The Asia Pacific automated material handling market is projected to expand at a CAGR of 10% during the forecast period. Material handling involves short-distance movement within the confines of a building or between a building and a transportation vehicle. It consists of a wide range of equipment like manual, semi-automated, and automated equipment. Material handling is used for creating time and place utility through handling, storage, and control of materials as distinct from manufacturing, which creates form utility by changing the shape, form, and makeup material.
Automated material handling refers to any automation that reduces or eliminates the need for humans to check-in, check-out, sorting material, or to move materials from one place to another. Automated handling equipment is economically feasible, reduces or manual handling of materials. Most existing materials handling equipment are semi-automated as they are controlled by the human operator to carry out operations.
Asia Pacific (APAC) Automated Material Handling Market is segmented by product, industrial vertical, and by geography. Segmentation by product is done in automated guided vehicles (towing vehicles, unit load vehicles, pallet trucks, fork trucks, hybrid vehicles, light load, assembly line vehicles, custom AGVs, and others) and automated storage and retrieval systems (unit load, mini load, horizontal carousels, vertical carousels, robotic RS/AS, and others). The automated storage and retrieval system segment to dominate the Asia Pacific market in the forecast period and automated guided vehicles segment to see a rise in the market.
The manufacturing sector does have a major part in increasing the growth of automated handling market due to its various applications. The healthcare industry to have a rise in demand for automated material handling equipment due to anincreasing population and an increasing number of people suffering from chronic diseases. Rising disposable income and improving lifestyle is driving the demand for packaged food and beverage products. The E-Commerce industry is experiencing a high growth rate worldwide especially in the Asia Pacific region. This is due to rising smartphone penetration and changing customer preferences. It is impacting the logistics industry and in turn, will create demand for material handling solutions for automation and business process efficiency.
Benefits of automated material handling equipment’s and systems are: –
· Improved Quality Control
Automated material equipment will provide better control over the quality of products. Advance technology will help in the more accurate inspection as machine vision will be able to catch more errors and will help in cutting waste. Increase efficiency will lead toa reduction of default material and in saving from rework.
· Better Workplace Safety
Companies are implementing automated pallet trucks and robots for picking totes. This will help in improving safety and reducing the time in completing critical tasks. Advanced sensors have made automated material handling extremely safe and sure-footed. Manufacturers are developing guided vehicles with laser and vision sensors for a more robust view.
· Greater Production and Flexibility
Automated materials help in carrying out operations with greater flexibility. They can move more amount of product at a given time. Supply chain and logistics managers issue commands to automated guided vehicles and makes adjustments to other connected machines from the control room, making it more flexible and efficient. It helps in switching over from one process to another easy and without any extra efforts.
· Increasing Efficiency
Automated material helps in increasing the efficiency of production. Moving materials automatically between each stage andstation or among two different buildings without manual labour is more time saving, safe, and cost-efficient.
· Better Access to data
Automation material has helped in collecting data in real-time. Before it was difficult to find the bottleneck in production or where the problem or error is happening. The connected automated system has provided data about every process carrying out in a factory in one single place. The connected system helps in adjusting product flow based on surrounding conditions, including maintenance items, helping in machines and workers to work accordingly. It helps in using the information to plan ahead according to the changes and delays in the process.
· Increase in Skilled Jobs
The automated material market will create jobs for people with higher skills, for those who can control these machines. Automation is a complement to human effort and companies that navigate the transition to selective automation. Automation will help employees to move in higher-paying roles, high-value and end-up leaving the repetitive tasks to automated equipment.
Urbanization and industrialization are creating demand for automated material handling market. The growing construction and manufacturing sector in the Asia Pacific region is increasing the use of automated material handling market due to cost reduction, increase in efficiency, and safety of workers. India to witness the fastest growth among Asia Pacific countries due to the rise in disposable income, increasing manufacturing activities, growing infrastructure, urbanization, and industrialization. Japan will have a rise in demand for automated material handling in the healthcare sector because of the booming aging population. Japan has the highest percentage of people above 60 and above. Thereby increasing the demand for effective and innovative medical device packaging that will further increase demand for automated material handling tools by packaging manufacturers. The manufacturing sector in Japan does contribute significantly tothe automated material handling market. China is the world’s fastest-growing economy and has a manufacturing sector.Being one of the largest manufacturers in the world, China will require automated material handling tools in huge quantities to sustain its business in a competitive world.
The automated material handling industry in the Asia Pacific region needs to focus on the sustainability of their products, owing to growing environmental sustainability issues and corresponding stringent laws and regulations in the region. Investments in research and development for producing energy-efficient and environmental friendly automated material handling products. Need to provide proper training sessions to enhance employee’s skills and consciousness to handle machines and equipment.
