APAC gas sensors market to witness remarkable proceeds over 2018-2024, China to be a major revenue pocket

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Gas sensors market is one among the few vibrant business spheres where innovations and technology quite aptly outline the key to profitability and opportunities. The industry participants are thoroughly investing in research activities to bring product improvisations in terms of advancements and sustainability quotients, that in extension is enhancing the product and commercialization matrix of this fraternity.

India gas sensors market, by end-use, 2017 & 2024 (USD Thousand)

Backing the fact with a recent case in point – Sensirion AG, a leading manufacturer of high-end sensors, has bestowed the marketplace with novel gas sensors that are not only technologically progressive, but are also environmentally viable. As claimed by the experts, Sensirion’s upgraded solutions offer precise air quality information based on some of the major environmental grounds such as VOC content, humidity, carbon dioxide presence, temperature, and particulate matter content. Undoubtedly, such exemplary initiatives undertaken by the renowned giants with regards to environmental sensing have opened up a slew of lucrative opportunities for gas sensors market players, in terms of commercialization and sustainability.

In terms of revenue, Global Market Insights, Inc. reports the global gas sensors industry to have surpassed a valuation of USD 2.5 billion in 2017. Safety measures, of late, have become an integral axiom in the manufacturing space, subject to the stringent regulatory framework regarding workplace safety and health hazards due to poor air quality. Gas sensors industry trends is heavily influenced by the growing governmental initiatives across the world. Companies involved in gas sensors industry are introducing innovative application-specific components that comply with the safety standardization such as CSA and ATEX.

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In this regard, it is important to note that majority of these air quality standardizations and norms are implemented in industrial and automotive sectors. For instance, EPA’s Clean Energy Act has already set limits on some of the air pollutants, that is claimed to be hazardous for the environment. The act also gives the EPA the power to limit harmful emissions of air pollutants from sources like utilities, chemical plants, and steel mills. These mandatory roll-outs have left a huge impact on gas sensors market penetration, subject to the fact that these aforementioned sectors are mandated to install gas sensors in the plants to curb air pollution by efficiently regulating harmful emissions.

Asia Pacific to strongly influence global gas sensors market growth

The expanding automobile sector and rising trend of automation across a myriad range of domains are chronicled to be some of the major factors driving APAC gas sensors market size. Reportedly, China and India are anticipated to be the major revenue pockets for APAC gas sensors industry. The growth in these regions can be primarily credited to the phenomenally increasing technological developments with regards to curtailment of hazardous air pollutant emissions.

Allegedly, China has been remarkably incorporating miniaturized and wireless sensors to enable convenient detection of toxic gases. Moreover, the growing urbanization and demand for technologically upgraded products such as E- compressor and E-turbo is further fueling China gas sensors market share. Beijing and Shanghai are touted to be pivotal contributors to the rapidly deteriorating outdoor air quality, that exceeded the set particulate matter concentration by the WHO by a substantial proportion in 2017, which has further impelled China gas sensors market.

However, in parallel to these developments the industry is also facing some major challenges with the exponentially increasing number of CO and CO2 sensors. The overcrowding of these devices has not only impacted the strategic landscape but has also raised a question on the product differentiation and innovations with regards to these sensors. Keeping this into consideration, the market players are vigorously investing in R&D activities to offer a diversified range of products, addressing the innovation and feasibility parameters. Some of the prominent names in the industry include Amphenol Corporation, Dynament, Bosch Sensortec, City Technology, Figaro Engineering Inc., Honeywell International Inc., Teledyne Technologies Incorporated, Trolex Ltd, and Siemens AG.

With the expanding application spectrum of gas sensors industry across a myriad range of sectors including consumer electronics, medical, environmental, petrochemical, automotive, industrial and the increasing trend of wireless and miniatured devices, it is overt for this business space to record commendable gains in the ensuing years. Statistics project the global gas sensors market size to surpass USD 3 billion by 2024.

