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Construction Software Market Key Players, Share, Trend, Applications, Segmentation and Forecast to 2023

Market Research Future (MRFR) in its extensive report states that the global construction software market is set to advance at a moderate 8.8% CAGR over the forecast period (2017-2023). It can reach a valuation of USD 2715.6 Million by 2023. The financial visibility feature of the software helps in controlling expenses and estimating costs on projects. Reduction in design time also helps trigger the demand for construction software. The popularity of cloud-based construction management software and increasing investments in the construction sector have paved the way for market growth across the globe.

MRFR forecasts that by 2020, the cloud market will reach USD 270 billion, with public cloud growing at 44% growth rate. Mobility, cost saving, and reduced maintenance make cloud-based construction software highly attractive to global end users. Moreover, construction software companies in the market offer a wide range of solutions from managing contracts to subcontractor and supplier bids, cash flows and budgets. The report also asserts that nearly 87% of the construction contractors are projected to use cloud-based construction software to restructure the aging hardware costs and enhance their productivity and efficiency. However, high initial cost of software can restrain the market growth in the coming years.

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Players Covered

Turtle Creek Software, iSqFt, Constellation Software Inc., Builder TREND, Comprotex Software Inc., BuilderMT, Trimble Inc., Procore Technologies, Oracle Corporation, and Sage Group PLC are notable players in the construction software market.

The report offers comprehensive profiles on these market players and assesses their current standing in the construction software market. Company history coupled with annual turnover, segmental share, SWOT analysis, growth strategies, new product launches, M&A activities, and latest R&D initiatives are outlined in the report.

Market Segmentation

As per the study, the Construction Software Market has been segmented by the elements of product and application.

In terms of product: Cloud-based, on-premise based, and web-based are the segments in the market. Wherein, the on-premise based segment is likely to endure lucrative during the forecast period, but the other side, the cloud-based segment can observe a high adoption due to flexibility and scalability features of cloud technology being installed in the software.

In terms of application: Building owners, independent construction managers, general contractors, and sub-contractors are the segments. Of these, the general contractor’s segment is expected to lead the market in support of the software which continues improving communication between various employees. Such an integration even exceeds to mobile applications, thus making the software smartphone friendly.

Regional Outlook

The analysis of global construction software market is also done among the foremost regions of North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

In the latest, North America acquires the largest market share for the construction software market and is expected that it will continue its leadership in the forecast period. The growth of the market in this region is mainly attributed to the high adoption rate of cloud technology. Also, the need to reduce design time and paperwork can provoke the demand for construction software in North America. Moreover, the US public sector is heavily investing in the construction industry, which is ready to create more opportunities for the software providers, thus thriving the market to grow at a rapid pace. Besides, rising number of long-term infrastructure plans in Canada have also contributed massively to the construction software market growth in the region.

According to the study, Asia Pacific is also probable to register the fastest growth in the construction software market during the forecast period attributed to the factors such as rapid development of public infrastructure and surged investment in smart city projects. With this, the key sectors that are utilizing construction software are infrastructure, transportation, healthcare, and (public) housing. The construction sector in Asia Pacific is supposed to thrive with the development of infrastructural projects, which includes electricity works, transportation projects, and water/sewerage plants.

In Europe region, the construction software market is also increasingly gaining traction in support of the organizations that are involved in architecture, engineering, and construction (AEC) sector along with owners of buildings like real estate managers. On the other side, the stringent government initiatives and surging cost-saving needs play a pivotal role in boosting the market growth in the region.

Get Complete Report of Construction Software Market Research Report – Forecast to 2023 @ https://www.marketresearchfuture.com/reports/construction-software-market-6189

Industry News

September 17th, 2019

SUB Construction Software, a foremost field data collection and construction operations, proudly announced the release of a new User Interface (UI), the first phase in a series of upcoming platform enhancements. It is a modern architecture that delivers an improved User Experience (UX) that is mobile and flexible to support commercial trade contractors a daily.

