter market, published by Transparency Market Research, the global superconducting fault current limiter (SFCL) market is expected to reach US$ 6,120.4 Mn by 2026, expanding at a CAGR of 8.2 % from 2018 to 2026. According to the report, the global market will continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific will continue to be at the forefront of global demand, with the market in the region growing at a CAGR of 9.4% through 2026.

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Growing need for reliable & efficient power supply is driving the global superconducting fault current limiter market

Due to increase in power demand and concerns regarding power supply, it is inevitable that distributed generation (DG) will experience higher market adoption in electric power distribution and transmission systems in the coming years. With a high diffusion of DG, a high-level fault current may be caused during an emergency, which would have a negative effect on the complete power grid including the linked DGs. SFCL can be implemented to prevent distributed generating sources from blackout in smart grid systems, because this fault current may be higher than the rating of existing protective devices. Frequent failure in power systems has increased the demand for these applications, thereby offering multiple opportunities to the global SFCL market.

Superconducting Fault Current Limiter Market: Scope of the Report

The global superconducting fault current limiter market has been broadly segmented in terms of type and end-use industry. By type, the shielded core SFCL segment is consistently expected to witness the highest market share between 2018 and 2026. Growing urbanization which is resulting in the growth of power distribution & transmission networks as well as commercial buildings, is the major factor responsible for its high share. Moreover, growing demand for efficient power supply is another factor accounting for its dominance throughout the forecast period.However, of all types, resistive SFCL segment is expected to expand at a CAGR of 7.8% due to its increasing applications in power stations and in the oil & gas industry. By end-use industry, transmission & distribution grid cumulatively represented 26.3% share in 2017. Rapid urbanization especially in the developing countries of Asia Pacific and the Middle East is aiding the growth of SFCL in power grids. Furthermore, increasing government initiatives across the world for the renewal of existing transmission and distribution networksis further driving its significant share amongst all other applications.

Asia Pacific dominated the superconducting fault current limiter market in 2017 with China contributing majority share of income. The dominance of the region in the market is attributed to its large population base, increasing industrialization and urbanization, growth in transmission and distribution networks, and supportive governmental initiatives for expansion or upgrade of existing systems. Analyzing the Asia Pacific superconducting fault current limiter market at country level, it is anticipated that China would lead the market consistently throughout the forecast period. 

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The competition in the global air purification systems market is likely to grow in the near future. Players are investing in using advanced and innovative technologies for the development of optimum purification, energy efficient, and low emission products with the aim to reduce environment degradation. With rising focus on these areas, players aim to increase sales of their products and maximize their earnings. Investment in mergers and acquisition, partnership, and expansion has also increased by the players to extend their presence in different regions. For example, Sharp Corporation recently introduced new product SHARP KC-G40M in the Indian market. This product is a combination of humidifier and air purifier that provides comfort and convenience during summers. The company aim was to expand its base in India and provide its products to the huge population base.

Other companies are also taking similar steps to strengthen their position in the market. With large number of players are taking such steps has created a fragmented vendor landscape in the global air purification systems market. In the report, prominent players are thoroughly discussed based on the strategies used along with share held by them. Some of the key players in presented in the report are Camfil Group, 3M Company, Philips Electronics N.V., Panasonic Corporation, Mann+Hummel, LG Electronics Inc., SPX Flow, Clarcor Inc., Honeywell International Inc., and Whirlpool Corporation.

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Air Purification Systems Market to Rise a Healthy CAGR Of 8.2%

In the report by Transparency Market Research, the global air purification systems market is projected to mark its rise at healthy 8.2% CAGR over the period of eight years from 2018 to 2026. Rising at this rate, the market is projected to generate ~ US$ 38.3 Bn by end of 2026. Additionally, the volume sales is also expected to rise, estimates states that the nearly 175,864 thousand units are projected to be sold by 2026. Keeping all these figures in place, the global air purification systems market has huge opportunity for growth.

