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Demand for Floor Care Machines Market from Major End-use Sectors to Increase in the Near Future

The global value of floor care machine reached ~US$ 3.8 Bn in 2018, discloses the recent report on the floor care machine market by PMR. As per the research, the floor care machine market is estimated to grow at ~3% CAGR during the forecast period. Growing demand for floor care machines from the industrial sector is expected to drive the growth of the floor care machine market during the forecast period.

According to the analysis and detailed study, integration of innovative technologies in floor care machines to get them accustomed with futuristic automated products has positively impacted the growth of the floor care machine market. Furthermore, high demand for floor care machines for industrial and commercial applications is directly contributing to the expansion of the floor care machine market over the forecast period.

Substantial demand for scrubbers and vacuum cleaners is fueling the growth of the floor care machine market during the forecast period. The market value for global floor care machine market is anticipated to be ~US$ 4 Bn by the end of 2019, as indicated by PMR’s market analysis.

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M&A Remain a Priority for Key Market Players

Merger and acquisition strategies are executed by manufacturers in order to stay afloat in the intense market competition. Furthermore, manufacturers are aiming to expand their manufacturing facilities for floor care machines, which is expected to drive market growth during the forecast period. For instance, in January 2019, Tennant Company acquired Gaomei Cleaning Equipment Company, based in Hefei, China. It is a renowned company involved in the development and manufacturing of cleaning equipment and solutions for industrial and commercial applications.

Stable Demand from the Industrial Sector Sustaining Market Revenues

According to PMR’s detailed analysis, prominent market players in the floor care machine market are providing floor care machines with distinctive properties, on the basis of machine type, such as burnishers, scrubbers, sweepers, filters & vacuum cleaners, and specialty cleaning equipment. Concentrated demand for floor care machines is from the industrial sector, followed by commercial, and indicates significant growth in the floor care machine market growth throughout the forecast period.

Leveraging IoT (Internet of Things) for Hygienic Indoor Environment

A spectacular drift is observed in the sector, with the manufacturing of floor care machines, where clean environment remains a prominent focus. Widespread efforts to improve hygienic conditions and health of occupants have led to the introduction of IoT to monitor atmosphere inside the work shed area. Hence, innovative floor care machines are expected to develop at a rapid pace.

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Floor Care Machine Market: Vendor Insights

PMR’s research report also highlights innovative insights about the viable setup of the floor care machine market and characteristic approaches of key market participants. Some prominent market players are

  • Nilfisk Group 
  • Alfred Kärcher GmbH & Co. KG
  • Tennant Company
  • Hako Group
  • EUREKA S.p.A. Unipersonale
  • Fimap S.p.A.
  • International Cleaning Equipment
  • Comac S.p.A.
  • Clemas & Co. Limited
  • Tornado Industries

Significant players of the floor care machine market are implementing several strategies associated with demand from customers and manufacturers. Substantial expansions, innovations, and R&D investments to improve product portfolio are seen in the market. For example, in March 2017, Alfred Kärcher GmbH & Co. KG introduced a new walk-behind scrubber drier BD 30/4 C with disc technology.

Owing to factors such as urbanization, speedy industrial growth, integration of advanced technologies, and stable political background in the region, North America is estimated to hold a significant value share in the global floor care machine market over the forecast period. Presence of key market players in the region and merger, acquisition, and collaboration activities are major factors boosting the growth of the floor care machine market in North America.

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Inflated Adoption of Business Continuity Management Planning Solution Market to Fuel Revenue Growth During the Forecast Period

Persistence Market Research (PMR) has released a new market study on the business continuity management planning solution market, which includes the global industry analysis 2014 – 2018 and forecast 2019–2029. The report studies the global business continuity management planning solution market and offers an in-depth analysis for the next ten years.

The global business continuity management planning solution market was valued at ~ US$ 300 Mn in 2014, and is expected to surpass ~ US$ 400 Mn by the end of 2019. The business continuity management planning solution market is expected to grow at a CAGR of ~ 13% between 2019 and 2029, and is estimated to reach a global value of ~ US$ 1.6 Bn by the end of 2029.

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The report on the global business continuity management planning solution market contains vital macroeconomic and forecast factors that are estimated to drive the growth of the global business continuity management planning solution market. The report on the business continuity management planning solution market also discusses the restraints that are expected to hamper the global market, along with potential opportunities and latest trends in the market across the value chain.

