Changing lifestyles of consumers along with growing demand for insulation is expected to drive flooring market growth

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Flooring market size is forecast to exceed USD 400 billion by 2022, at a growing CAGR of 6.8% from 2015 to 2022, according to a new study base report launched by Global Market Insights Inc. Factors like rapid development in infrastructure, changing lifestyles of consumers, and increasing demand for insulation are anticipated to propel demand growth during the projected time frame. Investment in infrastructure and capital projects is expected to witness a substantial growth in next few years. Furthermore, durable and innovative flooring is expected to fuel the market growth by 2022.

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The report features:

  • Overview of the industry, including definitions and classification
  • A comprehensive assessment of the market
  • Facts, thoughtful insights, industry validated and statistically-supported market data
  • Market segmentation on the basis of product, application, geography and competitive market share
  • Market forecasts and estimates for the predicted time frame
  • In-depth analysis with market trends, key participants, company profiles, business strategies
  • Identifies aspects such as drivers, impediments, opportunities and challenges that will impact the market

Flooring forms vital aspect of any residential and commercial structure. Demand for durable, low maintenance, affordable yet visually appealing products has led to innovation in the industry for products that will provide comfort and are value for money.

Flooring Market Size

Soft coverings product segment is likely to hit USD 150 billion at a growing CAGR of 6% during the expected time frame owing to multiple benefits offered including noise-reducing effect, dust-binding characteristics, superior insulation, pleasing aesthetics, etc. Resilient flooring market is expected to be the fastest growing product segment from 2015-2022, at a growing CAGR of 7.5% by 2022.

Residential sector is forecast to continue its dominance in application segments over the predicted period attributed to replacement demand in this sector. Furthermore, commercial segment is expected to surpass USD 170 billion by 2022 over the expected period.

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The report covers analysis on a regional scale. Asia pacific market size is expected to be the top region and hit 180 billion by 2022. The Chinese commercial and residential construction sector is expected to witness the growth. North America market is expected to be worth USD 69 billion in next few years.

Mohawk Industries, Shaw Industries, Interface and Beaulieu of America are the key market participants in the industry profiled in the report. Congoleum, Armstrong World Industries, Interface Inc, Polyfor Ltd, Mannington Mills Inc, and Pergo are some other names in the industry.

Author NameDhananjay Punekar

Increasing usage of mobile devices is predicted to drive bring your own device (BYOD) market growth

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According to new study based Report on Bring Your Own Device by Global Market Insights, BYOD market size worth USD 94.15 billion in 2014 is forecast to reach USD 350 billion from 2015 to 2022. The report provides granular quantitative information on market together with key BYOD industry insights.

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Recently BYOD has been adopted across various verticals including logistics and retail, Telecom, IT, manufacturing, healthcare, public etc.  This surging adoption of this system for enhancing organizational productivity is expected to drive the market growth.

Increasing use of, tablets, and laptops is anticipated to have a positive impact on the market. Furthermore, the  proliferation of smartphones and 4G LTE is expected to fuel the market growth. A smartphone is expected to be the most preferred device, as it simplifies handling of both personal life and office work. The tablet segment is forecast to witness substantial growth over 130 billion in a predicted time frame.

Bring Your Own Device (BYOD) Market Size

Healthcare, financial services and insurance industry segments are predicted to be most key verticals. Moreover, both mid-to-large sized and small scale businesses have started adopting the system and are predicted to further the growth.

The report discusses the in-depth analysis of the Bring Your Own Device industry at the regional level, including India, Korea, Indonesia, Taiwan, Japan, Australia,  China, Singapore, New Zealand, Malaysia, Philippines, and U.S.

U.S. BYOD market is expected to continue its dominance with the largest market share in the projected time frame. Asia Pacific BYOD market share is likely to witness substantial growth, at a growing CAGR of 20% during the expected period owing to lower hardware expenses, and surging smartphone penetration.

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The report covers competitive analysis of the market discussing the profiles, key market strategies of major market players accumulating major market share in the market are: Alcatel-Lucent, Cisco Systems, MobileIron, Good Technology,and IBM Corporation.

