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Terahertz Technologies Market – Growth, Trends and Forecast (2019 – 2024)
| Information & Communications Technology | Published by: Mordor Intelligence | Market: Global |
| 100 pages | Published: 07-06-2019 |
- Information & Communications Technology
- Mordor Intelligence
- Global
- 100 pages
- Published: 07-06-2019
Market Overview
The Terahertz technology Market was valued at USD 170.67 million in 2018 and is expected to register a CAGR of over 30.47% during the forecast period 2019 – 2024. The growing number of applications of the technology in security applications has been the primary driving force for the growth of the market in the recent past. There has been a significant rise in the number of manufacturing companies in developing countries, creating a huge demand for precise security systems, thus driving the growth of terahertz technology in the market.
The cost complications associated with the installation of the technology in the different applications has been another major factor influencing the decision-making process of the end-users. Disruptive technologies in some sectors can face the barriers of customer skepticism and resistance from incumbents already selling into these areas.
Scope of the Report
The abbreviated form of terahertz is THz and is the unit of electromagnetic wave frequency and it is equal to 1 trillion hertz. It acts as an indicator of the frequency of infrared, ultraviolet and visible radiation. Wireless technology and computers do not commonly use terahertz. This technology of terahertz is primarily used by the astronomers and physicists. The commonly used units are kilohertz, megahertz, etc. The advantages of the terahertz light are that they are non-invasive, intrinsically safe and non-ionizing and are non-destructive
Key Market Trends
Defense & Security is expected to register a Significant Growth
Companies are now collaborating with the end user industry to develop sophisticated devices to detect threats. With the ability to detect different types of materials, including non-metallic substances, is aiding the security sector handle threats. Handheld scanners are being deployed in Airports and other public spaces for security screening and the technology is also being deployed for package scanning in Airports. Growing terrorist threats around the world and increasing criminal activities are driving investments in many countries to establish security infrastructure. This is expected to aid the growth of terahertz technology in the coming years.
With increasing innovations and better imaging capabilities, security organizations are investing in upgraded devices for better performance. Increasing utilization of plastic and new chemical & biological weapons by criminals is creating the need to use terahertz devices. Also, increased safety provided by the technology gives it a considerable advantage over existing X-ray scanners and detectors. The cost of the technology is expected to decrease in the forecast period with high demand from the market. Thus, the adoption is expected to further grow from emerging nations looking to upgrade security. Overall, the technology is expected to see a huge demand in the coming years, in turn, driving the market’s growth.
Geographic Trends
North America, being the largest markets, for technology-based solutions, is expected to be a strong player in the global economy especially in the development and implementation of new technologies. Terahertz being a new technology and North America is one of the earliest adopters, the market for this technology is the largest in the region. Increase in the production of helicopters and commercial aircrafts in the United States is also expected to drive the market for terahertz technology in this region. The huge aerospace industry of the United States exports more than 60% of all aerospace production.
Competitive Landscape
The Terahertz technology Market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. The companies operating in the market are also acquiring start-ups working on Terahertz technologies to strengthen their product capabilities.
For instance, in March 2017, Luna Innovations Incorporated announced its Picometrix division, which entered into a Vendor Managed Inventory Agreement with the Chinese leading telecommunications equipment and network solutions provider. The agreement integrated Picometrix closely into the customer’s supply chain and manufacturing processes. Under the agreement, Picometrix is expected to maintain a dedicated inventory of 100G integrated coherent receivers and other future approved products, which its customer can draw into manufacturing on a “just-in-time†basis, in Hong Kong.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
Table of Contents
1. Introduction
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increased Demand in Medical Sector, and Non-Destructive Testing Applications
4.3.2 Holistic Approach to Security through the Usage of Terahertz Technology
4.4 Market Restraints
4.4.1 Lack of Awareness of the Technology in the Market
4.4.2 Lacking the Device Infrastructure to Support the Adoption of Terahertz Technology
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness Porters Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5. Market Segmentation
