The global 3D medical imaging market is forecasted to progress at a CAGR of 9.03% over the projected years of 2018-2026

The global 3D medical imaging market is forecasted to progress at a CAGR of 9.03% over the projected years of 2018-2026

By Inkwood Research   September 05, 2018   No comments:

The global 3D medical imaging market is forecasted to progress at a CAGR of 9.03% over the projected years of 2018-2026. The market is chiefly progressing owing to factors like the growing popularity of minimally invasive procedures, high incidences of chronic cases and significant use of the new visualization methods and technology.

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MARKET INSIGHTS

Market segmentation of the global 3D medical imaging market is done according to the components, deployment, end-users and applications. Market components include hardware, software and services. The deployment segment of the 3D imaging market can be categorized into on-premise based platform, cloud-based platform and web-based platform. The end-users of this market are hospitals, ambulatory and healthcare settings, diagnostic centers and research centers while the market finds its applications in ultrasound, digital radiography, magnetic resonance imaging, computed tomography, nuclear imaging, mammography, endoscopy and other applications.

REGIONAL INSIGHTS

The regional segmentation of the global 3D medical imaging market is done into Europe, Asia-Pacific, North America and rest of the world. The North America 3D medical imaging market is expected to capture the highest revenue share by the end of the forecast period. The increasing prevalence of chronic diseases and the availability of advanced healthcare facilities in the region are chiefly contributing to this region’s progress. However, by the end of 2026, the highest CAGR is expected from the Asia-Pacific 3D medical imaging market.

COMPETITIVE INSIGHTS

Few of the leading companies operating in the 3D medical imaging markets are Ambra Health, Arterys, Depuy Synthes Companies, Fovia, Ge Healthcare, Koninklijke Philips N.V, Mach7 Technologies Ltd, Medtronic Inc, Olympus Corporation, Pie Medical Imaging Bv, Planmeca Oy, Siemens Healthcare, Stryker Corporation, Surgical Theater Llc, and Whiteclouds.

Geographically, the global 3D medical imaging market has been segmented on the basis of four major regions, which include:

3D medical imaging North America market: The United States & Canada
3D medical imaging Asia-Pacific market: China, India, Japan, Australia & Rest of APAC
3D medical imaging Europe market: The United Kingdom, France, Germany, Spain & Rest of Europe

Rest of World: Latin America & Middle East and Africa

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Social Media Driving Growth in the Text Analytics Market With a 17.16% CAGR

Social Media Driving Growth in the Text Analytics Market With a 17.16% CAGR

By Clive Cooper   February 18, 2018   2 comments:

Text analytics is an emerging technology in the field of big data analytics, which is targeted to handle unstructured text data. Due to data deluge, there is a considerable demand for text analytics from various end-user industries, such as Banking, Financial Services & Insurance (BFSI), Healthcare, Fast Moving Consumer Goods (FMCG), Telecommunication, and so on.

Text analytics has four group of institutions which utilises its solution; public administration, consumer-facing businesses, life sciences, government, and scientific and technical research. These industries emphasize on online news, social postings, and enterprise feedback. Nowadays, users involved in these group-institutions seek to extract numerous relevant data/information. This, coupled with the continuous integration of artificial intelligence with features like linked intent and sentiment-attitudes, and emotions, the market for text analytics is likely to grow in the future.

Social media driving the text analytics market

Social media analytics used to be a frantic work for analyst before the introduction of social media-based analytical tools. Social media analytics deals with handling an unstructured data that is offered on social media into significant information for business. Companies use the data collected from social media to meet their goals in business and analyse critical indicators for resourceful performance. The market of social media analytics includes many analytical tools such as Twitter Analytics, Facebook Analytics, Google Analytics, Keyhole, Brandwatch, Edgar, BuzzSumo, Crowdbooster, TweetReach and Tailwind for specific needs of research to establish a market strategy. 

Due to ease in the collection of raw data and low cost involved, the social media analytics has attracted many small scale and large scale business such as Dell, Best Buy, Coca-cola, Nike, ITC and others as a profitable platform for data collection and processing.

Predictive text analytics is the fastest growing segment of technology

Text analytics technology bundles highly innovative techniques to quantify the processes of text analysis and deploy the automation of qualitative analysis of the text data. By technologies, the global text analytics market is segmented into; descriptive data analytics, predictive data analytics, text clustering, and web mining. Predictive text analytics comprises a variety of statistical techniques for machine learning, data mining, predictive modelling and prediction analysis, using any relevant data and information. In text analysis, this model exploits the pattern hidden behind any string of text which has some sentiment or emotions linked to it. This helps to take proactive decisions.

North America dominates the Text Analytics Market

North America was the market leader in the text analytics market in 2016. The primary factor that is augmenting the growth of the North America text analysis market is the technological advancement in the region, including the well-established cloud management technology. Cloud traffic in North America, in the year 2015, was estimated to be 1891 Exabyte (888 billion gigabytes) per year. In the year 2016, cloud traffic in the region reached 2771 Exabyte per year. The increasing cloud traffic indicates the growing number of data that needs to be processed. As a result, the market is fast expanding to cater to the rising need for processed data

According to Inkwood Research “The global text analytics market value was $3020 million in 2016, and it is expected to grow with a CAGR of 17.16% during the forecast period of 2017-2025.”

