Surgical simulation now a days has emerged as an advancement in medical training due to increased public pressure for improvement in control of surgeries and preventing medical errors.
This report provides forecast and analysis of the global surgical simulation market which is projected to grow at a double-digit growth rate of 22.05% to reach a market size of USD712.265 million by the end of 2024.The market is expected to foresee a significant growth during the forecast period owing to the growing popularity of simulation as it helps in honing the skills of a medical practitioner. The growing health expenditure worldwide is driving the market growth in the forecast period. Also, the growing healthcare industry with the adoption of state-of-the-art technologies by varied healthcare organizations is further fueling the market demand in the forecast period owing to providing better patient care. Growing investments in research and technology by key market players is further leading to propelling the growth of the global surgical simulation market during the forecast period.
The growing global geriatric population, which is expected to reach over one billion by 2050 (source: National Institutes of Health) is driving the market growth in the forecast period. With the rise in upcoming advancements in technology and the adoption of healthy living conditions, the elderly population are becoming aware and are moving towards the adoption of healthy aging. This has further helped the citizens 65 years of age or older to keep a check on their day-to-day activities in order to remain healthy. Hence, advancements in technology have given rise to techniques such as surgical simulation where surgeons are able to practice well before performing a complex surgery. The older population can remain stress-free regarding their well-being and can equally contribute to society as others. Furthermore, the growing adoption of advanced technologies like AR and VR in surgical simulators is further adding on to improving the efficiency of trainees, fueling the market growth in the forecast period and in the upcoming years.
Geographically, North America is expected to hold a significant market share in the global surgical simulation market owing to the early adoption of innovations and a shift from the volume-based care to the value-based care. Additionally, the highest health expenditure of the United States from the North American region is further burgeoning the market demand in this region.
Some of the major players covered as part of the report are CAE Inc., Gaumard® Scientific, and Surgical Science Sweden AB.
This report segmented the global surgical simulation market on the basis of following terms:
By Application
Laparoscopy Surgical Simulation
Gynaecology Surgical Simulation
Endoscopic Surgical Simulation
Cardiovascular Surgical Simulation
Arthroscopic Physiotherapy Surgical Simulation
Neurological Surgical Simulation
Others
By End-User
Hospitals
Research and Academic Institutions
Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Israel
Saudi Arabia
Others
Asia Pacific
China
Japan
South Korea
India
Others
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/01/surgical_simulation.jpg165520adminhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngadmin2023-01-07 12:49:472023-02-11 11:29:16Global Surgical Simulation Market is estimated to surge at a CAGR of 22.05% over the period 2018-2024
Knowledge Sourcing Intelligence announces the publication of a new report on “Global Data Visualization Market – Forecasts from 2019 to 2024" to their offering.
As completely digital era continues to set in, and flow of digital information across business functions in an enterprise continues to increase, the use of data visualization tools by enterprises of all sizes can be seen growing at an impressive pace. The use of these tools is not confined to enterprises as various institutions and other end users are also contributing significantly to the growing sales of such solutions.
According to the report, the Global Data Visualization Marketis projected to grow at a solid CAGR of 8.24% over the period 2018-2024. The market growth for these solutions is majorly attributed to growing competition across industries, which is pushing enterprises towards adopting strategies which can keep them ahead of their rivals. Since getting a clear visibility of every key aspect of the landscape is instrumental in designing better growth strategies, high adoption of data visualization tools can be seen among enterprises. Availability of a large number of players in this market and high investments by them into innovation has been bringing into the market solutions which cater to the diverse needs of end users. Since tailored solutions for different business needs are available at affordable prices, even small enterprises, institutions and individuals with limited budgets are showing a significantly high adoption of these tools, thus contributing to the growth of the market. Furthermore, growing popularity of data monetization among enterprises is adding to the growing demand for data visualization tools. As companies continue to monetize huge volumes of data generated by their digitized business functions, use of data visualization tools has been increasing among them. Growing number of data brokers worldwide, which collect huge volumes of information from various sources, refine, analyze and license it to their customers, has also been contributing to the growth of this market. Geographically, North America, Europe and Asia Pacific hold the major chunk of the market size. Flourishing industries in Europe and North America, and rapid growth of industries in Asia Pacific is boosting the revenue generation by data visualization solution vendors in these regions.
By deployment model, cloud deployment holds a significantly large share in this market on account of high cost-efficiency offered by this model. Retail, media and entertainment BFSI, communication and technology and consulting are some of the major end-user industries for vendors in this market. Although other industry verticals have also been showing considerably high adoption of data visualization solutions, these industries continue to hold a major share in the demand for these tools. As mergers, acquisitions and collaborative partnerships across this landscape continue to increase, better data visualization solutions, as result of synergies, are expected to continue entering the market over the projected period, thus driving the growth of the market.
Some of the major players covered as part of the report are IBM, Sisense Inc., TIBCO Software Inc., TABLEAU SOFTWARE, Datawrapper GmbH, Microsoft, Infogram, Plotly, Zoho Corporation Pvt. Ltd., and QlikTech among others.
This report segmented the data visualization market on the basis of the following:
By Deployment Model
On-Premise
Cloud
By End-User Industry
Retail
Media and Entertainment
BFSI
Communication and Technology
Consulting
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
UAE
Others
Asia Pacific
China
Japan
South Korea
India
Others
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/01/Data_Visualization.jpg165520adminhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngadmin2023-01-07 12:49:472023-02-11 11:29:16The Global Data Visualization Market expected to grow at an impressive CAGR of 8.24% over the forecast period and the market size is expected to reach US$13.227 billion in 2024
Organoid refers to grow organs under lab conditions. It can also be referred to as 3D cell culture technology which leads to the formation of organs that can be used to replace or regenerate any diseased tissue or organs.
This report provides forecast and analysis of the global organoid technology marketwhich is projected to fuel at an impressive CAGR of 28.11% during the forecast period of 2018-2024. The growth of the market is majorly attributed to the significantly growing healthcare industry throughout the globe. The increasing investments in healthcare research coupled with the growth in the biotech industry are also considered as the driving factors for the growth of the market during the forecast period. Moreover, growing ethical concerns regarding animal testing is further leading to a ban on animal testing is also anticipated to positively impact the growth of the market. The global organoid market has been segmented on the basis of type, application, and geography. North America and Europe are projected to hold a major market share on account of increasing investment towards research and development for the organoid technology, and the availability of a well-developed healthcare system coupled with stringent regulations against animal testing which have significantly encouraged the use of organoids for research purposes. Asia Pacific is projected to grow at a noteworthy CAGR throughout the forecast period owing to the growing support of the government for the drug development projects coupled with increasing investments in the healthcare sector and high economic growth.
On the basis of application, the market is segmented on the basis of cancer research, biomedical research, regenerative medicine, personalized medicine. Cancer research is expected to show promising growth as the organoid technology further helps to develop more physiological cancer models which are essential for a more efficient study of cancer and help develop novel treatment regimens for patients with cancer. Furthermore, the rising investments and participation of key players and new partnerships will also play a role in augmenting the market growth. For instance, in July 2019, the UK-based pre-clinical and clinical research services company, Epistem Limited, signed an agreement with Hubrecht Organoid Technology (HUB) to expand its in vitro model portfolio by delivering an increased range of multi-species organoid models. Similarly, in March 2019, Yamaha Motor Co., Ltd entered into a collaborative research project with the Netherlands-based leading organoid research center, Hubrecht Organoid Technology (HUB), to accelerate technology development while jointly analyzing business opportunities in this research field.
