The rapid growth in the number of smartphone and tablet users and growth in dependency on IT have led to an increased demand for data center automation technology. In addition, continuous prevalence of cloud technology and the explosion of big data have increased the demand for larger storage capacity, thus raising the need for data center automation. The wide-scale adoption of Internet-enabled devices, cloud-based applications, and the transformation from consumer-side computing to Software-as-a-Service (SaaS) drive the need for automation within the IT industry.
Data Center Automation Market size was valued at $2,483 million in 2015, and is projected to reach $8,619 million by 2022, growing at a CAGR of 19.6% from 2016 to 2022. The IT & telecom segment was the highest contributor in 2015, accounting for around 23% of the global market.
A data center is a facility that consists of a network of computers and storage systems. It is used to process, organize, store, and distribute large amounts of data for a business or an organization. Data center automation offers faster and enhanced productivity, operational reliability, and consistency to its users, which results in its increased demand in various industry verticals.
Manufacturing is expected to grow at the highest CAGR of 22.8% during the forecast period. In the manufacturing industry, large amount of data is generated on the operation and shop floor, which needs to be analyzed to improve the quality, accuracy, and delivery time. By automating the data center, the data can be accessed continuously for performing predictive analysis to identify relationships and patterns among various processes and associated factors to recognize and enhance those factors that have the largest impact on the output.
Based on the geography, the data center automation market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America was the highest revenue contributor in 2015, accounting for around ~60% share of the market size. However, Asia-Pacific is projected to grow at the highest CAGR of 25.3%, owing to the adoption of data center automation techniques to achieve effective and efficient control over the ongoing processes and operations.
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The report features a competitive scenario of the data center automation industry and provides comprehensive analysis of key growth strategies adopted by major players. Key players profiled in the study are VMware, Inc., BMC Software, Cisco Systems, Inc., IBM Corp., Hewlett Packard Enterprise, Microsoft Corp., Puppet, Citrix Systems, Inc., ServiceNow, Inc., and Chef Software, Inc.
Key Findings of the Data Center Automation Market:
• The consulting services segment accounted for the highest share of the data center automation market in 2015, growing at a CAGR of 20.4% during the forecast period.
• North America was the highest revenue-generating segment in 2015, with $1,558 million.
• Asia-Pacific dominated the market in terms of growth in 2015, and is projected to continue its dominance in the future as well.
• U.S. was the leading country, in terms of spending on data center automation market, in 2015. In addition, India, China, and other emerging markets are projected to provide significant opportunities for major players.
Allied Market Research recently published a report on the global facial recognition market, which is an extensive study of the industry for the period 2015–2022. The study covers the various market segments, in terms of components, applications, and the different technologies used with it. It evaluates the various driving factors, restraints, opportunities, and challenges faced by the industry. With a detailed examination of its key players, the report also provides an informative competitive analysis of the global facial recognition market. There are key statistics, charts, and informative tables in the report to support the different findings and research conclusions.
The global facial recognition market report emphasizes on the exponential growth of the industry in the forecast period 2015–2022. According to the findings of the study, the market is projected to garner a total value of $9.6 billion by the year 2022. This will be supported by a CAGR of 21.3% during the given forecast period. The study also focusses on the presence of the market in various geographical regions of the world. With an in-depth analysis, the global facial recognition market explains the attractiveness of each region and highlights the huge potential for investment for the investors and business owners.
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Key findings for Facial Recognition Market Report:
• The three-dimensional facial recognition technology is expected to dominate the market through the forecast period 2016–2022.
• The hardware segment helder the larger share in the component segment in 2015, and is expected to lead the market till 2022.
• In the year 2015, the highest revenue was contributed by homeland security, which accounted for nearly 21% of the entire market revenue. This segment is estimated to maintain its position during the entire forecast period.
• In terms of geography, Asia-Pacific constituted for nearly 23% of the total revenue in 2015. It is also touted to be the fastest growing region over the next few years.