July 15th, 2019

Jonas Construction Software added Certified Tracking Solutions to its increasing list of technology integration partners.

#Construction Software Market

Automatic Number Plate Recognition Market: Global Industry Analysis and Opportunity Assessment; 2017 – 2023

Popularity of Automatic Number Plate Recognition Market is on the rise. It is projected that the global ANPR market will grow to more than USD 1,100 million by 2023 up from USD 670.7 million in 2018, reflecting a healthy growth rate. Growth of the market can be attributed to enforcement of stringent traffic laws. The growing vehicle parc worldwide is necessitating adoption of advanced traffic management systems. Traffic authorities are deploying ANPR systems as a long-term and cost-effective solution that facilitates enforcement of strict traffic law.

Global Automatic Number Plate Recognition (ANPR) Market, By Region

In 2017, Europe accounted for 37.7% market share and stood at a valuation of USD 229.2 million. The Automatic Number Plate Recognition Market in Europe is expected to grow at a CAGR of 10.5% from 2018 to 2023.

Adoption of ANPR has been significantly high in the region as these systems are deployed in tolling systems, parking and access control systems, and traffic control systems.

Governments in Europe are continuously investing in advanced monitoring technologies such as ANPR systems. Such factors are supporting the growth of Europe Automatic Number Plate Recognition Market. Get Free Sample Copy Report @ https://www.marketresearchfuture.com/sample_request/7763

Companies Covered

Siemens AG, Kapsch TrafficCom AG, Vigilant Solutions, Tattile SRL, Leonardo Company, Neology, Inc., Genetec Inc., Jenoptik Group, Conduent Inc., Financial Overview, Bosch Group. The competition is fierce in the global ANPR Market, with smaller enterprises implementing aggressive growth strategies to increase their foothold. Many tier 1 and tier 2 companies in the market are partnering with domestic vendors to drive brand awareness and tap new markets. Companies are engaging in collaboration and partnerships to boost in-house development with more funds. Siemens AG, Kapsch Traffic Com AG, Bosch Group, Leonardo Company, and Jenoptik Group collectively account for the majority share of the market in terms of revenues.

The report covers the development strategies adopted by the companies between 2015 to 2018.

Key Development

In March 2018, Siemens launched Sicore ll, a next-generation ANPR camera. The Sicore ll camera is based on vision detection and analytics technology to capture high-quality and evidentially-secure images during the day as well as night.

In December 2018, Kapsch TrafficCom Australia Pty, Ltd, a subsidiary of Kapsch TrafficCom AG has been contracted by CPB Contractors John Holland Joint Venture (CPBJH JV) and Lendlease Samsung Bougyues Joint Venture (LSB JV) to deliver the Tolling Roadside System in Melbourne and Sydney.

November 2018, Vigilant Solutions partnered with ParkMobile, a US-based smart parking and mobility solutions company.

Market Segmentation

By Type - Mobile ANPR Systems, Fixed Automatic Number Plate Recognition Market, Portable ANPR Systems.

By Component - Automatic Number Plate Recognition Market Cameras, Triggers, Frame Grabbers, ANPR Software and others.

By Application - Traffic Management, Law Enforcement, Electronic Toll Collection, Parking Management, and Access Control.

By End-User - Commercial, Government, Defense, and Homeland Security.

Type Analysis

Fixed ANPR system segment accounted for 42.5% market share in 2017, with a valuation of USD 258.7 million. In addition, the segment is expected to witness a 9.1% CAGR during the assessment period. In fixed or stationary ANPR systems, cameras are mounted on fixed locations such as signboards, street lights, highway overpasses, or buildings. Fixed ANPR systems are considered a cost-effective solution for monitoring parked or moving vehicles. Component Analysis

In 2017, the ANPR cameras segment accounted for the largest market share and stood at a valuation of USD 185.5 million. During the forecast period, the segment is projected to surge at a CAGR of 10%. Cameras are vital component of the ANPR systems, they are used to capture images of fast-moving vehicles. Advances in camera technology has increased the credibility of ANPR cameras. Sharpness, image resolution, and range are some of the important aspects consider before selecting an ANPR camera unit.

