Artificial Intelligence in Marketing Market | Technology (Machine Learning, Context-Aware Computing, NLP, Computer Vision) | worth 40.09 Billion USD by 2025

According to the "Artificial Intelligence in Marketing Market by Offering (Hardware, Software, Services), Technology (Machine Learning, Context-Aware Computing, NLP, Computer Vision), Deployment Type, Application, End-User Industry, and Geography - Global Forecast to 2025", the market is expected to be valued at USD 6.46 Billion in 2018 and is likely to reach USD 40.09 Billion by 2025, at a CAGR of 29.79% during the forecast period. Growth in the adoption of customer-centric marketing strategies, increase in demand for virtual assistants, and increased use of social media for advertising are the major factors driving the demand for AI-based marketing and sales solutions.

North America is expected to account for the largest share of the overall AI in marketing market in 2018. North America is the largest contributor to the adoption and implementation of AI in marketing. The region, including the US and Canada, has shown increased investments in the market, and several vendors have evolved to cater to the rapidly growing market. Considerable growth is expected in the region during the forecast period owing to the growing adoption of AI among physically present retail stores, as well as the ongoing research and pilot projects by North American companies.

Companies covered in the AI in marketing market report are NVIDIA (US), Intel (US), IBM (US), Micron (US), Samsung Electronics (Korea), Xilinx (US), Amazon (US), Alphabet (US), Facebook (US), Microsoft (US), Salesforce(US), Baidu (China), Sentient Technologies (US), Albert Technologies (Israel), and Oculus360 (US). Some of the other key companies included in the report are Twitter (US), Oracle (US), InsideSales (US), Persado (US), Mariana (US), Drawbridge (US), Narrative Science (US), Appier (US), GumGum (US), and Zensed (Sweden).

Scope of the Report:

The report segments the AI in marketing market into the following segments:

By Offering

• Hardware
• Software
• Services

By Deployment Type

• Cloud
• On Premises

By Application

• Social Media Advertising
• Search Advertising
• Dynamic Pricing
• Virtual Assistant
• Content Curation
• Sales & Marketing Automation
• Analytics Platform
• Others (Website Design and Emotion Measurement)

By Technology

• Machine Learning
• Context-Aware Computing
• Natural Language Processing
• Computer Vision

By End-User Industry

• BFSI
• Retail
• Consumer Goods
• Media & Entertainment
• Enterprise
• Others (Education, Healthcare, Manufacturing, and Automotive)

By Region

• North America
• Europe
• APAC
• RoW

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
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MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

RF Test Equipment Market: Growing Adoption of Wireless Networking in In-Building Communication Systems

The RF test equipment market was valued at USD 2.32 Billion in 2016 and is expected to reach USD 3.21 Billion by 2023, at a CAGR of 4.92% during the forecast period. The base year considered for the study is 2016, and the forecast period is between 2017 and 2023. The objective of the report is to provide a detailed analysis of the market based on type, form factor, frequency, application, and geography.

The report also provides the information regarding major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the RF test equipment. In addition, the key players in the RF test equipment market are strategically profiled, and their market rank and core competencies are comprehensively analyzed, along with detailing the competitive landscape of market players and describing product launches, product developments, acquisitions, partnerships, expansions, agreements, and collaborations in the market.

Oscilloscopes held the largest market share in 2016. For the installation of technologies, robust infrastructure and supporting technologies are required. Parameters such as transmission power and modulating frequency are crucial for error-free working. To ensure the quality of the signal in real-time, an oscilloscope is a key equipment. Moreover, the adoption rate of PXI oscilloscopes is quite high for any test and measurement system due to their ability to acquire and analyze both time- and frequency-domain analog signals and to provide higher accuracy, bandwidth, and signal flexibility compared to traditional benchtop oscilloscopes.

The market for RF test equipment having a frequency of more than 6 GHz is expected to grow significantly during the forecast period. With the growing demand for 5G connectivity technology, the demand for RF test equipment with more than 6 GHz frequency is likely to be increased in the coming years. Additionally, various research projects are using potential spectrum above 6 GHz in the telecommunications industry, which boost the growth of this market in the near future.

