Business Impacts of COVID-19 on GIS Market | Strategies of Major Industry Competitors

GIS vendors offer services (managed and professional), hardware, data, and software. As GIS data is extensively used for routing, modeling, mapping, reporting, and geocoding, its demand is expected to be the highest in the coming years. In addition to this, GIS data is in high demand for regional literacy mapping applications in emerging economies, including Mexico, India, Brazil, and China. 

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/geographic-information-system-market/report-sample

Moreover, GIS is registering a high demand from the water & wastewater sector, on account of the strict government regulations, including Water Law of the People’s Republic of China and America’s Water Infrastructure Act 2018, for providing safe drinking water in major countries. The smart city project projects of China, where GIS is being utilized in development and planning, are further predicted to make APAC the fastest growing GIS market in the coming years.

The demand for GIS for mapping is further projected to increase in developing countries, for utilization in urban planning applications, such as classification of land zone, water quality management, land acquisition, and environment impact and urban growth assessment. Apart from the defense & aerospace sector, industries which utilize GIS include healthcare, oil & gas exploration, telecommunications, water & wastewater, oil & gas refining, government, transportation & logistics, and engineering & business services. 

Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=geographic-information-system-market

The government sector made the most use of GIS in the past, due to the fact that the governments of Canada and the U.S. are using the tool for analyzing food production sources, in order to eradicate hunger. In addition to this, the mapping of environmental degradation and climate changes is also being carried out for reporting and monitoring the changes. The utilization of GIS is projected to grow significantly in both North America and Asia-Pacific (APAC) in the near future, due to the increasing investments in GIS-based infrastructure by governments in both the regions.

Hence, the adoption of GIS is increasing in the defense sector and for mapping applications.

Read More

Ultraviolet (UV) Curing System Market Size to Increase by $1.0 Billion by 2024

From $9.33 trillion in 2019, the total value of the goods manufactured across the globe rose to $14.17 trillion in 2018, says the World Bank. This has been a cumulative result of the increase in investments, both domestic and foreign, advancements in technology, and growing consumer demand for various products. Talking of manufacturing technology specifically, advanced production methods not only help manufacturers cut down on their operational costs, but also increase their output. One of the trending manufacturing technologies, these days, is ultraviolet (UV) curing, wherein UV light is used to cure or dry inks, coatings, and adhesives, rather than heat or air.

Hence, with growth in manufacturing, the procurement of machines which enable UV curing is also rising. This is why the UV curing systemmarket revenue is on path to rise from $1.4 billion in 2018 to $2.4 billion by 2024, at an 8.8% CAGR between 2019 and 2024 (forecast period). In the manufacturing sector, this technique is prized because it shields the substrates from moisture, corrosion, and chemical spills. Further, as UV curing is fast, it leads to a higher output in lesser time, which helps manufacturers maximize their resources, and ultimately, the revenue.

Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/uv-curing-system-market/report-sample

Market Segmentation by Type

·         Spot Curing

·         Flood Curing

·         Hand-Held Curing

·         Conveyor Curing

Market Segmentation by Technology

·         Conventional Ultraviolet (UV)

·         Ultraviolet Light-Emitting Diode (UV LED)

·         Others (Mercury Lamp and Microwave Lamp)

Market Segmentation by Pressure

·         Low

·         Medium

·         High

Market Segmentation by Application

·         Printing

·         Coating

·         Adhesive

·         Others (Water Disinfection, Substrate Assembling, and Finishing)

Market Segmentation by End User

·         Aerospace and Defense

·         Industrial Manufacturing

·         Electronics

·         Automotive

·         Healthcare

·         Others (Water Treatment Plants, Food and Beverages, Media and Entertainment, Oil and Gas, and Agriculture)

Around the world, Asia-Pacific (APAC) has been the largest UV curing system market up till now, as it is one of the largest electronics and automobile producers across the world. Incidentally, the automotive industry currently accounts for the widest usage of the UV curing technology. Additionally, the adoption of this technology is increasing in metal and plastic finishing and packaging applications in APAC, which is a result of the rapidly growing food and beverages sector here, on account of the increase in people’s disposable income. With increasing purchasing power, people in Thailand, India, Indonesia, and Vietnam are buying packaged food and electronic gadgets at a high rate.

Make Enquiry Before Buying the Report@ https://www.psmarketresearch.com/send-enquiry?enquiry-url=uv-curing-system-market

Hence, due to its fast and more-efficient drying ability, UV curing would be adopted by a rising number of manufacturers to increase their output.

Read More

Smart Lighting Market by Manufacturers, Regions size and Forecast up to 2023

Since the late 19^th century, the average global temperatures have increased by around 0.9 °C, the National Aeronautics and Space Administration (NASA) says. The major reason behind is the greenhouse gases emitted by vehicles, houses, and industries, which trap the heat, but do not let it escape.

