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EV Battery Lifecycle Management: Fostering Circular Economy Innovation
As the world moves toward electric transportation, the supply chain for electric vehicle batteries is coming under scrutiny. To support a circular economy, manufacturers must adopt sustainability measures to reduce waste and pollution. Its not just about being environmentally friendly; It’s also about being financially viable.
To truly make an impact on climate change, we need a robust battery life-cycle loop that covers everything from sourcing materials to recycling and reuse. To achieve this, battery and EV manufacturers, original equipment manufacturers battery refurbishers and recyclers must work together to ensure optimal use of EV batteries.
One way to improve sustainability in the Lithium-ion battery supply chain is through recycling. But traditional recycling methods can be inefficient and slow, thats where Hitachi can help. Our Life Cycle Management solution uses technology and data to optimize battery use and recycling, delivering both environmental and economic benefits.
Hitachi’s rapid diagnostics can flag batteries that are nearing the end of their life in just two minutes, saving time and increasing efficiency. By leveraging data-driven insights across the entire battery lifecycle, improved labeling, unique serialization and cloud capture can be achieved.
At Hitachi, sustainability is at the core of our mission and approach to continuously improve and expand future capabilities for the life cycle management ecosystem.
Discover how Hitachi is unlocking value for society with Sustainable Innovation in Transportation & Mobility:
#ev battery life cycle#battery lifecycle management#battery management solutions#ev battery management#lithium-ion battery recycling#ev battery recycling#ev battery disposal#ev battery degradation#lithium ion battery lifespan#lithium ion battery manufacturing#ev battery raw materials#ev battery maintenance#EV#electric vehicle#sustainability of lithium ion batteries#lithium ion battery charging life cycle#solutions related to battery disposal#lithium battery co2 emissions#hitachi life cycle management solution#sustainable mobility
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TOP IT COMPANIES OF NEW DELHI-NCR
Although Delhi is not on the list of four cities that have made a name for themselves in the information technology (IT) industry and their economy is thriving in the sector, it is fast catching up. Leading the list is, of course, Bangalore, India’s silicon region, followed closely by Hyderabad, Kennai and Pune where most of the major software and ITES companies are located. As for Delhi, it has hundreds of software companies but not a few that make it a top league.
Delhi, the capital of India, is proud of all the government offices and buildings in India. In addition, it is also famous for its rich culture and heritage. From old buildings to new supermarkets and offices, Delhi has a combination of everything. However, most people do not know that Delhi / NCR also participate in many top IT companies in Delhi, India and, therefore, make it a city for everyone.
It is important to install the NCR to better understand the growth of the sector. Noida and Gurgaon are both satellite cities and sub-states of Uttar Pradesh and Haryana, respectively, with a strong and strong IT industry to grow. Noida, which is very close to Delhi, is home to many software companies, many of which operate outside the software development park. The availability of trained professionals from various engineering centers in Noida and the suburbs that provide cheap labor has attracted the industry to the city and is now giving Bangalore the money to buy!
Gurgaon has grown in recent years not only back in the real estate sector but IT or the BPO industry is equally responsible for the city’s tremendous growth and development. Nearly all major BPO industries such as Genpact (which was the first), Convergys, HCL, Accenture, EXL, Wipro and many other telecommunications facilities fill a few hundred to a few thousand seats operating outside the Gurgaon glazed glass towers. The availability of a large number of English-speaking workers, cheaper power (and increasingly growing) and the ‘useful time’ separation between the United States and Europe and India, have had a significant impact on local economic growth. Delhi itself has specialized experience in web development and design as a unique marketing point. You can find the best web services competing with your counterparts in the West and India at very competitive prices. All web services games include design, development, web marketing, Search Engine Optimization (SEO), static and dynamic websites and ecommerce websites and solutions. Money stands in Delhi in terms of web development and without a doubt; you can get the highest amount of money spent.
The top 10 IT companies in Delhi-NCR are as follows-
1. HCL Infosystems Ltd. HCL Infosystems is part of HCL Enterprise. HCL Info-system systems were introduced with the production of micro-computing calculators back in 1976. It is an IT and distribution Services Company and a solution company based in India. The company operates in a variety of categories including Distribution & Learning, Hardware Products & Services. The company has a wide range of product portfolio including Digitally Enabled Learning & Career Development Solutions, IT & Services Integration Services and the distribution of technology and mobility services. The company is among the top 10 IT companies in Delhi-NCR.
Category: Information Technology (IT) Sub-Industry: IT- Hardware Company Type: India’s Top 500 Office Level: Head Office Location: Noida / Uttar Pradesh — 201301
2. HCL Technologies Ltd. HCL Technologies Ltd was founded in 1976 by Shiv Nadar. Its headquarters are in Noida, India. It offers a variety of services including IT, Business Consulting and Outsourcing Services. It is an Indian MNC company. It operates in a variety of fields including health science and health care, aerospace and defense, energy and resources, retail and consumer, small operator, travel, communications, storage, hospitality, etc. The company is among the top 10 IT companies in Delhi. -NCR.
Category: ITES — BPO, KPO, LPO, MT, Information Technology (IT) Sub-industry: BPO, KPO, Call Center, IT Software, App Development Company Type: India’s Top 500 Office Level: Head Office Location: Noida / Uttar Pradesh — 201303
3. Hitachi Systems Micro Clinic Pvt Ltd Hitachi Systems Micro Clinic Pvt Ltd was established in 1991. The company is well known and famous for designing IT platforms that work well to help Government and PSUs deal with growing challenges and uncertainties. It is a well-known Indian product of Integrated IT Solutions. It is having expertise in providing the latest security services and reliable IT solutions.
Category: Information Technology (IT) Sub-Industry: IT- Cloud Computing, Datacenter, Networking, Security Company Type: MNC Office Level: Head Office Location: New Delhi / Delhi — 110020
4. Iris Computers Ltd. Iris Computers Ltd was established in 1996. It is one of the top 10 IT companies in Delhi-NCR. Also, it is one of the largest IT distribution companies in India. The company provides desktop, laptop, and printer, CCTV camera, workspace, computer software, keyboard, and hard disk products, as well as providing nIris Computers Ltd.
Category: Information Technology (IT) Sub-Industry: IT- Hardware Company Type: 501–1000 India Office Level: Head Office Location: New Delhi / Delhi — 110037 Phone number: Click here Website: Click hereetwork installation, management, support, and storage services.
5. Microsoft Corporation India Pvt Ltd Microsoft India Private Limited is a subsidiary of the Microsoft software company Microsoft Corporation, headquartered in Hyderabad, India. The company has offices in all major cities of India including Kochi, Hyderabad, Mumbai, Delhi, NCR, Ahmedabad, Pune, Kolkata, etc. Microsoft India operates six business units in India-
a. Microsoft India (R&D) Private Limited b. Microsoft IT India (MSIT India) c. Microsoft Microsoft Services Global Delivery (MSGD) d. Microsoft Research India (MSR India) e. Microsoft Corporation India Pvt. Ltd. (MCIPL) f. Center Microsoft Support Technology Center (NTSC)
Category: Information Technology (IT) Sub-Industry: IT Software, App Development Company Type: MNC Office Level: Head Office Location: Gurgaon / Gurugram / Haryana — 122002
6. NIIT Technologies Ltd. INIIT Technologies Ltd was founded in 2004 by Rajendra S. Pawar and Vijay K. Thadani. It offers a variety of services including outsourcing services, business consulting and IT. The company has a customer base throughout Asia, Europe, North America and Australia. It provides a variety of services including IP assets and platform solutions, application development and maintenance, infrastructure management services and business process outsourcing. It is one of the top 10 IT companies in Delhi-NCR.
7. Oracle India Pvt Ltd Oracle India Pvt Ltd is one of the top 10 IT companies in Delhi-NCR. It was founded in 1977, in Santa Clara, California by Larry Ellison, Bob Miner, Ed Oates. Its headquarters are in Redwood Shores, Redwood City, California, United States. The company focuses on building and marketing cloud-based applications, data and technology software, and enterprise software products.
Category: Information Technology (IT) Sub-Industry: IT Software, App Development Company Type: MNC Office Level: Head Office Location: Gurgaon / Gurugram / Haryana — 122003 Phone number: Click here Website: Click here
8. Ricoh India Ltd. One of the top 10 IT companies in Delhi-NCR, Ricoh India Ltd is based in Tokyo. It has a global technology leader with jobs in many countries around the world. It has an Indian network in a pan with more than 1000 business partners. The company was founded in 1936. The company is involved in the provision of information technology (IT) services, printers and other resources. It focuses mainly on office imaging equipment, production printing solutions, and document management systems. It offers a variety of products and solutions, including office printers, digital printers, production printers, production systems, and video conference solutions, and related software technologies.
9. Siemens Industry Software India Pvt Ltd Siemens PLM software is a world-leading provider of muscle management products and manufacturing operations management software. The company’s main function is to provide product life cycle management and CAD / CAM software and services related to hi-tech technology, design, and manufacturing throughout the UK and other parts of the world.
Category: Information Technology (IT) Sub-Industry: IT Software, App Development Company Type: MNC Office Level: Head Office Location: Gurgaon / Gurugram / Haryana — 122002
10. Team Computers Pvt Ltd Team Computers Pvt Ltd was founded in 1987 by Ranjan Chopra. The company provides information technology services. The company provides IT infrastructure, data, cloud, business applications, and managed service solutions. The company has 25+ offices throughout India. It is one of the most well-known companies in the IT industry.
Category: Information Technology (IT) Sub-Industry: IT- Hardware, IT- Cloud Computing, Datacenter, Networking, Security Company Type: Industry Top Office Level: Head Office Location: New Delhi / Delhi — 110066
That was exactly the list of the 10 best IT companies in Delhi. Delhi as the capital of India has all the amenities and luxury one looks for in any major city. For tech-savvy people, choosing multiple IT companies in the capital is just a piece of cake:
So what are you waiting for? Go Dillii!
To assist you in your search for partners, we have compiled this list of the top Delhi software development companies. Browse through descriptions, feedback, and awards to find out which ones best fit your company’s needs.
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Data Protection Market (2019-2027) HPE, Symantec
The Data Protection Market Research report provides an in-depth analysis of the industry, including current and future growth patterns, end-user analysis and key data that have been validated by experts. This report examines the market's importance, share and size, demand and supply as well as models, competitive landscape, industry chain analysis and other important factors. It also includes a detailed analysis of the industry's driving factors and the likely micro-economic factors that will affect its future development.
