A Market Place Research – Page 2498

Image Recognition Market Expected to Reach $86,001 Million by 2025

The report offers in-depth analyses of the industry by closely monitoring the key industry trends, drivers & opportunities, top investment pockets, growth strategies, key player positioning, and competitive landscape. According to the report, the global image recognition market was pegged at $17.91 billion in 2017 and is expected to reach $86 billion by 2025, registering a CAGR of 21.8% from 2018 to 2025.

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The cloud segment captured 55.9% of the total market share in 2017 and would maintain its dominance through the forecast period, owing to increased adoption of cloud in various industry verticals such as media & entertainment, banking, financial services, and insurance (BFSI), and government organizations. The segment is expected to grow at the fastest CAGR of 23.3% through 2025. On the other hand, the on-premise segment would grow at a steady pace during the forecast period.

The service segment accounted for the largest share of 47.5% in 2017 and would maintain its lead through 2025, registering the fastest CAGR 23.5% from 2018 to 2025. This is attributed to the growing popularity of media cloud services and increasing demand for managed network security services. The other components discussed in the study are hardware and software.

The object detection technology segment garnered 33% of the total market share in 2017 and is projected to maintain its lion’s share through 2025. However, the facial recognition segment is expected to witness the fastest CAGR of 26.1% through the study period, owing to increased usage of the technology in both law enforcement and non-law enforcement applications. Moreover, the technology is widely preferred over other biometric technologies due to its non-contact process and easy deployment (using cameras and existing monitoring devices). The other technologies analyzed in the report include QR/barcode recognition, pattern recognition, and optical character recognition.

The healthcare segment is expected to grow at the fastest CAGR of 28.4% during the forecast period, owing to the increasing adoption of image recognition along with growing demand for image recognition in clinical decision support to enhance the efficiency of pathologists, radiologists, and other image-based diagnosticians. However, the retail segment held the largest share of 22.4% in 2017, as increased adoption of image recognition in this industry leads to in-store promotion and increases consumer engagement. On the other hand, the transportation & logistics segment is expected to contribute the largest share of 17.9% through 2025. The report also discusses IT & telecom, BFSI, government, media & entertainment, manufacturing, among other industries.

The leading companies operating in the global image recognition market include IBM Corporation, Imagga Technologies Ltd., Amazon Web Services, Inc., Qualcomm Incorporated, Google LLC, Microsoft Corporation, NEC Corporation, LTU technologies, Catchoom Technologies S.L., and Intel Corporation.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.

Health IT Security Market Study 2020 | Latest Trends to Boost Industry Growth by 2027

Allied Market Research Published Latest Report titled, “Health IT Security Market: Global Opportunity Analysis and Industry Forecast 2022-2029.” The report provides a detailed global health IT security market analysis based on competitive intensity and how the competition will take shape in coming years.

The health IT security market is expected to grow in the upcoming years. Health IT security market is required by different organizations to tackle against the cybercrime attacks that hospitals and other healthcare facilities are facing. The complicated built up and different devices which are used by the healthcare organizations can allow entry to these cybercriminals who can make use of the system in a harmful way.

This market research study determines the increase in changes and the aspects which are likely to have an impact on the growth of the Health IT Security Market. Increased demand for the technologies is also one of the factors, which are likely to boost the growth of this industry. The market research study uses several tools and techniques which are used for the determination of the growth of the market.

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Market Competitive Analysis:

Top 10 players in this industry profiled in the report include. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.

Top key market players active in this market are, IBM Corporation (U.S.), Intel Corporation (U.S.), Wipro (India),Symantec Corporation (U.S.), Oracle Corporation (U.S.),Hewlett Packard (U.S.), Dell, Inc. (U.S.)

COVID-19 Impact on the Market:

Health IT Security Market research report provides an overview of the industry based on key parameters such as market size, sales, sales analysis and key drivers. The market size of the market is expected to grow on a large scale during the forecast period (2022-2029). This report covers the impact of the latest COVID-19 on the market. The coronavirus pandemic (COVID-19) has affected all aspects of life around the world. This has changed some of the market situation. The main purpose of the research report is to provide users with a broad view of the market. Initial and future assessments of rapidly.

