Vapour Recovery Units Market Revenues to Decline in 2016; Long-term Outlook Moderate: FMI Study

Environment pollution legislation will continue to drive the adoption of vapour recovery units, especially in developing regions. Rising awareness on reducing the impact of pollutants, combined with regulatory pressures on providing workers with safer working environments will continue to influence installation decisions. Potential economic benefits of installing vapour recovery units are expected to drive adoption; however, high initial costs can impede growth. The prevailing oil crisis in the Middle East is expected to have a ripple effect on the global vapour recovery market, with global revenues declining to US$ 471 Mn in 2016, down from US$ 481 Mn in 2015. The long-term outlook on the market remains positive, with the global market expected to increase at a moderate CAGR of 3.2% during the forecast period 2016-2026.

North America, the largest market for vapour recovery units, will witness further proliferation of compressor-based VRU; however, the market will continue to have a low presence of players engaged in distribution of VRU at downstream process. John Zink, AEREON and ZEECO are key players in the production and distribution of VRU at downstream process.

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VRU installations will continue to increase at a steady rate in Europe. While the current oil crisis will negatively impact the market in Middle East, the market will grow moderately in the long run. Asia Pacific and Latin America will witness moderate growth, and like North America, compressor-based VRUs will witness steady demand.

VRU installations will continue to remain higher in upstream process vis-à-vis downstream process. Increasing preference for VRUs over flare gas recovery technologies will continue to impact VRU installations for upstream processes. The upstream process will continue to account for leading revenue share of the global vapour recovery unit market. By application, storage tank vents will continue to account for leading market share at upstream, whereas marine loading will remain a key application segment at downstream process. By end-use, oil & gas will remain the most attractive sector for VRU manufacturers and distributors, followed by brewery & food processing.

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Key market participants covered in the report include Hy Bon/EDI, PSG Dover, AEREON, Petrogas Systems, John Zink Company, LLC, Cimarron Energy Inc.,Wintek Corporation, Accel Compression Inc., Whirlwind Methane Recovery Systems, LLC.

Colostrum Market to be Valued at Over US$ 1367.4 Mn by 2016

Colostrum is gaining preference as an essential component in food and beverages industry. Future Market Insights (FMI) estimates global colostrum volume to exceed 10,331.5 tonnes by 2016 end and represent market value of over US$ 1367.4 Mn by 2016 end.

Increasing demand for colostrum can be attributed to it being a major source of immunoglobulin — with higher amount of IgG — that strengthens the immune system and helps in reducing signs of ageing. Various colostrum-based products such as whole colostrum powder, skim colostrum powder and specialty colostrum powder are available in the market. Increasing demand for probiotic colostrum-based products is anticipated to fuel growth of the global colostrum market in the near future.

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In terms of application, infant food is the largest segment in the global colostrum market. This is mainly attributed to increasing number of branded infant food products being prescribed by physicians, paediatricians, pharmacists and doctors. Due to the aforementioned factors, infant food segment is expected to expand at a CAGR of 3.7% in terms of value and 3.5% in terms of volume over the forecast period (2016–2026).

In terms of revenue generation, whole colostrum powder is the most attractive segment and is estimated to account for US$ 645.4 Mn by 2016 end. FMI estimates whole colostrum powder segment to exceed 6,508.6 tonnes by 2016 end; an increase of 2.3% in 2016 over 2015.

Asia Pacific excluding Japan (APEJ) is expected to remain the largest market for colostrum. By 2026 end, the APEJ market is expected to be valued at US$ 833.8 Mn and 11,135.2 metric tonnes in terms of volume. The North America market is anticipated to exhibit significant growth over the forecast period.

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APS BioGroup, La Belle, Inc., Ingredia Nutritional, The Saskatoon Colostrum Co. Ltd, Biostrum Nutritech Pvt. Ltd, Biotaris B.V., NIG Nutritionals Limited, Good Health NZ Products Ltd, Sterling Technology and Cuprem Inc. are some of the market leaders identified across the value chain in the global colostrum market landscape. Leading companies are focusing on expanding their production capacity and launching new product offerings in a bid to increase market share, expand customer base and achieve a competitive edge.