The Data Protection Market Research Report assesses the global Data Protection Marketplace industry market. It includes sales and capacity forecasts for 2021-2028. This report highlights the key factors that are driving industry growth. For a better understanding of the Data Protection market, the report splits it into broad categories, such as forms and applications, end-user, technology, etc. These segments are examined carefully to provide a greater understanding of global and regional markets. The report includes details of key industry players such as company overviews, product portfolios, growth strategies, revenue generation and revenue sharing, market share and size, geographical presence and market size forecast and development.
Data Protection Market was valued US$ 56.90 Bn in 2019 and is expected to reach US$ 170.68 Bn by 2027, at CAGR of 17.04% during forecast period.
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The market segments and sub-segments have been thoroughly researched and the report has determined which market segment is likely to dominate the market in the future. This report includes detailed information on regional market performance and competitive analysis in order to assist clients in making informed decisions about their investments in the Data Protection market.
The report includes extensive analysis of market leaders, their business overview, expansion plans and strategies. The report covers the following:
• HPE • Symantec • CA Technologies • Mcafee • Oracle Corporation • Quest Software • Netapp • Veeam • Acronis • Amazon Web Services, Inc. • Dell EMC • Commvault Systems, Inc. • Quantum Corporation • Veritas Technologies • Hewlett Packard Enterprise Company • Carbonite, Inc
Data Protection Market Segmentation
Small and Medium-sized Enterprises segment is projected to grow at a higher CAGR during the forecast period, because of the increasing incidences of data breaches on enterprise cloud applications, as soon as, rise in the sophistication level of cyber-attacks. However, the large enterprises segment is projected to account for the larger share of the global data protection market in 2019. Large enterprises were the early adopters of global data protection solutions, as they use a large number of business applications that are susceptible to cyber-attacks.
Data Protection Market, by Product Type
The report analyzes the openings in the market for stakeholders by identifying the high-growth segments of the market. Furthermore, the report profiles the key trends of the market and lengthily analyzes their core competencies, such as new product launches; acquisitions; and partnerships, agreements, and collaborations. Furthermore, the report also covers detailed information regarding the main factors influencing the growth of the market.
Data Protection Market Report Scope
Global Data Protection Market by Component:
• Solutions o Data Backup and Recovery o Data Archiving and EDiscovery o Disaster Recovery o Encryption o Tokenization o Data Loss Prevention o Identity and Access Management o Compliance Management • Services o Professional Services Risk Assessment and Consulting Services Implementation and Integration Services Support and Maintenance Services Training and Education Services o Managed Services Global Data protection Market by Deployment Model:
• Cloud • On-Premises Global Data protection Market by Organization Size:
• Small and Medium Enterprises • Large Enterprises Global Data protection Market by Industry:
• Government and Defense • Banking, Financial Services, and Insurance • Healthcare • IT and Telecom • Consumer Goods and Retail • Education • Media and Entertainment • Manufacturing • Others
REPORT ATTRIBUTE INFO
For years 2021-2028, market size available
Considered the base year for 2021
Historical data 2015-2020
Forecast Period 2021-2028
Segments covered Types, Applications and End-Users.
Report Coverage Revenue Forecast, Company ranking, Competitive Landscape and Growth Factors and market trends
Regional Scope North America. Europe, Asia Pacific. Latin America. Middle East and Africa.
You can customize your report for free when you purchase. Modification or addition to the country, regional and segment scope.
Pricing and purchase options. You can get a customized purchase option to suit your specific research needs. Check out your purchase options
Geographic Segment Covered by the Report
The Data Protection Report provides market information, which is further sub-divided into regions and countries. This report includes information on profit potentials, in addition to market share data for each country. This section includes information about the market share, growth rate and economic opportunities for each region, sub-region and countries in the period.
Middle East and Africa (GCC Countries & Egypt)
North America (The United States and Canada).
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam. China. Malaysia. Japan. Philippines. Korea. Thailand. India. Indonesia.
Visualize Data Protection Market using Maximize Market Intelligence:-
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Maximize Market Research (MMR) provides syndicated and custom-designed business and market research on 6,000 emerging technologies and potential opportunities within Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defence and various other industries. MMR is well-positioned to analyse forecast, estimate and predict the size of the market, along with the analysis of the competitive landscape in the industry. In addition our experts in the field can help you predict and forecast the life cycle of products disruptions, disruptive technologies, and the changes to the marketplace. This allows business leaders and decision-makers to make informed and objective decisions that aid in strategic planning over two decades to come. Maximize Market Research has been an effective partner for a variety of prominent clients like Yamaha, Sensata, Etnyre in Canada and ALCOR M&A Microsoft. Yamaha BASF Shell ,IBM,Samsung, Apex Unisys Siemens ,Hitachi ,PWC, EY ,SKF ,Bayer, Cheiljedang ,Atlas, Copco Alcor, LG Electronics, Tata Motors, Schneider Electronics ,Kearney, Midea Thyssenkrupp,L3Harris, ITC P&G 3M Tenaris HUL Allstate MRF Bridgestone ,Godrej Industries ,Tata Chemical etc.
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More Report Related links: Global Healthcare Chatbot Market
Global Wi-Fi Analytics Market
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Growth in Advancements in Sensor Technology Expected to Drive North America Smart Factory Market: Ken Research
Smart factory is an advanced factory that has different cyber-physical frameworks where materials can be moved proficiently across the factory floor. It has integrated computing codes that provides a number of automation solution. Smart factory provides different data models and factory- specific & manufacturing execution systems (MES) templates for rapid use. It boosts productivity along with cutting down the operational costs in comparison with traditional production systems.
As per analysis, “North America Smart Factory Market 2020-2026 by Component, Product (Industrial 3D Printing, Sensors, Machine Vision, Industrial Robots, Industrial Network, Control Devices), Technology, End User, and Country: Trend Forecast and Growth Opportunity” some of the key manufacturers operating in the North America smart factory market include Fanuc Corp., Adept Technology Inc., Danaher Corporation, FLIR Systems Inc., Honeywell International Inc., Genmark Automation, Inc., Bharat Heavy Electrical Ltd, ABB Ltd., ATOS SE, Cisco Systems, Inc., Daihen Corp., Comau S.p.A, Ellison Technologies Inc., Cognex Corporation, Emerson Electric Co., Fanuc Corp., Hitachi, Ltd., General Electric Co., Epson Robotics, Mitsubishi Electric Corp., Kawasaki Robotics Inc., NovaTech Process Solutions LLC, Nachi Fujikoshi Corp., Metso Corporation, Konux Inc., Johnson Controls Inc, Kuka Aktiengesellschaft, Nextnine Ltd, Panasonic Corporation (Activelink), Omron Corporation, Rethink Robotics, Inc., Oracle Corporation, Pari Robotics, Staubli International AG, Samsung Electronics, Rethink Robotics, Inc., Rockwell Automation Inc., Schneider Electric SE, Robert Bosch GmbH, Toshiba Machine Co., Ltd., Yamaha Robotics, Yokogawa Electric Corporation, Universal Robots, Siemens AG, Yaskawa Electric Corp., Wipro Limited, Schneider Electric SE, Yokogawa Electric Corporation and among others.
On the basis of component, North America smart factory market is bifurcated into software, hardware and services. On the basis of product, market is bifurcated into sensors, industrial 3D printing, industrial robots, machine vision, control devices and industrial network. Industrial robots are further sub-segmented as cylindrical robots, collaborative robots, SCARA robots, delta/parallel robots and other industrial robots. Machine vision is further sub-segmented as cameras, enclosures, processors, frame grabbers, lighting, integration services, and other machine vision systems. Control devices segment is further sub-segmented as relays & switches and servo motors & drives. Additionally, industrial network is further sub-segmented a wired network, wireless network and RFIS system. On the basis of technology, market is bifurcated as Supervisory Control and Data Acquisition (SCADA), Product Life Cycle Management (PLM), Programmable Logic Controller (PLC), Manufacturing Execution System (MES), Plant Asset Management (PAM), Human-Machine Interface (HMI), Distributed Control System (DCS), Enterprise Resource Planning (ERP) and other technologies. In addition, on the basis of end-user, market is bifurcated as metals & mining, chemical & petrochemical, oil & gas, aerospace & defense, food & beverage, automotive, pharmaceutical, semiconductor & electronics and other end-users.
The North America smart factory market is driven by growth in advancements in sensor technology, followed by rise in adoption of robots in industries, increase in emphasis on real-time data analysis and growth in need for improving efficiency and energy saving in the manufacturing process. However, requirement of a significant amount of capital investments and risk associated with security of cyber-physical system may impact the market. Moreover, growth in advancements in 3D printing technology is a key opportunity for market. Furthermore, lack of awareness in small & medium-sized businesses is a major challenge for market.
By regional analysis, the North-America region is bifurcated as Mexico, Canada and U.S. It is projected that future of the North America smart factory market will be bright as a result of rise in adoption in the automotive segment during the forecast period.
