U.S. Specialty Household Cleaners Market Likely to Surpass $7.96 Billion by 2024

31 October 2018, The U.S Specialty Household Cleaners Market is expected to reach USD 7.96 billion by 2024, driven by adoption of a healthier lifestyle and growing concern of infectious diseases. Increasing preference for proper hygiene and sanitation standards is anticipated to boost the specialty household cleaners market. Also, stringent efficacy and guidelines stated by the U.S. Environmental protection Agency (EPA) will further regulate the acceptance of these specialty cleaning products as the companies claiming the products to kill the germs need to abide by the regulations and policies stated by the U.S. EPA.

The exact concentration of these products can deliver optimum performance or else can result in hazardous health concerns and slip & trip accidents causing severe physical injuries. Hence, it is crucial to use the appropriate concentrations of specialty cleaners. Growing need for healthy & hygienic surroundings is anticipated to boost the demand for these products in the U.S. In 2016, hard surface cleaners segment accounted for 44.2% of overall market share, and it is anticipated to continue its dominance over the forecast period.

The American Cleaning Institute (ACI) in the United States has created awareness amongst the public regarding benefits of regular disinfection and sanitization at home and other surroundings. Hence, the specialty cleaning products have become indispensable and lead to their enhanced acceptance and purchase. These cleaning products are available in the form of wipes, foams, liquids, gels, aerosols, sprays and granules.

U.S. Specialty Household Cleaners market revenue, by material, 2016 (%)

In 2016, toilet bowl cleaners were valued at USD 1.05 billion. Products used for toilet bowl cleaning are designed to maintain spotless and hygienic conditions. In 2016, cleaning products in bathroom applications accounted for 45.2% of overall market share, and it is estimated to continue its dominance over the forecast period.

Increasing awareness regarding the spread of diseases and infections is anticipated to boost the demand for bathroom cleaners. On the other hand, kitchen surfaces and platforms are affected by ants, mice, rats, and cockroaches hence, their proper and frequent cleaning is essential to ensure good ambiance. The essential need for clean and disinfected kitchen environment is anticipated to increase the demand for kitchen cleaning products.

Key market players are implementing mergers and acquisition strategies to enhance their sustainability and expand their presence in global market. The consumer specialty products association (CSPA) is the premier U.S. trade association engaged in the manufacture, formulation, and distribution of consumer goods to maintain the clean and healthy environment.

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Hexa Research has segmented the U.S. specialty household cleaners market based on Product and Application:

Segmentation by Product, 2014 - 2024 (USD Million)

• Hard Surface Cleaners

• Glass Cleaners

• Toilet Bowl Cleaners

• Metal Polishes

• Other

Segmentation by Application, 2014 - 2024 (USD Million)

• Bathroom

• Kitchen

• Other

Key Players Analyzed:

• The Clorox Company

• Reckitt Benckiser Group plc

• S. C. Johnson & Son, Inc.

• Procter & Gamble

• Church & Dwight Co., Inc.

• Henkel AG & Co. KGaA

• Kao Corporation

• Unilever

• Colgate-Palmolive Company

• Seventh Generation, Inc.

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M2M Wireless Network Services Forecasts, 2015 to 2025

30 October 2018, The global M2M Wireless Network Services Market is expected to witness significant CAGR over the forecast period. These services provide uninterrupted communication among two or more machines. Upward trends such as Bring Your Own Device (BYOD) and Internet of Things (IoT) are anticipated to boost demand for these networks in near future.

Mobile network operators are looking for alternative means to earn more revenue. Global telecom industry is finding new revenue generation opportunities with the advent of digitization and a rising mobile subscription base. This is anticipated to positively influence adoption of these services in near future. New financial gain opportunities for mobile network operators are expected to fuel the global market in the forthcoming years.

A subscriber base of more than five billion makes telecom one of the largest industries. However, even the increasing client base has failed to increase revenue for telecom operators due to the presence of intense competition. Constant pressure of competitive price drops is expected to challenge growth of the global telecom industry over the forecast period. This factor is poised to play a crucial role in expansion of the market for machine to machine cellular networks.