The report enlists the profiles of the key market players engaged in the industry. The inclusion of crucial data about the business performances, product offerings, pricing policies, and marketing strategies of each player provided in the report enable a better competitive analysis of the major players. The main players mentioned in the study include names, such as 3M, Cognitec Systems GmbH, NEC Corporation, FaceFirst, Inc, Nuance Communications Inc., Crossmatch, International Business Machines Corporation (IBM), Animetrics, and Daon Inc.
The global facial recognition market report focuses on the essential factors driving the market ahead. With a detailed competitive analysis, the study entails a better understanding of the market scenario and various dynamics followed by the players in the industry. The significant investment pockets highlights in the report give the interested stakeholder a comprehensive analysis of the various market trends. The facial recognition market report gives a better guidance to investors and business owners about the potential possessed by each segment and various technologies that propel its share in the overall market.
Patented products of pharmaceuticals products with nutraceuticals is a lucrative delivery platform for pharmaceutical industries.
Nutraceuticals market report published by Allied Market Research, forecasts that the global market is expected to be $184,092 million in 2015, growing at a CAGR of 7.04% from 2016 to 2022 to reach $302,306 million by 2022. The functional food segment dominated the market in 2015 with more than one-fourth share, in terms of revenue.
Nutraceuticals are standardized grade of food sources derived from food sources with extra benefits in addition to basic nutritional value found in food. Integration of nutraceuticals with personal care has benefitted the market with cosmeceuticals owing to its anti-aging properties. In addition, increase in demand for nutraceutical in dietary supplements products is expected to drive the market owing to decreased use of genetically modified foods and crops. The expensive medical treatments have paved the way for nutraceuticals as an alternative to expensive drugs which is expected to boom in near future. However, production of nutraceuticals coupled with raw materials cost have increased substantially restricting the affordability of the consumers.
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Both functional foods & beverages occupy three-fifth of the total volume by revenue. Functional medicines segment in the nutraceuticals industry, and emerges as the best alternative for normal medicines. Nutraceuticals influence drug metabolism, and can also boost the pharmaceuticals in the body when optimally balanced, thus opening lucrative business opportunities through patented combinations of nutraceuticals and pharmaceuticals.
Key findings of the Nutraceuticals Market:
• Functional food segment is expected to grow with a CAGR of 6.84% during 20162022.
• The European branded flour market is expected to garner with a CAGR of 6.99% during the forecast period.
• LAMEA is expected to achieve a CAGR of 7.13% in proteins & peptides market during the forecast period.
• The functional food segment is the fastest growing market occupying more than one-fourth of the total volume in terms of revenue.
• The personal care and pharmaceuticals product is expected to grow with a CAGR of 7.61% during 20162022.
• Asia-Pacific occupies approximately one-third of the total volume by revenue in terms of geography.
Asia-Pacific and Europe collectively contributed more than half of the share to the global nutraceuticals market revenue in 2015. India is expected to achieve a CAGR of 14.23% during the forecast period.
The top market players include Archer Daniels Midland Company, Cargill Incorporated, Royal DSM N.V., BASF SE, Nestle S.A., Groupe Danone S.A., E. I. du Pont de Nemours and Company, PepsiCo Inc., Aland (Jiangsu) Nutraceutical Co., Ltd., and General Mills, Inc.
Consumer Identity and Access Management (IAM) Market Expected to Reach $23,589 Million, Globally, by 2022
The consumer IAM industry in the Asia-Pacific region is expected to grow at the fastest rate during the forecast period, owing to rise in the number of cyber-attacks and increase in the adoption of cyber security services by small- and medium-sized enterprises. Continuous economic development in countries, such as India, China, Malaysia, and Singapore are expected to provide numerous growth opportunities to the consumer identity and access management industry.
Consumer IAM Market Report, published by Allied Market Research, forecasts that the global market is expected to reach $23,589 million in 2022, growing at 16.9% CAGR during the forecasts period 2014-2022. The advanced authentication solution segment dominated the global consumer identity and access management market, accounting for revenue of $3,770 million in 2015. North America is expected to be the leading contributor to the global consumer identity and access management market.
