Robotic Process Automation Tools Expected to Hold the Largest Share of the Robotic Process Automation Market

The report "Robotic process automation market is being employed in industries such as banking, financial services, and insurance; healthcare and pharmaceuticals; manufacturing and logistics; telecom and IT; retail and consumer goods; travel, hospitality, and transportation; energy and utility; government; and academic. The market for robotic process automation is estimated to reach USD 2,467.0 Million by 2022, at a CAGR of 30.14% between 2017 and 2022

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Browse 69 market data tables and 66 figures spread through 146 pages and in-depth TOC on "Robotic Process Automation Market - Global Forecast to 2022"

Key market players include Automation Anywhere (U.S.), Blue Prism (U.K.), IPSoft (U.S.), Nice Systems Ltd. (Israel), and Pegasystems (U.S.). They have been focusing on new product launches, research and development, acquisitions, and collaborations to enhance their product offerings and expand their business.



“Robotic process automation market for healthcare and pharmaceuticals will likely grow at the highest CAGR between 2017 and 2022.”

The rise in terrorism along with political unrest in different regions in the world is propelling the need for security screening all over the world. Various government legislations are formed to enhance the security screening at airports, to strengthen the surface transportation security and global supply chain security, to protect critical infrastructure, and to detect and prevent biological, radiological, and nuclear threats across the globe. Government regulations play a major role in the development of security screening products. In the U.S, a large numbers of the customers are government agencies and the demand for explosive detectors is dependent on national priorities and governmental initiatives.

"Robotic process automation tools expected to hold the largest share of the robotic process automation market by type.”

Automation Anywhere (U.S.) offers its services within a variable price range, depending on the business operations of various industries. The company is completely self-financed and has a high-margin business revenue model with a large client base, including Tesco PLC (U.K.), Dell Inc. (U.S.), PricewaterhouseCoopers LLP (U.S.), Australia and New Zealand Banking Group (Australia), and General Motors Corporation (U.S.). Along with desktop automation, the company also focuses on the development of Testing Anywhere MOBILE—a multi-platform test automation solutions for Android and iOS.

“North America expected to dominate the robotic process automation market between 2017 and 2022.”

NICE Systems Ltd., provides robotic process automation solutions for contact centers, back office operations, and retail functions of various industries, including communications, banking, insurance, and healthcare, BPO, government, utilities, travel, and entertainment. NICE Systems spent USD 128.5 million on R&D in 2015. NICE provides robotic process automation services to financial institutions to prevent fraud and money laundering activities, and comply with regulatory guidelines. The company helps the BFSI industry to prevent real-time and cross-channel fraud and money laundering, and ensure brokerage compliance and enterprise-wide case management. Its solutions monitor millions of financial transactions on a daily basis and enable organizations to reduce the risk of financial crime, improve compliance, and lower operational costs.

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Other companies in the robotic process automation market are Redwood Software (U.S.), Celaton LTD (U.K.), UiPath (Romania), Verint (U.S.), and Xerox Corporation (U.S.).

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Explosive Detectors Market valued by 6.12 Billion USD by 2020

The report "Explosive Detectors Market by Technology (Trace (IMS, Colorimetric, Mass Spectrometry), Bulk (X-Ray System, Neutron Method, Optical)), Product Type (Vehicle Mounted, Handheld, Robotics, Biosensors), Application, Geography - Forecast to 2020", The explosive detectors market size, in terms of value, is expected to grow from USD 3.56 Billion in 2015 to USD 6.12 Billion by 2020, at a CAGR of 11.4% between 2015 and 2020.

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Browse 73 market data Tables and 97 Figures spread through 183 Pages and in-depth TOC on "Explosive Detectors Market - Forecast to 2020"

With the intensified risk of terrorism in today’s world, security professionals at nuclear power plants, embassies, high-risk facilities, transportation, and government agencies are exploring explosives detectors as part of a comprehensive security approach to help protect the citizens and important infrastructure from these threats. As the frequency of terrorist attacks is increasing globally, the explosive detectors market is expected to gain traction in the next five years.



