North America is the Largest Cloud Telephony Service Market

Cloud telephony services are internet-enabled voice infrastructures and data communications where a third party host several applications such as storage, telecommunications, and switching and are further accessed over the internet channels. These parties perform operations on public switched telephone networks (PSTNs)VoIP phone systems (Voice over Internet Protocol) which can operate without a physical connection to a network provider since they perform functions in a virtual mode. Moreover, the increasing penetration of mobile phones across the globe is a major reason for the growth of the global cloud telephony market. 

On the basis of organization size, the cloud telephony service market is categorized into large and small and medium enterprises. Among these segments, small and medium enterprises are anticipated to witness the fastest growth during the forecast period since it enables simple operations of the business. Cloud telephony services provide a great value of money to these enterprises by promoting efficient and effective communication within the organization or on mobile devices and enables lower subscription costs. Additionally, increasing the popularity of cloud telephony service in small and medium enterprises is thus bolstering the growth of the cloud telephony service market globally. 

Migration of telecom companies from traditional to IP networks, increasing accessibility to electricity in developing countries, cost-effective alternative to traditional telephony services including PSTN and ISDN are the key factors attributing towards the growth of global cloud telephony service market. Furthermore, the migration of telecom companies from traditional to IP networks has made it brought a push to the virtual telecom or cloud telephony services. This technology is more economical than the traditional telephony systems and thus, is getting adopted by major business operators across the globe. 

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Geographically, North America is the largest cloud telephony service market due to the increasing advancements made by the key players in the aspect of the internet of things compared to other technologies. The increasing utilization of cloud computing technology and the growing telecom domain are other factors contributing towards the growth of the cloud telephony service market in the region.

Furthermore, the cloud telephony service market in the Asia-Pacific is anticipated to witness the fastest growth due to the increasing adoption of technology and increasing accessibility to electricity. Furthermore, due to technological advancement in the cloud telephony services in countries such as India, this has made it accessible to SEBI and has further enhanced the growth of the cloud telephony service market.

Some of the key players in the cloud telephony market are Microsoft Corporation, Cisco Systems, Tele Logic,8×8, Inc., BroadSoft, Inc., Exotel Techcom Pvt. Ltd., DIALPAD, Knowlarity Communications Pvt Ltd., Go 2 Market India Pvt. Ltd., and Mitel Networks Corporation.

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North America is the Second Largest Market in the Hi-Fi System Market Globally

The global high-fidelity (Hi-Fi) systems market is anticipated to exhibit significant growth during the forecast period due to the increasing demand for quality music among the audiophiles. Hi-Fi system comprises of speaker enclosures with large woofers along with acoustic suspension sealed enclosures which provide a deep bass from big sized boxes. The increasing demand for wireless audio devices is expected to drive the growth of the Hi-Fi system market. The wireless systems comprise of several audio products such as soundbars, speakers, network media players, and headphones. 

Based on the application, the market is segmented into residential, commercial, automotive, and other applications. The commercial application is further segmented into the restaurant, multiplex, shopping mall, and others. The Hi-Fi system market for commercial applications is anticipated to witness the fastest growth during the forecast period. The automotive application is further categorized into cars and others.

The Hi-Fi system market is gaining popularity in the automotive industry with the emerging trends that automotive manufacturers provide wireless Hi-Fi speaker systems to cars. The automotive industry provides luxury and comfort to the consumers with the help of fully integrated wireless hi-fi speakers in the cars. In today’s world, all the luxurious automotive comprises of fully integrated wireless systems and all other manufacturers provide such facilities in their top-end models. The growing demand for luxury automotive in the developing countries in cars and buses is expected to further enhance the demand for hi-fi systems globally.

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Geographically, Asia-Pacific is the largest market for Hi-Fi systems and is also anticipated to witness the highest growth among all other regions including Europe and North America. The region has the highest population in the world and with rapid technological advancements, the region is observing an increase in the purchasing power of the people. The people of this region are increasingly demanding wireless and portable devices that help in making their day to day lives convenient.

North America is the second-largest market in the Hi-Fi system market, globally. The region is witnessing significant growth due to sustainable growth in the market and also because of the presence of a large number of manufacturers in the region which aims at delivering luxury and comfort to their users that furthers helps in enhancing their value. The region is observing an increasing demand for luxury automotive that comes with wireless systems and helps the consumers in maximizing their satisfaction.

