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Decline in Demand of Consumer Network Attached Storage Nas Market to Hinder Revenue Growth During the Forecast Period

The ineffectiveness of traditional storage solutions has paved way for adoption of advanced storage options, particularly to record crucial consumer-centric data. Handling greater volumes of data transference has also necessitated the need for enclosing such data storage systems within a network. As opposed to single computer storage, individuals, as well as entrepreneurs, are growing more inclined towards setting network attached storage (NAS) servers. Remote access to such servers becomes more convenient for consumers, especially when improving operational efficiency and minimizing storage costs is a must. Persistence Market Research’s recent study explores the opportunities for adoption of such consumer-based NAS systems, predicting that by the end of 2024, the global market for consumer network attached storage will be valued at US$ 4,088.7 Mn.

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Apropos the report, titled “Consumer Network Attached Storage (NAS) Market: Global Industry Analysis and Forecast, 2016-2024,” the global consumer NAS market is presently valued a little over US$ 1,545 Mn, and will exhibit a healthy 11.6% CAGR during the forecast period. Factors such as rising demand for speedy transference of bulk data, growing need for efficient data backup plans, and increasing implementation of cost-effective storage options have been identified as the key drivers for the global consumer network attached storage market. Nevertheless, a steadfast adoption of consumer NAS systems across the globe is facing challenges such as competitive advantage of cloud-based storage services, and complex nature of expensive consumer network attached storage systems.

Higher Demand for Consumer NAS in Middle East & Africa

Even though a majority of global consumer NAS revenues emanate from North America, the Middle East & Africa region is being perceived as highly lucrative. Adoption of consumer network attached storage systems is expected to be rapid in this region. The MEA consumer NAS market is also being projected to exhibit the highest value CAGR – 14.2%. With North America at the forefront, the global consumer network attached storage market will also witness substantial growth across Europe and Latin America. Meanwhile, the Asia-Pacific consumer network attached storage market will expand at 10.6% CAGR through 2024.

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Rising Adoption of Standalone Consumer NAS Solutions among SMEs

Based on the report findings, the global market for consumer network attached storage will be showcasing a greater contribution from small & medium enterprises (SMEs). In 2017 and beyond, SMEs will remain as the largest end-users of consumer network attached storage systems in the world. The demand for consumer NAS is also expected to remain substantial among residential end-uses, revenues from which are likely to reach US$ 1,315.2 Mn by 2024-end. Likewise, these end-users are actively adopting standalone consumer network attached storage system, as opposed to rackmount. The design of consumer NAS will continue to play a pivotal role in growth of the global market. By the end of 2024, more than US$ 2,700 Mn worth of standalone consumer NAS systems will be sold in the world. And, leading tech companies that will be catering to such surging global demands include, D-Link Corporation, NEC Corporation, Seagate Technology PLC, Netgear Inc., Western Digital Corporation, Synology Inc., EMC Corporation, ASUSTOR Inc., QNAP Systems, Inc., and Drobo Inc.

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Opportunity Assessment of Asia Pacific Latin America And Emea System Integration In Telecommunication Market Reveals Profitable Avenues for Manufacturers

Persistence Market Research projects –

  • The future of global telecommunication industry will witness higher adoption of complex information systems which will facilitate speedy data convergence
  • System integrators will play a key role in compiling information emanating from multiple and advanced telecommunication network standards
  • Integration of business support systems (BSS) and operation support systems (OSS) will boost the support for end-to-end telecommunication services and bring forth some improved customer management solutions

Owing to rising urban population, growing strength of telecom networks, brimming data transference, and deployment of advanced technologies, the demand for system integration in telecommunication continues to surge in regions namely, Asia-Pacific, Latin America, Europe, Middle East and Africa. A latest study published by Persistence Market Research has estimated that the market for system integration in telecommunications across these regions is presently valued at US$ 22.5 Bn. By the end of 2024, these regions will collectively showcase revenue growth at an impressive 6.3% CAGR and witness the market for system integration in telecommunication reach US$ 36.9 Bn in value.

