Blood Glucose Monitoring Device Market SWOT Analysis, Growth Rate of Top Manufacturers Profiles

 Global Blood Glucose Monitoring Device Market: Opportunities in 2021

The Blood Glucose Monitoring Device market is anticipated to reach over USD 2.61 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the orthopedic treatment dominated the global Blood Glucose Monitoring Device market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue in 2017.

 

The increasing need for home care diagnosis and real time data by the end users to primarily drive the blood glucose monitoring device market during the forecast period. These devices have potential market due to the rising technology advancements in this industry during the forecast period. Moreover, the major supporting factor for this market growth is the number of populations suffering from diabetes. According to the World Health Organization (WHO), approximately there were direct deaths if 1.6 million in 2015, and this number is attributed to rise by 2030 making diabetes the 7^th leading cause of death globally.

 

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Furthermore, the changing life style of the people, and rising preference to the sedentary life style to also support the market growth in the coming years. However, lack of awareness, limited use of these devices, and no proper reimbursements regulation by the government would impede the market growth during the forecast period. 

 

North America generated the highest revenue in the Blood Glucose Monitoring Device market in 2017, and is expected to be the leading region globally during the forecast period. Increasing demand, rising patient awareness for proper self-diagnosis methods, which saves the time, money, and provides accurate real-time data about the patient health. Also, decreasing cost & time of treatment, and continuous research and development in the same field to also boost the market growth in coming years. While, Asia Pacific blood glucose monitoring device market  is supposed to the fastest growing market during forecast period.

 

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The key players operating in the Blood Glucose Monitoring Device market include Abbott Laboratories, Terumo Corporation, ARKRAY Inc., Medtronic Plc., Acon Laboratories Inc., Roche Diagnostics Ltd., Johnson & Johnson, Novo Nordisk A/S, Becton, Dickinson and Co., Sanofi, Bayer AG, Ypsomed AG. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

Healthcare IT Market SWOT Analysis, Growth Rate of Top Manufacturers Profiles

 Global Healthcare IT Market: Opportunities in 2021

 

Global Healthcare IT Market estimated to reach USD 324.9 Billion by 2026 says a new report by Polaris Market Research. The demand for healthcare IT is majorly driven by continuous technological advancements for providing improved healthcare facilities, increased government support & spending on healthcare IT solutions, and rising need to manage individual health data at a single platform. Moreover, need of decreasing healthcare cost by increasing adoption of healthcare IT systems would also influence the growth of HCIT market in the forecast period. Despite of higher investment cost, healthcare IT market would notice growth in the future.

 

Healthcare information technology (HCIT) involves the designing, development, and use & maintenance of various IT systems for the healthcare industry. Todays, healthcare industry has observed a continuous shift for value-based care model. This model is majorly focused on improving quality of care with the help of patient engagement, meeting regulatory requirements, and delivering personalized customer experience. Similarly, data aggregation, risk and care management should be considered for building interoperability between the healthcare providers.

 

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Healthcare IT market by products & service is further segmented as healthcare provider solutions, healthcare payer solutions, and healthcare IT outsourcing services. Healthcare provider solutions hold the major share of the HCIT market due to rising need for managing the patient’s health data, and interconnecting healthcare providers that in turn saves the time and cost of treatment for patients.

 

North America maintained a dominating position in the global healthcare IT market in 2017, followed by Europe and Asia Pacific. North America’s healthcare IT market is primarily driven by growing adoption of HCIT solutions, and controlling healthcare cost. In addition, need for maintaining operational efficiency in the healthcare organizations, and concern for well-established healthcare IT infrastructure would drive North America’s HCIT market. Asia Pacific has a potential market in healthcare IT industry. Countries like India, and China show rapid growth which is observed due to, continuous governments efforts for improving healthcare services to provide better infrastructure for the patients.

 

The leading companies operating in this industry include Afga Gevaert Group, Novarad Corporation, GE Healthcare, Allscripts Healthcare Solutions, Inc., Mckesson Corporation, Philips Healthcare, Cerner Corporation, Hewlett-Packward, Oracle Corporation, Optum Inc., and E-MDS Inc.

 

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Key Findings from the study suggest solutions available in the market are much more cost-effective and manufactures are continuously concentrating on the advancements that abides the governments laws for patient safety. Companies are in a stage of development of new products in order to guarantee simple implementation for healthcare providers. North America is presumed to dominate the global healthcare market over the forecast years and Asia Pacific region shows signs of high growth owing to the booming economies of India, and China.