5.1 Geography
5.1.1 North America
5.1.2 Europe
5.1.3 Asia Pacific
5.1.4 South America
5.1.5 Middle East and Africa
5.2 Type of Technology
5.2.1 Terahertz Imaging Systems
5.2.1.1 Active System
5.2.1.2 Passive System
5.2.2 Terahertz Spectroscopy Systems
5.2.2.1 Time Domain
5.2.2.2 Frequency Domain
5.2.3 Communications Systems
5.3 End Users
5.3.1 Healthcare
5.3.2 Defense and Security
5.3.3 Telecommunications
5.3.4 Industrial
5.3.5 Food & Agriculture
5.3.6 Laboratories
5.3.7 Others
6. Competitive Landscape
6.1 Company Profiles
6.1.1 Luna Innovations
6.1.2 Digital Barriers PLC
6.1.3 TeraView Limited
6.1.4 Toptica Photonics AG
6.1.5 HÃœBNER GmbH & Co, KG
6.1.6 Advantest Corporation
6.1.7 Traycer Diagnostics Systems Inc.
6.1.8 Terasense Group Inc.
6.1.9 Microtech Instrument Inc.
6.1.10 Menlo Systems GmbH
6.1.11 Gentec Electro Optics Inc.
6.1.12 Bakman Technologies
7. Market Opportunities And Future Trends
7.1 Investment Analysis
7.2 Future of Terahertz Technologies Market
Market Segmentation
Market Segmentation
Geography
North America
Europe
Asia Pacific
South America
Middle East and Africa
Type of Technology
Terahertz Imaging Systems
Active System
Passive System
Terahertz Spectroscopy Systems
Time Domain
Frequency Domain
Communications Systems
End Users
Healthcare
Defense and Security
Telecommunications
Industrial
Food & Agriculture
Laboratories
Others
United States Marketing Analytics Market – Growth, Trends, Forecast (2019 – 2024)
| Information & Communications Technology | Published by: Mordor Intelligence | Market: United States of America |
| 100 pages | Published: 10-06-2019 |
- Information & Communications Technology
- Mordor Intelligence
- United States of America
- 100 pages
- Published: 10-06-2019
Market Overview
The US marketing analytics market was valued at USD 847.81 million and is anticipated to register a CAGR of 12.9% over the forecast period (2019-2024). The benefits of analytics have become highly obvious for companies, as the competition for the retention of customers has become a necessity for the businesses. Companies these days use multiple channels to keep the customers informed and connected with them. Analytics solution allows them to keep track of the impact of the actions taken. This has resulted in the integration of these solutions with the existing ERP solution, which is beneficial in using the generated and available data.
Increasing need to utilize marketing budgets for an effective ROI is estimated to boost the market over the forecast period.
Furthermore, the adoption of cloud technology and Big Data is also increasing the growth of the US marketing analytics market.
Over the course of 2017, technology giants, like Google, Adobe, Salesforce, and Oracle added more data sources to their ever-growing marketing capabilities. This particular trend is expected to continue, as businesses of all sizes work to lessen the complexity of data collection, cleansing, and usage across their organizations.
Scope of the Report
Marketing analytics software aid a company in tracking the data pertaining to traffic, leads, and sales. Implementation of marketing analytics helps the person of interest to compare between various mediums of operation, such as social media vs. blogging vs. email marketing. These analytics also aid in diagnosing the difficulties faced in a particular channel, and the tactical steps that need to be taken to improve the background.
Key Market Trends
E-mail Marketing Segment to Hold Major Market Share over the Forecast Period
E-mail marketing is one of the primary channels of marketing for most US businesses in their overall marketing strategy. Considering the number of e-mail users, about 233 million in the United States (as of 2017), the marketers find great opportunities to reach out to customers.
E-mail marketing is considered the third-most influential source of information for B2B customers after colleague recommendations and industry thought leaders (or influencers). While large businesses are using email marketing for increasing their brand loyalty, and are usually sales focused, small businesses are focusing on increasing their brand reach across the region.
Furthermore, the marketing analytics software enables businesses to create a customer segment based on different metrics, such as open rates and click-through rates. This is to personalize their marketing approach and also to evaluate their ROI, relative to the other forms of marketing, like display ads and search engine marketing.
According to Constant Contact Inc., a New York-based marketing company, e-mail marketing is the most popular form of marketing among the 1,005 US small business owners they surveyed. Among which, around 42% are using e-mail marketing for new potential customers and drive brand awareness.
