Point of Care CT Imaging Systems Market Overview, Business Trends and Driver Forecast to 2023

29^th March 2019 – Global Point of Care CT Imaging Systems Market is estimated to grow considerably in the forecast period owing to the increase in number of chronic disorders. Point of care CT imaging systems are the computed tomography systems that offer immediate diagnosis with minimal radiation as compared to the conventional CT scanning systems. They are widely used in the hospitals and clinics to offer quality care to patients at affordable rates. Point of care CT imaging systems reduce the number of hospitals visits and also reduce the diagnostics and treatment cost for the patients. These imaging systems are specially designed to scan a wide range of severe disorders and are increasingly used in ICUs and CCUs for quick scanning in emergency cases.

Point of care CT imaging systems market is majorly driven by technological advancements like improvements in ultrasound, growing prevalence of severe health disorders, surgical benefits offered by point of care CT imaging systems, and growing consumers’ preference for minimally invasive disorders. Furthermore, increasing patient emphasis on efficient and early diagnosis of disorders is also fuelling the market growth. However, point of care CT imaging systems market is hampered by poor reimbursement policies in the developing economies, lack of competent professionals, and high installation and maintenance prices of the systems.

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Increase in demand for point of care CT imaging systems by emerging economies along with growing awareness is trending in the market. Growth of emerging economies, increasing preference of multimodal diagnostic systems, and increasing inclination of market players towards image-guided interventions are few opportunities in the market.

Nonetheless, increasing acceptance of refurbished CT imaging systems is challenging the market. Point of care CT imaging market is categorized based on type, application, end user, and geography. Based on type, market is divided into portable CT scan systems and stationary CT scanners. Stationary CT scanners segment is expected to lead the market owing to the high adoption due to increase in applications.

In terms of application, market is bifurcated into diagnostic applications, cardiology applications, oncology applications, human application, neurology applications, veterinary application, intraoperative applications, research application, and other diagnostic applications. Human application segment is further divided into diagnostic applications that include oncology, cardiology, neurology, and intraoperative applications. Human application segment is expected to lead the market due to increasing number of chronic disorders and rise in demand for intraoperative surgeries.

By end user, point of care CT imaging system market is divided into ambulatory surgical centres, veterinary clinics, hospitals, and radiology centres. Veterinary clinics and hospital segment is expected to due to high prevalence of veterinary diseases.

Geographically, market is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific, North America, and Europe are expected to hold significant share of the market in the forecast period due to increasing adoption of recent advancements in technology, growing health issues, growing geriatric population, and improving healthcare facilities and rising number of hospitals in emerging economies.

The leading players in point of care CT imaging systems market include SOREDEX, CurveBeam, SCANCO Medical, Xoran Technologies, NeuroLogica, GENORAY & Carestream Health, and Planmed.

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Paraffinic Base Oil Market Trends, Growth, Analysis and Advancement Outlook 2028

29^th March 2019 – Global paraffinic base oil market is estimated to grow considerably in the forecast period owing to the speedy industrialization of the developing economies. Paraffinic base oil is one of the most common types of crude oils, which is used as a lubricant in various applications. They are used in the manufacture of metal processing fluids, lubricating greases and motor oil. Paraffinic oil, aka kerosene is a highly refined mineral oil used for medical application and cosmetics. This oil has an exceptional oxidative, thermal stability and extreme temperature viscosity features.

The key drivers of paraffinic base oil market are increase in demand for vehicles on the global scale, rise in logistics and automobile business and increasing government investment in automotive sector. Increase in demand for vehicles is directly demanding lubricants, which accelerates the demand for paraffinic oil. Moreover, growing industrialization requires installation and operating of several machines and equipment, which ultimately drives the paraffinic base oil market. Additionally, rise in adoption of hybrid and electric vehicles is also propelling the market growth.

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Rise in applications of paraffinic oil is an emerging trend in the market. Nonetheless, growing demand from various industries is an opportunity for the market players to improve their products and expand their customer base.

Paraffinic base oil market is categorized on the basis of group, application, and geography. Based on group, market is divided into group I, group II, group III, group IV (PAO), group V, naphthenic, and re-refined. Group I is expected to lead the market in future. It includes (SN 150, BS 150, SN 250, SN 500, and others). However, group II, III, IV, V are expected to hold larger share of the market due to better efficiency offered in comparison to group I.

