Technology – Tech Research and Analysis

Consumer Telematics Market Analysis, Size and Growth to 2022

High demand for big data analytics and related services is anticipated to be the primary factor that drives the consumer telematics market growth. Communication technologies and services that enable transfer of large data volumes in passenger vehicles on a real-time basis are referred to as consumer telematics. Vendors are focused on providing consumer safety via superior vehicle tracking products and services.

Proliferation of cloud-based services to deliver a highly personalized experience to the customer is also expected to positively impact the consumer telematics market demand over the foreseeable future. In addition, vendors also emphasize on developing interactive customer feedback systems that utilize cloud-based information. High demand for more personalized systems that help minimize driver cognitive load through filtration of intelligent data provides avenues for market growth. Decline in connectivity costs and high speed internet technologies such 4G and 3G may also catapult market demand over the forecast period.

Increased usage of mobile communications has set the stage for property and casualty insurers to develop a mutually beneficial relationship with policy holders. This has been more evident in the auto/motor insurance sector, which has witnessed the advancements in machine-to-machine (M2M) communication or telematics segment, generating data that helps assess risks and rewards for policyholders adhering to safe driving practices. Telematics and associated analytical tools are expected to help streamline and automate claim processes with real-times triggers and alerts. This will help reduce expenses for the insurers, and is estimated to drive the consumer telematics demand substantially.

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Automobile manufacturers are known to provide connected vehicle services to the consumers, which primarily include GPS, roadside assistance, emergency notifications, etc. However, rising penetration of both smartphones and embedded telematics devices with vehicle connectivity systems are expected to impel the advanced consumer telematics demand over the forecast period.

Companies are now focusing on providing customized products and services owing to advancements in technology that allow capturing meaningful insights from customer behavior analyzed through various means such as connected cars, smartphones, etc. High volume of vehicles embedded with telematics may drive down device cost and encourage innovation, which is further expected to impel the consumer telematics market growth over the next few years. Advancements in mobile application software, mobile technology and ubiquitous connectivity have significantly reshaped the consumer telematics industry. Smartphones today exhibit capabilities such as accelerometers and GPS, which further provides avenues for market growth.

Several regulations are emerging that are expected to drive consumer telematics demand. For instance, Brazil’s SIMRAV18 and the European Commission’s eCall, 16 Russia’s ERA-GLONASS17 are a few mandates that require vehicles to have systems that assist drivers during emergencies. Contran 24519 mandates that vehicles manufactured or imported to Brazil are required to have GPRS20 vehicle tracking modules that help minimize incidences of vehicle theft.

North America is expected to emerge as the dominant regional market in 2014 with the launch of several products and programs regarding consumer telematics. Asia pacific is also expected to witness considerable growth over the forecast period owing to high automotive demand across the regional market.

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Managed Security Services Market Analysis, Size and Share to 2024

The global managed security services market is expected to reach USD 60.94 billion by 2024, according to a new report by Grand View Research, Inc. The proliferation of advanced threats is expected to increase the adoption of managed security services over the forecast period.

Growing usage of cloud storage systems among organizations is driving the demand for cloud-based security services. Moreover, regulatory compliances in several countries to protect loss of information are enabling enterprises to deploy security services. For instance, in 2014, Russia announced the adoption of new regulations for the collection and storage of information only on the Russian territory effective from September 2016.

Managed security services are expected to grow at a robust pace owing to the fast emerging BYOD trend, increasing cybercrime activities and growing concerns for malicious malware attacks. Owing to the increasing consumer privacy regulations such as Personal Protection Act and Consumer Protection Regulations, various sectors such as BFSI and telecom are increasingly adopting these services.

Global managed security services market by region, 2014- 2024 (USD Million)

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Further key findings from the report suggest:

The managed endpoint threat protection is expected to remain the largest segment owing to the growing BYOD trends among organizations and the need to mitigate the growing malware threats
Cloud-based managed security services are expected to be the fastest growing segment owing to the rising number of remote workforce. Moreover, organizations are shifting from on-premise to cloud-based services to reduce the expenditure in managing these services.
Telecom & IT is expected to grow at a CAGR of over 16.5% owing to the increasing need to protect and maintain customer privacy. Compliance with regulatory and legal requirements is critical for telecom operators to sustain their operations.
The North America managed security services industry is anticipated to remain the largest over the forecast period. The continuous increase in computer hacking is leading to greater adoption of these services in the region.
Asia Pacific is expected to be the fastest-growing region, growing at a CAGR of over 19% from 2016 to 2024. Owing to the rising number of complex cyber threats, companies in the region are outsourcing network infrastructure security.
Key players in the managed security services market include Dell SecureWorks Inc., IBM Corporation, Symantec Corporation and Verizon Communications Inc. Companies are focusing on providing fully integrated security solutions to develop technologies in the security space.

