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Gan Semiconductor Devices Market: Focus On Research And Development

Around 65.0% share in the global gallium nitride (GaN) semiconductor devices market in 2015 was held by the top four companies, namely Cree Inc., NXP Semiconductors N.V., GaN Systems Inc., and Efficient Power Conversion Corporation. This made the overall competitive landscape consolidated and till date it remains so.

Despite being consolidated, the competition in the global market for gallium nitride (GaN) semiconductor devices is healthy as players focus on research and development to overcome issues in the product and bring about more useful ones. This is expected to stoke good growth in the market.

A report by Transparency Market Research, prepared after thorough primary and secondary research finds that the market for gallium nitride (GaN) semiconductor devices will make gigantic progress in the near future by expanding at a phenomenal 17.0% CAGR from 2016 to 2024. At this rate, the market value will likely speed from US$870.9 mn in 2015 to US$3,438.4 mn by 2024.

Gallium nitride (GaN) semiconductor devices find application in different end-use sectors such as automotive, information and communication technology, defense and aerospace, and consumer electronics, among others. The segment of defense and aerospace, of them, dominated the market with a substantial share of 42.0% in 2015.

North America, Europe, Asia Pacific, and the Middle East and Africa are some of the key geographic segments in the global market for gallium nitride (GaN) semiconductor devices. North America, among them, holds a leading share. Buoyed by the military and defense and consumer electronics sector, the market in the region is expected to rise at a rapid clip in the next couple of years. The TMR report expects it to attain a value of US$266.4 mn by the end of the forecast period.

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Low Power Consumption One of the Key Advantages Pushing up Demand

Key unique perceived benefits of gallium nitride (GaN) semiconductors are low power consumption, increased resistance to temperature, thermal stability, high breakdown voltage, and high electron mobility. These have led to GaN being identified as a green technology in various industries. As a result, GaN semiconductor devices are finding widespread usage in light emitting diodes (LEDs), radio frequency (RF) amplifiers, and power electronics.

Higher Price Deals Blow to Demand

One drawback of gallium nitride (GaN) semiconductor devices is that they are costly due to the high costs incurred in producing gallium nitride as compared to silicon carbide. In addition, packaging, fabrication, and support electronic charges too have driven up their prices, thereby affecting sales. However, with advancement in the GaN technology, which can bring about bulk production, the issue can be tackled.

Healthcare Natural Language Processing Market: Expansion Across New Application Areas And Emerging

Featuring a largely consolidated nature, the vendor landscape of the global healthcare natural language processing (NLP) market is dominated by a leading few companies that are known for their tight hold on technology and are focused on innovation and technologically advanced NLP solutions, observes Transparency Market Research in a recent report. The leading three companies in the market, namely Apple, Inc., IBM Corporation, and Microsoft Corporation collectively held nearly 41% of the overall market in 2015. So as to improve their standing in the market and compete against technology giants, companies are expected to put more emphasis on expansion across new application areas and emerging markets.

According to the report, the global healthcare natural language processing market is likely to exhibit an impressive CAGR of 18.8% over the period between 2016 and 2024, rising from a valuation of US$936 mn in 2015 to US$4.3 bn by the end of 2024.

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North America to Dominate owing to Technologically Advanced Healthcare Infrastructure

Geographically, the report states that the market in North America accounted for the dominant share in the global market in 2016 and is likely to remain the dominant force owing to the rapid adoption of technologically advanced medical solution, a technologically well-developed healthcare industry, and the strong presence of several leading NLP companies in the region. Based on technology, the market acquired its dominant share in revenue collectively from the information extraction and machine translation segments in 2016. Over the forecast period, the segment of text and voice processing is likely to expand at a CAGR of 19.9% over the forecast period.

Rising Need to Effectively Process Mounting Volumes of Healthcare Data to Drive Market

The vast rise in adoption of advanced technologies with the view of simplifying clinical solutions is expected to emerge as the key factor driving the global healthcare NLP market. The rising usage of electronic systems for the maintenance and processing of health records is leading to the generation of vast volumes of raw data. For the effective processing of this data and to streamline processes in the healthcare industry, the use of NLP solutions has increased. This trend is likely to have a major impact on the overall development of the global healthcare NLP market over the report’s forecast period.

Video Conferencing Market Significant Proportion Of The Overall Revenue

According to a new market report published by Transparency Market Research the global video conferencing market was valued at US$ 5,039.8 Mn in 2016 and is expected to expand at a CAGR of 7.9% from 2018 to 2026 to reach US$ 10,520.6 Mn by the end of the forecast period. According to the report, the global video conferencing market is expected to continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific is likely to continue to be at the forefront of global demand, with the market in the region expected to expand at a rapid pace throughout the forecast period.

