Market Trends

The constant advancement in technologies requires assessing various risks factors on regular basis. The risk management software market provides solutions on various platforms like Enterprise Risk Management, Financial Risk Management, Market Risk Management, and Integrated Risk Management. What is Risk Management Software? Risk Management software is a type of enterprise software which helps in assessing various risk such as threats, vulnerabilities and other factors which can compromise the performance of an organization. The risk management tools are analytical in nature, where they use the existing data to identify risk and take measures to avoid potential crisis. The risk management process helps in assuring the confidentiality and integrity of both personal and business data. What are the uses of Risk Management Software? The risk management software will help in understanding the potential risk of an organization. The analysis done by using this risk management software will he

3D Printing materials refers to the materials opted in 3D printing for creating 3D objects. These materials are added in layers to create the 3-Dimensional objects.  3D printing caters to huge application market in medical implants, aircraft, automobiles and many more. In 2017, 3D printing materials market worth $968.6 million and is anticipated to further grow at a CAGR of 29.5% during the forecast period 2018-2023. The materials had immense demand in the North American region and had generated $461.4 million in 2017. In 3D Printing Materials Market outlook, the metal type material is forecast to increase in usage in applications like aerospace and automobiles. The Asia pacific is witnessing huge growth in the market and is forecast to grow at a CAGR of 30.8%. Expansion into new regions, thereby exploring new opportunities in 3D printing materials market will widen the scope of application for this industry leading to a high growth rate. The adoption of 3D printers to visualize and t

Animal Probiotics Market Overview Animal probiotics are specific strains of microorganisms, served to animals in proper amount to have a beneficial effect. It improves the health and reduces the risk of falling sick. Various bacterial strains are commercially available in the market such as Bacillus subtilis, Lactobacillus thermophilus, and others. The use of probiotics as feed supplements in animal production has increased considerably over the last decade, particularly after the ban on antibiotic growth promoters in the livestock sector. Furthermore, the growing awareness about the advantages of animal probiotics among poultry and cattle farmers, as well as pet owners, continues to create fresh opportunities for the manufacturers of animal probiotics. The Animal Probiotics market is expected to grow at a CAGR of 7% during the forecast period 2018–2023.   Animal Probiotics Market Outlook Proper use of probiotics for animals is paramount to their good health. An overall proper balance

Washing Machine Market Overview: According to the International Trade Center (ITC), the total trade of washing machines was evaluated at $13.72 billion in 2018. This growth is attributed to the consumer affluence and the  latest innovations occurring in the washing machine market  such as bubble technology and drive technology. These factors are disrupting the overall washing machine market growth and gaining consumer traction as they lessen energy-consumption and fabric damage. The global washing machine market had a valuation of $37.11 billion as of 2018. Furthermore, the demand for washing machines is estimated to grow at a CAGR of 5.42% during the forecast period 2019-2025. The report notes that North America has been witnessing high growth rate in the washing machine market recently.  In 2018, North America recorded 36.84% of the global revenue share.   Advancements in home appliances with growing possibilities of Internet of Things (IoT), the washing machines are among a variety

Field Service Management Market size is forecast to reach $6.5 billion by 2025, at a CAGR 15.4% during 2020-2025. The growing demand for mobile apps to gain real-time visibility into field operations and the adoption of cloud-based field service management solutions, with increasing time demands and cost-effective solutions will drive the market. The increasing demand for mobility-based solutions to boost field operations, scaling up the activities of field technicians with the assistance of advanced technologies are some of the major drivers for the development of the service management industry. The number of field technicians employed worldwide has already surpassed the 20 million level and is expected to continue to rise over the forecast period. Hence with the increasing number of field service technicians market for field service management is expected to rise in the forecast period. Key Takeaways Increasing the use of mobile devices in several market sectors has aided in handli

Augmented Reality Market and Virtual Reality Market Overview: As per an online release by Forbes in 2017, 98% of cinema screens in China were 3D. Such developments in one of the leading entertainment-content country-wide industry indicates firmly the alternations being demanded by viewers. Owing to such demand, augmented reality market and virtual reality market are gaining traction. AR and VR tools inhibits the confinement of human physical possibilities and relishes one’s quest for all sorts of endeavors. Augmented reality market and virtual reality market growth is not only fueled by entertainment content but also expands to healthcare, aviation, and defense sectors in particular. Owing to such tremendous scope of application in flourishing sectors, augmented reality market and virtual reality market are collectively valued at around $11 billion - $13 billion as of 2018 and owing to its convergence with the $100 billion gaming sector, it is progressing at a global CAGR of 35% - 38%