Emerging Data Recovery Solutions to Boost Market Growth

By component, the global business continuity management planning solution market is segmented into software/platform and services. However, services in business continuity management planning solutions can be further divided into professional service and managed service. Professional service is future divided into consulting service, implementation and integration service, and training service. Moreover, software/platform in business continuity management planning solution can enable users to protect enterprise data from natural as well as manmade disasters.

By application, the business continuity management planning solution market is segmented into business continuity and disaster recovery, data center and data center networking, governance risk and compliance (GRC), and risk management. The business continuity and disaster recovery segment of the business continuity management planning solution market is estimated to remain prominent in the global market owing to an emerging awareness regarding data protection and data recovery across the globe. The inherent aim behind the installation of business continuity management planning solutions is to provide resilience. Therefore, many companies are shifting towards adoption of cybersecurity solutions to secure data on the cloud without the risks of cyber threats.

By industry, the global business continuity management planning solution market is segmented into BFSI, healthcare, retail, telecom & IT, media & entertainment, travel & hospitality, transportation & logistics energy & utility, and others. The BFSI segment is projected to remain significant in the business continuity management planning solution market throughout the forecast period.

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By region, the business continuity management planning solution market has been segmented into seven regions, namely North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. In these regions, East Asia and Europe are estimated to grow with a paramount share in the global business continuity management planning solution market over the stipulated time period. However, North America and South Asia are also representing healthy potential for the business continuity management planning solution market owing to the new business opportunities in their respective regions.

Tier-3 Players in the Market to Account for 20% Revenue Share

The global business continuity management planning solution market is characterized as consolidated owing to the presence of a limited number of solution providers of business continuity management planning across the globe. For in-depth analysis, PMR has broken down the market structure up to three levels: Tier 1, Tier 2, and Tier 3. Here, Tier 3 players are estimated to account for a 20% share in the global market of business continuity management planning solution across the world. Moreover, leading players in the global business continuity management planning solution market are adopting business expansion, acquisition, and collaboration strategies in a bid to capture a significant share of the global market.

  • In October 2018, Arcserve revealed Arcserve business continuity cloud, the fully-integrated and cloud-born solution to stop the influence of unplanned downtime by rapidly restoring systems, critical data, and applications in the business continuity management planning solution market.
  • In September 2018, Dell EMC introduced enhanced solutions for modern service providers to help expand enterprise edge service delivery, accelerate Telco cloud adoption, and enhance analytics to create more revenue opportunities and improve operational efficiency in business continuity management planning solution market.

 

Some of the key players identified across the value chain of the global business continuity management planning solution market include

  • Arcserve   
  • Dell EMC
  • Continuity Logic
  • CloudAlly
  • Fusion Risk Management, Inc.
  • Lockpath, Inc.
  • Quantivate, LLC
  • Rackspace US, Inc.
  • StorageCraft Technology Corporation
  • VMware
  • MetricStream Inc.
  • RecoveryPlanner.com
  • Strategic BCP, Inc.
  • Sungard Availability Services
  • Synology Inc.

 

 

 

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Heavy Electric Vehicle Industrial Equipment Charging Market Status And Business Outlook Through 2028

The change during the COVID-19 pandemic has upgraded our reliance on trend setting innovations, for example, augmented reality, virtual reality, and the industrial internet of things. The unfulfilled money related targets are convincing the associations to embrace robotization and cutting edge innovations to remain ahead in the market rivalry. Organizations are using this open door by distinguishing day by day operational needs and teaching robotization in it to make a computerized framework as long as possible.

Persistence Market Research has recently published a market research report titled “Heavy Electric Vehicle and Industrial Equipment Charging Market – Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028.” A major trend in the heavy electric vehicle and industrial equipment charging market is that the leading market participants are emphasizing on research and development activities for the development of innovative heavy electric vehicle and industrial equipment charging solutions and to improve the production process of heavy electric vehicle and industrial equipment charging solutions to decrease operational costs.

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Key players are focusing on increasing their shares in the global heavy electric vehicle and industrial equipment charging market by entering into strategic partnerships and joint ventures with regional players. In addition, major market players are also expanding their global presence via acquisitions and mergers with regional distributors.

Leading companies in the global heavy electric vehicle and industrial equipment charging market are sanctioning heavy investments to accelerate their research and development. These market players are focused on enhancing their global heavy electric vehicle and industrial equipment charging market shares by introducing upgraded solutions. Focus on product innovation and emphasis on sales via direct distribution are the key differentiating factors that are enabling market players to enhance their market shares in the global and regional heavy electric vehicle and industrial equipment charging markets.

