SDN market to witness a staggering growth of 54% CAGR over 2017-2024, increasing adoption of advanced software facilities by IT companies to drive the industry trends
The telecommunication sector is probably embarking on a transformational shift in recent years. Software Defined Networking (SDN) market is deemed to be a major stipendiary of this transition. Telecommunication networks, apparently, have migrated from traditional hardware and appliance centric deployment to cloud based model, with software playing a pivotal role in network functionality. The increasing popularity of SDN industry can be majorly attributed to this fundamental aspect. Software defined networking emerged as an advanced architecture paradigm, amalgamating different technological capabilities applied to management of network functions, design, and service platforms. Pertaining to these benefits, numerous IT service companies have been feverishly changing their perspective toward adoption of software-based solutions for resolving several business challenges, which in a way is impelling SDN industry share. As claimed by Cisco in its latest Cloud Index report- over 67% of all data centers would adopt SDN technology partially or fully by the end of 2021, a sharp rise from what it recorded in the year 2016 which was only 16%.
SDN Market Share, By End-Use, 2016
Unveiling some of the latest events witnessed in the competitive landscape of SDN market:
- Cradlepoint, one of the formidable players in SDN market, has recently made it to the headlines with the launch of its NetCloud service package, that reportedly includes advanced IBR1700 mobile router. Reportedly, this newly designed solution package for its NetCloud platform, brings the benefits of SD-WAN (Software-Defined Wide-Area-Network) to LTE mobile networks for transit operators, first responders, and other fleet-based organizations. As claimed by the cloud-4G network service provider, the new solution is in compliance with the security and performance requirements of FirstNet, the independent authoritative entity under NTIA within U.S.
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- In a bid to reinforce its position in SDN market, Orange Business Services has recently signed a collaborative agreement with Cisco. Apparently, in consequence of this deal, the former is planning to showcase the onboarding of Cisco’s SD-WAN virtual network function on Cisco ENCS (Enterprise Network Compute System). In fact, with the aforementioned platform under its belt, Orange Business Services’ customers would gain a fully functional visualized solution for their network services, as a part of Orange universal CPE offering. The proposition is certain to aid Orange Business Services to establish its stance in SDN industry, especially when the firm has been inclining readily toward intent-based networking and software-defined networking.
- The U.K. based telecommunications behemoth, Colt Technology Services, has apparently declared its plan of expanding its On Demand SDN service across APAC belt. Powered by Colt IQ Network, the firm’s On Demand SDN services are characterized by high flexibility, real-time bandwidth variation, and agility. Making a profound headway in APAC SDN market share with the successful launch of these services in Japan, Colt is planning to introduce the same On Demand SDN services in Hong Kong and Singapore as well in the second quarter of this year.
Tremendous technological interventions in the telecom sector have evidently narrowed the gap between developing and developed nations, giving SDN industry players lucrative opportunities to extend their geographical reach. However, considering the immense investments by U.S. telecom service providers in software defined networking, the regional SDN market has undoubtedly turned out to be hotbed for potential investors. For instance, American telecom giant AT&T has recently poured in USD 200 million to support startups that mainly focusses on promoting SDN technology and connected services. These kinds of hefty investments toward integrating new age software facilities in the existing telecommunication network is certain to leave a positive impression on U.S. SDN market size.
Speaking of its commercialization potential at the global scale, overall SDN industry size is forecast to exceed a valuation of USD 88 billion by 2024. With incessant efforts undertaken by the tech giants to unlock software-based technology potentialities in telecommunication industry, which has, of late, become more insight driven, SDN market demand is claimed to be on a robust incline. In fact, looking at the pace of advancements and expansion in its application spectrum, this particular business vertical is deemed to be one of the most fascinating spheres to watch unfold, claim analysts.
