Thursday 27 April 2017

Smart Factory Market 2017 by Grade, Application, End use Industry, and Region – Global Forecast 2024

The research report “Smart Factory Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China, India, Japan, Malaysia, Thailand, Indonesia, Australia, Brazil, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024”, Global Smart Factory Market size is witnessing a substantial growth, with increasing demand for smart production technology, includes quality & productivity and zero defect.

Growing demand for efficient and energy saving production process is likely to fuel the smart factory market demand. The advanced factories provide complete automation solutions for production facilities to streamline the flow of materials without wasting any time by connecting machine to machine communication.

Increasing adoption of industrial robots, digital transformation and development of internet services by manufacturers are the major factors which will propel the smart factory market growth in future. Industrial evolutions in the technology enhancements has resulted in upgraded production facility in terms of efficiency couple with minimum waste & defects.

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In manufacturing process, industrial robot is a disruptive technology and is anticipated to bring a revolution in smart factory market. Implementation of industrial robotics has led to advanced production processes which can improve the productivity, reduce the human errors and increase the production volume.

Strong automotive outlook coupled with upsurge in manufacturing of auto parts and is expected to hold the largest market share of smart factory market in future. Efficient and upgraded production plays a significant role in the production and development of quality automotive components. Moreover, adoption of advancement in technology in the oil and gas industry is anticipated to be highest owing to extensive need for reliability and safety in oil & gas manufacturing plants in order to enhance the overall efficiency and minimizing the operating cost.

Expansion of packaging, transportation, pharmaceuticals and chemical industries is likely to propel the smart factory market owing to its immense use in this segment for enhancing the productivity without any wastage of time and material. Technology and automotive in product manufacturing makes the usage of several devices including motors, switches, sensors and technologies in radio frequency identification, manufacturing execution system programmable logic control and others are designed in order to meet the requirement of manufacturing units.

Lack of standardization and interoperability coupled with unavailability of efficient & trained workers are the key restraining factors for global smart factory market growth in upcoming years. Threats of cyber security and associated cost is hampering the product manufacturing market in weapons, armaments and nuclear industries.

North America, led by U.S. holds the major share of smart factory market. Presence of leading players and multinational companies will further augment the demand. Increasing research & development in internet of things (IOT) for improved and modern technology are major factors driving the product demand in this region.

Asia Pacific, is foreseen to be largest in smart factory market during the predicted timeframe owing to high investments in development of processing sectors along with favorable government regulations and availability of raw materials. Growth in pharmaceuticals and IT industry is likely to fuel the smart factory market demand in this region. For an instance, In April 2015, South Korea government has invested around USD 12 million in order to promote the product concept in this region.

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Large presence of automotive manufacturing units and high investments by leading companies are the key factors driving demand in the Europe region. Enhancing the production output along with quality products will further augment the demand in forecasted time period.

The prominent players of smart factory market include Siemens AG, General Electric Company, Fanuc Corporation, ABB Ltd., Schneider Electric and Honey International Inc. Some other notable players in this market include Yokogawa Electric Corporation, Kuka Aktiengesellschaft, Atos SE, Johnson Controls Inc., Emerson Electric Company and Robert Bosch GmbH.  In April 2017, Honey International Inc, introduced a new lightweight satellite communication system for cockpit safety in order to provide facilities to aviation sector.

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U.S. Energy Management System Market size to witness gains over 11% upto 2024

The industry analysis report “Energy Management System (EMS) Market Size By Component (Metering And Field Equipment, Hardware, Software, Networking Device, Control Systems, Sensors), By Service (IEMS, BEMS, HEMS), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, China, Japan, South Korea, India, Indonesia, Saudi Arabia, Qatar, UAE, South Africa, Brazil, Argentina), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” by by Global Market Insights, Inc. says Energy Management System Market size is poised to cross USD 38 billion by 2024, escalated by growing Electricity demand.

