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Global Library Management Software Market Size, Share | Price Analysis Report 2025

Adroit Market Research studied Global Library Management Software Market Size, By Deployment type (Cloud Base and On-premise), By End user (School Library, Public Library, Academic Library and Others) and By Region (North America, Europe, Asia Pacific, Latin America and MEA). The sports software market analysis includes industry trends, opportunities, drivers and restraints. The study also include PORTER’s five forces and SWOT analysis.

The global library management software market is projected to grow at a CAGR of 3.6% by 2025. The rise in demand of automation in library automation is boosting the growth of the global library management software market during the forecast period. Also, the convenience of the all in one library management software which can be accessed through mobiles, tablets and other devices is further fueling the growth of the global library management software market.

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This software is capable of efficient resource management which includes library functions such as books & bills tracking, patron’s records keeping and handling customer database. This has reduced complexity in library management, thus, many academic and educational institutions have adopted the software driving the growth of the global library management software market by 2025.

Cloud-based library software is projected to continue its dominance in the global library management software market. The cloud-based software can be accessed from multiple devices and updating the software with the latest version is comparatively easy. Further, pay-as-you-go model in cloud deployment is pushing public and even government library in developed nations to boost the adoption of software, driving the growth of the global library management software market.

School is projected to be the largest end user in the global library management software market growing at a CAGR of 4% by 2025. Schools are focused on providing quality education to its students by providing them with access to books, journals and white papers and software are helping them ease the process. Further, organized record keeping and data maintenance is the reason major schools are adopting to software driving the growth of the global library software market. The academic library is projected to be the second fastest growing end-users in the global library management software market by 2025.

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North America is anticipated to be the largest valued region by 2025 in the global library management software. Access to the latest cloud-based library management software schools, university and other academic institutions are projected to adopt to the software driving the growth of the region in the global library management software market by the end of the forecast period.

Asia Pacific is projected to grow with the fastest CAGR of 5.1% in the global library management software market as schools, university and other academic institutions in major countries such as India and China are now increasing the use of software as they have now become aware of the benefits the software has to offer. This is driving the growth of the region in the global library management software.

Players that are projected to make an impact in the global library management software are Book Systems, Inc, Capita plc, Innovative Interfaces Inc., CR2 Technologies Limited, Insight Informatics Pty Ltd, Sirsi Corporation, PowerSchool and ProQuest LLC. The players in the global library management software market are focused on launching the latest version of the software to fortify their market position. For instance, Capita plc in 2016, deployed web-based staff interface Soprano, which is an easy to use cloud-based software that delivers staff with real-time access library management software through any internet-enabled device.

Segment Overview of Library Management Market

Deployment Overview, 2015-2025 (USD Million)

  • Cloud Base
  • On-premise

End user Overview, 2015-2025 (USD Million)

  • School Library
  • Public Library
  • Academic Library
  • Others

Regional Overview, 2015-2025 (USD Million)

  • North America
    • S.
    • Canada
  • Europe
    • France
    • Germany
    • Spain
    • Rest of Europe
  • Asia Pacific
    • India
    • Japan
    • China
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • Rest of Middle East and Africa

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About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

 

 

Global Phytosterols Market Size, Share, Analysis & Forecast 2025

Adroit Market Research released a study on, “Global Phytosterols Market Size 2017 by Product (β-sitosterol, Campesterol, Stigmasterol, and Others), by Application (Food Ingredients, Pharmaceuticals, Cosmetics), By Region and Forecast 2018 to 2025”. The report covers the global phytosterols market volume and value for a period ranging from 2015 to 2025. The global phytosterols market analysis covers qualitative aspects including value chain. The global phytosterols market trends including driving and restraining factors have been covered in the study. The global phytosterols market share for various product types and applications have been included in the study.

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The global phytosterols market size is anticipated to reach USD 1.20 billion by 2025. The demand for the ingredient is witnessing tremendous impetus from the mounting concerns regarding the management of cholesterol levels in the human body. Phytosterols are instrumental in maintaining a healthy cholesterol profile as well as support the normal function of the heart. The global phytosterols market analysis projects the health benefits presented by the ingredient is to be the major driver for market growth during the forecast period.

The global phytosterols market size is growing exponentially due to factors such as increased awareness among individuals regarding elevated chances of heart diseases arising out of high cholesterol levels. Phytosterols help to reduce or lower the cholesterol level in the human body. Over the years, the probability of adding phytosterols as ingredients in functional foods has resulted in numerous research studies in order to realize their abilities in reducing blood cholesterol. Therefore, in order to benefit from the cholesterol-lowering effect, numerous food products with added phytosterols or plant sterol esters are made available in the global market.

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The global phytosterols market analysis consists of segmentation done on the basis of most common phytosterols products such as β-sitosterol, campesterol, stigmasterol and others such as campesterol, brassicasterol, and sitostanol, each having their own typical composition. In 2017, this industry was dominated by β-sitosterol which constituted 67.2% of the global phytosterols market share, by revenue. β-sitosterol, being the most abundant phytosterols occurring naturally, is likely to account for 46 kilo tons by 2025. β-sitosterol is the primary phytosterol that is used in health supplements, and the rising consumption of these supplements is thereby expected to propel the growth of this segment during the forecast period.

The global phytosterols market size majorly consisted of revenues generated from Europe. This region is exhibiting tremendous growth prospects for the global phytosterols market on account of the increasing demand for health and dietary supplement. The rising aging population, a growing focus on the prevention of high cholesterol related diseases, and the increasing trend of online self-education are presenting incredible opportunities for health supplements in this region. This is expected to have a direct positive effect on the global phytosterols market size and accelerate the market growth during the forecast period. Europe phytosterols market is expected to generate revenues exceeding USD 500 million by 2025. ADM, Cargill, Raisio, Unilever, Arboris, BASF, and DuPont are some of the leading players operating within the global phytosterols market.

Key segments of the global phytosterols market

Application Overview, 2015-2025 (USD Million) (Tons)

  • Food Ingredients
  • Pharmaceuticals
  • Cosmetics

Product Overview, 2015-2025 (USD Million) (Tons)

  • β-sitosterol
  • Campesterol
  • Stigmasterol
  • Others

Regional Overview, 2015-2025 (USD Million) (Tons)

  • North America
    • US
    • Rest of North America
  • Europe
    • Germany
    • Italy
    • France
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Rest of South America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Enquire more details of the report at: https://www.adroitmarketresearch.com/contacts/enquiry-before-buying/792

About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

 

 

 

Global Mobile Phone Insurance Ecosystem Market Size 2017 by Type, By Region and Forecast 2018 to 2025

Adroit Market Research launched a study titled, “Global Mobile Phone Insurance Ecosystem Market 2018 to 2025”. The global mobile phone insurance ecosystem market size was pegged at USD 16.9 billion in 2017. The study covers the global mobile phone insurance ecosystem market value for a period ranging between 2015 to 2025, where 2015 to 2017 imply the actual annual consumption with forecast between 2018 and 2025. The global mobile phone insurance ecosystem market report also includes qualitative insights of the market such as drivers, restrains, value chain, regulatory framework and trade statistics. The value chain has been analyzed in detail covering key stages.

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This tremendous growth in terms of revenue can be attributed to the increasing number of theft and loss cases owing to high cost of smartphones. The rapidly increasing awareness regarding the protection of smartphones has led to the growth in the mobile phone insurance industry in recent times.

The global mobile phone insurance ecosystem market is witnessing a strong growth owing to rising up gradations and innovations of schemes and policies being carried out by the key players. The mobile phone insurance ecosystem market comprise of some deep-rooted players which are investing huge amounts in order to provide the most improved insurance frameworks to their customers. The mobile phone insurance ecosystem market is fragmented with device OEMs, mobile network operators, third party insurers and retailers. These participants are focusing on increasing their portfolio depending upon the requirements of the customers.

Increased and easy convenience regarding insurance claiming procedures is one of the key trends predominantly affecting the global mobile phone insurance industry. The terms and conditions of the insurance companies are relatively critical which shoves the customers to fail to remember the claiming procedures altogether. Several sellers offer premium amount and set coverage regardless of the smartphone or coverage required.

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On the contrary, various sellers have varying premium amounts for different coverage depending upon the requirements of the customers. On occasions, the premium and coverage amount varies depending upon the smartphone model viz. android based phones or iOS managed phone. This causes uncertainty among the consumers in the procurement of mobile phone insurance. This factor is posing a significant opportunity for the insurance companies to abridge their terms and conditions and provide maximum cover under a single premium amount.

