Covid-19 Impact in the Tank level monitoring system market

 The tank level monitoring system market size is expected to grow from USD 757 million in 2020 to USD 1,057 million by 2025, at a CAGR of 6.9%. Growing demand from process industries and growing demand for IoT-based tank level monitoring systems are the key factors driving the growth of the tank level monitoring system market.

Covid-19 Impact in the Tank level monitoring system market

The outbreak of the COVID-19 pandemic has adversely impacted the growth of several industries, including manufacturing, oil & gas, and many others. Oil & gas is a major end-use industry of the tank level monitoring system market. Due to COVID-19, many ongoing or new projects across the oil and gas value chain are likely to face many challenges in terms of project execution, planning, and risk management. More than 2000 EPC oil & gas projects across various segments, including LNG, petrochemical, and oil storage & refineries, have to come to a halt or are delayed due to the pandemic. The energy research firm Rystad Energy has predicted that a 25% decline in oil prices could result in a cut in oil and gas investments by USD 30 billion globally.

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Market for Oil & fuel to hold largest share in 2019

The market for oil & fuel accounted for the largest size in 2019. The levels of oil and fuel in storage tanks must be continuously monitored because of strict safety and environmental requirements. Overfilling or product discharge on deck and into the sea could have devastating consequences for human life and the environment. The charging and discharging procedures have to be carefully supervised. Advancements in technology have allowed the level sensing technology to measure oil and fuel levels in storage tanks. IoT-based solutions are also gaining traction in the oil & gas industry.

Market for invasive product type to hold largest share in 2019

The market for  invasive  type is estimated to account for the largest share of the overall tank level monitoring system market in 2019. Invasive tank level monitoring solution products offer a direct and reliable method to monitor a variety of liquid types. These types of products are compatible with most fluid types. The main advantage of the invasive type of products is that they are non-powered and are relatively inexpensive as compared to the non-invasive type of tank level monitoring system products.

Market in APAC to grow at highest CAGR during the forecast period

In terms of value, APAC  to grow at highest CAGR during the forecast period.  Among all applications, the oil & fuel segment is the most dominant application in the APAC tank level monitoring system market. APAC is expected to show significant growth in the oil & gas industry. India is expected to be one of the largest contributors to non-OECD petroleum consumption growth globally.

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Key Market Players

TE Connectivity (Switzerland), Emerson Electricl (US), Graco Inc (US), Piusi (Italy), Tank Scan (US), Gauging Systems (US), Varec Inc (US), Digi International (US), Dunraven Systems (Ireleand), Schneider Electric (France), Pneumercator  (US), The Southern Company (US), Skybitz (US), AIUT (US), AXSensor (Sweden), HMS Networks (Switzerland), Kingspan (Ireland), Schmitt Industries Inc (Germany), Oriel Systems (UK) and Powelectrics (UK) are a few major companies dominating the Tank level monitoring system market.

Tank level monitoring system market dynamics

Driver: Growing demand from process industries

Increasing demand for tank level monitoring systems for safety and efficiency requirements, especially from the process industries, such as chemical plants, pulp & paper, steel mills, power generation, and glass manufacturing, is expected to boost the overall growth of the tank level monitoring system market.

Overfills result in material and production loss while threatening to damage the silo itself. For tanks containing hazardous materials, spilling could also lead to disastrous environmental impacts and associated cleanup costs and fines. Failing to refill feedstock tanks in time could also cause businesses to run out of stock, which leads to delayed production and delivery. This is one of the major reasons behind the adoption of tank level monitoring systems.

Restraint: Security issues in using wireless communication

A tank level monitoring system provides meaningful data on tank fuel and level and any leaks for industrial applications. Moreover, wireless infrastructure needs analytics software and Internet connections. The hardware and software in the tank level monitoring system are interconnected and communicate with each other through the Internet. The data retrieved from the tank level monitoring system uses a well-built structure for storage, which may lead to data loss or malfunctions.

Opportunity: Growing popularity of IoT-based tank level monitoring systems

Compared to wired communications, a wireless IoT solution for industrial tank monitoring has many advantages. Wireless connectivity is flexible, cost-effective, and much easy to deploy. With a long-range and power-efficient solution like low power wide area networks (LPWANs), one can easily connect hard-to-reach assets using sensors operating on independent batteries that can last for years.

Due to simple maintenance and low device and network costs, LPWANs can be implemented at a lower cost than other wireless alternatives. By unlocking 24/7 asset visibility and feeding this data into enterprise management systems, a wireless IoT architecture enables enhanced production planning, asset management and protection, and operational safety.

