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Showing posts from October, 2019

Automatic Bending Machine Market worth $2.4 billion by 2024

According to the new market research report   " Automatic Bending Machine Market by Type (Automatic and Semiautomatic), Technology (Electric, Hydraulic, Pneumatic, and Induction Based), Application (Tube/Pipe, Metal Sheet, Bar), Industry and Region - Global Forecast to 2024", the automatic bending machine market is projected to reach USD 2.4 billion by 2024 from USD 1.9 billion in 2019, at a CAGR of 4.5%. The growth of this market can be attributed to the high accuracy and safety offered by programmable blending. “Automatic type bending machines to capture larger market share than semiautomatic bending machines” Automatic bending machines offer ease of use and precision in bending works and hence are preferred over semiautomatic bending machines. The workpiece is loaded and unloaded automatically in automatic bending machines. This not only eases the bending operation but also offers safety to the operator. Download PDF Brochure @ https://www.marketsandmarkets

Wireless Testing Market worth $14.4 billion by 2024 with a growing CAGR of 6.7%

The global wireless testing market size was valued at USD 10.4 billion in 2019 and is projected to reach USD 14.4 billion by 2024; it is expected to grow at a CAGR of 6.7% during the forecast period. The adoption of advanced manufacturing techniques that require minimum human intervention and maintain quality of products has been increasing across different industry verticals. Recent advancements in wireless technologies such as 4G and 5G have increased the scope for wireless testing in a wide range of applications in the industrial and commercial sectors. Also, increased demand for low power consumption devices used to carry out machine-to-machine communication of devices fuel the demand for wireless devices. This, in turn, contributes to the growth wireless testing market, globally. Based on offering, the market for wireless testing services market is expected to grow at the highest CAGR. This high growth is attributed to the assessment of the quality and safety of products t

Purpose-built Backup Appliance (PBBA) Market worth $8.6 billion by 2024 with a growing CAGR of 10.6%

The purpose-built backup appliance market is expected to grow from USD 5.2 billion in 2019 to USD 8.6 billion by 2024, at a CAGR of 10.6%. The purpose-built backup appliance is used to take the backup of enterprise data. The market for the purpose-built backup appliance is driven by the rising awareness and focus of enterprises to protect their business data and recover it using this tool, growing adoption of IoT, and stringent rules & regulation such as GDPR to protect the data and offer security. Dell (US), Veritas (US), and HPE (US) are the leading players in the purpose-built backup appliance market. Other prominent companies in the purpose-built backup appliance market include NetApp, Inc. (US), IBM Corporation (US), Oracle Corporation (US), Fujitsu Limited (Japan), Commvault Systems, Inc. (US), Quantum Corporation (US), Barracuda Networks, Inc. (US), Hitachi Vantara Corporation (US), and Arcserve LLC (US). Download PDF Brochure @ https://www.marketsandmarkets.com/

RFID Market Projected to reach 31.42 Billion USD by 2023 with a growing CAGR of 7.7%

According to the new market research report " RFID Market by Product (Tags, Reader, and Software), Wafer Size, Working (Passive, and Active), Frequency( Low, High, Ultra-high), Applications, Form Factor (Button, Card, Electronic Housing, Implants), Label Type, and Region - Global Forecast to 2023" ,the radio-frequency identification (RFID) market is expected to be valued at USD 31.42 Billion by 2023, growing at a CAGR of 7.7% between 2017 and 2023. The factors that are driving the growth of this market are the increasing penetration of RFID in various industries; and evolution of IoT. “RFID market for tags expected to grow at the highest rate during the forecast period” The market for RFID tags is expected to grow at the highest CAGR between 2017 and 2023. Reduction in the costs have led to rise in adoption of RFID tags; demand for the tags will continue to raise competitive situations in the market, which in turn will lead to further innovations in the RFID syste

Smart Agriculture Market Projected to reach $13.50 billion by 2023

According to the new market research report " Smart Agriculture Market by Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse), Hardware (GPS, Drones, Sensors, RFID, LED Grow Lights), Software, Services; Application, and Geography - Global Forecast to 2023" , The smart agriculture market is estimated to be worth USD 7.53 billion in 2018 and is projected to reach USD 13.50 billion by 2023, at a CAGR of 12.39% during the forecast period. Factors such as increasing adoption of technologies in agriculture, rising need of monitoring livestock performance and health, government’s support to adopt modern agricultural techniques, and increasing demand for food worldwide are driving the growth of the smart agriculture market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=239736790 Hardware components to hold a major share of the market during 2018–2023 Hardware component is expected to hold a m

Wireless POS Terminal Market Projected to reach 13.00 Billion USD by 2023 with a growing CAGR of 11.59%

The report " Wireless POS Terminal Market by Component (Hardware, Software & Services), Type (Portable Countertop & PIN Pad, mPOS, Smart POS), Industry (Retail, Hospitality, Healthcare, Transportation, Sports & Entertainment), and Geography - Global Forecast to 2023" , The wireless POS terminal market was worth USD 6.73 Billion in 2017 and is expected to be valued at USD 13.00 Billion by 2023, at a CAGR of 11.59% between 2017 and 2023. The factors such as wide adoption of wireless payment terminal by retailers; growing use of EuroPay, MasterCard, and Visa (EMV) cards; increasing e-commerce transactions; increase in cashless transactions in different countries; and growing adoption of wireless technology in mobile handsets and wearables drive the growth of the wireless POS terminal market. Wireless POS terminal market for mPOS expected to grow at highest CAGR during forecast period Mobile POS (mPOS) implementations allow the service and sales industries

