Thursday 30 April 2020

Frame Grabber Market | Global Industry Size, Share, Trends and Analysis Report

The global Frame Grabbers Market size is projected to reach USD 489.2 million by 2025, according to the new report conducted by Grand View Research, Inc., exhibiting a CAGR of 7.2% during the forecast period. Applications that involve image data rates of more than 120 MB necessitate frame grabber solutions in vision systems. Rising awareness regarding merits of frame grabbers such as high processing capacity and data-rate handling capacity is expected to propel the market.

AIA’s CameraLink, which delivers high-speed trigger and control signals to cameras, was the first ever vision-specific digital interface to become the industry standard. CameraLink is capable of transferring image at data rates of up to 850 MB/second over a distance of 10 meters. Therefore, it has become a dominant interface for camera and frame grabber applications.

Based on advanced applications, the market has been segmented into web inspection, transportation safety and maintenance, scientific, factory automation, industrial camera manufacturer, and security. The web inspection segment dominated the market in 2016 in terms of both revenue and shipment volume. The growth of the segment can be attributed to surging demand for 10 GigE high-speed web inspection vision applications in various industry verticals.

Furthermore, based on end-use customers, the report has been classified into original equipment manufacturers (OEMs), manufacturers, and system integrators. The manufacturer segment accounted for the largest share in 2016 in terms of revenue as well as volume. However, the system integrator segment is projected to expand significantly during the forecast period. Growing penetration of service & solution providers in emerging economies of Asia Pacific is anticipated to benefit the overall market.

The key regions reviewed in the report are North America, Europe, and Asia Pacific. Europe was at the forefront of the market in 2016 and is estimated to witness a steady growth over the forecast period. Presence of a larger number of machine vision system manufacturers and rapid technological advancements are contributing to the growth of the market.


Further key findings from the report suggest:
  • The frame grabbers market is poised to reach more than 975 thousand units by 2025. Frame grabbers are majorly used in advanced applications such as inspection of color print and flat panels
  • Spiraling demand for image resolution and rapid frame rates, high bandwidth cameras, and high speed is supplementing the growth of the market
  • Industrial camera vision systems are likely to witness increased applications in the artificial intelligence, hyperspectral imaging, and three-dimensional (3D) imaging industrial sectors
  • Increasing demand for robotics in factories is driving the adoption of technologies similar to machine vision systems in North American. This, in turn, is creating several growth opportunities for the market
  • Some of the key players in the market are ADLINK Technology Inc.; Advantech, Co., Ltd.; Euresys S.A.; ISRA Vision AG; KAYA Instruments; Teledyne DALSA Inc.; and Pleora Technologies Inc.
 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James

Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Wednesday 29 April 2020

Sports Analytics Market is Estimated to Observe 31.2% CAGR till 2025


The global Sports Analytics Market size is expected to reach USD 4.6 billion by 2025, expanding at a CAGR of 31.2%, according to a new study by Grand View Research, Inc. Increasing preference for sports as a career option coupled with the growing demand for tracking and monitoring live data of players is expected to drive the market growth. Use of analytics in sporting events help different stakeholders including sportsperson, associations, and fanatics to get in-depth insights on live in-game activity as well as the past game events.
Sports generate huge amount of data that can be used for tracking player information and thereby gain competitive insights on opponent’s strategy. Companies worldwide are investing in research and development in order to develop state-of-the-art solutions that can process such voluminous data and help end-users gain competitive insights. Several gaming associations such as the Royal Spanish Football Federation, German Football Association, and National Basketball Association (NBA) have begun implementing analytical tools. Such tools help in crunching numbers in order to predict the possible outcome of a future game event as well as to gain insights on individual player and team performance.
Analytical tools use historically generated data as well as on-going real-time statistics to provide insightful information to the stakeholders involved in sports ecosystem. Analytical tools help gain first-hand information such as opponent history, win-loss records, player line-up, and player specific info including speed attained, acceleration achieved, and energy levels. Moreover, this data is also used by aficionados, which in turn, increases their involvement in the game. Growing involvement of fans thus helps to increase the popularity of the sport among people.
Further key findings from the study suggest:
  • The market is witnessing growth owing to wide range of benefits offered by analytic solutions, especially with respect to the in-game strategy formulation
  • The software segment held a major share in the market, accounting for more than 55.0% of the total revenue generated in 2018. With the advent of cloud computing and associated benefits in terms of flexibility offered with respect to accessibility, demand for cloud-based analytical solutions a has surged over the last few years
  • The on-field analysis segment dominated the market in 2018 and is expected to expand at the highest CAGR during the forecast period. This is owing to growing popularity of game that needs player monitoring through use of sensors embedded in clothes and equipment
  • The off-field segment is expected to exhibit a considerable CAGR owing to the growing trend towards understanding the dynamics of the game among aficionados
  • The football segment held the major share in 2018. Higher share of this segment is attributed to tremendous popularity of the sport, especially among European countries
  • North America is expected to account for the highest share followed by Europe during the forecast period. Growing investments by the companies in developed markets to develop advanced big data analytics solutions is flourishing the regional market
  • Key players include Experfy Projects; Oracle; IBM Corporation; SAP; Sportradar AG; Tableau Software; and SAS Institute Inc.
 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James

Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: 
sales@grandviewresearch.com
For More Information: 
https://www.grandviewresearch.com


Qatar Smartphone Market is Estimated to Observe 2.5% CAGR till 2025


The Qatar Smartphone Market size is likely to reach USD 2.15 billion by 2025, according to a study by Grand View Research, Inc., experiencing a CAGR of 2.5% during the forecast period. In 2017, around 5.9 million products were sold in Qatar and the sales are estimated to increase at a significant rate over the forecast period.

Surging demand for virtual/augmented reality gaming among professional gamers and youth is expected to drive the market over the forecast period. Excessive use of consumer electronics and technologically advanced phones among youth in Qatar is creating the need for frequent replacement of existing as well as outdated phones. Additionally, rising inclination of youth population towards communication and entertainment is anticipated to spur smartphone demand in this country.

Reducing prices, coupled with technological advancements, are projected to promote product sales among different age groups in the country, including individuals that belong to the age group of 15-54. Increasing number of mobile broadband connections and growing online sales are further poised to bolster market growth over the forecast period.

A few notable trends such as gifting electronic consumer devices to close relatives and friends, especially during promotions and discounts on smartphones in the country, are likely to boost product sales in Qatar over the forecast period. Additionally, in 2018, promotions and discounts offered by various smartphone brands evoked a significant response among customers in Qatar. Discounts on high- and mid-range phones offered by Samsung, Huawei, Sony, LG, and Xiaomi played a vital role in driving sales of phones in the country.


Further key findings from the study suggest:
  • Increasing disposable income of consumers, coupled with widespread internet penetration, has been escalating the growth of the market in the country
  • Widespread use of smartphones in various application verticals, including military and defense, healthcare, fashion, manufacturing, and real estate, is expected to fuel the demand for products with a large screen, specifically phones with a screen size of 5.5 inches and above
  • In 2017, the above USD 400 segment accounted for more than 45.0% of the overall market revenue. Burgeoning demand for premium products in Qatar can be attributed to high-priced devices and offering them as gifts, which is often perceived as a status and reputational symbol among customers in the country
  • Additionally, many expatriates visiting their home in Qatar for a short span of time are inclined towards purchasing low-priced smartphones for temporary use. This is estimated to contribute to the growth of the up to USD 199 segment over the forecast period
  • The prominent industry players, including Samsung, Huawei, and Sony, are adopting different promotional and product differentiation strategies for sales and distribution of smartphones in Qatar
  • These strategies include high discounts for mid & high-range phones. These players are also focusing on R&D to provide value-added features and enhance performance of the final product.
 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James

Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: 
sales@grandviewresearch.com
For More Information: 
https://www.grandviewresearch.com

Real-Time Payments Market is Estimated to Observe 29.3% CAGR till 2025


The global Real-Time Payments Market size is estimated to reach at USD 39.02 billion by 2025 registering a CAGR of 29.3%, according to a new study by Grand View Research, Inc. Real-time payments are digital/electronic payments that allow the immediate transfer of funds in real time through a secured payment gateway. Growing e-commerce sector and adoption of smartphones coupled with the rising need for fast and convenient payment solutions in large and Small & Medium Enterprises (SMEs), are anticipated to fuel the RTP market expansion.

