World Building Information Modeling (BIM) Market is Expected to reach $11.7 Billion by 2022; Finds New Report

World Building Information Modeling (BIM) Market -Opportunities and Forecasts, 2015-2022," forecasts that the world BIM market would garner a revenue of $11.7 billion by 2022, registering a CAGR of 21.6% during 2016 -2022. The Asia-Pacific region is expected to witness an upsurge in demand owing to the exponentially growing construction industry and supportive government regulations for mandating the use of BIM. Furthermore, BIM is forecast to gain increasing adoption across various sectors such as commercial and infrastructure construction.

The commercial and infrastructure construction industry have been witnessing increasing demand for automation of technical drawings and database in the recent years. Further, the supportive government regulations pertaining to mandating the use of BIM in commercial projects, booming real estate industry and growing awareness of the benefits of BIM, among architects and contractors, would drive its adoption, globally. In the current scenario, BIM has emerged as an ideal alternative to traditional CAD software, owing to its suitability over a variety of operational issues such as cost management, handling raw data & information and alignment of processes associated with construction projects. Thus, BIM is expected to exhibit an upward growth trend across widespread verticals.

The commercial and infrastructure construction industries would continue to be the leading consumers of BIM in the future, constituting nearly 63% of the global market by 2022. Moreover, the infrastructure industry is expected to grow at the fastest rate during the forecast period.

Cloud-based deployment type dominates the market currently and is expected to grow at the fastest CAGR during the forecast period, owing to its cost effectiveness and easy accessibility. Software segment constituted the majority of market share in 2015 and would continue its dominance over services market during the forecast period.

The North America region occupies the majority of the market share in the current market scenario. However, Asia-Pacific region is forecast to dominate the market by 2021. Growing construction activities and government mandates are expected to contribute to the fast growth of the region. Moreover, the growing commercial and infrastructure construction activities in countries such as China, India and U.A.E, offer lucrative market opportunities in Asia-Pacific and LAMEA regions.

Key findings of the study:

• BIM market is expected to grow at a remarkable rate owing to supportive government regulations mandating the adoption of BIM software for construction projects
• Software segment would continue to dominate the overall market with nearly three-fourth market share by 2022.
• Contractors segment is expected to grow at the fastest CAGR for constructability analysis, logistics purposes and job site planning, among others.
• Cloud based deployment mode is expected to dominate the market throughout the forecast period owing to its cost-effectiveness and easy availability
• BIM software would find widespread applications in commercial and infrastructure construction projects owing to supportive government regulations

The prominent players, offering BIM solutions across the globe include Autodesk, Inc., Nemetschek AG and Bentley Systems, Inc., among others. Market participants focus on the technological advancements in both fields, viz., software and services, that work in combination with each other. These players offer customized solutions to improve their market presence and customer base. For instance, in the year 2015, a leading player in BIM, Autodesk, Inc., announced the launch of Autodesk BIM 360 Docs, which would enable its users to categorize all files available in various formats for effective data management.

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Global Temperature Sensor Market to grow at a CAGR of 4.87% during the period 2016 - 2020; Finds New Report

Report forecast the global temperature sensor market to grow at a CAGR of 4.87% during the period 2016-2020.

A temperature sensor is a device used to measure the degree of heat of an object by using electrical signals. The sensors are made of electrical conducting materials. When electric voltage is passed through the conductor, the conducting material generates some amount of resistance, which varies with the change in the temperature of the conductor. The change in temperature corresponds to the resistance. This change is recorded and converted into a temperature reading.

Temperature sensors are mostly of two types: contact and contactless. Contact temperature sensors include thermocouples, thermistors, and resistance temperature detectors, while contactless temperature sensors include infrared sensors.

The report covers the present scenario and the growth prospects of the global temperature sensor market for the period 2016-2020. To calculate the market size, the report considers revenue generated from the sales of temperature sensors to the following segments:

• Oil and gas
• Automotive
• Food and beverage
• Heating, ventilating, and air conditioning (HVAC)
• Consumer electronics
• Others (aerospace and defense, pulp and paper, and medical)

The market is divided into the following segments based on geography:

• APAC
• North America
• Europe

According to the report, the government and regulatory organizations of many countries are implementing safety and emission control standards, which require the installation of sensors. Automotive manufacturing companies need to comply with these safety and emission control regulations set by the authorities. This trend is expected to increase the demand for temperature sensors during the forecast period.