Some of the major players covered as part of the report are Cellesce Ltd, StemCell Technologies, Organoid Technologies GmbH, QGel SA, Trevigen Inc., and CORNING Incorporated among others.
This report segmented the global organoid technology market on the basis following terms:
By Type
Cerebral Organoid
Thyroid Organoid
Thymic Organoid
Testicular Organoid
Hepatic Organoid
Others
By Application
Cancer Research
Biomedical Research
Regenerative Medicine
Personalized Medicine
By Geography
North America
USA
Canada
South America
Europe
Germany
France
United Kingdom
Middle East and Africa
Asia Pacific
China
Japan
Australia
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Automated material handling (AMH) refers to any automation that reduces or eliminates the need for manual labor to do a certain task. Automated Material Handling system is an integrated system which involves activities such as handling, storing, and controlling of materials. The system is properly designed to ensure the minimum cost and compatibility with other manufacturing equipment while meeting the safety concerns. Automated material handling solutions eliminate the need for manual labor to perform different tasks such as sorting and optimizing among others.
According to the report, the Automated Material Handling Marketis projected to increase at a CAGR of 9.43% over the forecast period.
Growing focus on the workforce safety in hazardous working environments is the major driver of automated material handling market. Stringent government regulations to ensure proper safety of workers in different countries is significantly encouraging employers to opt for automation solutions at workplace. For example, in the U.S., OSHA (Occupational Safety and Health Administration) ensures that employers must comply with all applicable standards while employees work in a safe and healthy environment. High number of workplace injuries has also led to the adoption of automated material handling solutions across various industries. According to the U.S. Bureau of Labor Statistics, workplace injuries have declined by 25 per cent in 10 years due to the advent of advanced technologies at workplace. Growing e-commerce industry is another major factor that is boosting the demand for automated material handling systems and solutions. This has been on account of additional requirement of warehouses and solutions which can assist in improving business process efficiency while lowering the operational cost.
Geographically, automated material handling market is segmented as North America, South America, Europe, Middle East and Africa, and Asia Pacific. North America and Europe hold significant market share on account of early adoption of automated solutions across various end use industries on account of strict regulations and standards regarding workers’ safety. Labor shortage is another factor that is driving the demand for automated material handling systems in countries like U.S. and Canada. APAC will witness a significant market growth rate during the forecast period owing to the booming e-commerce industry in countries like China and India.
Some of the major players covered as part of the report are BEUMER Group, Daifuku Co., Ltd, Swisslog Holding AG, Siemens AG, Konecranes Plc, and Murata Machinery Ltd. among others.
This report segmented the automated material handling market on the basis following terms
By Product
Automated Guided Vehicle
Towing Vehicle
Unit Load Vehicle
Pallet Trucks
Fork Trucks
Hybrid Vehicles
Light Load
Assembly Line Vehicles
Custom AGVs
Others
Automated Storage and Retrieval System
Unit Load
Mini Load
Horizontal Carousels
Vertical Carousels
Robotic AS/RS
Others
By Industry Vertical
Manufacturing
Healthcare
Chemical
Paper
Food and Beverage
Warehousing
Others
By Geography
Americas
USA
Canada
Brazil
Mexico
Others
Europe Middle East and Africa
Europe
United Kingdom
Germany
France
Italy
Spain
Others
Middle East and Africa
Asia Pacific
Japan
China
India
Australia
South Korea
Others
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Enzymes, exogenous enzymes, supplemented with animal feed, are commercially available in the market worldwide and aid in enhancing the digestion processes. These enzymes are considered naturally safe and are important for animal nutrition.
This report provides forecast and analysis of the global feed enzymes marketwhich is projected to fuel at an impressive CAGR of 9.26% to attain a market size of USD1,611.612 million by the end of 2024.
The market is expected to propel in the forecast period owing to the increasing demand for adequate animal nutrition keeping in view the growing animal population worldwide. Feed form an important part in livestock farming, accounting for more than 50%. Hence, the demand for feed enzymes holds immense market opportunity, burgeoning the growth of the global feed enzymes market during the forecast period and in the coming years. However, certain strict regulations in the regions of Europe and North America are expected to impede the market growth in these regions during the forecast period. This is because, the rules and regulations regarding animal welfare and food safety are highly regulated, and this require constant approvals for the sale of feed enzymes here. Based on enzyme type, the market is segmented into carbohydrase, phytase, and protease. Among these, phytase is the most used enzyme and is expected to hold a significant market share as this assist in better and efficient growth of the animals.
On the other hand, the carbohydrase enzyme is accounted for showing good growth in the forecast period. This is due to the fact that these include enzymes such as amylase and xylanase and helps in improving the digestibility of carbohydrates in animals. On the basis of livestock, the market is categorized into ruminants, swine, poultry, aquatic animals, and others. Poultry is accounted to hold a significant market share and is expected to continue to hold a dominant market share during the forecast period. As per the OECD and FAO estimates for agriculture for the time period 2018-2027, poultry is projected to bolster its position in the meat industry and is poised to hold over 40% share in the meat produced during the same period. While swine is also expected to hold a good market share owing to the presence of market players offering feed enzymes to this segment of livestock.
Geographically, the Asia Pacific region is expected to hold a significant share in the global feed enzymes market, especially in emerging economies such as India and China. This is because of the fact that these countries are the largest provider of meat and thus account for a major share of farm animals. Hence, increasing the market demand for feed and feed additives like feed enzymes in the forecast period. Additionally, the demand for locally-grown meat like pork is further fueling the market demand here.
Some of the major players covered as part of the report are BASF SE, DuPont de Nemours, Inc., and DSM.
This report segmented the global feed enzymes market on the basis following terms:
By Enzyme Type
Carbohydrase
Phytases
Proteases
By Livestock
Ruminants
Swine
Poultry
Aquatic Animals
Others
By Form
Liquid
Dry
By Source
Plant
Animal
Fungi
Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
UAE
Others
Asia Pacific
China
Japan
South Korea
India
Others
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The global access control market is expected to grow from a market size of US$6.410 Billion in 2018 to US$9.194 Billion by 2024 with a CAGR of 6.20%. Access Control tools monitor access to environment, system or data to prevent any unauthorized intrusion or misuse of resources. It includes tasks starting with identifying the users’ credentials, checking their credibility through passwords, personal identification numbers, biometric scans, etc. in order to grant entrance to the user. Data, turning to be the biggest asset of the enterprises, demands to be protected from attacks by hackers or cybercriminals who have developed a keen interest and requisite skills to breach the security rules and escape unnoticed.