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North America Smart Factory Market Research Report
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Global Smart Factory Market 2020-2026 by Component, Product (Industrial 3D Printing, Sensors, Machine Vision, Industrial Robots, Industrial Network, Control Devices), Technology, End User, and Region: Trend Forecast and Growth Opportunity
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Identity Management Solutions Market Segmentation, Parameters and Major Players Analysis 2021 and Forecast 2027| Key players- Amazon Web Services, CA Technologies, Centrify Corporation and more
Data Lab Forecast Insights has recently updated its massive report catalogue by adding a fresh study titled “Global Identity Management Solutions Market – Industry Analysis, Size, Share, Growth, Trends, & Forecast 2021 – 2027″. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2027. The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated with the growth of manufacturers in the global market for Identity Management Solutions. Along with these insights, the report provides the readers with crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market. Get the PDF Sample Copy of This Report @https://www.datalabforecast.com/request-sample/57147-identity-management-solutions-market
North America accounted for the largest share in the Identity Management Solutions market in 2020 owing to the increasing collaboration activities by key players over the forecast period
Identity Management Solutions Market report provides key statistics on the market status of the Identity Management Solutions Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Identity Management Solutions Market Industry. The Identity Management Solutions Market Report also presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the market. Top Key Players Profiled in this report: Amazon Web Services, CA Technologies, Centrify Corporation, Dell, ForgeRock, Hewlett Packard, HID Global Corporation, Hitachi Id Systems, IBM, Intel, McAfee, Microsoft, NetIQ Corporation, Okta, OneLogin, Open IAM, Oracle Corporation, Sailpoint Technologies, SecurIT, Siemens Detailed Segmentation: • Global Identity Management Solutions Market, By Product Type: • Cloud, On-Premises. • Global Identity Management Solutions Market, By End User: • Application A, Application B, Application C. Identity Management Solutions Market Reports cover complete modest outlook with the market stake and company profiles of the important contestants working in the global market. The Identity Management Solutions Market offers a summary of product Information, production analysis, technology, product type, considering key features such as gross, gross margin, gross revenue, revenue, cost. Key Stakeholders Covered within this Identity Management Solutions Market Report • Identity Management Solutions Manufacturers • Identity Management Solutions Distributors/Traders/Wholesalers • Identity Management Solutions be component Manufacturers • Identity Management Solutions Industry Association • Succeeding Vendors There is Multiple Chapter to display the Global Identity Management Solutions Market some of them as Follow Chapter 1, Definition, Specifications and Classification of Identity Management Solutions, Applications of Identity Management Solutions, Market Segment by Regions; Chapter 2, Manufacturing Cost Structure, Raw Materials, and Suppliers, Manufacturing Process, Industry Chain Structure; Chapter 3, Technical Data and Manufacturing Plants Analysis of Identity Management Solutions, Capacity, and Commercial Production Date, Manufacturing Plants Distribution, R&D Status and Technology Source, Raw Materials Sources Analysis; Chapter 4, Overall Market Analysis, Capacity Analysis (Company Segment), Sales Analysis (Company Segment), Sales Price Analysis (Company Segment); Chapter 5 and 6, Regional Market Analysis that includes the United States, China, Europe, Japan, Korea & Taiwan, Identity Management Solutions Segment Market Analysis (by Type); Chapter 7 and 8, The Identity Management Solutions Segment Market Analysis (by Application) Major Manufacturers Analysis of Identity Management Solutions; Chapter 9, Market Trend Analysis, Regional Market Trend, Market Trend by Product Type Natural preservative, Chemical preservative, Market Trend by Application; Chapter 10, Regional Marketing Type Analysis, International Trade Type Analysis, Supply Chain Analysis; Chapter 11, The Consumers Analysis of Global Identity Management Solutions; Chapter 12, Identity Management Solutions Research Findings and Conclusion, Appendix, methodology and data source; Chapter 13, 14 and 15, Identity Management Solutions sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
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Identity Management Solutions Market
Why this is Important Report to you? It helps To analyze and study the Global Identity Management Solutions Market capacity, production, value, consumption, status Focuses on the Key Identity Management Solutions manufacturers, to study the capacity, production, value, market share and development plans in future. Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis. To define, describe and forecast the market by type, application, and region. To analyze the global and key regions market potential and advantage, opportunity, and challenge, restraints, and risks. To identify significant trends and factors driving or inhibiting market growth. To analyze the opportunities in the market for stakeholders by identifying the high growth segments. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the Identity Management Solutions Market. To strategically profile the key players and comprehensively analyze their growth strategies. It provides a forward-looking perspective on different factors driving or restraining Market growth. It provides a six-year forecast assessed on the basis of how the Market is predicted to grow. It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors. It helps in making informed business decisions by having complete insights and by making an in-depth analysis of Market segment. We Offer Customized Report, Click @ https://www.datalabforecast.com/request-customization/57147-identity-management-solutions-market Lastly, this report covers the market Outlook and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the significant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives a short summary on potential regional market. About Us Transforming Information into Insights We pride ourselves in being a niche market intelligence and strategic consulting and reporting firm driven towards resulting in a powerful impact on businesses across the globe. Our accuracy estimation and forecasting models have earned recognition across majority of the business forum. We source online reports from some of the best publishers and keep updating our collection to offer you direct online access to the world’s most comprehensive and recent database with skilled perceptions on global industries, products, establishments and trends. We at ‘Data Lab Forecast’, wish to assist our clients to strategize and formulate business policies, and achieve formidable growth in their respective market domain. Data Lab Forecast is a one-stop solution provider right from data collection, outsourcing of data, to investment advice, business modelling, and strategic planning. The company reinforces client’s insight on factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys, among others. Contact: Henry K Data Lab Forecast Felton Office Plaza 6375 Highway 8 Felton, California 95018, United States Phone: +1 917-725-5253 Email: [email protected] Website: https://www.datalabforecast.com/ Follow Us on: LinkedIN | Twitter | Data Lab Forecast, Identity Management Solutions, Identity Management Solutions Market, Identity Management Solutions Market Size, Identity Management Solutions Market Trends, Identity Management Solutions Market Forecast, Identity Management Solutions Market CAGR, Identity Management Solutions Market, Google News, Amazon Web Services, CA Technologies, Centrify Corporation, Dell, ForgeRock, Market Strategies, DLF
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Remote Asset Management Market Trends, Size, Share, Growth Insight, Comprehensive Research Study, Leading Players, Regional Analysis, and Global Industry Forecast
According to Market Research Future (MRFR), the global remote asset management market is expected to reach USD 27 billion, with 27% CAGR from 2017 to 2022 (forecast period). The report outlines the main factors that are likely to significantly boost or impede the growth of the global remote asset management market. The study also sheds light on the possible impact of COVID-19 on the development of the global remote asset management market.
Remote maintenance and monitoring of equipment, assets, and systems with the assistance of the central system is known as remote asset management. The different features of this system include asset control and tracking, intrusion detection, and real-time notification. A remote asset management system helps organizations automate a number of their routine business tasks and make full use of their resources to help them simplify their decision-making.
Market Dynamics
The growing acceptance of IoT in various organizations for different businesses has contributed to an increase in the number of connected devices that can incorporate different elements of the asset lifecycle. This is the main factor that contributes to the growth of the remote asset management market. The minimization of the cost of IoT components has generated a worldwide demand for the product. The increasing need for real-time monitoring and preventive and predictive maintenance across organizations has created a demand for a remote asset management system. The implementation of remote asset management systems has dramatically enhanced the return on investment of asset-intensive enterprises, thus increasing the demand for systems. The advent of cloud-based remote asset management solutions has made implementation cost-effective, opening up new opportunities for market players.
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Market Segmentation
For the purpose of this study, MRFR has divided the global remote asset management market into solution and application.
By solution, the global remote asset management market has been segmented into surveillance and security, network bandwidth management, asset performance management, application management, connectivity management, professional services, managed services, real-time location tracking, asset condition monitoring, and predictive maintenance.
By application, the global remote asset management market has been segmented into automation, healthcare and wellness, smart retail, utilities and grids, production monitoring, connected logistics, fleet management, and others.
Regional Analysis
By region, the global remote asset management market has been segmented into North America, Europe, Asia Pacific, and the rest of the world.
North America dominates the market for remote asset management systems. The growth of this regional market is powered by the rapid speed of digitization, significant developments in the field of IoT, and the growing adoption of automated real-time solutions across various organizations. In addition, the growing presence of regional solution providers offering cloud-based remote asset management solutions is expected to generate demand for remote asset management in the North American region.
Market growth in the Asia Pacific region is attributed to the increasing popularity of IoT among different companies in order to streamline and manage their asset life cycles.
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Key Players
The key participants identified by MRFR operating in the global remote asset management market include IBM Corporation (U.S.), Cisco Systems, Inc (U.S.), AT&T Intellectual Property (U.S), Hitachi, Ltd. (Japan), Verizon Communications, Inc. (U.S.), PTC Inc. (U.S.), SAP SE (Germany), Rockwell Automation, Inc. (U.S.), Schneider Electric SE (France), Infosys Limited (India) and others.
About Market Research Future:
Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.
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Motor Graders Market - Competitive Dynamics, Trends, Forecast 2027
The global motor graders market is expected to achieve a healthy CAGR over the course of the given forecast period of 2019 to 2027. The functional advantages of motor graders are expected to accelerate the growth of the global market in coming years. These motor graders have recently become one of the most vital choices for multiple industries, especially, at the site of mining, construction, and building. These motor graders help in saving costs of labor while improving the overall fuel efficiency. They also perform several important tasks and activities such as ground leveling, leveling of soil, making surfaces smoother, moving dumps of dirty and debris, and also establishing foundations pads of native soil. All such activities can be achieved with greater efficiency and at lower costs. Naturally, the importance of motor graders is starkly improving and thus helping in the overall development of the market.
A key trend that has been observed in the global motor graders market is of repair and rebuilding of these motor graders. The life cycle of these motor graders is limited and is considerably affected by extensive use. The overall quality of these motor graders deteriorates as the time passes and its age and performance start to affect significantly. As the wear and tear of the machine increases, the productivity takes a hit as there are some mechanical or electrical problems in the machine. Thus, the rebuilding and repairing of old motor graders have become a highly popular trend. The skilled mechanics work on repairing these older motor graders and removing the recurring problems. The operational benefits of these motor graders are simply too high to be ignored and thus, this trend of repairing and rebuilding the old machines is expected to help the global market to develop even further.
Motor Graders Market - Introduction
Motor graders also known as road graders, are construction vehicles used for leveling soil or ground during the grading process. The vehicle is equipped with a long blade which helps to create a flat surface. Usually, motor graders are used for the construction and maintenance of dirt and gravel roads in the construction industry. In the global market, motor graders are available with engine capacities ranging from 60 kilowatt to 373 kilowatt and blades ranging from around 2.5 meters to 7.3 meters. Motor graders are used for different applications in the mining and construction industry by operating with multiple attachments. Motor graders are also used for soil foundation before building construction. In brief, motor graders are increasingly being used in mining and construction applications to create a smooth surface during the process of construction.
Motor Graders Market –Competitive Landscape
In December 2014, Hitachi Construction Machinery Co., Ltd. launched EH3500AC-3 and EH4000AC-3, rigid dump truck models used in large-scale mining operations.
In July 2018, Caterpillar Inc. entered into a collaboration agreement with U.S. based Newmont Mining to validate and enhance the underground hard rock mining vehicle automation technology.
CNH Industrial NV
Established in 2012, CNH Industrial NV is based in London, U.K. The company designs, produces, and sells agricultural equipment and commercial vehicles. It operates through the following business segments: commercial vehicles, construction equipment, agricultural equipment, powertrain, and financial services. It has manufacturing plants, research and development centers, and a commercial presence across Latin America, North America, Middle East & Africa, and Asia Pacific.
Deere & Company
Founded in 1837, Deere & Company is based in Moline, Illinois, U.S. The company involves in the manufacture and distribution of equipment used in construction, agriculture, forestry, and turf care. Deere & Company operates through the following segments: construction and forestry, agriculture and turf, and financial services. The company’s product portfolio comprises agriculture and turf equipment, service parts, and other outdoor power products; and machines and service parts used in earthmoving, construction, timber harvesting, and material handling. It markets its products through a worldwide network of distributors and dealers.