Challenge: Overlapping technologies for similar applications

One of the major challenges impacting the growth of the tank level monitoring system market is the use of different level-sensing technologies for the same application. Overlapping of technologies leads to the cannibalization of the market. For instance, the ultrasonic and radar transmitters are highly preferred instead of tank level monitoring systems, which, in turn, leads to inhibiting its market growth.

Emerging Applications in the head-up displays

 The head-up display market is estimated to grow from USD 1.3 billion in 2018 to USD 4.7 billion by 2023, growing at a CAGR of 29.9% during the forecast period. The factors such as increase in awareness about passenger and vehicle safety; convenience offered by combination of satellite navigation technology and head-up display system; increase in demand for connected vehicles and technologically advanced HUDs drive the demand for head-up displays.

Head-Up Display for Display units will grow at highest CAGR during the forecast period

Head-Up display for display unit is an important component of a HUD as it is used to process an image to display on the windshield of the vehicle. It includes combiner as well as windshield display panels. Some of the major technologies used to manufacture display panels for HUD are Digital Micro mirror Device (DMD), Liquid Crystal Display (LCD), and Liquid Crystal on Silicon (LCoS) technologies. The LCoS is further segmented into Nematics LCoS (NLCoS) and Ferroelectric LCoS (FLCoS). The use of different display technologies in HUD will depend on the application that is to be deployed in.

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Conventional HUDs will dominate the Head-Up Display Market during the forecast period

Conventional head-up display were initially developed for aviation and military applications; however, they are increasingly being used in automotive applications. Conventional HUDs are further segmented into combiner HUDs and windshield HUDs. Increasing adoption of the conventional head-up display technology by OEMs, reducing installation prices of head-up display systems, and increasing importance given to vehicle and passenger safety systems will be the factors responsible for the growth of this market. Conventional HUDs will dominate the HUD market as compared to the AR HUDs as the latter are yet in the nascent stage of their growth.

Automotive application of Head-Up Display Market will grow at faster rate during the forecast period

Conventional HUDs are used in cars as a secondary display unit to provide information on navigation routes, vehicle speed, fuel indication, lane-departure warning, and traffic information to the driver. HUDs with improved benefits such as monochrome, 4-color display, night vision, high-contrast, and color-rich virtual image are driving the demand from the automotive segment. Voice control and gesture recognition are the latest trends in head-up displays in automotive application. This will help drive the automotive application market of HUDs during the forecast period.

Europe is expected to be the largest Head-Up Display Market by 2023

Europe is considered as the prominent luxury/premium car manufacturer. The major high-end car OEMs, such as Audi AG (Germany), BMW AG (Germany), Mercedes-Benz (Germany), Bentley Motors Ltd (UK), Maserati (Italy), Skoda Auto (Malda), Ferrari s.p.a (Italy), and Bugatti Automobiles S.A.S (France), have their headquarters in Europe. As HUD is a major safety feature, most luxury/premium segment car manufacturers install HUD in their car models that are manufactured in Europe. Increasing demand for luxury or premium cars and SUVs equipped with head-up display systems is expected to drive the HUD market in Europe.

Some of the major players in the head-up display market are Nippon Seiki (Japan), Continental (Germany), Visteon (US), DENSO (Japan), BAE Systems (UK), Pioneer Corporation (Japan), MicroVision (US), Thales (France), Garmin (Switzerland), and Panasonic (Japan)

Track Geometry Measurement System Market witness Significant Growth near Future

 The track geometry measurement system market (TGMS) is expected to be valued at USD 2.8 billion in 2019 and is likely to reach USD 3.7 billion by 2024, at a CAGR of 6.00% during the forecast period. The use of track geometry measurement systems by the companies operating in the railway industry for complying with various standards and regulations is among the key factors driving the TGMS market. Moreover, the high popularity of no contact track geometry measurement system is another factor expected to considerably boost the growth of the TGMS market in the coming years.

By operation type, no contact segment to account for largest market share during forecast period

The track geometry measurement system market, by operation type, is segmented into no contact and contact based track geometry measurement systems. The no contact based TGMS market is expected to witness significant growth during the forecast period. The major benefit of this operation type is that it is suitable for high and low speed. Also, it ensures high accuracy with the help of advanced technologies such as imaging technologies and optical laser sensors. Therefore, this type of operation method is gaining popularity for track geometry measurement.

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By measurement type, vertical profile segment to grow at highest CAGR during forecast period

The track geometry measurement system market for vertical profile measurement type is expected to witness significant growth during the forecast period. Vertical profile is the track layout on the vertical plane. It is defined as the average height of left and right rails, which is calculated from the mid-point of these rails. The track class and permissible vehicle speed limit are determined by the railroad administration bodies by using these parameters as these are crucial for the operational efficiency of a rail.

