The global Power over Ethernet chipsets market is growing at a significant rate during the forecast period. This can be credited to the increasing number of internet users along with high demand for compelling and rapid communications at an affordable cost.
The global microgrid market was valued at US$ 23.80 Bn in the year 2018 and expected to reach US$ 59.12 Bn by the year 2027, expanding at a CAGR of 10.7% during the forecast from 2019 to 2027. Evolutionary changes in the operational and regulatory environment of electric utilities along with the emergence of distributed generation have opened alluring opportunities for on-site electricity generation. This multiple generation approach increases the reliability of power as well as generation efficiency.
The growing number of internet users is the key factor driving the global smartphone security market. Moreover, increasing demand for internet is also contributing significantly towards the growth of smartphone security market. Due to technological progressions and growing number of mobile internet users,the smartphone security markethas observed remarkable developments after the recession of 2009.
The growing number of airports, up gradation of airports and terminal expansions and reduced personnel involvement enhancing safety is pouring growth in the global baggage scanners market. The growing unethical, unlawful practices such as terrorist attacks, theft, hijack etc. has increased the concern for the development and up gradation of the airports and the use of various security and surveillance systems to ensure the security, which has increased the growth in global baggage scanner market.
The global green/intelligent buildings market has been expected to grow at the CAGR of 39.7 % during 2016-2022 and also it has been expected to reach $38000 million in terms of revenue till 2022.Green building practices aim to decrease the environmental impact of a building. Most of the materials used in green buildings such as recycled metal, fiberglass, lumber and mineral wool are non-toxic and renewable in nature. Green buildings uses onsite generation of renewable energy through wind power, biomass, solar power and hydro power. These practices makes a building moderatein its operation for energy usage.
Electronic papers or E-paper are display devices that can mimic the appearance of newspaper just like an ordinary ink on paper. Unlike other conventional backlit flat displays that emit light, electronic paper displays reflects light like the newspaper. Thus E-news-papers are comfortable to read, and provides a wider viewing angle than most of the light-emitting displays. E-Paper or electronic papers are the breakthrough display technologies that enables the development of advanced electronic displays.
Ultrasound devices are majorly used for measuring distances and detecting objects. Ultrasound sonography and imaging is also utilized in the healthcare industry. The major factors thatare helpful for driving this market are the risingprevalence of CVD’s and other heart related diseases. The ultrasound market has generated a revenue of $5,247 million in 2015 and it is expected to growto an average of$7,315.23 million with the CAGR of 6% during the forecast period of 2016 to 2022.
The global access control and authentication market is expected to grow at a CAGR of 16.2% during the forecast period of 2016-2022 and is projected to reach $70 billion by 2022. In recent years, research and development and rising innovations have given a strong momentum to the global access control and authentication market. These systems are used to control the access of objects and people, monitor them, and prevent intrusion into any property and information. Rising need for safety and security and wide adoption of these systems in end user industry are the major driving factor of global access control and authentication market.
The global 3D gaming console market is poised to grow at a significant CAGR of 14.2% during 2016-2022. Various reasons for growth of 3D gaming consoles market are superior technology like stereoscopic images which improves the experience of the gameplay, aggressive marketing by developers and increasing consumer need for sophisticated gaming experience. It is expected that stereoscopic 3D gaming will replace 2D gaming in the coming years.
The global level transmitters market has been expected to grow at the CAGR of 4.3% during 2016-2022.The growing need for reliable and accurate continuous level measurement is the key factor driving the global level transmitters market. Moreover, increasing demand for wireless level instrumentations is also contributing significantly towards the growth of level transmitters market. Wireless level instrumentation offers wide range of offshore applications. In oil and gas industry, wireless level measurement results in improving inventory management. Due to the usage of wireless level transmitters, the users can now prevent overfilling of the tank as well as results in eliminating the risk of spills.
