The First Smartphone Game by Nintendo is Launching in the U.S. This Week

After a resounding success in Japan, Nintendo is about to release its first smartphone-based game in the United States and will likely expand its reach to other regions too. Although it is broadly being referred to as a “game,” the new product, “Miitomo,” is akin to a social network that’s based on Mii figures, which have shaped Nintendo’s identity in the past few years. Mii figures, which have a round head and cartoonish avatar, can be created by players.

Now, Nintendo has taken the Mii figures to the next level as users will be able to use these cartoonish avatars to communicate and socialize with others on the same network. They can do so via sharable photos, chats, and quizzes – customizing their Miis according to their will even as they socialize. In a bid to further monetize the new product, Nintendo will allow users to buy accessories and outfits for their avatars. An interlinking feature with Twitter and Facebook has been enabled, too, so that users can populate their friends list easily and quickly. In the United States, the app will first be rolled out on the iOS and Android stores.

Miitomo has seen much success in Japan, where it got a million users within merely three days of its launch. Not surprisingly, the app made a memorable debut by coming in second in Apple’s App Store’s Japanese version.

The app is not exactly what Nintendo fans had visualized when they first heard that the company would begin making games for smartphones, expanding its console-based business. However, the product that eventually came from Nintendo’s stables did show that company wants to build a wider mobile strategy and not place all of its bets on a mere game. It’s a smart move in that it goes beyond simply taking its existing games catalog and converting them to be compatible with modern devices.

The company is also launching something known as My Nintendo, a rewards program that will encourage people to use more products and services from Nintendo.

Global Geothermal Energy Market to Exhibit 23.58% CAGR during 2013-2019 Owing to Approval of New National Plants

With the surging demand for renewable energy, the global geothermal energy market is witnessing an impressive growth. The market is anticipated to take a leap at a CAGR of 23.58% between the period 2013 and 2019. Regulatory support, cost competitive tariffs, excellent scalability, and high capacity utilization have propelled the growth of the global geothermal energy market. Introduction of new technologies such as binary cycle technology to harness the geothermal energy economically will further drive the demand for the market. The overall market was worth US$2.5 bn in 2013 and is estimated to be valued at US$8.9 bn by 2019.

Research Report: http://www.transparencymarketresearch.com/geothermal-energy-market.html

Countries Focus on Development of Geothermal Power Plants to Meet Energy Demand

Among the key regions in the global geothermal energy market, Asia Pacific dominates the market in terms of installed capacity. As the region has several unexplored geothermal sites, it holds an immense potential for the growth of the overall geothermal energy market. In Europe, countries such as Iceland and Italy have been obtaining a major part of their power requirement from geothermal resources. Hence, the market is estimated to be stagnant in this region. 
 

• Two New Power Plants Coming Up in Kenya: Though geothermal energy can be found across in the world, it is economically viable particularly in those regions where the earth’s crust is very thin and the steam comes out easily. Kenya is one such country where the earth’s crust is thin, thereby leading to easy access to hot rocks below. In Olkaria, two new geothermal energy production units had been installed last year. This has increased the country’s production of geothermal energy to 609 MW. Kenya is the world’s eighth-largest geothermal producer. With a number of potential geothermal sites scattered across the Rift Valley, the country has a potential to produce 10,000 MW of geothermal energy.
• California Approves Development of New Geothermal Plant in Salton Sea: In California, the renewable energy portfolio has a standard requirement that 50% of all energy procured by utilities must be derived from renewable energy sources by the end of 2030. Accordingly, the development of a new geothermal power plant in the Salton Sea in Southern California has been approved by the Imperial Irrigation District this month. The Imperial Irrigation District is the third-largest public power provider in the country. Once developed, the new geothermal production unit is anticipated to produce up to 250 MW of renewable energy. In the future, the production capacity of this unit is expected to reach 375 MW. The power plant is expected to be fully operational by 2020.

Even though the installation of a geothermal plant is capital intensive, the demand for geothermal energy will increase, as a number of countries are expected to approve projects to harness the energy in the near future.

Research Press Release: http://www.transparencymarketresearch.com/pressrelease/geothermal-energy-industry.htm

An Overview of Global Beer Market from a Regional Perspective

Consumption of beer can be traced back to over six thousand years. From being an inseparable part of the ancient Egyptian civilization to becoming a highly popular commonplace drink, consumed by all social classes in several countries, beer has come a long way. The global market for beer is projected to exhibit steady growth over the coming few years, thanks to the rising consumption and popularity of the drink in some of the major regional markets.

A brief overview of some of the major drivers of the beer market in key regional markets is as follows:

Post-depression Financial Recovery in Europe

Europe is home to several local breweries apart from major manufacturers of beer. The market for beer in Europe, beer being one of the most popular alcoholic beverages in the region, is well established and has been exhibiting steady growth over the past years. Factors such as rising disposable incomes post the recent economic depression in the region and the rising awareness about the health benefits of beer, which include prevention of kidney stones, lowering of cholesterol and curing insomnia when beer is consumed in stipulated amounts, are also boosting the market for beer in the region.

Introduction of Organic Beer in Middle East and Latin America

Middle East has always been a tough territory for all alcoholic beverage markets. Prohibitory rules  on the consumption of alcoholic beverages implemented by several established religious and government bodies are major restraints for the beer market in the Middle East. Egypt and UAE held a dominant share of over 40.62% in the Middle East beer market. The consumption of alcoholic beer is much less in most other Middle Eastern countries. Nevertheless, the introduction of organic beer and the rising awareness regarding health benefits of the drink will fuel demand from the market in the near future.

On the other hand, Latin America has no such restrictions and thus has a larger consumer base for beer. Suitable climatic conditions and the rising awareness regarding health benefits of beer are expected to further boost the demand for beer in Latin America in the next few years. 

Rising Disposable Incomes in Asia Pacific

The rising demand for beer in Asia Pacific can be primarily ascribed to strengthening economies and rising disposable incomes of working class consumers in the region. As more consumers are willing to spend on high-end alcoholic beverages either in restaurants or at home, the demand for beer in the region has seen significant rise in the past few years. The beer market in Asia Pacific has also observed significant rise in demand in the past few years owing to the rising number of malls, convenience stores, bars, restaurants, and liquor shops across the region.

Some of the major restraints hampering the beer market in Asia Pacific are the several government restrictions pertaining to alcohol content in a variety of beverages and complete ban on the sale of alcoholic beverages across several regions or during some occasions. These factors, however, will not excessively impede the market for beer in Asia Pacific and the market is projected to expand at a healthy 5.0% CAGR between 2014 and 2020.

Research Report: http://www.transparencymarketresearch.com/beer-market.html

MIT Scientists Achieve Breakthrough with Ultrathin and Superlight Solar Cells

Solar cells have breached a new frontier with scientists announcing that they’ve developed solar power cells that can comfortably perch on a soap bubble and not cause it to pop. This marks the creation of the thinnest and lightest solar power cells known to man. The breakthrough comes from scientists at the Massachusetts Institute of Technology (MIT).

The ultra-lightweight photovoltaic (PV) cells can be easily placed on the surface of everyday use items such as fabrics, glass, and paper, among other things. PV cells function by converting the light emitted by the sun into electricity.

