Physical Security Finds Colossal Demand in Nations Testifying Increase in Incidence of Crimes and Terror Activities

The global physical security market is predicted to see growth on the back of rising focus on finding solutions for overcoming security problems across the world. In order to keep a check on criminal activities and terrorism and avoid their occurrence, governments have been allocating increasing budgets for physical security. Adoption of physical security in businesses, industries, and other end-use sectors could gain impetus with rising government regulation in several countries that require improved security levels. Emerging regions such as Asia Pacific directing strong investments to infrastructure development could be a powerful factor augmenting the demand for physical security.

According to Transparency Market Research (TMR), the global physical security market could reach to a US$125.03 bn valuation by the end of 2019.

As per chipmaker ARM, looking at aggressive adoption of internet-connected devices that make up IoT, security is no longer optional. In this regard, the company has come up with a microprocessor that could improve physical security capabilities of such devices. Developers could be enabled to obtain a higher level of security certification and restrict physical tampering with the use of the processor named Cortex-M35P as it makes physical security accessible.

Emerging Trend of Convergence of Physical and Logical Security Augurs Well

In the recent past, the world physical security market witnessed the dominance of North America in terms of revenue growth. With high security concerns and improved security measures taken across most end-use verticals, the region could continue taking a commanding share of the market in the foreseeable future. In addition, the region is said to have largely magnified regulatory measures for adopting physical security.

  • Demand for physical security solutions is prognosticated to swell while riding on increasing requirement of biometric solutions, sophisticated access control systems, and internet protocol (IP) videos for various activities.
  • It could escalate with rising prevalence of crimes and terror activities in most parts of the world. With a view to serve security needs of people and their properties, nations have been underlining the requirement of physical security for both prevention and protection.
  • Furthermore, the world physical security market is prophesied to gain traction with growing demand for integrated solutions and rising trend of the convergence of physical and local securities.

Biometric Access Control and Video Surveillance Outshine Hardware Components

Access control systems and intrusion detection and prevention systems are two of the most important hardware components in physical security, besides backup power, visitor management, and fire and life safety.

  • Biometric categorized under access control systems is projected to collect massive market growth in the near term.
  • On the other hand, video surveillance could make up a market segment with both faster growth and larger share among intrusion detection and prevention systems.

If software components of physical security are concerned, physical security information management (PSIM) could reach the top of the list with respect to market share. However, management, analysis and modeling software is expected to rake in some demand in the international physical security market. Nevertheless, PSIM could achieve quick growth with rising awareness among end users, improved sophistication on the part of technology, and reducing costs.

Need to Focus on Core Business Driving Demand for Recruitment Process Outsourcing (RPO) Services Market

Recruitment process Outsourcing services are becoming extremely popular among organizations as this enables organizations to focus on their core business activities rather than focus on recruitment and hiring. The demand for recruitment process outsourcing services is increasing rapidly as organizations are realizing its importance as well as benefits with regards to production of overheads, states Transparency Market Research (TMR), which is a market intelligence company, in its latest report on this market.

In the following blog post, TMR answers important questions regarding the global Recruitment Process Outsourcing (RPO) services market:

What are the factors helping the global market for recruitment process outsourcing to grow?

With an increase in the number of fresh graduates and post-graduates, the need for recruitment process outsourcing services has increased manifolds. Another factor which is helping this market to grow is the high adoption of web based services, software Solutions, and cloud-based services. This trend is presenting promising growth opportunities for new players who wish to enter the market for recruitment process Outsourcing services. The rising awareness about the benefits of RPO services will also boost the growth of this market.

What is the challenge faced by players within the global recruitment process outsourcing market?

One of the key factors posing a challenge for the growth of this market is selectivity. Manufacturers are finding it difficult to comprehend the profile desired by an employer and also not finding it easy to customize the process as per their standards. Another factor that is anticipated to hamper the growth of this market is the lack of awareness about the existence of such services. The unwillingness to leave behind orthodox ways of running a business and hiring process will also act as challenge.

Which regional market is leading in the recruitment process outsourcing market and why?

