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Showing posts from June, 2020

Hybrid Valve Market Projected to reach $1.4 billion by 2024

According to the new market research report " Hybrid Valve Market by Material (Steel, Tungsten Carbide, Alloy, Titanium, Duplex Nickel), Valve Size, End-Use Industry (Oil & Gas, Water & Wastewater, Energy & Power, Chemicals, and others), and Region - Global Forecast to 2024", the global hybrid valves market size is expected to be worth USD 1.0 billion in 2019 and reach USD 1.4 billion by 2024, at a CAGR of 6.4% from 2019 to 2024. The growth of this market can be attributed to the high demand for hybrid valves from various industries such as oil & gas, energy & power, and water & wastewater, mainly from APAC and North America. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=147672154 Oil & gas industry to hold the largest share of the hybrid valves industry in 2019 The oil & gas industry is likely to account for the largest hybrid valves market share in 2019. The recent uptrend in the oil & gas

Contraband Detector Market Projected to reach $5.4 billion by 2024

According to the new market research report " Contraband Detector Market by Technology (X-ray, Metal Detection, Spectrometry & Spectroscopy), Screening (People, Baggage & Cargo), Deployment (Fixed, Portable), Application (Transportation, Government, Retail), and Region - Global Forecast to 2024" , the contraband detector market is projected to grow from USD 3.9 billion in 2019 to USD 5.4 billion by 2024; it is expected to record a compound annual growth rate (CAGR) of 6.7%. The rising government investments for improvement of existing transit facilities and construction of new transit locations, especially airports, is the major factor that drives the market growth. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=181964391 X-ray imaging technology to account for the largest share of the contraband detector market A wide variety of concealed materials, including both metallic and non-metallic threat items, can be detected

Optical Encryption Market Opportunities and Challenges

According to the new market research report on " Optical Encryption Market by Encryption Layer (OTN or Layer1, MACsec or Layer 2, and IPsec or Layer 3), Data Rate (10G, 40G, 100G), Vertical (BFSI, Government, Healthcare, Data Centre & Cloud, Energy & Utilities), and Geography - Global Forecast to 2023" , the optical encryption market is expected to grow from USD 2.77 billion in 2018 to USD 4.24 billion by 2023, at a CAGR of 8.9% between 2018 and 2023. The growth of this market is driven by emerging requirement of regulatory compliances, growing concern over data security and privacy due to cyberattacks, and rising data center deployments. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237211707 Greater than 10G and less than 40G data rate to hold largest share of optical encryption market during forecast period The greater than 10G and less than 40G data rate is expected to hold the largest share of the market during the

Tunable Filter Market Projected to reach 203.1 Million USD by 2023

According to the new market research report, the “ Tunable Filter Market by Type (Liquid Crystal, Acousto-Optic, Linear-Variable), System Type (Software-Defined Radios, Handheld Radios, Radar Systems, Spectrometers, Communication Systems), Application, and Geography - Global Forecast to 2023” is estimated to grow from USD 122.0 Million in 2017 to USD 203.1 Million by 2023, at a CAGR of 8.86% between 2017 and 2023. The implementation of liquid crystal tunable filters for highly demanding machine vision applications is driving the growth of the tunable filter market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=10758220 The market for liquid crystal tunable filters is expected to grow at the highest rate between 2017 and 2023 The market for liquid crystal tunable filters (LCFTs) is expected to grow at the highest CAGR between 2017 and 2023. LCFTs are having a wide array of applications across different systems, which, in turn, is increa

Fiber optic Components Market Projected to reach 27.60 Billion USD by 2023

According to the new market research report " Fiber Optic Components Market by Component (Transceivers, AOCs, Cables, Amplifiers, Splitters, Connectors, Circulators), Data Rate (10G, 40G, 100G, above 100G), Application (Communications, Distributed Sensing) - Global Forecast to 2023" , the fiber optic components market is expected to grow from USD 17.15 Billion in 2018 to USD 27.60 Billion by 2023, at a CAGR of 10%. The factors that are driving the growth of this market are the increasing deployment of data centers, growing internet penetration and data traffic, and rising demand for bandwidth and reliability. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=63775446 Fiber optic components market for AOCs expected to grow at the highest rate during the forecast period The market for AOCs is expected to grow at the highest CAGR between 2018 and 2023. The cloud technology has developed rapidly with the beginning of the big-data age.