Rapid growth of cloud computing is anticipated to drive demand over the forecast period. Also, increasing use of smartphones is expected to impel demand for cellular services. High penetration of smartphones across the world is anticipated to create growth opportunities for key market players during the forecast period. Availability of fast connection between end-to-end devices, coupled with higher broadband usage, is also expected to drive their adoption. Low cost of and power consumption by wireless services are anticipated to further fuel growth.

Customers are gradually shifting from voice services to data services as a consequence of technological developments. Increasing M2M services have contributed to rise in data traffic. Both these factors are expected to boost market in near future. Presently, customers are ready to shell out higher prices to avail improved offerings suitable for their individual requirements. Existing telecom infrastructure and coverage are expected to drive adoption of value added data services over the next few years. Moreover, proliferation of government standards and regulations and increased number of value added services are expected to fuel industry demand over the forecast period.

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Growth in digital content and requirement for digital content management are anticipated to boost revenue growth over the forecast period. Alliances across hardware and software specialists, analytics software, communication hardware, and mobile operators are expected to favor industry growth. Reducing cost of wireless bandwidth and hardware will drive industry growth over the forecast period. However, B2C and B2B applications are expected to drive cellular machine to machine market in near future.

M2M solutions require connectivity, maintenance, data hosting, software updates, and additional services running simultaneously to deliver complete solutions to end users. Therefore, maintaining coordination among all the members of M2M value chain is one of the key challenges for market growth. Absence of communication infrastructure may also hamper demand over the forecast period. However, rising adoption of mobile technology is expected to drive growth. Moreover, adoption of emerging next generation technologies is also expected to boost demand for wireless network solutions.

North America, Asia Pacific, Middle East and Africa, Europe, and Latin America are major regions in global market. North America is anticipated to witness the highest market growth in terms of revenue over the forecast period. It is also expected to observe maximum growth followed by Asia Pacific and Europe. Stern government regulations to protect environment are projected to drive regional growth. Many companies are adopting green technologies to reduce power consumption and wastage. Significant rise in adoption of M2M wireless networks in countries Japan, U.K., and U.S. is anticipated to further fuel market development over the forecast period.

Key players operating in the M2M wireless network services market include Verizon, China Mobile, Vodafone, and AT&T. Other prominent companies include T-Mobile, Telenor, China Telecom, KPN, Orange, Sprint, Deutsche Telekom AG, and Telefonica. The companies are making R&D investment to provide consistent speed, capacity, and reliability across different regional markets. Adoption of numerous innovative technologies such as antenna beam forming and carrier aggregation are projected to provide fillip to adoption.

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Global Anesthesia Equipment Market Forecasts, 2015 to 2025

29 October 2018, The global Anesthesia Equipment Market is expected to observe rapid development over the forecast period. This growth can be attributed to the rising cases of planned surgeries and need for minimizing anesthesia-related risks to healthcare personnel, as well as patients. Increasing cases of respiratory illnesses, such as obstructive sleep apnea (OSA) and chronic obstructive pulmonary disease (COPD), are the primary drivers for this market. Anesthesia equipment is designed to provide a precise and continuous supply of medical gasses such as nitrous oxide and oxygen.

It is mixed with an accurate concentration of anesthesia vapor, such as isoflurane, and is given to the patient at a safe pressure. These devices are being used in all the operations and help in monitoring anesthesia levels throughout the procedure. Growing geriatric population base across the globe is another major reason behind the growth of this market. High prevalence of chronic diseases, due to difficult working conditions like working in coal mining areas, along with growing number of minimally invasive surgeries would also drive the market.

In addition, rapid technological advancements taking place in these products are expected to lead towards the availability of better options for healthcare practitioners and patients, thereby increasing the market demand. Moreover, rising levels of air pollution are also anticipated to contribute toward the market growth over the next few years.

North America and Europe are considered as key regional markets owing to presence of advanced medical facilities. Higher healthcare expenses capacity and shifting preference of patients toward home care over hospital care in these regions are boosting product demand. In addition, favorable government policies in these regions are also anticipated to propel the market growth in these regions in the years to come.