Competitive Landscape
The US marketing analytics market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. In July 2017, Teradata announced the acquisition of StackIQ, a prominent developer of cloud analytics software, which has managed the deployment of cloud and analytics software at millions of servers in data centers around the world. The acquisition is expected to strengthen the R&D capabilities of the company. Furthermore, in Jun 2018, Microsoft signed a MoU with New Sales Wales to trial a major data science project based on procurement analytics.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers/Consumers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Introduction to Market Drivers and Restraints
4.5 Market Drivers
4.5.1 Increase in Social Media Channels
4.5.2 Increasing Need to Utilize Marketing Budgets for an Effective ROI
4.5.3 Adoption of Cloud Technology and Big Data
4.6 Market Restraints
4.6.1 High Cost of Implementation and System Integration Issues for Marketing Analytics Software
4.6.2 Availability of Many Free Open Source Software
4.7 Technology Snapshot
5 MARKET SEGMENTATION
5.1 By Deployment
5.1.1 Cloud
5.1.2 On-premise
5.2 By Application
5.2.1 Online Marketing
5.2.2 E-mail Marketing
5.2.3 Content Marketing
5.2.4 Social Media Marketing
5.2.5 Other Applications
5.3 By End User
5.3.1 Retail
5.3.2 BFSI
5.3.3 Education
5.3.4 Healthcare
5.3.5 Manufacturing
5.3.6 Travel and Hospitality
5.3.7 Other End Users
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 IBM Corporation
6.1.2 Microsoft Corporation
6.1.3 Oracle Corporation
6.1.4 Salesforce.Com Inc.
6.1.5 Accenture PLC
6.1.6 Adobe Systems Incorporated
6.1.7 SAS Institute Inc.
6.1.8 Teradata Corporation
6.1.9 Neustar, Inc.
6.1.10 Pegasystems Inc.
6.1.11 Tableau Software
6.1.12 Google LLC
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Deployment
Cloud
On-premise
By Application
Online Marketing
E-mail Marketing
Content Marketing
Social Media Marketing
Other Applications
By End User
Retail
BFSI
Education
Healthcare
Manufacturing
Travel and Hospitality
Other End Users
Gamification Market – Growth, Trends, and Forecast (2019 – 2024)
| Information & Communications Technology | Published by: Mordor Intelligence | Market: Global |
| 100 pages | Published: 10-06-2019 |
- Information & Communications Technology
- Mordor Intelligence
- Global
- 100 pages
- Published: 10-06-2019
Market Overview
The global gamification market was valued at USD 5.5 billion in 2018, and it is estimated to witness a CAGR of 30.31% over the forecast period (2019-2024). The exponential growth in the number of smartphones and mobile devices has directly created a vast base for the gamification market. This growth is also supported by the increasing recognition of gamification systems as a method to architecture human behavior, in order to induce innovation, productivity, or engagement. The use of gamification systems has also extended beyond its traditional scope of marketing. As now, they are extensively used in advance applications, like crowdsourcing.
The growing penetration of smartphones has vastly expanded the opportunities for gamification. Americans are known to check their phones 80 times a day, on an average. The shift of both consumers and employees from desktop to mobile phones/ internet devices offers a lucrative platform for banks to capture consumer interest, with a stronger chance of conversion/ usage.
Furthermore, the integration with social networking platforms has allowed users to share their experiences with friends, acquaintances, and co-workers, thus, increasing the reach and effectiveness of this platform. Another advantage is that mobile apps enable brands to issue surveys, even as short as a single question, allowing them to gather firsthand data from their target audience members and tailor their efforts accordingly.
A study on the utilization of gamification in companies observed that it is usually done in the most generic of ways. They use point systems, leaderboards, and badges onto any process, without creating thoughtful experiences that balance competition and collaboration. This negligence of creating the meaning of this approach is anticipated to result in 80% of the efforts in companies that have employed them.
Another issue with this approach is that it incentivizes winning over other objectives. For training and corporate learning, employees who know how to ace a test, but don’t necessarily know what they’ve been taught, are not wanted. Working in a corporate environment has traditionally been a relationship of exchanging time and effort for money, and this naturally leads to a lack of motivation in the long term, especially for millennials, who want to be engaged in meaningful work.
Thus, there is a growing need to design thoughtful programs, which some companies have failed to consider before taking up this approach. Thus, while gamification has the potential to revolutionize the entire process of recruiting, onboarding, corporate leadership training, and HR compliance, the game design is crucial for achieving the best results.
The Scope of the Report
Humans possess the tendency to influence their own behavior based on their experiences while receiving rewards, playing games, reading novels, etc. Gamification makes use of this human tendency of influencing one’s own thinking process by engaging its users in becoming effective problem-solvers, even in the real world. Gamification has proven its advantages in different activities such as customer experience enrichment, employee engagement, rewards to people, etc.
Key Market Trends
The Retail Segment Holds the Largest Share in the Market
The retail industry is an emerging industry, growing at a significant rate. Retail sales growth has been increasing steadily since 2012, at a healthy pace, as customers seek experiences and products that reflect the personal brand they promote on social media.
While gamification can add entertainment and drama to a retailer’s marketing or engagement strategy, without diverting the core idea of the business, it can also provide positive behaviors from customers and employees, leading to a rich brand experience and higher sales.