This report focuses and highlights the strategies and the trends, in which the manufacturer and the company is likely to move. The research study is also known to provide in depth analysis of the reports which is one of the key aspects for the growth of the Health IT Security Market.

The report is also used in the analysis of the growth rates and the threats of new entrants, which are used for the determination of the growth of the market for the estimated forecast period. Moreover, increased demand for the factors influencing the growth of the market is also one of the major aspects which is likely covered in depth in the report.

One of the methods for the determination of the growth of the market is the increased use of the statistical tools, which is used for the estimation of the growth of the market for the estimated forecast period. SWOT analysis is one of the methods for the determination of the growth of the market. These tools are also used for the determination of the major players for the growth of the market for the estimated forecast period.

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Market segments are also an important aspect of any market research study. Reports are product based, they also includes information on sales channel, distributors, traders and dealers. This helps in efficient planning and execution of supply chain management as it drastically affects the overall operations of any business. The up-to-date, complete product knowledge, end users, industry growth will drive the profitability and revenue. Health IT Security Market report studies the current state of the market to analyse the future opportunities and risks.

The Health IT Security Market is analysed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.

Our Report Offers:

• Evaluation of market share for regional and country-level segments.

• Market share analysis of top industry players.

• Strategic recommendations for new entrants.

• All mentioned segments, and regional market forecasts for the next 10 years.

• Market Trends (Drivers, Difficulties, Opportunities, Threats, Challenges, Investment Opportunities and Recommendations)

• Strategic recommendations in the main business segment of the market forecast.

• Competitive landscaping of major general trends.

• Company profiling with detailed strategy, financial and recent developments.

• Latest technological progress mapping supply chain trends.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Femtocell Market Expected to Reach $15,419 Million by 2028

The femtocell market size was valued at $3,827 million in 2020, and is projected to reach $15,419 million by 2028, growing at a CAGR of 19.3% from 2021 to 2028.Increasing number of Smartphone users has given rise to the need of fast, reliable and seamless network connectivity. Femtocell is a technology that can deliver cost effective and efficient network service. Increased adoption of broadband services and mobile phone usage for video conferencing, software/music downloading and online gaming are driving the growth femtocell market.

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Advancement in equipment’s and their capacity are the main factors to be analyzed by companies before adopting femtocell devices. Due to the cost involved in installing femtocell devices, the Asia-Pacific region is not readily accepting the femtocell technology. Lack of awareness is also acting as a restraint for the market growth in Asia-Pacific region. Emerging technologies such as LTE 4G technology is dominating the developed economics. This report provides an in-depth intelligence on key strategies adopted by top companies engaged in manufacturing and service providing of femtocell devices.

Femtocells are chiefly used in commercial, consumer and public access areas. However, it is largely used in home based connections to enhance the mobile network. In 2012, more than 30% of the mobile calls originated from home users and it is expected that in next few years, majority of voice calls packet data would originate from home settings. Rise in disposable income levels, advancement in network technologies such as 4G, are some driving factors of femtocell market in residential application. However, high cost of femtocell for home applications and lack of awareness for femtocell technology is hindering the growth of femtocell market.

Femtocell technology market is segmented into two categories, namely SIP/IMS technology and IU-H technology. The technology market is majorly driven by increased application for IMS technology in small and medium enterprises and reduction in cost of IU-H technology. Increases in applications of IMS/SIP femtocell among residential users have increased the growth of femtocell devices. IU-H technology has a major market share compared to SIP technology due to its multiple applications in networking services.

The global femtocell market by types is segmented into three major categories such as 2G, 3G and 4G femtocell. The transition of femtocell technologies from one generation to another is increasing the importance of the femtocell devices. The companies are gaining competitive advantage by manufacturing advanced femtocells. The commercialization of multimode femtocell has diversified the applications of 3G and 4G femtocell.

