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Industrial Profibus Market: Low Cost Solutions For Industrial Automation

Profibus is one of the new generations of fieldbus I/O bus networks. Profibus is a fieldbus used to connect field devices at the plant level and communicate data between field devices and control systems at the enterprise level. Profibus also helps to attain better yield and higher product quality through the delivery of better and up-to-date data to operations. Profibus uses a multi drop single cable to connect the devices. This method is cost effective especially for larger sites. It is easy to find faults as it is a single cable. Profibus is the world’s leading fieldbus system. Many vendor companies have developed profibus capable devices for discrete and process automation. In a profibus, less hardware is needed which indirectly leads to lowered installation and life-cycle costs. Among these fieldbuses, profibus is the prominent open fieldbus system and it enjoys worldwide acceptance. Furthermore, all leading manufacturers of automation technology offer Profibus interfaces for their devices. Profibus is the world’s only complete and interoperable fieldbus solution based on the compatible Profibus-PA (HI) and Profibus-DP (H2) technologies. Profibus simplifies the plant design and eliminates hard wiring. Profibus is a good solution in reducing control system cost and offering important functions in the industrial automation.

Need for low cost solutions for industrial automation, need for easy and consistent integration of functional safety and motion control for factory automation and growing acceptance of smart manufacturing techniques are some of the primary factors driving the growth of global industrial profibus market. There are recent developments taking place which is related to the seamless connection of 4G communication technology with profibus in order to realize the application of 4G in fieldbus. Efforts are being taken by many companies to upgrade their research and development activities to introduce innovations in this field. Therefore, monitoring Profibus field equipment by 4G network is bound to become one of the industrial field monitoring systems in the future development direction, with a strong market demand and broad application prospects.

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The global industrial profibus market is segmented on the basis of type, application and region. On the basis of type, the industrial profibus market is subdivided into Profibus-PA and Profibus-DP. Profibus-PA is a type of profibus solution that is specifically used for process automation. Profibus-PA is an application profile of Profibus-DP that is designed specifically for operating in hazardous environments. Profibus-DP is used for factory automation. It is simpler and faster than other protocols. Its application profiles allow users to combine the requirements for specific solutions. Profibus–DP is generally used for high speed field level communications and is generally designed for internal use such as cabinet mounting. Profibus-PA is generally designed for external use such as field mounting. On the basis of application, the industrial profibus market is segmented into manufacturing, process automation, functional safety systems, gas & oil industry, robotics and power industry. Profibus-PA is broadly accepted by many industries such as oil and gas, food and beverage as well as power. Power industry is the largest end user segment as profibus helps to establish faster communication between automation systems and distributed peripherals. The industrial profibus is suitable for both fast, time critical applications and complex communication tasks. The profibus covers the application specific demands from the field of factory to process automation. Geographically, the industrial profibus global market can be segmented into North America, Europe, Asia-Pacific, Middle East & Africa and South America.

Some of the key players operating in the global industrial profibus market with most significant development are Applied Materials, Alstom, Robert Bosch, Mitsubishi Electric, Hitachi, Fuji Electric, Invensys, Texas Instruments, Rockwell Automation, General Electric, Flowserve, AMETEK ABB Group, Siemens AG and Emerson Electric Co. among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Linear Optocouplers Market: Research And Development Activities To Lead Innovations

Optocoupler is a passive optical component that can combine or split transmission data (optical power) from optical fibers. It is an electronic device which transfers electrical signals by using light waves. Linear optocouplers provide coupling with electrical isolation between its input and output when the electrical signals are transferred using light waves. Linear optocouplers consist of one LED optically coupled to two matched photodiode detectors. Photodiode detectors are used for excellent linearity. The photodiode on the input side acts as a feedback device permitting an external feedback loop to ensure constant LED light output. A similar matching photodiode on the output side is used to drive an output circuit that is electrically isolated from the input. A fixed relationship is thus maintained between input and output. Linear optocouplers consist of an AlGaAs IRLED irradiating an isolated feedback as well as an output PIN photodiode in a bifurcated arrangement. The feedback photodiode captures a percentage of the LED’s flux and generates a control signal which can be used to servo the LED drive current. Linear optocouplers couples AC as well as DC signals. It has high gain stability as well as low input-output capacitance. Linear optocouplers consumes less power and provide excellent linearity along with stability. Most of the high-performance linear optocouplers provide higher signal coupling precision. Unlike standard optocouplers, linear optocouplers operate in a servo mode configuration which compensates for LED’s non-linear time and temperature characteristics. Linear optocouplers can be used with the aid of operational amplifiers in closed loop conditions to achieve highly linear and electrically isolated AC and DC signal amplifiers.

