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Industrial Traction Equipment Market 2021 Statistics, Global Analysis Overview, Industry Insights and COVID-19 Pandemic Presenting Future Opportunities 2027

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Scope of the Global Industrial Traction Equipment Market A recent research report on the Global Industrial Traction Equipment Market is a comprehensive analysis of industry size, share, and dynamics, as well as an in-depth analysis of market trends. Leading companies, as well as competitive situations pertaining to market volume and promotion, are included in the Industrial Traction Equipment company report. The whole market is protected by in-depth research of revenue growth and profit analysis. Predictive analysis, SWOT analysis, PESTLE analysis, and real-time analytics are some of the geometric surveys employed. This is a new paper that examines science's current worldwide commercial consequences. The research study examines quickly shifting market conditions as well as primary and future effect assessments. Similarly, several graphs are specifically utilized to give the data structure for the exact study of facts and statistics.

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Major Key Players Covered : ABB Ltd. Alstom SA Caterpillar Inc. Mitsubishi Electric Corporation Toshiba International Corporation Kawasaki Heavy Industries Ltd. American Traction Systems Bombardier Inc. Crompton Greaves Limited Siemens AG General Electric Company VEM Group TTM Rail - Transtech Melbourne Pty Ltd.

Covid-19 Impact on Global Industrial Traction Equipment Market

The total shipment of diverse items has fallen due to the outbreak of the coronavirus pandemic. A supply of raw materials for target products was also available, which is an important component in the worldwide Industrial Traction Equipment industry's development. This research study contains an in-depth examination of market shipping performance throughout the forecasted period, as well as an analysis of key trends, noticed over time.

Global Industrial Traction Equipment Market Segmentation

Major Product Types are : Traction Transformer Traction Motor Traction Converter Major Applications are : Railway Mining Oil and Gas Others

The global Industrial Traction Equipment market study provides vital information based on market segmentation. The market is divided into numerous areas in this analysis, including form, technology, application, and geography. Other information included in the research includes product usage, manufacturing capacity, production statistics, and a supply and demand market analysis. The company's total revenue (financial), sales and revenue produced, pricing, industry share, manufacturing sites and services, and product launch are all included in the Global Market segmentation section. This analysis contains market sales, market share, and market revenue for the estimated period.

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Global Industrial Traction Equipment market Regional Analysis

The market study examines and evaluates each regional market segment in reference to the market's key geographic spectrum of reach. Import, export, demand, production, and consumption are just a few of the main insights included in the research. Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia), Europe (Germany, France, United Kingdom, Russia, and Italy), North America (United States, Canada, and Mexico), South America (Brazil, Argentina) and the Middle East and Africa (UAE, Egypt, Saudi Arabia, and South Africa) are some of the economies involved in this research study.

Global Industrial Traction Equipment Market Competitive Landscape

The report provided a quick summary of the top industry players and contributors in order to respond to various questions from customers and readers. Customers are also provided crucial indications in this study that have a large influence on the global Industrial Traction Equipment market's growth in terms of the supplier environment and their current competitive strength. With a comprehensive examination of suppliers, manufacturers, distributors, and traders, the research aims to help key players in numerous business choices and primary investment targets. Secondary and validated primary sources are used to research prominent companies and their product information, percentage splits, market shares, product industry breakdowns, and growth rates.

Key Objectives of this Report:

To research and analyze the global Industrial Traction Equipment market size (in terms of both value and volume) by key regions/countries, products and applications, company, and historical data for the forecast period.

To disseminate detailed information on the primary elements impacting market growth (growth potential, drivers, industry-specific challenges, opportunities, and risks).

To Identify, describes, and study the sales volume, value, market competitive landscape, market share, SWOT analysis, and growth strategies for the top Industrial Traction Equipment manufacturers in the next years.

It emphasizes the most recent product releases and market advancements, as well as their influence on market growth.

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Axel Reports is committed to being the key player in your company, offering you detailed information on products, market trends, competitors and customers. We offer premium progressive statistical surveys, market research reports, analysis and forecast data for industries and governments around the world. By allowing you to make well-informed choices, Axel Reports will help you develop a great successful marketing project.

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[kunalcmi]

MEDICAL TRANSCRIPTION SERVICES MARKET ANALYSIS (2020-2027)

Medical transcription (MT) service providers offer history and physical reports (H&P), discharge summary (DS), operative notes (OP), consultation reports (CONSULT) and others (pathology reports (PATH) & radiology reports (X-rays or radiographs)).

