Friday, 22 May 2020

Quality Management Software Market Development Factors, Latest Opportunities and Forecast 2026

The new report The Global Quality Management Software Market was estimated at USD 6.86 billion in 2017 and To Exceed $15.48 Billion By 2026; according to a new market research report by Polaris market research. “Quality Management Software (QMS) Market [By Solution Type (Complaint Handling, Audit Management, Change Management, Non-conformance/corrective & preventive, Document Control, Others); By Deployment Type (On premise, Cloud); By Company Size (Small and Medium Enterprises, Large Enterprises) By Application Type (IT & Telecom, Healthcare, Transportation & Logistics, Consumer goods & Retail, Defense & Aerospace, Manufacturing) By Region] Market size & Forecast, 2017 – 2026”
Key players for QMS in the market are Aras Corporation, Dassault Systems SE, Hewlett-Packard Enterprise Co., MasterControl, Inc., Microsoft Corporation, Oracle Corporation, Parasoft Corporation, PSC Biotech Corp., SAP SE, Siemens AG, and Sparta Systems.
QMS is used to replace the paper based systems with automated quality management systems that follows stringent regulations and quality standards. This improves the product quality, increase the efficiency and satisfy the customer demands. QMS is anticipated to witness a remarkable growth owing to the standards and regulations compliance. The key factor that boosts QMS market is the solutions and systems used to ensure the high quality products and processes.
QMS reduces the risk of quality process failures and lower costs for large number of clients across a range of industries. QMS offers various features such as track deviations, improves non-conformances, improves safety and other features. Adoption of QMS can help the organization to improve their performance and overall competitiveness.
Owing to the strict regulations, embedded business models and complex procedures, in the manufacturing, transportation & logistics sector, the implementation of QMS has increased. These regulatory implications are another major driving factor for the market. The demand for QMS is driven by the consumer goods & retail segment which facilitates the user by delivering high quality products at a cheap price which meets the customer satisfaction.
QMS offers different solutions which include complaint handling, audit management, change management, as well as document control. The factor that trigger the growth of QMS is document control which ensures secure documents and offers a repository for all documentation that makes search and retrieval a very easy task. Another rising factor that boosts the market growth of QMS is cloud-based deployment which offers flexibility, scalability, and optimized processes. Due to the recent advancements in the technology most of the companies are switching to cloud based services.
Key Findings from the study suggest that North America is the major region for the quality management software in 2017. The quality management software is dominated by the segments such as non-conformance/ corrective & preventive solutions. The complaint handing market is expected to emerge as the key segment over the forecast period. Developing economies of Asia Pacific drive the demand of QMS with application in industries such as manufacturing, transportation & logistics. Change management is also one of the key reasons that gain traction in Asia-Pacific market. Another rising factor that boosts the market growth of QMS is cloud-based deployment which offers flexibility, scalability, and optimized processes. Due to the recent advancements in the technology most of the companies are switching to cloud based services.
Key Segments:
Quality Management Software Market Size and Forecast by Solution Type
  • Key findings
  • Complaint Handling
  • Audit Management
  • Change Management
  • Non-conformance/corrective & preventive Solution
  • Document Control Solution
  • Others
Quality Management Software Market Size and Forecast by Deployment Type
  • Key Findings
  • On-Premise
  • Cloud Based
Quality Management Software Market Size and Forecast by Company Size
  • Key Findings
  • Small and Medium Enterprises
  • Large Enterprises
Quality Management Software Market Size and Forecast by Application Type
  • Key findings
  • IT & Telecom
  • Healthcare
  • Transportation & Logistics
  • Consumer goods & Retails
  • Defense & Aerospace
  • Manufacturing
  • Others
Quality Management Software Market Size and Forecast by Regions
  • North America [U.S., Canada]
  • Europe [Germany, UK, France, Italy, Spain, Belgium, Netherlands, Rest of Europe]
  • Asia-Pacific [China, India, Japan, South Korea, Singapore, Malaysia, Rest of Asia-Pacific]
  • Latin America [ Brazil, Mexico, Argentina, Rest of Latin America]
  • Middle East and Africa [Israel, South Africa, Saudi Arabia, UAE, Rest of MEA]
For Further Insights and Segment-Specific Information, Contact a Market Analyst at @ https://www.polarismarketresearch.com/industry-analysis/quality-management-software-market/speak-to-analyst
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Smart Agriculture of 2020 and Beyond: How Technologies Are Reshaping the Farming Industry