Climatic changes worldwide are acting as a major growth accelerant for the global energy management system(EMS) market. To curb the catastrophic environmental impacts, a noticeable twin strategy is being pursued worldwide, relying more on renewable energy sources and using energy more efficiently. Government backed favorable acts implemented across emerging lands to encourage energy conservation is further propelling the industry demand. For instance, European union has introduced EPBD 2002/91/EC (Energy Performance of Buildings) directive that mainly focuses on enhancing energy efficiency of buildings.

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The implementation of these energy management systems, have resulted in a significant reduction in greenhouse gas emissions and energy cost, thereby leading to a strategic use of dwindling energy resources. The three most prominent energy consumption sectors that drive energy management system market include industrial, residential, and construction sector. Driven by the surge in energy consumption in the domestic sector, HEMS (home energy management system) market is anticipated to grow lucratively in the coming time frame at a tremendous CAGR of 16% over 2016-2024. In 2015, U.S.  government introduced the REEVA Act (REEVA), with a prime objective to limit energy depletion in the residential sector to optimize energy utilization.

Energy management system industry from buildings accounted for one-fourth of the revenue share in 2015 and is set to be one of the promising area thriving the application landscape in the years ahead. Increasing adoption of IoT for monitoring the energy consumption as well as introduction of smart meters to optimize the real-time data, will leave a positive impact on the market outlook. Industrial energy management system market is also expected to contribute substantially in terms of revenue toward the overall industry in the coming time frame.

Geographically, China and Japan are the two major revenue pockets of APAC energy management system market. China market is expected to surpass USD 2 billion by 2024. Growing consumer claim for reliable power supply along with rapid industrialization across these regions will be driving forces behind the regional growth of the industry. Japan EMS market having held 20% of the regional market, will also hold a considerable share over the coming seven years. U.S. energy management system industry will grow substantially at an annual growth rate of 11%, owing to the increasing number of government measures in U.S. for energy conservation and efficiency.

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Improving the energy performance will prove to be pivotal for security of electricity, competitiveness, and for addressing the environmental challenges that the world is continuously facing today. Some of the prominent industry players in energy management system market include ABB, Schneider Electric, CA Technology, Eaton Corporation, and Honeywell International.

Table of Contents

Chapter 1    Methodology & Scope

1.1    Research Methodology
1.1.1    Initial data exploration
1.1.2    Statistical model and forecast
1.1.3    Industry insights and validation
1.1.4    Research scope and assumptions
1.2    List of Data Sources
1.2.1.    Primary
1.2.2.    Secondary

Chapter 2    Executive Summary

2.1    Energy management system industry 3600 synopsis, 2013 - 2024
2.1.1    Current business environment
2.1.2    Service trends
2.1.3    Component trends
2.1.4    Regional trends

Chapter 3    Energy management system Industry Insights

3.1    Industry segmentation
3.2    Industry size, forecast and growth prospects and growth prospects, 2013 – 2024
3.3    Energy management system industry ecosystem analysis
3.3.1    Vendor matrix
3.4    Innovation & sustainability
3.5    Regulatory framework
3.5.1    U.S.
3.5.2    Europe
3.5.3    China
3.5.4    Brazil
3.6    Energy management system industry dynamics
3.6.1    Growth drivers
3.6.1.1   Stringent government norms
3.6.1.2   Increasing infrastructure spending
3.6.1.3   Growing Electricity demand
3.6.2    Industry pitfalls & challenges
3.6.2.1   High initial investment
3.7    Key growth opportunities
3.8    Porter’s analysis
3.9    Competitive landscape, 2015
3.9.1    Strategy dashboard
3.10  PESTEL analysis

Browse key industry insights spread across 110 pages with 169 market data tables & 10 figures & charts from the report Energy Management System (EMS) Market in detail along with the table of contents:


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Wednesday 26 April 2017

Internet Of Things Market Forecasts And Market Estimates, 2024

The research report “Internet of Things Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024”, Global Internet of Things Market size will witness a significant growth, owing to increasing applications of cloud computing and big data in IT structure by organizations in the forecast period.

