Wireline Logging Services Market Growth, Opportunities and Analysis By 2022

Global Wireline Logging Services Market provides a brief and detailed knowledge about key players, market state and circumstances that are covered deeply in this report. The business chain supporting the Wireline Logging Services market is analysed in detail covering accurate information about aspects such as the industrial chain, proficiency in utilization of the available capacity of manufacture, and industry strategies that affect the market.

 

Wireline Logging Services Market study offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain ruthless advantage. Wireline Logging Services Market Forecast provides sizing and growth opportunities. It provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market. it also includes a detailed analysis of growth drivers, challenges, and investment opportunities and delivers a complete overview of segments and the regional outlook of the market.

 

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The global wireline logging services market size is anticipated to reach USD 34.39 billion in the year 2022. This can be attributed to increasing usage of these services for collection of real-time data by electric tools to optimize operational activities and gain maximum output from oil fields and wells.

 

The E-Line technology segment held the largest share of around 57% in the wireline logging service market owing to its usage in good logging and tube perforating operations. The segment of Slickline is being used for measuring good depth, down hole pressures, and temperatures.

 

The cased hole segment dominated the global market with a share of approx 80% in 2014 due to its surging usage for well evaluation. In addition, its usage for retrieving of measurements during the final operations is expected to drive the market growth. On the other hand, the open hole is generally used for performing operations prior to ceasing and cementing of the wellbore.

 

North America is anticipated to register a CAGR of 9.0% from 2015 to 2022 owing to rising production and exploration activities across U.S. Asia Pacific is also expected to witness growth in the upcoming years owing to boosting demand for exploration and extraction activities across the globe.

 

The market for wireline logging service includes key players such as Schlumberger, Halliburton, Baker Hughes, Nabors Industries, OilServe (UAE) and Pioneer Energy Services. They are continuously engaged in product development, innovation, and in implementing various marketing strategies to gain competitive advantage over other players and to penetrate deeper in the emerging markets. For example, Schlumberger made an investment of USD 1.2 Billion in 2014 for carrying out R&D activities, while Halliburton had made an investment of USD 0.6 Billion.

 

Some of the companies for Wireline Logging Services market are:

chlumberger, Halliburton, Baker Hughes, Nabors Industries

 

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Popcorn Market Research Study including Growth Factors, Types and Application

Global Popcorn Market provides a brief and detailed knowledge about key players, market state and circumstances that are covered deeply in this report. The business chain supporting the Popcorn market is analysed in detail covering accurate information about aspects such as the industrial chain, proficiency in utilization of the available capacity of manufacture, and industry strategies that affect the market.

 

Popcorn Market study offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain ruthless advantage. Popcorn Market Forecast provides sizing and growth opportunities. It provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market. it also includes a detailed analysis of growth drivers, challenges, and investment opportunities and delivers a complete overview of segments and the regional outlook of the market.

 

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Popcorn Market Growth & Trends

The global popcorn market size is expected to reach USD 6.24 billion by 2028, registering a CAGR of 9.4% over the forecast period from 2021 to 2028, according to a new report by Grand View Research, Inc. Rising preference for the combinations of flavors and shapes of popcorn from traditional product forms, is expected to expand the market size on a global level.

 

With increasing popularity of on-the-go snacks, the adoption rate of the popcorn is rising among the consumers in major economies, including the U.S., Germany, the U.K., and China. Moreover, despite the financial stress observed during the COVID-19 pandemic, the market has shown positive signs. Factors such as the rising consumer awareness about the nature of food ingredients and the rising demand during the lockdown situation are projected to further drive the market growth.

 

Asia Pacific is the fastest-growing segment and is expected to witness a CAGR of 11.5% from 2021 to 2028. The countries such as China and India, have the largest consumer base that demands the popcorn for consumption. Increasing consumer disposal income has increased their spending capacity on nutritious food. This factor is projected to boost the regional product demand.

 

Companies are looking to maintain their brand image and gain customer loyalty by offering innovative, wide range of combinations of popcorn as per customer specifications by analyzing consumer behavior patterns. The key players in the market are offering customized popcorn flavors such as butter, cheesy, chocolate, strawberry, and other.

 

Some of the companies for Popcorn market are:

• The Hershey Company

• Conagra Brands, Inc.

• Snyder's-Lance, Inc.

• Intersnack

• PepsiCo

• Eagle Family Foods Group LLC

• CATAPULT ENTERPRISES LTD

• Quinn Foods LLC

• Weaver Popcorn Bulk LLC.

