Drywall & Building Plasters Market Going to Reach US$ 65,004.8 Mn by 2025

Persistence Market Research in its latest report projects that the global drywall & building plasters market will expand at a CAGR of 5.4% during the forecast period (2017–2025) to reach a valuation of US$ 65,004.8 Mn. Lately, preference for drywall has increased to a significant level as compared with other construction materials such as cement concrete owing to its superior characteristics and ease of application, hence making it a suitable alternative. In 2016, global drywall & building plaster market stood at around US$ 40,624.6 Mn. The report titled “Drywall & Building Plaster Market Global Industry Trend Analysis 2012–2016 and Forecast, 2017–2025” projects that close to 14,202 million square meters of drywall is likely to be sold towards the end of 2025.

Drywall & building plasters find widespread applications in new building constructions as well as in upgrade, maintenance and repair work of old residential & nonresidential structures. This, in turn, is anticipated to drive their sales in the years to come. Moreover, economic growth in certain countries is expected to fuel investments in residential & commercial infrastructure, which is expected to play a major role in boosting the market’s growth. Growth in demand for drywall & building plasters is directly linked with proceedings in the construction industry.

Key Insights of the Report Include:

By product type, building plasters will continue to account for a higher value share of the market than drywall throughout the assessment period. On the other hand, drywall is expected to register a faster CAGR in terms of value. By 2017-end, the drywall segment is estimated to account for around 42.3% share of the overall market.

Application of drywall & building plaster in residential and hotels & restaurant construction is expected to remain robust in 2017 and beyond. These application segments are expected to account for a large percentage of the global market revenue.

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The market in Asia Pacific is estimated to remain dominant over 2025, owing to several massive ongoing and upcoming construction projects in countries such as China and India. In addition, the region has been exhibiting a higher demand for drywall & building plasters than other regions, on account of its high growth rate & market size of the building construction market. Meanwhile, North America will continue to be the second largest market for drywall & building plaster over the forecast period. In Europe, factors such as increasing awareness about the product advantages and growing requirement of maintenance & repair activities are expected to fuel the demand for drywall & building plasters.

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Some of the leading companies operating in the global market for drywall & building plaster include Knauf Gips KG, Compagnie de Saint-Gobain S.A., Etex S.A., USG Corporation, Fermacell, Gyptec Iberica, Georgia-Pacific, National Gypsum Properties, LLC, USG Boral Building Products, PABCO Building Products, LLC, American Gypsum Company LLC, ROCKWOOL International A/S, Continental Building Products, LafargeHolcim, Winstone Wallboards Limited, China National Building Material Company Limited, Kingspan Group plc., Yoshino Gypsum Co., Ltd., Supress Products, LLC, Lime Green Products Ltd.

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Active Pharmaceutical Ingredient Market Will Amass US$ 225.2 Bn by 2025

An active pharmaceutical ingredient is used in a finished pharmaceutical product (FPP), intended to carry certain pharmacological actions or otherwise have a direct effect in the diagnosis, cure, treatment, mitigation or prevention of various diseases, or in some cases in restoring, correcting or modifying human physiological functions. Sales of pharmaceutical ingredient are on the rise due to a substantial increase in high-potency API (HPAPI) and peptide API manufacturing. A new study conducted by Persistence Market Research reveals that the US$ 151.9 Bn global active pharmaceutical ingredient market will grow to US$ 158.3 Bn by 2017 end, reflecting a Y-o-Y growth rate of 4.2%. This market is estimated to further increase to US$ 225.2 Bn, expanding at a CAGR of 4.5% over the forecast period (2016–2025)

PMR in its report, titled “Active Pharmaceutical Ingredient Market — Global Industry Analysis and Forecast, 2016–2025” has cited some of the key factors prompting the global sales of API, which include:

  • Higher emphases on the development of novel therapeutics that contain high-potency active pharmaceutical ingredients (HPAPIs).
  • Ramped-up investments from large-scale API manufacturers and contract manufacturers in production of high potency API.
  • The lower cost of labor cost and abundance of raw materials continue to facilitate the growth of API market in the Asia region.
  • Faster approvals of API based peptide and diabetes management drugs. Over the recent past, a range of peptide drugs has been approved treatment of type 2 Diabetes Mellitus including Albiglutide (GSK), Dulaglutide (Eli Lilly), Exenatide (Amylin Pharmaceuticals) and Glucagon (Xeris Pharmaceuticals).