Application Analysis

The law enforcement segment accounted for 31.1% market share in 2017, with a valuation of USD 189.1 million. During the forecast period, the segment is expected to post a strong growth. ANPR systems find widespread application in law enforcement activities and are often implemented to aid homeland security and secure public events/venues. Get Complete Report @ https://www.marketresearchfuture.com/reports/automatic-number-plate-recognition-market-7763

#Automatic Number Plate Recognition Market

Smart Building Market 2019 Global Analysis, Opportunities and Forecast 2022

With the emergence of automation and IoT, majority of technology trends are bound to the integrated by these groundbreaking technologies. The housing sector is embracing these new age inventions with open arms. Smart building has become a reality through the integration of automation and IoT. According to Market Research Future (MRFR), the global Smart Building Market is anticipated to reach a market valuation of 33 billion, exhibiting a 29.69% CAGR, by the end of the forecast period. Different factors influencing the smart building market include innovation in residential building industry and integration of smart devices such as microcontrollers, sensors, and microprocessors to automate the operations of buildings.

Further, a growing need for energy-efficient buildings is another prime factor driving the smart building market. Rising penetration of urbanization in various developing countries of the world is expected to lead the global smart building market on a new growth trajectory. Also governments present in multiple companies have undertaken the development of smart cities and infrastructure of the countries which has further propelled the growth of smart building market for the foreseeable future. Additionally, these governments are encouraging the adoption of smart buildings, creating a favorable environment for market growth.

Alternatively, lack of technical expertise and inadequate infrastructural support in various developing countries across the globe are likely to hinder the smart building market growth over the forecast period. Poor awareness towards the benefits of smart building and different complexities associated with smart buildings are other major restraints slowing down the progress of the smart buildings market.

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Key Players

The global landscape of the smart building market is vastly influenced by numerous activities commenced by vendors present in the market. Such prominent market vendors include Johnson Controls International PLC, Control4 Corporation, Schneider Electric, IBM Corporation, Legrand SA, United Technologies Corporation, Siemens AG, Cisco Systems, Inc., ABB Group, Emerson Electric Co., and Honeywell International, Inc.

Market Segmentation

The global smart building market has been studied for various segmentations carried out on the basis of automation, application, and regions. Based on automation, the smart building market has been segmented into intelligent security system, building energy management system, and infrastructure management system. The intelligent security management system is further sub-segmented into video surveillance system, access control system, and emergency management system. Building energy management systems segment is sub-segmented into energy management platform, HVAC control system, and lighting control system. The infrastructure management system has been for the sub-segmented into parking management system, smart water management system, and elevators and escalators management system. On the basis of application, the smart building market is segmented into commercial, industrial, residential, and government and public infrastructure.

Detailed Regional Analysis

The global smart building market has been started for the regional segments of Latin America, Asia Pacific, Europe, North America, and the Middle East and Africa. North America held the largest share of smart building market at the beginning of the forecast period and was valued at USD 2,615.31 million in 2017. Such market dominance can be attributed to the research and development grant given by the government along with the various initiatives undertaken by construction companies to deploy smart building solutions in residential as well as commercial projects. Additionally, the presence of significant market players in the region is another factor leading to heavy growth of the regional market. Further, high awareness towards security, safety, energy, and water management among consumers is driving the smart building market in North America.

Europe is anticipated to trail behind North America and garner the second-largest share of the smart building market during the forecast period. This can be credited to the mounting investment in infrastructure development and real estate for the automation of buildings. Further, government regulations towards the deployment of smart building solutions, along with growing importance of IoT and analytics in building systems, lighting control, and energy is likely to fuel the regional smart building market growth.

Get Complete Report of Smart Building Market @ https://www.marketresearchfuture.com/reports/smart-building-market-1860

Asia Pacific is perceived as the fastest-growing market for smart buildings during the assessment period. This is causative of an inflated demand for smart building solutions from various emerging economies like Taiwan, China India and Japan. The regional smart building market is anticipated to witness 33.0 3% cagr over the assessment period.