Need for high gain stability and low power consumption and increase in demand for industrial and high-reliability markets as well as applications are some of the primary factors driving the growth of the global linear optocouplers market. However, linear optocouplers are more affected by current drive conditions as the detector operates in a high-injection region when the LED produces normal light output and does not have the extra operating margin that is inherent in digital optocouplers. This poses a restrain to the global linear optocouplers market. Although LED degradation is often the dominant degradation mechanism in space, degradation of optocouplers with improved LEDs is limited by photo response degradation. In recent times, low cost and versatile linear optocoupler circuits had been used to reduce the noise as well as ground loop errors in measurements. Fast analog isolation can be achieved with the help of linear optocouplers. Companies are striving to upgrade their research and development activities to lead innovations in this field.

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The global linear optocouplers market can be segmented on the basis of application, industry vertical, and region. Based on application, the linear optocouplers market can be divided into medical sensor isolation, audio signal interfacing, power management, sensing & instrumentation, medical, audio, communications & networking as well as digital telephone isolation. Linear optocouplers can be used in digital telephone line isolation. Linear optocouplers are useful in switch mode power supplies. Linear optocouplers are designed to provide higher signal coupling precision. On the basis of industry vertical, the global linear optocouplers market can be classified into telecommunications, military and aerospace, and industrial motors and automotive, among others. In terms of region, the global linear optocouplers market can be categorized into, Middle East & Africa, Europe, the Americas, and Asia Pacific.

Key players operating in the global linear optocouplers market include Fairchild Semiconductor, Toshiba, Vishay Intertechnology, Inc, Renesas Electronics, Siemens, Infineon Technologies, Skyworks Solutions and Sharp Corporation.

Paediatric Vaccine Market Growing Demand, Competition, Investment Opportunities & Forecast 2026

According to a new report published by Future Market Insights titled “Paediatric Vaccine Market: Global Industry Analysis & Opportunity Assessment, 2016 – 2026”, in terms of revenue, the global paediatric vaccine market is expected to increase at 12.2% CAGR during the forecast period 2016-2026. The global paediatric vaccine market is expected to reach US$ 27.97 Bn in 2016.

Paediatric vaccine market is a billion dollar market accounting for a substantial proportion of healthcare expenditure in the recent times. The paediatric vaccine market is segmented according to indication, technology and vaccine type. According to the indication, the paediatric vaccine market is sub segmented into pneumococcal, DTP, rotavirus, influenza, meningococcal, hepatitis B, Hib, MMR and polio. According to technology the market is further segmented into live or attenuated, inactivated or killed, toxoid, conjugate, subunit and recombinant vaccines. By vaccine type, the global paediatric vaccine market is segmented into monovalent and multivalent vaccines.

A slew of routine immunisation initiatives rolled out by the government and private agencies has broadened the market for the paediatric vaccines. A new wave of funds pumped into the market by different government and private players to cork the rise of the child deaths across the globe has also opened a new window of opportunity for the paediatric vaccine market. As per the report of WHO (World Health Organization), the global spending on immunisation soared from US$21.4 to US$26.9 per infant in 2014. The massive economic boom in some regions of the world is expediting the growth of the paediatric vaccine market.

Segmentation analysis

  • By indication, pneumococcal segment accounted for higher revenue share in global paediatric vaccines as compared to other product segments. The pneumococcal segment is expected to reach a value of US$ 31.58 Bn by 2026, reflecting a CAGR of 14.4% over the forecast period. The growth of pneumococcal segment is attributed to the increasing incidence of infectious diseases.
  • In terms of revenue, Hib vaccine segment is the second most growing segment and is expected to reach a value of US$ 13.49 Bn by 2026, growing at a CAGR of 13.4%. Hepatitis B and meningococcal segment are expected to show double-digit CAGR growth in the forecast period contributing to the growth of global paediatric vaccine market.