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According to the report, small molecule API type segment holds promising investment opportunities for market participants on account of the numerous off-patent events incurred in the last five years coupled with a strong penetration of small scale manufacturers in Asia. On the basis region, APAC’s API market was valued at US$ 61.4 Bn in 2016 and is projected to witness the highest CAGR of 5.1 % during the forecast period to reach a valuation of US$ 95.6 Bn. This is primarily owing to the leadership of China and India in SMEs as well as their strong distribution network in overseas markets especially in US, South Africa, and Europe. Asian pharmaceuticals CMOs are competing on the basis of cost and timeline for API manufacturing and are attracting U.S.-based pharmaceuticals companies that are willing to outsource manufacturing requirements. Meanwhile, Europe is projected to be the second fastest growing market for API and is expected to reach US$ 42.5 Bn by 2025-end. Manufacturers in Europe are prioritizing high-quality standards, advanced manufacturing installations, and high purity of intermediates (API).

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Johnson Matthey, Siegfried, Almac, PolyPeptide Laboratories, AmbioPharm, Inc., Corden Pharma, Pepscan, BCN peptide, Provence Technologies Groups, SennChemicals AG, Avecia OligoMedicines, Santaris Pharma — acquired by Roche in 2014, ST Pharm Oligo Center, Cepia Sanofi, Biospring, Pfizer CenterSource, Symbiotec Pharma Lab Pvt. Ltd., Gadea Grupo Farmacéutico, STEROID S.p.A., Dolder AG, Dalton Pharma Services, FarmaBios Spa, Dextra Laboratories Limited, GlycoSyn, Inalco Pharma, Sussex Research, Pfanstiehl, Inc., Noramco, Inc., Johnson Matthey, Siegfried, Rhodes Technologies, Ash Stevens, Fermion (public), FARMHISPANIA GROUP, Olon SpA, Lonza Group are some of the leading companies operating in the global active pharmaceutical ingredient market. Currently, many of the pharmaceutical companies are focused on outsourcing of API manufacturing to avoid large capital investments in setting up of API manufacturing facilities. This has accelerated the demand for CMOs in API manufacturing industry, which is dominated by small to medium manufacturers.

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Next Generation Centrifuge Market Appraise to Reach US$ 1,380 Mn by 2025

Growing advancements in medical and clinical field has spread awareness about requirement for better healthcare system. Governments across the globe are making amendments in research & development, and diagnostic activities, and taking initiatives for developing access to care. These factors are expected to drive growth of the global next generation centrifuge market. Global next generation centrifuge market is projected to register 6.1% CAGR during the forecast period 2017 to 2025, according to a report by Persistence Market Research (PMR). The market is estimated to reach nearly US$ 1,380 Mn in revenues by 2025-end.

PMR’s report projects North America to remain dominant in the global next generation centrifuge market, with revenues pegged to surpass US$ 500 Mn by 2025. Europe is estimated to be second-largest market for next generation centrifuge during the forecast period. This market growth in Europe is primarily attributed to factors such as growing number of life sciences companies, and soaring application of centrifuge for DNA extractions in forensic science. In addition, market in Asia Pacific (APAC) is expected to exhibit highest CAGR through 2025.

Refrigerated centrifuge will remain the most lucrative product in the global next generation centrifuge market. Revenues generated from sales of refrigerated centrifuge is poised to reach nearly US$ 1000 Mn by 2025-end. Among two types of refrigerated centrifuge viz. refrigerated benchtop and refrigerated floor standing, the former is projected to exhibit a comparatively higher CAGR through 2025.

