Commercial Airport Baggage Handling Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2012 - 2018

Albany, NY -- (SBWIRE) -- 12/20/2018 -- This market is primarily driven by the growing number of new airport terminals and upgradation of existing airport infrastructure. The upgrades can be due to existing systems turning obsolete on the basis of technology used, or due to increase in the handling capacity of the airport. Irrespective of the factors affecting the market demand, the global market is experiencing a surge in demand, attributed to rise in airline passengers, airline operators, and the airport as an independent unit.

The requirement of a BHS (Baggage Handling System) is primarily driven by the need for efficient systems, which are able to manage the movement of customer/airline baggage in and out of the check-in and checkout points at the airports. The roles of a BHS have increased significantly, with developments of new technologies and improved systems.

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A typical BHS performs the following tasks in the current market scenario - movement of baggage from the check-in point to the air-craft loading point or cart, movement of baggage from one aircraft to another (in case of transit flights), and moving baggage from an inbound aircraft to the baggage claim section of the airport.

Some advanced BHS additionally perform functions such as baggage screening, and tagging as well as sorting. Geographically, the Asia-Pacific region holds a high potential for market growth, due to large number of airports, high demand of airport upgrades, and a rise in the number of new upcoming projects and those under consideration. Also, the Asia-Pacific region, which accounts for the largest share for number of inbound and domestic travelers, is a probable market for high capacity BHS.

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The scope of BHS in railways is also a probable market, and holds new opportunities across some of the busiest networks. However, the concept is new in the market, and might take time for global acceptance. The key challenges faced by the commercial airport baggage handling systems are on-time movement of baggage from one point to another and efficient performance during peak and non-peak hours.

Industry players are continuously working on technologies to improve the overall performance of the entire system. Features such as remote controlled operation, which can be integrated with smart handheld devices or smart phones, are new concepts and are expected to drive the market growth.

With a rise in the number of travelers, airline operators, and security challenges, the demand and operational challenges for baggage handling systems is expected to go up. These factors are already being explored by leading players in the market, who are developing advanced systems. Some of the market players in the airport baggage handling systems market are Siemens AG, Daifuku Webb, Vanderlande Industries B.V., and Glidepath.

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Commercial Airport Full Body Scanners Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018

Albany, NY -- (SBWIRE) -- 12/20/2018 -- The report primarily includes a comprehensive analysis of the global commercial airport full body scanners market in terms of market variables and constants. Multiple factors will judge the level of appeal including growth rate, areas of expansion, and overall market size. A detailed landscape of the market is presented through the use of Porter's Five Forces Model. Distinctive and accurate graphs of a six-year forecast help create a complete picture of the global commercial airport full body scanenrs market. The key players are all profiled in the report in terms of financial overview, business strategies, major developments, and SWOT analysis.

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The report segments the global commercial airport full body scanners market according to technology and geography. The latter comprises the regions of North America, Europe, Asia Pacific, and the Rest of the World. For this segmentation, the North American region held the largest market share in the global commercial airport full body scanners market for 2011. The report reveals that the region is likely to retain its position as the market leader in full body scanners throughout the forecast period. On the other hand, due to the rapidly growing economies of China and India, the Asia Pacific region is expected to be the fastest growing one in the same period.

A commercial airport full body scanner is currently one of the bigger elements used to detect immediate threats to aviation and national security. The scanners quickly let an official see any objects that might be hidden on a person underneath his/her clothes. They currently stand as the next step in airline security after metal detector scanners.

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One of the prime drivers for the global commercial airport full body scanners market is the rising threat of terrorism, which is apparent in the growing incidence of unrest in the world, particularly the Middle East. Reported instances of international drug trafficking have also been on the rise, prompting many nations to consider and extend the use of full body scanners in the commercial airline industry.

Other growth drivers include developments in technologies that are reducing the overall cost and operational complexities of full body scanners along with a healthy growth of the commercial airline industry in Latin America and Asia Pacific. With the current growth in terrorist activities, it could effectively spur the demand for full body scanners from the Western World.

The key players that currently operate in the global commercial airport full body scanners market include Braun and Company Limited, American Science and Engineering Inc., Safran Morpho, and Smiths Detection.

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Managed Networks Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018

Albany, NY -- (SBWIRE) -- 12/20/2018 -- A managed network helps an organization to source infrastructure, software, and technical support services which are imperative for operating and managing an IP-based communication network. Usually looked after by a third-party service provider, managed networks provide hardware infrastructure resources such as routers, switches, and servers along with operating system and firewall software to run the backend infrastructure and secure data storage. As organizations have to increasingly focus on their core business areas, managed networks help them in IT planning and documentation.

The report talks about the landscape of the global managed network market and points out the key drivers, restraints, opportunities, and the latest trends in the market. The report estimates the growth rate of the market during the period from 2012 to 2018 and analyzes the effect of Porter's Five Forces on the market. Insightful data about the valuation of the global managed network market during the forecast horizon has been mentioned in the report.

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The report has profiled the key players of the global managed network market and gives an overview of their business in various regions. It also mentions their revenue segmentation, product offerings, and the key factors driving or restraining their growth.

The managed networks provide their services to large as well as small and medium enterprises. The major solutions offered include supporting organization's people, protecting the organization, empowering staff, and maintaining cloud platform. To run in-house IT functions, managed networks offer services such as managed LAN, managed WAN, managed wireless networks, a managed gateway, and other automated network support services.

The report points out that the pressures of cost reduction and the requirement to use the latest technology in existing environment will drive the organizations to seek the support of managed networks and will fuel the growth of the global managed network market. The demand for managed networks is across various industries such as financial services, banking, retail, healthcare and life sciences, energy and resources, telecommunications, media and business services, manufacturing industries, and public sector.

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The report segments the global managed network market into four key regions: North America, Asia Pacific, Europe, and Rest of the World. Organizations are focusing on Asia Pacific and Rest of the World to expand their area of operations. This is expected to spur the demand for managed network from these regions. The report discusses the market growth in each of the geographical segments of the market and estimates the share of the regions in the overall revenue generated by the global managed

Evaluating the vendor landscape of the global managed networks market, the report lists down the major competitors such as Huawei, Cisco, Accenture, Alcatel-Lucent, Amazon, Vodafone, AT&T, China Telecom, Colt Group, Ericsson, Fujitsu, Nokia Siemens Networks, NTT Communications, Orange Business Services, Verizon, Virtela, IBM Global Services, Juniper Networks, KPN Networks, and MegaPath. The key players are focusing more to maintain a global presence in the managed networks market.

