Research Insight

Gantry Robot Companies - Güdel (Switzerland) and Liebherr (Germany) are the Key Players

The global gantry robot market size is projected to grow from USD 3.1 billion in 2020 to USD 4.1 billion by 2025; it is expected to grow at a CAGR of 6.0% from 2020 to 2025. Increasing adoption of pre-engineered gantry robots and standardization of robot programming along with the use of the latest networking protocols is driving the market for gantry robots.

• Published: February 2020

SWEP (Sweden) and Alfa Laval (Sweden) are the Key Players in the Brazed Plate Heat Exchangers Market

The BPHEs market size is expected to grow from USD 799 million in 2019 to USD 1,120 million by 2024, at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period. The major driving factors for the market are growth of global construction sector and increasing use of HVACR systems in this sector.

• Published: February 2020

Weapon Mounts Companies - Kongsberg Gruppen (Norway), Raytheon Company (US) are the Key Players

The weapon mounts market size is projected to grow from USD 1.1 billion in 2019 to USD 1.8 billion by 2025, at a CAGR of 7.7% from 2019 to 2025. The growth of the market across the globe can be attributed to the new installations of weapon mounts in emerging economies and ongoing upgrades to existing systems in developed countries.

• Published: February 2020

Market Leader - Light Control Switches Market

The light control switches market is estimated to grow from USD 6.6 billion in 2020 and projected to reach USD 10.1 billion by 2025, at a CAGR of 8.9%. The major factors driving the growth of the light control switches market include the advent of integrated lighting control systems, ongoing and upcoming smart city projects in developing economies, increasing adoption and reduction in prices of LEDs, and growing awareness about energy savings among consumers and governments worldwide.

• Published: February 2020

Bayer (Germany) and BASF (Germany) are the Key Players in the Seed Processing Market

The seed processing market is estimated at USD 9.1 billion in 2019 and is projected to reach USD 16.6 billion by 2025, recording a CAGR of 10.6% during the forecast period. The global seed processing market is projected to grow in the coming years due to the increased trade of processed seeds at the global level, growing awareness among farmers in the emerging Asia Pacific region pertaining to advantages of seed treatment, and rise in investments from governments and companies. In developed countries, the demand for high-quality crops is projected to play a key role in increasing the sales of seed treatment products; Europe is projected to be a key revenue generator in the seed processing market. The region has the presence of leading players operating in the seed processing market, which include leading seed treatment companies such as Bayer (Germany), BASF (Germany), and Syngenta (Switzerland). In addition, the region witnesses the presence of leading seed processing equipment companies, such as Cimbria (Denmark), Alvan Blanch (UK), PETKUS Technologie GmbH (Germany), and Westrup (Denmark). Thus, seed processing manufacturers have high growth prospects in the coming years in both developed and developing countries.

• Published: February 2020

IGBT & Thyristor Companies - Infineon Technologies AG (Germany) and Fuji Electric Co., Ltd. (Japan) are the Leading Manufacturers

The global insulated-gate bipolar transistor (IGBT) market size is estimated to grow from USD 5.3 billion in 2020 to USD 6.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period. The global thyristor market size is estimated to grow from USD 781 million in 2020 to USD 849 million by 2025, at a CAGR of 1.7% during the forecast period. The key factors fueling the growth of the IGBT and thyristor market are the implementation of government initiatives in various countries towards the replacement of aging power infrastructure, and the adoption of electric motors in industrial, commercial, and residential applications.

• Published: February 2020

Netcracker (NEC Corporation [Japan]) and Nokia (Finland) are leading players in Telecom Billing and Revenue Management Market

MarketsandMarkets expects the global telecom billing and revenue management market size to grow from USD 10.8 billion in 2019 to USD 18.0 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 10.8 % during the forecast period. Telecom billing and revenue management solutions and services help operators increase their revenues by extracting unbilled revenue, leveraging automation to identify revenue leaks, and safeguarding revenue streams from potential losses. The key telecom billing and revenue management solutions include mediation, billing and charging, partner and interconnect management, revenue assurance, and fraud management.

• Published: February 2020

PepsiCo, Inc. (US) and Kellogg Company (US) are the Key Players in the Extruded Snacks Market

The global extruded snacks market is estimated to account for USD 48.3 billion in 2019 and is projected to reach USD 65.2 billion by 2026, recording a CAGR of 4.4% during the forecast period. The market is primarily driven by the increasing disposable income and changing lifestyle among the millennials.

