How Does Digitization in Manufacturing Sector Impact Motion Control Market?

 The motion control market generated a revenue of $14,887.5 million in 2021, and it is expected to contribute $23,286.4 million in 2030, progressing at a rate of 5.1% from 2021 to 2030, ascribed to the rising demand for industrial robots and integration of components with the motion control systems for convenient use.

Moreover, the evolving motion control standards and protocols propel the market, for example, the OPC UA TSN protocol controls the entire system, while MQTT is a lightweight protocol relevant to the communication between two applications. MQTT is integrated into a single product and allows a drive or sensor to extract data from a device and send it to the cloud. 

Motion Control Industry Analysis and Growth Forecast, 2030

Additionally, the advent of digitization in the manufacturing sector, fuelled by the industry 4.0 revolution expands the motion control market. The key contributor to the success of the industry 4.0 initiatives is mechatronics motion control. For example, smart servo technology facilitates inexpensive, high-efficiency, eco-friendly, safe, and compact machinery.

The motor is the crucial component in the motion control systems, and it captures 40% of the market share, due to an increase in the preference of manufacturers toward more energy-efficient motors to further reduce the operational cost and environmental footprint. Moreover, drives are predicted to experience exponential growth in the near future, at approx. rate of 5%, which regulated the speed of the electric motors.

Closed-loop systems dominate the market, attributed to their wide usage across industries, owing to numerous functional benefits of closed-loop systems than open-loop systems that involve no human intervention, due to complete automation.

The automotive industry contributes significant revenue to the motion control market, amounting to 20%, and it is expected to retain its position in the near future, due to massive autonomous driving technologies adoption. Companies are focusing on launching automated driving or self-driving facilitating motion control solutions. For

General variants hold an extensive proportion of the motion control market, and they are projected to experience substantial growth in the near future. The surge in the GMC category is led by the wide GMC servo motors and servo drives application across industries, primarily electronics, semiconductors, and food and beverages. For instance, Nexteer Automotive partnering with Continental Automotive launched a joint venture, CNXMotion, integrated with the Brake-to-Steer technology and steer-by-wire system variants across various SAE levels of driving automation.

The next significant end user of the motion control market is the semiconductor & electronics industry, and it is expected to witness a rise in the demand for the solution at the highest growth rate, due to the increase in adoption of the drives, high-tech motors, and motion controllers. The demand is also rising due to the complexities of the electronics and semiconductor manufacturing process, resulting in the increasing acceptance of miniature devices and microelectronics development.

APAC captures the largest share of the motion control market, accounting for 50%, and it is predicted to retain its position in the near future, due to the rising machine tools production and use of customized robots for varying applications. Moreover, the expansion of the manufacturing plants and quality machine development process is predicted to cause market propulsion.

Therefore, the new product launches in the automotive industry to support self-driving or autonomous driving boost the market.

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Why Is North America Ruling the Data Monetization Market?

The major drivers for the global data monetization market are the swift adoption of technologically advanced devices, reduced costs of data storage, and a large amount of data generation. In 2021, the market stood at $2,092.5 million, and it is predicted to reach $9,421.4 million by 2030, advancing at an 18.2% compound annual growth rate from 2021 to 2030. Furthermore, greater deployment of visualization solutions and data analytics will augment the growth of the market.  

Within the method segment, analytics-enabled platform-as-a-service dominates the data monetization market, accounting for approximately 40% share. Moreover, the demand for this service will continue to exhibit the same trend in the forecast period as well, attaining half the market share by 2030. This can be attributed to its ability to offer the assistance of an analytics platform and business intelligence in real-time data analytics, on account of its fewer operation restrictions. 

Data Monetization Industry Analysis and Growth Forecast 2030

In addition, embedded analytics will generate the second-highest revenue in the coming years, as it helps developers in improving customer satisfaction. Furthermore, the category in the data monetization market will advance at an over 17% CAGR in the coming years. This can be ascribed to its extensive utilization in developers’ applications because it offers better visually appealing analytics functions and provides technologically advanced services. Data discovery, machine learning, predictive analytics, data analytics, and reporting are some of the most commonly used embedded analytics. Additionally, it is infused in CRM and ERP applications by corporations for utmost customer satisfaction and enhanced market position.