The adoption of consumer IAM solutions has increased in the recent years, owing to the growing consumer IAM trend of centralized monitoring and stringent government regulations to protect customer data. In addition, rise in incidents of cyber threats and increase in adoption of IoT (Internet of Things) are expected to drive the market. However, lack of standardization in industry regulations and concerns about cloud-based security hamper the market growth. Growing popularity of mobile devices and flexible functionalities of consumer IAM solutions to tackle increased network traffic, burgeoning demand, and peak usage requirements of consumers for different applications are expected to provide numerous opportunities for the growth and development of the global consumer identity and access management market.
The global consumer IAM market in 2015 is comprised of advanced authentication which is $3,770 million, identity proofing services which is $2,473 million, and other which is $1,725 million. In 2015, the banking, financial service, and insurance (BFSI) industry segment accounted for the maximum revenue share in the global consumer identity and access management market segments, owing to the frequent incidents of internet frauds during financial transaction worldwide. In addition, upsurge in customer interaction through physical, social media, mobile, and other channels to access financial services provide huge growth opportunities to the players in the BFSI sector. Moreover, the energy & utility industry segment is projected to grow at a CAGR of 17.2% during the forecast period, owing to technological advancements such as automated meter infrastructure, cloud computing, modern electric meters, real-time data access facility to customers, and others.
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North America accounted for the major share of the global market in 2015, and is expected to maintain its dominance during the forecast period, owing to increase in implementation of legal regulatory and cyber laws to improve data protection by government in the region. The Asia-Pacific region is projected to grow at a significant rate during the forecast period, owing to increase in events of cyber-attacks and growth in energy & power sectors thereby fueling the consumer identity and access management industry in the region.
Key Findings of the Consumer IAM Market:
• The BFSI industry segment dominated the overall consumer IAM market in terms of revenue, in 2015. It is projected to grow at a CAGR of 17.6% during the forecast period.
• The advanced authentication solution segment is projected to grow at the highest CAGR of 17.8% from 2016 to 2022.
• In 2015, the identity proofing services and others (password management, data aggregation, and registration) segments contributed $2,473 million and $1,725 million, respectively.
• The on-premise deployment segment dominated the consumer IAM market in 2015, and is projected to garner notable revenue during the forecast period.
• Cloud-based IAM solutions constituted around 47.4% share of the global market in 2015, and is expected to grow at the highest CAGR of 18.2% during the forecast period.
• In 2015, North America generated the highest revenue in the global consumer IAM industry.
• The Asia-Pacific region is expected to grow at a remarkable CAGR of 19.3% during the forecast period.
The key players profiled in the report are Onegini, TransUnion, Ping Identity Corporation, Gigya, Inc., Centrify Corporation, Okta, Inc., Experian PLC, Janrain, Inc., Mitek Systems Inc., Traxion Inc., LexisNexis Risk Solutions Inc., MorphoTrust USA, GB Group, ID Analytics, Aware Inc., and Equifax Inc. Market players have adopted various strategies such as product launch, acquisition, collaboration, and partnership to expand their foothold in the market. For instance, in December 2016, Experian PLC and Touch Bank, the digital bank of OTP European Financial Group, launched FraudNet, which secures online transactions, including open fake accounts, account takeover, or fraudulent online transactions.
“In developed countries such as the U.S. and U.K, eco-friendly home decor products have generated a high demand owing to the increased environment awareness. Multifunctional furniture is popular among the consumers in developing countries. Online buying of home decor products is gaining popularity, worldwide. Globally, consumers are more inclined towards buying stylish and luxury home decor products.”
Home Decor Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $664.0 billion by 2020, registering a CAGR of 4.2% during the forecast period 2015-2020. Home decor products have generated substantial demand among consumers owing to the growing consumers interest towards the concept of home decor. Asia-Pacific is the leading market, occupying around 31% of the market share followed by Europe.
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The market players are focusing on developing eco-friendly products since popularity of these products is growing among consumers, owing to rising environment awareness. Among the three key product segments; home textiles, floor coverings and furniture, floor covering segment occupied the largest share in the overall home decor market in 2014. The segment is expected to maintain its leading position throughout the forecast period, owing to the wide adoption of floor coverings in different geographical markets. In 2014, Asia-Pacific occupied the highest market share in floor covering segment. Rapid urbanization, increasing disposable income and growing/booming real estate sector in the region, are main driving forces for the growth of home decor market in the region.
