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Telemedicine Technologies and Services Market: End Users, Region, Growth Rate and Sales

Telemedicine technology offers convenience to the geriatric population to stay connected to their care providers, which reduces cost of travelling and long waiting time. Players are launching innovative and technologically advanced solutions to cater to the rise in demand for telemedicine solutions. The telemedicine technologies & services market has been segmented on the basis of component which includes hardware, software, and services. The global telemedicine technologies & services market was valued approximately US$ 21,000 Mn in 2016. It is anticipated to expand at a CAGR of more than 15% from 2017 to 2025 to reach approximately US$ 76,500 Mn by 2025. The services segment is likely to fuel the global telemedicine technologies & services market during the forecast period.

Rapid expansion of the global telemedicine technologies & services market is attributed to increase in incidence of chronic conditions and adoption of telemedicine solutions. Increase in incidences of Rise in demand for self-care devices/solutions such as mHealth and remote monitoring is expected to propel the market during the forecast period. According to the American Heart Association, cardiovascular diseases account for 17.3 million deaths globally each year, which is more than deaths caused due to cancer.

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Constant upgrade and innovation in products of telemedicine technologies is key strategy adopted by major players in the global telemedicine technologies and services market. New product launches in various segments have increased demand for telemedicine technologies and services in the market. Products such as Eve for Rad-97 Pulse COOximete (Masimo), MERIDIAN M110 (MindChild Medical), MRI Pacemaker (Abbott), and TactioRPM (Tactio Health Group) are emerging as benchmark in the telemedicine technologies and services market. Advancements in products, to add value and improve product offerings, has increased demand for telemedicine technologies and services in various diseases area.

The telemedicine technologies & services market is in the development stage. Key market players such as, Koninklijke Philips N.V., Medtronic, and GE Healthcare have strong presence in the global telemedicine technologies and services market. Established players focus on increasing research & development activities to develop new, innovative, and technologically advanced products and attract more customers.

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Additionally, rise in telemedicine products create ample business opportunities for the development of cutting edge technologies that promote credibility and encourage product uptake. Therefore, rigorous investment in research & development activities for new product development and improvements in existing product portfolio are likely to help key players retain and increase their share in the global telemedicine technologies and services market.

The telemedicine technologies & services market has been segmented based on component, specialty, services, and geography. In terms of component, the services segment is projected to dominate the market and is expected to continue to this trend during the forecast period, followed by hardware. Increase in applications of telemedicine technologies and services in various specialty fields, which include dermatology, gynecology, neurology, and cardiology is projected to drive the market. The neurology segment has been on the most encouraging segment for the use of microscopes as it has numerous specialty areas. Based on services, tele-consultation was a leading revenue generating segment in 2016 and is likely to continue dominating the market during the forecast period. The tele-care segment is likely to lose market share during the forecast period. The dermatology segment is expected to continue to dominate the market in 2025.

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Based on country, the U.S. accounted for the largest share of the global telemedicine technologies & services market in 2016. Increase in prevalence of chronic diseases, rise in government initiatives, growth in the number of installations of telemedicine solutions in various clinics and hospitals, and presence of a large number of suppliers and service providers are expected to drive the market in the U.S. The market in China is projected to gain market share in terms of revenue during the forecast period.

Surge in venture capital funding for telemedicine solutions, increase in government initiatives for the adoption of telemedicine, growth of geriatric population, and rise in prevalence of chronic diseases such as diabetes and heart diseases are some anticipated to drive the telemedicine technologies & services market in China. Government initiatives and grants to increase adoption of telemedicine solution is expected to boost the market in the UK. In June 2016, the National Health Service of the U.K. announced that it was offering remote monitoring medical devices and apps to help millions of people manage chronic conditions.