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Juice Market - Global Industry Analysis til 2021

Albany, NY -- (SBWIRE) -- 12/20/2018 -- The rapid strides being experienced by convenience food lifestyle segment in emerging economies and the wide popularity of packaged food segment are trends catalyzing the growth of the juice market. Health-conscious consumers are displaying increased affinity toward packaged fruit and vegetable juices with varied taste and flavor in developing and developed regions. The geographical distribution of fruits and vegetables in some regions might also act as a robust factor favoring the growth of the overall juice market.

However, a growing number of consumers may still be reluctant to shift from consumption of fresh fruits and vegetables to packaged ones available in the form of juices. One of the key factors attributing the demand for whole fruits and vegetables among these consumers is the presence of adequate fibers. Furthermore, the availability of substitutes such as carbonated beverages is also crippling the demand for juices in various parts of the globe.

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A burgeoning convenience foods segment in emerging regions and increasing awareness about the nutritional benefits of juices have provided a robust fillip to the consumption of packaged fruits juices. The growth of the juice market is governed by a variety of region-specific factors, such as geographical distribution of fruits and vegetables. For instance, the consumer preference toward the consumption of fresh fruits may hamper the demand for fruit juices in some regions.

Nevertheless, a growing number of consumers are being attracted by innovations in texture, flavor, and taste continuously brought by food manufacturers. Moreover, the advent of sugar-free juices and beverages that are low on sugar and high on nutrients has gathered some steam in recent years across the globe. Furthermore, numerous players in the food and beverages sector are also focusing on offering blended fruits and vegetables incorporating more natural flavors. These factors are catalyzing the growth of the global juice market.

Industry efforts to bring innovation in packaging of fruit and vegetable juices have also worked in the favor of the market expansion. The advent of antioxidant-rich fruits and vegetable juices is also a promising development in the global juice market. In this regard, the demand for juices made from acai berries is fueling the growth of the market.

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On the regional front, developed countries and emerging economies are poised to present vast lucrative prospects to juice manufacturers over the assessment period. North America and Europe might witness new, exciting avenues catalyzing the global growth of the market.

A growing number of players in the global juice market are increasingly focusing on mass as well as premium consumer segment, in order to consolidate their shares over the forecast period. Several prominent players are also investing substantially in research and development activities in supporting product innovations. Some of the key players operating in the market are Florida's Natural Growers, Coca-Cola Co., Dr. Pepper Snapple Group Inc., Nestle, PepsiCo., Inc., Del Monte, and Welch's.

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Edible Insects Market - Global Industry Size till 2024

Albany, NY -- (SBWIRE) -- 12/20/2018 -- Protein is not only a must for those who build muscles but is also essential for a human body conducting daily life, as it is a vital component of every cell in the body and is used to build and repair tissues. And certain insects make for a delicious protein-rich diet. As the awareness regarding the edible insects expands, the demand in the market for the same is projected to expand at a formidable CAGR during the forecast period of 2016 to 2024, according to a recent business intelligence study by Transparency Market Research (TMR).

The growth of the global edible insects market can be attributed to the increasing demand for food products with high protein value among middle class consumers and the rising population across the world. Feed and food insecurity and the high cost of animal protein are factors that have lifted the consumption of edible insects as feed and food. Entomophagy or consumption of insects is considered to have a positive impact on the livelihood and health of consumers.

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The global edible insects market is anticipated to be steered by the growing practice of consuming edible in various local food cultures across the globe. In many developing countries, insects are an important source of food supplement for malnourished children as they can be easily digested. In Europe, the demand for edible insects is considerably high owing to the minimal risk of disease transfer as compared to animals and the presence of micronutrients and nutrients such as fatty acids, zinc, selenium, phosphorus, manganese, magnesium, iron, and copper.

For this research report, titled "Edible Insects Market - Global Industry Size, Market Share, Trends, Analysis, and Forecast 2016 – 2024," extensive study was conducted by the analyst who utilized industry standard methodologies, which included primary and secondary assessments, compilation of data from reliable sources, and interviews with industry experts. The report has been developed to aid as a business tool for a pool of clientele including growers of edible insects, importers, exporters, and suppliers of edible insects, government, research organizations, and universities, and other industry bodies.

The report includes chapters that segments the market for edible insects into smaller aspects and throws light on the magnitude of demand that can be expected out of different regions and countries. Figurative data for each of the segments and regions has been provided in terms of US dollar million. The report also analyzes different factors such as drivers, restraints, and challenges that will determine the future of the edible insects market as well as identifies some of the trends that are emerging.

Expanding awareness level among the urban populations regarding the nutritious values of insects in terms of human consumption, availability of raw materials and transportation methods, and mushrooming of organizations who farm these specific insects are some of the key factors driving the demand in the global edible insects market. On the other hand, strong lack of knowledge outside the geographical boundaries, limitation in technology, and lack of a clear regulatory are some of the obstructing hindering the prosperity of this market.

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Based on product type, the market for edible insects can be segmented into grasshopers, locusts, and crickets, caterpillars, beetles, bees, wasps, and ants, sacle insects and true bugs, and others. As of now, beetle edible bugs account for the majority of the demand share, primarily gaining traction from customer's shift off protein from other sources such as beef and chicken. In addition to protein, edible insects also contain essential amino acids, and product innovation by the players is promising great for the future of this market. Application-wise, the market can be bifurcated into snacks, bars, flours, and others.

Geographically, China and Thailand currently dominate the demand in terms of countries, making Asia Pacific the key region for the stockholders connected to the value chain of the edible insects market. In Thailand alone, more than 200 different bugs are consumed! The European edible insects market is driven by the countries of the U.K., France, and Netherlands.

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Albany, NY -- (SBWIRE) -- 12/20/2018 -- Global Plastic Packaging Market: Snapshot

Expansion plans bearing fruition in the food and beverage industry form the key driver for the global plastic packaging market. Plastics offer a cleaner, tougher, and more appealing form of packaging, especially for the food and beverage industry, thereby generating a quick rate of growth in demand worldwide. There is a heavy demand for a lot of products to be made available in plastic bags, pouches, and sachets, as well as the more conventional rigid packaging methods. The physical advantages that plastics provide in terms of strength and durability cannot currently be equaled by any other material for the same price.

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However, the global plastic packaging market is currently being restricted by the price control need on its raw materials that are generated from petrochemicals, or crude oil. The price of crude is increasing globally amidst a shortage of supply of fuel. This is hampering the use of crude for purposes other than transportation and exploration. Manufacturers in the global plastic packaging market are therefore looking towards alternative raw materials and have already found positive scope of growth in fields such as bioplastics.

The global plastic packaging market is expected to expand at a CAGR of 5.3% within a forecast period from 2013 to 2020, in terms of revenue. This revenue is expected to touch US$300,582.5 mn by the end of 2016 and is likely to reach US$370,354.9 mn by the end of 2020. The overall volume of production in the global plastic packaging market is expected to reach 108,853.1 kilo tons by the end of 2020.

