Rise in Demand for Earth Observation Related Applications Expected to Drive Global Nanosatellite and Microsatellite Market: Ken Research

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Nanosatellite and Microsatellite are sectors of the small satellites. A microsatellite is used when the wet mass of the satellite is between 10 kg and 100kg while when the wet mass of the satellite is 1 kg to 10 kg, it is referred to as a nanosatellite. These satellites are primarily used for communication purposes, earth observation, and space research. Besides these usages, both nanosatellites and microsatellites are also utilized in the military & defense sector for commercial purposes. Nanosatellites and microsatellites are mainly used for research requirements and scientific objectives on a wide scale. With the rising pace of earth observation, communication, and space research, the demand for these satellites has augmented tremendously. Moreover, the nanosatellites are low-cost bearing as compared to the traditional satellites. Hence these satellites help to remove the obstacles of heavy investments in the space industry.

According to the study, “Global Nanosatellite and Microsatellite Market to reach USD 5.51 billion by 2026” the key companies operating in the global nanosatellite and microsatellite market are AAC Clyde Space AB, ISIS - Innovative Solutions In Space B.V., Axelspace Corporation, NanoAvionics (AST&Science LLC), Berlin Space Technologies GmbH, Surrey Satellite Technology Limited (Airbus), Lockheed Martin Corporation, RUAG Group, Raytheon Company and Tyvak Nano-Satellite Systems, Inc. (Terran Orbital Corporation).

Based on type, the nanosatellite and microsatellite market is segmented as nanosatellite and microsatellite. Based on components, the market is segmented as software, hardware, data processing, launch services, and space services. Based on mass, the market is segmented as 1KG-10KG nano-satellite and 11KG-100KG micro-satellite. Based on the band, the market is segmented as k-band, x-band, and ka-band. Based on application, the market is segmented as earth observation & remote sensing, communication & navigation, biological experiments, scientific research, academic training, technology demonstration & verification, mapping, and reconnaissance. The earth observation & remote sensing segment dominates the market owing to the rise in need for earth observation data in geo-information products along with the increasingly central role of Big Data reinforces the growth potential of commercial activities. The communication & navigation segment is projected to account for major revenue contribution in the global market due to the increase in advanced technologies such as Internet Protocol Television (IPTV) and Over-The-Top (OTT) services during the forecast period. In addition, based on end-user, the market is segmented as government, commercial, civil, defense, maritime & transportation, and energy & infrastructure.

The nanosatellite and microsatellite market is driven by rise in demand for earth observation related application, followed by an increase in focus on reducing the cost of miniatures satellite. However, an increase in government policies and limited access to space may impact the market. Moreover, increase in number of application areas and a rise in demand for satellite imagery from non-governmental players are key opportunities for the market. Furthermore, the rise in demand for Leo-based services is a major trend for the market.

Based on geography, the North-American region holds the major share in the global market owing to growth in the adoption of nanosatellites and microsatellites and the presence of large space organizations & private companies in the region. Whereas, the European and Asian-Pacific regions are estimated to witness higher growth rate due to the rise in investments in the satellite sector coupled with supporting government initiatives over the forecast period. The global nanosatellite and microsatellite market is valued approximately The US $1.53 billion in 2019 and is expected to grow with a healthy growth rate of more than 20.1% over the forecast period 2019 to 2026.

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Global Nanosatellite and Microsatellite Market Outlook

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Nanosatellite and Microsatellite Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)

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Global Virtual Customer Premises Equipment Market Outlook: Ken Research