Author Name : Saipriya Iyer

Identity and access management market to accumulate sizable returns from the IT & telecom sector: North America to emerge as a lucrative investment ground over 2018-2024

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A robust increase in the adoption of advanced technologies such as cloud computing and IoT will drive the identity and access management market in the upcoming years. IAM apparently makes businesses more agile, efficient and scalable, and also offers them considerable benefits such as reduced risk of data breaches, centralized access control, ensured regulatory compliance, improved user experience, and a significant reduction in IT costs. This has quite overtly led to a spurt in investments in IAM market from venture capitalists and enterprise organizations.

Japan Identity and Access Management (IAM) Market Size, By Solution, 2017 & 2024 (USD Million)

IAM industry has also received a considerable boost from robust investments in new artificial intelligence and machine learning solutions that are being undertaken for managing the rapid proliferation of identities and achieving least privileged access. For instance, recently Google established a collaboration with Facebook to develop their artificial intelligence to offer users a much better work experience.

Proliferation of workplace mobility is a major factor that would propel identity and access management market. Global acceptance of workplace mobility by businesses has empowered employees to work from anywhere, at any time and from any device. As per sources, by 2020, mobile workforce will reach to about 105.4 million people, that translates to roughly 72.3% of the total workforce in the U.S. On a global scale, the number is set to reach 1.87 billion by 2020, or 42.5% of the worldwide workforce. These statistics provide vital evidence to the fact that identity and access management market share is likely to soar in the years to come.

The Internet of Things has already redefined the concept of identity management. As IoT moves beyond consumer mainstream wearables and into massive enterprise deployments, IT teams are paying more attention towards securing access to the networks that connect to valuable products, including smart grid hardware, factory equipment, and more. IAM and privileged access management (PAM) demands are expected to become more complicated, with tougher obstacles and exponentially more endpoints. In consequence, the requirement of a strong IAM solution would become more commonplace, thereby augmenting the overall IAM industry.

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IT & telecom applications to drive the IAM market trends:

The rapidly escalating growth in the telecom & IT sector is certain to impel identity and access management market. As the IT & telecom industry works with a large user base, it is essential for the service providers to maintain the security of the sensitive user data. According to a survey by The Communications Fraud Control Association (CFCA), the telecommunications industry experienced $38.1 billion in fraudulent charges in 2016. As per CFCA, cyber fraudsters are seemingly working to develop new ways to siphon money from renowned, well-established organizations of various sectors.

The aforementioned survey results are a strong indicator of the fact that the IT sector will serve to be one of the most profitable growth avenues for IAM market. By implementing IAM solution business could be shielded by fraudsters and hackers, eventually saving billions in remuneration for organizations. According to Global Market Insights, Inc., identity and access management market size from IT and telecom applications was worth USD 1,420 million in 2017 and is expected to register a commendable growth rate over the ensuing years.

Unveiling North America IAM industry outlook:

North America is undoubtedly one of the most crucial regional generators for identity and access management market. In 2017, North America accounted for a mammoth 46% of the overall industry share, primarily on account of the changing workforce requirements and the surging adoption of cloud applications and BYOD. The U.S. the most dominant regional ground for North America IAM market, given that security is the foremost crucial parameter for the plethora of companies in the country.

North America IAM market has also received a considerable boost owing to the presence of a stringent regulatory landscape in the region. The continent is known to face periodic cybersecurity thefts – in 2017 alone, the average cost of a data breach was around USD 117,000 for SMEs and USD 1.3 million for large enterprises. On these grounds, the regional governments have undertaken stringent initiatives and invested extensively to come up with highly secure systems to protect user data, thereby propelling North America IAM industry share.

Some of the most prominent contenders in the global identity and access management market include IBM Corporation, SailPoint Technologies Holdings, Inc., Okta, Inc., Symantec, Gemalto, Crossmatch, Oracle, HID Global Corporation, CA Technologies, OneLogin, Inc., OpenText Corp., Ping Identity, ForgeRock, Net IQ, and Dell, Inc. These companies are often found conducting mergers and acquisitions to increase their business reach and expand their customer base. For instance, Marsh, a global leader in insurance broking and innovative risk management solutions, recently announced a collaboration with IBM Corp. to provide clients with a wider access to blockchain solution for ensuring proof of insurance.