Automotive Lighting Market SWOT Analysis, Growth Rate of Top Manufacturers Profiles

 Global Automotive Lighting Market: Opportunities in 2021

 

The global Automotive Lighting market is anticipated to reach around USD 48.08 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the passenger cars dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global Automotive Lighting market.

 

The expanding global automotive industry, along with increasing demand for passenger cars majorly drives the Automotive Lighting Market growth. The adoption of advanced automotive lighting solutions has increased significantly owing to increasing awareness regarding use of energy efficient lighting solutions, and growing need to improve road safety. Other factors driving the market growth include growing disposable income, technological advancements, and changing lifestyles. New emerging markets, emerging consumer demographics, and increasing adoption of eco-friendly lighting solutions would provide growth opportunities for automotive lighting market in the coming years.

 

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The use of LED lights in automobiles has increased significantly and these lights are gradually replacing halogen and xenon lights for headlamps and daytime running lights. LED technology is being used for rear lights, brake lights, indicators and daytime running lights owing to their reduced costs and greater flexibility. High brightness white LEDs offer improved visibility, are smaller in size, and offer controlled illumination pattern to avoid dazzling other drivers on the road.

  

In 2017, Asia-Pacific accounted for the highest share in the global automotive lighting market. Established automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. The introduction of stringent government regulations regarding vehicular safety and use of eco-friendly lighting solutions accelerates the adoption of automotive lighting in the region. The economic growth in countries such as China, Japan, and India, rising living standards and growing disposable income further increases the demand of automobiles in the region. Expansion of global players into these countries to tap market potential boosts the Automotive Lighting Market Growth.

 

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The leading companies profiled in the Automotive Lighting Market report include Osram GmbH, Koninklijke Philips N.V., Zizala Lichtsysteme GmbH, Magneti Marelli S.P.A., Stanley Electric Co., Ltd., Ichikoh Industries, Ltd., Hella KGaA Hueck & Co., Koito Manufacturing Co. Ltd., General Electric Lighting, and Valeo S.A. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Autonomous Cars Market SWOT Analysis, Growth Rate of Top Manufacturers Profiles

 Global Autonomous Cars  Market: Opportunities in 2021

The worldwide Autonomous Cars Market is anticipated to reach over 263,532 units by 2026 according to a new research published by Polaris Market Research. In 2017, North America accounted for the majority share in the global autonomous cars market.

 

The increasing adoption of connected cars, along with growing need to automate driving to reduce human errors majorly drives the autonomous cars market growth. Market players such as Google, BMW, and Mercedes are increasingly developing advanced technologies for self-driving cars. The increasing need for improved road safety, and increasing disposable income would encourage consumers to invest in autonomous cars. Other factors driving the autonomous cars market growth include technological advancement, growing adoption of IOT, and dynamic mobility services. New emerging markets, emerging consumer demographics, and significant investments in research and development would provide numerous growth opportunities in the market during the forecast period.

 

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In March 2018, Nissan announced the integration of ProPilot Assist, its semi-autonomous driver assist system into its range of Nissan Altima cars. ProPilot Assist is a Level 2 self-driving system offering speed control, distance from other cars, and lane control with minimal input from the driver. Cameras integrated into the system are capable of detecting lane markings at highway speeds, adaptive cruise control, lane-keeping, and blind spot detection.

 

 

North America is expected to dominate the global autonomous cars market during the forecast period. This is due to high living standards and high disposable income. Presence of global players in these countries taps market potential and boosts the market growth. Increasing technological advancements and significant investments in research and development for development of self-driving cars support the market growth in this region. The government regulations regarding testing of driverless automobiles on public roads enables market players to introduce advanced self-driving technologies.

 

The major companies operating in the autonomous cars market include General Motors, Alphabet Inc., Uber, Daimler, BYD, Nissan, Honda Motor Corporation, Tesla Motors, Bayerische Motoren Werke AG, and Mercedes-Benz among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Cyber Security Market SWOT Analysis, Growth Rate of Top Manufacturers Profiles

 The cyber security market is anticipated to reach over USD 269.76 billion by 2026 according to a new study published by Polaris Market Research. In 2019, the enterprise segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue in 2019.