The thickness of the average human hair is just about 100 microns but the lightweight solar cells beat that by a wide margin with their 1.3-micron thickness. The unbelievably thin PV cells are also extremely light in weight – weighing only about 0.01 lbs/square yard. According to a report on livescience.com, that makes them 20 times lighter than the average sheet of office paper.

How Efficient are the Lightest Solar Power Cells?

The team behind the development claims that the efficiency of the new super-thin and ultra-light solar power cells is nearly at par with conventional solar power cells made of materials such as glass. However, it’s not so common to see flexible cells perform as well as glass cells or other rigid cells. What that also means is that the new cells have an exceptionally good power-to-weight ratio – among the highest ever achieved in PV cells. This means that the solar cells can be used in applications where weight is most critical, such as in aircraft or space shuttles.

The new cells make use of DB – an organic compound – as the key light-absorbing material. The actual solar cells are placed in between parylene layers. The benefit of using parylene is that it’s transparent flexible, and widely available commercially. The fabrication of the sandwiched solar cells and their additional coatings is done in a vacuum chamber and doesn’t involve the use of solvents. Unlike conventional solar cells, these new solar cells don’t need to be exposed to high temperatures when being fabricated.

As eager as we might be to see these solar cells available on the commercial market, it will still be a few years before that happens. That’s because taking a lab-grown technology and bringing it to the market takes at least a decade.

Innovation Seen as Key to Survival in Automotive Catalytic Converter Market Globally

A catalytic converter is an emission controlling device that helps in removing major harmful compounds, including carbon monoxide, nitrogen oxide, and hydrocarbons, from the exhaust system of a vehicle. Carbon monoxide is formed by the combustion of gasoline, whereas nitrogen oxides are formed when the heat in the engine induces nitrogen to diffuse with oxygen. Hydrocarbons are the unused gasoline present in the automobiles. On the basis of material, the global automotive catalytic converter market can be categorized into: Rhodium, palladium, and platinum.

The job of a catalytic converter is to aid pollution removal by converting harmful gases into less toxic ones in a vehicle’s exhaust system. In view of their pollution-control function, catalytic converters are commonly used in the exhaust systems of cars, trucks, mining equipment, motorcycles, locomotives, forklifts, buses, generator sets, engine-fitted devices, and airplanes. They are also used in wood stoves so as to control emissions.

Product Innovation and Development to Benefit Players in Global Automotive Catalytic Converter Market

The growing demand for automotive catalytic converters across the globe has resulted in increased participation of players so as to gain a competitive advantage in the market. In the next few years, several players are expected to enter the market and create a position for themselves. Some of the leading players engaged in the global market for automotive catalytic converter are Tenneco Inc., Calsonic Kansei Corporation, Eberspaecher GmbH Holding & Co. KG, Magneti Marelli S.P.A., Clean Diesel Technologies, Inc., Faurecia SA, BASF Catalysts LLC, and Benteler International AG.

Product innovation is one of the crucial strategies implemented by the players to survive in the market. The major players in the global automotive catalytic converter market are making huge investments in research and development activities to enhance emissions control solutions in automobiles.

Technological Advancements to Augment Growth of Global Automotive Catalytic Converter Market

According to a research study by Transparency Market Research, in 2014, the global market for automotive catalytic converters was worth US$105.59 bn and is estimated to reach a value of US$172.8 bn by the end of 2021. The market is projected to exhibit a strong 7.30% CAGR between 2015 and 2021.

Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/automotive-catalytic-converter-market.htm

The increasing production of vehicles worldwide, technological advancements, and increasing stringent emissions norms are some of the major factors that are estimated to boost the demand for automotive catalytic converters in the next few years. In addition, the developing markets of the Middle East and Africa, Lain America, and Asia Pacific are further expected to augment the growth of the market. However, the high expenditure of research and development and the redundancy of catalytic converters in electric vehicles are acting as the restraining factors for the growth of the global market for automotive catalytic converters.

Facebook Messenger to Allow In-store Payments Soon? Latest Reports Say, Yes.

Facebook Messenger, as we know it today, is about to evolve into a multi-faceted app that not only allows you to chat with friends but also organize your day and make payments on the go. According to latest reports, Facebook is reportedly readying to roll out new features in its popular app that will allow users to make in-store payments via their mobiles. The clues, according to a report on The Information, were found in the Facebook Messenger app for iPhones, with options such as “pay directly in Messenger when you pick up the item” and “pay in person” being seen. All of these point toward the development of in-store purchasing options.

Facebook Messenger to Emerge as Peer-to-peer Payment Tool?

However, media reports stated that no comment from Facebook on the matter was available. The foundation for such payment features has already been laid in Facebook Messenger, which allows users to send money to friends via the messenger. However, the code for the iOS app indicates that big plans are in the offing for the expansion the app to also function as a full-fledged payment tool. Peer-to-peer payments are already all the rage and Facebook is evidently leaving no stone unturned on monetizing them early on.

However, Mark Zuckerberg had said as recently as January (during the company’s Q4 earnings call) that the company would not launch its own product for payments fulfillment. Zuckerberg said that “we don’t view ourselves as a payments business,” but also went on to add that they were willing to partner with other companies that did have such interests. This name dropping had market analysts wondering whether Facebook would eventually partner with Apple to facilitate transactions.

Other Features About to Make their Way into Facebook Messenger

Besides facilitating payments, Facebook Messenger also reportedly wants to help users plan their day and allow them to have ‘secret conversations’, says an Endgadget report based on information gained from the source code for the messenger app. Our guess at this point is that the ‘secret conversations’ feature would be similar to encrypted chats like those available on WhatsApp.  Likewise, the ‘organize your day’ feature could allow users to sync calendars and share selected items from a news feed with specific friends.

Modern Tech Lends Helping Hand to Global Compression Therapy Market Growth

Venous disease occurs when the valves in the veins of a patient’s legs start to weaken. Once the valves cross a certain threshold of strength loss, they cannot maintain the unidirectional flow of blood, causing it to flow backwards. At the same time, if only superficial veins are compromised, the internal ones have to work harder to compensate for them. This is a possibility in the case of people who suffer from severe varicose veins. After a certain duration of weakness in the external veins, they can no longer pump any blood. Blood is left in the veins and will not move even with walking. In most situations like these, compression therapy can help ease the pain and restore blood flow.

Advantages of Compression Therapy Boost its Adoption Worldwide

Compression therapy is one of the most simple and effortless methods of improving the rate of blood flow in a patient’s legs. What compression therapy essentially does is improve the strength of the veins in a patient’s legs through the application of external pressure. The pressure can be applied with the means of specialized pads, special compression boots, or even simple compression leggings or socks. These products then apply steady pressure on the external walls of the superficial veins, helping the valves regain control of the veins.

The global compression therapy market is advancing at a CAGR of 5.20% from 2015 to 2023. This market was valued at US$2.592 bn in 2015, and by the end of 2023, it will reach US$4.027 bn. This says a lot about the condition that thousands of people suffer from worldwide, because the drivers of the global compression therapy market are pointing to positive growth. These drivers include the growing geriatric demographics, the growing number of obese people, the increasing number of sports-related injuries, and the increase in the number of orthopedic surgeries across the world. These are all factors that promote a higher usage of compression therapy, which is considered to be the gold standard in the treatment of deep vein thrombosis, chronic venous insufficiency, and lymphedema.