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Rapid System Integration in Telecommunications across Asia-Pacific (APAC)

The demand for system integration in telecommunication across APAC countries is projected to witness revenue growth at 7.1% CAGR. A majority of system integration solutions adopted across APAC telecommunications industry will be directed towards OSS, revenues from which will reach US$ 10.6 Bn by the end of 2024. China will contribute with more than one-third of overall revenues, while India, New Zealand, Australia, Japan and ASEAN countries will showcase rampant revenue growth. Vodafone Hutchinson Telecommunications, Telstra Corporation Ltd., SingTel Optus Pty Limited, NTT-Docomo Corporation, Ideal Cellular Ltd., Reliance Communications, and Softbank Corporation are some of the prominent IT service provider in the APAC telecommunications industry.

Telecommunication Services in Latin America awaiting System Integration

On an average, 40% of revenues procured in Latin America’s system integration in telecommunication market will be emanating from Brazil. The demand for integrating OSS and BSS will also gain traction in Mexico and Argentina. Although, the overall system integration in telecom market in Latin America is being projected to expand at a moderate CAGR of 4.4%. High implementation costs of system integration solutions are imposing a relatively less adoption in Latin America, as opposed to the APAC region, Europe or Middle East & Africa. Leading IT service providers mapping Latin America’s telecom industry are identified as Telefonica Brasil, TIM Brasil, Telecom Argentina SA, Nextel, Telcel, Claro Brasil, and Telefonica SA.

High Integration of OSS/BSS Systems in Europe, Middle East & Africa (EMEA)

The EMEA system integration in telecommunication market is presently valued US$ 10.5 Bn. In the Middle East and Africa, South Africa is projected to exhibit high value CAGR of 7%, while the European system integration in telecommunication market will see consolidated growth from the EU5 – Spain, Germany, Italy, France and the UK. These five countries will also dominate the overall EMEA region, accounting for over 40% value share by the end of 2024. The MTN Group, Saudi Telecom Company, Vodacom, and Airtel Africa are leading telecom service providers across the Middle East and Africa. The telecom industry of Nordic countries and Russia is mapped by IT service providers namely, Telenor ASA, VimpelCom Ltd., and Mobile TeleSystems. Meanwhile, companies such Deutsche Telekom, Orange SA, BT Group plc., Telefonica SA and Vodafone Group plc. are charting the waters of telecommunication services in EU5 countries.

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The report has also profiled leading providers of system integration solution in telecom across Asia-Pacific, Latin America, Europe, the Middle East & Africa. These include,

  • Oracle Corp.
  • Redknee Inc.
  • Huawei Technologies Co. Ltd.
  • Sigma System Canada
  • NetCracker Technology Corporation
  • Openet Telecom
  • Ericsson
  • Comptel Corp
  • Amdocs

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

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Adoption of Analog Ics Market to Rise During the Forecast Period Owing to Increasing Consumer Awareness

A recent report published by Persistence Market Research projects that, the global market for analog IC products, which was valued at US$ 48.73 billion in 2016, will soar steadily at 6.2% CAGR to reach US$ 79.06 billion by the end of 2024.

COMPANIES COVERED IN ANALOG ICS MARKET REPORT

Company Profiles

  • Qualcomm Technologies, Inc.
  • STMicroelectronics 
  • Analog Devices, Inc. 
  • Infineon Technologies AG 
  • NXP Semiconductors
  • Maxim Integrated
  • Skyworks Solutions, Inc.
  • ON Semiconductor
  • Linear Technology
  • Others

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Asia-Pacific – Fastest-Growing Analog IC Market

In terms of regional growth, global analog IC market will witness utmost dominance from Asia-Pacific (APAC) countries. By the end of 2024, revenue from every other analog IC product that will be sold in the world will be accounted by the APAC region. In the projected period, the APAC analog IC market is anticipated to surpass US$ 40 billion valuation. North America will be the second-most dominant region, but is likely to incur revenue growth at less than 5% CAGR. In 2017 & beyond, Latin America, Europe and the Middle East & Africa will collectively account for less than 25% of global analog IC revenues.