• Published: February 2020

Market Leaders - In-Vehicle Computer System Market

The global in-vehicle computer system market is projected to reach USD 980 million by 2025 from USD 565 million in 2020, at a CAGR of 11.6%. The growth of the market is driven by increased demand for real-time fleet management soultions and surveillance systems in public transits.

• Published: February 2020

Market Leader - Fire Protection Materials Market

The fire protection material market size is projected to reach USD 4.0 billion by 2024 from USD 2.7 billion in 2019, at a CAGR of 8.5% between 2019 and 2024. Strict building codes & building regulations and increased emphasis on passive fire protection materials along with fire-stop contractors influencing the consumption are driving the market. Higher costs of these materials and lack of awareness among the consumers are restraining the market growth.

• Published: February 2020

Foremost Companies in the Fiducial Markers Market: CIVCO Radiotherapy (US) and IZI Medical Products (US)

The global defibrillators market is projected to reach USD 123 million by 2025 from USD 95 million in 2019, at a CAGR of 4.5%. Factors such as the growing incidence of cancer globally, improving reimbursement scenario, and the growing adoption of image-guided radiotherapy are expected to propel the growth of this market.

• Published: February 2020

Micromachining Companies - Coherent, Inc. (US) and Makino Milling Machine Co., Ltd. (Japan), are the Key Players

The global Micromachining Market Size is expected to grow from USD 2.4 Billion in 2020 to USD 3.3 Billion by 2025, at a CAGR of 6.2%.

The main factor accelerating the micromachining industry growth is its growing demand for the miniaturization of electronic devices and preference towards laser-based micromachining over the traditional approach.

• Published: February 2020

Situational Awareness Companies - General Electric (US) and Lockheed Martin (US) are the Key Players

The situational awareness market is projected to grow from USD 17.2 billion in 2020 to USD 21.8 billion by 2025, recording a CAGR of 4.9% between 2020 and 2025. Major factors driving the growth of the Growing demand for situational awareness solutions in aviation and military, use of mobility solutions transforming military tactical operations, and growing importance of situational awareness in cybersecurity to provide significant situational awareness.

• Published: February 2020

Tektronix (US) and National Instruments (US) are the Key Players in the Precision Source Measure Unit Market

The global precision source measure unit market size is expected to grow from USD 394 million in 2019 to USD 637 million in 2024 at a CAGR of 10.1% from 2019 to 2024. North America is estimated to be the largest precision source measure unit market, followed by Asia Pacific in 2019 and this trend is expected to continue during the forecast period. The growth of the precision source measure unit industry can be attributed to the high level of integration & flexibility of the precision source measure unit and growing demand from the automotive and medical industries.

• Published: February 2020

Market Leader - Function Generators Market

The global function generators market size is expected to grow from an estimated revenue of USD 1.4 billion in 2019 to USD 1.9 billion by 2024, at a CAGR of 6.1% during the forecast period. The factors driving the market growth are the growing adoption for high-performance and power-efficient devices for aerospace, defense & government services along with investments in the automotive (electric vehicles) sector due to the concern towards the hazardous environmental effects.

• Published: February 2020

Leading Players Adopting Various Strategies to Strengthen Their Business in the IoT in Construction Market

Internet of Things (IoT) is the network of physical objects or things embedded with electronics, software, sensors, and connectivity. Internet of Things (IoT) in construction refers to the management of construction processes using modern information & communication technologies to increase productivity. It involves the use of hardware devices, data analytics solutions, network and sensing technologies, software, and other components to improve construction processes. IoT helps the construction industry to improve productivity and safety at construction site by enabling remote operations and predictive maintenance and offering smart wearables. The market size of IoT in construction is projected to reach USD 16.8 billion by 2024, at a CAGR of 16.5% between 2019 and 2024.

• Published: February 2020

Market Leader - PXI SMU Market

The global PXI SMU market size is projected to reach USD 267 million by 2024, from an estimate of USD 124 million in 2019, growing at a CAGR of 16.5% during the forecast period. Asia Pacific is estimated to be the largest consumer of PXI SMU, followed by North America. This trend is expected to continue during the forecast period. The growth of the PXI SMU industry is driven by the demand for high-resolution modular source measure units for critical applications such as in complex semiconductor testing and avionics product testing.