The global ‘text analytics’ market enjoys the presence of several established market players such as IBM, Attivio, Basis Technology, Brainspace, Dell, KPMG, Lexalytics, Linguistics, Open Text, SAS, SAP and so on

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Benefits of GMOs are Uplifting the Genetically Modified Foods Market

Benefits of GMOs are Uplifting the Genetically Modified Foods Market

By Inkwood Research   February 15, 2018   No comments:

A bioengineered food or a genetically modified (GM) food refers to the food/feed that is derived from altering the genetic structure of an animal or plant. The use of genetically modified organism allows changing the genetic makeup of organism or food with the aim of inducing new trait to the plant/ animals, which do not occur naturally in the species. For example, in food crops, the use of genetic alteration can induce resistance to certain pests, environmental conditions, or diseases. The application of biotechnology in food dates back to 4000 BC where yeast was used to make wine and bake leavened bread, while around 2000 BC, the Egyptians, Chinese, and Sumerians developed techniques of fermentation, cheese-making and brewing.

According to a recent report published by Inkwood research “Global genetically modified foods market was valued at $22.7 billion in 2017, and it is estimated to generate a net revenue of approximately $35.2 billion by 2026, rising at a CAGR of 5.10% during the forecast period of 2018-2026.”

Genetically modified foods production reduces the need for pesticides

Genetically modified crops production reduces the need for pesticides as the GM crops are modified to be herbicide tolerant. GMO use in the products is relied upon to change how pesticides are utilized as a part of agriculture.  Herbicides-tolerant GM crops have led to an increase in herbicides usage while insecticide-producing GM crops have led to a decrease in insecticides usage. As per the National Public Radio of U.S, genetically modified bioengineered insect-protected corn has allowed farmers to reduce their use of insecticides to fight the corn rootworms. According to the national institute of health, the well-being impacts of pesticides are not surely known, but their utilization has been related to conditions like malignancy, diabetes and neurological impacts.

Bioengineering plays a vital role

Genetically modified foods are also known as bioengineered foods that are rich in nutrition. Bioengineered foods are those foods which are being modified by genetic engineering techniques that encourage the production of crops which are rich in nutrients, exhibit faster growth and can resist diseases. Increasing awareness of health and fitness among consumers is primarily driving the demand of the Genetically Modified Food Market.

Asia Pacific is likely to be a significantly growing regional market

An industrial uprising of sorts is happening in the Asia-Pacific region, which blends urbanization with the rising middle class and rural economies. Government efforts to switch to self-sufficiency and sustainability could eventually streamline approval processes for genetically modified crops in this region. In 2008, China’s State Council approved a 13-year, $13.5 billion biotechnology initiative for domestic GM crop development. Only four domestically developed crops are commercially cultivated in the country, although some foreign developed GM field crops are approved for importation and food processing. China issues biosafety certificates for each GM crop trait; the certificates are valid for only three years, and many of them are set to expire within the next five years. The Primary applications of bioengineered crops are mainly in the agriculture sector and for various animal culture techniques.

With all the technological advancement there comes a little negativity. Although the demand for genetically modified food is surging, there has been a lot of debate concerning its negative impact. The genetically modified food has become a topic of debate as although it is beneficial for both consumers and food producers, it is also accompanied by potential environmental side effects and biomedical risks.

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Rising Demand for Smart City Projects Is Evolving the Global Smart Water Management Market

Rising Demand for Smart City Projects Is Evolving the Global Smart Water Management Market

By Inkwood Research   February 11, 2018   No comments:

In 1972, a sensor monitoring system was developed by Theodore Paraskevakos, in Huntsville and in 1974, Paraskevakos developed the first commercially available fully automated, remote meter load and reading management system. The increased trend in adopting detailed real-time data and analytics into the digital system smart water metering emerged in the 2000s. The advancements in the metering have helped to deliver more proactive and predictive services to the consumers, followed by the introduction of advanced metering infrastructure (AMI) and advanced meter reading (AMR) technology that can provide a remote two-way constant data link between water utilities, meters and consumers that has redefined the water management market. Further, the company catering the smart water management solutions have adopted Supervisory Control and Data Acquisition (SCADA), network monitoring systems, advanced analytics systems to provide better and efficient management solutions.

Rising smart city projects is one of the key drivers adding to the growth of the global smart water management market. The smart city consists of smart energy, smart buildings, smart mobility smart governance, smart infrastructure and more. Smart energy consists of smart grids, smart meter and intelligent energy storage. Rising investment for achieving smart city projects is fueling the growth of the smart water management market. Water management is a major provision in the smart city agenda. According to India brand equity foundation organization, the government of India has launched an initiative for building 100 smart cities with an outlay of $ 7.47 billion and $7.34 billion under Atal Mission for rejuvenation and Urban Transformation for 500 cities. Hence, rising government investments in smart water management and smart city projects will positively influence the growth of smart water management market. Also, investment in achieving smart city projects is offering lucrative growth in smart water management market.

Professional services holds the largest share in the service segment

Professional services in global smart water management market include maintenance and support services, consulting services and deployment and integration services. These services help to enhance the efficiency of smart water management system and increase its adoption along with a reduction in operating expenses and resource losses. Also, these services help the client to design, plan, and deploy new systems into their existing facilities. Professional service is majorly provided to municipalities, utility districts etc. across the globe. Increasing construction of smart water management projects with advanced technologies such as intelligent sensing, etc. propels the demand for professional services for its easy integration and deployment. The global professional services market is expected to rise at a CAGR of 21.25% during the forecast period.