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Hitachi Construction Machinery Co., Ltd.
Founded in 1970, Hitachi Construction Machinery Co., Ltd. is headquartered in Tokyo, Japan. The company engages in the production, sale, post-sale service, and rental of industrial and construction machinery. Hitachi Construction Machinery Co., Ltd. operates through the following business segment: construction machinery and solution segments. Its product portfolio includes mini excavators, medium excavators, large excavators, metal recycling equipment, demolition equipment, wheel loaders, forest machines, rigid dump trucks etc. The company also provides technical training, troubleshooting, and extended warranty services; and mine management services.
Caterpillar Inc.
Incorporated in 1925, Caterpillar Inc. is based in Deerfield, Illinois, U.S. The company offers construction and mining equipment, industrial gas turbines, diesel and natural gas engines, and diesel-electric locomotives. It operates through the following segments: construction industries, energy and transportation, resource industries, financial products, and all other.
Komatsu Ltd.
Founded in 1921, Komatsu Ltd. is based in Tokyo, Japan. The corporation possesses expertise in the manufacturing of mining, forestry, construction, and military equipment, as well as industrial equipment such as lasers, press machines, and thermoelectric generators. The company operates through three business segments: retail finance; construction, mining, and utility equipment; and industrial machinery and others.
Some of the other significant players in the motor graders market are Mitsubishi Heavy Industries, Ltd., Liugong Machinery Co., Ltd., Sinomach-HI (Luoyang) Co., Ltd., Terex Corporation, and Volvo Construction Equipment (AB Volvo), among others.
Motor Graders Market - Dynamics
Operational Benefit of Motor Graders Promotes the Growth of the Market
Motor graders are increasingly being used in building construction, road construction, and mining sites for mixing materials due to its various operational benefits. These equipment are useful to perform various tasks such as making fine grades, smooth surfaces, setting native soil foundation pads, shifting small amounts of dirt, and leveling soil or ground. These operational benefits are expected to boost the sales of motor graders in the coming years.
Rising Manufacturing Cost Hinders the Growth of the Market
Raw materials of motor graders include bronze, iron ore, stainless steel, and other metal alloys. The fluctuating prices of these raw materials cause reluctance among manufacturers regarding the production of motor graders, thereby hindering the growth of the motor graders market. In addition, high initial investment and purchasing cost of motor graders is expected to hamper its adoption rate among small scale end-users and as a result this is expected to restrict the growth of the market in the upcoming years.
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Motor Graders Market –Segmentation
The motor graders market can be segmented based on:
Type
Capacity
Application
Region
Motor Graders Market Segmentation – By Type
Based on type, the motor graders market can be fragmented into:
Rigid Frame Motor Grader
Articulated Frame Motor Grader
Motor Graders Market Segmentation – By Capacity
In terms of capacity, the motor graders market can be bifurcated into:
Small Motor Graders (80 – 150 HP)
Medium Motor Graders (150 – 300 HP)
Large Motor Graders (Above 300 HP)
Motor Graders Market Segmentation – By Application
Based on application, the motor graders market can be classified into:
Construction
Mining
Others
The report on the motor graders market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The motor graders market report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on motor graders market segments and geographies.
Regional analysis of the motor graders market includes:
North America
Europe
Asia Pacific
Middle East & Africa (MEA)
South America
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Remote Asset Management Industry is estimated to grow by ~27% of CAGR during forecast period 2017–2022
Remote Asset Management Industry
A remote asset management software is the perfect tool for a modern day enterprise owner. It enables you to keep tabs on your assets & aids in managing them much more efficiently. This technology basically paves way for a dual sided communication amongst the asset and the central application authority. It can be utilized effectively to employ and control the asset much more suitably than before. Lately, the demand for this software has risen drastically. Thanks to this, the remote asset management market is being benefitted.
In simple words remote asset management enables the recipient to monitor an asset since the time it was brought to the time its service life ends. In business terms — from procurement to disposal. By the use of this software users can get to know the exact location of their product, how it is being employed and other essential information regarding it.
This comprehensive tool can help business owners manage their assets in the right manner. By doing this they can garner the best results for their business. Majority of the companies these days are opting for this beneficial software. Going by this, it can be confidently said that this technology will achieve great heights of success in the coming years.
Market Scenario
The industrial sector is flooded with various kinds of technological advancements. Due to this it can be confidently asserted that in the coming years this market will garner a whole lot of benefits. In terms of revenue, the market is expected earn around USD 26.57 billion. During the forecast period of 2018–2022, the market is estimated to tread forward at a staggering CAGR of 26.89%.
There are many growth drivers collectively bring about success and development for this market. One of the major growth propellers is the heightened usage of wireless communication in the industrial & commercial sectors. As a result of excessive usage, the market has been hugely benefitted.
Another factor that further drives the growth of the market is the higher necessity for adoption of internet of things based asset management. In addition to these, there are some other factors like improving asset service cycle and drop in the cost of ioT components further foster the growth of the market.
Remote Asset Management Market
According to Market Research Future, market has been segmented into application, solutions and region.
By Solutions-
Surveillance and security
Network Bandwidth management
Asset Performance management
Application management
Connectivity management
Professional services
Managed services
Real-time location tracking
Asset condition monitoring
Predictive maintenance
By Application-
Automation
Healthcare and wellness
Smart retail
Utilities and grids
Production monitoring
Connected logistics
Fleet management
Others
Connected logistics & fleet management accounted for the largest market share because of the integrating advanced technologies, delivering real-time online information for vehicle maintenance, vehicle status whether its moving or stopped, engine status and others. It also helps supply chain managers because of asset tracking.
Predictive maintenance accounted for the largest market share majorly due to providing solutions for asset failure or quality issues, reduction in maintenance costs. Also, predictive maintenance plays an important role across various industries.
The key players in the global remote asset management market include IBM Corporation (U.S.), Cisco Systems, Inc U.S.),AT&T Intellectual Property (U.S), Hitachi, Ltd. (Japan), Verizon Communications, Inc. (U.S.), PTC Inc. (U.S.), SAP SE (Germany), Rockwell Automation, Inc. (U.S.), Schneider Electric SE (France), and Infosys Limited (India) and others.
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#Remote Asset Management#Remote Asset#Asset Management#Remote Asset Management Industry#Remote Asset Industry#Asset Management Industry#Remote Asset Management Market
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The Copenhagen Doctrine
*They’re Scandinavian. That means it always works and nobody ever imitates them.
https://www.weforum.org/agenda/2017/09/these-three-factors-are-critical-to-the-success-of-future-cities/
The United Nations (UN) estimates that by 2050, 66% of the world’s population will live in cities. This creates an unprecedented pressure on cities around the world to optimise the standard of living for citizens, organisations and institutions.
Cities such as Dubai, Singapore, Yinchuan and Copenhagen are experimenting with new technology and digital services to target specific problems that affect their citizens. Copenhagen, for example, has set the target of becoming the first carbon neutral capital by 2025. The city reduced CO2 emissions by 38% between 2005 and 2015.
As part of a wider research project, we conducted research with the team at Copenhagen Solutions Lab (CSL), Copenhagen’s innovative incubator for driving smart city initiatives.
Our research reveals that, although technology is important to the development of connected cities, there are other “softer” drivers at play, too – and we identified three that are critical to the success of future connected cities.
1. Citizen empowerment
The role of citizens in cities is changing. Many citizens no longer wish to be passive consumers directed by the city, but instead want to be empowered and active participants in the exchange of services between the city, suppliers and communities. Technology is already assisting citizens to get involved with the provision of key services, such as gas and electricity, transport and waste collection. However, we believe that increasingly, city-based services will need to adapt to become transparent, empowering and citizen-driven to meet the needs of communities and individuals.
A recent initiative launched by the Danish Technical & Environment Department, one of CSL’s partners, encouraged citizens to provide feedback on how to improve cycling paths in the city. Citizen feedback was given via the interactive online map of Copenhagen. In the first 12 days, 10,000 recommendations were submitted. This information is now being used to develop the 2017-2025 strategy for cycle path infrastructure. This is a good example of how empowering citizens with the ability to engage can help the city to better plan its infrastructure.
In future, citizens will want to drive new ways of interacting with and consuming city services by being actively involved. Therefore, providers of these services need to enable the public to contribute and create more individualised solutions in a citizen-friendly way.
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2. Open and experimental collaboration
Truly open collaboration between incubator units and various organisational and citizen partners will be the hallmark of successful connected cities. However, in reality, creating effective collaborations is incredibly hard to do. We need a new and different type of collaborative ethos.
Marius Sylvestersen, the smart city programme manager at CSL, explains that collaborations must be built on transparency, the willingness to share data and must be driven by the same set of values. This requires a particularly open mindset from the organisations that wish to get involved.
To facilitate open collaboration and knowledge-sharing, CSL launched Copenhagen Street Lab in 2016. Here, organisations such as TDC, Hitachi, Citelum and Cisco work in collaboration with CSL to identify new solutions to city and citizen problems.
The lab tests solutions that can personalise citizens’ experiences and provide real-time data to facilitate responsive governance. Real-time and personalised parking information is one solution that is currently being explored. CSL and partners, such as the Technical & Environment Department, are keen to find a way to use vacant parking spaces on an on-demand platform, where residential permit holders can release their spaces for others when not in use. This would reduce the amount of traffic searching for parking and optimise overall traffic flow.
Perhaps the most important role of the lab is to test the viability of systems for implementation within existing city infrastructure. Hence, it provides proof-of-concept prior to scaling to other parts of the city. The organisations that use the Street Lab to experiment and test new ideas benefit from interacting with other innovators within and outside their own industry. This provides ongoing learning and insight into new solutions.
There is innovation and knowledge-sharing taking place at Bloxhub, a new non-profit member association, which brings together individuals and organisations at the intersection of architecture, design, construction and digitalisation. Located in the historic part of Copenhagen, organisations based on these cobbled streets are now leading the way to rethink city life.
New streams of knowledge flow into CSL via the industrial PhD programme. Here PhD students spend half their time with CSL and the other half at university, researching an area related to connected cities. These initiatives create avenues for many new collaborative partnerships.
3. Rewarding the intangible
We believe that the success of connected cities will also rely on organisations adopting a new mindset whereby suppliers, service providers, partners and other contributors break free from a profit-driven way of operating to embrace a model of collective equity. For example, connected city partners, such as Hitachi, TDC, Cisco and Citelum, work in collaboration to gain rewards that extend beyond simple financial profit.