The Asia Pacific region is also expected to have significant growth over the next few years. This growth can be credited to the rising healthcare awareness and consumer disposable income levels. India and China, in particular, are more promising economies in the Asia Pacific region due to increasing number of hospitals as a result of the presence of target population base. Some of the key companies in the global anesthesia equipment market are Philips Healthcare; GE Healthcare; Spacelabs Healthcare; Smiths Medical, Inc.; Supera Anesthesia Innovations; Infinium Medical Co.; Dameca A/S; and Drägerwerk AG & Co. KGaA.

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Most of the companies in this market have adopted strategic initiatives such as product development, M&A, and partnerships and collaboration to gain a higher market share. For instance, in January 2013, Supera Anesthesia Innovations, a provider of oxygen concentrator technology for veterinary anesthesia applications, launched Pureline OC6200. This product enables users to convert VMS MATRX veterinary anesthesia equipment to cost-effective oxygen concentrator without fully replacing the existing equipment. It is equipped with the features such as E-tank, low center of gravity for extreme stability, heavy-duty locking casters, large shelf with additional storage features and super-sturdy construction.

In October 2013, Philips launched a new product called IntelliSave AX700. It offers support for low-flow and minimal flow anesthesia, as well as extensive ventilation capabilities. The new machine features IntelliBridge, which allows the transfer of data from the device to an anesthesia/clinical information system like Philips IntelliSpaceAnesthesia or hospital information system, advanced ventilation modes like pressure regulated volume target, or individual support for neonatal or heart-lung machine scenarios.

The company also launched IntelliVue MX400 and MX450, a monitoring device, during the same period. The new monitoring device offers patient monitoring feature, a built-in handle that can accommodate shifting center of gravity for enhanced portability. In October 2014, Drägerwerk AG & Co launched Perseus A500 anesthesia workstation. It offers unprecedented re-configurability, high-performance ventilation, enhanced ergonomics, and automation to support the workflow of the operating room. 

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Botanical Supplements Market is Likely to Touch USD 36.78 Billion by 2025

28 October 2018, The Global Botanical Supplements Market size is expected to reach USD 36.78 billion by the end of 2025. Growing concerns regarding glutamic disorders among adult population in countries, such as U.S. and Germany are projected to propel market growth. In addition, rising awareness about Cardiovascular Disease (CVDs) and type 2 diabetes is expected to have a positive impact on the botanical supplements market growth.

Powder botanical supplements are expected to remain one of the key product segments. Nutraceutical companies are spending on the production of energy-mix products for health & wellness applications. The capsules and tablets segment also present considerable growth opportunity.

Global botanical supplements market size, by application, 2014 - 2025 (USD Billion)

Geographically, Asia Pacific is expected to remain the largest regional market, accounting for over 40% of the overall revenue share.

In the Asia Pacific region countries, such as India and China, are anticipated to offer numerous growth opportunities for the market. The implementation of AYUSH (Ayurveda, Unani, Siddha, and Homeopathy) Policy by the government of India and positive outlook towards medical nutrition in China are expected to remain favorable trends for the market. Supportive government policies, such as Saudi Vision 2030, aimed at promoting investments in various sectors including nutraceuticals are also likely to open new growth avenues for the market.

Rising cases of gastrointestinal disorders are also estimated to contribute towards the industry development. Moreover, growing health consciousness is expected to promote the usage of plant-based protein supplements derived from pumpkin seed and spirulina. This trend will also help boost the market expansion.

Some of the key companies in the market include Glanbia Nutritionals; The Archer Daniels Midland Company (ADM); Arizona Natural Products; Botanicalife International of America, Inc.; and Blackmores Limited. Effective distribution channels are expected to help companies strengthen their market position. These companies are also focusing on strengthening their presence by leveraging distribution channels.

Over the past few years, emerging economies, such as China and India, have been focusing on infrastructural development in major cities including Shanghai, Hangzhou, Chengdu, Hyderabad, Bangalore, and Pune. This has offered development opportunities for the market participants.

