Thursday, 6 October 2016

Global Retail POS Terminals Market is expected to witness a steady growth, expanding at a CAGR of 12.8% from 2016 to 2023

According to a new market report published by Credence Research, Inc. “Global Retail POS Terminals Market (By Product Type (Fixed POS terminals and Mobile POS terminals), By Component (Hardware and Software), and By Application (Supermarkets, Hypermarkets, Specialty Stores, Grocery Stores and Mass Merchandisers, and Gas Stations among others) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the global retail POS terminals market is expected to witness a steady growth, expanding at a CAGR of 12.8% from 2016 to 2023.
Market Insights
A Point of Sale terminal is an electronic device that accepts card payments from customers at a point of purchase. Some of the major functions performed by a POS terminal in a retail store include maintaining customer record, data backup, fast bill processing, inventory tracking, managing loyalty program, and offering special discounts among others. These functions enable retailers to ensure operational efficiency and streamline workflow, thereby boosting sales and profits. POS terminals offer higher durability and reliability over their traditional counterparts like cash registers, and hence have started replacing them in both small as well as medium sized retail stores. The demand in the retail sector is also driven by the escalating demand for mobile POS solutions.
Browse the Global Retail POS Terminals (By Product Type (Fixed POS terminals and Mobile POS terminals), By Component (Hardware and Software), and By Application (Supermarkets, Hypermarkets, Specialty Stores, Grocery Stores and Mass Merchandisers, and Gas Stations among others) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/retail-pos-terminals-market
Competitive Insights:
The global retail POS terminals/systems market is competitive and technology driven. In addition, the market for POS terminals in retail sector is extremely consolidated owing to the mergers and acquisitions of SMEs by/with large companies. Verifone Systems, Inc. (the United States) and Ingenico S.A. (France) collectively account for over half of the global retail POS terminals market revenue. Other players including NCR Corporation (the United States), PAX Technology Ltd. (Hong Kong), Toshiba Corporation (Japan), MICROS Systems, Inc. (the United States), Hewlett Packard (the United States), Panasonic Corporation (Japan), and Samsung Electronics Co., Ltd. (South Korea) have been identified as promising and emerging players in the retail POS terminals market.
Key Trends:
  • Growing adoption of cloud-based (SaaS platform) POS devices
  • Growing preference for cashless transactions
  • Banks have been instrumental in triggering circulation of credit and debit cards
  • Opportunity for retailers to add value and loyalty options
  • Mobility Revolution

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Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

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Electrical Enclosure Market is Expected to witness a steady growth, expanding at a CAGR of 5.9% from 2016 to 2023.

According to a new market report published by Credence Research, Inc. “Global Electrical Enclosure (By Type (Metallic and Non-Metallic Enclosure), By Application (Dust Tight, Hazardous Environment, Drip-Tight, Flame/Explosion, and Others), and By End-use (Industrial, Commercial, Food and Beverage, Energy and Power, Transportation, and Others) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the global electrical enclosure market is expected to witness a steady growth, expanding at a CAGR of 5.9% from 2016 to 2023.
Market Insights:
An electrical enclosure is a cabinet for electrical system used to mount knobs and switches and prevent users from electrical shock. Since electrical enclosure housing the electrical equipment is the only part visible to users, the manufacturers focus not only on developing quality product, but also an aesthetic one. In few cases, government regulations and standards dictate characteristics and performance of electrical enclosures used in hazardous environments. The global market for electrical enclosures is moderately matured and is poised to witness steady growth during the forecast period 2016 – 2023.
Browse the Global Electrical Enclosure Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/electrical-enclosure-market
Competitive Insights:
The nature of the electrical enclosures market varies from region to region. The market in developed economies including Europe and North America is well structured and highly consolidated. On the contrary, the market for electrical enclosures in Asia Pacific and Latin American countries is relatively unorganized comprising large number of regional electrical enclosure and cable management manufacturers. The fragmented nature of the market in these regions requires manufacturers to ensure product enhancements and new product launches at regular intervals to remain competitive in the market. Some of the leading, promising, and emerging electrical enclosure manufacturers identified in the research study include General Electric Company (the United States), Emerson Electric Company (the United States), Eaton Corporation Plc (Ireland), Rittal GmbH & Co. KG (Germany), Hubbell, Inc. (the United States), ABB Ltd. (Switzerland), Legrand S.A. (France), Siemens AG (Germany), Eldon Holding AB (Spain), Adalet Inc (the United States), and Schneider Electric SE (France) among others.
Key Trends:
  • Stringent government regulations promoting worker safety at workplace
  • Rapid industrialization and growing trend towards process automation
  • Growing demand from food and beverage and energy and power sectors
  • Demand for customized solutions
  • Price competition, especially in Asia Pacific and RoW markets.
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About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Media Contact
Name: Chris Smith (Global Sales Manager)
Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US
E-mail: sales@credenceresearch.com 
Ph: 1-800-361-8290
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Motor Vehicle Sensor market is expected to reach US$ 28.25 Bn by 2022, Credence Research

