Vibration Monitoring Market Size Historical Growth, Analysis, Opportunities and Forecast To 2026

New York, NY 12 June 2019: The global vibrationmonitoring market size is anticipated to reach USD 3,574.3 million by 2026 according to a new research published by Polaris Market Research. The report “Vibration Monitoring Market Analysis Report By Component (Hardware, Software, Services); By Monitoring Process (Online, Portable); By End-User (Automotive, Chemical, Aerospace and Defense, Food and Beverages, Construction, Mining, Oil and Gas, Others); By Regions: Market Size & Segment Forecast, 2019 – 2026”provides a complete analysis of present market trends and future insights.

 In 2018, the hardware segment accounted for the highest market share in terms of revenue. North America is expected to be the leading contributor to the global Vibration Monitoring market revenue in 2018. The increasing modernization of factory equipment, and stringent regulations regarding energy efficiency and workforce safety majorly drive the market growth.

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The growing adoption of IoT, cloud-based technologies, and machine learning further supports the growth of the market. The growing need to streamline operations for improving productivity and safety, while reducing maintenance time and cost would increase the adoption of vibration monitoring systems during the forecast period. Other driving factors include technological advancements, increasing adoption of smart factories, growing adoption of embedded systems, and increasing demand from emerging economies.

  

Vibration monitoring systems ensure that data is organized and decisions can be made efficiently. They collect real-time information, offer historical trends and graph data for further analysis. They generate alarms when abnormalities occur and send instant alarms to smart devices. They sense concerns such as imbalance, misalignment, bearing wear and looseness and provide predictive maintenance.

  

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North America generated the highest market share in the Vibration Monitoring industry in terms of revenue in 2018, and is expected to lead the global market throughout the forecast period. The presence of established telecom and cloud infrastructure in this region, and growing trend of IIoT has accelerated the market growth in the region. The growing demand of mobile devices, automation of manufacturing process, increasing safety concerns, and technological advancements generate numerous opportunities for the market in this region.

The well-known companies profiled in the report include National Instruments Corporation, Emerson Electric Co., Bruel & Kiaer Sound & Vibration Measurement A/S, Meggitt PLC, Honeywell International Inc., Schaeffler AG, Analog Devices, Inc., SKF AB, General Electric, and Azima DLI Corporation. These companies are consistently launching new products to enhance their offerings in the Vibration Monitoring industry. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

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Polaris Market research has segmented the vibration monitoring market on the basis of component, monitoring process, end-user, and region.

Component outlook (Revenue USD Millions, 2015 – 2026)

Hardware

Software

Services

Monitoring process outlook (Revenue USD Millions, 2015 – 2026)

Online

Portable

End User outlook (Revenue USD Millions, 2015 – 2026)

Automotive

Chemical

Aerospace and Defense

Food and Beverages

Construction

Mining

Oil and Gas

Others

Regional outlook (Revenue USD Millions, 2015 – 2026)

North America

U.S.

Canada

Mexico

Europe

Germany

UK

France

Italy

Asia-Pacific

China

India

Japan

Latin America

Brazil

Middle East & Africa

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base in a wide range of industries including healthcare, technology, semi-conductors and chemicals. We strive to provide our clients with updated information on innovative technologies, high growth markets, emerging business environments and the latest business-centric applications, thereby helping them to make informed decisions and leverage new opportunities.

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Precision Farming Market Huge Growth Opportunities 2017 – 2026

New York City, 02 April 2019: The global precision agriculture market is anticipated to reach over USD 13,016 million by 2026, According to a new study published by Polaris Market Research. In 2017, the yield monitoring application dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

There has been an increasing adoption of precision farming across the world owing to growing agricultural industry, and high-demand for food crops. The global precision farming market is driven by the increasing need to improve the quality of crops produced, maximizing crop production, and enhanced crop monitoring. Technological advancement along with government subsidies further boosts the market growth. However, high initial investment and lack of awareness limit the precision farming market growth.

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North America generated the highest revenue in the precision agriculture market in 2017, and is expected to lead the global market throughout the forecast period. This is due to high cost of labor, and presence of large farmlands in the North American region. Increasing investments and subsidies in the agriculture sector by governments boost the precision farming market growth during the forecast period in the region. Increasing need to improve food quality and productivity along with increased industrialization of farming equipment further supplements market growth.

Various applications of precision farming include irrigation management, crop scouting, yield monitoring, weather tracking and forecasting, field mapping, inventory management, and farm labor management. In 2017, yield monitoring accounted for the largest share in the global market, and was estimated at $1,974 million in 2017, registering a CAGR of 13.2% during the forecast period. This is attributable to the benefits offered by yield monitoring such as reduced cost, improved yields, and enhanced decision making. Yield monitoring is further divided into on-farm yield monitoring, and off-farm yield monitoring.

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The well-known companies profiled in the report include Ag Leader Technology, AGCO Corporation, Deere and Company, Topcon Corporation, Trimble, Inc., The Climate Corporation, Farmers Edge Inc., and AgJunction, Inc. among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

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Robotic Process Automation (RPA) Market Size Worth USD 8,781.2 Million by 2026 | CAGR 29.5% - Polaris Market Research

New York City, 02 April 2019: The robotic processautomation (RPA) market  size is anticipated to reach USD 8,781.2 million by 2026 growing at a CAGR of 29.5%. Requirement of businesses to eliminate human errors due to manual interference in processes along with reduction in time consumption are factors responsible for positively influencing the adoption rate of RPA technology.