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  • By technology, conjugate segment accounted for highest revenue share in global paediatric vaccine market as compared to live or attenuated segment. The conjugate segment is expected to reach a value of US$ 32.09 Bn by 2026, reflecting a CAGR of 14.8% over the forecast period. This is expected to be closely followed by the growth of pneumococcal and meningococcal vaccines in this segment
  • By end user, institutional health centres account for higher demand for paediatric vaccine as compared to other end user segments such as hospital pharmacies and retail pharmacies. The strong growth in institutional health centres can be attributed to increasing government interventions in immunisation programs in order to improve vaccine coverage. Institutional health centres are expected to register highest CAGR of 13.8% over the forecast period.

Regional analysis

By region, North America is dominating the global paediatric vaccine market due to improved healthcare infrastructure in this region. The North America paediatric vaccine market is expected to be valued at US$ 20.15 Bn by 2026 growing at a CAGR for 11.0%. In addition to North America, demand for paediatric vaccines has been significantly growing in Western Europe and APEJ. APEJ is expected to grow at a CAGR for 14.9% over the forecast period and is expected to dominate the market by 2026 by generating revenue of US$ 22.69 Bn and revenues in Western Europe are anticipated to grow by 11.2%. Middle East and Africa is expected to grow at a CAGR of 12.6% and this growth is anticipated by growth government intervention for immunisation by carrying out national level immunisation campaigns and also disease specific immunisation campaigns.

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Vendor insights

Key players in the global paediatric vaccine market include Indian Immunologicals, GlaaxoSmithKline Plc., Pfizer Inc., Sanofi, Merck & Co. Inc., Panacea Biotec, Zydus Cadila, Emergent BioSolutions Inc., Serum Institute of India Pvt. Ltd., and Bharat Biotech. The growth of paediatric vaccine market is attributed to the development in the research by key players in the field, for instance, in February 2016, GSK submitted US regulatory submission for expanding the indication of FLuLaval Quadrivalent, influenza vaccine, for infants more than 6 months. These developments will boost the growth of the global paediatric vaccine market.

Laser Technology Market: High-Speed Transmission Of Data In Digital And Analog

Laser is an abbreviation for light amplification by stimulated emission of radiation. A laser is a device that releases a beam of coherent light through an optical amplification process. There are many types of lasers including solid state lasers, gas lasers, fiber lasers, dye lasers and diode lasers. A laser beam is created when the electrons in atoms in special crystals, glasses or gases absorb energy from an electrical current and become active. Laser light is different from normal light as laser light contains only one specific color. The particular color or wavelength of light is determined by the amount of energy released when the stimulated electron drops to a lower orbit. Laser light is directional and it generates a very tight beam. Gradually laser technology gained wider possibilities of being utilized in almost all areas of industrial production. Using the unique assets of laser radiation can further streamline a number of applications to achieve top quality and reduce production costs.

The main factors contributing to the growth of laser technology market are, production of small or micro devices, stability of laser prices and increasing demand from the healthcare sector. Improved performance of laser over the traditional material processing techniques is also factor driving the growth of laser technology market. High accuracy along with greater productivity and minimal environmental effects are some of the key advantages of laser solutions. Laser technology is suitable for the optical communication, since it uses high-speed transmission of data in digital and analog fiber optic networks as this works in favor of laser technology market. Growth in laser technology can also be attributed to fast processing laser machine tools from various verticals and the increasing demand for cost-effective, also new and different markets in laser technology. Whereas the key issue for the growth of laser technology market could be higher power consumption, burning and difficulty in cutting certain materials in the material processing market can prove to be detrimental.

The laser technology market is segmented by type, application, vertical and geography. On the basis of type, laser technology market is segregated into solid, liquid and gas. Solid-state lasers are lasers based on solid-state gain media such as glasses or crystals. A liquid laser uses the liquid as a medium for laser. In liquid lasers, energy to the laser medium is supplied by light and in gas laser electric current is discharged through a gas inside the laser medium to produce laser light.

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Furthermore, the laser technology market is divided based on application into optical communication and laser processing. Optical communication is a technique of transmitting information from a place to another by sending pulses of light through an optical fiber, whereas laser processing involves marking, cutting, welding, drilling, ablation and cleaning. By verticals the laser technology market is again subdivided into research, military & defense, telecom & IT, healthcare, electronics and automotive segment. Geographically, laser technology market is distributed over North America, Europe, South America, Asia Pacific and Middle East & Africa. Asia Pacific is expected to dominate the laser technology market due to the increasing demand for cost-effective and fast processing laser machine tools from the semiconductor, industrial, telecommunication, and automotive vertical.