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Hexa Research has segmented the global botanical supplements market report based on source, product, application, end-use and region:-

Segmentation by Source

    • Leaves

    • Barks

    • Fruits & Vegetables

    • Roots

Segmentation by Product

    • Capsules & Tablets

    • Powder

    • Liquids

Segmentation by Application

    • Additional Nutrition

    • Medicinal & Infant Nutrition

    • Sports Nutrition

Segmentation by End-use

    • Infant

    • Children

    • Adults

    • Pregnant Women

    • Old-aged

Segmentation by Region

    • North America

        • U.S.

    • Europe

        • Germany

        • U.K.

    • Asia Pacific

        • China

        • India

        • Japan

    • Central & South America

        • Brazil

    • Middle East & Africa

        • South Africa

Key players analyzed:

    • ADM

    • Glanbia PLC

    • Herbalife International of America, Inc.

    • Blackmores Limited

    • Nutraceutical International Corporation

    • NBTY, Inc.

    • Arizona Natural Products

    • Ricola AG

    • Naturalife Asia Co., Ltd.

    • Bio-Botanica Inc.

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Fracking Fluid and Chemicals Market Forecasts, 2015 to 2025

26 October 2018, The Global Fracking Fluid and Chemicals Market is anticipated to witness steady growth over the forecast period. These are utilized in hydraulic fracturing for the recovery of oil and shale gas. This stimulus is typically carried out once throughout the productive existence of a well and it helps in eradicating gas and oil, thus improving well efficiency. This factor is anticipated to drive the market growth over the forecast period.

Integral components of fracking chemicals and fluids differ depending on the type of fracturing, situations of wells, and condition of water in the field. A typal fracture treatment uses around three to 12 chemical additives. This process is initially employed to extract coalbed methane (CBM), unconventional liquids, shale gas, tight gas, and other products which are hard to convalesce through usual drilling processes.

Growth in adoption of unconventional resources of gas and oil such as shale and CBM is expected to drive market over the forecast period. Many recognized businesses are using hydraulic fracturing for conventional gas and oil resources. Growing concern among countries regarding safe energy resources is anticipated to further impel market expansion. Requirement of fuel for industrial and domestic consumption is expected to further boost market over the forecast period.

The market has acknowledged backward integration of companies into manufacturing of fracking chemicals and fluids. Hydraulic fracturing enterprises have set up different departments for the expansion of oilfield chemicals that produce fluids and chemicals with the required properties. Demand from areas with potential for unconventional gas reserve is expected to bode well for product demand in near future.

Efforts for energy sovereignty are expected to drive the market over the forecast period. Various countries are eager to ascertain energy security. Hence, many government bodies are adopting wide-ranging alternatives to natural gas. For example, utilization of natural gas as fuel source for vehicles. Low price of natural gas is also expected to drive the demand.

However, widespread opposition owing to harmful impact of hydraulic fracturing on environment is anticipated to hinder growth of the global market. Ecological effects such as climate change, air pollution, rising risk of earthquakes, higher water consumption, and water contamination are some of the biggest challenges for the market. Various countries have laid down stern regulations over utilization of hydraulic fracturing. This factor is also expected to challenge market expansion to an extent.

Having said that, the objective of these countries to accomplish energy security through domestic gas production is expected bode well for market growth. Rising concerns regarding the consumption of water in restricted supply regions and other environmental hazards can be tackled by using foam-based fluids. This alternative utilizes less water and could assist companies in addressing concerns over ecological effects of fracturing.

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North America, Europe, Africa, Asia Pacific and Middle East are the major geographic regions in the market. Augmented fracturing activities to boost extraction of gas and oil from North American reserves is poised to drive regional market. Asia Pacific is projected to register fastest growth over the forecast period on account of rapid technological advancements and high demand for energy resources.

