Technology Reports

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Asia-Pacific Air Filtration Market to Exceed USD 6.6 Billion by 2024

The Asia-Pacific Air Filtration Market stood at more than USD 3.4 billion in 2015. It is estimated to grow at a CAGR surpassing 8.6% over the forecast period (2016-2024). The market is anticipated to cross USD 6.6 billion by 2024. A rise in the number of gas-fueled power plants, coal, cement, and metal industries leads to increased pollution. This is a key factor that will fuel this market. 

Innovation in the Asia-Pacific air filtration market would encourage new product development, reduced operating costs, compliance with quality standards, and energy conservation. These factors together will stimulate market demand. Increasing research & development investments besides new technological developments will support further growth. 

Ongoing developments in air filtration technology have improved air quality and minimized energy consumption. Advancements in nanotechnology, non-woven technology, and in raw materials like small fibers are expected to contribute significantly to this market. 

Browse Details of Report @ https://www.hexaresearch.com/research-report/asia-pacific-air-filtration-market

However, the initial installation costs of air filters, along with added attachments & other technologies can increase the overall product cost. This could hinder industry growth, since purchasing decisions are largely dependent on the overall cost of the product. 

The Asia-Pacific air filtration market is segmented into applications, products, technologies, and regions. On the basis of applications, the market is fragmented into pharmaceuticals, metals, power, food, and cement. The power segment can expand at a CAGR of about 10% during the forecast period. The can be attributed to advancements in nuclear power generation and defense. Rigid environmental norms require that the air be free of radioactive pollutants. This intern will positively impact market demand in the forthcoming years. 

The food segment is likely to witness considerable growth owing to stringent regulations imposed on food manufacturing units. The focus of food manufacturers on high-quality filtered air for better hygiene and safety will drive the Asia-Pacific air filtration industry. 

Products include automotive, residential, and industrial. In 2015, automotive air filtration dominated the market with over 55% of the total revenue shares. It would grow at a CAGR of about 8% during the forecast period. The growing need for replacing these air filters on a regular basis will support industrial growth. 

Growing at more than 9.4% CAGR, the industrial segment will hold a share of nearly 27% in the Asia-Pacific air filtration market. This segment is sub-divided into high-efficiency particulate air (HEPA) filters, dust, baghouse filters, CCF, dust collectors, and mist collectors. Mist collectors can witness substantial growth owing to their demand in metal processing and in the food & beverage (f&b) industry. 

Based on technologies, this market is categorized into electrostatic precipitators, baghouse filters, nitrogen control systems, fabric filters, scrubbers, flue gas desulphurization systems, and mercury control systems. Baghouse filters will expand robustly due to widespread application in mining, coal-fired plants, and cement industries. 

Regions encompass South Thailand, Australia, China, India, Malaysia, Japan, Korea, and Indonesia. China will continue to lead the Asia Pacific market and will grow at a 9% CAGR during the forecast period. 

Key players in the Asia-Pacific air filtration industry are Windsor Wire LLC, Cummins, Mahle, and MANN+HUMMEL group. Participants actively participate in mergers & acquisitions to expand and gain an edge over the consolidated market. 

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/hvac-and-construction-industry

About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: [phone] Email: [email protected] Website - http://www.hexaresearch.com/ Visit our Blog: https://hexaresearchinc.wordpress.com/

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Automotive Collision Repair Market Set to Reach USD 206.46 Billion By 2025

The global Automotive Collision Repair Market to reach USD 206.46 billion by 2025, driven by a surge in automobile production, digitalization of automobile repair services and advances in manufacturing technology such as 3D printing of automotive parts to optimize costs. Europe was the largest market accounting for 44.9% of the revenue share in 2016. However, it is expected to lose its share over the forecast period on account of increase in trade barriers created by Brexit. 

The increase in demand for vehicles driven by improvement in lifestyle in developing countries such as India and Brazil is expected to drive the growth of the market. Asia Pacific is anticipated to witness the fastest growth over the forecast period at a CAGR of 3.7% on account of increase in production and sale of automobiles and rising living standard. The increase in the number of vehicles on the road in countries such as China and India is expected to drive growth.

Browse Details of Report @  https://www.hexaresearch.com/research-report/automotive-collision-repair-industry

The automobile industry is expected to grow on account of increasing demand for passenger cars. Increasing number of accidents due to the lack of proper infrastructure is projected to drive the demand for spare parts and other special tools. The collision repair market is expected to grow at a CAGR of 2.5% from 2017 to 2025. The requirement of quick turnaround time for replacement of parts is likely to be an opportunity for growth of the market. 

Companies are investing extensively in R&D to enhance technology. For instance, in July 2016, BASF announced plans to step up its R&D activities for automotive coatings to a new world-class platform at the BASF Innovation Campus Asia Pacific in Shanghai, China. 

In addition to this companies are adopting the strategy of merger & acquisition. In February 2016, 3M Automotive Aftermarket Division collaborated with the German-based Tool Technic Systems AG & Co. KG to provide the collision repair industry a comprehensive surface preparation and finishing system. The new system is expected to launch in US and Canada impacting the growth of the market in North America.

In September 2016, BASF acquired Guangdong Yinfan Chemistry, China. This acquisition resulted in an addition of Yinfan’s products to BASF’s portfolio and enabled BASF to expand its portfolio in Asia Pacific. 

