Smart Label Market Size To Reach USD 16.12 Billion By 2025

The global smart label market is expected to reach USD 16.12 billion by 2025, according to a new report by Grand View Research, Inc. Installation of efficient anti-theft and anti-counterfeit system in several end-user industries is projected to propel the demand. Constant research and innovation efforts to design advanced and application specific products are expected to be the key trend in the global smart label market over the next few years.

Rapid urbanization and rise in disposable income of consumers have propelled key end-user industries such as retail, FMCG, and healthcare & pharmaceutical in Asia Pacific in the recent past. Growing economic trends in China, India, Japan, South Korea, and South East Asian countries have created lucrative opportunities in the smart label market.

Usage of smart label helps companies to prevent key issues such as theft, shop lifting, and counterfeit. Thus, emerging presence of key retail and manufacturing industries in developing regions is projected to accelerate the growth of smart label market in the next few years.

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Further key findings from the report suggest:

The global market for smart label was valued at around USD 4.21 Bn in 2015 and is expected to reach over USD 16.12 Bn by 2025, growing at a CAGR of 14.7% from 2016 to 2025
RFID labels accounted for over 60% of global volumes in 2015, and is expected to grow over the next nine years on account rising demand in retail sectors
In terms of components, batteries segment was estimated to dominated the global smart label market in 2015
Retail inventory accounted to be the largest application segment in 2015, accounting for over 22% of the global smart label market volume owing to excellent real time tracking efficiency
Perishable goods application segment is anticipated to exhibit promising trend by expanding at the fastest CAGR from 2016 to 2025 due to rising use in medication management and medical instruments
Retail is expected to be the highest revenue generating end-user segment of the smart label market growing at a double digit CAGR of over 14% from 2016 to 2025, owing to improved supply chain efficiency obtained from smart label
Asia Pacific is projected to witness the fastest growth rate over the forecast period, owing to promising trend in retail and FMCG industries in developing countries
Avery Dennison Corporation, CCL Industries, Inc, Zebra Technologies Corporation, Alien Technology Inc, Intermec Inc, Checkpoint Systems, Inc are some of the key players operating in smart label market
The major smart label manufactures are focusing to enhance their presence in emerging BRIC counties through introduction of new products and capacity expansion

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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Fire Alarm Market Size Worth $23.2 Billion By 2025

The global fire alarm market size is expected to reach USD 23. 2 billion by 2025, according to a study by Grand View Research, Inc., registering a CAGR of 4.3% during the forecast period. Fire alarm and detectors can protect assets, avoid casualties, and prevent property damages by raising alerts about a fire outbreak at an early stage. Recent accidents, such as the Grenfell Tower fire in London in June 2017, have triggered the need to equip high rise towers with effective fire alarm and detection systems. Growth in new residential and commercial construction activities as well as renovation projects, and subsequent need to upgrade existing fire alarm and detection systems are also emerging as key factors driving fire alarm and detection market growth.

Advances in technology have resulted in introduction of wireless and quick response systems that can detect the exact location of the fire and curb false alarms. These systems are suitable for large-scale applications. However, these systems are expensive as they incorporate several electronic components and devices. Conventional systems are preferred for small-scale applications owing to cost constraints.

Fire safety norms are particularly stringent in North America and Europe. Moreover, the two regions are home to prominent market players, such as Emerson Electric Co., Fike Corporation, Gentex Corporation, and Halma plc. Hence, the North American and European regional markets are currently dominating the fire alarm market. However, regional markets in emerging economies, such as India and China, are expected to exhibit a higher CAGR over the forecast period in line with growing awareness about fire safety.

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Further key findings from the study suggest:

Rising adoption of fire alarm & detection systems in response to stringent fire safety norms has propelled the growth of the global market, which is expected to register a CAGR of over 4.0% during the forecast period
Addressable systems are expected to emerge as the largest segment, projected to reach a value of USD 17.2 billion by 2025. This is owing to numerous benefits, such as quick response time, high reliability, and reduced cabling, offered by addressable alarm technology
Market size of the smoke detectors segment is projected to reach USD 10.4 billion over the forecast period. This can be attributed to the affordability of smoke detectors as well as their capability to detect low-intensity fires
The market for alarm & detection systems used in commercial applications is expected to continue dominating the overall market over the forecast period, and the market size of the segment is expected to exhibit a CAGR of over 4.5%
North America is currently the largest market and is expected to remain so over the forecast period. The region is known for early adoption of fire detection technology and is also home to leading market players
Emersion Electric Co.; Fike Corporation; Gentex Corporation; Halma plc; Hochiki Corporation; and Honeywell International, Inc. are some of the prominent players in the market.