#Smart Building Market

Industrial Safety Market Volume Analysis, Segments, Value Share and Key Trends 2024

Industrial safety is one of the major concerns of the factory owners and safety system providers. With the advancements in technology and proliferation of industrial IoT by plants and facilities, the demand for electrical safety products has increased to ensure the efficiency, operations, and safety of electrical components. The safety equipment industry has witnessed a major surge owing to the demand for safety solutions by facility owners. Government regulations and policies that concern the safety of workers and plant operators have further contributed to the growth of the industrial safety market. However, the investments incurred in the maintenance of the equipment are significantly high, which might hamper the market growth in the near future. Also, the market has a limited number of safety certified personnel, which acts as a challenge to plant and facility owners.

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Key Players

The key players in the industrial safety market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are ABB Ltd (Switzerland), Schneider Electric SE (France), GENERAL ELECTRIC (US), Yokogawa Electric Corp. (Japan), Hima Paul Hildebrandt GmbH (US), Emerson Electric Co. (US), Euchner (Germany), Rockwell Automation, Inc. (US), Omron Corporation (Japan), Siemens AG (Germany), Balluff (US), Proserv Ingenious Simplicity (UK), Johnson Controls (Ireland), Honeywell International, Inc. (US), and Fortress Interlocks (UK). The companies are focused on upgrading their existing product portfolios as well as innovating products by investing in research and development to analyze the changing market trends.

Segmental Overview

The industrial safety market study has been segmented based on type, vertical, and component.

Based on the type, the global Industrial Safety Market has been segmented into fire & gas monitoring systems, emergency shutdown systems (ESD), high integrity pressure protection systems (HIPPS), turbomachinery control (TMC), burner management systems (BMS), and others.

Based on the component, the global industrial safety market has been segmented into safety sensors, safety controllers/module/relays, programmable safety systems, emergency stop devices, safety valves, safety switches, and others.

Based on the vertical, the global industrial safety market has been segmented into chemicals, refining, pharmaceutical, oil and gas, metal & mining, paper & pulp, water & wastewater, manufacturing, energy & power, and others.

Regional Outlook

Based on the region, the industrial safety market has been analyzed across North America, Asia-Pacific, Europe, and the Rest of the World (RoW).

North America is anticipated to secure the largest share of the global industrial safety market growth. The existence of well-established industries in North America and the growing concern regarding the safety of workers are likely to intensify the growth of the regional market. Robust adoption of industrial safety solutions is one of the crucial aspects of the fourth industrial revolution, which is anticipated to boost the North American industrial safety market growth. In the Asia Pacific region, the stringent safety measures taken by the government is expected to surge the regional industrial safety market growth. Additionally, rapid industrialization in Asia Pacific region to encourage the industrial safety market growth. The growing need for availing effective manufacturing solutions to workers in the APAC is anticipated to drive the industrial safety market growth.

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Industry News

August 2019

Students from the University of New South Wales (UNSW) University, a public research university in Australia won UNSW Maker Games competition. They designed a virtual reality system that could enable workers to shut down dangerous machinery in industrial plants.

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#Industrial Safety Market

DRAM Market Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast to 2023

The global dram market is cementing its foothold at present as it is expected to expand at 28.70% CAGR, during the forecast period (2019-2023), reveals Market Research Future (MFRF) in its comprehensive study. The study also includes some of the top trending factors that are driving the market to gains its prospects along with segments and regional analysis to study the future expansion of the market.

In the present, the electronic products are witnessing outstanding evolution which is also termed to be extraordinary. As the power of devices continues to grow, the semiconductor industry is also evolving at double-digit, thus forcing the global dram market to grow considerably in the coming years.

