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Showing posts from September, 2023

Smart Beacon Market: Key Market Developments and Innovations in 2023

This report delves into the segmentation of the smart beacon market, focusing on criteria such as beacon standard, connectivity type, offering, end use, and geographical distribution. The overall valuation of the smart beacon market is anticipated to reach USD 19,805.5 Million by 2023, with a notable compound annual growth rate (CAGR) of 56.2% spanning from 2017 to 2023. This impressive growth trajectory is propelled by the widespread adoption of smartphones and a heightened emphasis on leveraging business intelligence for competitive advantages. Smart beacons, also referred to as Bluetooth Low Energy (BLE) beacons, function as proximity sensors that transmit signals utilizing Bluetooth technology. When Bluetooth-enabled devices, such as smartphones or tablets, come within range of these beacons, they activate corresponding applications on the devices, prompting specific actions associated with the beacon signal. Leading players in this market, including Estimote (US), Aruba (A Hewlet...

Cleaning Robot Industry Surges as Automation Takes Over

 The global cleaning robot market has witnessed significant growth in recent years, driven by the increasing demand for automation and smart technologies in households, commercial spaces, and industrial settings. Cleaning robots, equipped with advanced sensors and AI capabilities, are revolutionizing the way we maintain cleanliness and hygiene. This market analysis provides insights into the key drivers, trends, challenges, and future prospects of the cleaning robot market . Market Drivers Rising Hygiene Awareness: The COVID-19 pandemic has heightened awareness of cleanliness and hygiene. Cleaning robots offer a touchless and efficient way to maintain sanitized environments, making them essential in the post-pandemic world. Labor Shortages: In many countries, labor shortages in cleaning and janitorial services are driving the adoption of cleaning robots. These machines can perform repetitive cleaning tasks 24/7 without breaks. Smart Home Adoption: The proliferation of smart homes a...

Submarine Cable System Market: Analysis Business Opportunity, Growth Factors, and Future Prospects until 2027

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Submarine cable systems include submarine communication and power cables. Submarine power cables are medium- and high-voltage electric cables laid on the seabed for power transmission. These cables are usually insulated with cross-linked polyethylene (XLPE), low-pressure oil-filled impregnated papers, or resin-impregnated papers. These cables are used to connect offshore renewable energy devices, such as windmills, and to provide power to offshore oil & gas production facilities. Submarine communication or fiber-optic cables are laid on the seabed and are used to connect various regions and continents for communication purposes. These cables are used by telecom providers and private companies, such as Google, Facebook, and Microsoft, to provide services globally.  The Submarine Cable Systems market is projected to grow from USD 13.8 billion in 2021 to USD 22.7 billion by 2026; it is expected to grow at a CAGR of 10.5%from 2021 to 2026. Alcatel-Lucent Enterprise (France), SubCo...

Biometric Access Control: Enhancing Security in a Connected World

The biometric system market size is projected to grow from USD 42.9billion in 2022 to USD 82.9 billion by 2027, at a CAGR of 14.1%. The market slightly declined in 2020, mainly due to the impact of COVID-19. The supply chain disruption caused by the pandemic affected the market especially automotive, Industrial and others significantly. Also, due to lockdown restrictions, companies were not able to source the required labor for their operations due to travel restrictions. Though the Biometric System Market is expected to be impacted in 2020–2021, it is expected to fully recover by mid 2022. Increasing the advancements in biometric technology across various sectors and rising demand for authentication and identification solutions as well as security and surveillance solutions in various application areas are the primary factors driving the market growth. Moreover, growing adoption of biometric system in consumer electronics, BFSI as well as automotive verticals will drive the demand fo...

Industrial Control and Factory Automation Market 2023 Is Likely to Experience a Tremendous Growth by 2027

The Industrial Control and Factory Automation market is a dynamic and rapidly evolving sector that plays a crucial role in optimizing industrial processes, improving efficiency, and ensuring the competitiveness of manufacturing industries worldwide. This market encompasses a wide range of technologies and solutions designed to automate and control various aspects of factory operations. In this article, we will provide an overview of the Industrial Control and Factory Automation market, its key components, growth drivers, and future prospects. Market Overview: The Industrial Control and Factory Automation market is driven by the increasing need for manufacturers to streamline their operations, reduce production costs, enhance product quality, and respond to changing market demands swiftly. It encompasses several key segments, including: PLCs (Programmable Logic Controllers): PLCs are the backbone of factory automation, providing real-time control and monitoring of machinery and process...