Platform of Opportunities Shifts from Developed to Developing Economies

From a regional perspective, the global plastic packaging market is finding ample opportunities of growth in consumption as well as development rates within emerging economies across the world. This is especially apparent in Asia Pacific where the end-user industries of the global plastic packaging market have taken off at very fast rates. Industrial growth and infrastructure development, coupled with a high increase in the demand for all products that require plastic packaging are currently boosting the opportunities that players can have in these regions.

Meanwhile, the growth rate of plastic packaging manufacturers in the developed economies of North America and Europe is slowing down to a mediocre average demand. These regions are showing greater concern over the use of plastics for packaging due to the problems they create when it comes to disposal. They are therefore looking for alternative packaging methods and materials that can provide a more eco-friendly solution.

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Flexible Packaging Steadily Taking Center stage for Consumer Appeal

The two basic product types offered by the global plastic packaging market are rigid packaging and flexible packaging. Of these, rigid packages have led – and are expected to continue leading – the global plastic packaging market. However, one of the key drivers augmenting the global plastic packaging market currently is the growing demand for flexible packaging. This form of packaging is finding a greater scope of use in multiple applications thanks to developments that have increased their tensile strength and toughness. Flexible packaging also offers the storage of greater volumes of products in smaller spaces as it takes up minimal space and weight when compared to its contents.

The key players currently operating in the global plastic packaging market include Bemis Company, Inc., Constantia Flexibles International GmbH, Mondi Plc, Huhtamaki Oyj, Ampac Holdings LLC, Sealed Air Corporation, Ukrplastic Corporation, Sonoco Products Company, Amcor Ltd., and Wipak Group.

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Non-Alcoholic Wine and Beer Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

Albany, NY -- (SBWIRE) -- 12/20/2018 -- Global Non-Alcoholic Wine and Beer Market: Brief Account

The global market for non-alcoholic wine and beer market is anticipated to show an exponential rise during the forecast period 2018-2026, owing to gradual inclination of consumers towards healthier non-alcoholic beverages. Rising consumer awareness regarding the adversarial impact that alcohol cause in one's body is fueling the demand for non-alcoholic wine and beer. Rise in disposable income and change in lifestyle is favoring the growth of the market. Significant rise in non-alcoholic drinkers across the world is further helping the market to grow stupendously. Rise in socialization in order to maintain social status will lead to increase in consumption of non-alcoholic wine and beer among non-drinkers, this is anticipated to stimulate the market.

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Global Non-Alcoholic Wine and Beer Market: Drivers and Restraints

The global non-alcoholic wine and beer market is witnessing a strong demand due to increasing uptake of less alcoholic or zero alcohol beverages. Apart from these, rapid urbanization, rising pub culture, and increasing spending power are likely to fuel the adoption of non-alcoholic wine and beer. Gradual shift of particularly young population towards zero alcohol beverage as it consist of sophisticated and experimental flavors is driving the market. In recent years, cider variant is gaining an immense popularity among millennials, thus boosting the growth of the market.

Various alcohol manufactures are experimenting with various strategies in order to increase their sales in alcohol prohibition states such as Islamic states. They are attracting the customer by producing alcohol-free wine and beer variants in the state. These is predicted to thrive the market. Rise in popularity of these beverage in the Middle East countries are expected to create lucrative growth opportunities for the players. Apart from these, stringent rules and regulation such alcohol consumption age limit by government of various countries to thrust the market.

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However availability of substitute beverages in the carbonated and natural based form is prognosticated to hamper market growth.

Global Non-Alcoholic Wine and Beer Market: Regional Outlook

Europe has experienced a strong demand for non-alcoholic wine and beer due to rising awareness among the consumers. Apart from these, presence of key players in the region is causing a positive influence on the market. Rapid advancement in technology and fast adoption of these technology in Europe will help the market to expand at a robust CAGR. However, Asia Pacific is expected to rise at a stellar rate during the assessed period owing to rise in disposable income, and economic development in the region. Furthermore, entry of new players in the region is likely to boost the market.

Global Non-Alcoholic Wine and Beer Market: Companies Mentioned

Some of the players in the market are Moscow Brewing Company, Anheuser-Busch InBev, Heineken N.V., Calsberg, and Erdinger Weibbrau.

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Albany, NY -- (SBWIRE) -- 12/20/2018 -- Shoe deodorizers play an important role in suppressing the foot odor caused by excessive sweating. Currently, a large section of the population in the U.S. suffers from diseases such as diabetes and hyperthyroidism. Moreover, athlete foot is one of the most prominent feet concerns among the people in the U.S. Furthermore, shoe deodorizers help stop the growth of microorganisms as they absorb moisture which would otherwise create an environment for the microorganisms to proliferate.

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The shoe deodorizer market in the U.S. is expected to witness significant growth from 2014 to 2020 due to increasing concerns related to personal care and hygiene among the population in the country. Furthermore, large number of people suffering from disease such as diabetes and hyperthyroidism is likely to be an important target segment for the shoe deodorizers during the forecast period. Diabetes and hyperthyroidism cause excessive sweating in feet and other parts of body. Additionally, growth in the medicated foot care market is anticipated to drive the shoe deodorizer market over the next six years. Rising concerns about foot odor is projected to boost growth of shoe deodorizers during the forecast period.
Distribution channels such as large retailers, drug stores and convenience stores contribute significantly to the sale of shoe deodorizers in the U.S. Furthermore, online retailers such as amazon.com, ebay.com and others would play a crucial role in the distribution of shoe deodorizers over the next six years. Currently, key retailers such as supermarkets, hypermarkets and drug stores account for the largest market share in terms of sale of shoe deodorizers in the U.S.

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Currently, the top three companies account for more than 50% market share in the U.S. shoe deodorizer market. However, the market offers significant opportunities for new entrants due to easy entry and low cost of exit. This, in turn, is likely to encourage entry of new players in the market over the next six years. Key players such as Reckitt Benckiser Group plc and S.C. Johnson & Son, Inc adopt acquisitions and long-term agreements with retailers as key business strategies in the market
The shoe deodorizer market in the U.S. was valued at USD 207 million in 2013 and is expected to reach USD 319.9 million in 2020, growing at a CAGR of 6.2% from 2014 to 2020. The shoe deodorizers sprays accounted for the largest market share in terms of sale in 2013. Furthermore, the U.S. shoe deodorizer market is likely to experience significant growth in shoe deodorizer insoles followed by sprays.

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Albany, NY -- (SBWIRE) -- 12/20/2018 -- Land Mobile Radio (LMR) Systems are wireless communication systems used for applications like construction, utility, commercial, military and mining. LMR systems are operated by first responder organizations like fire departments, police departments, emergency medical service providers and other public works organizations. It also includes companies having vast vehicle fleets as well as an expansive network of field staff.