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Global Virtual Customer Premises Equipment (CPE) Market is valued approximately at USD 1283.09 million in 2019 and is anticipated to grow with a healthy growth rate of more than 37% over the forecast period 2020-2027. Virtual CPE is a means of delivering network services such as routing, firewall security and virtual private network connectivity to businesses through the use of software rather than dedicated hardware devices. By virtualizing CPE, providers will significantly simplify and speed service delivery, securely customize and control equipment, and enable consumers to request new services or change current ones on demand. The growing need for accessibility, rising demand for virtual networking technology and facilities such as such as virtual LANs (VLANs) and containers such as virtual machines (VMs) Network storage devices, as well as changing traffic dynamics and increasing network complexities, are rising the acceptance of V-CPE across end-users. V-CPE offers upgraded physical networking facilities that can be converted into common virtual services that are accessible from anywhere without the need of any networking equipment. The concept of virtual infrastructure has reduced the hardware dependence of enterprises and minimized the cost of networking infrastructure. However, security and reliability concerns related to virtual architecture and lack of skilled workforce and limited knowledge among end-users are limiting the growth of V-CPE solutions on the market. The application of V-CPE in the education sector transforms the education system by providing the benefits of virtualization technology such as online programs, group discussions and information exchange are made possible through virtualization technology. With the education system moving from classroom learning to learning through computers and universities integrating content into their existing networking or IT courses, V-CPE solutions enable the education sector to manage educational programs and university data efficiently. However, the high initial cost associated with virtual CPE solutions coupled with Security and reliability concerns related to virtual architecture may act as a hindrance to the market growth. Various service providers of virtual CPE are adopting the strategy of product launch to gain a competitive edge over other players operating in the marketplace. For instance, In June 2016, IBM expanded its suite of semantic interface applications for Network functions virtualization (NFV) and consumer premises. The company launched IBM Spectrum Computing, built to extract maximum value from results, to automate high-performance analytics or machine learning.

The regional analysis of global Virtual Customer Premises Equipment (CPE) market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The market in Asia-Pacific is expected to grow at the highest rate due to increasing demand for Internet of Things (IoT) devices across industries in the region. In the Asia-Pacific region, industries such as energy and utilities, manufacturing, transport and logistics, and agriculture are expected to lead the market and industrial IoT.

Major market player included in this report are:

Intel Corporation

Qosmos

AT&T, Inc

NEC Corporation

Orange Business Services

Verizon Wireless

Cisco Systems, Inc

Ericsson AB

International Business Machines, Corporation

Dell, Inc

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Deployment:

Classic CPE Model

Cloud Hosted CPE Model

By Service:

Professional Service

Managed Service

By Application:

Residential Application

Enterprise Application

By Solution:

Security and Compliance

Virtual Equipment Solution

Infrastructure Management

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year-2017, 2018

Base year-2019

Forecast period-2020 to 2027

Target Audience of the Global Virtual Customer Premises Equipment (CPE) Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

For More Information on the Research Report, refer to below links: -

Global Virtual Customer Premises Equipment Market 

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Rise in Focus on Health Hygiene among People Expected to Drive Global Industrial Cleaning Services Market: Ken Research

The industrial cleanings are liquid cleaning chemicals, which are used during routine cleaning of warehouses, institutes, offices, research & development (R&) laboratories, and industrial facilities and other such places. Raw materials such as chelating agents, solvents, and surfactants are used in various cleaning applications. Industrial cleanings are used in various applications for cleaning such as retail & food service, food processing, manufacturing & commercial offices, hospitality, healthcare, automotive & aerospace, and others.

Increase in investment in R&D activities to lower the Volatile organic compound (VOC) content in various cleaning chemicals is anticipated to boost the demand for Industrial cleaning chemicals in the near future. Manufacturers of industrial cleaning chemicals require complying with environmental policies in order to avoid heavy penalties & product recalls. Demand for several products, for instance rust cleaning agents, degreasers, and surface cleaners, is high in various industries such as automotive, manufacturing, and water treatment.

According to study, “Global Industrial Cleaning Services Market to reach USD XX billion by 2026” the key companies operating in the global industrial cleaning services market are 3M Company, Clariant, BASF SE, Diversey, Inc., Croda International Plc., Evonik Industries AG, Dow, Inc., Mitsubishi Chemical Holdings Corporation, Ecolab, Inc., Kao Chemicals Europe S.L, Huntsman Corporation, Quaker Chemical Corporation, Neos Company Limited, WVT Industries N.V., Pilot Chemical Company, Spartan Chemical Co., Inc., Solvay S.A. and Stepan Company. In automotive, manufacturing, and food processing, better hygiene provides high quality products, which is safe for the workers' health that helps in improving the productivity. All these industries are expected to grow at a positive rate, which is anticipated to drive the demand for industrial cleaning chemicals in these applications.