Factors such as technological advancements (encompassing homes and offices to industries and manufacturing), urbanization and globalization are major demand drivers for the access control market. Parallel to this, cybercrimes are also escalating. Digitalization of processes demands to protect the digital channels and the need to adhere to the safety compliances, imposed by the regulators, make it obligatory for the service providers to keep a robust access control system in place. Citizens’ Right to Privacy can be used as a tool to provide for punitive judgments to the offenders. The ultimate aim is to ensure safe and secure access to any resource.
Access Control Market Analysis by Product
By product, the access control market is segmented into two broad categories: software and hardware. Hardware dominates the market with more than 80% share by dealing with bio-metrics, cards & readers, mobile phones, electric door lock, control panels etc. The software segment would see high increment owing to the technological innovations over the forecast period via Cloud and Internet of Things based access control systems.
Access Control Market Analysis by Geography
By geography, the access control market has been segmented into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. Asia Pacific region holds a notable share of the market and is expected to witness a healthy CAGR. The proliferation of the IT Industry due to urbanization and globalization in many countries like India is boosting the demand for access control systems. With the data getting accumulated and leveraged rapidly for a variety of reasons, more and more compliance policies and procedures are getting added to the laws framed by different regions such as North America and Europe. Some regions are more prone than their counterparts to fall prey to such malware or ransomware attacks.
According to the President’s Budget FY 2019 (United States), cybersecurity-related activities’ funding (CFO Act Agencies) saw an increase of 4.1% over FY 2018 by $583.4 million to reach an enormous corpus of $15 billion. The Department of Defence, which is highly susceptible to the data security breach, contributes $8.5 billion to it.
Trends that will matter
The market for Information Security or the amount estimated to be expensed on consultation or implementation of services revolving around data security is expected to grow at a lofty rate. Organizations not only suffer from loss of data or data integrity, but they also face impairment of their goodwill causing the share price to the tank (as in the case of Facebook). A data breach can leak passwords, credit card details, location and other private details. Having said that, this leaked data can be used to manipulate the people for the bad.
The latest tools that will be employed to attack the sanity of the data would be artificial intelligence and machine learning on mobile-based or cloud-based data. Also, as infrastructure technology moves into the 5G spectrum, there exists a possibility of a threat to the new technology and this calls for inspection and detection of the loopholes in this new technology which would involve more spending from the service providers’ end. Within a country, most vulnerable sectors are government, retail and technology.
Demand for jobs in Information security will be facing an upward trend. According to the US Bureau of Labour Statistics, the number of Information Security Analysts Job in 2018 was 112,300 but is expected to rise by 32% (average rate of all occupations is 5%) from 2018 to 2028. Information Security Analysts are involved in planning, developing and maintaining the security measures for safeguarding the networks and facilities of the organizations, and in case of a security breach, they are obligated to renovate the IT Structure which was taken advantage of. They also need to be cognizant of the state-of-the-art technology which can be employed to shield the information.
Analysis of the access control market makes it evident that this is going to be a sector that would be demanding as well as yielding at the same time. Accelerated advancement in access controls would make it even more complicated to manage.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/01/access_control1.jpg165520adminhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngadmin2023-01-07 12:49:472024-04-30 06:15:12The Growing Role of Access Control Systems
Feed additives are non-nutritive substances that are added into animal feed to improve growth performance. These are specialty ingredients that provide nutritional value and preserve the feed from deteriorating too rapidly while adding a nutritious dimension for livestock including pigs, cattle, fish, and poultry. Feed additives provide essential nutrients in the concentrated form to enhance the nutritional level of the feed and lead to eco-friendly livestock production.
According to the report, the Feed Additives Marketis projected to increase at a CAGR of 4.53% over the forecast period 2018-2024.
Growing global consumption of meat is the major driver of global feed additives market. According to the FAO, global meat consumption is projected to increase from 41.3kg per capita in 2015 to 45.3kg per capita in 2030. Rapid shift towards protein-rich diet is encouraging people to consume animal products including eggs, meat, fish, and pork. Growing concerns regarding environmental sustainability issues is another major driver of growing global feed additives market. According to the data provided by the United Nations, livestock generate 14. 5 per cent of global greenhouse gas emissions. The use of feed additives results in feed efficiency and thus, on animal as well as environmental performance.
Global warming has led to a rise of new animal diseases which is further boosting the demand for efficient feed additives in order to maintain proper health of livestock species. High livestock trade and animal movements during festive periods are commonly associated with the increased probability of disease spread (such as H5N1 HPAI) in countries like China and Vietnam. However, stringent government regulations regarding the use of certain feed additives is currently restraining the growth of global feed additives market. For example, the use of antibiotics in animal feed is completely banned in the U.S. and Europe. Another factor that is expected to hamper the growth of feed additives market during the forecast period is the emerging popularity of vegan diet and other protein-rich food items including plant based protein and insect protein.
Geographically, the market is segmented as North America, South America, Europe, Middle East and Africa, and Asia Pacific. APAC is projected to witness a significant CAGR during the forecast period owing to the rapid rise in the livestock production in countries like China and India. Growing adoption of innovative agricultural and animal husbandry practices in APAC countries further contributes to the growth of feed additives market in APAC.
Some of the major players covered as part of the report are Cargill Incorporated, BASF SE, Novozymes, Adisseo France SAS, Nutreco, Chr. Hansen, Evonik Industries, Archer Daniels Midland Company, ALltech Inc., and DSM among others.
This report segmented the Feed Additives market on the basis following terms
By Product Type
Antibiotic
Tetracycline
Penicillin
Enzyme
Carbohydrates
Phytases
Others
Vitamin
Vitamin A
Vitamin E
Vitamin B
Vitamin C
Vitamin D
Amino Acid
DL-Methionine
L-Lysine HCL
L-Threonine
L-Tryptophan
Antioxidant
Ethoxyquin
BHA
BHT
Acidifiers
Inorganic
Organic
Compound
Minerals
Micro
Macro
Others
By Livestock
Aquatic
Poultry
Swine
Cattle
Others
By Form
Dry
Liquid
By Source
Synthetic
Natural
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Israel
Saudi Arabia
Others
Asia Pacific
China
Japan
South Korea
India
Others
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The market for the enterprise server market is expected to surge with a double-digit growth rate owing to a wide adoption of cloud computing among enterprises. Additionally, enterprise servers hold importance in mission-critical applications which usually fault-tolerant and utilize customized hardware and software having low failure rates, thus, maximizes the server uptime. Key features of an efficient enterprise server include data conflation, improved connectivity through effective network management, expedites streaming data connections via UDP broadcast and IP multicast technologies, provides benefit to organizations by making the most out of the limited IT resources, resulting in enhancing the IT productivity.
Key Trends in 2019:
1. Adoption of cloud-computing worldwide
Companies and organizations across the globe require an effective, secure and cost-effective solution to manage their data. Cloud storage solutions help companies and organizations reduce their operational costs by saving money on many fronts such as server maintenance, power and cooling costs, and software licensing and upgrade expenses. Many SMEs (Small and Medium Enterprises) with low budgets across the globe are adopting cloud computing solutions owing to the greater access to the internet. According to EuroStat, 26% of EU enterprises used cloud computing in 2018, which rose from 19% in 2014 and 21% in 2016.