The real time payments infrastructure can significantly enhance the payments’ stakeholders experience of disbursements and refunds – a frequent issue for merchants and consumers alike as card refunds generally take at least a few days to process and clear. Real-time payments solutions are being widely adopted across various industries, such as retail and e-commerce, BFSI, and IT & telecom, owing to their benefits in terms of speed, security, and transparency. Rising demand for advanced analytics for payment-related data from merchants and corporate users is also driving the market.

Moreover, availability of advanced online payment systems, such as Google Pay, Apple Pay, and Samsung Pay, and rising adoption of such solutions by large e-commerce retailers are expected to lead the market growth over the forecast period. Additionally, favorable government initiatives about digital payments across emerging economies, such as India, and China, are estimated to create significant opportunities for market entrants. The Asia Pacific market is anticipated to witness a significant expansion over the forecast period due to increasing e-commerce sales and adoption of smartphones.

Key companies in the market focus on M&A to enhance their product portfolios, expand geographical presence, and consumer base to deliver RTP solutions across various industries. For instance, in June 2016, MasterCard Inc. acquired VocaLink Holdings Ltd. (92.4% stakes) for a deal worth USD 920 million, which allowed MasterCard to strengthen its role in the U.K. payments ecosystem. However, growing cybersecurity concerns and lack of network interoperability among multiple payment-related schemes, such as Automated Clearing House (ACH) and Society for Worldwide Interbank Financial Telecommunications (SWIFT), could hamper the market growth.


Further key findings from the study suggest:
  • The Asia Pacific regional market accounted for the largest share in the past and is anticipated to witness the highest CAGR over the forecast period
  • This growth can be attributed to the increasing number of new instant payment providers and government initiatives to promote digital payments
  • Retail and consumer goods industry held the largest market share in the past and is expected to register the maximum CAGR during the forecast years
  • This growth is mainly due to high demand for instant payment solutions from of large- and small-sized e-retailers and merchants
  • Prominent companies in the market are Finastra; MasterCard, Inc.; Fidelity National Information Services, Inc. (FIS Inc.); Fiserv, Inc.; ACI Worldwide, Inc.; and Visa, Inc.
  • These companies focus more on M&A to enhance product and services portfolios and expand regional presence
 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James

Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: 
sales@grandviewresearch.com
For More Information: 
https://www.grandviewresearch.com

Cloud Services Brokerage Market is Estimated to Observe 17.3% CAGR till 2025


The global Cloud Services Brokerage Market size is estimated to reach USD 17.2 billion by 2025, according to a new study by Grand View Research, Inc. It is projected to expand at a CAGR of 17.3% during the forecast period. Cloud Service Brokerage (CSB) is a business model that helps plan and manage IT resources across all cloud models from numerous vendors whilst reducing compliance risk and total IT costs. It helps reduce business complexities through managing, integrating, orchestrating, and controlling multi-cloud environments on a centralized platform.

Additionally, enterprises can provide several cloud-based services from a single point of access, including administration, billing, and support, to their partners and customers. The significant rise in adoption of multi-cloud platforms to cater to the needs of various clients, vendors, and technology partners is likely to remain the key factor driving growth of the global cloud services brokerage market over the forecast period.

Cloud service brokers help manage services implemented on hybrid clouds and integrate these platforms with the systems and cloud-based applications deployed at consumer’s premises. The aim is to make services more secure and specific to the company. With the increasing use of cloud services for both B2B processes and back-office systems, integration and coordination of a high order is needed. Moreover, the rise of outsourcing of interdependent business processes to multi-cloud vendors makes business processes highly complex. This is likely to result in increased adoption of CSB solutions over the forecast period.

Rapid growth in demand for hybrid IT solutions across large enterprises coupled with growing need for storage and effective management of large volumes of enterprise data, is expected to lead the market toward a remarkable growth path over the forecast period. Furthermore, the rapid migration of Small and Medium Enterprises (SMEs) on cloud platforms - to reduce infrastructure costs and improve the ease of data accessibility -  is expected to lead to high demand for cloud service brokerage solutions and services.

Besides, rapidly increasing numbers of digital payment vendors and rising government initiatives aimed at the promotion of digital banking technologies are likely to foster growth of the cloud service brokerage market over the forecast period. Key market players focus on mergers and acquisitions to expand their service portfolios, customer base, and regional presence. However, the lack of awareness about the benefits of CSB solutions, coupled with the rising concerns related to cybersecurity among consumers, may hinder the growth over the forecast period.