Global Mobile Phone Insurance Ecosystem Market Investment Opportunities, By Region, 2017 & 2025

Global mobile phone insurance ecosystem market is bifurcated based on of different coverage types namely accidental, malicious or liquid damage, electrical or mechanical breakdown, theft or loss and others. The coverage offered by several companies are considerably viable depending upon the customers’ requirements. The theft or loss segment is the most prominent area leading the customers to opt for mobile phone insurance. In addition, technological problems also lead the customers to spend huge amounts in device repairing. Similar is the case with virus infections. Huge number of potential intimidations associated with expensive mobile phones is increasing the inclination of customers towards ensuring their devices. This factor is augmenting the demand for several insurance policies thus driving the global mobile phone insurance ecosystem market. global mobile phone insurance ecosystem market is fragmented with the presence of global and regional players. The primary participants include AT&T Inc., Hong Leong Group, BlackBerry Limited, Advanced Mobile Phone Insurance Ecosystem Technologies ltd., AB Mobile Phone Insurance Ecosystem GmBH, Asurion LLC, Pier Insurance, Brightstar device and Protection LLC among others.

Key segments of the global mobile phone insurance ecosystem market

Type Overview, 2013-2025 (USD billion)

  • Accidental, Malicious or Liquid Damage
  • Electrical or Mechanical Breakdown
  • Theft or Loss
  • Others

Regional Overview, 2013-2025 (USD billion)

  • North America
    • US
    • Canada
    • Europe
  • UK
    • Ireland
    • Spain
    • Italy
    • France
    • Germany
    • Rest of Europe
  • Asia Pacific
    • South Korea
    • Japan
    • India
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Chile
    • Rest of Latin America
  • Middle East & Africa

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About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

 

 

 

Global Fireproof Ceramics Market Size 2017 By Type, By Application, By Region and Forecast 2018 to 2025

Adroit Market Research launched a study titled, “Global Fireproof Ceramics Market Size 2017 By Type (Blanket, Module, Bulk, Board, Paper, and Others), By Application (Aluminium, Ceramics & Glass, Iron & Steel, Petrochemicals, Power Generation, and Others), By Region and Forecast 2018 to 2025”. The report studies the global fireproof ceramics market size and forecasts between 2015 and 2025. The global fireproof ceramics market share for iron & steel, petrochemicals, aluminum, and power generation industries has been included in the report. The global fireproof ceramics market demand for the key regions and countries have been included in the study.

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By 2025, the global fireproof ceramics market size is estimated to reach USD 8.37 billion. Growing usage of ceramic fibers in power plants for insulation, turbines, thermal reactors, boilers, and metal industries is expected to drive the global fireproof ceramics market demand over the projected period. The ability to withstand great pressure, corrosion and heat resistant, low density, and stiffer makes fireproof ceramics an ideal solution for industrial applications.

The growing automotive production and increasing application in building & construction are expected to increase aluminum market consumption over the projected period. In 2017, more than 60 million tons of aluminum were produced all over the world. Increasing sales of the electric vehicle by virtue of lightweight properties are expected to open new opportunities for aluminum manufacturers, which in turns will increase demand for fireproof ceramics over the coming years. High-temperature insulation coupled with a different selection of refractories has increased fireproof ceramic consumption in aluminum processing and production industry.

Over the past few years, fireproof ceramics have gained popularity in the petrochemical industry. Increasing adoption in sulfur recovery units, fired heaters, turbines, and boilers are expected to increase fireproof ceramics market concentration. Moreover, increasing demand for oil & gas downstream products is expected to create a potential opportunity for fireproof ceramic manufacturers to expand production capacity in order to cater to the growing demand.

Read more details of the report at: https://www.adroitmarketresearch.com/industry-reports/fireproof-ceramics-market

Asia Pacific accounted for more than 30% of the global fireproof ceramics market share in 2017. China and India accounted for more than 40% of the global ceramic tile consumption in the same year. Increasing ceramic tile manufacturing in India, China, and Indonesia coupled with growing demand for construction, automotive, marine, and aviation is expected to drive fireproof ceramics market over the projected period.

Middle East & Africa is expected to offer a lucrative opportunity for the fireproof ceramic market. Growing petrochemical industry coupled with increased production of crude steel is expected to add market growth over the coming years. Iran is the biggest steel producer in the Middle East and generated more than 20 million tons of steel in 2017. Moreover, increasing crude steel production in Ghana and South Africa is expected to increase fireproof ceramic market expansion over the coming years.

Morgan Advanced Materials plc, Unifrax, ZIRCAR Ceramics, Skamol Group, IBIDEN, Isolite Insulating Products Co., Ltd., LUYANG ENERGY-SAVING MATERIALS CO., LTD, Rath Incorporated, and NGP Industries Limited are prominent manufacturers operating in the global fireproof ceramics market. Manufacturers operating in this industry are adopting M&A strategies to strengthen their global position and capture the untapped market. For instance, in 2018, Mohawk Industries, an American flooring manufacturer, announced that they are planning to acquire Eliane, a Brazilian ceramic tile manufacturer.

Key segments of the global fireproof ceramics market

Type Overview, 2015-2025 (USD Million)

  • Bulk
  • Blanket
  • Board
  • Paper
  • Module
  • Others

Application Overview, 2015-2025 (USD Million)

  • Iron & Steel
  • Petrochemicals
  • Ceramics & Glass
  • Aluminum
  • Power Generation
  • Others

Regional Overview, 2015-2025 (USD Million)

  • North America

o U.S.

  • Europe

o Germany

o France

  • Asia-Pacific

o China

o India

  • Latin America

o Brazil

  • Middle East & Africa

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About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

 

 

 

Asphalt Pavers Market by Type, Application & Forecast 2019-2025

Global Asphalt Pavers Market: Overview

The latest Adroit Market Research study titled “Global Asphalt Pavers Market Outlook 2018-2025”, is a comprehensive analysis of the industry, reflecting a holistic market performance of major segments.

The global asphalt paver market size is estimated to reach up to USD 2.0 billion by 2025 owing to the demand for technologically advance infrastructure in emerging countries. Few asphalt paver machines are dragged by dump truck arranging the asphalt, most of the machines are self-propelled.

The study covers the global asphalt pavers market value for a period ranging between 2015 to 2025, where 2015 to 2017 imply the actual annual revenue with forecast between 2018 and 2025. The global asphalt pavers market report also includes qualitative insights of the market such as drivers, restrains, value chain, regulatory framework and trade statistics. The value chain of the global asphalt pavers market has been analyzed in detail covering key stages in the channel.

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The global asphalt pavers industry has primarily been driven by demand from the rapidly expanding industrial and infrastructural sectors in the emerging economies globally. The high demand from industrial sector is due to growing expenditure for road maintenance and durability of the construction of roads. This sustained demand is expected to continue during the forecast period between 2018 and 2025 thereby propelling global asphalt pavers market size.

Increasing flow of road traffic over the highways will always be a contributing factor for witnessing a high growth in the asphalt pavers market. The original equipment manufacturers are improving the features provided by the small width pavers by increasing their usability and improving efficiency. The medium sized and large sized asphalt pavers being less cost efficient have multi-fold benefits as it covers large stack of areas and is used mostly on the highway road construction as compared to the small sized asphalt pavers.

Read more details of the report at: https://www.adroitmarketresearch.com/industry-reports/asphalt-pavers-market

Global Asphalt Pavers Market Share, By Application, 2017 (%)

On the basis of application, the highway segment dominated the global asphalt paver market due to increased need for proper pavement of roads with heavy traffic. Followed by the urban roads having comparatively lesser flow of traffic make up for a 31.7% of total share of the market as of 2017. The highway segment conquered the market generating more than 45% of the total global asphalt paver market size. However, emerging countries with new road development initiatives, are expected to make the pavers industry the fastest growing one.

Geographically, North America held the largest market in global asphalt paver market on account of the high demand for infrastructure and road development enhancements in the rapidly emerging economies. The large sized pavers are witnessing a tremendous boom followed by the medium and small sized pavers owing to its increased necessity in the high infrastructural investments and awareness for safety of the roads and its maintenance. Furthermore, rapid industrialization is also expected to propel the market at a considerable rate.

Volvo CE, Caterpillar Inc., Weiler, Zoomlion Company Limited, Dynapac, Bomag GmbH, XCMG Construction Machinery Company Ltd and Sany Heavy Industries Limited., are the leading players present within the global asphalt pavers market.

Key segments of the global asphalt pavers market

Type Overview, 2015-2025 (USD million)

  • Highway
  • Urban Roads
  • Others

Application Overview, 2015-2025 (USD million)

  • Highway
  • Urban Roads
  • Others

Regional Overview, 2015-2025 (USD million)

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Ireland
    • Spain
    • Italy
    • France
    • Germany
    • Rest of Europe
  • Asia Pacific
    • South Korea
    • Japan
    • India
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Chile
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of MEA

Enquire more details of the report at: https://www.adroitmarketresearch.com/researchreport/purchase/731

About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

 

Personal Care Packaging Market by Trends, Sales, Applications & Geography 2025

Adroit Market Research published a study titled, “Global Personal Care Packaging Market Size 2017, by Product (Flexible, Rigid plastics, Paper, Metal and Glass), by Application (Skin care, Hair care, Bath & Shower, Fragrances and others), by Packaging type (Bottles, Cans, Cartons, Jars, Tubes, Pouches and others) and by Region and Forecast 2018 to 2025”.