 Statistics:

The global medical transcription services market is estimated to account for US$ 96.9 Bn in terms of value by the end of 2027.

 Global Medical Transcription Services Market: Drivers

Increasing launch of medical transcription services is expected to propel growth of the global medical transcription services market over the forecast period. For instance, in December 2019, Amazon launched Transcribe Medical, a medical transcription service.

Moreover, various advantages of medical transcription services is also expected to aid in growth of the market. Some of the advantages of medical transcription services include, guaranteed turnaround time (TAT) for and quality of the transcribed documents, reduction in transcription rates, automated document delivery (print and publication friendly documents), round the clock technical support and assistance, and reduction in cost of administration and HR for healthcare facilities and physicians.

 Statistics:

North America held dominant position in the global medical transcription services market in 2019, accounting for 50.8% share in terms of value, followed by Europe and Asia Pacific, respectively

 Figure 1: Global Medical Transcription Services Market Share (%) Value, By Region, 2019

Global Medical Transcription Services Market: Restraints

One of the basic problems faced healthcare IT outsourcing companies is that they opt for full-fledged MT business. This often results in backfiring for small MT companies. Requirements of each healthcare IT outsourcing companies may be different. These requirements depend on factors such as available infrastructure, customer preference, availability of manpower and skills. Thus it is often advisable to such organizations not to opt for full-fledged MT business until the above-mentioned factors are aptly addressed to. As the MT business require large financial investments and time, it is not justifiable for the organizations to enter in this business until these resources are optimally utilized. On the other hand partial medical transcription implies the implementation of MT to perform certain functions exclusively. Though MT is a flexible application, it is often advisable for such organizations to avail services of an MT consultant to decide on the plan of action as to which form of business is to be opted for.

Moreover, stringent regulatory scenario is also expected to limit growth of the market. Service providers have to deal with various state, federal or other government regulations. For instance, in the U.S. the Health Insurance Portability and Accountability Act (HIPAA) dictates many aspects of medical record handling.

Global Medical Transcription Services Market: Opportunities 

Expansion and acquisition activities are expected to offer lucrative growth opportunities for players in the global medical transcription services market. For instance, in March 2020, Acusis LLC acquired Woodham and Associates of Florida LLC, a medical coding and auditing solutions and services company that offers hospital inpatient & outpatient coding, coding audits & education, CDI review services, and coding management.

Moreover, increasing adoption of EHR and mobile apps in the healthcare sector is also expected to aid in growth of the market. For instance, in April 2020,    MedInformatix, a health IT company, launched Wait in Car, a new mobile-friendly application that allows patients to wait in the safety of their automobiles for assigned medical appointments. The app integrates with RIS platforms and electronic health record (EHR) to provide the service.

 Statistics:

The global Medical Transcription Services market was valued at US$ 60.6 Bn in 2019 and is forecast to reach a value of US$ 96.9 Bn by 2027 at a CAGR of 6.1% between 2020 and 2027.

 Figure 2: Global Medical Transcription Services Market Value (US$ Bn), 2016 – 2027

Market Trends/Key Takeaways

Major players in the market are focused on adopting AI to enhance customer experience. For instance, in 2018, SMARTMD Corporation introduced Artificial Intelligence First deep neural network to improve autoclassification of documents and improve speech-to-text accuracy.

Longer waiting time is expected to boost adoption of medical transcription services. For instance, according to Fraser Institute’s Waiting Your Turn: Wait Times for Health Care in Canada, 2019 Report, the waiting time in ‘from referral by a general practitioner to consultation with a specialist’ segment increased from 8.7 weeks in 2018 to 10.1 weeks in 2019. This wait time was 173% longer than in 1993, when it was 3.7 weeks.

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 Global Medical Transcription Services Market: Competitive Landscape

Major players operating in the global medical transcription services market include, Acusis LLC, SMARTMD Corporation, EHR Transcriptions, Inc., DataMatrix Technologies, Inc., The Dictation Source, MModal IP LLC, iMedX Information Services Pvt. Ltd., Nuance Communications, Inc., Precyse Solutions LLC, Scribe Healthcare Technologies, Inc., Superior Global Solutions, Inc., Transcend Services, Inc., and TransTech Medical Solutions.