CSL encourages partners to value expertise, knowledge, relationships and joint innovation as equally rewarding as profit for their organisations. This includes rewarding employees for their ability to collaborate, adopt demand-led innovation and create new long-term, value-based partnerships.
In cities, these new innovations and collaborations will increasingly be enabled by the presence of large-scale data sets. In Copenhagen, for example, the world’s first city data marketplace for the purchase and sale of data was established as a Public-Private Innovation Partnership with Hitachi, the City of Copenhagen and Capital Region in 2016. The City Data Exchange (CDE), as it is called, was initially populated with existing data held by the city’s open data platforms. Now, organisations are also encouraged to sell their data via the platform.
With this data, organisations can drive innovation, establish new partnerships and capitalise on new opportunities. But a different remuneration and rewards strategy is needed that will encourage employees to dedicate time and effort to pursue these more intangible and embryonic opportunities. This in return can help organisations to attract new talent and contribute to expanding its networks and collaborative initiatives.
Great innovation is taking place in Copenhagen and other cities around the world to create more connected and optimised citizen experiences. Although technology is often seen as the main engine for these city overhauls, it is equally important to look after the “softer” drivers of connected cities – empower citizens, create open and experimental collaborations and identify new strategies for rewarding less profit-driven achievements.
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Smart Railways Market (2019-2026) Cisco Systems Inc., IBM Corporation
The Smart Railways Market Research report provides an in-depth analysis of the industry, including current and future growth patterns, end-user analysis and key data that have been validated by experts. This report examines the market's importance, share and size, demand and supply as well as models, competitive landscape, industry chain analysis and other important factors. It also includes a detailed analysis of the industry's driving factors and the likely micro-economic factors that will affect its future development.
The Smart Railways Market Research Report assesses the global Smart Railways Marketplace industry market. It includes sales and capacity forecasts for 2021-2028. This report highlights the key factors that are driving industry growth. For a better understanding of the Smart Railways market, the report splits it into broad categories, such as forms and applications, end-user, technology, etc. These segments are examined carefully to provide a greater understanding of global and regional markets. The report includes details of key industry players such as company overviews, product portfolios, growth strategies, revenue generation and revenue sharing, market share and size, geographical presence and market size forecast and development.
Smart Railways Market was valued US$ XX Bn in 2018 and is expected to reach US$ 40.85 Bn by 2026, at a CAGR of around XX % during a forecast period.
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The market segments and sub-segments have been thoroughly researched and the report has determined which market segment is likely to dominate the market in the future. This report includes detailed information on regional market performance and competitive analysis in order to assist clients in making informed decisions about their investments in the Smart Railways market.
The report includes extensive analysis of market leaders, their business overview, expansion plans and strategies. The report covers the following:
• Cisco Systems Inc. • IBM Corporation • ALE International • Huawei Technologies Co. Ltd • Siemens AG • Hitachi Ltd • Moxa Inc. • ABB Ltd. • Alstom SA • Tata Consultancy Services Limited • Thales Group • General Electric Company • Cyient Limited • Ansaldo STS • Toshiba Corporation • GENERAL ELECTRIC, • Hitachi Rail STS Ltd. • Bombardier • DXC Technology Company • EKE-Electronics Ltd. • Advantech Co. Ltd. • OEM Technology Solutions
Smart Railways Market Segmentation
The rail communication and networking system segment expected to dominate the XX% market share during the forecast period. Rail communication and networking system are involved voice and data between the train and the track equipment for better traffic and infrastructure management. Rail communication and networking system provides the most secured communication among all railway operation management facilities and data networks, as well as effective communication in remote areas such as rail construction sites or natural disaster sites.
Smart Railways Market, by Product Type
It is observed that the demand for these smart railway systems is higher in China and Japan as these countries are investing hugely in the development of high-speed railway systems. The government of China is focusing on the development of high-speed trains in the population, which is further estimated to boost the market during the forecast period.
Smart Railways Market Report Scope
Global Smart Railways Market, By Devices
• Rail Sensors • Video Surveillance Cameras • Smart Cards • Networking & Connecting Devices • Others Global Smart Railways Market, By Solutions
• Passenger Information Systems (PIS) • Rail Traffic Management System (RTMS) • Smart Ticketing System • Rail Analytics System • Rail Operations and Management Systems • Rail communication and networking system • Advanced Security Management Systems • Others Global Smart Railways Market, By Services
• Professional Services • Cloud Services • Integrated Services
REPORT ATTRIBUTE INFO
For years 2021-2028, market size available
Considered the base year for 2021
Historical data 2015-2020
Forecast Period 2021-2028
Segments covered Types, Applications and End-Users.
Report Coverage Revenue Forecast, Company ranking, Competitive Landscape and Growth Factors and market trends
Regional Scope North America. Europe, Asia Pacific. Latin America. Middle East and Africa.
You can customize your report for free when you purchase. Modification or addition to the country, regional and segment scope.
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Geographic Segment Covered by the Report
The Smart Railways Report provides market information, which is further sub-divided into regions and countries. This report includes information on profit potentials, in addition to market share data for each country. This section includes information about the market share, growth rate and economic opportunities for each region, sub-region and countries in the period.
Middle East and Africa (GCC Countries & Egypt)
North America (The United States and Canada).
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam. China. Malaysia. Japan. Philippines. Korea. Thailand. India. Indonesia.
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More Report Related links: Global Boom Trucks Market
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ABB Strategy Update: Shaping a Leader Focused in Digital Industries
Global software partnership with Dassault Systèmes and targets for New ABB’s four leading businesses announced
New ABB: focus, simplify, lead
Focused portfolio: Divestment of Power Grids to Hitachi well on track
Simplified structure: New operating model “ABB-OS™” for enhanced customer focus, agility and profitability; ~$500 million annual savings
Four new leading businesses, #1 or #2 in their respective markets, effective April 1, 2019 with new medium-term business operational EBITA margin target corridors of:
Electrification: 15-19 percent
Industrial Automation: 12-16 percent
Motion: 14-18 percent
Robotics & Discrete Automation: 13-17 percent
Medium-term group targets confirmed:
3-6 percent annual comparable revenue growth
Operational EBITA margin of 13-16 percent
Return on Capital Employed (ROCE) of 15-20 percent
Cash conversion to net income of approximately 100 percent
Basic EPS growth above revenue growth
ABB and Dassault Systèmes enter global software partnership for digital industries
ZURICH — On December 17, 2018, ABB announced fundamental actions to focus, simplify and lead in digital industries for enhanced customer value and shareholder returns. These actions are: focusing the portfolio on digital industries through the divestment of the Power Grids division, the simplification of the business model through the discontinuation of the legacy matrix structure, as well as the shaping of four leading businesses aligned with customer patterns.
At its strategy update to media and investors today, ABB presents details on and a roadmap for the future of its four new businesses, their leadership and customer value proposition for digital industries. As part of this, ABB is publishing the profit margin target corridors of the businesses.
ABB is announcing a new global software partnership with Dassault Systèmes, a unique end-to-end digital value proposition in combination with its leading digital solutions offering ABB Ability™ to support the planning, building and operations of industrial customers’ operations.
“The new ABB will be a pioneering technology leader in digital industries, operating in attractive markets, with a unique offering of innovative solutions in electrification, automation, robotization and digitalization. We are shaping four customer-focused, entrepreneurial businesses that are already the global #1 or #2 player in their respective markets today. With ABB Ability™, our digital solutions offering, we will continue to drive profitable growth, whilst managing the transformation of our ABB into a more agile, streamlined and customer-focused group. The partnership with Dassault Systèmes will further strengthen our position as leader in digital industries and provide our customers an end-to-end offering of advanced open digital solutions, enhancing their competitiveness and innovation patterns,” said ABB CEO, Ulrich Spiesshofer.
“This path will position us well for the future and will materially enhance value for all stakeholders. I would like to thank our employees worldwide for their outstanding commitment shown during this period of change as we look forward to the next chapter in this company’s proud history spanning more than 130 years,” added Spiesshofer.
Timo Ihamuotila, CFO of ABB: “Our healthy improved order backlog at the end of the year makes us confident about our new set up. We expect solid operating cash generation of the new ABB, positioning us well to continue investing in R&D and sales in a disciplined way. At the same time, we will relentlessly look for efficiency improvement potential to lower our cost base. We expect to deliver $500 million in net cost savings from our simplification program in the medium term.”
The new ABB: lower risk, less volatile, more growth
The new ABB will have in total $29 billion in annualized revenues and around 110,000 employees. Its four customer-focused, entrepreneurial businesses are either the global #1 or #2 player in their respective markets, influencing the future of how we power, produce, work, live and move. ABB’s addressable market is expected to grow by 3.5-4 percent per annum, adding $140 billion in size to reach $550 billion by 2025. Driving this demand will be growing influence of electric mobility, data centers and robotics.
Transformational milestone: Global Partnership with Dassault Systèmes
Following on from its proven track record of digital partnerships with Microsoft, HPE and IBM, ABB has today announced a wide spanning global partnership with Dassault Systèmes to offer customers in digital industries a unique software solutions portfolio ranging from product life cycle management to asset health solutions. The two companies will provide customers an end-to-end offering of advanced open digital solutions, enhancing competitiveness of industrial companies, while increasing flexibility, speed and productivity of their products’ lifecycles, manufacturing and operations.
The partnership will combine the strengths of ABB Ability™ digital solutions and Dassault Systèmes’ 3DEXPERIENCE platform, and build on both companies’ strong installed base, deep domain expertise and global customer access. ABB has already adopted the 3DEXPERIENCE platform to model and simulate its solutions before delivering them to its customers. With this partnership, ABB will develop and provide customers with advanced digital twins, enabling customers to run ABB’s solutions and their operations with improved overall efficiency, flexibility and sustainability.
The companies will, in a staged approach, focus on smart factories and robotics, process industry automation, as well as electrification solutions for smart buildings. The first joint solutions will be showcased at the upcoming industrial Hannover Messe trade fair in Germany, April 1-5, 2019.
Launched two years ago, ABB Ability™ represents the globally leading digital offering in Industry 4.0, from device to edge to cloud. Some 45 percent of ABB’s new orders are generated from digital solutions, while the order pipeline for ABB Ability™ has increased by more than 20 percent since October 2018.
The platform of ABB Ability™ runs as an open architecture and cloud infrastructure, which allows customers to use other software from partners, suppliers and developers. ABB offers approximately 180 digital solutions, which enable enterprises to increase productivity, efficiency and safety at lower costs.