• Published: February 2020

Market Leaders - Electronic Load Market

The global electronic load market size is expected to grow from an estimated revenue of USD 3.0 billion in 2019 to USD 4.0 billion by 2024, at a CAGR of 6.3% during the forecast period. The growth of this market is driven by the increasing demand for testing electronics components that are used in wireless communication and infrastructure for providing reliability in communication.

• Published: February 2020

New Product Developments Accounted for the Largest Share of all the Strategic Developments that Took Place in the Bag-in-Box Market

The global bag-in-box market size is projected to grow from USD 1.6 billion in 2019 to USD 1.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 3.8% during the forecast year. The growth of this market is attributed to the need for innovative and sustainable packaging as well as the increasing consumption of alcoholic beverages in developing and developed economies

• Published: February 2020

Geographic Information System Companies - Environmental Systems Research Institute, Inc. (Esri) (US) and Hexagon AB (Sweden), are the Key Players

The global Geographic Information Systems (GIS) Market Size is expected to grow from USD 8.1 billion in 2020 to USD 14.5 billion by 2025 at a CAGR of 12.4% from 2020 to 2025.

A few key factors driving the growth of this market include the development of smart cities and urbanization, integration of geospatial technology with mainstream technologies for business intelligence, and the adoption of GIS solutions in the transportation sector.

• Published: February 2020

Check Point (Israel) and Palo Alto Networks (US) are leading players in Software Defined Perimeter Market

The global Software Defined Perimeter (SDP) market size is expected to grow from USD 2.9 billion in 2019 to USD 13.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 36.5% during the forecast period. The rising demand policy-based security architecture to reduce network complexities and increasing adoption of cloud-based applications are major factors driving the adoption of SDP solutions in the market.

• Published: February 2020

Key Revenue Pockets - Time-of-Flight (ToF) Sensor Market

ToF sensors measure the time taken by a wave pulse to travel through a medium right from its emission to its reflection from an object, and its return to the ToF sensor. A ToF camera sensor can be used to measure the distance and the volume of the target. Also, it finds applications in object scanning and tracking, indoor navigation, obstacle avoidance, gesture recognition, and reactive altimeters. Data generated from the ToF sensor can also help in 3D imaging and improving augmented reality (AR) experiences. In smartphones, ToF camera sensors are likely to be used for 3D photography and AR.

• Published: February 2020

Huntsman Corporation (US) and Wacker Chemie AG (Germany) are the Leading Players in the Textile Finishing Chemicals Market

The global textile finishing chemicals market is estimated to grow from USD 6.2 billion in 2019 to USD 8.2 billion by 2024, at a CAGR of 5.5% during the forecast period. The market is witnessing significant growth globally due to the rising demand for finishing chemicals in various applications. The increasing demand for technical textile and functional home textile finishes is expected to drive the textile finishing chemicals market, globally. However, stringent regulations for the disposal of textile finishing effluents pose as a major restraint for this market.

• Published: February 2020

Market Leaders - DC Power Supplies Market

The global DC power supplies market size is projected to grow at a CAGR of 4.7% from 2019 to 2024. The market is estimated to be USD 361 million in 2019 and expected to reach USD 454 million by 2024. North America is estimated to be the largest DC power supply market, followed by Asia Pacific in 2019. This trend is expected to continue until 2024. Increasing demand for power supplies in the automotive and wireless communication & infrastructure sector along with the stringent regulatory complaint and standards for the design & manufacturing of efficient power supplies in the countries such as the US, Canada, China, India, and others might accelerate the demand.

• Published: February 2020

Analytics as a Service Industry - Exploring Emerging Trends and Innovations

The market for analytics as a service is expected to grow at a compound annual growth rate (CAGR) of 24.5% during the forecast period, from an anticipated USD 13.3 billion in 2024 to USD 39.8 billion by 2029.

• Published: February 2020

New Product Developments Accounted for the Largest Share of all the Strategic Developments that took place in the Stucco Market

The global stucco market size is projected to grow from USD 10.9 billion in 2019 to USD 13.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 4.2% during the forecast year. The growth of this market is attributed to the boost in construction activities in emerging economies, as well as the low maintenance and easy installation of stucco systems.

• Published: February 2020

Analytics as a Service Market Size and Share - Comprehensive Analysis | MarketsandMarkets

The global Analytics as a Service Market is projected to expand at a CAGR of 24.5% during the forecast period to reach USD 39.8 billion by 2029, size was valued USD 13.3 billion in 2024.