The Smart Hospitality Market was valued at US$5.550 billion in 2018
Press ReleasesSmart hospitality enables the hospitality industry to intensify their guest experience and various hotels are investing in this market to improve sustainability and to provide their guests with a greater level of personalization.
According to the report, the Smart Hospitality Market is projected to expand at an impressive CAGR to reach a market size of US$5.550billion in 2018. The Smart hospitality market is expected to surge during the forecast period which can be attributed to the growing travel and tourism industry and increasing adoption of IoT in the hospitality industry. The market for these solutions and services is being shaped by the rapid growth of the hospitality industry in many regions. For instance, travel and tourism is an important industry in countries like Spain, Poland and Belgium among other European countries, in fact in 2016 Poland was regarded as the world’s 16th most popular tourist destination with an estimated 17.5 billion tourists visited the country. Besides, as competition in the hospitality industry is growing continuously, business owners in this industry are moving towards advanced solutions to efficiently manage their business functions aiming to prevent losing customers to their rivals due to improper management while offering the best possible experience to their guests. However, a lack of skilled workforce coupled with a limited budget of some players in the hospitality industry is anticipated to restrain the growth of the market in the coming years.
The Growing Investment By Market Players
The market also witnesses a significant number of competitive strategies like collaboration, mergers, and acquisitions which further benefit the growth of the market during the forecast period. For instance, In August 2018, Amadeus confirmed the acquisition of hotel technology provider Travel Click for US$1.52 billion. Also, in October 2019, Zaplox signs an agreement with Woodlands resorts in Texas, under which hotel guests will be benefited from mobile check-in/mobile keys and can even access to concierge services directly from their phone with the option of kiosk-based self-service solutions.
Geographically, Europe is expected to hold a significant share in the market and there has been a rapid surge in the popularity of smart hospitality in the region. An increasing number of international tourism in the region coupled with established internet infrastructure is anticipated to drive the growth of the market during the forecast period. For instance, according to The World Bank, the number of international tourist arrivals in Spain has increased from 52,677 thousand in 2010 to 81,786 thousand in 2017. Furthermore, the rapid growth of the Internet of Things (IoT) on account of rising investments by major market players into research and development is bringing a wider range of innovative and affordable solutions for the hospitality industry into the market is driving the North America region. Furthermore, the untapped potential of the BYOD application is anticipated to open up the growth opportunities in both Europe and the North American region.
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The major players profiled in the Smart hospitality market include NEC Corporation, Huawei Technologies Co.Ltd, IBM Corporation, Cisco Systems, Inc., Oracle Corporation, Infor, SmartHOTEL, Intel Corporation, Accenture, Schneider Electric, Siemens AG, Johnson Controls, and Honeywell International, Inc.
This report segmented the smart hospitality market on the basis of the following terms:
3D Mapping and Modeling Market is projected to soar with a double-digit growth during 2019-2024
Press ReleasesKnowledge Sourcing Intelligence announces the publication of a new report on “3D mapping and modeling Market – Forecasts from 2019 to 2024" to their offering.
SUMMARY:
The use of 3D technology in varied areas involving engineering, architecture, film, and entertainment is driving the growth of the global 3D mapping and modeling market in the forecast period.
This report provides forecast and analysis of the 3D mapping and modeling market which is estimated to hold a market value of US$20.716 billion by the end of 2024 from a market size of US$7.022 billion with a high CAGR of 19.76%.
The market for 3D mapping and modeling is expected to grow during the forecast period owing to continuous technological advancements in 3D devices such as a 3D scanner among others. Also, with the increasing investments in R&D for the improvement of 3D mapping and modeling processes, the market is expected to surge with the increase in demand. The growing media and entertainment industry is further propelling the market growth in the forecast period with the growing demand for 3D models.
Furthermore, the growing purchasing power of the consumers worldwide led to wide adoption of 3D-enabled devices which include mobile devices like smartphones, tablets, and others, fueling the market demand. In the healthcare sector, the demand for 3D mapping and modeling is rising with the surging demand for mapping human anatomy, providing help in surgical procedures. The growing geriatric population and the prevalence of chronic diseases are augmenting the market demand in the healthcare domain.
The growing construction industry is driving the growth of the global 3D Mapping and Modeling Market, on the basis of end-use industry, holding a significant market share. The driving factors for this growth is due to rapid urbanization leading to the utilization of 3D maps and models in order to visualize the real-life scenario to be required in urban planning and development and various construction processes.