Simplification of business model and structure
During the first quarter of 2019, ABB is preparing for the new business structure and a new operating system – “ABB-OS™” – to be implemented in stages by mid-2020. ABB will discontinue the legacy matrix structure, thereby empowering its four leading businesses to serve customers even better, while further sharpening responsibilities and increasing efficiency.
ABB’s new organization will provide each business with full entrepreneurial ownership of operations, functions, R&D and territories. The businesses will be the single interface to customers, maximizing proximity and speed. The corporate center will be further streamlined, while existing country and regional structures including regional Executive Committee roles will be discontinued after the closing of the Power Grids transaction. Existing resources from country level will strengthen the new businesses.
ABB expects a total of ~$500 million annual run-rate cost reductions across the group with $150-200 million run-rate targeted during 2019 and the full run-rate targeted during 2021. Clear actions to deliver the ~$500 million have been identified, with approximately $300 million of savings to be realized from the businesses, for example through fewer P&Ls and management layers and optimizing ABB̕s manufacturing footprint. Approximately $200 million savings are planned to come from Group functions and a leaner corporate center.
Four new leading businesses
The four new businesses are: Electrification, Industrial Automation, Motion and Robotics & Discrete Automation. ABB will report according to the new business structure as of April 1, 2019.
Electrification – writing the future of safe, smart and sustainable electrification
FY 2018 ~$13 billion revenues
FY 2018 ~13% operational EBITA margin1
Medium-term operational EBITA margin target corridor of 15-19%
$160 billion addressable market, forecast to grow at 3% p.a.
Above market revenue growth and significant margin growth potential
The Electrification business is the Global #2 providing one of the largest and most comprehensive portfolios with a complete offering from source to socket. The business delivers clear customer benefits including speed and uptime, contributing to significant investment payback.
It provides a complete portfolio of innovative products, digital solutions and services with some 1.7 million products shipped every day. Products range from critical power and building products to electric vehicle charging infrastructure. The business has 55,000 employees and will be led by Tarak Mehta.
The business expects to deliver above market growth through a combination of geographic growth in the US and China, focus on higher growth segments such as data centers, smart buildings and services for e-Mobility, along with portfolio benefits with modular, scalable, pre-configured solutions. Margin improvement will be delivered through volume leverage, focus on higher margin segments, the turnaround of GEIS and operational improvements.
ABB successfully launched in the USA last year its Terra HP 350kW electric vehicle charger, which recharges a vehicle for 200 kilometers in just eight minutes.
“There are good opportunities for Electrification as urban populations grow and the world forges ahead to create a lower-carbon future. We are expanding our operations in rapidly digitalizing markets, offering modular, scalable, preconfigured solutions with ABB Ability™-enabled products and services to ensure our customers realize safer, smarter and sustainable operations,” said Tarak Mehta, President of the Electrification business.
Industrial Automation – writing the future of safe and smart operations
FY 2018 ~$6.5 billion revenues
FY 2018 ~14% operational EBITA margin
Medium-term operational EBITA margin target corridor of 12-16%
$90 billion addressable market, forecast to grow at 3% p.a.
Above market growth and good margin profitability with low capital requirement
The newly-shaped Industrial Automation business, without B&R, is the Global #2 focused on writing the future of safe and smart operations. Industrial Automation will address customer needs with a unique portfolio of integrated solutions based on its leading technologies, including its #1 DCS (distributed control systems), its deep industry expertise, the largest installed base with over 35 million connected devices and vast global footprint.
It is focused on providing integrated automation solutions across process, electrical and motion, measurement and analytics, as well as marine and turbo charging solutions for customers in the Oil & Gas, Chemicals, Utilities, Mining & Minerals, Pulp & Paper, and Marine & Ports industries. The business has 21,000 employees and will be led by Peter Terwiesch.
The business expects to drive above market growth through industry-specific, differentiated automation solutions across process, electrical and motion that build on its leading DCS and comprehensive ABB offering, as well as tailored growth initiatives for key verticals. It expects to accelerate revenues from ABB Ability™ solutions and new service business models leveraging its unique installed base and unrivalled service footprint to support customer during their assets’ lifecycle.
“With our deep industry knowledge and automation expertise, we understand the needs of our customers and enable them to lead through safer, more productive and energy efficient operations. Moreover, with our portfolio of integrated automation solutions, combined with our offering of ABB Ability™ digital applications, lifecycle services and artificial intelligence, we are driving the evolution towards more autonomous operations,” said Peter Terwiesch, President of the Industrial Automation business.
Motion – writing the future of smart motion
FY 2018 ~$6.5 billion revenues
FY 2018 ~16% operational EBITA margin
Medium-term operational EBITA margin target corridor of 14-18%
$80 billion addressable market, forecast to grow at 3% p.a.
Above market growth and continued strong profitability
ABB’s newly created Motion business is the Global #1 in motion industries is set to capture the benefits of the world going electric. Motion will build on its pioneering technology leadership, its domain expertise and its global scale and coverage. Already today, a third of the world’s electricity is converted by electrical motors into motion, driven by a growing population, urbanization and digitalization. ABB expects the number of electric motors to double by 2040, which is the equivalent of the energy consumed by the whole of China annually.
Motion provides customers with a comprehensive range-energy efficient, reliable and safe electrical motors, generators, drives and services. Its ABB Ability™ Digital Powertrain solution sets the standards for digitalization in motion industries. The business has 20,000 employees and will be led by Morten Wierod, who will also become a member of the Executive Committee, effective April 1, 2019.
The business expects to deliver above market growth by building on its leading local market positions in motors and drives. It will grow by dedicated geographic initiatives, its segment specific portfolio and using ABB Ability™ services to deliver the future of smart motion. Motion’s ability to sustain and improve its EBITA margin, against a backdrop of cost inflationary and pricing pressure, will come from being able to scale benefits, from ABB Ability™, from its innovation along with the simplified operating system.
“As the world goes electric, Motion has an excellent growth outlook. We will bring even more value to our customers and partners with ABB Ability™-based offering and services,” said Morten Wierod, President of the Motion business.
Robotics & Discrete Automation – writing the future of flexible manufacturing and smart machines
FY 2018 ~$3.6 billion revenues
FY 2018 ~15% operational EBITA margin
Medium-term operational EBITA margin target corridor of 13-17%
$80 billion addressable market, forecast to grow at 6% p.a.
Strong top-line and margin growth potential
The Robotics & Discrete Automation business will combine ABB’s machine and factory automation Business (mainly B&R) with the Group’s superior robotics platform. It will be uniquely positioned to capture the opportunities associated with the “Factory of the Future” by writing the future of flexible manufacturing and smart machinery.
It provides a unique offering for flexible automation, combining control, motion, robotics, software and services – providing integrated solutions from machine to factory level. The business, which is already number two globally by size and number one by growth, has 11,000 employees and will be led by Sami Atiya.
The business expects to deliver above market growth driven through the portfolio and geographical expansion, driving synergies from unique portfolio and expansion in factory automation, including a greater role for ABB Ability™, artificial intelligence and partnering with Dassault Systèmes. Margin benefits will come from continued growth, scale benefits and performance initiatives whilst continuing to fund investments for future growth.
“In combining B&R’s machine and factory automation business with our superior Robotics solutions, we are driving an unmatched, comprehensive offering to help our customers create the flexible Factory of the Future,” said Sami Atiya, President of the Robotics & Discrete Automation business. “Our unique product portfolio, deep application expertise and advanced engineering and simulation tools, including ABB Ability™, ensure we help our customers improve quality and increase productivity and manufacturing flexibility, while maximizing uptime – all in a faster time-to-market solution.”
Value Creation in the new ABB
ABB will demonstrate improved commercial quality of business, enhanced exposure to faster growing markets, with a greater emphasis on high value-add solutions, less risk and large order volatility and more recurrent revenues through digital solutions, software and services.
ABB’s investment proposition is reflected in a new medium-term group target framework for the Group:
3-6 percent annual comparable revenue growth
Operational EBITA margin of 13-16 percent
Return on Capital Employed (ROCE) of 15-20 percent
Cash conversion to net income of approximately 100 percent
Basic EPS growth above revenue growth
ABB’s sustained capital allocation priorities are unchanged:
Fund organic growth in R&D and digital
Rising sustainable dividend
Value-creating acquisitions
Returning additional cash to shareholders
The divestment of an 80.1% shareholding in Power Grids to Hitachi for an enterprise value of $11 billion is well on track. Following completion of the transaction in the first half of 2020, ABB intends to return 100 percent of the net cash proceeds of $7.6-7.8 billion to shareholders in an expeditious and efficient manner and execute a policy of a rising sustainable dividend. ABB intends to maintain the level of dividend per share post close and aims to maintain its “single A” credit rating long term.
More information
The strategy update results press release and financial information documents are available on the ABB News Center at www.abb.com/news and on the Investor Relations homepage at www.abb.com/investorrelations.
ABB will host a press conference today starting at 09:00 a.m. Central European Time (CET) (08:00 a.m. BST, 03:00 a.m. EST). The event will be accessible by webcast on https://new.abb.com/media/media-event—strategy-update-2019.
ABB will host an analyst and investor conference today starting at 12:00 p.m. CET (11:00 a.m. GMT, 6:00 a.m. EST). The event will be webcast for approximately 90 minutes, covering Q4 and FY18 results and the group’s Strategy update presentation. The webcast and related materials will be accessible from 11:00 a.m. CET at: https://new.abb.com/investorrelations/strategy/strategy-update-2019
A recorded session will be available as a webcast following the end of the conference call.
ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in power grids, electrification products, industrial automation and robotics and motion, serving customers in utilities, industry and transport & infrastructure globally. Continuing a history of innovation spanning more than 130 years, ABB today is writing the future of industrial digitalization with two clear value propositions: bringing electricity from any power plant to any plug and automating industries from natural resources to finished products. As title partner in ABB Formula E, the fully electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to contribute to a sustainable future. ABB operates in more than 100 countries with about 147,000 employees. www.abb.com
Important notice about forward-looking information
This press release includes forward-looking information and statements as well as other statements concerning the outlook for our business. These statements are based on current expectations, estimates and projections about the factors that may affect our future performance, including global economic conditions, the economic conditions of the regions and industries that are major markets for ABB Ltd. These expectations, estimates and projections are generally identifiable by statements containing words such as “expects,” “believes,” “estimates,” “targets,” “intends”, “aims” or similar expressions. However, there are many risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from the forward-looking information and statements made in this press release and which could affect our ability to achieve any or all of our stated targets. The important factors that could cause such differences include, among others, business risks associated with the volatile global economic environment and political conditions, costs associated with compliance activities, market acceptance of new products and services, changes in governmental regulations and currency exchange rates and such other factors as may be discussed from time to time in ABB Ltd’s filings with the U.S. Securities and Exchange Commission, including its Annual Reports on Form 20-F. Although ABB Ltd believes that its expectations reflected in any such forward-looking statement are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved.