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Railway System Market Key Players, SWOT Analysis, Dynamics, Drivers, Key Indicators and Forecast to 2026

According to a recent report published by Allied Market Research, titled, “Railway System Market by System Type, Rolling Stock Type, and End Use: Global Opportunity Analysis and Industry Forecast, 2019-2026,” the global railway system market size was valued at $24.72 billion in 2018, and is projected to reach $37.36 billion by 2026, registering a CAGR of 5.4% from 2019 to 2026.

By region, Europe dominates the market presently, followed by Asia-Pacific, North America, and LAMEA. Russia dominated the Europe railway system market share in 2018 and the UK is anticipated to exhibit a remarkable growth during the forecast period.

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The metals such as platinum, palladium, rhodium, and others used as automotive catalyst in catalyst converters are very rare and expensive. Because these metals are expensive, automakers want to use them as effectively as possible. Use of catalyst Nano particle increases the efficiency of catalyst and reduce the cost of catalyst converter, which make it the preferred choice for automotive catalyst converter. Hence, adoption of nanotechnology in catalytic converters drives the growth of the railway system market.

Auxiliary power system can be defined as the system that is typically designed to reduce emission of diesel-electric locomotives and provide significant fuel saving by automatically shutting down the main locomotive engine on idling in sync with continuous monitoring of critical parameters. Also, HVAC stands for heating, ventilation, and air conditioning and is used to control the temperature and environment inside the trains. This system uses the fresh air from outside to provide high quality air inside the closed space by removing the moisture, odors, smoke, heat, airborne bacteria, dust, carbon dioxide and oxygen replacement. Leading HVAC system providers for railways are supplying HVAC system for the railways, which in turn is anticipated to propel the growth of the railway system market. For instance, on September 12, 2019, Knorr-Bremse, a German manufacturer of braking and HVAC systems has signed a contract with Alstom to supply heating, ventilation and air-conditioning (HVAC) and braking system for the SNCF’s next generation high-speed trains.

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Locomotive is the primary part of the train, which is called as the rail engine. Based on various modes of propulsion type, locomotives are available in the form of diesel propulsion engine, electric propulsion engine, electro-diesel propulsion engine, or it can be of fuel cell engine or others. Such locomotives are self-propelled. However, metros, monorails, and trams are not equipped with locomotives. Metro is a high-capacity public transportation, which is most common in urban areas. Metros are electronically operated and have exclusive tracks to which pedestrians or other vehicles have no access. Metros are mostly grade separated in tunnels or on elevated railways. Metro track consists of two rails or beams. In addition, A monorail is a type of railway in which the rail track consists of a single rail or a beam. To differentiate the monorail from other modes of transportation, monorail society has defined monorails as single rail serving as a track for passenger or freight vehicles.

Leading providers of products and services related to rails are signing contract for the development and installation of new advanced technologies in metro network in this region. For instance, on January 9, 2020, Hitachi Rail STS USA won the contract of $798 million to roll out the communication-based train control in the San Francisco Bay Area’s BART metro network. In addition, rise in population and increased budget for the development of the railway sector is anticipated to propel the growth of the railway system market.

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Factors such as increased budget for railways development and rise in demand for safe, secure, and efficient transport system drive the growth of the railway system market. In addition, increasing use of public transport service as a solution to minimize traffic congestion is anticipated to propel the growth of the market. However, high capital requirement is hindering the market growth. Further, infrastructural improvement of railways in developing countries and rise in mining & industrial activities offers remarkable growth opportunities for the players operating in the railway system market.

Key Findings of the Study

On the basis of system type, the train safety segment is anticipated to exhibit a remarkable growth during the forecast period.
On the basis of rolling stock type, the freight wagons segment is the highest contributor to the global railway system market in terms of revenue.
Region wise, Asia-Pacific is the fastest growing region, followed by North America, LAMEA, and Europe.

The key players analyzed in this report are ALSTOM, Bombardier, CRRC, General Electric, Siemens, Hitachi, Stadler Rail AG, The Greenbrier Companies, Transmashholding, Trinity Industries, Inc., and others.