Various government legislations for enhanced security screening to drive the explosive detectors market

The rise in terrorism along with political unrest in different regions in the world is propelling the need for security screening all over the world. Various government legislations are formed to enhance the security screening at airports, to strengthen the surface transportation security and global supply chain security, to protect critical infrastructure, and to detect and prevent biological, radiological, and nuclear threats across the globe. Government regulations play a major role in the development of security screening products. In the U.S, a large numbers of the customers are government agencies and the demand for explosive detectors is dependent on national priorities and governmental initiatives.

Robotics-based explosive detectors to play a key role in the explosive detectors market

The market for robotics-based detectors is expected to hold the largest share of the explosive detectors market between 2015 and 2020 owing to their higher efficiency and greater levels of control. Robotics is expected to play a key role in changing the explosive detectors landscape. The recent advancements in unmanned systems have significantly increased the addressable market base of robotics explosive detectors.

Aviation vertical expected to hold largest market share

The aviation vertical is expected to hold the largest share of the explosive detectors market by 2020. The market for explosive detectors in the commercial sector is expected to grow at the highest rate between 2015 and 2020. The market is also expected to witness growth in the public places application during the forecast period.

North America expected to hold the largest market share, while Europe is expected to have the highest CAGR

North America is expected to hold the largest share of the explosive detectors market between 2015 and 2020, owing to the presence of a large number of security vendors. Europe also offers potential growth opportunities in the explosive detectors market. The recent terrorist attacks have highlighted the evolving nature of the terrorist threat.

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The major players in the explosive detectors market include Smiths Detection, Morpho Detection, L-3 Communication, OSI Systems, and Nuctech among others.

The scope of the report covers detailed information regarding the major factors influencing the growth of the explosive detectors market such as drivers, restraints, challenges, and opportunities. Detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the explosive detectors market.

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Augmented Reality Market valued by 61.39 Billion USD by 2023

According to the new research report "Augmented Reality Market by Offering (Hardware (Sensor, Displays & Projectors, Cameras), and Software), Device Type (Head-Mounted, Head-Up, Handheld), Application (Enterprise, Consumer, Commercial, Automotive) and Geography - Global forecast to 2023", the augmented reality market, the market is expected to grow from USD 2.39 Billion in 2016 to USD 61.39 Billion by 2023, at a CAGR of 55.71% between 2017 and 2023.

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The increasing demand for AR devices and applications in healthcare, increase in demand for AR in the retail and e-commerce, and rising investment in the augmented reality market are the major drivers for the augmented reality market.

Head-up displays to witness high growth during the forecast period
 
Head-up displays (HUDs) for the augmentation of images are presently used in automotive, and aerospace and defense sectors for training purposes; the HUD market is still in the developing phase and is likely to commercialize in the near future. The recent Consumer Electronics Show (CES) 2017 has come up with enormous opportunities and variations for head-up displays using the augmented reality. The head-up display with AR was one of the most talked about innovations in the CES 2017.

Head-up displays would be used for navigation in airplanes and automotives. The information such as the roadmap and the speed along with the other necessary details in the line of sight would be displayed at the windscreens and would help the driver drive safely. The use of head-up displays in the applications such as automotive, and aerospace and defense would help the market to grow at a higher rate.

Consumer application to lead the augmented reality market

The augmented reality technology offers remarkable results in terms of visual effects when used in gaming and sports broadcasts. There are some AR gaming applications in which players can create virtual objects and characters and then link those digital creatures to defined locations in the real world. Players can then easily interact with those digital objects in the real world. The demand for software apps is high in the consumer sector because all gaming applications are used in devices such as smartphones and tablets to play the games. Even in the entertainment application, the demand for the development of AR apps is high to enhance the user experience in different areas such as sports broadcasting, gathering information through social networking sites, and so on. The use of head-mounted displays for gaming and entertainment will also be a major boost to the augmented reality market.