Europe, to be the fastest growing region

The primary applications of Smart water management market in Europe are in the construction industry. It is used as a pivotal resource for infrastructure establishment in agriculture where it is used for irrigation, maintenance of sewage and drainage system and available for clean and fresh water for drinking and sanitation considering the population of the region which is further fueling the growth of the smart water management market in the Europe region. Europe smart water management market continues to escalate in terms of revenue which is expected to reach up to $16315 million by 2026. Germany dominated the smart water management market in Europe with revenue of $703 million in 2016. France smart water management market is expected to have the highest CAGR of 21.41% during the forecasted period.

Key Players in the Global IVF market

The Key Players in the global smart water management market are Xylem Inc., Itron, Honeywell Inc., Arad Ltd., and Siemens Ag. Top five companies in global smart water management market held 43% share in 2016. The companies in the market manufacture device, provide solutions and services. Xylem Inc. holds the largest market share of around 14% followed by Itron11%, Honeywell Inc. With 7% and Arad Ltd with 5% in 2016. Companies are looking forward to the development of new products and acquisition and collaboration with other companies to sustain in the dynamic market.

Acquisition (Jan 06, 2016): Honeywell completed the acquisition of Elster division of Meltose industries Plc. Elster was world's largest electricity, gas and water measurement and control providers. Through this acquisition, Honeywell expanded its smart water solutions in more than 130 countries across the globe. 

Expansion (04 October 2017): Honeywell decided to expand its smart water solutions in Netherland and deliver 350 million cubic metres of water annually. This expansion enhances momentous value for utility customers by developing customer service, improving revenue generation, empowering consumers and supporting effective water resource management.

Read the entire report by Inkwood Research and get free sample @ https://www.inkwoodresearch.com/reports/smart-water-management-market/ 

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Calcium Chloride Market to Witness a Boom Due to Increasing Demand From Various End-user Industries

Calcium Chloride Market to Witness a Boom Due to Increasing Demand From Various End-user Industries

By Inkwood Research   February 11, 2018   No comments:

Calcium Chloride is an inorganic compound. It is a salt which is used to replenish calcium levels and which acts as an effective antidote for magnesium poisoning. CaCl_{2 is} an ionic halide of chlorine and calcium that is solid at room temperature.

Increasing demand for shale gas is influencing the market growth

Recently, the shale revolution has led to a high production of oil and natural gas in the US. Calcium chloride is used in completion fluids, drilling muds and in cementing operations in the oil and gas industry. Technological advancements, such as a combination of horizontal drilling and hydraulic fracturing, coupled with the high oil and gas prices have enabled manufacturing of plentiful oil and gas in the U.S. Moreover, calcium chloride plays a very important role in maintaining the oil and gas wells. It improves the consistency of oil well fluids, reduces concrete setting time, lubricates and cools drill bits, and suppress dust on work sites.

High consumption of calcium chloride can cause health related problems

With the use of calcium chloride in agriculture sector, food industry, pharmaceutical industry and dust control industry, the consumption of calcium chloride in the human body is evident. A high intake of calcium chloride causes health-related problems such as shortness of breath, hypercalcaemia and so on. Ingestion of high levels of calcium chloride through fruits, vegetables or other food products such as pickles, may result in abdominal pain and vomiting. These health hazards associated with the compound could possibly affect the growth of the overall calcium chloride market.

APAC is witnessing a robust growth over the forecast period

The construction sector primarily drives the Asia-Pacific Calcium Chloride market. Countries like Japan and China are expected to be the primary consumers of calcium chloride in the Asia Pacific market. The Economic Transformation Program (ETP) 2011-20, has accelerated the infrastructure development and construction activity across Malaysia. Such initiatives are majorly contributing to the expansion of the calcium chloride market.

According to Inkwood research, “The revenue generated by the Global calcium chloride market is expected to reach around $1697 million by 2025”, due to increasing demand from various end-user industries. Both de-icing and dust control held the largest share of calcium chloride market by application in 2016. The market for calcium chloride is highly consolidated, with top five companies accounting for more than 80% of the total market share in 2016. Some of the renowned calcium chloride manufacturers across the globe are Solvay SA., Tangshan Sanyou Chemicals Industries Co Ltd., Tetra Chemicals., Tiger Calcium Ltd., Peter Chemical Company and Occidental Chemical Corporation (acquired by DOW Chemicals Ltd).

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Biomarkers Can Be Used to Diagnose Disease Associated With Central Nervous System

Biomarkers Can Be Used to Diagnose Disease Associated With Central Nervous System

By Clive Cooper   February 07, 2018   No comments:

Central nervous system disorders represent a growing socio-economic burden at the global level, not only in terms of a number of patients but also in terms of high cost to healthcare systems. Biomarkers are quantifiable and measurable signs that can be used to monitor, diagnose and predict treatment response. They play an important role diagnostics and drug R&D. They are vital gears for developing more effective treatments, improving the quality of patient care and understanding disease mechanism. The detection of biomarkers for CNS disorders has expanded considerable interest within the industry due to the many unmet needs in current treatments and diagnostics. 

The Global Central Nervous System (CNS) biomarker market is anticipated to grow from $ 3587 million in 2016 to $8756 million by 2025, at a CAGR of 10.49% between 2016 and 2025. The key concern that is majorly been faced by the developed as well as developing regions is the growing number of patients suffering from chronic diseases. Increase in a number of patients suffering from brain tumour has become one the major problems faced by the government of numerous countries. According to American Brain Tumor Association, around 78,000 individuals suffering from primary brain tumours are anticipated to be diagnosed in 2016.