Cloud-based solutions improve connectivity among employees and save time, resulting in increased efficiency of business operations. According to Flexera Software LLC, headquartered in the Itasca, Illinois, United States, the multi-cloud strategy is the most preferred choice among the enterprises accounting to around 80%. The adoption of public cloud increased from over 85% in 2017 to over 90% in 2018. Thus, the demand for cloud computing is increasing significantly among enterprises with the growing public cloud spending.
2. Growing IT investment
With cloud storage and cloud computing gaining traction and are being adopted by large and small businesses, the IT spending is also rising simultaneously. This is further providing an impetus to IT services in staying ahead in the current technology era. Modern digital technologies such as artificial intelligence (AI), virtual reality (VR) are coming into practice and the sector is being dominated by the cloud infrastructure. With more than half of the activities in most of the business enterprises are on the cloud-based platforms, the IT spending continues to soar with the surge in demand for these cloud-based solutions. Therefore, cloud computing, big data, and IT security have already been prioritized as the top drivers for IT spending. Many developing countries are investing heavily in information technology in order to achieve higher economic developments. The United States has invested the maximum of its total spending on information technology. Moving on to the Middle East region, the Kingdom of Saudi Arabia is also showing interest in investments in information technology on an international level.
3. Rapid growth of internet of things and big data
There will be an increasing number of connected devices in the coming years with the rapid adoption of the internet of things and this will create trillions of data every hour that needs to be handled, and here comes the big data which can easily solve the problem. Big data has the capacity to handle huge and complex data, Hadoop is the open-source software ecosystem which has the provision for an immense data storage and high processing power with the ability to manage virtually n number of tasks from the IoT devices. Thus, providing assistance in coping up with the increasing volumes of data and, in turn, fueling the market growth.
4. Growing number of data centers
As the number of data generated every year continues to soar showing no signs of slowing in the future as well, the companies are moving on to the expansion of their data storage capabilities with the growing adoption of cloud computing. Thus, the growth in the number of data centers provides an excellent option for managing huge volumes of data. Hence, with the increasing global demand for huge data storage, the number of data centers is also continuing to surge, propelling market growth as well. Additionally, the focus is being laid towards the hyperscale data centers, resulting in demand for servers. This is because of the fact that these hyperscale data centers rely on specialized infrastructure scaling cloud computing to achieve high performance, thus, contributing to reducing power consumption and lowering of carbon footprint. Europe houses the tech hubs in a number of major cities which include Dublin as the center of tech excellence with booming data centers, Netherlands as the fastest growing data center market, Germany having a high internet bandwidth capacity and London, which is referred to as the tech capital of Europe and one of the world’s largest data center markets. The City of London has one of the largest and the most comprehensive financial centers globally and is regarded by the investors because of its solid regulatory, legal and tax environments, known for its supportive market infrastructure and highly skilled and dynamic workforce.
Future Prospects:
Growing trend towards the adoption of AI and Machine learning in cloud computing
With technological advancements in the IT industry, AI and machine learning are proving to be a disruptive technology, providing benefit to enterprises across various industry verticals. As the companies are moving on to the adoption of cloud computing, AI is benefiting the companies in increasing the computation power with more sophisticated algorithms. The technology is becoming crucial in managing huge data overload with network devices carrying billions of gigabytes each day. With growing digitalization, AI along with cloud computing will further enhance the abilities of the cloud forming an “intelligent cloud” and will be helpful in predicting and analysing situations, thus serving as an intelligent platform for task performance without human intervention, thus avoiding human error.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/01/enterprise-server-market.jpg165520adminhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngadmin2023-01-07 12:49:472023-02-11 11:29:15The Global Demand for Enterprise Server Market Continue to Propel With the Growing Number of Data Centers With an Improved It Infrastructure
Knowledge Sourcing Intelligence announces the publication of a new report on “3D Metrology Market – Forecasts from 2019 to 2024" to their offering. 3D metrology solutions enable the measurement of different components that allows the manufacturers to adhere to industry standards and regulations.
The 3D metrology marketis estimated to be valued at US$8,993.104 million in 2018 and is projected to expand at a CAGR of 9.79% to reach a market size of US$15,748.559 million in 2024. The growing focus by the manufacturers to optimize the cost of operations along with improving the development cycle is propelling the growth of the 3D metrology market. For instance, the automotive industry has to comply with regulations aiming to reduce environmental emission which is leading to automotive manufactures using different construction materials and new material combinations. As a result, the new materials must be tested so that it meets the requirement on performance, crash safety, and durability.
By industry vertical, the automotive industry is estimated to dominate the market in 2018 and is projected to continue to do so throughout the forecast period. Similarly, in the aerospace and defense industry, the number of commercial aircraft production is anticipated to increase on account of the growing demand for air travel. The 3D metrology solutions are used to provide the information regarding the load, fatigue, and damage tolerance of the material used while manufacturing aircraft. Moreover, it tends to reduce the cost of manufacturing aircraft by reducing the time for scanning the different components, thus providing the benefit of enhanced speed and throughput along with accuracy. Moreover, the healthcare industry has also been witnessing an increasing adoption of 3D metrology technology. It allows designing a significantly improved treatment package for the patients by giving more accurate scanning results. In fact, the manufacturers of medical devices are increasingly adopting 3D metrology solution due to its ability to provide high precision required for the production of medical devices.
Some of the major players covered as part of the report are Faro Technologies, Inc., Hexagon AB, Nikon Corporation, Zygo Corporation, Advantest Corporation, and GOM GmbH among others.
The 3D metrology market has been analyzed through the following segments:
By Solution Component
Hardware
Software
Services
By Product
Optical Digitizer and Scanner
Coordinate Measuring Machine
Video Measuring Machine
By Industry Vertical
Automotive
Aerospace and Defense
Healthcare
Construction
Energy and Power
Consumer Electronics
Others
By Geography
Americas
North America
South America
Europe Middle East and Africa
Europe
Middle East and Africa
Asia Pacific
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/01/3d_metrology.jpg165520adminhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngadmin2023-01-07 12:49:472023-02-11 11:29:15The 3D Metrology Market is anticipated to attain a market size of US$15,748.559 million by 2024, growing at a CAGR of 9.79%
Biosimulation holds immense opportunity for the market to thrive during the forecast and coming years with the growing curiosity among the healthcare professionals and patients regarding prevention against chronic and many other diseases.
This report provides forecast and analysis of the global biosimulation marketwhich is estimated to propel at a CAGR of 16.54% to reach a market size of US$4,673.474 million by the end of 2024.The market is expected to foresee a significant growth during the forecast period owing to the growing geriatric population worldwide where biosimulation may be helpful in finding an effective cure for the treatment of age-associated diseases, contributing towards healthy aging. Additionally, with the increasing number of chronic diseases worldwide, the market for biosimulation is further projected to grow at a significant rate during the forecast period. The growing investment in research and development along with technological advancements in the drug development processes is fueling the market demand in the forecast period and in the coming years. Also, with the trend of personalized medicine gaining traction owing to the emergence of new diseases is further creating a favourable environment for the market to thrive in the forecast period and in the coming years in order to find targeted therapies for diseases.