Further key findings from the study suggest that:
  • In 2018, North America captured a significantly high market share, attributed to a large number of data centers along with several large IT and cloud service providers
  • Asia Pacific is expected to witness significant growth from 2019 to 2025, mainly due to growing adoption of cloud services in small and medium enterprises to reduce infrastructure costs and to sustain in a highly competitive environment
  • Cloud vendor management segment is anticipated to witness robust growth over the forecast period owing to benefits of these services that allow efficient management of multi-cloud platforms for numerous vendors
  • External brokerage enablement segment delivers multi-tenant cloud delivery and management platform, which assist applications such asdelegated administration, self-service cloud fulfillment, and channel enablement for distributors, cloud service providers, and resellers. This is expected to drive segment growth over the forecast period
  • Prominent players operating in the cloud service brokerage market focus on mergers and acquisitions to deliver high security over multi-cloud platforms and to enhance their regional presence. For instance, BMC Software, Inc. acquired CorreLog, Inc. in October 2018 to deliver real-time security management to its mainframe customers.
 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James

Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: 
sales@grandviewresearch.com
For More Information: 
https://www.grandviewresearch.com


Tuesday 28 April 2020

Leak Detection And Repair Market Analysis & Forecast Report 2025


The global Leak Detection And Repair Market size is anticipated to reach USD 24.47 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 5.4% during the forecast period. Leaking equipment, pumps, valves, and connectors in the oil & gas industry are the major sources of volatile hazardous air pollutants (VHAP) and volatile organic compounds (VOC) emissions. EPA has laid down LDAR regulations for monitoring of such equipment for possible leakages. An LDAR program is a system of procedures that help to reduce emission of VOCs and VHAPs. This program conducts audits of all components in the oil and gas industries and detects changes, if any, such as changes in gas emission level or temperature level.
Methane is a dominant greenhouse pollutant and is considered 80 times more powerful and harmful than carbon dioxide, a major greenhouse gas. In addition, methane contributes approximately 25.0% to global warming. Hence, various governments are introducing regulations and initiatives to reduce methane emissions.
Apart from government initiatives, various oil and gas producers, transmission, and distribution companies in the U.S. are actively collaborating to devise measures and deploy systems to reduce methane emission. Our Nation’s Energy Future (ONE Future) initiative was formed by 8 major U.S. companies (including Southwestern Energy, BHP Billiton Ltd., and Apache Corp.) in 2014 with an emphasis on collectively achieving methane emissions to one percent (or less) of the total natural gas production. Moreover, developments in oil and gas pipeline in countries in Asia Pacific such as China and India, due to rising energy demand, are expected to boost the growth of the market over the forecast period.
Both portable and fixed gas leak detection systems are used to detect leaks in the oil and gas industry. Currently, most of the oil and gas pipelines are equipped with flow rate measurement sensors. In case of a leak, sensors detect drops in pressure. However, according to a report by the U.S. Department of Transportation, these sensors are successful in detecting leaks only around 40.0% of the time.
Further key findings from the report suggest:
  • Low-cost operation, high accuracy, and sensitivity in leak detection, environmental concerns regarding emission of harmful greenhouse gases, and support provided by governments and regional associations are among the primary growth stimulants for the market
  • Presence of the largest oil and gas pipeline network and concentration of major oil and gas producing and refining companies in North America are expected to offer a high-potential market for the deployment of gas leak detection, monitoring, and repair systems over the forecast period
  • Major American and European oil & gas companies are focusing on increasing their presence in Asia Pacific through acquisitions and investments
  • National oil companies in APAC such as Oil and Natural Gas Corporation, China National Offshore Oil Corporation, and Petronas are also expanding their operations to capitalize on the region’s rapidly growing market
  • Latin American Energy Organization (OLADE) is focusing on development of natural gas-based energy generation infrastructure through public-private partnerships. Natural gas is expected to play a vital role in the development.
 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James

Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: 
sales@grandviewresearch.com
For More Information: 
https://www.grandviewresearch.com

Financial Auditing Professional Services Market Research Report by Forecast to 2025


The global Financial Auditing Professional Services Market size is likely to reach USD 190.7 billion by 2025, expanding at a CAGR of 7.4% from 2018 to 2025, according to a new study conducted by Grand View Research, Inc. Introduction of stringent laws and regulations pertaining to auditing and reporting of financial statements by corporates and enterprises is estimated to drive the market over the forecast period.

