IndustryInsights is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Mergers & acquisitions, new product launches, investments, and partnerships & developments are the key policies adopted by market players to ensure their growth in the Industrial Gases for Metals & Metal Fabrication market. The key players are Air Liquide S.A. (France), Messer Group (Germany), Cryotec Anlagenbau Gmbh, Air Products and Chemicals, Inc. (U.S.), Airgas, Inc. (U.S.), Southern Industrial Gas SDN. BHD. (Malaysia), Iwatani Corporation (Japan), nexAir LLC. (U.S.), Taiyo Nippon Sanso Corporation (Japan), Praxair, Inc. (U.S.), MATHESON Tri-Gas Inc, The Linde Group (U.S.), among others.
Industrial gases are supplied in a range of different cylinders depending on the properties of the gas. Some are delivered at high pressures, while others are offered only at low pressures. Thus, the properties of an industrial gas decide the way in which it is supplied to the customer. For example, gases such as nitrogen, oxygen, hydrogen, and argon can be readily compacted into a cylinder at pressures up to 200 bar.
Metal fabrication covers a wide range of activities from general welding to highly specialized laser welding processes. Companies in this industry require a responsive, flexible, single-source partner that supports the full application and equipment spectrum, combining both traditional and new cutting, welding and coating processes. Industrial gases for metals & metal fabrication play an important role in majority of these processes. They are cost effective and are environment friendly. In addition, they are energy efficient and improve productivity.
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Industrial Gases for Metals & Metal Fabrication Market: Drivers and Restraints
Rapid industrialization, increase in production of automotive and heavy machinery industries, and increasing demand in process industries are some of the factors driving the growth of industrial gases for metals & metal fabrication market. However, environmental impact caused due to metals & metal fabrication industries forces governing authorities to apply stringent regulation which may limit the growth of the industrial gases for metals & metal fabrication market. High cost of gases that are used for metal and metal fabrication is also one of factors hampering the global industrial gases for metals & metal fabrication market.
The increasing need for alternative sources of energy is aiding the expansion of gasification plants such as gas to liquid, coal to liquid, and coal to chemical plants. These plants consume substantial amount of oxygen for fabrication. Thus, the expansion of gasification plants is expected to provide several opportunities to industrial gases for metals & metal fabrication market in the near future.
Industrial Gases for Metals & Metal Fabrication Market: Key Segments
The Industrial Gases for Metals & Metal Fabrication Market is segmented on the basis of, type, function, transportation mode, industry vertical, and geographical region. On the basis of type, the industrial gases for metals & metal fabrication market is segmented into nitrogen, oxygen, hydrogen and others. Gases such as argon and nitrogen create an environment that allows parts to be built to meet the exacting standards required for metal parts used in the aerospace and automotive industries. On the basis of function, the global Industrial Gases for Metals and Metal Fabrication Market is segmented into metal fabrication and manufacturing. By transportation Mode, industrial gases for metals & metal fabrication market can be segmented into merchant liquid distribution, tonnage distribution and cylinder & packaged gas distribution.
Cylinder & packaged distribution to dominate the market due to inexpensiveness, easy transportation, stringent safety protocols, and compatibility with all types of industrial gases. In support of industry vertical the global industrial gases for metals & metal fabrication market is subdivided into metal, automotive, aerospace, heavy industries, rail and shipping, defense and others. Rapid industrialization and growing demand in automotive, aerospace & defense industry, and heavy machineries have propelled the growth in this segment. By geographical region the global Industrial Gases for Metals and Metal Fabrication Market is split up into North America, Europe, Asia Pacific, Middle East & Africa and South America. Rapid development in emerging economies such as China and India as well as growth in the metal & manufacturing industry and increase in production in industries such as automotive and heavy machinery will support the growth of the Industrial Gases for Metals and Metal Fabrication Market over the forecast period.Read more..