In modern-day environment and availability of low priced high-calorie food is leading to gain of weight among people which are thereby causing diseases like diabetes and problems of blood pressure. Obesity is a rising health concern. According to WHO- World Health Organization, about more than 1.4 billion of adults are overweight over the globe and the prevalence is rising in the developing regions like Brazil and this prevalent is estimated to get worse.

The significant growth in the healthcare expenditure across geographies is been considered as the vital factor while allocating the market share across the regions. In 2015, around 16.7% of the GDP is projected to be spent as healthcare expenditure across the globe.  Amongst it, CNS biomarkers is expected to account for a significant share in the healthcare expenditure owing to increasing prevalence of chronic diseases like cancer, Alzheimer etc. By 2025, about 19.3 million new cases of cancer are projected to be diagnosed at the global level.

Global Biomarkers market is largely fragmented. The market is filled with a huge number of companies, each of which is getting into specialized into a biomarker for specific purposes, such as CNS biomarker. Some of the top companies involved in CNS biomarker are Thermo Fisher, EKF diagnostic, Enzo Biochem and proteome sciences, out of these Thermo fishers holds a comparatively high share with respect to others as it has its global presence in each of the regions and has the high revenue for CNS biomarker (estimated).

Academic researchers, government agencies and pharmaceutical companies conduct numerous programs for the collection of clinical data. Hence, the development of a regulatory framework for sharing of the data with the authorities responsible for drugs development can help in overcoming the specified challenge. Application of biomarkers in personalized medicine is expected to be a game changer, owing to the rising need to develop treatments for the unique genes of patients. It is being projected that the patients suffering from chronic diseases such as cancers and tumours will slowly but assuredly adopt these medicines in the coming years which in turn will boost the CNS biomarkers market.

Read the full Report on "Global Central Nervous System (CNS) biomarker market "Global Central Nervous System (CNS) biomarker market" by Inkwood Research.

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Global Kombucha Market Growing at a CAGR 25.28% During the Forecast Period of 2017-2025

Global Kombucha Market Growing at a CAGR 25.28% During the Forecast Period of 2017-2025

By Inkwood Research   February 06, 2018   No comments:

Kombucha is a beverage that is made from the combination of sugar, tea, and living culture.The living culture refers to SCOBY (symbiotic culture of bacteria and yeast). The origin of Kombucha dates back to around 220 B.C and is believed to be originated from Northeast China where it was regarded as “The Tea of Immortality” Or Elixir of Life”.  

The growth in the global Kombucha market is being propelled by growing health consciousness around the globe. Over the forecast years of 2017-2025, the market is expected to accelerate by 25.28% CAGR. According to the consumer demographics for the global Kombucha market, females are the primary end-users.

The key factor driving the growth of global Kombucha market is the changing lifestyle of individuals. Nowadays the young populations across the globe are adopting unhealthy lifestyle choices which include overconsumption of drugs and alcohol, inadequate relief of chronic stress, smoking, lack of physical activity etc.  These unhealthy lifestyle practices have led to the increasing prevalence of serious health issues such as hypertension, type 2 diabetes mellitus, obesity, cardiovascular diseases etc. Moreover, the doctors and physicians recommend the patients to adopt healthy lifestyle in order to prevent the risks of such health disorders. According to American College of Cardiology, 75% of the heart diseases such as high blood pressure, high cholesterol levels etc. are caused due to an unhealthy lifestyle. Furthermore, young women between the ages of 27 to 44 are more prone to heart diseases due to unhealthy lifestyle practices. Therefore, there is increased adoption of Kombucha beverage products as it is an affordable and simple probiotic health drink which helps to balance the body and get rid of the daily stresses of life.  

The consumers of kombucha do not need to take any health supplements such as capsules and tonics which generally have side effects. It has been claimed that kombucha has several health benefits. It helps in the prevention of serious health disorders such as cardiovascular diseases, cancer, AIDS etc. According to European Heart Network, in Europe, every year more than approximately 85 million people suffer from cardiovascular diseases and about 49 million people suffered from cardiovascular diseases in 2015.  It also helps in weight loss, controls the level of cholesterol in the blood, blood sugar control etc. It also reduces the risk of breast, colon and prostate cancers. Therefore changing the lifestyle of individuals have led to the increasing adoption of kombucha thereby driving the growth of global kombucha market.

Market Insights

The global kombucha market is segmented on the basis of flavour, types, distribution channel, and consumer demographics. The different flavours in which the Kombucha drink is available include apple, coconut, mango, citrus, berries, herbs and spices, flowers, and others. The market segment by type is sub-divided into bacteria, yeasts, etc. The different distribution channels involved in these markets are convenience stores, hypermarkets and supermarkets, food and drinks speciality stores and others while the consumer demographics are segmented into male and female.

To learn more about this report, request a free sample copy

Regional Insights

The geographical segmentation for the global kombucha market is done in Europe, Asia-Pacific, North America and rest of world. The Asia-Pacific market is fast evolving on account of the increased alcoholic beverage consumption in the region. However, it is the North American market that is expected to dominate the global market by the end of 2025.The region houses world-renowned market companies that manufacture Kombucha. Also, the level of disposable income for the population in this region is quite high as compared to other regional markets.