Academic and research organisations will remain the highest end-users of next generation centrifuge. Demand for next generation centrifuge from these organisations is projected to expand at 7.6% CAGR through 2025. Biopharmaceutical companies are expected to be second-largest end-users of next generation centrifuge by 2025-end. In contrast, demand for next generation centrifuge from diagnostic centers will remain sluggish during the forecast period.

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With soaring expansion of life sciences sector, several small- and medium-sized companies are focusing on increasing their presence in the market. These companies are adopting strategies such as new innovative product offerings coupled with more complex technologies, for differentiating their products from existing ones in the market. In addition, companies are focusing on introduction of systems with advanced features to cater increasing requirement of centrifuges. These factors are estimated to propel growth of the market.

Increasing research & development activities in pharmaceutical industry has driven the demand for next generation centrifuges in production and quality assurance (QA) processes. Moreover, utilisation of advanced techniques such as next generation sequencing is on the rise, for studying patterns of infectious diseases in cancer patients. This further propels the demand for next generation centrifuges in molecule extraction and diagnosis procedures.

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However, high costs are involved in initial setup and installation of floor standing centrifuges, coupled with service and repair costs. Organisations face challenges owing to limited financial supports. In addition, utilisation of next generation centrifuges depends on the availability of robust medical platforms and facilities. The aforementioned factors are expected to restrain growth of the global next generation centrifuge market during the forecast period.

Key market players identified in PMR’s report include Eppendorf, Thermo Fisher Scientific Inc., Danaher Corporation (Beckman Coulter), NuAire Inc., Corning Inc., Hettich GmbH & Co.KG, Qiagen, Hitachi Koki Co., Ltd.

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Ventilation Equipment Market Projected to Exceed US$ 24,917.5 Mn in 2017

Long-term respiratory disorders coupled with premature deaths associated with increasing air pollution is a startling factor driving adoption of ventilation systems. Persistence Market Research (PMR), in its report, delivers key insights about global ventilation equipment market. In 2017, the global ventilation equipment market will reach US$ 24,917.5 Mn in revenues; by 2025 this number is estimated to reach nearly US$ 40,000 Mn, expanding at 5.5% CAGR.

Air pollution levels have surged exponentially in the recent past, resulting into increased cases of asthma and chronic obstructive pulmonary disorders (COPD). According to World Health Organisation (WHO), over 3 Mn premature deaths are reported each year caused by respiratory conditions. In addition, according to Nature Journal particle sizes PM 2.5 and PM 10 present in the air are inhaled deep into lungs, leading to incidences of strokes and heart attacks. Ventilation equipment renders removal of air pollutants and particles, improving ambient air quality in both industrial and commercial workspaces. Moreover, stringent government and environmental regulations have been implemented owing to growing concerns about health and safety of industrial work force. These factors are estimated to propel market growth.

However, exaggerated marketing by new entrants has resulted into confusion among customers. Variety of options, sizes and prices offered by these players have been misleading customers in purchasing ventilation products. This is expected to spread mistrust and impede adoption of ventilation products, especially across developing economies, where absence of awareness about such products already persists.

Based on equipment type, air filter are expected to remain sought-after among end-users, followed by air purifiers. By 2025, demand for air filter in the market is projected to surpass 8,000,000 units, expanding at 5.3% CAGR in terms of volume. In addition, sales of axial fans are projected to exhibit second highest CAGR through 2025.

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Industrial application of ventilation equipment are expected to account for over 70% share of the market value, with revenues pegged to reach nearly US$ 30,000 Mn by 2025. Robust adoption of ventilation equipment by manufacturing sector, catering to needs of commercial and residential sectors, is expected to drive demand for ventilation equipment from industrial application. In addition, non-industrial application of ventilation equipment is projected to witness highest CAGR of 6.1%.

Asia Pacific (APAC) will remain the largest market for ventilation equipment. Market in this region was evaluated at US$ 10,101.7 Mn in 2016; by 2025 it is estimated to reach US$ 20,000 Mn, expanding at 7.3% CAGR. Availability of cost-effective land and labor, coupled with surging construction rate and lifestyle of people is driving growth of the market in this region. In terms of value, North America and Middle East & Africa (MEA) are expected to exhibit parallel expansion at 4.5% CAGR through 2025. In addition, leading manufacturers are gaining a firm foothold in Western Europe, which in turn is estimated to drive market growth in Europe by 2025-end.