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Aerial Imaging Market Expected to Reach USD 2.24 Billion by 2020: Grand View Research, Inc.

The global Aerial Imaging Market is expected to reach USD 2.24 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand in emerging application areas including natural resources management, energy, and disaster prevention is expected to drive the market over the next six years. Increased need for geospatial information and imagery data is also expected to fuel demand over the forecast period.

Adoption of location-based services (LBS) for navigation, remote monitoring, navigation and mobile advertizing is expected to give impetus to the aerial imaging market. Adverse weather conditions and related environmental factors may prevent accurate imaging data collection. Security and privacy concerns among users are also expected to hamper market growth over the next six years.

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Further key findings from the study suggest:

Commercial applications are expected to witness high growth over the forecast period; they accounted for over 15% of the market in 2013. This can primarily be attributed to high adoption by the tourism industry. Planning 3D or 2D seismic surveys for alleviating safety and environment risks is expected to favorably impact the energy segment.
Aerial construction progress images are used by architects and engineers for infrastructure development activities. Deploying aerial drones in place of manned helicopters for reducing overall cost is expected to be a key growth opportunity. The agriculture sector benefits from this technology through application in drainage planning and farmland management.
North America accounted for majority of the global market share in 2013. High demand from the agriculture and forestry segment is expected to be the chief growth driver for the regional market. Demand from government agencies employing this technology for research purposes is also expected to fuel the market over the next six years. High demand across application areas is estimated to propel the Asia Pacific aerial imaging market.
Companies operating in the aerial imaging market may have in-house systems and platforms; alternatively, they may also procure these from suppliers. Continued investments in R&D and technological innovation have been the key strategic initiatives undertaken by major industry participants. Key market players include Blom ASA, Fugro EarthData, Google Inc, Pictometry International, GeoVantage, Inc., Kucera International, Digital Aerial Solutions, Ofek Aerial Photography, Eagle View Technologies, etc.

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LiDAR Market Size Expected To Reach $1.34 Billion By 2024

The global LiDAR market is expected to reach USD 1.34 billion by 2024, according to a new report by Grand View Research, Inc. The surging acceptance in environmental mapping and automobile safety application arenas is expected to boost the market growth. The increasing acceptance in the construction and architectural segment for monitoring & 3D-modeling applications is further anticipated to bolster the market growth.

The market can be categorized on the basis of application types into corridor mapping, engineering, environment, exploration, Advanced Driver Assistance Systems (ADAS) & others. The ADAS application segment is expected to grow at a remarkable pace owing to the surging incorporation in automotive safety and forward-collision avoidance systems; for instance, in Automatic Emergency Braking (AEB) systems to reduce the number of car crashes.

In July 2016, Velodyne LiDAR (U.S.) announced a partnership agreement with Dibotics (France), a Paris-based pioneer in the infrastructure-less and GPS-denied navigation. Dibotics would be providing consulting services to Velodyne customers in the 3D SLAM software segment, where the company would make contributions to the Dibotics platform in augmenting its technology deployed with Velodyne’s 3D LiDAR sensors.

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Further key findings from the report suggest:

The global LiDAR market is estimated to grow significantly over the forecast period due to automation in numerous industries, leading to reduced human efforts and increased efficiency. The technological superiority of LiDAR and several engineering projects of the large magnitude are estimated to trigger the demand by 2024.
Airborne systems are expected to remain the dominant product segment over the forecast period. The segment is anticipated to gain prominence over the forecast period on account of the surging adoption of aerial mapping devices. Mobile terrestrial scanning is a frequently preferred survey method in monitoring, conservative topography, and geospatial mapping. UAV systems, also popularly known as drone mappers, are a contemporary mapping technique that incorporates LiDAR devices mounted on a drone to conduct scanning & associated mapping operations.
North America is expected to emerge as one of the leading regional markets owing to the rising R&D spending coupled with high adoption in the automotive sector and environmental scanning & modeling operations. Asia Pacific is expected to witness a substantial growth over the forecast period. The surge in the demand across the product segments is expected to spur the market demand.
The key industry participants include Velodyne LiDAR, Inc., Leica Geosystems Holdings AG, Faro Technologies Inc., Trimble Navigation Limited, and RIEGL USA Inc. The current market environment is witnessing an intense competition between the key players for achieving the market domination via product differentiation and enhancement of quality.