Market Overview :

 The global smart agriculture market is projected to reach USD 20,635 million by 2026 growing at a CAGR of more than 14% from 2020 to 2026, as per a new research report published by Polaris Market Research.  The report ‘Smart Agriculture Market, [By Component (Hardware, Software, Services); By Application (Precision Farming, Yield Monitoring, Soil Monitoring, Irrigation System, Fish Farming, Horticulture, Livestock Monitoring, Smart Greenhouse, Others); By Region]: Market Size & Forecast, 2019 – 2026’ offers a wide analysis of different applications in smart farming along with insights related to current and future trends in the market.

During the last decade, the agriculture industry has undergone enormous transformation due to ever increasing demand for sustainable practices in farming. Multiple companies are involved in developing sustainable solutions and systems for farming. Also, it is observed that due to benefits of smart agriculture solutions, farmers gain the capability to improve yield via optimizing inputs and well-organized management of their farms. These factors have collectively resulted in rapid deployment of the smart farming solutions in various applications. Consequently, significant growth is anticipated in this market owing to the attractiveness of well suited and smart agriculture solutions over the risks associated with traditional farming methods.
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Some of the key players profiled in the smart farming market report include AG Leader Technology, AGCO Corporation, Trimble Inc., Precision Planting, Inc., AgJunction, Inc., Agribotix LLC, Deere & Company, The Climate Corporation, Autonomous Solutions, Inc., Drone Deploy, Raven Industries, CLAAS KGaA mbH, and CNH Industrial. Due to presence of higher amount of small and medium sized companies along with the large enterprises operating in this space, the market is observed to be highly fragmented.


Growth in population, and increasing preference towards automation of farm operations is expected to further support the market growth. The need for automation in faming operations is driven by the capability of improvement in produced crop quality, maximization of crop production, and enhanced productivity. Increased necessity to monitor livestock, along with the need to minimize the use of pesticides and fertilizers further boosts the adoption of smart agriculture. Other factors driving the growth of smart farming market include growth in the global agricultural industry, reducing availability of labour, and high labour costs. However, high initial investment costs associated with adoption of smart agriculture systems might restraing the growth in this market. Demand from emerging economies coupled with technological advancements are factors expected to present numerous opportunities for the growth in smart farming market during the forecast period.
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 Regional Analysis : 

North America accounted for the highest revenue share among all regions in the smart farming market during 2018. This is primarily due to high market penetration in U.S. and is further supported by extensive R&D activities by companies and presence of proper regulatory environment in this region. The different components used in precision farming include hardware, software, and services. During 2018, the hardware component segment accounted for the largest share in this market due to popularity and demand of hardware components such as Automation & control systems, sensing devices, LED grow lights, and HVAC systems which are widely used in farms to increase crop yield and improve productivity.


Polaris Market Research has segmented the global Smart Agriculture market on the basis of component, Application and region:


Smart Agriculture by Component Outlook (Revenue, USD Million, 2016 – 2026)
  • Hardware
  • Software
  • Services

Smart Agriculture by Application Outlook (Revenue, USD Million, 2016 – 2026)

  • Precision Farming
  • Yield Monitoring
  • Soil Monitoring
  • Irrigation System
  • Fish Farming
  • Horticulture
  • Livestock Monitoring
  • Smart Greenhouse
  • Others