 

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Marketing Resource Management Market Growth Information Analysis Report by 2027

Global Marketing Resource Management Market provides a brief and detailed knowledge about key players, market state and circumstances that are covered deeply in this report. The business chain supporting the Marketing Resource Management market is analysed in detail covering accurate information about aspects such as the industrial chain, proficiency in utilization of the available capacity of manufacture, and industry strategies that affect the market.

 

Marketing Resource Management Market study offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain ruthless advantage. Marketing Resource Management Market Forecast provides sizing and growth opportunities. It provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market. it also includes a detailed analysis of growth drivers, challenges, and investment opportunities and delivers a complete overview of segments and the regional outlook of the market.

 

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The global marketing resource management market size is estimated to arrive at USD 6.89 billion by 2027. It is projected to develop by 11.7% CAGR from 2021 to 2027.

 

Marketing resource management is cloud sourced software, which is extensively utilized by the companies, in support of efficiently integration as well as administration of their marketing function. It facilitates companies to unite product fulfillment along with the marketing activities and successfully follow their Return on Investment (ROI).

 

The growing necessity for the product guarantee and authoritarian fulfillment is likely to thrust the expansion of the MRM, during the period of the forecast. The marketing division is able to deal with the possible pressure and administer a tactical agenda, using these management resolutions. 

 

Budding technology resolution, powered by Artificial Intelligence (AI) along with Machine Learning (ML), to provide sustainable Omni channel experience is projected to additionally generate development openings for the companies.

 

The eruption of the Covid-19 pandemic is estimated to constructively influence the progress of the marketing resource management (MRM) market. On the other hand, the expenses linked with the new-fangled resource management systems are estimated to hinder the enlargement. In addition, the absence of confidence in innovative technologies is furthermore slowing down the development.

 

Some of the companies for Marketing Resource Management market are:

• Work front, Inc.

• SAP SE

• Microsoft

• HCL Technologies Limited

• Aprimo US LLC

• SAS Institute, Inc.

• Northplains

• Infor, Inc.

• Brand Maker

• Adobe

 

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Athleisure Market Cost Structure Analysis and Forecasts To 2025

Global Athleisure Market provides a brief and detailed knowledge about key players, market state and circumstances that are covered deeply in this report. The business chain supporting the Athleisure market is analysed in detail covering accurate information about aspects such as the industrial chain, proficiency in utilization of the available capacity of manufacture, and industry strategies that affect the market.

 

Athleisure Market study offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain ruthless advantage. Athleisure Market Forecast provides sizing and growth opportunities. It provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market. it also includes a detailed analysis of growth drivers, challenges, and investment opportunities and delivers a complete overview of segments and the regional outlook of the market.

 

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The global athleisure market size is projected to touch USD 517.5 billion by the year 2025, according to a new report by Million Insights. It is anticipated to grow at a CAGR of 8.1% through the forecast period of 2019-2025. Rise in adaption of fashionable and stylish athleisure wearing in offices and work places is projected to propel the demand of the market. Additionally, exclusive brand campaigns by manufacturers through celebrity endorsements and engagement in social media have changed the perception of millennials and young customers around the world.

 

Premium athleisure dominated the market with over 65% in the total revenue in 2018. Key manufacturers like Lululemon Athletica, Inc.;PUMA SE;Under Armour, Inc.; Adidas AG; and Nike, Inc. are promoting their brands by celebrity endorsements and introducing new products to capture a large consumer base. For example, Elsa Hosk endorses the brand “Sporty & Rich” promoting retro sportswear from ‘80s and ‘90s and it designs cool activewear pieces that have a cult following among the celeb and fashion set.

 

Asia Pacific is anticipated to grow at the fastest CAGR of 8.8% over the forecast period. Over the last few years, the companies have started adapting marketing strategies like launching new products, celebrity endorsements, focusing on e-commerce, and increasing number of exclusive brand stores to meet the demand of the consumers in emerging economies like India and China.

 

Some of the companies for Athleisure market are:

Adidas AG; Under Armour, Inc.; Lululemon Athletica, Inc.; Nike, Inc.; AJIO Company; HUMAN PERFORMANCE ENGINEERING;Esprit Retail B.V. & Co. KG.; Under Armour Inc.; and PUMA SE.