Hexa Research has segmented the global automotive collision repair market on the basis of product, vehicle type, end-use and region: 

Segmentation by product, 2014 - 2025 (USD Million)

• Paints & Coatings • Consumables • Abrasives • Fine Abrasives • Coarse Abrasives • Compound • Polishes • Glazes • Paint Spray Equipment • Paint cups • Others • Cleaners and Removers • Buffing pads • Others 

Segmentation by type of vehicle, 2014 - 2025 (USD Million)

• Light Duty Vehicle • Heavy Duty Vehicle 

Segmentation by end use, 2014 - 2025 (USD Million)

• OEM Manufactures • Recycled OEM • Aftermarkets • Refurbished Products

Segmentation by region, 2014 - 2025 (USD Million)

• North America • US • Canada • Mexico • Europe • Germany • UK • Asia Pacific • China • Japan • India • Central and South America • Brazil • Middle East and Africa • Saudi Arabia 

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/automotive-and-transportation-industry

About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: [phone] Email: [email protected] Website - http://www.hexaresearch.com/ Visit our Blog: https://hexaresearchinc.wordpress.com/

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Automotive Composites Market to Exceed USD 7.5 billion Till 2024

The global Automotive Composites Market stood at over USD 3 billion in 2015 and is expected to surpass USD 7.5 billion by 2024 expanding at a CAGR of over 8.5%. Rising preference for high fuel efficiency in passenger cars and growing vehicle production, particularly in the Asia-Pacific (APAC) region, will drive the global market during the forecast period (from 2016 to 2024). 

Increasing urban population base, especially in developing countries such as India & China, will offer numerous growth opportunities to the market players. However, recyclability issues along with high costs of raw material are likely to hinder the worldwide Industry growth. 

The global market is categorized into products, applications, and regions. 

Based on products, the global automotive composites market is segmented into Ceramic Matrix Composites (CMC), Metal Matrix Composites (MMC), and Polymer Matrix Composites (PMC). Polymer matrix composite is further categorized into Carbon Fiber Reinforced Polymer composites (CFRP) or natural fiber reinforced polymer composites and Glass Fiber Reinforced Polymer composites (GFRP). The metal matrix composites (MMC) market is likely to exceed USD 435 million by 2023. 

Browse Details of Report @ https://www.hexaresearch.com/research-report/automotive-composites-market 

The market for CFRPs is the fastest-growing and is projected to grow at a healthy CAGR during the forecast period. Strict environmental rules and demand for fuel-efficient cars will propel this segment. And increased application base for composites in latest vehicle models will also add to the demand.  

On the basis of applications, the global automotive composites industry is fragmented into interior, exterior, engine, and powertrain components. Owing to widespread expansion, chassis and powertrain components has been the fastest growing segment over the past couple of years. . The exterior components segment led the market due to high demand for aesthetic appeal and attractiveness in passenger cars. Engine & powertrain components is projected to witness maximum gains in the years to come. The global market is also segmented on the basis of technology into manual, continuous, injection, and compression. 

Regionally, the automotive composites industry is categorized into Europe, Asia Pacific (APAC), North America, Central and South America (CSA), and the Middle East and Africa (MEA). Surging income levels along with rapid industrialization in various developing countries has resulted in the greatest industry share in this region. Frequent business ventures and numerous product launches have made the region a lucrative hub for high investments. The European automotive composites market will register moderate growth from 2016 to 2024. Stringent environmental rules by the European government will boost regional growth. United Kingdom, Germany, and France automotive composite markets will perform favorably owing to the presence of major automobile manufacturers such as Renault and BMW. The North American region is also expected to have steady gains due to a rise in the customer spending capacity post recession. 

The global industry is highly consolidated one with four key players holding 70 % of the total market share. Some of the key companies are Mitsubishi Corp.; Toho Co. Ltd.; Toray Industries Inc.; and Koninklijke Ten Cate N. V. 

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/automotive-and-transportation-industry

About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: [phone] Email: [email protected] Website - http://www.hexaresearch.com/ Visit our Blog: https://hexaresearchinc.wordpress.com/

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Atmospheric Water Generator Market is Expected to Witness Growth at a CAGR of over 20.1% Till 2024

The global Atmospheric Water Generator (AWG) Market is expected to witness growth at a CAGR of over 20.1% in the forecast period (2016 to 2024). Rising demand for these products across large-scale industries; like oil & gas, steel, and paper should positively impact the industry. Moreover, technological improvements giving high water output also generate more sales. 

Declining availability of fresh water resources along with higher infrastructural expenses are said to drive the industry. Prices of machines from different manufacturers vary depending on applications, product efficiency, and quality. Most market products need ample electricity which could be impossible at some places, restraining the growth of this market. 

However, technological advancements in AWG products to provide on-board power supply; for example, solar panels can positively influence the industry during the next eight years. Also, several dealers in the supply chain may pose industry challenge, resulting in unwanted hold-ups through manufacturing. Hence, the incorporation of AWGs across the value chain would be the key to market sustenance from 2016 to 2024. 

Browse Details of Report @ https://www.hexaresearch.com/research-report/atmospheric-water-generator-market 

However, high costs of industry products, along with high energy consumption, limit further penetration, especially in residential applications. Manufacturers will come up with innovative technologies and production methods to lower the overall costs of products to gain attention from residential & commercial users. The atmospheric water generator market is categorized into products, applications, and regions. 

Products comprise cooling condensation and wet desiccation. Cooling condensation AWGs are the most commonly utilized. These generators occupied over 95 % of the total shares in 2015. Various technological developments related to lower power consumption & costs are projected to augment segment growth till 2024. 

Lack of customer awareness about wet desiccation products coupled with their complex mechanism should restrict their growth. However, substitution of crystalline brine salts with liquid brine to enhance air moisture extraction is likely to boost the demand for wet desiccation AWGs in the eight years ahead. 