APAC to account for largest market share during forecast period

APAC is expected to account for the largest share of the track geometry measurement system market during the forecast period. The market in this region is also expected to witness significant growth during 2019–2024. One of the major reasons for the leading position of APAC is the rapid expansion of high-speed rails and mass transit system in the APAC countries such as China and India.

Key Market Players

Key players in the track geometry measurement system market include ENSCO (US), Fugro (Netherlands), MER MEC (Italy), Balfour Beatty (UK), Plasser & Theurer (Austria), Siemens (Germany), R. Bance & Co. (UK), Bentley Systems (US), Goldschmidt Thermit Group (Germany), and Egis (France). ENSCO is a well-known player in the TGMS market.

Opportunities and Challenges Impacting the AI Infrastructure Market Growth

 Major factors driving the market for AI infrastructure include increasing adoption of cloud machine learning platform, escalating demand for AI hardware in high-performance computing data centers, rising focus on parallel computing in AI data centers, growing volume of data generated in industries such as automotive and healthcare, improving computing power and declining hardware cost, growing number of cross-industry partnerships and collaborations, and expanding AI applications in industries such as healthcare, automotive, finance, and tourism.

The global AI infrastructure market is projected to grow from USD 14.6 billion in 2019 to USD 50.6 billion by 2025, at a CAGR of 23.1%.

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Key Market Players

Key players operating in the AI infrastructure market are Intel Corporation (US), NVIDIA Corporation (US), IBM (US), Samsung Electronics (South Korea), Google (US), Microsoft (US), Micron Technology (US), Amazon Web Services (US), CISCO (US), Oracle (US), ARM (UK), Xilinx (US), Advanced Micro Devices (AMD) (US), Dell (US), HPE (US), Habana Labs (Israel), and Synopsys Inc. (US).

The market in North America and Europe is one of the key factors restraining the growth of the AI infrastructure market.

AI Infrastructure Market for Deep Learning Technology is Estimated to Grow at Higher CAGR During Forecast Period

AI infrastructure for deep learning technology enables a machine to build a hierarchical representation. For instance, the first layer of the captured image could scan for simple edges, followed by a layer that collects edge-forming shapes (such as rectangle or circle). The final layer could identify machine parts. After scanning several layers to identify the required data, the neural network can collate the features into an algorithm that can recognize the overall image. The growing adoption of robots, cybersecurity applications, IoT, industrial automation, and machine vision technology has created a large volume of data.

AI Infrastructure Market for Cloud Service Providers in APAC is Estimated to Grow at Highest CAGR During Forecast Period

Cloud service providers (CSPs) offer network services, infrastructure, or business applications in the cloud to various companies from industries such as automotive, healthcare, retail, and manufacturing.  The cloud mainly addresses 3 areas of operations: software-as-a-service (SaaS), infrastructure-as-a-service (IaaS), and platform-as-a-service (PaaS). The number of data center providers and cloud companies is likely to increase owing to the high efficiency and economies of scale offered by cloud computing.

China Is Expected to Grow at Highest CAGR in AI Infrastructure Market During Forecast Period

The AI infrastructure market in China is growing rapidly. As multinational and domestic enterprises increasingly transit to cloud services providers (CSPs) and collocation solutions, the AI data center growth in China continues to evolve. The demand for AI data centres in the country has exceeded the available supply as organizations seek enhanced connectivity and scalable solutions for their growing businesses. Investments by the Chinese government for stimulating technological developments have led to an increase in the adoption of cloud-based services such as Big Data Analytics and Internet of Things (IoT).

North America is Projected to Hold Largest Market Share during Forecast Period

At present, North America accounts for the largest share of the global AI infrastructure market, and a similar trend is likely to continue in the near future. The US and Canada are expected to adopt AI-based servers at a high rate. These countries are technologically developed economies in North America because of their strong focus on investing in R&D activities for the development of new technologies. The North American AI infrastructure is further segmented into the US, Canada, and Mexico. The US is one of the major contributors to the North American AI market. The US is one of the leading countries in the world to adopt AI technology.

Increased Demand for 5G Fixed Wireless Access Networks from Different Industries

 According to the new market research report "5G Fixed Wireless Access Market with COVID-19 Impact Analysis by Offering (Hardware, Services), Operating Frequency (Sub–6 GHz, 24 GHz–39 GHz, Above 39 GHz ), Demography (Urban, Semi-Urban, Rural), Application, and Region - Global Forecast to 2026", published by MarketsandMarkets™, the market size is projected to grow from USD 503 million in 2020 to USD 86,669 million by 2026 it is expected to grow at a CAGR 135.9% from 2020 to 2026.