Major factors contributing to the growth of LMR systems are steady expansion of LMR systems integrated with LTE networks as well as the vast rise in the number of mission critical communication operations that are undertaken by a number of industries. Owing to the rise in usage of LMR systems in military applications and transportation, the market is undergoing huge benefits. It is estimated that the market will achieve more benefits from expanding usage of LMR systems used for corporate communications.

Security concerns related to the possibility of critical information modification and burglary can pose a threat to the adoption of LMR systems. This may take place across critical communication areas to a certain degree. Apart from that, the market is predicted to gain advantage from the increasing usage of LMR systems in corporate communications.

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The global land mobile radio market is estimated to witness a strong growth within the forecast period of 2014 to 2020. It is presumed to rise at US$30.6 bn with an impressive CAGR of 16.9% by the end of the forecast period.

Digital Communication Technology to Dominate LMR Market with Shift in Trend

On the basis of type, the global market for land mobile radio is categorized into mobile and hand portable. Out of these, hand portable products is used extensively in government and military sectors for enabling effective communications in harsh environmental conditions. Owing to its vast applications, hand portable land radio mobile systems is expected to continue its lead the market in future.

Based on technology, LMR systems are classified into Digital and Analog. The digital segment is further classified into TETRAPOL, DMR, dPMR, Project 25 (P25), and TETRA. The change in trend from analog to digital communication system due to low powered consumptions and extended battery life has led to the domination of digital LMR systems in the market. LMR systems based on TETRA digital technology are presumed to dominate the market. This trend could be followed by P25 technology. Both TETRA and P25 are high in demand due to their large number of user capacity over a single channel and encryption potential.

On the basis of application, the market for LMR systems is classified into Transportation, Construction, Commercial, Military, and others including chemical plants, oil and gas pipelines, and mining. A large share of the market growth is contributed by both transportation and military applications.

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The global market for LMR systems market is studied with respect to key geographies Asia Pacific, Europe, North America and the Rest of the World. North America is predicted to dominate the global LMR systems. The U.S. government has taken initiative to transform their military structure by providing high-speed communication solutions to their armed forces that will meet their operational requirements. Apart from the U.S., other countries across Asia Pacific and the Rest of the world may contribute to potential growth of opportunities in the land mobile radio market because of the rising demand for communication solution for critical mission operations.

The global market for land mobile radio systems is estimated to face high competition with companies like Thales Group, Relm Wireless Corporation, Motorola Solutions, and Harris Corporation. The companies are expected to integrate LMR systems with high-speed cellular systems in order to maintain their sustainability in the market.

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Albany, NY -- (SBWIRE) -- 12/20/2018 -- High end features such as advanced quality of care, enhanced workflow and asset management, high efficiency, and cost savings are the functions delivered by real time location systems or RTLS. These features are expected to fuel the deployment of real time location systems in the years ahead across several industries. Real time locations systems aid enterprises and organization in tracking, identifying, and managing noteworthy assets such as equipment, personnel, and tools in real time by applying a tag or badge on them.

Tags or badges use wireless technologies such as RF signals, ZigBee, WiFi, ultrasound, and infrared signals for establishing communication between tags and readers and send signals to the reader/sensors of the desired locations. These readers/sensors then establsih communication with middleware/software platforms that assess the data and associates useful insights for improving the productivity of their staff and enhance operational efficiency in an organization. The demand for real time location systems is anticipated to be driven by the benefits associated with it such as asset management and optimum resource utilization. Furthermore, owing to the declining prices of the components of real time location systems and rising support from the government, the market is expected to witness a lucrative future in the years ahead.

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The global market for real time location systems is expected to expand at an outstanding 35.50% CAGR from 2014 to 2020. In 2013, the market was worth US$046 bn and is likely to touch a valuation of US$3.86 bn by the end of 2020.

RFID to be Most Favored Technology

Based on technology, the segment of RFID dominated the global real time location systems in 2013 with the leading revenue in the same year. This growth can be basically attributed to the high end features of the RFID technology such as low cost of maintenance in comparison to Wi-Fi, long battery life of the tags, low cost, and high accuracy. Nevertheless, UWB and ZigBee are the emerging technologies in the market with tremendous potential owing to their high location accuracy, enhanced accuracy, and long battery life. One of the most prominent advantages of WiFi in real time location systems is their easy deployment. The RTLS which are based on WiFi are mostly installed in institutions and organizations with a prevailing WiFi network.

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Region-wise, North America led the market in 2013 and accounted for a share of 45.4% in the same year in the global real time location system market. The market in North America is driven by the applications of real time location systems in the healthcare industry. Owing to the current infrastructure of healthcare –IT in North America, the vendors in this market were able to deploy and gain leverage of the real time location systems solutions in the healthcare industry. Moreover, the key engaging factor here is the massive support from the governments in the region for the deployment of RTLS. Asia Pacific is also expected to surface as a potentially profitable region in the years ahead owing to growing demand from countries such as South Korea, Singapore, and Japan.

The creme companies operating in the global real time location systems market are Sonitor Technologies Inc., Motorola Solutions Inc., Identec Solutions, Zebra Technologies Corporation, Awarepoint Corporation, and AeroScout Inc.

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Albany, NY -- (SBWIRE) -- 12/20/2018 -- High end features such as advanced quality of care, enhanced workflow and asset management, high efficiency, and cost savings are the functions delivered by real time location systems or RTLS. These features are expected to fuel the deployment of real time location systems in the years ahead across several industries. Real time locations systems aid enterprises and organization in tracking, identifying, and managing noteworthy assets such as equipment, personnel, and tools in real time by applying a tag or badge on them. Tags or badges use wireless technologies such as RF signals, ZigBee, WiFi, ultrasound, and infrared signals for establishing communication between tags and readers and send signals to the reader/sensors of the desired locations. These readers/sensors then establsih communication with middleware/software platforms that assess the data and associates useful insights for improving the productivity of their staff and enhance operational efficiency in an organization. The demand for real time location systems is anticipated to be driven by the benefits associated with it such as asset management and optimum resource utilization. Furthermore, owing to the declining prices of the components of real time location systems and rising support from the government, the market is expected to witness a lucrative future in the years ahead.

The global market for real time location systems is expected to expand at an outstanding 35.50% CAGR from 2014 to 2020. In 2013, the market was worth US$046 bn and is likely to touch a valuation of US$3.86 bn by the end of 2020.

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RFID to be Most Favored Technology

Based on technology, the segment of RFID dominated the global real time location systems in 2013 with the leading revenue in the same year. This growth can be basically attributed to the high end features of the RFID technology such as low cost of maintenance in comparison to Wi-Fi, long battery life of the tags, low cost, and high accuracy. Nevertheless, UWB and ZigBee are the emerging technologies in the market with tremendous potential owing to their high location accuracy, enhanced accuracy, and long battery life. One of the most prominent advantages of WiFi in real time location systems is their easy deployment. The RTLS which are based on WiFi are mostly installed in institutions and organizations with a prevailing WiFi network.