Robotics Market: Overview
The global robotics market is expected to display double-digit growth in the upcoming years, thanks to the increasing automation across industries. Automation is increasingly becoming the buzzword across labor-intensive industries that are grappling with rising labor costs and lack of skilled workforce issues. This has pushed the adoption of robotic technology to automate operations. Industrial robots, for instance, are deployed in manufacturing and production settings to perform an array of programmed tasks.
As per estimates of a report by Transparency Market Research (TMR), the global robotics market will attract a revenue worth US$147.26 bn by 2025 end rising at a healthy 17.4% CAGR over the forecast period from 2017 to 2025. The market was evaluated at US$35.23 bn in 2016. In terms of volume, the market is expected to reach an amount of 2,731.2 thousand units by 2025.
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Static Robotics Segment to Continue to Witness Significant Demand
The key segments of the worldwide robotics market depending upon type are mobile robotics, exoskeleton, and static robotics. Of them, in 2016, the segment of static robotics led the market in terms of both value and volume. Going ahead, the static robotics segment is anticipated to register the leading growth rate over the forecast period between 2017 and 2025.
The prime applications of robotic products include logistics, personal, military, last mile mobility, agriculture, construction/mining, entertainment, medical, research, and others. The other segment comprises automotive, aerospace, and food processing among others. The logistics segment has emerged as a significant application of robotic products and is anticipated to continue as the leading application segment in the next couple of years.
The leading component segments of the global robotics market considered in this study are sensors, control units, actuators, brake systems, vision systems, and others. In 2016, sensors led the market followed by vision systems. With the increasing demand for enhanced sensing capabilities of robots, sensors are anticipated to display significant growth over the forecast period.
Asia Pacific to Display Robust Growth Rate through 2025
The robotics market is classified on the basis of geography into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Asia Pacific held the leading share in the robotics market in 2016 and is anticipated to rise at a significant rate over the forecast period of 2017 to 2025. This is mainly because of incessant innovation and development in the field of robotics leading to its widespread application across industries. The Asia Pacific robotics market is also anticipated to gain from the advent of nano-technology in robotics in the future. Moreover, the introduction of collaborative robots that have substantially upped productivity in manufacturing, material handling, medical, and automotive sectors with less human labor will benefit the growth of this regional market over the forthcoming years.
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North America is estimated to display a relatively higher-paced growth in the upcoming years. The region being home to a large number of robot manufacturers, along with contracts from government agencies and defense forces, is leading to consistent innovation and development in robotics technologies, which is aiding the growth of North America robotics market. Further, the increasing uptake of service robots among consumers to reduce workload is also expected to benefit the North America robotics market in the next few years.
The report profiles leading players in the global robotics market, namely Fanuc Corporation, Clearpath Robotics Inc., Barrett Technology LLC, John Deere, Kuka AG, Honda Motor Co. Ltd., Boeing, Bossa Nova Robotics, Seegrid Corporation, Aetheon Inc., Google Inc., Swisslog, Northrop Grumman Corporation, iRobot Corporation, Lowe’s, Omron Adept Technologies, Amazon, Fetch Robotics Inc., and Savioke, Locus Robotics.Read more..
Enterprise VSAT Market: Overview
Very small aperture terminal (VSAT) is a communication system that is operated through the satellite. It serves businesses and domestic users. The end-user of a VSAT requires a box that interfaces an outside antenna with the user’s computer with the help of a transceiver. The transceiver sends the received signal to a satellite transponder in the sky. The satellite receives and sends the signal that comes from the earth’s station’s computer which acts as a core for the system. Each end-user is connected with the core station with the help of a satellite connected in the form of a star topology. For the end-users to connect with each other, each transmitted first goes to the hub station, which is then re-transmitted to the receiving end-user’s VSAT via the satellite. VSAT handles video, voice and data signals. With the help of VSAT, companies can have complete control of their communication systems, without depending on other IT companies. Domestic users and businesses also can get higher speed than regular telephone services.
