SD-WAN Market Growth Opportunities by Regions, Type and Application; Trends Forecast

The global SD-WAN market is being driven by an increasing demand for cost-effective network management, network security and visibility, and simplified network architecture, and the popularity of cloud computing. In 2017, the market was valued at $676.9 million, and it is expected to demonstrate a CAGR of 54.1% during the forecast period (2018–2023). Software-defined wide-area network (SD-WAN) is used to connect enterprises, which have data centers and branch offices across long distances. 

WAN optimization solutions offer a variety of advantages, such as cloud-ready networking infrastructure, real-term business productivity, secure optimization, and greater virtual flexibility. Owing to these, WAN optimization solutions have become extremely popular among IT organizations. Seeing this, a software provider, named Citrix Systems, added new features including secure web, multiple deployment modes, prioritization of applications, and cloud connectivity to its upgraded NetScaler SD-WAN. Such enhancements in the products offered by key players are expected to boost the SD-WAN market further. 

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A robust virtual network is the requirement of new technologies such as big data, internet of things (IoT), and machine to machine (M2M) communication. SD-WAN solutions provide nodes or remote offices to connect to the internet via high-speed broadband, at the same time safeguarding the quality of service (QoS) and compliance requirements, which multi-protocol label switching is unable to do on its own. Another trend being observed in the SD-WAN market is the demand for managed SD-WAN services to deal with the lack of IT resources and network security. 

The market is being driven by multiple factors, one of which is the need for cost-effective network management. As organizations are expanding geographically, their broadband connectivity demand for enterprise area network has increased. Traditional WAN models are becoming unsuitable, as their manual configuration is time-consuming and complex. SD-WAN solutions offer a way out of these problems by reducing the overall operational cost by making them centrally manageable and automating the configurations of WAN edge routers.

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The global SD-WAN market is segmented by region, offering, industry, implementation type, and appliance. The implementation type segment is categorized into outsourced and in-house services. Out of these, the larger share was held by in-house SD-WAN services in 2017, a trend which is predicted to continue during the forecast period. However, the outsourced category is expected to attain a higher CAGR of 59.5%. The shift toward outsourced implementation would be because of its lower failure risk and less complexity, compared to in-house deployment. 

In 2017, the largest revenue share was accumulated by virtual appliances that are also expected to lead the SD-WAN market during the forecast period. This attributed to the wide-ranging application of physical and virtual appliances in small branch offices, data centers, large offices, and cloud platforms such as amazon web services. As the number of such settings increases, virtual devices would be used in ever-increasing numbers across the world. 

Therefore, it is clear that the market for SD-WAN is slated to advance during the forecast period owing to the advantages offered by SD-WAN over traditional WAN.

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Growth of the Patient Engagement Solutions Market in North America

The patient engagement solutions market in North America is generated $3.9 billion in 2017 and is expected to witness a CAGR of 15.8% during the forecast period 2018–2023. Patient engagement refers to the process of establishing communication between patients and their healthcare providers online.

With smooth connectivity, the sharing of medical history, treatment schedule, medication prescriptions, and lab reports has become extremely easy. Patients are more concerned about their personal information and comfort today compared to the past, and therefore demand technologies that can consolidate all their medical information in one place and help them access and share it whenever and from wherever they want. This is why the patient engagement solutions market in North America is progressing.

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On segmenting by component, hardware, services, and software are the three resulting market categories, among which the software category accounted for the largest share (57.2%) in 2017. While this category will still lead the market during the forecast period, the services category will witness the fastest growth (18.1% CAGR). Similarly, the North American patient engagement solutions market can be segmented by delivery mode. Among the three categories under this segment, viz. web-based, on-premises, and cloud-based, the web-based category dominated the market in 2017 with 62.3% revenue contribution.

There is no doubt that elderly people need extensive care, as they are more prone to chronic diseases, such as cancer and diabetes. According to the American Cancer Society (ACS), around 1,688,780 new cases of cancer were diagnosed in the U.S. in 2017. Similarly, the Foundation for AIDS Research (amfAR) reported that in 2016, almost 1.1 million people in North America were suffering from AIDS. With the increasing number of elderly or even comparatively young people prone to such chronic diseases, who are demanding patient engagement solutions, the patient engagement solutions market in North America is predicted to advance in the future.

Thus, we see that owing to conducive government policies and increasing incidents of chronic diseases in the elderly, the North American patient engagement solutions market is predicted to witness steady progress.

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UV Curing System Market to Register 8.8% CAGR in Coming Years

The rising disposable income, rapidly increasing population, urbanization, and expanding e-commerce are some factors contributing to the growth of the food & beverage industry. In addition to this, the competition in the industry is becoming intense, due to which companies are focusing on providing the best service that they can to gain an edge over their competitors.