Key companies operating in the global telemedicine technologies & services market and profiled in the report include Medtronic, Koninklijke Philips N.V., Honeywell International, Inc., MindChild Medical, and Abbott. These players are adopting advanced techniques in the development of telemedicine products to expand their product offerings, expand geographical reach, increase customer base, and garner market share. For instance, in January 2017, MindChild Medical received the U.S. FDA approval for MERIDIAN M110, a noninvasive fetal heart monitor. In February 2017, Abbott MRI Pacemaker received the U.S. FDA approval for its novel advanced product MRI Pacemaker for both the Assurity MRI pacemaker and Tendril MRI pacing lead.

Population Health Management Market: Growth Analysis By Manufacturers, Regions, Type And Application, Forecast Analysis

The global population health management market is driven by increase in usage of health care IT solutions and technologies. The global population health management market was valued at US$ 18,500.0 Mn in 2016 and is projected to expand at a CAGR of 16.1% from 2017 to 2025 to reach US$ 69,000.0 Mn by 2025. Growth of the market is attributed to adoption of health care IT solutions and increase of chronic diseases across the globe. Population health management (PHM) is a methodical and transparent delivery of services to improve the health status of a given population at a prospective price and to deliver better outcomes at lower cost.

PHM programs are designed to keep defined patient populations, especially those with high-risk diseases, as healthy as possible while decreasing the need for costly interventions such as emergency department visits, hospitalizations, and invasive tests and procedures. PHM tools provide real time insights to administrators and clinicians, enabling them to identify the care management gap within risk patient population. The tools include improvement of medications, patient self-management, and cost management.

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The global population health management market is witnessing significant growth and is expected to expand at a high CAGR during the forecast period from 2017 to 2025. Adoption of health care IT solution for population health, increase in prevalence of chronic diseases such as diabetes and cardiovascular diseases, benefits of PHM tools such as remote health management, data integration, and data storage are expected to fuel the growth of the global population health management market during the forecast period.

Furthermore, implementation of the Patient Protection and Affordable Act in the U.S. and rise in trend of big data are the factors likely to propel the global population health management market during the forecast period. Lack of awareness about population health management platforms in developing regions, high cost of installation, and unavailability of PHM platforms in many countries are the factors hampering the growth of the global population health management market. Furthermore, lack of knowledge about the tools restrains the market in many regions.

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The global population health management market has been segmented based on component, mode of operation, end-user, and region. Based on component, the market has been classified into software, services, and hardware. The services segment held major market share in terms of revenue in 2016. Services offered such as assistance in data analysis and post-sale client services are expected to drive the segment during the forecast period. Based on mode of operation, the global population health management market has been categorized into web-based, cloud-based, and on-premise.

The web-based segment held the largest share of the market in terms of revenue in 2016, followed by the cloud-based segment. Increasing trend of cloud computing is one of the factors attributed to the fast growth of the cloud-based segment during the forecast period. Based on end-user, the global population health management market has been divided into health care providers, insurance providers, pharmaceutical companies, and others. The health care providers segment held the largest share of the global market owing to benefits of PHM tools such as reduction of care management gaps and reduction of per capita cost.

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North America is a major market for population health management, followed by Europe. Adoption rate of PHM platforms in the U.S., the U.K., and Germany is high as compared to the rest of the world due to high awareness among the people about the benefits of PHM, targeted efforts of government and non-governmental organizations toward chronic disease management, developed health care infrastructure, and high prevalence of the disease. The population health management market in Asia Pacific is growing at a rapid pace. Developed countries such as Australia and Japan are the major markets for population health management. Increase in disposable income, rise in awareness about PHM, and surge in government initiatives for disease management with the help of data analytics drive the market in Asia Pacific. The market in Latin America and Middle East & Africa is at a nascent stage and is expected to witness strong growth during the forecast period.

Key players in the global population health management market include Koninklijke Philips N.V., Lumeris, Health Catalyst, McKesson Corporation, Cerner Corporation, ZeOmega, Healthagen LLC, UnitedHealth Group, International Business Machines Corporation, and Persivia.