Competitive Insights

Some of the leading companies in the global Kombucha market include Cell - Nique Corporation, Buchi Kombucha, GT's Kombucha, Kevita, Inc. (Acquired By Pepsico), Hain Celestial Group, Kombucha Wonder Drink, Live Soda Kombucha (U.S.), Kosmic Kombucha, Makana Beverages Inc., Red Bull Gmbh, Nesalla Kombucha, Reed’s Inc, Townshend's Tea, The Humm Kombucha Llc, and Unity Vibration.

Related Report

NORTH AMERICA KOMBUCHA MARKET FORECAST 2017-2025

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ASIA PACIFIC KOMBUCHA MARKET FORECAST 2017-2025

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Rise in Global Demand for Food Grain is Uplifting the Agricultural Micronutrient Market

Rise in Global Demand for Food Grain is Uplifting the Agricultural Micronutrient Market

By Clive Cooper   January 30, 2018   6 comments:

Agriculture is the central aspect of a countries economy; it is the cultivation of land for food and other needs. Considering the current size of the human population, agriculture is essential. Without the crucial production of biomass that uses farming based systems, there would simply not be enough to eat. Sustainable development of global food supplies affect the unfolding of globalization and the survival of the species, so care must be taken to ensure that agricultural methods remain in synchronization with the environment.

Agriculture and Micronutrients go hand in hand to increase the crop cultivation we use micronutrients. Micronutrients, therefore, are an essential part of the farming. Micronutrients are one of the critical elements required for the growth of plants and crops. With the continuous use of micronutrients, we can obtain better quality and yield for agricultural products.There are 16 primary plant nutrients in total, out of which, seven are designated as micronutrients. These include chloride (Cl), boron (B), copper (Cu), iron (Fe), manganese (Mn), molybdenum (Mo), and zinc (Zn).

Agricultural micronutrients market is valued at $5.38 billion in 2016, and it is anticipated to reach $11.15 billion by 2025 growing at a CAGR of 8.40% during the forecast period 2017-2025. Increasing soil deficiency, depleting oil reserves, increasing demand for biofuels, growing population worldwide and soil erosion across the regions, shift in consumer preference towards a nutrient-rich diet and expanding government initiatives to promote agricultural activities are accelerating the growth of the agricultural micronutrient market.

The global agriculture micronutrients market is segmented by type, crop type and by the application. Cereals and grains contributed the highest market share of 49.26% in 2016. It was followed by the oilseeds and pulses segment with a share of 23.23%.Pulses are important sources of proteins and essential amino acids. Growing population and the rise in per capita calorie intake in these countries is fostering the demand for pulses, consequently increasing the acreage for these crops. Consumption of oilseeds for the production of biofuels is also being encouraged in the US and Brazil

Major players in agricultural micronutrient market in the report include Agrium, Akzo Nobel, Yara international, Mosaic, FMC, BASF and Bayer CropScience. The competition among the international and regional vendors is tough. Alteration among these vendors exists in terms of technology, quality, and pricing. International vendors are currently dominating the market.BASF is a prominent player in the Agricultural micronutrient market, BASF develops innovative solutions for farming, pest control and landscape management. BASF has signed an agreement to acquire significant parts of Bayer’s seed and non-selective herbicide businesses. Bayer intends to divest these assets in the context of its planned acquisition of Monsanto. The all-cash purchase price is €5.9 billion, subject to certain adjustments at closing.

In 2016, Asia Pacific (APAC) dominated the overall agricultural micronutrient market, accounting for 52.66% of the total revenue generated in the global market, followed by North America with 20.43%.

The primary occupation of the people in the APAC region is agriculture. The growth in agricultural practices and rise in demand of agrarian product are anticipated to drive the micronutrients market. Zinc deficiency is extensively prevalent in the soil in APAC region, and the awareness and knowledge of the micronutrients are at a very niche level in these countries.

The above illustration is made by Inkwood Research- Global Agricultural Micronutrient Market Forecast

The global demand for food grain has increased gradually, and the consumption (per capita) in 2016 was 330–350 kilograms. The global food grain production in 2015 was approximately 2.8 billion metric tons in comparison to 2.5 billion metric tons in 2014. This estimate includes overall consumption of food grains by humans, livestock, and producers of biofuels. Governments of various countries, including India, China, Indonesia, and others are implementing new policies to meet food security concerns and increase food productivity. The rise in demand for food will require more arable land which can be attained through the use of micronutrients. 

The market is expected to grow further during the forecast period, increasing the use of agricultural micronutrients such as zinc, manganese, and molybdenum to enhance the land fertility.It’s exceedingly beneficial to have a complete nutrient plan in place to ensure that growers are getting the best return on their investment and utilizing the most effective application and use of nutrients throughout their plants’ growth cycle to get the best yield from the crop.

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Top 5 Factors That Lead the Geospatial Image Analytics Market

Top 5 Factors That Lead the Geospatial Image Analytics Market

By Inkwood Research   January 30, 2018   7 comments:

Earth observation satellites, Unmanned Aerial Vehicles (UAVs) and airborne sensors are today incessantly feeding to the repository of Earth’s images. The demand for this unprecedented data supply has been of increasing interest to a number of industries, who then use analytical tools to infer about the patterns, trends and anomalies about the earth’s environment and other events. Geospatial imagery analytics includes the analysis of modules, below and above the earth’s surface, gives more precise results than 2D and 3D analysis, and thus supports both the public and the private sectors to make informed decisions, risk assessment, disaster management, urban planning etc. It has hence been one of the most promising markets in recent times and is poised to grow strongly over the next few years.  