The past decade has witnessed several improvements in network connectivity and related services. A number of SMEs that aim to have full control over their connectivity and provide multi-carrier support to their customers simultaneously require fast networks capable of carrying out high-speed data transmissions. 5G network technology is capable of offering sufficient bandwidth to support increasing data traffic. It offers 10 to 100 times more capacity and high-speed data services than that provided by 3G and 4G networks. Therefore, the increasing demand for high-speed broadband services is expected to drive the growth of the 5G fixed wireless access market in the near future.

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The evolution of 5G is projected to take fixed wireless access to a new level using a wide range of radio spectrum. This is expected to enable consumers to achieve major capacity gains and low-latency connectivity. Thus, 5G fixed wireless access is anticipated to enhance the performance capabilities of networks and offer high-speed network coverage than existing connectivity networks.

The increasing adoption of connected devices, such as smartphones, laptops, and smart devices, in several commercial and residential applications, such as distance learning, autonomous driving, multiuser gaming, videoconferencing, and live streaming, as well as in telemedicine and augmented reality, is expected to generate the demand for 5G fixed wireless access solutions to achieve extended coverage.

Services segment captures the largest market share

The services segment is projected to account major market share of the 5G fixed wireless access market in terms of value. Increased spectrum efficiency and low cost per bit are expected to strengthen the business cases of fixed wireless access and support its evolution toward 5G services. Along with network vendors bringing fixed wireless access technology, Ericsson (Sweden), Huawei Technologies Co., Ltd. (China), and Nokia (Finland) are offering fixed wireless as a last-mile broadband access solution.

5G fixed wireless access services are expected to witness an increased demand in coming years. Such services include 5G B2B private lines, which generate high average revenue per user (ARPU) and face little competition in the market at present. Despite their high service-level agreement (SLA) requirements, 5G fixed wireless access services are an attractive new market with good potential. They also eliminate the requirement of complex solution integrations and are already commercially available.

Browse in-depth TOC on "5G Fixed Wireless Access Market"

136 – Tables
48 – Figures
226 – Pages

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North America to hold the largest market share in 2020

North America is estimated to account for the largest market share, in terms of value, in 2020. North America is one of the leading markets for 5G in the world in terms of research and development, network design/deployment, and the presence of the key players. In North America, the US is considered to have the most engaged user base, which is expected to grow continuously with increase new subscribers. Full-fledged 5G implementation in North America is expected to fuel the market for on-demand video services.

The proliferation of 5G networks in the region is increasing owing to the presence of key players in North America. Mimosa Networks, Inc. (US), Inc. (US), Cellular South, Inc. (C Spire) (US), TELUS Corporation (Canada), AT&T Inc. (US), and Verizon Communications Inc. (US) are a few key companies in the 5G market that are actively participating in the development of 5G fixed wireless access solutions.

Best Study Tools in 2020 - Latest Quadrant Ranking Released by 360Quadrants

 Study tools offer resources for learners to train for exams and reviews. This covers everything that is useful for people to train for structured tests, from flashcards to terminology. There are portable tools found on blogs, smartphone apps, or software accessible for download. Tools for studying allow teachers to cater to various ways of learning, encouraging students to learn in a way that fits them best. To personalize courses for each student, certain research tools employ adaptive learning. Research instruments are not restricted to particular subjects and are frequently used outside a typical academic setting, although these are still used to complement their classes by educators in classrooms.

360Quadrants has already reviewed and listed many providers that offer the best study tools that can help enterprises make organizational and strategic choices. These quadrants are generated after an in-depth assessment by the service provider, which also involves the full spectrum of capability and encompasses business strategy as well. These categories are revised every three months to keep up with the study toolsspace and introduce a high degree of review by professionalsregarding the strategies and performance of the suppliers.

360Quadrants conducts a detailed SWOT analysis, and the firms chosen for positioning are specifically assessed. This research allows businesses to gain insight into future market trends and progress in order to acquire the correct vendors for company expansion and product creation. 360Quadrants gives a complete list of major international corporations supporting the method of supplier selection.

Quadrant Categorization for Study Tools

360Quadrants analyzes 19 vendors in the study toolsspace and categorizes10 vendors as Visionary Leaders, Innovators, Dynamic Differentiators, and Emerging Companies. These companies are then placed in the quadrant.

Quizlet, Kahoot, Alta, and Magoosh areidentified as Visionary Leaders and placed on the quadrant in the study toolsspace.