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Key players identified in PMR’s report include Daikin Industries, Ltd., Lennox International Inc., Takasago Thermal Engineering Co. Ltd., Systemair AB, Totech Corporation Inc., Greenheck Fan Corporation, Air System Components Inc., Gree Electric Appliances Inc. of Zhuhai, Nuaire, CECO Environmental Corp., Crompton Greaves Consumer Electricals Ltd., Kruger Ventilation Industries Pte Ltd., Airflow Developments Limited, Maico Elektroapparate-Fabrik GmbH, Schaefer Ventilation Equipment, LLC, Envirovent Ltd., Manrose Manufacturing Ltd., Stamm International Corporation, Zibo Lihua Ventilation Equipment Co. Ltd., VES Andover Ltd.

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Pressure Relief Devices Market to Exceed US$ 3,600 Mn by 2025

Demand for pressure relief devices is on a surge in developing economies including Asia Pacific (APAC) and Middle East & Africa (MEA). With the advent of medical tourism in various APAC countries such as Vietnam Thailand, Malaysia, Indonesia, India, and Philippines, the market in this region is expected to witness considerable growth. Provision of after sales will be the key focus area of the global pressure relief devices market. Various global players have signed strategic partnerships & collaborations with regional players for offering sales and aftersales services in developing markets.

Persistence Market Research (PMR), in its report, projects the global pressure relief devices market to register 5.3% CAGR during the forecast period 2017 to 2025. In 2016, the market was evaluated at revenues worth US$ 2,280.4 Mn; by 2025 this number is estimated to reach nearly US$ 3,600 Mn.

According to a study by Hill-Rom, growing number of patients with hospital-acquired pressure ulcer has led to a robust adoption of pressure ulcer devices in North America. In addition, rising prevalence of obesity and growing geriatric population has also driven the demand for pressure ulcer devices. These factors are expected to drive growth of the market in this region. However, reimbursement stands as a critical factor, considering the fact that products are highly priced. Private insurers in North America are adopting reimbursement restrictions for pressure ulcer treatment, which in turn will restrain market growth in this region.

Increasing out-of-pocket healthcare expenditure is current trend in both developed and developing countries of APAC. This is expected fuel demand for medical devices including pressure relief devices in this region. In addition, provision of government initiatives is expected to offer better healthcare facilities across developing economies, which is further expected to fuel demand for pressure relief devices in APAC. In contrast, affordability of purchasing new pressure relief devices is a major challenge for large number of population across this region. This is because of limited support from government policies covering pressure ulcer treatment in developing economies, and lack of health insurance. These factors are expected to impede market growth in Asia Pacific.

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Long-term care centres will continue to remain most lucrative end-users of pressure relief devices, with revenues estimated to reach nearly US$ 1,700 Mn by 2025. Demand for pressure relief devices from long-term care centres is expected to witness expansion at 6% CAGR through 2025. In addition, hospitals are estimated to be second largest end-users of pressure relief devices. Revenue garnered by demand for pressure relief devices from hospitals is expected to surpass US$ 800 Mn in 2017.

By product type, specialty beds will remain sought-after in the market. Sales of specialty beds is expected to exhibit 5.8% CAGR through 2025. Specialty beds are expected to account for over 50% market share by 2025-end. In addition, sales of pressure relief mattress is projected to reach nearly US$ 600 Mn in 2017. In contrast, mattress overlays are expected to witness a comparatively low CAGR in the market.

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North America will remain the largest market for pressure relief devices. Sales of pressure relief devices in this region will reach nearly US$ 800 Mn in 2017; by 2025 this number is estimated to surpass US$ 1,000 Mn. In addition, APAC is expected to witness fastest growth in the market. Sales of pressure relief devices in APAC is projected to expand at 6% CAGR through 2025. In contrast, MEA is expected to exhibit sluggish expansion in the market during the forecast period.