The global heavy electric vehicle and industrial equipment charging market is estimated to offer a total incremental opportunity worth US$ 7,571.7 Mn during the forecast period of 2018 to 2028. In the global heavy electric vehicle and industrial equipment charging market report, Persistence Market Research has segmented the global heavy electric vehicle and industrial equipment charging market by technology, application, end use, capacity, and region.

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Inductive charging technology for heavy electric vehicle and industrial equipment charging is a prominent segment in the global heavy electric vehicle and industrial equipment charging market, and is expected to remain prominent throughout the forecast period as compared to the resonant inductive charging technology.

The heavy electric vehicle and industrial equipment charging market in North America is estimated to feature the most attractive incremental opportunity during the forecast period, followed by the East Asia market. The South Asia heavy electric vehicle and industrial equipment charging market is estimated to record the second highest CAGR after the North America market.

It is estimated that energy utilization by the total world population will increase by 48% by the end of 2040. Most of this demand is expected to originate from the Middle East, Africa, Europe, and Asia. Hence, this consistently expanding demand for energy will promote the demand for heavy electric vehicle and industrial equipment charging, thereby, boosting the volume sales of heavy electric vehicle and industrial equipment charging during the forecast period.

Governments of various nations, such as the US, China, and India, have decided to increase their budget for transmission facilities as they plan to strengthen their transmission and distribution infrastructure. In addition, the establishment of intelligent power distribution and control networks is expected to augment the demand for heavy electric vehicle and industrial equipment charging, which, in turn, is expected to drive the global heavy electric vehicle and industrial equipment charging market.

The rapid development of various power-supply technologies, increasing investments & deployments of power grids, and the ever-rising demand for efficient power transmission & distribution are some of the major factors driving the global heavy electric vehicle and industrial equipment charging market. Furthermore, the ageing power transmission and distribution infrastructure in developed economies is expected to fuel the need for new installations of heavy electric vehicle and industrial equipment charging solutions with advanced features to facilitate better functionality.

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Company Profiles

  • Electreon
  • WiTricity Corporation
  • Greenlots
  • Delta Energy Systems
  • Momentum Dynamics
  • WAVE INC.

Our unmatched research methodologies set us apart from our competitors. Here’s why:

  • PMR’s set of research methodologies adhere to the latest industry standards and are based on sound surveys.
  • We are committed to preserving the objectivity of our research.
  • Our analysts customize the research methodology according to the market in question in order to take into account the unique dynamics that shape the industry.
  • Our proprietary research methodologies are designed to accurately predict the trajectory of a particular market based on past and present data.
  • PMR’s typical operational model comprises elements such as distribution model, forecast of market trends, contracting and expanding technology applications, pricing and transaction model, market segmentation, and vendor business and revenue model.

 

 

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Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

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Revenue from the Sales of Refractive Optical Elements Market to Exhibit Prominent Growth During 2018–2026

Refractive optical elements continue to find maximum applications in semiconductor manufacturing. Attractive opportunities are likely to reside in the laser material processing segment. “While both are forecast to hold a collective share of just-under 1/3rd of the total market value in 2020, the applications in metrology and fiber and waveguide coupler also account for significant individual value shares in the market,” says a senior market research analyst at Persistence Market Research.

At an estimated yearly growth of just-over 8.5% in the revenue, the global refractive optical elements market is likely to cross the valuation of US$ 300 million in 2020 – indicates a recently published research intelligence report by the company.

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The study offers an excellent sales outlook for micro lens array that currently contributes around 80% share to the market value. Refractive homogenizer on the other side is rapidly gaining ground, as per the report projections.

ICT & Telecom Contribute Heavily to Market Value

Predominantly driven by the demand in semiconductor manufacturing and laser material processing, the sales of refractive optical elements are likely to expand at a robust pace over the upcoming years.

Telecommunication and electronics & semiconductors remain the top end use industries registering maximum consumption of refractive optical elements, and are likely to account for nearly 50% of the global revenue of refractive optical elements market, estimated for 2020.

The report points to healthcare and energy domains maintaining the moderately growing consumption of refractive optical elements.

Europe Atop the Refractive Optical Elements Market

The regional outlook analysis reveals that with a cumulative revenue share of more than 40% in the global market, Europe and North America continue to dominate the global landscape. China and SEAP are projected to represent the next important regional markets for refractive optical elements.