The global enterprise VSAT market has been segmented on the basis of categories, hardware & services, and geographies. On the basis of categories, the market has been segregated into products and services. The services segment accounted for a dominant market share in 2015. This is attributed to clinics and hospitals enabled with satellite broadband services, which help them maintain direct two-way data exchange and communication. In addition, satellite broadband services also help security agencies and intelligence services improve their data analysis systemsthat help them in deciphering the information more accurately.Government agencies as well as maritime and military sectors are major end-users of VSAT as a service. Therehas been continued demand from this segment, which is driving the market. On the basis of hardware & services, the global market for enterprise VSAT has been divided into ARUP VSAT terminals and ASP VSAT terminals.
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A major driverfor the growth of the global market for enterprise VSAT is the provision of practical, cost-effective solutions for individual end-users, who require a self-regulating communications network through which a number of remote sites are connected. In addition, the VSAT network offers satellite-based, value-added services such as voice/fax communication, LAN services, data transmission, and internet access along with public and private network communications. Emerging technologies such as high throughput satellite (HTS) technology is a major restraint to the growth of the global enterprise VSAT market. Service providers are likely to integrate their current operations with these emerging technologies.
Geographically, the global market for enterprise VSAT has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.North America held the dominant share of the global market in 2015.The market in the region is projected to witness steady growth during the forecast period. This is attributed to high adoption of satellite services for various applications such as inspection of historical monuments, vegetation identification, volcano monitoring, and disaster management in case of stormsand hurricanes. The market in Asia Pacific is estimated to witness speedy growth during the forecast period, owing to increase in government initiatives to connect schools and colleges in countries such as India, China, and Australia.
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Major players operating in the global enterprise VSAT market include Gilat Satellite Networks(Petah Tikva, Israel), Hughes Communications (Maryland, the U.S.), SageNet (Oklahoma, the U.S.), ViaSat Inc. (California, the U.S.), VT iDirect (Virginia, the U.S.), Comtech Telecommunications Corp. (New York, the U.S.), Bharti Airtel (New Delhi, India), Embratel (Rio de Janeiro, Brazil), ND SatCom GmbH (Baden-Württemberg, Germany), NewSat (Melbourne, Australia), Newtec (Sint-Niklaas,Belgium), Orion Satellite (Perth, Australia), Polarsat (Quebec, Canada), Primesys Solucoes Empresariais (Sao Paolo, Brazil), Signalhorn (Stuttgart, Germany), SpeedCast (Wanchai, Hong Kong), SkyCasters (Ohio, the U.S.), Tatanet Services (Mumbai, India), Telefónica, S.A (Madrid, Spain), and Telesat Holdings (Ontario, Canada).Read more..
Combine Harvester Machinery Market: Overview
Key players operating in the global combine harvester machinery market include Claas Kgaa Mbh, Mahindra & Mahindra Ltd., Cnh Industrial N.V, Deere & Company, Iseki & Co., Ltd., Kubota Corporation, and J C Bamford Excavators Ltd.
The combine harvester is a multipurpose machine that is utilized to harvest a variety of grain crops efficiently. It is generally characterized as having large tires with deep, open treads, and a flexible suspension.
Promotion and support of increasing mechanization of small-scale farms from central and regional governments is likely to propel the global combine harvester machinery market. Governments of various countries emphasize on providing subsidies to farmers who buy agricultural machinery. This is anticipated to boost the market for combine harvester machinery during the forecast period. Unavailability of farm labor is a major issue related to farmers, currently. This issue can be overcome by usage of combine harvester machinery, which in turn is likely to boost the market. Increase in demand and production of off-road vehicles is projected to boost the combine harvester machinery market during the forecast period. Moreover, a rise in automation in various industries such as agriculture has increased the usage of off-road vehicles in this sector.