Increased productivity owing to growing use of personal devices is expected to trigger the market growth. Possible security threats, including device theft, challenges in tracking data and risk exposure, etc. need to be addressed to support the employees.

The report features:

  • Market Definition for BYOD along with restraints, drivers, challenges, opportunities and adoption of trends in the market
  • Market sizing and forecast
  • Segmentation of competitive market and assessments on a regional scale
  • Distribution channel assessment
  • Analysis with factors influencing the market landscape
  • Competitive Analysis of major market participants, company profiles and strategic activities
  • Pricing and substantiality trends

Author NameDhananjay Punekar

Implementation advantages coupled with rising need to reassess data center infrastructure is anticipated to fuel the integrated systems market

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Integrated systems market size was earlier USD 9.5 billion in the year 2014 and is expected to touch USD 30 billion in 2022 with a CAGR of 15% according to study done by Global Market Insights. Thriving business demand and accelerated challenges in IT sector is projected to upsurge the demand of this market. The dynamic nature of IT industry is full of advancements and innovations. Transformation from mainframe servers to internet computing has changed the way with which customers build, buy, use, and deliver technology. IT & telecommunication integrated systems market report touched USD 2 billion in the year 2014 and is estimated to cross USD 7 billion till 2022.

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Installation along with integration services reached USD 6 billion in the year 2014 and these figures reflect its demand in small, medium and also large-scale industries. It is predicted that increase in demand for change in data center will expedite its growth in coming years. It can also be stated here that increase in requirement for agility and proficiency in industries will also fuel up the market in future. Integrated systems market trends for infrastructure have reached 4.5 billion in 2014 and are estimated to exceed USD 15 billion in 2022, thus bringing decent return on investment for enterprises along with conversion of former data centers into capable, reliable and sustainable operations. These systems comprise of extra software and tailored systems for supporting development of application, storage, integration and testing. It is estimated to rise by 14.8% CGAR in the year 2015 to 2022.

Integrated Systems Market Size

Talking about some figures here, U.S. market is expected to go beyond USD 10.4 billion till 2022. Asia Pacific was noticed USD 2.5 billion in the year 2014 and is likely to maintain continuous rising graph till 2022. Indian market is expected to cross USD 1.6 billion till 2022. Transformation in data center in promising countries like India and China has contributed a lot towards regional growth.

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A significant growth in banking sector is also observed because of this new collaboration. It is projected to touch USD 8 billion in 2022 which was USD 2.8 billon in the year 2014. Moreover, retail industry has accounted 18% of overall share in the year 2014 and is likely to cross 5.8 billion till 2022.

Top industry players like Oracle Corporation, Hewlett-Packard, and IBM emphasize more on collaborations as it accelerates technology exchange, marketing, and development of product. These companies have acquired 50% market share in 2014. Other prominent companies include Accenture, Deloitte, Fujitsu, Cisco, Hitachi and Huawei.

Author NameDhananjay Punekar

Favorable regulatory environment anticipated to boost mobile virtual network operator (MVNO) market revenue

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Mobile virtual network operator (MVNO) market size is forecast to reach USD 85 billion at a growing of 9.6% from 2015 to 2022. Global Market Insights has announced the launch of a new study based report on mobile virtual network operator market. The report provides a holistic approach for the MVNO Market growth with a detailed analysis of the overall competitive landscape of the global market, for the predicted time frame. The report precisely analyzes all the main technologies, trends playing a key role in the Mobile virtual network operator market growth over the predicted period. It features the market dynamics and trends such as restraints, drivers, challenges and opportunities likely to influence the market over the projected timeframe.Surging demand for smartphones, multi SIM ownership, mobile broadband, increased data and VAS usage are anticipated to boost growth.

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MVNO sector offers differentiated services to customers. Its target niche market segments include roaming, retail, business, etc. It operates on a cost-effective operational model, at about 30% to 50% lesser cost as compared to MNOs. The introduction of 4G services in the market is anticipated to benefit the MVNOs with improved speed. Innovative, lightweight and compact devices are likely to drive the market growth.