Zurich, February 28, 2019
Ulrich Spiesshofer, CEO
1 Electrification result adjusted to include GEIS on an annualized basis, based on H2 2018 contribution
View source version on businesswire.com: https://www.businesswire.com/news/home/20190227006106/en/
Contacts
ABB Ltd Affolternstrasse 44 8050 Zurich Switzerland
Media Relations Phone: +41 43 317 71 11 E-mail: [email protected]
Investor Relations Phone: +41 43 317 71 11 E-mail: [email protected]
from Financial Post https://ift.tt/2BRU1qD via IFTTT Blogger Mortgage Tumblr Mortgage Evernote Mortgage Wordpress Mortgage href="https://www.diigo.com/user/gelsi11">Diigo Mortgage
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Rising Insights of Global Remote Asset Management Market Outlook: Ken Research
Remote asset management is an analytical system that monitors and maintains the belongings of remote areas or offices. Remote asset management offers real-time two-way communication between the organization's asset and central observing application. This permits central watching application to have well control and management of the assets. Remote asset management are profitable, efficient and convenient for surveillance operations. Implementation of remote asset management solution assistances increases overall equipment efficacy leading to higher management in better control and management of assets. Enterprises have embraced remote asset management to boost remote authorization of assets and decrease maintenance prices.
According to the analysis, ‘Global Remote Asset Management Market to reach USD 42.8 billion by 2027.’There are plenty of firms that are operating for the enhancement of the market which consist of Cisco Systems, Inc., International Business Machines (IBM) Corporation, Schneider Electric, Rockwell Automation, Inc., Infosys Limited, Siemens AG, SAP SE, Hitachi, Ltd., AT&T Inc., PTC Inc.The global Remote Asset Management is being extremely demanded owing to the corona virus pandemic as workers are asked to work from home and organizations are temporary shutdown. Therefore numerous corporations are adapting Remote Asset Management for functioning their business competently. The surge within the adoption of IoT-enabled remote asset management solutions to manage assets effectiveness, reducing price of IoT-based sensors optimize asset life cycle during remote asset management solutions and extrapolative maintenance to increase the acceptance of remote asset management, thereby reducing operational price of remote assets encourages the expansion of the global Remote Asset Management Market. Additionally, the rising advancements and other strategic alliance by market key players will make a profitable demand for this market. For example: on 06th November 2019, U.S. based IBM propelled Maximo Asset Monitor, a new AI-powered monitoring solution. A Maximo Asset Monitor assistances organization to conserve operates and enhances the performance of their high-value physical assets remotely. However, concerns of administrations related to data security and confidentiality is the main issue obstructing the expansion of global Remote Asset Management market throughout the forecast period.
The regional examination of global Remote Asset Management Market is taken into the account for the key regions like Asia Pacific, North America, Europe, Latin America and remainder of the World. North America is that the main county over the world in terms of market share because of the rising adoption of latest technologies and infrastructure development within the region. Whereas, Asia-Pacific is in addition predicted to exhibit maximum growth rate / CAGR over the forecast period 2020-2027.
Furthermore, the remote asset management market is predictable to register the significant expansion in the short and long run, attributed to an enhanced demand for connected devices; rise in affordability of cloud computing services; improved internet connectivity; decreased cost of components; increase in Information, Communication, & Technology (ICT) expenditure by administrations in the numerous developed and the emerging regions, including North America, Europe, and Asia-Pacific. Additional factors that increase the remote asset management market are high mobile adoption, rise in broadband penetration, and major advancements in the field of IoT. Thus, it is predicted that the Global Remote Asset Market can increase within approaching years.
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Global Remote Asset Management Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)
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RAM Memory Buying Guide
Not including the exterior hard drive I've been using as an impartial again-up for over six years. I lengthy for the times when hard drives recurrently lasted 10 years. They also monitored, extensively, the on board GOOD system on hard drives. Usage patterns will probably be simial as most customers of large size drives fill them up with media or work and from then on it's sporatic writes combined into mostly reads. All of my 2TB drives are external firewire/USB 3.0. I maintain them at 2 different places and they don't keep plugged in. It is best to get an LTO-6 SAS tape drive, a superb SAS controller and make 3 LTO-6 copies of all your information. It sound to me like you're getting there, there are SATA backplanes to connect 40 or more drives to a single PC. If carried out properly you can save money with a solution using harddrives. I don't suppose you keep in mind when CDR got here, people only had like 80-320Mb harddrives, that is why an optical drive was fascinating in the first place.
I'd marvel what the lifespan could be of Laptop Hard drives…contemplating that folks tote their All the time-On laptops, toss them, flip them, TURN THEM (Torque!!!). Do Teknopole send the failed drives again to the manufacturer so that they can determine the precise reason behind the drive failure? @mrseb:disqus, You by no means really answered the question, Why hard drives die?†I'd be interested by Backblaze's analyses of the basis causes of why hard drives die. Their study is on hard drives operating 24/7/365…now how many of us even have ours running like that? I did not know Hitachi nonetheless made hard drives. I've had dead pcbs on WD 1-2 months in. IMO this is the worst failure mode for a drive. However then I've not had a failure from any of my Seagate, Maxtor, or any different drives. I've had fairly a number of WD drives over the years in a pair totally different labs and house computers, as well as latptops, and never had a failure. We might love to get the data of SSD's vs. HDDs…maybe some day!
Additionally, does this apply if i plug in my Exterior Hard Drive for 2hrs monthly on common? Now inform me something, did this tested include exposing the hard drives to extreme circumstances i.e. shaking/dropping/temperature? Most individuals wouldn't have hard drives operating 24/7 - it's simply not the case. The study should have used server grade hard drives, unless they had been attempting to show outcomes for most of the people. I nonetheless have a 250 MB Quantum hard drive nonetheless reading and writing information. Some occasions I can get the files and some time not. The article shows that hard drives used continuously in a managed surroundings, on average, final a bit longer. But yeah, I am sure many drives (good samples) will final for a long, very long time. SATAs are new, however with a very good experience of COMPUTER meeting I've come throughout varied old drives and I imagine that SATAs can also survive 15+ years.
The drives have not had a tough life though the three cameras report an endless loop saving information with any exercise. When I began out in this business in the early 1980:s, 20 MB drives have been thought-about massive. Yev from Backblaze -> That's true, however different things fail when drives are powered a hundred% of the time vs. after they hold coming on and off.
In a desktop setting, the drives will seemingly spend rather more time spun down. You can actually track and watch how much time they've earlier than bad sectors kick up and the drive begins to fail (every cell can only read and write X occasions earlier than it fails out). SSD have distinct read write life cycle and can simply wear out in the event you uses the drive intensively as a page file or something similar. SSD's only survive as long as the flash reminiscence or controller lasts, which is a finite amount dependent on the specific reminiscence and controller used. Also, an article got here out on ars technica showing SSD drives lasting longer than their ranking: Tapes are, or if properly periodically rotated, you can use harddrives since they are low-cost.
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Smart Cities Industry Global Market Size, Share, Supply, Demand, Segments and Forecast 2020-2026
New study Smart Cities Market research report covering the current trend and effect on the business of COVID-19. The global Smart Cities Market Report offers valuable data on this report with the aid of fragmenting the market into different segments. Various vital elements are covered in the global Smart Cities Market research report, including regional industry perspectives, geographic developments, country-level assessment, competitive environment, market share analysis of companies, and top company proreports. The study on the Smart Cities Market fine-tuns the variety of the key features for which companies are analyzed. The study utilizes various techniques such as surveys, interviews, and existing discussions with participants, end-users, and industry leaders to analyze the global specialty malt industry.
Major Players Covered in this Report are: NEC Corporation, Honeywell International Inc., Siemens AG, Oracle Corporation, Microsoft Corporation, Ericsson, Schneider Electric SE, GE, HP, ABB, Accenture, Cisco Systems, Inc., Toshiba Corporation, Huawei, Hitachi, Ltd., IBM Corporation
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Factors and Smart Cities Market execution are analyzed using quantitative and qualitative approaches to give a consistent picture of current and future trends in the boom. The study also allows for a detailed market analysis focused primarily on geographic locations. The Global Smart Cities Market Report offers statistical graphs, estimates, and collateral that explain the state of specific trade within the local and global scenarios.
The purpose of the Smart Cities Market analysis is to provide a well-structured overview of significant innovations, discoveries coupled with the technological advancements that occur in the global industry. The study also provides descriptions of the impact these findings may have on the growth prospects of the Global Smart Cities Market during the review period. In addition, our analysts provided a comprehensive overview of the macro as well as the micro indicators combined with the report's existing and expected industry developments. The report provides an insight into the aspects within this segment that may encourage or demote the expansion of the Global Smart Cities Industry. The Smart Cities report segment also helps the consumer understand the life cycle of the desired product, along with the application reach of the product across industries and the prominent technological developments that will assess the level of competition for the product around the world. In summary, the segment provides the current business position, thus retaining in the projection period 2020 as the beginning year and 2025 as the ending year.
Smart Cities Market Classification by Types:
Areas
Transportation
Utilities
Buildings
Citizen Services
Smart Cities Market Size by Application:
Intelligence Education
Intelligent medical
Security and Threat Management
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The Smart Cities report provides separate comprehensive analytics for North America, Europe, China, Japan, Middle East & Africa, India, South America, and Others. Annual estimates and forecasts are provided for the period 2015 through 2025. Market data and analytics are derived from primary and secondary research. This report analyzes the worldwide markets for Smart Cities in US$ Million.
In this study, the years considered to estimate the market size of Smart Cities are as follows:
History Year 2015-2019 Base Year 2020 Estimated Year 2020 Forecast Year 2020-2025
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Smart Transportation Market by Transportation Mode (Roadways, Railways, Airways, and Maritime), Solution (Smart Ticketing, PIS, Freight Management), Service, Communication Technology, Application, and Region - Global Forecast to 2025 published on
https://www.sandlerresearch.org/smart-transportation-market-by-transportation-mode-roadways-railways-airways-and-maritime-solution-smart-ticketing-pis-freight-management-service-communication-technology-application-and.html
Smart Transportation Market by Transportation Mode (Roadways, Railways, Airways, and Maritime), Solution (Smart Ticketing, PIS, Freight Management), Service, Communication Technology, Application, and Region - Global Forecast to 2025
Growth of the smart transportation market can be attributed due to the technological advancement to enhance customer experience and the growing government initiatives and PPP models for smart transportation
The smart transportation market size is projected to grow from USD 94.5 billion in 2020 to USD 156.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period. The major factors driving the growth of the smart transportation market include technological advancements to enhance customer experience, growing government initiatives and PPP models for smart transportation, rising urban population and high demographic rates, and growing adoption of IoT and automation technologies to enhance technological optimization.