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Region-wise, North America led the market in 2013 and accounted for a share of 45.4% in the same year in the global real time location system market. The market in North America is driven by the applications of real time location systems in the healthcare industry. Owing to the current infrastructure of healthcare –IT in North America, the vendors in this market were able to deploy and gain leverage of the real time location systems solutions in the healthcare industry. Moreover, the key engaging factor here is the massive support from the governments in the region for the deployment of RTLS. Asia Pacific is also expected to surface as a potentially profitable region in the years ahead owing to growing demand from countries such as South Korea, Singapore, and Japan.

The creme companies operating in the global real time location systems market are Sonitor Technologies Inc., Motorola Solutions Inc., Identec Solutions, Zebra Technologies Corporation, Awarepoint Corporation, and AeroScout Inc.

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Albany, NY -- (SBWIRE) -- 12/20/2018 -- Wearable sensors are an important component of wearable technology that are embedded in smart wearable devices to monitor several parameters such as temperature, blood pressure, speed, and muscle activity. The wearable sensors ensure that the data is monitored and stored for our better understanding of physical health and fitness. Recently, these sensors became increasingly popular attributed to the growing demand for smart wearable technology based devices. They are used in various applications in areas such as fitness wearable, access control, and medical based wearable among others.

Presently, the simple wearable devices have transformed into more sophisticated and multifunctional devices. The usage of multiple wearable sensors embedded into a single wearable device has increased, on an average of one wearable sensor to four wearable sensors per device. Moreover, players such as Google, Microsoft, and Nike are entering the wearable device market with sophisticated wearable gadgets, which is further fueling the growth of the wearable sensors market. Moreover, demand for fitness and health monitoring wearable gadget are on the rise. These wearable fitness and health monitoring devices include various wearable sensors such as motion, pressure, and pulse sensors. These wearable devices are capable of monitoring heart rates, calculating burnt calories, and measuring blood pressure, among others.

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Moreover, increasing consumer's concern related to their health, fitness, and wellness; is further driving the growth of the wearable fitness and healthcare devices, which in turn is leading to the growth of the wearable sensors market. In addition, decrease in price of raw materials used for manufacturing wearable sensors has led to decrease in cost of production of wearable sensors, further driving the market growth. In addition, advancements in manufacturing techniques have facilitated mass production of wearable sensors by economy of scale. As a result, the market for wearable sensors has been observing a significant growth.

The global wearable sensors market, by type, is categorized into medical based sensors, motion sensors, temperature sensors, pressure sensors, image sensors, position sensors, and others. In 2013, wearable motion sensors segment dominated the global wearable sensors market in terms of revenue. Moreover, wearable motion sensors segment is expected to continue its dominance throughout the forecast period. Increasing application of motion sensors in smart wearable devices such as shoes, fitness bands, and medical wearable devices for tracking physical activity and fitness is driving the growth of the segment. During the forecast period, wearable image sensors segment is expected to witness the highest growth. Wearable image sensors are used in several applications in multiple industries such as infotainment and defense. These wearable sensors are integrated in smart wearable devices which primarily includes smart watches, smart glass, and HMDs among others. The wearable image sensors market is expected to grow as a result of the increasing demand for intelligent smart devices.

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The global wearable sensor market is categorized based on application into: eye wear, wrist wear, foot wear, body wear and others. In 2013, wrist wear application segment held the majority of the market share in terms of revenue and is expected to continue its dominance during the forecast period. Smart wearable wrist wear has already been in the market for sometime in the form of fitness bands and smart watches, and has become popular in some of the regions. Furthermore, integration of advanced technology and increase in functionalities, such as the ability to monitor temperature, blood pressure, and heart rate, are acting as the major drivers for the growth of the market.

Key players in the wearable sensors market include Analog Devices, Inc. (U.S.), Broadcom Corporation (U.S.), Freescale Semiconductor Inc. (U.S.), Infineon Technologies AG (Germany), InvenSense, Inc. (U.S.), NXP Semiconductors N.V. (Netherlands), and Panasonic Corporation (Japan) among others.

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Albany, NY -- (SBWIRE) -- 12/20/2018 -- A transportation management system (TMS) is a software solution and a key component of supply chain management which is used to plan and manage the movement of freight. A transportation management system includes planning and managing all transportation and logistics activities. A transportation management system allows end-use customers to plan and execute transportation of goods in a cost-effective and reliable manner across the supply chain. The services offered by transportation management systems include freight consolidation, scheduling and routing, freight audit/payment, and load forwarding support among others.
Increasing preference for Software as a Service (SaaS) based TMS solutions is the major factor driving the TMS market sales growth. The increasing demand for SaaS based TMS solutions can be attributed to the growth in intermodal transport across geographies. Furthermore, the need for replacing and updating existing traditional TMS solutions is expected to support the demand for advanced transportation management solutions.

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However, lack of awareness among end-users coupled with high deployment cost is the major inhibitor to the growth of the market. Integration of cloud computing and Radio Frequency Identification (RFID) technologies with supply chain management systems offer healthy opportunities for the growth of Transportation Management Systems Market over the forecast period. Integration of cloud computing technologies has ensured limited capital expense, low total cost of ownership, and greater real-time visibility across the supply chain operations.
TMS market was dominated by on-premise solutions accounting for majority of the market share in 2013. Over the forecast period between 2014 and 2022, on-premise solutions are expected to exhibit moderate growth rate and are expected to be outpaced by on-demand solutions. Growing preference for SaaS-based solutions owing to the benefits such as greater visibility and high level of collaboration among supply chain participants is expected to drive the demand for on-demand software solutions. In terms of end-use applications, the TMS market was dominated by transportation and logistics vertical, accounting for over half of the market revenue in 2013. Evolving TMS capabilities and increasing demand for supply chain optimization is expected to drive the adoption of TMS solutions in transportation and logistics verticals.

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In 2013, North America was the largest regional market for transportation management systems, accounting for majority of the market revenue. The dominance can be attributed to the growing demand for SaaS-based TMS solutions in the region. Along with the proliferation of cloud-computing technologies, increasing use of RFID technology in the supply chain system has also fueled the market momentum in the region. Major industry participants include Descartes System Group, JDA Software Group, Manhattan Associates, Oracle Corporation, SAP SE, 3GTMS Inc, CargoSmart Ltd., LeanLogistics Inc., Precision Software Inc., and One Network Enterprises among others. These transportation management system vendors are focusing on expanding the capabilities of TMS solutions beyond traditional features to enable end-users to coordinate all their processes in the supply chain.