Rising demand of the apps and solutions will propel the growth for internet of things market in forecast time frame. Industry focus on innovative technologies providing real time data to improve performance and optimize operations are anticipated to increase substantially which will add to internet of things market size. Increasing demand for sensor based information and analytically rich data sets are most key factor responsible for driving product growth in forecast period.

Rising demand for software solutions, platforms, services and application domains will add to internet of things market in forecast time frame. Predictive analytical tools to manage the data generated from machines and evaluation of the results to improve the decision making are the major driving factors for internet of things market growth.

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Increasing adoption of IOT technologies including RFID, NFC, sensors, gateways and cloud services in manufacturing, transportation, automotive, and logistics are expected to see highest adoption levels in forecast period. Rapid development of networking and digitization will lead to surge in internet of things market size.

Asia Pacific lead by China and Japan is anticipated to witness significant growth for internet of things market in forecast period owing to increasing spending in network infrastructure by organizations to enhance their productivity. Rising manufacturing sector in the region will further support the IOT growth. Manufacturing sector is one of the largest end user of IOT technologies. Increasing demand to track and manage inventories will supplement the rising internet of things market size. Fleet management in transportation sector will propel the demand for IOT technologies. In emerging countries mainly India, government initiative to develop strong IOT infrastructure will propel the internet of things market size.

U.S. is projected to provide various growth opportunities for the product owing to surge in advanced robotics and cloud technology over forecast period. The region will lead to surge in IOT technologies due to advancement in machine to machine communication. At the same time, surge in demand for security and surveillance applications in government inventory will propel the product demand in forecast period. Strong presence of large number of service providers in the region will boost the IOT market size.

Europe will continue to witness substantial growth owing to several government initiatives to promote IOT technologies in the region. European commission launched Alliance for Internet of Things Innovation to support the creation of an innovative industry and implementing new business models. Government intends to work closely with all technology providers towards the establishment of a competitive IOT structure. The recently proposed "European data economy" initiative will also add to internet of things market size in forecast period.

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Some of the key companies are Alcatel-Lucent, Cisco, AT&T, Qualcomm. Other prominent players are Amazon Web Services (AWS), Apple, ARM Holdings, Digi International, Atmel, Atos, Bosch Software Innovations, Broadcom, CTS, Dell, Echelon, Ericsson, Accenture, Freescale Google, Semiconductor, GE, Hitachi, HP, IBM, Huawei Technologies and Infosys. Established IOT players are competing to gain a major share and increase their customer base. Organizations worldwide are investing heavily to develop innovative IOT technologies to gain competitive advantage.

IOT industry is highly fragmented owing to presence of many large and small players. Network and services providers are adopting mergers and acquisition strategies to expand their global presence and increase their customer reach. For instance, Qualcomm acquired NXP to increase its semiconductor product portfolio in automotive industry. Internet of things market is also anticipated to witness the entrance of new players over forecast period, which will further increase the level of competition.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Augmented Reality Market share to reach $165bn by 2024

The research report Augmented Reality Market Size By Component (Hardware, Software), By Display Device (Smart Glass, Head-Mounted Display, Head-Up Display), By Application (Medical, Automotive, Aerospace & Defense, Gaming, Retail, Industrial), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China, Japan, India, South Korea, Taiwan, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024”, by Global Market Insights, Inc. says Augmented Reality Market size likely to grow at 80.8% CAGR from 2016 to 2024; impelled by rising demand in medical and automotive industry.

Increasing penetration of consumer electronic products embedded with AR components in various industries will augment global augmented reality market. Augmented reality makes use of an existing real-time environment and integrates it with digital information to form a composite visual image that deems itself as engaging to the user. This technology is being deployed across myriad sectors to provide enhanced customer experience and expand the global consumer pool.