 Global Medical Transcription Services Market: Key Developments

Major players in the market are focused on launching new products to expand their product portfolio. For instance, in May 2020, Nuance Communications, Inc. launched its Dragon Medical One cloud-based platform in Denmark, Finland, and Sweden.

Similarly, in September 2019, 3M Health Information Systems launched 3M MModal CDI Engage One, a combination of advanced artificial intelligence (AI) and natural language understanding (NLU) technologies to deliver real-time clinical insight to clinicians, clinical documentation improvement (CDI) specialists and coding teams.

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[tipco613]

New Post has been published on https://cryptonewsuniverse.com/lgbtq-in-blockchaincrypto-a-safe-space-with-room-for-more-inclusion/

LGBTQ in BlockchainCrypto: A Safe Space With Room for More Inclusion

LGBTQ+ in Blockchain/Crypto: A Safe Space With Room for More Inclusion

LGBTQ+ people in the sector say crypto is a welcoming space: “The crypto sector is more than supportive of LGBTQ+ rights.”

Technology has become central to everyday life. From finding new ways to make money smarter to communicating

with each other, humankind is reliant on technology companies to provide these services for us. But despite its great influence over modern life, tech still faces a diversity problem. While some progress is beginning to be made, a cursory glance across the C-level ranks of most companies shows a strong oversupply of straight white men. Emerging tech sectors have not historically been the most inclusive or open-minded, but projects such as LGBT Token, TransTech Social Enterprises and StartOut show that there is both representation and support for LGBTQ+ people in tech. Nonetheless, it’s no secret that cryptocurrency’s unique nature and ideals can draw in a wide range of interested parties, many of whom have strong, and occasionally extreme, political beliefs. Despite this, crypto appears to be a welcoming place for LGBTQ+ people, according to industry leaders.

Crypto is supportive of LGBTQ+ rights

The global financial industry and many of the world’s most prominent tech hubs are not famed for their inclusivity. But for Sarah Jamie Lewis, the executive director of the Open Privacy Research Society, the disruptive nature of crypto and other emerging technologies has the power to destroy oppressive structures. Decentralization gives individuals and minority groups power that wouldn’t otherwise be available. For Paul McNeal, a self-described Bitcoin (BTC) evangelist and prominent Twitter commentator, the crypto sector has been supportive

of LGBTQ+ rights:

“Not once have I had anyone on Crypto Twitter or any other medium make an issue of my sexual orientation or LGBT issues. I’ve lived my life by treating others with respect and it’s been returned 10 fold.”

Joe DiPasquale, the CEO of multistrategy blockchain and crypto fund BitBull Capital and one of the founders of StartOut — a nonprofit that empowers LGBTQ+ entrepreneurs in tech — echoed McNeal’s view that crypto is supportive of LGBTQ+ rights and emphasized that the technology’s impact on the way people govern themselves has an impact on social issues: “The crypto sector is more than supportive of LGBTQ+ rights — crypto is pioneering new forms of governance that can bring about advances in society more quickly,”

adding:

“From projects like Tezos which has developed more efficient ways to vote on-chain through delegates, to thought leaders who believe the blockchain and virtual nations can empower people and correct exploitation, many projects in the sector mirror the support that we see more generally from most forward-thinking technologists. While crypto is apolitical, Bitcoin itself bypasses the need for government control over money and central banks.”

Claire Lovell, the associate director of product management at Gemini, also outlined her view to Cointelegraph that crypto supports LGBTQ+ rights and that the philosophy behind cryptocurrency has the potential to shift power away from centralized institutions and norms that had previously been impervious

to change:

“I do think the crypto sector is supportive of LGBTQ+ rights. The crypto ethos is to remove those existing power structures that would seek to limit the rights or privileges of people. Personally speaking, of the five years I’ve been working in this space, I have not once experienced any homophobia from other members of the community.”

Empowerment

While several experts have reported the crypto sector to be supportive of its LGBTQ+ members, some are skeptical about crypto’s purported ability to help minority groups in particular. McNeal explained to Cointelegraph that what crypto does best is create a level playing field rather than appeal to particular demographics: “I do not believe digital assets or Blockchain Technology does anything unique for the community than it does for any other demographic,” adding: “It has no respect for the person, it was and is created for all.” For BitBull’s DiPasquale, blockchain not only has the potential to change the way that people manage their finances but also to bring about political change. “There are already projects applying the blockchain to voting and creating communities through it,” DiPasquale explained, adding that this presents an opportunity for

the LGBTQ+ community:

“So, blockchain is already involved in enabling more people to vote. When we enable greater access and improve the diversity of those at the polling booth, we’ll empower the LGBTQ+ community as well.”