Long-term outlook: According to FMI analysis the global colostrum market is expected to maintain a positive outlook, with revenue projected to reach US$ 1943.5 Mn by 2026. In terms of value, the global colostrum market is anticipated to expand at a CAGR of 3.6% during the forecast period. In terms of volume, the global colostrum market is anticipated to expand at a CAGR of 3.2% during the forecast period.

Veterinary Vaccines Market Revenues to Reach US$ 7.24 Bn in 2016

Demand for veterinary vaccines is witnessing an increase, as focus shifts from cure to prevention among farm- and pet- owners. The global pet humanisation trend is massively influencing demand for veterinary healthy products and services, and vaccines are riding on the coattails of this trend. The global veterinary vaccines market is anticipated to reach US$ 7.24 Bn in 2016, up from US$ 6.82 Bn in 2015.

Focus on improving food security and mitigating the spread of contagious diseases will continue to fuel demand for veterinary vaccines. Increase in foodborne and zoonotic diseases has adversely affected animal production in the recent past, owing to which emphasis on maintaining health and well-being of animals has gained prominence.

On the basis of product type, attenuated live vaccines will continue to hold the leading revenue share, closely followed by inactivated vaccines. These two product segments accounted for nearly 47% revenue share of the market in 2015, and are expected to dominate global revenues in 2016 as well.

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By disease type, foot and mouth disease and anaplasmosis are the two largest segments, collectively accounting for over US$ 2.1 Bn in revenues in 2015. Canine parvovirus is another key disease type, contributing significant revenues to the global market.

Veterinary clinics remain the most prominent distribution channel for veterinary vaccines, and accounted for nearly 40% revenue share of the market in 2015. Veterinary clinics sold US$ 2.74 Bn worth of veterinary vaccines in 2015, and this figure is expected to reach US$ 2.91 Bn in 2016.

By animal type, livestock animals accounted for bulk of the demand for veterinary vaccines in 2015, and the status quo is anticipated to remain unchanged in the future as well. Companion animals are further segmented into canine, avian, and feline, of which, canine segment accounted for the bulk of the revenues in 2015.

North America and Western Europe are the two largest markets for veterinary vaccines, collectively accounting for over 57% revenue share of the market in 2015. The market in North America is dominated by the U.S., which accounted for US$ 1.58 Bn in revenues in 2015. The Canada veterinary vaccines market is expected to surpass US$ 500 Mn in revenues in 2016. Outside of North America, Western Europe and Asia Pacific excluding Japan (APEJ) are the leading markets for veterinary vaccines.

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Key players in the global veterinary vaccines market include Merial, Zoetis, Elanco, Merck & Co. Inc, Boehringer Ingelheim GmbH (BIVI), Bayer Pharma AG, Ceva, Virbac, Diamond Animal Healthcare (Heska) and Indian Immunological Ltd.

Long-term Outlook: The global veterinary vaccines market is expected to increase at a CAGR of 6.9% during the forecast period 2016-2026.

SDS Controller Software Market : Global Snapshot by 2025

The increase in demand for Software-defined storage controller software (SDS) market in different industry verticals such as IT, Security, Healthcare, etc. globally. Vendors are delivering data volumes which are growing rapidly, using technological innovations which assist them to boost their cloud and big data analytics systems, Transformation of data center into SDDCs, Intensification in R & D to raise technological innovations in SDS, Increase in adoption of SDS, Cloud computing and data analytics is estimated to grow steadily over the forecast period in Software-defined storage controller software market.

Failure or defects in data structure of SDS software solutions, Complexity of SDS for user, Non-uniform standard due to variety of different SDS data structures, incomplete data services, and Legacy data storage are the challenges in the Software-defined storage controller software market

Software-Defined-Storage (SDS) controller software supports organizations to create an open group of shared storage capacity from standards-based hardware. SDS optimizes resources, lowers capital investment and energy costs by eliminating data services & hardware from storage management Standards-based APIs provides an arrangement between storage resources and IT environment.