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Smart glass augmented reality market will observe y-o-y growth of 95% over 2016-2024. This exceptional growth can be credited to increasing consumer expectations of innovatively ushering in a digital world with a physical one. Additionally, high enterprise demand for advanced glasses to manufacture high quality industrial products will also augment the industry growth. Head-mounted displays and head-up display are the other two display device segmentations of segmented reality market.

High demand for safety control in vehicles will fuel augmented reality industry in automotive applications, which is all set to grow at a CAGR of 8-% over 2016-2024. The convenience of choosing car models without a visit to the showroom and an enhanced customer experience will further propel this market. Rising demand to efficiently handle machinery will impel augmented reality industry in industrial applications, which accounted for more than 25% of the overall revenue share in 2015.

Notable participants in augmented reality market include Infinity Augmented Reality, Apple, Wikitude, Sony, Daqri LLC, Magic Leap, Google, Blippar, Total Immersion, Google, ODG, and Microsoft. Industry players often liaison with third party mediators to enhance their existing technologies and innovate novel technologies as per consumer preferences.

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Here is a regional and component-wise bifurcation of this market:

·       Increased usage of smartphones and tablets will fuel software augmented reality industry over 2016-2024. Surging demand for mobile AR apps across the gaming and entertainment sectors will also act as a huge growth factor.

·    Escalating requirement for advanced processors, displays, and sensors and the rising adoption of smart glasses will stimulate hardware augmented reality market size, which is forecast to grow at a CAGR of more than 90% over 2016-2024.

·     U.S. augmented reality industry share is expected to cross USD 24 million by 2014, driven by the growing adoption of AR-embedded devices across the industrial, retail, real-estate, and automotive applications.

·         Lump sum investments by leading players coupled with the growing penetration of smart products across various industry verticals will propel China augmented reality market. In addition, the massive growth in mobile AR industry will give rise to huge opportunities for business growth in the region. Growth strategies such as mergers & acquisitions implemented by leading AR technology providers will also positively impact APAC augmented reality market.

Rising demand from entrepreneurs across varied sectors for the convergence of the physical and digital worlds will significantly drive augmented reality industry in the years to come. Additional growth factors that will impact this market include the proliferation of technology in various professional domains and substantially high investments by leading participants for product innovation.

Report Content

Chapter 1      Methodology & Scope

1.1       Research Methodology
1.1.1    Initial data exploration
1.1.2    Statistical model and forecast
1.1.3    Industry insights and validation
1.1.4    Research scope and assumptions
1.2       Data Sources
1.2.1    Primary sources
1.2.2    Secondary sources

Chapter 2      Executive Summary

2.1       AR industry 3600 synopsis, 2014 - 2024
2.1.1    Business trends
2.1.2    Regional trends
2.1.3    Component trends
2.1.4    Display device trends
2.1.5    Application trends

Chapter 3    Augmented Reality Industry Insights

3.1    Industry segmentation
3.2    Industry Size and forecast, 2014 - 2024
3.3    Industry ecosystem analysis
3.4    Capital Investment
3.5    Notable mergers & acquisitions in the AR market
3.6    Technology & innovation landscape
3.6.1    Augmented Reality Earbuds
3.6.2    Smart Glasses for Blind People
3.6.3    Augmented Reality Helmet
3.7    Regulatory landscape
3.7.1    Digital Millennium Copyright Act (DMCA)
3.7.2    Communications Decency Act (CDA)
3.7.3    Child Online Protection Act (COPA)
3.7.4    Federal Trade Commission (FTC)
3.8    Industry Impact forces
3.8.1    Growth drivers
3.8.1.1    Emerging AR applications across e-commerce and retail
3.8.1.2    Increasing investments in the AR technology
3.8.1.3    Rising demand in medical and automotive industry
3.8.1.4    Increasing adoption of AR enabled smart glasses
3.8.2    Industry pitfalls & challenges
3.8.2.1    Privacy concerns pertaining to the AR technology
3.8.2.1    Financial constraints and complexity
3.9    Growth potential analysis
3.10    Company landscape, 2015
3.10.1    Strategy dashboard
3.11    Porter’s analysis
3.12    PESTEL analysis

Browse key industry insights spread across 152 pages with 109 market data tables & 80 figures & charts from the report Augmented Reality Market in detail along with the table of contents:


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Tuesday 25 April 2017

Commercial Aviation Crew Management Systems Market Analysis By Product And Application Till 2024

The research report “Commercial Aviation Crew Management Systems Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024”, Global Commercial Aviation Crew Management Systems Market size includes automated functions such as crew planning, rostering, training, servicing and pairing.