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Albany, NY -- (SBWIRE) -- 12/20/2018 -- The global engineering software market defines the use of different software such as computer-aided designing (CAD) software, computer-aided engineering (CAE) software, computer-aided manufacturing (CAM) software, electronic design automation (EDA) software, and architecture, engineering, and construction (AEC) software. These software are utilized across various engineering disciplines, such as electronics and communication engineering, electrical engineering, process engineering, chemical engineering, and mechanical engineering. The global engineering software market was valued at US$ 19.98 billion in 2014 and is forecast to grow at a CAGR of 12.4% from 2015 to 2022.
The rising need of automation and growing adoption of integrated solutions for analyzing and designing of engineering systems is fueling the global engineering software market. Furthermore, the growing penetration of mobile devices such as smartphones, tablets and laptops has increased the ease and accessibility of engineering software, which in turn, is bolstering the growth of engineering software market.

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Furthermore, the introduction of cloud-based engineering software products is boosting the market growth tremendously. However, high maintenance cost and license cost coupled with lack of technical expertise in operating these software is hindering the market growth globally. The key market players profiled in this report include Autodesk, Inc., Bentley Systems, Inc., Dassault Systemes S.A., IBM Corporation, Geometric Ltd., Siemens PLM Software, Inc., SAP SE, Synopsys, Inc., PTC, Inc., Ansys, Inc., and MSC Software Corporation. A significant opportunity for the key players lies in the growing demand of engineering software across marine, ship building and offshore sectors in order to provide reliable operating platform to overcome with extreme weather conditions, physical space constraints, and remote locations.
The global engineering software market is segmented on the basis of software type, application type, and geography. On the basis of software type, the market is segmented into CAD software, CAE software, CAM software, AEC software, and EDA software. In 2014, the CAD software segment led the market and is expected to continue its dominance with nearly half of the global market revenue share in 2022. Currently, the surge in demand for CAD software is driven by the growing trend of mobile access to CAD which is boosting the adoption of CAD software worldwide, especially in the APAC. Moreover, the evolution of various new engineering trends such as 3D modeling, building information modeling (BIM), concurrent engineering and 3D printing, among others are expected to drive the engineering software's demand throughout the forecast period.
On the basis of applications, the global engineering software market is classified into design automation, plant design, product design & testing, drafting & 3D modeling and others. The others application segment includes enterprise resource planning, project management, knowledge management, and 3D printing services. In 2014, product design & testing application segment led the engineering software market and it is expected to continue its dominance with over one-fourth of the global market revenue share in 2022. This is owing to the rising connectivity enabling remote analyzing and examining of products in the field. The drafting & 3D modeling is expected to be the fastest growing application segment owing to its rising usage in textbook publishing, advertising, marketing, and geology & science. Scientists and geologists are using 3D modeling to simulate earthquakes and landforms in order to see the effect of stress and draw conclusions based on their findings.

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North America led the global engineering software market in 2014, accounting for over one-third of the global market revenue share and it is expected to lead the market throughout the forecast period 2015 to 2022. This is owing to the evolution of cloud-based engineering software which provides a range of advantages, such as ease of access, large space of storage, and security. Latin America is expected to be the fastest growing region for the market owing to immense growth in manufacturing and telecommunication industries, making significant usage of engineering softwares. The market for CAD/CAM/CAE and EDA is anticipated to increase in Brazil, Mexico, Argentina, and Mexico. In Middle East & Africa (MEA), government investments and advancements in technology are acting as drivers for the growth of industrial sector, which in turn, is anticipated to drive the engineering software market in the coming years. In addition, the growth of engineering software market in Asia Pacific is mainly driven by burgeoning construction field and expanding automation industry. Thus, the engineering software market is analyzed to grow at a CAGR of 12.4% during the period 2015 to 2022.

For more information on this press release visit: http://www.sbwire.com/press-releases/engineering-software-market-emerging-industry-trends-global-future-forecasts-1107008.htm

Albany, NY -- (SBWIRE) -- 12/20/2018 -- Increased demand for processes to improve product life cycle management and increase overall revenue of companies has led to the demand for improved warranty management systems. Rising technological awareness has encouraged population worldwide to automate their warranty claim management processes. In addition, technological vendors entering this market to fulfill the nature specific demands have increased the popularity of warranty management systems. Warranty management systems enable providers to offer services at the convenience of customers through its wide range of offerings.
Warranty vendors offer solutions through services and software. Manufacturers are at liberty to choose the option that suits best to their business requirement. With the increased penetration of Internet worldwide, the cloud based warranty management systems have gained increased adoption, globally. In addition, manufacturers benefit as they reduce losses on fraudulent claims and work towards improved product quality through efficient warranty management systems. External factors such as new entrants and increasing number of manufacturing firms across the world are expected to drive the growth of WMS market during the forecast period.

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Warranty management systems can be accessed either through on-premise or cloud based software. Cloud based warranty management software have found increased penetration with ease of installation, saving on infrastructure cost, and ease of use. The on-premise warranty management software market held the largest share of the overall WMS market in 2013. With provisions for enhanced security and complete control options to the customer, on-premise warranty management systems strive to remain competitive in the market.
Warranty management systems, by deployment, can be segmented into private, public and hybrid cloud. and by application – automotive, industrial equipment, heavy machinery and equipment, HVAC, aerospace and defense, food and beverages, healthcare, communication equipment and others (office equipment, furniture, and apparel). In 2013, healthcare industry held the largest share in the overall warranty management systems market. Increasing demands for healthcare services and increasing number of aging population worldwide has led to increases transactions within this market segment. Aerospace and defense seem to be gaining momentum with increasing demand for efficient ways to manage scheduling and streamlining tracking of inventory within this volatile industry. Automotive industry has found increased demand over the forecast period pertaining to the rise in disposable income and changing life style of people worldwide. This increase in production of automobile has led OEMs to incorporate WMS in order to balance supply and demand and meet customer specific quality of products.
Warranty management is widely adopted by small and large scale industries across the world in order to increase top-line revenue and bottom-line profits. Favorable condition such as availability of Internet access at user's convince has encouraged manufacturers to opt for cloud based warranty management systems. Moreover factors such as enhanced customer experience, improved customer retention, shortening of bill cycle and improved cash flow have increased OEMs confidence to opt for automating warranty claims management processes. Furthermore, warranty management systems guarantee on-time delivery and production to balance supply with demand and have contributed to the growth of WMS market, globally. Increased investment by WMS providers towards rapid development of applications for warranty management systems and increased adoption of system integration, BPO services and cloud based WMS by OEMs has increased the demand for WMS worldwide.