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General purpose IC products & services are presently in demand from multiple industrial verticals. With time, analog IC will be designed according to the application it serves. While general purpose IC products accounted for 40% revenue share in 2016, global analog IC revenues emanating from sales of such products are ordained to experience decline. Corresponding to the dip in sales of general purpose IC products, industrial demands for analog IC products will be veering towards application-specific IC products. The report has projected that by 2024-end, revenues originating from global sales of app-specific IC products & services will be moving towards the US$ 50 billion yardstick. Soaring at nearly 7% CAGR, application-specific IC products will be accounting over 60% value share of global analog IC market by the end of assessment period.

Higher Demand for Analog IC in Automotive Applications

Application of analog IC products will continue to spanned across industries such as communications, healthcare, manufacturing, consumer electronics, and automotive, among others. Analog IC products are gaining adoption in communication industry by playing an integral role in multiple device connectivity. Considering higher use of analog IC products in production of multimedia devices, global consumer electronics industry is projected to account for more than one-third of global market revenues over the forecast period. Key findings from the report indicate that automotive applications of analog IC products are expected to gain traction. Throughout the projection tenure, automotive applications are estimated to account for global revenues worth over US$ 12 billion.

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

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Manufacturers of Sustainability Energy Management Software Market to Benefit from Increasing Adoption of the Product During the Forecast Period

According to Persistence Market Research’s recently published report on the global market for sustainability & energy management software, factors driving the growth in demand for such software include:

  • Leading organizations across multiple industrial verticals are investing in development of such software to improve profit margins by ensuring greater return on capital and by reducing operating costs through advanced natural-resource management
  • As more companies are being aware of the benefits of sustainability & energy management software, developers are advancing their offerings through intrinsic reformations and custom-made deliveries, which is incidentally helping companies employ sustainability & energy management programs along industrial guidelines & regulatory obligations
  • Vendors are adopting sustainability & energy management software to capitalize opportunistic profits from big data analytics, cloud computing, remote connectivity, mobility and other emerging technologies.

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The report estimates that the US$ 753.3 Mn market for sustainability & energy management software will expand across the globe at 10.8% CAGR to bringing in a little over US$ 1,700 Mn by the end of 2024. During this eight-year forecast period, above factors will instrument an impressive revenue growth for the global sustainability & energy management software market.

In the report, titled “Sustainability & Energy Management Software Market: Global Industry Analysis and Forecast, 2016-2024,” North America has been currently observed as the largest sustainability & energy management software market in the world. Although, towards the latter half of the forecast period, the region will lose out its global dominance for sustainability & energy management software to Europe. With more than one-third share, Europe’s sustainability & energy management software market will be at the forefront, replacing North America as dominant region. Through 2024, even Europe is likely to be outpaced by rampant adoption of sustainability & energy management software in Asia-Pacific. The report expects that the Asia-Pacific sustainability & energy management software market will soar at 13.4% CAGR throughout the forecast period.

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The report has also profiled companies globally-prominent for developing sustainability & energy management software, which include

  • IBM Corp. (TRIRIGA)
  • Schneider Electric
  • SAP SE
  • ICONICS, Inc.
  • Urjanet
  • Thinkstep
  • Enablon
  • Accuvio
  • CA Technologies
  • UL EHS Sustainability
  • Verisae, Inc. 
  • Ecova, Inc.
  • Envizi
  • Gensuite LLC
  • Figbytes Inc. 
  • Others

 

The report further reveals that the global sustainability & energy management software market will remain split between on-premise and cloud-based software. In 2017, on-premise sustainability & energy management software will be in great demand, but will lose out to cloud-based software by the end of 2024. Cloud-based sustainability & energy management software are projected to account for more than half of global market revenues, towards the end of the forecast period. Automotive, building automation, utilities & energy, and oil & gas are noted as the most lucrative end-use industries for sustainability & energy management software. Collectively, these four end-use applications of sustainability & energy management software will register revenue growth at more than 11% CAGR. Likewise, carbon reporting & management modules in sustainability & energy management software will remain in great demand. Demand for software with sustainability reporting module is also expected to grow over the years, and is anticipated to exhibit highest revenue growth at 13.4% CAGR.