In 2021, the BFSI sector generates about 23% revenue for companies offering data monetization services and software. This is credited to snowballing count of financial institutions and banks, leading to a voluminous data generation. Additionally, the ISO 20022 standardization, migration to real-time payment infrastructures, rise in the level of competition, and paradigm shifts in preferences of consumers will propel market growth in this category. Furthermore, the telecommunications & IT sector holds the second position in the market, as this sector generates huge amounts of data, due to the increasing number of mobile devices such as smartphones.

Within the enterprise size segment, the data monetization market is bifurcated into SMEs and large enterprises. Between the two, the large enterprises hold the greater share, of 70%. This is because of the gradual attempts being made to improve efficiency, maximize production, and acquire a larger share by the swift deployment of technologically advanced devices by large organizations. In addition, big companies have several revenue streams and intricate corporate networks, as a result, there is voluminous data generation, which, in turn, drives the market in this category.

Geographically, North America leads the data monetization market with a 35% share. This is due to the existence of a huge number of data providers, coupled with a swift integration of data monetization platforms, software, and services. Being home to the highest count of data monetization vendors within the country, the U.S. generates a higher revenue in the regional market. Moreover, an approximately 14% CAGR will be witnessed by the Canadian market in the region, due to the skyrocketing infusion of digital innovations into organizational techniques within numerous sectors and industries.

Hence, the lower costs of data storage and the high amount of data generation will provide lucrative opportunities to the market players.

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North America has the Highest Demand of Ultra-High Molecular Weight Polyethylene

The size of the ultra-high molecular weight polyethylene market in the year 2021 was about $1,896 million, and it will advance at a growth rate of above 10% in the years to come, to reach about $4,494 million by 2030. The advent of new uses in the healthcare and metal industry, the increase in requirement for a superior quality polymer in the making of bulletproof jackets for the military, and the expansion in the automotive sector will boost the inclusive market growth.

North America was the leader of the ultra-high molecular weight polyethylene market, with a share in excess of 30% in 2021. The increasing count of knee and hip replacement procedures, because of the rising aging population will increase the demand for UHMWPE. Furthermore, the increasing count of car manufacturing plants in Canada and the U.S. is enhancing the demand for battery separators and will have a favorable impact on industrial growth.

The APAC ultra-high molecular weight polyethylene market will grow at a significant rate, of in excess of 10%, during the forecast period, because of the development in key end-use businesses in India, Indonesia, Malaysia, Vietnam, and the Peoples Republic. The regional market will also be driven by automotive industrial hubs in the Peoples’ Republic, Japan, and South Korea. Japan's increasing senior population has been an additional key driver for the regional industry.

Furthermore, the surging requirement and the increasing purchasing power in the nations for example India and China will give possibilities for companies to expand in the years to come. Likewise, the reported upsurge in healthcare expenditure, as a result of the growing disposable income, in main emerging markets will drive the expansion of the market in the region.

The attitude for this ultra-high molecular weight polyethylene market is rather promising, as the requirement and production volume of UHMWPE will grow in the future. The current industrial capacity may have to increase at a momentous pace, which offers quite a few prospects for investors who want to fund manufacturing platforms to advance scale in some regions. This will eventually increase the sales of this product, as it is one of the most significant elements in the healthcare sector.

With the increase in demand for superior grade polymers, and the development of the automotive industry, there is an increasing need for ultra-high molecular weight polyethylene.

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How Does AWE Propel Green Ammonia Market?

In 2021, the green ammonia market contributed $16.4 million in revenue, and by 2030, it is projected to rise to $6,559.1 million, progressing at a 94.6% rate, ascribed to numerous ongoing industrial projects for chemical production in Oman, Oceania, and Mauritania. Moreover, it is aimed to achieve the 15-metric-ton capacity of the announced projects in 2030, which is about 8% of the ammonia production presently by 54 projects. In addition, the strict regulations, and increased efforts to attain zero-emission goals are expected to cause market propulsion with rising production of ammonia through clean methods.