Key Trends Augmenting Growth for Air Purification Systems

  • Rapid Industrialization and Urbanization - Globally, urbanization is growing significantly, as large number of people are moving towards cities and towns from lesser developed areas. This has lead in increased building and construction projects that increased pollutants in the environment. Urbanization has also increased traffic on roads resulting in excess release of toxic gases. Owing to these factors, the demand for air purification systems boosted to keep the air inside the houses fresh and pollution free.
  • Rising Health Issues Due to Air Pollution – Nowadays, numerous health issues are also rising due to increasing air pollution. Various respiratory diseases are aggravated including bronchitis, emphysema, and asthma. Thus, to reduce the impact of these diseases demand for air purification systems has increased. As these systems produce less noise and their maintenance cost is also low, its demand increased in residential and commercial sectors.

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Increasing Building and Construction Projects Fueled Demand for Air Purification Systems in Asia Pacific

Regionally, Asia Pacific is projected to lead the global air purification systems market. Increasing building and construction projects in China, India, Japan, and other countries is the major factor behind the rise of air purification systems in Asia Pacific. Moreover, rising cases related to health including asthma and other respiratory cases have also lead the demand for air purification systems in this region.

North America and Europe on the other hand, are projected to rise at a moderate rate that is around 8% and 7% respectively.  People in this region are mostly aware about the use of air purification systems, which makes these regions preferable for the growth of this market.

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According to a new market research report titled ‘Thermoelectric Module Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019–2027,’ published by Transparency Market Research, the global thermoelectric module market is expected to reach value of US$ 1,713.9 Mn by 2027, expanding at a CAGR of 11.7% from 2019 to 2027. According to the report, the global market is expected to be influenced by a range of macroeconomic factors, such as GDP and market trends, during the forecast period. In terms of demand, Asia Pacific is projected to lead the global market in the next few years. The market in the region is likely to expand at a CAGR of 12.1% during the forecast period.

Advantages offered by thermoelectric modules over conventional products to drive the global thermoelectric module market

The global thermoelectric module market is projected to expand at a significant growth rate during the forecast period, owing to advantages offered by thermoelectric modules over conventional products across the world. Large thermoelectric systems have been built for special applications such as railroad cars, cooling within submarines, and semiconductor manufacturing. Presently, thermoelectric systems with high power are being preferred in the market. Thermoelectric systems with their capacity ranging from 200 Watt to 400 Watt are being commonly used in various sectors such as automotive and industrial.

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Global Thermoelectric Module Market: Scope of Report

The global thermoelectric module market has been broadly segmented based on technology, material, type, application, end-use industry, and region. In terms of technology, the market has been segmented into single stage and multi stage. Among these, the single stage segment holds a significant share of the market and it is anticipated to expand at a CAGR of 11.4% during the forecast period. Based on material, the market has been classified into bismuth telluride (Bi2Te3), lead telluride (PbTe), silicon germanium (SiGe), and others. Among these, the bismuth telluride segment held a prominent i.e. 39.9% share of the global thermoelectric module market in 2018.

It was followed by the lead telluride segment. In terms of type, the global thermoelectric module market has been divided into bulk (standard) TEM, micro TEM, and thin-film TEM. Among these, the bulk (standard) TEM segment held a significant share of the global market in 2018. It is expected to expand at a CAGR of 11.5% during the forecast period. In terms of application, the market has been categorized into analytical instrumentation, automotive electronics & safety systems, refrigeration & cryogenics, thermal cycling, detectors, and others. The refrigeration & cryogenics segment held a major share of the global market in 2018. It is anticipated to expand at a CAGR of 11.2% during the forecast period.