RF test equipment in APAC to grow at the highest rate during the forecast period

APAC is expected to be the fastest-growing market for RF test equipment during 2017–2023. A number of OEMs as well as semiconductor device and product manufacturers are situated in APAC. The growing demand for RF test equipment is attributed to the increasing number of smartphones and continuous advancements in next-generation telecommunication standards, such as LTE, 4G, and upcoming projects on 5G. Moreover, favorable regulatory policies for the approval of new semiconductor technologies and the saturation of the market in developed countries are the factors that intensify the interest of foreign players in Asia Pacific.

The report profiles the most promising players in the RF test equipment. The competitive landscape of the market presents an interesting picture of the strategies adopted by a large number of players. The key players in this industry are Anritsu (Japan), Fortive (US), Keysight Technologies (US), National Instruments (US), and Rohde & Schwarz (Germany), Teradyne (US), Yokogawa Electric (Japan), Teledyne Technologies (US), Cobham (UK), EXFO (US), Giga-tronics (US), Chroma ATE (Taiwan), Good Will Instruments (Taiwan), and B&K Precision (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
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MarketsandMarkets™ INC.
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Suite 430
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USA : 1-888-600-6441

The low voltage harmonic segment is expected to grow at the highest CAGR: Harmonic Filter Market

According to the new market research report "Harmonic Filter Market by Type (Active, and Passive), Voltage Level (Low Voltage Harmonic, Medium Voltage Harmonic, and High Voltage Harmonic), Phase, End User, and Region - Global Forecast to 2023", The harmonic filter market is estimated to reach USD 1.12 Billion by 2023, growing at a CAGR of 6.65% between 2017 and 2023.

Low voltage harmonic filters find application in various manufacturing and process industries, power plants, and harbor cranes. Therefore, based on voltage level, the low voltage harmonic segment led the harmonic filter market in 2016. Furthermore, this segment is expected to grow at the highest CAGR during the forecast period.

“APAC estimated to account for the largest share of the harmonic filter market in 2023”

The APAC region is estimated to account for the largest share of the harmonic filter market in 2023. This can be attributed to a large number of manufacturing and processing industries in the APAC region, especially in countries, such as China, India, Singapore, and South Korea. Manufacturing and processing industries require harmonic filters to maintain smooth operations of machines in these sectors.

The major players in this market are ABB Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation Plc (Ireland), Danfoss A/S (Denmark), and Schaffner Holding AG (Switzerland), among others.

To estimate the size of the harmonic filter market, top players in the market and their market shares have been considered in this report. This research study involves extensive use of secondary sources, such as annual and financial reports of top players, presentations, press releases, journals, paid databases, and interviews with industry experts. The research methodology is explained below:

• Analyzing the overall size of the individual markets through percentage split with the help of primary and secondary research
• Analyzing several market segments and subsegments
• Analyzing supply and demand sides of the harmonic filter market ecosystem
• Analyzing market trends in various regions and countries, supported by the ongoing research and development in these regions
• Finalizing overall market sizes by triangulation with supply-side data, which includes product development, supply chain, and estimated sales in the harmonic filter market

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441

The Americas is estimated to hold the largest share: Geotechnical Instrumentation and Monitoring Market

The report "Geotechnical Instrumentation and Monitoring Market by Offering (Hardware & Software, Services), Technology (Wired, Wireless), Structure (Tunnels & Bridges, Buildings & Utilities, Dams), End user, and Region - Global Forecast to 2022" , is estimated to be valued at USD 4.64 Billion by 2022, and is projected to grow at a CAGR of 11.37% between 2017 and 2022. The growth of the geotechnical instrumentation and monitoring market can be attributed to the awareness about the benefits of geotechnical instrumentation and monitoring and stringent government regulations for its implementation. The rising number of infrastructure projects across the globe is driving the market growth, as geotechnical instrumentation and monitoring is planned to be implemented in almost every critical structure to adhere to safety regulations.