Based on application, market is divided into process oils, metalworking fluids, automotive fluids, hydraulic oils, industrial oils, and others. Automotive fluids segment is anticipated to lead the market due to increased applications in the automotive sector. These applications comprise engine oils, transmission oils, suspension fluids, brake fluids, grease and coolants. Automotive fluids are also used in defense industry in aircrafts, locomotives, and ships.

Geographically, market is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to dominate the market in the near future owing to increased demand from various industries and developments in industries. Europe is also expected to contribute significantly to the paraffinic base oil market due to the presence of large market players. Asia pacific is also expected to lead the market due to high adoption of base oils.

The leading players in paraffinic base oil market include Nynas AB, British Petroleum, China Petrochemical Corporation, Royal Dutch Shell Plc, The Phillips 66 Company, SK Lubricants Co. Ltd, ExxonMobil Corporation, PetroChina Company Limited, Chevron Corporation., and GS Caltex Corporation.

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IQF Products Market Global Insights and Trends , Overview and Forecasts to 2023

29^th March 2019 – Global IQF products market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. IQF stands for “Individual Quick Frozen” is a method of freezing food products extremely quickly and causes smaller ice crystals to develop within the product without damaging cells and tissue.

The factors that are playing a major role in the growth of IQF products market are high demand from food manufacturers to increase the shelf life of food products, growing working class population, easy storage properties, and rising demand for packaged IQF products. However, high investment cost and availability of alternatives may restrain overall market growth in the years to come. The market is segmented based on type, application, end-user, distribution channel, and region.

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Seafood, fruits, vegetables, meat & poultry, and other types are explored in IQF product market. Fruits sector comprises kiwi, berries, pineapple, banana, papaya, mango, apple, pomegranate, guava, and others. Whereas, vegetable sector comprises cauliflower, carrot, broccoli, beans, potato, peas, corn, and others.

The market is categorized based on applications like processing consumption and direct consumption. Food manufacturers, hotel, catering, restaurant, and other end-users are explored in the market.

Based on distribution channel, hypermarket and supermarket, retail stores, online stores, and others classify individual quick frozen products market. Hypermarket and supermarket accounted for the substantial share of the market and is estimated to lead overall market in the years to come. The reason behind overall sector growth could be high demand for seasonal products. In addition, retail stores sector is estimated to grow at fastest pace in the years to come.

Globally, North America accounted for the substantial share of the market and is estimated to lead overall market in the years to come. The reason behind overall market growth could be the presence of key manufacturers in the region, rising disposable income, and high demand from consumers. The United States is a major consumer of IQF products in this region.

Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are major consumers of IQF products in this region.

The key players of IQF products market are Oxford Frozen Foods, Superior Foods Companies, Eurial, SunOpta, California Garlic Company, Simplot, SCELTA, Titan Frozen Fruit, Junao, Gaotai, and Jinyuan Agriculture. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

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Imaging Chemicals Market Driver, Trends, Applications & Business Strategy Forecast 2025

29^th March 2019 – Global Imaging Chemicals Market is estimated to grow at a significant CAGR of 5.98% over the forecast period as the scope and its applications are rising enormously across the globe. Imaging chemicals are mainly used in traditional photographic imaging technology like industrial and medical X-Ray imaging, litho-plate production, and customer photography for the graphic arts industry.

The factors that are playing a major role in the growth of market are rising demand in the medical sector, increasing consciousness regarding the benefits of organic pigments, growing government investment, and rising use of enhanced technologies. However, the presence of alternatives may restrain the overall market in the years to come. Imaging chemicals market is segmented based on product type, application, and region.

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Image developers, printing inks, and the other product types could be explored in imaging chemicals in the forecast period. The printing inks sector accounted for the substantial market share of imaging chemicals and is estimated to lead the overall market in the years to come. The reason could be a rise in the textile printing and packaging applications.

The market could be categorized based on application like textile processing, printing & packaging, medical diagnostics, mining, and others that could be explored in the forecast period. Medical diagnostics sector accounted for the substantial market share of imaging chemicals and is estimated to continue its dominance in the years to come. The reason could be the high demand from the medical sector, growing geriatric population, rising government initiative for the development of diagnostic centers, and increasing occurrence of cancer and other cardiac diseases. In addition, the mining sector is estimated to grow at the fastest pace in the years to come.