Author Name : Satarupa De
Computer engineering market to accrue substantial gains from automotive applications, IoT to majorly influence the industry dynamics
Endorsed by plethora of technological interventions, computer engineering market has been one of the fastest developing verticals of electronics & media industry. The concept of computer engineering dates back its commercialization in the late 30s when John Vincent Atanasoff and Clifford Berry began developing the world’s first electronic digital computer. Computer engineering market, since then, is on the verge of continuous developments with regards to software and semiconductors advancements & progressions. Over time, the robustly expanding demand for high computing capacity and IT centralization has significantly led the focus on enhancing the efficiency of systems, which as per analyst, brought a renewed dynamism in the computer engineering industry. In fact, according to reliable reports, the global computer engineering market size was valued to be over USD 1800 billion in 2016.
Europe Computer Engineering Market, By Product Functionality, 2016 & 2024 (USD Billion)
Speaking of the industry drivers, the growing appetite for upgrading present day technologies is slated to revolutionize the computer engineering market trends. IOT and connected devices, the two most buzzing trends of the technology world, are speculated to leave a humongous impact on this business fraternity. The fact can be validated from the increasing penetration of these devices in a slew of industry verticals such as automotive, healthcare, retail, manufacturing, etc. Elaborating on the growth potential of computer engineering applications in medical field, it won’t be far that tomorrows digital stethoscope could function as an “intelligent thing” by collecting real-time data, treatment information, data related to diagnosis, and an AI powered physician assistance app.
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Contemplating on these wide-ranging applications of computer engineering industry, it goes without saying that the technology is set to change the whole idea of how people live. One prominent example of how the technology will extensively penetrate people’s daily life are smart vehicles – a classic explanation of computer engineering industry proliferation in automotive domain. Needless to mention, autonomous driving has quickly become a reality, thanks to software and hardware boom in computer engineering industry. In order to provide high levels of connectivity in the smart vehicles, it is a mandate for the vehicles to be equipped with significant amount of computing devices. In essence, given the rapidly-expanding demand for efficient products such as the micro controllers and connected devices, the automotive application is expected to draw lucrative profits for the computer engineering industry in the years ahead. A significant fact validating the authenticity of the aforementioned fact is of a report published by ON Semiconductors that claimed more than 34% of its revenue to be generated via automotive applications.
NVIDIA is another renowned name depicting the strong profitability potential of computer engineering industry players from automotive sector. Needless to introduce, the company has far expanded its application scope in the recent trend of driverless cars by providing AI computer systems to enable self-driving capabilities. The firm has recently hit the news headlines pertaining to its collaboration with a German automobile parts supplier Continental to build an autonomous vehicle system that is slated to tap the market by 2021. The deal is indeed a vivid instance of the conjoint efforts of automotive and computer engineering market players to bring a revolution of sorts in the automotive domain by putting the much-awaited self-driving cars on roads.
Delving deeper into the application landscape of computer engineering industry, it is undeniable that the market is expected to witness versatile growth opportunities – chiefly on the cusp of IoT technology that is practically disputing every business vertical. It has been estimated that the economic impact of the IoT is expected to reach a mammoth valuation of over USD 11 trillion by 2025. The statistic clearly depicts the vast growth potential for computer engineering market players to bring forth high-end products that would be compatible with the rising IoT influenced trends such as the smartwatches, smart homes, digital healthcare, drones, etc. Taking into consideration these technological interventions, industry experts claim computer engineering market to remain one of the most lucrative investment grounds for potential stakeholders. A presumption validating the same is of a report published by Global Market Insights, Inc., that claims computer engineering market to exceed an enormous valuation of over USD 2.5 trillion by 2024.
Author Name : Ojaswita Kutepatil
Geofencing market to witness a staggering CAGR of 28% over 2017-2024, retail sector to drive the application landscape
With evolving emphasis on location-based marketing in retail space, geofencing market has indeed gained a widespread recognition in the mainstream tech cosmos. Over the recent years, it has been observed that the share battle between online and offline business platforms is intensifying. As a result, bricks and mortar giants have been increasingly looking for ways to implement e-commerce alternatives, the fundamental factor that has impelled geofencing industry share. Quite comprehensible from the terminology, geofencing is a service that, via an app utilizes RFID or GPS technology to increase the virtual boundary around a particular geographic location. Apparently, the technology is being extensively deployed in retail stores nowadays in an attempt to enhance in-store consumer experience. In fact, on grounds of its far-reaching acclaim, numerous tech behemoths have been trying their hands with the technology in recent years, attempting to bring forth a slew of innovative applications in geofencing market.