Smart Agriculture by Region Outlook (Revenue, USD Million, 2016 – 2026)
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, RoE)
  • Asia Pacific (India, Japan, China, RoAPAC)
  • Latin America (Mexico, Brazil)
  • MEA
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Voice Recognition Market Analysis, Size, Share, Growth, Trends And Forecast 2026

The global speech and voice recognition market size is expected to grow to USD 31.49 billion by 2026 according to a new report published by Polaris Market Research. The report “Voice and Speech Recognition Market Share, Size, Trends, Industry Analysis Report By Component (Hardware, Software, Services); By Interface (AI-Based, Non-AI Based); By End-User (Automotive, Healthcare, BFSI, Consumer, Retail, Government, Home security & Automation, Others); By Regions, Segments & Forecast, 2019 – 2026”, provides step-by-step analysis into current market insights and detailed analysis of future market trends.

In 2018, the non AI-based voice and speech recognition segment dominated the global market in terms of revenue. North America is expected to be the leading contributor to global market revenue during forecast period. A currently moving demand for virtual assistants at homes and enterprises supports the growth of this market. A growing need for automation in customer service and integration of virtual assistants with smart home appliances (digital homes) drive the growth of market. A need to streamline enterprise communication to improve productivity further supports market growth. Other driving factors include increased use in automobiles, mobile banking applications and Electronic health record applications (EHR). The increasing use in biometric applications for user voice authentication would boost market growth during forecast period. A surging demand from emerging economies and technological advancements are factors expected to provide several growth opportunities in coming years.


An upward interest shone through in cars sector and expanding modernization of vehicles drove showcase development. The thought process being voice acknowledgements diminish mistakes enhancing market effectiveness. IT has been foreseen that half of ventures will be voice essays by 2020.  An increasing number of data lapses such as security attacks give reasonable credence to voice recognition systems that are more reliable authentication methods. Growing number of security concerns drive market.


North America came up with highest revenue in the market in 2017 and is anticipated to lead market gains through the forecast period. Use of intelligent virtual assistants to replace traditional interactive response systems has boosted market growth in the region. Use of intelligent virtual assistants is proving effective by enhancing customer and brand experience providing a consumer-friendly environment. The presence of established telecom and cloud infrastructure in the region and growing trend of BYOD drive the market growth in the region. The demand for voice recognition systems has grown significantly in BFSI and healthcare sectors in the regions. Increased adoption of smart homes and smart buildings would provide opportunities for market during forecast period.



China is the world’s largest populace and is expected to have high adoption rates for these technologies. The number of mobile transactions has reportedly increased which makes it ideal for implementation of this software.

Market players are introducing new products in the market to cater to a growing customer base and players are venturing into new markets to expand customer portal and make market presence strong.

The companies in the speech and voice recognition market include Google, Inc., Baidu, Inc., Facebook, Inc., Amazon.com, Inc., Advanced Voice Recognition Systems, Inc., Apple, Inc., IBM Corporation, Microsoft Corporation, Briana soft, VoiceBox Technologies, Fulcrum Biometrics, Neurotechnology, M2SYS Biometrics, Sensory Inc., Voice Base, INc., Agnitio Corp., Auraya Systems, VoiceTrust and Nuance Communications.


Segment Analysis
The global voice recognition market is segmented on the basis of component, interface, end-user, and region
  • Voice Recognition Market Size and Forecast by Component, 2018-2026
    • Hardware
    • Software
    • Services
  • Voice Recognition Market Size and Forecast by Interface, 2018-2026
    • AI-Based
    • Non AI-Based
  • Voice Recognition Market Size and Forecast by End-User, 2018-2026
    • Automotive
    • Healthcare
    • BFSI
    • Consumer
    • Retail
    • Commercial
    • Others
  • Voice Recognition Market Size and Forecast by Region, 2017-2026
    • North America (U.S., Canada)
    • Europe (France, Germany, UK, RoE)
    • Asia Pacific (India, Japan, China, RoAPAC)
    • Latin America (Mexico, Brazil)
    • MEA

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Mining Equipment Market Application, Revenue Status, Leading Player, Demand, Growth, Future Opportunity & 2026 Forecast

The global Mining Equipment Market is anticipated to reach USD 121.4 million by 2026 according to a new research published by Polaris Market Research. In 2017, the surface mining equipment segment dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global mining equipment market.