Modern Tech for Compression Therapy

One of the more recently devised ways to give a patient compression therapy involves the use of advanced technology. For instance, a group of researchers in Compression Solutions, Oklahoma have consistently worked on improvements on Triple Pay VT and Triple Play Pro. Both are devices that are useful in monitoring the progression of vein-related issues. The devices can be critical in reducing the chances of blood clots after a surgery, especially in the elderly.

The global compression therapy market is still hindered by a few factors, including the lack of reimbursement options covering vascular disease therapy using compression products. This is still a relatively minor hindrance, as the market will keep growing due to a higher demand. There is also an increase in the number of lymphedema cases, further boosting the global compression therapy market.

Browse Research Press Release: 

http://www.transparencymarketresearch.com/pressrelease/global-compression-therapy-market.htm

Global High Potency Active Pharmaceutical Ingredients (HPAPIs) Market to Gain from Increasing Approvals for Monoclonal Antibodies

High potency active pharmaceutical ingredients (HPAPIs) are immensely effective pharmacologically active ingredients. They offer significant efficiency and need a low daily therapeutic dose due to their highly selective mode of action owing to their ability of inhibiting specific enzymes or binding specific receptors. HPAPI is at present amongst the most swiftly developing segments within the pharmaceutical industry, exhibiting an immensely high growth rate. This high growth rate is due to its application within the formulation of highly potent drugs and its ability of targeting precise disease cells.

The key growth trends reported by the market for HPAPIs are:

• HPAPIs to Emerge as Critical Components in Product Portfolios: HPAPI is a key niche segment and owing to its target release characteristics it is being used in target therapies for hormonal replacements and cancer, both high revenue segments within the industry. Furthermore, the extended application of high potency active pharmaceutical ingredients in musculoskeletal drugs, cardiovascular, and central nervous system has also led to their increasing demand. 

Since the last decade, there has been an exponential rise in the number of patients having lifestyle-related diseases and cancer. This has resulted in the exponentially increasing demand for high potent products. In order to meet the rising demand, numerous top pharmaceutical multinational companies such as GSK, Roche, Merck, and Pfizer, are presently focusing on building their pipelines with novel therapeutics, particularly for the treatment of cancer. 

At present, about 288 small molecule targeted therapies are available at different stages of development for treating cancer. HPAPI is predicted to emerge as a critical component in product portfolios as a prime area of focus for procurement managers and researchers in the coming five years owing to the rising focus on developing high efficacy drugs.

• Rise in Count of Approvals for Monoclonal Antibodies to Boost HPAPI Market: The pharmaceutical markets across the world have been witnessing a decline in market share owing to the rising patent expiries of key revenue generating drugs, reduced count of drugs within the pipeline of pharmaceutical multinational companies, and the increasing count of generic drug manufacturers exhibiting strong competition to pharmaceutical multinational companies in pricing. HPAIPs are highly being utilized in monoclonal antibodies (MAbs), antibody drug conjugates (ADCs), and in a number of other biologically active drugs. Hence, the rise in the count of approvals for monoclonal antibodies, antibody drug conjugates, and biologically active drugs is predicted to fuel the growth of the market for high potency active pharmaceutical ingredients. 

•  HPAPIs Segment, a Revenue Generator in Pharmaceutical Industry: HPAPI holds an immense potential and is a highly promising segment. The manufacturers of HPAPIs must elevate their technical as well as operational efficiency for staying ahead in the market. The segment of HPAPIs is as revenue generator within the pharmaceutical industry. The development of the biologics segment has resulted in the increasing application of HPAPIs in glaucoma, targeted releases therapies for cancer, and hormonal therapies. 

Thus, these trends are poised to stimulate the growth of the market in the coming years. However, the absence of quality standards and stringent regulatory compliances in certain nations may inhibit the growth of the market in forthcoming years.

Browse Research Release: http://www.transparencymarketresearch.com/pressrelease/global-high-potency-active-pharmaceutical-Ingredients-market.htm

Success of Artificial Intelligence Market Shrouded by Long-term Concerns of Scientists

The global artificial intelligence (AI) market has been expanding in leaps and bounds thanks to its rising applications in deep learning, image recognition, querying method, gesture control, speech recognition, cyber security, smart robots, digital personal assistant, language processing, video analysis, and context aware processing. These applications are poised to drive the global artificial intelligence market to increase from a value of US$126.2 bn in 2015 to US$3,061.3 bn by 2024 at an astounding 36.10% CAGR between 2016 and 2024.

Despite the many advantages that AI offers, there are several challenges that hamper the growth of the market. These include the difficulties in accumulating funds for early-stage research and development, the low upfront investments across the globe, and the dearth of skilled workforce with highly technical abilities.

Concerned Researchers Explore Risks of Artificial Intelligence

Artificial intelligence’s foray into almost every facet of society is evident from its presence in the area of workplace machine learning and automation and several other enterprise applications such as automotive and mobile. And while this venture of AI into different verticals of various industries has been both predicted and remarkable, it has also caused a certain degree of trepidation among particular groups of researchers and scientists.

Inability to Improve Living Conditions: A recent survey of various artificial intelligence and cognitive science researchers has revealed that the most disturbing long- and short-term risks of artificial intelligence are the mismanagement of AI by human beings and the economic and financial harm that it may cause. Dr. Joscha Bach of the Harvard Program for Evolutionary Dynamics and the MIT Media Lab explains that even though automation through artificial intelligence will enhance productivity, it will not improve the living conditions. In fact, it might hasten resource exhaustion and pollution if appropriate regulations are not in place.

AI a Threat to Human Workforce: A professor emeritus at Stanford University Dr. Nils Nilsson warns that considering the way artificial intelligence has crept into almost every sphere of the workplace, the next industrial revolution might very well be the last one ushered in by humans with their own direct doing. Dr. Nilsson states that machines would soon be singing the song, ‘Anything you can do, I can do better’.

Mismanagement of AI by Human Beings: Yet another risk that researchers are worried about is the general mismanagement of artificial intelligence and this is evident by the US$1 bn investment into supporting OpenAI. OpenAI is a non-profit research organization that explores the positive impact of AI technologies on humans. Associate professor at Simon Fraser University, Philippe Pasquier says that the risks of malfunction with negative consequences have been increasing as artificial agents are being deployed at a much faster rate with way more responsibilities than is deemed necessary. 

Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/artificial-intelligence-market.htm

It is extremely difficult to fathom how much damage artificial intelligence could do if it is built or used incorrectly. This concern is one of the most damning challenges that the global artificial intelligence market faces today.

India, EU Show the Way in Smart Grid Technology Market

Smart grids are a highly sophisticated way of achieving efficiency and reliability in power distribution. At present, the power distribution network in most regions has a significant supply-demand gap, due to the steadily rising demand for electricity. This gap is most prominent in Asia Pacific, where the combination of a rapidly rising population, rising standard of living, and inefficiency in power generation and distribution has led to the demand for supplementary power and the means to eliminate the wastage of power during distribution.