 

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Advanced Composites Market Development Trends of Analysis Report by 2027

Global Advanced Composites Market provides a brief and detailed knowledge about key players, market state and circumstances that are covered deeply in this report. The business chain supporting the Advanced Composites market is analysed in detail covering accurate information about aspects such as the industrial chain, proficiency in utilization of the available capacity of manufacture, and industry strategies that affect the market.

 

Advanced Composites Market study offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain ruthless advantage. Advanced Composites Market Forecast provides sizing and growth opportunities. It provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market. it also includes a detailed analysis of growth drivers, challenges, and investment opportunities and delivers a complete overview of segments and the regional outlook of the market.

 

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The global advanced composites market size is likely to account for USD 50.42 billion by 2027, witnessing 8.3% CAGR over the forecast duration, according to a new report published by Million Insights. Benefits of advanced composites such as lightweight, high strength and reduced weight are driving the product growth. Various end-use industries such as automotive, aerospace & defense, sporting goods and marine are emphasizing on the production of lightweight products, which, in turn, is driving the demand for advanced composites.

 

Governments across the globe have framed stringent regulation regarding the reduction of emission from automotive. Lightweight vehicles are crucial for emission control and efficiency. Advanced composites, owing to their lightweight and high strength, is one of the major materials used in the automotive industry. Growing manufacturing of electric vehicles is further estimated to drive the demand for advanced composites.

 

North America held the largest share in the market in 2019. Further, the region is projected to maintain its growth over the forecast duration. Increasing demand for advanced composites from the automotive and aerospace industries are driving the growth of the region. The United States is the home of some of the world’s major aerospace and automotive companies.

 

Key companies are focusing on increasing their product portfolio to cater to the increasing demand from the aerospace industry. Moreover, the rising demand for passenger aircraft owing to the increase in air traffic offers a lucrative opportunity for the manufacturers.

 

Some of the companies for Advanced Composites market are:

Hexcel Corporation, Teijin Limited, Toray Industries, Inc., SGL Group, Owens Corning and Cytec Solvay Group

 

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Water Soluble Fertilizer Market Comparison by end-user To 2024

Global Water soluble fertilizer Market provides a brief and detailed knowledge about key players, market state and circumstances that are covered deeply in this report. The business chain supporting the Water soluble fertilizer market is analysed in detail covering accurate information about aspects such as the industrial chain, proficiency in utilization of the available capacity of manufacture, and industry strategies that affect the market.

 

Water soluble fertilizer Market study offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain ruthless advantage. Water soluble fertilizer Market Forecast provides sizing and growth opportunities. It provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market. it also includes a detailed analysis of growth drivers, challenges, and investment opportunities and delivers a complete overview of segments and the regional outlook of the market.

 

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The global water soluble fertilizer market size was USD 12.5 billion in 2015 and is anticipated to reach USD 22.0 billion by 2024. Increasing demand from wide range of fustigation application coupled with increasing awareness and adoption of micro irrigation systems is anticipated to boost the global demand for water soluble fertilizers.

 

Growing demand and need for superior yield owing to increasing world population, reduction in arable land, and great demand of biofuels is expected to impact the global demand for water soluble fertilizers. Harmful ecological impacts of over/high fertilization, including pollution of ground water, disturbances in environment life sciences, and increase in area under ocean dead zones are expected to restrict the market growth.

 

Increasing awareness among farmers across emerging economies coupled with technology driven farm practices. High priced crops including vegetables and fruits are expected to drive the market demand. Growing protection of cultivated crops is estimated to attract growers around the globe since it offers good returns on investment. Large number of growers entered into the greenhouse system of agriculture production industry to achieve higher rates of return for their products. The use of these fertilizers is expected to be highly seasonal and improved, thus protected crop production is anticipated to drive the market demand for fertilizer products, particularly for water-soluble fertilizers.

 

On the basis of fertilizer type, the global market has been segmented into Nitrogen, sulphur, iron, chlorine, magnesium, calcium, Phosphate, and potassium which include secondary and micro nutrients. Nitrogen is expected to be the widely used element in the market and is expected to continue its dominance owing to its easy availability and It is used to synthesize proteins, amino acids, enzymes, nucleic acids, and chlorophyll. Nitrogen nutrients can be further classified into Urea, ammonium sulphate, nitrate, and calcium nitrate.