According to a new market report published by Credence Research Inc “Motor Vehicle Sensor Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022,” the motor vehicle sensor market is expected to reach US$ 28.25 Bn by 2022, with the rising production and consumption of motor vehicles across the world.  Governments of developed countries are focusing to reduce emission and greenhouse effect which is driving the demand for motor vehicle sensors. Increasing importance of vehicle and drivers safety also expected to increase the demand for motor vehicle sensors used for safety and security application across the world.
Based on application, the market is classified into safety and security, engine and drivetrain, emission control and other. Engine and drivetrain was the largest application segment for motor vehicle sensors. The segment is expected to influence the growth of overall motor vehicle sensors market with rising production of motor vehicles. Sensors used for safety and security applications in motor vehicles are expected to witness the fastest growth with rising demand for driver assistance systems and integration of vehicle safety technologies. In addition, mandatory regulations to reduce vehicle emission are also driving the demand for motor vehicle sensors used for emission control application.
Physical property sensors accounted for the largest revenue share in the overall motor vehicle sensors market by type. Technology advancement in physical property sensor along with improved efficiency and affordable price are driving the demand for physical property sensors. Proximity and positioning segment is expected to witness the fastest growth with rising demand for driver assistance and GPS systems used in motor vehicles.
Asia Pacific is the largest as well as the fastest growing regional market for motor vehicle sensors. China and India are major markets for motor vehicle sensors in Asia Pacific with rising production of motor vehicles in these regions. North America and Europe are matured markets and expected to witness steady growth in the next six years with improving economic conditions and increasing demand for advanced vehicles in these regions. In addition, stringent emission control and fuel consumptions regulations are driving the demand for sensors used for emission control application in these regions.
The global motor vehicle sensor industry is highly fragmented with large number of international players. Some major players in the global motor vehicle sensor market include Denso Corporation, Robert Bosch, Valeo, Delphi Automotives, Continental AG and Hitachi Automotives among others.
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About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Media Contact
Name: Chris Smith (Global Sales Manager)
Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US
E-mail: sales@credenceresearch.com 
Ph: 1-800-361-8290
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Headphones and Earphones Market is expected to witness a steady growth, expanding at a CAGR of 6.2% from 2016 to 2023.

According to a new market report published by Credence Research, Inc. “Global Headphones and Earphones (By Type (In-Ear, On-Ear, and Over-Ear Headphones and Earphones), By Technology (Wired and Wireless Headphones and Earphones), and Sales Channel (Original Equipment Manufacturer Channel and Aftermarket Channel) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the global headphones and earphones market is expected to witness a steady growth, expanding at a CAGR of 6.2% from 2016 to 2023.
Market Insights:
The global demand for headphones and earphones is primarily driven by the perpetually growing demand for smartphones, tablets, and portable media devices. With the advancements in technology, not only have headphones and earphones become more light weight and compact, but also more feature rich (ex- incorporation of microphones, noise cancellation technology, and water resistant among others).  Consequently, their applications have extended beyond personal entertainment and media to sports, gaming, healthcare, and corporate segments. Furthermore, rise in consumer discretionary income and evolving consumer digital habits is expected propel the demand for headphones and earphones globally.
Browse the Global Headphones and Earphones Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/headphones-and-earphones-market
Competitive Insights:
The global market for headphones and earphones is highly fragmented and competitive with the leading four manufacturers acquiring less than 45% of the global headphone and earphone market revenue share in 2015.  In order to sustain and compete, manufacturers are required to focus on product innovation and new product developments. In addition, headphone and earphone manufacturers are increasingly focusing on strengthening their distribution channels and hence the reach. This will consequently enable stores to push different headphone and earphone variants into the market. Some of the leading and promising headphones and earphones manufacturers identified in the research study include Beats (Apple Inc.), Sony Corporation, Sennheiser Electronic GmbH & Co. KG, Bose Corporation, Plantronics Pty Ltd., JVC Corporation, Philips Electronics Ltd., GN Netcom A/S(Jabra), Harman International Industries, Inc. (AKG), and Audio-Technica Corporation among others.
Key Trends:
  • Mobility revolution (Proliferation of Smartphones and Tablets) to assist the market growth
  • Evolving digital habits of consumers
  • Manufacturers are striving to develop smart headphones to take advantage of the growing trend towards health and fitness monitoring
  • Regulated demand for in-ear headphones and earphones
  • Growing preference for wireless headphones and earphones
  • Trend towards lossless audio file formats has opened new avenues for the high-end audio equipment
Related Reports:
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Media Contact
Name: Chris Smith (Global Sales Manager)
Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US
E-mail: sales@credenceresearch.com 
Ph: 1-800-361-8290
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Metrology Services Market is expected to expand at a CAGR of 7.9% from 2016 to 2023,Credence Research