APAC expected to hold a major share of the augmented reality market during the forecast period

Asia Pacific comprises China, Japan, India, South Korea, and Rest of APAC. Being an emerging economy, Asia Pacific is witnessing major changes in the adoption of new technologies and advancements. Due to the presence of most of the display panel manufacturers in the region, APAC witnesses an increasing adoption of latest technologies.

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Major players in the augmented reality market are Google, Inc. (US), PTC Inc. (U.S.), Microsoft Corporation (US), Wikitude GmbH (Austria), DAQRI LLC (US), Zugara, Inc. (US), Blippar (UK), Magic Leap, Inc. (US), and Osterhout Design Group (US).

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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.

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Construction Robot Market valued 166.4 Million USD by 2023

The construction robot market is valued at USD 76.6 Million in 2018 and is expected to reach USD 166.4 Million by 2023, at a CAGR of 16.8% between 2018 and 2023. The market is mainly driven by the factors such as enhanced productivity, quality, and safety due to the implementation of construction robots and growing urbanization worldwide.

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Construction robot market for exoskeleton to grow at highest CAGR during forecast period

The market for exoskeleton is expected to grow at the highest CAGR during the forecast period. The high growth of this segment can be attributed to the fact that most of the construction companies are expected to adopt exoskeletons for their workers to address the issue of labor shortage. The deployment of exoskeletons is likely to help workers to perform heavy work easily; hence, the use of exoskeleton is expected to improve work environment at construction sites.

Semi-autonomous construction robots held larger share of overall market in 2017

The semi-autonomous construction robots held a larger share of ~67.1% of the overall construction robot market in 2017. The need for broader and more efficient infrastructure, and improved infrastructure monitoring for predictive and corrective maintenance are the factors driving the market for the semi-autonomous construction robots.

Europe is major consumer of construction robots

Europe accounted for a major share of the overall construction robot market in 2017. The largest size of the European construction robot market is attributed to the large facilities of various companies for the development and production of the construction and demolition robots, increasing number of government regulations, and growing need for the residential and non-residential construction projects. Also, the European construction market is expected to grow tremendously in the coming years. The high rate of industrialization has increased the extent of construction activities in the region, leading to increasing demand for advanced construction equipment, such as robots.

The report profiles the most promising players in the market. The competitive landscape of the market is highly dynamic because of the presence of a significant number of big and small players operating in it. Key players in the market are Brokk (Sweden), Husqvarna (Sweden), Ekso Bionics (US), Komatsu (Japan), Fujita (Japan), Construction Robotics (US), Fastbrick Robotics (Australia), Autonomous Solutions (US), Conjet (Sweden), TopTec Spezialmaschinen (Germany), Apis Cor (Russia), nLink (Norway), Yingchuang Building Technique Co. (WinSun) (China), Advanced Construction Robotics (US), MX3D (Netherlands), CyBe Construction (Netherlands), CYBERDYNE (Japan), Giant Hydraulic Tech (China), Alpine Sales and Rental (US), and Beijing Borui Intelligent Control Technology (China).

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Most players have adopted the strategies of product launches and expansions to introduce new products to strengthen and diversify their product portfolios and to cater to the unmet and growing needs of customers with increasing geographic reach and strengthen their position in the global market. Other strategies adopted by these players include acquisitions, partnerships, and collaborations. These strategies have been adopted to diversify product offerings and technology portfolios, expand sales and distribution networks, reduce manufacturing costs, and increase market shares.

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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 5000 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.

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IoT Sensors Market valued by $22.48 billion by 2023

According to the latest market research report "IoT Sensors Market by Sensor Type (Pressure, Temperature, Humidity, Magnetometer, Gyroscope, Accelerometer, Image, Inertial), Network Technology (Wired and Wireless), Vertical (Consumer, Commercial, Industrial), and Geography - Global Forecast to 2023", the IoT sensors market is expected to be valued at USD 5.28 billion by 2018 and is projected to reach USD 22.48 billion by 2023, at a CAGR of 33.60% between 2018 and 2023. Major factors that drive the growth of the IoT sensors market include increased use of sensors in IoT devices and other applications owing to their reduction in size, plummeting costs, and technological advancements; introduction of 3 GPP Release 13 and Release 14 specifications; growth in internet penetration rate; high demand for connected and wearables devices; introduction of IPv6 creating larger address space; and importance of real-time computing for IoT applications.