Teleradiology Services Market: Dynamics, Segments and Supply Demand with Forecast

Rapid developments in digital image processing technologies ensure effective image distribution across the regional, local, and global level. The vastly improved capacity of the Internet and the speed of transmission have permitted a much wider use of teleradiology, with centers across the world providing day-time reporting for out of hours imaging services in other countries with different time zones. The changing face of interventional radiology across the globe and rise in prevalence of chronic diseases such as cancer and coronary heart diseases boost the number of radiological procedures.

The need of time-saving interpretation of radiographs with quality is high in developed economies where incidence rate of chronic diseases is rising at a rapid pace. In order to keep pace with the rising demand for radiological procedures and comprehensive interpretation, teleradiology is being preferred by health care providers across the globe. The global teleradiology services market was valued at US$ 4.6 Bn in 2017 and is anticipated to reach US$ 21.8 Bn by 2026.

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Rise in incidence of chronic conditions and adoption of teleradiology propel the global teleradiology services market. Chronic diseases are one of the major health care concerns across the world. Hence, increasing incidence of chronic conditions such as cancer, cardiovascular diseases and others chronic diseases likely to drive the market in coming years. However, stringent government regulations and lack of skilled professionals in developing countries are the major factors restraining the market.

The global teleradiology services market has been segmented based on services type, coverage, specialty, modality, end-user, and region. In terms of services type, the general reporting segment is anticipated to account for around 55% share of the market. Rise in demand for precise and accurate diagnosis of radiology procedures such as CT and MRI is projected to boost the growth of the segment from 2018 to 2026. Based on coverage, the market has been classified into day time and after hours/night time. The afterhours/night time segment is anticipated to expand at a relatively higher CAGR in terms of revenue during the forecast period.

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Based on specialty, neurology was the leading segment in 2017 and is likely to account for major market share during the forecast period due its complexity and difficulty in reading, as it requires highly specialized radiologists to read neurology scans. In terms of modality, the computed tomography (CT) segment held 30.0% share of the global teleradiology services market in terms of revenue in 2017. The segment is driven by increase in research and development in mobile medical imaging systems and ability of these systems to enable patients to take diagnostic images from smartphone and share it with physicians. Diagnostic imaging centers is the major end-user of teleradiology services, accounting for 35% of market share in terms of revenue, as diagnostic imaging centers offer a one stop shop for all imaging requirements, making it a preferred choice for patients.

The global teleradiology services market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of revenue, North America dominated the global teleradiology services market in 2017, accounting for 50.0% share. High share of the region is owing to large number of leading players located in the region, highly developed health care infrastructure, increased awareness among patients, and continuous evolution of information technology. The teleradiology services market in North America is likely to expand at a moderate CAGR during the forecast period. The market in Asia Pacific is projected to expand at a higher growth rate in terms of revenue from 2018 to 2026, due to rise in awareness about teleradiology services among small scale health care facilities and increase in adoption of technologically advanced digital platforms.

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Key companies operating in the global teleradiology services market and profiled in the report include Envision Healthcare Corporation, MEDNAX Services, Inc., 4ways Healthcare Limited, Euro American Tele Radiology, Argus Radiology, Teleradiology Solutions, American Imaging Consultants, USARAD Holdings, Inc., ONRAD, Inc., Teleconsult Europe, Africa Telerad Limited, and Unilabs.

Machine Vision Technology Market: Production, Revenue, Price, Growth Rate, Type and Applicability Industry

The global market for machine vision technology is gaining significantly from the expansion in the manufacturing industry. The increasing need for lead frames, microchips, examine resistors, capacitors, and various other automobile components has escalated the demand for machine vision technology, reflecting positively on this market. In 2014, the market stood at US$15.7 bn. Progressing at a CAGR of 8.40% during the period from 2015 to 2021, the opportunity in this market is expected to rise to US$28.5 bn by the end of the forecast period. The increasing shift towards automation is projected to fuel the demand of this technology in the years to come.

