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Biometric Technology Market is Estimated to Generate $10.72 Billion by 2022 – Allied Market Research
A new report by Allied Market Research, titled, “World Biometric Technology Market,” projects that the world biometric technology market is expected to generate revenue of $10.72 billion by 2022, with an estimated CAGR of 19.4% from 2016 to 2022.
In the year 2015, North America was the highest revenue-generating region, owing to increasing adoption of advanced security and authentic solutions and service in the government and commercial sector. Furthermore, the region is projected to continue its dominance throughout the forecast period due to increasing need for multilevel biometric solutions and services in various end-user verticals. Europe was the second largest market, in terms of revenue generation, followed by Asia-Pacific. Major factors that boost the biometric technology market worldwide include increasing security & privacy concerns and rising standard of living.
World Hyperscale Data Center Market Is Expected to Reach $71.2 Billion by 2022 – Allied Market Research
According to a new report by Allied Market Research titled, World Hyperscale Data Center Market, the world hyperscale data center market is expected to reach a revenue of $71.2 billion by 2022, with a CAGR of 20.7% from 2016 to 2022. Hyperscale data centers are most widely adopted by cloud service providers to house cloud-based resources and cloud services, accounting for a market share of around 63% in 2015. North America is the largest revenue-generating region for hyperscale data centers, followed by Europe and Asia-Pacific in 2015.
A new report published by Allied Market Research titled, World Cables and Connectors Market, projects that the world cables and connectors market is likely to garner revenue of $125.3 billion by 2022, with a CAGR of 11.1% from 2016 to 2022. In the year 2015, Asia-Pacific dominated the world cable and connectors market owing to the huge investment in infrastructure, energy, and technology development. Moreover, Asia-Pacific is expected to exhibit the highest growth over the forecast period.
Among the different industry verticals, commercial industry which includes sectors such as IT & telecom, electronics, and healthcare industries consumes a major share of this market. With the increasing penetration of technologies such as cloud and Internet of Things (IoT), the demand for reliable, high performance and secure data connectivity and transmission has increased. From a growth perspective, oil & gas vertical is expected to grow at the highest CAGR during the forecast period. The global oil & gas industry is a sensitive market and decreasing oil and gas reserves have propelled the demand for oil & gas exploration in newer geographies.
Read more details of the report at: https://www.alliedmarketresearch.com/cables-and-connector-market
The world cables and connectors market is categorized into internal cables and connectors and external cables and connectors by installation type. The internal cables and connectors market is expected to grow at the highest CAGR during the forecast period owing to the focus towards miniaturization of electronics and increased adoption of wireless technologies. Among the different product types; CAT5/CAT6 cables and connectors was the dominant segment in 2015, which accounted for around 47% of market share, owing to high performance and long-distance connectivity. The USB cables and connectors segment is expected to grow at the highest CAGR due to demand for On-the-Go connectivity and high speed data transmission.
Asia-Pacific is the largest and fastest growing region and is expected to maintain its dominance throughout the forecast period. Asian countries, namely China, Japan, and India, among others are the prominent revenue-generators due to cheap labor, low manufacturing cost, and large population. North America ranked second in terms of market share, accounted for 27.8% of the global market revenue of cables and connectors in 2015.
- Commercial industry vertical which includes sub segments such as IT, telecom & networking, healthcare, business/office and electronics, is estimated to consume major market over the analysis period.
- CAT5/CAT6 cables segment is expected to consume largest share of cables and connectors market due to evolving networking types and demands for high speed and safe connectivity.
- Asia-Pacific would lead the market, accounting for over 40% of the market revenue by 2022.
The report outlines the competitive scenario of the world cables and connectors market, providing a comprehensive study of the key strategies adopted by major companies. Key market players profiled in the report are Amphenol Corporation, Molex Inc., Fujitsu Ltd., TE Connectivity Limited, Prysmian S.P.A., 3M Company, Nexans, Huawei Technologies Co. Ltd., Alcatel-Lucent (Nokia Corporation), and Axon Cable S.A.S.
Active Optical Cable Market Is Expected to Reach $3,480.7 Million, Worldwide, by 2022 – Allied Market Research
According to a new report published by Allied Market Research, titled, World Active Optical Cable Market, the global active optical cable market generated $481.3 million in 2015. It is expected to reach $3,480.7 million by 2022, growing at a CAGR of 32.7% from 2016 to 2022.
Active optical cables (AOCs) exhibit a rapid adoption in enterprises as they enhance network structure and increase the efficiency of operations. The AOC market is largely driven by the growing demand for these cables in data centers, increasing investment by governments of various developed and emerging countries to improve connectivity within the region, growing demand for higher bandwidth and shift of the telecom sector towards faster optical networks.
AOC protocol includes InfiniBand, Ethernet, HDMI, DisplayPort, USB, and others. Currently, the InfiniBand segment holds significant share in the overall market, owing to its increasing usage in commercial applications such as data centers and high-performance computing.
According to a new report published by Allied Market Research, titled, World Medium Voltage Cables Market the global medium voltage cables market is expected to garner revenue of $54.2 billion by 2022, growing at a CAGR of 6.5% during 2016 – 2022. Asia-Pacific was the largest market of medium voltage cables, accounting for around 36% of the market revenue in 2015. Increasing requirement of electricity due to rapid urbanization and industrialization is fueling the demand for medium voltage cables in the region.
The overhead installation segment accounted for the largest market share of about 57% in 2015. Factors such as lower installation cost and easier maintenance in comparison to underground cables has led to its wider adoption, primarily in developing economies. However, the submarine installation is expected to be the fastest growing segment owing to increasing investments in the offshore wind generation technology for power generation. The underground segment is expected to grow at a notable pace on account of longer life, lower transmission losses, and limited space availability for new overhead installations.
A new report published by Allied Market Research titled, World Hybrid Devices Market, signifies that the world hybrid devices market is likely to reach revenue of $30.92 billion by 2022, growing at a CAGR of 25.6% from 2016 to 2022. Asia-Pacific is expected be the largest market for hybrid devices during the forecast period owing to the growth in personal use, educational institutions, and IT & telecom sectors.