Both imagery and video analytics have contributed to the growth of the marketability of Geospatial Image Analytics, with video analytics segment poised to have a greater growth potential due to the rising demand for drone video surveillance across industries. The UAVs are the fastest growing among the various collecting mediums due to their cost-effectiveness over other mechanisms. All said and done, some of the key factors leading the exponential growth of the Geospatial Image Analytics market are:

·         Technological Developments: The increasing use of data from various geospatial technologies like GPS (Global Positioning System), GIS (geographical information system), RS (Remote Sensing) etc. have been one of the primary factors that has led to the phenomenal growth of the geospatial image analytics market. This, coupled with increasing advancements in Artificial Intelligence and Big Data has increasingly helped market players combine principles from diverse fields of machine learning and computer vision to stay competitive and make sustainable profits. 

·         Increasing Penetration of GIS Technology: The increasing use of geographical information system technology in the service industry, the growing usage of location data and the high demand for open, interoperable solutions is probably the key factor that has boosted the geospatial imagery analytics market. GIS data is now an integral for many industries, and firms today need to analyze the humungous data generated from GIS collectors using analytics, thus laying down a strong foundation for the geospatial image analytics market to grow at rapid pace.

·         Actionable insights: Unearthing accurate high-level abstractions, and geospatial imagery analytics solutions provide actionable insights to various businesses. Rising awareness among business houses regarding this particular advantage of geospatial imagery analytics is helping them in formulating effective strategies for growth and expansion. Established firms are expected to continue using this information to sustainably maintain and grow their market share. On the other hand, the newer ones are using it to increase their value propositions, yet again a key driver that will lead to strong growth in the market.

·         Increasing Safety and Security needs: The increasing need for video surveillance systems (for diverse reasons like pattern recognition, perimeter detection, incident detection, and crowd management among others) has become more basic than ever (and are set to grow in the coming years) is another crucial factor that will drive the geospatial imagery analytics market.

The above illustration is made by Inkwood Research- Global Geospatial Imagery Analytics Market.

·         Rise in use of data analysis: Geospatial analytics solutions are being increasingly used both by governments and private sector organizations for umpteen functions such as surveying, disaster risk reduction, monitoring climate change, medicine and public safety. And the list is not exhaustive. Data Analysis helps the decision makers in drawing insights out of the sea that lies out there. Geospatial imagery captures the requisite data, which is then appropriately processed by data analysts and applied in appropriate filters and then conceptualize the sorted data to draw meaningful insights using data modelling, predictions and trend analysis.

Taking advantage of the market opportunities, key players are using geospatial imagery analytics tools to penetrate the market further and tap emerging economies. The market is booming, and hence firms will continue to focus on innovations, which will, in turn, lead to a lot of mergers and acquisitions, partnerships and collaborations in coming years.

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Collaborative Robots Market Growing With an Ability to Provide High Investment Returns

Collaborative Robots Market Growing With an Ability to Provide High Investment Returns

By Clive Cooper   January 29, 2018   7 comments:

Growing demand for automation in worldwide industries is increasing the demand for robotics. According to the international federation of robotics, the average annual supply of industrial robotics rose to 183,000 units. This shows a 59% rise in the industrial robot’s demand between “2010-2015”. By the year 2019, around 1.4 million new industrial robots are expected to be installed in factories, globally.

According to a recent report published by Inkwood Research, the “Global collaborative robots market" was valued at $263 million in 2016 and is estimated to generate net revenue of approximately $9.27 billion by 2025, growing at a CAGR of 49.14% over the forecast period of 2017-2025.”

The rising production of automobile across the globe leads to a high demand for cobots in this sector. Cobots are mostly used in the production and assembly line of vehicles manufacturing for machine tending, painting/coating of cars, etc. Collaborative robots are used in the production line of the automotive industry to enhance the productivity and efficiency. For example, the Great Wall Motors (GWM), a Chinese automotive plant has integrated 27 ABB robots to work at 30 different workstations wherein a collaboration happens between welding robots and handling robots.

Collaborative robots market is also growing with its ability to provide high investment returns. Collaborative robots are designed to work safely with humans. Collaborative technology in robots has a large number of applications. Companies have to invest in collaborative robots, human training, and support as these robots work next to their human counterpart. However, cobots provide a return on investment (ROI) in less than 1 year. Collaborative robots are increasing efficiency in production and helping to reduce the labour costs. They have also proved to be beneficial in implementing the exciting and cutting-edge technology. According to Robotics Organisation, after the redeployment of collaborative robotics, the company can get about 30% cost-back.

Asia-Pacific collaborative robots market is mainly driven by the contribution of countries such as China, Japan, India, Australia and Rest of the Asia-Pacific, which primarily includes Singapore and Malaysia. The impressive accuracy of collaborative robots to perform the assigned task within the stipulated time and with the same efficiency, level increases their demand and deployment across industries. Collaborative robots in the Asia-Pacific region are deployed in the automobile manufacturing industries, for picking and appropriately placing the objects on a moving conveyor belt in the fast-moving consumer goods (FMCG) products manufacturing industries, etc.