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The report consists of global personal care packaging market trends such as such as drivers, restraints and opportunities. Porter’s Five Forces analysis, PESTEL analysis, and value chain analysis are the analytical tools utilized in the published study in order to gain a better understanding of the global personal care packaging market. The global personal care packaging market study provides the market estimates in terms of revenue (USD million), for a total period of 2014 to 2025. The historic market figures have been provided from 2014 to 2017 and forecast figures from 2018 to 2025. The global personal care packaging market 2018 gives a holistic view encompassing production, consumption, import and export for key regions and countries.

The global personal care packaging market size is estimated to reach USD 39.78 billion in 2025 and register a CAGR of 6.3% from 2018 to 2025. Rapid economic growth coupled with increased disposable income have led to the growth of personal care packaging market across the globe. Additionally, innovation in packaging technology, increasing awareness about personal health and high demand of cosmetics and beauty products across the world have propelled the growth of personal care packaging market.

Read details of the report at: https://www.adroitmarketresearch.com/industry-reports/personal-care-packaging-market

Based on the product, the global personal care packaging market is segmented into flexible, rigid plastics, paper, metal and glass. Within these products, the market for flexible personal care packaging products is anticipated to grow with the highest growth rate in the forecast period. Factors such as sustainability and convenience will drive the rise of the flexible products in the coming years.

On the basis of application, the global personal care packaging market is bifurcated into skin care, hair care, bath & shower, fragrances and others. Among these applications, skin care packaging had the highest market share in 2017 and is expected to grow with the highest CAGR in the forecast period. Skin care products have the highest demand in both developed as well as developing nations owing to the growing awareness of skin care among the consumers. Thus, availability of skin care products in almost every market across the globe will fuel the growth of overall personal care packaging market in the forecast period.

Based on the packaging type, the personal care packaging market is segmented into bottles, cans, cartons, jars, tubes, pouches and others. Within these, pouches are expected to grow with the highest CAGR owing to its gaining demand in developing countries of Africa and South-East Asia. The recent trends suggest that consumers are more inclined towards easy-to-use personal care products and prefer buying pouches during traveling. Hence, the growth of pouches will have a positive impact on the global personal care packaging market in coming years.

Based upon the geography, the personal care packaging market is segmented into five regions- North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. Asia-Pacific region held majority of the market in 2017 and is anticipated to have the highest growth rate of 8.1% from the period 2018 to 2025. Rapid advancement in technology and large population are the two key factors that drive the personal care packaging market in the Asia-Pacific region, especially in countries of China, Japan and India.

Some of the key players in the global personal care packaging market are WestRock Company, Mondi plc., Albea Group, Crown Holdings, Inc., RPC Group, HCP Packaging, Fusion Packaging, Ampac Holding, HCT Packaging Inc., Aptar Group, Inc. and others.

Key segments of the global personal care packaging market

Product Overview, 2014-2025 (USD million)

  • Flexible
  • Rigid Plastics
  • Paper
  • Metal
  • Glass

Application Overview, 2014-2025 (USD million)

  • Skin care
  • Hair care
  • Bath & Shower
  • Fragrances
  • Others

Packaging type Overview, 2014-2025 (USD million)

  • Bottles
  • Cans
  • Cartons
  • Jars
  • Tubes
  • Pouches
  • Others

Regional Overview, 2014-2025 (USD million)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle-East & Africa

Enquire more details of the report at: https://www.adroitmarketresearch.com/researchreport/purchase/357

About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

 

 

Global GPS Tracking Device Market At A Projected CAGR Of 13.6 %

The study covers the global GPS tracking industry statistics, in terms of revenue, for a period ranging between 2015 and 2025. The global GPS tracking device market by type and application has been provided as deep-dive on a regional and country level.

The global GPS tracking device market size is estimated to reach USD 3.49 billion by 2025 driven by the increasing demand for the product as a cost-effective source of fleet management. The report, besides estimating the ‘GPS Tracking Device’ market potential till 2025, analyzes on who can be the market leaders and what partnerships would help them to capture the market share. The report gives an overview about the dynamics of the market, by discussing various aspects such as drivers, restraints, Porter’s 5 forces, value chain, customer acceptance and investment scenario. 

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Rising instances of unauthorized use of company vehicles coupled with the increasing need for fleet productivity are projected to drive the global GPS tracking devices market demand over the forecast period.

Engagement of vehicles in timely delivery of labor, materials, money or machines, where improvement in transit time & productivity can make a significant difference to the cost or control over logistics, is a prospect for vehicle tracking system installed. The companies dealing in this market are anticipated to tap the underlying opportunities in this segment.

The recent shift in the trend from ownership of vehicles to rental and leasing is driving the demand for fleet management solutions including GPS tracking devices. Nowadays consumers are more interested in being able to access mobility services rather than buying it. The thriving tourism industry is further projected to increase the need for vehicle rental services which in terms is projected to drive the global GPS device tracking market expansion for efficient fleet management.

Read more details of the report at: https://www.adroitmarketresearch.com/industry-reports/gps-tracking-device-market

An increasing number of online app-based services is expected to impel online car booking services market. For instance, the automobile industry in Asia Pacific is flourishing and online booking services account for more than 60% of the market share. Furthermore, the government of China is implementing regulations to limit the number of on-road vehicles in Tier-I cities which is accelerating the number of rental cars booking. These factor together are providing an impetus for the growth of the global GPS tracking device market.

 

As the global automotive industry is showing rapid paradigm shift towards electric vehicles (EVs), GPS for electric cars is an additional factor projected to benefit the overall GPS tracking device market. For instance, GPS tracking for EVs will continuously monitor the situation of charging and will notify whether it is time to return home or look for a charging station.

 

Asia Pacific was the leader within the global GPS tracking device industry with a projected revenue size of USD 1.77 billion by 2025 on account of the rising sales of automobile coupled with the increasing installation of telematics. North America and Europe are also predicted to show significant growth over the forecast period.

The global GPS tracking industry is fragmented with the presence of numerous players spread across the globe. The market is also characterized by the presence of a notable unorganized sector. TomTom International, Teltonika, Calamp, Sierra Wireless, Orbcomm, Queclink Wireless Solutions, Laird, Meitrack Group, ATrack Technology, Concox Wireless Solutions, Xirgo Technologies, Trackimo, and Geotab are some of the active players operating in the global GPS tracking device market.

 

Key segments of the global GPS tracker device market

 

Type Overview, 2015-2025 (USD Million)

  • Standalone tracker
  • OBD device
  • Advance tracker

Application Overview, 2015-2025 (USD Million)

  • Transportation & Logistics
  • Metals & mining
  • Construction

Regional Overview, 2015-2025 (USD Million)

  • North America
  • S.
  • Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Middle East and Africa
  • Central & South America

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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

 

 

Augmented Intelligence Market: The Future of All Global Businesses

Augmented Intelligence Market Overview:

 

The global augmented intelligence market is anticipated to exhibit a healthy CAGR of xx% and reach USD xx billion over the forecast period (2018-2025). Key factor driving the growth of the augmented intelligence market is growing adoption of cloud based products & services, rising big data analytics and augmenting demand for smart virtual assistants. On the other hand, limited number of professionals skilled with the technology is one of the major restraint towards the growth. Geographically, Asia-Pacific market will be exhibiting the growth at higher pace owing to the growing implementation of profound learning as well as NLP technologies in certain sectors like finance, marketing, agriculture and law applications.

 

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Efficient and effective use of technology to enhance the already complex and creative human mind has no bounds. Every day in this digitally advanced world is challenging human understanding and abilities to do new and better. Augmented intelligence is only the beginning. An unimaginable world driven by digital innovations awaits us.

 

Report Description

Augmented Intelligence refines human abilities of reasoning in a software or robotic system that includes expectancy, recollection & sequencing, business outlook and problem solving followed by decision making capabilities. However, there is a misconception among people that one day augmented intelligence will eliminate human jobs but, scientists think otherwise. They believe augmented intelligence will not take over human effort but humans and machines will work together in unison. It actually has the capacity of boosting human abilities and productivity by more than 40%.

Augmented Intelligence in upcoming years will be defined as the relationship between machine and human for effective and efficient output. For instance, AI will play a very important role in banks and financial institutions as this humans-machines pair will enable them to process business intelligence ensuring better interaction of their employees with customers. Similarly, healthcare industry also demands enhanced operational efficiency while dealing with patients, thus augmented intelligence will enable them in extending their traditional settings.