McGraw-Hill Connect and Course Herohave been described as Innovators in the study toolsspace.

Cram and Ankiare identified as Emerging Companies in Study Tools.

Shmoop and EdPuzzle have been categorized as Dynamic Differentiators in study tools.

360Quadrants Assessment Method

As a consequence of exhaustive studies carried out on key supplier services to be positioned in 360Quadrants, the top vendors in Study Tools are identified. Nearly 75 key criteria are being specified for the evaluation of the chosen suppliers. The vendor reviews analyze two primary areas: product portfolio efficiency and marketing strategy excellence. The evaluation variables considered to be a part of the reliability of the product portfolio include the scope and depth of the product range, the specifications and functionality of the system, the uniqueness of the product, and the impact on the credibility of the company. Geographic presence, variety of applications delivered, delivery network combination, feasibility, and prospective development plan efficacy are the key determinants found by market strategy excellence.

Scoringtakes place with an aim to derive a cumulative ranking from the parameters defined by analysts and industry professionals. These obtained results will decide the positioning of the software provider, and they will be placed in the quadrant as per their rating. If the suppliers of the software have some internal or technical changes, the quadrant will be updated according to the changes.

About 360Quadrants

360Quadrants is the largest marketplace looking to disrupt USD 3.7 trillion of technology spends and is the only rating platform for vendors in the technology space. The platform provides users access to unbiased information that helps them make qualified business decisions. The platform facilitates deeper insight using direct engagement with 650+ industry experts and analysts and allows buyers to discuss their requirements with 7,500 vendors. Companies get to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in a niche space, to be consumed by giants and startups alike. Experts get to grow their brand and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide.

360Quadrants will also be launching quadrants in fields such as Spreadsheets Software, Reporting Software, and Load Balancing Software.

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360Quadrants Releases Best Print Management Software In 2020

Print management software is a software solution intended for the efficient management and improvement of print devices and associated processes. It helps manage the amount and nature of print resources. The software provides user authentication to gain access to printers and other print services. It also manages the print queues and offers secure ways of printing.

360Quadrants has released some of the best print management software providers, after a thorough analysis of the vendors, to enable businesses to select the appropriate Print Management Software according to their requirements. All these software providers were mapped on a quadrant prior to in-depth analysis and assessment on two comprehensive categories, product maturity and company maturity.

360Quadrants also provides a detailed SWOT analysis that allows service providers to gain the expertise about the new growth prospects and areas of development.

Print Management Software Vendor Evaluation

360Quadrants has assessed a total of 20 companies offering print management software, out of which the top 10companies were shortlisted and mapped on a quadrant and categorized as Visionary Leaders, Innovators, Dynamic Differentiators, and Emerging Leaders.

PaperCut and uniFLow have been identified as Visionary Leaders in the print management software space. Visionary leaders usually have a robust geographic footprint and an established product portfolio.

Equitrac, PrinterLogic, Xerox FreeFlow Print Server, and Breezy have been categorized as Innovators in the print management software space. Innovators are known to offer an innovative product portfolio and a decent business strategy.

PrintWithMe and Print Manager Plus have been identified as Emerging Leaders in the print management software space. Emerging leaders are usually evolving players who offer a niche and competitive product portfolio.

Uniprint and ScrewDrivers have been identified as Dynamic Differentiators in the print management software space. Dynamic Differentiators have a decent product range and strong business strategy, which help them in expanding constantly.

360QuadrantsAssessment

A team of experts comprising research analysts evaluated the best print management software providers on various evaluation parameters like product maturity, company maturity, and key understandings from industry experts and clients. Key criteria studied under product maturity include product portfolio offered, core features & functionality, deployment model, and support services. Key criteria studied under company maturity include geographic presence, viability, partner eco-system, and organic & inorganic growth strategies like mergers & acquisitions. Each criterion is allotted a specific weightage according to its significance and industry demand. Lastly, the vendors are rated based on the parameters provided, and then an algorithm is processed, which then systematically plots a quadrant.

About 360Quadrants

360Quadrants is the largest marketplace looking to disrupt USD3.7 trillion of technology spends and is the only rating platform for vendors in the technology space. The platform provides users access to unbiased information that helps them make qualified business decisions. The platform facilitates deeper insight using direct engagement with 650+ industry experts and analysts and allows buyers to discuss their requirements with 7500 vendors. Companies get to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in a niche space, to be consumed by giants and startups alike. Experts get to grow their brand and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide.

360Quadrants will also be launching quadrants in fields like Language Learning Software,Print Management Software, and CRM Software.

Contact:
Mr. Agney Sugla
agney@marketsandmarkets.com
630 Dundee Road, Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441