 

Phosphate is expected to witness significant growth rate over the next seven years It stimulates root formation and shoot growth at the early stages of plant growth. lack of Phosphorus levels in plants may result in poor seed and fruit development and also reduces the growth of plants significantly. Phosphorus is particularly important and widely used in cool weather. Starter fertilizers constitute more of these nutrients in huge amounts. Potassium is expected to have moderate growth rate over the forecast period. This element helps the plants to resist diseases and boosts root growth. Potassium nutrients improve cold hardness and helps in increasing the size of fruits and vegetables. Signs of potassium lack or deficiency include slow growth, shriveled fruit, weak plants, and leaf burning at margins or tip

 

On the basis of application, water soluble fertilizer market has been segmented into fertigation and foliar. Fertigation is expected to be the largest segment in terms of revenue and market share owing to its wide applications among various crops. Fertigation processes involve injection of soil amendments, water-soluble products and fertilizers into an irrigation system. Foliar feeding is a method of nourishing plants by applying the liquid fertilizer to their leaves. Plants and crops are able to absorb essential nutrients through their leaves. This absorption is carried out through their stomata and also through their epidermis.

 

On the basis of crop type, the market has been segmented into Field Crops, Horticultural Crops and Turf & Ornamentals. Field corps constitutes the largest segment in the global market owing to its wide applications across the globe. These crops are grown for agricultural purposes and are consumed by people. Growing population and demand for vegetables and fruits is expected to be the driving factor for the market growth in this segment.

 

North America is expected to the largest regional segment in the global market. Extensive use of bio fuels has increased the demand for fertilizers and is driving the growth in this region High consumption of meat and meat products has been driving the high use of fertilizers in North America as it increases the demand in animal feed and feed products.

 

Increasing adoption rate of merchandize and micro irrigation processes in the Asia Pacific region, is expected to witness significant growth rate for water soluble fertilizers key players in the market are Yara International, The Mosaic Company, Agrium Inc., ICL Fertilizers, PotashCorp, CF Industries. Other industry participants include QAFCO, Haifa Chemicals, SinoFertK+S AG, Uralchem, and SQM

 

The water-soluble fertilizers market is expected to be highly fragmented with major players driving the growth through expansions, agreements, new product launches and acquisitions, to develop their position in the market. These strategies were followed by the industry participants to expand their global presence and enhance their product portfolio.

 

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Smart Antenna Market Product segments and Growth outlook Report By 2025

Global Smart Antenna Market provides a brief and detailed knowledge about key players, market state and circumstances that are covered deeply in this report. The business chain supporting the Smart Antenna market is analysed in detail covering accurate information about aspects such as the industrial chain, proficiency in utilization of the available capacity of manufacture, and industry strategies that affect the market.

 

Smart Antenna Market study offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain ruthless advantage. Smart Antenna Market Forecast provides sizing and growth opportunities. It provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market. it also includes a detailed analysis of growth drivers, challenges, and investment opportunities and delivers a complete overview of segments and the regional outlook of the market.

 

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Global Smart Antenna Market is expected to reach USD 8.95 billion by 2025 at a significant CAGR as the scope and its applications are rising enormously across the globe. Smart Antenna is also termed as multiple antennas, adaptive array antennas or digital antenna arrays. This antenna is a digital wireless communication antenna system that takes benefit of variety of effects at the receiver, transmitter, or both. Multiplicity effect includes the broadcast and/or reception of numerous radio frequency (RF) waves to rise data speed and decrease the error rate. The smart antenna market is expected to grow at a CAGR of 8.2% in the forecast period.

 

Rising demand for wireless communication and high speed communication network, allows customization of data signals, and rapid urbanization are documented as major factors of smart antenna market that are estimated to enhance the growth in the years to come. However, high maintenance and manufacturing costs may restrain overall market growth in the coming years. Smart antenna industry is segmented based on technology, applications, and region.

 

Highly used enhanced technology includes Multiple Input Single Output (MISO), Single Input Multiple Output (SIMO), Multiple Input Multiple Output (MIMO), and others that could be explored in Smart Antenna in the forecast period. The MIMO segment accounted for the largest market share and is estimated to lead the overall market in the coming years. Also, the sector is estimated to grow at highest CAGR in the upcoming period. This may be because it delivers facilities like SIMO and MISO and requires no extra cost of transmission of power and bandwidth. In addition, SIMO is estimated to grow at fastest pace in the coming years. however, MISO technology is mainly used to reduce the errors and advance the speed of data transmission and allows the customization of signals.