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North America led the overall warranty management systems market in terms of revenue in 2013 on account of increased spending by manufacturers on warranty management systems in order to enhance product quality and customer satisfaction in this region. Asia Pacific held the second largest revenue share of the overall warranty management systems market in 2013 due to the strong presence of manufacturing industries in this region. Warranty management systems market in Asia Pacific is expected to achieve significant growth during the forecast period from 2014 to 2022. Opportunities from other regions including Middle East and Africa and Latin America are expected to further drive the growth of the warranty management systems market during the forecast period 2014 to 2022.
Some of the key players in the warranty management systems market include PTC, Inc., Oracle Corporation, SAP SE, Tavant Technologies, Inc., Astea International, Inc., Pegasystems, Inc., Zafire Ltd., Snap-On Business Solutions, Inc., and Simply Warranty among others.

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Albany, NY -- (SBWIRE) -- 12/20/2018 -- The automotive chassis systems market is facing a growing demand for lighter and stronger chassis systems. Chassis system made of composite components which would make the chassis lighter and stronger and aerodynamic are some of the key factors in driving the automotive chassis systems market. Light weight and aerodynamic chassis system also enhance the fuel efficiency of the vehicle.

Companies manufacturing automotive chassis systems constantly invest in research and development activities for the purpose of innovating new composite materials, which are a mixture of more than one element and are stronger and lighter than traditional components. These chassis systems are much lighter in weight and safer than ordinary chassis systems. Reduction in weight significantly enhances the fuel efficiency of the vehicle. Thus, innovation of this new type of composite material for the manufacture of automotive chassis system is a major driver for the automotive chassis system market. Polymer Matrix Composite, Metal Matrix Composite and Ceramic Matrix Composite are some of the composite materials that have been recently used in the manufacture of chassis components.

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Safety of the passengers traveling in the vehicle is constantly improving with time. Usage of better composite materials increasingly makes vehicles safer and lighter than before. Companies are constantly focusing on research and development to improve the design of the vehicle chassis so that it is better equipped to handle the impact at the time of the crash. Added protection is provided with the help of beams to the areas in chassis which are more prone to impact at the time of crash. Furthermore, manufacturers are focusing on innovating components with higher resistance to deformation. Constant improvement in safety of the passengers traveling in the vehicle is expected to be a key opportunity in driving the automotive chassis system market.

Based on the types of vehicles, the automotive chassis system market has been segmented into passenger cars, LCVs, ICVs, HCVs, off-road vehicles, construction equipment vehicles, defense vehicles, and farm tractors. The passenger cars segment held the largest share of the automotive chassis system market in terms of revenue in 2014. Off-road vehicles such as dirt bikes and ATVs are popular among adventure lovers in North America and Europe. Furthermore, several sports activities are organized globally. This boosts the demand for off-road vehicles. LCVs was the third largest segment of the automotive chassis system market, as these are the most preferred type of vehicles used for commercial purposes.

Heavy commercial vehicles, also known as multi-axle vehicles, have overall payload capacity of above 16.2 tons. These vehicles are the lifeline of commercial activities and form an integral part of the economy. Emerging economies such as India and China have been experiencing rapid infrastructure development over the past few years. This has increased the demand for HCVs to transport heavy construction equipment and materials. Demand for HCVs is high for the transportation of heavy goods across long distances in the manufacturing and construction sectors. These are the major factors driving the HCV segment.

Geographically, the global automotive chassis system market has been segmented into four major regions: North America, Europe, Asia Pacific and Rest of the World (RoW). Europe dominated the automotive chassis system market in 2014. Asia Pacific is the most attractive region in the automotive chassis system market. Presence of countries like China, India and Japan is driving the market in the region.

The development of the real estate industry has fueled the demand for heavy vehicles in the region. Moreover, the rise of the business class in the region is driving the demand for luxury and premium segment cars. China and India enjoys a distinct competitive advantage in terms of quality and cost and this has prompted all the major players in the automotive industry market to setup their manufacturing facility in the region. This is expected to drive the automotive chassis system market further in Asia Pacific.

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Some of the major players operating in the global automotive chassis system market are Continental AG (Germany), Robert Bosch GmbH (Germany), American Axle & Manufacturing (U.S.), Benteler International AG (Germany) and ZF Friedrichafen (Germanys).

This report provides strategic analysis of the global automotive chassis system market and the growth forecast for the period 2014 to 2021. The report covers competitive analysis of various market segments based on components, chassis system and vehicle type and an in depth cross sectional analysis of the automotive chassis system is provided across different geographic segments.

For more information on this press release visit: http://www.sbwire.com/press-releases/automotive-chassis-systems-market-market-scope-and-size-by-application-1107010.htm

Albany, NY -- (SBWIRE) -- 12/20/2018 -- The rising use of digitalization and advanced technologies have increased the amount of data stored per day in various type businesses and organizations. The large percentage of data is been stored through emails, social networking sites, cloud computing platforms and services, and internal communication systems. In addition, it has been estimated that in the coming years, the volume of ESI is expected to reach 65% per organization. Thus, looking at the stats the demand for eDiscovery has grown significantly and in turn is likely to benefit the market growth.

The tremendous use of social media has created huge growth opportunity for the eDiscovery services and platforms. Nowadays most of the companies are making use of various social media sites such as Twitter, Facebook, and other to expand their online presence that have also created the need for eDiscovery services. However, the cost of this service is high but companies do not have an alternative at present.

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The increasing demand for eDiscovery services and platforms are projected to benefit the market growth on the coming years. The global eDiscovery market is expected to rise at healthy 16.2% of CAGR during the forecast period between 2014 and 2022. In terms of revenue, the market is projected to reach a valuation of US$21.08 bn by 2022

Low Cost of Off-Premise Solutions to lead eDiscovery Market in Near Future

The global eDiscovery market is classified on the basis of end users and component. Based on component, the market is divided into services and software which included on-permise software and off-permise software. On- premise eDiscovery solutions are highly preferred due to higher safety and simplicity they provide. Increasing concerns related to data security and integrity on-permise solutions have overpowered the off-permise solutions. However, this situation is likely to change within few years as off-permise solutions are expected to provide better security and services at a much lower cost than compared with on-premise solutions. The change in terms of their market values between both the solutions will be evident in the near future, where off-permise eDiscovery solutions is projected to reach a valuation of US$4.83bn by the end of 2022. Based on end users, the global eDiscovery market is categorized on the basis of law firms, government and regulatory agencies, and enterprises (small, medium, and large sized).

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Based on geography, North America is expected to lead the market and is projected to reach US$10.71 bn by the end of 2022 in eDiscovery services and platforms. The percentage at which North America is projected to rise with is lesser than is currently has. This is due to increasing demand for eDiscovery platforms in Asia Pacific. Rapid industrial revolution in China and India requires well-established IT infrastructure that is likely to benefit the market growth in this region.