Retail gamification is an e-commerce trend that is growing at a tremendous pace. Online retailers will want to continue creating interactive experiences for customers to drive higher sales growth in their stores. Gamification apps have proven to improve leads and sales for several retailers. Gamification can also drive new and recurring customers to a store, while offering insights into how shoppers engage with a brand.
North America is Expected to Have Highest Market Share
North America has a mature market for gamification in the field of marketing. However, systems are also finding varied applications in product development and innovation in the region. The high penetration of internet and smartphone users in the region has also led to the greater usage of gamification for marketing, especially by using social media integration tools. These systems are designed to interact with the consumer base and market the interaction at the same time. This region is projected to witness the highest incorporation of gamification systems in enterprise-level solutions and a shift toward more technologically advanced methods in the case of consumer involvement systems.
Since the beginning of the gamification industry, various companies introduced major gamification projects. These include consumer brands such as Adobe, NBC, Walgreens, eBay, Panera, and Threadless, among others. For B2B companies, such as Oracle, Cisco, and Salesforce, gamification has emerged as a key element in their consumerization of the enterprise strategy.
These organizations are attracted by gamification’s ability to raise engagement and loyalty, measured in time, on-site, repeat visits, and viral distribution by an average of 30%. Apart from engagement, gamification’s revenue effects are also impressive. American multinational software company, Autodesk raised its trial usage by 40% and conversion rates by 15% while Extraco Bank raised its customer acquisitions by 700%.
Moreover, companies such as LivingSocial, have replaced the dreaded annual review with a mobile, gamified solution, with over 90% of employees participating voluntarily. Other organizations, including Target, have improved employee throughput and satisfaction while reducing costs through the direct use of gamification.
North America has a mature market for gamification in the field of marketing. However, systems are also finding varied applications in product development and innovation in the region. The high penetration of internet and smartphone users in the region has also led to the greater usage of gamification for marketing, especially by using social media integration tools. These systems are designed to interact with the consumer base and market the interaction at the same time. This region is projected to witness the highest incorporation of gamification systems in enterprise-level solutions and a shift toward more technologically advanced methods in the case of consumer involvement systems.
Since the beginning of the gamification industry, various companies introduced major gamification projects. These include consumer brands such as Adobe, NBC, Walgreens, eBay, Panera, and Threadless, among others. For B2B companies, such as Oracle, Cisco, and Salesforce, gamification has emerged as a key element in their consumerization of the enterprise strategy.
These organizations are attracted by gamification’s ability to raise engagement and loyalty, measured in time, on-site, repeat visits, and viral distribution by an average of 30%. Apart from engagement, gamification’s revenue effects are also impressive. American multinational software company, Autodesk raised its trial usage by 40% and conversion rates by 15% while Extraco Bank raised its customer acquisitions by 700%.
Moreover, companies such as LivingSocial, have replaced the dreaded annual review with a mobile, gamified solution, with over 90% of employees participating voluntarily. Other organizations, including Target, have improved employee throughput and satisfaction while reducing costs through the direct use of gamification.
Competitive Landscape
The gamification market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players, with a prominent share in the market, are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. For instance, in March 2017, Cognizant announced the acquisition of Brilliant Service Co. Ltd, an intelligent products and solutions company, headquartered in Japan, specializing in digital strategy, product design and engineering, the Internet of Things (IoT), and enterprise mobility
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Mobile-based Gamification Gaining Momentum
4.2.2 Crowdsourcing Seen as a Major Opportunity in Innovation and Development
4.3 Market Restraints
4.3.1 Manufacturing Complications and Lower ROI
4.4 Industry Attractiveness Porter’s Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Deployment
5.1.1 On-premise
5.1.2 On-cloud
5.2 By Size
5.2.1 Small and Medium Enterprises
5.2.2 Large Enterprises
5.3 By Platform
5.3.1 Open Platform
5.3.2 Closed/ Enterprise Platform
5.4 By End-user Vertical
5.4.1 Retail
5.4.2 Banking
5.4.3 Government
5.4.4 Healthcare
5.4.5 Education and Research
5.4.6 IT and Telecom
5.4.7 Other End-user Verticals
5.5 Geography
5.5.1 North America
5.5.2 Europe
5.5.3 Asia-Pacific
5.5.4 Latin America
5.5.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Cognizant Technology Solution Corp.