The Americas is estimated to hold the largest share of the geotechnical instrumentation and monitoring market by 2022

 

The Americas is estimated to have the largest share of the geotechnical instrumentation and monitoring market by 2022. The major reason for this large market share is the high number of projects that are implementing geotechnical instrumentation and monitoring solutions in the region. The Americas has always been the leader in implementing this technology and is very particular about the safety of its structures.

Major players in the geotechnical instrumentation and monitoring market are Fugro N.V. (Netherlands), Keller Group plc (U.K.), Geokon, Incorporated (U.S.), Durham Geo Slope Indicator, Inc. (U.S.), Nova Metrix LLC (U.S.), Geocomp Corporation (U.S.), and Sisgeo Srl (Italy).

The research methodology is explained below:

• Analyzing the overall size of the individual markets through percentage splits with the help of primary and secondary research
• Analyzing the market segments and subsegments
• Analyzing the supply and demand sides of the geotechnical instrumentation and monitoring ecosystem
• Analyzing the market trends in various regions and countries, supported by the ongoing research and development (R&D) in these regions
• Finalizing the overall market sizes by triangulation with supply-side data, which includes product developments, supply chain, and estimated sales of the geotechnical instrumentation and monitoring market

Of all structural segments of geotechnical instrumentation and monitoring market, tunnels & bridges is the fastest-growing segment during the forecast period. Bridges and tunnels are important infrastructures and contribute majorly to the growth of a region. Geotechnical monitoring in tunnels is important due to the increased risks of cave-ins. Thus, it is necessary to monitor the safety of these structures with high precision.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441

North America to hold the largest share: Contextual Advertising Market

According to the new research report "Contextual Advertising Market by Type (Activity-based Advertising, Location-based Advertising, Others), Deployment (Mobile Devices, Desktops, Digital Billboards), Industry, Approach, and Geography - Global Forecast to 2023", The contextual advertising market is expected to be worth USD 125.79 billion in 2018 and is likely to reach USD 297.68 billion by 2023, at a CAGR of 18.80% between 2018 and 2023. The growth of this market is driven by increasing number of social media users, personalized marketing strategies, and growing trend of mobile advertisement among others. 

North America to hold the largest share of the contextual advertising market in 2018

North America holds the largest share of the contextual advertising market. This can be attributed to the presence of key players such as Google (US), Facebook (US), and Microsoft (US) in the region. In North America, there is a large number of social media and smartphone users, and the spending on advertisements is exceptionally high compared with other regions. In addition, penetration of mobile devices is high in the US, followed by Canada; this provides marketers a stronger channel to target potential customers.

Some of the major players in the contextual advertising market are Google (US), Media.net (Dubai), Facebook (US), Microsoft (US), Amazon.com (US), AOL (Austria), Yahoo (US), Twitter (US), IAC (US), and Amobee (US).

Objectives of the report:

•  To define, describe, segment, and forecast the global contextual advertising market, in terms of value, segmented on the basis of type, deployment, industry, and geography
• To describe the market on the basis of approach
• To forecast the size of the market with respect to 4 main geographies—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
• To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contribution to the total market
• To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
• To provide a detailed analysis of the contextual advertising value chain
• To analyze the opportunities in the market for stakeholders and detail the competitive landscape for market leaders
• To strategically profile the key players and comprehensively analyze their market ranking and core competencies2
• To analyze the major growth strategies such as contracts, joint ventures, mergers & acquisitions, product launches and developments, and research and development (R&D) carried out by the players in the contextual advertising market
• To map the competitive intelligence based on company profiles; key player strategies; and game-changing developments, such as contracts, product launches and developments, collaborations, and acquisitions

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441

Industrial Sensors Market by Sensor (Level Sensor, Image Sensor, Gas Sensor, Pressure Sensor, Position Sensor, Force Sensor, Flow Sensor, Temperature; and Humidity & Moisture Sensors), Type, Application, and Geography - Global Forecast to 2023

The industrial sensors market is expected to be valued at USD 16.0 billion in 2018 and is likely to reach USD 21.6 billion by 2023, at a CAGR of 6.16% during the forecast period. The study involved 4 major activities to estimate the current market size for industrial sensors. Exhaustive secondary research was done to collect information on market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Level sensor to hold largest share of industrial sensors market in 2018

Based on sensor, level sensor leads the industrial sensors market as major applications of level sensors, such as manufacturing and process industries, semiconductor manufacturing, automotive manufacturing, and aerospace and defense manufacturing, occupy a huge share in the industrial sensors market. Also, average selling price of level sensors is highest when compared with other types of sensors covered in this report.