Video Conferencing Market: Scope of the Report

The report offers detailed segmentation based on component and end-use industry. In terms of component, the hardware segment held a prominent market share in 2016. The segment is expected to expand at a steady CAGR over the forecast period from 2018 to 2026. High-priced end-points, including high definition (HD) displays, cameras, and microphones and dedicated video conferencing networks have contributed to a significant proportion of the overall revenue of the video conferencing market. The software segment is likely to expand at a significant CAGR during the forecast period. The compounded annual growth rate of the software segment is high owing to factors such as rising demand for cloud-based video conferencing solutions across the world. The shift toward cloud-based video conferencing solutions is currently low. However, it is expected to rise substantially in the coming years. Furthermore, the services segment is also expected to expand rapidly during the forecast period. This is due to an increasing trend among organizations to ensure the availability of video conferencing services without the need to employ and maintain a permanent in-house technical team for the purpose.

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Furthermore, among the end-use industries covered in the report, the corporate enterprise sector contributed significantly to global revenue of the video conferencing market. This is due to a rise in the number of multinational companies (MNCs) around the globe and globalization of supply chain, which has also led to a rise in need for effective long-distance communication. The health care segment is likely to expand at a CAGR of 9.2% during the forecast period. A hospital can eliminate the need to transfer a patient that needs specialized ongoing care by using video conferencing. Use of video conferencing also improves the delivery of treatment as doctors in other locations can speak directly with those administering care and make clinical diagnoses and consultations with patients. Furthermore, the government & defense sector is also expected to contribute significantly to the overall video conferencing market.

Global Video Conferencing Market: Competitive Dynamics

The global video conferencing market comprises large as well as mid-sized valve manufacturers and suppliers. The vendors present in video conferencing market are currently focusing on introducing advanced software and integrating new capabilities within the software to enable video conferencing across company boundaries and meet the need to manage video delivery and quality. Moreover, the vendors are adopting partnerships and acquisitions strategies to proficiently compete in the regional market

Fingerprint Access Control Systems Market: Higher Standard Of Security These Provide

Fingerprint access control systems are used to control and monitor access to a particular complex. These utilize the uniqueness of human fingerprints to keep out intruders and keep the respective area safe. Fingerprint patterns of authorized personnel are stored in the processing units of fingerprint accent control systems and used to find a match for the fingerprint being presented. Usage of fingerprint access control systems is increasing across the world due to the higher standard of security these provide.

Application of fingerprint access control systems is common in crucial sectors such as commercial, consumer electronics, government, military and defense, health care, and banking and finance. Demand for fingerprint access control systems is expected to increase in each of these application segments in the next few years, with the increasingly favorable regulatory scenario and rising usage of smartphones for business and monetary transactions expected to emerge as influential factors determining the trajectory of the market.

Global Fingerprint Access Control Systems Market: Drivers and Restraints

The primary driver of the global fingerprint access control systems market is the increasing threat of crime and terrorism, which has led to many sectors initializing upgrades in their security infrastructure. Research into accurate identification and security systems has received significant funding, as it is the first step toward maintaining safety. This in turn has benefitted the global fingerprint access control systems market.

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The increasingly favorable regulatory scenario governing access control systems has also augmented the global fingerprint access control systems market. Application of fingerprint access control systems is the highest in commercial complexes; however, usage of these systems in government applications is rising. Fingerprint access control systems are being encouraged or outright mandated in other sectors such as finance and banking and consumer electronics. These sectors have the potential to drive the global fingerprint access control systems market in the near future.

Incorporation of fingerprint recognition in consumer electronics such as smartphones enables other sectors such as banking and ecommerce to design apps that can make use of this functionality. This is likely to act as a major driver of the global fingerprint access control systems market considering the rising popularity of devices such as smartphones and tablets.

On the other hand, the global fingerprint access control systems market is hamstrung in part by the growing demand for other biometrics-based authorization systems. Demand for access control systems based on iris recognition and palm recognition, in particular, is on the rise in several sectors. This acts as a major restraint of the global fingerprint access control systems market.

Global Fingerprint Access Control Systems Market: Geographical Overview

North America held the largest share of the global fingerprint access control systems market in 2015. Technologically advanced infrastructure and high awareness among the population about the need to maintain security are the key drivers of the fingerprint access control systems market in North America.

In Flight Entertainment Market: Presentation Of Wi-Fi Benefits In Flying Machines

The players operating in the global In flight Entertainment Market are likely to witness competition in the years ahead with vendors focusing constantly on providing advanced entertainment services to the passengers, states Transparency Market Research (TMR) in a research report. Product portfolio expansion and the launch of new products are likely to be the core reasons behind the rising competition among the players. The players operating in the market are FDS Avionics Corp., Panasonic Avionics Corporation, ViaSat, Inc., Global Eagle Entertainment, Zodiac Aerospace, Honeywell International, Inc., Gogo LLC, Rockwell Collins, Inc., and Thales Group.