 

A Chess Grandmaster from Russia, Garry Kimovich Kasparov, has recently started discovering the relationship between machines and humans. Moreover, he arranged for a chess tournament merely to end up into an amazing conclusion. “The winner was revealed to be not a grandmaster with a state-of-the-art computer, but a pair of amateur American chess players using three computers at the same time,” as stated by Garry Kimovich Kasparov.

 

This is one of the best examples that explain how the relationship between a machine’s speed and human reasoning capabilities can drive progressive results. This forms the basic principle of Augmented Intelligence.

 

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Landscape Into the future

The best way towards landscape into the future is to unite technology with the expertise & proficiency of humans, combining it into an amalgamated system shaping the technology known as “Augmented Intelligence.”

 

With augmented intelligence, there are several possibilities for expanding businesses at a rapid pace with a short-term impact over the employees instead of a perpetual ruinous effect. For a successful business it is very important to analyze the difference between autonomous robots and augmented intelligence driven technologies, because augmented intelligence driven systems can definitely augment the productivity of the workforce by upturning their efficacy.

 

Several small and large companies have already implemented the AI driven technology at their workplace. More than 80% of business officials consider AI beneficial at their competitive edge, however only less than 20% have actually incorporated the artificial intelligence technology in their business and only 39% of them actually have their artificial intelligence policies at place. Furthermore, early adopters of the technology will remain ahead of the curve in coming years.

Sales is one of the crucial part of any busines

s processing and also the impeccable prospect for augmented intelligence. This is because sales require communication, customer service abilities & understandings, negotiation techniques along with being relatable, which cannot be replaced by robotic systems.

 

Besides, augmented intelligence software can trail sales assistant throughout the sales process as well as accustom to each and every new step of the entire journey in real-time. Augmented intelligence anticipates the actions when while combined with the detailed insights of the business can ultimately deliver guidance for any extensive situation. In addition, sales professionals need to present solutions that will enhance the experience of their customers’ in-real time. Since, reaching to a solution will require complete understanding of the customer’s problems, for fixing that problem.

Thus, the accuracy of augmented intelligence for growing sales forecasts coupled with the smarter decision making ability of sales representatives will probably enable the augmentation of the business as well as global augmented intelligence market over the forecast spell 2018-2025. Moreover, augmented intelligence driven technology can actually save around one business hour every week, than possibly it would also save thousands of dollars yearly.

 

Different types of augmented intelligence robotic systems:

 

Cognitive computing: It basically works towards generating models that are capable of providing high-level risk solutions that can be related to the decision making process of humans. The goal of the cognitive computing product segment is to support humans for decision making at complex scenarios. Some of the key players offering the product include SparkCognition, Microsoft Cognitive services, Numenta and IBM Watson among several others.

 

Robotic Process automation (RPA): It is the automation process allowing the companies to accomplish greater productivity without reducing the available workforce. Key features offered by the process are ease of use & control, scalability, hasty deployment and security. Some of the prominent players providing RPA include Blue Prism, UiPath, Edge Verve and Kyron.

 

Robotic Desktop automation: It particularly comprises of data consolidation as well as standardized execution of process and also automates monotonous tasks & procedures. Some of the vendors offering robotic desktop automation include Selenium, Katalon Studio, UFT and TestComplete among others.

 

Virtual assistants: VAs enable simulation between companies and their customers. For instance, Chatbots have already captured several sectors, including financial services, healthcare and others. Moreover, it is also being observed as modern-age customer executives at the centers. Some of the key players offering virtual assistant solution include Amazon, Google and Apple among several others.

 

Analyst Commentary:

 

Righteous use of augmented intelligence for business has become a subjective issue owing to the mixed emotions it comes with. Business experts are refusing to believe that the future will be replaced by machines. Augmented intelligence is making them believe future is all about humans and machines working together. Major industrial sectors all across the globe have already started implemented augmented intelligence driven systems to save time and increase work efficiency. A study suggests that more than 50 hours of work per week is wasted on fixing up problems created by poor paper work, customer queries and errors in purchase orders and other operations. If roughly equated, this loss can be summed up to more than 6000 work hours per year, which is a huge loss.

These kind of imbalanced operations have diverted the focus of industry experts towards exploring and investing in augmented intelligence driven systems and software. As per McKinsey, technology giants like Google and Baidu spent around USD 20-30 billion on AI out of which more than 90 percent was spent on research and development. Companies around the world are struggling to use the concept of augmented intelligence in different areas of operation like, detecting security threats, fixing technological errors, minimizing manufacturing defects, studying consumer behavior to plan future marketing strategies, thus focusing on augmented analytics and mainstreaming financial services. The area of function focused on the most is the use of AI fixing security related issue. This makes the IT industry most involved in the augmented intelligence revolution. Supply chain planning and management is extensively exploring the potential AI has to offer owning to the broad scope of functions that come under this sector. Logistics and shipping is another sector feeling the need for automated augmented intelligence vehicles and systems. As per the U.S transportation sector, truck drivers are allowed to drive for 11 hours at a stretch with a break of 8 hours and the authority positively feels that if autonomous trucks are introduced, the output from this technology will be phenomenal.

 

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Global Diatomite Market Size 2017 by Product Type , Application, Region and Forecast 2018 to 2025

Adroit Market Research launched a report titled, “Global Diatomite Market Size 2017 By Product Type (Natural, Calcined and Flux Calcined), By Application (Filter aids, Filler, Absorbents, Construction Materials and Others), and Forecast 2018 to 2025”. The report provides a detailed analysis of the global diatomite market trends categorized as driving factors, restraints and opportunities that are expected to influence the demand during the forecast period. The market has been analyzed using Porter’s Five Forces and PESTEL along with a detailed value chain to give a holistic market view. Furthermore, the global diatomite industry report also covers the latest trends pertaining to untapped regions such as African diatomite industry.

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The global diatomite market size is estimated to be worth USD 1.86 billion by 2025, driven by the rising demand which has been created with the emergence of a wide range of applications for the mineral across the globe. High porosity, low density, high surface area, insulating properties, inertness, absorptive capacity, abrasiveness, brightness and high silica content are the physical and chemical traits that have escalated the demand of diatomite as a filter, absorbent and filler in numerous applications.

On the basis of type, calcined diatomite is projected to contribute to over 65% of the revenues generated in 2025. The application of calcined diatomite in filtration coupled with increasing adoption of the technology in a number of industrial sectors is expected to augment diatomite market growth over the forecast period. Calcination increases the filtration rate and removes organics, increasing the specific gravity and hardness of the particles.

On the basis of application, filter aids are projected to be the fastest growing segment in the global diatomite market garnering a volume exceeding 1900 kilo tons in 2025. Good filter aids weigh very less and are chemically inert. The diatomite filter aids form high porosity filter cakes enabling high initial liquid flow. Thereby, the large-scale use of these filter aids in beer and wine making, motor oil processing, pharmaceutical manufacturing, and to filter swimming pool water is driving the global diatomite market growth.

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Filtration of cooking oils and sugar is where diatomite is predominantly used. Almost every shelf in a grocery store contains a product which has been filtered by diatomite, thereby, ensuring the sustained application of diatomite filter aids and consequently, driving the global diatomite industry growth during the forecast period.

Geographically, Asia Pacific is anticipated to grow at a volume CAGR of 3.7% during the forecast period. This is attributed to the increasing demand for crop protection and other industrial applications. Furthermore, the demand for diatomite for manufacturing insulation bricks is expected to grow substantially over the next few years. China dominated the diatomite demand within Asia Pacific owing to its substantial demand in the large-scale manufacturing sector. China produced 420 kilo tons of total diatomite in 2015. Nonetheless, countries such as Japan, India and Korea are expected to offer tremendous opportunities driving the global diatomite market growth in the coming years.

The competitive landscape of the global diatomite market is fragmented with a large number of players operating at the global level. Some of the foremost players include Imerys S.A., EP Minerals LLC, Showa Chemical Industry Co., Ltd., Calgon Carbon Corporation, Dicalite Management Group, Inc., Diatomite SP CJSC, Diatomite Direct, Jilin Yuan Tong Mineral Co., Ltd., Qingdao Sanxing Diatomite Co., Ltd. and Shengzhou Xinglong Products of Diatomite among others. The key players operating in the market adopt strategies to strengthen their position in the diatomite industry. For instance, In March 2017, EP Minerals launched CelaPool™, a revolutionary new low dust diatomaceous earth (DE) filter aid for swimming pools.

Key segments of the global diatomite market

Type Overview, 2015-2025 (Kilo Tons) (USD Million)

  • Natural
  • Calcined
  • Flux Calcined

Application Overview, 2015-2025 (Kilo Tons) (USD Million)

  • Filter aids
  • Filler
  • Absorbents
  • Construction Materials
  • Others

Regional Overview, 2015-2025 (Kilo Tons) (USD Million)

  • North America
  • S.
  • Europe
  • Spain
  • France
  • Denmark
  • Asia Pacific
  • Japan
  • China
  • Rest of the World

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About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

Contact Information:

Ryan Johnson

Account Manager Global

3131 McKinney Ave Ste 600, Dallas, 

TX75204, U.S.A.

