Thursday, April 25, 2019

Vietnam Facility Management Market Outlook to 2023: Ken Research


The report titledVietnam Facility Management Market Outlook to 2023 - By Single, Bundled and Integrated Services; By Soft Services (Housekeeping, Security, Landscaping and Others) and Hard Services (Electromechanical Services, Operations and Maintenance Services, Fire Safety and Security Systems), By End User Sectors (Commercial, Industrial, Hospitality, Residential, Infrastructure and Others)covers introduction on Vietnam Facility Management market, business acquisition process vendor selection process, trends and developments, issues and challenges, SWOT analysis, competitive landscape and government regulations. The report concludes with market projection and analyst recommendations highlighting the major opportunities and cautions.

Market Overview
Vietnam Facility Management market is at a growing stage. The industry revenue has increased at a positive CAGR of over 5% during the period 2013-2018. This growth was supported by higher FDI inflows in the economy, public sector outsourcing, cost control measures, greater demand from end user sectors (such as commercial, industrial and others), rapid urbanization and technological advances, along with rising demand for commercial and residential spaces in the country, wherein market players catered to the needs of the clients for both hard and soft services. The customers in the market are highly price sensitive and a lack of awareness about the importance of facility management services has resulted in low penetration of these services.

Integrated Facility management market is relatively at a growing stage in the country and its popularity has grown in outsourcing of services and an aim to achieve cost and operational efficiency, for both clients and vendors. Facility management services are used by both local companies and MNCs in the country. However, the local companies usually prefer single or bundled services due to their small scale of operations whereas the MNCs prefer integrated facility management (IFM) services in Vietnam.

By Soft Services and Hard Services: Soft services dominated the market in Vietnam in terms of generating revenue in 2018. The development in sectors such as real estate, greater demand for retail & commercial spaces, increase in foreign direct investment and an increase in commercial activities has amplified the demand for soft services in the country owing to rise in need for cleaning and security services. On the other hand, hard services accounted the remaining revenue share in facility management market.

By Type of Services: Bundled services contributed a major share in terms of generating revenues for the industry in 2018. Bundled services are largely demanded by retail and commercial private sectors. This was followed by Single and integrated services.

By End User Sectors: Commercial sector contributed the highest revenue share in the overall facility management industry in Vietnam in 2018. This was followed by the industrial, hospitality, residential, infrastructure and other sectors respectively. Infrastructure sector was largely driven by government expenditure on maintaining and developing roadways, rails and airports.

By Personnel Type: The facility management market in Vietnam in 2018 was dominated by services which were provided through in-house labor to the other companies in the market. It accounted more than half share in total revenue in the FM market, the remaining share accounted by outsourced personnel.

By Soft Services (Housekeeping, Security, Landscaping and others): Housekeeping services was the largest contributor to the soft services industry in 2018 followed by Security Services, landscaping and other soft services including property services, mail delivery services and other services. Growth in residential, commercial and retail spaces has led to increase in demand for cleaning services in the country.

By Hard Services (Electromechanical services, Operations and Maintenance Services, Fire Safety and Security Systems): Electromechanical services (including HVAC) have dominated the hard services market in Vietnam followed by operational and maintenance services and fire safety and security systems during 2018 in terms of revenue. Electromechanical services has the highest share resulting from implementation of better technology and a growing demand for FM services from industrial sector where complex machinery and critical installations need to be services.

Competitive Landscape
The Vietnamese Facility Management services market is moderately concentrated in nature. JLL is the market leader and has the highest market share in the Facility Management market in Vietnam on the basis of revenue in 2018. This was followed by CBRE, RCR Resolve FM Vietnam, Sodexo, Aden, Atalian and others. These market players compete on the basis of price of services, quality and knowledge of services, track record and past history within the industry and sectors serviced, skilled workforce, and established client relationships.

In future, it is anticipated that Vietnam facility management industry revenue will increase at a positive CAGR during the period 2018 – 2023E. In Vietnam, it is expected that the demand for both soft and hard services will be augmented largely due to growth in the Government outsourcing through Public Private Partnerships (PPP) and Build operate transfer (BOT). Increasing demand from multinational clients is likely to drive future demand for Integrated Facility Management (IFM) services in Vietnam with industrial expansion, commercial office buildings and infrastructure sector being the future penetration sectors for IFM services. The growth in residential, retail, commercial, industrial and infrastructure sectors’ spending will further increase the demand of FM services.