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Mining Automation Market Size Worth $6.2 Billion By 2025

The global mining automation market size is expected to reach USD 6.2 billion by 2025 at a CAGR of 7.3% during the forecast period, according to a report by Grand View Research, Inc. Increasing need to enhance accuracy and productivity of mining operations is expected to drive market growth.

Need for optimizing production costs, reducing human intervention, and changing the mining landscape are key growth-driving factors for the market. Increasing investment in digital technologies, including analytics and human-machine interactions, is also expected to be one of the key factors boosting industry growth. Furthermore, complex stages involved in supply chain activities and growing sophistication in mining operations are driving the need for automation and robotics technology in this sector.

Growing automation has led to adoption of drones as a step toward the evolution of unmanned and aerial data collection technology in mines. Automated drone systems are expected to become an essential technology in future mining automation and digitization activities.

Several companies such as Tata Steel, Rio Tinto Group, and Komatsu Ltd. are the early adopters of drone technology. Usage of these systems enables quick data collection by enhancing accuracy in designing mine plans and making necessary changes, thereby boosting operational productivity.

Changing mining landscape across the globe along with dependence on specific technologies is expected to create growth opportunities over the next few years. Such changes in operations are challenging the viability of traditional exploration and drilling technologies and processes, thereby providing opportunities for the adoption of new technologies.

Rising need for Geographic Information Systems (GIS) in mineral exploration activities has boosted market growth. GIS enables professionals to perform in-depth analysis of insights related to mineral exploration, mining conditions, and geochemical or hydrological data.

Several economies including India, Africa, and Brazil lack the potential for growth owing to use of conventional exploration techniques and equipment. Increased need for exploration in these economies with the adoption of advanced technologies is expected to accelerate demand for automated solutions over the forecast period.

Rising investments and government support, along with ongoing initiatives such as Digital Transformation Initiative (DFT) for a digital transition in the mining sector, would significantly boost the adoption of automated solutions. For instance, in 2017, the Government of Australia announced its plans to invest approximately USD 79 million to encourage medium- and small-sized miners to carry out exploration activities.

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Further key findings from the report suggest:

The equipment automation segment is projected to expand at a CAGR of 7.5% over the forecast period. Retrofitting existing equipment with automated technology is expected to substantially contribute to segment growth
The autonomous trucks sub-segment is expected to dominate the equipment automation segment over the forecast period, on account of their increased deployment to boost productivity and safety
The metal mining application segment is expected to grow at a significant rate over the forecast period, which can be attributed to increased gold exploration activities globally
The revenue share of Asia Pacific is expected to surpass 40.0% by 2025, owing to growing penetration of automation solutions in economies including Australia and India
Prominent market players include Rockwell Automation, Inc.; Komatsu Ltd.; Rio Tinto Group; and Caterpillar Inc.
Increased investments in developing automated solutions by either launching new products or retrofitting existing equipment are some of the growth strategies adopted by key players.

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Payment Security Market Worth $43.76 Billion By 2025

The global payment security market size is expected to reach USD 43.76 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 12.3% during the forecast period. Rising need for PCI DSS (payment card industry data security standard) compliance and adoption of digital payment mode by consumers are likely to stoke the growth of the market. The payments industry is going through a movement of infrastructure transformation, which is essential to compete efficiently with non-bank trendsetters and address progressing customer requirements.

Over the past few years, major economies have modernized their payment infrastructures and many others are scheduling to upgrade. Digital payments aid merchants in maintaining continuous compliance with PCI DSS, which is further anticipated to bolster the growth of the payment security market. In March 2015, Worldpay noted over 133,000 fraudulent transactions reported, which interpreted stolen card details being used every 20 seconds. Thus, payment security providers help its customer’s systems to protect itself from threats and aim to provide secure businesses by getting them to comply with PCI DSS. Therefore, the payment security market is estimated to be driven by the adoption of PCI DSS compliance.

Fraud detection and prevention solutions hold the largest share in the overall market. These solutions provide various fraud analytics solutions such as big data and predictive analytics. Big data and predictive analytics helps to detect and avoid frauds.

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Further key findings from the report suggest:

The global payment security market had a valuation of USD 15.79 billion in 2017
Encryption platform emerged as the fastest growing segment over the forecast period
Large enterprises represented the leading segment in terms of organization in 2017 and are projected to generate revenue over USD 29.80 billion by 2025
The education market is poised to witness the highest CAGR of 13.4% over the forecast period
North America was the leading revenue contributor in 2017. Rising number of startups in the retail industry and presence of prominent payment security providers in the region is expected to drive the North America payment security market
Key players include Braintree, CyberSource, Ingenico, and Index among others. These players commanded the leading revenue share in the market in 2017.