The high efficiency of power distribution achieved through smart grids is the major driver impacting the global smart grid market. According to a report released recently by Transparency Market Research, the global smart grid market is expected to exhibit an 18.2% CAGR from 2013 to 2019. The market’s value at the end of this forecast period is expected to be US$118.1 bn.

Developments in India Smart Grid Week Augur Promise for Asia Pacific Smart Grid Market

Due to its high population, rapid urbanization and industrialization, and increasing living standards, India is a crucial regional segment of the global smart grids market. Despite its dynamic economy, power distribution in India is far from perfect and blackouts are frequent in much of the country. To turn this situation around, the Indian power ministry initiated a consortium of electricity utilities companies, investors, smart grid and smart city experts, called the India Smart Grid Week (ISGW), in 2015. The second edition of the ISGW, conducted recently in New Delhi, saw several promising developments, with U.K.-based companies, in particular, making their presence felt.

The support given by Indian PM Narendra Modi to the development of smart cities is also favorable for the country’s smart grid market. The two-way information sharing in smart grids will allow for fair and well-regulated electricity distribution, resulting in fewer blackouts and lowering of the overall supply-demand gap in the same. Smart grids would also make power supply more cost-effective.

ERIGrid Looking to Ease Incorporation of Smart Grids into Conventional Power Distribution Infrastructure

One of the major restraints on the global smart grid market is the difficulty in incorporating smart grid infrastructure into existing power distribution means. The difficulty in incorporating electricity gained from renewable resources, the generation of which is rising at a rapid pace, has also constrained the modernization of power distribution infrastructure.

An all-European coalition of energy specialists and research institutes has recently come together to attempt to solve just this problem. Called ERIGrid, the project was announced in early March, despite having begun in November last year. This project is headed by the Austrian Institute of Technology and includes renowned research centers such as the University of Strathclyde, the European Distributed Energy Resources Laboratories, and the Centre for Renewable Energy Sources and Savings. ERIGrid will look into the various way to develop an overarching smart grid system that can also manage significant influx of renewable energy.

Browse Research Press Release: http://www.transparencymarketresearch.com/pressrelease/smart-grid-market.htm

Large Foreign Banks are Retreating from India – What are the Opportunities Behind the Trend?

Until a few years ago, there were laments from Indian banking stalwarts about how foreign banks were gaining a stronger hold on the Indian banking industry than some of the central banks. And these concerns were not unfounded – foreign banks have risen meteorically in the last fifteen years. According to a report in the Economic Times, foreign banks in India have reported twofold growth in their advances every five years. The total advances of foreign banks stood at INR 75,318 cr in March 2005 and rose to INR 1.63 lakh crore in a matter of five years. This number had risen dramatically by March 2015, when it stood at INR 3.27 lakh crore in March 2015.

Have Foreign Banks Had Enough of India?

However, concerns about foreign banks stealing the spotlight have since died down because foreign banks in India are showing a slow but sure decline in their market share. The change might not be too evident presently, but it’s brewing nevertheless and can be seen in the moves made by some major foreign banks in recent years.

UK banking giant Barclays, for instance, called it quits on the broking and equity capital market business in India in January this year. The decision that Barclays has taken only underlines the slow decline in the stake held by foreign banks in India. Deutsche Bank decided to sell its credit card business even as Barclays downed the shutters on its retail banking unit in India. UBS, a leading Swiss lender, gave up its banking license, joining others who had done the same, including Goldman Sachs and Morgan Stanley. In 2013, UK-based RBS closed down 23 of its 31 Indian branches.

Decreased Practicality of Global Banking is Prompting Banks to Trace their Steps Back

The reality is establishing itself. India is no longer a priority for many banks who have survived the financial crisis of 2008-09. Back home, regulatory mandates are forcing these banks to maintain a certain amount of capital and comply with regulatory requirements. The only way to achieve this is by retreating so as to reduce operational costs and protect their bottomline.

It is interesting to see, however, that the exit of large foreign banks has acted as an opportunity for Indian private sector bankers. The next few years will likely see Indian banks open units in areas where raising dollar funds is a possibility. Analysts are eager to see where this trend leads – could it lead to smaller Indian banks making neat profits or will banks from MENA capitalize on this opportunity?

Global Application Lifecycle Management Market Gains Impetus from Rising Demand for Sophisticated Mobile Devices

The modern process of software management and the way software systems are maintained and delivered by device development and IT organizations across the globe has become astoundingly complex. An increasing number of organizations nowadays face hastened delivery schedules due to the mounting competitive pressures and the rising demand for innovation. Teams challenged by the falling time to delivery are required to focus on process improvement and innovation without sacrificing quality or increasing the expenditure on software development. This can be achieved by improving the overall application lifecycle management (ALM).

Market for ALM Gains Impetus from Rising Uptake of Mobile Devices

The rapidly increasing uptake of mobile devices and the corresponding rise in the number of browsers and platforms globally have led to the creation of a large number of mobile applications requiring an efficient application development lifecycle. This subsequently increases the demand for ALM solutions around the world. The rising demand for better engineering productivity and greater efficiency across teams is the prime factor boosting demand from the global ALM solutions market.

An efficient ALM system makes development, quality assurance, and engineering teams more productive and enables them to deliver quick output, thereby enhancing efficiency across software development teams. Proper implementation of an ALM system also ensures accurate allocation of technology and human resources. The market for ALM also gains impetus from the aging of the system development lifecycle (SDLC) infrastructure, since SDLC has inflexible procedures and a rigid design for segmenting the projects into various stages, which in turn makes estimating the time and budget required during various stages of the project even more difficult.

Global ALM Market to Exhibit 8.9% CAGR between 2015 and 2023

According to a report published by Transparency Market Research, the global ALM market generated US$2 bn in terms of revenue in 2014. Rising at a CAGR of 8.9% from 2015, the market is expected to reach US$4.4 bn by the end of 2023.

The most crucial benefit offered by ALM solutions is helping coordinate processes, people, tools, and information involved in the project. These solutions are often tailor-made to deliver innovation to business stakeholders.

Global ALM Market Driven by Latest Innovations Ensuring Better Efficiency in Project Management

Modern software development processes are no longer restricted by discrete ALM/SDLC steps managed by teams from different locations using multiple tools. Real-time access to a centralized data repository, collaborations, cross-project visibility and cross-tool, better reporting, and better project management are considered crucial for developing quality software in less time. 

This has resulted in the rising practice of integrated application lifecycle management, or integrated ALM, where users and the tools they use are synchronized with each other throughout all the stages of application. This innovation is intended to enable every team member to stay aware of the changes taking place during the development process. It therefore helps in ensuring that there are no last-minute delivery delays. 

Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/application-lifecycle-management-market.htm

Some of the most prominent companies providing the latest and most sophisticated ALM solutions in the market are IBM Corporation, Atlassian Corporation Plc, HP Development Company, Inflectra Corporation, CollabNet, Inc., VersionOne, Inc., Micro Focus International plc, L.P., Polarion Software GmbH., Parasoft Corporation, and Microsoft Corporation.