Key Segments Covered:-
By Soft Services and Hard Services
Soft Services
Cleaning services
Security Services
Others

Hard Services
Electromechanical Services (including HVAC)
Operational and Maintenance Services
Fire Safety and Security Systems

By Type of Services:-
Single Services
Bundled Services
Integrated Facility Services

By End User Sectors:-
Commercial Sector
Residential Sector
Retail Sector
Industrial Sector
Infrastructure And Others

Key Target Audience:-
Facility Management Companies
Real Estate Construction Companies
Foreign investors

Time Period Captured in the Report:-
Historical Period: 2013-2018
Forecast Period: 2018-2023E

Companies Covered:-
JLL
CBRE
RCR Resolve FM Vietnam
Sodexo
Aden
Atalian
Savills
Aeon Delight
PMC
P. Dussmann Co. Ltd.

Key Topics Covered in the Report:-
Executive Summary
Research Methodology
Introduction on Vietnam Facility Management Market
Vietnam Facility Management Market Size by Revenue (2013-2018)
Vietnam Facility Management Market Segmentation
Vietnam Facility Management Market Segmentation by Soft and Hard Services
Vietnam Facility Management Market by type of services (Single Services, Bundled Services and Integrated Services)
Vietnam Facility Management Market by End User Sectors
Vietnam Facility Management Market by Personnel Type
Trends and Developments in the Facility Management Market
Issues and Challenges in the Facility Management Market
Government Regulations in Vietnam Facility Management Market
SWOT Analysis of Vietnam Facility Management Market
Competitive Scenario in Vietnam Facility Management Market
Shares and Company Profiles of Major Players in the Market
Vendor Selection Process in Vietnam Facility Management Market
Vietnam Facility Management Market Future Outlook and Projections (2018-2023E)
Analyst Recommendations in Vietnam Facility Management Market

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Mobile Payments Market Share, Size and Industry Analysis 2025 : Ken Research


The digital Payments Market has grown more significantly on surging trend in global scenario in the present years. In the present era, the population of the respective region has become so much advanced and active which need the things in the very short duration with less efforts and easily. Additionally, growing acceptance of the digital marketing by the young population and increasing acceptance of the cashless payment modes like debit and credit cards are some other factors which propel the market growth of the digital money transfer across the globe. Whereas, in India the Prime Minister Narendra Modi launched three Indian Mobile payment apps an year back at a business event here focused at internationalization of the country’s digital payment platforms. Furthermore, the players of this market are doing significant developments for offering better consumer services and delivering better consumer experience which further profitable for leading the fastest market growth and attaining the high value of Payments Market Research Report around the globe more positively throughout the forecasted period.

The digital Payments Industry offers several advantages such as it is time convertible process, it also holds expenses on the transactions, it decreases the risk of loss and theft as they are protected, it is appropriate to utilize, and it also offer advantage of simpler international payment.Moreover, in India, the merchant payments were experienced to be the central aspect of all the payment service for the large enterprises as well as MSMEs, which are perfectly becoming integrated with PoS and mPoS terminal devices. The outpouring in growth of the electronic payments across the globe, along with increasing E-commerce and M-commerce transactions are further anticipated to deliver a boom to the several entities involving the payment gateway services suppliers and payment aggregators that simplify the online payments in the respective country.

Additionally, the foremost driving factors of global Digital Money Transfer market are growing implementation due to convenience and increase in the e-commerce industry. However, the main advantages of digital money transfer is that it often works 24/7 hours, so it has the extemporaneous user interface. Therefore, in the near future, it is anticipated that the market of digital money transfer will increase across the world more enormously over the recent few years.

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Wednesday, April 24, 2019

Increase in Preference for Minimally Invasive Surgery (MIS), Followed by Increase in Demand for Procedures, and Increase in Number for Gynecological Disorders to Drive the Gynecological Surgery Robots Market over the Forecast Period: Ken Research

Robotic surgery is now preferred by majority of the gynecologist for the surgical treatment of patients with gynecologic malignancies including endometrial, prolapsed or falling of pelvic organs, ovarian cysts & masses, uterine fibroids, cervical, and ovarian cancer with partial metastatic disease. Gynecologic surgery removes the cancerous cells with a high level of care, leading to a better degree of surgical accuracy with a lower possibility of risk and complications compared to conventional procedures. Some of the other procedures include pelvic & aortic lymphadenectomy, pelvic recurrences, radical trachelectomy, radical hysterectomy, resection of diaphragm & liver metastases and isolated recurrences of ovarian cancer.