By geography, the global recruitment process outsourcing market is segmented into Asia-Pacific, North America, Europe, and Rest Of the World. Of these, North America is holding substantial shares and will continue to do so in the years to come as well. North America has been among the first regions to adopt RPO services. In addition to this the presence of a large number of key players within the region will also act as a factor that will drive the growth of the recruitment process Outsourcing Market in North America. Europe is expected to be another key market for recruitment process Outsourcing services, with the UK, Germany, Netherlands, and France in the forefront. Asia-pacific is anticipated to emerge as one of the most lucrative market for RPO on account of the growing penetration of small and medium scale Enterprises as well as the growing trend of large mncs to expand the geographical presence in asia-pacific. The Improvement of economic conditions of countries such as China and India will also help boost the growth of the recruitment process Outsourcing Market in the region.

Smart Poles Market to Benefit from Rising Adoption of Smart City Concepts in Emerging Economies

Light poles have, for all this long, only served as a source of light on roads. However, the concept of smart poles is about to change this. Smart poles are similar to light poles in the regards that they lighten the required areas on roads but are different, and much advanced, in the sense that they combine a whole lot of other functionalities, such as Wi-Fi connecting points, sensors for monitoring air quality, sensors for detecting and notifying officials about security hazards, and the list goes on. The variety of functionalities that can be fitted in simple poles to make them smart poles, with data communication facilities at their heart, are rising at a promising rate, in terms of sensors, networking devices, and data processing parts.

The increasing realization regarding the vast benefits of smart poles in the effective management of a variety of aspects of urban as well as rural set-ups is leading to their increased demand globally. According to a recent market research report by Transparency Market Research, the global market for smart poles will exhibit an impressive 13.7% CAGR from 2017 to 2022.

Listed below are some of the key trends observed in the global smart pole market in the past few years: 

Micro- and Macro-economic Factors Driving the Market

The global smart poles market is chiefly driven due to a large number of micro- and macro-economic factors such as the rising need for monitoring road traffic and preventing road accidents in rapidly expanding urban settings across the globe.

The demand for effective road security measures is also a key factor driving the market, compelling municipalities to equip light poles with close circuit cameras and effective data networking capabilities. The rising consumer base of electric cars has also opened up a new growth avenue for smart poles with their use for charging batteries of e-cars being considered as a viable option.

Increased Focus of Governments on Implementing Smart City Plans

Smart cities are cities that have a number of administrative areas connected with the help of effective data communication capabilities. As governments realize the vast benefits of connected applications in terms of effective data management, deeper insights into the preferences and choices of the population, better security, and better control on law and enforcement, the adoption of smart devices is increasing.

With developed economies presently at the forefront in this area, emerging economies are also increasingly coming forward and are becoming key consumers of smart technologies. In the next few years, this trend will have a major positive implication on the global market for smart poles as well. Infrastructure development activities and increased investment on the improvement of data communication modes in emerging economies will provide the necessary backing for the development of the smart poles market in these countries. 

Increasing Number of Acute Kidney Injuries Stokes Continuous Renal Replacement Therapy Market

Continuous renal replacement therapy (CRRT) is a type of treatment utilized for patients suffering from acute kidney injury, wherein they might be admitted in the intensive care units if the cases turn serious. Patients with acute renal failure along with complications such as multiple organ failure and formation of imperfect organs in the renal system might require undergoing continuous renal replacement therapy (CRRT). Cardiac failures including formation of edema, postoperative liver failure, severe acute pancreatitis, fulminant hepatitis, and multiple organ failures are other ailments where continuous renal replacement therapy might be used. Regarding this therapy, the fluid status of the patients is controlled with the help of electrolytic solutions that passes through the patient’s blood. In this way, uremic toxins are removed, the acid-base abnormalities are checked, which gives further information about the patients’ health.

Why is the global continuous renal replacement market being extensively driven in recent times?

Rise in urological disorders, especially those related to kidney failures and urinary incontinency ailments has caused a substantial increase in the demand for continuous renal replacement therapy (CRRT), thereby driving the associated market. Rising geriatric population also has considerably contributed towards the market’s growth in a positive manner, mainly due to a high prevalence of renal problems in old-aged people. Rapid advancements witnessed by the healthcare sector especially in urological studies, coupled with enhanced treatments for getting rise of renal complications also has made patients prefer efficient therapies. Owing to this reason, a high demand for continuous renal replacement has occurred all over the globe in recent time, thus pushing the market.

Which are the chief competitors active in the global continuous renal replacement market?