The three product segments are further bifurcated into sub categories based on their type. In 2014, floor covering segment was dominated by carpets & rugs, followed by tiles. North America held the largest share in vinyl & rubber flooring segment and is expected to maintain its share during 2015-2020, owing to stringent government regulations restricting the use of hazardous floor covering materials. Additionally, low maintenance, high durability and comparatively lower price than other flooring materials, are other factors that have driven the high demand of vinyl and rubber flooring in North America.
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Geographically, APAC is the leading market for home decor products. In emerging markets such as India, China and Brazil, the residential real estate industry has witnessed a considerable growth in the recent past, thereby fostering favorable environment for the home decor market in the region. Additionally, high urbanization rate, increasing disposable income and improving life style are other important factors spurring the market growth in the region.
Key Findings of Home Decor Market:
- The global market for home decor product, is expected to grow owing to the growth in real estate industry and increasing urbanization in developing countries during the forecast period (2015-2020)
- Floor covering segment would continue to maintain its growth trend during the forecast period
- Asia-Pacific was the largest market for home decor products in 2014, owing to the high growth in real estate sector and increasing urban population in the region
Global home decor market comprises players such as Inter IKEA Group, Forbo International SA, Armstrong World Industries, Inc., Mannington Mills Inc., Mohawk Industries Inc., Shaw Industries, Herman Miller Inc., Ashley Furniture Industries, Inc., Kimball International and Duresta Upholstery Ltd. The leading players are acquiring smaller players to widen their customer base. Leading players are consistently introducing new products with a wide range of design and style in order to increase their market share. Besides this, many furniture manufacturers are partnering with interior designers to create and offer a wide range of customized furniture.
In 2015, the stand-alone laboratories and hospital end user segments together held a dominant share, of around 74% of the IVD market. This is attributed to the frequent and primary use of instruments & reagents for diagnosis of infectious and immunological diseases. Besides this, the immune system diseases and infectious diseases indication segments collectively accounted for around half of the market share in 2015, owing to increasing incidences of infectious and sexually transmitted diseases such as HIV, hepatitis, and malaria.
Global In Vitro Diagnostics Market (IVD Market) report released by Allied Market Research, projects that the IVD market is estimated to grow at a CAGR of 4.9% during 2016-2022. The reagent segment accounted for around three-fifths of the market share in 2015 and is expected to maintain the dominance during the forecast period. North America and Europe collectively accounted for about two-thirds of the market share in 2015.
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Growing adoption of advanced diagnostic techniques such as digital pathology, which uses digital instruments for diagnosis, portable point-of-care testing devices for HIV & pregnancy, use of non-invasive procedures over conventional techniques, increasing incidences of cancer, cardiac, urological, and infectious diseases and rising count of technological breakthroughs such as automated instruments and instruments with high throughput are major factors boosting the market growth. Increasing disposable income and progressing healthcare spending capacity would further boost the market growth during the forecast period. However, a lack of structured regulatory frameworks & reimbursement policies can hinder the market growth.
The immunodiagnostic and clinical chemistry technique segments jointly accounted for more than half of market share in 2015 and are expected to maintain this trend throughout the forecast period. High demands for immunochemistry-based tests amongst physicians, rise in chronic diseases, low-cost tests in the market, and widespread healthcare awareness are the driving factors for the growth of immunodiagnostic and clinical chemistry technique market. Blood testing is projected to be the fastest growing segment, owing to its frequent application and inherent convenience of using blood samples.
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Key Findings of the In Vitro Diagnostics Market:
– The IVD instruments market is projected to witness the highest CAGR of 6.3% during the forecast period.
– The infectious diseases indication segment is expected to maintain its foothold in the IVD market.
– Cancer is projected to be the fastest growing indication segment during the forecast period.
– In 2015, the infectious diseases and immune system disorders indication segment collectively accounted for about half of the IVD indication market.
– ELISA was the largest revenue generating segment in Immunodiagnostics market and is expected to maintain its dominance throughout the forecast period.
– Asia-Pacific is forecasted to be one of the fastest growing markets, growing at a CAGR of 5.6% from 2016 to 2022.
