Market Highlights
Enterprise asset management is commonly known by its abbreviation ‘EAM’. It is basically a software that was devised for the purpose of managing physical assets of any given organization. This innovative technology has made the lives of business owners a lot easier than before. They can keep an eye on the physical assets of the business without being present there 24*7, the software does that job for them. In the last few years, EAM has made quite an impressive reputation for itself. Due to this, the global enterprise asset management market is gaining momentum.
Looking at the current winds of change in the IT industry, it can be safely assumed that enterprise asset management market has a pretty bright and successful future ahead. During the forecast period of 2017-2022, the market is expected to generate a revenue of around USD 8 billion. Whereas, in terms of CAGR, the industry will tread forward at the rate of 11%.
Enterprise asset management (EAM) monitors the entire lifespan of the physical resources of a business set-up. Under its comprehensive service range, elements like construction, decommissioning, design, commissioning and operations are included. Furthermore, it can also enable replacement of facilities, plants and equipment. The physical assets may vary, they can be fixed objects like plants, buildings and machineries. Or the assets can be moving like moving equipment, vehicles and ships. Whatever be the kind of valuable, its lifecycle management can be carried out through this software.
Primary Drivers and Key Barriers
The EAM software helps the organizations accurately track the ability of assets as well as business systems consolidation, which boosts demand for these platforms in medium and large-scale enterprises. Surging adoption of smart solutions for managing assets paired with the focus on enhancing the asset performances by lowering the downtime is also working in favor of the enterprise asset management market.
The fast-paced development in industrialization has led to massive demand for integrated and centralized solutions for asset management, leading to market growth during the review period. Enterprise asset management (EAM) offers a host of benefits, including its ability to elevate the productivity by boosting the asset’s lifecycle and bringing down the maintenance as well as procurement cost. These benefits have stimulated the demand for enterprise asset management software and can help the market grow significantly in the forthcoming years.
A new trend noted in the worldwide enterprise asset management market includes the integration of EAM solutions with Internet of Things (IoT). The chief reason behind this is the rising deployment of IoT in devices such as personal digital assistance (PDAs), laptops and smartphones. Companies like IBM Corporation and SAP SE offer numerous mobile EAM solutions, which come in the form of application software. This software helps workers in feeding the inspection data directly in the mobile application.
Leading Companies
The prominent players of the global enterprise asset management market are SAP SE (Germany), Infor (U.S.), IBM (U.S.), Oracle Corporation (U.S.), Schneider Electric (France), AssetWorks LLC (U.S.), IFS AB (Sweden), ABB Group (Switzerland), Mintek Mobile Data Solutions (U.S.), Ramco Systems (India) among others.
Regional Insight
In terms of region, the global enterprise asset management market has been segmented into Europe, North America, Asia Pacific (APAC) and the rest of the world (RoW).
Among all the regions, North America stands at the top in the global EAM market, thanks to the rising adoption of EAM solutions in organizations coupled with the superlative strong economy. The region consists of highly developed economies like the United States (US) and Canada and is known for making extensive use of digital technologies. The region exhibits a large number of prominent industry players that offer top-quality enterprise asset management solutions and services. North America’s strong financial position also helps in making sizeable investments in leading tools and technologies that ensure smooth business operations.
Europe comes second after North America in the global enterprise asset management market. The main reasons behind the strong market growth in the region are the rising adoption of cloud-based services along with the integration of EAM with big data analytics.
The APAC market can record the fastest growth rate during the conjectured timeframe, owing to the improving economic status of the developing countries like India and China.
Segmentation:
The worldwide market for enterprise asset management can be segmented in terms of deployment, organization type, and application verticals.
The deployment segment can be broken down into on-cloud and on-premise. The on-cloud segment can grow at the highest rate in the coming years, owing to the rising demand for cloud-based solutions across the globe.
Given the organization type, the global EAM market can be split into small and medium enterprises (SMEs) well as large organizations. Out of these two, SMEs happen to be the leading segment in the market, on account of high adoption of enterprise asset management solutions among SMEs. This demand stems from the rising need for skilled workforce as well as domain-specific technical personnel.