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Key Players

Winbond Electronics Corporation, Samsung Electronics Co., Ltd., Nanya Technology Corporation, Micron Technology, Inc., ATP Electronics, Inc., Integrated Silicon Solution Inc., Powerchip Technology Corporation, SK Hynix Inc., Kingston Technology Corporation and Transcend Information, Inc. are some of the iconic names that are continuously contributing to the market’s growth.

Market Drivers & Trends

DRAM—Dynamic Random, Access Memory is becoming a sought-out component in the electronics manufacturing field, especially the communication and computational devices. The global market for dram is expanding rapidly due to factors such as growing popularity of high-end smartphones, across the world. The regions like Asia is gaining the maximum traction owing to the presence of giant electronics manufacturing roof mainly in China, Korea, Taiwan, and Japan. These countries have emerged as prominent market for DRAM at present and have a bright future as well during the forecast period.

On the other hand, the factors such as rising number of data centers, the double-digit expansion rate of the semiconductor and increasing sales of high-end smartphone have also stood as frontrunner in the growth of the global DRAM Market. At the same time, the progress of communication technologies at a higher rate coupled with urbanization has also contributed to the market growth by brining-in attractive growth opportunities for market players. For instance, the sales of smartphones, laptops/tablets, digital cameras and many more have acquired the market and has become keen interest of people. These have created more powerful processing technologies owing to the increased focus on high storage capacity and lower power consumption. These factors are thus, touted to be more effective in the future as technology is evolving year by year and would cater to the market growth substantially during the assessment period.

Furthermore, the boom of IoT, at the same time, is reflecting as a favorable factor on the global DRAM market. Incorporation of machine learning and artificial intelligence application has also led to requirement for power DRAM solutions and making it highly potential in the forthcoming years.

Market Segmentation

The global market for dram, as per the study, can be segmented into following type, technology, and application.

In terms of type, the market splits into Synchronous DRAM, burst extended data output (BEDO), asynchronous DRAM, and extended data output (EDO). Among these, the synchronous DRAM (SDRAM) segment is recorded to continue to be at a leading position throughout the assessment period. By the end of 2023, this segment is likely to reach a market valuation of USD 120 Bn and more along with exhibiting a steady CAGR. Device manufacturers are inclining towards SDRAM due to its high functional capabilities.

In terms of technology, the market splits into DDR2, DDR5/GDDR5, DDR3, and DDR4. Among these, the DDR4 segment is possible to account for a significant market share and gaining a valuation 38 Bn and more. Further, it is probable to observe an impressive CAGR during the assessment period. The DDR5/GDDR5 segment is also likely observed a healthy growth in the coming years.

In terms of application, the market splits into networking devices, gaming consoles, PCs/laptops, and mobile phones. The PC or laptop segment accounted for 43.4% market share, in 2017, and is likely to retain its leadership over 2023 and accounted for 31.50% CAGR between 2019 and 2023.

Get Complete Report of DRAM Market @ https://www.marketresearchfuture.com/reports/dram-market-978

Regional Outlook

The regions covered in the study of the global dram market are Europe, the Middle East, Africa, North America, Asia Pacific, and Latin America.

Among these, the market in the Asia Pacific is observed to remain highly attractive during the assessment period. The region accounts for the largest share of the global DRAM market and is likely to post the highest GAGR by 2023 owing to the rise of China as the main electronics manufacturing hub that centers biggest electronics market. Presently, China achieved a tremendous feat as a manufacturing powerhouse, catering to especially automotive, electronics and consumer goods sectors. On the second level, countries such as Taiwan, South Korea, and Japan are also contributing to making remarkable contributions to the growth of the market in the Asia Pacific region.

Within Europe, market expansion continues to be the talk-of-the-town and is an essential element in the world economy. In this region, Germany will also add over US$3 Billion to the region's size and would expand considerably in the next 5 to 6 years. According to the study, over US$5.9 billion worth is demanded in the region, which will come from other emerging Eastern European markets.

Whereas, North America is also showing a considerable expansion of the global DRAM market during the assessment period.