Market for noncontact sensors to grow at higher CAGR during forecast period

Noncontact industrial sensors is a faster growing segment of the industrial sensors market. Increasing penetration of remote sensing and wireless sensing attributes to the growth of noncontact sensors in the industrial sensors market. The wireless sensors market is increasing due to factors such as increasing penetration in industrial automation applications; growing adoption of wearables in industrial facilities; emerging concepts, such as smart factory; and increasing applications in pharmaceuticals and mining industries and petroleum refineries. 

APAC expected to hold largest share of industrial sensors market in 2018

APAC is expected to hold the largest share of the industrial sensors market in 2018. China and Japan are the key countries contributing to the growth of the industrial sensors market in APAC. APAC is the largest market for industrial sensors because of the presence of China in this region. China’s manufacturing output is the largest in the world. It is one of the major manufacturers of consumer electronics, automobiles, etc.

 North America is expected to account for the second-largest share of the industrial sensors market throughout the forecast period. The US currently accounts for the largest share of the industrial sensors market in North America, followed by Canada and Mexico.

A few major players operating in the industrial sensors market are Rockwell Automation (US), Honeywell (US), Amphenol Corporation (US), Texas Instruments (US), Panasonic (Japan), STMicroelectronics (Switzerland), First Sensor (Germany), and Siemens (Germany). 

About MarketsandMarkets™

 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Laser Projection Market: APAC expected to hold major share

The laser projection market was valued at USD 3.15 billion in 2017 and is expected to reach USD 10.53 billion by 2023, at a CAGR of 18.2% during the forecast period. The base year considered for the study is 2017, and the forecast period considered is 2018–2023.

The objective of the report is to provide a detailed analysis of the market based on product type, illumination type, resolution, vertical, and region. The report forecasts the market size, in terms of value, for various segments with regard to 4 main regions North America, Europe, APAC, and RoW. It strategically profiles the key players and comprehensively analyzes their rankings and core competencies in the laser projection market, and details the competitive landscape for market leaders.

APAC expected to hold major share of laser projection market during 2018–2023

Asia Pacific is expected to hold the largest share of the laser projection market during the forecast period. In APAC, China is expected to be the major contributor to the laser projection market between 2018 and 2023. APAC is the leading laser projection market for education and cinema segments, with major demand driven by countries such as China and India. APAC is expected to provide ample opportunities for the laser projection market growth during the forecast period.

Panasonic Corporation (Japan), Sony Corporation (Japan), Seiko Epson Corporation (Japan), Barco NV (Belgium), NEC Display Solutions (Japan), BenQ Corporation (Taiwan), Casio Computer Co., Ltd. (Japan), Optoma Corporation (Taiwan), The Ricoh Company, Ltd. (Japan), and Delta Electronics Industry Co., Ltd. (Taiwan) are the major players in the laser projection market. The report also includes the profiles of companies such as Canon Inc. (Japan), Christie Digital Systems (US), Digital Projection (UK), Dell (US), FARO Technologies, Inc. (US), Hitachi Digital Media Group (UK), LAP GmbH Laser Applikationen (Germany), ViewSonic Corporation (US), and Xiaomi Inc. (China).

About MarketsandMarkets™

 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Security Robots Market: Sensors component to grow at the highest CAGR during the forecast period

According to the new market research report "Security Robots Market by Type (Unmanned Aerial Vehicles, Unmanned Ground Vehicles, Unmanned Underwater Vehicles), Component (Sensors, Controller Systems, Camera Systems, Navigation Systems), Application and Geography - Forecast to 2022", the security robots market is expected to reach USD 2.36 billion by 2022, at a CAGR of 8.56 % between 2016 and 2022. This growth can be attributed to the rising geopolitical instabilities and territorial conflicts. During the last decade, the total number of active conflicts has increased throughout the world, for instance, the European refugee crisis and disputes in the South and East China Sea. This factors are driving the demand for security robots. 