On the basis of geography, North America is expected to hold a significant market share followed by the European region owing to the early adoption of technology and innovations, in addition to the presence of large key global market players. While the Asia Pacific region is predicted to be the fastest-growing market.
The 3D mapping and modeling market in the APAC region is expected to boom with the increasing construction industry, and escalating infrastructure development especially in India and China. The growing construction sector is attributed to the development of smart cities where 3D mapping and modeling hold high growth potential along with high government support for the building of smart cities coupled with increased inflow of foreign direct investment.
Some of the major players covered as part of the report are Autodesk Inc., Orbit GeoSpatial Technologies NV, and 3D Coat.
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This report segmented the 3D mapping and modeling market on the basis following terms:
Data Center Physical Security Market is predicted to thrive at a CAGR of 14.55% over the period 2019-2024
Press ReleasesData Center physical security helps enterprises to store Big Data and provides security from cyber-attacks. Datacenter physical security involves access to control systems, video surveillance, and perimeter security.
This report provides forecast and analysis of the data center physical security market which is estimated to surge US$16.654 billion by 2024.
Data Center physical security is a type of physical or virtual infrastructure used by enterprises for housing various computers, servers, and networking systems along with components for storing and processing high volumes of data and serving it to clients. Datacenter does require extensive backup power supply systems and cooling systems. Datacenter stores critical information and ensures maintaining reliable connections between the data center and companies this information is confidential and making it of extreme importance for data centers and clients. Data centers are using UPS systems for extensively monitoring the power quality and PDUs for monitoring circuit loads. The growth of cloud services and the increasing demand for Big Data and visualization has boosted the demand for secure and reliable data storage drastically. Companies need to improve their data storage facilities in order to protect themselves from cyber-attack and increase data storage capability.
The Data Center Physical Security Market is segmented by component, by Type, by Solutions, by Services, by Vertical, and by geography. Segmented on the basis of the type is by Software, Services, and Hardware. Segmentation by solutions is divided into Video Surveillance, Monitoring Solutions, Access Control Solutions, and others. Segmentation by solutions is Security Consulting Services and System Integration Services. Segmentation by Vertical is IT and Telecom, BFSI, Government, Healthcare, Energy, Education, Retail, and Others. By geography, the data center physical security market has been segmented as Americas, Europe, the Middle East, and Africa, and the Asia Pacific.
North America and Europe have a significant amount of market share for data center physical security. The more companies are opting for the maintenance of physical security systems to save themselves from the hacking of confidential data. The Asia Pacific to see growth due to advancement in technology and expansion of the services sector. The Asia Pacific to grow fastest among all regions as more brands and businesses are expanding their market with the need for data centers. Urbanization and government initiative is increasing the need for IT infrastructure, server market, and uninterruptible power supplies (UPSs).
Some of the major players covered as part of the report are Assa Abloy, Robert Bosch, Honeywell, Morpho, Tyco International, Siemens, Schneider Electric, Hikvision Digital Technology, Dahua Technology, Axis Communication among others.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/data-center-physical-security-market
This report segmented the data center physical security market on the basis following terms:
Automation Shaping The Future of Logistic in Asia
BlogThe Asia Pacific automated material handling market is projected to expand at a CAGR of 10% during the forecast period. Material handling involves short-distance movement within the confines of a building or between a building and a transportation vehicle. It consists of a wide range of equipment like manual, semi-automated, and automated equipment. Material handling is used for creating time and place utility through handling, storage, and control of materials as distinct from manufacturing, which creates form utility by changing the shape, form, and makeup material.
Automated material handling refers to any automation that reduces or eliminates the need for humans to check-in, check-out, sorting material, or to move materials from one place to another. Automated handling equipment is economically feasible, reduces or manual handling of materials. Most existing materials handling equipment are semi-automated as they are controlled by the human operator to carry out operations.
Asia Pacific (APAC) Automated Material Handling Market is segmented by product, industrial vertical, and by geography. Segmentation by product is done in automated guided vehicles (towing vehicles, unit load vehicles, pallet trucks, fork trucks, hybrid vehicles, light load, assembly line vehicles, custom AGVs, and others) and automated storage and retrieval systems (unit load, mini load, horizontal carousels, vertical carousels, robotic RS/AS, and others). The automated storage and retrieval system segment to dominate the Asia Pacific market in the forecast period and automated guided vehicles segment to see a rise in the market.