According to a survey conducted by WNYC Studios, LGBTQ+ people have a worse financial outlook than their cisgender and heterosexual peers. More than half feel anxious about their finances, with up to 42% reporting that their financial prospects have caused them to feel depressed. A further 25% of LGBTQ+ respondents say that their sexual orientation has caused them to suffer financially.

For Gemini’s Lovell, continued attempts to increase inclusivity could help LGBTQ+ people improve their personal finances: “Targeted outreach to the community with more education around the benefits of crypto and why it’s an inclusive asset class could help open up the space to more people in the LGBTQ+ community.” Lovell also told Cointelegraph that using cryptocurrencies and blockchain-based financial products can help sidestep some of the barriers that affect the LGBTQ+ community, as well as that using nontraditional banking methods such as decentralized finance can actually be more financially rewarding than banks found

on Main Street:

“Participating in cryptocurrencies and blockchain projects allows one to opt out of the financial power structure of big banks to create your own economic network. This helps increase access to financial tools. For example, one can use DeFI tools to earn much higher interest on their capital than they can receive from banks, and anyone can participate. Compounding returns is an important part of creating wealth.”

Representation

While the crypto sector may well be supportive of LGBTQ+ rights, there is still a lack of visible representation among company leadership. And while this is due in part to a lack of diversity, for many, being LGBTQ+ is something completely private and is kept as part of their personal lives. While BitBull’s DiPasquale told Cointelegraph that many crypto companies have LGBTQ+ staff already, McNeal said that representation should be increased

based on merit:

“I am not a fan of hiring for hiring sake, if a person can show up and compete — they should lead. That said, we can’t truly know if the representation is up or down since many may not be public about their sexual orientation.”

Gemini’s Lovell told Cointelegraph that it is perhaps not overly surprising that minority groups are not overwhelmingly represented in niche industries such as crypto but added that she felt LGBTQ+ engagement would grow in tandem with

wider adoption:

“LGBTQ+ minorities are a small percentage — just 10% — of the population, and crypto is also a small community of workers. Right now there aren’t that many LGBTQ+ people in the crypto community. That being said, as digital currencies continue to grow and new opportunities arise, I have no doubt we will be represented at every level. I’m proud to say that at Gemini there are several senior employees who identify as LGBTQ+, including me!”

While it’s clear that efforts are being made to make both the tech and crypto sectors more inclusive and openly supportive of LGBTQ+ people, some argue that there is still a long way to go. For Open Privacy’s Lewis, more conservative views of sexuality and gender boundaries still prevail. Lewis told Cointelegraph that those hoping to challenge these preconceptions still face an

uphill struggle:

“Can people shed the chains the cisheteronormative concepts of sexuality and gender and begin to decentralize the power that they hold? Perhaps, but that is a slow process and one that is not for the weak or those that lack the will to power.”

Be sure to check out the live discussion titled “LGBTQ+ and Blockchain: Community-Powered Tech and Tech-Powered Community” on Cointelegraph’s YouTube channel.

Article Produced By Joseph Birch

Joseph Birch is a freelance journalist. He’s interested in how blockchain has the potential to radically change the world we live in and the transformative power of crypto.

https://cointelegraph.com/news/lgbtq-in-blockchain-crypto-a-safe-space-with-room-for-more-inclusion

[cminsight7]

With increasing prevalence of chronic disorders, patient record portability, and Adoption of Artificial Intelligence (AI) and Cloud technology, Medical Transcription Services Market from 2020 to 2027 to grow with CAGR of  6.1%

Description: Global Medical Transcription Services Market: Drivers Assurance of patient record portability is expected to propel growth of the global medical transcription services market over the forecast period. One of the important considerations of medical transcription is the assurance that the transcribed patient and related healthcare records can be easily retrieved from the repository. Another major preference of healthcare facilities and other eligible professionals towards opting for outsourcing medical transcription is the current ability of easy switching of vendors, should the customer wish to switch vendors in case of price discrepancy or should the vendor fail in the market.