Sensors component to grow at the highest CAGR during the forecast period

The market for sensors is expected to grow at the highest CAGR during the forecast period. CBRN and laser sensors are used in security robots for marking targets, guiding munitions, missile defense, electro-optical countermeasures, and inertial navigation systems among others. Electro-optic systems are increasingly being used by defense forces worldwide. EO/IR systems are integral to the intelligence, surveillance, & reconnaissance (ISR) and intelligence, surveillance, target acquisition, and reconnaissance (ISTAR) capabilities of modern military forces.

North America expected to hold the largest share of the global security robots market between 2016 and 2022

The security robots market in North America is segmented into the U.S., Canada, and Mexico. The increasing use of advanced weapons and technology for overseas contingency operations such as Afghanistan, Syria, and Iraq is driving the growth of the market in this region. Currently, the ongoing operations in Syria and Libya against terrorist outfits are prompting the U.S. to use advanced technology-based security robots.

The major players operating in the security robots market are Lockheed Martin Corporation (U.S.), Northrop Grumman Corporation (U.S.), Thales SA (France), BAE Systems Plc (U.K.), and Elbit Systems Ltd. (Israel) among others.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441

Battery Enegry Storage System Market to reach USD 8.54 Billion by 2023, at a CAGR of 33.9% between 2018 and 2023

The battery energy storage systems are primarily used to reduce peak demand charges; integrate renewable source, regulate voltage, and frequency; and provide backup power supply. The battery energy storage system market was valued at USD 1.45 Billion in 2017 and is expected to reach USD 8.54 Billion by 2023, at a CAGR of 33.9% between 2018 and 2023.  The base year considered for the study is 2017, and the forecast period is between 2018 and 2023. The major factors driving the growth of the battery energy storage system market include the increasing demand for grid-connected solutions, high demand for the lithium-ion technology in the renewable energy industry, and declining prices of lithium-ion batteries.

Lithium-ion batteries to hold largest size of the battery energy storage system market throughout the forecast period

Utility-owned battery energy storage system held a major share of the market in 2017

Battery energy storage system market in APAC to grow at the highest CAGR between 2018 and 2023

APAC comprises China, Japan, India, South Korea, and the Rest of APAC (RoAPAC). APAC is gradually becoming a hub for the battery energy storage system industry. The demand for battery energy storage systems from China, India, and Japan is gradually increasing. The electricity demand in China is on rise due to the rapid population growth in the country. To fulfill the increasing demand from this population, the state-owned State Grid Corporation of China, the world’s largest utility, has deployed battery energy storage systems to provide ancillary services throughout its grid.

The major players operating in the battery energy storage system market are ABB (Switzerland), LG Chem (South Korea), NEC (Japan), Panasonic (Japan), Samsung SDI (South Korea), AEG Power Solutions (Netherlands), General Electric (US), Hitachi (Japan), Siemens (Germany), and Tesla (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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High demand for GPS technology in military applications drives the global anti-jamming market for GPS

According to the new research "Anti-Jamming Market for GPS by Receiver Type (Military & Government Grade, and Commercial Transportation Grade), Technique (Nulling, Beam Steering, and Civilian), End-User (Military, and Civilian), Application, and Geography - Global Forecast to 2023", is expected to grow from USD 3.86 billion in 2018 to USD 5.50 billion by 2023, at a CAGR of 7.34%. The growth of this market is mainly driven by factors such as the high demand for GPS technology in military applications and the ongoing developments to improve the overall GPS infrastructure. The global positioning system (GPS) was originally developed for military purposes and has proven to be essential for land, air, and sea navigation as well as for the accurate positioning for a wide range of military applications. Also, the use of anti-jamming systems and technology with GPS receivers and antennas helps prevent the jamming of signals. Therefore, the high demand for GPS and GNSS devices in military applications is driving the growth of the anti-jamming market for GPS. The ongoing developments in this technology are likely to enhance coverage and reliability. The increased penetration of the GPS technology in a wide array of applications is expected to be driven by coverage enhancements.