NxStage Medical, Inc., Fresenius Medical Care AG & Co. KGaA, INFOMED SA, B. Braun Melsungen AG, Baxter International, Inc., Nipro Corporation, Asahi Kasei Medical Co., Ltd., Bellco, Toray Medical Company Limited, and NIKKISO CO., LTD., are major companies operating in the global continuous renal replacement market. The players are focusing on organic as well as inorganic strategies to expand their growth, thereby increasing their customer base to generate more revenue. Looking at the number of competitors present in the market, the vendor landscape appears to be highly fragmented. Moreover, the intensity of competition is expected to increase as new players regularly establish themselves in the market.

What is the nature of the continuous renal replacement therapy market’s geographical outlook?

This market is mainly spread across North America, Europe, the Middle East and Africa, Latin America, and Asia Pacific as its key regional categories. Of these, Europe depicts topmost growth in the market owing to state-of-the-art treatment provided in leading countries situated in this region. However, the forthcoming years forecast Asia Pacific to grow at a strong pace owing to high prevalence of urinary and renal diseases in the region.

Global Endoscopic Ultrasound Needles Market to Witness Remarkable Rise, Increasing Geriatric Population to be the Main Contributor

The population, worldwide, is aging rapidly. Various countries are reporting a substantially expanded base of the geriatric population, which is leading to a rise in the number of knee-hip implants, bariatric surgeries, colonoscopy, and gastrointestinal endoscopic ultrasound procedures for the enhancement of the quality and the expectancy of their life. This, in turn, is fueling the demand and usage of endoscopic ultrasound needles, remarkably across the world. The increasing prevalence of cancer, globally, is another important factor behind the augmented uptake of for endoscopic ultrasound needles and is expected to remain supporting the growth of this market over the next few years.

According to Transparency Market Research (TMR), the global market for endoscopic ultrasound needles was worth US$ 272.7 mn in 2016.  Expanding at a healthy CAGR of more than 4.50% during the period from 2017 to 2025, the market’s opportunity is expected to reach nearly US$405 mn by the 2025 end.

In this blog post, TMR researchers are answering some of the prominent questions about the global endoscopic ultrasound needles market:

What are the main factors that will propel the global market for endoscopic ultrasound needles in the future?

Nowadays, the preference for non-invasive or minimally invasive surgeries has increased significantly among people across the world. The emergence of advanced robotic devices, which offer higher control and vision during surgeries, has enabled doctors and other medical professionals to perform safe, less invasive, and precise surgical procedures. This non-robotic surgery, which is minimally invasive too, is also known as endoscopic surgery and can be classified into thoracoscopic surgery and laparoscopic surgery. 

The demand for minimally invasive procedures, which result in small incisions, lessened pain, quicker recovery time, shorter hospital stay, less scarring, reduced blood loss, and lower risk of infection, as compared to traditional surgeries, is increasing continuously, and is projected to reflect positively on the uptake of endoscopic surgery, leading to a high demand for endoscopic ultrasound needles in the near future.

Which of the regional markets is likely to acquire dominance over the next few years?

Regionally, the global market for endoscopic ultrasound needles is spread across North America, Europe, the Middle East and Africa, Asia Pacific, and Latin America. With the high uptake of endoscopic ultrasound needles and the increased health care expenditure, North America has been dominating the global market for endoscopic ultrasound needles and is projected to continue to lead over the next few years, too. Europe stood second in the global market in 2016 and is projected to remain holding a significant market share in the near future, thanks to the increasing incidence of cancer and chronic hepatobiliary diseases in in this region.

Asia Pacific, on the other hand, is anticipated to register promising growth opportunities for market players on account of the rise in the healthcare expenditure in Asian countries. In 2016, it was worth approximately US$22 mn. With the rising focus of key participants on expanding their bases in Asia Pacific, thanks to the presence of a large untapped population and the augmenting awareness level of consumers regarding healthcare, the Asia Pacific market for endoscopic ultrasound needles is predicted to witness a high growth rate in the years to come.

Need for Safe Disposal of Risky Medical Apparatus to Propel Sharps Containers Market

Sharps containers are used to dispose biomedical and other medical wastes in a seemingly safer and efficient manner. Sharps containers are primarily designed to be used for risky instruments. The containers comprise of plastics, in order to reduce the risk of injuries or infection. Syringes, hypodermic needles, disposable scalpels and IV catheters are largely disposed in these sharps containers. 

Recently, Becton, Dickinson and Company, which is a prominent sharps containers producing enterprise, introduced a new program to ensure the efficient containment and disposal of household sharps in the U.S. This generated a lot of awareness regarding safe disposal of metal sharps at home, leading to a surge in interest in the product. 

What is the key factor driving the global sharps container market?

A WHO report says that more than 16 billion injections are administered over the globe each year. These staggering number shows the amount of possibly infected and risky equipment that requires to be disposed off in a safe and efficient manner. Hence, it is extremely important for health care facilities and other medical waste generators to collect and dispose the contaminated metal sharps waste properly, without raising the chances of infection of injury. 

Thus, the sharps containers market is driven by an increasing demand for saline needles, syringes, catheters, and reagents in laboratories, hospitals and other research facilities. Additionally, the global sharps containers market is also predicted to witness significant growth on account of the stringent regulations by the government implemented in several developed as well as emerging countries.

What other drivers are generating sales in the market?

The enhancement and ease of access to healthcare, coupled with the growing penetration of technology and other innovations in the healthcare arena has led to a surge in the utilization of sharps containers, thereby directly creating an impact on sharps containers market. The rising amounts allocated towards health care in developing regions is also making a significant contribution towards pushing the sale of sharps containers.

Which region is expected to dominate the market in the coming years?

Geographically, North America led the global sharps containers market in 2016. This could be attributed to the high adoption of sharps management service offered by leading enterprises in countries such as the U.S. The region has an extremely positive outlook due to its superior medical facilities and abundance of insurance plans. Solidawareness in individuals about the best medical practices available has also proved beneficial for the market in the region.Medtronic, Becton, Dickinson and Company, Daniels Health, Sharps Compliance, Inc., MAUSER, EnviroTain, LLC, Bondtech Corporation, Bemis Manufacturing Company, and Henry Schein, Inc.

Target Drones Market: Increased Demand from the Defense Industry to Influence Market Growth

Target Drones Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” is a brand new market intelligence study that has been included to the extensive and rich repository of Transparency Market Research. The publication studies and explores the international vendor landscape of the target drones market. Taking help and cue from an elaborate market insight, this study of target drones makes an offering of an all-inclusive evaluation of the market for target drones. The publication further gauges the ongoing scenario of the said market. Based on optimistic and likely situations, the report also evaluates the growth prospects of the market for target drones that might appear in the years to come. The study report also underscores the current trends that are present in the international market for target drones together with its macro and micro economic directives.

Target drones refer to unmanned aerial vehicles which are controlled by a remote and are mostly utilized in the defense industry. Target drone popularly utilized in the defense industry mostly for the purpose of training in anti-aircraft warfare. They act as substitutes for aerial targets which are basically used in evaluation, testing, research and development. They also look like model aircraft which are radio-controlled. The present day target drones are utilized in countermeasures, radar, and similar systems in a bid to mimic the manned aircraft.

Surge in funds for the purpose of various training programs in the military across the world is forecasted to bolster the demand for target drones as they are being adopted increasingly in the defense sector for the purpose of training. In addition to that, increase in occurrences of maritime piracy, civil unrest, and political terrorism have increased the funds for the purpose of realistic military training. However, on the other hand, shortage of skilled and trained personnel to operate and regulate the target drones is being forecasted to restrain the market over the period of forecast.

In terms of geography the world market for target drones can be divided into the regions of South America, North America, Middle East & Africa, Asia Pacific, and Europe. The region of North America is anticipated to comprise the lion’s share of the world market for target drones over the timeframe of forecast owing to the surge in investment for the purpose of training programs in the defense sector and the rise in budget allocation for target drones in the United States. The region of Asia Pacific is further prognosticated to experience the a very high growth rate over the period of forecast from various emerging nations such as China and India owing to their developing and emerging air-based defense equipment so as to diminish expenditure in the imports.

Some of the market participants which are operating in the international market for target drones are ASV Global, AeroTargets International, LLC, The Boeing Company, Lockheed Martin Corporation, QinetiQ Group plc, Security Solutions, Inc., Saab AB, Kratos Defense, Leonardo S.p.A., and Northrop Grumman Corporation.

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