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IoT Enable Industrial Valves Market Insights By Type (Ball Valve, Needle Valve, Check Valve, Diaphragm Valve), By Industry (Oil & Gas, Power, Chemicals, Food & Beverage, Medical) Forecasts to 2025

Industrial valves are used in nearly all industry verticals. Key end use industries of valves are oil & gas, water & wastewater, energy & power, chemicals, pharmaceuticals, food & beverages, healthcare, pulp & paper, mining and building & construction. Generally, valves are used in these industry verticals to monitor and regulate media flow passing through various processes. As these media are backbone of above mentioned industry verticals, valve plays an important role to utilize these medias optimally. Integration of IoT in valves industry could be beneficial to implement predictive maintenance in mainstream operations of these end use industry verticals. Maintenance, Repair and Overhaul (MRO) operations of industrial plants could also use IoT enabled valves to minimise their operation expenditure (OPEX). IoT enabled valves will also help industry players to minimise their plant downtime by 24X7 valve monitoring. In adoption of IoT enabled valves reliability factor of end use industry players is extremely crucial factor. At present, oil & gas, mining and energy & power end use industry vertical players are reluctant to use IoT enabled valves, due to chances of data theft and fraudulent handling of key processes of plant. Increasing incidences of cyber thefts is posing strong hurdle for IoT enabled valves to prove their usability in mainstream operations. However, increasing focus of key industry players like Metso and Emerson on strengthening cyber gateways will help this market to grow in upcoming years. Adoption of IoT enabled valves will change the dynamics of industrial valve market. This industry is product driven from its inception. Contribution of service offerings in industrial valve market is expected to increase after penetration of IoT enabled valves. Services like monitoring, data analysis and wireless infrastructure maintenance and deployment will disrupt industrial valve market in next 5 years. Amalgamation of valve industry players and IoT service providers will be an interesting trend to analyze in this market space after 2022. North America will be early adopter of IoT enabled valves. Strong foothold of chemicals, oil & gas, energy & power, pharmaceuticals and mining end use industry vertical will help this region to dominate this market space for next 4 years. However, after 2022 APAC will surpass North America in this market owing to huge production capacities of China and India for crucial markets like pharmaceuticals, mining and chemicals. Middle East will most important region to promote IoT enabled valves in oil & gas industry. Key players like Saudi Aramco and Qatar Petroleum will play crucial role in driving the adoption of IoT enabled valves in oil & gas industry. ...

 01/25/2018 |  Service & Software

Global Sales Performance Management Solutions Market By Type (Could, On-Premise), Application (Cloud, Incentive Compensation Management, Territory and Quota Management, Sales Planning and Monitoring, Sales Pipeline Management, Sales Forecasting and Sales Performance Analytics) Forecasts to 2025

Global Sales Performance Management (SPM) market size will reach 1,310.0 million USD by 2025, from 920 million USD in 2018, at a CAGR of 4.52% during the forecast period. The growth in the market is expected to be driven by need for increased sales force efficiency by conducting a streamlined and predefined order management process, and reducing the customer churn by Reduce customer churn by improving information flow on order status and tracking the continuous demand for the products. The cloud based SPM products are expected to grow at a higher rate as the cost of adoption is much lower and the benefit it brings to the organizations is visible in the sales force effectiveness. The SPM Market is growing with increasing features include Advanced workflow notification, analytics, dispute resolution, digital assistant/ bots, mobile readiness, gamification, integration with multiple information sources systems. The North American region captured the largest share in the Sales Performance Management (SPM), followed by Europe and APAC in 2018. The SPM market in North America is accelerating with the maturation of new technologies and providing real-time analytics, and recommendations based on machine learning. The major SPM providers in the North America market include SAP sales Cloud, IBM, NICE, Vistex, Xactly, Anaplan, Optymyze, Payscale, Core-Compensation, and Terralign. In 2018, the Incentive Compensation Management segment is estimated to capture the largest share growing at a CAGR of 3.68% from 2018 to 2025. By deployment type, in 2018 the On-Premise based deployment accounted for the largest market for SPM in 2018 with a share of 67.34%, led by the increasing demand for SPM products to increase the sales capacity in Large and mid-size organization. The market for cloud based products is increasing as the Cloud adoption is accelerating and demand is expanding across segments. The market for SPM market is intensely competitive and dominated by a few vendors. Majority of the Market is dominated by the top four companies SAP Sales Cloud, Oracle, IBM, Xactly, and NICE with or over 45% of the global sales performance Management market in 2018. The vendors in the SPM market compete based on product portfolio, product differentiation, and the pricing of products. The rise in technological innovations in the design of the products is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features into their products. In addition, the market is expected to be consolidated over the years with strategies, such as collaborative partnerships, mergers & acquisitions, and market expansions. The market for cloud based SPM products is having high adoption across the verticals as they are low cost and easy to adopt. The manufacturing vertical accounted for the largest market for SPM products in 2018 with a share of 15%, led by the increasing adoption of cloud based SPM products for sales effectiveness and convert the leads to revenue efficiently. The report provides an analysis on the types of Sales Performance Management products across different applications and regions. It aims at estimating the market size and future growth potential of the market across different segments such as type, vertical, deployment modes, organization size, and regions. Furthermore, the report includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies. ...