The manufacturing sector does have a major part in increasing the growth of automated handling market due to its various applications. The healthcare industry to have a rise in demand for automated material handling equipment due to anincreasing population and an increasing number of people suffering from chronic diseases. Rising disposable income and improving lifestyle is driving the demand for packaged food and beverage products. The E-Commerce industry is experiencing a high growth rate worldwide especially in the Asia Pacific region. This is due to rising smartphone penetration and changing customer preferences. It is impacting the logistics industry and in turn, will create demand for material handling solutions for automation and business process efficiency.
Benefits of automated material handling equipment’s and systems are: –
· Improved Quality Control
Automated material equipment will provide better control over the quality of products. Advance technology will help in the more accurate inspection as machine vision will be able to catch more errors and will help in cutting waste. Increase efficiency will lead toa reduction of default material and in saving from rework.
· Better Workplace Safety
Companies are implementing automated pallet trucks and robots for picking totes. This will help in improving safety and reducing the time in completing critical tasks. Advanced sensors have made automated material handling extremely safe and sure-footed. Manufacturers are developing guided vehicles with laser and vision sensors for a more robust view.
· Greater Production and Flexibility
Automated materials help in carrying out operations with greater flexibility. They can move more amount of product at a given time. Supply chain and logistics managers issue commands to automated guided vehicles and makes adjustments to other connected machines from the control room, making it more flexible and efficient. It helps in switching over from one process to another easy and without any extra efforts.
· Increasing Efficiency
Automated material helps in increasing the efficiency of production. Moving materials automatically between each stage andstation or among two different buildings without manual labour is more time saving, safe, and cost-efficient.
· Better Access to data
Automation material has helped in collecting data in real-time. Before it was difficult to find the bottleneck in production or where the problem or error is happening. The connected automated system has provided data about every process carrying out in a factory in one single place. The connected system helps in adjusting product flow based on surrounding conditions, including maintenance items, helping in machines and workers to work accordingly. It helps in using the information to plan ahead according to the changes and delays in the process.
· Increase in Skilled Jobs
The automated material market will create jobs for people with higher skills, for those who can control these machines. Automation is a complement to human effort and companies that navigate the transition to selective automation. Automation will help employees to move in higher-paying roles, high-value and end-up leaving the repetitive tasks to automated equipment.
Urbanization and industrialization are creating demand for automated material handling market. The growing construction and manufacturing sector in the Asia Pacific region is increasing the use of automated material handling market due to cost reduction, increase in efficiency, and safety of workers. India to witness the fastest growth among Asia Pacific countries due to the rise in disposable income, increasing manufacturing activities, growing infrastructure, urbanization, and industrialization. Japan will have a rise in demand for automated material handling in the healthcare sector because of the booming aging population. Japan has the highest percentage of people above 60 and above. Thereby increasing the demand for effective and innovative medical device packaging that will further increase demand for automated material handling tools by packaging manufacturers. The manufacturing sector in Japan does contribute significantly tothe automated material handling market. China is the world’s fastest-growing economy and has a manufacturing sector.Being one of the largest manufacturers in the world, China will require automated material handling tools in huge quantities to sustain its business in a competitive world.
The automated material handling industry in the Asia Pacific region needs to focus on the sustainability of their products, owing to growing environmental sustainability issues and corresponding stringent laws and regulations in the region. Investments in research and development for producing energy-efficient and environmental friendly automated material handling products. Need to provide proper training sessions to enhance employee’s skills and consciousness to handle machines and equipment.
Robotic Vision Market is predicted to thrive at a CAGR of 10.54% over the period 2018-2024
Press ReleasesRobotic vision is an advanced technology in robotics and automation which is used for identification of things, navigation, finding objects among others. The surging automotive industry coupled with robotic vision is increasing the market.
This report provides forecast and analysis of the Robotic Vision Market which is estimated to surge US$5.303 billion by 2024, from US$2.907 billion in 2018.
Robotic vision is among the most advanced technology in robotics and automation, it is used in robots for better identification of things, navigation, finding objects, and inspection among others. Robotic vision helps in cutting costs and creating a straight forward solution for all types of automation. Robotic vision makes the manufacturing and packaging more efficient by ensuring the quality of the products, checking product safety, preventing defective products or damaged products from entering the market, and tracing the products. Robotics vision market to see a rise in demand due to the increase in focus for providing safety to workers, declining prices of chips and sensors, growing demand for automation and surveillance, and advancement in technology.
The Robotic Vision Market is segmented by component, by technology, by application, and by geography. Segmented on the basis of the component in Software and Hardware. Hardware is further segmented into a camera, robots, and others. Segmentation by application is divided into packaging and palletizing, material handling, welding, and others. Segmentation by industry verticals is electrical and electronic, automotive, metal processing, food processing, and others. By geography, the robotic vision market has been segmented as Americas, Europe, the Middle East and Africa, and the Asia Pacific.