In future, the complete IT hardware could be handled and managed by software. Software Defined Everything (SDE) has become the latest development. Costly, registered, hardware-based solutions with manufacturer-dependent controllers, memories, switches and CPUs all this traditional hardware solutions will be replaced by Software

A software-defined storage controller software provides storage resources to allow efficiency, flexibility, and scalability to ease capital and operational costs. Software-defined storage (SDS) is a method to data storage in which the programming that controls storage-related tasks and disconnects from the physical storage hardware. SDS places the importance on storage-related services more than hardware storage devices. SDS plays a significant role in many large industries which include Software-defined networking (SDN) as a trend. SDN provides proprietors with flexible management competencies with the help of programming. Without any hardware system, a storage resource utilized efficiently, and automated policy can simplify its management policy. Possibly, a single software interface can be used to manage a shared storage pool that works on hardware products. SDS means a new way of storage that will ease some of the network issues while creating others. SDS will make it easy to manage and store data quickly, and it breaks down data store management.

The software-defined storage market is growing, and many vendors are trying to associate their products with SDS Storage Controller Software., the customer should be provided with software to assign and share storage resources across all assignments. The main benefit of Software-defined storage controller software is the separation of hardware and software which provides flexibility in configuration and helps in reduction of costs by replacing hardware platforms. Software-defined storage will improve storage capacity, but it is complicated as there are number of SDS software available in market which leads to non-uniform standards of SDS software

Hewlett Packard Enterprise (HPE) is a storage provider with an open SDS solution which can be easily installed and extended to grow along with customer demands.  Even small & medium enterprises will get benefit from an enterprise-class storage solution that will support them to maximize the Return on investment from server virtualization in a limited budget

Software-defined storage controller software market segmented based on application, end use, Enterprise and Component type. Based on Usage type, the Software-defined storage controller software market segmented into Surveillance, Data Backup & Disaster Recovery, and Storage provisioning. By enterprise, segmented into Small & medium enterprises and large enterprises. Based on Application, segmented into Healthcare, IT, Telecom, Logistics, Education and Media & Entertainment. By Component type, it is segmented into Platform and Services.

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Some of the prominent players in Software-defined storage controller software market are  VMware, Inc. , Intel Corporation, DELL EMC, IBM Corporation, NetApp Inc., VMware Inc., DataCore Software , Hitachi Ltd., Cisco Systems, Hitachi Data Systems, Oracle Corporation, RedHat (HP), SwiftStack Inc., Fujitsu Limited, Coraid Inc., Acronis International GmbH., and HP Development Company, L.P., Microsoft Corporation, Inc. and Google Inc.

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The software-defined storage controller software market is expected to be the fastest-growing software market in the Europe followed by North America, Latin America, Japan, Asia-Pacific and MEA regions due to the increase in adoption of software-defined storage controller software by enterprises for improving the business processes and competence in their data centers. Germany is leading in the software-defined storage controller software market, and it is estimated to grow rapidly in the forecast period 2017-2027.

Source: imported from this press release.

Over 106 Million Wearable Medical Devices will be Shipped in 2016

Global shipments of wearable medical devices will surpass 106 million in 2016, as rising awareness and disposable income continue to influence healthcare decisions. Global wearable medical device revenues are set to touch US$ 23,980.5 million, witnessing a y-o-y growth of 4.8% in 2016 over 2015.

Increasing prevalence of diseases that require round-the-clock monitoring will continue to ramp up demand for wearable medical devices in 2016. Availability of compact, smartphone-compatible devices is also expected to boost adoption. Although average selling price of these devices is expected to witness a decline in 2016, high price still remains a key constraint for many patients. As technology makes further headway and competition become more intense, wearable medical devices are anticipated to become more affordable in the future.