Globally, North America accounted for the substantial market share of imaging chemicals and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of enhanced diagnostic technologies, high expenditure capability, and the presence of key manufacturers in this region. The United States is a major consumer of imaging chemicals in this region.

Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The aspects that may be ascribed to the growth comprise a growing geriatric population, increasing disposable income, and changing lifestyle. The developing countries like India and China are the major consumers of imaging chemicals in this region.

The key players of the imaging chemicals market are T&K Toka, Fujifilm, Siegwerk Druckfarben, The Eastman Kodak Company, Toyo Ink SC, Vivimed Labs, Sakata Inx, DIC Corp., and Flint Group. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

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Automotive Venting Membrane Market Cost Structure Analysis, Growth Opportunities and Forecast to 2023

29^th March 2019 – The global automotive venting membrane market estimated to grow at a higher CAGR of 4.57% by the completion of the prediction period. The automotive venting membranes offer trustworthy shield from automotive fluids, water, dust, and dirt. Furthermore, they propose numerous profits for example constant working temperature, equalization of greater stream rates of air & force, greater proficiency for elimination of particulate, the obtainability of custom dimensions and the extended life cycle of service.

The automotive venting membrane market on the source of Type of Application could span Sensors, which could be further subdivided into Position Sensor, Oxygen Sensor, Radar Sensor, Humidity Sensor, and others. Motors are further subdivided into Starter Motor, Electronic Pump Motor, Wiper Motor, and others. Electronic Control Units are further subdivided into Power Steering Unit, Engine Control Unit, ABS Control Unit, and other units. The Automotive Venting Membrane market on the source of Type of Nature can be divided into Oleo phobic, Hydrophobic, Hydrophilic.

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The market on the source of Type shows the Manufacture, Profits, Price, Market stake and Development percentage of respective category. The market is divided into Polypropylene [PP] Membranes, e- PTFE and PTFE Membranes, Additional Automotive Venting Membrane, Vent without Backing Material, Adhesive Vents.

The vehicles are furnished with composite electrical arrangements and equipment, for example in-car electronics, rear & front lights, and numerous additional important parts-PTFE Membrane shield these delicate machineries from low-slung air-flow problems, condensation, dissipation of heat and others.

The automotive venting membrane market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage for the duration of the prediction could span North America [U.S.A, Canada, Mexico], Europe [France, Germany, U.K., Italy, and Russia], Asia Pacific [India, Japan, China, Korea, South East Asia, Australia], Middle East & Africa [GCC nations , North and South Africa],South America [Brazil, and others].

By the source of geography, market is likely to be ruled by emerging nations for example India and China. This is credited to the growing populace and suburbanization in these nations. The demand for automobiles is expected to develop more, which, in sequence will increase the demand for automotive venting membranes above the prediction years. The Middle East & Africa and South America are likely to represent minor stakes. But, the demand for automotive venting membranes is likely to raise by more than regular speed in these areas above the following period. The automotive venting membrane markets in areas of North America and Europe are expected to develop by reasonable proportions for the duration of the prediction.

The statement revises Trades in terms of intake of automotive venting membrane in the market; particularly in North America, Europe, Asia Pacific, Middle East & Africa, and South America. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field on the global basis are Donaldson, Saint-Gobain, GORE, Trinity Technology Group, Porex Corporation, Hangzhou IPRO Membrane Technology Co. Ltd., Clarcor Industrial Air, Membrane Solutions LLC, Sumitomo Electric Industries, Ltd., Sterlitech Corporation, Advantech MFS Inc., and Rogers Corporation. Additional notable companies operating in the field are Micro Vent, Clarcor, Sumitomo, and Zeus.

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IoT Analytics Market To Observe an Excellent Progress Owing To Rising Need for Enhanced Analytics and Automation By 2022

27^th March 2019 – The Global IoT Analytics market is estimated to grow at a significant CAGR of 33.39% over the forecast period as the scope and its applications are rising enormously across the globe. IoT Analytics is a technology of data analysis that helps industries or organizations to understand Internet of Things (IoT) data at their disposable, with an aim toward improving business operations, reducing maintenance cost, and avoiding equipment failures.