Global Medical Transcription Services Market: Opportunities Adoption of Artificial Intelligence (AI) and Cloud technology in medical transcription is expected to offer lucrative growth opportunities for players in the global medical transcription services market. Natural language processing, a kind of AI, can help doctors and healthcare providers transcribe a doctor’s speech into an EHR using natural language processing.

Global Medical Transcription Services Market: Restraints Poor dictation is expected to hinder growth of the market. Various phenomena together or individually cause poor dictation. Tendency to multi-task such as eating, typing or driving while dictating record or with having others in the room may cause distortion in the quality of the record and further challenge the transcriptionist to distinguish the speaker’s voice among others. Poor dictation is always not attributed to background noise, speech pattern or accent of the speaker. Communication of correct and complete data effectively directly affects the timelines and quality of the final report.

Key Takeaways: The global medical transcription services market was valued at US$ 60.6 Bn in 2019 and is forecast to reach a value of US$ 96.9 Bn by 2027 at a CAGR of 6.1% between 2020 and 2027. Increasing adoption of adoption of Artificial Intelligence (AI) and Cloud technology is expected to drive the market growth of the market. Consultation Report (CONSULTS) segment held dominant position in the global medical transcription services market in 2019, accounting for 34.7% share in terms of value. Increasing incidence and prevalence of chronic diseases is developed and developing economies is expected to drive the market.

Market Trends Major players in the market are focused on launching secure messaging. For instance, in 2019, SMARTMD Corporation introduced SMARTMD messaging with trackable tasks and reminders. The market is witnessing M&A activities. For instance, in February 2020, 3M acquired MModal’s technology business for a total enterprise value of US$ 1 billion.

Global Medical Transcription Services Market: Competitive Landscape   Major players operating in the global medical transcription services market include, Acusis LLC, SMARTMD Corporation, EHR Transcriptions, Inc., DataMatrix Technologies, Inc., The Dictation Source, MModal IP LLC, iMedX Information Services Pvt. Ltd., Nuance Communications, Inc., Precyse Solutions LLC, Scribe Healthcare Technologies, Inc., Superior Global Solutions, Inc., Transcend Services, Inc., and TransTech Medical Solutions.

Global Medical Transcription Services Market: Key Developments March 2020: Nuance Communications, Inc. collaborated with American Medical Association (AMA) to pilot test the combination of each organization’s respective technologies in an effort to reduce documentation burden that distracts from patient care and demoralizes highly-trained physicians November 2018: MModal launched MModal Fluency for Imaging, a cloud-based version of its radiology reporting solution, which helps radiologists capture the complete diagnostic interpretation with real-time clinical intelligence delivered within the reporting workflow, at RSNA 2018

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[priyanka16me]

Development of Railway Infrastructure for Better Transportation to Assist Traction Equipment Market Expansion

Traction Equipment Market: Snapshot

The global traction equipment market is extremely technology-centric and is immensely fragmented. Despite the fact that only companies that can provide cost-effective and high-efficiency products can sustain in this market, the degree of competition is anticipated to remain high during the forecast period owing to the constant demand for traction equipment, especially from emerging markets.

The global rise in the demand for mass transportation can be attributed to the surge in investments in the expansion of railway networks across both developing and developed economies. Traction equipment is what drives locomotives and countries such as China, India, the U.S., and Germany have been presenting an increased demand for the same.

In terms of volume, the global traction equipment market was pegged at 1.1 mn units in 2015. Expanding at a subdued CAGR of 2.09% from 2016 to 2024, the demand is expected to reach 1.3 mn units by 2024. By cumulative revenue, the market is forecast to register a 2.34% CAGR during the same period.

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Expansion and Upgrade of Rail Transit Systems Boost Demand for Traction Equipment in APAC

In terms of geography, the global traction equipment market has been segmented into North America, Europe, Asia Pacific, and Rest of the World. In 2015, Asia Pacific a share of around 40% both by revenue and volume and has emerged as the leading revenue generator. The region is expected to remain one of the most attractive markets for traction equipment. The significant development of trade and rapidly growing economies have contributed toward the expansion of this market. China is building a major transcontinental cargo rail service under the Silk Road Economic Belt project, which is likely to increase China’s trade with European countries. India recently announced its plans for the electrification of its existing railway network with a US$137 bn investment. Australia is working toward expanding its light rail transit systems as well as intercity trains. This increased focus on expanding and upgrading railway networks and systems has boosted the APAC traction equipment market over the years.