Based on ingredient type, industrial cleaning services market is segmented as solvents, surfactants, pH regulators, chelating agent, solubilizers/hydrotropes, and others. Surfactants include cationic surfactants, anionic surfactants, nonionic surfactants and amphoteric surfactants. Based on product type, market is segmented as disinfectants, general cleaners, commercial laundry, metal cleaners, oven & grill cleaners, dairy cleaners, dish washing and food cleaners. In addition, based on application, market is segmented as healthcare, food processing, manufacturing & commercial offices, retail & food services, automotive & aerospace, hospitality, and others. The health care segment is expected to expand significantly owing to rise in health care expenditure, rise in demand for cleaning chemicals, and increase in use of premium & high-performance cleaning products during the forecast period.

The industrial cleaning services market is driven by increase in workplace hygiene initiatives, followed by rise in demand from applications.  However, government & environmental regulations may impact the market. Moreover, green & bio-based industrial cleaning is a key opportunity for market.

Based on geography, the Asian-Pacific region holds major share in global industrial cleaning services market owing to rise in focus on health hygiene among people and higher demand for the industrial cleaning in hospitals in the region. Whereas, the North-American and European regions are estimated to witness higher growth rate due to growth in industrialization coupled with enlarging industrial network over the forecast period. In upcoming years, it is expected that future of the global industrial cleaning services market will be optimistic as a result of rise in demand in industrial, residential, and commercial segments and growth in the infrastructure sector during the forecast period.

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Global Industrial Cleaning Services Market

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Growing Trends across Enterprise Information Archiving Market Outlook: Ken Research

 The Enterprise Information Archiving is a virtual data depository that stores data, with low cost and low power overwhelming archive storage devices such as tape libraries and cloud storage and power intense primary storage. This Statistics can be considered into structured and unstructured data. The Structured data are alphabets, numbers and can be simply processed and stored whereas unstructured data can be mentioned as email, audio, images and video files.

According to the report analysis, ‘Global Enterprise Information Archiving Market to reach USD 12.1 billion by 2026’ states that in the worldwide enterprise information archiving market there are several organized players across the globe which functioning more proficiently for leading the highest market growth and registering the handsome value of market share while delivering the better consumer satisfaction, implementing the profitable strategies, analyzing and observing the strategies and policies of the government as well as competitors, advancing the specifications of the production technologies, employing the young work force, decreasing the associated prices and establishing the several research and development programs includes Microsoft Corporation, Hewlett Packard Enterprise (Hpe), IBM Corporation, Dell, Google LLC, Veritas Software, Barracuda Network, Proof point Inc., Smarsh, Mimecast and several others.

The worldwide Enterprise Information Archiving Market is worth approximately at USD 5 billion during 2019 and is projected to increase with a healthy growth rate of more than 13.5% over the review period of 2020-2026. Additionally, the growing Enterprise Information around the various end users, augmenting the Stringent Legal Compliances and need for cost-effective storage solutions for Sluggish enterprise data are the few aspects answerable for growth of the market over the assessment period. Furthermore, the effective growth in the advancements and establishment of Enterprise Information Archiving by market key player will generate a lucrative requirement for this market.

For instance, as per corporate’s news release throughout June 2019, Solix Technologies recognized its Microsoft Azure-based enterprise archiving solution, SOLIXCloud. This solution allows the enerprise to store databases, file servers and e-mail, as well as stirring legacy application data to the cloud. However, deficiency of awareness of enterprise information archiving and substantial dependence on traditional attitudes is the foremost factor limiting the growth of international Enterprise Information Archiving market throughout the estimate period.

Based on the regional analysis of the wide-ranging Enterprise Information Archiving market is considered for the foremost regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The North America is the leading/momentous region around the globe. Whereas, the Asia-Pacific is also foreseen to exhibit maximum growth rate / CAGR over the review period of 2020-2026.

Although, during the recent years, the size of beneficial data in an organization has augmented tremendously to zettabytes (one billion terabytes) with mainstream being unstructured data. The organizations demand to manage this enormous amount of data which can be done with the assist of enterprise information archiving. Enterprise information archiving would allow the organizations with supervisory compliance for data retention, augmented the operational productivity, authorized admission to information and cost deduction for data backup. The augmenting demand for cost effective storage processes, growing the need for data retention for regulatory compliances and growing the requirement for business performance are the factors propelling the enterprise information archiving market during the near years over the forthcoming decades.