Other than the food & beverage industry, aerospace & defense, electronics, healthcare, industrial manufacturing, and automotive are the primary end users of UV curing systems. Other end users include media & entertainment, agriculture, and oil & gas industries and water treatment plants.

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The automotive industry uses UV curing systems for the curing of inks, adhesives, and coatings for various components utilized in automobiles. These systems save production time and cost, as UV curing takes less time than heat curing processes.

In the electronics industry, UV curing is used for applications such as lamination, encapsulation, insulation, printed circuit board coating, and optical display bonding. The technique creates a strong bond between plastic and metal substrates that are utilized for manufacturing electronic components.

There are four types of UV curing systems, namely flood curing, conveyor curing, spot curing, and hand-held curing. In 2018, the UV curing system market was dominated by conveyor curing.

The conveyor curing process utilizes a moving conveyor/belt for forming an assembly line that passes through a chamber consisting of multi-spectral lamps/ LEDs, which are mounted above and, on each side, for fast curing of components. The process is utilized for high-volume production in industries, such as optical, automotive, and electronics.

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Oligonucleotide Synthesis Market is Ultimately Generating $2.8 Billion in Revenue by 2023

Valued at $1.5 billion in 2017, the oligonucleotide synthesis market size is predicted to progress with a 10.8% CAGR during the forecast period 2018–2023, ultimately generating $2.8 billion in revenue by 2023. By definition, oligonucleotide synthesis is the artificial creation of oligonucleotides, which are short DNA or RNA fragments.

On the basis of offering, reagents and consumables, synthesized oligonucleotides, and equipment are the three market categories. Among these, synthesized oligonucleotides held the largest revenue share (76.3%) in 2017 and is also predicted to grow the fastest during the forecast period, at an 11.1% CAGR. The increase in contract manufacturing of DNAs and RNAs is expected to escalate the demand for synthesized oligonucleotides. Similarly, when segmented by application, the oligonucleotide synthesis market can be categorized into diagnostics, research, and therapeutics.

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Among all, the research category led the market in 2017 and is expected to be the fastest growing (11.1% CAGR) category. This pays credence to the finding that of all the end users of synthetic oligonucleotides, including diagnostic laboratories, pharmaceutical and biotechnology companies, academic research institutes, and others, academic research institutes dominated the oligonucleotide synthesis market in 2017 with 40.4% revenue share. This further substantiates the fact that increasing research activities in the field is one of the key growth drivers of the market.

In addition, several new products have come in the oligonucleotide synthesis market, such as protecting amino groups, synthesizers with high throughput, and coupling reagents. Similarly, the development of the microarray technology is aiding the production of oligonucleotides for the diagnosis and treatment of diseases. Along with making the nucleotide assembly method efficient and correcting errors in synthesized enzymes, such developments are also helping in the steady progress of the market.

Now, the oligonucleotide R&D is itself being bolstered by growing government support in the form of funding and other initiatives. The U.S. government invested about $820 million in synthetic biology R&D between 2008 and 2014. Similarly, as per SynbiCITE an England-based organization, the U.K government invested over $400 million during 2009–2016 for establishing three training centers and six research institutes dedicated to synthetic biology. Thus, with favorable government attitude toward providing people with better levels of healthcare, the oligonucleotide synthesis market is predicted to continue on the path to prosperity.

Hence, it is clear that the increase in research and development in the synthetic biology field will further the market advance.

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Conductive Polymers Market: Report Highlights The Competitive Scenario With Impact Of Drivers And Challenges

The global conductive polymers market reached a value of $4,441.7 million in 2017 and is expected to generate $7,341.2 million in 2023, advancing at an 8.7% CAGR during the forecast period (2018–2023). The market is growing due to the increasing preference for lightweight and high performing electronic products, growing solar power capacity, surging demand for conductive polymers in a variety of applications, rising focus over energy efficient technologies. Conductive polymers are polymers which conduct electricity.

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In terms of type, the conductive polymers market is divided into polyaniline, inherently conductive polymer (ICP), polyphenylene based resin, polycarbonates, and others (polypropylene, nylon, acrylonitrile, and polyvinylchloride). Among all these, the market was dominated by the polyaniline during the historical period (2013–2017), holding a revenue share of over 30.0% in 2017. This was due to its properties including good stability in aggressive media and at high temperature. The applications of this polymer include fuel cells, supercapacitors, batteries, and sensors. During the forecast period, the ICP division is projected to witness the fastest growth.