Applications include residential, industrial, and commercial. Residential led the market in the past and is said to continue likewise during 2016 to 2024. Demand for AWGs from this segment should grow at a CAGR of over 14 % over the forecast period. Commercial applications are estimated to grow at the highest rate of over 19 % in the near future. Industrial will observe substantial expansion. 

Regions in the worldwide atmospheric water generator market are Latin America, Asia Pacific, Europe, North America, and the Middle East & Africa. Demand in MEA is projected to grow at a CAGR of 18 % till 2024. Its awareness regarding AWG benefits can drive the regional industry. India and China may experience high gains on account of their rising urbanization and changing lifestyles. 

Moreover, higher prevalence of water scarcity and unusual rainfalls in India would propel the demand for ideal water production alternatives. This is forecast to positively influence the Indian market. The huge need for power supply for AWGs renders it impractical for usage across few geographical regions. Some of the eminent players in the global market encompass Fujian Yuxin Electronic Co. Ltd.; Watair Inc.; Ambient Water Corp.; and Technocom Pvt. Ltd. 

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/next-generation-technologies-industry

About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: [phone] Email: [email protected] Website - http://www.hexaresearch.com/ Visit our Blog: https://hexaresearchinc.wordpress.com/

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Automotive Robotics Market Set to Hit USD 16 billion till 2024

The global Automotive Robotics Market is predicted to grow at a CAGR surpassing 11% over the forecast period (2016-2024). The market is likely to exceed USD 16 billion by 2024. Demand for trucks, cars, buses, and off-road vehicles will drive the industry. Growth in automotive manufacturing will increase the demand for automotive robots. Investment in new production capacity of emerging markets could add to market growth. Modernization in automobile manufacturing can stand to benefit the market. 

Improvements in technology, production capacity, and sustainability are expected to augment demand. Investments to enhance production capacity in fledgling markets will also play a key role. Greater need for precision & quality control stimulates the demand for automotive robotics. The lack of skilled labor and rising wages are the other market drivers. However, high capital investment, uncertain return on investment, and lack of skilled labor for mechanical operations can inhibit industry growth. 

The global automotive robotics market is split into applications, products, and regions. Applications include automated guided vehicles (AGVs), assembling, painting, welding, cutting, and dispensing, among others. Robots are deployed to find the minutest manufacturing differences in handling activities. The robot-to-robot work ensures quality and efficiency of the product. 

Browse Details of Report @  https://www.hexaresearch.com/research-report/automotive-robotics-market 

Painting of a vehicle is an integral part of its manufacturing process. It calls for consistency and precision throughout production. When used for painting, automotive robots employ flow meters. These reduce wastage and ensure that the paint is evenly coated on the vehicle body. Companies direct their R&Ds towards enhancing productivity and reducing costs & delivery time. 

Furthermore, automotive robots perform tasks, such as laser welding, machine loading, material handling, packaging, parts leaning, palletizing, pick & place, polishing, sealing, spraying, and welding. These applications can augment market demand during the forecast period. 

Based on products, the global market is fragmented into Cartesian robots, articulated robots, selective compliance assembly robot arm (SCARA), and others. The articulated robots segment is projected to register the highest CAGR in the years to come. This segment will continue to dominate the global market. Activities, such as arc welding, de-assembling, cutting & milling, coating, grinding, gluing, spot welding, and handling of metal casting drive the demand for articulated robots. SCARA are primarily used for inspection of finished products, assembly cells, and tightening of screws. 

Regions in the automotive robotics industry are North America, Europe, Asia Pacific, and Rest of the World (ROW). Asia Pacific is expected to witness substantial growth owing to rapid industrialization and rise in manufacturing activities. The China market will expand significantly because of government regulations and the availability of funds supporting domestic players. The country could exhibit high demand for robotics from its manufacturing sector by the end of 2017. Demand for automation in electronics and automotive industries will fuel this region. The U.S. automotive robotics industry will add to the growth of the North America market. With Germany contributing significantly to industry growth, the Europe automotive robotics market is expected to perform favorably. 

Participants in the worldwide automotive robotics industry are the ABB Group, KUKA AG, Yamaha Robotics, and FANUC Corporation. These companies focus immensely on R&D to develop innovative technology. They also partake in mergers & acquisitions to enhance their market shares. 

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/automotive-and-transportation-industry

About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: [phone] Email: [email protected] Website - http://www.hexaresearch.com/ Visit our Blog: https://hexaresearchinc.wordpress.com/

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3D Gaming Console Market to Grow Lucratively Over 12% CAGR till 2024

Hexa Research Inc. projects the global 3D Gaming Console Market to grow lucratively (over 12% CAGR) in the forecast period (2016 to 2024). Market volumes could surpass 60 million units by 2024. This may be attributed to the extraordinary gaming experience offered by 3D (three-dimensional) game consoles. Technical innovations have facilitated gamers to get a feel of the ‘real environment’ while playing. 

Higher affordability of 3D display technologies, latest software, and advanced devices have triggered a transformation in the gaming & entertainment industry. 3D gaming consoles project the images of conventional 2D games in three-dimensional format. 

Moreover 3D technology creates ‘near-perfect’ spatial localization that renders an accurate perception of surface materials in gaming. The ‘immersive’ feel thus offered is unparalleled. Demand is also buoyed by rising purchasing power. Youngsters, especially, are attracted to these games due to their realistic visuals. 

Browse Details of Report @ https://www.hexaresearch.com/research-report/3d-gaming-console-market

A major constraint on industry growth is the high developmental costs of gaming software. Prolonged gaming has an adverse effect on humans, especially the eyes. Also, with smart phones equipped with three-dimensional technology, the demand for 3D consoles may drop. 