Key players identified in PMR’s report include Arjohuntleigh AB, Hill-Rom Global Holdings B.V., INVACARE CORP, PARAMOUNT BED CO., LTD., Talley Group Limited, STRYKER CORPORATION, SIDHIL LIMITED, MEDTRONIC PUBLIC LIMITED COMPANY, SMITH & NEPHEW PLC, Apex Medical Corp, Proma Reha, s. r. o., Besco Medical Co., Ltd., Hirtz & Co. KG, GF Health Products, Inc., ADL GmbH., Linet spol. s r.o.

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IoT Analytics Market Projected to Surpass US$ 60,000 Mn in 2025

Internet of things (IoT) analytics assists users in combining operative information with data and generation intelligent analytics. Adoption of IoT-based technologies is witnessing a surge owing to its benefits including better efficiency, reduced operation costs, and infrastructure optimization. Rapid growth in IoT-centric business application is fuelling demand for PaaS, aiding implementation of IoT to a large extent.

Global internet of things (IoT) analytics market is projected to exhibit a staggering 16.2% CAGR during the forecast period 2017 to 2025, according to a report by Persistence Market Research (PMR). PMR’s report projects revenue from global IoT analytics market to increase from US$ 19,415.1 Mn in 2017 to surpass US$ 60,000 Mn by 2025-end. This growth is primarily attributed to continuous launching of IoT analytics offerings, coupled with emergence of niche players in the market.

Software is anticipated to be the most attractive component of IoT analytics by 2025. Revenue amassed from software component of IoT analytics will surpass US$ 10,000 Mn in 2017; by 2025 this number is estimated to reach nearly US$ 40,000 Mn. In addition, service component of IoT analytics is projected to witness fastest expansion at over 20% CAGR through 2025.

North America is pegged to hold the highest share of the market, with revenue pegged to account for around US$ 50,000 Mn by 2025. North America is estimated to exhibit highest CAGR in the global IoT analytics market. In addition, Europe is expected to account for over 10% market share, to stand second in the global market by 2025. In contrast, Middle East & Africa will register a comparatively low CAGR in the market during the forecast period.

On-premise deployment of IoT analytics will remain sought-after in the market. This deployment type segment is projected to create an incremental opportunity of US$ 27,278.7 Mn between 2017 and 2025. In addition, SaaS will remain fastest growing deployment type of IoT analytics, expanding at 18.5% through 2025.

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Although healthcare will remain largest vertical in the global IoT analytics market, Retail is expected to witness fastest growth in demand for IoT analytics. Healthcare is projected to account for over 70% share of market value by 2025. Transportation & logistics is expected to exhibit second-highest CAGR in the market. In contrast, energy & utilities vertical for IoT analytics will witness a comparatively low CAGR during the forecast period.

Number of connected devices is witnessing a surge owing to soaring demand for IoT services in North America. This growth of IoT ecosystem is prompting companies for developing platforms and services will result into better prediction, management and optimization of business operations and processes. This further helps in improving efficiency and profitability, and resolving threats. In addition, there has been a robust adoption of IoT analytics by healthcare sector in North America. IoT adoption, coupled with digitization helps to easily collect data for patient records, population health data, and various other databases. These factors are expected to drive demand for IoT analytics in North America.

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Implementation of large number of projects utilizing IoT tools and data sets has led to a surge in demand for IoT analytics tools & technologies by various enterprises in Europe. Adoption of IoT analytics is comparatively higher among large enterprises which have data support systems and adequate capital. Significant investments are being made by leading enterprise companies in IoT analytics tools, implementation, and applications. Such factors are estimated to propel market growth in Europe by 2025-end.

Key market players identified in PMR’s report include IBM Corporation, Microsoft Corporation, Intel Corporation, Cumulocity GmbH, Tableau Software, Cisco System Inc., Oracle Corporation, Aeris Communication, Accenture PLC.