The threat of new entrant in the global collaborative robot market is expected to shift from Moderate to High over the forecast period of 2017-2025. The significant players in the Collaborative Robot market are ABB Ltd., Bosch Ltd, Fanuc Corporation, Yaskawa Ltd., and Kawasaki Engineering Ltd. These companies have extensively captured a large size of market share that influences the new entrants in Collaborative robot market.

Global Collaborative Robots Market

Key Takeaways

• The Asia Pacific and Europe are the most lucrative markets for global collaborative robots market. Together, these two regions accounted for 56.57% of the total market revenue in 2016.
• The threat of new entrant in the global collaborative robot market is expected to shift from Moderate to High over the forecast period of 2017-2025.
• Bargaining power of the supplier for the global Collaborative robot market is expected to shift from Moderate in 2016 to low in 2025 over the forecast period of 2017-2025.
• Material handling, machine tending, and packaging are essential applications to invest in global collaborative robots market. Material handling accounted for 17.43% market share in 2016.

For further such insights and detailed explanations, please buy the report published by Inkwood Research on “Global Collaborative Robot Market ”

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Male Grooming Products – Riding High on Success

Male Grooming Products – Riding High on Success

By Clive Cooper   January 29, 2018   4 comments:

There has been a significant shift in male grooming lifestyle during the last decade. A few years back, men’s toiletries consisted mainly of deodorants, shampoos and shaving creams. But now, from New York to Sao Paolo to Mumbai, bathroom cabinets of many middle-income homes brim with skincare, body care, fragrance, sun care, hair care products, all specifically customized for men. This massive change has transformed the whole beauty and personal care industry, and the high growth of this market has attracted almost all the leading consumer goods companies to venture into the segment & capture the male customer base. The high growth has also helped quite a number of male grooming start-ups, tapping in unmet needs and the growing trends in the domain.

The growth of the male cosmetics and grooming market is primarily due to the growing urban middle-class population with rising per capita disposable incomes, growing media exposures and the increasing willingness of men to adopt a grooming regimen. Rising influence and promotional activities featuring male icons have also been greatly instrumental in providing the necessary push for the change. In addition, the very paces of development of new technologies and product innovations have presented the biggest opportunities for marketers to ride on this raging market.

The massive male grooming beauty products have found acceptance across the world. While Western Europe remains the largest market for male grooming products as of now, followed by Latin America and North America, Asia Pacific has been the top growth market and is growing at double-digit rates. The growth has been achieved primarily through brick & mortar outlets (grocery retailers, beauty, and health specialist retailers), and online e-commerce players are rising in the segment. Many retailers and department stores have already designed stores to match the shopping needs of men in this segment, starting from Kiehl’s, Macy’s & Nordstrom. A premium male grooming chain store, The Art of Shaving, has started delivering a unique grooming experience in selected outlets. In 2016, L’Oréal and Philips came together to launch a pop-up barbershop at Changi Airport, marketing their product lines in a bid to reach out to the growing male customer base.

Global Male Grooming Product Market

Male grooming products are now available under a number of product categories - facial cleansers, bronzers, moisturizers, anti-agers, eye serums, concealers, and even mud masks. A number of major brands have already developed their own product ranges for men. Some of the prominent ones are Axe, Ego and Lynx - Unilex company, Biotherm Homme and Kiehl’s - L’Oreal, Clinique for men – Clinique, Gilette - Procter & Gamble, Neutrogena men - Johnson& Johnson, and Nivea Men – Beiersdorf. There have been many startups in the space as well. Some of the more prominent are The Dollar shave club (which offers monthly subscription services and delivers high-quality shaving products); The Man Company (which offers all grooming essentials from shaving products to grooming oils) and Bevel ( which offers in-depth grooming products for all skin & hair types).

In a nutshell, the male grooming market is riding on a high, and in the coming years, it is growing to become a market to look out for. Technology, innovation, and R&D are the principal drivers that will run the male grooming market and will see some really high performing new products that will add more varied variety and option in male grooming.

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Digital Mobile Payments Are Clearly the Wave of the Future, but There's More to It

Digital Mobile Payments Are Clearly the Wave of the Future, but There's More to It

By Clive Cooper   January 29, 2018   4 comments:

While traditional payment systems like cash, debit and credit cards, are still very much in vogue; the most recent trend among customers is mobile payment. Mobile payment primarily referred to the payment services which are performed on mobile devices which are operated under financial regulations across the globe. Most mobile payment methods address a domestic economy or have been developed explicitly for electronic commerce websites.

Each mobile payment method has its unique application and settlement process, language and currency support, and is subject to domestic rules and regulations. The growing concern for digitalization, transparency, monitoring the financial transaction across the globe is rising the concerns for the mobile payment around the world. Most mobile payment apps offer customers practical, pay-as-you-go plans. This requires customers to wage a flat part of the over-all expenses as a processing fee. Many of these apps also allow the customer to keep track of their payment.

Global mobile payment market is growing at a CAGR of 23.26% during the forecast period, which is expected to reach $4368 billion by the end of 2025 from $600 billion in 2016. The growth in the global mobile payment wallet market is mainly driven by the rising smartphone users across the globe. Moreover, the growing technological development, ease of use growing e-commerce industry is creating a huge growth opportunity for the global market. The increasing adoption of smartphone results into increasing adoption of mobile payment services.