The Americas and Europe market are projected to hold the dominating share in the market and are projected to grow at substantially high rates due to the rise in the demand for these systems particularly for material handling applications due to high labor costs and stringent government regulations to provide a safer working environment. The Asia Pacific is anticipated to witness the fastest market growth due to rapid industrialization, high infrastructure development and growing concern about worker's safety. Rising demand for processed and frozen food products in emerging economies such as China and India will further fuel this regional growth to ensure vision supported packaging of food in harsh environments along with label verification and brand quality.
Some of the major players covered as part of the report are ABB, Kawasaki Heavy Industries Ltd., KEYENCE CORPORATION, ISRA VISION AG, SICK AG, FANUC America Corporation, KUKA Robotics, Acieta LLC, Omron Corporation, Teledyne Digital Imaging Inc., Cognex Corporation, Qualcomm Technologies Inc, Tordivel AS, Matrox, Hexagon AB among others.
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This report segmented the robotic vision market on the basis following terms:
By Component
Software
Hardware
Camera
Robots
Others
By Application
Packaging & Palletizing
Material Handling
Welding
Others
By Industry Vertical
Electrical and Electronics
Automotive
Metal Processing
Food Processing
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
Emission Monitoring Systems Market estimated to grow at a CAGR of 9.14% to reach a value of US$5,582.588 million by 2024
Press ReleasesEmission monitoring systems are the type of systems used to keep track of pollutant emission rates. These systems are necessary for the determination of a concentration or emission rate in the environment using analyzer measurements and other tools to produce the results in units of applicable limits of emission.
According to the report, the emission monitoring systems market is projected to expand at an impressive CAGR of 9.14% over the forecast period 2018-2024. The Emission monitoring systems market is expected to surge during the forecast period which can be attributed to rising concerns of people towards the environment. Urbanization and industrialization today have intensified the health risk of humans and pollution is considered as one of the largest causes of disease & premature death in the world. According to the World Bank, the cost associated with health damage from ambient air pollution is estimated at nearly US$5.7 trillion, the equivalent of 4.8% of the global GDP in 2016. Also, stringent regulation in several parts of the world is expected to be one of the prime drivers for the growth of the emission monitoring systems market during the forecast period.
The emission monitoring systems market is segmented as type, component, vertical and geography. By type, continuous emission monitoring systems are expected to grow at a significant rate during the forecast period owing to its wider application and increasing adoption in industries like oil and gas and power plants. By vertical, the oil and gas industry is anticipated to hold a considerable amount of market share due to the strict regulatory norms. The oil and gas industry is a significant source of emission of methane (greenhouse gas) which has global warming potential of more than twenty times than that of carbon dioxide, which further makes it an area of focus for the government while combating the problem of pollution.
By geography, North America is expected to hold a significant amount of share because the region is having strict regulation especially in the United States and Canada. The clean air act of the US authorizes Environment Protection Agency (EPA) to establish National Ambient Air Quality Standards (NAAQS) aiming to protect public health to regulate emissions of hazardous air pollutants. In Europe, recently Ukraine adopted MRV law implementing the European standards for greenhouse gas emission (GHG) and is expected to go into force on January 1, 2021. Besides, due to increasing CO2 emission in countries like China and India the market for the region is anticipated to witness exponential growth during the forecast period.
Some of the major players covered as part of the report are Rockwell Automation, Inc, ABB Ltd, Emerson Electric Co., Siemens AG, General Electric Company, Enviro Technology Services Plc., AMETEK, Inc. and Thermo Fisher Scientific Inc.
View a sample of the report or purchase complete study at https://www.knowledge-sourcing.com/report/emission-monitoring-systems-market
This report segmented the emission monitoring systems market on the basis of the following terms
Electroplating Market is estimated to fuel at a CAGR of 2.91% over the forecast period
Press ReleasesElectroplating is done to provide protection to metals in addition to giving them an aesthetic appeal. The market is expected to thrive owing to the extensive use of electroplating process across many industry verticals.
This report provides forecast and analysis of the electroplating market which is projected to grow with a CAGR of 2.91% to achieve a market size of USD15.513 billion by the end of 2025.
The market is expected to propel in the forecast period owing to the increasing demand for electroplating process in varied end-user industries. This is because of the fact that electroplating, defined as an electrodeposition process, involves surface engineering which is utilized for the deposition of metals over the other metal surface. The growing refurbished goods industry is expected to drive the market demand in the forecast period and in the upcoming years. The growing consumer electronics industry and growing automotive industry is further propelling the market growth in the forecast period. With the growing manufacturing sector, consumers demand for products having better metal finishing, hence, creating a huge market demand for electroplating during the forecast period. Furthermore, the booming electronics industry is further propagating the growth of the global electroplating market over the next five years.