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#DRAM Market

EMS and ODM Market Global Development, Demand, Growth Analysis, Key Findings and Forecast-2025

The increased production of printed circuit boards and electronic components is anticipated to promote the market’s growth in the forecast period. Reports that study the semiconductors and electronics industry have been offered by Market Research Future, which delivers reports on industry verticals that judge the market expansion and scenarios. An 8.62 % CAGR is projected to augment the market income to USD 1106.3 Billion by 2025.

The growing reliance on original design manufacturers is expected to bode well for the progress of the EMS and ODM market in the approaching years. Moreover, investment in production facilities is anticipated to motivate the market. Furthermore, the increasing availability of original equipment manufacturers is projected to influence the EMS and ODM market in the approaching forecast period.

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Competitive Analysis

The formation of beneficial commerce strategies by quite a few countries is anticipated to amend the market’s growth perspective. The market’s development is dictated by the influence of market forces at play. The geopolitical conflicts and strategies are further intensified by the power tussles in international governments. The developments in the manufacturing sector in terms of equipment and facility space are expected to bolster the market’s development in the forecast period. The market is right now experiencing a chapter of dramatic developments. The revolution noticed in the economies of numerous emerging nations is anticipated to push the market’s development in the forecast period. The need to stabilize the market conditions is expected to be a primary concern in the period of the forecast. Also, the consumer trends are anticipated to boost the market expansion in the coming years.

The main contenders of the EMS and ODM market globally are New Kinpo Group (Taiwan), Universal Scientific Industrial Co., Ltd (China), UMC Electronics Co., Ltd (Japan), Foxconn Technology Co. Ltd (Taiwan), Shenzhen Kaifa Technology Co., Ltd (China), Zollner Elektronik AG (Germany), Venture Corporation Ltd (Singapore), Flex Ltd (Singapore), Jabil Inc. (US) and Sanmina Corporation (US), among others.

Segmental Analysis

The segmental review of the EMS and ODM market is carried out on the basis of product, application, and region. On the basis of the product, the market for EMS and ODM is divided into ODM and EMS. On the basis of application, the EMS and ODM market is segmented into computer, communication, consumer, industrial, medical and others. Based on the Region, the EMS and ODM market is segmented into North America, Asia Pacific, Europe, and the rest of the world.

Detailed Regional Analysis

The regional evaluation of the EMS and ODM market includes regions such as Asia Pacific, North America, Europe, and the other regions. As per the stud, the Asia Pacific region is anticipated to control the EMS and ODM market in the forecast period owing to the increasing demand for consumer electronics in the region, which has contributed to speedy technological developments. As a result, the initial equipment manufacturers are endlessly introducing ground-breaking products in the consumer electronics market to supply to the rising demand.

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Industry Updates:

Oct 2019 Soracom, Inc., an international supplier of smart connectivity for the Internet of Things (IoT), and Teltonika, an important European creator and producer of networking devices for IoT, industrial, and M2M applications, recently announced a partnership intended to hasten the accessibility of Teltonika 4G LTE routers and gateways in the North American region. Teltonika is renowned in the European region as an important player along with other services in its portfolio comprising of electronics design and manufacturing services.

Oct 2019 Samsung Electronics recently shut its last Chinese smartphone factory and will continue manufacturing smartphones in China, subcontracting the work to an original design manufacturer (ODM). Samsung will carry on selling made in China phones in the Chinese market via ODM manufacture.

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#EMS and ODM Market

Delivery Robots Market 2019 Trends, Application Analysis and Growth Opportunities Forecast to 2023

Delivery Robots market are mainly road-driving delivery robots or sidewalk-based robots. These are used by companies to increase efficiency and reduce time and cost of last mile deliveries. The Global Delivery Robots market is segmented into hardware, software and services. The hardware market size is estimated to have larger market size and also increase at highest CAGR in the estimated period.

The Global Delivery Robots Market is expected to reach $ 31.37 million by 2023 and grow at a CAGR of 17.6% during the forecast period

Apart from North America, various companies in developed countries in Europe have started making use of delivery robots. In APAC, countries like Japan, China and Australia the delivery robots are in testing phase and the market size is expected to grow in the near future.

