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GCC Oilfield Auxiliary Rental Equipment Market is Expected to Reach $35 Billion by 2020 – Allied Market Research
According to a new report by Allied Market Research, titled “GCC Oilfield Auxiliary Rental Equipment Market“, the GCC oilfield auxiliary rental equipment market is forecast to reach $35 Billion by 2020, growing at a CAGR of 9.4% during the period (2014 – 2020). The market would primarily be driven by an increased demand of energy sources and the need of cost optimization.
Oilfield auxiliary equipment are machines and instruments that are used to supplement the drilling process at oilfields. The auxiliary equipment consist of sewage systems, mud labs, lighting system, distribution panels, storage tanks, debris junk catchers, transportation system, heat exchangers, flaring systems, drilling instruments and others.
To view the report, visit the website at http://www.alliedmarketresearch.com/auxiliary-rental-equipment-market
The oilfield auxiliary equipment industry in GCC countries, has witnessed tremendous growth in the past based on the rise in oil production. With a steep decline in the oil prices, the revenue derived from oil industry is anticipated to reduce notably. In such a scenario, the auxiliary oil equipment rental market is expected to receive a boost, as investors would tend to avoid huge long-term investments in infrastructure and oilfield machinery. Thus, the drop in oil prices would act as a driver for the auxiliary rental equipment market. Additionally, many oil-producing companies prefer renting auxiliary equipment for fulfilling their temporary or permanent operations.
Within the GCC region, Saudi Arabia is expected to be highest revenue-generating country for the oilfield auxiliary rental equipment market, valued at USD 11.08 billion in 2014. With a rise in the oil production since the past few years, the Saudi Arabian oilfield auxiliary rental equipment market has witnessed a notable growth and is expected to demonstrate a similar trend in the future.Bahrain would be the fastest growing market for the analysis period. Growth in Bahrain is supplemented by rapidly maturing oil fields due to years of extraction.
Key findings of the study:
- The oil & gas division contributes to approximately 73% of the total export earnings for the GCC region
- Saudi Arabia is the largest revenue generating country which is expected to attain a market value of USD 16.92 billion by 2020, growing at a CAGR of 7.3% during 2014-2020
- Bahrain would be the fastest growing market with an expected revenue of USD 45.5 million by 2020, growing at a CAGR of 26.7% during the forecast period
- QATAR- The oil and gas sector accounts for approximately 55% of the country’s total GDP (Gross Domestic Product). -Numerous international oil companies such as Shell, ExxonMobil, Total and others have largely invested resources, technology and expertise in various oil projects across the country
In order to understand the key trends in the market, leading players are profiled in the report which include Schlumberger, Weatherford International Inc., The Olayan Group, Key Energy Services Inc. and others. Numerous International Oil Companies (IOC) such as Occidental Petroleum, Total, Shell, BP, Partex, KoGas, Respol and CNPC have marked a presence in this region. These companies are in the process of facilitating expansions and increasing their capital investments with an objective to capture a large market share.
South African IP Surveillance and VSaaS Market Is Expected to Reach $51.8 Million, by 2020 – Allied Market Research
According to a new report by Allied Market Research entitled, “South Africa IP Video Surveillance and VSaaS Market – Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013-2020”, the South African IP video surveillance and VSaaS market is expected to reach $51.8 million by 2020, registering a CAGR of 16.1% during 2014-2020. The revenue from the sales of hardware accounted for nearly 60%, whereas cloud services, software and other services segment accounted for around 40% of the revenue in 2013. Cloud-based solutions are expected to witness tremendous growth opportunities in future as it reduces the total cost of ownership for the customers. Manufacturing and corporate sector is expected to grow at the fastest CAGR during the forecast period. Residential and healthcare sector are other key application areas that are expected to evolve as huge markets for IP surveillance during the forecast period. In the year 2012, revenue from the sales of analog IP surveillance hardware sales surpassed the revenue from the sales of analog devices.
The video surveillance equipment market in South Africa is largest among all other countries in Africa. With the growing technological advancements in the country, IP surveillance is gaining foothold, however, analog systems would maintain its presence through the forecast period due its cost effectiveness and huge install base in various sectors. As the surveillance industry is in developing stage in the country IP surveillance market would witness incremental growth in South Africa, during the forecast period.
