Financial Analytics Market Size – Witnessing Significant Growth In Future

The financial analytics market has observed decent growth in the past. Financial analytics is a method that is adopted in companies to increase their productivity. It helps companies in forecasting and making decisions.

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The primary factors driving the financial analytics market are high data intensity, technological improvements in BI (business intelligence) and rising concerns towards data transparency. All these factors provide competitive advantage to the market. However, security concerns and huge business dimensions are likely to restrain the market over the forecast period.

The financial analytics market can be segmented into three major categories, including types, applications, verticals and geographies. On the basis of types, the market can be fragmented into query, reporting and analysis, DBMS (database management system), analytical analysis, data integration tools, consulting and support services, OLAP (online analytical processing) and visualization tools.

The applications financial analytics market can be divided into general ledger management, receivable management, assets and liability management, profitability management, payable management, budgetary control management, general ledger management and GRC (governance, risk and compliance).

The financial analytics market, on the basis of verticals, can be segregated into healthcare and life science, manufacturing, BFSI (Banking, Financial Services and Insurance), travel and hospitality, consumer goods and retail, transportation and logistics, government and telecommunication.

Improvements in business models, including B2B (business to business), B2C (business to customers) and business to employees have led to the emergence of huge opportunities for the financial analytics market. Geographically, the financial analytics market can be categorized into major four regions, including North America, Asia Pacific, Europe and ROW (rest of the world).

Financial Analytics Market

Information Source: Grand View Research

Energy & Power

Packaged Substation Market – Likely To Witness USD 11.21 Billion By 2018

The packaged substation market has witnessed noteworthy growth over the recent past. It is expected to grow further and achieve around USD 11.21 billion by 2019. This is due to increased demand for electricity by data centers depending on continuous power for their operations. Packaged substations are used to avoid breaking down of costly instruments due to high/low voltage, high temperature and jams.

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Fast industrialization across the world, augmented cost effectiveness and reduced losses in power distribution systems are driving factors for the packaged substation market. However, the low acceptance levels of packaged substations and constant upgradations in automation substations are major restraints for the packaged substation market.

Increasing applications of packaged substation in consumer industries, such as buildings, small and big industries, real estate projects and others are likely to propel demand for the packaged substation market over the coming years. The market can be segmented into three major segments. These are applications, types and geographies.

The applications market can be fragmented into two kinds of industries, including power and infrastructure. On the basis of types, the packaged substation market can be fragmented into 36-150 kV transformers and those below 36kV. Geographically, Asia Pacific was reported to be the largest packaged substation market. The demand in Asia Pacific is mainly driven by China and India and technological improvements and increasing distribution networks across these regions.

North America and Europe have shown steady growth. This is owing to increased technological developments and growing industrialization. This trend is expected to continue over the coming years.

Packaged Substation Market

Information Source: Grand View Research


Home Insecticides Market Size – Likely To Collect USD 12, 710 Million By 2018

Home insecticides are used to kill insects and pests at homes. The home insecticides market is anticipated to have collected about USD 9, 650 million in 2013. It is projected to climb at around 5.7 percent CAGR through the forecast phase and reach around USD 12, 710 million by 2018. There are several kinds of insects that enter homes and spoil food products.

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Food products become filthy when spoiled by insects. Pests need to be controlled in and around homes. A broad variety of insecticides made by humans helps check the growth of pesticides. Increased demand for safe and clean gardens and pest-fee homes drive further demand for the home insecticides market. Most home insecticides are eco-friendly, harmless and reasonably priced.

The various user-friendly characteristics of these insecticides do well for the home insecticides market and propel it further. The different home insecticide administration procedures include cultural, physical, genetic, chemical, biological and legal controls. Some of the important insecticides used at home are malathion, carbaryl, neem oil, spinosad, pyrethrin, etc.

Apart from the elements mentioned above that drive the home insecticides market, there are some others which do the same. These include escalating awareness regarding health and sanitation. Moreover, growing consciousness regarding pest-based diseases owing to constant issues with destructive insects is also anticipated to boost the home insecticides market further.

Health apprehensions in relation to synthetic insecticides are predicted to hold back market growth. Substitutes to home insecticides might also create hindrances for the home insecticides market in the coming years. They slow down the progress of this market.

Home Insecticides Market

Information Source: Grand View Research


Anti-Reflective Coatings Market Size – Likely At 8 % CAGR From 2014 To 2020

The worldwide anti-reflective coatings market is projected to record around 8 percent CAGR from 2014 to 2020. It was predicted at about USD 3 billion in 2013. The market is projected to observe around USD 5 billion by 2020. Growing demand for eyewear and emitting lenses and increased utilization of coatings with anti-reflective properties in electronics propel further growth of the anti-reflective coatings market.

Coatings that are anti-reflective improve the seeing ability, as they obstruct unnecessary reflections. Hence, they are majorly used in electrical and optical applications for the efficient decrease of reflection and glare. Coatings with anti-reflective features primarily have characteristics, like high transmission power and low reflection power. The anti-reflective coatings market is fragmented on the basis of consumer applications and geographies.

The consumer applications market includes solar, automobiles, eyewear, electronics and others. Eyewear leaded the market in 2013 and accounted for about 40 percent of the share. Electronics is anticipated to expand strongly through the forecast phase. This is on account of huge anti-reflective coatings demand in smart phone displays and flat panels. On the basis of geographies, the anti-reflective coatings market is sliced into four regions.

These are Europe, North America, Asia Pacific and rest of the world. Asia Pacific is predicted to rise at a high pace in the years lying ahead. Europe is expected to experience steady demand. The expanding industries of solar and automobiles steer the market in this region. Ecological regulations in relation to efforts and client consciousness are the primary obstacles for the anti-reflective coatings market.

Information Source: Hexa Research