To obtain all-inclusive information on forecast analysis of global market, request a PDF brochure here.

Europe is one of the oldest markets for traction equipment as the first steam, electric, and diesel locomotives were invented in this region. The region is anticipated to trail Asia Pacific in terms of volume and revenue during the forecast period. The strengthening of emission control policies in Europe has made railways an attractive alternative to other modes of transport and this anticipated to fuel the demand for traction equipment in the region.

Traction Motors Take the Lead as Suppliers Offer Customized Solutions

By type of equipment, the traction equipment market was led by traction motors. This segment accounted for a massive share of nearly 80% in 2015 and is expected to retain its lead through 2024. Traction motors are used in electric and diesel locomotives and the key suppliers of traction motors, such as ABB Ltd. and Siemens AG, have been offering customized traction motors to suit the unique requirements of locomotives. Traction converters and transformers are used in electric locomotives as well as in traction substations. The market for these will grow in the forecast period due to various projects being undertaken for the electrification of railway lines across the globe.

For more actionable insights into the competitive landscape of global market, get a customized report here.

Leading vendors in the traction equipment market include ABB Ltd., Alstom SA, American Traction Systems, Bombardier Inc., Caterpillar Inc., Crompton Greaves Limited, Siemens AG, General Electric Company, Kawasaki Heavy Industries, Ltd., Mitsubishi Electric Corporation, VEM Group, Toshiba International Corporation, and TTM Rail – Transtech Melbourne Pty Ltd.

[strategyr-blog]

The Global Market for MT Services is Projected to Reach US$70 Billion by 2024

Growing Healthcare Sector and Innovations & Technological Advancements Drive Demand for Medical Transcription Services, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Medical Transcription (MT) Services market. The global market for MT Services is projected to reach US$70 billion by 2024, driven by positive outlook of healthcare industry, advantages of medical transcription in preventive healthcare, and adoption of innovations and technological advancements.

Medical transcription (MT), which deals with the process of conversion of recorded voice reports as dictated by healthcare professionals and physicians into text format, is an industry allied to the health profession and is critical to healthcare providers, patients and insurers. MT services provide the basis for adoption of the electronic medical records (EMR) system and allow hospitals and healthcare providers to reduce costs by outsourcing the critical business process of documentation to improve its quality without additional investment. The global MT services market is driven mainly by government initiatives towards health information infrastructure; adoption of recording systems and medical documentation; implementation of EHRs; encouraging technological innovations and adoption of electronic technology in order to reduce turnaround time; and focus on cost reduction along with improvement in productivity and quality of patient care and ensuring patient safety. Advancements in medical dictation will continue to revolutionize the field of medical transcription. The rise in amount of documentation as a result of expanded coding is expected to improve prospects for medical transcription in the coming years.

Technology advancements are changing all aspects of life and all industries including transcription services. Currently, innovations including text-to-speech and speech recognition are attracting attention and expected to change the transcription industry landscape and transcription jobs. Speech recognition is considered to drive transcription in the future as text-to-speech technology is offered with most of the smartphones and personal computing devices. The medical transcription industry is also likely to use cutting-edge communication methodologies to ensure faster transfer of various updates between healthcare professionals and medical transcriptionists, which is expected to reduce turnaround times and accelerate the process. The highly sensitive nature of medical data demands the streamlined and accurate documentation of critical details pertaining to the patient’s medical history, health, allergies, lab tests results, and medications observed during visits to OPD, in emergency situations and during surgery. Despite increasing advancements in speech recognition technology, the ability of the technology to deliver 100% accuracy is debatable, as even the most advanced technologies are prone to errors.

As stated by the new market research report on Medical Transcription Services, the United States represents the largest market worldwide. Growth potential for the U.S. market in the coming years will be influenced by factors such as development of voice recognition software, outsourcing of transcription jobs and EHR as well as latest guidelines. Asia-Pacific represents the fastest growing market with a CAGR of 7.4% over the analysis period. The dramatic increase in popularity of medical transcription outsourcing services to Asian countries resulted in dramatically transforming the market scenario. Emerging technological advancements and devices hold the key to the industry’s future in the region.