To view the report, visit the website at http://www.alliedmarketresearch.com/south-africa-ip-video-surveillance-and-vSaaS-market
Hardware are the key products required for the installation of IP video surveillance system. With rising number of new installations and updating the existing analog systems, the hardware sales are expected to witness a boost in the initial years of adoption. Software segment would also follow the suit, but due to its lower revenue ratio in a surveillance system, its market size would remain comparatively low. Rising number of new IP surveillance system installations in the country would continue to drive the sales of associated software.
Though cloud technology has been a feasible and low-cost technology in most of the countries, specifically due to lower initial investment, this technology is yet to gain prominence in South Africa. Cloud-based solutions would gain importance in the country with the increasing penetration of cloud services in various industries. In the current scenario, cloud service providers are charging high prices so as to recover their initial R&D investments. These factors collectively act in congruency to limit the adoption of cloud-based surveillance in the current scenario. However, with growing awareness and price reduction, cloud-based surveillance would witness considerable growth during the forecast period.
The existing analog surveillance systems installed at residential buildings in the country would witness threat of replacement from IP surveillance systems in the coming years. However, the replacement of analog with IP would be comparatively slower in this sector. As analog surveillance systems are low cost and easy to install, small security professionals prefer these systems and high number of such cameras are being installed in the country every year. Due to the considerable price difference between analog and IP surveillance systems, the former is often preferred by the security solution vendors. Now, it has become a tough task for the IP device manufacturers to convince the installers to switch to IP surveillance. Nevertheless, commercial and government sectors are gaining prominence in the South Africa IP surveillance market.
According to a new report by Allied Market Research titled, “Global 3D Display Market – Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 – 2020”, the global 3D Display market is expected to reach $112.9 billion by 2020, registering a CAGR of 26.8% during 2014 – 2020. The 3D displays applications in TVs and smartphones would drive the 3D display market significantly by year 2020, contributing more than 2/3rd of overall market revenue collectively. About 50% of the TVs would be enabled with 3D display technology by 2018. The efficient OLED technology displays would grow rapidly in future, helping OEMs to develop compact and energy efficient electronic devices.
Among all types of 3D displays which includes volumetric, stereoscopic and HMD; the stereoscopic and auto-stereoscopic displays should remain the most preferred type of 3D display due to their applications in TVs, smartphones and monitors. The LED backlighted LCD technology products are commonly used for 3D displays, which would experience further increase in its adoption due to compact and energy efficient solution against CCFL backlighting. The CCFL technology should be completely replaced by LED backlighting by 2015. The modern technology OLED would gain surge in terms of adoption, and experience fastest growth over the forecast period.
To view the report, visit the website at http://www.alliedmarketresearch.com/3d-display-market
The entertainment & media industry is getting evolved due to rise in 3D content. The growing number of HD-3D games would drive the uptake of 3D monitors. Even among mobile computing devices, the recent launches of 3D laptops, tablets and notebook PCs by companies such as Dell, Samsung and Sony has elevated awareness among users. The 3D public displays are used for signage and advertising. Realising the business potential, Sony launched its first 3D display in order to broadcast FIFA 2010 matches in South Africa.
Leading display manufacturers such as LG, Panasonic, Samsung and Sony have launched their 3D TVs and smartphone products in the market. The surge in 3D entertainment content would drive the adoption of 3D TVs, smartphones and monitors. By 2020, more than 50% of the TVs are expected to be 3D compatible. As a result of which, the TV application would continue to dominate the market.
Key findings of the study:
- Global market for 3D Display would grow due to increased adoption in applications such as smartphones, monitors, computers and HMDs during the forecast period (2014 – 2020)
- Head mounted displays market would grow with fastest CAGR of 49.9% during 2014-2020
- Stereoscopic displays would continue driving the global 3D display market over analysis period with more than 50% of revenue contribution each year.