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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Automotive Panoramic Sunroof Market May Set Huge Growth by 2026 | CIE Automotive SA, Donghee Industrial Co. Ltd., Inalfa Roof Systems Group BV

According to a recent report published by Allied Market Research, titled, “Automotive Panoramic Sunroof Market by Material Type and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2019-2026,” the global automotive panoramic sunroof market size was valued at $1.31 billion in 2018, and is projected to reach $4.26 billion by 2026, registering a CAGR of 15.7% from 2019 to 2026.

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Europe dominates the market, followed by Asia-Pacific, North America, and LAMEA. Germany dominated the Europe automotive panoramic sunroof market share in 2018, whereas France is expected to grow at a significant rate in the Europe during the forecast period.

Automotive panoramic sunroof market provides extra light and air into the vehicle, refreshes and lighten ups the complete cabin with sunlight, and provides wider view of the sky without opening the window. These types of sunroof cover the complete roof of the vehicle, offering a wide-angle view for both the passengers in the front and rear seats. In addition, it provides emergency exit in case of accident or emergency situations. Further, the noise that enter the cabin through an open window, can be reduced significantly by opening a panoramic sunroof instead.

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In the recent years, consumers have shifted their interest to automotive vehicles as these vehicles facilitate the luxury features such as sunroof, advance driving assistance system (ADAS), and others, which are technologically advanced as against traditional vehicles. For example, South Korean company Hyundai offers large full-length dual panel panoramic glass sunroof features to its upcoming hatchback model i30. This sunroof facilitates user with a power tilt & slide front panel along with luxurious look. The availability of advanced features at an affordable price is expected to create numerous opportunities for the players operating in the automotive panoramic sunroof market.

Panoramic sunroofs can be installed in various vehicle types such as hatchback, sedan, sport utility vehicle (SUV), battery electric vehicle (BEV), hybrid electric vehicle (HEV), and plug in hybrid vehicle (PHEV). Top end models of Mercedes-Benzes A class, BMW 1 series, and Mini Cooper provide automatic sunroof. Moreover, automotive giant Hyundai offers large full-length dual panel panoramic glass sunroof features to its upcoming hatchback model i30. This sunroof facilitates user with a power tilt & slide front panel, which delivers a luxurious look. In addition, the sedan models with the sunroof offer additional benefits as compared to hatchback. The affordable models in sedan class such as Honda city, Chevrolet Cruze, and Skoda Octavia are electrically operated with anti-pinch and protective mesh guard features. Furthermore, Audi A3 features panoramic glass sunroof with integrated wind deflector to reduce wind noise when the roof is opened. In addition, many leading automobile manufacturers offer panoramic sunroof in wide range of premium vehicles. For instance, Ford Endeavor, especially in premium vehicles, offers an electric panoramic sunroof in 2.2 4X2 Titanium AT variant.

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The automobile manufacturers and governments in various countries are taking initiatives and focusing toward the development of automotive panoramic sunroofs. In February 2018, the U.S.-based automakers has taken initiative to make sunroofs safer with the help of laminated safety glass. Furthermore, the National Highway Traffic Safety Administration (NHTSA) is putting efforts for regulations governing sunroofs. The Webasto’s automaker company invested around USD $2.86 (EUR2.5) million for expansion of Mexican plant in Puebla. This plant includes development, production, and sales of sunroofs, panoramic roofs, convertible roofs, and parking heaters, which in turn propel the growth of the Mexico automotive panoramic sunroof market. Further, the automotive industry giants are launching new range of automobiles with added features and panoramic sunroof due to rise in demand for luxury vehicles. For instance, Mercedes-Benz, a luxury vehicle manufacturer launched new Mercedes-Benz GLE Coupe 4Matic in the UK with panoramic sunroof system.

The factors such as rise in innovation in glass technology and increase in demand for safety, comfort, and convenience features drive the growth of the automotive panoramic sunroof market. However, high integration & maintenance cost and low penetration of power sunroof in low segment vehicles hinder the growth of the market. Further, rise in penetration of solar sunroof in electric vehicles and increase in sale of automotive vehicles are anticipated to provide lucrative growth opportunity for the key players operating in the automotive panoramic sunroof market.