 

The growing need for protection of sensitive data, and increasing cyber terrorism has boosted the adoption of cyber security solutions. The rising penetration of mobile devices, and increasing trend of BYOD further support the growth of this market. Additionally, the increasing demand of cyber security solutions from small and medium enterprises has supported market growth over the years. Increasing investments by vendors in technological advancements coupled with growing demand for cloud-based cyber security solutions would accelerate the growth of the cyber security market. However, However, growing use of pirated cyber security solutions, and complexities associated with device security hinder market growth. Growing demand from emerging economies is expected to provide numerous growth opportunities in the coming years.

 

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The cases of cyber-attacks in the healthcare sector have increased significantly over the years. The high demand for electronic health records in the black market has resulted in numerous cyber-attacks. The healthcare sector is prone to cyber-attacks owing to limited budget allocation by healthcare institutions for cyber security. The healthcare sector is dominated by small practices and rural hospitals, which lack the resources for investment in cyber security, thereby increasing risks of cyber-attacks. However, introduction of affordable cyber security solutions for healthcare sector, increasing awareness, and growing incidences of cyber-attacks are expected to promote the adoption of cyber security in this sector.

 

North America generated the highest revenue in the market in 2019, and is expected to lead the global market throughout the forecast period. The increase in number of cyber-attacks, and growing trend of BYOD drive the market growth in the region. The growing penetration of mobile devices, and technological advancements further support market growth in the region. The increasing spending on data protection in BFSI and defense sectors in the region further promote market growth in the region. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to growing need for data privacy across various industries in the developing countries of the region.

 

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The end-users in cyber security market include BFSI, IT & Telecom, healthcare, retail, defense and government, travel and hospitality, and others. In 2019, the defense and government segment accounted for the highest market share owing to increasing need to protect sensitive data and avoid cyber-attacks. The growing government spending to provide enhanced cyber security to the public sector and increasing implementation of cyber security installations in the defense sector, especially in developing countries, supports the market growth in this sector. The increasing adoption of cloud-based cyber security in this sector is expected to support market growth in the coming years.

 

The well-known companies profiled in the report include Symantec Corporation, Cisco Systems Inc., BAE Systems Inc., EMC Corporation, Hewlett-Packard Enterprise, Intel Security, Palo Alto Networks, Proofpoint Inc., LogRhythm Inc., IBM Corporation, Fortinet, Inc., and Centrify Corporation among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Vascular Access Device Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

 The global vascular access devices market size is expected to reach USD 8.03 billion by 2028 according to a new study by Polaris Market Research. The report “Vascular Access Devices Market Share, Size, Trends, Industry Analysis Report, By Application (Administration of Fluid & Nutrition, Transfusion of Blood Products, Diagnostics & Testing, Administration of Drugs); By Device; By Route of Insertion; By End-Use; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The demand for central vascular access devices was high in 2020. The central vascular access devices include tunneled catheters, non-tunneled catheters, peripherally inserted central catheters, implanted ports, and others. Implanted ports enable repeated and long-term access to the bloodstream usually over months to years.

 

It is used for longer-term delivery of IV medications, antibiotics, IV nutrition, and other IV fluids. An implanted port is a combination of a medical-grade rubber catheter placed in a large vein in the chest, and a port attached to the catheter. Implanted ports are placed completely beneath the skin and do not interfere with daily activities.

 

There has been a high demand for vascular access devices for the administration of drugs. This application segment is expected to grow at a significant rate during the forecast period. The increasing use of vascular access devices for the treatment of diseases such as cancer, coupled with technological advancements for the delivery of effective healthcare services drives the market growth.

 

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Governments across the globe are investing significantly in the development of advanced healthcare infrastructure, boosting market growth. The intravenous vascular access devices segment dominated the global market in 2020. Intravenous devices are usually used to administer chemotherapy drugs, antibiotics, antifungal drugs, and pain medication among others.

 

Vascular access devices are used in diagnostic centers, hospitals, clinics, ambulatory surgery centers, and others. The hospital segment accounted for the highest share in 2019. The increasing occurrence of cancer and cardiovascular diseases coupled with government initiatives to offer advanced healthcare services to citizens supports the growth of this segment.

 

North America market dominated the global vascular access devices industry in 2020 and is expected to maintain its dominance over the forecast period. High living standards, significant investment in healthcare services, and the increasing occurrence of lifestyle-related diseases support market growth in this region. However, Asia-Pacific is expected to exhibit significant growth during the forecast period.