However, stringent regulatory procedures for the development and approval of drugs and medical devices may pose a threat in hampering the growth of the global biosimulation market in the forecast period. Increasing collaborations and partnerships among many organizations in the world for drug discovery and drug development via biosimulation is further bolstering the market growth in the forecast period and in the coming years. Geographically, North America is expected to hold a significant market share in the global biosimulation market owing to the early adoption of innovations and a shift from the volume-based care to the value-based care. Additionally, the highest health expenditure of the United States from the North American region is further burgeoning the market demand in this region.
Some of the major players covered as part of the report are Certara USA, Inc., Schrödinger, LLC, and Simulations Plus.
This report segmented the global biosimulation market on the basis following terms:
By Type
Software
Services
By Application
Drug Development
Drug Discovery
Others
By End-User Industry
Pharmaceutical Companies
Academic Institutions
Research Organizations
Others
Geography
North America
By Type
By Application
By End-User Industry
By Country
USA
Canada
Mexico
South America
By Type
By Application
By End-User Industry
By Country
Brazil
Argentina
Others
Europe
By Type
By Application
By End-User Industry
By Country
Germany
France
UK
Spain
Others
Middle East and Africa
By Type
By Application
By End-User Industry
By Country
Israel
Saudi Arabia
Others
Asia Pacific
By Type
By Application
By End-User Industry
By Country
China
Japan
South Korea
India
Others
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/01/Biosimulation-market.jpg165520adminhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngadmin2023-01-07 12:49:472023-02-11 11:29:15Global Biosimulation Market is projected to soar with an impressive CAGR of 16.54% over the period 2019-2024
Global Surgical Simulation Market is estimated to surge at a CAGR of 22.05% over the period 2018-2024
Press ReleasesSurgical simulation now a days has emerged as an advancement in medical training due to increased public pressure for improvement in control of surgeries and preventing medical errors.
This report provides forecast and analysis of the global surgical simulation market which is projected to grow at a double-digit growth rate of 22.05% to reach a market size of USD712.265 million by the end of 2024.The market is expected to foresee a significant growth during the forecast period owing to the growing popularity of simulation as it helps in honing the skills of a medical practitioner. The growing health expenditure worldwide is driving the market growth in the forecast period. Also, the growing healthcare industry with the adoption of state-of-the-art technologies by varied healthcare organizations is further fueling the market demand in the forecast period owing to providing better patient care. Growing investments in research and technology by key market players is further leading to propelling the growth of the global surgical simulation market during the forecast period.
The growing global geriatric population, which is expected to reach over one billion by 2050 (source: National Institutes of Health) is driving the market growth in the forecast period. With the rise in upcoming advancements in technology and the adoption of healthy living conditions, the elderly population are becoming aware and are moving towards the adoption of healthy aging. This has further helped the citizens 65 years of age or older to keep a check on their day-to-day activities in order to remain healthy. Hence, advancements in technology have given rise to techniques such as surgical simulation where surgeons are able to practice well before performing a complex surgery. The older population can remain stress-free regarding their well-being and can equally contribute to society as others. Furthermore, the growing adoption of advanced technologies like AR and VR in surgical simulators is further adding on to improving the efficiency of trainees, fueling the market growth in the forecast period and in the upcoming years.
Geographically, North America is expected to hold a significant market share in the global surgical simulation market owing to the early adoption of innovations and a shift from the volume-based care to the value-based care. Additionally, the highest health expenditure of the United States from the North American region is further burgeoning the market demand in this region.
Some of the major players covered as part of the report are CAE Inc., Gaumard® Scientific, and Surgical Science Sweden AB.
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This report segmented the global surgical simulation market on the basis of following terms:
The Global Data Visualization Market expected to grow at an impressive CAGR of 8.24% over the forecast period and the market size is expected to reach US$13.227 billion in 2024
Press ReleasesKnowledge Sourcing Intelligence announces the publication of a new report on “Global Data Visualization Market – Forecasts from 2019 to 2024" to their offering.
As completely digital era continues to set in, and flow of digital information across business functions in an enterprise continues to increase, the use of data visualization tools by enterprises of all sizes can be seen growing at an impressive pace. The use of these tools is not confined to enterprises as various institutions and other end users are also contributing significantly to the growing sales of such solutions.
According to the report, the Global Data Visualization Market is projected to grow at a solid CAGR of 8.24% over the period 2018-2024. The market growth for these solutions is majorly attributed to growing competition across industries, which is pushing enterprises towards adopting strategies which can keep them ahead of their rivals. Since getting a clear visibility of every key aspect of the landscape is instrumental in designing better growth strategies, high adoption of data visualization tools can be seen among enterprises. Availability of a large number of players in this market and high investments by them into innovation has been bringing into the market solutions which cater to the diverse needs of end users. Since tailored solutions for different business needs are available at affordable prices, even small enterprises, institutions and individuals with limited budgets are showing a significantly high adoption of these tools, thus contributing to the growth of the market. Furthermore, growing popularity of data monetization among enterprises is adding to the growing demand for data visualization tools. As companies continue to monetize huge volumes of data generated by their digitized business functions, use of data visualization tools has been increasing among them. Growing number of data brokers worldwide, which collect huge volumes of information from various sources, refine, analyze and license it to their customers, has also been contributing to the growth of this market. Geographically, North America, Europe and Asia Pacific hold the major chunk of the market size. Flourishing industries in Europe and North America, and rapid growth of industries in Asia Pacific is boosting the revenue generation by data visualization solution vendors in these regions.
By deployment model, cloud deployment holds a significantly large share in this market on account of high cost-efficiency offered by this model. Retail, media and entertainment BFSI, communication and technology and consulting are some of the major end-user industries for vendors in this market. Although other industry verticals have also been showing considerably high adoption of data visualization solutions, these industries continue to hold a major share in the demand for these tools. As mergers, acquisitions and collaborative partnerships across this landscape continue to increase, better data visualization solutions, as result of synergies, are expected to continue entering the market over the projected period, thus driving the growth of the market.
Some of the major players covered as part of the report are IBM, Sisense Inc., TIBCO Software Inc., TABLEAU SOFTWARE, Datawrapper GmbH, Microsoft, Infogram, Plotly, Zoho Corporation Pvt. Ltd., and QlikTech among others.
View a sample of the report or purchase complete study at https://www.knowledge-sourcing.com/report/data-visualization-market
This report segmented the data visualization market on the basis of the following:
Global Organoid Technology Market is projected to boom at a CAGR of 28.11% during the forecast period
Press ReleasesOrganoid refers to grow organs under lab conditions. It can also be referred to as 3D cell culture technology which leads to the formation of organs that can be used to replace or regenerate any diseased tissue or organs.
This report provides forecast and analysis of the global organoid technology market which is projected to fuel at an impressive CAGR of 28.11% during the forecast period of 2018-2024. The growth of the market is majorly attributed to the significantly growing healthcare industry throughout the globe. The increasing investments in healthcare research coupled with the growth in the biotech industry are also considered as the driving factors for the growth of the market during the forecast period. Moreover, growing ethical concerns regarding animal testing is further leading to a ban on animal testing is also anticipated to positively impact the growth of the market. The global organoid market has been segmented on the basis of type, application, and geography. North America and Europe are projected to hold a major market share on account of increasing investment towards research and development for the organoid technology, and the availability of a well-developed healthcare system coupled with stringent regulations against animal testing which have significantly encouraged the use of organoids for research purposes. Asia Pacific is projected to grow at a noteworthy CAGR throughout the forecast period owing to the growing support of the government for the drug development projects coupled with increasing investments in the healthcare sector and high economic growth.