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Ceramic Armor Market Size Worth $3.04 Billion By 2025

The global ceramic armor market size is estimated to reach USD 3.04 billion by 2025, according to a new report by Grand View Research, Inc., presenting a 7.2% CAGR during the forecast period. The market is driven by increasing unrest among countries, cross-border disputes, and terrorist activities, which creates the need for advanced protection systems for soldiers as well as combat vehicles. Advancements in material technologies and manufacturing techniques are driving adoption of ceramic as armor materials.

The use of ceramic armor is governed by various acts and regulations, led by organizations such as Underwriters Laboratories (UL), National Institute of Justice (NIJ), and United States Department of Defense (DoD). Design and testing standards are developed to investigate the level of intensity that a body armor can withstand against threats. Manufacturers and vendors selling ceramic body armor need to comply with these standards.

Based on material, the alumina material segment accounts for a relatively larger market share due to its inexpensive processing and higher density. By application, the homeland security segment is estimated to exhibit the highest growth rate over the forecast period. Demand for ceramic armor in defense is attributed to the emerging trend of upgrading military equipment. Surging need for safeguarding military personnel is encouraging large-scale procurement of body vests across the globe.

By way of platform, the market has been categorized into defense, homeland security, and civilians. While the civilian application segment has witnessed comparatively slower adoption of body armor, growing rate of terrorism across the globe has driven adoption in the homeland security segment.

North America acquired the largest market share in 2016, primarily owing to rising investments by defense agencies in performance products to increase and maintain its military strength. The prevailing insurgency in Middle Eastern countries is expected to increase the sale of armored vehicles in the region. Saudi Arabia and UAE are potential customers for armor vehicle manufacturers owing to their involvement in military operations in Yemen.

Some key participants operating in the industry are Ceradyne (U.S.); Saint Gobain Ceramics & Plastics (U.S.); ArmorWorks (U.S.); CeramTec (Germany); CoorsTek Inc. (U.S.); Koninklijke Ten Cate BV (Netherlands); M Cubed Technologies(U.S.); Olbo & Mehler (Germany); Safariland LLC (U.S.); and KDH Defense Systems, Inc.(U.S.).

The development of ceramic armors is backed by government support to protect sovereign capabilities. For instance, the Defense & Science Technology Laboratory (DSTL) of the UK Ministry of Defense is working in collaboration with Kennametal Manufacturing UK to increase the ceramic armor capabilities of its defense unit.

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Further key findings from the report suggest:

Silicon carbide is widely used in body and defense armor owing to its properties such as high strength and hardness to withstand advanced threats
Armored vehicles are the primary application for ceramic metal composites as they provide enhanced strength and ballistic properties to the vehicle
Increasing trend of providing body armor to first responders across U.S. and European countries is expected to support market growth over the forecast period
Growth of the homeland security segment is driven by lack of government body armor supplies to police personnel in emerging economies such as India and Pakistan
North America dominated the global ceramic armor market, accounting for more than one-third of the total market in terms of revenue in 2016.

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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Enterprise Content Management Market Worth $93.76 Billion By 2025

The global enterprise content management market size is expected to reach USD 93.76 billion by 2025, according to a study conducted by Grand View Research, Inc., registering a CAGR of 15.6% during the forecast period. Soaring need for securing confidential data is triggering the adoption of enterprise content management software. Components of the software include solutions and services such as document management, web content management, records management, document collaboration, and digital rights management. These solutions enable enterprises to reduce their data storage costs and enhance productivity by allowing them to collaborate with employees.

In North America, availability of advanced IT infrastructure and presence of prominent IT giants such as IBM and Microsoft Corporation is poised to drive the adoption of enterprise content management software. Latin American and MEA are projected to witness considerable growth over the coming years owing to growing preference of enterprises for cloud and rising need for IT services by the government sector.

However, vendor dependence and high cost of maintenance are likely to hamper the growth of the market. To overcome this, ECM providers may offer flexibility to enterprises and low-cost maintenance services for gaining credence among organizations.

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Further key findings from the study suggest:

The services segment is expected to post the highest CAGR of over 17.0% during the forecast period due to growing emphasis on periodic maintenance and employee training to enhance operational efficiencies
Cloud-based ECM provides benefits such as high service level, which will drive the growth of the segment over the forecast period. The segment is anticipated to command more than 60% of the overall market revenue by 2025.
The SME segment is expected to expand at a CAGR of 21.1% over the forecast period owing to reduced data storage costs and security offered by enterprise content management
Transportation & logistics is expected to rise at a CAGR of over 16% over the same period
Latin America is expected to emerge the fastest-growing region over the forecast period as enterprises in this region are shifting towards cloud deployment
Prominent industry participants operating in the market include IBM, Hewlett Packard Enterprise (HPE) Company, M-Files Corporation, and Microsoft Corporation.