 

Increasing geriatric population coupled with increasing awareness regarding preventive healthcare fuels growth in this region. Leading global players are expanding their presence in developing nations of China, Japan, India, and South Korea to tap the growth opportunities offered by these countries.

 

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Owing to technological advancements, and the greater need to cater to customer requirements, companies are collaborating in order to strengthen the market presence and gain market share. Broadening of the product portfolio is another trend that is visible in the industry.

Some of the major market participants include Smiths Medical, Inc., B Braun Melsungen AG, Terumo Corporation, Edwards Lifesciences Corporation, Romsons Scientific & Surgical Pvt. Ltd., Becton, Dickinson and Company, Baxter International, Teleflex Incorporated, Fresenius Medical Care AG & Co. KGaA, Siemens Healthineers AG, Nipro Medical Corporation, C.R.Bard, Inc., Navilyst Medical, Inc, Medtronic PLC, and Ameco Medical.

 

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Iot In Healthcare Market SWOT Analysis, Growth Rate of Top Manufacturers Profiles

 According to a new study published by Polaris Market Research the global Internet of Things (IoT) in healthcare market is anticipated to reach USD 477.9 billion by 2025.

 

Internet of Things in healthcare integrates advance technology with medical devices to collect or exchange data, which can be used to create a well-organized healthcare system in terms of energy, time, and cost. Integration of IoT with medical devices helps to monitor patients more effectively. Data obtained from device assist physicians and healthcare providers to make decision regarding patients who require more care and attention. Moreover, IoT in healthcare helps in proactive management of disease by providing early diagnosis with accurate data.

 

One of the important components of IoT based healthcare management system is e-health. Among various other services, an online appointment service is the most common e-health service. Online appointment services allow easy as well as quick access to online healthcare record of patient along with online interaction of a physician. Moreover, these service tracks and monitors location of specialist and patients and alarms user before expiry of equipment.

 

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Increasing prevalence of chronic disease such as cardiovascular disease, neurological and cancer ailments, increasing demand for cost-effective disease management, advancement in IoT technology, and implementation of favorable government regulatory policies are the some of the key factors driving growth of the global IoT in the healthcare market.

 

The global Internet of Things (IoT) in healthcare market is segmented on the basis of component, technology, application, and end user. By component, the global Internet of Things (IoT) in healthcare market is further segmented into system and software, medical devices, and services. The system and software segment is expected to witness highest growth during the forecast period. System and software segment is further segmented into network management, remote device management, data analytics, application and network security.

 

The medical devices segment is further segmented into implantable, stationary, and wearable medical devices. The services segment by component is further segmented into three major categories including managed services, system integration & consulting services, and support & maintenance services.

 

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By end user, the global IoT in healthcare market is further segmented into hospitals, clinics and surgical centers, clinical research organization, diagnostics and research labs, and defense and government institutes. Clinical Research Organization (CRO) segment is expected to register high growth during the forecast period. Increasing adoption of IoT in pharmaceutical and biotechnology industry for development of efficient healthcare infrastructure is expected to drive the growth of this segment in the global market.

 

The key players operating in global IoT healthcare market include Medtronic PLC, Royal Philips, Cisco Systems, Inc., IBM Corporation, GE Healthcare, Microsoft Corporation, SAP SE, Qualcomm Life, Inc., Koninklijke Philips N.V., Honeywell Life Care Solutions, and Stanley Healthcare among others. Major market players are focused on strategic partnership, innovative product launches to maintain their positions in IoT healthcare market.

 

Mobile Mapping Market SWOT Analysis, Growth Rate of Top Manufacturers Profiles

 Global Mobile Mapping Market : Opportunities in 2021

Global Mobile Mapping Market is anticipated to reach US$ 55.8 billion by 2026, according to a new research published by Polaris Market Research. In 2017, the travel and logistics segment dominated the global mobile mapping industry, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

 

The penetration of mobile devices, and growing applications of mobile mapping in sectors such as automotive, transportation, telecommunication, mining, BFSI, and defense among others have boosted the growth of the overall industry. The increasing demand for location-based services, improved network connectivity, and improvement of components and mapping software support the market growth. Use of geospatial information in applications such as infrastructure management, risk and emergency management, urban planning, resource management, and logistics has increased the demand of mobile mapping solutions over the years. Increasing investments by vendors in technological advancements coupled with increasing applications in city planning and development of smart cities would support the growth of this market during the forecast period. Growing demand from emerging economies, and advancements in mapping analytics are factors expected to provide numerous growth opportunities to the mobile mapping industry in the coming years.