IAM solutions have proven to be effective in reducing challenges faced by organizations with regard to security and privacy such as data loss, data leakage, insecure usage, and insider attacks. IAM also decreases burden on the IT departments due to its self-service functionality. Driven by the fact that IAM delivers secure ways for authentication, authorization, and management of users without compromising on convenience and usability, the global IAM market share is anticipated to grow at a CAGR of 10.4% over 2018-2024.

Author NameMateen Dalal

Growing demand for internet enabled devices is estimated to fuel router and switch market demand

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Global Market Insights Inc. announces a new study based report on router and switch market. The market size is estimated to be worth USD 41.02 billion by 2022. The report is a professional and detailed qualitative market research on the current scenario of the key regional markets. It also features a comprehensive discussion about the market trends, aspects like drivers, restraints, opportunities, challenges that impact SP switching and routing device market. The boom in adoption to cloud computing solutions is likely to propel the Router and switch segment.

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The report covers the SP switching and routing device basics including its applications, definitions,  manufacturing methods, classifications, cost structures, and product specifications, etc. Furthermore, it offers analysis of the market conditions in the top global regions including the market growth rate, product price, profit, etc.

Key products include multiservice edge, Internet exchange, ATM switch and Ethernet service edge etc. Internet exchange router is likely to show a substantial growth and surpass USD 16 billion during the projected period. Service provider core router is expected to witness growth at a CAGR of over 2.5% in next few years owing to multiple system offerings including less power consumption, high efficiency, optimized rack space usage for improved bandwidth capacity etc. Ethernet service edge router market is forecast to hit USD 12.63 billion from 2015 to 2022. BYOD market growth is likely to impel demand with its numerous advantages including better productivity and reduced costs. BRAS (Broadband Access Aggregation) is likely to see a substantial growth owing to high demand for high speed services.

Mobile data traffic explosion is expected over the projected time frame attributed to rising smartphone usage, proliferation of wireless devices, 3G/4G and LTE networks globally.

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North America router and switch industry is expected to be worth USD 15.5 billion at a growing CAGR of 2% during the forecast timeframe. The surge is attributed to noticeable growth in backhaul investments in the region. Asia Pacific, China in particular is projected to witness a substantial growth due to increasing demand for high-definition content and multi-screen delivery.

Key market participants are profiled in the report with comprehensive analysis of business strategies, products and services, current trends and finance metrics. Cisco Systems, Juniper Networks, Alcatel-Lucent, ZTE Corporation and Huawei Technologies are some of the major players in the router and switch market.

Author NameDhananjay Punekar

Increasing consumer awareness towards adopting nutrient fortified food for maintaining healthy diet owing to hectic lifestyle is likely to drive EPA/DHA ingredients market growth

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According to new study report by Global Market Insights Inc. EPA-DHA omega 3 ingredients market size is forecast to be worth USD 3.7 billion from 2015 to 2022. The omega 3 ingredients market can be classified, as EPA (eicosapentaenoic acid), DHA (adocosahexaenoic acid), and ALA (aplha-linolenic acid) on the basis of type. The market can be segmented, on the basis of applications as infant formulas, pharmaceuticals, animal and pet feed, functional foods and supplements. It provides informed market outlook, coupled with potential market demand.  It details the raw material segment of the global market in terms of volume (in metric tons) and value (in U.S. dollars).

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Supplements and functional foods market is expected to continue dominance in the application category of omega 3 ingredients market during the projected time frame. The growth is attributed to rising awareness regarding the benefits of consuming nutrient fortified Omega 3 rich supplements, and functional foods.

The global omega 3 ingredients market is witnessing a substantial growth owing to consumer health concerns and improved application scope for omega 3 fatty acids. Further, advent of technology for better encapsulation coupled with the increasing fish oil market has opened numerous avenues for the development of substitute sources including flax seeds and algae for extracting omega 3 ingredients. Tight raw material supply is likely to impel EPA/DHA ingredients market price trend over the projected period. Pharmaceuticals applications are projected to propel at a stimulating rate of more than 5.5% by 2022. Increasing significance and application range of pharmaceutical formulations for cholesterol-reducing are expected to further the growth of omega 3 ingredients market.

