Technology News & Trends

According to a new market report titled Procurement Outsourcing Services Market -Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026 published by Transparency Market Research the global procurement outsourcing services market is expected to reach US$ 8,050.6 Mn by 2026, from US$ 2,819.2 Mn in 2017, expanding at a CAGR of 12.7% from 2018 to 2026. According to the report, the global market is expected to continue to be influenced by a range of macroeconomic and industry-specific factors. North America is anticipated to continue to be at the forefront in generating demand for procurement outsourcing services, with the market in the region estimated to expand at a CAGR of 12.7% during the forecast period. Technological advancements, increased digitization, and presence of a large number of procurement outsourcing services providers in the region are anticipated to drive the procurement outsourcing services market in North America.  Manufacturing and B...

According to a new market report published by Transparency Market Research, the global offshore structural analysis software market is projected to reach US$ 818.1 Mn by 2026. The market is expected to expand at a CAGR of 6.3% during the forecast period from 2018 to 2026. Furthermore, software is expected to account for highest market share in the year 2018 due to rising demand for cloud based engineering software that provides greater ease, storage, and security. Asia Pacific is anticipated to lead the global offshore structural analysis software market during the forecast period, followed by North America, Europe, Middle East & Africa, and South America. Today many industries face a unique set of challenges in an increasingly competitive marketplace. 3D designing plays a crucial role in various sectors. 3D technology can help with the toughest engineering problems. 3D software helps to build innovative designs and drives business. 3D design technology enables the rapid tra...

The global power distribution unit market was valued at US$ 1,970.2 Mn in 2017 and is expected to expand at a CAGR of 6.2% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Power Distribution Unit Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” North America is expected to hold the dominant revenue share, with the market in the region expanding at a CAGR of above 5%. The global power distribution unit market is mainly driven by rising number of data centers globally. Rise in data volume leading to increasing demand for data centers and government support to drive the electric products market is driving the market A power distribution unit is an essential part of data center operations globally. This device is used for handling electric power in the data center. It is used to provide standard electric outlets for data center equipment and is designed to supply electric power to compute...

The global predictive analytics market is projected to witness immense growth in the coming years according to Transparency Market Research (TMR). The market’s vendor landscape features intense consolidation at present. The top 3 leading vendors in the global predictive analysis market currently hold nearly 80% of the total market share. These players are seen focusing on different organic and inorganic growth strategies in order to maintain their market share. Collaborations, partnerships, and mergers and acquisitions are key strategies that vendors could deploy to gain market traction. Vendors in the global predictive analysis market are expected to focus fundamentally on employing the latest innovations, methods, and techniques. The new players in the market may find benefit in the form of financial funding from venture capitalists. New vendors are expected to leverage this factors and turn it into a lucrative growth opportunity in the global predictive analytics market. ...

According to a new market report published by Transparency Market Research, the global virtual private server market was valued at US$ 1,104.2 Mnin 2016 and is projected to expand at a compound annual growth rate of 15.4% from 2018 to 2026, reaching US$ 4,453.7 Mn by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the virtual private server market in 2016. This is primarily due to strong technological advancement and substantial application of virtual private servers by several end-users such as BFSI and IT & telecom across the region. There is a considerable increase in the number of data breaches which needs to be avoided. VPS provides guaranteed dedicated resources such as RAM, CPU, bandwidth, and storage which is increasing its adoption among enterprises. Continuous spending by enterprises of all sizes on secured web hosting is the major factor which is expected to fuel the growth of the virtual p...

According to a new market report titled IoT in Elevators Market -Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026, published by Transparency Market Research, the global IoT in elevators market is expected to reach US$ 50.76 Bn by 2026, expanding at a CAGR of 16.1% from 2018 to 2026. According to the report, the global market is expected to continue to be influenced by a range of macroeconomic and industry-specific factors. North America is anticipated to continue to be at the forefront of global demand, with the market in the region expanding at a CAGR of 15.3% during the forecast period. Technical advancements, increased digitization, increasing number of high-rise buildings, and presence of a large number of IoT in elevator providers are anticipated to drive the IoT in elevators market in North America.  Rising Significance of Automation in Construction Industry and Technological Advancement across the World Driving the Global IoT in Elevator...

According to a new market report published by Transparency Market Research, the global on-board connectivity market was valued at US$ 12.32 Bn in 2016 and is anticipated to rise at a compound annual growth rate of 13.8% from 2018 to 2026, attaining US$ 43.20 Bn by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the on-board connectivity market in 2016. This is primarily due to strong technological advancement and considerable application of on-board connectivity solutions for monitoring and communication. Rising IT spending in the aviation industry and rapid adoption of commercial transportation services are the major factors expected to fuel the growth of the on-board connectivity market across the globe. Continuously growing IT spending in the aviation sector is identified as a key factor bolstering the cyber security market worldwide. Rise in IT spending in aviation will lower operating expenditure, and...