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Pressure sensors to hold largest share of IoT sensors market during forecast period

Pressure sensors are expected to hold the largest size of the IoT sensors market by 2023. The market for pressure sensors is largely driven by the increased concerns regarding safety, comfort levels, and reduction in automobile emissions. The regulatory mandates requiring the compulsory installation of onboard diagnostics to reduce greenhouse gas emissions will further lead to the growth in the demand for pressure sensors.

Wireless network technologies to hold larger share of IoT sensors market during forecast period

Wireless network technologies are expected to hold a larger size of the IoT sensors market during the forecast period. The market for wireless network technology would be driven by the proliferation of mobile devices and rapidly increasing adoption of the bring-your-own-device (BYOD) concept as well as IoT within enterprises. The upcoming 5G cellular wireless technology is expected to provide much faster internet connectivity and coverage, which would also boost the market of wireless network technologies.

IoT sensors market for consumer vertical to grow at highest CAGR during forecast period

The IoT sensors market for consumer vertical is expected to grow at the highest CAGR between 2018 and 2023. The market is driven by the increased adoption of smart devices in home automation, smart cities, and wearables. The technological developments are leading to the advancements in consumer electronics such as smart home appliances and smart TV. Furthermore, the increasing involvement of domestic as well as multinational players to boost the IoT infrastructure has further fueled the growth of IoT across the globe, which would boost the demand for IoT sensors.

North America to hold largest share of IoT sensors market by 2018

North America is expected to hold the largest share of the IoT sensors market by 2018. The increasing internet usage in technologically advancing economies as well as the growing adoption of wireless sensors and networks across major applications such as industrial, automotive and transportation, healthcare, oil & gas, and consumer electronics propel the growth of the IoT sensors market.

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The companies profiled in this report are Texas Instruments (US), TE Connectivity (Switzerland), Broadcom (US), NXP Semiconductors (Netherlands), STMicroelectronics (Switzerland), Bosch Sensortec (Germany), TDK (Japan), Infineon Technologies (Germany), Analog Devices (US), Omron (Japan), Sensirion (Switzerland), Honeywell (US), Siemens (Germany), General Electric (US), SmartThings (US), Monnit (US), Murata Manufacturing (Japan), Sensata Technologies (US), Silicon Laboratories (US), and Libelium (Spain).

This report describes the market trends, drivers, restraints, opportunities, and challenges for the IoT sensors market and forecast till 2023. The report also includes the value chain analysis of the market along with a detailed view of the market across 4 major regions North America, Europe, Asia Pacific, and Rest of the World (South America and MEA). The report profiles the 20 most promising players in the IoT sensors market.
 
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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.

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Biometrics System Market by Authentication valued by $41.80 billion by 2023

According to the new market research report "Biometric System Market by Authentication Type (Single-Factor and Multifactor), Functionality Type (Contact, Non-Contact, and Combined), Component (Hardware and Software), Application, and Geography - Global Forecast to 2023", the biometrics system market is estimated to grow from USD 16.80 billion by 2018 to USD 41.80 billion by 2023, at a CAGR of 19.99% between 2018 and 2023.

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The biometrics system market has huge potential in application such as government; military and defense; and travel and immigration. Major factors driving the growth of this market are the increasing number of government initiatives to adopt biometrics, and growing need for surveillance and security owing to the threats of terrorist attacks.

Single-factor authentication to hold larger share of biometrics system market by 2018

Single-factor authentication systems are fast, easy to install, and cost-effective compared to the multifactor authentication systems. Modalities such as fingerprint, face, and iris are among the most prominent technologies, especially in the government, travel and immigration, and banking applications.

Pin with biometrics to hold largest share of the biometrics system market for multi factor authentication by 2018

The systems based on both biometrics and PIN are cost-effective and use a secure method for authentication compared to other multifactor authentication systems. Thus, banks and financial institutions are extensively using biometrics combined with PIN to authenticate and verify the transactions of an account holder.