Major players in the laser technology market are IPG Photonics Corp. (US), Coherent, Inc. (US) Trumpf Group (Germany), Jeanoptik AG (Germany), Quantel Group (UK), LasaerStar Technologies Corp. (US), Novanta Inc (US), Lumentum Holdings Inc. (US), Epilog Laser (US), Han’s Laser Technology Industry Group,MKS Instruments (US) and GSI Group Inc and so on. Further, to gain a competitive advantage, these players are actively involved in organic and inorganic growth strategies. Collaborations, partnerships, agreements, and new product launches are some of the important strategies followed by them.

Laser Diode Driver Market: Major Automotive Industry

Laser Diode Driver Market is a device that conducts high value current in one direction and limited current in opposite direction. A laser diode as the name suggests works in the same diode principle. Laser diode drivers supply current and voltage from a single laser diode to multiple laser diodes. The drive also protect the laser from oversupply of current.

Rising demand of photodynamic therapy (PDT) or therapeutics, aesthetics, diagnostics and surgical treatments among others will increase demand for laser diodes and subsequently demand for laser diode drivers will increase. There is a rising demand for LASIK surgery or laser eye surgery due to increasing convenience for patients to get rid of glasses especially women, higher precision, shorter recovery time for patients. Rising demand of LASIK surgery will increase demand for laser diodes and subsequently increase demand for laser diode drivers. Laser headlights in cars can travel double the distance as compared to standard LED headlights. BMW and Audi has launched cars with laser full beam. Rising demand of automotive laser headlamps is expected to increase demand for laser diodes and subsequently increase demand for laser diode drivers.

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Rising transition to 4G mobile technology from 3G mobile technology and broadband internet are expected to increase demand for laser diodes and subsequently increase demand for laser diode drivers. Rising demand of semiconductor photolithography, mask-less lithography and 3D printing is also anticipated to increase demand for laser diodes and subsequently laser diode drivers. Rising demand of non-lethal weapons including PHaSR (Personal Halting and Stimulations Response Rifle) which use laser beams to temporarily blind enemy will increase demand for laser diodes and subsequently demand for laser diode drivers. Green laser devices is expected to create opportunity for laser diode industry and subsequently for laser diode drivers. One of the major restrains of laser diode is its degradation over time. So with passage of time, laser diodes consume more current to produce same optical output. In case of current flow beyond a point the optical output falls abruptly and diode is damaged irreversible which is known as catastrophic optical damage (COD). This is expected to decrease demand for laser diode and subsequently laser diode drivers.

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The laser diode driver market when segmented by product are seed laser diode driver, pulsed laser diode drivers, CW (continuous wave) laser diode driver and others. By data rate, the market is segmented into ‘less than 1 Gbps’, 1 Gbps – 4.5 Gbps, 5 Gbps – 10 Gbps and others. By protocol the market is segmented into ethernet, synchronous optical networking (SONET), fiber channel and others. By end use industries, the market is segmented into industrial, communication & optical storage, military, healthcare, instrumentation & sensor and others. The majority of laser diode drivers are Pulsed laser diode drivers and CW laser diode drivers. Among end use industries automotive and healthcare are expected to increase demand for laser diode and subsequently demand for laser diode drivers will increase.

The market when segmented by geography are North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America. APAC with major automotive, telecommunication and manufacturing hub is expected to be the fastest growing market for laser diode and subsequently demand for laser diode drivers will increase. North America and Europe are some of the largest market for laser diode drivers due to presence of major automotive industry in those regions.

Some of the major firms in laser diode driver market are Linear Technology (the U.S), Analog Devices (the U.S.), Maxim Integrated (the U.S), Newport Corporation (the U.S), Texas Instruments (the U.S), Wavelength Electronics (the U.S), Intersil (the U.S), Monocrom (the U.S), Microchip (the U.S), IC-Haus (Germany) among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Iris Recognition Market: Smart Cards And Token Based Authentication

Iris recognition is an important method used in identification of people. This technology uses mathematical pattern recognition technique on video images of both the irises, whose complex random pattern are stable, unique and are visible from certain distances. This technology is widely used due to the non invasive and non intrusive nature. Iris recognition thorough its video recognition technology and infrared illumination, acquire images of the intricate and detail rich structures of the iris that is externally visible. Moreover, it is now been used in different countries for different purposes like passport free automated border crossings and many more.