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Flexitanks Market Analysis, Size, Share and Growth to 2024

The global flexitanks market is expected to reach USD 1.49 billion by 2024, according to a new report by Grand View Research, Inc. Increasing commodity export, particularly in Asia Pacific, is expected to foster flexitanks demand over the forecast period. Cost-effective and efficient nature of flexitanks has increased product popularity among the end-users. Flexitanks can carry more amount of liquid in a standard container than the ISO tanks or drums used for bulk transport traditionally.

Single trip was the leading product segment and accounted for over 90% of total market volume in 2015. Single trip flexitanks are very much cost-effective compared to multi-trip flexitanks, as they eliminate cleaning and repositioning costs incurred. Green logistic practices incorporated by most of the flexitank manufacturers and logistics providers ensure proper disposal of used flexitanks without causing any environmental ill-effect.

Virtually, flexitanks can be utilized for any liquid and semi-solid food material. This has helped higher flexitank penetration in the foodstuffs application segment. Higher operational benefits and cost-effectiveness have made flexitanks an attractive alternative.

U.S. flexitanks market volume by product, 2014 – 2024 (Units)

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Further key findings from the report suggest:

Global flexitanks market demand was 984,000 units in 2015 and is expected to reach 4,928,106 units by 2024, growing at a CAGR of 18.6% from 2016 to 2024
Foodstuffs were the leading application segment and accounted for over 30% of total market volume in 2015. Easy availability of FDA approved flexitanks in all regions has been a major factor for its increased penetration.
Chemical is expected to be the fastest growing application segment at an estimated CAGR of 19.0% from 2016 to 2024. The growth can be attributed to increasing popularity of flexitanks along with the fact that all non-toxic liquid chemicals can be transported using flexitanks.
Asia Pacific emerged as the leading regional market and accounted for over 60% of the total volume in 2015. Increasing commodity trade along with higher market penetration is expected to spur the regional market growth over the next seven years. The region is also expected to witness the fastest growth over the forecast period.
Key market participants operating in the global flexitanks market include Environmental Packaging Technologies Inc., Qingdao LAF Packaging Co. Ltd., Trans Ocean Bulk Logistics Ltd, and SIA Flexitanks Ltd.

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Intelligent Building Automation Technologies Market Analysis, Size and Growth to 2020

Intelligent building automation system (BAS) enables the user to monitor and control their building performance. It helps in enhancing efficiency and performance of energy utilization in buildings, allows managing lighting and HVAC devices. It also helps in reducing the operating costs and energy usage. The solutions provide ventilation, heating, lighting management, air conditioning management, digital energy networks, building data analytics, automated fault detection, micro-grid management, and automated demand response.

BAS solutions enhance management activities of the entire building through easy to use and simple software interfaces that can be accessed using smartphones, tablets, and laptops irrespective of the access location. All these features help in efficient management of a building. Focus on eliminating CO2 emissions, reducing operating costs of the systems, various initiatives taken by governments, benefits for real estate developers, growth prospect for developers, and high return on investment for the end users are factors expected to drive the global market.

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Increasing need for enhanced security and safety in intelligent buildings is also expected to considerably fuel market growth. Adoption of various protocols of building automation, development of open-ended architecture, providing technological information, implementation of intelligent building systems in residential buildings are expected to support market growth on a large scale. However, unavailability of skilled labor, lack of awareness among the end users, lack of promotions, and high initial investments may pose a challenge for market growth in the forecast period. Commoditization of the systems and development of comprehensive valuation model may act as market opportunities for the market players. Misaligned regulations and lack of uniformity in the implementation of technology have been the major issues in the market growth.

Physical security systems, life safety systems, and facilities management systems are the major product segments of the intelligent building automation technologies market. Life safety systems segment is expected to witness the fastest growth over the forecast period due the presence of various features such as emergency service during fire and earthquakes; whereas demand for physical security systems is expected to grow on a large scale, followed by facilities management system. Facilities management systems are expected to be the largest contributor to this market.