The major advantages associated are smaller incisions, faster recovery, fewer post-operative complications, decreased risk of infection, early return to normal activities, less pain and shorter hospital stay.

According to study, “Global Gynecological Surgery Robots Market 2016-2025: Market Size, Share, Forecast and Strategy” some of the major companies that are currently working in the global gynecological surgery robots market are AVRA Surgical Robotics, Inc., Medrobotics Corporation, CAE Healthcare, NovaTract Surgical, Inc., Intuitive Surgical, Omni Guide, Inc., Medtronic Inc., Titan Medical, Simbionix USA Corp., TransEnterix, Inc.       

Based on components, global gynecological surgery robotic market is segmented into a console, camera, robotic cart and wristed instruments. In console, the surgeon makes an analysis or view from the screen, manages the instruments & camera by finger graspers & foot pedals. Camera allows for a three dimensional or 3D image of the pelvis with image synchronizers & illuminators. Robotic cart includes three or four interactive arms that hold apparatuses through trocars attached to the patient.

Based on disease type, the market is segmented into endometrial cancer, ovarian cancer and cervical cancer. Based on technology market is segmented into pelvic organ prolapsed repair, hysterectomy, myomectomy (removal of fibroids), endometriosis, adnexal surgery, pediatric gynecology, tubal anastomosis, tubal re-anastomosis, sacrocolpopexy (treatment for pelvic organ prolapsed) & hysteropexy, interval cervical suture placement, robotic assisted laparoscopic (removal of fibroids), and gynecologic oncology. Hysterectomy is further sub-segmented into radical hysterectomy and simple hysterectomy. Radical hysterectomy removes uterosacral ligaments, parametria (bands of connective tissue in the pelvis), and upper vagina. Simple hysterectomy involves removal of the uterus & cervix. Based on end-user, market is segmented into hospitals & clinics, physicians’ offices, ambulatory surgical centers (ASCs) and others.

The International Federation of Gynecology & Obstetrics (FIGO) brings together professional or trained societies of gynecologists from the global locations. It aims to promotes the safety of women and raise standard of practice in gynecology.

The global gynecological surgery robots is driven by increase in preference for minimally invasive surgery (MIS), followed by increase in demand for procedures, increase in number for gynecological disorders, enhance precision and need of eliminating any revisions with high adoption of robotic-assisted techniques. Some of the other factors supporting the adoption of MIS across the world are reduced hospital stay, recovery time, and postoperative pain. In addition, one prime factor lead to the rise in demand includes patient satisfaction that supports the manufacturers to extend more advanced robotic equipment.

It is also expected that the global gynecological surgery robot market to reach at US $2.9 billion, by 2025.

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The Increasing Handicap Assistive Robots, followed by the Accelerating Adoption of MPC Prosthetics, Coupled with Growing Geriatric Population to Drive Rehabilitation Robotics Market over the Forecast Period: Ken Research


Rehabilitation Robotics is a system of examine dedicated to understanding & augmenting analysis via use of robotic devices. Use of such kind of robots providing expansion in the use advanced devices tailored for assisting the various sensor motor functions (e.g. hand, arm, leg, and ankle), assessment of sensorimotor performance (ability to move) of patient and development of different schemes of assisting therapeutic training. Rehabilitation of such robots frequently by patient set’s up to aprecious adjunct to therapy in persons, which suffers from motor impairments, mainly due to stroke. The robotics also approve patients suffering from numerous types of illness, injury, or disease, including amputations, cancer, arthritis, orthopedic injuries, cardiac disease, neurological problems, spinal cord injuries, stroke, and traumatic brain injuries. Patients with rigorous paresis can be given with reflexive movement of the upper limb, via robotic rehabilitation. For patients with some movement power, robots supported by the weight of limb in contrast to a gravity, due to the physical interaction between subject and the robot.

