Technology Market report

Thursday, 9 January 2020

High Performance Computing Market by Atos SE; Advanced Micro Devices, Inc. (AMD); Cray Research, Inc. and Others

The global High Performance Computing (HPC) Market size is expected to reach USD 59.65 billion by 2025, according to a study conducted by Grand View Research, Inc. It is anticipated to expand at a CAGR of 7.2% over the forecast period. High performance computing can be categorized into High Performance Technical Computing (HPTC) and High Performance Business Computing (HPBC). HPTC is widely used in fields like science and engineering. It is particularly used by government and defense agencies, educational and research institutions, and incumbents of manufacturing industry, among others. On the other hand, HPBC is suitable for applications, such as gaming and fraud detection. Logistics companies and providers of financial services, among others, also opt for HPBC. The rising popularity among manufacturing companies, government departments, and defense agencies is particularly driving growth of the HPC market.

High performance computing envisages a cluster of computers that can run long algorithms and solve complex problems and equations at speeds and accuracies higher than those offered by the conventional computing. Previously, HPC was used only by the navigation and aerospace industries. However, diversification of the IT industry, growing adoption of cloud computing, continuous developments in artificial intelligence, and the rising need for business analytics are prompting various end-use industries to adopt HPC.

Data centers particularly require an architecture capable of processing large volumes of data. HPC components can ensure adequate computing power for such data centers. Various other organizations also adopt HPC to process their data at higher speeds and accuracies and to simplify their complex business procedures. Research and academic institutions have also started adopting high performance computing systems to ensure the computational efficiency required during the initial stages of research.

The high computational capabilities offered by HPC systems have paved the way to execute high-end research projects previously deemed impossible. As such, HPC systems can be helpful in several fields, including computational biology, genetics, medicine, structural analysis, geophysics statistics, electromagnetism, nuclear physics, astrophysics, and mathematical modeling, among others. Similarly, the high efficiency offered by high performance computing can help researchers in undertaking research activities in various fields, such as deep neural networks, human genome mapping and modeling, and artificial intelligence, among others.

Vendors of high performance computing are increasingly focusing on delivering enhanced solutions that can cater to various requirements. These solutions may include basic configurations and management tools that are easy to deploy and are capable of adapting to the changing workloads. Although the application portfolio of high performance computing is growing continuously; the looming lack of awareness, budget constraints at small- and medium-sized enterprises, and concerns over data security are some of the factors hindering growth of the high performance computing market.

Browse Details of report @ https://www.grandviewresearch.com/industry-analysis/high-performance-computing-market

Further key findings from the study suggest:

The on-premise segment held the largest market share in 2017. However, the cloud segment is expected to expand at the highest CAGR of over 8.0% over the forecast period owing to the benefits, such as cost-effectiveness, scalability, ease of deployment, and stronger security associated with cloud deployment
The government and defense segment held the largest market share in 2017 and is also expected register the highest CAGR over the forecast period. This growth can be attributed to rising adoption of HPC in surveillance, aircraft simulation, and encryption and decryption of confidential information
North America is anticipated to witness a significant growth over the forecast period. New supercomputing facilities are coming up in the region in line with the advances in technology, which bodes well for the regional market growth. U.S. is home to the top-5 supercomputers and the U.S. HPC market held the largest market share of over 60% in 2017 and is expected to lead the regional growth over the forecast period
The high performance computing market is highly consolidated and competitive. Atos SE; Advanced Micro Devices, Inc. (AMD); Cray Research, Inc.; Dell Technologies, Inc.; and Cisco Systems, Inc. are some of the leading market players
Key industry players are striking partnerships and collaborating with each other as part of their efforts to strengthen their market position. For instance, in September 2017, Cray Research Inc. entered into a strategic partnership with Seagate. The partnership envisages the former procuring drives, containers, controllers, and other components related to the high performance computing technology from the latter.

