Connected Enterprise Market Worth USD 1.94 trillion by 2025

The global connected enterprise market size is expected to reach USD 1.94 trillion by 2025, according to a new report by Grand View Research, Inc. The increasing need for automation and proliferation of connected devices is providing new growth avenues for the connected enterprise market.

Enterprises are moving toward digital technologies to transform their business operations, improve customer experiences and rapidly respond to emerging threats and opportunities. Industry collaborations with connected technology are gaining prominence for improving agility, productivity, and business process management. Although the Internet-of-Things (IoT) and connected technologies are becoming adept, several organizations have not included their collaboration with smart technologies in business strategies.

The implementation of intelligent networks has improved optimization of assets including equipment reliability, and energy usage and has expanded the capacity of existing assets. Enterprises are integrating people, tools, processes, and platforms comprising infrastructure and applications to disrupt the business productivity with next-generation solutions.

Moreover, organizations are looking for innovative ways to differentiate themselves from their competitors and overcome threats from new entrants. Connected solutions are increasingly adopted for generating new revenue streams and improving profit margins. These solutions help enterprises in increasing their operational efficiency by enabling real-time monitoring of assets. However, fragmented technology standards and growing security concerns are expected to deter the industry growth.

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U.S. connected enterprise market, by component, 2014 - 2025 (USD Billion)

Further key findings from the report suggest:

• Customer experience management is expected to be the fastest-growing segment owing to its transition from being transactional to more interactive and informative solution
• The managed services segment is expected to grow at a CAGR of over 35% from 2016 to 2025. due to the increasing need for outsourcing IoT-related capabilities
• The device management platform is anticipated to account for over 25% revenue share by 2025; the need to drive connected products assessment, reduce operational costs, and improve service quality is propelling the demand for a device management platform
• The healthcare sector is expected to reach a valuation of over USD 150 billion by 2025 on account of its transition from providing provider-centric to patient-centric solutions
• The Asia Pacific region is expected to be the fastest-growing regional market as the enterprises in the region are deploying connected infrastructure in new areas to improve their revenues.
• The key industry players include IBM Corporation, Rockwell Automation, Inc., IBM Corporation, Honeywell International, Inc., and PTC Inc.

Access press release of this research report by Grand View Research: www.grandviewresearch.com/press-release/global-connected-enterprise-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Data Center Power Market Projected to Reach $10.77 Billion By 2025

The global data center power market is expected to reach USD 10.77 billion by 2025, according to a new report by Grand View Research, Inc. The global data center power market is majorly driven by the shift of various end-users towards hyper-scale and colocation data centers. The increase of such data center facilities is anticipated to result in an increasing demand for data center power equipment in the coming years.

Globally, data centers consume around 3% of the total energy generated, which is a considerably high figure. Moreover, since the energy prices are rising, the need to reduce PUE ratios is also growing. Data center designers are currently adopting advanced power distribution and management solutions to attain energy efficiency at lesser PUE ratios. This goal of reducing the PUE ratio is further expected to spur the demand for advanced and intelligent data center power products over the forecast period.

Uninterrupted Power Supply (UPS) is the backbone of data centers and are significantly deployed for the smooth working of servers and other networking devices. Furthermore, the cost of UPS is significantly higher than any other data center power products. As a result, the UPS product segment dominated the global data center power market in 2016. Additionally, most data centers use the smart UPS system, battery monitoring devices, and intelligent power distribution systems in a bid to reduce the PUE ratio. The increasing penetration of these new devices is further expected to boost the demand for UPS over the forecast period.

The U.S. has some of the biggest data centers in the world. The country accounted for more than 70% of the total market share of North America in 2016. Furthermore, Asia Pacific is projected to be the highest growing region owing to the increasing number of co-location data centers in developing countries such as India and China.

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                     Global data center power market by end-use, 2016 (%)

Further key findings from the report suggest:

• The global data center power market is expected to witness a CAGR exceeding 6% from 2017 to 2025, owing to the increasing trend towards reducing the PUE ratio for better energy management in data centers.
• The increasing penetration of IoT connectivity and the integration of artificial intelligence are expected to favorably impact the data centers market, thereby driving the demand for data center power systems over the coming years.
• The UPS segment accounted for the largest share in 2016, which is accredited to the increasing demand for energy in data centers along with increasing penetration of co-location data centers globally.
• North America accounted for over 35% of the overall revenue share in 2016 and is also expected to dominate the market over the forecast period, owing to the increasing number of data centers in the U.S.
• Key players that captured a significant market share in 2016 were Vertiv Co., Schneider Electric, Legrand, General Electric, and Eaton, among others.