 

The market may be categorized based on applications like, RADAR systems, Wi-Fi Systems, cellular systems, WiMAX systems, and others could be explored in the future period. The cellular systems application accounted for the largest market share and is estimated to continue its dominance until 2025. This may be because of growing usage of smart antennas for smartphones. In addition, WiMAX systems is estimated to grow at fastest pace in the years to come. The system reduces the hindrance of narrow beam operation and provides flexibility to operators by allowing management of fixed and mobile communication devices.

 

Globally, in 2016, North America accounted for the largest market share of Smart Antenna and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be thriving market for smartphones, presence of key manufacturers in the region and existence of superior wireless communication systems. Also, acceptance of latest technologies and speedy developments in various sectors may boost market growth in this region. The United States is major consumer of Smart Antenna in this region.

 

Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The aspects that may be ascribed to the growth comprise government initiative in IoT like building smart cities that needs highly advanced networking infrastructure, growing urbanization, and rising investments in enhanced technologies. The developing countries like India and China are the major consumers of Smart Antenna in this region.

 

The key players of Smart Antenna Market are Texas Instruments, Airgain Inc., Telstra, Broadcom Limited, Qualcomm Technologies Inc., Intel Corporation, and Motorola Solutions Inc. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

 

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Pressure Sensor Market Analysis and Product segments By 2025

Global Pressure Sensor Market provides a brief and detailed knowledge about key players, market state and circumstances that are covered deeply in this report. The business chain supporting the Pressure Sensor market is analysed in detail covering accurate information about aspects such as the industrial chain, proficiency in utilization of the available capacity of manufacture, and industry strategies that affect the market.

 

Pressure Sensor Market study offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain ruthless advantage. Pressure Sensor Market Forecast provides sizing and growth opportunities. It provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market. it also includes a detailed analysis of growth drivers, challenges, and investment opportunities and delivers a complete overview of segments and the regional outlook of the market.

 

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The global Pressure Sensor Market is expected to reach USD 11.91 billion by 2025. A pressure sensor can be defined as a device that is used to sense pressure changes and translate it into an electrical signal, that can be moderated depending on the strength of pressure. Factors, such as advancements in MEMS & NEMS technologies for various applications, increase in use of pressure sensors in automotive industry. In addition, favorable regulations for use of pressure sensors and increase in demand for pressure sensors in consumer electronics are likely to drive the pressure sensor industry in the forthcoming period.

 

On the other hand, intense pricing pressure is anticipated to hinder pressure sensor market growth in the future. However, the increasing demand for pressure sensors in numerous applications is likely to create lucrative opportunities for the market. Pressure sensor industry is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

 

Pressure sensors market is segmented by type, product type, application and geography. The market is segmented by type as Resonant Solid State, Piezoresistive, Capacitive, Electromagnetic, Optical and Others. The “Piezoresistive” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factors that could be attributed to the growth of market include increasing use of MEMS sensors in wearable devices and consumer electronics is boosting market growth.

 

Based on product type, the pressure sensors industry is segmented by Gauge Pressure Sensors, Absolute Pressure Sensors, and Differential Pressure Sensors. The “Absolute Pressure Sensors” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factor that could be attributed to the growth of market includes increasing demand in industrial applications for the measurement of vacuum levels.

 

The key applications are segmented in the pressure sensor market include Oil & Gas, Consumer Electronics, Industrial Applications, Automotive, Medical, and Others. The “Consumer Electronics” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factors that could be attributed to the growth of market include rising use of MEMS devices in wearable devices and consumer electronics is boosting the segment growth. The Consumer electronics segment is followed by the Automotive sector in the forthcoming period.

 

North America is a leading region in the market. It is likely to maintain a dominance in the forecast period owing to factors, such as increasing awareness about the advantages of automated systems and growing deployment of automated retrieval and storage systems (ASRS), presence of several semiconductor establishments, sensor manufacturers, and foremost system suppliers in North American countries. North America is followed by the Asia-Pacific region.

 

Key players operating in the pressure sensor industry include ABB Ltd, Emerson Electric Co., Analog Devices, Inc., Robert Bosch Gmbh, Delphi Automotive Plc, Denso Corporation, Honeywell International Inc., NXP Semiconductors, N.V., Damco Corporation, and Schneider Electric. The leading companies are involved in partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

 

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Network Access Control Market In-Depth Analysis And Future Growth Report 2022

Global Network Access Control (NAC) Market provides a brief and detailed knowledge about key players, market state and circumstances that are covered deeply in this report. The business chain supporting the Network Access Control (NAC) market is analysed in detail covering accurate information about aspects such as the industrial chain, proficiency in utilization of the available capacity of manufacture, and industry strategies that affect the market.

