Flexitanks Market To Exhibit Growth At 19.0% CAGR For Chemical Segment Till 2024: Grand View Research, Inc.

The global flexitanks market is expected to reach USD 1.49 billion by 2024, according to a new report by Grand View Research, Inc. Increasing commodity export, particularly in Asia Pacific, is expected to foster flexitanks demand over the forecast period. Cost-effective and efficient nature of flexitanks has increased product popularity among the end-users. Flexitanks can carry more amount of liquid in a standard container than the ISO tanks or drums used for bulk transport traditionally.
Single trip was the leading product segment and accounted for over 90% of total market volume in 2015. Single trip flexitanks are very much cost-effective compared to multi-trip flexitanks, as they eliminate cleaning and repositioning costs incurred. Green logistic practices incorporated by most of the flexitank manufacturers and logistics providers ensure proper disposal of used flexitanks without causing any environmental ill-effect.
Virtually, flexitanks can be utilized for any liquid and semi-solid food material. This has helped higher flexitank penetration in the foodstuffs application segment. Higher operational benefits and cost-effectiveness have made flexitanks an attractive alternative.
China and South East Asian countries have become the prominent manufacturing hubs for key manufacturers in the world. Huge foodstuffs & chemicals’ export from Asia Pacific & North America is expected to push flexitanks demand to greater heights over the forecast period.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/flexitanks-market

Further key findings from the report suggest:

·         Global flexitanks market demand was 984,000 units in 2015 and is expected to reach 4,928,106 units by 2024, growing at a CAGR of 18.6% from 2016 to 2024

·         Foodstuffs were the leading application segment and accounted for over 30% of total market volume in 2015. Easy availability of FDA approved flexitanks in all regions has been a major factor for its increased penetration.

·         Chemical is expected to be the fastest growing application segment at an estimated CAGR of 19.0% from 2016 to 2024. The growth can be attributed to increasing popularity of flexitanks along with the fact that all non-toxic liquid chemicals can be transported using flexitanks.

·         Asia Pacific emerged as the leading regional market and accounted for over 60% of the total volume in 2015. Increasing commodity trade along with higher market penetration is expected to spur the regional market growth over the next seven years. The region is also expected to witness the fastest growth over the forecast period.

·         Key market participants operating in the global flexitanks market include Environmental Packaging Technologies Inc., Qingdao LAF Packaging Co. Ltd., Trans Ocean Bulk Logistics Ltd, and SIA Flexitanks Ltd.

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Grand View Research has segmented the global flexitanks market on the basis of product, application and region:
Flexitanks Product Outlook (Volume, Units; Revenue, USD Million, 2014 - 2024)

·         Single-trip

·         Multi-trip

Flexitanks Application Outlook (Volume, Units; Revenue, USD Million, 2014 - 2024)

·         Foodstuffs

·         Wine & Spirits

·         Chemicals

·         Oils

·         Industrial Products

·         Pharmaceutical Goods

Flexitanks Regional Outlook (Volume, Units; Revenue, USD Million, 2014 - 2024)

·         North America

·         U.S.

·         Europe

·         Germany

·         France

·         U.K.

·         Belgium

·         Netherlands

·         Asia Pacific

·         China

·         India

·         Singapore

·         Middle East & Africa

·         Central & South America

·         Brazil

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Professional Service Automation Software Market To Represent USD 12.88 Billion Opportunity Globally by 2022