– In 2015, North America and Europe collectively accounted for around two-thirds of the world IVD market revenue.
North America is anticipated to remain the highest revenue-generating region during the forecast period, owing to widespread adoption of diagnostic techniques among physicians and patients. However, the Asia-Pacific region is expected to grow rapidly during the forecast period, owing to increasing healthcare expenditure, improving hospital infrastructure, and increasing adoption of technologically advanced diagnostic techniques.
The key companies profiled in this report include F. Hoffmann-La Roche AG, Abbott Laboratories, Danaher Corporation, Johnson and Johnson, Sysmex Corporation, Becton Dickinson and Company, bioMrieux, Thermo Fisher Scientific, Inc., Ortho-Clinical Diagnostics, Siemens AG, and Alere Inc.
2015 was a pretty dynamic year in the ERP software market, with some of the largest manufacturers like SAP ERP growing, while maturing startups have taken market share away from other companies. Overall, the ERP market size is predicted to reach $41.69B by 2020 according to Allied Market Research.
Awareness as a trend
One of the biggest ERP trends that has been noticed recently by companies in industries with an average of 100 to 200 employees, is that the ERP they’ve deployed does not solve all the problems that they need it to.
From the software vendor’s point of view, it is frequently the case that these companies are focused on addressing concerns about the feature set that ships or is customized for the customer before and during the design and implementation phases of a project. And yet, customers with legitimate money-saving or ROI growing ideas are coming up with needs for features after they have used ERP systems for a while.
This disconnect is leaving the door open for ERP in 2016 for savvy consultants and rival vendors to address areas like internal cost accounting that may not be tuned to the level of granularity that a client needs.
Federation continues in the ERP market
Another trend is creating more synergy within a trading group’s enterprise resource planning systems. It may be nice to set up a piece of software that creates coverage of all materials flowing through your own company warehouses, plant floors, and retail areas, but at a certain point, you may lose the analytics on products that are second sourced from an outside supplier.
The federation trend is one where Fortune 500 companies are looking at including frequent suppliers in a trading group and porting data from their ERP to their own ERP to create a workflow and process that is seamless internally. The additional data that they receive allows management to control costs just as they do with products that are manufactured or sourced completely in-house.
Competitive advantage in cloud implementations
A third area that remained at the forefront of discussion among ERP clients this past year was ensuring that implementations of their ERP system are ported to the cloud.
The rationale behind this is two-fold. In the first place, as the attack on Sony showed, keeping your company data and applications infrastructure in the cloud at a very secure data center can make a difference in how vulnerable your company actually is to an outside attack.
The second reason to look at cloud implementations as the ultimate solution is that they make co-locating or porting your data to another country much easier. As users of Oracle e-business suite and Infor have reported in Europe, for example, it is nice to be able to use European data centers exclusively for their data because the United States security complex that was created for the war on terrorism has become quite invasive of company’s data.
For software vendors, being able to secure their clients’ work in locations that are not exposed to oversight from several different agencies can often mean the difference between making a sale and not making a sale.
Start-ups continue to create opportunity
Looking forward, companies look to close the gaps between their existing implementations or lack of an implementation and the feature sets that are coming onto the market because open source startups are being funded. It would appear that for smaller firms, there will continue to be a lot more ERP solutions than there were several years ago – being able to get started with an ERP implementation at a reasonable price.
For larger firms, the fact that there has been market share change over the past year indicates that there is still room for product improvement that can lead to further gains for ERP vendors. The largest battle, however, will probably take place among medium-sized firms. Able to articulate specifically what they want and yet remaining budget-conscious, they’ll continue to be prime prospects for both the largest ERP manufacturers and a variety of new companies.
Leaders in the ERP Market
Epicor ERP 10, Sage ERP X3, Oracle JD Edwards EnterpriseOne, Infor ERP Syteline, SYSPRO 7 and SAP Business ByDesign all ranked highly on the 2016 edition of the SelectHub ERP Leaderboard. These 10 systems scored highest amongst 60 top ERP solutions – showing their meeting the critical requirements identified by organizations seeking an ERP system.
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