• Published: February 2020

Magnetic Separator Companies - Eriez (US) and Goudsmit Magnetics (Netherlands) are the Key Players

The magnetic separator market was valued at USD 725 million in 2020 and is expected to grow at a CAGR of 5.1% from 2020 to 2025 to reach USD 928 million by 2025. Stringent rules and regulations pertaining to quality in food & beverage industry, and expansion and urbanization in developing countries are the factors driving the growth of the magnetic separator market. Technological advancements in magnetic separation technology and waste management sector along with increasing use of superconducting magnets in magnetic separators are expected to provide growth opportunities to the market players during the forecast period.

• Published: February 2020

Key Revenue Pocked - Optoelectronic Components Market

Optoelectronic components cover electronic devices that operate on both, light and electrical currents. These can include light sources that are electrically driven, devices that can convert light into electrical current, and devices capable of electronically control light propagation. This report covers optoelectronic components such as LEDs, optocouplers, sensors, infrared components, ultraviolet components, and laser diodes. These components find application in verticals such as automotive, consumer electronics, telecommunication, military & aerospace, industrial, medical, and residential & commercial.

• Published: February 2020

Crawler Camera System Companies - CUES (US) and Deep Trekker (Canada) are the Key Players

The crawler camera system market is projected to reach USD 353 million by 2025 from USD 145 million in 2019; it is projected to grow at a CAGR of 14.5% during the forecast period. The major drivers for the market’s growth are the rising demand from residential and municipal applications, increasing government mandates and regulations for pipeline assessment, growing demand for advanced inspection systems for underwater operations, and growing demand for sewer inspection. The introduction of magnetic crawlers will create growth opportunities for crawler camera system manufacturers. The major restraint for the market is the faster battery drainage of crawler camera systems. The time involved in the data analytics process in crawler camera systems poses a major challenge for this market.

• Published: February 2020

Non-volatile Memory Express (NVMe) Companies - Samsung Electronics Co., Ltd. (Samsung) (South Korea) and Western Digital Corporation (Western Digital) (US), are the Key Players

The global NVMe Market Size is projected to grow from USD 44.6 billion in 2019 to USD 163.5 billion by 2025; it is expected to grow at a CAGR of 29.7% from 2020 to 2025.

The major factors driving the growth of the market include the increasing adoption of NVMe technologies in SSDs, servers, and storage appliances; exponential rise in data generation and evolving demand for data storage and processing infrastructure; and significant performance advancements offered by NVMe.

• Published: February 2020

Key players adopted various growth strategies, including partnerships, agreements, collaborations, and new product launches, to expand their presence in the Network Traffic Analyzer Market

The global network traffic analyzer market size is projected to grow from USD 1.9 billion in 2019 to USD 3.2 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period. The major factors driving the growth of the market include the demand for network virtualization and automation, increased emergence of cloud services and server virtualization, and the need for advanced network management systems.

• Published: February 2020

NortonLifeLock Inc. (Symantec Corporation) (US) and Zscaler, Inc (US) are leading players in Secure Web Gateway Market

The Secure Web Gateway (SWG) market is projected to grow from USD 4.6 billion in 2019 to USD 10.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 19.1% during the forecast period. The major factors driving the market include the need to manage voluminous data and adhere to the upcoming regulations and compliances related to data protection.

• Published: February 2020

Mechanical Control Cable Companies - Triumph Group and Crane Aerospace & Electronics are the Key Players

The global mechanical control cables market for military and aerospace is projected to grow from USD 8.8 billion in 2019 to USD 11.9 billion by 2025, at a CAGR of 5.1% from 2019 to 2025. Increasing air passenger traffic and demand for commercial aircraft are likely to drive market growth in the coming years.

• Published: February 2020

Expansions, Partnership, Agreement, New Product/Technology Launch, Joint Venture, and Merger & Acquisition are the Key Development Strategies Adopted by the Leading Players for the Growth of the Glass & Specialty Synthetic Fiber Market

Glass & specialty synthetic fibers are used for composite and non-composite applications in a variety of end-use industries, including aerospace & defense, transportation, wind energy, marine, pipe & tank, construction & infrastructure, protective clothing, and electrical & electronics. The glass fiber & specialty synthetic fiber market is growing at a rapid pace. The global market size of glass & specialty synthetic fibers was USD 65.9 billion in 2019 and is projected to reach USD 91.4 billion by 2024, growing at a CAGR of 6.8% between 2019 and 2024.

