Enterprise Content Management Market Latest Innovations, Drivers and Industry Key Events by 2025

The global enterprise content management market size is expected to reach USD 93.76 billion by 2025, according to a study conducted by Grand View Research, Inc., registering a CAGR of 15.6% during the forecast period. Soaring need for securing confidential data is triggering the adoption of enterprise content management software. Components of the software include solutions and services such as document management, web content management, records management, document collaboration, and digital rights management. These solutions enable enterprises to reduce their data storage costs and enhance productivity by allowing them to collaborate with employees.

In North America, availability of advanced IT infrastructure and presence of prominent IT giants such as IBM and Microsoft Corporation is poised to drive the adoption of enterprise content management software. Latin American and MEA are projected to witness considerable growth over the coming years owing to growing preference of enterprises for cloud and rising need for IT services by the government sector.

However, vendor dependence and high cost of maintenance are likely to hamper the growth of the market. To overcome this, ECM providers may offer flexibility to enterprises and low-cost maintenance services for gaining credence among organizations.

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Further key findings from the study suggest:

·       The services segment is expected to post the highest CAGR of over 17.0% during the forecast period due to growing emphasis on periodic maintenance and employee training to enhance operational efficiencies

·       Cloud-based ECM provides benefits such as high service level, which will drive the growth of the segment over the forecast period. The segment is anticipated to command more than 60% of the overall market revenue by 2025.

·       The SME segment is expected to expand at a CAGR of 21.1% over the forecast period owing to reduced data storage costs and security offered by enterprise content management

·       Transportation & logistics is expected to rise at a CAGR of over 16% over the same period

·       Latin America is expected to emerge the fastest-growing region over the forecast period as enterprises in this region are shifting towards cloud deployment

·       Prominent industry participants operating in the market include IBM, Hewlett Packard Enterprise (HPE) Company, M-Files Corporation, and Microsoft Corporation.

Grand View Research has segmented the global enterprise content management market based on component, deployment, organization type, vertical, and region:

Enterprise Content Management Component Outlook (Revenue, USD Million, 2014 - 2025)

·         Solutions

·         Services

Enterprise Content Management Deployment Outlook (Revenue, USD Million, 2014 - 2025)

·         On-Premise

·         Cloud

Enterprise Content Management Organization Type Outlook (Revenue, USD Million, 2014 - 2025)

·         SMEs

·         Large Enterprises

Enterprise Content Management Vertical Outlook (Revenue, USD Million, 2014 - 2025)

·         BFSI

·         Communication Media & Services

·         Retail

·         Manufacturing & Natural Resources

·         Transportation & Logistics

·         Government & Utilities

·         Others (Food & Beverages, Oil & Gas, Real Estate)

Enterprise Content Management Regional Outlook (Revenue, USD Million, 2014 - 2025)

·         North America

o    U.S.

o    Canada

·         Europe

o    U.K.

o    Germany

·         Asia Pacific

o    China

o    Japan

·         Middle East and Africa (MEA)

·         Latin America

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Impact of Existing and Emerging Food Robotics Market Trends And Forecast by 2025

The global food robotics market is anticipated to reach USD 3.35 billion by 2025, according to a new report by Grand View Research, Inc. The growing demand for packaged food, need for automation, increasing food safety regulations, and high labor costs are expected to drive the food robotics market.

The industry has witnessed increasing investments in R&D activities, since the past few years, for the development of technologically-advanced robotics and automated systems. The increasing labor costs are driving the packaged food producers toward the adoption of automation systems. The application segments of the market include palletizing, packaging, repackaging, picking, and processing.  

The packaging segment is presumed to hold the highest growth rate over the forecast years. The market is witnessing increasing use of packaging automation solutions in food industries. The advantages bestowed by the technology include higher efficiency in food production and processing, increased production efficiency, and consistent quality of products.