Socioeconomic and industrial growth in emerging economies is driving the fracking fluids market in Asia-Pacific, Africa, and Latin America. Cross-linker, biocide, corrosion inhibitor, gelling agent, adjusting agent, surfactant, friction reducer, breaker, clay stabilizer, pH adjusting agent, and acids and scale inhibitors are some of the prominent types of liquid bases used in the industry. Fracking is performed on the basis of foam-, water-, and gelling oil-based fluids.

Some of the key players in the global fracking fluid and chemicals market are Akzo Nobel, FTS International, Baker Hughes, Calfrac Well Services, Trican Well Services, Clariant, BASF, Dow Chemical, Halliburton, Albemarle, Chevron Phillips Chemical, Weatherford, Solvay and DuPont. Key companies are Baker Hughes, Schlumberger, and Halliburton. All of these companies are integrating their business processes to develop fracking fluids and chemicals. Hands-on knowledge of top players in hydraulic fracturing gives them the advantage to produce the most suitable materials.

The market is highly fragmented on account of a vast number of industry players. However, it is strengthened by the top three companies capturing the larger share of the overall market. The fracking products are processed further by the hydraulic fracturing service providers themselves through vertical integration or are resourced from chemical manufacturers. The market is highly fragmented on account of a vast number of industry players.

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Kidney Cancer Drugs Market Analysis, Forecasts 2015 to 2025

25 October 2018, The global Kidney Cancer Drugs Market is expected to grow at a healthy rate during the forecast period. Renal Cell Carcinoma (RCC) is one of the most common types of urologic tumors in adults. It accounts for around 2% of all new cases of tumor in humans. However, clinical removal of the cancerous cells is vital for a total cure from the disease. Until last few decades, surgical removal of kidneys. This treatment method was later replaced by laparoscopic removal of tumor-affected area. Medicines are generally prescribed to cure tumors at advanced stage of disease progression.

Early diagnosis is vital when it comes to treatment of this disease. Various treatment methods such as immune modulation therapy, Vascular Endothelial Growth Factor (VEGF) inhibitors, and cytokine therapy are utilized to cure the tumor. Additionally, variety of drugs are available for the treatment of diseases like kidney cancer when identified at an early stage. Hence, governments and healthcare organizations are engaging in awareness drives for early detection. This factor is anticipated to bode well for market over the forecast period.

Prevalence of RCC is projected to increase in near future owing to factors such as rising obesity and number of smokers and reduced physical activities due to changing lifestyle. Symptoms of renal cancer are similar to several other kidney disorders, which make it difficult to get detected. This factor also reduces survival rate among patients who are mostly diagnosed with RCC during routine checkups for some other medical conditions.

The global market is majorly driven by changing lifestyle of the global population. Predominance of lifestyle influenced diseases is one of the major driving factors. Excessive smoking and alcohol consumption lead to chronic diseases including different types of cancer. This factor is expected to fuel the market for kidney cancer medicine in the forthcoming years. Rising geriatric population prone to chronic diseases is projected to propel demand for these medicines in the years to come.

Preference for these drugs over targeted remedies is anticipated to bode well for growth of the global market over the forecast period. Also, availability of a limited number of approved drugs is one of the factors assisting product demand. Kidney cancer medicines are one of the life protracting treatment options available for patients suffering from advanced stage of metastatic tumor. Furthermore, occurrence of this disease is expected to be higher in developed countries compared to developing regions. This factor is expected to impel demand for these medicines from regions like North America and Europe.

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However, high price of branded drugs is projected to hinder overall growth over the forecast period. As a result, generic medicine variants are preferred over their branded counterparts. This factor is anticipated to obstruct market development in the forthcoming years.

Primary branded medicines in the global kidney cancer drugs market include Nexavar (Sorafenib), Inlyta (Axitinib), Avastin (Bevacizumab), Votrient (Pazopanib), Afinitor (Everolimus), Sutent (Sunitinib), Torisel (Temsirolimus), and Proleukin (Interlukin-2/Aldesleukin). Sutent was one of the highly demanded medicine types in the past. However, drugs like Votrient are also anticipated to witness substantial demand over the forecast period. At present, most potential drugs are in phase II and III clinical trials. Medicines such as Keytruda, AGS-003, Opdivo, Cabozantinib, and Dovitinib are projected to be commercialized and launched in the years to come.

