Modular robotic systems are self-configurable modular robots or self-configuring robotic units that can reconfigure themselves to adapt to the changing environment. These robots are capable of performing different functions or roles such as designing, controlling, fabricating and motion controlling on the basis of their different shapes. Modular robotics uses 3D patterned lattice architecture for assembling various components of the robot.
The general display technologies market worldwide is expected to grow at a CAGR of 7.2% during the forecast period from 2019 to 2027. A display is an output device for visualizing information. A display does not create a permanent record and majorly used in consumer electronics. The consumer electronics market is growing at a CAGR of over 7.7% during the forecast period. A display offers the decoded information transmitted to the user. Change in lifestyle and demand for consumer durables have led to an increase in investments in display technologies.
The fusion splicer market worldwide is expected to grow with a CAGR of 4.7% during the forecast period from 2019 to 2027, starting from US$ 597.3 Mn in 2018. Many nations are focusing on the innovations and the expansions in fiber optic network in numerous telecommunication projects, which would in turn help to increase the market demand for the fusion splicer systems in future. In the month of March 2017, Fujikura Ltd. came up with two new tools the RS02 and the RS03 for the purpose of stripping the telecommunication optical fiber.
The global ePrison market was valued US$ 1.81 Bn in 2018 and is expected register growth at 6.2% CAGR during the forecast period from 2019 to 2027. In 2018, the adoption & deployment of ePrison solutions was highest in North America followed by Europe and Asia Pacific respectively. The value contribution of North America to the global ePrison market stood at over 36% in the same year. The U.S. represents the largest ePrison market in North America & worldwide.
The global enterprise collaboration services market is growing competently, and accounted for US$ 32.75 Bn in 2018 and is expected to grow at a CAGR of 9.3% throughout the forecast period 2019 to 2027. Enterprise collaboration services market is presently seeing a rush towards innovation, which has led to several new methodologies that have actual latency of a digital workplace breakthroughs.
The enhanced vision systems market worldwide is expected to grow with a CAGR of 4.1% throughout the forecast period from 2019 to 2027, starting from US$ 225.7 Mn in 2018. Expansion of aerospace industry worldwide is the major factor driving the enhanced vision systems market growth. The aerospace industry is projected to grow with a CAGR of around 4% in years to come. Advanced technological development, rising government investments in the aerospace industry and growing safety concerns are other important factors driving the market growth.
The global emotional analytics market expected to expand at a CAGR of 15.6% during the forecast period from 2019 to 2027. Emotional Analytics is a next-gen technology and with its futuristic implications it has come under the limelight in business world. This technology is useful for data collection, data classification, data visualization and data analytics. Organizations are leveraging the capabilities of this technology to improve their customer relationship management (CRM).
Globally, the edutainment market is expected to grow with a CAGR of 17% during the forecast period from 2019 to 2027, up from US$ 2.30 Bn in 2018. This market is mainly attributed to the rapid advancement in the technology domain. The technology sector has evolved significantly over the past decade. This development has brought new phenomena in the education sector with the introduction of entertainment in the learning models.
The global education technology market was valued at US$ 142.81 Bn in 2018 and is anticipated to grow to US$ 435.60 Bn growing at a CAGR of 13.33% throughout the forecast period from 2019 to 2027.
The global document management software market accounted for US$ 4.43 Bn in 2018 and is projected to grow to US$ 10.68 Bn in 2027, growing at a CAGR of 10.3% throughout the forecast period from 2019 to 2027. Document management software assists the businesses in combining papers into digital files and store them into a single place. Mainstreaming of sources including Web, thumb drives, and smartphones among others has accelerated the need to deal with information of all kinds.
Document imaging refers to the practice of converting information contained in physical documents into digital images with the use of scanners, special cameras and other electronic transfer processes. Document imaging is a vital part of Enterprise Content Management (ECM), widely used in business for replicating document. Number of document imaging system types include copiers, microfilms, scanners, facsimile machines, archive writers, multifunction printers and Computer Output Microfilm (COM) among others. Organizations that make use of document imaging technology have an edge over others in terms of reduction in paper usage, reduced record storage space, quick & easy access to information and improved information security among others. Similarly, such technology enables data duplication and transfer in digital format to create secure electronic backup media that can be stored off site as well.
Globally, the document capture software market is expected to grow with a CAGR of 13.3% during the forecast period from 2019 to 2027 and had registered a market value of US$ 6.30 Bn by 2018. A document capture software is defined as an application used for converting physicals documents into digital, resulting in a reduction of workload among the business and allows the organizations to manage the business flow. Moreover, this software also enhances customer experience and increases operational efficiencies.
DNS, DHCP and IPAM (DDI) is an integrated critical networking technology used across almost all end-use sectors seeking an efficient network management. Foundation of core network services in its structure allows all communication to be based on IP-based network. As enterprises grow in their business, modern network infrastructure induces tremendous pressure on tasks associated with DNS, DHCP as well as IPAM. Similarly, growing number of IP addresses per user are highly prone to cyber-attacks in unsecured enterprise network. Considering all aforementioned concerns, integrated DDI technology provides a solution to rapidly and easily manage tasks related to network management & security.
The global distributed control systems market was valued at US$ 16.57 Bn in 2018 and expected to register strong growth, expanding at a CAGR of 4.3% during the forecast period from 2019 to 2027. Asia Pacific represented the largest distributed control systems market worldwide in 2018 and presumed to retain its leading position throughout the forecast period 2019 – 2027.
Globally, the direct-to-shape inkjet printing market is expected to grow with a CAGR of 6.3% during the forecast period from 2019 to 2027, starting from US$2.80 Bn in 2018. At present, direct-to-shape inkjet printing is changing the packaging industry. This technology enables the printing of images and the texts directly on objects such as bottles, cans and other products. Along with the package decoration, it also helps to provide valuable information about the products.
Globally, the digital writing instruments market is expected to grow with a CAGR of 8.6% during the forecast period from 2019 to 2027, and has register a market value of US$ 230.0 Mn in 2018. Digital writing instruments are defined as the devices, which are battery-operated writing instrument that can record the handwritten notes and drawing. These instruments can be a pen, pencil or stylus.
The global digital utility market accounted for US$ 141.41 Bn in 2018 and is anticipated to grow to US$ 381.38 Bn growing at a CAGR of 11.7% throughout the forecast period from 2019 to 2027. Using digital technology as an enabler of change aids utility companies to transform to new energy systems. The growth of digital utility market is driven by factors including strict environmental regulations and increase in renewable energy sector and renewable integration among others.
The global digital twin market was valued at US$ 3.76 Bn in the year 2018 and expected to reach US$ 57.38 Bn by year 2027, expanding at a CAGR of 37.1% during the forecast from 2019 to 2027. Digital twin is a virtual replica of the physical system that continually adapt the environmental changes and deliver the best business outcome in real time. It is an ideal way to analyze, access, and structure the complex-product related data.
The global Digital Transaction Management Market is growing competently, projected to grow at a CAGR of 19.6% during the expected period from 2019 to 2027, starting from US$ 3.85 Bn in 2018. The digital transaction management market is dominated by hardware segment in 2018 and is projected to maintain its dominance over the forecast period.
Globally, the digital textile printing market is expected to grow by a CAGR of 16.0% during the forecast period from 2019 to 2027, up from US$ 1.70 Bn in 2018. The growth of the market is attributed to the increasing adoption of digitalization in the textile industry. The technological advancement across the world has changed the way the organization operates. Organizations are going through a phase of digital disruption and becoming more ubiquitous to enhance operational efficiency. The printing and textile industry is following the trend and digitalizing their business process.
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