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The report covers the thorough analysis of the market at a regional level with detailed analysis of market size. North America tops the global (EPA/DHA) omega 3 ingredients market, owing to the increasing awareness of EPA/DHA omega3 ingredients, growing health consciousness and rise in consumer expenses on healthy food products.

APAC China and Japan in particular are likely to see growth in market share during the forecast period.  Europe omega 3 market region is anticipated to observe steady gains.

Key participants in the EPA/DHA Omega 3 market are profiled in the report coupled with key business strategies, operation and financial metrics, service and product analysis and current trends. DSM, Pronova, Omega Protein, Croda, BASF, Aker BioMarine, EPAX, GC Rieber Oils, BioProcess Algae, Lonza, and Martek Biosciences are some of the major companies covered in the report.

Author NameDhananjay Punekar

Growing demand for organic foods from health conscious consumers is expected to drive biofertilizers market growth

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It is predicted that biofertilizers Market share will touch USD 1.66 billion till 2022 which is rising at a Compound Annual Growth Rate (CAGR) of 13.2% during the years from 2015 to 2022. This exponential growth of market is because of customers’ awareness towards fitness and wellness, bad effect of inorganic material and the rise in price of chemicals. There is a boom of organic food as its farming is popular in more than 160 countries across the world. In 2014, market of organic food reached USD 88.06 million and its growth is projected to touch USD 304.99 million till 2022, and its CAGR will remain 17.3% between years 2015 to 2022.

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Chemical fertilizers are widely used for increasing the productivity of plants, but they are responsible for pollution of underground water; these fertilizers also get stored in plants which becomes hazardous. These adverse effects of chemicals have enhanced biofertilizers market trends because of their eco-friendly nature. Nitrogen fixing biofertilizers are gaining huge publicity in the market and have noticed 75% of share in revenue in the year 2014. Increasing demand of nitrogen fixation for consuming nutritious compounds like nucleic acid, chlorophylls will give a significant boost to this industry. Apart from this, these fertilizers reduce dependency on the products of petroleum and minimize emission of carbon in the environment, thereby giving one more reason to use them.

Phosphate solubilizers are the second highest product and are anticipated to grow at the rate of 13% till 2022. Bacillus, pseudomonas along with aspergillums is commonly used bacteria which cater phosphorus to plants. With the adoption of organic nutrients, demand of phosphorus solubilizers is going to increase in near future.

It is the global reach of biofertilizers which has made North America a foremost region contributing around 30% of the overall share in 2014. Positive attitude of U.S. and Canada towards organic materials in agriculture has given an upsurge to North America. Countries like India and China are predicted to enjoy a decent CAGR of 13.5% till 2022. Agricultural growth in India, Pakistan, Indonesia, and China along with Malaysia is likely to include latest technologies for fuelling up the demand of these organic products.

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Talking about the companies dealing with these products, Novozymes A/S along with CBF China Biofertilizers AG are the top leading firms delivering their materials to Europe as well as North America. Companies working with these products take help from resellers, contractors and distributors for exporting them, but there are firms who follow an integrated process thereby working with own resellers and distributors.

Author NameDhananjay Punekar

3D scanning market to accrue substantial share from laser scanner product sales over 2017-2024

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One of the most prominent 3D scanning market giants, FARO, has recently announced the release of the FARO FocusS 70, touted to be one of the most notable products of this organization in the laser scanner portfolio. The product is apparently quite accurate, and the short-range products are principally designed for professionals in the engineering, architecture, product design, construction, and public safety forensics sectors. FARO has been continuously improving its process portfolio and technologies to sustain its position in the competitive 3D scanning industry. Recently, Faro also introduced the next-generation FaroArm in the market, endowed with user-friendly features, superior durability and portability. The ongoing developments in 3D scanning equipment manufacturing are likely to attract more consumers, which may favorably influence 3D scanning industry share. As per business estimates, in 2016, 3D Scanning Market collected a revenue of USD 3 billion.