• Published: February 2020

Microsoft (US) and IBM (US) are leading players in Mobile Security Market

The global mobile security market size is expected to grow from USD 3.0 billion in 2019 to USD 7.2 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 19.4% during the forecast period. The increasing adoption of Bring Your Own Devices (BYODs) among enterprises is one of the major drivers of the mobile security market growth.

• Published: February 2020

Microsoft (US) and Google (US) are Leading Payers in BDaaS Market

The global Big Data as a Service (BDaaS) market size is expected to grow from USD 11.3 billion in 2019 to USD 42.7 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 30.5% during the forecast period. Factors driving the market growth include the growing demand in industries to gain actionable insights from big data and growth in data due to digitization and automation of business processes.

• Published: January 2020

Market Leader - Meat Processing Equipment Market

The meat processing equipment market size is projected to grow from USD 6.8 billion in 2019 to USD 9.7 billion by 2026, recording a compound annual growth rate (CAGR) of 5.2% during the forecast period. Meat processing equipment is used to convert raw meat into the required finished meat product commercially through processes such as cutting, slicing, washing, blending, mixing, grinding, drying, thermal processes, freezing, coating, and cooling. The demand for meat processing equipment is increasing with the growth of the food and meat industry, owing to the increasing consumption of convenient meat products such as raw cooked meat, precooked meat, baked meat, dried meat, and other processed meat products.

• Published: January 2020

Roll-to-Roll Printing Companies - Samsung (South Korea), LG Electronics (South Korea) are the Key Players

The roll-to-roll (R2R) printed flexible electronics market is estimated to be valued at USD 7.2 billion in 2020 and is projected to reach USD 18.3 billion by 2025; it is expected to grow at a CAGR of 20.5% from 2020 to 2025. A few key factors driving the growth of this market include development of compact and lightweight electronic devices and circuits using roll-to-roll (R2R) printing; rise in global demand for energy-efficient, thin, and flexible roll-to-roll (R2R) printed consumer electronics; significant cost advantages offered by roll-to-roll (R2R) printing used for manufacturing electronic components and devices, and increased use of flexible electronics in healthcare applications.

• Published: January 2020

Market Leader - Pet Food Processing Market

The global pet food processing market size is projected to grow from USD 4.4 billion in 2019 to USD 6.2 billion by 2026, recording a compound annual growth rate (CAGR) of 5.0% during the forecast period. The increasing trend of pet food product premiumization and the rising acceptance of pets across regions are factors that are projected to drive the growth of the pet food processing market. Furthermore, acceptance of pets as family members among pet owners, increasing disposable income, and rising urbanization are factors that are also projected to drive the market growth.

• Published: January 2020

Market Leaders: Digital Multimeter Market

The global digital multimeter market size is projected to reach USD 1,047 million by 2024 from an estimated market size of USD 847 million in 2019, at a CAGR of 4.3% during the forecast period. The key factors driving the market include increased penetration of electronic devices across various end user industries and the low cost and multifunctional nature of multimeters.

• Published: January 2020

Fine Organics (India) and Croda (UK) are the Leading Players in the Slip Additives Market

The slip additives market size is projected to reach USD 284 million by 2024, from USD 223 million in 2019, at a CAGR of 5.0% between 2019 and 2024. The slip additives market is expected to witness moderate growth during the forecast period owing to the increasing demand in packaging applications such as food & beverage, healthcare, and consumer goods. Rising competition and increasing concerns regarding environmental safety are encouraging manufacturers to develop packaging, which is cost-effective, requires fewer resources, and provides better protection, further supporting the growth of the slip additives market. However, stringent government regulations regarding the use of plastics are expected to hamper the growth of the slip additives market. Volatility in raw material prices might adversely affect the overall cost of production incurred by the slip additive manufacturers. The players in the slip additives market are mainly concentrating on acquisitions and expansions to meet the growing demand for slip additives from various applications. Expansion helps the companies to expand their geographical reach, garner new projects, strengthen their product & service portfolios, and cater to untapped markets.

• Published: January 2020

Foremost Companies in the Protein Engineering Market: Thermo Fisher Scientific (US) and Danaher Corporation (US)

The global protein engineering market is estimated to grow from USD 2.2 billion in 2019 to USD 3.9 billion by 2024, at a CAGR of 12.4% during the forecast period. The growth of this market is largely driven by factors such as the increasing investments in synthetic biology and the growing focus on protein-based drug development by pharmaceutical & biotechnology companies. On the other hand, factors such as the high cost of instruments and laboratory documentation systems are expected to restrain the growth of this market during the forecast period.