According to study, “Global Rehabilitation Robotics Market 2016-2025 by Product Type (Exoskeletons, MPC Prosthetics, Assistive Robots), Application (Stroke, Orthopedics, Others), Body, Mobility and Region” some of the other major companies operating in the global rehabilitation robotics market are AlterG, Inc., BionX Medical Technologies, Inc., Assistive Innovations Corp., Chas. A. Blatchford & Sons Ltd. (Endolite), Bionik Laboratories Corp. (Interactive Motion Technologies), Chatanoonga, Ekso Bionics, Cyberdyne, Inc., Freedom Innovations, LLC, Focal Meditech, Instead Technologies Ltd., MRISAR, Hocoma AG, Kinova Robotics, Patterson, Invacare Corporation, Otto Bock HealthCare GmbH, Myomo Inc., InMotion Robotics, Parker Hannifin Corporation, Ossur, ReWalk Robotics Ltd.,Honda Motor, Motorika, Teh Lin Prosthetic & Orthopaedic Inc., Tyromotion, Aretech, Rehab-Robotics Company Limited, SF Robot, SynTouch LLC, Rex Bionics Plc., U.S. Bionics, Inc. (suitX), Touch Bionics Inc.

Based on product type, global rehabilitation robotics market is categorized into microprocessor-controlled prosthetics (MPC) prosthetics, therapeutic robots, healthcare exoskeletons, assistive robots and others. Based on robot mobility, market is segmented into fixed-base rehabilitation robots and mobile rehabilitation robots. Based on body function, market is segmented into lower extremity rehabilitation robots.In addition, based on application, market is segmented into orthopedics, military strength training, neuro-rehabilitation, stroke and others. Furthermore, based on end-user, market is segmented into hospitals, rehabilitation centers and medical clinics.

The global rehabilitation robotics is primarily driven by the increasing handicap assistive robots, followed by accelerating adoption of MPC prosthetics, growing geriatric population, increasing disability & amputation caused by orthopedic disorder & stroke, rising healthcare exoskeleton systems and some of the other major diseases or accidents across the globe. In addition, the high cost of rehabilitation robotic devices and stringent government regulations adding to the main factors restraining development of the market, particularly in low & medium-income countries. Moreover, increase in research & development (R & D) activities and insurance coverage for exoskeletons are expected to show some of the new trends of the market.

Globally, North America holds the foremost share in terms of the market revenue in terms of value which is primarily due to increase in technological innovations. It is expected that the global rehabilitation robotics market to grow significantly owing to the growing prevalence of conditions such as rheumatoid arthritis, cerebral palsy, dementia, spinal cord injury, and other age-related disabilities.

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Egypt Facility Management Market is driven by Growth in the Services Sector and Number of Infrastructure Projects Owing to the Country’s Urbanization Plan: Ken Research

“High unemployment rate and increasing FDI and in the country has driven the growth of facility management market in Egypt”.

Urbanization has led to an Increase in the Demand for Facility Management Services: The urbanization strategy by the Government of Egypt has led to the construction of several new cities in the country. Increasing infrastructural development, including both residential and commercial building, has triggered the demand for facility management services in the country.

Lack of awareness and unskilled manpower in Egypt: The labour intensive facility management industry requires huge capital investment in training the unskilled labour before assigning duties to them. Moreover, failure of the clients to recognize the potential contribution of facility management services to increase business profitability and productivity can hamper the growth of the Facility Management industry in Egypt. These are some major challenges faced by facility management service providers in Egypt.

Growing Government Concern for Terrorism and Crime: Increasing crime in the country has forced the government to adopt stringent policies. Government is appointing agencies and security service providers to ensure law and order in the country. This in turn has augmented the demand for facility management services in the country leading to the growth of sector man guarding services in the country.