Some of the major players operating in the Hi-Fi system market include Onkyo Corporation, Bowers & Wilkins Group Ltd., Yamaha Corporation, Bose Corporation, Panasonic Corporation, Harman International Inc., LG Electronics Corporation, DEI Holdings, Inc., Koninklijke Philips N.V., Samsung Electronics Co., Ltd., Sony Corporation and Tannoy Ltd. 

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Global Robotic Process Automation Market is Growing at a Significant rate

The global robotic process automation market is growing at a significant rate due to the ease in business processes with the installation of robotic process automation, robotic process automation convergence with conventional business processes, high demand from the logistics industry. The use of robotic process automation helps organizations to gain shorter sales cycle times and increased the quality of the product that helps the companies in improving the overall experience. Robotic process automation market uses artificial intelligence technology to handle complex back-office tasks and is observing explosive growth in this market. 

The ease in business processes with the installation of robotic process automation is driving this market globally. The robotic process automation impacts the operations and competitive positioning of the company by affecting its economic value, quality and control measures, flexible execution, and workforce advantages. This technology also helps the companies in providing ease of deployment and helps in improving the speed and agility of the organization. The technology also facilitates the organizations to automate and maximize their productivity. With the help of this technology, the companies can shift from labor centric operating model to a technology-enabled operating model.

Robotic process automation helps in digitizing complex and expensive error-prone manual processes by reducing errors, improving the quality of the products, and enhancing the satisfaction of the customers. The implementation of robotic process automation the companies are able to reduce their operational costs and improve the return on investment objectives at a much faster pace as compared to the implementation of traditional enterprise resource planning (ERP) deployment.

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Geographically, North America is the largest market for robotic process automation. In the U.S., the BFSI industry is increasingly using RPA to improve its business processes. The BFSI industry is implementing RPA due to a high degree of flexibility and scalability, greater data processing, and workflow management capabilities provided by this system in the organizations. The manufacturing industries in Mexico are increasingly using robotic process automation technology that is contributing towards the growth of this market in North America.

Asia-Pacific is expected to be the fastest-growing region for the robotic process automation market. The growth of the robotic process automation market in the region is expected to take place due to the increasing demand for the technology in healthcare, tourism, and logistics sector. Also, the rapid development in the banking sector of the major economies such as China, India, and Japan are leading to the growth of the Asia-Pacific robotic automation industry.

Some of the key players providing the robotic process automation solutions include Nice Systems Ltd., Pegasystems Inc., Automation Anywhere, Blue Prism PLC, Ipsoft, Inc., Celaton Ltd., Redwood Software, Uipath SRL, Verint System Inc. and Xerox Corporation. 

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Global Logistics Automation Market is Expected to Grow at a Significant rate

The global logistics automation market is expected to grow at a significant rate during the forecast period (2018 – 2024). The adoption of driverless vehicles and drones is performing a significant role towards the growth of the global market. Logistics automation is an application of automation software that helps enterprises in improving the effectiveness of logistics procedures. Furthermore, these systems comprise of equipment, software, and relevant services. This system helps in proving improved quality products to the customers in order to cater to their ever-changing demand related to cost-effectiveness and timely delivery of products. Moreover, the emergence of IoT and technological advancements in robotics are other factors that are strengthening the growth of the logistics automation market across the globe. 

Increasing acceptance of IoT technology is helping the business enterprises to generate, store, process, and share a huge amount of data with other connected devices such as radio frequency identification (RFID), sensors, and gateway. Moreover, there has been an increased demand pertaining to connected technologies, smart devices, and applications. These are the key trends observed in the market, globally. IoT plays a crucial role to augment, automation, and connectivity which is enabling the business organizations to develop cost-efficient and productive warehouse facilities. Moreover, increasing demand and advantages of IoT is further strengthening the growth of the logistics automation market. 

The major factors that are driving the growth of the logistics automation market include extensive growth in the e-commerce industry along with advancements in the field of robotics. According to a recent study, it has been observed that the boom in the e-commerce industry has threatened the growth of retail, manufacturing, and logistic domain drastically. The shift from traditional brick and mortar stores to online stores is imposing abundance pressure upon the requirement of labor, warehouses, transportation, and supply chain process of various business organizations. 