While a growing number of businesses entering the micro-optics space, refractive optical elements manufacturers are witnessing positive revenue growth prospects in recent years. Europe, the largest regional territory for such businesses, is however observing an additional boost by the emergence of a large number of venture capitalists directing their investments to SMEs operating in refractive optical elements landscape.

Growing government expenditure on micro-optics R&D is also identified to favor the penetration of refractive optical elements across various regions, especially in emerging regional markets. Another factor projected to support sales of refractive optical elements across SEAP, particularly China, is strong market presence of Tier 1 manufacturers of consumer electronics and semiconductor devices. The report points to attractive growth prospects for Latin America and MEA, attributed to an improving R&D scenario.

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Research Prompts at Strong Demand Potential for Refractive Optical Elements

An ongoing R&D project at SEAS (the Harvard John A. Paulson School of Engineering and Applied Sciences) is targeting the development of a metacorrector that effectively addresses the loopholes left by a majority of conventional methods used for aberration correction. The metacorrector technology intends to surpass the material limitations of the lenses that often hinder the final performance, and thus makes use of traditional diffractive and/or refractive optical elements – delivering improved performance.

This and more such R&D ventures are likely to introduce high potential revenue generation avenues for manufacturers consistently striving for innovations in micro-optics components, including refractive optical elements.

Moreover, the prevailing university spinoffs and a growing number of entry-level companies foraying into the Tier 3 space of refractive optical elements landscape are more likely to boost production as well as revenue growth of refractive optical elements market at a global level.

Companies covered in Refractive Optical Elements Market Report

Company Profiles

  • Fraunhofer IOF
  • Jenoptik AG
  • Broadcom Inc.
  • SÜSS MicroTec SE
  • Sintec Optronics Pte Ltd.
  • LightTrans GmbH
  • HOLO/OR LTD.
  • RPC Photonics
  • SILIOS Technologies
  • Axetris AG
  • Others.

 

 

About us:

 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

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Global Life Insurance Policy Administration Systems Market to Exhibit Considerable Growth in Demand During 2018–2026

According to a recent market report published by Persistence Market research titled, “Life insurance policy administration system Market-Global Industry Analysis 2013–2017 and Forecast 2018–2026,” the life insurance policy administration system market was valued at US$ 4,482.0 Mn in 2017, and is expected to register a CAGR of 12.0% from 2018 to 2026. The need to remain up-to-date and its feature to maximize the ability to respond to changes in the business are among the major factors driving the life insurance policy administration system market.

A life insurance policy administration system is a system that provides end-to-end lifecycle management of individual, group life and pension products. Thus, it is a software that helps insurers manage life and annuity insurance policies. With the help of a life insurance policy administration system, organizations can maintain a record of the policies issued by them to clients, calculate policy costs, as well as design new policies. A life insurance policy administration system can improve the flexibility and administration of different insurance policies. Moreover, it can be implemented as a part of an integrated insurance suite or as a standalone solution.

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The life insurance policy administration system market is categorized on the basis of deployment type, component, policy administration category, end-user, module, and region. On the basis of deployment type, the life insurance policy administration system market is segmented into SaaS and on-premise. The revenue contribution from the SaaS segment in the life insurance policy administration system market is expected to expand at a CAGR of 13.0% during the forecast period.

Based on component, the life insurance policy administration system market is segmented into software and services. The services segment is further divided into professional services and managed services. The services segment in the life insurance policy administration system market is estimated to register a CAGR of 13.2% during the forecast period.

On the basis of policy administration, the life insurance policy administration system market is segmented into policy lifecycle, underwriting, contract changes, claim settlement, user experience, and others. The revenue contribution from the user experience segment in life the insurance policy administration system market is expected to expand at a CAGR of 13.7% during the forecast period.

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On the basis of end-user, the global life insurance policy administration system market is segmented into insurance companies, banks, and others. The insurance companies segment is expected to dominate the life insurance policy administration system market and enjoy a market share of 68.0% in 2018 and 70.3% in 2026.

On the basis of module, the global life insurance policy administration system market is segmented into customer relationship management, product development, training & development, business intelligence, and others. The business intelligence segment in the life insurance policy administration system market is expected to grow from US$ 560.9 Mn in 2018 to US$ 1,579.7 Mn in 2026 owing to the high CAGR associated with it.