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Propylene Oxide Market to Procure US$ 20,000 Mn in 2025

 Persistence Market Research (PMR), in its report, projects the global propylene oxide market to account for revenues worth US$ 13,328 Mn in 2017. This number is expected to surpass US$ 20,000 Mn by 2025-end. The market is estimated to register 5.4% CAGR in terms of value. Increasing applications of propylene glycol as a construction chemical on the back of growing construction sector is expected to drive market growth.

 Increasing demand for automotive products has driven considerable growth in automotive sector. Demand for Propylene oxide is on a surge for manufacturing various automotive products such as sealants, adhesives, flexible foams, and paints. Soaring urbanisation and surging production of automobiles have led to huge demand for some continuously adopted products such as carpets, mattresses, car seats and insulators. Such products utilize polyurethane which in turn requires propylene oxide as raw material. The aforementioned factors are expected to drive growth of the market. In addition, increasing application of propylene oxide and its derivatives in various end-use products including engineering plastics & fibers, brakes & hydraulic fluids, power cruisers, automotive coolants, and aircraft deicing fluids are expected to fuel demand for propylene oxide.

However, several alternatives of propylene oxide have been introduced in the market which are more effective. Moreover, propylene oxide poses negative impacts on the environment and affects humans. Over consumption of propylene oxide may result into hazardous effects on human respiratory track, and causes irritation to eyes and skin. These factors are expected to restrain growth of the global propylene oxide market.

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In terms of volume, polyether polyols is expected to be the largest application of propylene oxide. Demand for propylene oxide in production polyether polyols is expected to reach nearly 10,000 KT by 2025-end. In addition, demand for propylene oxide in production of flame retardants is projected to exhibit fastest expansion through 2025.

Asia Pacific (APAC) is projected to be the most lucrative region for propylene oxide market, followed by North America. Sales of propylene oxide in APAC will account for around 4,600 KT in 2017, and it is further estimated to surpass 7,000 KT by 2025. In terms of volume, market in this region is expected to register highest CAGR. In addition, North America is expected to be the second largest market for propylene oxide, with sales pegged to reach nearly 4,000 KT by 2025. In contrast, sales of propylene oxide in Latin America will exhibit a sluggish expansion at 3.3% CAGR in terms of volume.

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Key market players identified in PMR’s report include LyondellBasell Industries Holdings B.V., The Dow Chemicals, SK Chemicals, Royal Dutch Shell, Sumitomo Chemical Co., Ltd., BASF SE, Huntsman International LLC., AGC Chemicals, Repsol, CSPC Pharmaceutical Group Limited, Air Liquide, Air Products and Chemicals, Inc., China Petrochemical Corporation, Eastman Chemical Company, Mitsui Chemicals, Inc., LOTTE CHEMICAL CORPORATION, PetroChina International Co., Ltd., Ineos Group Limited, Tokuyama Corporation, Hanwha Group.

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Face & Voice Biometrics Market Set to Cross US$ 24 Bn by 2025

Increasing adoption of technology in homeland security continues to promote the need for face & voice biometrics at necessary checkpoints. Restricted access might be displeasing for investigations, but entry to only authorized personnel continues to be a great advantage for securing everything — from wealth to wisdom. Installing face & voice biometrics in corporate settings has been a common practice since its inception. Going forward, government offices and public places will also be equipped with face & voice biometrics, making them the most sought-after tech solution for controlling a secured access to facilities. Persistence Market Research concurs that by the end of 2025, the global market for face & voice biometrics will have reached a value of US$ 24 Bn.

Factors as such will continue to promote the use of face & voice biometrics across the globe. In 2016, over US$ 4.5 Bn worth of face & voice biometric solutions were sold in the world. Persistence Market Research’s latest report, titled “Face & Voice Biometric Market: Global Industry Analysis (2012–2016) and Forecast (2017–2025),” cites that by the end of 2025, the global face & voice biometrics market will have surged at a stellar 18.1% CAGR.