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Global Enterprise Information Archiving Market

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Cost-Effective Landscape of Customer Analytics Market Outlook: Ken Research

 The Customer analytics is a procedure in which data or information is gathered from customer behavior to create business decision via prognostic analytics and market segmentation. The data or information is advantageous for site selection, direct marketing and consumer relationship management. Customer analytics assists organization to learn the assistances of cloud-based tools and elements such as customer data source, data models, processing application, computing power, analytics model and data storage, which further assists them to advance the decision making across functions.

According to the report analysis, ‘Global Customer Analytics Market to reach USD 28.7 billion by 2026’ states that in the wide-ranging customer analytics market there are numerous organized companies which presently functioning more actively for leading the highest market growth and dominating the handsome value of market share around the globe during the short span of time while implementing the profit making strategies, delivering the better consumer satisfaction, employing the young work force, developing the specifications of the technologies, analyzing and witnessing the strategies and policies of the government as well as competitors, establishing the several research and development programs and spreading the awareness related to the applications of such includes Google LLC, Adobe Inc., SAP SE, Microsoft Corporation, Oracle, Salesforce, SAS Institute, Teradata, NICE, Manthan and several others.

Global Customer Analytics Market is worth approximately at USD 8.9 billion during 2019 and is anticipated to increase with a healthy growth rate of more than 18.2% over the review period of 2020-2026. In addition, the requirement to understand customer purchasing behavior for a more modified customer experience, increasing competition between businesses and augmenting the demand for advanced customer satisfaction and initiation of technologies, such as Artificial Intelligence (AI), Machine Learning (ML), and business procedure automation to streamline marketing functions are the few aspects accountable for growth of the market over the review period. Furthermore, the growing advancements and establishment of customer analytics by market key player will generate a lucrative requirement for this market. For instance: as per Company's news release during February 2019, Abbott established innovative fresh virtual assistant to support and employ pan-India sales force and its name is Maya. Maya is a BOT with a personality advanced by Smart Bots AI, and powered by Amazon's LeX technology, it optimizes a voice or chat interface to communicate with employees in simple natural language and delivers them the assistance as per consumer’s needs. However, data privacy laws and safety of customer data critical for consumer analytics is the foremost factor restraining the growth of worldwide Customer Analytics market throughout the forecast duration.

However, based on the region the global Customer Analytics market is measured for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The North America is the leading/significant region around the world in terms of market share due to the rising advancement of customer analytics solution to optimize the customer data to stay competition in the market. Whereas, the Asia-Pacific is also projected to exhibit greatest growth rate / CAGR over the forecast period of 2020-2026. Therefore, in the near years, it is probable that the market of customer analytics will increase around the globe more effectively over the inflowing duration.

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Global Customer Analytics Market

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Rise in Awareness towards the Advancement in Manufacturing Industries Expected to Drive Global CNC Milling Machines Market: Ken Research

Milling is the process of removing material by using rotary cutters mounted into the machine. CNC (computer numerical control) milling is the computerized version of milling where machine operators program a machine to perform the milling operations automatically. CNC milling covers a wide spectrum of operations utilized by several industries. Increased automation has led to privileged demand for automated milling machines. Such computers entail less human interaction and are capital intensive. Automatic milling machines are utilized by manufacturers to increase the output efficiency. Demand for CNC milling machines has increased over the years, as they are highly powerful & competitive and also allow new technologies to be implemented. Such these machines advantages fueled the growth of creating producers & dealers to supply machinery. The invention of six-axis machines has allowed the final product to be transformed through turning from both ends of the fixture, removing various fixtures and other machining process operation. This also eliminates the waiting time when work piece is being moved from one unit to another unit and prevents queuing. Additionally, milling machines may be used to perform complex tasks, for instance drilling holes of different diameters & shapes or variable cutting speed and pattern.

According to study, “Global CNC Milling Machines Market to reach USD XX billion by 2026” the key companies operating in the global CNC milling machines market are Dufieux Industrie, Hamuel Maschinenbau Gmbh & Co. Kg, F. Zimmermann Gmbh, Ingersoll Machine Tools, Huron Graffenstaden, Gf Machining Solutions, Le Creneau Industrial, M.Torres Diseños Industriales S.A.U, Haas Automation, Mollart Engineering Limited, Innse-Berardi Spa, Pietro Carnaghi S.P.A, Lgb Machines, West Coast Industries Europe, Parpas Spa, Wfl Millturn Technologies Gmbh & Co Kg, Starrag Ag. The key manufacturers concentrate on the product's technological evolution to make it more advanced & effective.