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Image Recognition Market Trends, Growth Opportunities and Overview Report

The global Image Recognition Market size is expected to reach USD 77.69 billion by 2025, according to a new report by Grand View Research, Inc., reporting a 19.2% CAGR during the forecast period.

Image recognition technology plays a crucial role in information technology (IT) and online visual revolution, owing to growth in digitization. Rising popularity of media cloud services and mobile devices equipped with cameras has resulted in the growing trend of experience sharing on the web. This, in turn, has resulted in increased digital data, particularly unstructured multimedia data, which majorly comprises images and videos.

Images and videos reflect a good part of human conversations, interactions, and knowledge, which have led to substantial opportunities to create new products, applications, and use cases. This has driven the growth of image recognition technology. However, large storage requirement for multimedia data and analyzing low-resolution images may pose a challenge to the growth of market.

Image recognition technology detects and identifies objects and features in a digital image and works with the help of various types of algorithms, such as optical character recognition, pattern matching and gradient matching, and face recognition, which are being developed on a daily basis. It has numerous applications such as publishing, traffic management, advertising, e-commerce, and security. Image recognition technology has witnessed several opportunities, such as big data analytics and effective branding of products and services, owing to the extending reach of image database. Some of these databases, such as ImageNet and Pascal VOC, are freely available. The database contains millions of keyword-tagged images that describe objects present in the image. It forms the basis for image recognition and enables computers to accurately and quickly identify objects in the picture.

Rising popularity of image recognition technology is encouraging manufacturers to invest in research and development for creating reliable, cost-effective, and improved products and solutions. Existing players are continuously making substantial investments to develop new products for providing enhanced user experience.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/image-recognition-market

Further key findings from the report suggest:

Easy Internet accessibility, along with growing popularity of social media, has led to growth in demand for image recognition technology
Rising use of smartphones and large investments made by smartphone vendors such as Huawei and Apple to add AI capabilities to their smartphones are fueling market growth
Increasing demand of the virtual market and rising number of unstructured multimedia data are creating immense market potential for image recognition solutions
Growing integration of image recognition and mobile computing platforms in various applications such as digital shopping and document verification are propelling market growth
Key industry participants include Catchoom (Spain); Google, Inc. (U.S.); LTU Technologies (France); NEC Corporation (Japan); and Qualcomm Incorporated (U.S.).

E-Waste Management Market to Attain 63.7 Million Metric Tons by 2025

The global E-Waste Management Market generated is expected to reach 63.705 million metric Tons by 2025, according to a study conducted by Grand View Research, Inc. The rising disposable income in developing countries coupled with consumer’s inclination toward technologically advanced gadgets have resulted in the significant sales of electronic devices across the globe, thereby driving the e-waste management market.

Furthermore, with the increasing use of electronic devices across the world, the amount of waste generated has also substantially increased over the years. The disposal of e-scrap has become a key concern for developing as well as developed economies since health hazards associated with e-scrap landfill and incineration are considerable. Hence, the need to manage and recycle this waste is expected to emerge as a primary need for numerous nations worldwide, which, in turn, is expected to positively impact the growth of the e-waste management market over the next nine years.

Additionally, a majority of nations across the globe have regulated electronic scrap generation and their treatment procedures. For instance, the European Union (EU) has authorized all electronic goods manufacturers to undertake the responsibility for the treatment of end-of-life products. A few of these regulations include the Restriction of Hazardous Substances Directive (RoHS), the Basel Convention, and the Waste Electrical and Electronic Equipment Directive (WEEE), among others. Waste management initiatives and programs also help in job creation and imparting technological knowledge, thus aiding in poverty alleviation and enhanced health conditions.