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Wearable monitoring and diagnostic devices will continue to witness the highest demand in 2016, followed by wearable therapeutic medical devices. However, the latter will continue to account for higher revenues, owing to higher average selling price of these devices. Total shipments of wearable therapeutic medical devices are anticipated to reach 38,637,108 in 2016, representing market value worth US$ 14,543.6 Mn. Sleep apnea devices will continue to be the highest-selling wearable therapeutic medical device, with total shipments expected to reach 34,008,685 in 2016.

Patient monitoring, home healthcare, and health & fitness will continue to remain the key end use application segments of wearable medical devices in 2016. Demand for wearable medical devices will be strongest in home healthcare segment, with total revenues expected to reach US$ 15,281.5 Mn in 2016. Wearable medical devices are gaining traction in the rapidly growing home healthcare sector, giving care providers and patients access to crucial physiological information.

Clinics will continue to be the leading distribution channel for wearable medical devices in 2016. Clinics will sell US$ 7,717.0 Mn worth of wearable medical devices in 2016, up from US$ 7,348.4 Mn in 2015. Sales will continue to gain traction through online channels, with total revenues expected to reach US$ 4,669.0 Mn, a y-o-y increase of 4.6% in 2016 over 2015.

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North America will continue to be the largest market, followed by Western Europe and Asia Pacific excluding Japan (APEJ). The North America wearable medical devices market will reach US$ 9,608.7 Mn in 2016, up from US$ 9,143.2 Mn in 2015.

Medtronic plc, Koninklijke Philips N.V., Sonova, and Fitbit Inc. are the leading players in wearable medical device market. Geographical expansion, investment in start-ups and SMEs remains the key business strategy of these players.

Long-term Strategy: FMI projects the global wearable medical devices market to expand at 6.9% CAGR during the forecast period 2016-2026.

Pregnancy Rapid Test Kits will Continue to Outsell Fertility Kits in 2016

Global demand for fertility and pregnancy rapid test kits market will reach US$ 1,068.4 Mn in 2016, up from US$ 1,029.1 Mn in 2015, witnessing 3.8% growth in 2016 over 2015. Increasing prevalence of gynaecological diseases and infertility will continue to drive demand in 2016, with dual-capability test kits gaining traction among consumers.

Pregnancy rapid test kits will continue to witness higher demand than fertility kits, representing US$ 600 Mn in market value in 2016. Line-indicator kits will continue to outsell digital devices, with the latter generating only one-third revenues of the former. Mid-stream and cassettes line indicator pregnancy rapid test kits will witness strong growth rates than strips/dip sticks, however, strips/dip sticks will continue to account for the highest market value, representing US$ 197 Mn in revenues in 2016.

Line indicators will remain the preferred product type in fertility rapid test landscape as well, representing market value worth US$ 329.2 Mn in 2016, up from US$ 317.7 Mn in 2015.

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hCG urine test will account for the highest market share on the basis of test type, representing nearly 43% revenue share in 2016. Apart from hCG, other test types – FSH urine test, hCG blood test, and LH urine test will witness a decline in their market share, suggesting increasing preference for conventional laboratory tests.

Drugstores and pharmacies will remain the largest distribution channels for both fertility and pregnancy rapid test kits. Drugstores will sell US$ 286.4 Mn worth of fertility and pregnancy rapid tests kits in 2016, representing nearly 27% revenue share of the market by distribution channel.

North America will remain the largest market for fertility and rapid test kits in 2016, accounting for over half of global revenues. Demand for rapid kits will continue to grow in the developing countries of Asia Pacific, Middle East, and Africa. While APEJ fertility and rapid test kits market will reach US$ 267.2 Mn in revenues in 2016, MEA market will be worth US$ 7.5 Mn.

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Church & Dwight Co., Inc., Alere Inc., bioMérieux SA, and Quidel Corporation are the market leaders in the global fertility and pregnancy rapid test kits landscape. Collaboration with distribution partners and strengthening market position through acquisitions remains the key strategy of these players.

Long-term Outlook: Future Market Insights projects a moderate 4.1% CAGR for fertility and pregnancy rapid test kits market during the forecast period 2016-2026.