The rapid growth in the demand for metals and minerals majorly drives the growth of this market. Growing usage of resources such as coal and petroleum supports the market growth. The decreasing ore grades further accelerates the adoption of mining equipment. However, high initial investment costs associated with mining equipment, and strict government regulations limit the growth of the market. New emerging markets, and technological advancements would provide growth opportunities for mining equipment market in the coming years.

Asia-Pacific accounted for the highest share in the global mining equipment market during the forecast period. A significant growth in the emerging economies of China, Japan, India, and Australia among others drives the growth in this region. Increasing demand for petroleum and coal resources in the region, along with rising industrialization in developing countries of this region augment the market growth in the region. Leading global players are expanding their presence in developing nations of India, Indonesia, and Malaysia to tap the growth opportunities offered by these countries.

The various applications of mining equipment include metal mining, mineral mining, coal mining, and others. The metal mining equipment segment is expected to lead the mining equipment market during the forecast period owing to increasing demand from emerging economies. The increasing demand for metals such as silver, gold, platinum, and copper for various applications has increased the demand of mining equipment in this application. Use of precious metals such as gold and platinum in jewelry and ornaments has supported the growth of the market.  



The well-known companies profiled in the global mining equipment market report include Komatsu Ltd., Caterpillar Inc., Hitachi Ltd., AB Volvo, Liebherr Group, Caterpillar Inc., Atlas Copco AB, China Coal Technology and Engineering Group Corp., Joy Global Inc., Metso Corporation, Sandvik AB, and Northern Heavy Industries Group Co. Ltd 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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We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
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Thursday, 21 May 2020

Solar Panels Market Growth Factors, Regional Analysis, Applications, & Manufacturers and Forecasts 2026

polarismarketresearch.com added Solar Panels Market Report provides an analytical assessment of the prime challenges faced by this Market currently and in the coming years, which helps Market participants in understanding the problems they may face while operating in this Market over a longer period of time.

The global solar panels market size is anticipated to reach USD 90.23 billion by 2026 growing at a CAGR of 12.4% from 2018 to 2026 according to a new report published by Polaris Market Research. The well-known companies profiled in the Solar Panels market report include Yingli Green Energy Holding, Suntech Power Holdings, SunPower Corporation, Panasonic Solar Panels, Hanwha Q CELLS, Jinko Solar, Canadian Solar, Trina Solar, First Solar, and Bosch Solar Energy. 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


The increase in the adoption of renewable energy sources, significant investments in environmental protection, coupled with government initiatives aimed at increasing the adoption of solar panels majorly drives the market growth. Increasing demand for sustainable energy solutions and government efforts in the form of incentives and schemes boost the market growth. Growing concerns regarding environmental pollution caused by use of fossil fuels and their limited availability further support the market growth. New emerging markets, and declining costs of photovoltaic materials would provide growth opportunities in the market in the coming years.

Asia-Pacific generated the highest market share in terms of revenue in 2017, and is expected to lead the global market throughout the forecast period. The growing urbanization, and depleting traditional energy sources has accelerated the market growth in the region. A significant rise in the initiatives taken by governments of China, India, and Japan to promote the use of solar technology to reduce carbon footprint supports the market growth in the region.

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Incentives provided by the governments to the commercial sector industries using solar technology has resulted in high demand of solar panels in the region. Regions such as North America and Europe export solar cells from Asia-Pacific, thereby supporting the market growth in the region. Increasing awareness regarding use of renewable sources and green technologies augments the market growth in the region.