Life Science BPO Gains Significant Impetus due to Economic Downturn

The life sciences market has been witnessing a downturn since the last decade. The overall decline in the global economy and the patent expiry of blockbuster drugs and products have led to a decrease in the revenue as well as have increased the pressure on pharmaceuticals, biopharmaceutical, healthcare, and life sciences companies to start adopting advanced and more relevant technologies in order to stay ahead.

Life sciences business process outsourcing (BPO) solutions have emerged as the prime remedy to these concerns. Owing to operational efficacy, optimized research and development expenditure, and high-quality professional services, life sciences BPO solutions providers are able to offer required assistance to these companies in the research and development of novel products at a relatively lower cost.

The global life sciences BPO Market is experiencing a massive rise in its valuation. According to a research report published by Transparency Market Research (TMR), the market stood at US$127 bn in 2014 and is likely to report a CAGR of 8.90% during the period from 2015 to 2023 to attain an estimated value US$286 bn by the end of 2023.

Asia Pacific to Report Highest Growth Rate among Regional Markets

North America led the global life sciences BPO market in 2014. However, during the period from 2015 to 2023, Asia Pacific is anticipated to expand at the highest CAGR of 14.60% in the overall market.

The implementation of favorable regulations by various governments across the world, together with amendments in intellectual property protection rights and the increased adoption of advanced technologies, is projected to boost the Asia Pacific life sciences BPO market over the next few years. Along with this, low labor costs, tax benefits, and the availability of a skilled workforce are also anticipated to propel this regional market in the forthcoming years.

Accenture Leads Global Life Sciences BPO Market

IBM, Boehringer Ingelheim, Anthelio Healthcare, Quintiles Transnational, Infosys, Wipro, Lonza, PAREXEL International, Cognizant, Accenture, Covance, ICON, Catalent, and Genpact are the most prominent life sciences BPO service providers across the world.

Accenture has been leading the global life sciences BPO market since the last decade. However, Wipro is also expanding its base in this market through mergers and acquisitions. The Bangalore-based IT giant has recently signed a definitive agreement to procure HealthPlan Services. The company is said to spend US$460 mn on this purchase.

Browse Research Insight: http://www.transparencymarketresearch.com/pressrelease/life-sciences-bpo-market.htm

The increasing inclination of pharmaceutical, biopharmaceutical, and life sciences companies towards their core business segments is projected to fuel the demand for life sciences BPO significantly in the coming years. In addition to this, the rising focus on the development of orphan drugs is expected to drive the demand for contract manufacturing outsourcing (CMO), eventually propelling the global life sciences BPO market in the near future.

Three Trends Influencing Antibacterial Drugs Market’s Future

Since penicillin was first discovered in 1928, the use of antibacterial drugs has consistently risen. So much so, that the global antibacterial drugs market in 2014 stood at US$43.9 bn. Transparency Market Research predicts in its study that the global antibacterial drugs market will, however, decline in value to US$38.9 bn by 2023. Used in both animals and humans, antibacterial drugs either prevent bacteria from reproducing or kill them entirely, thus diluting their ability to cause infections. Antibacterial drugs achieve this by directly targeting various physiological functions of bacteria, such as the synthesis of cell wall, proteins, or nucleic acid. 

Today, it is possible to treat various infections and diseases caused by bacteria, such as tetanus, tuberculosis, diarrhea, pneumonia, diphtheria, and legionellosis. While numerous local and global trends are influencing the growth of the global antibacterial drugs market, some of them are more high-impact than the others. Let’s take a look at the three most defining trends in the global antibacterial drugs market and their impact on its growth:

      1. β-Lactams Most Dominant Type of Antibacterial Drug Class in the World

The most commonly used antibacterial drug classes worldwide are β-Lactams, tetracyclines, macrolides, sulfonamides, phenicols, aminoglycosides, quinolones, and miscellaneous antibacterials. Nearly 58% of the market was held by β-Lactams in 2014. The use of quinolones was high as well, but not as widespread as compared to β-Lactams. The quinolones segment constituted 17% of the antibacterial drugs market in 2014. In fact, the use of quinolones is declining year on year, and market analysts expect that this segment will show a negative compounded annual growth rate between 2015 and 2023. 

     2. Aging Population is Biggest Opportunity for Companies in Antibacterial Drugs Market

A quick look at the sheer number of people entering the geriatric population group is enough to gauge what will drive the growth of the antibacterial drugs market in the near future. The National Institute on Aging (U.S.) states that aged people will represent a remarkable 16% of the world’s population in 2050. This means that the world will have 1.5 bn people above 65 years of age. As fertility declines and a parallel trend in the form of the increased longevity of people emerges, it is inevitable that nearly every country will see a notable rise in the number of aged citizens. From the standpoint of the antibacterial drugs market, the aging population will cause a spike in the demand for miscellaneous antibacterials – a segment that’s projected to show the highest CAGR in the antibacterial drugs market worldwide. 

    3. Patent Expiries Could Erode Profitability of Leading Antibacterial Drug Brands, Slowing           Market Growth

The main reasons for the lackluster growth of the antibacterial drugs market will be the expiration of patents of leading drug name brands. While this will see more generics enter the space, the profitability of patented drugs will receive a blow. The larger impact of this, naturally, will be felt in the form of an unimpressive market growth rate. The other important factor at play in the antibacterial drugs market is the growing number of bacterial strains that are resistant to existing drug formulations. This will prompt companies to launch new R&D programs to either maintain or regain a competitive edge in the global antibacterial drugs market. 

Browse Research Release: http://www.transparencymarketresearch.com/pressrelease/global-antibacterial-drugs-market.htm

However, the scheduled commercialization of a number of antibacterial agents in the coming years is expected to augur well for the growth of the antibacterial drugs market. Some of these formulations include solithromycin (Cempra, Inc.), surotomycin (Merck & Co.), MK-3415A (Merck & Co.), and VivaGel (SPL7013) (Starpharma Holdings Limited).

Europe Platelet Rich Plasma (PRP) Market Benefits from Celebrities’ Endorsement of the Therapy

Platelet-rich plasma (PRP), also known as blood spinning, is among the class of therapies that heighten the human body’s ability to heal itself faster. Although it started making the headlines only recently, platelet rich plasma therapy has been in use since the 1970s, when it was primarily used in dentistry. 

Here’s how it works: A medical practitioner extracts an ounce or two of blood from an individual’s vein. The blood is then put into a centrifuge and spun so the platelets separate. The platelets are what secrete growth factors that allow blood to clot and the healing process to begin. The spun blood – which is now rich in plasma – is injected back into the individual’s body at the desired site where it helps expedite injured tissue repair. 

With several success stories centered on the use of platelet rich plasma coming to the fore, consumers in Europe are expected to be more open to trying the therapy in a bid to fix orthopedic problems, for aesthetic procedures, and during neurosurgery. The Europe platelet rich plasma market was valued at US$42.1 mn in 2013, says market intelligence firm Transparency Market Research. This market is projected to stand at US$87.2 mn in 2022, registering an 8.3% CAGR between 2014 and 2022.