6.1.2 MPS Interactive Systems Limited
6.1.3 Microsoft Corporation
6.1.4 Callidus Software Inc.
6.1.5 cut-e GmbH (AON, PLC)
6.1.6 Axonify Inc.
6.1.7 IActionable Inc
6.1.8 Bunchball Inc.
6.1.9 Ambition
6.1.10 G-Cube
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Deployment
On-premise
On-cloud
By Size
Small and Medium Enterprises
Large Enterprises
By Platform
Open Platform
Closed/ Enterprise Platform
By End-user Vertical
Retail
Banking
Government
Healthcare
Education and Research
IT and Telecom
Other End-user Verticals
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Evaporative Cooling Market – Growth, Trends and Forecast (2019 – 2024)
| Information & Communications Technology | Published by: Mordor Intelligence | Market: Global |
| 100 pages | Published: 10-06-2019 |
- Information & Communications Technology
- Mordor Intelligence
- Global
- 100 pages
- Published: 10-06-2019
Market Overview
The global evaporation cooling market was valued at USD 5.78 billion in 2018, and it is expected to register a CAGR of 5.1% during the forecast period (2019-2024). Evaporative cooling was used in residential areas that required comfortable cooling. However, it has expanded its reach to industries and commercial entities, where the scale of operation is much larger than that of residential areas.
The favorable regulations for sustainable energy across the world, and advancements in technologies and their benefits, as compared to traditional cooling techniques, are significantly driving the market studied.
The other major driver for the market is the adoption of evaporative coolers in data centers. The demand for data centers is increasing at a high pace in the country, with the rapid adoption of Big Data, digital content, and e-commerce.
In addition, the industry is now seeking energy-efficient solutions that have the potential to lower the operational costs and reduce carbon emissions from data center operations. According to the Natural Resource Defense Council, the US data centers consumed 42.12% more energy in 2015, than necessary. It is estimated that the consumption may cross 148.12 million KWh by 2022, costing the firms USD 13 million in electricity bills and more than 100 million metric ton of carbon emissions, annually.
Scope of the Report
Evaporative cooling is preferred as an alternative over the traditional cooling technologies, as it makes use of a natural process, namely the reduction of air temperature by evaporating water on it. Although it is an age-old process, it has emerged as a viable alternative to conventional air conditioning systems in areas where extremely low temperatures are not required.
Key Market Trends
Industrial Applications to Hold Major Share
Industrial applications for evaporative coolers comprise of warehouses, factories, manufacturing units, power generation, oil and gas, construction sector, and many more. The industrial sector accounts for the largest market share among all the end-user applications, driven by the large-scale deployment of both direct and evaporative coolers.
Due to the recent changes in the structure of warehouses and manufacturing units toward insulated structures, maintaining desired temperatures during summer has become a major consideration.
The strong economy, with notable port traffic, increased e-commerce activity, and key manufacturing indices resulting in manufacturing growth, are poised to drive the demand for warehouses in the United States.
Asia-Pacific to Hold Major Share
The Asia-Pacific evaporative cooling market is driven by three major countries and Japan, Australia, and India. They have been deploying these cooling systems since the 1990s. The growing data center market, owing to the increased digitization, adoption of cloud services, and penetration of e-commerce in Japan, has been a key indicator of the increasing demand for evaporative cooling in the region. Equinix is a global data center company that opened an International Business Exchange (IBX) data center in Tokyo known as TY5 in 2018. This facility accounted for an investment of USD 70 million, aimed at serving the demand from global and local enterprises, which includes cloud and content providers, as well as financial service firms, who are increasingly banking on data center services in Tokyo. All these factors have been augmenting the data center market in the region, and are expected to be instrumental in driving the adoption of the evaporative cooling in Asia-Pacific over the forecast period.
Competitive Landscape
The Asia-Pacific evaporative cooling market is gaining a competitive edge in the recent and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. In January 2018, Baltimore Aircoil Company introduced the Nexus Modular Hybrid Cooler, one of the first intelligent, plug-and-play, modular, hybrid fluid cooling systems, engineered to simplify system design and optimize water and energy savings. In February 2018, SPX Cooling Technologies Inc. announced the new Marley MD Everest counterflow cooling tower. The Marley MD Everest cooling tower is designed to meet HVAC demands and is suitable for a wide range of applications.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Demand for Cost-effective Cooling Solution
4.4 Market Restraints
4.4.1 Dependency on External Climate
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness- Porter’s Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Industry Policies
5 MARKET SEGMENTATION
5.1 By Type of Cooling
5.1.1 Direct Evaporative Cooling
5.1.2 Indirect Evaporative Cooling
5.1.3 Two-stage Evaporative Cooling
5.2 By Application
5.2.1 Residential Applications
5.2.2 Commercial Applications
5.2.3 Industrial Applications
5.2.4 Confinement Farming
5.2.5 Other Applications
5.3 By Distribution Channel
5.3.1 Big Box Retailers
5.3.2 HVAC Contractors and Distributors
5.3.3 Other Distribution Channels
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Delta Cooling Towers Inc.