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

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Video Paas Market Growth to Register Steller Growth Owing to Increasing Adoption by End-use Applications

The global video communication platform as a service (PaaS) market demonstrates a highly fragmented business landscape, states Persistence Market Research (PMR) in a new research report. Several companies, namely,

  • Vidyo
  • GENBAND
  • Tokbox
  • Xura
  • Sinch
  • Agro.io
  • Twilio, Inc.
  • Sightcall
  • Others

These participants are focusing aggressively on the technological advancement of their products and services to meet the demand of their consumers. Over the next few years, they are expected to shift their focus towards partnerships and mergers and acquisitions in order to expand their consumer base. According to PMR’s estimations, the global market for video communication platform as a service was worth US$97.67 bn in 2016, reports the research study.

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Widening Application Base of Video Communication Platform as a Service (PaaS) to Boost Market’s Growth

The global market for video communication platform as a service (PaaS) is gaining remarkably from the increasing demand for this service in the business, media, education, and the healthcare sectors, rising uptake of video communication facilities in enterprises, and the augmenting penetration of the Internet, worldwide. The increase in the cloud integration is also propelling the revenue of the global market further. However, the increasing concerns among consumers pertaining to data security, rising quality issues, and the dearth of appropriate business cases for real-time communications may restrict the growth of the global market for video communication Platform as a Service (PaaS) over the next few years.

Various prominent trends are expected to administer the worldwide market for video communication Platform as a Service (PaaS) in the years to come. The augmenting popularity of 3D video conferencing, rising focus on mobile video conferencing, increasing uptake of browser-based video conferencing via WebRTC, and the surge in private cloud network by service providers are some of the key trends that are expected to influence the global market for video communication Platform as a Service (PaaS) during the period of the forecast, states the research study.

Presence of Technologically Advanced IT Infrastructure to Ensure North America’s Dominance

In terms of geography, the global market for video communication Platform as a Service (PaaS) registers its presence into Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. With a share of more than 85% in the overall market, North America emerged as the leading geographical segment of this market in 2016. The regional market is anticipated to retain its top spot throughout the forecast period, thanks to the presence of a technologically advanced IT infrastructure.

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Amongst other regional markets, Europe and Asia Pacific are likely to report a steady surge in their respective markets for video communication Platform as a Service (PaaS) over the forthcoming years. Europe is expected to benefit from the presence of a large pool of players while Asia Pacific will thrive on the ample untapped potential it offers, notes the research report.

The review is based on a report by Persistence Market Research, titled “Global Market Study on Video Communication Platform as a Service (PaaS): Private Cloud Segment to Account for 57.4% Value Share by 2016 End.”

The global market for video communication platform as a service (PaaS) is segmented into:

By Component

  • Hardware
  • Software
  • Service

By Vertical

  • Banking
  • Discrete Manufacturing
  • Government Agencies
  • Process Manufacturing
  • Healthcare
  • Telecommunication
  • Energy and Utilities
  • Investment Services
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific (APAC)
  • Middle East and Africa (MEA)

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About us:

 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

Contact us:

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E-mail id- [email protected]

Website: https://www.persistencemarketresearch.com

 

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Smart Machines Market Sales Revenue to Substantially Surge in the Next Ten Years

Persistence Market Research (PMR) delivers key insights on the global smart machines market in its upcoming report titled, “Smart Machines Market: Global Industry Analysis and Forecast, 2016-2024”. In terms of value, the global smart machines market is projected to register a healthy CAGR of 18.8% during the forecast period. This is attributed to various factors, regarding which PMR offers vital insights in detail.