GPS was originally developed for military purposes and has proven to be essential for land, air, and sea navigation for the accurate positioning for a wide range of military applications. The military GPS/global navigation satellite system (GNSS) devices are highly recommended for applications related to force deployment, logistical support, and vehicle navigation—such as GPS-aided navigation systems for aircraft and unmanned vehicles, handheld receivers for soldiers, and navigational devices for vehicles. Signal jamming is a major threat to the military operations based on GPS. GPS jamming devices broadcast signals in the same frequency as used by satellite navigation, which results in false location information. It can also lead to the disruption of satellite transmissions. A few military applications, such as the GPS Jammer Location (JLOC), have been designed to monitor GPS interference and provide alerts to military users in the field on the detection of threat. Also, the use of anti-jamming systems and technology with GPS receivers and antennas helps prevent jamming. Therefore, the high demand for GPS and GNSS devices in military applications is driving the growth of the anti-jamming market for GPS.

Anti-jamming market for GPS in APAC to grow at highest CAGR during forecast period

The anti-jamming market for GPS in APAC is expected to grow at the highest CAGR during the forecast period. The rising adoption of GPS technology in the defense and commercial sectors, with a focus on accuracy and secured navigation, is expected to propel the growth of the anti-jamming market for GPS in APAC during the forecast period. Additionally, the increase in defense expenditures of India and China, among others, and the expansions of militaries in emerging economies have accelerated the demand for GPS anti-jamming solutions in APAC.

The key players in the market include Rockwell Collins, Inc. (US), Raytheon Company (US), Cobham plc (UK), NovAtel, Inc. (Canada), Mayflower Communications (US), Furuno Electric Co., Ltd. (Japan), Harris Corporation (US), BAE Systems plc (UK), u-blox Holding AG (Switzerland), and InfiniDome Ltd. (Israel).These players are increasingly undertaking contracts, acquisitions, and product launches and developments to develop and introduce new technologies and products in the market.

About MarketsandMarkets™
 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Delivery Robots Market expected to be worth $34.0 million by 2024

The delivery robots market is expected to grow from USD 11.9 million in 2018 to USD 34.0 million by 2024, at a CAGR of 19.15% during the forecast period. At present, the cost for each last-mile delivery is USD 1.60 via human drivers, which could be scaled down to USD 0.06 by utilizing autonomous delivery robots; hence, the reduction in the cost of last-mile deliveries is the key factor driving the growth of the delivery robots market. The increased venture funding is another factor driving the market growth.

The market for robots with load carrying capacity of up to 10.00 kg to grow at the highest CAGR during 2018–2024

Robots with a load carrying capacity of up to 10.00 kg are mainly adopted by local restaurants for the delivery of food parcels and beverages to consumers. As these robots weigh around 25 kg, they are capable of carrying limited weight and adopted to deliver products in a shorter range. The existing challenge of traffic congestion that restricts the easy movement of autonomous vehicles puts limitations on the dimensions of robots. Hence, the growth of the market for delivery robots with a load carrying capacity of up to 10.00 kg is driven by their small form factor.

Hardware to dominate delivery robots market in 2018

Hardware contributes majorly to the development cost of a robot. Robot development stages such as designing, building, programming, and testing a robotic system are a combination of physics, mechanical engineering, electrical engineering, structural engineering, mathematics, and computing. The larger market share of hardware can be attributed to the costly components such as LiDAR sensors and radars. The LiDAR sensor provides high-resolution, three-dimensional information about the surrounding environment to the delivery robot. This sensor not only locates the position of people and objects around the vehicle but also assesses the speed and route at which they are moving.