Travel and immigration to hold largest share of biometrics system market from 2018 to 2023

The increasing demand for biometrics systems in travel and immigration applications is attributed to the growing need for security across border-crossing points (BCPs) as well as to the elevating implementation of biometrics system owing to increasing travel and tourism activities across these points.

North America to hold largest share of biometrics system market by 2018

North America is the largest market for biometrics technologies owing to the presence of key biometrics system manufacturers such as Aware and Cross Match Technologies. The growth of the North American market can be attributed to the increasing government initiatives in North American countries such as the US, Canada, and Mexico for large-scale funded programs such as e-passports and e-visas.

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Companies profiled in the report are Safran (France), NEC (Japan) Thales (France), Fujitsu (Japan), ASSA ABLOY (Sweden), Precise Biometrics (Sweden), Aware (US), Secunet Security Networks (Germany), Cross Match Technologies (US), and Stanley Black & Decker (France). This report also covers the following prominent players: Cognitec Systems (Germany), Daon (US), Facebanx (UK), BIO-key International (US), Securiport (US), M2SYS Technology (US), Suprema (South Korea), Qualcomm (US), Fulcrum Biometrics (US), and VASCO Data Security International (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.

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The augmented reality and virtual reality market during the forecast period worth 60.55 Billion $ and 34.08 Billion $ by 2023

The augmented reality market was valued at USD 11.14 Billion in 2018 and is expected to reach USD 60.55 Billion by 2023, growing at a CAGR of 40.29% during the forecast period. The increasing demand for AR devices in healthcare, growing demand for AR in retail and e-commerce, and rising investment in the augmented reality market are the major drivers for the augmented reality market. The limited user interface (UI) affecting the navigation performance of AR applications, limited processing power, less storage, and restricted size of the memory card in mobile phones, and varied infrastructure quality of digital network will restrain the growth of AR.

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The enterprise and commercial application is expected to witness a high growth in the virtual reality market in the near future. The enterprise and manufacturing application is expected to use VR for training, safety inspection, and quality assurance and risk management. VR can be used in manufacturing to conduct a comprehensive QA check, as well as manage risks. This can be achieved with periodic review of products using VR. VR can be used to train employees for smoother operations and higher accuracy. VR offering immersive environment helps in providing enhanced training experience to the employees.

Major players in the augmented reality and virtual reality market are Sony (Japan), Oculus (US), Samsung (South Korea), Google (US), PTC (US), HTC (Taiwan), Microsoft (US), Wikitude (Austria), DAQRI (US), Zugara, (US), Blippar (UK), Osterhout Design Group (US), Magic Leap (US), Upskill (US), Continental (Germany), Visteon (US), Eon Reality (US), and Vuzix (US).

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Healthcare and architectural applications are the two major opportunities for VR and AR. AR can be used to project digital information on architectural models. It can also be used to experience the interior of a building even before its construction. This will help the architects get a virtual image of the project. Streamlining the construction process is another application in the construction industry using AR. However, VR is rapidly gaining importance among medical professionals and is expected to play an important role in assisting doctors and surgeons in the near future. Head-mounted displays (HMDs) are widely accepted in the medical field, and with advanced interfaces medical professionals can perform surgeries easily and also provide post-operative care through VR simulation. HMD can thus make the healthcare sector more proactive in treating patients, and the increase in accuracy is expected in the next 5–7 years. The market players can come up with the AR and VR software solutions and apps required in the architecture and healthcare application.

APAC expected to hold a major share of the augmented reality and virtual reality market during the forecast period

APAC comprises China, Japan, India, South Korea, and Rest of APAC. Being an emerging economy, APAC is witnessing major changes in the adoption of new technologies and advancements. Owing to a large number of display panel manufacturers in the region, APAC witnesses an increasing adoption of latest technologies. The rising investments in commercial and defense applications and its security applications would also boost the growth of the AR and VR market in this region. Also, the growing healthcare and automotive market in Japan would drive the growth of AR technology.

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