This report also covers the trends driving each segment and offers analysis and insights regarding the potential of the life insurance policy administration system market in regions such as North America, Latin America, Europe, China, Japan, South East Asia, and the Middle East & Africa. Among these regions, Europe is projected to exhibit relatively high growth in the global life insurance policy administration system market, registering a CAGR of 15.5% over the forecast period. Revenue from the life insurance policy administration system market in North America and Europe is expected to collectively account for over 46.7% of the global life insurance policy administration system market revenue in 2018. Life insurance policy administration system market providers can focus on expanding across several countries in the China and SEA & other of APAC regions.

 

Key competitors in the life insurance policy administration system market are

  • Oracle Corporation
  • Accenture plc
  • InsPro Technologies LLC
  • Concentrix Corporation
  • DXC Technology Company
  • Infosys Limited
  • SAP SE
  • Capgemini SE
  • Mphasis Wyde
  • EXL
  • Sapiens International Corporation
  • Majesco
  • Andesa Services
  • FAST Technology
  • Others.

 

 

About us:

 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

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Us Emergency Management Services Market to Generate Profitable Avenues for Existing Companies as Well as New Players

According to a recent market report published by Persistence Market Research titled, “Emergency Management Services Market: U.S. Industry Analysis and Forecast, 2016–2024”, the U.S. emergency management services market was valued at US$ 7,100 Mn in 2015, and is expected to register a CAGR of 7.8% from 2016 to 2024. The market will be valued at 13,954 Mn at the end of the forecast period in 2024.

Market dynamics

An increase in aging population in the U.S. and increasing number of people residing in more densely populated urban and coastal areas results in higher concentrations of individuals and assets in a particular area which increases vulnerability due to impact from severe weather and other calamities. This is a major factor which drives the U.S. emergency management services market.

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In addition, growing levels of threats related to increased disaster, terror attacks, biological hazards, and shootings in the U.S. are expected to drive growth of the emergency management services market in the U.S. to a significant extent in the near future. Increase in complexity and uncertainty of disasters and uncertainty in government budget allocation are the key factors expected to restrain the growth of the U.S. emergency management services market over the forecast period.

A growing number of smart city initiatives in the U.S. is anticipated to create lucrative opportunities for various key players operating in the U.S. emergency management services market over the next eight years. Also, big data and analytics solutions can be utilized to analyze the vast volumes of data generated and gathered during disaster response activities and be effectively validated in order to plan and implement efficient measures to respond to such calamities. These are some of the trends likely to govern the U.S emergency management services market in the near future.

Market forecast

The U.S. Emergency management services market is categorized on the basis of professional services offered, by end user vertical and private end user vertical. On the basis of professional services, the market is segmented as consulting services, emergency operation services, training and simulation services and public information services. The emergency operation services sub-segment was valued US$ 4.23 Bn in 2015 and is anticipated to register a CAGR of 8.7% during the forecast period.

On the basis of end user vertical, the U.S. Emergency management services is segmented as federal government, state government, local government, and private sector.

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Under the private sector end user vertical the market is sub-segmented into BFSI, healthcare, hospitality, media entertainment, transportation and logistics, telecom and IT, utilities and others. Under private end user vertical, telecom and IT sub-segment accounted for highest market share and was valued at US$ 1.06 Bn in 2015 and is expected to register a CAGR of 9.9 % during the forecast period. Under end user vertical, private sector is accounted for the highest market share in 2015, occupying 65% share of the U.S. emergency management services market.

This report also covers trends driving each segment and offers analysis and insights regarding the potential of the U.S. emergency management services market.

Competitive landscape

Some of the key Technology Service Providers identified in U.S. emergency management services market are IBM Corporation, Atos SE, Hexagon AB, TETRA TECH, INC., Science Applications International Corporation (SAIC), Honeywell International Inc., and Leidos Holdings, Inc.

 

Some of the prominent Emergency Management Consulting Firms identified in U.S. emergency management services market are West Central Environmental Consultants, Inc., Dewberry, Dynamiq Strategy Pty. Ltd, HSS Inc., ICF International, Inc., Willdan Group, Inc., Hagerty Consulting, Witt O’ Brien, and Obsidian Analytics, Battelle National Biodefense Institute.

 

 

About us:

 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

Contact us:

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Consumer Cloud Storage Services Market Size & Growth: Quality, Reliability, and User Demands by 2026

Persistence Market Research (PMR) recently published a report titled “Consumer Cloud Storage Services Market – Global Industry Analysis 2013-2017 and Forecast 2018-2026.” The adoption of consumer cloud storage services by is increasing owing to an increase in the amount of data generated by users. Consumer cloud storage services help users store data securely and gain access to it at any point in time from any device. These devices include smartphones, PCs, and tablets. The global consumer cloud storage services market is expected to grow at a CAGR of 14.9% during the forecast period. The consumer cloud storage services market was valued at US$ 912.6 Mn in 2017, and is projected to grow significantly to reach US$ 3,071.2 Mn by 2026 due to an increase in the availability of HD video content across the globe.