On the basis of a component, the global smart machines market has been segmented into hardware, software, and service. Demand for smart machines is enhanced by increasing need to process and analyze big unstructured data among different sectors such as manufacturing, healthcare, aerospace, and defense. On the basis of machine type, the global smart machines market has been segmented into robots, autonomous cars, drones, wearable electronics and others.

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On the basis of technology, the global smart machines market has been segmented into cloud computing, big data, internet of everything (IoE), robotics, cognitive technology and effective technology. Affective technology segment is expected to expand with a substantial CAGR over the forecast period. Various enterprises working on cognitive computing are facing glitches and errors in technology. This, in turn, is encouraging adoption of affective computing. Cognitive computing technology enables emotions linking to a robot, assisting the robot in making rational decisions and performing more complex tasks.

Smart machines are deployed to enhance networked resources and implement distributed intelligence in manufacturing industries. Integration of devices provides more accessibility. Smart machines can be easily connected to a broader network of connected devices, enabling users to share data on numerous devices. This ensures users to connect/access their devices from anywhere and anytime. This is expected to fuel demand for smart machines in various industries. The market in Australia is expected to witness substantial growth in adoption rates of smart machines over the next five years. Autonomous robots are expected to find applications in agriculture and commercial sectors to overcome the lack of labor in the country. Australia-based companies have also been investing significantly in advanced technologies such as IoT.

Smart machines are programmed to make intelligent decisions in a time efficient manner. They are built to learn from their interactions and their precision increases over time. Hence, new developments in operational intelligence are encouraging companies to adopt systems that are smarter and efficient. Narrative Science Inc., a company that offers analytical solutions uses its virtual assistant Quill, which is programed using natural language processing to provide relevant solutions.

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This report covers trends driving each segment and offers analysis and insights of the potential of the smart machines market in specific regions. The markets in Europe, North America, and Asia Pacific are expected to register high growth rates between 2016 and 2024. MEA is a small but significant market for smart machines as governments in the Middle East countries are investing in this sector to digitize government services. The market in Europe is expected to gain substantial market share in terms of revenue. This is attributed to increasing demand for smart machines from the automobile and manufacturing industries in countries such as Germany and France. The APAC accounted for the highest market share in 2015 and is expected to gain 232 BPS by an end of 2024.

Key players in the global smart machines market include

  • Alchemy API Inc.
  • Apple Inc.
  • Digital Reasoning
  • Google Inc.
  • IBM Corporation
  • Narrative Science Inc.
  • Microsoft Corporation
  • BAE Systems
  • Creative Virtual
  • Rethink Robotics
  • Other

 

 

About us:

 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

Contact us:

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North America Ignition Interlock Devices Market to Generate Heightened Revenue Prospects for Manufacturers in the Next Decade

Persistence Market Research (PMR) announces the release of its latest report titled “North America Market Study on Ignition Interlock Devices: Increasing Incidences of DUI to Catalyze IID Demand in North America ”. According to the report, the North America ignition interlock devices market has been estimated to account for US$ 35.1 Mn by 2015 end and is expected to reach US$ 48.8 Mn by 2021 at CAGR of 5.6% during the forecast period.

In this report, the market has been segmented on the basis of technology, end use, and country. Each country is further segmented on the basis of technology and end-use.

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By technology, the market is segmented into two types, i.e., fuel cell technology and semiconductor technology. The fuel cell technology segment has been estimated to dominate the North America ignition interlock devices market, with the revenue share of 96.2% by 2015 end. This growth can be attributed to alcohol-specific judgment offered by fuel cell technology, high accuracy, calibration stability, and durability.