Polaris Market Research has segmented the global solar panels market on the basis of type, end user and region:

Solar Panels Type Outlook (Revenue, USD Billion, 2015 – 2026)
  • Monocrystalline
  • Polycrystalline
  • Thin-Film
Solar Panels End User Outlook (Revenue, USD Billion, 2015 – 2026)
  • Residential
  • Commercial
  • Utility
  • Others
Solar Panels Regional Outlook (Revenue, USD Billion, 2015 – 2026)
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, RoE)
  • Asia Pacific (India, Japan, China, RoAPAC)
  • Latin America (Mexico, Brazil)
  • MEA

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Wearable Sensors Market Manufacturers, Regions, Type And Application, Industry Analysis And Forecast Till 2026

polarismarketresearch.com added Wearable Sensors Market Report provides an analytical assessment of the prime challenges faced by this Market currently and in the coming years, which helps Market participants in understanding the problems they may face while operating in this Market over a longer period of time.

The worldwide Wearable Sensors Market is anticipated to reach around USD 4,281 million by 2026 according to a new research published by Polaris Market Research. In 2017, the consumer segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global wearable sensors market.

The expanding telecommunication industry, along with increasing demand from the healthcare sector increases the demand for wearable sensors. The increasing use of wearable sensors in consumer electronics and wearables, along with growing health awareness among consumers support the wearable sensors market growth. The rising adoption of MEMS and NEMS technologies, and IoT boosts the adoption of wearable sensors.  Other factors driving the market growth include growing geriatric population, technological advancements, and development of smart technologies. New emerging markets, emerging consumer demographics, and increasing applications would provide growth opportunities for Wearable Sensors market in the coming years.

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In 2017, North America accounted for the highest share in the global wearable sensors market. The primary factors driving the wearable sensors market growth in the region include established healthcare sector, rising healthcare costs, growing consumer awareness, and rising health concerns. The increasing demand for consumer electronics, technological advancements, and high investment in R&D further supports market growth in the region. The introduction of favorable government regulations regarding wearable sensors, and rising demand for fitness devices boost the wearable sensors market in North America. The increasing development of smart technologies, and growing adoption of connected devices and IoT further increases the demand of Wearable Sensors in the region.

The companies operating in the wearable sensors market include Infineon Technologies AG, Texas Instruments Inc., Broadcom Limited, Asahi Kasei Microdevices Corporation, NXP Semiconductors N.V., Robert Bosch GmbH, Invensense, Inc., TE Connectivity Ltd., Knowles Electronics, LLC, and Panasonic Corporation. 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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Digital Transaction Management Market to Receive Overwhelming Hike in Revenues by 2026

polarismarketresearch.com added Digital Transaction Management (DTM) Market Report provides an analytical assessment of the prime challenges faced by this Market currently and in the coming years, which helps Market participants in understanding the problems they may face while operating in this Market over a longer period of time.

The global Digital Transaction Management (DTM) Market is projected to reach USD 10,528.2 million by 2026, according to a new research published by Polaris Market Research. Digital transaction management is method of transforming traditional document-based processes to digital/electronic platform. In 2017 the electronic signatures solution segment dominated this market and in terms of regions North America is observed to be the leading contributor in the global market.

This market is majorly strengthened by increasing importance and focus on cloud services and IT security. There is a strong preference in the banking and financial services industry for adoption of digital transaction management solutions due to changing customer requirement. Thus, steady flow in volume of transactions done via digital platforms such as e-wallets, internet banking, etc. presents transaction service providers with a genuine growth opportunity in the digital transaction management market. Furthermore, extensive adoption and acceptance of various electronic devices along with the convenience of usage and transacting through these devices is pushing enterprises in various industries towards digitally transforming their operations in line with the dynamic consumer requirements and preferences. All these factors are eventually expected to have a positive impact on the progress of digital transaction management market across the world.


The market segments for digital transaction management are based on solutions, industry vertical, end user, and region. The digital transaction management solutions segment includes market for electronic signatures, document digitization, workflow automation, and security & compliance sub segments. Electronic signatures segment is expected to dominate this market in terms of digital transaction management solutions. End user segmentation in the digital transaction management market report covers SMBs and large enterprises. Major industry verticals in this market include BFSI, construction & real estate, education, government, healthcare, and IT & Telecom.