Mobile Virtual Network Operator (MVNO) Market Size

Europe was accounted as the prime regional market with more than 45% share of the global MVNO market.

The regulatory framework was the key factor to drive the growth in the regional market. The UK, Germany and France boast a strong Mobile virtual network operator base, and are further estimated to exhibit growth over the forecast period. Commercially available LTE networks are anticipated to cover half of the world population by 2017. The industry is likely to take shape in Asia Pacific and is expected to be led by India and China.

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Expertise and lack of awareness among service operators are critical factors to restrain growth over the predicted time frame.

The report features analysis of key market players, company profiles and the strategies and details such as financials, strategic information and recent developments. Telecom regulators in the market have paid attention on the rising competition in the sector to support innovation and control price. Key mobile virtual network operator market players include Lyca Mobile, Virgin Mobile, Freenet Mobile, Poste Mobile and Lebara Mobile. Differentiated and cost effective services are anticipated to favor the industry players.

Author NameDhananjay Punekar

Increasing hygiene awareness among consumers coupled with growth in personal care & cosmetic products demand is expected to drive aerosol propellants market

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Aerosol propellants market share is forecast to hit 13.73 million tons at an annual growth rate of 4.7% from year 2015 to 2022, according to a new study based market report by Global Market Insights. The report features segment, region and application based analysis with insights on market trends, restraints, challenges, opportunities and drivers expected to impact the market size.

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The market growth is attributed to rising awareness for household hygiene like disinfectants, insect repellents and air fresheners and personal care products like deodorant, dry shampoo, hairspray, sheen spray, shine spray, body spray, mousse, temporary hair color spray and shaving cream, etc. among consumers. Innovations and the advent of technology is like to further the growth. The demand in the personal care product segment is forecast to reach 6,700 million units at a growing CAGR of 2.9% during the predicted time frame.

Growth in infrastructure spending and automobile production in various countries has attributed to the growth in demand of paints in construction and automotive sectors and is likely to further industry growth. Health and environmental problems associated with propellants used in aerosol products are likely to restrain industry growth.

Aerosol Propellants Market Size

Industrial and automotive applications are likely to continue the growth trend with anticipated growing CAGR of above 4.5% during the Forecast period. Rising demand for sealants, adhesives, lubricants is expected to propel the industry growth. Hydrocarbon propellants expected to exhibit stable growth by 2022.

The report covers in-depth analysis of the aerosol propellants industry on the regional scale. The market is witnessing substantial growth and is largely driven by regions, including North America, Europe and Asia-Pacific.  Growing demand for cosmetic products in Europe is projected to spur aerosol propellants market growth. Asia Pacific, the market is expected to witness a substantial growth with anticipated gains of 5.6% in the next seven years.

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The report covers the analysis of the key market players, profiles, competitive scenario and business strategies. Strict Government regulations regarding aerosol propellants are discouraging the new market participants owing to considerable amount of investment during the start-up phase. Key market players include Honeywell, Covestro, Harp International, Lapolla Industries, Aeropres Corporation, AkzoNobel, Lapoll and Avalos.

The key topics covered in the report are:

  • Categorization of the global market on the basis of application, region and competitive scenario
  • Volume and revenue estimations for the market over anticipated period
  • Market Dynamics and Insights with market strengths and weakness, opportunities and threats
  • Current and future Regional Trends
  • Company profiles, Positioning, business strategies of Key Players

Author NameDhananjay Punekar

Rise in electricity consumption accompanied by need for energy consumption techniques is expected to drive solar tracker market

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Solar tracker market size is projected to take a leap of 12% CAGR in the year 2016 to 2023 and will touch USD 7.54 billion till 2023, as per the research done by Global Market Insights. This growth is because of increasing demand for energy conservation combined with switching from traditional to alternative strategies.

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These devices accelerate energy generation and minimize levelized electricity cost. They are made to absorb maximum energy from the sun by arranging payload orientation in the direction of sun, thereby generating significant energy when solar panels are placed in sunlight. Talking about installed capacity, these appliances were computed to be 8,800 MW in the year 2015, and are expected to reach 29,526 MW by 2023.