Key Finding of The Automotive Panoramic Sunroof Market:

Based on material type, the fiber segment is anticipated to grow at a lucrative growth rate.
Based on vehicle type, the sedan segment was the highest revenue contributor in 2018.
Based on region, Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.
Based on region, Europe contributed the highest automotive panoramic sunroof market revenue in 2018, followed by Asia-Pacific, North America, and LAMEA.

The automotive panoramic sunroof Market key players analyzed in this report include Aisin Seiki Co. Ltd., CIE Automotive SA, Donghee Industrial Co. Ltd., Inalfa Roof Systems Group BV, Webasto SE, Yachiyo Industry Co. Ltd., Inteva Products, Automotive Sunroof-Customcraft (ASC) Inc., BOS Group, Magna International Inc., and others.

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Enterprise Performance Management Market Expected to Reach $12,562 Million, Globally, by 2025

According to a recent report published by Allied Market Research, titled, Enterprise Performance Management Market by Component, Deployment, Function, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2016-2025, the global enterprise performance management market was valued at $4,738 million in 2016, and is projected to reach at $12,562 million by 2025, growing at a CAGR of 11.70% from 2018 to 2025.

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Rise in need for making business strategy transparent to all employees, increased focus on core business & improved scalability, and need to improve business performance drive the growth of the global enterprise performance management market. In addition, surge in adoption of cloud-based EPM and rise in demand for mobility are expected to provide numerous opportunities for the growth of the market. However, implementations risks and shifting of workload from on premise to cloud hamper the market growth.

Based on industry vertical, the BFSI segment led the enterprise performance management market in 2016, and is projected to maintain its dominance in the future. However, the energy & utilities segment is expected to witness the highest growth, owing to its increased need of transparency of strategies among all the employees for improving the productivity.

The global enterprise performance management market was led by the North America in 2016, and is projected to maintain its dominance during the forecast period. However, the Asia-Pacific is anticipated to witness the fastest growth, registering a CAGR of 15.70% during the forecast period.

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Some of the key players operating in the enterprise performance management market include Adaptive Insights Inc., Anaplan, Inc., BOARD International S.A., Host Analytics Inc., IBM Corporation, Infor Inc., Oracle, SAP SE, CCH Tagetik (Wolters Kluwer NV), and Workiva.

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Global Jaw Crusher Market – Global Trends, Opportunities, Demand, Insight and Forecast 2030.

The Global Jaw Crusher Market is evaluated on the basis of type, application, end-user, and region. Based on type, the market is segmented into type 1, type 2, type 3, and others. Based on application, the Jaw Crusher Market report categorizes the market into application 1, application 2, application 3, and others. By end-user, on the other hand, the market is cataloged into end-user 1, end-user 2, end-user 3, and others. Finally, by region, the market is evaluated across Europe, LAMEA, Asia-Pacific, and North America. The province across North America is broken down into the United States, Mexico, and Canada. Europe indexes countries such as the United Kingdom, Italy, France, Spain, Germany, and the rest of Europe. Concurrently, Asia-Pacific consists of countries such as South Korea, India, Japan, China, and the Rest of Asia-Pacific. Finally, LAMEA is classified into Africa, the Middle East, and Latin America,

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Major Impacting Factors: Analysis of the Market Scenario, Current Trends, and Drivers

The factors that are projected to boost/impede the demand for ABC are evaluated in the study. Additionally, the Covid-19 impact on the growth of the market has also been thoroughly explained. Last but not the least; the potential factors that are expected to offer lucrative opportunities for the market players and are projected to play a pivotal role in the market development are discussed throughout the study.

Covid-19 Impact Analysis

The outbreak of the pandemic has significantly affected the majority of industry verticals across the world. The report has covered the overall impact of COVID-19 on the Jaw Crusher Market, providing a detailed study of the scenario. It further doles out the significant market slants & tactics incorporated by the frontrunners throughout the pandemic. Additionally, the report sums up how COVID-19 has taken hold of the supply chain. The Jaw Crusher Market also presents how the roll-out of mass vaccination has become highly favorable to the Jaw Crusher Market. Lastly, the post-Covid-19 scenario is also detailed in the report.