The worldwide in-flight entertainment market is predicted to upgrade its development on the back of new innovative improvement and improving traveler encounter. In-flight entertainment is concentrated to be a significant wellspring of auxiliary income for airlines. Significant airliners concentrating on the assistance of cutting edge in-flight entertainment and the growing prominence of thin body airplanes could up the development of the market in the coming years. Aeronautics being a standout amongst the most productive industries in North America could help the area to post an astounding development within a reasonable time-frame. Patterns, for example, the presentation of Wi-Fi benefits in flying machines could push the market further.

The worldwide In flight Entertainment Market, according to Transparency Market Research (TMR), is relied upon to be esteemed at a US$6.4 bn by the culmination of 2022 at a CAGR 12.7% that could be upheld during the figure time frame 2017-2022. In 2017, the market accomplished a estimate of US$3.5 bn. On the basis of component, the global market for in-flight entertainment is likely to be led by the segment of in-flight communication hardware in the years ahead with a Herculean share in the market. It has been expected to exhibit a CAGR of 15.2% over the course of the forecast period.

On the basis of fit, the market has been bifurcated into retrofit and line fit. On the basis of region, the market is anticipated to be reigned by North America, thus staying in the limelight for the next couple of years. By the end of 2022, the market in North America is likely to touch US$2.2 bn. Asia Pacific Excluding Japan (APEJ) and Japan are predicted to display a solid development in the market. Japan accounted for a 15.4% offer in 2017. Asia Pacific excluding Japan, then again, is imagined to gain 33 premise points (BPS) by 2022 more than 2017. In any case, the Middle East and Africa (MEA) and Europe could battle in the market. Before the finish of the estimate time frame, Europe is anticipated to be esteemed at a US$1.5 bn.

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Technological Advancement to Play Crucial Role in Market Development

In the current years, in-flight entertainment administrations have gained the favorable position and are viewed as one of the central point for choosing flights among travelers. A brilliant IFE framework helps in attracting clients and spread their altruism in the market. During the initial phases of the airplane industry, in-flight entertainment administrations were generally conveyed through nourishment and refreshments, smoking rooms and melodic instruments. Innovation improvement combined with changing shopper design has empowered plane carrying warships to furnish delight with the assistance of sound and video gadgets.

Developing Countries to Pave Way for Innovation

Increasing long separation flights is the central point which is required to add to the growing worldwide IFE frameworks request of as delight gadgets make long excursions agreeable and charming.

Unified Threat Management Market: Account Of The Strong Awareness About The Role Of Cyber Security

The global unified threat management market is fragmented in nature owing to the presence of many small regional vendors. The market also has multinational companies giving a tough challenge to their smaller counterparts. A noticeable trend in the market is players competing on the basis of technology, product quality, and price in order to steal a march over their competitors. However, deep-pocketed vendors are ultimately expected to steal a march over their competitors with their ability to produce superior products having better security features.

Some of the prominent names operating in the global market for unified threat management are WatchGuard Technologies Inc., Check Point Software Technologies Ltd., Juniper Networks Inc., Fortinet Inc., Cisco Systems Inc., IBM Corporation, Hillstone Networks Inc., Huawei Technologies Co. Ltd., SonicWALL Inc., and Comodo Group Inc.

A research study by Transparency Market Research projects the global market for unified threat management to attain a value of US$5.8 bn by 2022-end from US$3.4 bn in 2016, by registering 11.1% CAGR from 2017 to 2022.

Component-wise, the global market for unified threat management can be split into software platforms and support services. Between them, the segment of software platforms is expected to be a leading contributor to the market in the next couple of years. Its share in the market is expected to become 84.9% by 2022.

Geographically, the prominent segments of the global market for unified threat management are North America, Europe, Japan, and Asia Pacific except Japan, and the Middle East and Africa. North America, among them, is a dominant market on account of the strong awareness about the role of cyber security in the modern digital age. The market in the region is predicted to rise at a solid 11.6% CAGR over the course of the forecast period from 2017 to 2022.

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Threats of Cybercrime Catalyzing Demand in Market

Majorly fuelling demand in the market for unified threat management is the looming threat of cybercrime. This has made organizations – from big multinational conglomerates to small and medium sized ones, and government bodies to up spends on protecting their sensitive data. This is to ensure they grow or function smoothly without any setbacks. Explains the lead analyst of the TMR report, “Unified threat management addresses a wide variety of security concerns ranging from firewalls and intrusion alerts to spam, antimalware, and other kinds of content filtering services. The availability of different security tools under a single brand name and operating system will help stoke demand for unified threat management in the next couple of years.”