The factors that are playing a major role in the growth of market are growing need for enhanced analytics and automation and the marvelous growth of IoT. However, data privacy and security concerns may restrain overall market growth in the years to come. IoT analytics market is segmented based on analytics type, component, deployment model, organization size, end user, application, and region.

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Descriptive analytics, predictive analytics, and prescriptive analytics are the analytics type that could be explored in IoT analytics in the forecast period. Descriptive analytics sector is estimated to grow at significant CAGR in the years to come, as rising acceptance of digital technologies and analyzing past data.

Support and maintenance, software, consulting services, services, and other components could be explored in IoT analytics in the forecast period. Software sector comprises network management, sensor data analytics, and IoT gateway analytics. Whereas, services sector comprises professional services and managed services.

 

Cloud and on-premises are the two different deployment modes that could be explored in IoT analytics in the forecast period. Cloud deployment model accounted for a significant market share of IoT analytics and is estimated to continue its dominance in the years to come.

Based on organization size the IoT analytics could be classified into large enterprises, and small and medium enterprises (SMEs). Large enterprises sector accounted for the significant market share of IoT analytics and is estimated to lead the overall market in the years to come. This may be because of the presence of several operating units. Transportation and logistics, manufacturing, telecommunications and IT, retail and e-commerce, energy and utilities, government and defense, healthcare and life sciences, and other end-users could be explored in IoT analytics in the forecast period.

The IoT analytics market may be categorized based on applications like remote monitoring, energy management, IT infrastructure management, predictive maintenance and asset management, building automation, inventory management, sales and customer management, security and emergency management, and others could be explored in IoT analytics in the forecast period.

Globally, North America accounted for the substantial market share of IoT analytics and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in the region, early acceptance of developing and novel technologies, and developed industrial infrastructure.

Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The aspects that may be ascribed to the growth comprise rising acceptance of cost-efficient IoT analytics services and software.

The key players of IoT analytics aarket are Greenwave Systems, Inc., IBM Corporation, Teradata Corporation, Microsoft Corporation, Hitachi, Ltd., Oracle Corporation, PTC, Inc., SAP SE, Salesforce.com, Inc., Cisco Systems, Inc., HP Enterprise Company, Dell Technologies, Inc., and Google, Inc. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

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Cloud Encryption Market Present Scenario & Growth Prospects with CAGR of 34.82% By 2022

27^th March 2019 – Global Cloud Encryption Market is expected to grow at a significant CAGR of 34.82% in the upcoming period as the scope and its applications are rising enormously across the globe. Cloud encryption is a service mainly presented by cloud storage providers whereby text or data is altered using encryption algorithms and is then positioned on a storage cloud. It is a process of transformation of a cloud service consumer’s data into cipher text. It is almost identical to in-house encryption.

The factors that are playing a major role in the growth of market are strict government policy against acceptance of cloud encryption among several verticals, propagation in the acceptance of cloud technology, and growing demand from several enterprises. However, issues related to the performance and high cost may restrain overall market growth in the years to come. Cloud encryption market is segmented based on component, service model, organization size, vertical, and region.

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Planning and consulting, solution, training and education, service, and support and maintenance are the components that could be explored in cloud encryption in the forecast period. The solution sector accounted for the significant market share of cloud encryption and is estimated to lead the overall market in the years to come. In addition, the service sector is estimated to grow at highest CAGR in the years to come.

Based on the service model, platform-as-a-service, infrastructure-as-a-service, and software-as-a-service classify cloud encryption market that could be explored in the forecast period. The infrastructure-as-a-service sector accounted for the significant market share of cloud encryption and is estimated to continue its dominance in the years to come. Small and medium-sized enterprises (SMEs) and large enterprises are the organization size that could be explored in cloud encryption in the forecast period.

The market may be categorized based on verticals like aerospace and defense, banking, financial services, and insurance (BFSI), retail, healthcare, telecom and IT, government and public utilities, and others could be explored in the forecast period. The telecom and IT sector accounted for the significant market share of cloud encryption and is estimated to lead the overall market in the years to come.

Globally, North America accounted for the substantial market share of cloud encryption and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in this region, developed R&D sectors, and high focus on security technologies and innovations. The United States and Canada are the major consumers of cloud encryption in this region.

Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The aspects that may be ascribed to the growth comprise growing acceptance of cloud technology within organizations. The developing countries like India and China are the major consumers of cloud encryption in this region.

The key players of cloud encryption market are Skyhigh Networks, Thales e-Security, Symantec Corporation, Gemalto N.V., Netskope Inc., HyTrust, Inc., CipherCloud, and Sophos Group Plc. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition. 

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Embedded Analytics – Comprehensive Analysis On Forthcoming Development And Forecast By 2025

27^th March 2019 – Global Embedded Analytics Market is expected to grow at a significant CAGR of 14.76% in the upcoming period as the scope and its applications are rising enormously across the globe. Embedded analytics is the process of integration of business intelligence (BI) tools and skills into business software, including financial systems, customer relationship management (CRM), marketing automation, and enterprise resource planning (ERP). It is mainly entrenched with transactional process systems and applications.

The factors that are playing a major role in the growth of embedded analytics market are growing demand to integrate analytics with business applications, growth in data-driven organizations, and increasing acceptance of self-service analytics. However, the lack of skilled personnel’s and the management of data security and quality are the factors that may restrain overall market growth in the years to come. Embedded analytics market is segmented based on component, business function, deployment model, organization size, end-user, and region.

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Services and software are the components that could be explored in embedded analytics in the forecast period. The services sector comprises professional services and managed services. The services sector accounted for the significant market share of embedded analytics and is estimated to lead the overall market in the years to come. Based on business function, human resources, IT, finance, marketing & sales, production, and others could classify embedded analytics in the forecast period.

On-demand and on-premises are the deployment model that could be explored in embedded analytics in the forecast period. On-demand (cloud-based) embedded analytics sector is estimated to grow at highest CAGR in the years to come. The reason behind the overall market growth could be its features like time-efficient and cost-efficient. Large enterprises and small & medium-sized enterprises (SMEs) are the organization size that could be explored in embedded analytics in the forecast period.

The market may be categorized based on end-users like transportation and logistics, banking, financial services, and insurance (BFSI), media and entertainment, telecommunications and IT, media and entertainment, retail and consumer goods, energy and utilities, healthcare and life sciences, government, manufacturing, and others could be explored in the forecast period. Banking, financial services, and insurance (BFSI) sector accounted for the significant market share of embedded analytics and is estimated to continue its dominance in the years to come.

Globally, North America accounted for the substantial market share of embedded analytics and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in this region, developed R&D sectors, and focus on innovations and enhanced technologies. The United States and Canada are the major consumers of embedded analytics in this region.

Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The aspects that may be ascribed to the growth comprise government initiatives like smart cities across the APAC countries and rising acceptance of smart technologies and internet of things.

The key players of embedded analytics market are Yellowfin International, Microsoft Corporation, OpenText, IBM, QlikTech International, SAP SE, Logi Analytics, SAS Institute, Sisense, Oracle Corporation, TIBCO Software, MicroStrategy Incorporated, Birst, and Tableau Software. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

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Bot Services Market Investigation by Application, Technology and Development Analysis Report By 2025

27^th March 2019 – Global Bot Services Market is expected to grow at a significant CAGR of 28.49% in the upcoming period as the scope and its applications are rising enormously across the globe. Bots are computer assistants that answer questions and help to get things done faster. It allows managing, building, monitoring, connecting, deploying, and testing bots from a web browser without a separate editor.

The factors that are playing a major role in the growth of the market are the availability of cost-efficient bot services, beginning of cloud bot-as-a-service, growing number of users on social media, and rising use of highly enhanced tools like natural language processing and artificial intelligence. However, lack of reluctance and awareness among customers regarding the use of bot services and accuracy issues related to bot services are the factors that may restrain the overall market in the years to come. Bot services market is segmented based on service, deployment channel, mode, end-user, and region.

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Platform and framework are the services that could be explored in bot services in the forecast period. Platform sector accounted for the significant market share of bot services and is estimated to lead the overall market in the years to come. The reason could be acceptance of bot services by large, medium, and small enterprises. Based on the deployment channel, mobile applications, websites, social media, and contact center and customer service could classify bot services in the forecast period.