Key Segments Covered
By Type of Services
Soft Service
Hard Service

By Type of Soft Service
Housekeeping (including cleaning)
Security
Landscaping
Others

By Type of Hard Service
Electromechanical and Operational Maintenance (including HVAC)
Fire Safety and Security Systems
Civil Maintenance

By Integrated Facility Services, Bundled Services and Single Services
Single Service
Bundled Service
Integrated Facility Management

By Personnel Type
In-house Personnel
Outsourced Personnel

By End User
Industrial
Commercial
Residential
Others

Key Target Audience
Facility Management Companies
Facility Management Solution Providers
Consultancy and Advisory Firms
Real Estate Developers
Construction Companies
Hospitals and Schools

Time Period Captured in the Report:
Historical Period: 2013-2018
Forecast Period: 2019-2023E

Companies Covered:
Contrack FM
Enova
EFS Facilities Management
IFMC - Apleona Group
Egypro-FME
CBRE
JLL
Qeema FM
G4S
Savills
ProService
Encorp Facility Management
Emdad Facility Management
Egypt Service

Key Topics Covered in the Report
Facility Management Businesses Egypt
Facility Management Services Cairo
Facility Management Services in Cairo
Egypt Infrastructural Projects
Egypt Commercial Projects
Security Services Egypt
Security Services Cairo
Housekeeping Services Egypt
Cleaning Services Egypt
Cleaning Services Cairo
JLL FM Services
CBRE FM Services

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Garments Market To Witness Greatest Changes In The Sourcing Strategies : Ken Research


The market for garments is facing rapid changes. Many retail brick and mortar stores are getting closed up or downsized but the demand is ever multiplying due to the online market space. This trend is expected in the market to continue and is expected to be fuelled by the growth of e-commerce, mobile users and personalisation of apparels. The global market for garments is expected to witness technological upgradation. Textile machinery hubs like Germany, India, Italy, China are already innovating in the market and these machines are capable of producing high – quality clothing. The major factors influencing the growth in the market include rise of environmentally friendly fibres, rising demand from the developing countries and rising demand for non – woven textile products.
Ken Research’s Global Garments Market (2018-2023) gives a detailed analysis on the global market for garments. The report provides details about the major challenges impacting the market growth. The report contains an in-depth analysis of the vendor's profile, which includes financial health, business units, key business priorities, SWOT, strategies, and views. The prominent vendors covered in the report include Gap Inc, H&M, Inditex,Kering, L Brands, LVMH, Nike, Adidas, Calvin Klein and Burton. The report will help the investors make strategic decisions.


Online platforms like Amazon and other big regional players are likely to expect rises in their revenues from the apparel section. Though many consumers use these platforms for comparison of prices, quality, reviews and offers, the platforms are looking to integrate various other fashion partners and influencers and try other engaging methods to boost sales.Research also show about the trends of sourcing to be diverse from multiple countries and regions that provides variability in costs, speed and flexibility. But many companies are discovering new sourcing destinations to reduce the number of vendors they are collaborating and working with due to social and environmental compliance costs. Another trend in the market is the onshoring and offshoring that is becoming much more visible than it used to be.

Region – wise, China lead the world’s production and exports in both raw textiles and garments market. This is followed by India and the US. North America is the leading producer and exporter of raw cotton. Apart from these, there are many developing countries moving up the ladder like Pakistan, Sri Lanka and other South American countries. The dynamics of China which is moving towards a service – based economy, will move the market for garments as well towards the developing markets.

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The Need of Automation Coupled with Precise Control and Artificial Intelligence to Drive the Assistive Robots Demand Globally: Ken Research


A handicap assistive robot is a device or tool that can process sensory information, sense, perform actions that help people with disabilities & older adults in the way of their daily living such as bathing & showering, food preparation & eating, taking medications, shopping, dressing, personal cleanliness & grooming, housework, communicating, child rearing, working, playing, engaging in religious observances, managing money, vacationing, exercising, relaxing, reading, socializing, mobility and education etc.

According to study, “Global Handicap Assistive Robots Market by Product Type, Body, Mobility and Region 2016-2025” some of the major companies that are currently operating in the global handicap assistive robots market are Assistive Innovations Corp., Cyberdyne, Inc., Bioness Inc., Honda Motor Co., Ltd., Instead Technologies, Ekso Bionics, Instead Technologies Ltd., Focal Meditech, Smart Rehab, Kinestica, InTouch Health, Panasonic Corporation (Activelink), Aethon Ltd., Reha Stim, Medirobotics, Invacare Corporation, Kinetic Muscles, Intuitive Surgical, Syn Touch, Rehab-Robotics Company Limited, MediTouch, TopChair SAS, Gecko Systems, YouRehab, Touch Bionics, Honda, Kinova Robotics, Rehab Robotics, ReWalk Robotics Ltd. All these vendors of the market provide their products both through lease and purchase. The leasing option is gaining distinction across end-users, primarily due to the cost factor & the possibility of replacing the product in the wake of new manufactured goods introduction in the market.