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In this report, PMR has segmented the global consumer cloud storage services market on the basis of storage tier, user age, and region. By storage tier, the market is subsegmented into 50 GB-999 GB, 1 TB – 9.99 TB, and >= 10 TB. Due to an affordable pricing structure, the 50 GB-999 GB subsegment was valued at 487.7 Mn in 2017. The 50 GB-999 GB subsegment of the consumer cloud storage services market is also projected to grow with a double-digit growth rate during the forecast period. Furthermore, the usage of social media sites, such as Facebook, YouTube, and Twitter, is very high in developed countries such as the U.S., U.K., Germany, and Canada. These sites are getting multimedia-heavy day by day, which is motivating users to create more content such as videos and photos.

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With these factors, the 1 TB – 9.99 TB subsegment is also expected to create potential opportunities for the vendors of consumer cloud storage services. As multimedia content is now being accessed through subscription services by a large number of users, cloud service providers are looking for new possible usages with data stored on the cloud. Major area of focus for several cloud service providers are collaboration tools and third-party integrations. Owing to this, the 18-40 years segment, a subsegment of the “by user age” segment, is projected to hold a market share of more than 70% at the end of 2018 in the global consumer cloud storage services market. Moreover, the 18-40 years subsegment is expected to grow at a relatively higher CAGR as the demand for consumer cloud storage services is growing rapidly in various countries such as India, U.K., and China. Due to a continuous increase in the number of mobile workforce, the 18-40 years subsegment is also expected to witness a high growth rate during the forecast period.

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On the basis of geography, the North America consumer cloud storage services market is expected to dominate the global consumer cloud storage services market due to advancements in next-generation communication and cloud technologies in the country. The region has witnessed the widespread deployment of smartphones and virtual storage technologies in the past couple of years. These factors are fuelling the growth of the consumer cloud storage services market in North America. The consumer cloud storage services market has high potential in Europe owing to major technological advancements in the telecommunication industry and increase in the number of mobile workforce in various countries of the region.

According to PMR analysis, long-term contracts with business partners are likely to increase revenue and new innovation strategies are estimated to enable the vendors of consumer cloud storage services to reach new growth markets. Some of the market participants in the global consumer cloud storage services market report include

  • Apple Inc.
  • Google (Alphabet Inc.).
  • Box, Inc.
  • Dropbox Inc.
  • Amazon Web Services (AWS)
  • Microsoft Corporation
  • Sync.com Inc.
  • Hubic (OVH)
  • Mediafire
  • pCloud AG
  • Others.

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Manufacturers of Pharmacy Benefit Manager Market to Benefit from Increasing Adoption of the Product During the Forecast Period

The global pharmacy benefit manager market is expected to register a global CAGR of 5.5% during 2018 – 2026 with North America accounting for a significant market value share by the end of the forecast period.

PMR delivers key insights on the global pharmacy benefit manager market in its report titled “Pharmacy Benefit Manager Market: Global Industry Analysis 2013 – 2017 and Forecast 2018 – 2026.” Value growth of the global pharmacy benefit manager market is expected to remain attractive as the market is estimated to grow continuously with a CAGR of 5.5% in terms of value during the forecast period 2018 – 2026. On the basis of service, specialty pharmacy services affiliated with pharmacy benefit managers are expected to register the most attractive growth during the forecast period. Based on the demand determinants, health insurance companies functioning as pharmacy benefit managers are expected to gain the highest market share penetration during the forecast period.

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The global annual revenue from pharmacy benefit manager was valued at US$ 437,298.0 Mn by the end of 2017, and is estimated to grow at a steady pace over the forecast period. The dominant region, i.e., North America accounted for a majority share in the global pharmacy benefit manager market. The region is likely to continue dominating the global market over the forecast period.

The incorporation of the pharmacy benefit manager concept was practiced by large industries over a decade ago. With upgraded benefit plans and cost-effective solutions & services, pharmacy benefit managers have been adopted by small- and medium-sized enterprises as well. Pharmacy benefit managers are widely used by all tier companies to streamline the employee health and pharmacy benefits. Thus, pharmacy benefit managers are gaining importance in various commerce sectors. Growth in the global pharmacy benefit manager market is driven by demand for advanced prescription products, focus on reduction of drug cost, regulatory guidelines, and to better manage the member’s health conditions. Key regulatory requirements that drive the pharmacy benefit manager market are changes due to Medicare Part-D guidelines, healthcare reforms, and NCPDP regulations.