However, high costs associated with e-waste recycling are expected to hinder the market growth. Moreover, the procurement of high-end machinery to effectively recycle the scrap coupled with instructing the workers about the meticulous execution of every step remain to be the major hurdles in the growth of the e-waste management market. However, increasing the awareness about the hazardous effects of e-waste on human health along with strict regulations concerning the generation and treatment of e-waste in a majority of countries are expected to reduce the effect of these challenges over the forecast period.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/e-waste-management-market

Further key findings from the study suggest:

The global e-waste management market stood at 44.69 million metric tons in 2016. Increasing government regulations regarding adequate e-scrap treatment along with increasing mid-income population in developing economies
The metal segment accounted for the highest market share in 2016. Electronic components are mainly made up of metals that are used for various purposes such as tracks in PCBs and peripheral equipment, which, in turn, is anticipated to drive the segment growth over the forecast years.
The consumer electronics segment held the highest market share in 2016. The rising disposable income coupled with falling prices of consumer electronics are key reasons that are positively affecting the consumer electronic market.
The disposal segment held the highest market share in 2016. However, the recycling segment is anticipated to grow at a substantial CAGR of over 3.0% owing to programs undertaken by numerous governments and NGOs that focus on effective collection, treatment, and recycling of e-scrap.
Prominent market participants include Electronic Recyclers International, Inc., Enviro-Hub Holdings Ltd., MRI (Australia) Pty Ltd., Sims Recycling Ltd., Umicore S.A., and Waste Management, Inc., among others.

Wednesday, 8 January 2020

Air Traffic Control Equipment Market by Top Key Players and Growth Prospects

The Global Air Traffic Control (ATC) Equipment Market is expected to reach USD 4.23 billion by 2020, according to a new study by Grand View Research, Inc. Need for construction of new airports, and expansion & modernization of the existing ones to address increasing passenger & freight traffic is expected to increase air traffic control equipment demand. Advancements in microelectronics have provided ample growth opportunities for the air traffic control equipment market and further innovations in the domain are expected to buoy market growth over the forecast period.

Owing to continuous need for monitoring air traffic, interruption in the activity is not feasible which makes replacement of obsolete ATC equipment a cumbersome task. In order to maintain the flow of traffic monitoring, new equipment is operated in parallel with the existing one before the latter is phased out completely, which poses a challenge to air traffic control equipment market growth.

Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/air-traffic-control-equipment-market

Further key findings from the study suggest:

The communications air traffic control equipment market accounted for a high revenue share in 2013 and the trend is expected to continue throughout the forecast period owing to increased need for replacement of obsolete equipment with new ones equipped with enhanced digital data communication.
The military aircraft segment is expected to witness high demand throughout the forecast period owing to the mission-critical nature of the domain. In October 2014, Aquila, a joint venture between Thales and NATS was awarded a USD 2.36 billion contract by the UK Ministry of Defense (MOD) for transforming terminal air traffic management at military airfields.
Europe and North America were the major air traffic control equipment regional markets in 2013, which can be attributed to increased government efforts pertaining to securing air traffic and aircraft. Asia Pacific is expected to witness high growth due to increased initiatives for efficient infrastructure.
Leading players in the air traffic control equipment market have emphasized heavily on the enhancing equipment reliability to address minimum tolerance levels. Incorporation of effective collision avoidance system in ATC equipment is expected to be a key focus area for countering increased air traffic. Manufacturers and developers upgrade landing and navigation aids periodically to maintain safety and improve efficiency.

Furniture Market – Current Trends and Emerging Growth

The global Furniture Market size is expected to reach USD 718.3 billion by 2025, according to a study conducted by Grand View Research, Inc. It is projected to expand at a CAGR of 5.1% over the forecast period. High demand for branded home furniture coupled with rising spending capacity of consumers on home decor products are some of the driving factors for the growth of this market. Additionally, government initiatives to provide housing for all is also expected to positively impact the growth. For instance, since the last few years, Germany has witnessed immigration of various refugees and migrants resulting in rising demand for housing or shelter. Owing to this, the government of Germany is encouraging public and private developers to build new rental flats to solve the issues like shortage of affordable housing, resulting in a supplementary demand for furniture products.