Apart from climate change, these emissions also cause respiratory issues, such as lung cancer, asthma, and chronic obstructive pulmonary disease (COPD). This is why, governments around the world are focusing on reducing these emissions, both by switching to renewable energy and adopting energy-efficient practices at homes and other places.

Thus, with the strong need to conserve electricity, so that the workload on the fossil-fuel-based power plants decreases, the smart lighting market is growing. Such lights are integrated with smart sensors and electronic circuits, which lead to a reduced power consumption.

Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/smart-lighting-market/report-sample

As per estimates, in the next 25 years, the worldwide electricity demand would jump by around 50%, and to meet it, 700 power plants, each with a capacity of around 500 MW, will have to be constructed, at a cost of $1 trillion. Thus, to ensure as few emissions as possible and also save on money, electricity saving via smart lights is becoming popular.

The smart lighting market growth would be the fastest in Asia-Pacific (APAC), on account of the enhancements in the technology.

Another reason behind the growing demand for smart lighting is the large number of initiatives being taken for the development of smart cities. As such infrastructure is specially designed to reduce the usage as well as check the wastage of energy, smart lighting is an essential component here.

With countries strongly pursuing the creation of such ecosystems, such as India under its ambitious Smart Cities Mission, the demand for smart lighting would continue rising in the coming years. Data related to CO₂ emissions, humidity, audio-video activities, and ultraviolet (UV) light is gathered by the sensors in such lights.

Read More

Ultrasonic Sensors Market Outlook and Forecast 2020 due to COVID-19 Impact

The increasing need for ultrasonic sensors from manufacturing industries is one of the biggest factors propelling the demand for these sensors across the world. In manufacturing industries, the ultrasonic sensors are used in a plethora of applications such as diameter measurement of roll, tank water level measurement, loop control, distance measurement, and height measurement. Owing to the soaring industrial production in developing nations, the demand for ultrasonic sensors will rise significantly especially in level measurement applications. For instance, it was recorded in September, 2019 that the industrial production in Turkey registered a year-on-year (YoY) growth rate of 3.4%.

The burgeoning utilization of ultrasonic sensors in automobiles is another factor pushing their demand across the world. These sensors are used in a wide array of applications in automobiles such as in object detection and identification, park assistant systems, and level sensing in fuel tanks. 

Due to the above-mentioned factors, the ultrasonic sensor market is expected to increase its value from $4.1 billion in 2019 to $12.1 billion by 2030, demonstrating a CAGR of 10.2% during the forecast period (2020—2030). Ultrasonic sensors are widely used in industrial, automotive, healthcare, food & beverage, and agricultural sectors. Amongst these, the automotive sector is expected to observe the fastest growth in the adoption of ultrasonic sensors during the forecast period, primarily due to the rising demand for these sensors for use in self-driving cars for obstacle detection.

Global Ultrasonic Sensor Market Segmentation

Market Segmentation by Type

• Range Measurement
  • Through beam sensor
  • Retro-reflective sensor
• Proximity Detection
  • Proximity sensor
  • 2 point proximity switch

Market Segmentation by Application

• Level Measurement
• Distance Measurement
• Object & Pallet Detection
• Loop Control
• Diameter Measurement
• Others (Height Measurement and Web Break Detection)

Market Segmentation by End User

• Food & Beverage
• Automotive
• Healthcare
• Agriculture
• Industrial
• Others (Marine and Aerospace & Defense)

Speak to Analyst: https://www.psmarketresearch.com/speak-analyst/ultrasonic-sensor-market

Globally, the Asia-Pacific (APAC) region recorded the highest usage of ultrasonic sensors in 2019. This region is also expected to witness the fastest growth in the adoption of ultrasonic sensors during the forecast period. This is mainly ascribed to the increasing need for these sensors for automation in industries. Additionally, the increasing population level and rising focus on smart agriculture in India and China, is considerably boosting the demand for ultrasonic sensors in APAC. The expansion of food & beverage, chemicals, and automotive manufacturing industries is also fuelling the rising demand for ultrasonic sensors in APAC.

Hence, it is clear that owing to the surging demand for ultrasonic sensors from the manufacturing industries, growing popularity of premium vehicles, and the increasing need for ultrasonic sensors for use in the advanced automotive systems of these vehicles, the demand for ultrasonic sensors will grow consistently over the next few years.

Read More

How is COVID-19 Epidemic Impacting Respiratory Diagnostic and Monitoring Device Market?

Living without oxygen is not possible, but apart from merely having it all around, it is also important to have a good pair of lungs, to be able to take in the gas and convert it to energy. Since life isn’t fair and not everything is good, there are a horde of respiratory diseases which hamper with the functioning of the lungs. Among the most common are chronic obstructive pulmonary disease (COPD) and asthma, with the World Health Organization (WHO) putting their annual incidence at 251 million and 235 million cases, respectively.