The 3D gaming console market is split as per components, technologies, consumers, and geographies. Components include hardware and software. Some of the technologies are Leap Motion, Active Shutter Technology, Auto Stereoscopy, and Project Holodeck. Oculus Rift, KINECT motion gaming, Xbox IllumiRoom, and Polarized Shutter Technology constitute the rest. 

Consumers of 3D consoles encompass gaming, healthcare,   and mobiles. Healthcare is anticipated to largely benefit from ‘virtual reality’ that uses 3D technology. Potential uses of these consoles across medicine include doctor training, pain management, surgical procedures, etc. 

Sony Playstation, Microsoft Xbox, and Nintendo Wii are highly popular brands. Consoles are available in four types; namely hand-held, home, dedicated, and micro. Based on regions, the global market consists of Asia Pacific, Europe, North America, South America, and the MEA (the Middle East & Africa). 

Europe reigned in 2015 and is expected to do the same till 2024. Asia Pacific held considerable shares in 2015. China is a major contributor to Asia Pacific. India, South Korea, and Japan are the other key consumers in this region. 

Asia Pacific should be the fastest-growing geography during 2016 to 2024. This will be ascribed to its high population and innovative technologies (like 3D imaging, virtual reality, augmented reality, etc.). The U.S. is likely to witness rapid growth in the near future. Its attraction for three-dimensional consoles drives the nation. 

Notable participants in the worldwide 3D gaming console market are Microsoft Corporation; Oculus VR; Apple Inc.; Sony Computer Entertainment Inc.; and Electronic Arts Inc. Sony is the industry leader. It focuses on innovations and strategic tie-ups. The company has entered alliances with software & hardware developers. Its latest product, ‘PlayStation 4’ generated sales volumes of 40 million units in May 2016. Its upcoming product - the ‘Morpheus VR headset’ is highly awaited. 

‘Microsoft Corporation’ faces direct competition from ‘Sony’ products. It introduced ‘Xbox game stations’ and ‘HoloLens VR headsets’ to enter the 3D ‘games station’ industry. Most of the players are engaged in technological developments that will provide completely ‘immersive experience’ to gamers. They also enter partnerships and consolidations for the same. 

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/next-generation-technologies-industry

About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. 

Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: [phone] Email: [email protected] Website - http://www.hexaresearch.com/ Visit our Blog: https://hexaresearchinc.wordpress.com/

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North America Air Conditioner Market To Show $52.5 Billion By 2020

North America Air Conditioner Market size is expected to be valued at USD 52,560.7 million by 2020, as per a new research report by HexaResearch. Increasing usage of energy efficient air conditioners owing to declining energy consumption rate is expected to drive demand. Stringent government regulations in practice for decreasing energy consumption may play a key role in industry development. The increasing gap between energy supply and demand is compelling the government to take rigorous initiatives for the adoption of rated electrical appliances. 

Split air conditioners dominated the North America air conditioning systems market, with revenue of USD 19,684.6 million in 2014. Airside air conditioning system was the second largest product segment, valued at USD 4,739.8 million in 2014. It is expected to grow at a CAGR of over 7.5% from 2014 to 2020. Flexibility and enhanced comfort level are factors likely to promote its demand. 

Energy star rated air conditioning systems are expected to exhibit less energy consumption and release less green house gases. Augmentation in construction sector owing to increasing construction permits for construction of malls, industrial facilities and corporate offices is expected to elevate the industry growth. However; domestic manufacturers are anticipated to face profitability issues due to competition from Chinese imported substitutes. 

Browse Details of Report @ https://www.hexaresearch.com/research-report/north-america-air-conditioner-market 

Key report insights suggest: 

•S. air conditioner market dominated regional demand with an estimated industry share of 84.24% in 2014. Increasing awareness regarding energy efficient models is expected to have positive influence in regional demand. Mexico is expected to witness highest growth, growing at a CAGR of 10.3% during 2014 to 2020.

•Portable air conditioner systems are expected to be the fastest growing products, at a CAGR of over 11% and exceed USD 610.0 million by 2020. Compactness and high efficient properties of these systems is expected to drive growth. Chillers are likely to witness gains at over 8% with revenue forecast of USD 240 million by 2020.

•Residential applications dominated demand with an estimated share of 37.81% in 2014. Commercial is the fastest growing application segment and is likely to witness growth at a CAGR of 9.6% from 2014 to 2020. The growth can be attributed to increasing consumerism and pleasant shopping experience.

•Fairly consolidated North America air conditioner industry consists of key companies such as Carrier, Daikin, Mitsubishi, Hitachi, Trane, LG and JCI among others. 

For the purpose of this study, Hexaresearch has segmented the North America air conditioner market on the basis of product, application and region: 

North America air conditioner Product Overview (Thousand Units; Revenue, USD Million, 2012 - 2020)

•Portable •Window •Split •Single packaged •Chillers •Airside

North America air conditioner Application Overview (Thousand Units; Revenue, USD Million, 2012 - 2020)

•Residential •Commercial •Industrial

North America air conditioner Region Overview (Thousand Units; Revenue, USD Million, 2012 - 2020)

•S. •Canada •Mexico 

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/hvac-and-construction-industry

About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: [phone] Email: [email protected] Website - http://www.hexaresearch.com/ Visit our Blog: https://hexaresearchinc.wordpress.com/c

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Intelligent Transportation System (ITS) Market is Estimated to Attain USD 38.68 Billion by 2020

Global Intelligent Transportation System (ITS) Market is estimated to attain USD 38.68 billion by 2020, as per a new research report by HexaResearch. Cost effectiveness along with escalating need for road safety is likely to boost global demand. 