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Application Container Market Worth $8.2 Billion By 2025

The global application container market size is expected to reach USD 8.2 billion by 2025, according to a new report by Grand View Research, Inc., registering a 26.5% CAGR during the forecast period. Application containerization is used to deploy and run applications without launching separate Virtual Machines (VMs).

VMs and containers have similar resource allocation and isolation advantages; however, containers help virtualize the Operating System (OS) in place of hardware. These solutions are more portable and efficient as compared to VMs owing to the requirement of fewer operating systems and minimum space.

The application container market has also been gaining prominence as a result of increasing adoption of containerization technology, particularly in retail, healthcare, banking and finance, and telecommunication sectors. The banking, financial services, and insurance (BFSI) sector is one of the early adopters of this technology, which offers benefits such as administration ease and cost-effectiveness.

The Docker datacenter is implemented in the banking sector as it provides benefits such as platform portability, higher security and smooth workflow of data, and efficient usage of infrastructure. The BFSI sector has adopted the Docker platform due to the challenging environment of digital disruption, wherein the use of application containers enables improvements in software delivery capabilities.

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Further key findings from the report suggest:

The on-premise deployment segment is expected to exhibit a CAGR of around 25.0% over the forecast period
The large enterprises segment dominated the market by organization size in 2018, a trend that is expected to continue through 2025
By platform, the Docker segment was estimated at a value of over USD 700.0 million in 2018
On the basis of service, the monitoring and security segment is projected to account for over 30.0% of the overall market revenue by 2025, which can be credited to the containers’ ability to prevent system breakdown by proactively identifying errors
North America accounted for the largest revenue share in 2018 and is projected to remain the dominant region over the forecast period, which is primarily attributed to high degree implementation of cloud technologies by vendors in the region
Prominent players in the application container market include Amazon Web Services, Inc.; Cisco Systems, Inc.; Google, Inc.; International Business Machines Corporation (IBM); and Red Hat, Inc.

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DevOps Market Size Worth $12.85 Billion by 2025

The global DevOps market size is expected to reach USD 12.85 billion by 2025, according to a new study by Grand View Research, Inc., registering an 18.60% CAGR during the forecast period. Increasing digitization of enterprises to automate business processes, rising adoption of cloud technologies, soaring adoption of agile frameworks, and need for better collaboration between IT teams to enhance operational efficiency will drive market growth.

DevOps tools and solutions address a variety of inefficiencies faced across the software development lifecycle. DevOps help enhance collaborations between development, operations, and quality assurance teams to facilitate continuous integration, testing, and delivery of software. DevOps tools enable enterprises to automate software development and testing lifecycle by standardizing and automating the movement and deployment of code across different environments. These tools enable developers to integrate a continuous feedback loop so that they can shorten response time and continuously release software based on user feedback and usage behavior.

Organizations of all sizes are increasingly deploying DevOps tools to enhance productivity, streamline workflows, reduce time to market, deliver better quality software, and minimize costs associated with software development, delivery, and maintenance. However, issues such as lack of skilled workforce and standardized DevOps tool set or solutions are expected to challenge the industry.

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Further key findings from the study suggest that:

North America is expected to account for the largest share during the forecast period, followed by Europe. Key factors contributing to regional growth are rapid adoption of digital services, advanced cloud infrastructure, and presence of major technology players
Asia Pacific emerged as the fastest-growing market, owing to rising presence of advanced infrastructure and increasing penetration of smartphones, smart devices, and digital services in developing countries such China, India, and Japan
The large enterprises segment accounted for over 61.0% of the overall market in 2017. However, the SME segment is expected to demonstrate a high growth rate over the forecast period owing to increasing number of small and medium enterprises across various regions delivering digital services
The IT application segment dominates with a share of over 36.0% in the overall market in 2017, followed by the BFSI segment.Increasing online and mobile transactions, coupled with rising demand of customers for better solutions and services, are expected to drive market growth
Key participants include IBM Corporation; CA Technologies; Cisco Systems, Inc.; Hewlett Packard Enterprise; Chef, Inc.; Puppet Labs, Inc.; Docker, Inc.; Clarizen, Inc.; and Microsoft Corporation.

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