Key Market Dynamics in Building Information Modeling Market

According to MarketsandMarkets, the global building information modeling (BIM) market size is projected to grow from USD 4.5 billion in 2020 to USD 8.8 billion by 2024, at a CAGR of 14.5%. Major factors driving the growth of the building information modeling (BIM)  industry extensive benefits offered by BIM for AEC industry  and strong governemnt support by making BIM adoption mandatory.   Software type is expected to account for the largest share of the building information modeling (BIM) market between 2020 and 2025. The software type is dominated mainly by architectural design software. BIM allows architects to create digital design simulations to manage all the information associated with an architectural project. It further supports architects throughout the design process to gain more insights to optimize designs for clients. The architectural design can be delivered with improved quality and efficiency. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdown

Automatic Bending Machine Market Projected to reach $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. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=175813751 “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

Electric Heat Tracing Market Projected to reach 3.26 Billion USD by 2023

According to the market research report " Electric Heat Tracing Market by Type (Self-Regulating, Constant Wattage, Mineral-Insulated, Skin Effect), Application, Vertical (Oil & Gas, Commercial, Power & Energy, Residential, Food & Beverages) and Geography - Global Forecast to 2023" , the overall market is expected to be worth USD 2.39 Billion in 2017 and is expected to reach USD 3.26 Billion by 2023, at a CAGR of 5.3% between 2017 and 2023. The increasing adoption of electric heat tracing systems over conventional steam tracing systems and low maintenance cost of electric heat tracing systems compared to steam tracing are the major drivers for the electric heat tracing market growth. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=88678555 “Self-regulating cables expected to hold a major share of the electric heat tracing market between 2017 and 2023“ Self-regulating cables led the electric heat tracing market in 2016

Air Treatment Market Projected to reach $25.56 billion by 2023

According to the new market research report " Air Treatment Market by Technology (HEPA Filters, Activated Carbon), Product (Dust Collector, Engine exhaust systems), Application (Exhaust air and Compressed air), Vertical (Manufacturing, Automotive), and Geography - Global Forecast to 2023" , the air treatment market, the market is expected to be worth USD 17.39 billion by 2018 and USD 25.56 billion by 2023, growing at a CAGR of 8.00% during the forecast period. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=42321742 The growth of the air treatment market is driven by factors such as increasing industrialization and urbanization, stringent regulations governing emissions and treatment of industrial effluents, and the need for achieving high efficiency with mechanical equipment and factory processes. Dust collectors to hold largest share of air treatment market by product till 2018 Dust collectors are expected to hold the larg

Light Meter Market Projected to reach 417.4 Million USD by 2023

According to the new market research report " Light Meter Market by Display (Analog and Digital), Type (General-Purpose, LED, and UV), Lux Range (0–200K Lux and Above 200K Lux), Application (Photography & Cinematography, Commercial Spaces, Clinics & Hospitals), and Region - Global Forecast to 2023" , The light meter market is expected to grow from USD 305.1 Million in 2018 to USD 417.4 Million by 2023, at a CAGR of 6.47% between 2018 and 2023. The growth of the light meter market can be attributed to the increasing demand for light meters in the photography and cinematography industry worldwide, regulations to improve workplace lighting, and government initiatives toward the standardization of lighting protocols. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=210000688 Market for digital light meters expected to grow at higher CAGR between 2018 and 2023 Light meter has 2 types of display analog and digital. Digital ligh

Multifactor Authentication Market Projected to reach $18.5 billion by 2025

The report " Multifactor Authentication Market by Model (Two, Three, Four, and Five Factor), By Application (Banking & Finance, Government, Military & Defense, Commercial Security, Consumer Electronics, Healthcare), and Geography - Global Forecast to 2025" , is expected to grow from USD 5.2 billion in 2016 to USD 18.5 billion by 2025, at a CAGR of 14.9% during the forecast period. Factors such as increase in data breaches and cyber–attacks, stringent regulations and the growing pressure of data security compliances, and the growing adoption of BYOD concept among enterprises are driving the growth of the MFA market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=877 Two Factor Authentication to hold the largest share of the MFA market during the forecast period Two-factor authentication (2FA), often referred to as two-step verification, is a security process in which the user provides two authentication factors. Two-fact