The key market participants IN the food robotics market are ABB Group,Kawasaki Heavy Industries Ltd., Fanuc Corporation, Yaskawa Electric Corporation, and others. The vendors in the robotics and automation market are likely to witness increased demand for robotics solutions over the forecast years, owing to the increasing technological advancements.

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Further key findings from the study suggest:

·       The SCARA segment is presumed to be the fastest-growing segment with a CAGR of 15.5% over the forecast period

·       Medium payload capacity robots are predicted to largely contribute to the market growth as they facilitate increase in performance and efficiency

·       Asia Pacific is expected to be the fastest-growing region, owing to the high demand for packaged food in economies such as Japan and China

·       The major players in the food robotics market are BB Group, Kawasaki Heavy Industries Ltd., Fanuc Corporation, and Yaskawa Electric Corporation

Grand View Research has segmented the global food robotics market based on types of robots, payload, applications, and regions:

Types of Robots outlook (Revenue, USD Million; 2014 - 2025)

·         Articulated

·         Parallel

·         SCARA

·         Cylindrical

·         Other

Payload outlook (Revenue, USD Million; 2014 - 2025)

·         Low

·         Medium

·         Heavy

Application outlook (Revenue, USD Million; 2014 - 2025)

·         Packaging

·         Repackaging

·         Palletizing

·         Picking

·         Processing

·         Other

Regional Outlook (Revenue, USD Million; 2014 - 2025)

·         North America

o    U.S.

o    Canada

·         Europe

o    Germany

o    Italy

·         Asia Pacific

o    Japan

o    China

o    Republic of Korea

·         Rest of the World

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Mining Automation Market Share, Growth and Key Vendors During the Forecast Period

The global mining automation market size is expected to reach USD 6.2 billion by 2025 at a CAGR of 7.3% during the forecast period, according to a report by Grand View Research, Inc. Increasing need to enhance accuracy and productivity of mining operations is expected to drive market growth.

Need for optimizing production costs, reducing human intervention, and changing the mining landscape are key growth-driving factors for the market. Increasing investment in digital technologies, including analytics and human-machine interactions, is also expected to be one of the key factors boosting industry growth. Furthermore, complex stages involved in supply chain activities and growing sophistication in mining operations are driving the need for automation and robotics technology in this sector.

Growing automation has led to adoption of drones as a step toward the evolution of unmanned and aerial data collection technology in mines. Automated drone systems are expected to become an essential technology in future mining automation and digitization activities.

Several companies such as Tata Steel, Rio Tinto Group, and Komatsu Ltd. are the early adopters of drone technology. Usage of these systems enables quick data collection by enhancing accuracy in designing mine plans and making necessary changes, thereby boosting operational productivity.

Changing mining landscape across the globe along with dependence on specific technologies is expected to create growth opportunities over the next few years. Such changes in operations are challenging the viability of traditional exploration and drilling technologies and processes, thereby providing opportunities for the adoption of new technologies.

Rising need for Geographic Information Systems (GIS) in mineral exploration activities has boosted market growth. GIS enables professionals to perform in-depth analysis of insights related to mineral exploration, mining conditions, and geochemical or hydrological data.

Several economies including India, Africa, and Brazil lack the potential for growth owing to use of conventional exploration techniques and equipment. Increased need for exploration in these economies with the adoption of advanced technologies is expected to accelerate demand for automated solutions over the forecast period.

Rising investments and government support, along with ongoing initiatives such as Digital Transformation Initiative (DFT) for a digital transition in the mining sector, would significantly boost the adoption of automated solutions. For instance, in 2017, the Government of Australia announced its plans to invest approximately USD 79 million to encourage medium- and small-sized miners to carry out exploration activities.