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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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Internet Data Centers Market Analysis, Size and Growth to 2020

The internet data centers market is expected to experience significant growth over the forecast period owing to continuous upgrading, maintenance, and large number of available applications. Growing usage of cloud computing coupled with the need for ubiquitous and sensitive data has stimulated the internet data centers market growth. Internet data centers provide maintenance of all resources through applications as well as integration of networking and server storage. The internet data centers are expected to have enormous market through the next six years owing to varied functionalities they offer. The internet data centers market has application areas such as cloud storage, application servers, Customer Relationship Management (CRM) systems, data warehouses, Enterprise Resource Planning (ERP) systems, and file servers. Other applications include enhancements in server capabilities, rise in information availability, augmented data access, easy setup, transparency of end-users, and platform-independence.

Growing implementation of cloud computing coupled with the need for sensitive and ubiquitous data is expected to drive the market. Internet data centers help in overcoming complications of flexibility, scalability, reduced costs, and manageability. The internet data centers manufacturers have produced high-performance servers that handle an increasingly large number of client requests. Deployment of internet data centers in hybrid clouds and heterogeneous environments is projected to be a key market opportunity in the near future.

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The market is segmented on the basis of solutions, end-users, verticals, and services. On the basis of solutions, the market comprises of networking, servers, and storage solutions. On the basis of end-users, the market is categorized into enterprises, cloud providers, and colocation providers. Based on verticals, the market can be categorized into banking, financial services, insurance, media &entertainment, and government. On the basis of services, market is divided into professional services, system integration, and monitoring services. Improvements in key competencies such as reliability, security, and multi-tenancy are expected to increase the acceptance of internet data centers over the forecast period.

North America is estimated to be a leading market for internet data centers. Rising demand for internet data centers in the Asia Pacific region is estimated to significantly propel the market through the next six years. Emerging market players in developing countries such as India and China are expected to increase their global presence through the next six years. However, the Europe market is expected to grow at a considerable rate over the forecast period.

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Smart Machines Market Analysis, Size and Growth to 2020

Machining systems and tools have undergone substantial growth in recent years. Technological advancement along with research and development activities has led to the development of smart machines. Smart machines are devices or systems that integrate machine to machine (M2M) technology, which enables them to solve problems or make decisions without human intervention. These systems possess the capability of performing repetitive tasks at high speeds and high accuracy.

Smart machines operate autonomously and help prevent and correct numerous processing errors caused by drift of thermal working point, changing conditions in the raw material or wear and tear of the mechanical components. These systems can provide status updates to a high-level control system through the exchange of information with other automation systems.

Furthermore, equipped with an extensive sensor network, smart machines are capable of holding information about an array of processes, machine condition, and their environment, thereby enhancing the quality and the uptime. Smart machines learn through application-specific algorithms and can improve their performance over time. Technological proliferation is expected to be the key factor driving the demand for smart machines. In addition, favorable government initiatives are expected to spur market demand. Rise in the number of investments by various enterprises to improve operational efficiency and productivity is expected to drive the market. Further, increasing

Rise in the number of investments by various enterprises to improve operational efficiency and productivity is expected to drive the market. Further, increasing the importance of automation and need to eliminate human errors by businesses is expected to positively impact market growth. However, the possibility of excessive use of machines in place of human labor is expected to lead to the rise in issues regarding unemployment, which is likely to pose a challenge to market growth.

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The smart machines market on the basis of product offerings is segmented into smart embedded systems, autonomous robots, neurocomputers, expert systems and intelligent assistants. Expert systems comprised medical decision support system and smart grid among others and accounted for the largest market share, closely followed by the autonomous robots segment. Further, the advanced robots offer more flexibility and adaptability owing to which this segment is expected to dominate the market during the forecast period.

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Hyperscale Data Center Market Analysis, Size and Growth to 2022

The hyperscale data center market was estimated at over USD 1.00 billion in mid 2015. The market is expected to experience significant growth over the forecast period owing to rising computing, networking, memory and storage resources demand in distributed or grid computing environments. Cloud computing has been changing data storage requirements and its rapid growth is expected to increase product demand over the forecast period. The product supports cloud services and is incorporated primarily in inexpensive off-the-shelf servers. Cost efficiency and flexibility to scale up are expected to propel the market over the next seven years.

Cloud companies investing in hyperscale data centers have been influencing the business of original design manufacturers. ODMs are manufacturers and the designers of white-labeled servers which are being sold by numerous technology vendors such as HP and EMC. ODMs direct sale to cloud based providers such as Google, Microsoft and Amazon is expected to augment the hyperscale data centers market over the forecast period.