In terms of end use, ignition interlock devices market in North America is classified as compliance segment and commercial segment. Compliance segment includes users of ignition interlock devices who are convicted in DUI incidences. Compliance segment has been estimated to account for approximately 97.3% of the total market revenue by 2015 end and is expected to expand at a healthy CAGR of 5.7% during the forecast period. The commercial segment is anticipated to register a CAGR of 2% in terms of value during the forecast period.

In North America market, the semiconductor technology segment has been estimated to account for a miniscule share of 3.8% by 2015 end and is anticipated to expand at a CAGR of 1.4% during the forecast period owing to economical pricing as compared to fuel cell technology.

Ignition interlock devices North America market is mainly driven by stringent NHTSA regulation against drunk driving, voluntary use of ignition interlock devices by commercial fleet owners as a preventive measure against drunk driving, reduction in driving license suspension period of convicted driver using of ignition interlock devices, state ignition interlock programs etc.

Involvement of social organizations such as Mothers Against Drunk Driving (MADD) or Fathers Against Drunk Driving (FADD) has been contributing significantly to increased demand for ignition interlock devices in North America.

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However, launch of inbuilt ignition interlock systems by OEMs such as Volvo, or introduction of newer technologies – such as Sober Steering Company’s sensor technology which allows driver to confirm sobriety by placing a hand on a sensor pad attached to the dashboard or steering wheel – could pose a major threat to growth of the overall ignition interlock devices market. Social awkwardness caused while using a device in public could also pose as a restraint.

Country-wise, the U.S. has been estimated to dominate the North America ignition interlock devices market by 2015 end and is expected to expand at CAGR of 6.8% in terms of volume during the forecast period. This can mainly attribute to ignition interlock programs in each state in the U.S.

 

Each state in the U.S has its own ignition interlock program, wherein a DUI offender ordered by a judge to install ignition interlock device in his or her vehicles needs to participate in a program upon payment of a prescribed fee in order to regain his/her license.

Key market players are focusing on offering added features such as sleep mode (to save vehicle battery power), GPS tracker, real-time monitoring, and camera in ignition interlock device to enable efficient and accurate monitoring. Companies primarily promote their product through tie-ups with DUI attorneys, referral programs, and involvement with social organizations. Key market players in the North America ignition interlock device market include

  • Smartstart Inc.
  • Lifesafer Inc.
  • Alcohol Countermeasure System Inc.
  • Intoxalock.
  • Drägerwerk AG & Co.
  • KGaA, Monitech, LLC.
  • Alco Alert Interlock, Inc.
  • Guardian Interlock, LLC.
  • Alcohol Detection Systems, Inc.
  • Other.

 

 

About us:

 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

Contact us:

305 Broadway, 7th Floor
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Ph.no. +1-646-568-7751

E-mail id- [email protected]

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Demand for Advanced Predictive Analytics Software Market to Gain Momentum in the 2020 End-use Industry During the Forecast Period

According to a new market report published by Persistence Market Research “Global Market Study on Advanced and Predictive Analytics (APA) Software: Impelled By Deployment of Big Data Repositories,” the global Advanced and Predictive Analytics (APA) software market was valued at US$ 2,422.9 Mn in 2014 and is expected to expand at a CAGR of 8.6% from 2015 to 2020. The growth of the Advanced and Predictive Analytics (APA) software market is primarily driven by the implementation of Big Data repositories, such as NewSQL, NoSQL, Hadoop databases and other platforms, to enhance the ability of computing data and business value from APA. Additionally, the shift in preference of business analysts towards becoming data scientists is also contributing in boosting the growth of the global Advanced and Predictive Analytics software market.

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Advanced and Predictive Analytics (APA) software is mainly used to discover relationships in data and make predictions that are not apparent, hidden or too complex to be extracted using query, reporting and multidimensional analysis software. The market is currently witnessing the advent of different APA software with few using its own programming language and algorithms for building models, and rest including scoring engines and model management features that can execute models built using proprietary or open source modelling languages. The future outlook of the global Advanced and Predictive Analytics (APA) software market is characterized by cloud analytics, real-time analytics, persuasion modelling and ensemble modelling.