 01/23/2018 |  Service & Software

Global Digital Lens Market, By Type (Progressive Lenses, Single Vision Lenses, Camera Lenses), By Application (Camera, Eye Care and Others), Company (Essilor, ZEISS, Olympus, Nikon, Volk Optical, Canon, Fujifilm)-Global Trends & Forecasts Upto 2025

The Digital Lenses market was valued at 8,659.08 Million US$ in 2017 and is projected to reach 11,777.13 million US$ by 2025, at a CAGR of 3.27% during the forecast period. The growth in the market is expected to be driven by the continuous demand for digital progressive lenses across the globe followed by the steady demand for digital camera lenses. Europe accounted for the largest market for digital lenses, followed by the U.S. Europe and the U.S. accounted for more than half of the global market for digital lenses in 2018. The market for digital lenses is expected to reach 9,401.19 million USD in 2018, representing an increase of 8.57% over the previous year. Eye care accounted for the largest market for digital lenses in 2018 with a share of 77%, led by the increasing demand for digital progressive lenses across the globe. The market for progressive lenses is expected to be fuelled by the increasing awareness about the eye health and rising disposable income in the developing countries. The market for digital lenses is also fuelled by the demand for interchangeable camera lenses and lenses for automotive cameras. Some of the major trends in the digital lens market are the sales of lenses on ecommerce (online purchases) have been increasing significantly and represent about 8% of the total sales. Several companies have been focusing on developing new tools, such as web/social media listening, online communities, selfie videos to get consumer insights. Emerging applications such as automotive industry (for AD/ADAS applications), industrial applications such as surveillance and safety applications which require higher resolution lenses would create an opportunity for digital lenses. The market for digital lenses used in eye care and camera applications is highly concentrated among top five players which accounted for about three-fourth of the global market in 2016, 2017 and 2018. Acquisitions, collaborations, and partnerships have been the major strategies by these companies to increase the market share in the digital lens market. ZEISS, Nikon, Essilor, Volk Optical, Canon, Fujifilm Global, Hoya Vision, Kodak, TAMRON, Sigma Corporation, Rodenstock, Shamir Optical Industry Ltd. are the leading players in the digital lens market. ...

 01/23/2018 |  Service & Software

Global Instrumentation Valves Market By Type (Ball Valves, Needle Valves, Toggle Valves, Ultra clean Valves), Fittings (Single Ferrule, Double Ferrule, Pipe Fittings, Flare Fittings), (Application ( Oil & Gas, Chemicals, Waste Water, Food & Beverage, Power, Semiconductors)-Global Trends & Forecasts to 2025

Instrumentation valve and fittings market is dominated by oil & gas, food & beverages and chemicals industry. Instrumentation valve and fittings market is used in these industries to monitor and control the flow of media by adjusting flow rates of pipelines. Cyclical nature of oil & gas industry, reduction in Average Selling Prices, brand focused nature of industry and shrinking profit margins due to rising cost of raw materials restricting the growth of global instrumentation valves and fittings market. However, this market is expected to witness considerable demand traction in coming 6 years due to growth in fracking, rising production of oil & gas and chemical industries, increasing demand of aseptic instrumentation valves in pharma, semiconductor and medical industry. APAC holds leading position in Instrumentation valve and fittings market, owing to huge chemical production plants in China and Japan. Developing economies of APAC like India and Taiwan will help this region to dominate its presence in instrumentation valve and fittings market. Semiconductor industry is expected to witness highest growth rate in instrumentation valve and fittings market. Increasing penetration of electronics devices and rise in semiconductor fabs and production plants will help this industry vertical to be key investment pocket for instrumentation valve and fittings market. As a result of such lucrative opportunities Taiwan and South Korea will be key countries for semiconductor related instrumentation valve and fittings market. Circor, Hy-lok, Swagelok, Ham-Let and Parker Hannifin are leading players of instrumentation valve and fittings market. Key strategies adopted by these players are new product development and business expansion. In next 6 years, increasing R&D investments will be the key strategy for key industry players of instrumentation valve and fittings market. ...

 01/23/2018 |  Service & Software