Hence, with the increasing hospitalization rate, as a result of the rising prevalence of these and many other breathing-related diseases, the respiratory diagnostic and monitoring device market size is growing around the globe. In the present times, the COVID-19 epidemic is the world’s biggest problem, and since it is a respiratory disease, the demand for such devices is rapidly increasing with its growing hold. Since claiming its first victim in December 2019, the epidemic had resulted in 170,473 deaths and 2,482,343 cases till April 21, 2020. This virus has forced almost the entire world into an economic shutdown, and the only thing increasing apart from the case and death count, is the number of healthcare centers.

To Learn more about this report@ https://bit.ly/2MoLDEc

On a geographical basis, the largest respiratory diagnostic and monitoring device market is currently North America, as it has a fast growing geriatric population. For instance, compared to 49.2 million in 2016, 98 million people would be in the age group of 65 and above, in the U.S., in 2060, as per government sources. Additionally, the country has been the worst struck by COVID-19, registering the highest worldwide death count of 42,518, as of April 21, 2020. Additionally, a range of new and improved devices are being launched in the continent, which would further help increase their uptake.

Therefore, with the ongoing coronavirus pandemic and increasing geriatric population, the requirement for instruments to measure people’s lung function will continue rising.

Read more: https://www.psmarketresearch.com/market-analysis/respiratory-diagnostic-and-monitoring-device-market

Read More

Business Continuity Management Market Growth Analysis, Post COVID-19 Impact | Potential Business Impacts for Key Players

A key trend in the BCM market is the growing adoption of business impact analysis (BIA), which is because BIA assists SMEs and large enterprises in identifying critical activities and processes, such as return of investment. Several aspects included under BIA are storage optimization, increased expenses, regulatory fines, contractual penalties, delay of new business plans, modern workload protection, lost/delayed sales and income, network security, and customer dissatisfaction. 

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/business-continuity-management-planning-solutions-market/report-sample

The faster growth in demand for BCM services and solutions is expected to be witnessed by small and medium enterprises (SME) in the near future as compared to large enterprises. This is because, the SMEs are inclining toward expanding their organizations and streamlining their business structure. Moreover, these enterprises usually rely on limited resources for safeguarding their operations and solutions that generate revenue, which is further creating the requirement for BCM by SMEs. 

As per a research conducted by P&S Intelligence, the global BCM market reached a value of $359.2 million in 2018 and is projected to attain $875.7 million in 2024, advancing at a 15.4% CAGR in the coming years. Apart from risk management, the different solutions provided by BCM are government, risk, and compliance, crisis management and audit management. Furthermore, BCM also offers managed and professional services to the enterprises. 

Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=business-continuity-management-planning-solutions-market

The operational risks in organizations, such as model risk, cybersecurity risk, conduct risk, and vendor risk, are on a rise owing to the stiff regulatory compliances and fines and increasing economic uncertainties. In order to deal with these, the enterprises are demanding real-time risk assessment, robust risk mitigation, and greater risk accountability from business and management lines. 

Read More

Product Analytics Market Growth Analysis, Post COVID-19 Impact | Potential Business Impacts for Key Players

A key driving factor of the product analytics market is the advancements in cognitive technologies. The cognitive technologies, which include deep learning technologies, such as convolutional neural networks, are based on the human brain’s ability to learn through inference and decomposition. These technologies are projected to become the standard approach for the processing of complex data streams produced for offering active insurance products to the customers as per their individual activities and behaviour.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/product-analytics-market/report-sample




The global product analytics market is projected to generate a revenue of $38,049.5 million in 2024, advancing at a 18.8% CAGR during the forecast period (2019–2024). The key driving factors of the market include the surging adoption of smartphones, rising focus of product teams to offer personalized services and products to their customers, shift from web-based internet surfing to mobile-based internet surfing, and advancements in cognitive technologies. In terms of service type, the market is divided into professional and managed services.

The professional services category dominated the product analytics market in 2018 due to the increasing demand for expert training and insights into the deployment and usage of advanced analytics solutions and growing requirement for consultancy. In terms of deployment type, the market is classified into cloud-based and on-premises. The cloud-based classification held the larger share of the market in 2018 and is further projected to grow at the fastest pace during the forecast period. The reason for this is that the cloud-based deployment allows fast data access to product teams, which improve customers’ behavior tracking to gain competitive edge, and flexible storage.


Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=product-analytics-market

When industry is taken into consideration, the banking, financial services, and insurance (BFSI) category is expected to account for the largest share of the product analytics market during the forecast period. This is attributed majorly to the shift in preference from conventional banking to digital banking, rising demand for personalized banking services, improved customer service experience, and growing preference of customers toward digital channels. The enterprises are increasingly adopting intelligent analytics in order to enhance their interactions with the customers, which leads to the business’s sustainability, growth, and profitability.

Read More