6.1.2 Condair Group AG
6.1.3 SPX Cooling Technologies
6.1.4 Baltimore Aircoil Company Inc.
6.1.5 Munters Group AB
6.1.6 Colt Group Limited
6.1.7 Phoenix Manufacturing Inc.
6.1.8 Bonaire Group (Celi Group)
6.1.9 ENEXIO Water Technologies GmbH
6.1.10 CFW Evapcool
6.1.11 Celsius Design Limited
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type of Cooling
Direct Evaporative Cooling
Indirect Evaporative Cooling
Two-stage Evaporative Cooling
By Application
Residential Applications
Commercial Applications
Industrial Applications
Confinement Farming
Other Applications
By Distribution Channel
Big Box Retailers
HVAC Contractors and Distributors
Other Distribution Channels
Geography
North America
Europe
Asia-Pacific
Rest of the World
Security Testing Market – Growth, Trends, and Forecast (2019 – 2024)
| Information & Communications Technology | Published by: Mordor Intelligence | Market: Global |
| 100 pages | Published: 10-06-2019 |
- Information & Communications Technology
- Mordor Intelligence
- Global
- 100 pages
- Published: 10-06-2019
Market Overview
The global security testing market was valued at USD 3.52 billion in 2018, and it is expected to register a CAGR of 27.2% during the forecast period (2019 – 2024).
The increasing adoption of IoT devices and BYOD (Bring Your Own Device) is stimulating the market growth. As IoT-connected devices become an integral part of our daily lives, it is crucial that these devices undergo testing and establish a minimum baseline for security.
With the penetration of mobile devices and ICT, various government and public enterprises are dependent on information infrastructure services. However, this dependency has become a vulnerable factor for numerous business enterprises, due to the rise in cybersecurity threats. Majority of the companies (and countries) realize that cyber threat is one of the most serious economic security challenges they face.
It is becoming increasingly evident that traditional methods, such as anti-malware software, are no longer sufficient to keep sensitive information safe. To address this challenge, various progressive companies are fortifying their sensitive information with the cybersecurity strategy by using security testing tools for better protection. These security testing (ST) tools are used to identify and fix vulnerabilities in the system.
Scope of the Report
Security testing is a type of software testing that intends to uncover vulnerabilities of the system and determine that its data and resources are protected from possible intruders. Security testing of any system is about finding all possible loopholes and weaknesses of the system that may result into a loss of information, revenue, and repute at the hands of the employees or outsiders of the organization.
Key Market Trends
Hybrid Segment to Gain Significant Importance Over the Forecast Period
While many companies are looking for simple security solutions through cloud deployment, the complicated nature of cyber threats is forcing enterprises to look beyond conventional security testing mechanisms to address their security needs. There is a need to incorporate strong security practices in every step of the software development lifecycle, which requires collaboration over the cloud.
On the other hand, the companies are also required to run their security tools, and as a result, hybrid solutions have emerged as the most feasible solution for organizations.
Large enterprises are subject to many compliance and internal regulations, and the security testing teams (both internal and outsourced) are required to use automatic security tools as part of the process of building applications and solutions.
The recent proliferation of SaaS providers in the market has greatly impacted the enterprise architecture of the testing service providers.
North America to Hold Major Share
The North American region is a technology hub. Therefore, the Federal government has made very stringent rules regarding security testing services. Moreover, it is made compulsory for industries, such as BFSI, to adhere to compliance testing. According to ITU, North America features as the most pro-active and committed region, in terms of cybersecurity-based initiatives. The GCI score given to the major countries (United States and 0.91 and Canada and 0.81) further reinforces their commitment toward building a robust cybersecurity framework, coupled with enhanced security testing methodologies. Moreover, the United States is increasingly focusing on cybersecurity at both the national and state level, notably for financial services firms. In addition, the region is home to prominent cloud service providers, such as Microsoft and Amazon, which is expected to play a significant role in the growth of cloud-based security testing.