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Key Players

The key players in the Delivery Robots market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are—Amazon Robotics (US), Robby Technologies (US), Robomart (US), Boston Dynamics (US), Eliport (Spain), Starship Technologies (US), Panasonic (Japan), Jd. Com (China), Nuro (US), Savioke (US), Marble (US), Dispatch (US), Piaggio Fast Forward (US), Teleretail (US) and BoxBot (US).

Market Segmentation

Market Research Future report offers a wide segmental analysis of the delivery robots market on the basis of vertical, type, load carrying capacity, and component.

Based on the component, the delivery robots market is segmented into services, software, and hardware. Of these, hardware will have the largest share in the market over the assessment period.

Based on load carrying capacity, the delivery robots market is segmented into more than 50kg, 10.01-50kg, and up to 10kg. Of these, more than 50kg will domineer the market over the assessment period.

Based on type, the delivery robot market is segmented into semi-autonomous and fully autonomous. Of these, semi-autonomous will have a major share in the market over the assessment period.

Based on vertical, the delivery robot market is segmented into postal, healthcare and pharmaceutical, retail and e-commerce, food and beverage, and others.

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Regional Analysis

By region, the delivery robots market covers growth opportunities and latest trends across Rest of the World, Asia Pacific, North America, and Europe. Of these, North America will remain at the forefront in the market over the assessment period followed by Europe which will hold the second major share in the market over the assessment period with regards to technology as well as its adoption. The factors propelling the market growth in North America, include the presence of highly developed IT sectors in the US, coupled with higher adoption of robotic technology. Along with courier services, a good number of food delivery services and food chains, online retail stores, and postal services are making the most of this technology in the UK and the US. The delivery robots market in the Asia Pacific is predicted to grow at the highest CAGR over the assessment period owing to the awareness regarding delivery robots and the potential of the robots to offer delivery services at a lower cost and with high efficiency.

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Smart Card Reader Market Highlights, Key Findings, Major Companies Analysis and Forecast to 2024

As per the latest report published by Market Research Future (MRFR), the global smart card reader market will grow at a CAGR of 40.8% during the assessment period (2018-2024). The market is expected to reach a valuation in excess of USD 79,000 Mn by 2024. The growing importance of cashless transaction is somewhat driving the market growth globally. More and more business entities both in micro and macro level are adopting cashless transaction systems. Modernization of payment systems is crucial for business optimization; hence it is able to draw a significant amount of investment. The aforementioned factors are driving the demand for smart card reader market.

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Global Smart Card Reader Market: Competitive Landscape

Some of the top-notch smart card reader market players covered in MRFR’s report include ID TECH, Gemalto NV, IOGEAR, Ingenico Group, HP Inc., Square, Inc., Rocketek Electronics, Identive Group, Verifone Systems Inc., CHERRY, Stanley Global LLC., PAX Global Technology Limited¸ PayPal Holdings, Inc. and Advanced Card Systems Ltd.

Segmental Outline

The smart card reader market has been segmented by type, application, and technology.

By type, the market has been segmented into contactless-based, interface based, and contact-based. The contact-based segment of the market is expected expand at a CAGR of 40.6% during the assessment period and surpass a valuation of USD 2,290.03 million by 2024. The expansion of the segment can be attributed to the large-scale application of contact-based smart card readers in credit card and debit card transaction system. The contactless-based segment to exceed a valuation of USD 1,673.96 Mn.

By technology, the market has been segmented into Europay MasterCard Visa (EMV) Chip, Near Field Communication (NFC), and other. The Europay Mastercard Visa (EMV) chip segment accounted for 53.1% of the global market share. The near field communication (NFC) is likely to value at USD 24,100 Mn by 2024.

By application, the market has been segmented into identity management, ticketing, security & access management, payments, and others. The payment segment, due to the increase in the application of smart card readers in payment systems is expected to direct the growth of the market in the coming years. The identity management segment is anticipated to follow the lead.