 

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The adoption of mobile mapping is rising at a significant rate worldwide. Mobile mapping is increasingly being used for various applications such as BFSI, government, defense & intelligence, agriculture & forestry, telecommunication, transportation, real estate, and others. Varied applications of this technology include topographic mapping, infrastructure planning, traffic management, GIS data collection, asset management, land survey, imaging services, emergency response planning, and others and others. Defense and military sectors utilize mobile mapping on a large basis primarily for geospatial mapping. The increasing concern for security has led the defense sector to become a prominent buyer for geospatial intelligence and mapping services all over the world.

 

North America generated the highest revenue in 2017 and is expected to lead throughout the forecast period. The increasing applications in the transportation and logistics sectors have increased the demand of mobile mapping in the region. Growing use in defense, and government sectors further boosts the market growth. Local players are introducing low cost solutions with high performance to cater to the growing consumer demand. Numerous key players have adopted partnership and expansion strategies to increase their market share in the region. Asia-Pacific is expected to grow at the highest CAGR during the forecast period

 

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The well-known companies profiled in the mobile mapping market report include Microsoft Corporation, Foursquare Labs, Inc., Tomtom NV, Mapquest, Inc., Trimble Navigation Ltd., Apple Inc., Google Inc., Leica Geosystems Inc., Garmin International, and EveryScape, Inc. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Flexible Packaging Market SWOT Analysis, Growth Rate of Top Manufacturers Profiles

 Global Flexible Packaging Market: Opportunities in 2021

 

The global Flexible Packaging Market is anticipated to reach $335 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the food and beverage segment accounted for the highest market share in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global Flexible Packaging market revenue in 2017.

 

The increasing disposable incomes and growing demand for fast moving consumer goods drives the growth of the flexible packaging market. Growing urbanization has resulted in urban citizens spending most of their time at work and everyday commute, which has increased the demand for convenient packaging for on-the-go consumption, thereby supporting the flexible packaging market growth. Brand owners are taking initiatives to optimize packaging operations to meet the global competition, increase productivity, enhance shelf life of products, improve overall efficiency, and create brand differentiation in the market. The demand for new and unique packaging sizes, shapes and configurations has increased from industries such as food and beverages, cosmetics, and healthcare among others. The increasing need to offer convenient packaging solutions while also addressing environmental concerns has boosted the flexible packaging market growth.

 

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Numerous key players have adopted partnership and acquisition strategies to increase their market share in the global flexible packaging market. For instance, In December 2015, Mondi Group signed an agreement for the acquisition of 95% of the outstanding share capital in KSP, Co. KSP is a flexible packaging company based in South Korea with strong focus on production of high-quality spouted and retort stand-up pouches for food, pet food and beverage industries. The acquisition of KSP compliments Mondi’s stand-up pouch operations in Korneuburg, Austria and Jackson, US while expanding its presence in U.S. and Asia. In July 2016, Mondi Group also signed an agreement to acquire Uralplastic. Uralplastic manufactures a range of consumer flexible packaging products for food, hygiene, homecare and other applications. The acquisition of Uralplastic supports the development of Mondi’s consumer packaging business, strengthens its presence in the Russian consumer packaging market, and expands its offerings in the flexible packaging market.

 

Asia-Pacific generated the highest market share in terms of revenue in 2018 in the flexible packaging industry, and is expected to lead the global Flexible Packaging market throughout the forecast period. The growing population, rising disposable incomes, and increasing living standards support the growth of flexible packaging industry in the region. The increasing demand from the food and beverage, and retail industry is expected to generate numerous opportunities for the Flexible Packaging industry.