Let’s take a quick look at some of the attractive figures, reflecting the predictions of solar tracker market trends:

  • Dual axis solar tracker market report is estimated to touch 3.8 billion till 2023 with projected profit at 13.7% CAGR.
  • CPV technology is expected to gain exponential rise with projections of over 20% CAGR in the year 2016 to 2023.
  • Western developed economies like Europe, Germany and Spain are towards growing figure and are expected to reach 7,210.2 MW till 2023.
  • India will go beyond USD 60 million in the year 2023.

Don’t these figures represent the shining future of equipments? Yes, they do, significant government initiatives are estimated to give further boost to this industry.

Solar Tracker Market Size

Increase in electricity cost and supply demand gap is estimated to amplify the demand of PV systems both in commercial and residential areas, with the overall PV capacity crossing 190 GW in the year 2015. A good growth has been expected in North America and Europe because of political and legal support in U.S., Germany and UK. Apart from this, reduction in market price is going to result in more product penetration, particularly on cost sensitive devices.

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As per product segment, market has been divided into single axis and double axis trackers, in which single axis ruled the market with 64% installed capacity share in the year 2015. Competitive price with considerable usage especially in residential and commercial sectors is expected to boost demand of this product, but yes, it is worth to notice that they may lose accuracy and efficiency. Talking about technology, PV cells were projected at 5,946.2 MW in 2015. Increasing electricity cost with the depletion of renewable resources is estimated to expedite the market of PV installation in residential as well as commercial areas.

Abengoa, SunPower Energia, Grupo Calvijo, PV Powerway, Hao solar and Mecasolar are some of the well known industries which had great demand of these devices in 2015.

Author NameDhananjay Punekar

Stringent regulation to reduce vehicle weight and curb carbon emissions is likely to drive automotive plastics market

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Global Market Insights has announced the addition of a new study based report on the automotive plastics market to their offering. The market size is predicted to surpass 18 million tons in terms of volume by 2022. In terms of revenue, the market is predicted to reach 52 billion from 2015 to 2022, at an anticipated CAGR of over 13.5%. The report focuses on quality analysis in terms of volume and revenue with a comprehensive overview of the market, including definitions and classification of the market, market trends, competitive landscape, coupled with key participants of the market, regional scenario, and aspects such as drivers, impediments, opportunities and challenges of the market.

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Versatile, lightweight plastic material offers superior designs and excellent resistance to weather conditions. This has increased the demand of this compound, as the most accepted form of design material in the automotive industry. Strict government regulations about vehicle emission control have resulted in implementation of lightweight plastics as substitutes for steel or aluminum metals. The increasing trend of lightweight vehicles to enhance fuel efficiency and increasing prices of metals is likely to further the growth. Factors like increasing investments in material research of plastic substitutes and higher material cost, non biodegradability of synthetic polymers, environmental concerns with regards to carbon emissions, etc. are predicted to hinder the market growth.Automotive Plastics Market Size

The report covers the analysis of the automotive plastics industry segmented into electrical components, power trains, under the hood and chassis, and interior & exterior on the basis of its application. Airbags, now being a mandatory safety measure in passenger cars, is likely to drive demand.

Regional analysis of the market report covers market insights on a regional scale. Asia Pacific is likely to retain its dominance as the largest automotive plastics market region for passenger cars. In terms of consumption, the Middle East & Africa region is anticipated to register as the top growing region. Growing automobile aftermarket sales are likely to impel the MEA market in next few years.

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Major participants of the market are profiled in the report with the comprehensive analysis of the business strategies, current trends and competitive landscape. The key players include BASF, Dow Chemical, Evonik Industries, Johnson Control, Delphi Automotive and AkzoNobel N.V. Borealis AG, Hanwha Azdel, GrupoAntolin-Irausa S.A, Magna International, Lear Corp, SABIC, Momentive Performance Materials, DSM and Owens Corning are some other major companies covered in the report.

Author NameDhananjay Punekar