Based on end-use industry, the market has been segmented into aerospace & defense, automotive, consumer electronics, healthcare, food & beverages, energy & utility, and others. Among these, the consumer electronics segment held a significant i.e. 33.5% share of the global market in 2018. In terms of region, the global thermoelectric module market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

In terms of revenue, Asia Pacific held a leading share of the global thermoelectric module market in 2018. The market in the region is anticipated to expand at a CAGR of 12.1% during the forecast period. Use of advanced thermoelectric materials for the manufacture of thermoelectric modules has led to rise in the adoption of thermoelectric modules in the region. In terms of revenue, China holds a major share of the thermoelectric module market in Asia Pacific, followed by Japan. Moreover, in terms of revenue, the market in India is anticipated to expand at a significant CAGR of 12.7% between 2019 and 2027.

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Global Thermoelectric Module Market: Competition Scenario

The research study includes profiles of leading companies operating in the global thermoelectric module market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Some of the key players operating in the global market are Crystal Ltd., Ferrotec Corporation, GENTHERM, II-VI Marlow Incorporated, KELK Ltd., KRYOTHERM, Laird Technologies, RMT Ltd., TE Technology, Inc., TEC Microsystems GmbH, Thermion Company, Thermonamic Electronics (Jiangxi) Corp. Ltd., and TOSHIBA MATERIALS CO., LTD.

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The global cut and bend equipment market was valued at US$ 1,038.5 Mn in 2017. It is expected to reach US$ 1,603.5 Mn in terms of revenue by 2027, expanding at a CAGR of 4.6% from 2018 to 2027.The market in Asia Pacific is likely to expand at a rapid growth rate during the forecast period, due to a rise in infrastructure and construction activities in emerging economies such as India and China.

Cut & bend equipment is used for cutting and bending purposes. The global cut and bend equipment market is growing across the globe. Growing construction and infrastructure activities is expected to drive the overall market growth during the forecast period. Additionally, usage of advanced technologies is increasing the productivity of equipment which is expected to accelerate the global cut and bend equipment market across the world. However, the entry of local and regional players and instability in the construction industry is hampering the business growth of established players.

Cutting & shaping, and mesh cutting & bending equipment hold the maximum share in the cut and bend equipment market in terms of product type. Under cutting & shaping, stirrup machines hold the largest market share in terms of value and volume and are expected to continue their dominance in the coming years as well. Stirrup equipment can use coil and bar to complete the process, whereas bar shaping machines only use the bar material.

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Based on operation mode, the automatic segment is expected to hold major market share and expand at the fastest rate during the forecast period. As compared to semi- automatic equipment, automatic cut & bend equipment provides user friendly operations and also eliminates the need for routine maintenance. This is expected to increase the market attractiveness of the automatic segment during the forecast period.

Construction/engineering contractors hold major market share which is anticipated to rise at a significant growth rate during the forecast period. Demand for cutting & bending equipment in the construction industry is higher as compared to demand from steel producers and manufacturers. The construction industry utilizes automated machines for cutting the bars and has less demand for bending and de-coiling straightening machines.

In terms of region, Asia Pacific and North America commanded major share of the cut and bend equipment market in 2017. In addition, infrastructure development activities and construction of high rise buildings in Rest of Asia Pacific is expected to drive demand for cut & bend equipment in the Asia Pacific region. The cut and bend equipment market in emerging economies is estimated to expand at a significant growth rate during the forecast period. Rising awareness about better infrastructure and government initiatives have resulted in the growth of the steel and construction industry, and in turn the cut and bend equipment market. Europe and Middle East & Africa are expected to grow at a substantial growth rate during the forecast period.

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The global cut and bend equipment market is highly competitive. It is dominated by several international and domestic players. Key vendors operating in the global cut and bend equipment market include Eurobend S.A, KRB Machinery, M.E.P. Macchine Elettroniche Piegatrici S.p.A, Progress Holding AG, Progress Investment Management, Schnell Spa, SweBend, TabukSteel, TJK Machinery (Tianjin) Co, Ltd, and Toyo Kensetsu Kohki CO., LTD. A large number of local and regional players are expected to increase the competition in the global market. Key players are mainly focusing on research & development activities and product innovation in order to strengthen their presence in the market.

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