Knowledge Sourcing Intelligence Blog

Introduction The automatic power factor controller market was valued at US$3.773 billion in 2018 and is projected to grow at a CAGR of 5.15% over the forecast period to reach US$5.101 billion by 2024. The automatic power factor controller is basically used to automatically improve the power factor whenever it falls below a certain level. Burgeoning need for power factor correction in electrical distribution systems on account of the growing consumption of electricity is playing a crucial role in the increased demand for automatic power factor controllers.  Rising usage of consumer appliances and devices and automotive devices are putting a significant amount of inductive load on the electrical distribution system, thus driving the need to maintain the power factor at any time. Also, the growing demand for electric vehicles across the globe is leading to an increased number of charging stations that require automatic power factor correction (PFC) cont...

INTRODUCTION The global system integration market was valued at US$302.210 billion in 2017 and is projected to expand at a CAGR of 8.04% over the forecast period to reach US$480.620 billion by 2023. System Integration is the process of integrating all the physical and virtual components of an organization’s system. It is used to add value to an organization’s system through new functionalities provided by connecting functions of different systems. Increasing pressure on organizations to improve customer experiences, align to tech trends faster, and meet regulatory standards are compelling them to move to system integration so as to streamline their services for the customers.  Increased focus of companies on reducing their operating cost is driving the demand for system integration. Companies across industries such as ICT, retail, government, and others, are increasingly adopting advanced technologies such as big data, cloud, Internet of Things (IoT) from multiple vendo...

Introduction The global multilayer ceramic capacitor (MLCC) market is projected to grow at a CAGR of 4.02% during to forecast period to reach a market size of US$5.157 billion in 2023, from US$5.056 billion in 2017. The major factors driving the demand for MLCC is the rising global demand for consumer electronics and electric vehicles. Favorable government regulations coupled with the increasing demand from various end-user industries such as automotive, communication and technology and consumer electronics will further propel the demand for MLCC. However, the possibility of MLCC to crack under thermal or mechanical stress will hinder the demand for MLCC over the forecast period.   Market Research  is done by the knowledge sourcing industry due to the huge scope with the respective industry. Geographically, the global multilayer ceramic capacitor (MLCC) market has been segmented as North America, South Ame...

Introduction The global iris recognition market is projected to grow at a CAGR of 18.54% over the forecast period, increasing from US$563.329 million in 2018 to reach a total market size of US$1,318.720 million by 2023. Iris recognition analyzes various parts of the eye for authentication and monitoring applications, making it one of the most secure technologies currently available, as it cannot be forged and is effective even if the subject has undergone an eye surgery or is wearing glasses.  The major factors driving the demand for iris recognition solutions are- increasing security concerns among the government organizations and rising adoption of advanced technologies across various industry verticals. The Asia Pacific region will grow at a significant rate across the forecast period on account of product integration by major companies dealing in smartphones, tablets and other devices to offer new products to their customers ...

INTRODUCTION Global Workplace Transformation market is projected to witness a CAGR of XX.XX% during the forecast period to reach a total market size of US$XX.XX billion in 2023, increasing from US$XX.XX billion in 2017. Rapidly evolving industries and increasing competition in the markets are some of the major factors driving the need for workplace transformation services.  Owing to the persistent need to keep up with the dynamic market trends and meet the demand originating from expanding customer base while reducing operational costs, the adoption of new technologies is witnessing a steep growth and is expected to follow the trend over the projected period.  Market Research  is done by knowledge sourcing industry due to huge scope with respective industry. sample view of  workplace transformation market  share Increasing Adoption of Transformational Analytics Practices Continuous advancements in the Internet of Things (IoT) and ...

Introduction The global 3D Projector market will witness a CAGR of 25.20% between 2017 and 2022. Advancement of 3D technology is the major driver of global 3D projector market. Increasing use of 3D projectors for educational purposes is fuelling the demand for 3D projectors in schools and college universities. Rising disposable incomes and living standards has resulted in booming demand for 3D projectors for home theatre, thereby positively impacting the growth of global 3D projectors market. Growing adoption of 3D projectors by gaming industry will propel the growth of global 3D projector market during the forecast period. However, need for huge funds by end users for installation and maintenance will restrain the growth of global 3D projector market. The global  3D Projector market  will witness a CAGR of 25.20% between 2017 and 2022. Advancement of 3D technology is the major driver of global 3D projector market. Increasing use of 3D projectors f...

INTRODUCTION Biodegradable plastic packaging market is projected to witness a compound annual growth rate of 12.37% during the forecast period to reach a market size of US$10.132 billion by 2023, increasing from US$5.033 billion in 2017. Growing environmental concerns coupled with stringent regulatory standards has led the plastic manufacturers to develop biodegradable plastic.  Manufacturing of biodegradable plastics requires less amount of energy and they do not need fossil fuels to be recycled. Rising demand for sustainable packaging solutions across industries such as food and beverage and pharmaceuticals is fueling the demand for biodegradable plastic packaging , thus bolstering the growth of global biodegradable plastic packaging market. Market Research is done by knowledge sourcing industry due to huge scope with respective industry. sample view of biodegradable plastic packaging market share Biodegradable Plastic Packaging Market by Typ...