- Adoption of OLED technology would increase rapidly in 3D display products, with a CAGR of 46.9% during 2014-2020
- Asia-Pacific would prove to be one of the most lucrative markets, in terms of growth. It should reach $49.5 billion by the year 2020, at a CAGR of 31.8% during 2014-2020
The market growth is attributable to innovative launches of 3D display products along with rising demand from entertainment & media industry. The shift towards usage of smartphone for entertainment is influencing the respective manufacturers to offer 3D displays as innovative offering. Furthermore, due to rising 3D content several OEMs such as Samsung, Panasonic, LG, etc. are upgrading their smartphone and other products with 3D imaging capability. In order to gain higher market share, companies are focusing on innovative product launches. For example; Dell Inc. has launched 3D laptop Inspiron 17R SE and Alienware 3D monitor in order to excel their product portfolio. Prominent companies profiled in the report include Sony Electronics, Panasonic Corporation, 3DIcon, 3D Fusion, Mitsubishi and LG Electronics.
According to a new report by Allied Market Research titled, “Global Mobile Security Market – Solution, Types, OS, Trends, Opportunities, Growth and Forecast, 2013 – 2020“, the global Mobile Security Market would reach $34.8 billion by 2020, registering a CAGR of 40.8% during 2014 – 2020. Bring Your Own Device is the latest trend adopted by most of the SMB (small and medium business) companies along with large organizations and is a major reason for the adoption of mobile security software. Smartphones are majorly adopted in Asia Pacific region and contributes largest revenue for the global market which is followed by European countries and Middle East and African countries. Analysis of the market shows that global mobile security market accounts for $3.4 billion in 2013.
Enterprises allowing BYOD expect the primary benefits to be improved-employee satisfaction, increase in productivity and better overall enterprise security. Enterprises are adopting BYOD as an opportunity to invest in the increasing productivity of their employees.
To view the report, visit the website at http://www.alliedmarketresearch.com/mobile-security-market
Mobile device platforms have become increasingly notable to hackers and cybercriminals as consumers do most of their transactions through their mobile devices. Individual users contribute to generate a notable revenue where mobile phones and tablets continues to play a critical role in consumer bank-switching decisions. As the customers experience from mobile banking improved and adoption improved, banks and financial institutions realize the need of offering secured financial transactions through mobile devices.
The Email security market suffers from both intense competition and bloated set of vendors. Enterprises have been throwing solutions at the problems raised by viruses, spam, internet security and policy. This results in the broad set of solutions located in many edges of their networks. Thus, antivirus scanning might be on an exchange server adopted by most of the enterprises.
The recent trend reflects the broader adoption of two-factor authentication and its implementation across a wide range of use cases. The challenge for the enterprises is often to maintain the balance between demand and necessities of the security, costs and making sure that the users are not overburdened with inconvenient security measures. According to Hewlett-Packard, IT security companies spend seven out of eight dollars on perimeter defenses.
Key findings of the study:
- Currently antivirus software hold the largest percentage share as compared to the Email security.
- Banking and Financial institutions would produce large revenue of mobile security market by 2020
- Asia-Pacific region would generate highest revenue for Mobile Security market by 2020 amongst other regions growing with the highest CAGR
The emergence of Information and Telecommunication (IT) companies in the developing countries like India, and never ending demand for latest gadgets having advanced technology are the major reasons for the adoption of mobile security software. TheTaiwan government noted an exponential growth in the region for the export of smartphones reaching $480 million in 2014.
Organization for Economic Co-operation and development (OECD) noted a high growth in Information and Communication Technology (ICT) in Asian Countries followed by Germany, UK and France. The exponential rise in the smartphone and tablet market is leading to the ultimate growth of security software. Media reports in China indicate that government in the region is taking advanced measures over national security concerns.
Mobile manufacturing companies like Apple is improving the mobile application management security to ensure that the users of its mobile operating system feel safe and manage their applications as per the need ranging from browsing the web to updating their banking accounts. The company has enforced the stringent protocols that determines the access of software on the device in order to keep the customer safe from malicious software.
Tablet device adoption by business users has been astonishingly quick creating challenges for the tablet security and support. To some extent, Tablets can be treated with same security solutions for smartphones, but they tend to be used differently thus ask for some unique challenges of their own. For enterprises, the proliferation is beneficial as the tablet supports the variety of gestures and knowledge the worker needs.