Video, text and rich media, and audio are the modes that could be explored in bot services in the forecast period. Text and rich media sector estimated to account for the significant market share in the years to come, as it is an effective mode for customers to interact with bots. The reason behind the overall market share could be an enhancement in machine-learning technology, NLP, and AI and growing number of social media users.

The market may be categorized based on end-users like real estate, banking, financial services, and insurance (BFSI), travel and hospitality, retail and e-commerce, education, healthcare, government, media and entertainment, telecom, and others could be explored in the forecast period. Banking, financial services, and insurance (BFSI) sector accounted for the significant market share of bot services. In addition, the government sector is estimated to grow at the fastest pace in the years to come.

Globally, North America accounted for the substantial market share of bot services and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers of bot services in this region, distinct and skillful frugality in terms of Gross Domestic Product (GDP), and early acceptance of the enhanced technology. The United States and Canada are the major consumers of bot services in this region.

Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The aspects that may be ascribed to the growth comprise an increasing number of social media users. The developing countries like India and China are the major consumers of bot services in this region.

The key players of the bot services market are Oracle, Amazon.com, Microsoft, IBM, Google, Facebook, Nuance Communications, Rasa Technologies GmbH, Aspect Software, Next IT Corp., Inbenta Technologies, and CogniCor Technologies. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

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Aerospace Robotics – Global Expansion, Popular Trends & Technological Advancements By 2025

27^th March 2019 – The Global Aerospace Robotics Market is expected to display higher growth rate over the next seven years. The market is subject to witness a substantial growth due to the growing demand for robotics & automation in aerospace industry, rising adoption of robots for efficient aircraft production, and increasing implementation of aircraft orders backlog. Additionally, higher labor costs is expected to augment market demand for aerospace robotics over the forecast period. Globally, the market is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the aerospace robotics market.

Rising adoption of automation and robotics in production of aircraft carriers has changed overall outlook of the aerospace robotics industry since the last decades. Additionally, increasing number of initiatives taken by the regional governments to promote use of automation in manufacturing processes are likely to boost the sales of aerospace robots. Such initiatives by regional governments include tax exemptions and tax cut, thus reducing overall of manufacturing cost and elevating the manufacturing opportunities for industry players across the globe. These factors are anticipated to drive growth of the automotive robotics market in upcoming years.

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Articulated robotics is one of the fastest growing segment in market with highest revenue generation in the recent years. Increasing adoption of the articulated robot is credited to its numerous advantages such as flexibility and degree of freedom. Articulated robots are primarily used in application involving large-scale assembly line of aerospace robots with six axes movement.

Some of the application of articulated robots in production of aircraft include welding, material handling, dispensing and material separation. These robots are specifically designed to perform required task in restricted period. Increasing number of application of automotive robots in industrial manufacturing processes is key factor responsible for the growth of the market. Application of these robot changes in accordance with the industry applications. Increasing adoption of robotics in automotive industry is credited to rising application of robots in different aspects of the production line due to their large-scale work envelope.

Early adoption of the aerospace robotics in supply chain operation leads to minimum production delays. Aerospace industry need to follow specific period during manufacturing processes coupled with process control at each step in the production line. Thus, adoption of aerospace robotics has become vital in the recent years. Such factors are anticipated to spur market demand of aerospace robots over the coming years.

The market is broadly categorized into four major segments based on the application type such as drilling & fastening, inspection, welding, and painting & coating. The drilling & fastening is considered as one of the fastest growing segment in the aerospace robotics market with substantial revenue generation in the last few years.

Growing popularity of aerospace robots in the drilling & fastening segment is attributed to the increase in production activities and higher efficiency of the aerospace robots. The painting & coating segment has also witnessed substantial growth due to enhanced performance capability and cost-effectiveness.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in the aerospace industry, increase in the number of aircraft manufactures in the region, and existence of well-established industrial infrastructure.

Asia-Pacific region is predicted to hold major market share in the aerospace robotics market with massive growth in forecast period. Countries such as India, China and Japan are leading the Asia-Pacific market with strong economic growth in the region, growing domestic manufacturing, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the aerospace robotics market are KUKA AG, FANUC Co., ABB Group, Yaskawa Electric Co., Electroimpact, Inc., Oliver Crispin Robotics Ltd., and Universal Robots A/S.

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