Market Research Report and Forecast

According to a new report by IMARC Group. the   global industrial IoT market size reached US$ 126 Billion in 2019 . Looking forward, the market is expected to continue its moderate growth during the next five years. Industrial Internet of Things (IIoT) is a network of interconnected sensors and devices, which are used to enhance industrial and manufacturing processes. The smart sensors and actuators employed in the network enable monitoring, collection, analysis and exchange of data, which improves the overall operational performance and visibility. With the advent of advanced technologies, like big data, sensor data, machine learning and automation, IIoT helps in increasing productivity significantly while reducing various recurring complexities. Additionally, it offers multiple advantages including real-time monitoring, asset optimization, remote diagnosis, cost-effectiveness and proactive maintenance. Owing to these benefits, it is widely adopted across diversified industry...

According to the new research report by IMARC Group. the global medical transcription market reached a value of US$ 59.7 Billion in 2019. Looking forward, IMARC Group expects the market to continue its moderate growth during the next five years. Medical transcription (MT) refers to the processing of transcribing verbal dictations of medical reports for the records of healthcare professionals, insurance claims, and patient’s medical charts. The process starts with the healthcare professional recording vital information related to the patient into a digital recording device, such as a hand-held digital recorder or personal computer (PC). The superior quality of the audio recording is preferred as the quality directly affects the accuracy of the transcribed files. Once transcribed, the data is then checked thoroughly to eliminate minor errors and ensure accuracy. The files are further forwarded to the professional for a final review, following which the patient and hospital receive the ...

According to the new research report by IMARC Group, the  global protective relay market  grew at a CAGR of around 6% during 2014-2019. Looking forward, the market is expected to continue its moderate growth during the next five years. A protective relay refers to a mechanical or digital system installed in electrical circuits to reduce failures in motors, generators, and transformers. It receives inputs in the form of voltage, current, resistance, and temperature. A protective relay matches the received input to set points and displays the outputs in the form of indicator lights, control warnings or alarms. It also prevents potential failures and helps in detecting the damaged equipment or devices in the circuit by giving the tripping command to the circuit breaker. The modern variants of the protective relay are microprocessor-based digital tools that are more efficient and cost-effective than their conventional counterparts. Get a PDF Sample for more detailed market insight...

According to the new research report by IMARC Group, the global passenger information system market grew at a CAGR of around 14% during 2014-2019. Looking forward, the market is expected to continue its moderate growth during the next five years. A passenger information system (PIS) is a communication platform between a transit agency and passengers. It is also known as a customer information system and provides real-time information to users about public transport via voice, visual or other media. PIS helps in obtaining data about schedules, entertainment, news broadcasts, and emergency communication services. In line with this, it allows passengers to get relevant information regarding the status of various transportation mediums and facilitating them to plan their journeys better. Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/passenger-information-system-market/requestsample Market Trends The growing demand by passengers to receive reliable and...

According to new research report by IMARC Group, the global  portable generator market size  reached US$ 4.6 Billion in 2019. The market is further projected to reach a value of US$ 6.7 Billion by 2025, exhibiting a CAGR of 6.5% during 2020-2025. Portable generators are designed to provide temporary AC power for non-hardwired, stand-alone applications. They are widely adopted as backup devices comprising of an internal combustion engine, starter, alternator, fuel tank, and outlets assembled onto a metal frame in a single unit. The low-end models of portable generators support few basic home appliances, whereas the high-end models provide power backup for the entire house. Market Trends Portable generators are gaining popularity among the consumers as they are convenient to use and are cost-effective. Portable generators are widely adopted across construction sites to support the operation of power tools, such as paint sprayers, air compressors, drills, saws, etc. to provide op...

According to the new research report by IMARC Group, titled “ Safety Switches Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025 ,” the global safety switches market size reached US$ 1.55 Billion in 2019. A safety switch is an equipment that instantly turns the power supply off as soon as an electrical fault is detected. This minimizes the risk of electricity-related fires, shock, injury, and casualties by automatically disconnecting the electrical supply. As a result, these switches are widely adopted across several industries, including power, chemical, metal, mining, automotive, oil and gas, aerospace, etc. Furthermore, several IT-based organizations are using safety switches in their workplaces to prevent work-related hazards, safeguard the workforce, and meet the corporate safety standards. Market Trends The advent of energy-efficient and eco-friendly systems is augmenting the demand for safety switches. Additionally, several governments are im...

According to the new research report, the global diaper market was worth US$ 69 Billion in 2019. Looking forward IMARC Group expects the market to exhibit moderate growth during the forecast period (2020-2025). A diaper refers to a type of underwear that enables the wearer to urinate or defecate without using a toilet. It is made from synthetic disposable materials or cloth. Cloth diapers utilize multiple layers of fabrics, which are washable and reusable, whereas the disposable diapers are made up of absorbent chemicals and are thrown away post usage. The inner lining of polypropylene prevents the soiling of the outer by absorbing or containing the waste. The product has gained immense traction across the globe due to several advancements pertaining to enhanced design, biodegradability, and safety. Global Diaper Market Trends The growing global geriatric population, along with the high prevalence of urinary incontinence, is primarily augmenting the demand for diapers. The high birth ...