The PSA software market is estimated to reach USD 12.88 billion by 2022, according to a new report by Grand View Research, Inc.
PSA software is used to standardize business processes and provide reports, insights, and control for resources and projects. The value of such systems is to enable critical information to be analyzed and shared across organizations for more insightful and timely decision-making. Increasing advancements in functionalities of the solution are anticipated to boost industry growth over the forecast period.
The industry is expected to witness substantial growth owing to increasing demand in the marketing and communication application segment. The market for PSA software is gaining traction in consulting firms with the increasing requirement for resource management.
Increasing needs to improve operational efficiency among professional service firms are expected to propel the market over the forecast period. The companies have been focusing on optimally aligning resources, while profitably delivering projects on time. Professional service automation tools offer benefits such as optimized staffing, improved collaboration, and automated time & expense.
Effective use of professional services automation tools can help organizations improve productivity, operational efficiency, financial margins, and billable utilization. PSA software improves project management and resource management by increasing efficiency through increased collaboration and personnel utilization, better planning, and integrated knowledge management. The software also provides standardized reports, which help management in making key business decisions.
Small enterprises have been using spreadsheets for various tasks such as resource and time management. However, as businesses grow, complexity is bound to increase which in turn is expected to increase the need for automating these tasks. The challenge of maintaining business quality, throughput, and effectiveness is also projected to grow. Small-sized businesses are untapped markets for these tools. Increasing IT budgets of such enterprises are expected to increase the demand over the forecast period.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/professional-services-automation-software-market

Further key findings from the report suggest:

·         Cloud technology is gaining popularity among cost-sensitive customers and small & medium enterprises. Increasing ubiquitous computing owing to smartphone penetration and better internet infrastructure is expected to drive the PSA mobile application over the forecast period. Support for different mobile platforms such as Android and iOS has become a basic requirement of the software. Cloud-based solutions offer benefits such as economies of scale, disaster recovery, effective monitoring of projects, and reduced technology infrastructure cost. Increased concern for data privacy of cloud-based solutions is anticipated to pose a challenge to their growth.

·         Professional service automation software is popular in consulting firms, technology companies, and marketing & communication firms. These solutions are also being adopted by legal and architectural firms. Technology companies are the major application segments and held a market share of over 40% in 2014.

·         Projector PSA, ChangePoint, NetSuite OpenAir, Appirio, Inc., Microsoft Corporation, FinancialForce.com, Tenrox, and ConnectWise are some of the prominent industry participants in this field. Other key vendors include Compuware Corporation, Autotask Corporation, Oracle, Panview, Clarizen, and Deltek, Inc. Netsuite Open Air PSA software can either be deployed as a standalone system or can also be integrated with existing enterprise solutions such as ERP and CRM.

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Grand View Research has segmented the PSA software market on the basis of application, deployment and region:
PSA Software Application Outlook (Revenue, USD Million, 2012 – 2022)

·         Consulting firms

·         Technology companies

·         Marketing and communication firms

·         Others

PSA Software Deployment Outlook (Revenue, USD Million, 2012 – 2022)

·         Cloud

·         On-premise

PSA Software Regional Outlook (Revenue, USD Million, 2012 – 2022)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         MEA

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Smart Cities Market Size Was Valued At USD 567.45 Billion In 2013 And Is Expected To Reach USD 1,422.57 Billion By 2020: Grand View Research, Inc.

Global smart cities market size was valued at USD 567.45 billion in 2013. Exponentially increasing population, and rapid urbanization coupled with continuous industrialization are key factors expected to positively affect the market. Smart cities are developed & designed to cater to a wide range of challenges including urban mobility, energy management, street lighting, public safety and water management. The market is expected to register a rapid growth at an estimated CAGR of 13.6% from 2014 to 2020.
Smart cities are developed using latest technologies including sensor networks, data analytics, cloud computing and wireless communications. Implementation of smart cities is based on the reduction of dependency on non-renewable resources for energy and improving fuel efficiency.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/smart-cities-market

Smart transportation was the largest application segment accounting for 16.1% of the global market share in 2013. Rising popularity of transport solutions including parking management, ticketing management, guidance system, passenger information systems, traffic management and supervision system is expected to augment the market demand over the forecast period. Smart transportation is anticipated to witness growth at an estimated CAGR of 15.2% over the forecast period.
Smart security was valued at USD 77.19 billion, owing to increasing incidences of theft resulting in higher security needs. The smart-security application segment is expected to witness significant gains at a CAGR of 14.8% from 2014 to 2020. Industrial automation is anticipated to witness significant gains at a CAGR of 14.4%,owing to the rising demand for integration of intelligent systems and communication infrastructure.