North America accounted for a prominent market share in the past. High prevalence of kidney cancer and other kidney diseases is the primary growth driver. Additionally, U.S. is the largest market for pharmaceuticals. This factor is anticipated to bode well for the growth of the regional demand for kidney cancer drugs. Asia Pacific is estimated to witness significant growth over the forecast period. Lower cost of drug production, high disease prevalence, and rising awareness among healthcare professionals as well as consumers are projected to drive regional growth in the forthcoming years.

The global market is highly consolidated and displays high competition among key participants. Major pharmaceutical giants in the market include Pfizer Inc.; Bayer Pharma AG; GlaxoSmithKline Plc; Hoffman-La Roche; and Novartis AG. Major companies are capitalizing heavily on research and development and adopting strategies like collaborations, new product launches, business expansions, and innovation to uphold their market share.

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Antibiotics Market Analysis and Forecasts 2015 to 2022

25 October 2018, The Global Antibiotics Market is expected to foresee significant growth over the forecast period. An antibiotic is a type of antimicrobial used to treat a number of bacterial infections and to slow down the growth of such infections in the body. The global market for antibiotics is witnessing immense growth due to rising investments in research and development activities along with continuous product innovations by major companies. Rising awareness regarding the advantages of antibiotics, particularly in Asia Pacific, is also likely to drive the market. Companies that accounted for most of this increase were based in regions including China, Brazil, India, Russia, and South Africa.

Product consumption varies significantly in different countries as per demand. Two classes of antibiotic drugs including carbapenems and polymyxins have shown increase in the consumption in past few years and this trend is expected to continue even during the forecast period. Over the past few years, numerous companies have been engaged in product manufacturing and about 79% of the global demand is covered by aminoglycoside. There are various products present in the market such as tetracyclines, penicillin, erythromycin, chloramphenicol, and streptomycin. Factors such as rising demand for effective drugs and increasing prevalence of infectious diseases, especially in emerging economies including Middle East, Africa, Latin America, and Asia Pacific, are significant growth drivers for the market.

This trend is expected to continue over the next few years. Rising geriatric population is also anticipated to contribute toward the market expansion in the years to come. The main challenge this industry is facing is emergence of drug resistant strains. As in the category of drugs, antibacterial drugs have various unique characteristics, which make them little less profitable and therefore less attractive investments. These drugs are prescribed for short course of time, anywhere from 4 days to 2 weeks as compared to the medications for cholesterol and anti-hypertensive patients, which last for several years or decades. Innovation in technical development is the key opportunity for the market. Numerous companies in this field are continually investing to develop new, advanced products in order to increase their product portfolio.

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Major attention is focused on research and development of vital but less profitable antibacterial drug for the companies to sell at a premium price. The demand for antibiotics is rising particularly to treat children with pneumonia and sepsis. In most countries, 20% of the product is used by healthcare facilities and hospitals while 80% is used by the community. These are either purchased directly by the consumers or are prescribed by the healthcare providers.

Antibiotics can be classified into seven major classes namely phenicols, quinolones, macrolides, sulfonamides, aminoglycosides, tetracyclines, and beta lactams. Around half of the market share was claimed by beta lactams class in the past. The second largest class was quinolones. However, the market will experience a decline as a result of the adverse effects on sales due to patent expiries. However, fluoroquinolones/quinolones is expected to foresee a significant demand in the market over the forecast period as they are used in treating a large number of infections.

Some of the key companies operating in the global market are Pfizer, Inc.; Abbott Laboratories; GlaxoSmithKline PLC; Daiichii Sankyo Company Limited; Bayer HealthCare Pharmaceuticals LLC; Astellas Pharma, Inc.; Merck & Company, Inc.; Roche Holding AG; Bristol-Myers Squibb Co., Cubist Pharmaceuticals, Inc.; GlaxoSmithKline Plc; Pliva d.dd; Toyama Chemica Co. Ltd.; Takeda Pharmaceutical Company. Ltd.; Johnson & Johnson; LG Life Sciences Limited; and Eli Lilly and Co. Pfizer Inc. contributed to the largest share in the past, followed by GlaxoSmithKline PLC and Merck & Company, Inc. With very few patented products available at present, generic manufacturers are leading the global market for antibiotics.