Key drivers for growth in adoption of face & voice biometrics include:

  • Implementation of biometrics in banking & payments: In Europe, banking organizations have made facial biometrics mandatory for customers accessing databases and other digital platforms. While banking employees continue to use face or voice biometrics for work, now, customers are also expected to log into their accounts via such solutions.
  • Integrating voice biometrics with customer service management applications: A voice biometric solution that facilitates the customers to reset their account password at any point of time (quickly & securely over any telephone) is gaining traction in North America as employees can have historical knowledge of each customer, thereby leading to intelligent interactions.
  • Implementation of biometrics in public administration: In densely-populated regions such as Asia-Pacific, face biometric solutions equipped with surveillance cameras, facial recognition software can improve public administration on light rails, buses, trains, docks and other public transit utilities. Face biometrics can assist authorities in monitoring train capacity, attending to medical emergencies and undertaking law enforcement vigilance such as capturing fare evaders or wanted criminals.

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According to the report analysis, North America’s face and voice biometric market is expected to witness highest growth over the forecast period. Along with Asia-Pacific, North America’s face & voice biometric revenues are expected to account for over 66% of the global market revenues by 2017-end. Europe, on the other hand, is expected to witness moderate growth in its face & voice biometric market, which will be primarily backed by steady demand for face and voice biometrics in government offices, law enforcement facilities, and military & defense sector.

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The report also forecasts that revenue from sales of face biometric solutions in the global market will witness a rise from US$ 4.6 Bn in 2017 to an estimated US$ 17.7 Bn by 2025-end. Meanwhile, biometric solutions developed on voice recognition technologies are projected to create incremental opportunity of US$ 4.5 Bn between 2017 and 2025. The report also reveals higher demand for conventional type of face & voice biometrics, as opposed to mobile.

Governments will be the largest end-users of face & voice biometrics in the world, while revenues from military & defense and law enforcement agencies will register speedy growth at 19.6% CAGR during the forecast period. The report has also profiled leading developers of face & voice biometric solutions as key players in the global market, and they include 3M Cogent, Inc., Apple, Inc.., NEC Corporation, ImageWare System, Inc., Cognitec Systems GmbH, Atos SE, Morpho (Safran), Nuance Communications, Inc., FaceFirst, M2SYS Technologies.

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Electronic Locks Market Projected to Reach US$ 3000 Mn by 2025

Persistence Market Research (PMR), in its report, projects the global electronic locks market to register an impressive 13.9% CAGR during the forecast period 2017 to 2025. Global revenue generated from sales of electronic locks was worth US$ 1,036.5 Mn in 2016; by 2025, this number is projected to surpass US$ 3000 Mn. Robust expansion of IT and BFSI sectors will create opportunities for digital door lock security solution providers across the globe.

With advancements in technology, companies offering electronic lock solutions are focusing on innovation in North America. Adoption of electronic locks in this region has surged among public and private places such as shopping malls, metro platforms, gyms, and parking lots. These factors are driving growth of the market in North America. Electronic locks are gaining traction in Latin America with increasing application of access control systems in furniture locks, and residential & commercial buildings. Key market strategies adopted by vendors including new product launches, acquisition of local manufacturers and strengthening their footprint in the market are further expected to propel growth.

Adoption and penetration of electronic locks in Europe is being driven by attractive profit margins gained by distributors & suppliers, and increasing market competitiveness among players. However, there are over thousand small as well as large-scale manufacturers of electronic locks in Europe. This poses a challenge for companies in continuous innovation and pricing of solutions. In addition, consumers are unaware of about advanced technologies and opt for alternative security systems which are less complex and easy to use & access. These factors are expected to restrain growth of the market in Europe during the forecast period.

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North America is projected to be the largest market for electronic locks by 2025-end. In terms of value, electronic locks market in North America was evaluated at nearly US$ 300 Mn in 2016, and is further estimated to reach US$ 859.1 Mn by 2025. Market growth in Latin America is estimated to witness fastest expansion, followed by Middle East & Africa (MEA) and Asia Pacific (APAC). This market growth in Latin America is attributed to increasing focus of key market players to increase their presence in this region.