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Demand for PC-based Machine Vision Systems to Remain Strong

Embedded machine vision systems, PC-based machine vision systems, and smart camera-based machine vision systems are the main products available in the global market for machine vision technology. Of these, the demand for PC-based machine vision systems is much higher than others. In 2015, this segment occupied a total share of 60% in the overall market. With the significant increase in the need for highly advanced inspection methods in a number of industries, the demand for PC-based machine vision systems is anticipated to remain strong in the years to come. Other products are also expected to witness increasing demand over the next few years.

Machine vision technology finds significant application in industrial and non-industrial application. The overall market is led by industrial applications, which is further classified into packaging, automobiles, textiles, semiconductors, and electronics. In 2014, the semiconductors sub-segment emerged as the key industrial application of machine vision technology with a share of 22.1%. Lab automation, medical imaging, banking, traffic controlling, and security and surveillance are the main non-industrial applications, which utilize machine vision technology.

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Asia Pacific to Retain Leadership in Global Machine Vision Technology Market

Based on the geography, the global market for machine vision technology has been classified into Asia Pacific (APAC), Europe, North America, and the Rest of the World (RoW). Among these, APAC acquired the leading position in the global market, thanks to the remarkable rise in the manufacturing sector. Proliferating at a CAGR of 7.30% between 2015 and 2021, this regional market is anticipated to continue on the dominant position over the next few years. However, the lack of system operators may limit the growth of this regional market to some extent.

The machine vision technology finds a widespread application in the industrial sector in Asia Pacific. PC-based machine vision technology enjoys the most prominent demand in this regional market. Among other regional markets, Europe has occupied the second position in the worldwide market for machine vision technology and is projected to maintain its place over the forthcoming years.

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Cognex Corp., Basler AG, Allied Vision Technologies Inc., Adept Technology Inc., Keyence Corp., ISRA Vision AG, Microscan Systems Inc., Electro Scientific Industries Inc., OMRON Corp., and Seeing Machines Ltd. are some of the prominent participants in the global machine vision technology market.

Health Care Information Systems Market: Development Trends, Key Manufacturers and Competitive Analysis

The healthcare information systems market has progressed from being in a nascent phase in the 80s to a thriving market in recent years due to quicker adoption rates of healthcare information systems and demand for them from large as well as smaller health care organizations. Digitization of health care records has created a far more informed, innovative, and personalized care paradigm. Digitized records enable physicians to recognize warning signs for individuals who are on the edge of major health issues, thus preventing expensive treatments and hospitalizations. Health care information technology has been shown to improve the quality to care management by enhancing disease surveillance, increasing adherence to guidelines, and decreasing medication error.

The global health care information systems market has expanded rapidly over the years, and there has been a noticeable rise in adoption of health care information systems in recent times. Continued increase in the cost of health care over the last few years has forced health care institutions to adopt health care IT systems in order to cut costs. About 30% of the health care costs arise due to clinical insufficiencies. The global health care information systems market was valued at US$ 227,021.4 Mn in 2017 and is anticipated to reach US$ 521,682.6 Mn in 2026.

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Advancements in health care information systems have led to significant expansion of the market in recent years. Use of health care information systems in medication management, electronic prescription, intelligent wearable technologies to curb lifestyle diseases, and smart robots to automate repetitive tasks is expected to significantly reduce health care costs and boost the market. In addition, rise in government initiatives and increase in health care expenditure across the world are anticipated to further propel the market during the forecast period.

Governments across the world are increasing their spending to provide better health care services. For instance, an analysis based on preliminary government data by the Centers for Medicare & Medicaid Services revealed that health care spending in the U.S. increased by 5% in 2014 as compared to 3.6% in 2013.

The global health care information systems market has been segmented based on application, component, deployment, end-user, and region. In terms of application, the health care information systems market has been classified into hospital information systems, pharmacy information systems, laboratory information systems, medical imaging information systems, and revenue cycle management.