ATMS was the leading product segment and was valued USD 7,366.5 million in 2014. It is expected to witness significant gains, with estimate of USD 15,050.8 million by 2020 at a CAGR of 12.6% during the forecast period. It is used to minimize congestion and ensure proficient use of road space. ATPS was valued at USD 5,031 million in 2014, and is projected to attain USD 10,748.6 million by 2020, at an estimated CAGR of 13.5% over the next six years. 

The system improves the supply chain course and yield high cost ratio. Increasing adoption of intelligent transportation system in emerging countries such as Russia, India, Brazil, South Africa and China has offered several economic advantages. It helps the consumers in reducing the overall fuel utilization and travel time by avoiding overcrowded routes or traffics. Need for interoperability is likely to create challenge to industry participants. However, transportation authorities, governments and ITS services providers have been actively working together to improve overall interoperability. 

Browse Details of Report @ https://www.hexaresearch.com/research-report/intelligent-transportation-system-its-industry

Key report insights suggest: 

- Global intelligent transportation system market was valued USD 18.5 billion in 2014, with estimation of USD 38.6 billion by 2020, growing at 13% from 2014 to 2020 

- Global ITS market demand in traffic management system was USD 5,773.7 million in 2014 which is probable to achieve USD 11,429.6 billion by 2020, growing at a CAGR of 12.1% from 2014 to 2020. Advantages offered by this system include operation performance and reliability are predictable to stimulate the industry demand. Public transport is expected to grow at 13.4% over the next six years. 

- North America leads the regional demand with market share of 43.66% in 2014. Strict government initiatives have encouraged the demand in this region over the forecast period. Asia Pacific ITS market is expected grow at high rates compared to other regions. The region is expected to grow at a CAGR of 14% up to 2020. 

- The industry is reasonably competitive, with top ten manufacturers which account for a large percentage of industry share in 2013. Major participants include Kapsch TrafficCom, Hitachi Ltd., Siemens AG, SWARCO AG, TomTom NV, Denso, Q-Free ASA, Garmin International, IBM Corp. and Xerox Corp. 

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/next-generation-technologies-industry

About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: [phone] Email: [email protected] Website - http://www.hexaresearch.com/ Visit our Blog: https://hexaresearchinc.wordpress.com/

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Digital Transformation Market To Grow At A Lucrative Rate By 2020 | Hexa Research

Digital Transformation Overview

The Digital Transformation Market has undergone changes in the current scenario. It has experienced rapid technological dependence in comparison to the former decade. This has spurred the sales of cellphones, tablets, personal computers, fitness trackers, and other technological devices. Furthermore, cloud computing has increased the personal space allotted to users. 

4G guarantees better data connectivity and internet speed and brings the future of digital economy even closer. Technology has bridged the communication gap owing to the presence of social networking. Various forms of technologies have been adopted by governments to address the issues of citizens. The digital transformation market is expected to witness growth in the years ahead. 

Digital transformation focuses on technologies that aid in decision-making, product rollouts and promotions. It also furthers the incomes of businesses by providing technologies that aid in customer engagement. Some of the newest digital transformation market technologies that have drawn enough attention include 3D printing, cloud storage, and augmented reality (AR). 

Browse Details of Report @ https://www.hexaresearch.com/research-report/digital-transformation-industry 

Although in their nascent stage, most of these technologies would be used in the future in the sectors of construction, transportation, industrial design, hospitals, and military. Banks are an important pillar of developing economies. They have joined the digital transformation market in conducting most of the transactions online. This has been done for the benefit of the customers. 

Market Insights 

The digital transformation market consists of various verticals according to the business conducted in each. Cloud storage provides space to clients who need huge servers to function. Retail, insurance, consumer packaged goods, pharmaceuticals, manufacturing, travel and tourism, and telecom will join the digital transformation market in maintaining online presence in the years ahead. 

Rising demand for AR devices, heads up display (HUD) devices, and simpler user interfaces is also predicted to steer the market income. The digital transformation market was valued at around $983 billion in 2013. It is likely to grow at a CAGR of about 24% by 2020. Mobile apps gained lion’s share (19%) in 2013. They are expected to grow at a CAGR of about 31% by 2020. 

Some other new technologies of the digital transformation market are Internet of Things (IoT), cloud, big data, and other digital services. 

Regional Outlook 

North America dominated the market in 2013. It captured around 29% of the worldwide share. Online payment options and internet connectivity are the prime reasons for the growth of this region. Firms of the North American digital transformation market are using various technologies to promote their businesses through websites and social media. 

This would greatly enhance the status of the regional market and drive its sales. The European Union (EU) had begun internet banking operations to reduce obstacles faced by businesses while conducting transactions. Latin America is expected to have good potential for the digital transformation market. 

Boosting mobile network operators (MNOs) in India, China, and South Korea from the Asian Pacific (APAC) region are also estimated to raise the demand for the global market. Growing IT-enabled services in APAC will ensure a strong future for the digital transformation market. 

The Middle East is an untapped region that’s utilizing digital technologies on a knowledge-based approach. UAE, Qatar, and Saudi Arabia are becoming increasingly dependent on Internet communication technologies (ICTs). As such, the sectors of banking and insurance   have had around 40% share in the MENA industry. 

Key Players 

The key players of the digital transformation market include Persistent Systems, IBM, Accenture, Tata Consultancy Services, Cognizant, Capgemini Consulting Global, Deloitte, Booz & Co., PricewaterhouseCoopers (PwC), CGI Group Incorporation, and Econsultancy. 

In the Middle East and North Africa, entrants, like Ystrat, Intel, and Elite Technologies are trying to gain a strong grip in the global digital transformation market. 