Ball Valves Market worth $15.2 billion by 2024

According to the new market research report " Ball Valves Market by Size (Up to 1”, 1”–6”, 6” to 25”, 25” to 50”, 50” and Above), Type (Trunnion Mounted, Floating, Rising Stem), Material (Stainless Steel, Cast Iron, Alloy, Cryogenic), Industry, and Geography - Global Forecast to 2024" , the ball valves market is expected to be worth USD 12.6 billion in 2019 and reach USD 15.2 billion by 2024, at a CAGR of 3.75% from 2019 to 2024. The growth of this market can be attributed to the high demand for ball valves from various industries such as oil & gas, energy & power, and water & wastewater, especially from APAC and North America. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=80882742 Oil & gas industry to hold the largest share of the ball valves market in 2019 By industry, the oil & gas leads the ball valves market. Recent uptrend in the oil & gas industry, the latest discovery of shale gas in North Amer

Fiber optic Components Market Projected to reach 27.60 Billion USD by 2023

According to the new market research report " Fiber Optic Components Market by Component (Transceivers, AOCs, Cables, Amplifiers, Splitters, Connectors, Circulators), Data Rate (10G, 40G, 100G, above 100G), Application (Communications, Distributed Sensing) - Global Forecast to 2023" , the fiber optic components market is expected to grow from USD 17.15 Billion in 2018 to USD 27.60 Billion by 2023, at a CAGR of 10%. The factors that are driving the growth of this market are the increasing deployment of data centers, growing internet penetration and data traffic, and rising demand for bandwidth and reliability. Fiber optic components market for AOCs expected to grow at the highest rate during the forecast period The market for AOCs is expected to grow at the highest CAGR between 2018 and 2023. The cloud technology has developed rapidly with the beginning of the big-data age. To satisfy the demands of higher bandwidth and more applications in a variety of cloud compu

Point-to-Point Antenna Market Opportunities and Challenges

The point-to-point antenna market is estimated to be valued at USD 3.6 billion in 2020 and is projected to reach USD 5.0 billion by 2025, at a CAGR of 6.9%. This estimation factors in the impact of the COVID-19 pandemic on the market. The major driving factors are the simplicity of installation as compared with other antennas and the growing penetration of the Internet. The increasing number of M2M connections among various industry verticals is also expected to drive the point-to-point antenna market growth during the forecast period. The persistent rise in the demand for high-speed internet and large network coverage is another key factor that is expected to propel the growth of the market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=8305622 Based on type, the flat panel antenna segment is expected to witness the highest growth in the coming years owing to the demand for Communication on the Move (COTM). As these antennas are flat, thin

Automatic Bending Machine Market Projected to reach $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. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=175813751 “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

Medical Device Testing Market Opportunities and Challenges

According to the new research report " Medical Device Testing Market by Services (Testing, Inspection, Certification), Sourcing (In-house, Outsourced), Class (Class I, Class II, Class III), Technology (Active Implant, IVD, Orthopedic & Dental, Ophthalmic, Vascular) - Global Forecast to 2023" , the medical device testing market size is expected to be USD 12.26 Billion by 2023, growing at a CAGR of 6.18% from USD 8.56 Billion in 2017. The market growth is mainly driven by an increasing need of validation and verification (V&V) for medical device, and imposition of rigorous government regulations and standards across medical devices. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=254474064 Medical device testing market for testing services held the largest market share in 2016 Increasing regulatory focus on quality control for manufacturing operations, on additional safety, testing, and reporting measures requires advanced