On the basis of application, the market is segmented on the basis of cancer research, biomedical research, regenerative medicine, personalized medicine. Cancer research is expected to show promising growth as the organoid technology further helps to develop more physiological cancer models which are essential for a more efficient study of cancer and help develop novel treatment regimens for patients with cancer. Furthermore, the rising investments and participation of key players and new partnerships will also play a role in augmenting the market growth. For instance, in July 2019, the UK-based pre-clinical and clinical research services company, Epistem Limited, signed an agreement with Hubrecht Organoid Technology (HUB) to expand its in vitro model portfolio by delivering an increased range of multi-species organoid models. Similarly, in March 2019, Yamaha Motor Co., Ltd entered into a collaborative research project with the Netherlands-based leading organoid research center, Hubrecht Organoid Technology (HUB), to accelerate technology development while jointly analyzing business opportunities in this research field.
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Some of the major players covered as part of the report are Cellesce Ltd, StemCell Technologies, Organoid Technologies GmbH, QGel SA, Trevigen Inc., and CORNING Incorporated among others.
This report segmented the global organoid technology market on the basis following terms:
By Type
Cerebral Organoid
Thyroid Organoid
Thymic Organoid
Testicular Organoid
Hepatic Organoid
Others
By Application
Cancer Research
Biomedical Research
Regenerative Medicine
Personalized Medicine
By Geography
USA
Canada
Germany
France
United Kingdom
China
Japan
Australia
Automated Material Handling Market estimated to grow at a CAGR of 9.43% to reach US$40.958 billion by 2024
Press ReleasesAutomated material handling (AMH) refers to any automation that reduces or eliminates the need for manual labor to do a certain task. Automated Material Handling system is an integrated system which involves activities such as handling, storing, and controlling of materials. The system is properly designed to ensure the minimum cost and compatibility with other manufacturing equipment while meeting the safety concerns. Automated material handling solutions eliminate the need for manual labor to perform different tasks such as sorting and optimizing among others.
According to the report, the Automated Material Handling Market is projected to increase at a CAGR of 9.43% over the forecast period.
Growing focus on the workforce safety in hazardous working environments is the major driver of automated material handling market. Stringent government regulations to ensure proper safety of workers in different countries is significantly encouraging employers to opt for automation solutions at workplace. For example, in the U.S., OSHA (Occupational Safety and Health Administration) ensures that employers must comply with all applicable standards while employees work in a safe and healthy environment. High number of workplace injuries has also led to the adoption of automated material handling solutions across various industries. According to the U.S. Bureau of Labor Statistics, workplace injuries have declined by 25 per cent in 10 years due to the advent of advanced technologies at workplace. Growing e-commerce industry is another major factor that is boosting the demand for automated material handling systems and solutions. This has been on account of additional requirement of warehouses and solutions which can assist in improving business process efficiency while lowering the operational cost.
Geographically, automated material handling market is segmented as North America, South America, Europe, Middle East and Africa, and Asia Pacific. North America and Europe hold significant market share on account of early adoption of automated solutions across various end use industries on account of strict regulations and standards regarding workers’ safety. Labor shortage is another factor that is driving the demand for automated material handling systems in countries like U.S. and Canada. APAC will witness a significant market growth rate during the forecast period owing to the booming e-commerce industry in countries like China and India.
Some of the major players covered as part of the report are BEUMER Group, Daifuku Co., Ltd, Swisslog Holding AG, Siemens AG, Konecranes Plc, and Murata Machinery Ltd. among others.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/automated-material-handling-market
This report segmented the automated material handling market on the basis following terms
Global Feed Enzymes Market is estimated to augment at a CAGR of 9.26% over the forecasts period
Press ReleasesSUMMARY:
Enzymes, exogenous enzymes, supplemented with animal feed, are commercially available in the market worldwide and aid in enhancing the digestion processes. These enzymes are considered naturally safe and are important for animal nutrition.
This report provides forecast and analysis of the global feed enzymes market which is projected to fuel at an impressive CAGR of 9.26% to attain a market size of USD1,611.612 million by the end of 2024.
The market is expected to propel in the forecast period owing to the increasing demand for adequate animal nutrition keeping in view the growing animal population worldwide. Feed form an important part in livestock farming, accounting for more than 50%. Hence, the demand for feed enzymes holds immense market opportunity, burgeoning the growth of the global feed enzymes market during the forecast period and in the coming years. However, certain strict regulations in the regions of Europe and North America are expected to impede the market growth in these regions during the forecast period. This is because, the rules and regulations regarding animal welfare and food safety are highly regulated, and this require constant approvals for the sale of feed enzymes here. Based on enzyme type, the market is segmented into carbohydrase, phytase, and protease. Among these, phytase is the most used enzyme and is expected to hold a significant market share as this assist in better and efficient growth of the animals.
On the other hand, the carbohydrase enzyme is accounted for showing good growth in the forecast period. This is due to the fact that these include enzymes such as amylase and xylanase and helps in improving the digestibility of carbohydrates in animals. On the basis of livestock, the market is categorized into ruminants, swine, poultry, aquatic animals, and others. Poultry is accounted to hold a significant market share and is expected to continue to hold a dominant market share during the forecast period. As per the OECD and FAO estimates for agriculture for the time period 2018-2027, poultry is projected to bolster its position in the meat industry and is poised to hold over 40% share in the meat produced during the same period. While swine is also expected to hold a good market share owing to the presence of market players offering feed enzymes to this segment of livestock.
Geographically, the Asia Pacific region is expected to hold a significant share in the global feed enzymes market, especially in emerging economies such as India and China. This is because of the fact that these countries are the largest provider of meat and thus account for a major share of farm animals. Hence, increasing the market demand for feed and feed additives like feed enzymes in the forecast period. Additionally, the demand for locally-grown meat like pork is further fueling the market demand here.
Some of the major players covered as part of the report are BASF SE, DuPont de Nemours, Inc., and DSM.
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This report segmented the global feed enzymes market on the basis following terms:
The Growing Role of Access Control Systems
BlogThe global access control market is expected to grow from a market size of US$6.410 Billion in 2018 to US$9.194 Billion by 2024 with a CAGR of 6.20%. Access Control tools monitor access to environment, system or data to prevent any unauthorized intrusion or misuse of resources. It includes tasks starting with identifying the users’ credentials, checking their credibility through passwords, personal identification numbers, biometric scans, etc. in order to grant entrance to the user. Data, turning to be the biggest asset of the enterprises, demands to be protected from attacks by hackers or cybercriminals who have developed a keen interest and requisite skills to breach the security rules and escape unnoticed.