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/digital-media-industry

About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: [phone] Email: [email protected] Website - http://www.hexaresearch.com/ Visit our Blog: https://hexaresearchinc.wordpress.com/

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Digital Signage Market is Predicted to Reach Revenues Worth USD 20.1 Billion by 2020

Traditional advertisement has taken a back seat to make way for novel technologies like interactive ads on mobile phones, websites, and digital billboards. Digital signage systems encompass digital devices that can display information or content. 

The Digital Signage Market is predicted to reach revenues worth USD 20.1 billion by 2020, as per a report by Hexa Research. It was worth around USD 13.3 billion in 2013. The market will display 6.1% CAGR from 2014 to 2020. Factors like improved user experience, decreasing prices of display panels, and cost-effective promotion should positively impact the market. 

The digital signage market is divided on the basis of technologies, applications, and geographies. Technologies like LCD, LED, and front projection are expected to propel the market. LCD had lion’s share in 2013, and accounted for more than 50% of the global revenues that year. LED will be adopted in the near future for saving energy. 

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The market finds applications in banking, healthcare, education, retail, and transportation. Companies utilize point-of-sales (POS), point of transit (POT), point of purchase, and infotainment to entice consumers. Retail had more than 40% share in 2013 and would dominate the digital signage market over the next six years. 

The sector of healthcare has utilized digital signage to provide registration information on cell phones, tips on better health, and guidance to visitors. Geographies wise, North America captured more than 35% of the total demand in 2013. It will face increased demand from various sectors owing to advanced infrastructure and technology. 

Asia Pacific has the highest potential on account of decreasing prices of LCDs and favorable regional conditions. The worldwide digital signage market includes major players in Nippon Telegraph and Telephone (NTT) Corporation, Microsoft Corporation, Cisco Systems Inc., and LG Electronics. It is expanding swiftly due to product developments and technological advancements by its players. 

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About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. 

Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: [phone] Email: [email protected] Website - http://www.hexaresearch.com/ Visit our Blog: https://hexaresearchinc.wordpress.com/

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Mobile Wallet Market is Estimated to Reach Over USD 2,950 Billion By 2020

Mobile wallet is the electronic wallet that provides reliability to the consumers to purchase electronically and to make payments online. According to the study by Hexa Research Mobile wallet Market is estimated to reach over USD 2,950 billion by 2020. Increasing growth of mobile internet application and Smartphone penetration, are expected to serve key market drivers over the forecast period. The global mobile wallet was estimated to comprise over 200 million users in 2013, expected to reach over 1,420 million users by 2020, with growing CAGR of 30.0 % from 2014 to 2020.Retail being the largest application area in 2013, contributed for over 39% of global market. 

This can primarily be attributed to initiatives to equip retail stores with easy mobile device payment options along with integration of POS terminals and several loyalty schemes that results in better customer engagement. North America dominated the Mobile wallet industry globally, contributing in largest market share in terms of revenue. The early adaption of advanced internet services like 3G and 4G are the major factors promoting the mobile wallet industry in this region. Asia Pacific is likely to witness lucrative growth over next five years due to rapid increase in awareness about online payment and mobile wallet services. Asia Pacific contributed for over 30 % of Mobile wallet market volume globally. This region is likely to witness the rapid growth over next five years. 

Browse Details of Report @ https://www.hexaresearch.com/research-report/mobile-wallet-industry

The mobile wallet payment is divided into methods such as person to person payment (P2P) and customer to business payment (C2P) on basis of transaction targets. It is further divided into Proximity payment and Remote Payment. Remote payment is the process where the customer makes payment through short range of communication technology such as Bluetooth, infrared, near field communication and RFID. In remote payment method, the user makes payment with mobile devices and operates back end system through communication network. 

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About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. 

Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: [phone] Email: [email protected] Website - http://www.hexaresearch.com/ Visit our Blog: https://hexaresearchinc.wordpress.com/

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Password Management Market is Expected to Grow at a CAGR of More Than 17.5% Till 2019

According to a recent study by Hexa Research, the global Password Management Market is expected to grow at a CAGR of more than 17.5% from 2014 to 2019. Stringent regulations pertaining to creation and alteration of passwords and complexity of systems are generating high demand for password management solutions from many organizations worldwide. Rising accounts of cyber crimes are leading to increased need for efficient password protection services, either self serviced or privileged. Cloud computing and effective pricing are also contributing to growth. The global password management market was valued at approximately $310 million in 2014. It is expected to grow to around $708 million in 2019. However, Hexa Research opines that higher need for customized solutions and poor success rate of implemented projects will inhibit industry growth. 

Key end-use industries for the global password management market constitute education, banking, financial services, and insurance, healthcare, telecom, manufacturing, energy, etc. These sectors are characterized by a complex network of password protected systems that permit access only to specific authorized users. 

Browse Details of Report @ https://www.hexaresearch.com/research-report/password-management-industry/

Hexa Research segments global password management industry on the basis of organizational size into enterprises and SMBs – small and medium-sized businesses. Enterprises create significant demand for password management services due to the need for securing their complex systems. 

North America will prove to be most lucrative for the growth of password management industry primarily due to widespread end-use applications. Also, there is a high presence of several market players in this region, which boosts growth. Hexa Research identifies IBM, Google, Microsoft, Dell, Sailpoint Technologies, Avatier Corporation and Knowledge Secure Systems Ltd., among others, as the main operators in the global password management industry. They offer on-site or cloud based password management solutions. Google and Microsoft are engaged in development of innovative methods for managing passwords that include USB tokens, automatic encrypted solutions, etc. 

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About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. 

Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: [phone] Email: [email protected] Website - http://www.hexaresearch.com/ Visit our Blog: https://hexaresearchinc.wordpress.com/

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Automated Fare Collection Market is Anticipated to Be Valued Beyond USD 8.5 Billion By 2024

The Automated Fare Collection Market is anticipated to be valued beyond USD 8.5 billion by 2024. Automated fare collection systems are the combined modules, which facilitate the automated ticketing system for public transportation network. They offer a constant and incorporated platform for all the actions concerned with the fare gathering with equipment such as ticket checking machine, ticket vending machine, and automatic gate machine. 

These systems are chiefly used in a several high transit areas counting huge commercial workplaces, government buildings, and public transport ports. The increasing demand for proficient, automated, and tranquil transportation is spurring the requirement for automated fare collection systems. 

The escalating focus on improving the transport infrastructure, safety measures, and simplicity for the purchaser is likely to stimulate the industry growth in the near future. However smooth revenue collection and initial high cost of setting up can influence the automated fare collection systems, thereby, propelling the overall market demand during the forecast period (2016-2024). 

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The global market can be segmented by technologies, components, systems, system components, and regions. Technologies are magnetic strip, smart Card, NFC, and OCR. Components consist of hardware software. Systems include fare gates, ticket vending machine, ticket office machine, and IC cards. Market systems components are ticket vending machine by component, ticket office machine by component, fare gates by component, and IC cards by components. 

Key regional segments in the market comprise North America, Europe, Asia-Pacific, the Middle East & Africa (MEA), and Latin America. Europe dominates the total AFC market and is strongly followed by the North American market due to a developed transportation communications. 

The overall automated fare collection market is extremely competitive in nature. The key manufacturers are NXP Semiconductor, Omron Corporation Thales Group, LG Corporation, Advance Cards Systems, Fare Logistics, and Samsung SDS. 

Strategic mergers & acquisitions and partnerships and are projected to be the most successful strategies for market players to acquire a competitive benefit in the promising markets. Also, this will potentially augment their technological capability. There has been a novel trend of partnerships among the transit service suppliers and product makers for the integration and interoperability of systems. 

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About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. 

Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: [phone] Email: [email protected] Website - http://www.hexaresearch.com/ Visit our Blog: https://hexaresearchinc.wordpress.com/

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Flexitanks Market To Reach Beyond USD 923 Million By 2022

The worldwide Flexitanks Market was worth over USD 208.5 million in 2014. It would grow to USD 923 million by 2022. Rising export from Europe and Asia Pacific has triggered demand for bulk packaging across the globe. Rising requirement for flexible storage and portability of liquids is favoring market growth. Flexitanks offer competitive advantages that include ease of setup, foldability and portability. 

They are more cost-effective as compared to ISO (International Organization for Standardization) tanks & drums. These tanks eliminate repositioning costs. Their loading and labor costs are also low. Hence they are highly preferred in case of bulk liquids for remote destinations. 

The flexitanks market is segmented as per products, applications and regions. Single-trip and multi-trip are the two product categories. In 2014, single-trip disposable bladder dominated the market, contributing over 90% of the total demand. These bladders are highly cost-effective. They offer increased carriage capacity and low costs. On the other hand, multi-trip tanks bear extra costs related to repositioning and cleaning. 

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Applications encompass industrial products, foodstuffs, pharmaceutical goods, chemicals & oils. Foodstuffs were the leading application, with volume share exceeding 30% in 2014. Flexitanks are used to transport semi-solid and liquid foods such as edible oil, fruit concentrates, fruit juices, potable water. Those with FDA (Food & Drug Administration) approval may also be used to transfer bulk medicaments across borders. 

Flexitanks are increasingly being used to transfer industrial products and oils. They are gaining popularity amongst exporters due to the environmental and economic benefits of bulk commodity shipping. 

Region wise, the market is spilt into Asia Pacific, Europe, North America and MEA (Middle East & Africa). Asia Pacific led the market in 2014. It consumed over 60% of the global volumes that year. Optimistic outlook on commodity export in Indonesia, China, Thailand, India and Vietnam has been a key driver. 

Europe is an important exporter of several foodstuffs and wine. Denmark, Spain and the Netherlands export fruit juices, malt extracts, olive oil, etc. European demand for flexitanks in chemicals & oil applications is growing on account of rising manufacture of chemical and industrial products in Germany and UK. 

Key companies in the global flexitanks market include Trans Ocean Bulk Logistics Ltd, Environmental Packaging Technologies Inc., SIA Flexitanks Ltd., and Qingdao LAF Packaging Co. Ltd. High integration exists among distributors, manufacturers and logistics services. 

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About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. 

Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: [phone] Email: [email protected] Website - http://www.hexaresearch.com/ Visit our Blog: https://hexaresearchinc.wordpress.com/

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Automotive Electronics Market To Reach Beyond $290 Billion By 2024

The global Automotive Electronics Market is estimated to be valued more than USD 290 billion by 2024. Rising premium audio system and advanced driver assistance system demands are the key factors anticipated to augment the market growth. Accident recorder systems, emergency call systems, and alcohol ignition interlocks are the technologies that are said to boost the growth in the near future. In addition, rising trend of in-vehicle infotainment is also likely to help boost the market. High complexity levels and lacking awareness about the overall subsystems’ understanding may hinder the growth. The global automotive electronics market is divided into applications and regions. 

The application sector comprises body electronics, Advanced Driver Assistance System (ADAS), infotainment, safety systems, and powertrain. The regulatory boards of various economies have taken steps for integrating safety gadgets in cars and other vehicles so as to restrain the occurrence of fatalities caused by road accidents. 

Some of the necessary devices utilized to ensure passenger safety are backup sensing system, airbags, on and off switches for air bags, auto dimming mirrors or electrochromatic mirror, head restraints, energy-absorbing steering system, heads-up display, passenger sensing system, and padded knee bolster. 