Phone No.: USA:  +1 (214) 884-6068 / +91 9665341414

 

 

 

Global Dietary Supplements Market Size 2017 by Ingredients, by Product, by End-Use and Application (Additional Supplement, Medicinal Supplements, and Sports Nutrition), By Region and Forecast 2018 to 2025

Adroit Market Research today published a study on the “Global Dietary Supplements Market Size 2017 by Ingredients (Vitamins, Amino Acids, Botanicals, Minerals, Enzymes and Others), by Product (Powder, Capsules, Liquids, Soft Gels, Tablets, and Others), by End-Use (Infant, Children, Adults, Pregnant Women and Old-aged) and Application (Additional supplement, Medicinal supplements and Sports nutrition), By Region and Forecast 2018 to 2025”. The global dietary supplements market size is provided based on a detailed analysis of the penetration of supplement products into various geographies. Vitamin and dietary supplement industry have been estimated based on the varying consumption patterns of multi-vitamins, minerals, ingredients, sports, and medical supplements. Detailed qualitative analysis of factors contributing to the dietary supplements market growth during the forecast years has been discussed in the final report.

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Dietary supplements market share has also been estimated based on the deep down analysis of the parent market such as nutraceuticals and its development trends and penetration across different age groups. Current dietary supplement market trends, forecast as well as dynamics such as drivers, restraints, and opportunities has been also covered in the final report. Also, product, application, ingredient and end-user sales across key countries have been analyzed to estimate the global dietary supplements market size. For instance, bottom-up approach (summation of) Canada and US dietary supplement market size has been used to arrive at the North American market.

The global dietary supplements market size is projected to be valued USD 142.9 billion by 2025. The growing trend towards healthy lifestyles, increasing aging population and concern over the spread of chronic diseases among consumers and public health agencies is driving the global dietary supplements market growth.

Dietary supplements are available across all the retail and online channels in a variety of dosage forms such as tablets, capsules, powder, liquids and energy bars. The growing interest of the adult population in personal fitness has spiked the demand for organic products fortified with probiotics, vitamins, and minerals since they provide preventive measures against health problems. Also, seasonal health alerts such as the spread of swine flu viruses have aided in fuelling the consumer interest in immune-boosting supplements and this, in turn, drives the vitamin and dietary supplement industry. However, lack of knowledge about the benefits of nutraceutical products and its rising prices are some of the factors expected to restrain the global dietary supplements market growth in the near future.

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Capsules and tablets together accounted for nearly 60% of the dietary supplements market share in 2017, and are expected to remain the most preferred dosage forms among dietary supplement manufacturers. The primary attributes that make capsules appealing among manufacturers are ease of formation, availability in numerous sizes, attractive color options, and formulation flexibility. Also, other driving factors behind the rapid demand for solid dosage forms include taste, perceptions of onset of action as well as easy availability in a variety of flavors, colours, and textures for the children and the elderly.

Iron deficiency diseases such as anemia during pregnancy accounts for nearly one–fifth of maternal deaths in developing countries such as China and India and the prevalence of this deficiency in women has alarming increased from 56% in 2006 to 60% in 2016. Demand for dietary supplements among pregnant women is expected to rise with a CAGR of 4.6% over the forecast period. With the rise in the affluent middle class, an inevitable fact behind the causes of lifestyle diseases has forced consumers to shift towards preventative health care and demand for customized products such as functional foods.

The global dietary supplements industry is highly competitive with low barriers to entry. The dietary supplement market is marked by the presence of several manufacturers who are moving towards new sales channels to expand their reach to a diverse and broad range of customers. Some of the leading industry players include ADM, Inc., Abbott Laboratories, Carlyle Group, Amway, Glanbia Nutritionals, Bayer AG, Herbalife International, and GSK (GlaxoSmithKline).

Key segments of the global dietary supplements market

Ingredients Overview, 2015-2025 (USD Million)

  • Botanicals
  • Vitamins
  • Minerals
  • Amino acids
  • Enzymes
  • Others

Product Overview, 2015-2025 (USD Million)

  • Tablets
  • Capsules
  • Powder
  • Liquids
  • Soft Gels
  • Others

Application Overview, 2015-2025 (USD Million)

  • Additional supplement
  • Medicinal supplements
  • Sports nutrition

End-User Overview, 2015-2025 (USD Million)

  • Infant
  • Children
  • Adults
  • Pregnant women
  • Old-aged

Regional Overview, 2015-2025 (USD Million)

  • North America
    • S.
    • Canada
  • Europe
    • Italy
    • Russia
    • Germany
    • UK
    • Rest of Europe
  • Asia Pacific
    • India
    • Japan
    • China
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Rest of MEA

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About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

Contact Information:

Ryan Johnson

Account Manager Global

3131 McKinney Ave Ste 600, Dallas, 

TX75204, U.S.A.

Phone No.: USA:  +1 (214) 884-6068 / +91 9665341414

 

 

Gelatin Market – Extensive Demand has Led Key Players to Develope Innovative Solutions

Adroit Market Research today published a study on the “Global Gelatin Market Size 2017 by Function (Stabilizer, Thickener, Gelling Agent and Others), Raw Material (Bones, Pig Skin, Bovine Hides and Others), Application (Meat & Poultry Products, Nutraceuticals, Desserts, Confectionery, Dairy Products, Beverage, F&B others, Pharmaceuticals, Photography, Personal Care and Others), Region and Forecast 2018 to 2025”. The global gelatin market size is provided based on a detailed analysis of food and pharmaceutical industry as well as enlightens about the rapid product demand in different geographies. Gelatin market 2018 also elucidates about the latest trends and future estimations as well as the key strategies adopted by leading players in the value chain. The global gelatin market 2017 reflects the prevailing trends such as surging consumption of micronutrient-rich seafood. Rapid research and development, as well as product innovations, are deeply discussed under the gelatin market trends. The report also provides elaborative market estimates for a period of 2015 to 2025 and a deep down detailed analysis of the market segmentation along with the ongoing trends for key geographical markets and untapped countries.

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The global gelatin market size is projected to be valued USD 2.39 billion by 2025, driven by its increasing deployment in food industry owing to its elastic consistency, the ability to hold water and air and inhibiting sugar crystallization. Gelatin is widely used as a food constituent since it is highly nutritious, easily digested and absorbed. Gelatin is widely used as a base in food industries for the production of jams and jellies, artisanal pastry, ice cream and as a setting for specialty food products. The growth of the functional food industry and rising consumer preference for high-quality food products has been observed as some of the emerging gelatin market trends.

Also, the growth of the pharmaceutical sector has provided massive opportunities for the growth of the global gelatin market size. Gelatin is witnessing increasing application scope as a coating for capsules and some surgical dressings. Gelatine capsules are also witnessing increasing traction since they are most favorable dosage forms for drugs, over-the-counter (OTC) products and food supplements.

Gelatin, originally harvested from the collagen of the animal bones is widely employed among the pharmaceutical sector to manufacture the shell/outer body of the capsules. Other principal raw materials include cattle bones, cattle hides, pork skin, poultry, and fish. Bones accounted for nearly 30% of the revenue share of the global gelatin market in 2017. Gelatin recovered from bones is widely utilized by meat processing companies and used in cans for storing frozen food.

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On the basis of application, confectionery application held a valuation exceeding USD 250 million in 2017, growing with a CAGR of 5.9% from 2018 to 2025. Texture plays a major role in which confectionery finished products are perceived by consumers. Gelatin-based confectionary products melt gently in the mouth since it improves the chewiness (elasticity) of the end product. Also, gelatin acts as a binder and thickener in the multitude of confectionary products. For instance, it is used to coat centers before chocolate or sugar panning takes place. It prevents soil and/or moisture migration from the inner layer and in turn preserving the freshness of the center.

Asia Pacific has emerged as the most lucrative regional market for the collagen and is projected to be the fastest growing segment in the forecast period with a CAGR of 5.5% from 2018 to 2025. Rising disposable incomes, the growth of the end-user industries along with rapid population growth are the key factors escalating the gelatin market growth. Also, growing consumer concern regarding proper healthcare, nutrition, and aesthetics have led to diverting attention towards gelatinous sports drinks and supplements, driving the growth of food and beverage market and in turn supplementing demand for gelatin in this region.

The global gelatin market is highly competitive owing to the presence of numerous players. Some of the key players operating in the gelatin market include Nitta Gelatin Inc., Rousselot S.A.S, PB Gelatins, Capsugel Inc., Norland Products, Sterling Gelatin, Roxlor LLC and Weishardt Group.