Based on type, assistive robot market is segmented into early handicap assistive robots, Desktop Vocational Assistant Robot (DeVAR) & professional Vocational Assistant Robot (ProVAR) and VA / Stanford MoVar assistive robot etc. Based on product type, market is segmented into assistive robotic devices, robotic wheelchairs and mobility aid exoskeletons. Based on robot mobility, market can be segmented into mobile robot mobility and fixed base robot’s mobility. Mobile robots are further defined as wheelchair and autonomous. Fixed base robots are defined as bedside (medicine, food & health) and workstation. Based on function, market is segmented into upper extremity robots and lower extremity robots.

Some of the major projects associated are VAHM (Vehicule Autonome pour Handicape Moteur) is a project of French acronym for autonomous vehicle for people with motor disabilities. This project is proposed an autonomous wheelchair to help the disabled people who are unpractical to drive a usual powered wheelchair. Additionally, the Sensor Aided Intelligent Wheelchair Navigation System or SENARIO project adding to an intelligent or smart wheelchair navigation system that provides semi-autonomous control modes and fully autonomous control modes. In semi-autonomous control mode, the user’s command can override by creating from the self-directed control mode, and the users can drive the wheelchair with a specified path in a particular environment. In addition, the fully autonomous control mode adds to the ability of tolerating the user’s command.

During 2017-2025, global use of handicap assistive robots is expected to reach an increasing market value of US $3.4 billion. It predicts the global market to develop rapidly driven by a fast adoption of all types of robots for instance mobility-aid exoskeleton systems, robotic wheelchairs, and other robotic assistance devices across the globe. Over the years, rehab patients and disabled people have seen aggressive advancement solutions to facilitate the daily lives and mobility.

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Growing Market Potential Of The Global Digital Asset Management Software Market Outlook: Ken Research


The Digital asset management software refers to the software which demeanor the procedure of consolidating the stored data by maintaining its digital rights and authorizations. Digital asset management software has several advantages such as remove the price of lost or misplaced work, quicken the production cycle, decrease the time to bring new marketing campaigns to market, abolish the workflow redundancies, develop the collaboration and admittance to critical assets, manage the brand steadiness, regulator over all data and enhance the marketing intelligence and measurement of the return on marketing investments (ROMI). Additionally, the players of this market are eliminating the factor which restrict the market growth and decrease the demand of such while performing their task more enormously and actively.


According to the report analysis, Global Digital Asset Management Software Market Size study, by Type (Brand Asset Management Systems, Library Asset Management Systems, Production Asset Management Systems, On-premises DAMs Software, DAMS Software-as-a-Service), by Application (Media Industry, Publishing Industry, Others) and Regional Forecasts 2018-2025 states that there are several key players which are presently functioning in this sector more actively for leading the fastest market growth and acquiring the handsome amount of market share around the globe during the forecasted period while spreading the awareness related to this and investing the high amount of money for increasing the efficiency of the outcome of this software includesAdam Software Nv, Adobe Systems Incorporated, Canto Inc., CELUM GmbH, Cognizant Technology Solutions Corporation, EMC Corporation, Extensis, Hewlett-Packard Enterprise, MediaBeacon Inc., North Plains Systems Corp., Nuxeo, OpenText Corp, Oracle Corporation, QBNK Company AB and several others. Moreover, many of the focused players of this market are analyzing the changing behavior of the consumers and knowing the upcoming market growth opportunities for generating the high amount of revenue and leading the fastest market growth in the short span of time.

Global Digital Asset Management Software Market valued around USD 1.8 billion in 2017 is expected to increase with a healthy growth rate of more than 18.0% over the forecast period of 2018-2025. Whereas, based on the region analysis, the market of digital asset management software is spread around the globe which mainly involves Asia Pacific, North America, Europe, Latin America and Rest of the World. The Asia-Pacific region is anticipated to lead the higher growth rate / CAGR over the forecast period of 2018-2025 due to the significant increase in the demand for the enterprise content management, especially in underdeveloped economies such as India, China and Japan. These countries having augmented the requirement for efficient data management and digitalization thus booming up the growth of market.North America is also the leading/significant region around the world in terms of market share due to the effective growth in adoption of cloud-based storage of data and existence of the large number foremost market player. 