Geofencing Market Size, By Application, 2016 & 2024 (USD Million)
Unveiling geofencing market trends with reference to its application landscape:
- American Eagle, one of the renowned clothing and accessories retailers, in the year before last, launched a groundbreaking reward scheme for its customers to encourage purchase. Reportedly, the U.S. headquartered company has utilized geofencing technology to create this app, which in a way is pushing consumers to add more items in their shopping carts to see what they can receive in return. Since the strategy compels the users to at least consider the items that might be otherwise left on the rail, the probability of more purchases undoubtedly increases. This absolutely innovative strategy applied by the American retail giant grabbed the headlines back then and has been stamped as a benchmark in geofencing market growth.
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- 2016 has indeed been a breakthrough year for geofencing market, with leading food giants striving hard to exploit the potentialities of this technology in their business model. McDonalds, for instance, had started incorporating geofencing service in its mobile app for optimizing the food preparation time. Sources claim, the fast food giant’s decision of implementing this app comes in the wake up of long wait queues in front of McDonalds outlet and amidst the chances of receiving cold food. The geofencing based app designed by the company aptly detects when the customer gets closer to the counter and simultaneously alerts the staff to start preparing the order. Needless to mention, growing deployment of these kinds of innovative technologies have enhanced instore consumer experience, which by extension has stimulated geofencing market expansion.
The application matrix of geofencing industry is not just replete with retail domain, though it is undeniable this sector is a lucrative growth avenue for the entire business space. Besides, retail space, geofencing market share stands to gain much from security and defense applications. Numerous companies participating in the business space have been creating a whole hog to bring about significant advancements in the capabilities of this solution with enhanced integration and accuracy functionalities. In this regard, China has recently made it to the headlines with the announcement of its decision of integrating geo-fencing based facial recognition system for security and surveillance in Xinjiang. Reportedly, these geofencing tools alert authorities when targeted people venture 300 meters beyond the designated safe area zone. These kinds of appreciable efforts undertaken by tech giants and governmental bodies toward promoting geofencing technology is certain to bring forth a plethora of opportunities for geofencing industry participants in the coming years. Validating the declaration is the estimate by Global Market Insights, Inc. that forecasts the global geofencing market to surpass a valuation of USD 1.7 billion by 2024.
Author Name : Satarupa De
A comprehensive overview of pressure sensitive adhesives market: acrylic-based products to witness heavy demand over 2017-2024
An innate verticals of the polymers space, pressure sensitive adhesives market has lately established itself as quite a lucrative business space in the overall adhesives domain. Undeniably, this growth can be credited to the fact that this product is one of the most recognized adhesive due to its ability to generate an instant bond under light pressure without the requirement of any activation provided by solvents, heat, or water. Pressure sensitive adhesives are apt at permanently fusing dissimilar materials with the resultant cohesive bond being so strong, that it does not easily fall apart. In consequence, pressure sensitive adhesives industry has witnessed tremendous growth over the years, through the product’s usage in labels and tapes across the automotive, packaging, electronics, and healthcare sectors. The ease of use, convenience, and cost effectiveness of the product have further contributed toward making pressure sensitive adhesives market a rather viable investment ground.As on today, the presence of pressure sensitive adhesives is almost all pervasive, since the product is used practically across myriad everyday applications. Right from package labels and graphic films to car exterior decorations, these adhesives seem to have become commonplace, thus providing a boost to pressure sensitive adhesives industry. However, the technology used to manufacture these pressure sensitive adhesives as well as the base product used for the process of manufacturing causes a noticeable difference in the end product – a factor that has a major impact on pressure sensitive adhesives market size.