With Famous Sports Persons Endorsing the Therapy, Europe Platelet Rich Plasma Market Gains Immensely

The most celebrated sportspersons are constantly trying to outdo their best performance. But to do this, they’re also heavily reliant on the use of new treatments that can help them best their previous record – PRP is featuring prominently in the list of therapies that can help them meet this end. 

With platelet-rich plasma being aggressively marketed as a cure-all for sports injuries, it’s not surprising that the treatment is becoming popular among sports persons – from Spanish tennis ace Rafael Nadal to American golfer Tiger Woods to American basketball player Kobe Bryant.

Driven by the proven success of platelet rich plasma in treating various orthopedic conditions, it isn’t surprising that in the Europe PRP market, the demand for the therapy in orthopedic applications was the highest. According to TMR, orthopedic procedures accounted for 38.3% of the Europe platelet rich plasma market in 2013.

Use of Platelet Rich Plasma Therapy Accelerating in Cosmetic Procedures

Facials and other skin treatment procedures that use platelet rich plasma therapy as a base are drawing much attention in the skincare and cosmetic industry. Celebrities such as actor Kim Kardashian, who have undergone PRP therapy foe aesthetic reasons, have encouraged many others across the world to approach dermatologists for similar procedures. 

A platelet rich plasma facial entails the extraction of blood from a person’s arm. The sample is then spun at high speeds in a machine to separate and concentrate the platelets. The plasma thus extracted is applied on a person’s face using extremely tiny needles – a procedure that doesn’t cause much pain or discomfort. Doctors say that this cosmetic procedure helps the skin build greater amounts of elastin and collagen to rejuvenate itself. The use of platelet rich plasma in cosmetic surgeries will thus help drive the Europe PRP market ahead.

Although there have been some reports that PRP hasn’t suited patients (Nadal, for one, said that he had to stop playing tennis for seven months the second time he took PRP as it didn’t work effectively), most patients typically report relief within a few weeks of undergoing PRP therapy. As more trials are conducted to improve the outcomes of platelet rich plasma therapy, the market will continue to surge ahead, not just in Europe but worldwide.

Browse Research Release: http://www.transparencymarketresearch.com/pressrelease/europe-platelet-rich-plasma-industry.htm

Thriving Chemicals Industry in China and Heightening Demand for Phosphate Fertilizers to Drive Global Sulfuric Acid Market

Sulfuric acid is widely used across numerous applications and has a part to play in the production of nearly all manufactured goods across the globe. The major use of sulfuric acid is found in the manufacture of fertilizers such as superphosphate of ammonium sulfate and lime. It is also widely used in the production of several chemicals such as nitric acid, hydrochloric acid, synthetic detergents, sulfate salts, explosives, drugs, and a variety of dyes and pigments.

Additionally, sulfuric acid is used in the process of petroleum refining for washing out impurities of gasoline and other refinery products. It also finds use in several operations in processing of metals such as in cleaning steel and iron before plating them with zinc or tin. Sulfuric acid plays a significant role as an electrolyte in lead acid batteries commonly used in vehicles. Being one of the most important industrial chemicals, the production of sulfuric acid is increasing every year than any other manufactured chemical.

Research Report: http://www.transparencymarketresearch.com/sulfuric-acid-market.html

A recent market research report published by Transparency Market Research projects a moderate rise in the global market for sulfuric acid over the next few years. The report states that the market will exhibit growth at a 2.6% CAGR between 2015 and 2023, rising from a valuation of US$67.99 bn in 2014 to US$85.40 bn by 2023.

Thriving Chemicals Industry in China Anticipated to Boost Sulfuric Acid Market Demand

The rapid pace of industrialization in China in the past few years has significantly benefitted several allied industries as well, point in case is global sulfuric acid market. China is currently the largest chemicals producer in the world, having facilities for the production of over 45,000 chemicals. The thriving chemicals industry in China is likely to give a significant impetus to the global sulfuric market. Much of the sulfuric acid consumed in the country (an estimated 70%) is currently used for the production of phosphate fertilizers. The remainder of sulfuric acid is consumed by sectors such as rare earth metals, manganese, and dyes and pigments.

As China has limited resources of sulfur, the country imports a large quantity of sulfur to meet the ever rising demand from several industries. However, the rising concerns regarding effects of sulfur dioxide emissions on the quality of air, soil, and water in the country are pressing government bodies to control the total output of sulfuric acid.

Expansion of Global Phosphate Fertilizers Market Likely to Increase Consumption of Sulfuric Acid

The blooming market for phosphate fertilizers is expected to be the biggest driver for the global sulfuric acid market in the near future. The mounting global population and the resultant rise in demand for increased production of crop yield are expected to drive the market for phosphate fertilizers. The segment of phosphate fertilizers accounts for a massive share of 60% in the global sulfuric acid market. As such, growth of this major end-use segment is expected to give a significant push to the global sulfuric acid market in the near future.

Research Press Release: http://www.transparencymarketresearch.com/pressrelease/sulfuric-acid-market.htm

Expanding Retail Networks Drive U.S. Lighting Products and Ceiling Fan Market

In recent years, the U.S. lighting products and ceiling fan market has witnessed a good growth rate due to a continuous supply of reliable energy. Furthermore, as manufacturers are trying to incorporate cost-effective solutions such as using solar power to light up homes, this market is being pushed at an accelerated growth rate. The improving customer service and introduction of cheaper and affordable products are also propelling the U.S. lighting products and ceiling fan market.

The products available in the U.S. lighting products and ceiling fan market are table lamps, chandeliers, floor lamps, vanity lights, wall sconce, flush mounts, outdoor lanterns, and pendants. Some of the major retailers in the U.S. lighting products market are The Home Depot, Lowes, Target, Wal-Mart, Bed Bath & Beyond, Sam’s Club, Costco, and Menards.

U.S. Lighting Products and Ceiling Fan Market to Reach US$6.3 bn in 2016

Statistics published by Transparency Market Research show that the U.S. lighting products and ceiling fan market is expected to exhibit a CAGR of 2.9% from 2011 to 2016. During the same forecast period, the market is estimated to reach a valuation of US$6.3 bn in 2016 from US$5.5 bn in 2011. The biggest contributor to the rising revenues of the U.S. lighting products and ceiling fan market will be the floor lamps segment, with a share of 20.6% in the market. Furthermore, the ceiling fan segment will hold the second largest share of 20.1% in the U.S. lighting products and ceiling fan market in 2016.

Growth of Retail Sector Drives U.S. Lighting Products and Ceiling Fan Market

The biggest factor driving the U.S. lighting products and ceiling fan market is the growing retail lighting products market, which is focusing on sales as per contracts to the non-residential segment. Analysts report that the non-residential construction sector is the largest consumer of lighting products in the U.S. and is likely to retain its dominance in the forecast period. Additionally, the increasing disposable incomes of homeowners are also expected to drive the expenditure on aesthetic and energy-efficient lighting solutions. The shorter lifespan of these products will also boost the sales of products in the U.S. lighting products and ceiling fan market.

Outdoor Lighting to Pick Up Pace as Residential Construction Sector Suffers

In recent times, it has been noted that the slowdown in the residential construction sector of the country has hampered the sale of lighting products in the U.S. Additionally, the outdoor lighting segment has also taken a hit. However, the rising per capita income of the consumers is expected to drive the outdoor lighting products segment in the coming years. This segment will also benefit from the ongoing collaborations between commercial customers and manufacturers.

Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/us-lighting-products-market.htm

Some of the common distribution or retail channels for lighting products and ceiling fans in the U.S. are home improvement stores, small retailers, electric departmental stores, specialty stores, and discount stores.

Ability to Increase Shelf Life Ensures Bright Future of Specialty Ingredients Markets

Specialty ingredients are used in foods and beverages, health and nutrition, as well as in cosmetics and personal care products, to add a specific benefit to the core recipe of the product, making it advantageous to both the consumers and the manufacturers. The benefits that specialty ingredients provide include improved taste, enhanced texture, longer shelf life, more nutrition, and better visual appeal, among several others.

Specialty Ingredients Market to Exhibit 6.60% CAGR 2015-2021

Major specialty ingredients used in food and beverages include:

1.    Corn Sweeteners     
2.    Crystalline Fructose
3.    Citric Acids
4.    Enzymes
5.    pH Control Salts
6.    Proteins
7.    Flavors
8.    Flavor Enhancers
9.    Fats and oils
10.  Soy Protein
11.   Vegetable Proteins
12.   Bioactives
13.   Colorless Fiber
14.   Flavorless fiber
15.   Preservatives and Antioxidants
16.   Vitamins and Minerals
17.   Textureless Fiber
18.   Starches
19.   Food acids
20.   Emulsifiers

The specialty ingredients market is expected to exhibit a CAGR of 6.60% in the period from 2015 to 2021, according to a report published by Transparency Market Research. The growth of the market is attributed to the increase in demand for personal care products, the growing food and beverages sector, and the growing health awareness among the global population.

Avoiding Food Wastage by Use of Specialty Ingredients

Specialty ingredients such as salts, acids, antioxidants, flavors, flavor enhancers, citric acid, starch, vinegar, and corn syrup solids are used in a variety of foods and beverages to increase their shelf life as well as to preserve their freshness, flavor, and nutrients. This helps in avoiding wastage of food due to bacterial growth, souring of dairy products, and deterioration of food in general. Foods and beverages are prone to rotting or perishing due to a combination of high temperatures and humidity, which are conditions conducive to the growth of microbial cultures. As such, the inclusion of specialty ingredients in foods and beverages to increase their shelf life has saved a large quantity of food products from being discarded. In fact, two or more specialty ingredients are used in some food products to enhance the food quality and protect it.

Similar to increasing the shelf life of food products, many of the leading manufacturers of specialty ingredients are focusing on developing and introducing specialty ingredients that can be used to increase the shelf life of personal care products.

Growing Demand for Natural Specialty Ingredients in Personal Care Products

An increasing number of people are obsessed about reversing the aging process and maintaining a younger looking skin. Thus, there has been a growing demand for anti-aging products. As more and more people are becoming aware of the negative effects of chemicals used in skin care products to show quick results, the demand for safer replacements is growing. Consumers are demanding the use of natural specialty ingredients such as antioxidants, additives, antimicrobials, and others as opposed to harsher chemicals. Thus, synthetic specialty ingredients are being replaced by the use of natural specialty ingredients, especially in India, Indonesia, South Korea, and China.

Browse Research Press Release: http://www.transparencymarketresearch.com/pressrelease/global-specialty-ingredients-market.htm

Asia Pacific Medical, Cosmetic, and Automotive Industries Crucial for Development of Global Microspheres Market

Microspheres, as the name suggests, are tiny spherical objects with width in the micrometer range, i.e. 1 to 1000 micrometers (0.001 to 1 millimeter). Microspheres are manufactured from several synthetic and naturally occurring materials and are used as fillers in a wide variety of applications. Their uniform spherical structure proffers several advantages in such applications, such as thermal insulation, low density, and ease of machining.

According to data released recently by Transparency Market Research, the global microspheres market is expected to exhibit a strong 12.4% CAGR from 2015 to 2023. The market was valued by TMR analysts at US$2.7 bn in 2014 and is expected to rise to US$7.8 bn by 2023.

Glass Microspheres Lead Demand in Global Microspheres Market

Among the various materials used to manufacture microspheres, glass has emerged as the material of choice in the past few years. Compared to other materials used to make microspheres, such as ceramics, fly ash, metals, and polymers, glass presents the advantages of superior insulation and high mechanical strength at lower costs. Due to the increasing prospects of market saturation for glass microspheres – the glass microspheres segment held 50% of the global microspheres market in 2014 – and rising R&D into synthetic materials, the demand for polymer and ceramic microspheres is rising and is expected to shape the global microspheres market significantly in the coming years.

The rising demand for polymer and ceramic microspheres also has much to do with the rising utilization of microspheres in the medical and life sciences industries. The medical and healthcare application sector of the microspheres market has grown rapidly in the last few years due to the clinical safety and biocompatibility of polymer and ceramic microspheres. The rising medical industry in emerging economies is thus expected to propel the global microspheres market massively in the coming years.

Rising Medical Tourism, Automotive Production in Asia Pacific Bodes Well for Microspheres Market

The Asia Pacific regional microspheres market has a major part to play in the development of the global market for microspheres. Since several countries in this region are on the path to development, urbanization, and increasing standards of living, the demand for cosmetic products is experiencing a steep growth curve. This bodes well for the Asia Pacific microspheres market, since microspheres are used in several cosmetic formulations and skin treatments. Countries such as India, China, and Japan are expected to feature prominently in the global microspheres market in the coming years as a result.

On the other hand, the low costs of medical treatments in Asia Pacific nations such as India, Thailand, Malaysia, etc. have given rise to a strong medical tourism industry in the region. This is expected to play a significant role in the development of the Asia Pacific market for microspheres in the coming years. 

Research Press Release: http://www.transparencymarketresearch.com/pressrelease/microspheres-market.htm

Asia Pacific has also witnessed rapid growth of the automotive industry in the last decade. Driven by the rising disposable income of consumers in rising Asian economies, the automotive industry in countries such as China, Japan, India, and South Korea has flourished in the last few years. Microspheres, which are used in vehicles for increasing their structural integrity, are expected to witness rising demand as a result.

Global Terahertz Components Market Gains Impetus from Diverse Applications across Industries

Utilization of electromagnetic waves with frequencies ranging between 100 GHz and 10 THz is called the terahertz technology. The latest advances in technology have made the previously inaccessible terahertz frequency band easily accessible for imaging systems. The terahertz technology includes high chemical selectivity and allows easy penetration in opaque materials. In the initial phase, researchers were concentrating more on exploring the laboratory applications of terahertz radiation. However, its growing application in security screening and in the detection of impurities in the pharmaceutical industry is significantly fuelling demand from the global terahertz components market.

In its latest report, Transparency Market Research pegs the overall value of the global terahertz components market at US$56 mn in 2014. Exhibiting a robust CAGR of 25.9%, the market is anticipated to reach US$415 mn by the end of 2023.