Based on type, CNC milling machines market is segmented as universal milling machines, vertical milling machines and horizontal milling machines. Vertical milling machines are very cost-effective and simple to program. Additionally, horizontal milling machines have same primary function as vertical machines, which removing material from a component. Based on style, market is segmented as automatic CNC milling machines, semi-automatic CNC milling machine, and manual CNC milling machine. Based on distribution channel, market is segmented as online and offline. In addition, based on application, market is segmented as aerospace industry, automotive industry, electronic industry and others.

The CNC milling machines market is driven by rise in demand for computer numerical control (CNC) machine, followed by increase in government initiatives. However, high cost of equipment may impact the market. Moreover, growth in technological advancements is a major opportunity for market.

Based on geography, the Asian-Pacific region holds major share in global CNC milling machines market owing to increase in adoption of CNC milling machines by various emerging economies such as China, India, and Japan. Whereas, the North-American and European regions are anticipated to depict higher growth rate due to rise in awareness towards the advancement in manufacturing industries during the forecast period.

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Global CNC Milling Machines Market

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Global CNC Milling Machines Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use

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Landscape of Global Blockchain in Retail Market Outlook: Ken Research

 The Blockchain is a technology optimized to store the information digitally in a public database, which utilized distributed databases and cryptography to record and safeguard transactions. Blockchain is utilized for mainstream of industrial concerns such as supply chain management, transparency, guaranteeing authenticity, decreasing counterfeits, smoothing logistics, and giving the fast delivery.

According to the report analysis, ‘Global Blockchain in Retail Market to reach USD 11.19 billion by 2026’ states that in the worldwide blockchain in the retail market there are multiple companies which presently operating more efficiently for leading the highest market growth and registering the handsome value of market share around the globe throughout the short span of time while decreasing the associated prices, delivering the better consumer satisfaction, spreading the awareness related to the applications of such, implementing the profit making strategies, studying the witnessing the strategies and policies of the government as well as competitors, establishing the several research and development programs, employing the young work force and improving the specifications of such technologies includes Amazon Web Services, Inc. (AWS), Auxesis Services & Technologies (P) Ltd., Bitfury Group Limited, Cognizant, Infosys Limited, International Business Machines Corporation (IBM), Microsoft Corporation, Oracle Corporation, SAP SE, Tata Consultancy Services Limited and several others.

The wide-ranging Blockchain in Retail Market is worth approximately at USD 0.15 billion throughout 2019 and is projected to increase with a healthy CAGR of more than 84.6% over the review period of 2020-2026. The increasing spending on blockchain around world, the effective growth in the adoption of blockchain technology in the retail industry, growing efficiency, speed in retail as well as supply chain transactions and decreased total cost of proprietorship are the few aspects responsible for growth of the market over the review period. For instance: as per Statista, the International spending on blockchain solutions is projected to increase from USD 1.5 billion in 2018 to an predicted USD 15.9 billion by 2023. However, indeterminate Regulatory and compliance Environment is the foremost factor limiting the growth of worldwide Blockchain in Retail market throughout the forecast duration.

Although, the regional analysis of worldwide Blockchain in Retail market is considered for the effective regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Whereas, the Asia Pacific is the leading/significant economy across the globe in terms of market share due to the increasing technology implementation and infrastructure. Whereas, Asia-Pacific is also predicted to exhibit greatest growth rate / CAGR over the review period of 2020-2026.

Nonetheless, the Blockchain in retail delivers the on-time delivery, real-time information, and record-time provision for retailers. Moreover, blockchain guarantees reliability, quality, product protection, and authenticity along with enabling the supply chain partners to know about their products location. Such factors propel the market growth for blockchain in retail industry. Additionally, augment in requirement for transparent transactions and smart contracts is the foremost factor propelling the market growth for blockchain in retail industry. Therefore, in the near years, it is predicted that the market of blockchain will increase around the globe more effectively over the incoming duration.