However, the presence of environment-friendly alternatives for electroplating may pose a threat in hampering the market growth in the forecast period. On the basis of industry verticals, the automotive sector is expected to foresee a high market growth with the growing automotive industry, especially in the emerging economies of China and India. Also, with the favourable government initiatives supporting the growth of the automobile sector is further contributing to the market demand for electroplating. Furthermore, the growing popularity of electronic commodities is driving the demand for electroplated goods, propelling market growth during the forecast period. Hence, the electrical and electronics sector is also expected to grow with a high growth rate, burgeoning market growth as well.
Geographically, North America is expected to hold a significant market share followed by the European region. This is due to the presence of a large number of industries using the electroplating process, thus contributing to a greater market share. On the other hand, the Asia Pacific region is projected to be the fastest-growing where the electroplating industry is expected to grow with a high CAGR in the forecast period.
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Some of the major players covered as part of the report are Atotech Deutschland GmbH, Allied Finishing, and Birmingham Plating Co. Ltd.
This report segmented the electroplating market on the basis following terms:
By Type of Metal
By Type of Plating:
By Application:
By Industry Vertical:
By Geography:
Rice Milk – A volte-face or a disappointment in the offing!
BlogThe rice milk market is estimated to grow at a CAGR of 17.17% and poised to reach US$ 2,619.954 million by 2024, from US$ 1,012.838 million in 2018. The expanding interest in gastronomic pursuits and interested in experimentation has resulted in a perceptible trend in food and beverage innovation that is augmenting customers' preference of shifting away from the traditional milk and dairy-based products. For instance, Woolworth Food's Organic Rice Milk, which was launched in December 2019 is made of organic rice, organic vegetable oil, sea salt, and water. It also has relatively low-fat content, no saturated fat or cholesterol and is rich in Vitamin B and carbohydrates. This also serves as an example, like many others, of businesses adapting to consumers growing preference for functional beverages as well as moving away from traditional milk due to growing health concerns associated with milk. Moreover, the APAC region that is primarily a market for consumers of soy milk due to their lactose intolerance makes it a stark opportunity for the rice milk market.
The Environmental Imperative of Value-Driven Consumers
The other factor that is leading to a surge in rice milk production is that of growing environmental concern, about bovine milk production. The estimated global variation of 1 liter of milk production with regards to green-house-gas (GHG) emissions is between 2 to 4 kgs carbon dioxide equivalents (CO2eq). With regards to the terrestrial acidification, 1 liter of milk production amounts to more than 30 grams of sulfur dioxide equivalents (g SO2eq) and leads to eutrophication to the tune of 20 grams of phosphate (g SO2eq). The growing awareness of the environmental impact that is associated with highly resource intensive dairy production is thus fueling the inevitable growth of plant-based alternatives to milk like rice milk, since large proportion of consumers are value-driven individuals who have along with the traditional dimensions of food and beverages like convenience, identity, taste, and value have added to other dimensions mainly that of benefits and ethical values.
The Emergence Plant-Based Players In APAC Region
Apart from actively communicating the environmental credentials, players in the market are increasingly partaking in the plant-based foods sector as consumers in the emerging economies are more inclined to adopt newer varietal of plant-based drinks such as rice milk. The abundance of raw materials in the APAC region is estimated to further propel the growth of the market. Further, due to the emerging preference of functional beverages, a greater number of players are entering emerging as well as strong economies. There is also diversification into the plant-based milk category. This would lead to significant growth of the Rice Milk Market. The established and ever-expanding distribution networks are projected to further catalyze the growth of the rice milk market. For instance, the Vietnam Dairy Products Joint Stock Company that is also known as Vinamilk, in 2019 introduced a rice milk brand called Vinamilk Zori. It is a beverage made from roasted rice, with less sugar and is fortified with various vitamins. The company has also effectively localized its brand for Chinese consumers and is called Yuenamiao.
The Expanding Plant-Based Beverage Product Mix And Plausible Substitutes
The rice milk market is estimated to be met with a growing number of substitutes since plant-based alternatives are poised to become a staple in every household across several markets and are not restricted to the diets of vegans, only. Besides, rice milk there appears to be a profusion of other plan-based products. Moreover, consumers’ aspiration for variety, novelty, and willingness to experiment are a few key reasons that are propelling the emergence of plant-based drinks other than rice milk. In 2019, Chobani, the widely recognized American yogurt brand announced that it would start selling oat-based drinks. Other players in the oat milk segment are Danone’s Silk, Oatly and Planet Oat.