• Published: January 2020

Market Leader - Propylene Glycol Market

The propylene glycol market size is projected to reach USD 4.7 billion by 2024 from USD 3.8 billion in 2019, at a CAGR of 4.4%. The growing demand for propylene glycol in countries such as China, India, Japan, and South Korea from the transportation, building & construction, food & beverage, pharmaceuticals, and cosmetics & personal care industries is expected to fuel the growth of the market. The market is evolving, with major players playing a crucial role in the development of new and advanced products.

• Published: January 2020

New Revenue Pockets: Implementation of Innovative Animal Husbandry Practices with Focus on Feed Quality Creates Opportunities for the Feed Antioxidants Market

The global feed antioxidants market is estimated to be valued at USD 356 million in 2019 and is likely to reach USD 474 million by 2025, growing at a CAGR of 4.9% during the forecast period. Factors such as the rise in demand for quality feed, improved technology for feed production, and an increase in the standardization of meat products stimulate the growth of the feed antioxidants market across the globe.

• Published: January 2020

Cardinal Health (US), Curium (France) and GE Healthcare (US) are Leading Players in the North American Nuclear Medicine/Radiopharmaceuticals Market

The North American nuclear medicine market is expected to reach USD 2.7 billion by 2024 from an estimated USD 2.2 billion in 2019, growing at a CAGR of 4.1% during the forecast period. Growth in the North American nuclear medicine market can primarily be attributed to factors such as the increasing incidence and prevalence of cancer & cardiovascular diseases and initiatives to lessen the demand-supply gap of Mo-99. However, the short half-life of radiopharmaceuticals reduces their potential adoption, while hospital budget cuts and high equipment prices are expected to limit market growth to a certain extent.

• Published: January 2020

Croda International (UK) and Evonik Industries (Germany) are the Major Players in the Sucrose Esters Market

The global sucrose esters market size is projected to grow from USD 76 million in 2019 to USD 106 million by 2025, recording a compound annual growth rate (CAGR) of 5.7% during the forecast period. The increasing trend of spending on consuming convenience food products in developing countries and multifunctional properties of sucrose esters are factors that are projected to drive the growth of the sucrose esters market. Furthermore, consumers are shifting toward dairy alternatives, which is also projected to drive the market growth.

• Published: January 2020

KRÜSS GmbH (Germany), DataPhysics Instruments GmbH (Germany), Biolin Scientific AB (Sweden), and Kyowa Interface Science Co. Ltd. (Japan) are the Leading Players in the Global Tensiometer Market

The global tensiometer market size is projected to reach USD 151 million by 2024 from USD 103 million in 2019, at a CAGR of 7.9% during the forecast period. Key players are focusing on increasing their presence in this growing market through both organic as well as inorganic growth strategies, such as product launches, agreements, partnerships, collaborations, and expansions. Due to the intense competition in this market, various market players are increasingly focusing on expanding their geographic presence in high-growth emerging markets.

• Published: January 2020

Key Players Adopted Various Growth Strategies, Including New Product Launches and Product Enhancements, Partnerships, and Acquisitions, to Expand Their Presence in the Deep Packet Inspection and Processing Market

The global deep packet inspection and processing market is expected to grow from USD 8.7 billion in 2019 to USD 12.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 5.9% from 2019 to 2024. The continuous evolution of cyberattacks and need for network performance management and optimization solutions to efficiently manage today’s complex networking environments are some of the major driving factors for the deep packet inspection and processing market.

• Published: January 2020

Plant Asset Management Companies - Emerson Electric Co. (U.S.) and ABB Ltd. (Switzerland) are the Key Players

Plant asset management (PAM) includes asset identification, monitoring, refurbishing, and replacement. The plant asset management plan includes the utilization of different measurement technologies to protect and predict the health of plant assets. It provides valuable information about the condition of assets over the entire life cycle. This information is used for optimizing plant operations and maintenance, increasing production capacity, and implementing predictive maintenance and operational strategies. Further, surging adoption of lean manufacturing practices by several organizations, increasing focus on providing cloud-based PAM solutions to satisfy customer demands, escalating demand for asset management software that can identify potential failures to avoid futuristic loss, and growing need for real-time data analytics are the major factors driving the market growth. The plant asset management (PAM) market size is estimated to grow from USD 5.5 billion in 2019 to USD 9.4 billion by 2024, at a CAGR of 11.3%.

• Published: January 2020