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North America to hold a major share of the delivery robots market in 2018

Increasing demand for delivery robots in the retail industry and growing labor charges for last-mile deliveries, drive the delivery robots market growth in North America. Owing to various research programs supported by the government of North American countries, North America is expected to hold the largest share of the delivery robots market in 2018. It has invested millions of dollars in robotics research projects, most of which are defense-related projects. North America has been home to many delivery robot manufacturing companies, such as Robby Technologies (US) and BoxBot (US). Sophisticated and adequate street infrastructure, such as proper design and sufficient width of sidewalks and footpaths, helps companies in testing and operating delivery robots in this region.

Major players in the delivery robots market include Starship Technologies (US), JD.com (China), Panasonic System Solutions Asia Pacific (Singapore), Savioke (US), Nuro (US), Amazon Robotics (US), Robby Technologies (US), Boston Dynamics (US), Robomart (US), Eliport (Spain), Dispatch (US), Piaggio Fast Forward (US), Marble (US), TeleRetail (Switzerland), BoxBot (US), and Kiwi Campus (US).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Industrial valve market for cryogenic valves to grow at high CAGR by 2023

The industrial valve market is expected to grow from USD 70.53 billion in 2018 to USD 85.19 billion by 2023, at a CAGR of 3.96% between 2018 and 2023. The key factors that are driving the growth of this market include the increased need for industrial valves from oil and gas production-related facilities in GCC countries, elevated energy demand in APAC, smart city development initiative across the world, high demand for predictive maintenance techniques from manufacturing industries, and stringent environmental and safety regulations to make energy sector more resilient.

Industrial Valves Market by Material Type (Cast Iron, Steel, Cryogenic, Alloy Based), Size, Valve Type (Ball, Butterfly, Gate, Globe, Check, Plug), Industry (Oil & Gas, Water & Wastewater, Energy & Power), and Geography - Global Forecast to 2023

The industrial valve market for cryogenic valves will grow at the highest CAGR during the forecast period. The oil & gas, energy & power, and chemicals industries are likely to have high demand for cryogenic ball valves due to their ability for quarter turn on-off operation, minimal lubrication, and capability to provide tight sealing with low torque in cryogenic fluid handling applications. Cryogenic plug valves will be highly installed in the oil & gas and chemicals industries for the isolation application, that is, to separate cryogenic media from other media.

APAC is expected to hold largest share of industrial valve market from 2018 to 2023

The industrial valve market in Asia Pacific (APAC) accounted for the largest share of the overall market in 2017 is expected to grow at the highest CAGR during the forecast period. Major factors driving the growth of the valve market in APAC include increasing population and rising focus of emerging economies on investing in industries such as energy & power, oil & gas, water & wastewater treatment, chemicals, and construction in which industrial valves are used.

Emerson (US), Cameron – Schlumberger (US), IMI PLC (US), Flowserve (US), and Weir Group (UK) are among a few major players in the industrial valve market.

About MarketsandMarkets™
 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
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MarketsandMarkets™ INC.
630 Dundee Road
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Temperature Sensor Market, by Product Type, Product Type and by region - Global Forecast to 2023

According to the research report on "Temperature Sensor Market by Product Type (Bimetallic, Thermistor, IC, RTD, Thermocouple, IR, Fiber Optic), End-User Industry (Oil & Gas, Chemicals, Automotive, Consumer Electronics, Healthcare), and Geography - Global Forecast to 2023", the temperature sensor market, the overall market is estimated to grow from USD 5.62 Billion in 2018 to USD 7.48 Billion by 2023, at a CAGR of 5.9% between 2018 and 2023. The increasing penetration of temperature sensors in advanced and portable healthcare equipment, growing demand for temperature sensors in the automotive sector, and the increasing adoption of home and building automation systems are the key factors driving the temperature sensor market growth.

Scope of the Report

This report categorizes the temperature sensor market by product type, end-user industry, and region.