Additionally, the extreme driving aspects of the global Digital Asset Management Software market are growing proliferation of digital content, decrease of the operational cost and fueling investments in digital marketing. Therefore, in the near years, it is anticipated that the market of digital asset management software will increase around the globe more enormously over the decades.
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Tuesday, April 23, 2019

Increase of Prevalence of Diabetes & Vascular Diseases, Coupled with Increase in Investment by Private and Public Players to Drive Global Robotic Prosthesis Market Over the Forecast Period: Ken Research

Robotics prosthetic is an artificial extremity that augments the function and lifestyle of the person with a missing body element. It helps to restore the ordinary function of the missing part of the individual body through the interaction between robots and human. The Artificial limbs can be managed by computer, sensation and brain with the use of advanced technology. Many of robotic prosthesis are made of waterproof with a lightweight material for instance carbon-fiber, plastic and metal alloys.

According to study, “Global Robotic Prosthesis Market 2016-2025 by Product Type, Region and Country” some of the major companies that are currently working in the global robotic prosthesis market are Artificial Limbs & Appliances, Chas. A. Blatchford & Sons Ltd. (Endolite), BionX Medical Technologies, Inc., Bebionic, Hosmer/Fillauer, Endolite, Shadow Robot Company, Freedom Innovations, LLC, Otto Bock HealthCare GmbH, HDT Global, Inc., Stryker Corporation, Aethon, Open Bionics, Smith and Nephew Inc., ReWalk Robotics, Mazor Robotics Ltd., Medrobotics Corporation, Intuitive Surgical, Inc., KUKA Roboter GmbH, Transenterix, Inc., Hansen Medical, Inc., Dr. Fresh LLC, ZOLL Medical Corporation, RSL Steeper, Nabtesco Corporation, Teh Lin Prosthetic & Orthopaedic Inc., Ossur Americas, Touch Bionics Inc., SynTouch LLC.

Based on product type, global robotic prosthesis market is segmented into Microprocessor Controlled (MPC) Prosthetic Arms, MPC Prosthetic Legs/Knees, MPC Prosthetic Feet/Ankles, MPC Prosthetic Hands and other MPC Prosthetics. Based on technology, market is segmented into Myoelectric Technology, prosthetic foot materials, microprocessor knees and Bluetooth technology. Based on technologically the advanced products market is segmented into PROPRIO FOOT, RHEO KNEE, SYMBIONIC LEG 3, and POWER KNEE. Based on extremity, is segmented into upper body prosthesis and lower body prosthesis. In addition, based on end-users, market is segmented into clinics, hospitals and others.

The global robotic prosthesis is driven by increase of prevalence of diabetes & vascular diseases, increase in investment by private and public players to technologically advance prosthetic products, increase in the number of amputation cases and growing (research & development) R&D activities. In addition, key initiatives are also accepted by the government & nonprofit organizations for instance CDC, Limbless Association, Douglas Bader Foundation, and Amputee Coalition offers assistance to amputee growing area of interest from the private vendors to invest in the market. Moreover, the other restraints include high cost of medical robotics with a poor reimbursement policies. Further rise in the advancements for materials science adds to the major opportunity from the market.

It is expected that the global unit sales to reach 123.9 thousand units owning to an accelerating implementation of Microprocessor Controlled Legs (MPLs), Microprocessor Controlled Arms (MPAs), Microprocessor Controlled Hands (MPHs), Microprocessor Controlled Knees (MPKs), and Microprocessor Controlled Feet (MPF) among others.

North American region is projected to dominate the market during the projected period due to favorable government initiatives for the robotic technology and increase in healthcare expenditure. However, Asia Pacific is expected to emerge as fastest developing region due to rapidly increasing aged population, improved healthcare infrastructure with rising economies. It also estimated that the global robotic prosthetics market to reach US $1.7 billion, by 2025. In future, increase in amputee population owing to various factors, such as frostbite, accidents, diabetes, & vascular disease, is expected to be one of the key factors likely to drive the market.

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