Key players in the market include Acusis India, Audio Dicta Transcription Services, Care Technologies India Private Ltd., eTransMed, LLC, iMedX Inc., M*Modal IP LLC, Medical Transcription Services, Nuance Communications, Inc., TopTrans Company, Total Transcription Solutions, Inc., TransDyne, TransTech Medical Solutions, and Vennar Soft Inc., among others.

The research report titled “Medical Transcription Services: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends growth drivers, regulations, issues, challenges, and strategic industry activities of major players worldwide. The report provides market estimates and projections in US$ Million for all major geographic markets including the US, Europe, Asia-Pacific, and Rest of World. The report also analyzes the global market for Medical Transcription by the following service segments - Consultation Reports, History and Physical Report, Operative Report, and Other Reports. The report also analyzes the US market for Medical Transcription Services by Mode - In-House Services and Outsourced Services. In addition, the report analyzes Indian and Philippines Offshore Medical Transcription Services market.

 For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.          To connect with us, visit our LinkedIn page.

  Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

[radiantinsightssf-blog]

Electric Traction Systems Market to Set Phenomenal Growth in Key Regions by 2025

In this report, the global Electric Traction Systems market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Electric Traction Systems in these regions, from 2013 to 2025 (forecast), covering

North America

Europe

China

Japan

Southeast Asia

India

Global Electric Traction Systems market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

ABB, Ltd. (Switzerland)

Alstom S.A.

Konar Group

Siemens AG

Delphi Automotive LLP

Voith GmbH

Mitsubishi Electric Corporation

Schneider Electric SE

The Curtiss-Wright Corporation

Prodrive Technologies

Toshiba Corporation

General Electric, Co

CG Power and Industrial Solutions Ltd

Bombardier Inc.

American Traction Systems

VEM Group

Caterpillar Inc.

TTM Rail - Transtech Melbourne Pty Ltd

Kawasaki Heavy Industries Ltd

Traktionssysteme Austria GmbH

Hyundai Rotem Company

Hitachi, Ltd

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

Electric Traction Transformer

Electric Traction Motor

Electric Traction Generator

Electric Traction Inverter

Electric Traction Converter

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including

Automotive

Oil & Gas

Power Engineering / Electrical Engineering

Mining

Transportation

Others

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Table of Contents

1 Electric Traction Systems Market Overview 1.1 Product Overview and Scope of Electric Traction Systems 1.2 Electric Traction Systems Segment by Type (Product Category) 1.2.1 Global Electric Traction Systems Production and CAGR (%) Comparison by Type (Product Category)(2013-2025) 1.2.2 Global Electric Traction Systems Production Market Share by Type (Product Category) in 2017 1.2.3 Electric Traction Transformer 1.2.4 Electric Traction Motor 1.2.5 Electric Traction Generator 1.2.6 Electric Traction Inverter 1.2.7 Electric Traction Converter 1.3 Global Electric Traction Systems Segment by Application 1.3.1 Electric Traction Systems Consumption (Sales) Comparison by Application (2013-2025) 1.3.2 Automotive 1.3.3 Oil & Gas 1.3.4 Power Engineering / Electrical Engineering 1.3.5 Mining 1.3.6 Transportation 1.3.7 Others 1.4 Global Electric Traction Systems Market by Region (2013-2025) 1.4.1 Global Electric Traction Systems Market Size (Value) and CAGR (%) Comparison by Region (2013-2025) 1.4.2 North America Status and Prospect (2013-2025) 1.4.3 Europe Status and Prospect (2013-2025) 1.4.4 China Status and Prospect (2013-2025) 1.4.5 Japan Status and Prospect (2013-2025) 1.4.6 Southeast Asia Status and Prospect (2013-2025) 1.4.7 India Status and Prospect (2013-2025) 1.5 Global Market Size (Value) of Electric Traction Systems (2013-2025) 1.5.1 Global Electric Traction Systems Revenue Status and Outlook (2013-2025) 1.5.2 Global Electric Traction Systems Capacity, Production Status and Outlook (2013-2025)

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Electric Traction Systems Market Global Industry Analysis Size Share Growth Trends and Forecast

Electric traction systems are most commonly seen in propulsion of railway vehicles. In general, diesel, steam and electric based traction systems are covered under traction systems. Under the scope of this report, electric traction systems are covered. Urbanization coupled with technological developments are the major drivers of the electric traction systems market globally. Among the different types of rolling stocks, electric traction systems are most commonly utilized for railways. Hence, the growing railway connectivity globally, coupled with environmental concerns, has been promoting the demand for electric traction systems. North America and Asia Pacific have been witnessing higher adoption of diesel-electric engines and electric engines. This shift is primarily due to the advantages offered by electric traction systems over diesel or steam systems. Moreover, hybrid engines are being adopted in several developed nations. Such modernizations are anticipated to boost the demand for electric traction systems globally.Suburban railways such as trams, metros and intercity high speed networks are being planned across several major cities, which in turn are propelling the growth of electric traction systems market globally.