Blood Gas and Electrolyte Analyzers Market to grow at 4.5% CAGR from 2016 to 2023

Blood Gas and Electrolyte Analyzers Market size is driven by rising number of patients in the emergency wards, through rising chronic disease prevalence, and upsurge in PoC analyzers demand. Blood gas and electrolyte analyzers market size was valued at USD 484.5 million in 2015, with over 4.8% CAGR growth expectation from 2016 to 2023; as per a new research report by Global Market Insights, Inc.

Strong product availability has helped improve the care of critically ill patients. Growing demand for highly developed sleek handheld devices with short turnaround time has led to the development of sleek, handy and more compact point-of-care devices. The report encapsulates market trends & issues, market profiling, growth drivers and inhibitors, opportunities and challenges, current in overview, product innovations.

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The report covers:

  • Current market scenario
  • Market Estimates and Forecasts for 2016-2023
  • Segmentation on the basis of product, region and competitive landscape
  • Product Segments Analyzed in Volume and Value Terms

Growing geriatric population, prevalence of chronic end-of-life diseases, leading to high number of hospital admissions and increasing demand for health parameter monitoring devices are key factors contributing to blood gas and electrolyte analyzers market growth. A consequent rise in demand for high throughput and integrated systems is also likely to drive the market growth. Growing aging population is another key factor to impel the growth.

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North America led by the U.S. blood gas and electrolyte analyzers market share dominates the regional market globally. APAC region driven by India and China tops the fastest growing market both in terms of volume and value. The region is projected to exhibit growth over 6.6% during the forecast period. The increase is attributed to rapidly developing healthcare infrastructure and changing dynamics of healthcare consumption. Furthermore, growing awareness about health is likely to influence the market growth positively.

LATAM market size is projected to witness a surge in coming years.

High impact factors rendering growth are:

  • Advent of new technology
  • Prevalence of chronic diseases
  • Growing number of patients in critical care and emergency departments,
  • Increasing demand for blood gas testing
  • Rising healthcare expenditure levels
  • Growing preference shift towards point-of-care testing
  • Emergence of multi-parameter monitoring devices

Portable analyzers lead the product segment and are likely to continue dominance over the predicted time frame. Combined analyzers are expected to witness significant growth at 5.5% CAGR over the next few years.

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Major participants in global blood gas and electrolyte analyzers market include:

  • Cerner Corporation
  • Roche Diagnostics
  • Alera Medical
  • Siemens Healthcare
  • Instrumentation Laboratories, Inc.

Merger and acquisition and strategic collaboration are the key strategy to focus on to achieve product portfolio expansion and maintain leading position.

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Middle East Conveyor Belts Market to Reach US$ 242.7 Mn by 2026

Future Market Insights (FMI) delivers key insights on the Middle East Conveyor Belts in its latest report titled, ‘Conveyor Belts Market: Middle East Industry Analysis and Opportunity Assessment, 2016-2026’. Middle East conveyor belts market is projected to register a healthy CAGR of 4.3% in terms of value during the forecast period (2016–2026). This is attributed to various factors, regarding which FMI offers detailed insights in its report.

On the basis of product type, the Middle East conveyor belts market has been segmented into metal-reinforced rubber conveyor belt, fabric-reinforced rubber conveyor belt and plastic conveyor belts.

Metal-reinforced rubber conveyor belt segment has been estimated to account for 27.3% value share of the market in 2015 and is expected to register a CAGR of 4.6% over the forecast period.

By cover type, Middle East conveyor belts market has been segmented into conductive conveyor belt, abrasion-resistant conveyor belt, heat- and flame- resistant and oil-resistant conveyor belt. Conductive conveyor belt segment has been estimated to account for 13.5% value share in 2015 and is expected to register a CAGR of 5.7% over the forecast period. However, in terms of value, abrasion-resistant conveyor belt segment is projected to be dominant by 2026, accounting for market share of 37.8%, as compared to heat- and flame- resistant segment, with 28.0% share.