Previously artificial intelligence and robotic process automation were largely considered to be different technologies. But, with advancements in the offerings it is observed these technologies are complimenting each other in terms of handling processes. It enables organizations in processing huge volumes of data and in providing support for better decision making. Cognitive computing which covers wide array of areas including adaptive learning, speech recognition, and pattern identification is integrated in robotic process automation (RPA) solutions to transform and automate crucial business processes of organizations across multiple industry verticals.

  

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The potential of achieving robust ROI from deployment of RPA completely dependent on the organizational requirements and business processes which are to be automated. In the near future, the market is expected to witness growing base of RPA vendors as they target to gain revenue share from this expanding market. This is expected through introduction of solutions which will cater to the rising need to automate business process management processes. Furthermore, the adoption is expected to intensify as the prices of RPA deployment are continually witnessing a declining trend. Moreover, this technology adoption provides organizations the capability to accomplish better outcomes from their process with benefits including reduction in costs, improved accuracy, and better compliance.

However, factors like reluctance in the transition phase from conventional business process to automation along with shortage in technical expertise required during deployment and integration of RPA solution are challenges which might affect the growth in this market. roThis market report includes insights with market size and forecast by process, by operation, by type, by industry, and by organization size. Analysis for each region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) is provided for all segmentation of the robotic process automation market research report.

North America is expected to be largest regional market while Asia Pacific regional market is expected to witness significant growth during the forecast period of 2018 to 2026. The region’s leading position is attributed to significant demand and preference of the BFSI industry vertical towards automation of business processes. Furthermore, presence of established and major players in North America region and availability of infrastructure for effective adoption of RPA is another factor responsible for the boost in adoption of robotic process automation solutions.

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European region is expected to witness growth in this market as the region has a presence of significant amount of companies in the manufacturing and logistics sector. Adoption of RPA technology provides the capability to streamline pickup and drop operations. This eventually leads to reduction in cycle time ultimately resulting in enhanced customer experience.

  

The major key players operating in the robotic process automation (RPA) market include Blue Prism Group Plc (UK), Celaton Ltd. (UK), Softomotive (UK), Kofax Ltd. (U.S.), Xerox Corporation (U.S.), Automation Anywhere Inc. (U.S.), Ipsoft, Inc. (U.S.), UiPath (U.S.), Verint Systems Inc. (U.S.), Pegasystems Inc. (U.S.), Redwood Software (Netherlands), Daythree Business Services sdn bhd (Malaysia), and Kryon Systems (Israel).

  

Polaris Market Research has segmented the global robotic process automation market on the basis of process, operation, type, industry, organization size, and region:

·         Robotic Process Automation by Process

·         Automated Solution

·         Decision Support and Management Solution

·         Interaction Solution

·         Robotic Process Automation by Operation

·         Rule Based

·         Knowledge Based

·         Robotic Process Automation by Type

·         Tool Based

·         Model-Based Application Tools

·         Process-Based Application Tools

·         Service Based

·         Consulting

·         Integration and Development

·         Training

·         Robotic Process Automation by Industry

·         IT & Telecom

·         Healthcare and Pharma

·         BFSI

·         Manufacturing

·         Logistics

·         Retail

·         Travel & Hospitality

·         Others

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About Polaris Market Research

  

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

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Mobile Mapping Market Size Estimated To Reach $55.8 Billion By 2026 | CAGR 17.2%

New York City, 17 Jan 2019: "The Global Mobile Mapping market generated $13.5 billion in 2017 according to a new report by Polaris Market Research. The report ‘Mobile Mapping Market [By Type (Location Based Services, 3D Mapping, Location Based Search, Indoor Mapping, Licensing, Others) By Component (Hardware, Software, Services) By Application (GIS Data Collection, Asset management, Land Survey, Imaging Services, Emergency Response Planning, Others) By End-User (Banking, Financial Services and Insurance, Transportation and Logistics, Telecommunication, Agriculture, Mining, Defense, Public Sector, Others) By Region]: Market Size & Forecast, 2018 – 2026’" indicates that the global mobile mapping market is anticipated to grow at a CAGR of 17.2% during the forecast period.

Mobile Mapping is the process of collecting geospatial data from a mobile vehicle such as car, quad, boat, or train among others. Mobile vehicles are typically fitted with a range of 360° and HR video, photos and other remote sensing systems, which generate output in the form of GIS data, digital maps 

and georeferenced images and video. Some applications of mobile mapping include roads, grade separations and design, infrastructure and maintenance, construction and mining, power line mapping, railways and utilities among others.

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The demand for mobile mapping has increased over the years owing to rising applications, and, increasing demand of location-based services. The penetration of mobile devices has increased across the globe, supporting the growth of the mobile mapping industry. Increasing demand from telecommunication and transportation sectors, improved network connectivity, and growing applications in city planning and development of smart cities are expected to accelerate the adoption of mobile mapping solutions. Technological advancements, growing demand from defense and automotive sectors, and increasing use in emerging economies further support the growth of the global mobile mapping industry. 

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Mobile Mapping Market, 2018-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

North America generated the highest revenue in the global mobile mapping industry in 2018 owing to increasing applications, and growing demand from the commercial sector. Market players are significantly investing in technological innovation in terms of miniaturization & improvement of components along with advancements in mapping software and mapping analytics. Increasing investments by vendors in technological advancements coupled with partnerships and expansion strategies would support the mobile mapping market growth in the coming years.

Competitive Landscape and Key Vendors

The global Mobile Mapping market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the mobile mapping industry. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

The leading companies profiled in the mobile mapping market report include Microsoft Corporation, Foursquare Labs, Inc., Tomtom NV, Mapquest, Inc., Trimble Navigation Ltd., Apple Inc., Google Inc., Leica Geosystems Inc., Garmin International, and EveryScape, Inc..

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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