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The ADAS application sector is projected to witness high growth during the forecast period (from 2016 to 2024). This is due to various strict safety regulations resulting in the major adoption of in-car active safety systems. Demands for in-vehicle data storage, to support sophisticated in-car features, are estimated to be the major growth driving factors for infotainment systems.

Geographically, North America dominated the global automotive electronics market in 2015. However, Asia-Pacific is anticipated to experience high growth on account of the rising needs to meet strict standards, to increase product quality, for reduced production costs, and for customized vehicle features. Developing economies including India and China are likely to positively impact the growth of the region. 

The major companies operating in the global automotive electronics market include Robert Bosch GmbH; Continental AG; Denso Corp.; Delphi Automotive PLC.; TRW Automotive; Johnson Controls Inc.; and Autoliv AB. The major sustainability and growth strategies used by all such companies include creating technology partnerships with other companies in the ecosystem. Plus, automakers are anticipated to increase the intelligent electronics adoption that makes their products safe to drive and environment-friendly. 

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About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. 

Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: [phone] Email: [email protected] Website - http://www.hexaresearch.com/ Visit our Blog: https://hexaresearchinc.wordpress.com/

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Integrated Systems Market To Grow At A Lucrative Rate By 2024 | Hexa Research

The global Integrated Systems Market is projected to exhibit double-digit growth during the forecast period (2016-2024). This may be attributed to substantial demand for abridged deployments and lower number of standalone solutions. The shift from mainframe systems to internet computing has altered the way consumers buy, build and deliver technology. 

Integrated systems are easily managed through a single console leading to lesser operational expenditure. They simplify processes, reduce costs, and are highly flexible. These advantages along with the escalating need to reexamine data center infrastructure are fueling market growth.

However, high deployment costs are a major challenge to widespread adoption of such systems in the coming years. 

The integrated systems market is segmented on the basis of services, end-users, products, and regions. 

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Services are divided into consulting, maintenance & support, and integration & installation. Integration & installation are likely to grow at a lucrative pace till 2024. This owes to huge demand from several small, medium and large enterprises. End-users comprise defense & energy, manufacturing, healthcare, retail, educational institutes, information technology & telecommunication systems, and BFSI (Banking, Financial Services, & Insurance). 

Retail and manufacturing are estimated to experience robust growth in the eight years ahead. The retail sector benefits from in-store supervision of complete systems, which reduces store system downtime. Such proactive management lowers ownership costs. Revenues from BFSI could exceed USD 8.5 billion by 2024. Information technology & telecommunication systems are also foreseen to garner high revenues in forthcoming years. 

Products consist of pre-integrated systems, tested systems, and validated systems. Validated systems are further split into integrated workload systems and integrated infrastructure systems. The latter is expected to dominate the market in the forecast period. 

North America, Europe, Latin America, Asia Pacific, and MEA (the Middle East & Africa) constitute the regional market segments. North America reigns as a result of high market penetration and latest technological deployments. Asia Pacific could be a key contributor to the global revenues. This would be triggered by data centre transformations in the emergent economies of China and India. 

Leading players in the worldwide integrated systems market encompass Cisco Systems Inc., Hewlett & Packard (HP) Company, Oracle Corporation, IBM Inc., and Fujitsu Inc. Many companies ally with those offering cloud-based storage and virtualization solutions for expanding their converged infrastructure installation. 

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About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. 

Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: [phone] Email: [email protected] Website - http://www.hexaresearch.com/ Visit our Blog: https://hexaresearchinc.wordpress.com/

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Third Party Logistics (3PL) Market To Grow At CAGR Above 5% Till 2024

The Third Party Logistics (3PL) Market is expected to grow at a CAGR of over 5 % during the forecast period (from 2016 to 2024). Rising focus on core business activities along with reduced shipping costs is expected to spur the growth of the global market. The introduction of e-commerce coupled with entrepreneurial ventures is also said to augment the demands for supply chain execution capabilities as well as specialized logistics. Various factors such as the emphasis on price and risk containment are said to hinder the market growth. In addition to this, sluggish economic growth and inconsistent freight volumes are also likely to hamper the overall market growth over the coming years. The global market is segregated as services and regions. 

The services sector involves dedicated contract carriage, domestic transportation management, software, international transportation management, and warehousing & distribution. The International Transportation Management (ITM) sector led the global market in 2014 and is expected to witness reach USD 340 billion by 2024. It includes goods brokerage and value-added transport management services. The Warehousing & Distribution (W&D) sector occupied for more than 23 % of the total market share in 2014. Other sectors including refrigerated grocery coupled with pharma applications are likely to witness the maximum growth prospects for value-added warehousing services in the near future. 

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Geographically, the Asia-Pacific third party logistics (3PL) market dominated the global market in 2014. The regional market is projected to reach USD 390 billion by 2024 growing at a healthy CAGR of over 6 % from 2015 to 2024. The European 3PL market is anticipated to reach USD 212 billion by 2024 growing at a CAGR of over 3 % during the estimated years. 

The North American regional market is said to reach USD 270 billion by 2024. The region is expected to witness lucrative growth opportunities on account of steadily decreasing transportation charges and labor costs in the United States as well as Mexico. In addition to this, rapid improvement in technology logistics software is said to boost the growth of the market across the region in the next few years. 

The major players in the third party logistics (3PL) market are Expeditors International; UPS Supply Chain Solutions; and Kuehne + Nagel International AG. 

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About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. 

Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: [phone] Email: [email protected] Website - http://www.hexaresearch.com/ Visit our Blog: https://hexaresearchinc.wordpress.com/