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The small size of farms deter the usage of large machinery on it. This is a major factor restraining the combine harvester machinery market. Moreover, high cost and maintenance expenditure are anticipated to significantly restrain the combine harvester machinery market. Regulatory bodies are imposing rigorous norms globally in order to reduce carbon emissions from automobiles. Combine harvester machinery can be modified to reduce carbon emissions from vehicles. This is estimated to drive the combine harvester machinery market.
The combine harvester machinery market can be segmented based on fuel type, product type, engine capacity, application, and geography.
The combine harvester machinery primarily employs two kinds of fuel: petrol and diesel. Based on fuel type, the combine harvester machinery market can be classified into petrol engine and diesel engine. Both kinds of fuel are used in IC (Internal Combustion) engines to generate mechanical energy.
Based on product type, the combine harvester machinery market can be segmented into self-propelled and other two segments.
Combine harvester machinery has applications in various functions of agriculture such as reaping and threshing. The time and money required for these function can be reduced by utilizing the combine harvester machinery.
Based on engine capacity, the combine harvester machinery market can be categorized into less than 5L, 5L to 10L, and more than 10L. Capacity is measured by the volume of engine bore, in which the combustion of fuel takes place. Heavy-duty vehicles possess higher capacity engines for improved performance of the vehicle.
Based on geography, the combine harvester machinery market for automotive can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounts for a major share of the global combine harvester machinery market for automotive. The automotive industry in regions such as Europe, North America accounts for a significant share of the economies in these regions. This leads to the considerable adoption of combine harvester machinery, as most vehicles manufactured in these regions are equipped with combine harvester machinery, especially in countries such as India and China. FDI has further encouraged agricultural activities owing to the usage of automation in these countries, thereby creating a need for efficient agricultural machinery such as combine harvesters.Read more..
The global runtime application self-protection market is witnessing a tremendous surge in its size, thanks to the advent of cloud computing and the rising trend of virtualization. Apart from this, the augmenting requirement to secure critical applications and data in enterprises is also supporting the growth of this market substantially. In 2016, the market presented an opportunity worth US$0.25 bn. It is expected to rise exponentially at a CAGR of 32.40% over the period from 2017 to 2025 and reach US$3.13 bn by the end of 2025. The rising implementation of stringent regulatory policies pertaining to the protection of sensitive information is likely to boost the market considerably in the years to come.
Demand for Runtime Application Self-protection Solutions to Remain High
Broadly, the global runtime application self-protection market is evaluated on the basis of the component, deployment, industry vertical, and the geography. Based on the component, the market is classified into solutions and services. Among the two, the solutions segment is leading the global market and is expected to remain doing so over the next few years. In terms of solutions, web applications and mobile applications are the main components used in runtime application self-protections. Among services, professional services and managed services are the most prominent sub-segments.
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By deployment, the market is categorized into cloud and on-premise. Although the on-premise deployment segment has taken the lead, currently, but the emergence of cloud technology is expected to support the demand for cloud deployment of these solutions in the coming years. On the basis of industry verticals, the market is bifurcated into the BFSI, government and defense, IT and telecommunications, energy and utilities, manufacturing, healthcare, and the retail sectors.
North America to Continue Dominance
In terms of the Geography, the worldwide runtime application self-protection market is divided into North America, the Middle East and Africa, South America, Asia Pacific, and Europe. Among these, North America has occupied the leading position and is expected to remain on the top over the next few years. In the recent past, the region has faced several major attacks, including distributed denial-of-service (DDoS) attack and SQL injection, owing to which, the demand for runtime application self-protection solutions has been significantly high here.
Over the coming years, the increasing involvement of technology companies with RASP vendors in order to generate new customers and technology advancements in this domain and further providing full scale security to them is projected to support the growth of the North America runtime application self-protection market. Among other regional markets, Asia Pacific is likely to witness a high-paced growth in the near future, thanks to a large pool of mobile device users, especially residing in China and India, who are the most attack prone users targeted by hackers.