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Architectural Services Market Analysis, Research and Report

24 October 2018, The global Architectural Services Market is expected to grow at a considerable rate over the forecast period. Increasing trend of service outsourcing across various industry verticals is expected to drive the industry growth. Contractors rely on the government regulations, which help them deliver the right design to the right person at the right time. Thus, favorable government policies and focus on the sustainable development of the environment and urban designs are likely to fuel the market expansion. Demand is dependent on the investments being made on the buildings and large-scale projects in the metropolitan cities across the globe. Such emerging cities promise immense growth opportunities for the builders and contractors.

The industry includes companies that plan and design institutional, residential, leisure, industrial, and commercial buildings. Some of such major firms hold significant shares of the global industry. The application of design and construction procedures, building codes, zoning regulations, and building materials are some of the techniques utilized to perform architectural services. The industry can be subdivided on the basis of products, industry activities, and potential clients. Some of the industry products include building design, interior design, planning, pre-design, landscape and urban design, and construction project management.

Architectural Services

Major industry activities include basic designing, providing construction phase services, restoration, planning and providing building fit-out services; while potential clients can be home owners, developers, government, and contractors. Home owners segment may account for a major market share due to higher number of residential projects and buildings. The use of Computer-aided Design (CAD) is on the rise due to enhanced global connectivity. The drawings can be transferred electronically to any part of the world making it easier to communicate the changing trends and needs of the customers with other developers or contractors.

Economic slowdown across several regions and increasing focus on sustainable building techniques may challenge the market in the coming years. However, increased consumer purchasing power across many developing regions is anticipated to have a positive impact on the market development. People are able to afford the best designs thereby helping contractors pump huge investments into the business, creating a positive outlook and room for new designs in the future. Thus, increasing investment in the global construction industry is a positive sign for the architectural services market. The value of both residential and non-residential buildings has increased over the past few years. The cost cutting patterns of various companies have also improved the profit margins, which, in turn, is expected to deliver positive Return on Investment (RoI).

This is also anticipated to augment the growth of this market over the years to come. Moreover, people are becoming more aware of their surroundings, such as advanced architectural designs, which is also expected to help boost the market growth. The single-material approach is being adopted to ensure the sustainable balance between the environment and the surrounding. This approach helps in creating an ecological sense; thus, depending on the climatic context, as well as on the usage of single material, waste reduction can be achieved. Passive cooling and lowered life cycle cost and maintenance are some of the factors that make it more favorable and hence promises better prospects in the future.

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Using single-material reduces the maintenance cost, which, in turn, helps in creating the desirable result of sustainable future. The global Gross Domestic Product (GDP) is increasing at a steady rate, which indicates good chances of growth. The standard of living are also improving, which is projected to induce the architectural business, as people would tend to invest into better and futuristic homes and designs.

The Chinese government has invested a huge amount of money in the construction of institutional buildings, such as prisons, schools, and hospitals. Futuristic structures, such as the hypnotic bridge, the rotating skyscraper, indoor parks, the invisible architecture, natural disaster-proof forts have opened up numerous of growth opportunities for the industry players.On the other hand, the industry is anticipated to witness a number of mergers and acquisition activities owing to the significant growth opportunities over the next few years.

The recent acquisition of Bury Construction Ltd. by Stantec Inc., a civil engineering firm, would help the latter firm to expand its businesses across the U.S. region.

M. Arthur Gensler Jr. & Associates, Inc. is investing in the Birmingham‘s growing design in the United Kingdom owing to huge growth prospects and opportunities. Moreover, Nikken Sekkei Ltd., a Japanese architecture firm, has reportedly formed an alliance with Krasnoyarsk in Russia and Siberian Federal University to jointly work on the Krasnoyarsk smart city project. Key companies in the market are AECOM; Brickman Group, LLC; M. Arthur Gensler Jr. & Associates, Inc.; HDR; Nikken Sekkei Ltd., Stantec, Inc.; and Skidmore, Owings & Merrill LLP.