Further, the plant-based market is not saturated which paves the way for more alternatives to rice milk. In view of above Elmhurst switched to producing a variety of plant-based milks from almond, cashew, hazelnut, oat, and walnut after being 92 years in dairy. Califia Farms known for its range of plant-based milks that are inclusive of but are not limited to that of coconut and almond milk raised $50 million round of capital in the year of 2018 led by Ambrosia Investments. Another Californian coconut milk-based brand called REBBL raised US$20 million in funding.
Type
Products
Cereal based
Corn milk, Oat milk, Rice milk, Spelt milk
Legume based
Peanut milk, Lupin milk, Cowpea milk.
Nut based
Almond milk, Coconut milk, Hazelnut milk, Pistachio milk, Walnut milk
Seed based
Flax milk, Hemp milk, Sesame milk, Sunflower milk.
Pseudo-cereal based
Amaranth milk, Quinoa milk, Teff milk.
Table 1Available Rice Milk Substitute
Opportunities
The rising preference of a vegan diet is also a significant factor contributing to the meteoric adoption of non-dairy alternatives, which in turn provides a significant opportunity for rice milk this poses even beyond the forecast periods. One such alternative is that of rice milk. Presently consumers are proactively moving away from the bovine milk towards rice milk mainly due to milk protein allergy, lactose intolerance, cultural influences, etc. This has enabled beverage processors and marketers to capitalize on the growing consumer preference for rice milk and increase their portfolio of lactose-free milk brands. Further, countries, where consumers are mostly lactose-tolerant, is turning towards rice milk, as well. In light of the above, in 2017, Danone (Euronext: BN) acquired American WhiteWave Foods for a deal, worth US$12.5 billion, which among others, generated 38% of its sales from plant-based foods and beverages according to a certain forward-looking statement published by Danone. Further, the Dairy Farmers of America (DFA) in 2019 reported net sales of US$13.6 billion for 2018, compared to US$14.7 billion in 2017, which is a decrease in7.5%.
Global Service Delivery Automation market is predicted to thrive at a CAGR of 24.11% over the period 2019-2025
Press ReleasesAdvancement in the field of artificial intelligence will increase the growth of industries. Evolving industries require automation for making the process more agile and will improve the quality of service within strict time constraints.
This report provides forecast and analysis of the service delivery automation market which is estimated to surge US$18.886 billion by 2025, from US$5.168 billion in 2019.
Automation is enabling companies to formulate their services and operations in an effective manner, reducing cost, increasing accuracy, and increasing productivity. It has helped them transform their service delivery and operation to a wider extent. It helps in generating a large amount of data, which helps in making a decision, optimizing the process and help in taking corrective measures required. Service delivery automation helps in taking corrective steps more easily and rapidly to meet the significant demand over and above the normal levels. These delivery platforms are highly secure and they maintain extensive audit trails for compliance and governance teams for helping them in tracking each activity on a real-time basis. Service delivery automation requires a high initial cost for the setup and integration of service.
The companies are adopting service delivery automation majorly for cutting down operational costs and to improve operational efficiency by catering to customers during peak demand periods. Growth of the market may hinder due to the lack of skilled employees that can help in developing and managing automation processes. The service delivery automation market is segmented by type, by end-user, by industry vertical, and geography. By geography, the service delivery automation market has been segmented as Americas, Europe, the Middle East and Africa, and the Asia Pacific. The Americas and Europe markets are projected to hold the dominating share in the market and are projected to grow at substantially high rates due to the presence of key players and growing demand for the service delivery automation market. Asia Pacific region is also projected to hold a good share of the service delivery automation market due to the presence of outsourcing companies and the need for the reduction of operational cost of the organizations in the forecast period.
Some of the major players covered as part of the report are IBM, UiPath, IPsoft Inc., Blue Prism, Xerox Corporation, NICE Ltd., Celaton Ltd., Pegasystems Inc., Automation Anywhere, Inc., Arago GmbH among others.