Changing auditing and reporting practices and trade policies are playing a pivotal role in the growth of the global financial auditing professional market. Accounting, consulting, and auditing firms are responding to situations by aggressively deploying additional resources in order to improve their service delivery models in line with rapidly changing requirements of their clients. They have developed highly-customized service delivery models by combining shared services delivery model, offsite delivery model, offshore development center model, and onsite delivery model in order to meet clients’ requirements as well as to comply with regulatory norms.

Financial audit professional service providers are acquiring technology-based companies in order to develop advanced data analytics capabilities. For instance, in 2018, PricewaterhouseCoopers Hungary Ltd. acquired Data Solutions Kft., a data mining company, as part of efforts to focus on development of data-based products and solutions while Deloitte Touche Tohmatsu Limited acquired Mexia Consulting Pty Ltd, a Microsoft Azure integration consultancy, in order to augment cloud service offerings. Data analytics services are expected to emerge as new sources for revenue generation that can support core business of auditing firms.


Further key findings from the report suggest:
  • The internal auditing segment is anticipated to experience the highest growth over the forecast period as corporates and enterprises emphasize on internal auditing to enable fraud detection and fraud investigation
  • The financial statement audit segment is projected to register the highest CAGR of 7.7% over the forecast period as regulations governing external auditing and reporting of organizations get stringent
  • The BFSI sector is poised to be the most promising end-user segment over the forecast period as internal auditing becomes a common practice among organizations to detect frauds and curb fraudulent activities
  • North America is likely to be the leading revenue contributor in the global financial auditing professional services market throughout the forecast period. It is expected to reach USD 61.04 billion by 2025
  • On the other hand, Asia Pacific is estimated to witness the highest CAGR as multinational corporations (MNCs) continue to invest and expand in the region
  • Key players operating in the financial auditing professional services market include Deloitte Touche Tohmatsu Limited, PricewaterhouseCoopers (PwC), KPMG International, Ernst & Young (EY), Grant Thornton International Ltd., Binder Dijker Otte (BDO) Global, RSM International Association, Mazars, Nexia International Limited, and Moore Stephens International Limited.
 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James

Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: 
sales@grandviewresearch.com
For More Information: 
https://www.grandviewresearch.com

Off-Highway Vehicle Lighting Market is Estimated to Observe 7.0% CAGR till 2025


The global Off-Highway Vehicle Lighting Market size is expected to reach USD 1.31 billion by 2025 expanding at a 7.0% CAGR, according to a study conducted by Grand View Research, Inc. Increased demand for construction and mining equipment and stringent lighting and safety regulations are expected to drive the market. A rise in sales of Class 7 and 8 trucks along with increased awareness regarding the workers’ safety has also contributed to the demand for off-highway vehicle lighting.
Governments across the world are drafting stringent regulations regarding the use of energy-efficient lights in vehicles and for commercial and residential purposes. Regulatory authorities have actively encouraged the ban on the use of High-Intensity Discharge (HID) lamps in many developed countries. For instance, the National Highway Traffic Safety Administration (NHTSA) has prohibited the use of amber stop lamps in tail lights. Similarly, the Canadian government has defined the minimum number of lights required by different vehicle types, such as buses, trucks, and heavy equipment.
Hence, such regulations are expected to bolster the demand for vehicle lighting, especially Light-Emitting Diode (LED) lights. In terms of industry share, Asia Pacific is expected to be the dominant market over the forecast period owing to increasing investments in construction and mining activities across the region. Governments in this region are investing in the development of public, as well as private infrastructure. Such initiatives are expected to result in an increased demand for construction equipment, such as excavators, loaders, and dump trucks; thereby, supporting the vehicle lighting market growth.
In 2017, China accounted for a major share of the Asia Pacific regional market. North America is expected to register a considerable CAGR of 7.8% over the forecast period on account of the presence of major off-highway vehicle lighting manufacturers in this region. The Canadian government has mandated the usage of certain light fixtures, such as light bar, side marker lamps, and high raised lamps, to ensure workplace safety and avoid accidents. This is also likely to contribute to region’s growth in the years to come.
Further key findings from the study suggest:
  • The halogen product segment is expected lead the market by reaching USD 727.8 million by 2025
  • This growth is attributed to a significant rise in the adoption of halogen lights across most of the vehicles
  • The headlight application segment led the market in 2017. Introduction of advanced technologies, such as night vision and laser lights are responsible for the segment growth
  • Asia Pacific is expected to be the largest regional market over the forecast period owing to increased investments in the construction activities by government and private firms
  • Prominent companies in the global off-highway vehicle lighting market are Gogoro, Inc.; HELLA GmbH & Co. KGaA; Magneti Marelli S.p.A.; Grote Industries; and Oracle Lighting
 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James

Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: 
sales@grandviewresearch.com
For More Information: 
https://www.grandviewresearch.com

Monday 27 April 2020

Edge Computing Market - Industry Analysis, Top Players, Revenue and Market Share Report

The global Edge Computing Market size is anticipated to reach USD 43.4 billion by 2027, exhibiting a CAGR of 37.4% over the forecast period, according to a new report by Grand View Research, Inc. 5G technology is expected to act as a catalyst for market growth. Applications using the 5G technology are expected to change traffic demand patterns, enabling technology growth avenues for the telecom providers. The cloud leaders see this as a threat and have started investing in the edge ecosystem by engaging in partnerships with telecom companies. It’s quite evident that 5G and its probable benefits have the potential to create a powerful network based on the technology that is expected to reorganize the industry architecture.

The rise in the adoption of the technology by telecom companies is expected to embrace new opportunities in Multi-access Edge Computing (MEC) market space. MEC allows companies to mitigate network congestion and ensure higher application performance by bringing processing tasks and running applications closer to the cellular customer. Furthermore, the implementation of MEC at mobile base stations or edge nodes is expected to facilitate the rapid and flexible deployment of new services and applications for customers, which promises healthy market growth.

Furthermore, there has been an anticipated wave of micro Edge Data Center (EDC) capacity that differs from the large centralized data centers to support the centralization of hyperscale computing. These data centers are expected to range from small clusters of the edge cloud resources located on a streetlight to a few racks located in a shelter at the base of a cell tower or inside buildings. Additionally, the 5G networks use EDC to provide efficient local data services, which enables the EDCs to redirect edge traffic away from the carrier networks to local public internet networks. Also, various start-ups such as EdgeMicro is in the process of deploying commercial mini data centers for IT computing stack, redundant cooling, fire suspension, and biometric security.

The development of edge Artificial Intelligence (AI) is continually expanding due to the increase in the number of connected devices globally, which is expected to propel edge computing market growth over the next few years. Edge AI is expected to allow real-time operations, including data creation, reducing power consumption, and reduce the costs for data communications for wearable devices and self-driving cars. Various companies such as NVIDIA Corporation; Google Inc.; and Intel Corporation are developing processors specifically designed for the computing technology to accelerate the inferencing process. For instance, Atos SE launched AI-enabled high-performing server based on the technology to manage data. The installed BullSequana Edge Server steadily processes and manages IoT data, close to the source where it is generated.

North America dominated the market in 2019 and accounted for largest share in terms of revenue. The growth is attributed to rising adoption of the technology among manufacturers in U.S. Increasing number of startups developing advanced business solutions based on the technology is driving the market in the region. Asia Pacific is anticipated to witness highest CAGR over the forecast period.


Further key findings from the report suggest:
  • The software segment is envisioned to witness the fastest growth due to large scale deployment of edge computing-based software stack platforms
  • The data center segment is expected to grow the fastest over the forecast period owing to the growing trend to shift from a centralized cloud server to edge server on account of reduced latency
  • The Asia Pacific region is expected to emerge as the fastest-growing regional market owing to the advent of 5G in the region and rising uptake of IoT-backed applications
  • Some of the key players in the edge computing market are Amazon Web Services (AWS), Inc.; Belden Inc.; Cisco Systems, Inc.; Digi International Inc.; Hewlett Packard Enterprise Development LP; Intel Corporation; Microsoft Corporation, and IBM Corporation.
 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James

Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: 
sales@grandviewresearch.com
For More Information: 
https://www.grandviewresearch.com