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The hospital information systems segment has been further divided into electronic health records, electronic medical records, real-time health care, patient engagement solutions, population health management, and others. The pharmacy information systems segment has been further categorized into prescription management, automated dispensing systems, inventory management, and others. The medical imaging information systems segment has been further divided into radiology information systems (RIS), monitoring analysis software, picture archiving & communication systems (PACS), and others. Based on application, the hospital information systems segment is projected to dominate the market during the forecast period.

Factors such as high adoption rate and improved efficiency are contributing to the leading position of the hospital information system segment. Based on deployment, the health care information systems market has been segmented into web based, on premise and cloud based. In terms of deployment, the web based system segment is expected to account for a prominent market share in terms of revenue due to increase in demand for easy access to data at any point of time from any device. Based on component, the health care information systems market has been segmented into software, hardware and services. Based on end user the market is segmented into hospitals, diagnostics centre, academic and research institution and others.

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Based on region, the global health care information systems market has been categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held a prominent market share of the global health care information systems market in terms of revenue in 2017 due to increasing government initiatives to promote usage of health care information systems and presence of a large number of prominent players in this region. For instance, The Health Information Technology for Economic and Clinical Health (HITECH) Act, enacted as part of the American Recovery and Reinvestment Act of 2009, was introduced to promote the adoption and rational use of health information technology.

Moreover, many leading vendors are headquartered in North America, where they have a higher share of product sales. Emerging markets in Asia Pacific hold immense growth potential due to factors such as rising prevalence of chronic diseases, increasing government initiatives, and increase in health care infrastructure.

Market players operating in the health care information systems market include McKesson Corporation, GE Healthcare, Siemens Healthineers, Epic Systems Corporation, Allscripts Health Care Solutions, Inc., athenahealth, Inc., Agfa-Gevaert N.V., Cerner Corporation, NextGen Health Care Information Systems, LLC, and Medidata Solutions, Inc.

In-Car Entertainment and Information System Market: Industry Trends, Growth, Analysis, Opportunities and Overview

Asia Pacific, Latin America, and the Middle East and Africa (MEA) have been demonstrating lucrative opportunities for manufacturers of in-car entertainment and information systems. Besides having robust automotive industries, the purchasing power of consumers in these regions is also rising. This has resulted in a paradigm shift in their demand from basic driving experience to advanced infotainment solutions, subsequently creating sales opportunities for the in-car entertainment and information system market.

As per Transparency Market Research, the global in-car entertainment and information system market stood at US$11.42 bn in 2014. Exhibiting a CAGR of 14.2%, the market is likely to reach US$28.64 bn by the end of 2021.

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Entertainment Segment Reports Significant Demand

Navigation, entertainment, and telematics constitute the key application segments of the in-car entertainment and information system market. Of these, the entertainment segment led the market in 2014 with a share of 39.3%. The rising demand for in-car entertainment solutions is creating lucrative prospects for the sales of various hardware and software devices and accessories such as freeview/TV, audio-video devices, DSP systems, USB, and WiFi devices. Recently, these devices have emerged as popular entertainment components to be installed in the latest automotive models.

Besides this, the market is also expected to witness increasing demand for state-of-the-art navigation systems for a safer and more comfortable driving experience. The rising concerns related to road safety is expected to accelerate demand in the telematics segment. Telematics in vehicles include road safety and vehicular technologies, telecommunication systems, and wireless communication systems such as sensors, internet, multimedia, and instrumentation.

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Over the course of the forecast period, the navigation and telematics segments are expected to report considerable growth, thus aiding the market’s expansion.

Europe to Remain Leading Regional Market for In-car Entertainment and Information Systems

Regionally, Europe led the global in-car entertainment and information system market in 2014 with a share of 30.3%, followed by North America. Significant economic growth across several countries in Europe, coupled with increasing vehicle production, has been considerably fuelling the demand for in-car entertainment and information systems in the region. Germany and the U.K. are the leading markets for in-car entertainment and information systems in Europe. The rising demand for high-performing cars in these countries provides lucrative opportunities for the manufacturers of in-car entertainment and information systems in Europe. Spurred by these factors, the in-car entertainment and information system market in Europe is expected to reach US$8.5 bn by the end of 2021, retaining its lead through the forecast period.