The demand for innovative programs, such as disease and patient case management programs, advanced drug utilization programs, and pharmacy-medical integrated products have been the drivers for a number of emerging trends in the pharmacy benefit manager market. Additionally, the influence of social media networking is increasing rapidly in the pharmacy benefit manager arena. Almost all pharmacy benefits managers are responding to these drivers in similar yet distinct approaches.

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The pharmacy benefit manager market in North America is estimated to hold the highest market share in the pharmacy benefit manager market, during the forecast period, due to the high adoption rate of pharmacy benefit manager services and solutions in the commercial sector. The ever-rising mortality and morbidity rates are motivating regional vendors to accelerate their pharmacy benefit manager businesses. Pharmacy benefit management companies are focusing on helping their clientele to manage their health condition more efficiently and effectively. Multiple programs are available in the North American pharmacy benefit manager market that strive to achieve this objective.

The pharmacy benefit manager market has a high potential in Latin America owing to government health programs and health insurance companies combining and utilizing various resources in the market to provide member-healthcare benefits. Thus, the pharmacy benefit manager market in Latin America region will be targeted the most by the pharmacy benefit manager market participants. The need to enhance the effectiveness and efficiency of chronic illness medications is expected to attract the attention of pharmacy benefit manager service providers towards the Latin America region.

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According to PMR analysis, long-term contracts with business partners are expected to help increase revenue and new service strategies will enable pharmacy benefit manager vendors to reach new growth markets. Some of the key market participants in the global pharmacy benefit manager market include Express Scripts Holding Company; CVS Health Corporation; DST Systems, Inc.; Rite Aid Corp.; ProCare Rx.; UnitedHealth Group; Benecard Services, LLC; BioScrip, Inc.; CaptureRx; and Change Healthcare.

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Music Streaming Market to Exhibit Significant Growth in Dollar Opportunities During 2018 – 2026

Persistence Market Research (PMR) has recently published a report titled “Music Streaming Market – Global Industry Analysis 2013-2017 and Market Forecast 2018-2026.” Music streaming has witnessed an upsurge in the past three years with increasing digitalization and increasing adoption of digital music. As a result of increasing adoption of music streaming, a decline in the market share of downloaded music, in the global digital music market, is witnessed, in terms of value.

The global music streaming market is expected to grow at a CAGR of 19.8% during the forecast period. The music streaming market was valued at US$ 6,423.6 Mn in 2017, and is projected to grow significantly to reach US$ 33,489.4 Mn by 2026 due to complimented by the decreasing data charges and increasing internet speed.

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In this report, PMR has segmented the global music streaming market on the basis of type of streaming, end-user, content type and region. By type of streaming, the market is sub-segmented into rugged live streaming and on-demand streaming. With the increasing introduction of audio music streaming applications, offering advanced features with its subscription based music streaming applications, end-users across the globe have started adopting on-demand music streaming services. However, owing to the presence of huge audience over YouTube, a considerable market share is held by live streaming segment as well. One of the recent development witnessed across this segment, is the introduction of subscription based YouTube music streaming option. This, as a result, is expected to drive the growth of on-demand music streaming segment.

Based on end-user, the music streaming market is sub-segmented into residential and commercial. The growing consumer disposable income and increasing adoption of advanced consumer electronic devices such as smartphones and laptops across the globe, especially across developing countries such as China, India etc. are some of the major factors driving the growth of residential sub-segment, in the global music streaming market. In addition to this, owing to the restricted adoption of music streaming across commercial segment, the same segment is, thus, expected to witness a comparatively lower CAGR, in the global music streaming market.

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Based on content type, the music streaming market is sub-segmented into audio streaming and video streaming. The low cost associated with the advertisements showcased over free video music streaming applications such as YouTube, especially in Asia Pacific region, in comparison to free audio music streaming applications, is one the factor owing for the restricted market value in the global music streaming market. In addition to this, increasing volume of audio music streaming service subscribers globally, complimented by the high prices associated with the subscription across all major audio music streaming applications such as Apple, Spotify, Amazon Music etc., has been a major driving factor for the audio streaming segment.