North America is observed to be the leading region in this market during 2017, and is expected to lead the global digital transaction management market throughout forecast period. Presence of established players and cloud infrastructure in this region, and growing trend of investments in cloud-based services drive the market growth in the region. Also, the growing demand from banking sector due to its strong preference for digital platforms, and further technological advancements support market growth in this region.


Some of the leading companies operating in the Digital Transaction Management (DTM) market include DocuSign Inc., Fluix, Kofax Inc., Captricity, Box, Namirial Spa, ZorroSign Inc., Insight Enterprises Inc., AssureSign LLC, ThinkSmart LLC, eOriginal, Inc., Euronovate S.A., DocuFirst, OneSpan, HelloSign, Accusoft Corporation, Connective. These companies offer innovative solutions to meet the increasing needs and requirements of consumers from multiple industry verticals

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Epoxy Resin Market Global Demand, Industry Growth,In-depth Analysis and Opportunities till 2026

polarismarketresearch.com added Epoxy Resins Market Report provides an analytical assessment of the prime challenges faced by this Market currently and in the coming years, which helps Market participants in understanding the problems they may face while operating in this Market over a longer period of time.

The global Epoxy Resin Market size is expected to reach USD 11.28 billion by 2026 according to a new study by Polaris Market Research.

Epoxy resins are significant raw materials to various end-use chemical compounds where each significant molecule is attributed a unique opportunity to convert to a useful thermosetting product. The major end-user industries for epoxy resins include electronics and paints and coatings followed by adhesives, composites, wind turbines and others. Epoxy resins find extensive use in powder coatings applied to automotive and appliances parts, in solvent-dipped coatings applied to substrates in corrosive environment and water-based coatings as electrodepositing primers in automobiles.



Epoxy resins possess favorable properties such as high thermal stability, mechanical strength, resistivity, adhesion, electrical, mechanical and heat resistance that makes it ideal choice for use in laminates, jewelry and insulators. Epoxy coatings are widely known for their use in manufacture of Printed Circuit Boards (PCB’s). The rapid conglomeration and urbanization of the world has led to development of the electronics industry with manufacture and design of such electronic products leading to growth of epoxy resins.

Epoxy resins are used in the production of composite fibers in the aerospace, race cars, marine, and other high-performance applications. Epoxy composites provide excellent strength along with weight reduction, increased strength, durability, and chemical resistance to the application products on account of which these composites are expected to gain interest from various end use industries.

The key leading players in the market include 3M, Aditya Birla Chemicals, Atul Ltd., BASF SE, DuPont, Huntsman, Cytec Solvay Industries, Kikdo Chemicals, MPM Holdings, Olin Corporation, Sika AG,  Nan Ya Plastics Corporation, Jiangsu Sanmu Group, Jubail Chemical Industries, Sinopec, Covestro AG, Arkema, Evonik Industries and SIR INDUSTRIALE S.p.A, among others.



Polaris Market research has segmented the Epoxy Resin Market report on the basis of type, application, and region
Epoxy Resins Type Outlook (Volume – Kilotons, Revenue – USD Million, 2015 – 2026)
  • DGBEA
  • DGBEF
  • Novolac
  • Aliphatic
  • Glycidylamine
  • Hardener
Epoxy Resins Application Outlook (Volume – Kilotons, Revenue – USD Million, 2015 – 2026)
  • Paints & Coatings
  • Wind Turbine
  • Composites
  • Construction
  • Electrical & Electronics
  • Adhesives
  • Others
Epoxy Resins Regional Outlook (Volume – Kilotons, Revenue – USD Million, 2015 – 2026)
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, RoE)
  • Asia Pacific (India, Japan, China, RoAPAC)
  • Latin America (Mexico, Brazil)
  • MEA
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