On the basis of end-users, the Advanced and Predictive Analytics (APA) software market is segmented into banking and financial service, insurance, government, public administration and utilities, pharmaceuticals, telecom and IT, retail, transportation and logistics, healthcare, manufacturing, media and entertainment, energy (oil, gas and electricity), engineering and construction, tourism and sports. Among these, BFSI and retail are the most dominant sectors and are expected to continue the adoption of APA software during the forecast period. Additionally, with increasing data from multiple sources, other sectors, including manufacturing, education and healthcare, are also expected to witness traction in the adoption of the APA software in the near future. Rise in adoption of APA software in these sectors is attributed to the advantages it offers, such as loading and analysis of massive amounts of data in real time to accelerate ad hoc queries and reports, detecting fraud, remaining compliant and developing models to reduce cost & improve service quality.

This report also covers trends driving each market segment and offers analysis and insights on the potential of the Advanced and Predictive Analytics (APA) software market in some of the key regions, including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific (excluding Japan), Japan and the Middle East & Africa. Among these regions, the North America market was valued at US$ 1,121.3 Mn, in 2014, thereby accounting for the significant revenue share of the market, owing to the wide adoption of business intelligence solutions across diverse application segments in the region.

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The Asia Pacific (along with Japan) market was valued at US$ 313.0 Mn in 2014. The market in Asia Pacific is expected to expand at a CAGR of 8.3% during the forecast period, with countries such as India, China, Japan, South Korea, Singapore and Philippines driving the adoption of APA solutions in the region. The growth across these countries is primarily driven by several leading players, which are setting up their offices in this region with a view to expanding their operations. Also, growing Internet-based business models and application of Internet solutions in the traditional business models of enterprises is expected to create potential growth opportunities for players in the Advanced and Predictive Analytics (APA) software market during the forecast period.

Companies covered in Advanced Predictive Analytics Software Market Report

  • International Business Machines Corporation (IBM)
  • SAS Institute Inc.
  • Microsoft Corporation
  • SAP AG
  • Tableau Software Inc.
  • Information Builders, Inc.
  • Fair Isaac Corporation (FICO)
  • Teradata Corporation
  • Acxiom Corporation
  • Oracle Corporation
  • TIBCO Software Inc.

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

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Beauty Devices Market Unit Sales to Witness heightened Growth in the Near Future

According to a new market report published by Persistence Market Research “Global Market Study on Beauty Devices: Asia to Witness Highest Growth by 2020,” the global beauty devices market was valued at USD 19,389.1 million in 2014 and is expected to grow at a CAGR of 18.7% from 2014 to 2020, to reach an estimated value of USD 54,186.9 million in 2020.

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Globally, the beauty devices market is witnessing significant growth due to increasing disposable income, which is enabling people to spend more on personal care. In addition, rise in aging the population and increasing prevalence of skin diseases and harmful effects of ultraviolet radiation are also driving the growth of the market. However, there are various risks and complications associated with beauty devices which may lead to bruising, swelling, and redness. In addition, extended availability of easy-to-use beauty products inhibits the growth of the market. The global beauty devices market is anticipated to grow from an estimated USD 19,389.1 million in 2014 to USD 54,186.9 million in 2020 at a CAGR of 18.7% during the forecast period.
In North America, increasing aging population and availability of advanced devices are driving the use of beauty devices in the market. In addition, in the U.S., there are around 750,000 beauty salons and spas. These beauty salon and spas have propelled the demand for beauty devices and personal care products in order to offer better services to their customers.
In Europe, the beauty devices market is driven by rising aging population. In addition, in Spain the market is evolving due to rising awareness about potential healing applications of beauty devices in the treatment of skin and hair problems.
However, in Asia the growth for beauty devices is much higher than developed countries due to increasing disposable income, availability of multinational brands and the introduction of less expensive beauty devices.
  • L’Oréal Group.
  • Nu Skin Enterprises, Inc.
  • Home Skinovations, Ltd.
  • PhotoMedex, Inc.
  • TRIA Beauty, Inc.
  • Syneron Medical, Ltd.
  • Koninklijke Philips N.V.
  • Panasonic Corporation.
  • Carol Cole Company.
  • Procter & Gamble.
  • Other.