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Further Key findings from the study suggest:

·         North America dominated the global market generating revenues of USD 194.98 billion in 2013. The regional market is expected to witness a rapid growth at a CAGR of 12.3% over the forecast period, owing to rising development of the transportation sector and water infrastructure. Stringent government regulations, to minimize the carbon emission, are projected to boost market demand.

·         Asia Pacific accounted for 21.7% of the market share in 2014 and is expected to witness significant gains owing to the rising expendable incomes, improved living standards and an exponentially increasing population in the emerging economies of the region. Smart transportation, smart energy manager, and industrial automation are the leading application segments in the region owing to the rising demand for residential developments and increasing R&D developments in the region over the forecast period.

·         Major players dominating the smart cities market are IBM, Honeywell, Cisco, Accenture, Oracle, and Alcatel-Lucent. The market is characterized by mergers & acquisitions, strategic agreements, and contracts with distributors.

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Next Generation Memory Market To Witness Growth Owing To Increased Demand For Mass Storage And Universal Storage Devices Till 2020: Grand View Research, Inc.

The Global Next Generation Memory Market is expected to reach USD 3.43 billion by 2020, according to a new study by Grand View Research, Inc. Increasing need for fast and economical storage solutions across diverse applications is estimated to drive market growth over the forecast period. Next generation memory is used for various applications such as enterprise, industrial and automotive to store and manage information, which is expected to augment market growth over the next six years.
Increasing use of next generation memory in mobile phones to enhance customer experience is expected to fuel market growth. Increasing demand for wearable electronics and replacement of flash memory storage may provide new growth avenues to the next generation memory market. Low environment stability and high design cost may act as a restraint to market growth over the forecast period.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/next-generation-memory-market

Further key findings from the study suggest:

• Non-volatile memory storage is expected to remain the key product segment over the forecast period; it accounted for over 90% of the market in 2013. This technology is used for economical storage and fast processing of data and sustains the stored information even when the power is turned off. Volatile memory storage is estimated to witness considerable growth over the forecast period. In this technology, information fades when the power supply is turned off unless the storage device is periodically refreshed.
• Mobile phones were a major application segment in 2013 and accounted over 55% of the overall market in the same year. All common computing platforms from handheld devices to supercomputers use storage systems to store data permanently or temporarily. Smart cards store a few bytes of data and are expected to grow at a significant rate over the forecast period.
• North America was estimated to be the key regional market in 2013. The Asia Pacific market is expected to grow at a considerable rate owing to increasing demand for smartphones and tablets. Additionally, presence of key market players in countries such as China, India, Japan and South Korea is also expected to positively impact the regional market over the forecast period.
• Key industry participants include Samsung Electronics Co. Ltd., IBM Corp, Adesto Technologies, Crossbar Inc, Fujitsu Ltd, Toshiba Corporation, Intel Corporation etc. Toshiba along with SK Hynix are working on production of next generation memory chips, which is expected to decrease power consumption and increase data transfer speed. Economical and efficient solution development is expected to be a critical success factor for market players.

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For the purpose of this study, Grand View Research has segmented the global next generation memory market on the basis of product, application and region:
Next Generation Memory Product Outlook (Revenue, USD Million, 2012 – 2020)
    • Volatile
    • Non-Volatile
Next Generation Memory Application Outlook (Revenue, USD Million, 2012 – 2020)
    • Mass Storage
    • Mobile Phones
    • Industrial & Automotive
    • Embedded MCU & Smart Cards
    • Cache Memory & Enterprise Storage
Next Generation Memory Regional Outlook (Revenue, USD Million, 2012 – 2020)
    • North America
    • Europe
    • Asia Pacific
    • RoW

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