The global market for runtime application self-protection displays a highly competitive business landscape. Some of the leading vendors of runtime application self-protection solutions are Arxan Technologies Inc., Contrast Security Inc., Veracode, Micro Focus International plc, VASCO Data Security International Inc., Signal Sciences, IMMUNIO, Pradeo, Waratek, and Prevoty Inc.Read more..
Power Sunroof Market: Overview
The most iconic style adoptions for cars, among all recent trends, is that of the sunroof. A car sunroof is an opening on the top of a car roof, which allows light or fresh air to enter into the car. Based on the type of car, sunroofs may be manually or automatically operated. They come in different shapes, sizes, and styles and act as an extra accessory and not a standard one. The power sunroof market is a highly dynamic market and is expected to expand at a high growth rate during the forecast period. The development of new and diversified technologies is creating exciting opportunities within the automotive industry.
Demand for vehicles is increasing due to the rise in population, leading to an increase in the production of automobiles. Significant developments in component materials combined with increasing number of factory-installed sunroofs are estimated to positively impact the market demand. The growing production of customized sunroof tracks is major trend gaining traction in the global automotive power sunroof market. Manufacturers are introducing customized parts that are designed and built using special machinery as per the requirements of the customer. Challenges associated with design and manufacturing glass sunroofs are expected to hamper the structural integrity of the vehicle due to change in the center of gravity due to the increased weight on the rooftop.
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The global power sunroof market for automotive can be segmented based on material, type, motor type, vehicle, sales channel, and region. In terms of material, the power sunroof market can be divided into glass and one more segment. The global power sunroofs market was primarily driven by glass sunroofs with the leading market share in the forecasting year and is also expected to hold the major market share in the forecasting year. Glass is a commonly utilized material in the manufacturing of sunroofs. Glass sunroofs are preferred by consumers since they offer better transparency, along with an open and spacious atmosphere. In terms of type, the power sunroof market can be classified into inbuilt, spoiler/tilt & slide, top-mount, panoramic, and solar. Latest innovations in the field of solar sunroofs for electric vehicles and panoramic sunroof segments are estimated to propel the power sunroof market during the forecast period.
In terms of motor type, the power sunroof market can be divided into DC brushed motor, and two other segment. The DC brushless motor segment is estimated to expand significantly during the forecast period due to the high output power, small size, better heat dissipation, higher speed range, and low-noise operation than DC brushed motors. However, DC brushed motors segment are projected to account for significant share of the power sunroof market during the forecast period. Simple usage and low cost are the key factors driving the demand for DC brushed motors.
In terms of vehicle, the power sunroof market can be split into passenger vehicle and commercial vehicle. The passenger vehicle segment can be further sub-segmented into hatchback cars, sedan cars, premium cars, and others. Sedans and hatchback cars have been grouped together in the power sunroof market. This vehicle segment presents significant opportunities for the power sunroof market, as it is a prominent segment in the automotive industry and also because sunroofs are mostly used to lend a stylish appearance to these vehicles. Automakers provide a power sunroof as standard or optional equipment based on which the price of vehicle increases or decreases. Based on sales channel, the power sunroof market can be segmented into OEM and aftermarket. Demand for sunroof systems, in the OEM segment, has increased significantly.
In terms of geography, the power sunroof market can be classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe is estimated to account for a prominent share, in terms of value and volume, of the power sunroof market during the forecast period. The market in Asia Pacific is projected to expand during the forecast period. Developing economies such as China and India are expected to play a major role in the increase in vehicle production in the region. Furthermore, increasing installation of power sunroof in vehicles such as sedan/hatchbacks and SUVs has boosted the demand for power sunroof in Asia Pacific.
Key players operating in the global power sunroof market include Webasto, Inalfa Roof Systems, Inteva, Magna International, Aisin Seiki, Nippon Sheet Glass Co., Ltd, Automotive Sunroof Company, Yachiyo Industry Company Ltd., Preh IMA Automation (PIA) Evansville, and BOS (Germany).Read more..
