Category Archives: Technology Press Release

LED Lighting Market to Exhibit Steadfast Expansion During 2018-2026

The global LED lighting market is projected to reach over US$ 120 billion by 2025, exhibiting a CAGR of 16.61% over the forecast period (2017-2025). The LED lighting market is mainly driven by advantageous features offered by LED lights over incandescent and fluorescent lamps such as increased energy efficiency, longer lifetime, enhanced physical strength, smaller size, design flexibility, and environmental friendliness. Rampant product invention coupled with advancements in technology is gaining customer attraction globally due to drastic transformation in semiconductor industry and evolution of light bulbs from incandescent bulbs, led to smart and intelligent energy efficient LED lighting systems. The intelligent lighting systems can be of two types, such as sensor incorporated and non-sensor incorporated. Sensor incorporated lighting systems are able to change the brightness of lights automatically by detecting people and daylight. However, non-sensor incorporated lighting systems are regarded as smart lighting systems as they can be operated through programming. Due to substantial improvement and modernization in wireless technologies such as Bluetooth, Wi-Fi, Li-Fi, among others, most of the forthcoming intelligent lighting systems are expected to be wireless. Screen and display backlight market expansion is expected to augment demand for LED lights.

LED Lighting Horticulture Market to Incur Considerable Upsurge During 2018-2026

LED lighting horticulture market is directly addressed to the businesses associated with the commercial, indoor and R&D activities associated with plants, which is in contrast of the field farming and animal husbandry. These addressable segments are directly dependent on the presence of sunlight for the crops growth. However, with the increase in global population and lack of adequate sunlight in regions that include North Central Europe and Nordic countries, requirement of additional production of vegetables, fruits, medicines and other agricultural products is expected to drive the demands for these industry products.

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Learning Management System Market Set to Witness Steady Growth through (2018-2026)

The learning management system is a software solution that is used for training programs, administration, tracking, reporting, documentation and educational courses. The Global Learning Management System Marketwas valued at US$ 5.1 billion in 2015 and is projected to expand at a CAGR of 23% during the forecast period (2016–2025), as highlighted in a new report published by Coherent Market Insights. The increasing adoption of digital learning processes in various organizations for training and education systems provides immense opportunities for growth of the learning management system market, globally.

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Grid Connected Battery Storage Market to Witness Robust Expansion Throughout the Forecast Period 2018-2026

An electrical grid is a network, which delivers electricity for electricity production plant to consumer. The battery storage provides flexibility for end user application such as solar power and wind power. The grid storage is classified as either front of the meter (FOM) storage and behind the meter (BTM) storage. The front of the meter is for community energy storage, utility application, and others and behind the meter storage is for both residential and commercial application. Global grid connected battery storage market generated revenue of US$ 996.8 million in 2017 and is expected to reach US$ 4,242.4 million by 2025. The market is expected to exhibit a CAGR of 20.0% in the forecast period. Increasing demand for renewable energy is one of the major driving factors for growth of the market, use of renewable energy increased the need for battery storage systems in the power grids. According to International Renewable Energy Agency, in 2015, the global renewable energy production was 5.5 million Giga watt hour up from 5.3 million Giga watt hour in 2014. Hence, this increasing production of renewable energy has accelerated growth of the market, globally.

Field Survey Management Market to Incur Meteoric Growth During 2018-2026

Field survey management market refers to the businesses generated through data collection for gaining insights on different market aspects such as brand management, concept testing, consumer needs, retention, satisfaction surveys, pricing surveys, and service quality. Requirement to gain proper insights on the consumer or business behavior in a specific geographic location to provide competitive edge to companies outsourcing these services is expected to be the prominent factor influencing the growth of the field survey management market.

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Utilizing different data methodologies to target specific consumer or business segments to enable better business insights is expected to propel the growth of field survey management market

Fiber Laser Market to Set Phenomenal Growth from 2018 to 2026

Fiber laser is a type of laser, in which the beam transfer and the laser cavity is incorporated into a solitary system inside an optical fiber. It is doped with rare-earth elements such as erbium, ytterbium, neodymium, thulium, praseodymium, holmium or dysprosium. Gas lasers typically use helium-neon or carbon dioxide, whereas, crystal lasers (neodymium-doped yttrium aluminium garnet) are used for solid state laser in various laser operations. Fiber lasers offer advantages such as ease of use, high reliability, maintenance-free operation, high integration capability, and high stability, which are expected to be factors driving the market growth.

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Enterprise Network LAN equipment Market Adopts Innovation to Stay Competitive Forecast 2026

Flexibility of LAN network allows it to cater from as few as two or three users in small offices to several hundred users in larger offices. Enterprise networking forms the basis of organization functioning, owing to the requirements for connectivity between computing devices and other electronic devices across various workgroups and departments to enable easy data accessibility. Enterprise Networking LAN equipment helps in maintaining the interoperability of systems and devices to enable internal and external data management.

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Requirement to improve overall business productivity in organizations will fuel the global enterprise network LAN equipment market demands

Drone Phones Market Size Will Escalate Rapidly in the Near Future

Quadcopters are being integrated with sophisticated technologies such as gyroscopes, GPS, and high resolution cameras to execute complex tasks such as aerial mapping, aerial photography, monitoring, search & rescue operations, and entertainment tool among many others. In the recent past, a new concept of drone phones has been introduced, which harnesses the power of the smartphone for all additional features such as camera, gyroscope and GPS for its functioning, while the drone itself would be just a housing assembly for the phone and have the mechanical components essential for flight. In 2015, Xcraft Inc., a company based in the U.S., introduced the first concept of drone phones through broadcast on a television show in order to raise investments. The drone allowed for the smartphone to be housed in the body of the drone and use the on-board GPS, camera and other features of the smartphone to navigate and control its flight.

Discrete Diodes Market to Witness Unprecedented Growth in Coming Years

Discrete diodes are electronic devices that has two terminals, the main function of which is to allow current to flow in one direction (also known as forward flow) and restricts it from flowing in the opposite direction (also known as reverse flow), from anode to cathode. Discrete diodes is a package of individual circuits performing a single function. Unlike an integrated circuit, it is not built on a common semiconductor with other electrical components that form the circuit as a whole. It is a basic building block of an active electronic circuit. Discrete diodes are used in computers as well as in application in a wide range of industries, including the telecommunications, consumer electronics, and automotive.

Customer Relationship Management Market Shows Boosted Growth Rate in Forecast to 2026

Customer relationship management is a tool, which is used to analyze and manage customers’ interaction throughout the customer life cycle. Increasing demand for software-as-a-service based CRM have accelerated growth of the market. Automated engagement, high customer service, improved experience, and rising scope of digital operations are some of major factors, which fuels demand for CRM software and solutions in various verticals. Social CRM have the capability to improve lead generation, which has led to increasing demand for these in various organization, in turn driving growth of the global CRM market.

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Customer Relationship Management Market Taxonomy

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