Under the production segment, the AWE category is expected to experience the highest growth, accounting for 95% in the coming future, ascribed to the rise in the green hydrogen projects in numerous countries such as China, Germany, and Australia due to increasing investments in the development of the hydrogen-based economy. Moreover, the increasing investments in the hydrogen infrastructure provide numerous opportunities for green ammonia production by alkaline water electrolysis.

APAC contributes a significant revenue share to the green ammonia market, amounting to $7.06 million, ascribed to the strict government regulations, and environmental concerns with UN commitment to attain zero emissions in 2050. Furthermore, wind and solar energy are expected to proliferate the AWE, due to stringent emission laws and growing focus to attain zero-carbon goals.

Moreover, clean ammonia serves as both viable fuel and eco-friendly raw material for fertilizers, including the massive potential of solar and wind as renewable sources that are projected to dominate the renewable energy market in the coming years. In addition, key companies are increasingly investing to advance their position in the market. For instance, Thyssenkrupp Industrial Solutions has developed a system that utilizes air, water, and renewable energy, by using chlor-alkali electrode technology-based AWE process.

Therefore, the AWE category boosts the market, led by the pacing up of the green hydrogen projects in various countries.

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How Do Stringent Regulations to Curb Use of Synthetic Pesticides Propel Biocontrol Agents Market?

In 2021, the biocontrol agents market contributes $4,851.7 million revenue, and it is projected to capture $13,634.3 million in 2030, progressing at a rate of 12.2% from 2021 to 2030, ascribed to increase usage of biological products replacing the inorganic fertilizers, insecticides or pesticides boom the market. In addition, the biocontrol agents are eco-friendly, and effective in all seasons.

Moreover, Europe captures the significant biocontrol agents market, and its regional industry is projected to showcase a steady rise consistently in the near future, ascribed to the stringent regulations of governments on chemical pesticide use considering their harmful effects. For example, Europe aims to reduce the usage of hazardous pesticides by half in 2030.

The biocontrol agents industry is propelled by the active participation of companies in partnerships, acquisitions, and mergers to cater to the biopesticides demand, and thus creates numerous opportunities to expand themselves. For example, UPL Limited partnered with Chr. Hansen Holding A/S to launch ZOATIN, a bio solution that enables plant uptake and phosphorus used to enhance crop production

North America captures a significant share of the global biocontrol agents industry, and it is due to the vast availability of fertile land contributing to the increase in demand for organic products, and the growing awareness of the harmful effects of microbial pesticides. In addition, the agriculture sector in the U.S. has started to adopt natural and organic farming methods.

Therefore, the worldwide stringent government regulations to minimize the use of chemical-based pesticides, insecticides, and fertilizers drive the market.

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Why does North America Will grow with a 10.5% CAGR in Customer Engagement Solutions Market?

 The increasing application of customer engagement solutions in numerous industries, such as BFSI, healthcare, FMCG, and telecommunications are driving the market. In 2021, the global customer engagement solutions market accounted for $18,186.8 million, which is on the track to touch $43,398.9 million in 2030, advancing at a 10.1% CAGR from 2021 to 2030. Additionally, the cloud is rapidly being used to host such solutions as internet technology advances.

Customer Engagement Solutions Market Revenue Analysis Size, Share, and Growth Forecast, 2030

The top software providers on the continent provide a variety of customer interaction solutions so that companies may quickly respond to client complaints. This is why the North American customer engagement solutions market is predicted to advance at a CAGR of 10.5% in the coming years. These solutions provide measurements and useful information that can be used to enhance customer experience overall, hence boosting brand loyalty and lowering churn rates.