The commercial aviation crew management systems market can be classified based on fleet size and services provided. The module can be customized as per the fleet size of the airline. The facilities required and parameters to be monitored can be customized. The cost and requirements for large fleets differ from those of small fleets. The services included are planning, assignment, tracking, check-in and records.

Development of mobile apps will ease the operation and use of these systems. This reduced complexity will increase the adoption rate of the commercial aviation crew management systems market thereby increasing demand globally. For instance, Blue One Management developed Mobile Crew, a web based interface that can be accessed from anywhere. It provides features such as calendar planning, real time roaster changes notifications and various other duty details.

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Increasing growth in air traffic, increasing need of improving operational efficiency to reduce cost and growing commercial aviation market globally are driving the commercial aviation crew management systems market.

The software uses advance programming to offer increased crew utilization. It also enables the user to monitor parameters such as rostering, tracking, fatigue management and standby requirements. Controlling these parameters saves considerable amount of expenses and thus results in increasing operational efficiency. The commercial aviation market will be driven by factors such as increasing number of air passengers, development of eco-friendly & fuel efficient aircraft, economic development and improvement in commercial aviation network.

Need for efficient crew time management system has increased the investment in software. Huge number of human resources working in the aviation industry account for major share of expenditure. Therefore, a small improvement in productivity leads to considerable increase in profit. For the increasing airline industry, managing the huge air crew is becoming challenging and complex. To address this issue, airline companies are increasingly adopting IT solutions and investing in more automated software. The automatic operation of these systems provides optimization of resources and reduced operational cost on a regular basis.

In April 2016, Singapore Airlines announced installation of Sabre’s crew management solution package in its fleet management to provide efficient scheduling, training and other management operations. Increasing investment and growing demand from various airline service providers and governments will drive commercial aviation crew management systems market size.

Increasing operational cost and relatively slow economic growth are restraining the growth. Lack of quality workforce and lack of management for implementing the proper crew management system software further restrict the industry gains.

Challenges before the airline companies are to adopt the technological changes and upgrade the traditional system to accommodate the modern crew management software. Stringent government regulations regarding aviation and increasing R&D activities provides future opportunities for the market growth. The information technology developments are rapidly replacing manual operations all over the globe. The automated services enable the companies to properly use the resources available thereby reducing losses due to human error and fatigue. These advantages increase the adoptability of the software solutions in various industries including aviation.

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U.S. commercial aviation crew management systems market share dominated the global revenue and is expected to dominate during the forecast timeline. Increased IT budgets of the airline companies to include more efficient management systems in this region is helping the companies to manage operational efficiency and cost.

Europe commercial aviation crew management systems market share is the second largest region owing to the presence of many airline companies. Also, the growing air traffic and technological advancements in the region will assist in acquiring the second largest market share during the forecast period. APAC commercial aviation crew management systems market size is driven by steady economic growth, increasing establishment of low cost carriers, increase in passenger and business travel, increasing per capita income.
Latin America and Middle East & Africa will experience a surge in demand owing to various modernization initiatives and increasing low cost carrier capacities in this region. The increase in demand will offer growth prospects for manufacturers.

Players in the commercial aviation crew management systems market include Fujitsu, Blue One Management, Sabre, Hexaware, Jeppesen, AIMS, Aviolinx software, PDC Aviation, IBS Software, Lufthansa, Advanced Optimization Systems, Maureva Ltd, Optima, Kronos, etc.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc.
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