Iris Recognition Market: Drivers and Restraints

The market is primarily driven by the increasing demand of security systems. Occurrence of cybercrimes, terrorist attacks and many other illegal activities has increased the demand of high security systems. This is one of the most secured and accurate technologies to identify person by analyzing the random pattern of the iris. Another important driver of this market is the high demand from different travel and immigration and various government organization.

Due to high security concerns in different government organizations and travel and immigration, iris recognition is used. This technology is accurate, works errorless and is more secured technology used for security purposes. Further, the uniqueness, stability and security are also one of the important factors escalating the demand of iris recognition market globally. The iris pattern are stable, uses richness of textures details present in the iris like coronas, furrows, freckles and stripes, hence they are more secured in nature.

The major restraint of this market is the expensive iris recognition systems. The cost of this iris recognition system is so expensive that it is likely to cost five times more than the cost of fingerprint scanning. Another major restraint of this market is that the iris is a very small target to scan perfectly. To scan the iris properly, the head of an individual has to be still. Moreover, anything that causes reflection makes the systems difficult to recognize the iris. Thus, it is one of the vital factors restraining the global iris recognition market. Alternative inexpensive products like smart cards and token based authentication are posing threats in the global iris recognition market as they are low in price than the iris recognition system.

The major opportunity of global iris recognition market is the expansion of iris recognition systems in the existing application areas like banking, finance, consumer electronics, travel and immigration and many others. Apart from this implementation of these systems in automate teller machines, mobile devices and pharmacy dispensing is also creating ample opportunities in the global market after the forecast period.

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Iris Recognition Market: Segmentation

The iris recognition market has been categorized based on types that include smart watches, personal computers and laptops, scanners, smart phones and others. Moreover, the iris recognition market is segregated based on application which includes travel and immigration, government organization, military and defense, banking and finance, consumer electronics, health care and others. Based on geography, the market is segmented into four regions: North America, Europe, Asia-Pacific and Rest of the World.

The major players in the iris recognition market are Iris Id, Inc., Bioenable Technologies, Smartmatic International Corporation, Crossmatch Technologies Inc., 3M Cogent Inc., Safran SA, Irisguard Inc., Eyelock Inc. and Sri International Inc. among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Flow Cytometry Market to Reach at a CAGR 7.1% by 2022

Flow cytometry is used to monitor microscopic particles with the help of electronic devices called flow cytometers. Flow cytometry is used in stem cell research, in the development of immunology products and vaccines and also in CD4 testing. The global flow cytometry market is influenced by various factors such as medical and technological developments in flow cytometry products, rising use of flow cytometry in clinical trials, in detection of blood cancer, in research, in launching of new reagents for critical applications such as drug discovery and diagnostics and also in development of intuitive and user-friendly software are fuelling the growth of the flow cytometry market in the forthcoming timeline. Moreover, rising prevalence of AIDS and cancer has triggered the adoption of flow cytometry technology in scientific research. This is supporting the growth of the global flow cytometry market.

The analytical and extensive research report on “Flow Cytometry Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022)” published by Future Market Insights uncovers various factors of the global market for flow cytometry which can be used to analyse and grasp opportunities in the market across regions worldwide in order to carry out expansion programs in the future. According to the market analysis in this research report, the global flow cytometry market is projected to grow at a CAGR of 7.1% during the period of assessment 2017-2022.

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5 Key Highlights on the Global Flow Cytometry Market

The global flow cytometry market is segmented by application, end user, technology, product type and region.