Factors such as technological advancements (encompassing homes and offices to industries and manufacturing), urbanization and globalization are major demand drivers for the access control market. Parallel to this, cybercrimes are also escalating. Digitalization of processes demands to protect the digital channels and the need to adhere to the safety compliances, imposed by the regulators, make it obligatory for the service providers to keep a robust access control system in place. Citizens’ Right to Privacy can be used as a tool to provide for punitive judgments to the offenders. The ultimate aim is to ensure safe and secure access to any resource.
Access Control Market Analysis by Product
By product, the access control market is segmented into two broad categories: software and hardware. Hardware dominates the market with more than 80% share by dealing with bio-metrics, cards & readers, mobile phones, electric door lock, control panels etc. The software segment would see high increment owing to the technological innovations over the forecast period via Cloud and Internet of Things based access control systems.
Access Control Market Analysis by Geography
By geography, the access control market has been segmented into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. Asia Pacific region holds a notable share of the market and is expected to witness a healthy CAGR. The proliferation of the IT Industry due to urbanization and globalization in many countries like India is boosting the demand for access control systems. With the data getting accumulated and leveraged rapidly for a variety of reasons, more and more compliance policies and procedures are getting added to the laws framed by different regions such as North America and Europe. Some regions are more prone than their counterparts to fall prey to such malware or ransomware attacks.
According to the President’s Budget FY 2019 (United States), cybersecurity-related activities’ funding (CFO Act Agencies) saw an increase of 4.1% over FY 2018 by $583.4 million to reach an enormous corpus of $15 billion. The Department of Defence, which is highly susceptible to the data security breach, contributes $8.5 billion to it.
Trends that will matter
The market for Information Security or the amount estimated to be expensed on consultation or implementation of services revolving around data security is expected to grow at a lofty rate. Organizations not only suffer from loss of data or data integrity, but they also face impairment of their goodwill causing the share price to the tank (as in the case of Facebook). A data breach can leak passwords, credit card details, location and other private details. Having said that, this leaked data can be used to manipulate the people for the bad.
The latest tools that will be employed to attack the sanity of the data would be artificial intelligence and machine learning on mobile-based or cloud-based data. Also, as infrastructure technology moves into the 5G spectrum, there exists a possibility of a threat to the new technology and this calls for inspection and detection of the loopholes in this new technology which would involve more spending from the service providers’ end. Within a country, most vulnerable sectors are government, retail and technology.
Demand for jobs in Information security will be facing an upward trend. According to the US Bureau of Labour Statistics, the number of Information Security Analysts Job in 2018 was 112,300 but is expected to rise by 32% (average rate of all occupations is 5%) from 2018 to 2028. Information Security Analysts are involved in planning, developing and maintaining the security measures for safeguarding the networks and facilities of the organizations, and in case of a security breach, they are obligated to renovate the IT Structure which was taken advantage of. They also need to be cognizant of the state-of-the-art technology which can be employed to shield the information.
Analysis of the access control market makes it evident that this is going to be a sector that would be demanding as well as yielding at the same time. Accelerated advancement in access controls would make it even more complicated to manage.
Feed Additives Market estimated to grow at a CAGR of 4.53% to reach US$40.108 billion by 2024
Press ReleasesFeed additives are non-nutritive substances that are added into animal feed to improve growth performance. These are specialty ingredients that provide nutritional value and preserve the feed from deteriorating too rapidly while adding a nutritious dimension for livestock including pigs, cattle, fish, and poultry. Feed additives provide essential nutrients in the concentrated form to enhance the nutritional level of the feed and lead to eco-friendly livestock production.
According to the report, the Feed Additives Market is projected to increase at a CAGR of 4.53% over the forecast period 2018-2024.
Growing global consumption of meat is the major driver of global feed additives market. According to the FAO, global meat consumption is projected to increase from 41.3kg per capita in 2015 to 45.3kg per capita in 2030. Rapid shift towards protein-rich diet is encouraging people to consume animal products including eggs, meat, fish, and pork. Growing concerns regarding environmental sustainability issues is another major driver of growing global feed additives market. According to the data provided by the United Nations, livestock generate 14. 5 per cent of global greenhouse gas emissions. The use of feed additives results in feed efficiency and thus, on animal as well as environmental performance.
Global warming has led to a rise of new animal diseases which is further boosting the demand for efficient feed additives in order to maintain proper health of livestock species. High livestock trade and animal movements during festive periods are commonly associated with the increased probability of disease spread (such as H5N1 HPAI) in countries like China and Vietnam. However, stringent government regulations regarding the use of certain feed additives is currently restraining the growth of global feed additives market. For example, the use of antibiotics in animal feed is completely banned in the U.S. and Europe. Another factor that is expected to hamper the growth of feed additives market during the forecast period is the emerging popularity of vegan diet and other protein-rich food items including plant based protein and insect protein.
Geographically, the market is segmented as North America, South America, Europe, Middle East and Africa, and Asia Pacific. APAC is projected to witness a significant CAGR during the forecast period owing to the rapid rise in the livestock production in countries like China and India. Growing adoption of innovative agricultural and animal husbandry practices in APAC countries further contributes to the growth of feed additives market in APAC.
Some of the major players covered as part of the report are Cargill Incorporated, BASF SE, Novozymes, Adisseo France SAS, Nutreco, Chr. Hansen, Evonik Industries, Archer Daniels Midland Company, ALltech Inc., and DSM among others.
View a sample of the report or purchase complete study at https://www.knowledge-sourcing.com/report/feed-additives-market
This report segmented the Feed Additives market on the basis following terms
The Global Demand for Enterprise Server Market Continue to Propel With the Growing Number of Data Centers With an Improved It Infrastructure
BlogThe market for the enterprise server market is expected to surge with a double-digit growth rate owing to a wide adoption of cloud computing among enterprises. Additionally, enterprise servers hold importance in mission-critical applications which usually fault-tolerant and utilize customized hardware and software having low failure rates, thus, maximizes the server uptime. Key features of an efficient enterprise server include data conflation, improved connectivity through effective network management, expedites streaming data connections via UDP broadcast and IP multicast technologies, provides benefit to organizations by making the most out of the limited IT resources, resulting in enhancing the IT productivity.
Key Trends in 2019:
1. Adoption of cloud-computing worldwide
Companies and organizations across the globe require an effective, secure and cost-effective solution to manage their data. Cloud storage solutions help companies and organizations reduce their operational costs by saving money on many fronts such as server maintenance, power and cooling costs, and software licensing and upgrade expenses. Many SMEs (Small and Medium Enterprises) with low budgets across the globe are adopting cloud computing solutions owing to the greater access to the internet. According to EuroStat, 26% of EU enterprises used cloud computing in 2018, which rose from 19% in 2014 and 21% in 2016.
Cloud-based solutions improve connectivity among employees and save time, resulting in increased efficiency of business operations. According to Flexera Software LLC, headquartered in the Itasca, Illinois, United States, the multi-cloud strategy is the most preferred choice among the enterprises accounting to around 80%. The adoption of public cloud increased from over 85% in 2017 to over 90% in 2018. Thus, the demand for cloud computing is increasing significantly among enterprises with the growing public cloud spending.