Fuel Management System Market Projected to reach 707.4 million USD by 2023

According to the new market research report " Fuel Management System Market by Offering (Hardware, Software, and Services), Application (Fuel Storage Monitoring, and Access Control & Fuel Dispensing), Industry (Transportation & Logistics, and Oil & Gas), and Geography - Global Forecast to 2023" , the fuel management system market is expected to grow from USD 515.9 million in 2018 to USD 707.4 million by 2023, at a CAGR of 6.52% between 2018 and 2023. The growth of this market can be attributed to the high demand for fuel management systems from the transportation and logistics industry for fuel storage monitoring, and access control and fuel dispensing applications. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=255245201 Access control and fuel dispensing applications to hold larger share of fuel management system market in 2018 By application, access control and fuel dispensing leads the fuel management system mar

Wireless Sensor Network Market Projected to reach 93.86 Billion USD by 2023

According to the market research report " Wireless Sensor Network Market by Offering (Hardware, Software, Services), Sensor Type, Connectivity Type, End-user Industry (Building Automation, Wearable Devices, Healthcare, Automotive & Transportation, Industrial), and Region - Global Forecast to 2023" , the wireless sensor network (WSN) market, the market was valued at USD 29.06 Billion in 2016 and is expected to reach USD 93.86 Billion by 2023, at a CAGR of 18.55% between 2017 and 2023. The growth of this market is propelled by the development of cheaper, smarter, and smaller sensors; expanding market for smart and wearable devices; increasing need for real-time computing of applications; and surge in demand for IoT sensors for various applications such as sensing, recognition, and interpretation. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=445 Software to hold the largest size of the wireless sensor network by 2023 The

Automatic Checkweigher Market Projected to reach $289 million by 2024

According to the new market research report “ Automatic Checkweigher Market by Type (Standalone Systems, Combination Systems), Technology (Strain Gauge, EMFR), Industry (Food & Beverages, Pharmaceuticals, Consumer Products, Cosmetics, & Personal Care), and Region - Global Forecast to 2024”, the automatic checkweigher market is expected to grow from USD 238 million in 2019 to USD 289 million, at a CAGR of 4.0%. Factors that augment the growth of the automatic check market include growing awareness among manufacturers about deployment benefits of automatic checkweighers and tightening regulatory norms pertaining to the packaging of goods. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=188613743 “Market for EMFR technology-based automatic checkweighers  to grow at higher CAGR during forecast period“ EMFR load cells provide very fast and highly accurate results than those of strain gauge load cells. The EMFR load cell permits produc

Wireless POS Terminal Market Opportunities and Challenges

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. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=193795453 Wireless POS terminal market for mPOS expected to grow at highest CAGR durin

Key Emerging Trends in Deep Learning Market

According to the latest market research report " Deep Learning Market by Offering (Hardware, Software, and Services), Application (Image Recognition, Signal Recognition, Data Mining), End-User Industry (Security, Marketing, Healthcare, Fintech, Automotive, Law), and Geography - Global Forecast to 2023" , the deep learning market, the overall deep learning market is estimated to be valued at USD 3.18 Billion in 2018 and is expected to be worth USD 18.16 Billion by 2023, at a CAGR of 41.7% from 2018 to 2023. Improving computing power, declining hardware cost, and the increasing adoption of cloud-based technology are fueling the growth of the deep learning market. Usage in big data analytics and growing AI adoption in customer-centric services are the other key factors driving this market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107369271 Software to hold largest market share from 2018 to 2023 Software currently holds the l

Pressure Sensor Market Projected to reach $23.6 billion by 2024

According to the new research report " Pressure Sensor Market by Product Type (Absolute, Gauge, Differential, Sealed, and Vacuum), Technology (Piezoresistive, Capacitive, Resonant, Electromagnetic, and Optical), Application, Function, End-User Industry, and Geography - Global Forecast to 2024" , the pressure sensor market is projected to grow from USD 17.4 billion in 2019 to USD 23.6 billion by 2024, recording a CAGR of 6.3%. Advancements in nanoelectromechanical system (NEMS) technology and large-scale adoption of the Internet of Things (IoT) platform and remote connectivity provide major growth opportunities to pressure sensor market players. The pressure sensor market growth is mainly driven by advancements in microelectromechanical systems (MEMS), increase in demand from automotive and medical industries, stringent government regulations, and rise in the adoption of smart technology. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=8