Schneider (France) and ABB (Switzerland) are Leading Players in the Functional Safety Market

Functional safety covers the implementation of safety instrumented systems and related services to mitigate risks associated with a process in which components such as sensors, logic controls, and acting elements are used. Implementing functional safety ensures that safety critical control and protective systems are appropriately specified, designed, installed, and maintained. Safety devices such as sensors, programmable safety systems, and final elements are an integral part of safety instrumented systems and industrial control systems. The adoption of standards such as IEC 61508 and IEC 61511 has increased the dependency on functional safety systems to achieve the required risk reduction targets. IEC 61508 and IEC 61511 are performance-based standards that promote the concept of the functional safety life cycle. The growth of the market is attributed to strict mandates for safety regulations, surging demand for safety systems in the oil & gas industry, high requirement for reliable safety systems to ensure personnel and asset protection, and rise in industrial revolution 4.0. The functional safety market is expected to reach USD 7.1 billion by 2024 from USD 4.6 billion in 2019, at a CAGR of 8.8%. Schneider (France), Rockwell (US), and Yokogawa (Japan) are the leading players in the functional safety market.

Market Leadership - Force Sensor Market

The force sensor market size is expected to grow from USD 1.8 billion in 2019 to USD 2.3 billion by 2024, at a CAGR of 5.5%. Rising demand for industrial robots and growing safety features in automobiles are the key factors driving the growth of the force sensor market.

Juniper Networks (US) and Arista Networks (US) are leading players in Network Telemetry Market

MarketsandMarkets expects the global network telemetry market size to grow from USD 140 million in 2019 to USD 704 million by 2024, at a Compound Annual Growth Rate (CAGR) of 38.1% during the forecast period. Network telemetry solutions deliver value to network operations by collecting, monitoring, and analyzing networks’ data, which help Information Technology (IT) administrators to handle network infrastructure effectively. Network telemetry collects real-time data from physical or virtual devices using push-based data collection methods. Network devices, such as routers and switches, utilize the push data method to send their data proactively to the collectors, which are either network monitoring tools or network analytics platforms. The key data elements network monitoring includes traffic statistics, interface status, memory data, and Central Processing Unit (CPU) use. Growing complexities in the network infrastructure have created a burden on network operation teams to handle networks effectively and smoothen business processes.

IDEXX Laboratories, Inc. (US) and VCA, Inc. (US) are the Prominent Players in the Veterinary Reference Laboratory Market

IBM (US), Siemens Healthineers (Germany), and Carestream Health (US) are the leading players in the Healthcare Cloud Computing Market

The global healthcare cloud computing market size is projected to reach USD 51.9 billion by 2024 from USD 23.4 billion in 2019, at a CAGR of 17.2% during the forecast period. The growth of this market is primarily attributed to the increasing adoption of big data analytics, wearable devices, and IoT in healthcare; and the advantages of cloud usage, such as improved storage, flexibility, and scalability of data. However, concerns over data security and privacy, and complex regulations governing cloud data centers are expected to restrain the growth of this market.

IBM Corporation (US), Microsoft Corporation (US) and Google (US) are leading Players in the Artificial Intelligence (AI) in Drug Discovery Market

The global AI in the drug discovery market is projected to reach USD 1,434 million by 2024 from USD 259 million in 2019, at a CAGR of 40.8% during the forecast period (2019–2024). The growth of the artificial intelligence in drug discovery market is primarily driven by factors such as the growing number of cross-industry collaborations and partnerships, the need to control drug discovery & development costs and reduce the overall time taken in this process, the rising adoption of cloud-based applications & services, and the impending patent expiry of blockbuster drugs.

Market Leadership - Flexible AC Transmission Systems (FACTS) Market

The flexible AC transmission systems (FACTS) market is projected to reach USD 1.7 billion by 2024 from USD 1.2 billion in 2019, at a CAGR of 6.0%. Major drivers for the market’s growth are increasing benefits offered by FACTS, growing transmission line, rising focus on energy generation using renewable sources, and surging demand for STATCOM devices for voltage control. Further, rising investment in transmission networks and potential opportunities in APAC are the opportunities for FACTS manufacturers. The major restraint for the market is high installation costs. Size and communication limitations in FACTS pose a major challenge to this market.

Nutrien Ltd. (Canada) and Yara International ASA (Norway) are the Key Players in the Liquid Fertilizers Market

Ahlstrom-Munksjo (Finland) and Lydall, Inc. (US) are the Major Players in the Liquid Filtration Market

ERG Aerospace Corporation (US) and CYMAT Technologies Ltd. (Canada) are the Key Players in the Metal Foam Market

Dun & Bradstreet (US) and DiscoverOrg (US) are leading Players in the Sales Intelligence Market

The global sales intelligence market is expected to grow from USD 2.0 billion in 2019 to USD 3.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period. Factors that drive the market growth of the sales intelligence market are imminent need for advanced software to improve customer targeting and connect rates, and growing demand for data enrichment software to improve sales conversions.

Cisco and Palo Alto Networks are leading Players in the Malware Analysis Market

The global malware analysis market size is projected to grow from USD 3.0 billion in 2019 to USD 11.7 billion by 2024, at a CAGR of 31.0% during the forecast period. The major factors driving the market include the need to manage the upcoming regulations and compliances.

Artificial Solutions (Spain) and Kevit (India) are leading players in Chatbot Market

The global chatbot market is expected to grow from USD 2.6 billion in 2019 to USD 9.4 billion by 2024 at a Compound Annual Growth Rate (CAGR) of 29.7% during the forecast period. Major factors driving the growth of the chatbot market are the advancement in technology coupled with rising customer demand for self-services, and the growing demand for 24*7 customer assistance at a lower operational cost.

Delacon (Austria), Cargill (US), Bluestar Adisseo (China), and Natural Remedies (India) are the Key Players in the Phytogenic Feed Additives Market

Key players adopted various strategies to grow in the Rail Asset Management Market

MarketsandMarkets projects the global rail asset management market size to grow from USD 9.0 billion in 2019 to USD 12.3 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period. Major factors expected to drive the growth of the rail asset management market include an increased need for efficient operations, increasing adoption of the Public-Private Partnership (PPP) model, government initiatives, and high demographic growth and hyper urbanization