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The Main Points Covered in the Jaw Crusher Market

The Jaw Crusher Market study offers a wide-ranging study with regard to the major industry participants.
Porter’s five forces analysis aids in defining the potential suppliers & buyers and the viable picture of the shareholders for strategy development.
A lot of developing as well as developed countries have been outlined in line with their individual revenue support to the regional market.
The report, finally, focuses on the recent market trends of the global Jaw Crusher Market to get into the dominant opportunities and prospective investment pockets.
The major drivers, restraints, and opportunities and their thorough impact study are also included in the report.

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Key Players of Market:

Key players operating in the global jaw crusher market are McLanahan Corporation, ThyssenKrupp, Sandvik, Metso Corporation, Shanghai SANME Mining Machinery Corporation, Wirtgen Group, Retsch GmbH,FLSmidth, Henan Dewo Machinery, and Westpro Machinery.

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Cloud-based Enterprise Resource Planning (ERP) Market Expected to Reach $32,184 Million by 2023

The global cloud-based ERP market was valued at $13,238 million in 2016, and is projected to reach $32,184 million by 2023, growing at a CAGR of 13.6% from 2017 to 2023. The services segment is anticipated to grow at the highest rate during the forecast period.

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North America market generated the highest share of revenue in the global cloud-based ERP market in 2016 owing to technological advancements and a rise in applications of cloud-based ERP in manufacturing, government, and retail fields. The Asia-Pacific cloud-based ERP market is expected to grow at the highest rate, followed by LAMEA during the forecast period. Need for transparent and modernized manufacturing processes in diverse industries is expected to drive the growth of cloud-based ERP software in Asia-Pacific.

The report features a competitive scenario of the global cloud-based ERP industry and provides a comprehensive analysis of key growth strategies adopted by major players. The key players profiled in the study are Oracle, IBM, Microsoft, SAP SE, Sage Group Plc., Aptean, Epicor Software Corp., Infor, Syspro, Unit4 and others. These players have adopted competitive strategies, such as geographical expansions, mergers & acquisitions, new product launches, and partnerships & collaborations, to augment the growth of the cloud-based ERP market.

The software segment contributed the highest share in 2016. This segment accounted for $8,211 million in 2016 and is projected to grow at the CAGR of 12.8% during the forecast period. The cloud-based ERP market for managed services is projected to grow at the highest rate of 14.8%.

Other functions segment generated maximum share of revenue in 2016 and is expected to dominate the market throughput the forecast period at the CAGR of 16.8%. Cloud-based ERP market for finance is expected to witness highest CAGR of 17.7% during the forecast period, followed by retail.

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Advanced Tires Market Show High Grow Value at $1,349.7 million by 2030 with Top Companies: THE YOKOHAMA RUBBER CO., LTD, Nokian Tyres plc, Hankook Tire & Technology

According to a recent report published by Allied Market Research, titled, “Advanced tires Market by Material Type, Type, Technology and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2020–2030,” the global advanced tires market size is anticipated to value at $248.7 million in 2020, and is projected to reach $1,349.7 million by 2030, registering a CAGR of 18.4% from 2020 to 2030.

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Presently, Asia-Pacific dominates the market, followed by Europe, North America, and LAMEA. China will dominate the Asia-Pacific advanced tires market share in 2020 and is anticipated to exhibit a remarkable growth during the forecast period.

A damaged or worn tire on a moving vehicle is a hazard for passengers as well as pedestrians. There are number of accidents in history due to the overlooked damaged tire conditions which led to serious hazards. For instance, in 2016, tire related incidents on the British roads led to 120 serious injuries and 8 fatalities according to Highways England, the government-owned company in charge of improving and maintaining the country’s A-roads and motorways. In addition, government figures also suggest that one out of twelve tires installed on heavy duty vehicles are not in suitable condition of functioning. Thus, to avoid such accidents, leading tires manufacturers such as Bridgestone, Goodyear, Michelin, and Continental are working with a focus on development of software and sensors platforms to monitor and measure tire performance.