Furthermore, on the basis of geography, the North America music streaming market is expected to dominate the global music streaming market due to high adoption of digital music in the U.S., availability of resources for offering advanced music streaming experience to the end-users, and high disposable income of the end-users, in the region. The region has witnessed the adoption of advanced data services such as uninterrupted 4G and high speed broadband connectivity since the past four years as well. These factors are fuelling the growth of the music streaming market in North America. Moreover, the music streaming market has high potential in SEA & Pacific and China owing to the increasing adoption of free music streaming applications such as JOOX, Saavn, Gaana etc.

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According to PMR analysis, increasing awareness against the adoption of pirated content, high growth opportunities across developing countries and increasing establishments of new music streaming service providers are likely to increase revenue and new innovation strategies to enable music streaming manufacturers to reach new growth markets. Some of the market participants in the global music streaming market report include

  • Apple
  • Google
  • Amazon Music
  • Spotify
  • Deezer
  • SoundCloud
  • Pandora
  • JOOX
  • TIDAL
  • iHeartRadio
  • Others

 

 

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

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Sales of Image Intensifier Market to be Significantly Influenced by Rising Consumer Adoption

Persistence Market Research has published a market research report “Image Intensifier Market – Global Industry Analysis 2014 – 2018 and Opportunity Assessment 2019 – 2029.” Growing expenditure in the defence and military industry and growth in the demand for night vision devices for security purposes are among factors driving the image intensifier market. The demand for image intensifier night vision devices for the military is increasing due to various internal and external threads such as a terrorist attack, uncertain war situations, and domestic security issues in a country.

Increasing awareness about the detection and prevention of fraudulent activities with the installation of night vision security and surveillance systems is expected to drive the image intensifier market. Moreover, rising crime rates and terrorist attacks are creating the need for improvements in 24-hour surveillance systems. As image intensifiers have night vision, it is not difficult to detect a security breach. These are some of the factors boosting the demand for image intensifiers. Moreover, the growing number of smart city projects and government regulations on security are driving the demand for global image intensifiers.

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The adoption of image intensifiers in the healthcare industry is increasing as image intensifiers provide better visibility. Image intensifiers are also economical as compared to advanced flat-panel systems. An image intensifier’s overall function is to transform x-ray photons incident to light photons of sufficient intensity to produce a visible image. Growth in the aging population across the globe is boosting investments on healthcare, as an increasing number of people suffer from disabilities and diseases. This is expected to generate demand for advanced healthcare equipment in the upcoming era. Image intensifiers in c-arms x-ray can take specific and sharper images and a large number of pictures per hour at a lower cost per picture.

The global image intensifier market is expected to mark a total incremental opportunity of US$ 319.7 Mn during the forecast period of 2019 to 2029. In the global image intensifier market research report, Persistence Market Research has segmented the global image intensifier market by generation, application, end user, and region. The generation segment is further segmented into 1st generation, 2nd generation, 3rd generation, and 4th generation. Moreover, the adoption of image intensifiers by various end users, which include military & defence, healthcare & medical, government & law enforcement, and other end users, is expected to drive the image intensifier market.

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Based on region, North America is among the more significant markets in the global image intensifier market owing to the existence of various key players and high military expenditure. Moreover, the adoption of image intensifiers in the healthcare industry and government regulations for security and surveillance are also among factors driving the image intensifier market.

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The image intensifier markets in South Asia and East Asia are likely to witness growth with a high CAGR during the forecast period due to the growing penetration of advanced diagnostic systems and increasing military expenditure in some countries of this region. Moreover, rise in the adoption of state-of-the-art security systems for detecting and preventing security breaches in smart cities is creating future growth opportunities for the image intensifier market. Furthermore, a constant increase in the total number of companies that provide image intensifiers in South and East Asian countries is expected to positively impact the growth of the image intensifier market during the forecast period.

Some of the key players in the global image intensifier market research report include

  • L3 Technologies, Inc.
  • Thales Group
  • FLIR Systems, Inc.
  • Siemens
  • Canon Medical Systems Corporation
  • ASELSAN A.S.
  • PHOTONIS
  • Ziehm Imaging GmbH
  • Dantec Dynamics A/S
  • Lambert Instruments BV
  • Harder.digital
  • Photek
  • Optexim JSC

These companies in the image intensifier market are continually focusing on providing leading products and following the strategy of entering into collaborations and partnerships with other image intensifier providers to offer enhanced image intensifier night vision devices and to reach new growth markets during the forecast period.

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

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