 

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The well-known companies profiled in the Flexible Packaging report include Amcor Limited, Mondi Group, Berry Plastics Corporation, Sonoco Products Company, American Packaging Corporation, Novolex Holding Inc., Bemis Company, Inc, Constantia Flexibles International GmbH, Ampac Holding, and Sigma Plastics Group. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Human Machine Interface Market SWOT Analysis, Growth Rate of Top Manufacturers Profiles

Global Human Machine Interface (HMI) Market: Opportunities in 2021

The global Human Machine Interface Market is anticipated to reach USD 11.88 billion by 2026 according to a new study published by Polaris Market. Major factors for the human machine interface market growth includes the rising adoption of industrial automation equipment in manufacturing industry, growing smart automation demand, growth of industrial internet of things, and rising need for monitoring in the manufacturing facilities. Further, advancements in HMI programming software with the purpose to incorporate ability to manage multi-vendor environment is expected to intensify market growth during the forecast period. Advantages such as remote operation along with extensive adoption of HMIs by the Oil & Gas industry and water treatment plants to operate in harsh environments is expected to further propel the human machine interface market. Further, it has also stimulated manufacturers to develop devices with enhanced wear and tear property.

 

The rising trend towards protocol conversion for exchanging data between connected devices is further driving the human machine interface market growth. Furthermore, developments in technology for instance, open platform architecture ensuing enhancement of the mitigation process is fueling the market growth. However, factors such as change in business process and high capital requirement are the key challenges impacting to the market growth. Moreover, inadequate skilled professionals and lack of awareness regarding HMIs also acts as restraints to the market.

 

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The North American region is anticipated to dominate the human machine interface market during the projected period. Growth in discrete industries, rising demand for advanced software, and significant adoption of innovative manufacturing process are the factors responsible for the market growth. The Asia Pacific region is anticipated to witness a very high growth. Technological advancements in several industries and rising infrastructure and economic developments in Japan, India, China, and other Southeast Asian economies are the key factors propelling market growth in the Asia Pacific region.

 

Key strategies adopted by the players in the market includes new product launches, product developments, acquisitions, expansions, and collaborations for enhancement of product offerings and expanding reach. ABB Ltd., Eaton Corporation, Siemens AG, Emerson Electric Co., Honeywell International Inc., Yokogawa Electric Corporation, Rockwell Automation Inc., Mitsubishi Electric Corporation, American Industrial Systems Inc. and Schneider Electric SE among others.

 

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Industrial IOT Market SWOT Analysis, Growth Rate of Top Manufacturers Profiles

 Global Industrial Iot (Iiot) Market: Opportunities in 2021

 

According to a new study published by Polaris Market, the global Industrial Internet of Things (IIoT) market is anticipated to reach USD 771.72 billion by 2026. Industries worldwide are looking for new business models to construct a connected enterprise for merging their operational and information departments. This transformation is expected to enhance the overall productivity, operational efficiency, and visibility as well as decrease the complexities of diverse procedures in the industry. The capability of IIoT to decrease costs is the major factor responsible for its high adoption by the industries. Other factors include increased productivity, time-to-market, and process automation. Moreover, decreasing sensors prices has also helped in the reduction of overall costs related to data collection and analytics.

 

The role of IIoT is becoming more prominent in allowing easy access to machines and devices. The adoption of IIoT is further anticipated to escalate globally attributed to increasing innovative efforts by major players such as GE, Cisco and Huawei, as well as increasing initiatives sponsored by governments. 

 

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For instance, the government of Germany is sponsoring a multi-year strategic initiative ‘Industrie 4.0’, focused on uniting the major participants from public and private sectors along with academia for the creation of an action plan and a broad vision to implement digital technologies in the country’s industrial sector. Furthermore, “Made in China 2025” initiative of the Chinese government is helping the promotion and integration of digital technologies in the industrial sector of China.

 

The market in the Asia Pacific region is projected to grow at the fastest CAGR owing to considerable adoption of IIoT in the countries such as Japan, Taiwan and China. Manufacturing companies across these countries are recognizing the advantages offered by the implementation of IIoT in their production line. China is the dominating country in the Asia Pacific market due to the presence of several manufacturing companies in the region and high adoption of automation technologies.

 

Some of the major players operating in the Industrial IoT include Corning Incorporated, ABB Ltd., Cisco Systems, Inc., General Electric Company, Siemens AG, Rockwell Automation, Inc., IBM Corporation, Microsoft Corporation, ARM Ltd., Intel Corporation, and Kuka AG among others.

 

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ATV and UTV Market SWOT Analysis, Growth Rate of Top Manufacturers Profiles

 Global All-Terrain Vehicle And Utility Task Vehicle Market: Opportunities in 2021

The global ATV and UTV market generated $9.2 billion in 2017 and is anticipated to grow at a CAGR of 8.3% during the forecast period according to a new report published by Polaris Market Research.

