The global vitamin supplements market, estimated to be valued at $36,929 million in 2014, is expected to grow at 6.5% CAGR during 2014 to 2020, mainly attributed to growing consciousness among consumer about preventative healthcare. Healthcare spend is increasing with the increasing research and development (R&D) expenditure. Due to the increasing cost of healthcare, people are turning towards supplement products, including vitamin supplements, for a healthy life. According to the European Federation of Pharmaceutical Industries and Associations (EFPIA) member associations, the European pharmaceutical R&D expenditure increased from $37,030 million in 2011 to $38,055 million in 2012. In the U.S., the expenditure increased from $36,374...
Cloud monitoring market is gaining traction across the globe due to the increase in IT industries that are switching to cloud services. It finds application in areas like, BFSI, retail and consumer goods, media and entertainment, and manufacturing. The rising number of security threats and data breaches are propelling the adoption of such solutions. It provides enhanced security capabilities and insights that help to proficiently detect and prevent vulnerabilities. This is further amplifying the demand for these solutions among the end-users.
Smart building market is expected to grow at a high pace owing to increasing demand for highly efficient infrastructural mechanisms. Many smart building companies provide various services including advantage services, compliance services, electrical services, energy services, fire sprinkler services, integration services, mechanical services, migration services and pre-construction services. These services play a major role in goal specific approaches, testing and inspection of facility systems, preventive maintenance and emergency service, energy efficiency approaches, operations leveraging, mechanical services for heating, ventilation and air conditioning (HVAC), and pre-construction settings of smart buildings. On account of surging...
The enterprise asset management market is expected to reach $8.7 billion by 2024, registering a CAGR of 13.5%, during 2019-2024, according to P&S Intelligence.
Global retail sourcing and procurement market is expected to reach $5,418.0 million by 2023, according to P&S Intelligence.
The digital signage market is growing at a considerable rate due to cost-efficiency. Emerging technologies such as ultra-high definition and growing demand for signage solutions for retail, hospitality and government organizations are some of the factors providing growth opportunity to the digital signage market in the coming years.
Conditional access systems (CAS) refer to content protection solutions used widely to control unauthorized contents or intruders to access to audio and video content. Generally, these systems are installed at the receiving end of audio and video such as digital set-tops boxes of the consumers. One of the most dominant factors driving the conditional control system market is the analog to digital transformation of the TV transmission in developing countries of the Asia Pacific.
Growing media and entertainment industry, and rising inclination towards music composing applications are the key factors driving the growth of the market.
Insights on Market Segments:
Energy management system market is expected to reach $113,476.9 million by 2023, according to P&S Intelligence.
Based on component, the process automation and instrumentation market has been segmented into hardware, software and services. The hardware category held the largest market share in terms of revenue in 2017, owing to its high deployment among large enterprises. The hardware category is further bifurcated into controllers, switches, human machine interface (HMI), remote telemetry unit (RTU) and input/output (I/O) cards. Among hardware, controllers are most commonly used, as they are deployed to control the processes based on commands received from the input device. The controllers growth is primarily buoyed by growing demand for energy efficiency, which is resulting in the rise of investments in the energy sector.