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Growth in Construction Sector Expected to drive Global industrial Gloves Market: Ken Research

Industrial gloves are protective wear that protect the skin from heat, harmful environments and sharp metals. They are designed to give comfort to the wearer and don’t obstruct the efficiency & competence of the wearer. They find their application in manufacturing plants, chemical plants, assembling plants and medical institutions. Insulated gloves are required for safety and security of workers form electric shock, abrasions, punctures, cuts, high temperature, arc flash and arc blasts of energized equipments on which workers are working in industries manufacturing & maintenance sector. Rising concern of improving labor protection from risk in automotive and construction sector is driving the market for insulated glove.

According to study, “Global Insulating Gloves Market to reach USD XXX billion by 2026” the key companies operating in the global insulating gloves market are Top Glove Corporation Berhad, Hartalega Holdings, Riverstone Holdings Limited, Careplus Group Berhad, Supermax Corp., Ansell Healthcare, SHOWA, Inc., Honeywell International Inc., Kossan Rubber Industries Bhd, and Semperit AG Holding. Other players operating in this market include ATG Sitec GmbH, Acme Safety, Arco Limited, and Blaklader B.V. These major key players are adopting different strategies such as joint venture, agreement and business expansion to stay competitive in the global industrial gloves market.

Based on usability, insulating gloves market is segmented as disposable usability and reusable usability. Disposable gloves on the basis of material, market are segmented as natural rubber, vinyl, neoprene, nitrile, polyethylene, and others. Disposable gloves on the basis of end-user, market is segmented as aerospace, flat panels, food, hospitals, disk drives, medical devices, semiconductors, pharmaceuticals, and others. The disposable gloves segment holds major share in market as these gloves are resistant to solvent & odor free that has led to enhance in their usage in the food, medical devices, hospital and pharmaceutical industries. Reusable gloves on the basis of glove type, market are segmented as dipped gloves, supported knitted gloves, knitted gloves, and others. Reusable gloves on the basis of protection, market are segmented as chemical/liquid protection, general purpose/mechanical protection, and product protection. In addition, reusable gloves on the basis of end-user, market is segmented as machinery, metal fabrication, oil & gas, automotive, chemical, , food processing, office building cleaners, construction, plane manufacturing, healthcare, and others.

The insulating gloves market is driven by rise in demand for superior performance and comfort, followed by safety regulations & rules and growth in healthcare & food processing industries. However, Lack of awareness regarding usage of industrial gloves and availability of local & inexpensive products may impact the market. Moreover, rise in focus on maintaining hygiene across industries and potential growth opportunity for insulated gloves in emerging market are key opportunities for market. Furthermore, rise in application in healthcare is a major trend for market.

Based on geography, the North-American region dominates the global insulating gloves market owing to growth in construction sector along with rise in urbanization in both United States and Canada. Whereas, the Asian-Pacific and North-American regions are anticipated to exhibit highest growth rate due to growth in industrialization and manufacturing sector over the forecast period.

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Global Insulating Gloves Market

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Global High and Medium Voltage Insulating Gloves Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

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Growth in Improvement of Data Center Capacities Expected to Drive Global Industrial Ethernet Switch Market: Ken Research

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An Ethernet switch is a multiport network switch, which connects all computer networking devices together on a computer. It helps in connecting Ethernet devices and also helps in receiving frames of data from one device and passes the frames to appropriate switch ports connected to an Ethernet. Generally, Ethernet switches use store & forward method for passing frames in which the switch receives & sends the entire frame at once. The switches are capable of storing these frames in the data table and can learn the location of devices, for instance, PLC, SCADA, and others in the industry. These switches are capable of monitoring the network with LED and providing frame setting capability.

Industrial Ethernet switches are classified into two types: managed switches and unmanaged switches. Managed switches are capable of supporting the Simple Network Management Protocol (SNMP), which is used for information collection and configuring & monitoring of network devices. While, in the case of unmanaged switches, the status of LED indicates network connectivity. The key advantage of using a managed switch is that it provides port mirroring function.

According to the study, “Global Industrial Ethernet Switch Market to reach USD XX billion by 2026” the key companies operating in the global industrial Ethernet switch market are Cisco Systems Inc., TP-LINK Technologies Co., Ltd., D-Link Corporation, Hewlett-Packard (HP), Juniper Networks Inc., Siemens AG, IBM Corporation, TRENDnet, Inc. and Microsoft Corporation.