Further, the report states that as temperature sensors are exposed to harsh environments, they are bound to become physically damaged. They can be susceptible to moisture failure. Even high currents can heat up the sensors to an extent that they become faulty.

Global Temperature Sensor Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Temperature Sensor Market: Honeywell International Inc., Microchip Technology Inc., NXP Semiconductors N.V., Panasonic Corporation, Sensata Technologies Inc., STMicroelectronics N.V., and Texas Instruments Inc.

Other Prominent Vendors in the market are: ABB, Analog Devices, Emerson, Maxim Integrated Products, and Siemens.

Market driver

• Government regulations and vehicle emission control in automotive segment
• For a full, detailed list, view our report

Market challenge

• Continual price reductions
• For a full, detailed list, view our report

Market trend

• Growing demand for DTS
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 52 pages and 24 Exhibit “Global Temperature Sensor Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Technology landscape, Market segmentation by application, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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World LiDAR Market is Expected to Reach $921.2 Million by 2022; Finds New Report

World LiDAR Market - Opportunities and Forecast, 2015 - 2022", the world LiDAR market is expected to garner $921.2 million by 2022, growing at a prominent CAGR of 18.5% from 2016 to 2022. Increasing adoption of LiDAR systems in various applications, such as precision farming, media and entertainment, and commercial applications is the major factor driving the market growth.

The world LiDAR market is categorized based on type, component, application, and end user. Among types, the aerial LiDAR dominated the market with more than 50% share in 2015, and is expected to continue its dominance throughout the forecast period owing to its numerous applications in civil engineering, archaeology and forest land management. From a growth perspective, terrestrial LiDAR segment is projected to grow at the highest CAGR of 23.9% during 2016 - 2022.

By component, the laser segment dominated the market with around 39% share in 2015 and is expected to maintain its dominance throughout the forecast period due to increasing applications of near-field lasers enabled LiDAR systems in the defense sector.

Application wise, corridor mapping, and exploration and detection segments collectively accounted for more than 80% share of the overall market value in 2015, with corridor mapping constituting around 50% revenue. For modern age infrastructure planning and disaster management, corridor mapping is performed using LiDAR technology.

Among end users, the civil engineering segment dominated the market in terms of spending on LiDAR systems, followed by forestry and agriculture segment in 2015. The civil engineering applications significantly drive the market with the usage of LiDAR in infrastructure planning. Expenditure on LiDAR systems by the transportation sector is expected to grow at the highest CAGR, primarily for vehicle monitoring purposes and emerging transportation applications such as driverless cars.

In the world LiDAR market, North America represented more than 45% of the overall market revenue, followed by Europe, with around 33% revenue share in 2015. Growing industrial automation and technological advancements in metrological applications are projected to accelerate the adoption of LiDAR systems in the North American region. In addition, Asia-pacific is expected to be the fastest growing region, with the highest CAGR of 25.0%, owing to increasing awareness among end-user verticals regarding benefits of these systems.

Key findings of the study:

• The world LiDAR market is likely to grow at a double-digit rate in the future owing to increasing demand for aerial LiDAR from the various end user sectors.
• The aerial segment accounts for a major share in this market.
• The application of LiDAR in the transportation sector is anticipated to expand at the highest CAGR of 23.5% from 2016 to 2022.
• North America is the highest revenue-generating region in this market.

The major players in this market include Airborne Hydrography AB, Leosphere SaS, Faro Technologies Inc., Leica Geosystems Inc., 3D Laser Mapping Inc., Firmatek LLC, RIEGL Laser Measurement Systems GmbH, Aerometric Inc., Mira Solutions Inc., Optech Inc., and Quanergy Systems, Inc. These players consistently invest in R&D to come up with enhanced products and solutions. In addition, strategic mergers and acquisitions are some of the other major strategies followed by prominent players to expand their market presence and gain a competitive edge.

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World In-Car Infotainment Market is Expected to Reach $33.8 Billion by 2022; Finds New Report

World In-Car Infotainment-Market Opportunities and Forecasts, 2015-2022", the world in-car infotainment market is expected to reach $33.8 billion by 2022, registering a CAGR of 13.3% during 2016 – 2022.

 

Europe has emerged as the most promising region, exhibiting a huge demand for in-car infotainment within the automotive car sector. In 2015, the market for in-car infotainment in Europe was valued at $4.6 billion in 2015. However, Asia-Pacific would be the fastest growing region during the forecast period owing to the burgeoning automotive production and sales coupled with the increasing disposable income of the consumers in the region.