U.S. Pressure Sensitive Adhesives Market Size, by Product, 2013 – 2024 (USD Million)
Among the various types of pressure sensitive adhesives, rubber and acrylic based adhesives are the most common. Rubber-based pressure sensitive adhesives industry was valued at close to USD 2 billion in 2016 – almost one third of the valuation of the overall pressure sensitive adhesives industry the same year. Rubber-based pressure sensitive adhesives are mainly used for indoor applications due to their low UV and chemical resistance, making them favorable to be used in tapes and labels, two of the most pervasively used pressure sensitive adhesives. Acrylic-based pressure sensitive adhesives market size, on the other hand, was pegged at nearly USD 1.7 billion in 2016 and is predicted to witness a 5% CAGR over the period of 2017-2024. Acrylic based pressure sensitive adhesives are relatively more expensive than their rubber counterparts, but also perform better with the bond improving over time and the adhesive having enhanced tack and sheer qualities.
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According to the performance of pressure sensitive adhesives, different adhesives are used for different industries. The packaging industry widely uses weaker pressure sensitive adhesives because of the convenience the product offers coupled with the attraction it adds to the package without damaging its visual appeal. As pressure sensitive adhesives do not require heat for application, are less intrusive with brand image, instantly bond, and are compatible with numerous substrates, pressure sensitive adhesives market outlook has witnessed a major change of dynamics from the packaging sector.
Besides packaging, the automotive and transportation industry has also largely adopted pressure sensitive adhesives because of its favorable properties such as compatibility with a host of substrates, maintenance of integrity during automated processes, less time consumption, and assistance in eliminating the process of drilling and mechanical fastening. The large expanse of automotive industry has inevitably provided a huge profit base to pressure sensitive adhesives market.
Technological developments have provided a major impetus to pressure sensitive adhesives market. For instance, since the automotive industry requires adhesives that can resist extreme heat, pivotal pressure sensitive adhesives industry firms have conducted numerous R&D programs to come up with a new, unique product. This adhesive is a high temperature resistant acrylic pressure sensitive adhesive that can withstand temperature of up to 400°F as compared to other acrylic pressure sensitive adhesives that can withstand temperatures of only up to 325°F. Many such research and development programs are still on the radar, that will help manufacture adhesives that are more suited to different applications. Eventually, this would provide a major boost to the overall pressure sensitive adhesives market, the size of which is likely to surpass USD 11 billion by 2024.
Author Name : Paroma Bhattacharya
Ultra-low temperature freezers market to exceed the 210-million-dollar mark by 2024, fueled by extensive product demand from medical laboratories and healthcare facilities
The field of medical science has indeed witnessed robust expansion lately, providing a significant impetus to ultra-low temperature freezers market trends. Extensive research involving samples that require meticulous storage has led to an upsurge in product demand, spurring ultra-low temperature freezers industry size. Since the last decade, numerous studies are being carried out to solve the mysteries of incurable diseases like cancer and AIDS that have threatened the well-being of the global population. In consequence, collected samples for tests and clinical trials need to be stored in appropriately low temperatures to maintain their original state for extended periods. This requirement thus, ultimately has helped reshape the dynamics of ultra-low temperature freezers industry. Exponential improvement in testing technologies has also triggered widespread pursuit of genomic research in order to resolve unknown queries related to the human DNA and genetics, further stimulating ultra-low temperature freezers market share.
China Ultra-Low Temperature Freezers Market, By Type, 2013 – 2024 (USD Million)
Massive exploration in the medical field is rapidly phasing out chlorofluorocarbons that have been damaging the earth’s stratospheric layer. In consequence, firms partaking in the ultra-low temperature freezers market share have come up with specially designed products for sophisticated testing and are equipped with CFC free cooling compressors. Thus, this business sphere is also contributing to lowering atmospheric pollution in spite of the fact that the power consumption of ultra-low temperature freezers is rather high. The cooling compressors on ultra-low temperature freezers are designed with washable condense filters and aerodynamic fans that help in keeping out dirt and dust. This has enabled greater preference for these products in critical medical situations, boosting ultra-low temperature freezers market share.