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During the course of the forecast period, TMR expects the demand for in-car entertainment and information systems to rise at a higher pace in Asia Pacific, Latin America, and the Middle East and Africa. The rising disposable income of consumers in these regions and their willingness to spend on high-performing vehicles, will create lucrative prospects for the market. India, Japan, and China are some of the highly attracting countries in the region. Besides this, economic reforms and the growth of the automotive sector in the UAE and Saudi Arabia have provided attractive opportunities for sellers in MEA.

Some of the key players operating in the global in-car entertainment and information system market are Denso Corporation, Harman International, Delphi Automotive PLC, JVC Kenwood Corporation, TomTom International B.V., Pioneer Corporation, Alpine Electronics Inc., and Blaupunkt GmbH.

Mobile Applications Market: Trends, Business Strategies and Opportunities with Key Players Analysis

Software applications designed to run on mobile computing devices such as smartphones, tablet PCs and other devices facilitating various functionality are termed mobile applications or mobile apps. These apps can be easily downloaded to mobile devices via the Internet. Typically, mobile apps are downloaded from application distribution platforms such as Google Play Store (Android), Apple App Store, and Windows Phone Store. Mobile applications benefit users by connecting them to various Internet-based services that are commonly accessed from desktop or laptop computers. Moreover, mobile apps can be used as website bookmarking utilities, which helps in accessing mobile-based instant messaging services such as Gmail and other websites. The mobile apps market is majorly dominated by consumer apps such as gaming, messaging, social networks, and services.

The mobile application market is majorly driven by the growing penetration of smartphones and tablets globally. The market is expected to witness strong growth over the forecast period due to rising demand for high-performance smartphones and growing penetration of mobile Internet across the globe. With the growing usage of Internet-based services globally, the demand for online mobile apps is expected to rise significantly. However, the mobile applications market might be affected due to the significant advantages of mobile websites over the mobile apps.

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The games and entertainment category of the mobile applications dominated the global mobile applications market with the highest revenue share in 2013. This was majorly due to the highest numbers of downloads by users and demand for mobile entertainment apps such as online music being in this category. The penetration of smartphones is majorly seen in the age group of 15 to 40 years. This boosts the demand for mobile apps in the games and entertainment category.

Additionally, there are large numbers of mobile gaming apps and mobile entertainment apps available, which encourages their adoption around the globe. Thus, the games and entertainment category is expected to remain dominant in the global mobile applications market in the coming years.

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In 2013, North America accounted for the largest share of around 34% of the global mobile applications market. This was due to the high penetration of smartphones and other handheld devices in the region. Asia Pacific is expected to remain the fastest-growing regional market for mobile applications. Countries such as China, India, South Korea, and Australia account for large populations, boosting the penetration of smartphones and other mobile devices in the region. Consequently, Asia Pacific is expected to remain dominant in the global mobile applications in terms of revenue over the forecast period.

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Some of the leading players in this market are Apple, Inc., Blackberry Ltd., QBurst, Sourcebits, Inc., Softeq Development Corporation, WillowTree Apps, Inc., Microsoft Corporation, Handmark Inc., OpenXcell Tehnolabs Pvt. Ltd., Y Media Labs, Inc. and Google, Inc.

South East Asia Rpo Market: Analysis, Trends, Opportunity, Market Size and Segment Forecasts

Recruitment process outsourcing (RPO) refers to outsourcing of different recruitment processes to an external service provider. It is a type of business process outsourcing (BPO) where the employer eliminates all or a part of recruitment processes to the RPO provider. RPO providing companies work as an extension to the human resource department of the client organization and manage the recruitment process depending upon the requirements of the client. Different processes outsourced by the client organization include searching for candidates, scheduling their interviews, jobs posting and other important functions in recruitment.
 