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

All Things you want to Know About Spinal Pumps Market: Grand View Research, Inc.

The global spinal pumps market is expected to reach USD 319.8 million by 2024, according to a new report by Grand View Research, Inc. The rising geriatric population base, which is highly susceptible to developing chronic disorders, such as cancer as well as movement and neurological disorders, leading frequently to subsequent spasms and pain, is presumed to propel the need for spinal pumps. According to a report published by the International Agency for Research on Cancer (IARC of WHO), there is an upsurge in the number of cancer patients and approximately 14.1 million patients were estimated to suffer from cancer in 2012. These statistics indicate the indisputable requirement to incorporate spinal pumps, which is expected to present the industry with lucrative growth opportunities. 

Furthermore, the growth of the spinal pumps market is attributed to the technological advancements and the expanding product pipeline comprising pump volume indicators, valve-regulated pumps, and pressure monitors. In addition, the rising involvement of the industry players in the development of treatment solutions through strategic alliances is likely to present the intrathecal pumps market with a potential growth platform. For instance, in December 2015, Medtronic plc and Samsung Electronics Co., Ltd., announced their collaborative agreement to develop health solutions in the area of neuromodulation.

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North America spinal pumps market share, by application, 2013 - 2024 (USD Million)

Further key findings from the study suggest:

• The pain management category dominated the application segment of the overall spinal pumps market in terms of revenue share at over 69.0%in 2015, owing to the increasing preference for long-term relief alternatives and the high prescription prices associated with conventional opioid drugs used in pain management. These aforementioned factors are responsible for the high adoption rate of spinal pumps in pain management.
• Spasticity management is expected to grow at the fastest CAGR at over 4.0% throughout the forecast period. This can be attributed to the rising government initiatives and recommendations, such as by the British Pain Society to promote effective spinal drug delivery in the treatment of spasticity in adults, as well as to support and provide guidance to the institutions and healthcare practitioners to maximize the benefits in patients undergoing treatment.
• In 2015, North America dominated the overall intrathecal pumps market at over 54.0%. Moreover, the subsequent demographic trend changes, such as the increase in the elderly population count, and the high awareness levels related to the availability of highly efficacious pain management solutions including the spinal pump devices are presumed to drive the industry growth in this region. Furthermore, the high R&D intensity aimed at developing technologically advanced products is expected to propel the industry growth in the North America region.
• Asia Pacific is expected to grow the fastest, at a CAGR of over 6.0% over the forecast period owing to the presence of untapped opportunities especially in the emerging economies, of China and India. Additionally, the rising number of government initiatives focusing towards the enhancement of the existent healthcare infrastructure, for instance in China, the healthcare reforms introduced through an initiative, the New Health Care Reform Plan, implemented by the Chinese State Council and the Central Committee of the Communist Party of China (CPC), serve as the key growth contributing factors towards the growth of the regional spinal pumps market of China.
• The key players in this industry are increasingly involved in adopting collaborative strategies and in announcing frequent product approvals to facilitate business expansion. For instance, in November 2014, Tricumed Medizintechnik GmbH launched the implantable, programmable infusion pump for baclofen therapy. This launch resulted in the expansion of the intrathecal product portfolio for the treatment of spasticity thereby capturing a larger share of the industry.

Access Press Release Of This Research Report By Grand View Research: www.grandviewresearch.com/press-release/global-spinal-pumps-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Histology & Cytology Market is Growing at CAGR of 13.5% by 2025

The global histology and cytology market size is expected to reach USD 26.9 billion by 2025, according to a new report by Grand View Research, Inc. Globally, the increasing incidence of cancer and growing adoption of cytological tests due to its less invasive nature as compared to biopsy & higher reliability are likely to drive the market during the forecast period. 

Furthermore, rising well-equipped clinical laboratories in developing countries and favorable reimbursement for cancer screening and laboratory tests are likely to positively affect the market growth. Advancements in the cytology and histology save the time for pathologists, hence this makes the service more cost-effective.