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Maintaining low temperatures is rather important for the storage of chemicals, blood, tissue culture and other clinical trial samples that are required for various industrial and medical purposes. As these freezers maintain temperatures lower than -60°C, in addition to maintaining variable low temperatures whenever required, ultra-low temperature freezers industry has witnessed tremendous expansion in recent times. Thus, these products not only help in halting the chemical processes that would naturally occur in organic samples causing degradation, but also facilitate the usage of products even after they have been left in the freezer for as long as 25 years, providing further impetus to ultra-low temperature freezers market size.
In 2016, blood and blood products accounted for the largest share in ultra-low temperature freezers industry. This growth can be primarily credited to the rising awareness regarding blood donation and requirement of blood storage in ultra-low temperatures.
The year 2012 brought in a change of dynamics in ultra-low temperature freezers market, when Hurricane Sandy badly affected the East Coast. Apparently, numerous research professionals had then packed research samples on dry ice for safe keeping. Considering the paramount importance these samples hold, it is undeniable that ultra-low temperature freezers industry size would be majorly stimulated by the indispensability this product has acquired in medical laboratories, hospitals and pharmacies.
The rapid growth of ultra-low temperature freezers industry can also be credited to major technological developments such as the integration of diagnostic systems in freezers that warn users when the freezer is not operating optimally. Another advancement contributing toward impelling the popularity matrix of this business space is the launch of freezers that use two separate compressors functioning independently, continuing to maintain constant temperature even if one of them fails completely. Players partaking in ultra-low temperature freezers market are also looking forward to enhancing energy consumption by developing freezers that consume 15% less energy. In spite of the high price of these products, increasing investments through both public and private sectors toward drug discovery and development are certain to stimulate ultra-low temperature freezers market outlook over 2017-2024.
Author Name : Paroma Bhattacharya
APAC Aerospace Coatings Market to witness appreciable proceeds over 2017-2024, global share to surpass USD 1 billion by 2024
Aerospace coatings market, of late, has been extensively characterized by a host of contemporary innovations, primarily influenced by the sustainability notion across the globe. Airbus and Lufthansa’s latest collaborative brainchild, ‘sharkskin’ is one of the distinctive examples of the same. Researched at the ZAL Centre of Applied Aeronautical Research, this breakthrough ecofriendly coating for aircraft wings, brought forth by the aerospace giants is claimed to improve the fuel efficiency by reducing the air resistance. In fact, as it is being reported, this riblet coating, which has a structural resemblance with that of a shark skin, may even result in saving kerosene of almost USD 62 million, with a considerable reduction in carbon emission by nearly 200,000 tonnes per year. The technology has already become a subject of pursuit among the potential investors and in all likeliness, would bring a disruption in the overall aerospace coatings industry outlook.
U.S. Aerospace Coatings Market, By Aircraft, 2016 & 2024, (USD Million)
It has been observed that major companies partaking in aerospace coatings industry have been striving with one another to enhance their product portfolio, in an attempt to strengthen their position in the competitive arena. Praxair and GE Aviation, for example, have recently unveiled a new jet engine coating facility for their joint venture business PG technologies. Reportedly, this advanced coating would enable the engine to withstand higher stress and temperature. The opening of this world class coating facility is deemed to unlock the potentials of next-generation coating technologies for the aviation industry. In this regard, it is prudent to mention that PG Technologies is a direct byproduct of Praxair and GE Aviation’s long-standing relationship since over twice a decade and the latest decision of opening up a new unit on advanced coatings is claimed to be in the wake up of GE Aviation’s needs. With over 250 employment opportunity, the 300,000 square-foot jet engine coating facility certainly fall among one of the major investments that both the giants have lately made in the aerospace coatings market, claim analysts.
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Having already accomplished a percentage of supremacy in aviation space, Asia Pacific is certainly one of the profitable growth avenues for the overall aerospace coatings market share. Increasing international trade across emerging economies like China and India, along with heavy cargo and passenger traffic are the two primary determinants driving the regional aerospace coatings market demand. As per a latest report by the International Air Transport Association- China pegs the title of world’s fastest growing aviation industry and is projected to surpass even U.S. market valuation from 2022. In fact, The Civil Aviation Administration of China has recently affirmed that the country would ease investment access to the regional civil aviation market for private and state enterprises from January, next year. Not to mention, these kinds of regional governmental supports in proliferating the aviation sector, is bound to leave a positive impact on the overall APAC aerospace coatings industry, which is forecast to grow at 7% CAGR over 2017-2024.