According to a new report by Allied Market Research entitled, “Global Artificial Lift Market – Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 – 2020”, the global artificial lift market is expected to reach $27.3 billion by 2020, registering a CAGR of 10.5% during 2014-2020. Continuously declining oil prices-hitting a 4-year low-have forced the oil extraction companies to optimize their spending by increasing efficiency. In line with this, the companies are increasingly deploying artificial lifts to increase output from the existing wells. As a result, the artificial lift market is expected to pick pace in next two years.
As a result of geopolitical consequences, oil prices have declined drastically in past one year. The oil prices have reached below the half of the value they had about a year ago, thereby, affecting profitability of oil extraction and processing companies. In an effort to meet business targets with fiscal constraints, companies are restraining themselves from investing in new projects. The only feasible alternative to increase production would be achieved by increasing output efficiency. Artificial lift is emerging as a solution to this problem, which ensures the maximum efficiency and optimum utilization of oilfield resources.
To view the report, visit the website at http://www.alliedmarketresearch.com/artificial-lift-system-market
Among the different types of artificial lifts, the rod lifts are the most preferred ones, due to their cost-effective performance while extracting oil from ultra-deep oil fields. Plunger lift technology is gaining an increasing traction in the market due to lower maintenance cost and their ability to operate at sites with mixed proportions of oil and gas. The gas lift components, such as valves and mandrels, would experience rapid increase in adoption by 2020 with the increase in adoption of high-performance gas lifts. North America drives the market due to the growing need of artificial lifts in order to extract oil from low-pressure oil wells in the region.
Key findings of the study:
- The global market for artificial lifts would grow at a CAGR of 10.5% during the forecast period (2014-2020), due to increased adoption resulting from increased demand of energy sources and maturing oil fields
- Plunger lifts would witness rapid market growth, growing at a CAGR of 18.2% during forecast period
- Rod lift would be the market-driving technology by 2020, contributing more than 1/3rd of the overall market revenue
- Asia-Pacific would prove to be one of the most lucrative markets, in terms of growth, growing at a CAGR of 13.2% during 2014-2020
The market growth is attributed to launch of new artificial lift systems along with business offerings such as service management, on-lease sale, etc. Weatherford has taken a lead in the rent business of artificial lift components. Furthermore, in order to gain a higher market share, the companies are adopting acquisition and partnerships as key strategies. For example, Schlumberger has acquired Kudu Industries in May 2014. This acquisition would be beneficial for Schlumberger, which would improve the supply of pumps, a key component of artificial lift system. Prominent companies profiled in the report include Halliburton, Weatherford, GE Energy, National Oilwell Verco, Dover Corp. and Tenaris.
According to a new report by Allied Market Research titled, “Global LiDAR Market – Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 – 2020”, the global LiDAR market is expected to reach $624.9 million by 2020, registering a CAGR of 16.3 % during 2014 – 2020. Aerial LiDARs would drive the market significantly by the year 2020, contributing to about 1/2 of the total market revenue throughout the forecast period. Corridor mapping applications of LiDAR are a major market driving force, contributing to more than 50% of the total market size by value in 2013.
Among all types of LiDARs which include aerial, mobile, terrestrial and short range; the aerial LiDARs should remain the most preferred type due to their numerous applications in civil engineering, archaeology and forest land management. The civil engineering applications significantly drive the market with the usage of LiDAR in infrastructure planning. The transportation applications of LiDAR would rise rapidly during the forecast period, primarily for vehicle monitoring purposes. Moreover, emerging transportation applications such as driverless cars would begin to gain traction by 2020. The technology giants such and Google and Apple are eyeing the driverless cars market. For instance, Google recently demonstrated its first driverless car. Following the trend, in future there would be numerous players operating in driverless car market.
To view the report, visit the website at http://www.alliedmarketresearch.com/lidar-market
The corridor mapping applications presently are the major market drivers. For modern age infrastructure planning and disaster management, corridor mapping is performed using LiDAR technology. The North American region would continue to dominate the LiDAR market throughout analysis period. However, with rising applications in civil engineering, defence and forestry & agriculture,Asia-Pacific market would witness rapid growth.