Given the application vertical segment, the global enterprise asset management market consists of oil and gas, government, transportation, healthcare, aerospace and defense, manufacturing, and others. Between these, government has been identified as the dominant segment in the market with the largest share, considering the broad range of applications of enterprise asset management in the government sector.
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Electromagnetic flowmeters are used to measure the flow of conductive fluids inside a pipe.
Further, rising demand from the developing economies owing to growing infrastructural activities driving the demand for electromagnetic flowmeters.
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Electromagnetic Flow Meters Market Data Breakdown and Market Segmentation: by Distribution Channel (Online Retail, Offline Retail), Industry Vertical (Chemical, Pharmaceutical, Food & Beverage, Pulp & Paper, Municipal Applications, Mining, Agricultural, Others), Excitation (AC (Alternating Current), DC (Direct Current)) What's Trending in Market:Rising Application in the Hydraulic Solid TransportTechnological Advancement for Increasing Productivity in the Manufacturing Plants Challenges:Incompetence to Measure Non-Conductive FluidsScaling Of the Water Pipeline Changes the Inner Diameter Size which Causes Measurement Error Restraints:High Cost of Electromagnetic Flow MeterInstallation of the Electromagnetic Flow Meter is Complicated Market Growth Drivers:Increasing Demand from the Chemical IndustryDelivers Rapid Response to Flow Changes Enquire for customization in Report @: https://www.advancemarketanalytics.com/enquiry-before-buy/10912-global-electromagnetic-flow-meters-market Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & AfricaCountry Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
– Latest industry influencing trends and development scenario – Open up New Markets – To Seize powerful market opportunities – Key decision in planning and to further expand market share – Identify Key Business Segments, Market proposition & Gap Analysis – Assisting in allocating marketing investments Strategic Points Covered in Table of Content of Global Electromagnetic Flow Meters Market:Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Market Keyword without Region marketChapter 2: Exclusive Summary – the basic information of the Electromagnetic Flow Meters Market.Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Electromagnetic Flow MetersChapter 4: Presenting the Electromagnetic Flow Meters Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020Chapter 6: Evaluating the leading manufacturers of the Electromagnetic Flow Meters market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company ProfileChapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2026)Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source Finally, Electromagnetic Flow Meters Market is a valuable source of guidance for individuals and companies in their decision framework.
When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.
The Global Grid-Scale Battery Storage Technologies Market size is estimated to be USD 2.11 billion in 2019 and is predicted to reach USD 4.40 billion by 2030 with a CAGR of 6.9% from 2020-2030.Grid-Scale Battery Storage Technologies allows the storage of electricity in grids which can be used later for various purposes.
Mostly used chemicals in the batteries are lithium-ion and every chemicals and batteries have their unique advantages and disadvantages over the other and have different capacity for energy storage and supply.Access Full Description of this report at:- https://www.nextmsc.com/report/grid-scale-battery-storage-technologies-marketTop Companies: NGK Insulators Ltd., Tesla, ABB Group, Sumitomo Electric Industries, Ltd., LG Chem Ltd., Electrovaya, Samsung SDI Co. Ltd., Panasonic Corporation, BYD Co. Ltd., GS Yuasa Corporation, Hitachi Ltd, General Electric and others.The global grid-scale battery storage technologies market share is analyzed on the basis of battery, application and geography.
On the basis of battery, the market is segmented into lead-acid batteries, lithium-ion batteries, sodium-based batteries, flow batteries, and others.
On the basis of application, the market is divided into power generation support - load levelling & grid stabilisation, renewable energy integration/ accommodation of renewables, transmission & distribution support, and distributed power generation and end-user support.
Moreover, presence of developed infrastructure and technological advancement with increased adoption of renewable energy is further expected to drive the growth grid-scale battery storage technologies market.
Asia Pacific is expected to show rapid growth with increase in market share owing to the increased adoption of electrical vehicle with increase in energy prices.