In this regard, experts believe, emerging economies would prove to an opportunistic investment spot for aerospace coatings market over the estimated time frame, primarily on account of the supply demand gap across these countries. The industry is characterized by strong research investments not only to introduce innovative high-end products but also to collect enough substantiations to certify the results. Nano coatings, for instance, has been gaining an appreciable popularity in global aerospace coatings industry since the last decade, pertaining to the plethora of benefits that it offers such as longer color retention, enhanced resistivity to dirt etc. The ongoing advancements and technological interventions in product designing is anticipated to help aerospace coatings market to shift from a niche vertical to a remunerative business sphere in the years ahead. The conjecture is validated by Global Market Insights, Inc. which claims aerospace coatings market size to enter the billion-dollar frontier by 2024.
Author Name : Satarupa De
Sodium silicate market to hit the coveted 10-billion-dollar frontier by 2024, fueled by a widespread demand for biodiesels
Sodium silicate market, an inherent vertical of the specialty chemicals space, has already established its name in the billion-dollar league, owing to the extensive demand of the chemical compound across myriad end-use domains. Pertaining to the product’s low cost and ease of use, it has been deployed as a detergent, adhesive, cleaning compound, cement ingredient, binder, coagulating agent, and anticorrosive agent in numerous sectors, propelling sodium silicate market size. Indeed, the compound’s widespread and almost all-encompassing presence has facilitated sodium silicate industry to maintain a steady growth graph. The compound is also used as a catalyst, thus generating another profitable growth avenue for sodium silicate market. With continuous research and development programs being conducted to expand the area of application of the compound, it is certain that sodium silicate industry will continue to uphold its profitable position over 2017-2024.Detergents are one of the prime application arenas of sodium silicate industry since decades. This chemical compound is rather to incorporate into the detergent paste and helps in maintaining the viscosity and desired density of the detergent. The product is highly effective in removing spots, neutralizing acidic stains, dispersing proteins and suspending greasy particles in the wash liquid, thus impelling sodium silicate industry size from the detergent manufacturing sector.
U.S. Sodium Silicate Market Size, by Application, 2013 – 2024 (USD Million)
It has been observed that among the varied uses of sodium silicate, the compound is known to efficiently function as a good adhesive. The subsequent deployment of this product as an adhesive has led to a major impetus in the growth graph of sodium silicate market. Sodium silicate adhesives have the inherent ability to easily expand and make contact, forming a rigid layer that is permanent, resistant to tears, and even possesses the capacity to withstand water and heat. The compatibility of sodium silicate adhesives on a varied range of substances like paper, metal and wood besides other materials, has spurred the sodium silicate market share further.
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Of late, sodium silicate has found extensive application as an effective catalyst for the synthesis of biodiesels that have gained popularity as a sustainable fuel. Currently, amidst the backdrop of a scenario where the lookout for alternative fuel sources has become a race against time, manufacturing biodiesels through the transesterification of organic materials has become rather commonplace. In a bid to simplify the process, sodium silicate is used as an effective catalyst, thereby stimulating sodium silicate industry outlook. The ease of procuring the chemical compound has reinforced its position as a catalyst in the transesterification process. As biodiesels will continue to attain increased application in energy generation and alternative fuel source, sodium silicate market trends will continue to witness a dynamic transformation in the ensuing years.
Sodium silicate is used widely in other application domains such as water treatment, casting, coating, textiles, agglomeration, chemical injection, paper treatment and more. In consequence, this would prove to be a rather beneficial for the commercialization graph of sodium silicate market over the next few years. With numerous chemical companies working toward expanding the application scope of this compound, in addition to innumerable research & development programs being conducted to unearth further prospective product uses, sodium silicate market has been forecast to garner commendable profits over 2017-2024.
Author Name : Paroma Bhattacharya