However, demand for eDiscovery solutions is still very high in developed economies in Europe and North America. This is due to growing pressure by government authorities with electronic media governance policies that might help in keeping at par the deployment pace of eDiscovery solutions.

The vendor landscape of the global eDiscovery market includes names of various leading players present in the market. HP Autonomy, Daegis, Inc., EMC Corporation, IBM Corporation, Symantec Corporation, Epiq Systems, Inc., Guidance Software, Inc., and FTI Consulting, Inc., are some of the prominent players mentioned in the report.

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Nutrition Bar Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Albany, NY -- (SBWIRE) -- 12/20/2018 -- In order to add-on quick energy, nutrition bar contains most of the carbohydrates such as fructose, sucrose, dextrose and others in appropriate ratios. It also contains complex carbohydrates sources such as oats, barley, corn, and other cereals. In order to enhance taste of these nutrition bars manufacturers also add ingredients such as cocoa powder, caramel, chocolate, etc. Nutrition bars are better alternative to those who find sitting down for a meal is an impossible task rather than grabbing a bar to fulfil hunger needs. The demand for these product is increasing nowadays in order to fulfil nutritional need of athletes and health conscious population.

Nutrition Bars are nutritional products which contains cereals and other high energy rich ingredients to provide energy to individual who require quick energy on substitution of a proper meal.

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Nutrition Bar Market Regional Outlook:

On the basis of regions, Nutrition Bar market is segmented into following key regions; North America, Latin America, Eastern Europe and Western Europe, Asia Pacific & Japan, and The Middle East and Africa.

North America grabs the major share of global nutrition bar market. Consumption of nutrition bar which benefits potential health and nutrition have more demand in North America regions and it is expected to grow at a steady rate. U.S is one of the major producer of nutrition bar which serves population who need nutrition and energy such as athletes and growing kids. Nutritional bar market is expected to register an increase in demand in developing countries such as India due to increasing population and disposable income.

Nutrition Bar Market Dynamics:

Increasing consumer preference for healthy and nutritional alternative for meal to save time such as nutritional bar or energy bar which contains high protein and fiber content is expected to register an increase in demand for nutrition bar. Also, increased demand for nutritional bar for weight management with low fat and calorie products is expected to fuel the market over the forecast period. Nutritional bar is marketed as a meal replacement bars which contains high fiber ingredients, cereals, and carbohydrates to fulfil essential requirement of a meal and is served as breakfast meal in North America giving on-the-go people an easy alternative to skipping breakfast.

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Nutrition Bar Market Segmentation:

Nutrition bar market is segmented on the basis of product type, base ingredient, and distribution channels.

On the basis of product type, nutrition bar market segments include protein bar, fibre bar, snacks bar, meal-replacement bar, and whole food bar. Among all of these, protein bar segment holds the major share and is expected to register a growth during the forecast period. Protein bars are majorly preferred by athletes to fulfil their nutritional requirements of protein. Furthermore, whole food bar contains whole cereals, granola, and fruits to provide high fat and carbohydrates rich diet.

On the basis of base ingredients, nutrition bar market segments include chocolate, granola, caramel, fruits and nuts, cereals, peanut butter, sugar carbohydrates, and others. Among all of these, fruits and nuts segment holds the major share and is expected to register a growth over the forecast period.

For more information on this press release visit: http://www.sbwire.com/press-releases/nutrition-bar-market/global-nutrition-bar-market/release-1107013.htm

Albany, NY -- (SBWIRE) -- 12/20/2018 -- The global operating room management market is witnessing a sustained growth all over the world. This is due to the fact that hospitals presently are focussing on cost control, improving the efficiency of operating rooms and also in order to improve the infrastructure in the operating rooms. In addition to this, the macroeconomic factors that are at play in driving the global operating room management market are the increasing incidences of diseases and an increasing geriatric population. Moreover, due to rising technological innovation, there is an increase in the demand for operating room supply management software. The operating room management facilitates enhanced coordination and communication between different surgical teams. Care is taken to use best ergonomics, effective monitoring and detailed control of operating room systems in order to perform surgeries in a faster manner and with more safety and efficiency. Due to the excellent facilities provided in such kind of operating rooms, it attracts more number of patients and better doctors to the hospitals which consequently improves the revenues of the hospitals.

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According to the assessment of Transparency Market Research, the global operating room management market is forecasted to reach a figure of about US$ 3,600 Mn in 2022 and is poised to exhibit a robust CAGR in the period of assessment.

North America Market Set to Dominate the Global Operating Room Management Market in Terms of Revenue

The market in North America is set to dominate the global operating room management market in terms of value and this trend is projected to sustain itself throughout the assessment period. North America operating room management market is the most attractive market, growing at a robust CAGR over the forecast period.

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Solutions Segment Slated to Touch a Value of Nearly US$ 925 Mn in 2022

According to the projections of Transparency Market Research, the solutions segment is expected to reach a value of about US$ 925 Mn in the year 2022. This signifies a robust CAGR during the forecast period of 2017-2022. The solutions segment is estimated to account for more than one-fourth of the revenue share of the component segment by the end of the year 2017 and is expected to lose in market share by 2022 over 2017.

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About Transparency Market Research
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Albany, NY -- (SBWIRE) -- 12/20/2018 -- Global Technology Spending on Revenue Cycle Management: Snapshot

The global technology spending on revenue cycle management is primarily being driven by the wide array of advantages that their implementation can offer, such as increase in revenue generation, better efficiency in healthcare practices, easier compliance with industry norms and regulations, and greater accuracy and easier access to healthcare IT systems. However, its market is currently being restricted by a host of issues, including the inability to handle uninsured patients, the losses and increased pressure incurred due to changes in regulations, the low mobility of a system in response to shifting market dynamics, and the overall concerns regarding the integrity and security of data.

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The current trends in the global market for technology spending on revenue cycle management include a growing use of credit card programs that can aid and cover a greater percentage of a national population and allow healthcare organizations to access their medical data faster. The global market for technology spending on revenue cycle management is expected to reach an evaluation of US$51.56 bn by the end of 2024. It was calculated at US$28.50 bn at the end of 2015 and is expected to expand at a healthy CAGR of 6.9% within a forecast period from 2016 to 2024.

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Companies Going for Cloud-based Revenue Cycle Management

Revenue cycle management can be dissected into integrated and stand-alone, on the basis of platforms. An integrated platform for revenue cycle management is a combined system for a healthcare organization's financial performance management, a patient's electronic health records (EHR), and business intelligence tools, all collected under a single revenue cycle solution. A stand-alone platform in revenue cycle management, on the other hand, can work independently of other solutions or software. It works individually without requiring patient health records or medical records integration. Based on deployment, revenue cycle management is segmented into cloud-based and on-premise. Cloud-based deployment is trending and has greater growth opportunities in the forecast years due to its accessibility and lower costs.

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