Structural Health Monitoring Market: Rapid Development Of Infrastructure Projects

In order to steal a march over their competitors, success-hungry players in the global structural health monitoring market are seen expending money on product development. They are also resorting to mergers and acquisitions to grow their shares. This is making the market consolidated.

Some of the prominent participants in the global structural health monitoring market are COWI A/S, Digitexx Data Systems, Inc., Wiss, Janney, Elstner Associates, Inc., ACELLENT TECHNOLOGIES, INC., National Instruments Corporation, ATKINS, Kinemetrics, Nova Metrix LLC, CTL Group, OSMOS Group, and First Sensor.

As per a report by Transparency Market Research, the global structural health monitoring market will likely rise at a steady CAGR of 10.09% from 2017 to 2025. At this pace, the market which was worth US$1.57 mn in 2016 is expected to reach a value of US$4.09 mn by the end of the forecast period.

Solution-wise, the global structural health monitoring market can be divided into software, hardware, and services. The services segment of them grossed maximum revenue in 2016 owing to the rising demand for installation and maintenance of the structural health monitoring systems by various industries, worldwide. The services segment is predicted to clock maximum CAGR of 10.26% during the period between 2017 and 2025.

Geographically, the key segments of the global structural health monitoring market are North America, South America, Europe, Asia Pacific, and the Middle East and Africa. Of them, Asia Pacific leads the market vis-à-vis growth rate. The market in the region is anticipated to rise at a 11.38% CAGR from 2017 to 2025 on the back of rapid development of infrastructure projects such as bridges, power plants, and smart cities. The nations of China and Japan are at the forefront of driving growth in Asia Pacific.

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Surging Infrastructural Works Boost Demand

Fuelling growth in the global structural health monitoring market is the thrust on infrastructural works worldwide. Government mandates regarding construction standards and safety of structures is leading to uptake of structural health monitoring. Thrust of governments worldwide on proper protection of heritage structures so as to boost tourism, is also proving beneficial to the market.

Technologically Superior Sensors Benefit Market

The global structural health monitoring market is also being driven by the technological progress in the sensors space, which has led to availability of low cost wireless sensors and their increased adoption in structural health monitoring systems.

Online Project Management Software Market: Expected Clock Maximum Growth In The Years To Come

In order to stay ahead of the curve, key players in the global online project management software market are focusing on diversifying their existing product portfolio through building innovative technologies to better cater to the needs of their different customers. Yet another strategy leveraged by them is expansion into under-penetrated emerging markets of China, India, and the Middle East which hold out a lot of potential. A noticeable trend in the market is the thrust on partnerships and mergers and acquisitions which is leading to market consolidation.

Some of the prominent participants in the global project management software market are Microsoft Corporation, Citrix Systems, Inc., Workfront, Inc., Atlassian Corp PLC, Zoho Corporation, Wrike, Inc., Basecamp, LLC, Smartsheet.com, Inc., Mavenlink, and Asana, Inc.

As per a report by Transparency Market Research, the global online project management software market will likely rise at a CAGR of 9.3% from 2017 to 2025 to attain a value of US$6.08 bn by 2025 from US$ 2.74 bn in 2016.

The different end-users in the global online project management software market are small and medium sized enterprises, large enterprises, and government. Of them, the large enterprises are responsible for generating most of the revenue in the market. The segment is also expected clock maximum growth in the years to come.

Geographically, the key segments of the global online project management software market are Asia Pacific, Europe, North America, South America, and the Middle East and Africa. Among them, Asia Pacific will likely steal the show when comes to growth rate. This is because of the rising awareness among small and medium enterprises about the advantages of online project management software and the rising uptake of cloud and mobility in developing nations of India, Singapore, and Malaysia. The region is predicted to clock a CAGR of 13.6% from 2017 to 2025.

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Lack of Trained Manpower Spurs Demand

Primarily serving to stoke demand for online project management software is the dearth of appropriate tools and skills to manage the project. It has been noticed that the demand for online project management software is high from first time users of project management software and solutions.

Explains the lead analyst of TMR report, “The emergence and proliferation of e-commerce has fueled the number of online transactions carried out globally. This has resulted in significant uptake of retail online project management software and other types of such software. The U.S., India, and China are expected to be at the forefront of the global project management software market. Digitization across industries has led to increased investments in development and deployment of new technologies and software solutions. Industries across the globe are encouraging the development of technologies which would ensure safe, fast, and easy exchange and monitoring of data over the internet. All these have proved beneficial to the global online project management market.”

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