Cable Tags Market: Overview
The market for automation is increasing at a considerable rate due its adoption in industrial and urban use. Automation uses a large number of components such as relays, switchgear, HVAC systems, human machine interface (HMI) screens and IT systems which are connected through wires or cables. These cables may be small in size ranging from 0.5 sq. mm to 35 sq. mm. Tracking the exact wire connection in an automation system is difficult task for any engineering person. Thus, the use of a cable tag becomes important here. A cable tag is a label indicating the serial number or information on a particular wire regarding to which component it is connected. A cable tag can be pasted or inserted as a ferrule on the cable.
Cable tags comes in various types such as ferrule tags, sleeve-based tag, sleeveless-based tag, tie-based tag, wrap-around label tag and heat shrinkable tag. A ferrule tag is a small plastic bracelet which is inserted at the end of cable. Ferrules are available in the form of numbers and alphabets separately. This enables customer to customize the tag by choosing a ferrule and making tag out of them. Ferrules are also used to label a bunch of cables by simply inserting with the plastic or aluminum tie. A sleeve-based tag is a plastic sleeve tag which can be inserted on cable.
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The consumer can paste the paper label on plastic sleeve tag as per the requirement. A sleeveless tag is a one piece tag which can be mounted on cables via a locking mechanism. Tie-based tag contains a plastic coated paper which has tie on both sides. The tag can be attached on the cable by tightening both ties. A wrap-around label tag is a plastic coated paper label which can be pasted on a wire or cable. The customer uses a printing machine to print on plastic coated paper. A heat shrinkable cable tag is a ribbon which shrinks upon removal of the supporting core and is quickly inserted around the cable. The printing on the ribbon is done by the manufacturer upon request from the customer.
Cable tags should be able to withstand high temperature and harsh weather condition, so that the printing on tag does not fade way. Cable tag companies are now finding innovative ways to resolve this problem. Cable tag companies are printing label on aluminum or stainless steel tag by punching letters on tag. The aluminum or stainless steel tag has long life compared to plastic or paper which is its main advantage. However, plastic ferrules and plastic coated paper wrap-around label tag are most commonly used in market due to its low cost. Cable tags find application in industrial and home automation. Industrial automation covers sectors such as petrochemical & refineries, pharmaceutical industries, automotive, shipbuilding, IT companies and railways.
The Cable Tags Market is characterized by the presence of a significant number of local players. The demand for cable tags is going to increase in regions such as North America and Europe due to growing adoption of automation technologies. Emerging economies such as India and China are also experiencing growth in industrial automation and this is expected to aid the growth in demand for cable tags.
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Cable Tags Market: Key Players
Some of the key cable tag manufacturers are TE Connectivity Ltd, Brady Worldwide Inc, ZipTape Label ID Systems, Legrand Electric Limited, Panduit, 3M Company, Cable Label Co Ltd, HellermannTyton Co. Ltd, Industrial Labelling Solutions and Marking Services Inc.Read more..
Television Advertising Market: Overview
Television has been recognized as one of the effective marketing medium which finds a huge acceptance among people across the globe. Different marketing channels are available for advertisers to promote their product or service. However, advertisers look for a marketing channel which can be used to promote to a large number of people with less cost and in more effective way. Thus, advertisers use television to market their product in order to create awareness about their features among consumers. Television advertising can be categorized as traditional commercial channel, multichannel advertising and online TV advertising.
Most of the companies prefer traditional channel advertising over online and multi-channel advertising due to its wide adoption by people. The demand for television advertising comes primarily from private sector companies which sells consumer based products. Another source of advertising comes from corporate companies, government and non-governmental organizations. Furthermore, the cost of an advertisement is decided by advertisers and broadcasting channels based on duration of the advertisement. The price may vary depending upon the showcasing time and popularity of the broadcasting show among audience. Therefore, advertisers need to assess the popularity of broadcasting channel before showcasing their advertisements. In addition, advertisers have started to emphasize on precise audience targeting by using consumer-centric data before displaying their advertisement on respective broadcasting channels.