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Geographically, the logistics automation market in North America contribute the largest revenue, globally and is further expected to witness high growth during the forecast period. The growth of the logistics automation market in this region is due to the existence of large enterprises that are persistently utilizing logistics automation solutions for improving supply chain methods which include transportation, manufacturing, and assembling of products.

Moreover, it has been observed that the economic growth of the U.S., Canada, and Mexico has aggravated investment avenues in the logistics automation market in North America. Furthermore, the Asia-Pacific market is predicted to witness the highest CAGR during the forecast period due to the increasing demand for automated material hold systems from various warehouses and manufacturing industries. Additionally, enlargement of logistics and transportation segments in the Asia Pacific is another factor pertaining towards the growth of the logistics automation market in this region.

The logistics automation market is fragmented and the key players operating in this market include Dematic Corporation, Murata Machinery, Ltd., Daifuku Co., Ltd., SSI Schaefer AG, Mecalux, S.A., VITRONIC, BEUMER Group, Toshiba Logistics Corporation, Honeywell Intelligrated, Inc., Swisslog Holding AG, KNAPP AG, TGW Logistics Group GmbH, Jungheinrich AG, WiseTech Global Limited, Falcon Autotech, System Logistics Spa, Matternet Inc., Pcdata BV, and JBT Corporation. 

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Process Analytics Market in Europe Generate the Largest Revenue

The global process analytics market is expected to witness significant growth during the forecast period. The growth of this market is attributed towards increased adoption of digital transformation among various business enterprises and rapid adherence to task-level mechanization across the globe. Process analytics undertakes procedural breakdown of the process of an enterprise that helps in conveying effective inputs, operations, and outcomes at every single stage. This technique further provides a clear understanding of the effective operation of process and in determining prospective targets for process enhancement through the removal of wastage and increment inefficiency. These benefits and features are thereby amplifying the growth of process analytics industry across the globe. 

On the basis of deployment type, the process analytics market is segmented into on-premises and cloud. Among these two segments, cloud deployment is expected to witness faster growth during the forecast period. Since, organizations are rapidly adopting cloud deployment in order to enable privacy, integration of various cloud applications, and to meet the legal compliances. Moreover, cloud deployment helps the business enterprises in managing cost and thereby helps in improving the business agility of an organization. 

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The major factor that is driving the growth of the global market includes employment of digital transformation that is enhancing awareness among the users helping them to understand and analyze business operations. Furthermore, it has been observed that the association between enterprise resource planning (ERP) vendors and increasing adoption of task-level automation are other factors pertaining towards the growth of the process analytics market, globally. 

Geographically, the process analytics market in Europe generates the largest revenue and is further anticipated to witness high growth during the forecast period. The growth of the process analytics market in this region is attributed to the development of the latest process analytics technology among various large enterprises. Furthermore, among various countries, the Netherlands and Germany are the major leaders in Europe. The key players operating in this region are adopting this technology in prevailing their analytics portfolio that enables speedy and efficient operations in order to gain competitive advantage. Process analytics is helping the organizations in Europe to classify unexplored trends and arrangements that help them in becoming technologically effective.

The key players offering their solution in the process analytics market include Celonis, Kofax, Fluxicon, Minit, Icaro Tech, Lana Labs, Logpickr, Process Mining Group, Software AG, Fujitsu, CA Technologies, Process Analytics Factory, StereoLOGIC, Intellera Monkey Mining, QPR Software, TimelinePI, Scheer, Cognitive Technology, Signavio, and ProcessGold.   

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North America is the Largest Market for 3D Animation

Now, these days animation is the most effective tool of communication to enhance the awareness of a product and increase the market for different business segments globally. Computer animation is the process of developing animated images using computer graphics. Currently, computer animation is increasingly using 3D animation as it comprises of various features such as mobile media, marketing media, web, and outsourcing media. 

The increasing adoption of motion capturing and 3D video games are driving the demand for global 3D animation market. 3D animation involves the ability to display movement. It also reveals the functions of an object and not solely the spatial moments of an object. The motion capture feature of animation was first adopted n films and television but the use of tools was resistant in that area. For instance, the movie “Avatar” was a blockbuster hit as it displayed the use of motion capturing technique, and the audience appreciated the change in that animated movie. 

The video game industry is observed to be the first industry to embrace the use of motion capture tools to display the motion of the character in the games and in the present scenario, this tool is used on almost every video game. The increasing usage of smartphones is changing the demands for users as well. The development of 3D mobile applications and 3D video changes which provides a realistic experience to the users is fetching much more acceptance in the market as compared to the computer animation. Moreover, this is driving the demand for 3D animation in video games and increasing the global 3D animation market. 

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The increasing adoption of 3D Animation Technology in Medical Forensics is creating opportunities for the growth of the global 3D animation market. Forensic animation uses a motion capturing technique to explain the internal working of any device. The same device had been used in several movies such as Lord of the Rings and Spiderman to create detailed and precise animations. The benefits offered by forensic animations are helping the 3D animation market to grow globally. This animation helps in increasing the persuasiveness and creates a lasting visual impression to attract the audience. 

North America is the largest market for 3D animation since the region is constantly developing its computer animation technology and increasingly using this technology in the media and entertainment industry. The region is using 3D animation technology to conceptualize a product or service of any business organization that is still in the developmental stage. Asia-Pacific especially countries link China, Korea, India, Japan are expected to witness the fastest growth in this market. The use of 3D animation in this region is attracting the viewers for a particular product or service and also helps in showcasing the overall standard and vision of the business organizations in the region. 

Some of the major players operating in the global 3D animation market include Autodesk Inc., Autodessys, Adobe Systems Inc., Corel Corporation, Maxon Computer, Newtek Inc., Nvidia Corporation, Pixologic Inc., Sidefx Software, The Foundry Visionmongers Ltd., Trimble Navigation Ltd., and Toon Boom Animation Inc. 

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Geographically, North America Dominates the Lab-on-Chip Market

A lab-on-chip (LOC) helps in incorporating laboratory functions via a solely unified circuit. Lab-on-chips has extensively evolved the field of diagnosis and is increasingly being utilized in the application of microfluidic-chip-based technologies such as chemical synthesis, medical diagnostics, and the study of complex cellular process. Moreover, LOC helps in providing quick diagnoses that are considered to be quiet accessible and easy to handle option, Furthermore, these are the reasons that have increased the significance of LOC market across the globe. 

Based upon industry users, the LOC market is segmented into diagnostics centers, biotechnology & pharmaceutical companies, academic & research institutes, hospitals, and others. Among all these segments biotechnology & pharmaceutical companies are anticipated to witness the fastest growth during the forecast period since the world is observing the large population that further implies an increase in the number of patients as well. 

Increase in adoption of personalized medicine, increase in drug discovery and life science research, use in bio-marker based detection and the need for high-speed diagnostics are the key factors driving the global lab-on-chip market. LOC technology is used for bacteria detection, real-time PCR, DNA check, and cellular analysis in the biomedical field. This helps in lessening energy consumption with a faster synthesis which helps in providing quick results and faster diagnosis which makes the LOC technology more significant in the biomedical field. 

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Geographically, North America dominates the lab-on-chip market due to the increased demand for microfluidic products in pharma, diagnostic, and clinical domain in this region. Moreover, LOC technology is widely promoted and accepted in this region because of the cost efficiency and usage in a variety of applications. Furthermore, key players in North America are taking efforts towards the introduction of microfluidic products. 

Moreover, Asia-Pacific is anticipated to witness the fastest growth during the forecast period due to the increasing population and growing adoption of advanced technologies in this region. Furthermore, there are several government initiatives and increasing expenditure on highly innovative technologies paving the way for the growth of the LOC market in this region. 

Key players in the LOC market are taking steps to empower their position in the market by improving the quality of the system and developing the latest technology. The firms are making a strategic alliance with medium scale firms to make the technology more economical. This acts as a role to remove the hurdle of cheap alternatives. The prominent players in the LOC market include Becton, Dickinson and Company, Agilent Technologies, Inc., PerkinElmer, Inc., Danaher Corporation, Bio-Rad Laboratories, Thermo Fisher Scientific, Abbott Laboratories, Roche Diagnostics, Siemens Healthcare, Bio-Rad Laboratories, Abaxis Inc., Achira Labs, Advanced Liquid Logic and Advanced Microlabs. 

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