A global giant such as Google and Apple entered the global mobile payment market and created massive scope for it. Global big players such as PayPal, master card, level up, brain tree and MCX are already into the mobile payment market and have been doing significant business. PayPal has 117 million active users, and it is operated in more than 200 countries. It is globally used for online money transfer for various online retail shopping and other transfers. Globally the adoption of mobile payment is increasing significantly and expected to grow further in future. The key players in mobile payment market enable the customer for online money transfer for various online retail shopping and other transfers. Mobile payment services are cost-effective and it allows the customer to get safety and security other than monetary benefits, for example, there are significant offers of cash back on various cash transactions.

Progress in mobile technology has transformed it from a simple communication tool to a personal computing device. Currently, mobiles can be used for almost everything from taking photographs to bill payments, from shopping to studies. Mobile phones have improved significantly in size and battery life. This versatility makes mobile a necessary device to use. Mobile devices are now equipped with dedicated payment systems such as Near Field Communication(NFC) which make mobile phones a Digital Wallet.E-commerce sales are strong as web sales totaled $341.7 billion in 2015, a 14.6% increase as compared to $298.3 billion in 2014. Significant growth in e-commerce through online businesses such as online retail shopping, recharges, money transfer, and gas refill and so on is giving rise to mobile payment.

Security threats are considered to be the biggest concern for any mobile payment services. There are various mobile applications available in the market out of which mobile payments are deemed to be vulnerable to security threats. Security is of paramount importance when it comes to money transfer or any online transaction. Security is one of the core foundations of any successful payment system

Lack of security with the fact that mobile devices are being targeted by cybercriminals makes the customer paranoid about mobile payment services. Mobile payments systems are prone to the attacks of spyware and malware which produce the threat of information stealing via identity theft and commercial theft

Globally, the significant players such as Google, PayPal, M-Pesa, and Alipay are among the key players in mobile payment market. These players offer various apps and devices that enable the small merchants and business to transfer money or cash transactions with digital receipts. These products would finally push near-field communication (NFC) and payment technology to the forefront of retail. 

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Cannabis Market a Growing Industry Within the Legal Boundaries

Cannabis Market a Growing Industry Within the Legal Boundaries

By Clive Cooper   January 29, 2018   No comments:

Cannabis is a psychoactive drug intended for medicinal and recreational use, cannabis consist of tetrahydrocannabinol (THC) which causes the sensation of euphoria, change in perception and increase in appetite. Cannabis cultivators use pesticides, fungicides, insecticides that poses a high risk to the environment as well as humans that calls for a testing procedure that equips the consumer with knowledge about the harmful substances in Cannabis and its unwanted effects. This lead to the inception of cannabis testing for cannabis and cannabis products.

The cannabis testing market has been anticipated to rise with a CAGR of 11.40% during the forecast period 2017-2025. The market has been valued at $809 million for the year 2016 and is estimated to generate a revenue of about $2112 million by the year 2025. Legalization on the utilization of cannabis in medicine is one of the key factors driving the growth in the global cannabis testing market. The cannabis testing is also done to detect the presence of heavy metals, impurities, residual solvents, pesticides or chemicals to assure the safety of cannabis for medicinal use. The scope of the global cannabis testing market includes type, product & software and end-user. The end users mainly test the cannabis plants specifically for cannabinoids which helps them to evaluate the strength of cannabis and also the effect of cannabis on medical users.

Cannabis testing market in North America is set to touch $459 million in the year 2016 which is anticipated to reach $2112 million and to grow at CAGR of 11.40% from 2017 to 2025. The growth of cannabis market in North America is mainly driven by the countries such as the Canada and United States due to the existence of many multinational organizations such as Restec Corporation and Thermo Fisher scientific headquartered and operating in the region. The North American cannabis testing market is keenly driven by the factors which include increasing legalization of cannabis considering medical utility, enhancing awareness of medical cannabis, the constant establishment of cannabis testing laboratories such as Cannasafe analytics and Quality compliance laboratories mainly in the countries such as the United States and Canada.

Shimadzu corp., Waters corp., Thermo Fischer scientific, Steep hill talent laboratories Inc. and Agilent technologies are some of the major players in global cannabis testing market. Merger & Acquisitions, partnership, joint venture, product launch and collaboration are some of the key strategies adopted by companies in global cannabis testing market to stay relevant within the market.

Drivers of Global Cannabis Testing Market-

Acknowledgement of marijuana for medical and therapeutic use by the medical fraternity-While other people choose to see marijuana as one of the most controversial drugs, the medical fraternity has a divergent view. The effect of cannabis treatment is very helpful for patients suffering from anorexia. It is even more useful people who suffer from HIV/AIDS. They get the appetite to eat more types of food giving them a balanced diet and a healthy body. People with severe nausea also find it hard to swallow; They would find medical marijuana very useful. Other groups who would see this aspect of medical marijuana useful include: cachexia, and patients undergoing radiation therapy or chemotherapy treatments for cancer.

The above illustration is made by Inkwood Research- Global Cannabis Testing Market

Rise in the number of testing facilities - The increasing demand for advancing technologies, cannabis-based medicinal drugs and increase in the production of cannabis drugs in agreement with the government standards has led to the expansion of cannabis testing laboratories.

Increasing legalization of the cannabis use for medicine and research- The cannabis-based medicines are not thoroughly tested due to the stringent government regulations and other production restrictions such as standards related to amount of lead level to be present in cannabis medicine. The legalization of cannabis-based medicines or drugs containing Tetrahydrocannabinol (THC) in many countries such as Austria, Chile, Canada, Belgium, Israel etc., have led to the increase in the need for testing the cannabis.

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