The commercial segment includes hotels, offices, and other public buildings. It held a market share of more than 30.0% in 2017 and is anticipated to register substantial CAGR over the forecast period. This growth is attributed to extensive industrialization due to expanding development of corporate offices and hotels. For example, India is one of the key countries witnessing an extensive establishment of IT parks.

Furthermore, increasing job opportunities and employment across the globe creates a need for additional office spaces, which subsequently fuels demand for office furniture. This is also a prominent factor expected to bolster growth of the furniture market. Companies are adopting innovative furniture to enhance workforce productivity and to inculcate creativity in workspace. For instance, in March 2017, Microsoft Corporation announced its collaboration with Steelcase. Steelcase offers a diverse range of architecture, furniture, and other technology products. This collaboration was intended to introduce creative and modern furniture in the work space with a view to boost productivity and creative thinking.

Additionally, growing global population has led to a requirement for an increase in the number of schools, colleges, and other educational institutions, resulting in rapid infrastructural growth. The growing demand for furniture from the hospitality industry is also a key factor boosting growth of the commercial segment. Furthermore, rising requirement for furniture from restaurants, coffee shops, and bars, among others is expected to accelerate market growth. Increasing global competition, high cost of raw material processing and labor, and ageing workforce are some of the key challenges likely to hinder market growth.

The residential segment in North America is expected to expand at the highest CAGR over the forecast period owing to the presence of key players offering luxurious interior design products. Consumer inclination towards purchasing luxury furniture can further drive the regional demand. Additionally, increasing adoption of modern furniture and the growing popularity of online distribution channels that offer convenience and time-saving during furniture purchase are anticipated to fuel growth. Furthermore, growing demand for multi-functional products, in addition to the rising awareness about environmental concerns and the use of eco-friendly products are anticipated to gain prominence in U.S.

Middle East is expected to witness significant growth over the forecast period owing to boosming commercial and industrial sectors. The government of Kuwait has invested substantial amount of capital in the construction of public hospitals and other healthcare infrastructure. Additionally, increasing investments from private and public sectors aimed at expansion of commercial and residential construction projects in the country is another factor contributing to market growth.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/furniture-market

Further key findings from the study suggest:

In 2017, the wood furniture segment accounted for more than 30% market share in terms of revenue attributed to usage of wood in combination with other materials for the production of different furniture products. For instance, objects classified as metals also use wooden components or wood in furniture fittings.
Middle Eastern and African is also anticipated to witness substantial growth over the forecast period accredited to growing residential and commercial construction industry
The furniture market is highly fragmented and has an array of players across different regions holding varied market shares. Major players include Herman Miller, Inc.; Kimball International; HNI Corporation; and KOKUYO
These players engage in partnerships and collaborations with a view to expand their market presence. For instance, in June 2018, HNI Corporation announced partnership with Nowy Styl Group, a Europe-based manufacturer of office furniture and chairs. As a result of this partnership, both companies expect to establish a homogenous support and service network to ensure consistency in client services and solutions.

Enterprise Search Market by HP Autonomy, Google Inc., SharePoint Search etc

The global Enterprise Search Market is expected to reach USD 8.90 billion by 2024, according to a new study by Grand View Research, Inc. The increasing demand for solutions offering time-saving data search capabilities is expected to be a key factor driving the market growth over the next eight years. The growing need to efficiently supervise large volumes of data in an organization in order to improve the operational efficiency is propelling the adoption of enterprise search solutions. These solutions offer an enhanced security layer, allowing access to information only for the authorized personnel. This is also promoting the market growth over the forecast period. The increasing demand for several value-added services, along with the search capabilities, is encouraging the adoption of enterprise search solutions in the organization with large changes in operational practices.