The market for recruitment process outsourcing (RPO) in Southeast Asia is majorly driven by high advantages offered by these solutions over conventional in-house recruitment processes. The most significant advantage of outsourcing the recruitment processes is the reduction in operational costs. Additionally, RPO providers have a dedicated team of recruiters that ensures proficient management of recruitment processes of the client organization. Apart from this, RPO providers assume the responsibility of hired candidates and other recruitment processes for the client organizations. Thus, by outsourcing recruitment processes to the RPO provider, client organizations can focus on their core competencies more efficiently.

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The market for recruitment process outsourcing in Southeast Asia is also driven by the rapidly growing economic development in the region. Countries such as Philippines, Vietnam and Indonesia have emerged as among the most lucrative destinations for different industries such as manufacturing; healthcare and pharmaceuticals; information technology (IT); IT enabled services (ITeS) and others.

 
Due attractive government policies such as lower taxes, higher limit for foreign investment and low minimum labor wages, the industrialization in Southeast Asia is predicted to rise substantially in the coming years. Thus, with the rising demand for recruitment of skilled employees in these countries, the RPO market in the region is anticipated to witness high growth during the forecast period. However, lack of confidence in the client organizations regarding the knowledge level of RPO providers may significantly hamper the growth of this market.

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The recruitment process outsourcing (RPO) market in Southeast Asia is segmented on the basis of engagement type, end-use industries and geographic regions. Based on the engagement type, the RPO market is further segmented into on-demand RPO and end-to-end RPO. Amongst these engagement types, the on-demand RPO segment led the Southeast Asia market with highest revenue share in 2013. This was mainly due to superior advantages of on-demand RPO engagement type as compared to the end-to-end RPO type. For instance, the on-demand RPO includes outsourcing some parts of the entire recruitment processes. This makes on-demand RPO services cheaper as compared to end-to-end RPO and allows client organizations to establish better control over their recruitment processes.

 
Furthermore, on the basis of end-use industries, the market for recruitment process outsourcing (RPO) in Southeast Asia is segmented into banks, financial services and insurance (BFSI); IT, IT enabled services (ITeS) and telecommunication; manufacturing; healthcare and pharmaceuticals; hospitality and others. The others segment includes aerospace, marine and construction industry. In 2013, IT, ITeS and telecommunication segment accounted for the largest market in Southeast Asia. This was majorly due to the high demand for recruitment in IT industry. Another significant factor fueling the demand for RPO solutions in this segment is the rapidly growing IT outsourcing industry in the region.
In 2013, the Rest of Southeast Asia (RoSEA) accounted for the largest market share of around 78% of the Southeast Asia recruitment process outsourcing (RPO) market. This growth was attributed to fairly high adoption of these services in Malaysia and Singapore. Additionally, the demand for RPO solutions in RoSEA is driven by the rising IT outsourcing industry in Philippines and Myanmar. The market for recruitment process outsourcing in Southeast Asia is expected to witness highest growth in Indonesia. The demand for RPO solutions in Indonesia is majorly governed by the rapidly rising manufacturing and IT outsourcing industries in the nation.
 
The major companies in the Southeast Asia recruitment process outsourcing (RPO) market include Kenexa Corporation (an IBM Corporation Company), Randstad Holding Company, Accolo, Inc., Atterro Human Capital Group, Kelly Outsourcing and Consulting Group, Cielo, Inc. (Pinstripe, Inc.), ManpowerGroup Solutions, Pure Recruitment, Argus Recruitment Solutions, Pontoon Solutions, Zyoin Web Pvt. Ltd., Futurestep (a Korn Ferry Company), TalentFusion, Inc., Alexander Mann Solutions and Hudson Global, Inc. The RPO market in Southeast Asia is highly consolidated with major players in the market accounting for over 80% of the total market revenue. Major players such as ManpowerGroup Solutions, Hudson Global, Inc., Kelly Outsourcing and Consulting Group and others focus on targeting international organizations penetrating in the region.