The multi-channel analytics is a process used by business organizations in which they collect data from multiple channels or sources and then link the data together to perform analysis. The analyzed information is further used by the business managersto take decisions related to strategic execution and planning of the same. Multichannel analytics helps the business organizations to increase the overall operational efficiency in understanding the behavior of the customer.
Water wastage due to leakages and illegitimate tapping has been major reasons for water scarcity in several countries. The use of smart water meters help utilities to easily detect leaks by minimizing the element of human error into readings, thereby reducing water losses considerably. Along with the improving awareness regarding the benefits offered, the installation of smart water meters technology is also becoming easier for utilities that previously were hesitant in investing in smart technology.
The Global contactless payment market has been expected to grow at the CAGR of 23.8% during 2016-2022 and has been expected to reach to $18210 million till 2022 in terms of revenue. Contactless payment allows payment of the transaction without any physical connection between the point-of-sales terminal and consumer payment device. Mobile phone payments, cards, key fobs, and stickers are some of the methods that involve contactless payments.
The global casino management system market has been expected to grow at the CAGR of 16.7 % during 2016-2022 and also it has been expected to reach to $6440 million till 2022 in terms of revenue. Casinos are not only meant for gamblers now-a-days but it has been transforming into place facilitating amusement for everyone by means of table games, hotels, slots, restaurants, spas, and many more services, and so each person visiting casinos have their specific purposes.
he global operational predictive maintenance market is expected to grow at the CAGR of 26.6% for the forecast period 2016-2022 and become a $3035 million market by 2022. The growth is attributed to rising demand of big data and Internet of Things and rising focus on operational efficiency to reduce operational cost. In operational predictive maintenance data from multiple data sources is retrieved in real time to predict various patterns regarding quality, assets and production. Adoption of these software and solutions by organizations enables them reduce maintenance cost, increase operational efficiency and prevent unplanned downtime.
The Global Enterprise Content Management Market is anticipated to grow at a CAGR of 19.6 % for the forecasted period of 2016-2022. Enterprise content management is a process of accurately integrating, defining, storing, sourcing and effectively reconciling and retrieving massive amounts of organizations’ documents and helping the organization by making the right document available at the right time. It comprises strategies, tools and methods used throughout the lifecycle of the content. It is a vital part of the business as most of the strategic decisions rely on enterprise content produced and stored inside the organization.
The global reverse osmosis membrane market has been forecasted to reach around $5200 million at a CAGR of 16% during 2016-2022. Rising demand for water treatment is a key driver for global reverse osmosis membrane market. The major factor driving the global reverse osmosis membrane market isstringent government rules and regulations along with rising demand for thin film composites.Usageof reverse osmosis membrane systems is rising all over the world due to growing technological advancements in various fields such asresidential, commercial etc. and it has been expected to drive the market.
The global building commercial automation products & technologies marketis expected to grow at the CAGRof 9.6% for the forecasted periodof 2015-2022 and is expected toreach $93.79billion by 2022.The growth is attributed byrising demand of energy efficient &more secure buildings. Building automation includes centralized control of building’s heating, HVAC, lighting, and all other necessary systems. It helps in efficient operations of buildings, reduction in energy consumption & costs and improved life of utilities.
The global medical membrane market is anticipated to grow at a robust CAGR of 10.2% for the forecast period 2016-2022, and is expected to generate a revenue of around $ 10131 million by 2022. A membrane is usually made from organic or inorganic materials like polymers, metals, glass, ceramics etc. Medical membranes are widely used in various applications such as healthcare, pharmaceutical, biotechnology, and life science industries. Membranes offer high permeability and selectivity, thus providing additional advantage. Properties and type of the membrane to be used for a particular application depends on various factors such as external environment, chemical compatibility, device fabrication, sterilization, degree of sterility required, biocompatibility, etc.
The market for optical system and component for cloud computing systems is expected to grow triple in terms of revenue in just next 10 years. The component market was valued at $1.0 billion in 2014 rising to $1.2 billion in 2015 and is expected to grow with a CAGR of 14.52% during the forecast period.
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