Temperature Sensor Market, by Product Type:

• Contact-type temperature sensor
  • Bimetallic temperature sensor
  • Temperature sensor IC
  • Thermistor
  • Thermocouple
  • Resistive temperature detector (RTD)
• Noncontact-type temperature sensor
  • Infrared temperature sensor
  • Fiber optic temperature sensor

Temperature Sensor Market, by End-User Industry:

• Chemicals
• Oil & Gas
• Consumer Electronics
• Energy & Power
• Automotive
• Healthcare
• Food & Beverages
• Metals & Mining
• Advanced Fuels
• Aerospace & Defense
• Glass
• Pulp & Paper

Temperature Sensor Market, by Region:

• North America
• Europe
• APAC
• RoW

Major players operating in the temperature sensor market include ABB (Switzerland), Texas Instruments (US), Analog Devices (US), Honeywell International (US), Amphenol (US), Global Mixed Mode Technology (Taiwan), Integrated Device Tecgnology (US), Kongsberg Gruppen (Norway), Microchip Technology (US), ON Semiconductor (US), Endress+Hauser (Switzerland), Okazaki Manufacturing Company (Japan), Yamari Industries (Japan), STMicroelectronics (Switzerland), TE Connectivity (Switzerland), Gunther GmbH Temperaturmesstechnik (Germany), and Omega Engineering (US).

Latest report concludes growth of $92.2 billion in lithium ion battery market by 2024

The growth of this market is being fueled by increase in demand for plug-in vehicles, growing need for automation and battery-operated material-handling equipment in industries, growing demand for smart devices and other industrial goods, and high requirement of lithium-ion batteries for industrial applications.

The overall lithium ion battery market is expected to grow from USD 37.4 billion in 2018 to USD 92.2 billion by 2024, at a CAGR of 16.2%.

“Market for Lithium Nickel Manganese Cobalt is expected to grow at a higher rate during the forecast period”

The energy density of NMC batteries is its primary strength. It achieves this energy density with good stability due to the use of an optimum ratio of nickel manganese and cobalt. It also has a good charge and discharge cycle. These features enable its application in industries such as automotive. NMC is used in batteries laptops, mobile phones, tablets, automotive, power tools, and electrical storage systems. It is expected to gradually replace LCO and NCA cathode materials in batteries of notebooks, mobile phones, and tablets. It is lightweight and can better serve slimmer and lighter tablets and smartphones. NMC is also used in HEV, EV, and PHEV as it offers higher safety, along with other desired properties. These advantageous properties of NMC are expected to increase its market share in next five years and ideally positioned it to be the best material available in this industry.

“Lithium ion battery market for power capacity range 3,000–10,000 mAH is expected to grow at the highest rate during the forecast period”

Lithium-ion battery’s heavy power capacity makes it useful in electrical vehicles and industrial uses. The increasing market of consumer electronics and smartphones has increased the need for batteries with high power capacity that can keep the device running for long hours and at the same time giving an optimum experience of the device due to large screen and power back up service.

“Lithium ion battery market for consumer electronics is expected to hold the largest market during the forecast period”

Continuous development in consumer electronics as well as support from government and association for the adoption of lithium ion batteries has boosted the growth of this market. The growing use of electronic devices such as cell phones, laptops, MP3 players, and GPS navigation systems is driving the growth of the consumer electronics industry for the lithium ion battery market.

APAC held the largest size of the lithium ion battery market during the forecast period

APAC held the largest size of the lithium ion battery market in 2018. APAC is home to a large number of semiconductor and electronics companies and increasing trend to implement high power battery and safety with low energy wastage are expected to open up new market opportunities for lithium ion battery in APAC. China and India are the fastest growing economies in the world. Demand for lithium ion batteries is very high in Asia Pacific owing to the ever-increasing population and its need for consumer electronics. The market in China is expected to grow mainly because of the huge number of lithium ion battery manufacturing companies in China and Japan. A major share of lithium ion batteries are manufactured in APAC — specifically in China, Japan, and South Korea.

Key players operating in the lithium ion battery market include BYD Company (China), LG Chem (South Korea), Panasonic (Japan), Samsung SDI (South Korea), BAK Group (China), GS Yuasa (Japan), Hitachi (Japan), Johnson Controls (Ireland), Toshiba (Japan), Lithium Werks (The Netherlands), CALB (China), Saft Groupe, (France), VARTA Storage (Germany), Farasis Energy (California), and Sila Nanotechnologies (California). 

About MarketsandMarkets™

 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441