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Regional Outlook

North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa (MEA) are regional segments of the market. APAC to secure the leading position in the global smart card reader market. The APAC market likely to thrive at a 42.5% CAGR across the evaluation period. The segment is set to touch a valuation of USD 34,100 Mn by 2024. Strong internet connectivity increases in the adoption of cashless mode of payment technologies, and the introduction of favorable policies are reasons that are expected to strengthen the base of the regional market to grow. Emerging countries such as India, Indonesia, China, and others are likely to exhibit robust growth of the market. The North America market to expand at a CAGR of 40.7% and exceed a valuation of USD 1,485.92 million by due to the presence of multiple key players.

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FPGA Security Market 2019 Analysis, Opportunities and Growth, Forecast to 2025

The global Field Programmable Gate Array (FPGA) security market can attain a valuation of more than USD 3,700 million by 2025 from the valuation of USD 1,670.3 million it reached in 2017, estimates Market Research Future (MRFR). MRFR expects the market to record a double-digit CAGR during the forecast period (2013-2025).

Primary Drivers and Top Restraints

FPGA Market have more potential than programmable read-only memory (PROM), despite being similar to it. The biggest advantage is that the chip can be programmed and re-programmed according to the requirement for upgrading. This entails that the users have the freedom to customize the circuits as per their needs. Further, the circuit doesn’t need to be changed, which helps bring down the cost of buying a new machine.

The global market for field-programmable gate array is expected to have significant growth during the review period, given their flexible nature, low development time, and low non-recurrent engineering (NRE) cost. But their slow speed compared to application-specific integrated circuits (ASIC) can prove to be an obstacle in the future market growth.

The demand for FPGA security has advanced in recent years, because of the surging demand for FPGAs in the telecommunication sector for the purpose of bandwidth expansion. It also helps cater to the evolving data speed needs, which in turn, boosts market demand across the globe.

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Global FPGA Security Market: Competitive Landscape

Some of the notable companies mentioned in MRFR’s report include Microchip Technology Inc., Cypress Semiconductor Corporation, Lattice Semiconductor, Financial Overview, Teledyne Technologies Incorporated, Achronix Semiconductor Corporation, Intel Corporation, Xilinx Inc., Texas Instruments Incorporated and Quicklogics Corp.

Market Segmentation

The market for FPGA security has been broken down into the segments of configuration, node size, technology, and application.

Considering the configuration segment, the market includes Low-End FPGA, Mid-Range FPGA, High-End FPGA. The low-end segment value in 2018 was USD 762.6 million and it holds the potential to record a growth rate of 9.39% in the forthcoming years. Low-end FPGAs enjoy robust demand as they provide low density, low complexity per chip, and low power consumption. They are also popular for their high reconfiguration ability as well as compatibility with top-performing accelerator. The demand for low-end FPGAs is extremely high in sectors like automotive and military.

Depending on the node size, the segments are Less Than 28 nm, 28-90 nm, and more than 90 nm. In 2018, the 28-90nm segment had touched a valuation of USD 914.4 million and estimations conclude that it can achieve a growth rate of 10.61% during the appraisal period. The 40 nm, 65-nm along with 45-nm node provide a number of functional benefits that lead to more proficient use of smaller physical space in semiconductors. These also help achieve a higher level of semiconductor performance.

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Global FPGA Security Market: Regional Outlook

On the basis of region, the market has been segmented into North America, Asia-Pacific, Europe, the Middle East & Africa (MEA) and Latin America. During the assessment period, Asia-Pacific is expected to retain its dominant position. The Asia-Pacific FPGA security market stood at a valuation of USD 658.9 million and is expected to post strong growth rate in the forthcoming years. China is the perennial manufacturing hub of the world catering to industries such as automotive, electronics, consumer goods, etc. This gives market players a leverage in the region. The rapid industrial growth that has taken place in APAC countries such as India, China, and Taiwan is driving the demand for FPGA security.

#FPGA security #FPGA security Market

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