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Global Electric Traction Systems Market: Segmentation

Based on type,the market is segmented into electric traction transformer, electric traction motor, electric traction generator, electric traction inverter, electric traction converter among others.Based on end-use industry, the market is segmented into automotive, oïl&gas, power engineering or electrical engineering, mining, transportation among others.Transportation is segmented into railways and others. Railways segment is furthermore segmented intoelectric traction transformer, electric traction motor, electric traction generator, electric traction inverter, electric traction converter among others.Geographically, the global electric traction systemsmarket is categorized into Asia Pacific, Europe, Latin America, North America, Middle East and Africa. The market for electric traction systemshas been provided in (USD billion) in terms of revenue as well as the CAGR for the forecast period of 2017 to 2025.

Global Electric Traction Systems Market: Scope of the Report

The key players in the electric traction systems market have been competitively profiled across the five broad geographic regions. This competitive landscape is inclusive of the various business strategies adopted by these major players and their recent developments in the field of electric traction systems. Further, the report includes the market attractiveness analysis of different types of electric traction systemsand insight into the major end-use industry of the electric traction systems.

The report also provides assessment of different drivers that is impacting the global market, along with the restraints and opportunities that has also been covered under the scope of this report. For each segment (such as type,end-use industry), market dynamics analysis has been provided. All these factors help in determining different trends that has been impacting the overall market growth. Moreover, after taking into consideration all this factors, an extensive analysis of the region wise growth parameters of electric traction systems market along with the overall assessment for the forecast period of 2017-2025 has been also been provided within this report.Moreover, the report includes the patents analysis is also included in the scope of the research.

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Some of the leading players in the market are ABB, Ltd. (Switzerland), Alstom S.A. (France),  The KON?AR Group (Croatia), Siemens AG (Germany), Delphi Automotive LLP (The U.K.), Voith GmbH (Germany), Mitsubishi Electric Corporation (Japan), Schneider Electric SE (France), The Curtiss-Wright Corporation (The U.S.), Prodrive Technologies (The Netherland), Toshiba Corporation (Japan), General Electric, Co. (The U.S.), CG Power and Industrial Solutions Ltd. (India), Bombardier Inc. (Canada), American Traction Systems (The U.S.), VEM Group (Germany), Caterpillar Inc. (The U.S.), TTM Rail - Transtech Melbourne Pty Ltd. (Australia), Kawasaki Heavy Industries Ltd. (Japan), Traktionssysteme Austria GmbH (Austria), Hyundai Rotem Company (South Korea), Hitachi, Ltd. (Japan), Ansaldo Signalling and Transportation Systems (Italy), Skoda Transportation a.s. (Czech Republic), Wabtec Corporation (The U.S.) and Schneider Electric SE (France) among others.

The electric traction systems market has been segmented as follows:

Global Electric Traction Systems Market by Type

Electric Traction Transformer

Electric Traction Motor

Electric Traction Generator

Electric Traction Inverter

Electric Traction Converter

Others

Global Electric Traction Systems Market by End-use Industry

Automotive

Oil & Gas

Power Engineering  / Electrical Engineering

Mining

Transportation

Others

Railways

Others

Electric Traction Transformer

Electric Traction Motor

Electric Traction Generator

Electric Traction Inverter

Electric Traction Converter

Others

Global Electric Traction Systems Market by Region

North America

Europe

Asia Pacific

Middle East and Africa

South America

The U.S.

Rest of North America

The U.K.

Germany

France

Russia

CIS (Except Russia)

Italy

Poland

The Czech Republic

Switzerland

Austria

Rest of Europe

China

Japan

India

South Korea

Australia

Rest of Asia Pacific

United Arab Emirates

Iran

South Africa

Rest of Middle-East & Africa

Argentina

Brazil

Rest of South America

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