When application is taken into consideration, the conductivepolymers market is categorized into actuators, sensor, batteries, electrostatic discharge & electromagnetic interference (ESD & EMI) protection, antistatic packaging, capacitors, solar cells, and others (which include corrosion control, medical, and display devices). Out of these, the ESD & EMI protection category accounted for more than 25.0% share of the market in 2017, in terms of value. This is ascribed to the properties of conductive polymers of mitigating overvoltage, transient surges, and overcurrent in several consumer and industrial goods.

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The conductive polymers market is growing due to the increasing preference for high performance and lightweight electronic products, which are utilized in manufacturing electronic items such as laptops, cell phones, and gadgets. Furthermore, there is a surging demand for wearable and flexible displays, electronics, and other flexible inorganic semiconductors. The income level of people in the developing countries is increasing and consumers are preferring for advanced and lighter electronic products, which is expected to result in increased demand for conductive polymers, as they are extensively used in the production of lightweight electronic products.   

Another major factor driving the growth of the conductive polymers market is the rising focus on energy efficient technologies. Due to the rising standard of living, industrialization, and urbanization, the consumption of energy in countries, including India, Indonesia, and China, has increased significantly. This is resulting in the increasing adoption of energy efficient solutions, such as light emitting diode (LED) lighting solutions. The surging demand for LED bulbs is projected to drive the requirement foe conductive polymers as well, since they are utilized as emissive material and serve as the light source in LED bulbs.  

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Compressor Market to Generate a Revenue of $45.7 Billion in 2023

The automotive industry is expanding rapidly at the present time due to the increasing disposable income of people, rising demand for electric cars, and technological advancements. From 2012–2017, the automobile industry registered a growth of around 17% in the sales of all types of vehicles around the globe.

In addition to this, the demand for passenger vehicles witnessed nearly 16% growth in the same time period worldwide. This expansion of the automotive industry is resulting in the rising requirement for compressors, as they are widely used in various applications in the industry, including engine construction, tire inflation, air conditioning systems, and car painting.

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HVAC systems perform heating and cooling pf buildings and are utilized in both commercial and residential sectors. In 2017, the overall AC demand stood at 110 million, which rose from 100 million in 2013. The HVAC domain is further expected to witness considerable growth in the near future as well because of the increasing construction of commercial as well as residential buildings, expanding smart homes market, and development of energy efficient systems.

Compressors are utilized in HVAC systems and refrigerators that are installed in various application areas, such as food outlets, hotels, industrial buildings, residential buildings, supermarkets & hypermarkets, and commercial buildings. Hence, as the demand for HVAC-R systems increase, the requirement for compressors will rise as well.

The rising usage of screw compressors is a key driving factor for the growth of compressor market. At the present time, energy efficiency is a primary requirement observed in the domain. This is the major reason for the increasing adoption of screw compressors, as they offer higher efficiency than reciprocating compressors.

Apart from better energy efficiency, these compressors also provide continuous flow and low-end temperature of the compressed air. In addition to this, the growing production of natural gas around the world is further resulting in the increasing requirement for screw compressors.

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Surging Air Pollution Levels Driving Air Quality Monitoring Market

In 2017, the global air quality monitoring market size reached a value of $3.9 billion and is expected to advance at an 8.9% CAGR during the forecast period (2018–2023). The surging air pollution levels, implementation of strict regulations for decreasing air pollution levels, and increasing awareness about harmful effects of air pollution on health and environment are the major factors positively impacting the market. The monitoring of air pollutants in outdoor and indoor environment, by analyzing and evaluating different parameters of air quality, is referred to as air quality monitoring (AQM).

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In terms of sampling method, the air quality monitoring market is divided into intermittent, manual, continuous, and passive. Out of these, the continuous division dominated the market during the historical period (2013–2017) and is further expected to account for the major share of the market during the forecast period. The reason for this that this sampling method can operate over long periods with minimal operator intervention. Due to this, the division is further predicted to advance at a CAGR of 9.8% during the forecast period.

A major driving factor of the air quality monitoring market is the surging air pollution levels, which is being caused by the swiftly growing urban population that is exploiting natural resources and producing waste. Other factors causing air pollution include burning of fossil fuels, vehicular emissions, mining operations, and changing agricultural practices. Because of the rapidly increasing pollution levels, there has been a surge in the number of diseases associated with air pollution. All these factors are contributing to the rising demand for AQM around the world.

Technological advancements in the AQM products is expected to provide wide opportunities to the players operating in the air quality monitoring market. In order to improve environmental protection, research and development activities have resulted in the introduction of various changes in the monitoring technology, such as real-time information on emission levels of greenhouse gases and other hazardous chemicals. Moreover, several government organizations and AQM vendors are engaging in R&D activities for developing and implementing new air quality approaches and technologies.

Hence, the market is witnessing growth due to the increasing air pollution levels and rising awareness about the adverse effects of degrading air quality on health and environment.

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