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The demand for Television Advertising Market is likely to increase in coming years as more people are opting for multi-channel television services. The television advertising market is mainly driven by growing number of broadcasting channels in television. This will help to reduce cost of showcasing an advertisement as advertisers will have more option to advertise their product. Moreover, the demand for traditional television advertising is going to decrease as people will shift their interest towards digital media, smart phones and tablets. The demand for showcasing advertisement in sports and entertainment channels is expected to gain significant attention from various advertising agencies during the forecast period. However, the large cost required for advertisement production is a major concern in television advertisement market. In addition, the increasing popularity of online television channels worldwide is expected to provide opportunity for advertisers to showcase their ad through these channels.
Global television advertisement market is segmented by services, by time slot, and by geography. By services, television advertisement market is segmented into terrestrial advertisement, multichannel advertisement, and online advertisement. Based on time slot, television advertisement market is classified into 20 seconds, 60 seconds, and more than 60 seconds. On the basis of geography, television advertisement market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Due to more use of consumer goods in developing economies such as India, China and Brazil, there is a growing spending on advertisements for these products. This is expected to drive the growth of television advertisement market in coming years.
Some of the key players in television advertisement include British Broadcasting Corporation, CBS, Comcast Corporation, Viacom Inc., Cox Communication, Gray Television Inc., Sinclair Broadcast Group, Sun TV Network, The Walt Disney Company, Time Warner Cable, Discovery Communications Inc., TV Today Network and Vivendi SA.Read more..
Next generation data storage technology includes technologically advanced data storage products and solutions to deal with increasing file sizes and huge amount of unstructured data. The next generation data storage technology manages large data securely and enables reliable, secure and fast recovery of data in a cost-efficient manner. It has enabled scalable storage and handling of large data generated by big enterprises.
The factors favoring the growth of the next generation storage technologies market include ubiquity of input and output devices in every sector and the ever-increasing need for managing, analyzing and storing huge amount of data. Consequently, the demand for next generation data technologies is expected to increase at a quick rate over the forecast period. This growth is expected to be backed by the growing demand for advanced time saving technologies including automated systems, smart technologies, online shopping, and internet of things etc. which require handling of large data generated by the enterprises.
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There are various challenges restraining the growth of the next generation data storages technologies market. This includes technological complexity, repair and restore issues, lack of security etc. Furthermore, high level of data consistency is required in the data storage. Future growth in the market is projected to come from emerging need for data storage in small and medium enterprises.
The next generation data storage technologies market is segmented on the basis of technology and application. By technology, the market is classified as into all-flash storage arrays, hybrid array, cloud based disaster recovery, holographic data storage and heat assisted magnetic recording. Of these, hybrid array is a form of hierarchical storage management contains solid state drives and hard disk drives for input and output speed improvements. Holographic data storage is the high capacity data storage technology whereas hybrid array and all flash array are standard data storage techniques.
By application, next generation data storage technologies market is divided into the enterprise data storage, big data storage and cloud based storage.
North America is the dominating the next generation data storage technologies market. The Asian Pacific countries including China, Japan and India are expected to grow at a significant rate as compared to other regions. The presence of a large number of IT industries in the Asia Pacific region is one of the key factor driving growth of the next generation data storage technologies market in the region. Asia Pacific countries are speculated to make huge investments in the data storage sector to provide their existing infrastructures with new data storage technologies and solutions to improve the production process. Japan, which is one of the technology advanced nations, is anticipated to be a big market for next generation data storage technologies. The country is already using these data storage technology across its various industry verticals
Some of the key players in the next generation data technology market are Dell Inc., Avago Technologies, EMC Corporation, Hewlett-Packard Development Company, L.P., HGST, Inc., – Hitachi Data Systems, IBM Corporation, NetApp, Inc., Avago Technologies, Drobo, Inc. and Micron Technology Corporation.Read more..