Key segments of the global gelatin market

Raw Material Overview, 2015-2025 (Kilo tons) (USD Million)

  • Pig Skin
  • Bovine Hides
  • Bones
  • Others

Function Overview, 2015-2025 (Kilo tons) (USD Million)

  • Stabilizer
  • Thickener
  • Gelling Agent
  • Others

Function Overview, 2015-2025 (Kilo tons) (USD Million)

  • Confectionery
  • Dairy Products
  • Meat & Poultry Products
  • Desserts
  • Beverage
  • F&B OTHERS
  • Nutraceuticals
  • Pharmaceuticals
  • Photography
  • Personal Care
  • Others

Regional Overview, 2015-2025 (Kilo tons) (USD Million)

  • North America
  • S.
  • Canada
  • Europe
  • UK
  • Germany
  • Rest of Europe
  • Asia Pacific
  • India
  • Japan
  • China
  • Rest of APAC
  • Latin America
  • Brazil
  • Rest of Latin America
  • MEA
  • Saudi Arabia
  • Rest of MEA

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About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

 

 

 

Smart Polymers Market by Type, Demand & End User, 2018-2025

Global Smart Polymers Market: Overview

The global smart polymers market study provides the market estimates in terms of volume (Kilo Tons) and revenue (USD Million), for a total period of 2015 to 2025. The historic market figures have been provided from 2015 to 2017 and forecast figures from 2018 to 2025. The global smart polymers market 2018 gives a holistic view encompassing production, consumption, import and export for key regions and countries.

The report consists of global smart polymers market trends such as such as drivers, restraints and opportunities. Porter’s Five Forces analysis, PESTEL analysis, and value chain analysis are the analytical tools utilized in the published study in order to gain a better understanding of the global smart polymers market.

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The global smart polymers market size is estimated to reach USD 29.14 billion by 2025, driven by increasing requirement of efficient drug delivery system, innovative use of smart polymers in various industry verticals such as automobile, textile and biotechnology. Increasing investment in R & D of smart polymers by the major market players to find innovative solutions in biomedical field will propel the global smart polymers market in the forecast period.

The global smart polymers market is categorized into stimuli type and application. On the basis of stimuli type, the market is further segmented into chemical, physical, biological and other responsive polymers. Within this segment, biological segment is anticipated to grow with the highest CAGR owing to its significant use in drug delivery systems, tissue engineering and other bio-medical applications. For instance, smart polymers play a vital role in the technology of self-adaptive wound dressings. The role that smart polymers play is to sense and adapt to the changing humidity and fluid content of the wound, and to automatically switch from absorption to hydration. Hence, various such biomedical applications will have a positive impact on the overall growth of the smart polymers market.

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The smart polymers market segmented by application include biomedical & biotechnology, automobile, textile, nuclear energy, electrical & electronics and other applications. Among these, the automotive segment is forecasted to be grow with the highest growth rate in next 8 years. As technology advances, more and more applications of smart polymers are getting birth, significantly in mainstream industries such as automobile. Specifically, smart polymers can be used by the automotive designers to simplify products, add features and improve the performance. For instance, GMC came up with a project called air louver, in which the shape memory material can be used to adjust the airflow. The air louvers would remain closed during the cold starts and open wide to allow the airflow when the engine heats up. Thus, smart polymers have the potential to be the game-changers across various industries which will have a positive influence on the future smart polymers market growth.

According to the region, North America has the highest market share in the global smart polymers market owing to its growing initiatives towards research and commercialization of smart polymers. Within North America, the US had the major sharing followed by Canada and others. The growth rate of Asia-Pacific region is expected to be the highest among all regions, owing to the factors such as urbanization and industrialization.

The global smart polymers market comprises of both players operating at the global and at the country level. Some of the major key players include BASF SE, Advanced Biopolymers AS, Nexgenia Corporation, FMC Corporation, Nippon Shokubai, Autonomic Materials, Inc., Covestro AG, Advanced Polymer Materials Inc., Lubrizol Corporation and others. These companies have established their presence in the market owing to continuous R&D activities and their various strategic initiatives.

Key segments of the global smart polymers market

Stimulus type Overview, 2015-2025 (USD million) (Kilo tons)

  • Physical
  • Chemical
  • Biological
  • Others

Application Overview, 2015-2025 (USD million) (Kilo tons)

  • Biomedical & Biotechnology
  • Drug Delivery
  • Tissue Engineering
  • Bio-separation
  • Biocatalyst
  • Automotive
  • Electrical & Electronics
  • Textile
  • Nuclear Energy
  • Radiation Detection
  • Waste Treatment
  • Others

Regional Overview, 2015-2025 (USD million) (Kilo tons)

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

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Table of Content:

Chapter 1 Executive Summary

 

Chapter 2 Research Methodology

Chapter 3 Market Outlook

Chapter 4 Global Smart polymers Market Overview, By Stimulus type

Chapter 5 Global Smart polymers Market Overview, By Application

Chapter 6 Regional Overview

Chapter 7 Company Profiles

About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

 

 

E-Cigarettes Market Analysis & Industry Forecast 2018-2025

Recent launched study titled, “Global E-Cigarette Market Size 2017 by Type (Modular, Disposable, Rechargeable), by Region (North America, South America, Europe, Asia Pacific and Middle East & Africa) and Forecast 2018 to 2025” includes qualitative insights of the market such as drivers, restrains, value chain, regulatory framework and trade statistics of e-Cigarette industry. The value chain has been analyzed in detail covering key stages.

The global e-cigarette market size is expected to reach up to USD 48.9 billion by 2025. The growth of the market is expected to be majorly driven by the increasing demand for less harmful alternative to the conventional cigarettes among working professionals and the youth. The high consumption of electronic cigarette among teens and young adults is expected to be the primary driver of the market during the forecast period.

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E-cigarettes are devices powered by batteries which allow the user to inhale and exhale a liquid that is heated into an aerosol. This liquid usually contains nicotine, flavorings, propylene glycol, glycerin, and other chemicals. E-cigarettes come in a variety of shapes and some sizes and are often called by different name such as e-cigs, e-hookahs, mods, or vape pens. The market for e-cigarettes has developed at a rapid pace with the presence of a dynamic and diverse industry, providing a vast range of device through newly established production and distribution networks.

The global e-cigarette market trends accelerating its growth includes cheaper and safer availability of alternative to smoking. Furthermore, in addition to a wide range of electronic cigarette devices, the presence of an extensive range of flavors and nicotine concentrations in response to the evolving consumer tastes and preferences. The most notable among the e-cigarette market trends is the sector being primarily driven by young entrepreneurs, who have been able to anticipate and respond to the evolving needs of the customers. Hence, the combination of fast evolving manufacturers and the demonstrated consumer interest in e-cigarettes are expected to positively affect the e-cigarette market share. Europe E-Cigarette Market Share, by Type, 2017 (%)

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The global e-cigarette market segmented on the basis of type is, dominated by the modular type of e-cigarettes due to the option of customization that it offers to the users. Modular cigarettes are the most popular among the customers, garnering a market share around 60% in 2017, globally. The demand for modular e-cigarettes was the highest in North America, constituting almost 42% of the overall e-cigarette market share 2018. The high prevalence of modular users is attributed to the presence of specialist e-cigarette stores and the high proportion of customers preferring modular e-cigarettes as their first device.

The global e-cigarette market was dominated by North America and Europe, with sales generating around 70% of the overall market revenue. However, North America held the largest share in the global market, assisted by the U.S. e-cigarette market. The sales of e-cigarettes in America is the highest and the traditional big tobacco companies have shifted to manufacture of e-cigarettes. These e-cigarette market trends is expected to sustain the growth of the U.S. e-cigarette market during the forecast period.

The global e-cigarette market is fragmented with the presence of a large number of small and big players, both at the global and regional level. The primary market participants include British Altria Group Inc., Japan Tobacco Inc., American Tobacco plc, JUUL Labs, Inc., VMR Products LLC, NJOY Inc., Imperial Brands plc, Philip Morris International Inc., International Vapor Group, Vapor Hub International Inc., and FIN Branding Group LLC among others.

Key segments of the global e-cigarette market

Type Overview, 2015-2025 (USD million)

  • Modular
  • Disposable
  • Rechargeable

Regional Overview, 2015-2025 (USD million)

  • North America
    • S.
    • Canada
    • Europe
    • Germany
  • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • Korea
    • India
    • Southeast Asia
    • Rest of Asia Pacific
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Mexico
    • Rest of South America

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About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

 

 

Electric Vehicles Battery Market 2019 Global Key Players, Trends, Share & Forecast

The global electric vehicles battery market size is expected to reach $xx billion in coming years. One of the key factor fueling up the market is rising demand for electric cars. However there are several other reason responsible for driving the market for instance merger of key component manufacturers & increased number of OEMs as well as enhanced charging infrastructure. Besides, in coming future, the electric vehicle battery market specifically built for passenger cars will comparatively witness faster growth than the commercial vehicle. By knowing that usage of electric vehicles gradually lessens the high emission levels has fostered governments to promote it actively.