 

All-terrain vehicles (ATV) are small, open, and single-seated motor vehicles with three or four tires. It has the ability to operate on a wide variety of terrains such as forests, mountains, snow, and other rough terrains. These vehicles have deep-threaded tires that enable the vehicles to be driven on rocky, muddy, and root cover terrains. Utility task vehicles are IC engines or electric motors powered vehicles driven through steering, and used in applications such as farming, mining, and rescue.

 

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The demand for ATV and UTV has increased over the years owing to increasing tourism activities. The increasing trend of sports activities and adventure sports has increased the demand for these vehicles. The growing consumer disposable income and improving living standards also fuel the market growth. Other factors supporting the market growth include technological advancements, increasing applications in defense and agriculture sectors, and supportive government initiatives.

 

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global ATV and UTV Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. North America generated the highest revenue in 2017 owing to increasing applications in agriculture, defense, and mining applications. The high disposable incomes, and government initiatives to promote sport activities have resulted in market growth in the region.

 

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Competitive Landscape and Key Vendors

The global ATV and UTV market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

 

The leading companies profiled in the report include Yamaha Motors, Honda Motors Co Ltd, Deere & Company, Polaris Industries, Kubota Corporation, Caterpillar Inc., Kawasaki Heavy Industries Motorcycle & Engine Company, Bobcat Company, Hisun Motors, and Bombardier Recreational Products.

 

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Engineering Services Outsourcing Market SWOT Analysis, Growth Rate of Top Manufacturers Profiles

 Global Engineering Services Outsourcing Market: Opportunities in 2021

The global engineering services outsourcing (ESO) market size was estimated to be at 402.4 billion in 2018 and is anticipated to grow at a CAGR of 21.0% from 2019 to 2026 according to a new report published by Polaris Market Research. The report “Engineering Services Outsourcing Market Size, Share, Trends & Industry Analysis Report By Location Outlook (Onsite, Offshore); By Application Outlook (Automotive, Energy, Network & Communications, Industrial Automation, Medical Technology, Industrial Electronics and Automated Embedded Engineering Services, Consumer Electronics, Semiconductors, Construction, Aerospace); By Regions; Segment Forecast, 2019 – 2026” provides insights on the current market scenario and the future trends in this market.

 

The major factors which are driving this market is the access to low cost highly skilled resources which can work towards complex tasks of not only designing and testing but also on validation, simulation and execution. Companies are moving from business process outsourcing to knowledge process outsourcing and major industry verticals such as automotive, consumer electronics, semiconductors, aerospace and telecom are providing huge opportunities to the consulting companies.

 

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Major players which are profiled in the study include HCL Technologies Limited, IAV GmbH, P+Z Engineering GmbH, Tata Consulting Services Limited, Wipro Limited, EDAG Engineering GmbH, ASAP Holdings GmbH, FEV Group, Cybage software, Kistler Instruments AG, Infosys Ltd, among others.

 

The traction of offshore outsourcing can be seen owing to the low cost and added capabilities from the service providers. There are pureplay ESO service providers which are not only providing basic services but also, they are jointly investing with the companies to expand their businesses in growing markets and geographies. Companies are also focusing on ESO services to expand their market reach along with faster turnaround times from these providers. These are some of the major advantages for the companies to outsource their services.

 

The engineering services outsourcing market has been evolved from outsourcing of simple low-cost engineering services to capacity augmentation. These days companies are focusing more on reduced timelines, increased productivity and quality of outsourcing services. Countries such as India, China are the biggest market for ESO providers.  Growing number of engineering professionals every year coupled with low cost of service have pushed the market for ESO in this region. 

 

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Companies in North America and Europe are considered to spend more on these services however, Asia Pacific is the largest market for the ESO service providers. Countries such as India and China have pushed the market for ESO and are estimated to continue the trend over the forecast period. ESO applications in the automotive, telecom, consumer electronics and aerospace segments is considered to have large market share in 2018.

 

There has been an increase in adoption in the offshore services as compared to onsite service due to low costs and highly skilled professionals on the offshore locations. The offshore outsourcing type would grow at a higher rate during the forecast period as compared to its counterpart. The major restrains this market is facing is the intellectual property theft specifically during the offshore outsourcing. This is the major problem faced by many companies, which eventually generates a loss for these companies. However due to strict laws and changing regulations, this challenge is expected to overcome during the forecast period.

 

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