Cytology was the largest segment in the histology and cytology market in 2016 and is expected to maintain its dominance during the forecast period due to the recent entry of various tests for cytological testing and advantages over histology such as faster analysis and economical technique.

Cytology is further segmented into cervical, breast, and other cancers based on its application. Cervical cancer segment dominated in 2016 due to higher incidence and growing demand of test for the cervical cancer screening. Furthermore, breast cancer was considered as the second largest segment due to rising awareness about breast cancer screening in emerging countries.

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U.S. cytology market by application, 2014 - 2025 (USD Million)

Further Key Findings From the Report Suggest:

• Rising incidence of cancer and growing investment by players are expected to propel growth at the fastest rate with a CAGR of 13.5% from 2017 to 2025
• Cytology testing segment dominated in 2016 and is estimated to account for majority of the share by 2025.
• Cytological testing for cervix is the largest contributing segment of the market. This can be attributed to high incidence and more adoption of the test for cervix screening.
• The U.S. market was the largest in 2016 and is expected to maintain its dominance during forecast period due to higher awareness about screening and higher healthcare expenditure as compared to the developing countries.
• In February 2014, Roche launched a new test for cervical cancer screening, Automated CINtec PLUS cytology test, which improves the detection of cervical precancer.
• The industry in Asia Pacific is projected to witness substantial growth over the next decade owing to growing investment by several clinics in the region, growing healthcare expenditure, and increasing adoption of screening tests.
• Some of the key players operating are Abbott Laboratories; Becton, Dickinson and Company; F. Hoffmann-La Roche Ltd.; Hologic, Inc.; Life Technologies Corporation; Sysmex Corporation; Thermo Fisher Scientific, Inc.; and Trivitron Healthcare.

Access press release of this research report by Grand View Research: www.grandviewresearch.com/press-release/global-histology-cytology-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Chlorine Market Growth: Important Raw Material In Various Chemical Industries

The global chlorine market is expected to reach USD 39.31 billion by 2024, according to a new report by Grand View Research, Inc. Chlorine serves as an important raw material in various chemical industries. It is also an essential ingredient for PVC production, which has observed increasing demand in construction, automotive, and packaging industries. These factors are anticipated to drive the global chlorine market. 

Increasing demand for chlorine across various industries for manufacturing intermediate products such as hydrochloric acid, chlorides, etc. is expected to be a key factor influencing the market growth. 

Price fluctuations due to uneven demand and supply particularly in Asia Pacific are expected to pose challenges to key industry participants in the region. Chlorine is highly reactive when it comes in contact with other materials which increase handling risk. Toxicological nature of chlorine also adds up to the market challenges. 

EDC/PVC was the largest application segment and accounted for 34.5% of global demand in 2015. Escalating PVC demand in construction industry is expected to drive this segment over the forecast period. It is also expected to witness the highest growth of 4.8% over the forecast period. 

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U.S. chlorine market revenue by application, 2014 - 2024 (USD Million)

Further key findings from the report suggest:

• Global chlorine market demand was 71.26 million tons in 2015 and is expected to reach 104.70 million tons by 2024, growing at a CAGR of 43% from 2016 to 2024
• Asia Pacific was the leading regional market and accounted for 56.6% of total market volume in 2015. Increasing construction spending in China, India, Indonesia and Thailand is expected to drive the regional market over the forecast period. The region is also expected to witness the fastest growth of 4.7% over the forecast period due to incessant demand for chlorine in construction as well as chemical industry.
• North America is expected to witness moderate growth mainly on account of recovery of construction in industry in the U.S. The region is expected to grow at an estimated CAGR of 4.2% from 2016 to 2024.
• Key market players include Hanwha Chemical Corporation, Ineos Group Ltd., The Dow Chemical Company, Tosoh Corporation, PPG Industries, Tata Chemicals Ltd., BASF SE, FMC Corporation, Olin Corporation, Formosa Plastics Corporation, Occidental Petroleum Corporation, Xinjiang Zhongtai Chemicals Co. Ltd., and Nirma Ltd. 

Access press release of this research report by Grand View Research: www.grandviewresearch.com/press-release/global-chlorine-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com