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Top producers of tires are introducing new range of tire monitoring platforms for commercial vehicle fleets. For instance, Continental, an automobile industry giant, launched ContiConnect, a new tire monitoring platform for commercial fleets which is only available to the fleet operators in the U.S., Canada, Malaysia, and Thailand. However, the company announced that it will introduce this platform in some countries of Europe and Asia in 2019. Tire sensor, yard reader sensor, and software are the three major components of the ContiConnect technology. Tire sensor is installed on the inner liner of the tire for temperature and pressure monitoring. In addition, yard reader station can be defined as the connecting component between the tire sensor and Continental’s software platform that reads the data off the sensors and sending it to the platform for further analysis. Further, underlying software includes a web portal, which sends out notification by email or SMS to the fleet managers when any issue is identified or maintenance is required.

Pneumatic tires have gained huge demand in the automotive industry owing to its increased self-life feature. Pneumatic tires are rubber tires filled with compressed air that enhance the tires loading capacity and improve the overall performance of the vehicle. Raw materials used for manufacturing pneumatic tires include natural rubber, synthetic rubber, carbon black, steel wire, petrochemicals reinforcing materials (fabric, steel, polyester, nylon, and rayon), fabric cord, and wires. The Pneumatic tire market has witnessed increased demand primarily due to significant increase in automobile production and a subsequent rise in the demand of tires for the replacement purpose. However, rise in trend of retreading tires and fluctuating raw material prices hinders the growth of the pneumatic tires market worldwide.

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Factors such as increase in automobile production and stringent regulations toward vehicular emission are majorly propelling the growth of the advanced tires market. However, fluctuating price of raw materials used for manufacturing of tires is anticipated to restrain the advanced tires market growth. Further, rise in concern for fuel efficiency and safety holds a remarkable growth opportunity for the players operating in the advanced tires market.

Key Findings of the Advanced tires Market :

On the basis of technology, the chip embedded tires segment is anticipated to exhibit a remarkable growth during the forecast period.
On the basis of vehicle type, the light duty vehicles segment is anticipated to grow at the highest CAGR during the forecast period.
Region wise, Asia-Pacific is the fastest growing region, followed by Europe, North America, and LAMEA.

The key players analyzed in this advanced tires market report are Bridgestone Corporation, Continental AG, Michelin, Pirelli & C. S.p.A, The Goodyear Tire & Rubber Company, THE YOKOHAMA RUBBER CO., LTD, Nokian Tyres plc., Hankook Tire & Technology Co., Ltd., Sumitomo Corporation, Toyo Tire Corporation Toyo Tire Corporation, and others.

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Data Warehousing Market Expected to Reach $51.18 Billion by 2028

The global data warehousing market size was valued at $21.18 billion in 2019, and is projected to reach $51.18 billion by 2028, growing at a CAGR of 10.7% from 2020 to 2028.

Increase in demand for column-oriented data warehouse solutions to perform advanced analytics, rapid adoption of virtual data warehousing, and need for low-latency, real-time view and analytics on operational data fuel the growth of the global data warehousing market. On the other hand, high implementation cost and complexity of data warehousing hinder the market growth. Moreover, surge in application of artificial intelligence in data warehousing is expected create multiple opportunities for the market players in the future.

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The data warehousing market is segmented on the basis of type of offering, type of data, deployment, enterprise size, industry vertical, and region. Based on offering type, the ETL solutions segment dominated in 2019, holding around one-third of the global data warehousing market. Whereas, the data mining segment is estimated to exhibit the highest CAGR of 11.9% during the forecast period.

Based on data type, the semi-structured & structured data segment held the highest market share in 2019, accounting for more than three-fourths of the global data warehousing market. On the other hand, the unstructured data segment is expected to showcase the highest CAGR of 14.1% during the forecast period.

Based on region, the market across North America accounted for largest share in 2019, holding nearly two-fifths of the market. Conversely, the global data warehousing market across Asia-Pacific is expected to register the highest CAGR of 12.5% from 2021 to 2028. The other regions studied in the report include LAMEA and Europe.

Key market players profiled in the report include Actian Corporation, Cloudera, Inc., Amazon.com. Inc., IBM Corporation, Google Inc., Oracle Corporation, Microsoft Corporation, Snowflake, Inc., SAP, and Teradata Corporation.

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