  • By application, the research segment is expected to dominate the global market with respect to high market share. By the end of 2022, this segment is estimated to reach a high market valuation of around US$ 1.8 Bn growing at a high CAGR during this period. The industrial segment is projected to grow at the highest rate during the assessment period and poised to gain a high BPS by the end of 2022
  • By technology, the cell based segment is the largest segment. It is projected to grow at a CAGR of 7.2% throughout the period of forecast and is estimated to gain a very high valuation during the period of assessment
  • North America region is a highly lucrative region for the growth of the global flow cytometry market. The market in North America is soaring at a higher pace and expected to surpass other regions
  • By end user, the commercial organizations segment is expected to gain the highest BPS by end of 2022. Moreover, this segment demands increasing use of flow cytometry and is the largest and the fastest growing segment in the flow cytometry market
  • In the product type category, the reagents and consumables have gained high traction in the recent years. This segment is a high contributor of growth of the global flow cytometry market. The reagents and consumables segment is estimated to gain a high BPS and grow at a high CAGR of 7.9% throughout the period of assessment

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Global Flow Cytometry Market: Competitive Landscape

The global flow cytometry market research study includes a separate section on competitive landscape in which it focuses on the key players and their in-depth analysis including company overview, SWOT analysis, developments, innovations, key financials and product portfolios. This extensive research report covers key companies such as Miltenyi Biotec GmbH, General Electric Company, Luminex Corporation, Thermo Fisher Scientific, Inc., Bio-Rad Laboratories, Inc., Merck & Co Inc., Agilent Technologies, Inc., Sysmex Corporation, Becton Dickinson and Company and Danaher Corporation.

Legal Analytics Market: Solution Helps In Risk Assessment

Technology is revolutionizing the legal services industry. Legal analytics refers to the managing process of extracting knowledge from existing legal data to help in-house legal teams and decision-makers on certain legal matters. This is done by forecasting, legal strategy, comparative legal costs, process development, billing optimization, financial operations and resource management. Legal analytics involves data mining from data contained in documents related to case and docket entries. This data is then accumulated to provide previously unknown insights into the behavior of the judges, lawyers, organizations such as courts law firm and parties involved. It also involves gaining insights from subjects of lawsuits such as patents and others that are part of the litigation ecosystem. Litigators use legal analytics to disclose trends and patterns in past lawsuits that notify about legal strategy which anticipate outcomes in ongoing cases. Legal analytics depends on progressive technologies such as natural language processing (NLP) and machine learning, to structure, analyze and obtain the required information from raw data present in case dockets and documents. Legal analytics involves statistical modelling and forecasting to reveal gainful information about the management, case handling and operations of legal department. Legal analytics solutions helps in assessing all the recordings, documents and other related files of particular case and old cases and patents similar to that in order to reveal the intended knowledge.

The legal situation, with its complex inputs and at times subjective outputs, may create difficulty to calculate and measure activities and provide results. Legal departments in cooperate sector operate across different regions, business lines and divisions, using non-consistent processes which is making data collection and value-added analysis difficult. Legal Analytics provide an economical way to perform complete legal research and strategize for a defense along with offense. While preparing for both can put a constraint on the amount of time and resources that can be dedicated to research. Therefore, legal analytics solutions are required to extract the knowledge and present it into argument able form. Legal Analytics provide an economical way to perform complete legal research and strategize for a defense along with offense. This puts a constraint on the amount of time and resources that can be dedicated to research. Analytics solution helps in risk assessment and informed decision making. Thus factors such as growing demand for automation in legal analytics to simplify the data-driven process and to make increase in revenue of law firms are anticipated to drive the market during the forecast period.

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There is lack of acceptance and awareness about legal analytics solutions. Many small and medium size law businesses are unacquainted about legal analytics solutions and they are following traditional methodologies for efficient decision-making. Also, legacy law organizations are still adopting the traditional method of storing and dealing huge storehouse of data. Moreover, various law school organizations are unaware about the functioning and benefits of legal analytics solutions. Thus, organizations and law companies are need to be aware about legal analytics solutions. Thus lack of awareness is expected to restrain the market in near future.

Market for legal analytics can be segmented on the basis of component, case type, deployment model, end user and geography. On the basis of component, market is segmented into solution and services. On the basis of deployment model, the market has been divided into on-premises and on-demand, On the basis of case type, market is segmented into intellectual property management, antitrust management, commercial case management and others. On the basis of end user, the market is segmented into corporates, law firms and others. On the basis of geography, market is segmented into North America, Asia Pacific (APAC), Middle East & Africa (MEA), Europe and South America.

Key players for legal analytics are Wolters Kluwer, Thomson Reuters, Mind crest, Inc., Unitedlex Corporation, Argopoint LLC. , Lexisnexis, Premonition, CPA Global, Analytics Consulting LLC, The Bureau of National Affairs (BNA), Inc., International Business Machines (IBM) Corporation, Wipro Limited and Key Innovator.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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