According to a new market report published by Credence Research, Inc. “Metrology Services (By End-use Application (Industrial Manufacturing, Automotive, Electronics and Electrical, Aerospace, Energy and Power, and Other End-use Applications), By Product (Coordinate Measuring Machines (Articulated Arm Machines, Gantry Machines, Bridge Machines, and Horizontal Arm Machines), and Optical Digitizers and Scanners (3D Laser Scanners and Trackers, and White Light Scanners)) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the global metrology services market is expected to expand at a CAGR of 7.9% from 2016 to 2023, exceeding US$ 985.0 Mn by 2023.
Product Insights:
In simpler terms, metrology is a field of science concerned with both practical and theoretical aspects of measurement. Metrology solutions enable manufacturers to enhance and improve their manufacturing processes by allowing detailed inspection and measurements of every element involved. The rising trend towards precise engineering and complete automation in manufacturing units has been a massive boost to the market growth.
Browse the full Metrology Services Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report @ http://www.credenceresearch.com/report/metrology-services-market
Competitive Insights:
The global metrology services market is moderately concentrated. The top four players account for the lions share in the global metrology service market.  Hexagon AB, Carl Zeiss AG, Renishaw Plc., and Mitutoyo Corporation are identified as the leading metrology services providers worldwide. Other players including Nikon Metrology Inc., Danish Micro Engineering A/S, Optical Gaging Products Inc., Trescal SA, Optical Metrological Services, Faro Technologies, Inc., Perceptron, Inc., and GE Measurement & Control Solutions Inc. among others have been marked as promising and emerging players in the global metrology services market. Inorganic expansion through strategic partnerships and acquisitions are pushing the market towards consolidation. Strategic acquisitions and mergers have helped these established players to expand their product offerings and remain competitive in the market.
Key Trends:
  • Revival of the industrial manufacturing sector post economic slowdown
  • Growing demand for portable metrology solutions
  • Stringent regulations and standards for medical devices are pushing demand for metrology services in the healthcare segment
  • Innovations in laser-based 3 dimensional metrology
  • Growing preference for ODS metrology solutions over CMM solutions, especially in aerospace and automotive applications, where the need for precision, accuracy, and reliability is high
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Global Surge Protection Devices Market to Reach US$ 3.15 Bn by 2022 – Credence Research

According to a new market report published by Credence Research Inc “Surge Protection Devices Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022,” the global surge protection devices market is predicted to observe significant growth through the forecast period 2015 – 2022. This growth is primarily attributed to increasing numbers of middle class families and their rising income level across the world. These families are expected to invest in high-end technology devices such as LED and LCD TVs, home theaters, heating ventilating and cooling (HVAC) equipment and personal computers. Increasing importance to protect this expensive equipment from transient voltage is expected to spur the demand for surge protection devices throughout the forecast period 2016 – 2022. In addition, growing digitization in commercial sector and automation in industrial areas are expected to increase the demand for electrical equipment. These electrical equipment and devices are very sensitive to small voltage fluctuation. Voltage surge in industrial and commercial equipment result into large down time and data losses which cost very high for these enterprises.
Different types of surge protection devices used to protect electrical equipment from voltage surges and spikes, lighting strikes and grid shifting which include plug-in surge protectors, line chord surge protectors, hard wired surge protectors and power control surge protectors. Line chord surge protectors have multiple outlets and are used to protect multiple devices in one room. This segment accounted for the largest market share of 38.0% in 2014. This segment is expected to grow at a steady rate with growing demand of expensive electronic devices such as home entertainment systems, LED and LCD TVs, and personal computers. Hard wired surge protectors are expected to see the fastest growth with growing residential and commercial construction industry and increasing number of manufacturing plants globally.
Depending upon surge suspension capacity of surge protection devices, we have segmented this market into low voltage surge protectors and high voltage surge protectors. Low voltage surge protector devices are used to for surge suspension on circuit’s rate 1500v and below. High voltage surge protector devices are used for surge suspension on circuit’s rate above 1500v. Surge protection devices market was dominated by low voltage surge protection devices and accounted for 65.5% of revenue share in 2014. However, high voltage surge protection devices are expected to see a fastest growth through the forecast period 2016 – 2022. This growth is primarily attributed to stringent policies in construction industries to protect buildings from lighting strikes.
Industrial segment represents the largest end user segment for surge protection devices in India. This segment accounted for 40.5% of revenue share in the global surge protection devices market. With growing industrialization and rising automation in both manufacturing and processing industries represents a huge demand for surge protectors. Commercial segment is expected to see the fastest growth in end users market.
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Media Contact
Name: Chris Smith (Global Sales Manager)
Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US
E-mail: sales@credenceresearch.com 
Ph: 1-800-361-8290
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Wednesday, 5 October 2016