 

Moreover, during the forecast period, the U.S. customer engagement solutions market will grow at the highest CAGR in the region. Leading companies have invested in establishing companies outside of their native nations to attract clients from other countries. For example, to provide its current international clients with a one-stop solution for customer engagement throughout Europe, American startup ChurnZero opened an office in Amsterdam in December 2021.

 

Among client interaction solutions, the cloud category has a large share in the customer engagement solutions market. This is because more people are using smartphones and the internet, and information about products and services is available through a variety of channels, including business websites, social media platforms, and mobile applications.

 

The IT & telecom industry, which is the largest user of customer engagement solutions, will have the highest CAGR of 10.5% in the customer engagement solutions market, according to the report. Since the internet is the primary means of operation for IT and telecom businesses, particularly in terms of engaging with clients, they frequently utilize cutting-edge software to interact with them more effectively.

 

Additionally, many larger corporations have CSM teams that assist clients in achieving their objectives through the use of API analytics tools, which collect information on clients' website engagement and persuade them to upgrade contracts and renew subscriptions. These techniques can help CSM staff members discover customers' problems and attrition during economic downturns.

 

Since the retail industry employs API connectivity to provide customized consumer experiences, it will be the second-fastest growth in this decade. Businesses may now create new income streams and improve other decisions thanks to the increasing instrument of APIs for extracting company data.

 

Additionally, to increase their sales volume and client success rates, companies are investing in new technology. For example, Stefanini Group improves the digital purchasing experience with improved services, customization, and frictionless payments by utilizing IoT and AI. Members of its digital team mix analytics and cutting-edge UX to offer a better user experience.

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GIS in Telecom Market Will Touch $4,482.8 Million Value by 2030

Today, GIS is a widely used technology in the telecom sector. The technology is used by telecommunications service providers including Nextel, Pacific Bell, and others to design, construct, and run telecommunication networks and related services. In 2021, the GIS in Telecom Market was worth around $1,564.6 million, and it is on the track to hit a $4,482.8 million value by 2030. This is a result of increasing GIS use for broadband and mobile services as well as rising network installation demand.

One of the main global GIS in Telecom Market drivers is the rising need for network installation. After deciding on the best position to support its operations, a network tower is installed in a particular region. Moreover, telecom firms are concentrating on network planning and targeted growth due to the rising rivalry and the quick adoption of innovative wireless network technologies, including 4G and 5G.

GIS in Telecom Market Industry Analysis and Growth Forecast, 2030

Due to the region's fast 5G network, North America now maintains the biggest share in the GIS in Telecom Market. For its 5G wireless network service, Verizon Communications Inc. is running field tests with its partners. The need for GIS solutions for network design is growing in North America as the need for advanced network technology grows.

Additionally, the pandemic is boosting demand for digital technology as more people are using the internet to do work from home. A significant shift in the telecom sector has resulted from the unexpected rise in internet users, which is causing it to struggle with the increased need for higher bandwidths than before.

For example, 66.2% of the world's population will be online in 2022, and this is a 1,335% growth from 2000. Higher bandwidth is needed as a result of the rising demand for 5G networks, which fuels the growth of the GIS in Telecom Market even more.

Cloud is expected to experience a higher CAGR in the coming years, at 13.0%. As a result of the ease with which web browsers and mobile devices may access data stored in the cloud, telecom businesses are increasingly favoring cloud-based GIS solutions.

In addition, the use of AI combined with GIS may help companies take prompt, well-informed decisions. The two technologies are closely related and will be utilized more often in fields including fleet localization, location intelligence, and asset tracking and management. In the long run, this will alter the GIS environment and enhance the technology's potential, propelling the growth of the GIS in Telecom Market.

The use of IoT and AI in advanced technologies is transforming GIS operations. As a result, vendors are focusing more emphasis on integrating their products into sensors and devices that enable connected technology to let telecom companies get data that is specific to their requirements.

Due to their small size and higher flexibility to collect geographical data, these miniature systems are gaining popularity all over the world. They make it possible to collect real-time data for navigation and mapping, which further aids telecom businesses in developing their network design and growth strategies.

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