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On the basis of application, the Middle East conveyor belts market is segmented into mining, food production industry, commercial, construction industry, electricity generating stations, automotive industry, chemical & fertilisers and packaging industry — among these, mining segment has been estimated to account for value share of 22.9% in 2015, which is projected to decrease to 22.5% by 2026. The commercial segment is projected to exhibit the highest CAGR of 5.5% over the forecast period.

By weight, Middle East conveyors belts market is segmented into lightweight, medium-weight and heavyweight — among these, medium-weight segment has been estimated to account for a value share of 49% in 2015, which is projected to increase to 49.5% by 2026. The lightweight segment is projected to exhibit the highest CAGR of 5.0% over the forecast period.

Factors Driving the Middle East Conveyor Belt Market

Growth of the Middle East conveyors belts market is mainly driven by increasing adoption of automated production lines across various industries and rising number of construction sites in Middle East region. Other trends driving growth include improvement of belt materials in conveyor systems and government initiatives to encourage local food production in the Middle East. High dependence on raw material imports and low profit margins for manufacturers are certain factors restraining growth of conveyor belt market in the Middle East.

Middle East Conveyor Belt Market: Country-wise Analysis

Turkey has been estimated to dominate the Middle East conveyors belts market, with over 35.0% market share in Middle East region in 2015 and is anticipated to remain dominant by 2026, followed by KSA (The Kingdom of Saudi Arabia) and UAE (United Arab Emirates). Among all the countries in Middle East, KSA market is anticipated to register the highest CAGR over 2016–2026, followed by UAE. This is mainly attributed to increasing demand from construction and mining industry in KSA and increase in number of mining projects such as limestone production in UAE.

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Key Players in Middle East Conveyor Belt Market

Key players in the Middle East conveyor belt market include Al Kuwaiti Industrial Solutions, Arabian Universal, Bridgestone Corporation, ContiTech AG (Continental AG), Derby Conveyor Belts Industry and Trade Inc., FaBa Commercial Services, Fenner Dunlop Conveyor Belting, Kale Conveyor, Phoenix Conveyor Belts Systems GmbH, Schieffer Magam Industries Ltd., Semperit AG Holding and Ziligen A.S.

Major participants are focusing on collaborations and partnerships with service providers to enter into new markets. These key players are also focusing on expanding their offerings and provide end-to-end solutions, which entails conveyor belt manufacturing, service, and maintenance.

Automotive Collision Repair Services Market to Witness Comprehensive Growth by 2025

Damage or accident inclusions may cover total replacement of parts and components or just painting and denting of the vehicle’s surface. There are numerous local shops and company-owned outlets that offer automotive collision repair services to global automotive fleet in operation. Growth of automobile sales in the global market is a prominent driver for the automotive collision repair services market. Globally, the damage rate of automobiles has surged due to increasing incidences of accidents and traffic rules violations. Furthermore, automobile damages due to impacts and accidents have increased to a high extent throughout the globe, this is directly impacting market growth and acting as the prominent driver for the overall automotive collisions repair services market. Developments in insurance, claims and the automobile aftermarket have led to the expansion of new repair methods and recent processes, which have meaningfully broadened the scope across commercial and passenger vehicle classes. Manufacturers and insurance companies are tying up to offer customized insurance policies to consumers at the time of purchasing a new vehicle.

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Automotive Collision Repair Services Market: Dynamics

The automotive collision repair services market has witnessed various advancements in recent years as deployment of new methods and technologies for automotive diagnosis and remanufacturing of some of the reliable parts and components, which can be installed with perfection and precision in an automobile. Some key automotive market players have come up with company-owned service centers and shops for genuine auto parts as a part of business strategy to capitalize on this collision repair services market opportunity. Additionally, new manufacturing technologies, such as 3D printing or additive manufacturing have empowered manufacturers to produce the most complex and difficult parts and components with ease and in very less manufacturing time. Also, the market for automotive collision repair services has increased due to development in the overall automotive sector, as consumers are more attracted towards safety and riding comfort. Moreover, in developed nations, high standard of living and growing disposable income have enabled consumers to replace faulty and damaged parts and components, even when they are slightly damaged, as consumers are more aesthetically conscious for their vehicles. Furthermore, growth in racing and adventure sports, such as dirt racing and off-road driving are expected to fuel growth of the overall automotive collision repair services market in the coming future. Increasing standard of living with high comfort levels has brought the automotive collision repair services market in great demand, and hence, this market is forecasted to grow yet more rapidly in the future.