Articulated Arm Machine Market is expected to witness steady growth in demand, expanding at a CAGR of 8.2% during the forecast period 2016 to 2023.

According to a new market report published by Credence Research, Inc., “Articulated Arm Machine Market (By End-use Application (Industrial Manufacturing, Automotive, Electronics and Electrical, Aerospace, Energy and Power, and Other End-use Applications), By Price (Low-end Articulated Arms, Mid-range Articulated Arms, and High-end Articulated Arms)) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the global articulated arm machine market is expected to witness steady growth in demand, expanding at a CAGR of 8.2% during the forecast period 2016 to 2023.
Browse the full Articulated Arm Machine (By End-use Application (Industrial Manufacturing, Automotive, Electronics and Electrical, Aerospace, Energy and Power, and Other End-use Applications), By Price (Low-end Articulated Arms, Mid-range Articulated Arms, and High-end Articulated Arms)) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/articulated-arm-machine-market
Product Insights
Articulated arm machines are portable coordinate measuring devices with multi-axis arms. These machines are comparatively light in weight and hence can be ported and placed in different directions to achieve greater flexibility in measuring different parameters. On account of their superior operational capabilities, articulated arm machines are witnessing growing adoption in varied industry verticals including industrial manufacturing, automotives, semiconductors, and aerospace among others. While most other metrology markets are facing uncertainty owing to economic instabilities, the demand for articulated arm machines and related services is expected to remain steady throughout the forecast period.Competitive Insights:
The global articulated arm machines market is highly consolidated. The leading four manufacturers account for the lions share in the global articulated arm machines market.  Hexagon AB and Faro Technologies, Inc. are identified as the two leading articulated arm machines manufacturers worldwide. Other players including Nikon Metrology Inc., Carl Zeiss Corporation, Renishaw Plc, Trescal SA, and Danish Micro Engineering A/S have been marked as promising and emerging players in the global articulated arm machine market. The market for articulated arm machines has been plagued by lack of product differentiation. Thus, to remain competitive in the market, manufacturers are required to focus on technology development and product innovations. While demand for portable CMMs has offered the necessary push to the market growth, manufacturers and industry experts have also predicted potential prospect for the optical articulated arms segment. In order to limit the effects of price sensitiveness, manufacturers are also focusing on developing a core value scheme around supply chain efficiencies and services.
Geography Insights:
Asia Pacific represents the most lucrative articulated machine market led by growing demand from China. Increasing use of articulated arms for precise engineering and digital inspection processes in aerospace and heavy engineering industries bodes well for market growth in the region. The growth in emerging economies like India and Thailand is expected to be spurred by strong demand from the automotive sector. To manufacture and assemble cars reliably and quickly, the automakers in the region are increasingly making use of articulated arms for the purpose of precision measurements and inspection activities. Industries like semiconductors, aerospace, and pharmaceuticals are placing great importance on precision engineering, necessitating the use of articulated arms and other metrology instruments.
Key Trends:
  • Resurgence in the industrial manufacturing and automotive sector post economic slowdown
  • Growing demand for portable CMMs
  • High Demand for Mid-range (US$ 30,000 – US$ 45,000) Articulated Arms
  • Growing popularity of articulated arms with laser scanners and integrated software
  • Demand for optical articulated arms.
Related Reports:
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Media Contact
Name: Chris Smith (Global Sales Manager)
Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US
E-mail: sales@credenceresearch.com 
Ph: 1-800-361-8290
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