Based on type, the industrial Ethernet switch market is segmented as fixed-configuration networks, modular switches, managed L2 and L3 switched smart switches and others. Based on end-user, the market is segmented as small enterprises, medium enterprises, and large enterprises. In addition, based on industry vertical, the market is segmented as manufacturing, energy & power, aerospace & defense, automotive & transportation, oil & gas, and others.

The industrial Ethernet switch market is driven by growth in the improvement of data center capacities, followed by an increase in the deployment of Ethernet-based solution in industries, growth in deployment of smart grids presence of large manufacturing industries, and a surge in dependency of organizations on data centers. However, lack of expertise and high cost associated with the installment of managed industrial Ethernet switches may impact the market. Moreover, an increase in the need for automatic switching devices and a rise in demand for high-speed data, services are key opportunities for the market.

Based on geography, the global industrial Ethernet switch market is segmented as North America, Asia Pacific, Europe, and Rest of the world. The Asian-Pacific region dominates the global market owing to growth in deployment of industrial Ethernet among industries in various stages such as PLC (Programmable Logic Control) communication and SCADA (Supervisory control and data acquisition) integration are driving the market in this region. Whereas, the North-America and European regions are anticipated to exhibit higher growth rate due to the growth of fiber optics in telecommunications and rise in usage of optical fibers over the forecast period.  In upcoming years, it is predicted that the future of the global industrial Ethernet switch market will be bright as a result of growth in the deployment of data centers coupled with the rise in need for components assisting data centers during the forecast period.

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Global Industrial Ethernet Switch Market

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Global Industrial Ethernet Switches Market Status and Future Forecast 2015-2025

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Growth in Construction Sector Expected to Drive Global Floor Covering Market: Ken Research

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The floor covering is a piece of material, used to protect and decorate a floor. These products are precisely made with rubber, felts, textiles, resins and other artificial & natural substances primarily applied on the base level surface. They are mainly applied in residential & commercial spaces to offer decoration, comfort, safety, and durability to the flooring space.

According to the study, “Global Floor Covering Market to reach USD 469.2 billion by 2026” the key companies operating in the global floor covering market are Armstrong Flooring, Mannington Mills, Inc., Dixie Group, Inc., Gerflor Group, Forbo Holding, Mohawk Industries, Inc., Home Depot Inc., Shaw Industries Group, Inc., Interface, Inc. and TOLI Corporation. The major players are investing in advanced equipment that helps companies to install the product on a shorter timeline.

Based on product, the floor covering market is segmented as wood flooring, carpet & area rugs, ceramic tiles flooring, vinyl flooring, laminate flooring, stone flooring, and other products. The rugs and carpets segment holds a major share in the market owing to their aesthetic & functional properties which can cover the floor as well improve the overall home & office decor appeal. The rise in consumer spending on home décor products to bring aesthetic enhancements is also driving the market growth. Vinyl flooring is expected to witness higher growth rate as it is cost-effective in nature and exhibits various features, such as flexible handling, durability, and design possibilities, which make it suitable to be used in schools, offices, hospitals, and houses. Based on the distribution channel, the market is segmented as flagship stores, home centers, online stores, specialty stores, and others. In addition, based on end-user, the market is segmented as residential replacement, commercial, and builder.

The floor covering market is driven by growth in the construction sector which include establishments of both commercial and residential spaces, followed by a rise in adoption & utility in hotels or restaurants, surge in disposable income of the individuals. However, the amount of non-degradable waste which is generated through the manufacturing of textile floor coverings consisting of carpet & rugs may impact the market. Moreover, rise in demand for luxury flooring in both developed and developing the country is a key opportunity for the market.

Based on geography, the North-American is the sign of the region in the global floor covering market owing to growth in the construction sector which includes establishments of both residential and commercial spaces across the region. Whereas, the European and Asian-Pacific regions are estimated to witness higher growth rate due to the low cost of floor coverings coupled with high disposable income of the individuals over the forecast period. In upcoming years, it is expected that the future of the global market will be bright because of the rise in demand for luxury flooring by the customers coupled with growth in textile production in India and China during the forecast period. The global floor covering market is valued approximately at the US $290 billion in 2018 and is likely to grow with a healthy growth rate of more than 6.20% over the forecast period 2019 to 2026.

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Global Floor Covering Market Outlook

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Global Marine Floor Covering Material Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

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