2. Growing IT investment
With cloud storage and cloud computing gaining traction and are being adopted by large and small businesses, the IT spending is also rising simultaneously. This is further providing an impetus to IT services in staying ahead in the current technology era. Modern digital technologies such as artificial intelligence (AI), virtual reality (VR) are coming into practice and the sector is being dominated by the cloud infrastructure. With more than half of the activities in most of the business enterprises are on the cloud-based platforms, the IT spending continues to soar with the surge in demand for these cloud-based solutions. Therefore, cloud computing, big data, and IT security have already been prioritized as the top drivers for IT spending. Many developing countries are investing heavily in information technology in order to achieve higher economic developments. The United States has invested the maximum of its total spending on information technology. Moving on to the Middle East region, the Kingdom of Saudi Arabia is also showing interest in investments in information technology on an international level.
3. Rapid growth of internet of things and big data
There will be an increasing number of connected devices in the coming years with the rapid adoption of the internet of things and this will create trillions of data every hour that needs to be handled, and here comes the big data which can easily solve the problem. Big data has the capacity to handle huge and complex data, Hadoop is the open-source software ecosystem which has the provision for an immense data storage and high processing power with the ability to manage virtually n number of tasks from the IoT devices. Thus, providing assistance in coping up with the increasing volumes of data and, in turn, fueling the market growth.
4. Growing number of data centers
As the number of data generated every year continues to soar showing no signs of slowing in the future as well, the companies are moving on to the expansion of their data storage capabilities with the growing adoption of cloud computing. Thus, the growth in the number of data centers provides an excellent option for managing huge volumes of data. Hence, with the increasing global demand for huge data storage, the number of data centers is also continuing to surge, propelling market growth as well. Additionally, the focus is being laid towards the hyperscale data centers, resulting in demand for servers. This is because of the fact that these hyperscale data centers rely on specialized infrastructure scaling cloud computing to achieve high performance, thus, contributing to reducing power consumption and lowering of carbon footprint. Europe houses the tech hubs in a number of major cities which include Dublin as the center of tech excellence with booming data centers, Netherlands as the fastest growing data center market, Germany having a high internet bandwidth capacity and London, which is referred to as the tech capital of Europe and one of the world’s largest data center markets. The City of London has one of the largest and the most comprehensive financial centers globally and is regarded by the investors because of its solid regulatory, legal and tax environments, known for its supportive market infrastructure and highly skilled and dynamic workforce.
Future Prospects:
Growing trend towards the adoption of AI and Machine learning in cloud computing
With technological advancements in the IT industry, AI and machine learning are proving to be a disruptive technology, providing benefit to enterprises across various industry verticals. As the companies are moving on to the adoption of cloud computing, AI is benefiting the companies in increasing the computation power with more sophisticated algorithms. The technology is becoming crucial in managing huge data overload with network devices carrying billions of gigabytes each day. With growing digitalization, AI along with cloud computing will further enhance the abilities of the cloud forming an “intelligent cloud” and will be helpful in predicting and analysing situations, thus serving as an intelligent platform for task performance without human intervention, thus avoiding human error.
The 3D Metrology Market is anticipated to attain a market size of US$15,748.559 million by 2024, growing at a CAGR of 9.79%
Press ReleasesKnowledge Sourcing Intelligence announces the publication of a new report on “3D Metrology Market – Forecasts from 2019 to 2024" to their offering. 3D metrology solutions enable the measurement of different components that allows the manufacturers to adhere to industry standards and regulations.
The 3D metrology market is estimated to be valued at US$8,993.104 million in 2018 and is projected to expand at a CAGR of 9.79% to reach a market size of US$15,748.559 million in 2024. The growing focus by the manufacturers to optimize the cost of operations along with improving the development cycle is propelling the growth of the 3D metrology market. For instance, the automotive industry has to comply with regulations aiming to reduce environmental emission which is leading to automotive manufactures using different construction materials and new material combinations. As a result, the new materials must be tested so that it meets the requirement on performance, crash safety, and durability.
By industry vertical, the automotive industry is estimated to dominate the market in 2018 and is projected to continue to do so throughout the forecast period. Similarly, in the aerospace and defense industry, the number of commercial aircraft production is anticipated to increase on account of the growing demand for air travel. The 3D metrology solutions are used to provide the information regarding the load, fatigue, and damage tolerance of the material used while manufacturing aircraft. Moreover, it tends to reduce the cost of manufacturing aircraft by reducing the time for scanning the different components, thus providing the benefit of enhanced speed and throughput along with accuracy. Moreover, the healthcare industry has also been witnessing an increasing adoption of 3D metrology technology. It allows designing a significantly improved treatment package for the patients by giving more accurate scanning results. In fact, the manufacturers of medical devices are increasingly adopting 3D metrology solution due to its ability to provide high precision required for the production of medical devices.
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Some of the major players covered as part of the report are Faro Technologies, Inc., Hexagon AB, Nikon Corporation, Zygo Corporation, Advantest Corporation, and GOM GmbH among others.
The 3D metrology market has been analyzed through the following segments:
By Solution Component
Hardware
Software
Services
By Product
Optical Digitizer and Scanner
Coordinate Measuring Machine
Video Measuring Machine
By Industry Vertical
Automotive
Aerospace and Defense
Healthcare
Construction
Energy and Power
Consumer Electronics
Others
By Geography
Americas
North America
South America
Europe Middle East and Africa
Europe
Middle East and Africa
Asia Pacific
Global Biosimulation Market is projected to soar with an impressive CAGR of 16.54% over the period 2019-2024
Press ReleasesBiosimulation holds immense opportunity for the market to thrive during the forecast and coming years with the growing curiosity among the healthcare professionals and patients regarding prevention against chronic and many other diseases.
This report provides forecast and analysis of the global biosimulation market which is estimated to propel at a CAGR of 16.54% to reach a market size of US$4,673.474 million by the end of 2024.The market is expected to foresee a significant growth during the forecast period owing to the growing geriatric population worldwide where biosimulation may be helpful in finding an effective cure for the treatment of age-associated diseases, contributing towards healthy aging. Additionally, with the increasing number of chronic diseases worldwide, the market for biosimulation is further projected to grow at a significant rate during the forecast period. The growing investment in research and development along with technological advancements in the drug development processes is fueling the market demand in the forecast period and in the coming years. Also, with the trend of personalized medicine gaining traction owing to the emergence of new diseases is further creating a favourable environment for the market to thrive in the forecast period and in the coming years in order to find targeted therapies for diseases.
However, stringent regulatory procedures for the development and approval of drugs and medical devices may pose a threat in hampering the growth of the global biosimulation market in the forecast period. Increasing collaborations and partnerships among many organizations in the world for drug discovery and drug development via biosimulation is further bolstering the market growth in the forecast period and in the coming years. Geographically, North America is expected to hold a significant market share in the global biosimulation market owing to the early adoption of innovations and a shift from the volume-based care to the value-based care. Additionally, the highest health expenditure of the United States from the North American region is further burgeoning the market demand in this region.
Some of the major players covered as part of the report are Certara USA, Inc., Schrödinger, LLC, and Simulations Plus.
Purchase complete report or request sample: https://www.knowledge-sourcing.com/report/biosimulation-market
This report segmented the global biosimulation market on the basis following terms: