Server Virtualization Market Growth Rate, Trends, Analysis, Future Scope, Size, Share, Forecast To 2027

 Global Server Virtualization Market Research Report: Information By Component (Hardware, Hypervisor and Services), Deployment Mode (On-Premise and Cloud), Organization Size (Small and Medium-Sized Enterprise (SME) and Large Enterprise), Vertical (BFSI, Government, Healthcare, IT & Telecommunication, Manufacturing, Transportation & Logistics and Others) and Region - Forecast to 2027

Market Highlights

The adoption of bringing your own device (BYOD) management platforms have been facilitated with the help of cloud services. BYOD is an approach that allows employees to perform official tasks on their devices such as smartphones, laptops, tablets, and others using an enterprise’s corporate network. Thus, the increasing adoption of cloud computing and OS container-based virtualization is boosting the server virtualization market.

MRFR analysis offers a comprehensive understanding of the market dynamics. The Global Server Virtualization Market has been analyzed across key geographies, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America is the dominating region in the server virtualization market, followed by Europe. Some of the factors that are responsible for the growth of the North American market include the businesses’ rising need to offer flexible work options as well as improved internet connectivity to their employees. Moreover, the presence of established companies such as Microsoft Corporation, Google, Oracle Corporation, Red Hat Inc., and Amazon Web Services Inc. is one of the driving factors for the growth of the market in this region.  

However, Asia-Pacific is the fastest-growing economy in the global market due to its benefits, such as converting physical servers into virtual servers, thus reducing the number of physical servers and achieving huge savings in power and cooling costs. Furthermore, Asia-Pacific is one of the biggest markets for the IT & telecom industry, followed by electronics and semiconductors, manufacturing, automotive, and BFSI. These companies have adopted server virtualization technology to reap its benefits.

According to MRFR analysis, the Global Server Virtualization Market was valued at USD 6,560.00 Million in 2019; it is expected to be valued at USD 9,907.87 Million by 2026, recording a CAGR of 6.22% during the forecast period, 2020–2027.

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Market Segmentation

Global Server Virtualization Market has been segmented based on Component, Deployment Mode, Organization Size, Vertical, and Region.

Based on component, the Global Server Virtualization Market has been segmented into hardware, hypervisor, and services. The hardware segment is further classified into switches and servers & storage. The services segment is sub-segmented into consulting, technology & integration, and deployment support & maintenance service. Among these, in 2019, the hardware segment accounted for the largest market share of 41.56%. The hypervisor segment is projected to record the highest CAGR during the forecast period.

Based on organization size, the global market has been segmented into small and medium-sized enterprise (SME) and large enterprise. In 2019, the large enterprise segment accounted for the largest market share. The SME segment is projected to record the higher CAGR during the forecast period.

Based on vertical, the global market has been segmented into BFSI, government, healthcare, IT & telecommunication, manufacturing, transportation & logistics, and others.

Key Players

A few of the Major Players operating in the global server virtualization market are VMware, Oracle, Red Hat, Citrix, Microsoft, Google LLC, I2K2 Networks, PCS, Huawei, and Proxmox Servers Solutions GmbH.

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Home Security Camera Market Outlook, Strategies, Industry Analysis, Future Scope, Key Drivers and Forecast To 2027

 Global Home Security Camera Market, Product (Dome Security Camera, Bullet Security Camera, IP Security Camera), Type (Indoor Security Camera, Outdoor Security Camera), Resolution (Non-HD, HD), Services (Professional, Managed) - Forecast till 2027

Market Highlights

Home security cameras are available in a variety of sizes and exhibit varying degrees of image quality, but their primary function is to provide a video image of what is happening in and around the house. The growing technological advancements in public and private infrastructure has propelled the demand for connected safety and solutions. The growing demand for IP based surveillance cameras is owing to the features being offered such as high-resolution image quality, improved vision, protect valuable assets, and minimize risks associated with criminal activity.

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Key players

The key players in the area of global home security camera market are Hangzhou Hikvision Digital Technology Co. Ltd (China) Motorola Home (U.S.), Shenzhen Leshi Video Tech. Co., Ltd (China), Netgear, Inc. (U.S.), ADT Security Services (U.S.), FrontPoint Security Solutions, LLC (U.S.), Vivint, Inc. (U.S.), SimpliSafe (U.S.), Panasonic Corporation (Japan), Godrej Security Solutions (India), and Nest Cam (U.S.), among others.

Segmentation

The global home security camera market is classified into the product, type, resolution, and services.

On the basis of product, the market is further classified into dome security camera, bullet security camera, IP security camera, thermal security camera, PTZ security camera, and others.

On the basis of the type the market is further classified into the indoor security camera, and outdoor security camera.

On the basis of resolution, the market is further classified into non-HD, and HD.

On the basis of services, the market is further segmented into professional services and managed services.

The global home security camera market is studied for North America, Europe, Asia Pacific and Rest of the world

Regional Analysis

North America dominates the global home security camera market with a market value of USD 261.3 Million in 2017 and is expected to continue dominance through the forecast period. The presence of major technology giants and start-ups and wider adoption of home security camera are promoting the market growth. Another major factor for home security camera market in North America is the advancement in video analytics for security and safety in homes and other commercial places. Europe was the second-largest market in 2017. Even though, there are many countries in the European Union that restrain the use of security cameras in the homes.

However, Asia Pacific shows the major growth rate of CAGR 10.4% through the forecast period. The region is experiencing growing advancement in infrastructure, support from government bodies, various emergence new companies providing services, and the rise of technology are the major reasons for this steep growth in the region. Major players like Hikvision, Leshi Video Type Co. Ltd, Net Gear, and Nest Cam are investing in the home security camera market. Recently, in April 2018, YI has launched a cloud home security camera with motion detection, two-way audio, cloud storage, and night vision with 1080p full HD support

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Mobile Mapping Market 2020-2027: Global Leading Growth Drivers, COVID- 19 Impact Analysis, Business Trends, Emerging Audience, Segments, Industry Profits and Regional Study

 Global Mobile Mapping Market Research Report: Information by Component (Hardware, Software and Services), Solution (Location-Based, Indoor Mapping, Asset Management and 3D Mapping), Application (Land Surveys and Aerial Surveys), End-User (Real Estate & Construction and IT & Telecom) and Region - Forecast till 2027

Market Overview

Global Mobile Mapping Market is projected to grow at a CAGR of 15.88% during the forecast period (2020-2027)

Market growth is fuelled by the increasing demand for terrestrial mobile mapping for applications requiring roadside information such as transportation, telecommunication, emergency response, and engineering. Inaccuracies in data acquired by mobile mapping systems act as a major hindrance to market growth.

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Regional Analysis

The geographic analysis of the mobile mapping market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

North America is expected to be the largest market for mobile mapping during the forecast period. North America has been segmented into three countries, namely, the US, Canada, and Mexico.

The growing demand for mobile mapping technology in the transportation sector facilitates the need for high-precision mapping over long distances, capturing details regarding road barriers, analysing road surfaces, locating overhead wires, light poles, and signboards, and the assessment of routes drives the market growth in the US. The mobile mapping market in Canada is driven by the growing number of mobile mapping providers and investments from key market players in the country. The growing demand for GNSS (global navigation satellite system) data in Mexico drives the adoption of mobile mapping technology in the country.

Europe holds the second-largest share in the mobile mapping market. The mobile mapping market in the UK is growing due to the strong presence of key players and emerging enterprises offering mobile mapping solutions in the UK. The German mobile mapping market is driven by the growing number of applications for mobile mapping in surveying and indoor mapping in the country. The French mobile mapping market is booming due to the growing investments from key market players such as Google Inc. and Trimble Inc. for offering mobile mapping solutions to the French government and citizens. The Italian market is fuelled by the growing demand for GNSS (Global Navigation Satellite System) data in the country. The increasing adoption of mobile mapping technology in Greece, Switzerland, Belgium, Russia, Poland, Turkey, Italy, Romania, and other European countries drives the market growth in the rest of Europe

Asia-Pacific accounts for the third-largest share in the mobile mapping market. The growing advancements and market penetration of mobile mapping technology in China, Japan, India, Australia, New Zealand, South Korea, and Taiwan rapidly drive market growth in this region. Additionally, Asia-Pacific witnessed high demand for mobile mapping technology for land vehicle navigation, smart highway systems, and smart transport systems. Furthermore, there has been rapid growth in the number of mobile mapping applications for location-based services among countries in the region. Furthermore, the region has the presence of key market players that invest significantly in 3D mobile mapping technology in China, Japan, India, Singapore, Malaysia, Australia, and New-Zealand.

The rest of the world holds the fourth-largest share in the mobile mapping market. The market in this region is at an early stage due to the presence of emerging economies and a lack of developed infrastructure. However, the market presents future growth and investment opportunities for key players due to the increasing demand for mobile mapping technology by the government, manufacturing, telecommunication, military & defence, oil & gas, and construction sectors. Furthermore, the market is expected to grow with an increasing number of emerging enterprises offering mobile mapping solutions in this region.

Competitive Analysis

The key players operating in the global mobile mapping market include Trimble Inc. (US), Mitsubishi Electric Corporation (Japan), Google (US), Pasco Corporation (Japan), The Sanborn Map Company Inc., Huron Geomatics Inc.(Canada), Topcon Corporation (Japan), 3D Laser Mapping, Apple Inc. (US), NavVis, Telefonaktiebolaget LM Ericsson (Sweden), NGC Aerospace Ltd, FARCO Technologies Inc. (US), Microsoft Corporation (US), Hexagon AB (Sweden), TomTom International BV (Netherlands), IGI GmbH (Germany), Hyper-Tech (Israel), and Gexcel (Italy)

Segmental Analysis

Based on component, the global mobile mapping market is segmented into hardware, software, and services. The hardware segment is divided into cameras, sensors, laser scanners, others. The service segment is further bifurcated into professional and managed.

Based on solution, the global mobile mapping market is categorized into location based, indoor mapping, asset management, 3D mapping, and others

Based on application, the global mobile mapping market has been categorized into land survey, aerial surveys, bridge planning, and others.

Based on user type, the global mobile mapping market has been segmented into enterprises and individuals

Based on end-user, the global mobile mapping market has been segmented into agriculture, real estate & construction, energy & power, marine transport, manufacturing, aviation & aerospace, mining, IT & telecom, healthcare, media & entertainment, and others.

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In-App Advertising Market Competitive Dynamics, Size, Share and Global Outlook by forecast 2027

 Global In-App Advertising Market Research Report: by Platform (Android, iOS, others), Ad-Format (Video ad-format, non-video ad-format), Application Type (Online shopping & fashion, gaming, entertainment & social media, news & sports and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast to 2027

Market Highlights

In-app ads are displayed within a mobile app, such as banners at the top or bottom of a game of an app. In-app advertising is currently the fastest growing form of mobile advertising in the market and is highly adopted by marketers due to its various benefits. Over more than a decade, mobile and in-app advertising have been the branches of digital advertising that have seen the fastest growth and technological innovation. Mobile advertising includes video ads, mobile website display, and in-app advertisements.

The global in-app advertising market has been segmented based on platform, Ad-format, application type, and region.

North America is expected to lead the global in-app advertising market during the forecast period, followed by Asia-Pacific. The growth of the in-app advertising market in North America is driven by the presence of market leaders such as Google, Apple Inc., Facebook, Microsoft Corporation, and Tune Inc. among others and their continued investments in the market. Increasing adoption of smartphones and mobile applications gaining popularity has positively impacted the growth of in-app advertising market in the region. Continuous increase in mobile ad spending in countries such as the US and Canada has further driven the growth of in-app advertising market in the region.

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Prominent Players

Some of the Prominent Players in the global in-app advertising market are Microsoft Corporation (US), Facebook Inc.(US), Apple Inc. (US), Google LLC (US), Amobee Inc. (US), MoPub Inc(US), The Rubicon Project, Inc. (US), InMobi (US), Verizon Communications Inc. (US), Tapjoy, Inc. (US) among others

Segmentation

Based on platform, the market has been categorized as Android, iOS, and others. The Android segment accounted for the largest market share of 56.8% in 2018; it is expected to grow at a CAGR of 29.6% during the forecast period of 2020–2027. It is expected to be the fastest growing segment due to increasing proliferation of Android smartphones and the high number of free applications available on Android platform using in-app advertising strategy for revenue generation are some of the factors driving the growth of in-app advertisement in the Android market

Based on Ad-format, the global in-app advertising market has been categorized as video add-format and non-video ad-format. The video-add format held the largest market share during 2018, accounting for a market share of 72.5% and is expected to be the fastest growing segment at a CAGR of 28.7% during the forecast period of 2020–2027. The video format has been proven to deliver higher-value and interactive content to the customers worldwide, which increases customer engagement. Video advertising involves analyzing channel performance and reducing expenditure on low-performance channels, which results in more companies adopting in-app videos as a medium of advertising; this further helps in increasing the ROI.

Based on application type, the market has been segmented as online shopping & fashion, gaming, entertainment & social media, news & sports, and others. The online shopping & fashion segment accounted for the largest market share of 35.8% in 2018. E-commerce applications are increasingly deploying in-app advertising campaigns in order to improve click-through rates and ensure better targeting. It also helps the online shoppers to view the image and understand details of the products which drives the traffic to the website. However, entertainment and sports is expected to be the fastest growing segment with a CAGR 30.0% during the forecast period of 2020–2027.

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Construction Software Market Research Report Outlook, Strategies, Industry Analysis, Future Scope, Key Drivers Forecast To 2027

 Global Construction Software Market Research Report: By Product (Cloud, On-Premise and Web-Based), Application (General Contractors, Building Owners, Independent Construction Managers and Sub-Contractors) - Forecast till 2027

Market Synopsis

As per the analysis by the Market Research Future Reports (MRFR), the worldwide construction software market is estimated to value USD 2715.6 Million by 2027, with a CAGR of 8.8% during the forecast period. The better efficiency and high productivity with refined quality and integration are the major factors driving the global construction software market 2020. Besides, construction software minimizes the cost related to management, takes lesser time, and helps to regulate the waste. Furthermore, the construction software enhances the understanding of a client by providing visuals to the clients. Hence, the demand for construction software is likely to increase in the forthcoming period.

Moreover, the fast technological development has also resulted in the quick adoption of the software. There has been a sudden rise in the usage of cloud in different industrial sectors. It can run heavy applications without the requirement of a supercomputer or a data centre. Various enterprises have adopted cloud-based devices for their benefit.

Due to the sudden outbreak of novel coronavirus, there has been an immense change in the market dynamics. Several regions have been affected due to the pandemic. We will provide COVID-19 impact analysis with the report.

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Covid-19 Impact

During the pandemic, the construction software companies have witnessed a high requirement for customer support and many companies are providing it at low or no additional cost. For instance, Procore Technologies, Inc. is providing free access to its Procore platform and related support services for emergency construction projects, which is expected to support the construction of COVID-19 relief facilities. Autodesk is offering free and extended access to its cloud products during the COVID-19 pandemic.

Market Segmentation

The global construction software market can be classified on the basis of product, application, and region.

On the basis of the product, the global construction software market can be classified into web-based and on premise. Cloud applications are estimated to expand considerably during the forecast period.

On the basis of application, the global construction software market can be segmented into sub-contractors, building owners, general contractors, and independent construction managers. Among all, the independent construction managers are estimated to record the highest CAGR during the forecast period.

On the basis of geography, the global construction software market can be classified into North America, Europe, Asia-Pacific, and the rest of the world.

Regional Analysis

The geographical analysis of North America, Europe, Asia-Pacific, and the rest of the world has been conducted. As per the analysis by MRFR, the North American region acquired the largest market share in 2018. The market is estimated to register a CAGR of 10% during the review period. North America is estimated to lead the global construction software company in terms of market share during the review period. The region has gained immense traction due to the growing popularity of cloud-based construction management software. Among all the countries present in the North American region, the US acquires the most significant market sharing due to the increasing investments in the construction industry. The second and third position is attained by Canada and Mexico, respectively. The second place is attained by the European region.  The market is anticipated to record a CAGR of 7.5% during the review period. On the other hand, the Asia-Pacific region is estimated to record the maximum CAGR of 11.2% during the forecast period.

However, the outbreak of COVID-19 has brought significant changes in market dynamics. Several regions have been affected by the unforeseen pandemic.

Key Players

The significant players of the global construction software market are Turtle Creek Software Oracle Corporation, Sage Group PLC, Trimble Inc, Comprotex Software Inc., Constellation Software Inc., BuilderTREND, iSqFt (ConstructConnect), BuilderMT, and Procore Technologies Inc.

Market Dynamics

Drivers

The Global Construction Software Industry to witness several growth factors

The global construction software industry is powered by numerous growth factors, such as growing demand for efficiency and accuracy in the construction industry, increasing adoption of cloud-deployed construction software, and the ongoing number of mergers and acquisitions in the construction and IT industries.

Opportunities 

Growing investment to offer lucrative opportunities to market players

Building Information Modeling (BIM) integration in sustainable architecture and growing investment in the construction sector are vital opportunities for market players operating in the global construction software market.

Restraints

Technical challenges to limit the market growth

Technical issues on various scales in the construction industry are a significant obstacle to the growth of the market over the future period.

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A2P Messaging Market Research Report Size, Share, Growth Rate, Trends, Analysis, Future Scope, Forecast To 2027

 Global A2P Messaging Market Research Report: Information By Service Type, One Time Password (OTP) Interactive Services, and Two Factor Authentication (2FA), Promotional Services (Promotional Campaign Services, Pushed Content Services, and Inquiry and Search Services), and Interactive Services), Vertical, Region (Europe, North America, Asia-Pacific, the Middle East & Africa, and South America) - Forecast Till 2027

Market Overview

Global A2P Messaging Market is projected to register a CAGR of 4.2 % during the forecast period, 2020–2027. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the next few years.

Global A2P messaging market is expected to witness favourable growth during the forecast period. Factors such as the increase in the mobile subscriber base and rising demand for A2P messaging platform in the enterprise sector is expected to drive the market during the forecast period. The implementation of A2P messaging in business strategies is also expected to boost the growth of the market. However, a lack of infrastructure is likely to restrain the growth of the global market

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Segmental Analysis

Global A2P Messaging Market has been segmented based on Service Type, Vertical, and Region.

Based on service type, the A2P messaging market has been segmented into transactional services, promotional services, and interactive services. These types of A2P messaging services are used for effectively making people aware of various products and services offered by the company.  The promotional service segment accounted for the largest market value in 2019, with a market value of USD 23,231.9 million; it is expected to register a CAGR of 3.6% during the forecast period. The transactional service segment was the second-largest market in 2019, valued at USD 12,795.3 million; it is projected to register the highest CAGR of 5.2%. Transactional messaging refers to messaging related to transactions such as OTP, bank, or any other non-promotional information sent to the registered users. The transactional messaging segment is further divided into unstructured supplementary service data (USSD), one time password (OTP) interactive services, and two factor authentication (2FA). Unstructured supplementary service data (USSD) allows users (end customers) without smartphones or data/internet connections to use various services. A messaging OTP is a secure authorization method where a numeric or alphanumeric code is sent to a mobile number. Two-factor authentication with OTPs delivered via messaging makes user authentication secure and simplifies number verification. Promotional messaging segment refers to messaging, which is sent to promote or advertise the company’s brand to customers that might or might not be registered in the company’s database. The promotional messaging segment is divided into promotional campaign services, pushed content services, and inquiry and search services. A promotional campaign is a series of advertisements developed by organizations to deliver a certain message and therefore promote a business, product, or event. Pushed content services related to education, creating social awareness, and taxation, among others. Inquiry and Search Services is used by almost all organizations working across various industry verticals. Interactive services include rich communication services. Rich communication services (RCS) are a GSMA standard messaging protocol that provides a deeper level of engagement compared to messaging

By vertical, the global A2P messaging market is segmented into BFSI, media & entertainment, healthcare, education & research, retail & e-commerce, government, utilities & logistics, IT & telecommunications, and others. The BFSI segment held the largest market share in 2019, with a market value of USD 10,329.0 million; it is expected to register a CAGR of 4.1% during the forecast period. The retail & e-commerce segment was the second-largest market in 2019, valued at USD 9,337.0 million; it is projected to register a 3.4% CAGR. However, the government segment is expected to register the highest CAGR of 5.8%. The BFSI sector uses A2P messaging services to provide continuous banking services to its customer base. BFSI has emerged as one of the most promising revenue opportunities for the A2P messaging service providers. Media & entertainment include various publishing houses, channels, production companies that use various A2P messaging services, including transactional, interactive, and promotional. The healthcare segment includes hospitals, pharmaceutical companies, nursing homes, and clinics, among others. A2P messaging provides patients with a reminder service when their prescription is ready to be collected. Education & research include schools, universities, research institutes, and colleges. These institutions use A2P messaging services to recruit students, send status updates to applicants, and admission confirmations to students. Retail and e-commerce include online and brick and mortar large grocery stores, apparel stores, electronic stores, and cosmetic stores. Retail chains and e-commerce firms use A2P messaging to promote their seasonal offers on products, communicate about the availability of new stocks in the stores, alerts about new services, and discount offers, among others. Governments use A2P messaging services to create awareness about various programs. A2P messaging services are used by enterprises operating in the utility & logistics sector to send alerts to their clients regarding the status of services and promote various new services. IT & telecommunication companies have been strategically using A2P messaging services to promote their schemes and services to grow their customer base. The others application segment includes manufacturing, chemicals, agriculture, construction, and real estate, among other applications

Competitive Analysis

The key players of the global A2P messaging market include Bharti Airtel Limited (India), China Unicom (Hong Kong) Limited, Tata Communications Limited (India), Sap Se (Germany), Orange Business Services (France), Vodafone Group Plc. (UK), Monty Mobile (UK), ARPUPLUS (Giza), Clickatell(US), Giga Waves (UAE), SMSGLOBAL (Australia), Zen Interactive Technologies (UAE), Global Message Services (Switzerland), Infobip Ltd.(UK), and MGAGE (US).

Regional Analysis

The A2P messaging market, in terms of region, is dominated by Asia-Pacific. The number of digital payment transactions is growing exponentially in the country and, hence, the use of OTP, 2FA, and single-factor authentication messages is very high in the country. Thus, China currently has the largest market share in the Asia-Pacific A2P messaging market and is expected to dominate the region throughout the study period

The North American A2P messaging market is divided into the US, Canada, and Mexico. A2P messaging has helped brands in the region digitally improve their brand image by sending notifications, alerts, advertisements, and other promotional activities to customers. The North American A2P messaging market is expected to be valued at USD 9,138.7 million by 2026

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Industrial Design Market Demand, Industry Size, Top Players, Opportunities, Sales, Revenue and Regional Forecast To 2027

 Global Industrial Design Market Research Report: By Type (Product Design, Model Design and Fabrication, User Interface and Interaction Design, Other Industrial Design), By Application (Transportation, Electronic, Household, Machinery & Equipment, Others) - Forecast to 2027

Market Overview

Market Research Future (MRFR) has announced a new report on the global industrial design market. Extensive data aggregation on the global industrial design market is performed in the report with the help of dynamic primary and secondary research methods. Top-down and bottom-up approaches are used to figure out the market’s overall standing in the global marketplace and the relative role of each segment within the overall market. The global growth prospects of the industrial design market are analyzed by compiling the growth prospects of its various segments. The competitive landscape and segmentation of the global industrial design market are assessed in detail to provide pointers as to how players can succeed in the various components of the market over the coming years.