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The beauty devices market is segmented as follows:
Beauty devices market, by usage area
  • Salon
  • Spa
  • At-home
  • Others
Beauty devices market, by type
  • Hair removal devices
  • Cleansing devices
  • Acne devices
  • Rejuvenation devices
  • Light/LED therapy and photo rejuvenation devices
  • Oxygen and steamer devices
  • Hair growth devices
  • Skin Derma rollers
  • Cellulite reduction devices
  • Others
Beauty devices market, by geography
  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • The U.K.
  • Asia
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Rest of the World (RoW)

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

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Growth in Demand from Consumers to Heighten Sales of Consumer Electronics Market

Persistence Market Research indicates staggering growth prospects for the global consumer electronics market. The market is expected to approach a value of US$ 1,712.9 Bn by 2016 end, which may raise at a CAGR of 15.4% over the next four years. Smartphones will remain the dominant consumer electronics product type, whereas Asia Pacific will continue to be the leading region over 2016-2020.

The middle-class population is increasing worldwide, since the past few years. Moreover, urban consumers have been indicating a shift in lifestyle. Growing preference for usage of electronic devices in daily chores is primarily driving the market for consumer electronics. Soaring Internet penetration and increasing disposable income are allowing consumers to use multiple electronic devices. This will continue to fuel the market growth over the next few years. Rapid adoption within a short span from their inception is a prominent factor indicating the potential of wearable electronics adoption.

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Growing awareness about the benefits of electronic devices will also be a key factor strongly supporting the market growth. Rising popularity of the connected homes concept is likely to push the demand for smart home devices over the forecast period. Smart mobile devices, kitchen appliances, HVAC systems, and intelligent security systems will especially gain traction within the next few years. With rising government support to digitalization of a variety of services, the market is likely to witness surging promotion and adoption of consumer electronics. Moreover, technological advancements and consistent R&D leading to new product launches will boost the market growth during the forecast period.

Relatively lower technological awareness among consumers in developing regions and higher costs of electronic devices currently available in the market may collectively continue to create a barrier to the growth of the global consumer electronics market. Recently identified quality issues and technological hazards, especially in smartphones, also play a key role in restricting adoption of smart consumer devices on a global level.

By device type, the global consumer electronics market is segmented into consumer electronic device, wearable device, and smart home device. The three key categories are further sub-segmented. Among these, the consumer electronic device segment will remain dominant with over 97% share of the global market by the end of the forecast period. On the other hand, the smart home device segment is poised to expand at the fastest CAGR through the forecast period. This segment will, however, continue to attract the maximum revenues from smartphones sub-segment, followed by PCs sub-segment.

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Based on region, the global consumer electronics market is classified as North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA. APEJ is anticipated to retain dominance with over 31% market value share by 2020 end. While North America followed by Europe, will be the next major markets, APEJ market is foreseen to witness the fastest CAGR.

The key players participating in the highly competitive landscape of the global consumer electronics market, include Apple Inc., Sony Corporation, Samsung Electronics Co. Ltd., Hitachi Ltd., Toshiba Corporation, LG Electronics Inc., HP Inc., Panasonic Corporation, and Toshiba Corporation. The market involves a large number of globally established brands as well as newly entering regional brands. Key companies are largely focusing on innovative product launches and cost-effective product development through strategic M&A.

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About us:

 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

Contact us:

305 Broadway, 7th Floor
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E-mail id- [email protected]

Website: https://www.persistencemarketresearch.com