Electric vehicles (EVs) and hybrid electric vehicle (HEVs) are the two factors that will dominate the global electric vehicle battery market positively. EVs and hybrid vehicles are primarily powered by batteries. Various countries are taking initiatives in towards reduction of global warming. On increasing verge, countries are offering tax benefits and incentives to mount the use of green vehicles like EVs and HEVs. Moreover, to involve more and more manufacturers for the production of EVs and hybrid vehicles, top vehicle market regions have started providing subsidies and incentives to them. This will be another factor towards the promotion of the sale of electric vehicle battery market in the upcoming time.   

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Innovations by the EV industry players:

One of the highly-priced German automaker, Porsche, announced it will bake three years of unrestricted battery charging into the rate of its first ever electric vehicle. In addition to that, Porsche Taycan, an all-electric sports car owners will be offered fast-charge services with help of installed charging stations. It partnered with Electrify America at the time of electric sedan launch. Besides that, it is 600-horsepowered and will be able to travel a 310 miles with a fully charged battery. It contains specialized 800-volt battery that has ability to absorb 350 kilowatts resulting in faster charging. So far, this vehicle has been quicker than any other vehicle and as compared to Tesla, whose batteries were competent to absorb 120 kilowatts. However, Tesla’s Model S beats the Taycan in terms of range, as it thrived to the largest capacity that is 335 miles.       

Another innovative and cutting-edge electrification goals are intended to come from Volkswagen (VW). The industry giant is not just planning to pump out millions of cars but also plans to be a stepping stone in game of electric vehicle batteries. Subsequently, VW has declared that its Group Components unit (in-house supplier) will be a separate and independent corporate entity which will carry “end-to-end” responsibility for the battery, beginning with competence development for the cells up to the recycling of the batteries. This is huge as most of the European auto Industry is sparse of big battery manufacturer which can be considered the downfall of Asian suppliers. Further, VW has declared that it is investing in Forge Nano (California startup) which aims to enhance battery cells efficiency. This is all in direction of honing the company’s profile in the e-mobility field which is possible due to its higher product strength and manufacturing depth.

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Another big announcement for VW is that its Group Component is expected to begin production of fast-charging stations for electric vehicles. These stations fundamentals will be based on powerbank, enabling four cars to charge up at once. VW’s shift to e-mobility will offer thousands of jobs in the U.S. German government has taken initiative to support domestic production on battery cells by offering more than $1 billion and there is high possibility of Volkswagen to be important part of this initiative.     

Silicon’s importance in electric vehicle batteries is well established now. But, 24M is coming forward with “semisolid” lithium-ion batteries which is expected to leapfrog other competitors in terms of energy density. With higher energy density, comes lesser cost, lesser weight, higher longevity and promising EVs without range anxiety or sticker shock. 

Across the globe, registered sale of electric vehicle in 2016 was more than 500,000, a figure that is expected to jump sevenfold by 2022, according to the U.S. Energy Information Administration. The factor that may restrict a customer from buying these electric vehicles is its over-price and confined driving range that doesn’t covers more than hundred miles (kilometers) when charged once. To iron out these issues, adoption of Silicon for EV batteries will boost energy storage. Silicon’s distinctive characteristic like higher energy density can act as better anodes in batteries. Besides that, Silicon is capable to cut the cost per kilowatt hour in EVs by 30 percent.

California-based Sila Nanotechnologies is targeting to have its own technology which uses Silicon as anodes in more than a million EV batteries. The company was born in a laboratory of Georgia Institute of Technology. The company claims the development of a technology that is able to fully replace graphite, facilitating higher ranger and boosted capacity. Amperex Technology Limited (300750.SZ) and BMW AG (BMWG.DE) are world’s largest battery producers. Sila counts both of them as key customers and aim to target its silicon products for both these companies. They eye on to being the first vehicle of 2023 with highest gigawatt hours of capacity.  

Analyst Commentary:

Global electric vehicle market comes with both environmental and economic benefits. If the economic factors are being focused upon, the environmental ones need more attention as EV batteries are expected to pose a threat to the environment within a decade owning to their short life. Key industry players have been considering both these factors and coming up with innovative solutions to fight problems that might arise in the future. Even though the battery technology is evolving, key players in this industry are not able to meet the demands for the electric vehicles. One of the most important reasons for this is the unavailability of batteries. This shortage has been termed as ‘temporary global battery supply shortage’ by the industry experts. In 2017, Hyundai was hardly hit by this situation as its cell supplier LG did not have batteries in stock. The demand Hyundai’s loniq EV increased tremendously in 2017 in the U.S but they sold only 544 EV’s even though they were booked with sales. Norwegian customers also experienced such kind of situation with the Kona EV. On the other hand, new entrants in this market like Nissan and Tesla are able to meet their EV demand as they had already though through this situation. The shortage of EV batteries is making companies get into the battery manufacturing business which is not very easy. A competent battery is the soul of an EV. Chemical giants like BASF and 3M are becoming suppliers to battery makers now. The EV battery web has suppliers for different components of battery now. 

Tesla is ahead of the game with regards to electric vehicles. It established its own factory for manufacturing of lithium-ion battery and electric vehicle subassembly. The Tesla gigafactory 1 is situated in near Clark, Nevada. But, to meet the full demand for electric vehicles even tesla need to expand their facility size and capacity by three times. Their plan for this facility is with a production capacity of 100 GWh for cars and 150 GWh total. This is expected to boost the sale for Tesla EV’s in the future if supply and demand balanced. As far as other brands are concerned, a detailed production plan needs to be in place to meet the rising demands. A Daimler spokesperson stated that sales of their electric models are expected to constitute 15% to 25% of total Mercedes-Benz sales by 2025. That is a huge number for Daimler. It also plans to introduce 10 electric vehicles by 2022, way before their proposed year 2025. Norway and the Netherlands are planning a complete ban sale of new gas-powered cars by 2025.

One of the major factors that is also negatively influencing the global electric vehicle battery market is the insufficient supply of cobalt and lithium. As per the Deutsche Bank market research, battery segment covered 25% of all lithium production out of which 14% is used by the EV industry.

Popularity of electric vehicles is rising a level up every year. In 2018 the number of registered electric vehicles sold solely in the UK was above 50000. It has been reported as the most successful year so far in terms of electric vehicles battery market. The uncertainty and un-stability surrounding combustion and diesel powered vehicles is rumbling which led to a huge adoption and shift towards electric vehicles. However, electric vehicles especially cars are still not free of errors. Research studies show that electric vehicle batteries are temperature dependent. Charging time for a normal battery increases significantly when the weather is cold as compared to an EV battery. A DCFC charger has an increased efficiency of charging an electric vehicles battery to 80 percent just in 30 minutes. But at higher temperatures, somehow it exhibits inefficiency of 36 percent lesser charge in the same time span. So, the batteries are temperature dependent and degrade its efficiency under cold temperatures. But, technology effectively has been able to gain significant traction in the past five years but affordability is still a lacking parameter.

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About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

 

 

 

Telecom Towers Market Growth Set to Surge Significantly during 2019 to 2025

The key driving force for the socio-economic development of a country comes from the telecommunication industry. The growing competition between telecom providers is increasing consumer demand for better connectivity, speed and wireless technology. Telecom towers are facing a challenge to fulfil these demand but advanced technology has made the process easier.

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Your Basic guide to Telecom Towers

Over the past 30 years, the demand for broadcast and wireless communication has fueled in dramatic way which led to increased number of communication tower construction and maintenance. This is projected to evolve over different generations of network communications. The expedition started with ‘0G’ mobile telecom service (MTS) to contemporary long term evolution (LTE)/4G, 5G and Cloud. Especially mobile telecommunication, it has turned to be a necessity to everyone. Major boost to the mobile industry took place with the advent of second generation (2G) mobile telecommunication as it was intriguing for customers to browse internet on mobile phones coupled with clear voice calling facilities. At present, most countries possess 4G connectivity, a highly dense networking system. It facilitates enhanced data transfer rate and real time audio and video calling. However, developed countries like Japan and U.S. are thriving on 4.5G and striving for 5G network communications.

Trends, Benefits and Challenges of Voice Based Shopping

Companies like At&T are unveiling its plan for 5G roadmap which entirely focus on three pillars like Mobile 5G, Edge Computing and Fixed Wireless. Other well-known industrial IoT solutions provider like Wind River has joined hands with British Telecom to establish edge cloud computing applications. Evolution in cloud-based services for roll-out of 4G LTE and mobile users across the globe has soared the network investment by carriers, has tremendously driven the demand for the telecom towers market. Apart from that, tower sharing is also playing an essential role for propelling the telecom industry owing to its cost-effectiveness and faster data rollout.

As every cloud has a silver lining, telecom towers at the initial setups and rolling out of these technologies are resulting in high cost that is leading key market players to adopt alternative cost-effective strategies.