Competitive Landscape
The security testing market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic innovations and collaborative initiatives to increase their market share and increase their profitability. In February 2018, Accenture launched a new Artificial Intelligence Testing Service, which is powered by the unique “Teach and Test†methodology that is designed to help the companies to build, monitor, and measure reliable the AI systems within their infrastructure or on the cloud. In September 2018, Offensive Security received a growth investment from Spectrum Equity, with participation from TenEleven Ventures. The company is expected to use the investment to expand and evolve its industry-defining security training and certifications, virtual lab offerings, and to support the Kali Linux open source project and community.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Security Threats
4.3.2 Government Regulations Driving Security Needs
4.4 Market Restraints
4.4.1 Lack of Awareness About Security Testing
4.5 Industry Attractiveness- Porter’s Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Technology Snapshot
5 MARKET SEGMENTATION
5.1 By Deployment
5.1.1 On Premise
5.1.2 Cloud
5.1.3 Hybrid
5.2 By Type
5.2.1 Network Security Testing
5.2.2 Application Security Testing
5.3 By Service Type
5.3.1 Firewall Testing
5.3.2 VPN Testing
5.3.3 Other Service Types
5.4 By Application
5.4.1 Mobile Application Security Testing
5.4.2 Web Application Security Testing
5.4.3 Cloud Application Security Testing
5.4.4 Enterprise Application Security Testing
5.5 By Testing Type
5.5.1 Static Application Security Testing (SAST)
5.5.2 Dynamic Application Security Testing (DAST)
5.5.3 Interactive Application Security Testing (IAST)
5.5.4 Runtime Application Self Protection (RASP)
5.6 By Testing Tool
5.6.1 Web Application Testing Tool
5.6.2 Code Review Tool
5.6.3 Penetration Testing Tool
5.6.4 Software Testing Tool
5.6.5 Other Testing Tools
5.7 By End-user Industry
5.7.1 Government
5.7.2 BFSI
5.7.3 Healthcare
5.7.4 Manufacturing
5.7.5 IT and Telecom
5.7.6 Retail
5.7.7 Other End-user Industries
5.8 Geography
5.8.1 North America
5.8.2 Europe
5.8.3 Asia-Pacific
5.8.4 Latin America
5.8.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Core Security Technologies Inc
6.1.2 iViZ Security Inc.
6.1.3 Offensive Security LLC
6.1.4 Applause App Quality Inc
6.1.5 Accenture PLC
6.1.6 Cisco Systems Inc.
6.1.7 Hewlett Packard Enterprise
6.1.8 IBM Corporation
6.1.9 McAfee
6.1.10 Veracode Inc.
6.1.11 ControlCase LLC
6.1.12 Paladion Networks Pvt Ltd
6.1.13 Maveric Systems Ltd
6.1.14 Checkmarx Ltd
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Deployment
On Premise
Cloud
Hybrid
By Type
Network Security Testing
Application Security Testing
By Service Type
Firewall Testing
VPN Testing
Other Service Types
By Application
Mobile Application Security Testing
Web Application Security Testing
Cloud Application Security Testing
Enterprise Application Security Testing
By Testing Type
Static Application Security Testing (SAST)
Dynamic Application Security Testing (DAST)
Interactive Application Security Testing (IAST)
Runtime Application Self Protection (RASP)
By Testing Tool
Web Application Testing Tool
Code Review Tool
Penetration Testing Tool
Software Testing Tool
Other Testing Tools
By End-user Industry
Government
BFSI
Healthcare
Manufacturing
IT and Telecom
Retail
Other End-user Industries
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Connected Medical Device Market – Growth, Trends, and Forecast (2019 – 2024)
| Information & Communications Technology | Published by: Mordor Intelligence | Market: Global |
| 100 pages | Published: 10-06-2019 |
- Information & Communications Technology
- Mordor Intelligence
- Global
- 100 pages
- Published: 10-06-2019
Market Overview
The connected medical devices market was valued at USD 18.90 billion in 2018, and it is expected to reach USD 63 billion by 2024, at a CAGR of 22.26% over the forecast period (2019-2024). The healthcare industry has witnessed significant transformation over the last few years, aided by the emergence of new technological advancements, such as IoT and Big Data analytics.
Internet-connected devices, ranging from hospital imaging equipment to implantable pacemakers and infusion pumps, help healthcare providers and patients in a variety of tasks, such as monitoring vitals, improving diagnostics, regulating dosages, and more. According to Synopsys, a computer integrated systems design company, US hospitals have an average of 10-15 connected medical devices per bed.
A critical factor for companies looking to bring connected devices to the market is the wireless device certification process. In North America, this is separate from the FDA testing, and is required for all wireless devices.
Increasing expenditure on treating chronic diseases and the need to monitor and curb them have led to significant innovations in the connected devices market, which have enabled individuals to track and keep a check on these chronic diseases.