Challenges and Opportunities in the Digital Signage Market

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                                  The digital signage market has witnessed substantial growth in recent years, driven by advancements in technology, increasing demand for interactive and visually engaging communication, and a wide range of applications across various industries. This dynamic and rapidly evolving market encompasses the deployment of digital displays, such as LED screens, LCD monitors, and projection screens, to convey information, advertising, and messages to a target audience. In this 500-word overview, we will delve into key trends, drivers, challenges, and future prospects of the digital signage market. Market Overview The digital signage market has experienced robust expansion, with a compound annual growth rate (CAGR) exceeding 7% over the last decade. This growth can be attributed to several factors, including the declining cost of display technology, increased adoption of cloud-b...

Designing Interactive Kiosks for User-Friendly Experiences

 The interactive kiosk market is projected to grow from USD 28.8 billion in 2022 and is projected to reach USD 39.1 billion by 2027; it is expected to grow at a CAGR of 6.3 % from 2022 to 2027. The growth of this market is driven by factors such as enhanced shopping experience for customers, rising demand for self-service in banking & financial services, lower investment costs than traditional outlets, enhanced applications other than conventional ones, and innovations in touch screen display and glass technology. Key strategies adopted by the players in the interactive kiosk ecosystem to enhance their product portfolios, increase their market share and expand their presence in the market mainly include new product launches and partnerships and acquisitions. For instance, in October 2021, CERTIFY Health partnered with Olea Kiosks. Inc. (US). CERTIFY Health provides healthcare organizations with modernized solutions to optimize patient care and experience, from onboarding to...

AI-driven Predictive Analytics: Boosting Manufacturing Efficiency

 AI-driven Predictive Analytics Artificial intelligence in Manufacturing market size is valued at USD 2.3 billion in 2022 and is anticipated to USD 16.3 billion by 2027; growing at a CAGR of 47.9% from 2022 to 2027. Factors such as increased intensifying need to handle increasingly large and complex dataset and evolving industrial IoT and automation technologies are driving the growth of the market during the forecast period. Intel enjoys a strong market presence and has been effectively defending the same. The company has dominated the market for microprocessors for many years. The company’s dominant market position ensures a large addressable market. Intel’s market position also provides increased scale and related benefits. The established market position provides competitive advantages and allows the company to effectively penetrate the adjacent markets. One of the competitive advantages of Intel is the combination of a network of manufacturing, assembly, and test facilities w...

Structured Cabling for Data Centers: Ensuring Peak Performance

The structured cabling market is projected to reach USD 15.0 billion by 2027 from an estimated USD 11.7 billion in 2022, at a CAGR of 5.1% from 2022 to 2027. Major factors driving the growth of the market include growing trend of data center convergence penetrating IT infrastructure market and rising emergency of smart cities. CommScope Holding Company, Inc. (US), Corning Incorporated (US), Legrand (France), Nexans (France), Panduit Corp. (US), Belden Inc. (US), R&M (Switzerland), Furukawa Electric Co., Ltd. (Japan), Schneider Electric (France), The Siemon Company (US); are some of the key players in the structured cabling market . These players have adopted various growth strategies, such as product launches, expansions, partnerships, collaborations, contracts, agreements, and acquisitions to retain their presence in the stazructured cabling market. Product launches has been the most dominating strategy adopted by the key players from January 2018 and January 2022 to help them bro...

Biometric Technology Revolution: Shaping Industries and Enhancing Security

 The biometric system market size is projected to grow from USD 42.9billion in 2022 to USD 82.9 billion by 2027, at a CAGR of 14.1%. The market slightly declined in 2020, mainly due to the impact of COVID-19. The supply chain disruption caused by the pandemic affected the market especially automotive, Industrial and others significantly. Also, due to lockdown restrictions, companies were not able to source the required labor for their operations due to travel restrictions. Though the market is expected to be impacted in 2020–2021, it is expected to fully recover by mid 2022. Increasing the advancements in biometric technology across various sectors and rising demand for authentication and identification solutions as well as security and surveillance solutions in various application areas are the primary factors driving the market growth. Moreover, growing adoption of  Biometric System Market  in consumer electronics, BFSI as well as automotive verticals will dri...