Technological advancements and the emergence of cloud computing and Software as a Service (SaaS) are driving the adoption of hosted enterprise search solutions in the small and medium enterprises. Added benefits offered by these solutions, including low maintenance and reduced installation cost, along with minimum technical support, are positively impacting the market growth. The trend is likely to continue in the near future as well. However, the availability of the open source free enterprise search solution may pose a challenge to companies operating in the market.

Google, Inc. (Google Search Appliance), HP Autonomy (Verity), SharePoint Search (Acquired by Microsoft), and IBM corporation are the leading players dominating the market. However, Microsoft Corporation has recently stopped the commercialization of standalone products, namely ‘Fast’ and ‘Transfer’. The large numbers of enterprises are using enterprise search platforms ‘Fast’ and ‘Transfer’ in the current scenario.

Browse Details of Report @

http://www.grandviewresearch.com/industry-analysis/enterprise-search-market

Further key findings from the study suggest:

Banking and financial services are expected to be a high-growth segment; in 2015, it accounted for over 33% of the enterprise search market. Data sharing and interconnectivity are expected to be the key factors driving growth across this segment
The large enterprises end-use segment is expected to dominate the market over the next eight years.This can be credited to the increasing need to search for accurate data across a vast database extracted from different sources. The pay-per-use model offered by the cloud (SaaS) enterprise search solutions providers is expected to have a wide adoption across the small and medium enterprises at a rate higher than the global average over the forecast period
North America emerged as a market leader in terms of market revenue and accounted for over 35% of the global enterprise search market in 2015. Technological advancements along with the presence of the key market players have contributed to the regional market growth
The key industry participants include HP Autonomy, Google Inc., SharePoint Search (Acquired by Microsoft), and IBM Corp. Strategic collaborations, in order to provide mass market solutions while serving the niche markets, remain a strategic initiative that is followed by the leading players

Tuesday, 7 January 2020

Screenless Display Market by Google, Displair, Avegant, and Vuzix

The global Screenless Display Market size is expected to reach USD 5.59 billion by 2020, according to a new report by Grand View Research, Inc. These devices came into progress during the year 2013 with the arrival of products such as virtual reality headsets, holographic videos, mobile phones for the elderly, retinal displays, bionic contact lenses, etc.

Proliferation of external monitors, reading devices and mobile phones with large screens serve as key enablers for the industry. As screenless display cost associated with procurement and deployment of the technology reduces, its application will witness exponential growth across industry verticals. Companies are investing in research and development to innovate products such as screenless computers, tablets, televisions and mobile phones.

Screenless displays offer an interactive projection technology developed to solve the issues related to device miniaturization of modern communication technologies. The lack of space in screen-based devices provides an opportunity for screenless display industry growth and development. High system cost may act as a growth restraint.

Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/screenless-display-market

Further key findings from the study suggest:

Visual image screenless display market is expected to dominate revenue over the forecast period, which can primarily be attributed to high demand for hologram technology. The limitation of conventional 3D displays is that the observer has no freedom of head movement or the freedom to increase information about the 3D objects being projected. Such limitations are overcome by holographic technology, which allow freedom of movement to the user.
Consumer electronics accounted for over 40% of the overall revenue in 2014, and is expected to remain the largest application segment over the next few years. Virtual reality and augmented reality are upcoming fields wherein the technology finds considerable application.
North America screenless display market is expected to remain the industry leader, primarily due to presence of key participants. Manufacturers are constantly developing and enhancing the technology to make it more sophisticated and to integrate it with consumer-grade devices. Google and Vuzix have aimed to increase adoption of smart wearable technology among consumers. Holographic video development is being carried out in MIT’s Media Lab.
Notable players involved in R&D include Avegant, Google, Kapsys, Displair, etc. Optical technology helps project images and data from computers or video players into the viewer's visual field. For instance, MicroVision’s HMDs allow Army tank commanders to view the surrounding area from topside while simultaneously viewing a translucent map that floats a couple of feet away. This industry is characterized by M&A activities and strategic alliances to boost technology development.