Annual global IP traffic is expected to reach two-zettabyte threshold and the video content is expected to account for 80% of the global consumer internet traffic. Web services companies use hyperscale data centers to ingest, transcode, and process videos and this is expected to have a significant impact on industry growth over the next seven years.

With the help of the hyperscale data centers web services, numerous companies apply algorithms to the models that can recognize, classify and analyze relationships in the data and can be used to recommend content, tag photos and deliver relevant advertising.

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The new server and network design reduce power losses with direct current powered drives. In addition, the product is uniform and can save time on troubleshooting failed components which in turn is expected to increase their demand over the forecast period. The hyperscale data is employed in various application areas including social media, web 2.0, cloud computing, internet commerce, online game hosting and big data. Hyperscale business can be widely used by online and telecommunications companies. Increasing application scope in the internet banking sectors is expected to create new business avenues for the product over the next seven years.

Increasing application performance, server density and energy efficiency help reduce total cost of ownership. Traditional enterprise servers are extensive management tools and their equipment include network switches, blade systems, computing management, storage networks and hot-swappable hardware. The costs of this equipment and their complexity are expected to be major barriers for companies to meet efficiency requirements, product performance and TCO. However, open-source software and simple management tools are incorporated in hyperscale servers which help eliminate hardware component use and help to reduce the consumer cost. Hyperscale data centers operating efficiency and reduced operating expenditures is expected to increase product demand over the next seven years.

The key properties of the product include scalability for excellent performance, throughput, and capacity. The product also provides storage platform for low database transactions, high-capacity, protected data storage and replicated bulk storage. The OEM and ODM hyperscale segment is expected to be the fastest-growing server segment on account of its wide application scope in web interface, clustered database, bulk data storage, media serving, third-party hosting and data analytics.

North America is the largest cloud services market and dominates the hyperscale data center industry on account of increasing investments for technology development and low operation costs. Asia Pacific is expected to be the fastest growing market over the forecast period n account of their growing demand for various IT applications.

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Mining Drills & Breakers Market Analysis, Size and Growth to 2022

Increasing demand for underground mining of coal, metal, and minerals is expected to drive the mining drills & breakers market over the forecast period. Evolution of effective mining solutions based on robust technology is also expected to boost market growth. Rising demand for technically advanced solutions, commodities, and increasing consumption of fertilizer minerals is estimated to be a key market driver over the forecast period. In addition, surging demand from developing countries is also expected to impel the mining drills & breakers market demand. However, differences in import duties, socio-economic implications pertaining to mining, high cost of preventive maintenance & tariff restrictions, commodity price volatility, and growing environmental & health concerns may pose to be a challenge to market growth. Renting or leasing of equipment activity is expected to offer opportunities for the mining drills & breakers market over the next few years.

Hydraulic driller acting system enables the reduction of maintenance costs. Crawler type drills provide high level of drilling, whereas hole drills assist in drilling hole with higher diameter. The other products are primarily used for breaking and drilling rocks. Mining drills & breakers are used in an array of applications, including mineral mining, coal mining, and metal mining. These equipment are employed in settings, wherein breaking through the ground and sub-surface materials is of paramount importance.

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The Asia Pacific mining drills & breakers industry is expected to witness high growth over the forecast period owing to the increasing demand for minerals, metals, and coal; as well as the rise in sale of mine products and machinery. Manufacturing and energy industries are the key factors driving the regional mining drills & breakers industry growth. Furthermore, growing demand for natural resources is also expected to spur the regional market demand over the forecast period.

North America and Europe mining drills & breakers market is expected to witness moderate-growth owing to a decline in the mining industry. This decline may be attributed to the unavailability of sufficient mining ores in these regions.. The mining drills & breakers market is expected to witness considerable growth in Brazil and Middle East owing to increasing demand of mining products..

Komatsu Limited, Caterpillar Inc, Sandvik AB, Hitachi Construction Machinery, and Atlas Copco AB are the key players in the mining drills & breakers market. A few prominent China-based manufacturers include Northern Heavy Industries Group, Zhengzhou Coal Mining Machinery Group, China National Coal Mining Equipment, and China Coal Technology & Engineering Group.