Routing Market: Analysis and Regional Outlook 2023-2027

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 The routing market size is estimated to be valued at USD 15.1 billion in 2022 and reach USD 22.9 billion by 2027, at a CAGR of 8.6% from 2022–2027. Product launches, acquisitions, partnerships, collaborations, strategic alliances, and expansions are the major growth strategies adopted by the market players. These strategies have enabled them to efficiently fulfill the growing demand for routers from end-user industries and expand their global footprint by offering their products in all the major regions. Key players operating in the routing market are Cisco (US), Huawei Technologies Co., Ltd. (China), Juniper Networks, Inc. (US), Hewlett Packard Enterprise Development LP (US), Arista Networks, Inc. (US), ASUSTeK Computer Inc. (Taiwan), New H3C Technologies Co., Ltd. (Taiwan), NETGEAR (US), Nokia (Finland), Xiaomi (China), Acelink Technology Co., Ltd. (Taiwan), ADTRAN (US), Allied Telesis, Inc. (Japan), Belkin International, Inc. (US), D-Link Corporation (Taiwan), EERO LLC (US), ...

Water Quality Monitoring in Developing Nations: A Critical Need

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 The water quality monitoring market was valued at USD 2.95 Billion in 2015 and is expected to reach USD 4.96 Billion by 2025, growing at a CAGR of 4.54% between 2016 and 2025. The key opportunity for this market is the growing popularity of the smart city concept. Some of the key factors driving this market are the development of policies and initiatives to reduce environmental pollution level and growing industrial applications for water testing and analysis instruments. The key players in the water quality monitoring market are Horiba (Japan), General Electric Company (U.S.), Xylem, Inc. (U.S.), Danaher Corporation (U.S.), and Teledyne Technologies, Inc. (U.S.), among others. Top 2 players in the water quality monitoring market General Electric Company (GE) is the major market player that offers water testing and analysis solutions globally. GE has many divisions and market segments covering energy management, renewable energy, healthcare, and oil and gas, among others. GE has ...

Top 10 Mobility Technologies Market: Overview by Increasing Demands and Sales 2023 to 2027

 Mobility solutions use wireless technologies that enable users to roam freely, with being in touch with the back-end office infrastructure. The Top 10 Mobility Technologies Market report studies the major mobility technologies such as cellular IoT, wireless gigabit, mobile augmented reality, wireless charging for consumer electronics, Bluetooth, automotive vehicle-to-everything, mobile biometric, land mobile radio, automated guided vehicle, and wearable technology. Qualcomm Incorporated (U.S.) is a leading semiconductor manufacturer and supplier in the world. In 2016, the company acquired NXP Semiconductors; this acquisition would help Qualcomm broaden its customer base. It is among the forerunners in the NB-IoT market. The company has designed LTE modems (MDM9207–1 and MDM9206) to support reliable, optimized cellular connectivity in a growing array of devices and systems within the IoT. Qualcomm continues to expand the LTE capabilities to accelerate progress in the IoT with thes...

Packaging Automation Solution market: Overview by Increasing Demands and Sales 2023 to 2027

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 The packaging automation solution market was valued at USD 28.39 Billion in 2015 and is expected to reach USD 52.42 Billion by 2022, growing at a CAGR of 8.68% during the forecast period. The increasing adoption of automation solutions across various industries, increasing need for supply chain integration, and reduction in labor costs are the major drivers for the packaging automation solution market. Also, the advancements in technology such as wireless technology, autonomous control, and wearable computing are driving the packaging automation solution market . The rising demand for packaging automation solutions in the emerging markets has encouraged the companies to adopt the strategy of new product launches. The market players are also focusing on acquisitions to enter into new markets. ABB Ltd. (Switzerland), Rockwell Automation (U.S.), Mitsubishi Electric Corp. (Japan), Schneider Electric SE (France), Emerson Electric Co. (U.S.), Automated Packaging Systems, Inc. (U.S.), an...