According to the report, the global industrial design market is likely to rise at a CAGR of 5.85% over the 2020-2027 forecast period, having been valued at USD 32,546.5 million in 2013. The market is expected to almost double in value over the forecast period, with a valuation of USD 61,786.7 million expected for the market by 2027.

The industrial design market has grown steadily in the last few decades due to the growing investment in computer-aided design and computer-aided engineering. The growing global industrial design market is likely to be influenced by factors such as the increasing environmental awareness among industrial heavyweights and the growing incorporation of the Internet of Things (IoT) among industrial sectors to make production processes easier and smoother.

Green engineering is likely to be a major component of the global industrial design market over the forecast period. The industrial design market is expected to be dominated by trends regarding the environmental viability of manufacturing processes as well as the use of environmentally feasible, renewable energy sources in the production of the designed products. Environmentally oriented manufacturing processes are likely to become more popular in the industrial sector over the coming years, shaping the trajectory of the industrial design market as an influential factor.

Recent Developments

• Iptor has entered into a partnership with HARMAN for developing future solutions and providing cloud solutions for clients across publishing, pharmaceutical, and distribution businesses. Design developments comprising social collaboration, process automation, robotic support, and industry 4.0 are expected to drive the demand for industrial design.
• The LG Wing G5 by LG has utilized industrial design to its full potential for its latest smartphone. It has integrated latest technologies and compatible with wireless communication technologies. It contains two display screens with the second one able to swivel horizontally with the help of hydraulic dampers.

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Segmentation Analysis:

The global industrial design market is segmented by type and application.

By type, the market is segmented into product design, model design and fabrication, user interference and interaction design, and other industrial design. Product design is likely to remain the most important segment of the global industrial design market over the forecast period due to its prime importance in any manufacturing sector, rising to a value of USD 23,273.8 million by 2027.

By application, the global industrial design market is segmented into transportation, electronics, household, machinery and equipment, and others. The machinery and equipment segment is likely to remain the leading contributor to the global industrial design market over the forecast period due to the strong growth of the industrial sector in countries round the world. The segment is likely to rise to a valuation of USD 19,889.4 million by 2027, followed by the electronics segment with USD 16,261.5 million.

Regional Analysis:

Asia Pacific is likely to remain the leading contributor to the global industrial design market and is likely to extend its lead at the top of the market’s charts due to the growing investment in the industrial sector. The Asia Pacific is also likely to benefit from the growing adoption of IoT solutions in these and other countries in the region, which represent an untouched market for the IoT industry and are likely to emerge as leading consumers of IoT solutions over the coming years. The manufacturing sector in countries such as India, Korea, Thailand, Taiwan, and Japan is likely to boost spectacularly in the coming years due to the growing government efforts to make the most of the human capital available in these countries and increasing investment by foreign players in these markets. This is also likely to be a major driver for the industrial design market in Asia Pacific over the forecast period, which is expected to reach a valuation of USD 24,264.3 million by the end of the forecast period.

Report Scope

Global Industrial Design Market report compiled by MRFR illustrates the trajectory of segments and sub-segments as well as supporting factor driving their growth. The report contains a comprehensive summary and explores all opportunities, trends, and threats to be faced by industry leaders in the coming years. It is segmented in the following manner:

By Type

• User Interference and Interaction Design
• Model Design and Fabrication
• Product Design
• Other Industrial Design

By Application

• Electronics
• Household
• Machinery and Equipment
• Transportation
• Others

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