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Vacuum Insulation Panel Market Analysis, Size and Growth to 2024

The global Vacuum Insulation Panel Market is expected to reach USD 9.07 billion by 2024, according to a new report by Grand View Research, Inc. Growing construction spending is expected to assist the growth for vacuum insulation panel over the forecast period. These are preferred more, owing to their thermal resistance properties compared to conventional insulation materials.

Moreover, the International Energy Agency issued strict regulations to conserve energy which has further propelled the demand for such panels. These panels help in reducing greenhouse gas emissions such as carbon dioxide from the atmosphere, thus helping to prevent polluting the environment to a large extent. Such a trend is anticipated to benefit the overall market over the next eight years.

However, vacuum insulation panels exhibit a heavier weight than conventional insulation materials which is expected to remain a key challenge for market participants. Factors such as, durability, shape and fragility are also anticipated to determine the demand for vacuum insulation panels in future.

Several R&D initiatives are being taken to introduce automated panels, which shall result in cost reduction of vacuum insulation panels over the forecast period. Recently, EVAL EVOH resins are added to provide an outer lamination coating for vacuum insulation panels to increase their shelf life.

U.S. Vacuum Insulation Panel Market revenue by core material, 2014-2024, (USD Million)

vacuum-insulation-panel-market

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Further key findings from the report suggest:

The global Vacuum Insulation Panel Market demand was 31.4 million square meters in 2015 and is expected to reach 45.7 million square meters by 2024, growing at a CAGR of 3.8% from 2016 to 2024
Silica-based panels dominated the global market in 2015 and are expected to grow at a CAGR of 4.2% over the next eight years. Silica-based panels are widely used in the construction industry due to its thermal resistant properties.
Flat glass emerged as the leading product segment and accounted for 55.4% of total market volume in 2015. Easy manufacturing method without any production hassles is an important factor that determines its growth over the forecast period.
Construction was the most dominant application with demand share exceeding 55% in 2015. The shift towards energy conservation coupled with increasing construction spending in Asia Pacific is expected to drive this segment.
Asia Pacific was the leading regional market and accounted for 42.6% of global demand in 2015. Growing urbanization coupled with increasing trend of infrastructural development due to rising population particularly in China and India is expected to steer the regional growth over the forecast period.
Major industry participants include Evonik Industries, Hausys Ltd, Panasonic Corporation, ThermoCor, OCI company Ltd. and Porextherm Dämmstoffe GmbH.

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Computerized Numerical Control Market Analysis, Competitive Strategies and Forecasts to 2020

Computerized Numerical Control (CNC) is a programmable automation type which various machining operations are carried out by microcomputers, and is directed by mathematical data. CNC can control the motion of tool or work piece, also the input parameters such as depth of cut, feed, speed, and functions such as turning coolant on/off and turning spindle on/off. CNC is used when high quality and effectiveness is required. Short production time, high manufacturing accuracy, greater manufacturing flexibility, reduction in human errors and contour machining are major benefits of CNC. Growth in machine tool industry has been a major contributing factor in this market; also the demand from retrofit segment has increased. However, high investment requirements may pose challenge to the growth of CNC market. High maintenance cost and requirement of skilled part programmer may act as market restraints.

By application, Aerospace sector and automotive sector have been major markets for CNCs. Industries such as woodworking, healthcare, jewelry and food industry have started adopting high performance CNCs. CNCs have been focused on large market segments of metal working machinery and machine tool market; and relatively smaller target which includes various cutting and material contouring applications in glass, wood and plastic.

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CNC are classified into machine tool and non-machine tool areas. CNC are used for milling machines, drill press, grinding units, lathe machines, lasers, etc., in machine tool category; for coordinate measuring machines, wielding machines, electronic assembly, winding machines, etc., in non-machine tool category. Demand for machine tool category expected to be high while demand for non-machine tool is expected to increase in future.

By class, CNC can be differentiated as high end class, middle range and low end classes. Major focus has been on high range class. Market demand for low range class is expected to increase on a large scale as domestic manufacturers have been seeking to improve their manufacturing competency, while market demand for middle range class is expected to increase at moderate pace.

CNC have been in demand in various regions such as Europe, North America, and Asia Pacific. Demand for CNC is expected to increase in Asia Pacific and North American regions. Western Europe is expected to continue as dominant region.

The market space is dominated by Mitsubishi Electric Corp., Siemens AG and Fanuc Corp. Other market players are Heidenhain GmbH,GSK CNC EQUIPMENT Co. Ltd., Fagor Automation, Soft Servo Systems, Sieb & Meyer AG and Bosch Rexroth AG.

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