Automotive Collision Repair Services Market: Regional Outlook

The automotive collision repair services market can be divided into seven different geographical regions/divisions: North America, Latin America, Western and Eastern Europe, Asia-Pacific excluding Japan (APEJ), Japan, and Middle East and Africa. North America and Europe have a high standard of living with luxurious lifestyles and high disposable incomes, this has led to the growth of automotive collision repair services in the respective regions as the consumers have the capability to replace the defective components. Moreover, Consumers are very conscious to repair their vehicles after an accident or mishap, moreover customers have developed a liking towards the comfortable and smooth riding experience after completion of servicing and repairs. Paints and coatings have a high replacement rate in automobiles, which may arise from small scratches to heavy damages, thus the automotive collision repair services market is expected see rapid growth in all developed and developing countries in the future. Emerging economies in the APEJ region, countries like India and China, is the target market for all the automotive industries thus the growth of the automotive collisions repair services will depend on the APAC region. Additionally, in countries such as China, India and Brazil automobiles are considered as a basic mode of transportation and hence, there is enormous growth potential for the automotive collision repair services market in the near future.

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The automotive collision repair services market is anticipated to grow with a significantly growing CAGR in the coming future owing to the increasing number of consumers opting for these services in motorcycles and bikes globally. Furthermore, new technologies and inventions in automotive collision repair services will foster growth in the global market.

Source: imported from this press release.

Quantum Computing Market : Global Snapshot by 2025

Some of the key players in Quantum Computing Market are Anyon Systems Inc., Cambridge Quantum Computing Limited, D-Wave Systems Inc., QC Ware, Corp., Quantum Corporation, Eagle Power Technologies, Inc., MagiQ Technologies, Inc., Optalysys Ltd., Lockheed Martin Corporation, Qubitekk, Inc., Rigetti & Co, Inc., and Intel Corporation.

A quantum computer is a kind of computer that directly uses the rules of quantum mechanics to do a mathematical calculation. A quantum computer consists of building block known as quantum bit or qubit which is similar to the digital bits of a computer which are components of computers. The characteristics of quantum computing are best for making highly secure systems. Encryption is trending everywhere, from social media websites to banks and databases. Quantum computers can speedily sort larger databases as well as vast stores of various, unstructured data. With the help of silicon technology, quantum computers are built using current assembly processes, are the drivers of Quantum Computing market

Artificial Intelligence (AI) is benefited by quantum computing as it provides massive processing power and logic for free decisions which will help AI technology to grow at an impressive rate. Quantum computing will assist scientists to compute molecular structure. Quantum photonics is an emerging trend which will have a positive impact in the coming future.

Driving demand for secure communication, role of quantum mechanics in optimizing problems and sampling, use of quantum computing in photonic integrated circuits, role of Quantum computing in machine learning and Artificial Intelligence, use of Quantum cryptography for secure mobile transactions and impact of Quantum Computing on Artificial Intelligence is the driving factors for quantum market

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High-cost infrastructure and hardware used in quantum computing are the challenges in Quantum Computing market.

Quantum teleportation will enable the development of an internet named quantum internet that permits to send the message using data encryption techniques and access to Quantum computing via cloud is the latest trend in the Quantum computing market which will contribute to the significant growth of quantum computing 

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The Asia Pacific region is dominating the Quantum computing market followed by North America, Latin America, Western Europe, Eastern Europe and MEA region. Due to the rising competition, continuous innovation, an increase in applications in Quantum Computing are the factors for the significant growth in Quantum Computing market.

Source: imported from this press release.