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Besides that, the growth of telecom tower market is directly proportional to the number of telecom service providers in any region and mobile subscriber density which remains a major challenge. Also, service provider experience restriction due to permissible height limits when installing multiple towers in small zones. Other factors that deter the market growth is side effects of high frequency microwaves or radio waves on environment and human and stringent rules and regulations of government towards installation of telecom towers suppress the telecom authorities.

Future of Telecom Towers

The world is steadily moving towards intelligence-based automation. Technologies like artificial intelligence and machine learning are emerging on an exponential rate and strikes hard in making network more intelligent. For telecom service need of hour is to couple with digital innovation like upcoming fifth generation (5G) which begin the journey towards a ‘zero touch network. Opportunities will ramp up for autonomous vehicle connectivity if 5G implemented with huge amount of authorized data. This will secure future market opportunities like driver safety and easy data processing and management.

Utilizing these new technologies will also turn bag of challenges related to secure and highly automated network. So far, software defined networking (SDN) is one of the greatest inventions that is capable of transforming network architecture and resolve issues related with digital transformation.

Analyst Commentary:

Telecommunication remains a critical force for disruption, innovation and growth across multiple industries. Research shows that the telecom industry will grow to a value of USD x.x trillion by the end of 2020. Telecom companies will form a cornerstone for building a new-age civilization of Smart Cities. The industry plays a pivotal role in rise of IoT and facilitating IP services. Digital services revenue is anticipated to reach USD xxx billion by 2025. This has indeed pushed the telecom industry to gear up and well-manage higher volumes of data. This possible boost is owned by the fact that out if ten Americans, nine use the internet which is characterized by high levels of access to high-speed broadband and smartphone ownership. Telecom industry can’t afford to deny the fact that always-online generation falls under the age of 25, being 32% of the world’s total population.

Acknowledging the skyrocketed growth of disruptive technologies in Telecom Industry, creating awareness among consumers about superfast broadband (defined as 24Mbps+) has become a necessity. As an initiative, Ofcom has come forward and announced to boost consumer awareness. In 2017, Asia-Pacific accounted highest volume of towers in the market. High penetration of smart devices resulted in increased consumption of data in developing nations such India and China. A study predicts that China will dominate the US in gigabit broadband race. China will have more than 50% of gigabytes connections by 2023. Europe will attain second position with more than 15 % whereas North America will have more than 10% share.

The key market players in the telecom industry include Helios Towers Africa, American Tower Corporation, Bharti Infratel Ltd., SBA Communications Corp., China Tower Corporation, AT&T Inc., T-Mobile Towers, Crown Castle International Corporation and GTL Infrastructure Inc., among others. Apart from that, key players are merging and pushing their boundaries forward, one such effort comes from Deutsche Telekom that has announced its new IoT innovation space at IBM’s Watson IoT Center. These will be combined efforts to formulate solutions that will result in Deutsche Telekom’s expertise in the domains of security, connectivity and IoT solutions and IBM’s capabilities in big data, IoT and AI.

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Key segments included in Upcoming ‘Global Telecom Towers Market’ report are:

Based on type, the market has been segmented into,

  • Guyed tower
  • Lattice tower
  • Monopole tower
  • Mobile (vehicle mounted) tower
  • Camouflage towers

Based on application, the market has been segmented into,

  • Roof Top Tower (mounted on roof of any building)
  • Green Field Tower (mounted on ground or suitable foundation)

Based on region, the market has been segmented into,

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Nothern Africa)

About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

 

Reinsurance Market Size, Share, Outlook 2018, Industry Overview

Reinsurance has been playing a very vital role in the market for around 150 plus years now. As per the historical data abstracted, the concept of reinsurance was started with an agreement passed by Cologne Re around one decade after the incident of Great Fire of Hamburg occurred in the year 1852. Then, somewhere in 1990s Cologne Re merged with Gen Re, which is a subsidiary of Berkshire Hathaway. In addition, two of the industry leaders across the globe Swiss Re and Munich Re got recognized in the reinsurance market somewhere in the middle of 1860-1880s.

The global reinsurance markets acquire around one-tenth of entire insurance markets in terms of volume, however it plays an essential role when it comes to backing up of the solvency as well as capital efficacy in terms of insurance risk distribution. Moreover, even reinsurance like the primary market has witnessed equivalent competitive pressures that includes excess supply & less demand. However, in upcoming years the industry will have ample opportunities that is expected to maintain as well as upturn its importance. This is mainly due to rising number of risk factors and also macroeconomic conditions across the globe are getting more complex and hazardous.

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Opportunities, trends and Challenges in Reinsurance Market

The developments in several technologies are driving the entire reinsurance market to triumph the 4th industrial rebellion. Moreover, suitable use of technology will probably result in effective management of the several verticals of insurance companies that will guarantee the improved profits as well as customer satisfaction. For instance, with the proper use of blockchain technology the reinsurance business will result in well-organized and secure paperwork that assuring the safety of customers’ credentials as well as confidential data. On the other hand, one of the major restraint towards the growth of reinsurance market in upcoming years include the vulnerability towards cybercrimes. Some of the biggest incidences of cybercrime consist of computers & in-house software hacking as well as incursion into the intranet gateways. The global reinsurance market is likely to be impacted by the stealing of data on these devices or even cloud for selling them to the competitors. Another, challenge expected to be faced by the market is high designing as well as manufacturing cost of technology.

Reinsurance Market segments:

The global reinsurance market can be segmented by different types and geography. Further, type segment can be divided into P&C (property & casualty) reinsurance, life reinsurance and health reinsurance. P&C reinsurance will be dominating the market on the account of augmenting swiftness and hard-to-replicate significance in a business that is getting gradually more commoditized.

Geographically, market is segregated to certain key regions covering South America (Brazil, Argentina & Colombia), Asia-Pacific (China, Japan, Korea, India & Southeast Asia), North America (United States, Canada & Mexico), Europe (Germany, France, UK, Russia & Italy), Middle East & Africa (Saudi Arabia, UAE, Egypt, Nigeria & South Africa). North America is expected to dominate the market in upcoming years.

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Analyst Commentary

Nowadays, global companies for reinsurance regularly pay the major share for catastrophic claims worldwide that comprises of tail risks (events that are less likely to occur but can cause a lot of damage), for instance September 11 terrorist attack and Hurricane Katrina. Over the past decade, reinsurers had witnessed an average annual payouts of more than USD 110 billion yearly. Apart from cataclysmic events, the business across the different market segments including life, P&C as well as health reinsurance also play a very significant role in terms of assisting several major companies in several methods, for instance, transfer of multifaceted risks, decreasing capital requirements & covering volatility, levelling earnings oscillations, supporting growth with even more ability and refining creditworthiness.

As per a recent study, it was concluded that reinsurance has been the highest performing insurance business since past few decades. Moreover, according to the recoded data of almost last 5 years the reinsurance industry has outperformed the insurance business and stock market approximately by 13 percent. Though, major contribution for this outperformance by non-life reinsurance segment. Additionally, non-life reinsurance stands extremely capitalized and will probably not fall below “A” level against the current capital capability of “AAA” level, regardless of the ratio of catastrophic events that happens to 1-in-250-years. This, is mainly because of the combination of constant inflow of investment with the low rate of interest that makes the existing soft market keep up the pace for at least over the period of near term future.

Reinsurance, alike other key markets experiences an overflow of capital. In addition, almost all of the reinsurance companies across the globe are looking ahead to expand their footprints for more business in the markets of Asia and Latin America regions. On the other hand, companies already established in these regions are looking forward for expansion all across the world.

Mergers & Acquisitions

Since past few years several players in the reinsurance market are continuously consolidating as well as expanding since their turnover & growth restraints, combined with a rising number of suitors keen to pay material premiums towards the present market & book value are attracting several establishments to contemplate a sale. The year 2018 witnessed 2 major agreements were announced trailed by similar tie-ups. Some of those M&A activity include AXA’s (leading insurer in Europe region in terms of gross premiums written) sizeable acquisition of XL Group, this will make XL biggest multiline company.

Besides, some of the diversified dominant players across the globe including Swiss Re, Hannover Re, Munich Re, SCOR and Partner Re are successfully leading the market with major market share.

Table of Content

Chapter 1. Executive Summary

Chapter 2. Research Methodology

Chapter 3. Market Outlook

Chapter 4. Global Reinsurance Market Overview, By Type

Chapter 5. Global Reinsurance Market Overview, By Region

Chapter 6. Company Profiles

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Conclusion

The reinsurance markets across the world is augmenting unlike before. Major push in the market is obvious as all the reinsurance market segment are developing at a speedy pace along with the expanding business in terms of both value and volume over the past decade and the trend is anticipated to last for next few years as well. Thus, both insurers as well as reinsurers ought to spot themselves and also utilize this expected growth.

About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.