North America 3D scanning market size, by application, 2012-2024 (USD Million)

Baltic Orthoservice, a renowned medical firm, has invested in the 3D printing technology in 2012 to develop patient-specific implants such as maxillofacial reconstruction and cranial and hip joints. With this lucrative investment, Baltic Orthoservice aimed to improve the quality of medical services. The company also uses laser scanner on an ALTERA CMM to improve the quality of every 3D printed product. Laser scanners have the capability to capture all the data very accurately and precisely, which enhances the quality of the manufactured product. On that note, 3D scanning industry from laser scanners will grow at a CAGR of 14% over the period of 2017 to 2024. The key participants in 3D scanning market are 3D Digital Corp., Hexagon AB, metek, FARO Technologies, Inc., Autodesk Inc., 3D Systems, Basis Software Inc., and Creaform.

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Surging developments in the healthcare sector have been fueling the demand for highly advanced equipment. With an aim to expand their geographical presence, players operating in 3D scanning market are continuously implementing new advanced features in their products. Additionally, they have also been working on checking the feasibility of the scanner, which may be capable of producing parts with different materials. Apart from material differentiation, the scanning range of the product also plays an important role in product differentiation, on the basis of which, market participants are increasingly focusing on brainstorming a range of technologically advanced products. In 2016, short-range 3D scanning market covered a share of 40%, augmented by the extensive product demand from the healthcare and automotive sectors.

Medical practitioners have been increasingly preferring the usage of this product for MRI scans, CT scans, and X-rays. 3D scanners ideally help doctors to measure the shape, body size , and skin surface area of the patient very accurately. In addition to this, low cost and ease of accessablity of the product increases its adoption rate in clinical applications, which will stimulate 3D scanning market share over the years ahead.

Regional governments have been promoting the usage of advanced 3D scanners to enhance the efficacy of the medical services. Subject to the product’s capability to resolve complex theories, it has been extensively used in the medical sector. Many of the researchers have been continuously introducing new techniques to manufacture challenging 3D objects. As per the market study, 3D scanning market will collect a revenue of more than USD 10 billion by 2024 with an annual growth rate of 15% over 2017-2024.

Author Name : Sunil Hebbalkar

Increasing penetration from cosmetics, flavors & fragrances to drive farnesene market

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Global Market Insights Inc. has announced an addition of a new research based report on farnesene market. The market size is estimated to upsurge at a growing CAGR of 27% by 2023 according to the report.

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The professional and high quality report features in-depth market analysis on the global Farnesene industry. It initially provides an outlook of industry with the basic information such as definitions, application, classification, and technology etc. Moreover, it explores global market on the basis of application, products, region and competitive landscape. The report also lists key company profiles, market share, business strategies, financial metrics, forecast and estimations in terms of volume and value, coupled with key aspects that influence the market including impediments, challenges, opportunities and drivers, etc.

Increase in global biofuel production and usage owing to increased usage in automobiles and aviation sector to reduce carbon dioxide emissions is expected to have appositive impact on the market growth during the forecast period. Performance material applications are poised to experience significant growth over 40% CAGR by 2023.

Increasing use of ingredients derived through biotechnological route or from vegetable oil rather than animal sources is likely to drive market growth. Factors like use of alternative bio fuels, alteration in top feedstock harvest that is sugarcane are likely to hinder the market growth.

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Europe farnesene market size, with Germany, UK and France at dominating positions is likely to witness a substantial growth owing to use of sustainable product derived from biomass and implementation of environment measures to limit GHG emissions. Furthermore, the thriving European cosmetic industry is anticipated to impel industry demand. APAC region is projected to register surge in personal care and cosmetic industry with remarkable gains at a CAGR over 28% during the projected timeframe. Furthermore, increase in per-capita disposable expenditure capacity together with existence of several large scale manufacturing companies is anticipated to propel APAC demand in next few years.

Latin America market is forecast to see strong gains during the projected time frame.

Amyris dominate the global farnesene market share. It uses yeast to manufacture through biotechnology route. It has collaborated with Kuraray, Total, IFF to develop target molecule for relative applications including polymers, biojet fuels and fragrances. At present, Chromatin and Intrexon are in emerging stage for reaching commercial production level.

Author NameDhananjay Punekar