Increasing Application for Process Control Monitoring to Boost Global Terahertz Components Market

The increasing application of terahertz technology across diverse industrial verticals for quality check and process control monitoring will enable terahertz components to occupy a lucrative position in the global market. Furthermore, the use of terahertz components in laboratory applications will remain high in the coming years, which subsequently will fuel the demand for terahertz components in the global market at a steady pace. Also, in the last few years, the application of terahertz components in the medical sector has substantially increased, which in turn is expected to bolster demand from the terahertz components market in the forthcoming years. 

Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/terahertz-components-systems-market.htm

The application of terahertz technology has visibly increased in medical science and biology. This has given a significant impetus to the market over the past few years. In addition, material inspection, coupled with testing coating, for ensuring process improvement has also emerged as a major application sector for terahertz components in industrial process monitoring.

Limited Penetration across Industries Hampers Global Terahertz Components Market

As of 2015, the limited penetration of terahertz radiation has lessened the scope for its application across industries. This has been identified as a major challenge that vendors operating in the market must mitigate to expand their scope of business operations. Additionally, the terahertz devices currently available in the market are bulky and expensive and this might emerge as a major bottleneck limiting the commercial application of terahertz components.

Non-destructive Testing Emerges as Leading Application Segment

Based on application, the market for terahertz components can be segmented into research laboratory applications, industrial process control, non-destructive testing, and medical imaging. Of these, the non-destructive testing segment led the global market for terahertz components in 2014, trailed by research laboratory applications. Terahertz technology is used across the aforementioned application segments to detect abnormalities  and defects from delamination and disband, heat damage, mechanical impact damage, foreign material inclusions, and water or hydraulic fluid ingression. Terahertz radiation is also used for the identification and detection of illegal materials and hidden explosives and to investigate paper packages and envelopes without opening them. Thus, with rising concerns pertaining to safety and security around the world, the application of terahertz components is poised to increase exponentially in the near future.

Growth of Global HEMS Market Shifts into High Gear with Rising Need for Assessment of Energy Consumption and Cost

Home energy management systems have been designed in a way through which homeowners can monitor their consumption of electricity and can manage it wisely. The mounting electricity prices are one of the major factors that are boosting the demand for home energy management systems across the globe.

Some of the major advantages of using a home energy management system are:

• It allows for dynamic pricing, charging comparatively less when the demand is low.
• It eliminates the process of manual meter reading, thus reducing hassles in bill payment.
• It gives a thorough feedback on the energy cost and usage.
• It allows users to identify several ways to save substantially on energy bills.
• It permits for real-time load management by suppliers, reducing blackouts.

According to a research study by Transparency Market Research, in 2012, the global market for home energy management systems (HEMS) was valued at US$393.8 mn and is projected to reach a value of US$1.9 bn by the end of 2019. The market is estimated to register an exponential 25% CAGR between 2013 and 2019.

ZigBee to Surpass Wi-Fi due to High Demand in Europe and North America

The global HEMS market can be segmented on the basis of functionality into enabling technologies, user interface, and control devices. Among these, the control devices segment including automation, thermostats, and home lighting are leading the overall market at present. However, the enabling technologies segment is anticipated to grow rapidly in the next few years.

Furthermore, the global HEMS market can be classified on the basis of technology into Z-wave, HomePlug, ZigBee, Wi-Fi, and others. The others segment is further sub-categorized into EnOcean, Insteon, Ethernet, and Wavenis. Among these technologies, the ZigBee segment is estimated to register the highest growth rate in the near future. The rapid growth of this segment can be attributed to the increasing demand for ZigBee in Europe and North America. Moreover, ZigBee is more compatible and scalable with HAN devices and is interference-tolerant if compared with Wi-Fi technology.

Growing Smartphone Applications to Benefit Global HEMS Market

The global HEMS market is anticipated to witness rapid growth in the coming years owing to the growing demand for HEMS devices in developing nations, rising integration of HEMS with smart devices, and exemption from carbon and energy tax policies. In addition, the growing need for home energy management, rising number of smartphone applications, and variable pricing schemes offered for electric distribution are some of the major factors that are estimated to fuel the growth of the global HEMS market in the near future. 

Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/home-energy-management-systems.htm

As a result, the players operating in the global HEMS market have huge opportunities to expand their horizon and gain a competitive advantage. Some of the major players dominating the global HEMS market are Cisco Systems, Inc., General Electric Company, Honeywell International, Inc., Intel Corporation, and Panasonic Corporation.

Could Europe Outgrow North America in the In Vitro Colorectal Cancer Screening Tests Market?

Colorectal cancer, the third most common type of cancer worldwide, affected 1.4 mn people in 2012, says the World Cancer Research Fund International. In the next nine years (by 2035), the world will have nearly 2.4 mn colorectal cancer patients. Korea was the country with the highest rate of colorectal cancer, followed by Slovakia, Hungary, Denmark, and the Netherlands in the top five. These figures underline the rapid spread of the disease and the need to diagnose it at an early stage so patients can go back to leading a normal life as soon as possible. That has directly impacted the In-vitro colorectal cancer screening tests market, with demand for such tests having surged over the past few years.

A recent market study by Transparency Market Research predicts that the global market for in-vitro colorectal cancer screening tests will hold a US$980.6-mn opportunity by 2023, up remarkably from the market’s worth of US$494.1 mn as of 2014. At an estimated compounded annual growth rate of 7.5% between 2015 and 2023, it is clear that companies in the market will continue to launch new products in response to the rising demand for colorectal cancer screening tests. In vitro screening tests are becoming increasingly popular for many different diseases and conditions. Colorectal cancer is no exception.

European Countries Report High Rates of Colorectal Cancer, but North America In Vitro Colorectal Cancer Screening Tests Market Valued the Highest

The market for in vitro colorectal cancer screening tests in North America was in the leading position in 2014 in terms of revenue. The prevalence of colon cancer in North America is on the rise, thus creating conditions conducive for the growth of this market. Moreover, government policies have been extremely supportive as far as the development and introduction of new, safe in vitro cancer screening tests go. This has given the market in North America a further push. The overall spends on healthcare are high in North America as compared to other regions worldwide – yet another factor contributing to putting North America in the top position in the in vitro colorectal cancer screening tests market.

However, the next few years could well see a change in the status quo because several countries in Europe are reporting a rise in the incidence of colorectal cancer, leading to a proportionate rise in demand for screening tests. The massive graying population here and notable improvements in healthcare infrastructure can be credited for this imminent change. 

Browse Research PR: 

http://www.transparencymarketresearch.com/pressrelease/in-vitro-colorectal-cancer-screening-tests-industry.htm

Demand for Fecal Occult Blood Tests Stays Strong

An uncontrolled growth in the cells of the colon or rectum can lead to colon cancer, also known as colorectal cancer. Advances in screening and testing technologies have made it easier for medical practitioners to determine the presence of colorectal cancer among patients and advise the best course of action to treat it. 

Currently, the key types of in vitro colorectal cancer screening tests that are available on the market can be classed into: stool biomarker tests, fecal occult blood tests, and blood biomarker tests. Of these, fecal occult blood tests are the most commonly used screening tests for colorectal cancer. Their demand is primarily steered by the rising number of diabetics worldwide, the high demand for screening tests that are non-invasive in nature, and the ease of collecting the sample for the test.