Market is analyzed with regards to revenue contribution made by different segments in world in-car infotainment market. In global market, in-car infotainment installation type segment is mainly driven by aftermarket sub segment, which accounted for around 54% of the market revenue in 2015. Aftermarket installation is less expensive as compared to OEM installation, thereby driving the growth of aftermarket. However, OEM installation market is expected to grow faster in the near future since OEM manufacturers are increasingly offering personalized infotainment systems as well as standard infotainment systems in the mid-car segment.

Within the components segment, hardware accounted for the maximum revenue share in 2015, owing to its high cost and wide-deployment. However, efficient and effective development of infotainment software applications is expected to drive the market in the near future. The software market is estimated to register a CAGR of 14.4% during 2016 -2022.

Key Findings:

• Hardware component segment accounts for the larger share and is expected to dominate the market during the forecast period. The segment is anticipated to lead the market with over 60% revenue share throughout the analysis period.
• Asia-Pacific would be the fastest growing region over the forecast period
• OEM installation segment of in-car infotainment market has exhibited a strong growth potential, accounting for a higher CAGR as compared to the aftermarket segment.

The report also outlines the competitive environment of world in-car infotainment market, while providing a comprehensive study of key strategies adopted by market leaders. The prominent companies profiled in the report include Panasonic Corporation, Harman International Industries, Bayerische Motoren Werke AG (BMW), Fujitsu Ten Ltd., Delphi Automotive PLC, Denso Corporation and others.

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Global Hadoop Market to grow at a CAGR of 59.37% during the period 2016 - 2020; Finds New Report

This report forecast the global Hadoop market to grow at a CAGR of 59.37% during the period 2016-2020.

The increased amount of data on the internet from various modes such as web logs, online transactions, social media, and video streaming has forced organizations to take proactive measures to store and manage data and derive useful insights. According to Technavio, approximately 7 zettabytes of data churned out from enterprises globally in 2015. Out of the total, more than 80% was unstructured data that came from social media platforms, clickstreams, server logs, sensors, and the Internet of Things. Storing useful information and deriving insights from unstructured data and real-time analytics are challenging tasks for organizations.

Hadoop played a pivotal role for enterprises over the past 4-5 years in handling the increase of data. Apache Hadoop is a framework that works on a clustered file system that can share multiple servers simultaneously. It is an open-source software platform that uses MapReduce technology, which is a programming model that allows for processing and generating large data sets with a distributed algorithm on a cluster. The technology involves two steps.

The Map step helps control nodes from various sources such as legacy systems and extensible markup language files. In the Reduce step, various smaller work nodes of information are created and distributed across a computing cluster server. This will help perform distributed computations on various hardware servers.

The report covers the present scenario and the growth prospects of the global Hadoop market for 2016-2020. To calculate the market size, the report considers revenue generated from the sales of Hadoop solutions with functionalities such as MapReduce, integrated solutions, and services (consultation, training, and maintenance). The revenue generated from after-sales services is not considered.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, a key growth driver is the implementation of Hadoop to ensure optimal use of resources. Organizations offer Hadoop-based data management on a pay-per-use model via the cloud, preventing wastage of infrastructure and ensuring optimized use of storage space and server. With on-premises software, enterprises often pay for resources that they may never or rarely use. HDaaS solutions enable organizations to pay only for what is necessary and what they use. This helps enterprises track down the resources and ascertain the cost involved in managing the resources.

Further, the report states that one challenge that could hamper market growth is a dearth of technical skills which are a barrier during the deployment phase.

Global Hadoop Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global Hadoop market: Cloudera, Hortonworks, MapR, Amazon Web Services, Cisco Systems, Datameer, IBM, Microsoft, Oracle, Pivotal, and Teradata.

Other Prominent Vendors in the market are: Altiscale, Cask, Google, HP, Infochimps, Karmasphere, Mortar Data, and Pentaho.

Market driver

• Hadoop ensures optimal use of resources
• For a full, detailed list, view our report

Market challenge

• Dearth of technical skill act as a barrier during deployment phases
• For a full, detailed list, view our report

Market trend

• Rising need to enhance flexibility and scalability to make operational decisions
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 72 pages and 31 Exhibit “Global Hadoop Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Emergence of Hadoop, Hadoop components, Hadoop projects ecosystem, Hadoop-based big data management process, Market size and forecast, Market segmentation by deployment, Market segmentation by product, Market segmentation by end-user, Market segmentation by region, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Five forces analysis, Vendor landscape, Hadoop distribution vendors, Technology partners, Other prominent vendors, Appendix.

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