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This report segmented the service delivery automation market on the basis following terms:
By Type
IT Process Automation
Business Process Automation
By End user
Large Enterprise
Small & Medium Enterprise
By Industry Vertical
Healthcare
BFSI
Travel & Hospitality
IT & Telecommunication
Transport & Logistic
Retail
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Others
Europe
Germany
France
United Kingdom
Others
Middle East and Africa
Asia Pacific
China
Japan
South Korea
India
Others
A Healthy Morning Starts With Oat Milk
BlogOat milk is a type of plant milk produced from whole oat grains by extracting the plant material with water. Oat milk has a creamy texture and a characteristically oatmeal-like flavor, though it is sold commercially in several flavors such as sweetened, unsweetened, vanilla, and chocolate. Swedish scientist Rickard Oste created Oat milk in the early 1990s, it is a modern development. Oat milk can be consumed to replace dairy milk in vegan diets or in case of medical conditions where the diary is incompatible, such as lactose intolerance or an allergy to cow’s milk. It is a vegan-friendly milk substitute, with artificially infused nutrients like iron and vitamins A & D. the oat milk has calories and fibers as compared to its alternatives such as Almond Milk, Soy Milk or Cow’s Milk. It is made just with oats and water making it a lactose-free milk substitute. Rising intolerance towards lactose is the major demand driver of oat milk.
Health Benefits of Oat Milk are: –
Oat milk is a good healthy option for people with dietary restrictions as it is made from just oats and water, its vegan and free of nuts, soy, and lactose. Oats are also naturally gluten-free, they can be processed in the same factories as gluten-containing grains, which may contaminate the oats. Few commercial oat milk brands are made with certified gluten-free oats and alternatively, oat milk can be made at home with certified gluten-free oats.
Oat milk is fortified with vitamin B, like riboflavin (B2) and vitamin B12. Vitamin B is essential for optimal health and it provides numerous benefits to the body like promote healthy hair in the body, elevate mood, combat oxidative stress, and promotes nails, skin.
Oat milk is high in beta-glucans which helps in decreasing the blood level of LDL cholesterol and even helps in reducing the risks of cardiovascular diseases. Beta-glucan was first discovered in lichens, and later in barley. Beta-glucan from a gel-like substance in the gut that binds the cholesterol and reduces its absorption. This helps in lowering blood cholesterol levels especially “ bad” LDL cholesterol by 5%.
Oat milk is often fortified with calcium and vitamin D – helps benefits bones in the body. Calcium is essential for strong and healthy bones as it is the main mineral required to form bones. Vitamin helps in absorbing calcium, lack of vitamin D can stop the body from getting sufficient calcium. Commercial oat milk is a good source of Vitamin B12 which is required for making bones healthy and lowers the risk of osteoporosis.
The Oat Milk Market is estimated to reach US$1,694.667 million by 2024. The Oat Milk Market has been segmented on the basis of source, type, packaging, application, distribution channel, and geography. The Oat Milk Market is segmented by Source, on the basis of classification as Organic and Conventional. It has been classified as Flavoured and Unflavoured on the basis of type. By Packaging, segments formed are Carton and Bottle. Classification in beverage and bakery by application. Segmented on the basis of distribution channel in Online and Offline channels. By Geography, this market has been segmented as North America, South America, Europe, The Middle East and Africa, and Asia-Pacific. Asia-Pacific region is expected to witness a significant CAGR over the forecast period due to rising incomes and changing lifestyles.
Current Market Scenario: –
Drivers of the Oats Milk Market
With more people adopting vegan diets out of health reasons or concern for animals, demand for plant-based products is also rising. Cow and other bovine animals are a great source of greenhouse gas emissions, which adds more to the environmental concerns. Almond Milk, a substitute of the Oat milk market, involves excessive exploitation of water resources as almond is a water-intensive crop. This fuels the demand for oat milk as an eco-friendly product. Oat milk is also thicker and creamier than its alternatives which are its unique selling point. Oat milk is a great substitute for milk for such lactose-intolerant people. A major chunk of the population is experiencing deficiencies of B & D Vitamins (mainly B12 and D3), which are predominantly associated with monitoring stress & mood and bone health, due to less exposure to sunlight and poor eating habits. Oat Milk is a rich source of Vitamin B and D and thus, gaining traction among masses. Additionally, high-fiber content in oat milk is linked to a healthier heart and better digestive system. Due to lack of physical inactivity, cases of obesity are witnessing a surge and a focus is shifting towards fat-free milk products such as Oat milk.
A lot of companies are investing in expanding their product range. The dairy company is investing in oat milk market due to high demand by consumers for a healthy and vegan diet. Producers are also bringing more flavored varieties of oat milk to augment the demand for oat milk, though unflavored milk holds the major share of the market. Organic oat milk is also growing its demand as more people are shifting towards chemical-free diets. Companies have also started using branding and packaging tools to attract new customers. It is believed that Oatly, a Swedish Oat Milk Company, has led to the rise of Oat milk due to its robust marketing tactics. Oat milk is not being sold as a substitute but also as a raw material to prepare several other products like bakery products or beverages.