Airways transportation mode to grow at a higher CAGR during the forecast period
The smart transportation market is segmented into four transportation mode: roadways, railways, airways and maritime. Air transportation is an important transportation mode in the global smart transportation market. With the growing urbanization across the globe, the airways industry has evolved over the years. The demand for aviation services has increased significantly in the last decade. New technologies and digitization of services are driving the airline industry to ensure smooth maintenance, reduce operating costs, and take advantage of the increasing air travel. Several disruptive technologies, such as AI/ML, IoT, blockchain, big data and analytics, AR, biometrics, and robotics, provides the potential to improve the customer experience and enhance the operational efficiency both on the ground and in-flight.
Solutions in the roadways transportation mode to lead the market during the forecast period
The solution segment of the roadways transportation mode of the smart transportation market includes smart ticketing, parking management, traffic management, passenger information, freight information, and vehicle telematics and others (GIS tracking, commercial vehicle operations, and security). With the growing government initiative related to the enhancement of vehicle efficiency across the globe has led to the growth of the solution segment if the roadways transportation mode. As of now, several regional governments are focusing on deploying smart technologies in vehicles for ensuring safety. The deployment of roadways solutions helps in better fuel, operations, and route management, which, in turn, saves fuel, curbs additional carbon emission, and increases the life cycle of vehicle parts.
Smart ticketing solution segment of the railways transportation mode to grow at a higher CAGR during the forecast period
The smart ticketing solution is an intelligent solution, which includes integrated ticketing, onboard ticketing, online ticketing, mobile application ticketing, and smart card system. It enables smooth passenger flow by enabling a comfortable passenger experience. It reduces dependence on cash and other payment methods, which aid in smooth transitions and improve journey time. Smart ticketing will help contribute to the overall improvement of the railway transport network level of services, images, and accessibility, to facilitate and/or increase the use of railway transport. The increasing demand of the ticketing process to simplify the process drives the demand for smart ticketing solutions.
Air traffic management in the airways transportation mode to lead the market during the forecast period
Air Traffic Management (ATM) is dynamic and integrated management of air traffic and airspace involving airborne and ground-based functions to provide safe, economical, and efficient airspace management and Air Traffic Flow Management (ATFM). The introduction of new technologies, such as GPS-based navigation and landing digital air-ground data link communication, and Automatic Dependent Surveillance Broadcast (ADS-B), is expected to boost the growth of ATM
Vessel tracking solution segment of the maritime transportation mode to grow at a higher CAGR during the forecast period
A vessel tracking system plays an important role by bringing about long-range connectivity not only between ships and coast guards of countries but also among ships as well. With the increasing connectivity technologies, such as IoT, vessel tracking systems have managed to incorporate internet connectivity as a part of their core objective, providing a much better service. Vessel tracking helps manage the entire life cycle of vessels/containers in export/import. It is one of the critical software used by the professional mariner to keep track of all assets (vessel, containers, cargo, and buoys) and monitor positions of the vessels. Advancements of communication technologies in the maritime transportation mode provides the connectivity from ship-to-ship communication and ship-to-shore communication.
Europe to lead the market share in 2020
Europe is the largest regional market in terms of revenue, and the UK is the most developed economy, contributing significantly to the smart transportation market. The European countries have been investing majorly in the modernization and up gradation of rail infrastructure. Social and trade agreements among the European Union (EU) countries have promoted large-scale, cross-border trade and passenger traffic in Europe. The dynamics of the transportation industry in Europe is changing rapidly with new freight and passenger management systems. To boost the efficiency of the existing infrastructure, several European countries are expected to adopt to new smart transportation solutions. Europe has a conducive environment for the implementation of smart transportation systems, as the government has planned investments for improving the public transportation modes in this region.
By Company Type: Tier 1 – 62%, Tier 2 – 23%, and Tier 3 – 15%
By Designation: C-level – 38%, Directors – 30%,and Others – 32%
By Region: North America – 40%,Europe– 15%, APAC– 35%,MEA – 5%, Latin America– 5%.
Some prominent players profiled in the study include Thales Group (France), Huawei Technologies Co., Ltd. (China), Siemens AG (Germany), IBM Corporation (US), Cisco Systems, Inc. (US), SAP (Germany), Cubic Corporation (US), Alstom (France), Bombardier Inc. (Canada), Toshiba (Japan), Harris Corporation (US), Saab AB (Sweden), Veson Nautical (Massachusetts), BASS Software (Norway), Bentley Systems (US), Indra Sistemas (Spain), Trimble (US), TomTom International BV. (Netherlands), Amadeus IT Group SA (Spain), Conduent (US), Kapsch (Austria), Hitachi Ltd. (Japan), Descartes (Canada), Accenture (Ireland), and DNV GL (Norway).
Research coverage
The market study covers the smart transportation market across different segments. It aims at estimating the market size and the growth potential of this market across different segments, such as transportation modes (roadways, railways, airways, maritime), communication technology, applications, and regions. Each of the transport modes has been further divided into solutions and services associated with them. The communication technology covers different communication technologies used across all the transportation modes in the smart transportation market. The application segment covers different applications of the smart transportation. The applications are common to all modes of transportation and comprise route information and route guidance, transit hubs, autonomous/driver less vehicles, video management, and others (transport infrastructure management, asset management, road safety and security, and public safety). The regional analysis of the smart transportation market covers North America, Europe, APAC, MEA, and Latin America. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key benefits of buying the report
The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall smart transportation market and its segments. This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
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Remote Asset Management Market by Component, Solutions and Services, Asset Type, Mode, Organization Size, Vertical, and Region - Global Forecast to 2025
According to market research report “Remote Asset Management Market by Component (Solutions (APM, Analytics and Reporting) and Services (Professional Services, Managed Services)), Asset Type (Fixed, Mobile), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2025", published by MarketsandMarkets™, size is projected to grow from USD 16.5 billion in 2020 to USD 32.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 14.6% during the forecast period.
The major factors driving the growth of the Remote Asset Management Market include surge in the adoption of IoT-enabled remote asset management solutions to manage assets efficiency, decreasing cost of IoT-enabled sensors optimize asset life cycle through remote asset management solutions, and use of predictive maintenance to boost the adoption of remote asset management, thereby reducing the operational cost of remote assets Browse in-depth TOC on " Remote Asset Management Market” 245- Tables 50- Figures 257- Pages
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By component, the solutions segment to lead the market during the forecast period
Remote asset management solutions are basically a combination of all processes, assets, workflows, and analytics that offer a centrally consolidated tracking, monitoring, and analytics system for asset-intensive sectors, such as manufacturing, industrial machinery, power and utilities, mining, oil and gas, healthcare, and others. Organizations across verticals are adopting remote asset management solutions, as it enables them to monitor their assets and increase operational efficiency. Maintenance, repair, and operations of assets are of the utmost importance in any asset-intensive industry. The key objective is to maximize the RoI of the current asset base, as well as to reduce the cost. Remote asset management solutions enable organizations to track assets and receive notifications when the maintenance of assets is due. It helps enterprises perform regular maintenance, thereby increasing the productivity of the asset. Remote asset management solutions include solutions, such as Real Time Location System (RTLS), analytics and reporting, Asset Performance Management (APM) (Asset Condition Monitoring (ACM) and predictive maintenance), surveillance and security, network bandwidth management, Mobile Workforce Management (MWM), and others (inventory management and warehouse management).
Asset performance management segment to lead the market during the forecast period
The APM solution helps improve the reliability and availability of assets while minimizing risks and operating costs by reducing downtime of assets and operating them to their peak performance. APM enhances remote asset management by delivering insights at the point of action to minimize unplanned repair work, reduce equipment failure, increase asset availability, and extend asset life without unnecessary costs. It integrates data from plants, financial databases, and operational control systems to gain more insights about assets. APM provides the machine operator with updated information about the health and performance of assets than ever before. Sensors communicate a massive number of data in real time, providing operators the ability to quickly transform raw data into actionable insights, thus preventing potential equipment failure.
Healthcare vertical to grow at a higher CAGR during the forecast period
Remote asset management and tracking have become one of the main priorities in healthcare as it helps saving hospitals both time and money. In a hospital, the physical assets consist of the medical equipment, supplies, infrastructure, and staff and physician services. Many a times patients tend to lose time, money, and patience due to long queues at hospitals waiting for physicians, scanning, beds, and nurses. Remote asset management can effectively reduce these delays and ensure patient satisfaction and profitability for the hospital. Several hospitals tend to lose money due to inefficient remote asset tracking by ordering unwanted supplies, shortage in supply of medicines, and equipment not being serviced on time.
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Asia Pacific to hold the highest market size during the forecast period
APAC, being an emerging economy, is witnessing dynamic changes in the adoption of new technologies and advancements in the Remote Asset Management Market. The Remote Asset Management Market in APAC is driven by the growing acceptance of cloud-based solutions, emerging technologies such as the IoT, and big data analytics, and mobility. The region is one of the biggest markets for connected devices. Several countries in APAC are expected to adopt remote asset management solutions due to the increasing demand in industries, such as building automation, retail, transportation and logistics, healthcare, and utilities industries. With the presence of emerging countries, such as China, Japan, and India, the region is expected to witness high growth in the remote asset management market.
Major vendors operating in the Remote Asset Management Market include Siemens AG (Siemens), AT&T (AT&T), Cisco Systems, Inc. (Cisco Systems), Hitachi Ltd. (Hitachi), Schneider Electric (Schneider Electric), PTC (PTC), Infosys Limited (Infosys), IBM Corporation (IBM), Rockwell Automation, Inc. (Rockwell Automation), SAP (SAP), Verizon (Verizon), Bosch.IO (Bosch.IO), Meridium Inc. (Meridium), Vodafone Group (Vodafone), RapidValue Solutions (RapidValue), RCS Technologies (RCS), EAMbrace (EAMbrace), Accruent (Accruent), ROAMWORKS (ROAMWORKS), and Ascent Intellimation Pvt Ltd. (Ascent Intellimation).
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