Key findings of the study:
- Global market for LiDAR would grow due to increased adoption across key sectors such as civil engineering, defence, forestry & agriculture during the forecast period (2014 – 2020)
- Seismology applications of LiDARs would grow at the fastest CAGR of 30.0% during 2014-2020
- Civil engineering activities would continue to drive the global LiDAR market over the analysis period with around 1/3rd of market size by value each year
- Forest & agriculture activities involving the use of LiDARs would increase rapidly, at a CAGR of 18.2% during 2014-2020
- Asia-Pacific would prove to be one of the most lucrative markets, in terms of growth. The market in the region is expected to reach $126.5 million by the year 2020, growing at a CAGR of 22.9% during 2014-2020
The market growth is attributed to innovative launches of LiDAR products along with rising demand from defence and forest & agriculture land management activities. Moreover, due to rising need of 3D geospatial scanning, several players such as Faro Technologies, Airborne Hydrography AB and Leica Geosystems, are upgrading their products. In order to gain a higher market share, in addition to the production launches, the companies are adopting acquisition/ partnership as key strategies. For example; Faro Technologies acquired CAD Zone Inc. which possesses expertise in developing software for end to end point cloud applications. Prominent companies profiled in the report include Avent LiDAR Technology, Intermap Technologies, Optech Inc., Mira Solutions, Aeromatic, Firmatek, Leosphere and RIEGL Laser Measurement Systems.
A new report by Allied Market Research titled, “Global Oncology/Cancer Drugs Market – Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 – 2020“, forecasts the market to reach $111.9 billion by 2020, registering a CAGR of 7.1% from 2014 to 2020. Increase in adoption of combination therapies instead of traditional cytotoxic therapies is a major factor that contributes to the market growth. The combinational therapies which includes targeted therapy and immunotherapy (Biologics therapy), is expected to witness ~10% surge in its market share collectively by 2020.
Augmentation in the prevalence and incidence rate of various cancers, growing popularity of biological and targeted modalities, along with the patent expiration of major cancer drugs are expected to drive the growth of global oncology drugs market. However, high initial capital investment for new drug development, long-term side effects associated with chemotherapy, and high cost of advanced therapies (targeted and immunotherapies) would limit the growth of the market.
To view the report, visit the website at http://www.alliedmarketresearch.com/oncology-cancer-drugs-market
The global oncology drugs market is experiencing a shift in therapeutic modalities i.e. from traditional cytotoxic agents to newly develop targeted and immunotherapeutic modalities. Tumor cell specificity, an attribute of aforementioned modality, has reduced drug remission rates and has rendered an enhanced rate of survival in cancer patients thus, complementing the market growth. However, chemotherapeutic modalities would continue to be the leading therapeutic modality segment owing to its higher adoption rate and economic pricing. Going forward, the demand for the chemotherapy modality might confront a negative influence due to marginal efficacy and chronic side effects such as anemia.
Geographically, the developed economies such as North America and Europe collectively accounted for ~65% of market share in 2014, due to higher adoption rates and advanced hospital settings. However, developing economies are expected to experience potential opportunities owing to the emergence of biosimilars in monoclonal antibodies, and improved medical infrastructure.
Key Findings of the Study:
- Immunotherapy/biological drugs segment expected to grow at a double digit CAGR during the forecast period and would grow at the fastest rate
- Blood cancer is the major revenue generating segment in the global oncology drug application market however, lung cancer segment is expected to grow fastest among all
- Currently, North America garners a major share in the oncology drugs market, in terms of market size
- Asia Pacific oncology drug market is dominated by China and Japan, together contributing to ~60% of the regional market revenue in 2014
A majority of the oncology drug manufacturers have adopted collaboration and acquisition as key developmental strategies to achieve a competitive edge. Moreover, companies are also forming strategic alliances to accelerate the process of clinical trials. These strategies have proved to be effective in helping key market players retain their leading positions in the global oncology drugs market. Key companies profiled in the report are Roche diagnostics, Novartis AG, Celgene Corporation, AstraZeneca, Johnson & Johnson, Merck & Co., Eli Lilly & Co., Amgen Inc., Pfizer and GlaxoSmithKline.