Scope of the Report
The Internet of Medical Things (IoMT) allows medical devices to be connected to the cloud and to applications. Connected medical devices can also provide portable diagnostic devices that can be used for in-home collection and diagnosis. Connectivity can directly benefit both patients and healthcare service companies.
Key Market Trends
Increasing Adoption of Wearable Devices
The adoption of wearable devices in the healthcare segment has been gaining traction in recent times. This, in turn, has been one of the significant factors influencing the connected medical devices market.
The worldwide wrist wearable shipment in 2015 was estimated at more than 40 million units, which is expected to cross 100 million units by the end of 2018, with the healthcare sector accounting for a significant portion of the demand. The wearable devices that accounted for the second-highest number of shipments were the modular wearables.
The healthcare wearable devices comprise more than fitness bands. Smart watches, smart glasses, smart footwear, smart apparel, posture monitors, movement sensors, wrist devices, heart straps, headbands, wearable patches, pain management devices, and medicine delivery pods are some of the myriad devices that make up the vast and growing healthcare wearables market.
This growth in the global smart wearable devices unit shipments is dominated by healthcare and fitness applications. Thus, due to the rise in the usage of wearable devices in the healthcare sector and improved connectivity solutions, the market for wearable connected devices for healthcare applications is expected to grow.
North America Holds Highest Market Share
The US connected medical devices market is defined by the presence of established medical device manufactures, an advanced healthcare ecosystem, and significant healthcare expenditure. According to Synopsys, US hospitals have an average of 10and 15 connected medical devices per bed.
The sale of blood pressure monitoring equipment in the region is expected to cross USD 1.92 billion in 2018, which would be a 370% increase from that in 2013. This makes blood pressure monitoring the most lucrative segment in the US connected medical devices market, which is the major contributor in the region.
The region has witnessed a considerable rise in the use of connected medical devices. The size of the US medical devices industry was estimated at about USD 148 billion in 2015, and is expected to cross USD 175 billion by 2020, which clearly indicates the immense potential offered by the region for connected medical devices.
The country’s healthcare industry has shown keen focus on the protection of patient health information through the HIPAA Act of 1996 and the subsequent HITECH Act of 2009, while also favoring the IoT aligned to federal standards for the manufacturing, deployment, and support of the connected devices for patient care.
Competitive Landscape
The connected medical devices market is highly fragmented. Some of the key players in the market include GE, Abbot, and Philips. Some key recent developments in this market are as follows:
Medtronic, plc., along with Nutrino, announced that the companies have entered into a definitive agreement, under which Medtronic will acquire Nutrino. The companies recognized this as an opportunity to enhance clinical outcomes for people with diabetes by integrating Nutrino’s extensive food analysis infrastructure, nutrition science expertise, and artificial intelligence (AI)-driven personalized insights with Medtronic’s technology and future innovations.
PHILIPS NV announced that it has expanded its General Care Solution, which comprises patient monitors, wearable biosensors, and clinical decision support algorithms, with the new Philips IntelliVue GuardianSoftware mobile client application.
Boston Scientific acquired Securus Medical Group, Inc., a privately-held company that has developed a thermal monitoring system for the continuous measurement of esophageal temperature. The acquisition of Securus further broadens its electrophysiology portfolio and fuels its mission to provide physicians with meaningful innovations that advances patient care.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Adoption Of Connected Devices In Healthcare
4.3.2 Consistent Developments In Artificial Intelligence
4.4 Market Restraints
4.4.1 Performance and Certification Challenges
4.4.2 Inefficient Internet Connectivity in Emerging Economies
4.5 Value Chain Analysis
4.6 Industry Attractiveness Porter’s Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Application
5.1.1 Consumer Monitoring
5.1.2 Wearable Device
5.1.3 Internally Embedded Device
5.1.4 Stationary Device
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 United Kingdom
5.2.2.3 France
5.2.2.4 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 South Korea
5.2.3.4 Rest of Asia-Pacific
5.2.4 Latin America
5.2.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Medtronic PLC
6.1.2 Koninklijke Philips NV
6.1.3 Boston Scientific Corporation
6.1.4 Abbott Laboratories
6.1.5 GE Healthcare
6.1.6 Garmin Ltd.
6.1.7 Qualcomm Incorporation
6.1.8 Honeywell International Inc.
6.1.9 Stanley Black & Decker, Inc.
6.1.10 NXP Semiconductors NV
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Application
Consumer Monitoring
Wearable Device
Internally Embedded Device
Stationary Device
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Rest of Asia-Pacific
Latin America
Middle East & Africa