The Global Health Insurance Market is anticipated to reach $ 5, 278 million, exhibiting a CAGR of 8.5% from 2021 to 2027.This health insurance market report provides details of recent new developments, trade regulations, import and export analysis, production analysis, value chain optimization, market share, impact of local and national market players, analysis of opportunities in terms of emerging revenue groups, changes in market regulations, strategic market growth analysis, market size, category market growths, domain and application niches, product approvals, product launches, geographic expansions, technological innovations in the market.
For more information on the health insurance market, contact Introspective Market Research for an analyst overview, our team will help you make an informed market decision to achieve market growth.Health insurance covers medical expenses incurred during the treatment of any illness, injury or other physical or mental impairment.
It acts as compensation in exchange for a monthly / semi-annual / annual premium or payroll tax to provide health care benefits.
The increase in cases of various diseases, such as cancer, dengue and diabetes, during the COVID-19 pandemic is seen as a major factor driving the growth of the global health insurance market.
The study provides Porter's Five Forces analysis to understand the impact of various factors, such as the bargaining power of suppliers, the competitive intensity of competitors, the threat of new entrants, the threat of substitutes, and the power of negotiation of buyers, in the health insurance market.Top Key Players Covered in Health Insurance Market are:Berkshire Hathaway, AXA, Allianz, Assicurazioni General, Munich Re Group, Prudential, China Life Insurance (Group) Company, Zurich Financial Services, American International Group, Japan Post Holdings Co. Ltd., China Ping An Insurance (Group) Co. Ltd., State Farm Insurance, MetLife Inc., Nippon Life Insurance, Aegon, AVIVA, UK Legal & General, The Dai-ichi Life Insurance Company Limited, Caisse Nationale de Prévoyance, PICC, Cardinal Health, Asahi Mutual Life Insurance, Sumitomo Life Insurance, Samsung Life InsuranceCompanies offering health insurance have increased the cost of the insurance premium due to increased health care expenses, such as the cost of medications, the costs of admission to the hospital, and the cost of various other treatments.
Therefore, insurance companies are responsible for addressing the enormous costs of claims settlement, which makes it difficult for the market to grow.Global Health Insurance: Market SegmentationThe health insurance market is segmented by type, services, level of coverage, service providers, health insurance plans, demographics, type of coverage, end user, and distribution channel.
The market value by 2025 can reach USD 38.46 Billion, indicating colossal gains backed by several conductive factors.Primary Drivers and Main Barriers Artificial Intelligence (AI) solutions are expected to contribute considerably while handling the COVID-19 outbreak and also address the subsequent emergence of challenges.
The technology also helps in offering remote assistance while preventing unnecessary travel, which is the main focus during the outbreak.
The rising use of smartphones as well as smart devices also seems to be working favor of the Artificial Intelligence (AI) Chipset Market all over the world.Artificial intelligence chipsets are anticipated to be one of the most important components of the future smart devices.
This factor has significantly boosted the adoption of AI chipsets in automotive, consumer electronics, manufacturing, healthcare, and more, leading to better business expansion.
Market Segmentation The artificial intelligence (AI) chipset market has been broadly covered in the report, while keeping in mind the primary segments of component, technology, application and vertical.The components described in the report are hardware (processors such as GPU, CPU, FPGA ASIC), network, memory) as well as software.
In 2018, hardware was the largest segment in the market and was valued at USD 3,247.9 Million.The types of technology in the report include natural language processing, machine learning, and others.
Molecular diagnostics is a branch of clinical pathology or laboratory medicine that uses techniques of molecular biology to diagnose disease, monitor the effectiveness of therapies, predict diseases course, and select therapy.
North America molecular diagnostics industry is estimated to grow at a significant CAGR in the upcoming period as the scope and its applications are increasing enormously.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/north-america-molecular-diagnostics-market/request-sample The key driving factors responsible for the growth of North America Molecular Diagnostics market : The factors that are playing a major role in the growth of North American molecular diagnostics market area technological enhancement in molecular diagnostic kits and rising R activities by manufacturers.
North America molecular diagnostics market is segmented based on product type, rest location, technology, application, and region.
Reagents sector accounted for the significant market share of North America molecular diagnostics and is estimated to continue with its dominance in the years to come.
In addition, the point-of-care sector is estimated to grow at the highest CAGR in the years to come.