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Commercial Telematics Market to Hit USD 114.28 Billion by 2025

24 October 2018, The global Commercial Telematics Market is expected to reach USD 114.28 billion by 2025 on account of to the rapid penetration of smart connectivity systems in passenger cars as well as commercial vehicles. Continuous software developments to link smartphones to the vehicle to improve drive quality, increase road safety, and monitor real-time positioning of automobiles to avoid congestions in case of any emergency situations are key parameters contributing to the growth of the market.

Features such as vehicle tracking, fleet management, satellite navigation, and wireless vehicle safety ensure improved ride quality. Such features are expected to fuel the market over the forecast period.

Solutions such as infotainment systems and services such as maintenance & training services are gaining momentum pertaining to rising awareness regarding driver and passenger safety. Furthermore, supporting government regulations regarding implementation of automotive telematics are expected to drive the market over the forecast period. For instance, in March 2016, the Japanese government joined hands with the U.S. and Europe for R&D on autonomous vehicles where commercial telematics have a wide scope.

U.S. Commercial telematics market, by solution, 2014 - 2025 (USD Billion)

 Insurance telematics accounted for 10.2% of the overall market share in 2016. The segment is anticipated to experience high demand for commercial telematics over the forthcoming years attributed to the need to increase safety and reduce the loss from accidents.

Integration and deployment have important features such as safety-related data, location-based data, diagnostic data, communication features and interactivity features. These features help the commercial vehicles to keep a complete track of the vehicle and are very useful in various instances such as breaking down of the vehicle, track fuel efficiency and radio communication. The segment is likely to grow at a 24.4% CAGR over the forecast period.

North America and Europe together dominated the global market contributing to over 65% of the revenues generated in 2016. The rise in concern of security, driver safety, and the increase in the need for vehicle tracking are some of the key factors resulting in the technology establishing a strong foothold in the regions over the past few years.

PTC, Inc., TomTom Telematics, Zonar Systems, Inc., OCTO Telematics Ltd, Trimble Inc., Verizon Telematics, Inc., Mix Telematics International (PTY) Ltd, Koito Manufacturing, Omnitracs, LLC, Masternaut Limited, Inseego Corporation and Volkswagen Commercial Vehicles are some of the key players in the market.

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Hexa Research has segmented the global commercial telematics market on the basis of solution, services, vehicle type, product, source and region:

Segmentation By Solution, 2014 - 2025 (USD Million)

• Fleet/Asset Management

• Navigation & Location Based Systems

• Infotainment Systems

• Insurance Telematics

• Safety and Security

• Remote Alarm and Incident Monitoring Solutions

• V2X

• Others

Segmentation By Service, 2014 - 2025 (USD Million)

• Integration & Deployment

• Consulting & Design

• Maintenance & Training Services

Segmentation By Vehicle Type, 2014 - 2025 (USD Million)

• Passenger Cars

• Commercial Vehicles

Segmentation By Product, 2014 - 2025 (USD Million)

• Hardware

• Software

Segmentation By Source, 2014 - 2025 (USD Million)

• Aftermarket

• OEM

Segmentation By Region, 2014 - 2025 (USD Million)

• North America

    • U.S.

    • Canada

• Europe

    • France

    • UK

    • Germany

• Asia Pacific

    • India

    • South Korea

    • Japan

    • China

• Central & South America

    • Brazil

    • Mexico

• Middle East & Africa

Key Players Analyzed

• PTC, Inc.

• TomTom Telematics

• Zonar Systems, Inc.

• Octo Telematics Ltd.

• Trimble Inc.

• Verizon

• Mix Telematics

• AirIQ Inc.

• Omnitracs, LLC

• Masternaut Limited

• Inseego Corporation

• Volkswagen Commercial Vehicles

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/technology-industry