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Further key findings from the report suggest:

·       The equipment automation segment is projected to expand at a CAGR of 7.5% over the forecast period. Retrofitting existing equipment with automated technology is expected to substantially contribute to segment growth

·       The autonomous trucks sub-segment is expected to dominate the equipment automation segment over the forecast period, on account of their increased deployment to boost productivity and safety

·       The metal mining application segment is expected to grow at a significant rate over the forecast period, which can be attributed to increased gold exploration activities globally

·       The revenue share of Asia Pacific is expected to surpass 40.0% by 2025, owing to growing penetration of automation solutions in economies including Australia and India

·       Prominent market players include Rockwell Automation, Inc.; Komatsu Ltd.; Rio Tinto Group; and Caterpillar Inc.

·       Increased investments in developing automated solutions by either launching new products or retrofitting existing equipment are some of the growth strategies adopted by key players..

Grand View Research has segmented the global mining automation market on the basis of solution, application, and region:

Mining Automation Solution Outlook (Revenue, USD Million, 2014 - 2025)

·         Software Automation

·         Services

o    Implementation and Maintenance Services

o    Training Services

o    Consulting Services

·         Equipment Automation

o    Autonomous Trucks

o    Remote Control Equipment

o    Teleoperated Mining Equipment

Mining Automation Application Outlook (Revenue, USD Million, 2014 - 2025)

·         Metal Mining

·         Mineral Mining

·         Coal Mining

Mining Automation Regional Outlook (Revenue, USD Million, 2014 - 2025)

·         North America

o    U.S.

o    Canada

·         Europe

o    Germany

o    U.K.

·         Asia Pacific

o    China

o    India

o    Japan

o    Australia

·         Latin America

o    Brazil

o    Mexico

·         MEA

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Rear Spoiler Market Size Worth $7.30 Billion By 2025 with a CAGR of 7.9%

The Report Rear Spoiler Market Size, Share & Trends Analysis Report By Vehicle Type (Conventional Car, Green Vehicle), By System Type (Passive Spoiler, Active Spoiler), By Region, And Segment Forecasts, 2018 - 2025

The global rear spoiler market size is expected to reach USD 7.30 billion by 2025, according to a study conducted by Grand View Research, Inc., progressing at a CAGR of 7.9% during the forecast period. Soaring need for safe and fuel-efficient vehicles is boosting the adoption of rear spoilers. They provide increased braking stability that offers drivers enhanced braking time at high speed.

The North America region is anticipated to witness considerable growth over the coming years due to domicile of rear spoiler providers such as Magna International and DAR Spoilers. Additionally, stringent emission control norms are encouraging users to invest in rear spoilers. They reduce the drag by pushing air around the vehicle, which assists in gaining fuel efficiency. Growing emphasis on enhanced fuel efficiency is triggering the growth of the market in developing regions. Prominent automobile companies such as Aisin Seiki Co, Ltd are making significant investments in countries such as China.

However, high costs of installation and maintenance may hamper the growth of the market over the forecast period. In order to address the challenge, rear spoiler providers often offer appropriate devices at affordable prices along with post-sale services for building customer confidence.

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Further key findings from the study suggest:

·       The green vehicles segment is expected to be the fastest growing segment with a CAGR of over 8.0% during the forecast period, owing to benefits such as low maintenance costs

·       Active spoilers offer benefits such as high aesthetics and reduced torque. The segment is likely to dominate the market throughout the forecast period, accounting for more than 60.0% of the overall revenue by 2025

·       North America is estimated to be the most promising region over the forecast period owing to domicile of a large number of key players

·       Some of the prominent companies operating in the market are Magna International Inc.; Plastic Omnium; Aisin Seiki Co.; Ltd; DAR Spoilers; INOAC Corporation; and SMP Group.

Grand View Research has segmented the global rear spoiler market based on vehicle type, system type, and region:

Rear Spoiler Vehicle Type Outlook (Revenue, USD Million; 2014 - 2025)

·         Conventional Car

·         Green Vehicle

Rear Spoiler System Type Outlook (Revenue, USD Million; 2014 - 2025)

·         Passive Spoiler

·         Active Spoiler 

Rear Spoiler Regional Outlook (Revenue, USD Million; 2014 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         South America

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com