Automated Container Terminal Market worth 10.89 Billion USD by 2023 with a growing CAGR of 3.7%

According to the new market research report " Automated Container Terminal Market by Degree of Automation (Semi-Automated and Fully Automated), Project Type (Brownfield and Greenfield), Offering (Equipment, Software, and Services), and Geography - Global Forecast to 2023" , the automated container terminal market is expected to grow from USD 9.09 Billion in 2018 to reach USD 10.89 Billion by 2023, at a CAGR of 3.7% during the forecast period. The growth of this market is attributed to the growing demand for large container ships, increasing labor cost in developed nations, and growing competition among container terminals. Ship-to-shore cranes held largest share of automated container terminal market for equipment in 2017 Ship-to-shore (STS) cranes are the largest cranes used in the marine and shipping industries. These cranes are mainly designed and constructed for loading and unloading of the containers from a container vessel. The demand for larger containers

AI in agriculture market Projected to reach 2,628.5 Million USD by 2025

According to the new research report on the " AI in Agriculture Market by Technology (Machine Learning, Computer Vision, Predictive Analytics), Offering, Application (Precision Farming, Drone Analytics, Agriculture Robots, Livestock Monitoring), Offering, and Geography - Global Forecast to 2025" , The AI in agriculture market is expected to grow at a CAGR of 22.5% to reach USD 2,628.5 Million by 2025 from USD 518.7 Million in 2017. The rapid growth of the AI in agriculture market can be attributed to various factors including the growing demand for agricultural production owing to the increasing population, rising adoption of information management systems and new, advanced technologies for improving crop productivity, increasing crop productivity by implementing deep learning techniques, and growing initiatives by worldwide governments supporting the adoption of modern agricultural techniques. Machine learning-enabled solutions are being significantly adopted by agri

Wireless Testing Market worth $14.4 billion by 2024

The report " Wireless Testing Market by Offering (Equipment, Services), Technology (Bluetooth, 2G/3G, 4G/5G, Wi-Fi), Application (Consumer Electronics, Automotive, IT & Telecommunication, Medical Devices, Aerospace & Defense) and Region - Global Forecast to 2024" , size was valued at USD 10.4 billion in 2019 and is projected to reach USD 14.4 billion by 2024; it is expected to grow at a CAGR of 6.7% during the forecast period. The major driving factors in the wireless testing market are the adoption of advanced manufacturing techniques that require minimum human intervention and maintain quality of products and recent advancements in wireless technologies such as 4G and 5G. Wireless testing services market is the fastest-growing market The primary objective of wireless testing services is the assessment of the quality and safety of products to reassure consumers that a manufacturer has followed national and international regulations and industry standards

Machine Condition Monitoring Market Projected to reach 3.50 Billion USD by 2024 with a growing CAGR of 6.7%

According to the new market research report on the " Machine Condition Monitoring Market by Monitoring Technique (Vibration Monitoring, Thermography, Oil Analysis, MCA), Deployment (On Premise, Cloud), Monitoring Process (Online, Portable), Offering, Industry, and Region - Global Forecast to 2024" , The machine condition monitoring market is estimated to grow from USD 2.38 Billion in 2018 to USD 3.50 Billion by 2024, at a CAGR of 6.7% between 2018 and 2024. Factors such as the development of a secure cloud computing platform, increased use of wireless communication technology for condition monitoring of equipment, and inclination of end users toward predictive maintenance are driving the growth of the machine condition monitoring market at present. The motor current analysis technique is expected to witness the highest CAGR during the forecast period The market for the motor current analysis technique is expected to grow at the highest CAGR between 2018 and 2024.

Precision Livestock Farming Market Projected to reach $4.6 billion by 2024

The precision livestock farming market is estimated to be worth USD 3.0 billion in 2019 and is projected to reach USD 4.6 billion by 2024, at a CAGR of 9.2% from 2019 to 2024. The major drivers for the precision livestock farming market are increasing consolidation of livestock farms, rising herd size of dairy farms, growing adoption of livestock farming robots & livestock monitoring devices, and rising labor cost owing to shortage of skilled labor. Precision livestock farming technology has the potential to transform the livestock sector, making traditional livestock farming activities more efficient and economical. Increasing global demand for dairy products, extended profitability and high yield, and minimum impact on the environment and climate change are fueling the growth of the precision livestock farming market. Also, government initiatives in the form of incentives in many countries are helping livestock farmers to adopt advanced technological tools to improve yiel

Testing, Inspection and Certification Market worth $279.3 billion by 2025 with a growing CAGR of 4.9%

According to the new market research report " Testing, Inspection and Certification Market by Service (Testing, Inspection, Certification), Sourcing Type (In-House and Outsourced), Application (Consumer Goods and Retail, Construction and Infrastructure), and Geography - Global Forecast to 2024" , the overall TIC market is expected to grow from USD 209.4 billion in 2019 to USD 279.3 billion by 2025—growing at a CAGR of 4.9%. Factors such as the increase in disposable income and rapid urbanization in developing economies; high growth in product recalls across the world; high adoption of outsourcing service models by worldwide manufacturers; increased requirement for harmonized standards; surge in illicit trading, counterfeiting, and piracy practices across the world; and enforcement of rigorous government regulations and standards across various sectors are driving the growth of the TIC market. Certification services segment is expected to grow at the highest CAGR durin