 

Network Access Control (NAC) Market study offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain ruthless advantage. Network Access Control (NAC) Market Forecast provides sizing and growth opportunities. It provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market. it also includes a detailed analysis of growth drivers, challenges, and investment opportunities and delivers a complete overview of segments and the regional outlook of the market.

 

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Global Network Access Control (NAC) industry was estimated over USD 551.6 million in 2014 and is anticipated to be worth USD 4.39 billion by 2022, with a CAGR at 30.2%. Increasing rate of data thefts and cyber-attacks have resulted in the development of Network Access Control that provide solution to combat these problems. NAC solutions have been accepted on a large scale at a rapid pace in order to ensure safety from malware attacks, hackers and malicious software thereby leading to a need for secure network infrastructure.

 

Extensive adoption of Machine to Machine (M2M) networks and Internet-of-Things (IoT) has added significantly in upholding the industry prospects. It is capable of efficiently facilitating the changing enterprise network and regulatory scenario. The Bring Your Own Device (BYOD) trend plays a major role in accelerating the demand for Network Access Control solutions. Improved ease of deployment, reduced system complexity and enhanced effectiveness of these products has further steered the market growth. Improvements in technological proliferation, Network Access Control platforms, endpoint visibility remediation along with configuration assessment have resulted in market expansion. In an attempt to improve the efficacy of perimeter network defenses, Network Access Control is being widely implemented into security platforms.

 

NAC software is used in BFSI and government sectors. Regulatory compliance requirements such as Payment Card Industry Data Security Standard (PCI DSS) and Control Objectives for Information and Related Technology (COBIT) are forcing organizations to adopt the network access control solutions. Growing emphasis on web-based business services in these sectors is expected to compel growth over the review period. To satisfy the strict security requirements, government agencies often invest in Network Access Control solutions to filter unauthorized networks and device connections. These services ensure continued businesses while managing security threats. Risk management efforts and endpoint intelligence have been accentuated to a great extent in financial institutions, SMBs units and IT enterprises. It has consequently propelled demand for Network Access Control products and has led to market growth. However, the market is expected to witness slowdown in growth due to lack of scalability among the products.

 

The Network Access Control market, based on the type, has been categorized into two types; software and hardware. The software segment contributed to approximately 42.0% of the total market revenue in 2014. It is projected to exceed 45% by 2022 owing to the growing demand for software solutions on account of increasing malware attacks and cybercrime rate

 

On the other, the hardware segment constituted nearly 58% of the total market revenue in 2014 and is anticipated to be the primary solution vertical from 2015 to 2022. This segment comprises of gateway routers, Small Form-Factor Pluggable trans-receiver modules (SFP) and Network Access Servers (NAS). The gateways consist of multi-homing VPN security gateways and Unified Threat Management content security gateways (UTM) that offer secure network connections. Users are provided with internet access post authentication through an independent service providers (ISP) facilitated by NAS.

 

Based on the end-use, these solutions have been segmented into the government, BFSI, academia, manufacturing, healthcare, telecommunications and IT. The other segment includes transportation, media and entertainment, and retail. In 2014, the BFSI sector is anticipated to be the leading end-user over the forecast period which constituted for nearly 29% of the total revenue. The rising need for carrying out safe and protected transactions has impelled banks and financial institutions to make use of network security solutions. Government institutions are prospective targets for hackers in order to gain political gains and important information. These solutions have helped governmental organizations in curbing data theft activities and safeguarding confidential files from hackers.

 

The North American continent is expected to showcase substantial growth and become a lucrative market worldwide in the foreseeable future. Numerous players have been focusing on investing in various solutions. This has increased its growth prospects in the regional market.

 

Continuous efforts to develop hardware and software solutions for customers in order to resolve challenges associated to network security are expected to influence market growth positively. It offers a wide range of functionalities including identity-driven LAN security solutions. Asia Pacific is expected to yield significant profits in the region for this industry. Growth in the region can be majorly attributed to rising acceptance of social, cloud and mobile technologies. Key market players including Bradford Networks, Aruba Networks, Check Point Software Technologies, Forescout, Juniper Networks, Cisco, Portnox, Pulse Secure, Trustwave and Vendors StillSecure, Sophos are continuously emphasizing on implementing added objectives and reducing decision problems while incorporating of Network Access Control solutions.            

 

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