Electronic strikes will remain preferred product in the global electronic locks market. Revenues from sales of electronic strikes is expected to reach US$ 1,210.3 Mn by 2025-end. Demand for electromagnetic locks is expected to exhibit highest CAGR the forecast period. In contrast, demand for electronic deadbolts and latches is expected to register a comparatively low CAGR during the forecast period.

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By interconnectivity type, although wired electronic locks will account for largest revenues in the global market, demand for wireless electronic locks is projected to exhibit a relatively faster growth during the forecast. On the basis of authentication method, fingerprint scanning is expected to be the largest as well as fastest growing segment in the global electronic locks market by 2025-end.

In terms of value, commercial sector is expected to be the most lucrative end-use sector by the end of 2025. Demand for electronic locks from this sector is projected to expand at 14.5% CAGR during the forecast period.

Key market players identified in PMR’s report include Honeywell International, Inc., Spectrum Brands Holdings, Inc., Assa Abloy, Cisco Systems, Inc., United Technologies Corporation, Salto Systems S. L., Panasonic Corporation, Vanderbilt Industries, Kiekert Aktiengesellschaft, iLOQ Limited.

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End-Point Security Market Projected to Reach US$ 27.8 Bn by 2025

The uncompromising need to update security solutions on a regular basis continues to drive the demand for end-point security. Rising awareness regarding ransom-ware attacks also fuels the need to instate effective end-point security in a business. Persistence Market Research’s latest report on the global end-point security market reveals that the market will reach an estimated value of US$ 27,830.3 Mn by the end of 2025.

The report, titled “End-Point Security Market: Global Industry Trend Analysis 2012 to 2016 and Forecast 2017-2025,” projects that the global end-point security market will bring in a little over US$ 11,900 Mn in revenues by the end of 2017. During the forecast period, i.e. between 2017 and 2025, the global market for end-point security is expected to expand robustly at a CAGR of 11.2%. Increasing adoption of cloud technologies and growing demand for Software-as-a-Service (SaaS) business models are documented in the report as key drivers for the growth of global end-point security market.

End-Point Security – Regional Market Trends

  • In North America, government initiatives directed to combat security threats are promoting the use of end-point security solutions. Rising incidence of cyber security breaches across the US and Canada has compelled their governments to protect business organizations that put thousands of end-point devices such as tablets, smartphones into professional use.

  • Rapid business expansion in the Asia-Pacific region has spiked the use of end-point devices in organizations. Heavy usage of such devices and active adoption of IoT applications has increased complexity of enterprise networks in this region, making end-point security essential.

  • European countries such as the UK are progressively adopting end-point security solutions to eliminate spills of critical information. Europe continues to be a lucrative region for end-point security businesses as governments as well as private organizations in this region are regularly updating & upgrading their IT infrastructure.

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Towards the end of 2025, North America is projected to dominate the global end-point security market, revenues from which are expected to surpass US$ 12,300 Mn. Europe and Asia-Pacific are also likely to remain attractive regions for growth of global end-point security market. Europe’s end-point security market is expected to represent incremental opportunity of US$ 3,151.3 Mn, while sales of end-point security solutions in Asia-Pacific countries will reflect highest revenue growth at 7.8% CAGR during the forecast period.

A majority of end-point security solutions deployed across the globe are projected to be on-premise, revenues from which are expected to hit US$ 17,300 Mn by 2025-end. SaaS deployment of end-point security is also expected to gain traction registering a value CAGR of 15.2% over the forecast period. While small & medium enterprises from around the world will contribute with just over 30% of global revenues, large businesses will be observed as the principal end-user of end-point security solutions in the global market.

A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/10900

The report also projects that telecommunication, healthcare and banking will remain highly-attractive industrial verticals for end-point security solution during the forecast period. The report further profiles leading developers of end-point security solutions, which include Symantec, Sophos, Trend Micro,Intel, Microsoft Corporation, IBM Corporation,Checkpoint Software, Cisco System Inc., Kaspersky Lab, Palo Alto Network, AVAST Software, Ivanti, RSA, Longview Solutions, Fortinet, Promisec, G2 Crowd Inc., Klogix Security, Lookout Inc., Doyen infosolutions Pvt Ltd.

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