Transportation Management Systems Market: Latest Trends, Demand and Analysis

A transportation management system (TMS) is a software solution and a key component of supply chain management which is used to plan and manage the movement of freight. A transportation management system includes planning and managing all transportation and logistics activities. A transportation management system allows end-use customers to plan and execute transportation of goods in a cost-effective and reliable manner across the supply chain. The services offered by transportation management systems include freight consolidation, scheduling and routing, freight audit/payment, and load forwarding support among others.
 
Increasing preference for Software as a Service (SaaS) based TMS solutions is the major factor driving the TMS market sales growth. The increasing demand for SaaS based TMS solutions can be attributed to the growth in intermodal transport across geographies. Furthermore, the need for replacing and updating existing traditional TMS solutions is expected to support the demand for advanced transportation management solutions. However, lack of awareness among end-users coupled with high deployment cost is the major inhibitor to the growth of the market.

 

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Integration of cloud computing and Radio Frequency Identification (RFID) technologies with supply chain management systems offer healthy opportunities for the growth of Transportation Management Systems Market over the forecast period. Integration of cloud computing technologies has ensured limited capital expense, low total cost of ownership, and greater real-time visibility across the supply chain operations.

 
TMS market was dominated by on-premise solutions accounting for majority of the market share in 2013. Over the forecast period between 2014 and 2022, on-premise solutions are expected to exhibit moderate growth rate and are expected to be outpaced by on-demand solutions. Growing preference for SaaS-based solutions owing to the benefits such as greater visibility and high level of collaboration among supply chain participants is expected to drive the demand for on-demand software solutions. In terms of end-use applications, the TMS market was dominated by transportation and logistics vertical, accounting for over half of the market revenue in 2013. Evolving TMS capabilities and increasing demand for supply chain optimization is expected to drive the adoption of TMS solutions in transportation and logistics verticals.

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In 2013, North America was the largest regional market for transportation management systems, accounting for majority of the market revenue. The dominance can be attributed to the growing demand for SaaS-based TMS solutions in the region. Along with the proliferation of cloud-computing technologies, increasing use of RFID technology in the supply chain system has also fueled the market momentum in the region. Major industry participants include Descartes System Group, JDA Software Group, Manhattan Associates, Oracle Corporation, SAP SE, 3GTMS Inc, CargoSmart Ltd., LeanLogistics Inc., Precision Software Inc., and One Network Enterprises among others. These transportation management system vendors are focusing on expanding the capabilities of TMS solutions beyond traditional features to enable end-users to coordinate all their processes in the supply chain.

Industrial Dispensing System Equipment Market: Dynamics, Forecast, Analysis and Supply Demand

Dispensing system are devices which dispense chemicals, inks, or other solvents. The solvents dispensed can be in a quantity desired by the consumer or in a pre-defined quantity. Dispensing system play an important role in the day-to-day life of consumers. These system are used in a number of applications such as in large-scale industries for dispensing oil adhesive, powder material and other solvents, pharmaceuticals for syringes and disinfecting solutions, household chemicals such as detergent liquids and other cleaning solutions, and personal care products such as shampoos and moisturizers, foods such as syrups and sauces, and beverages such as water and aerated drinks.

There is an increasing demand for dispensing system and equipments in developing countries such as India and China among others. Increasing disposable incomes and changing lifestyles are the main reasons for the increasing demand for dispensing system in these regions. Innovation of dispensing system in terms of esthetic designs as well as technology is another reason augmenting the growth of the dispensing system market. In addition to this, dispensing system is more convenient to use compared to traditional system, thus driving the global market for dispensing system and equipments. The ever-changing consumer needs is one of the key factors influencing this market.

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The increasing production output of automotive, chemical, food and beverages, agriculture, and aerospace industry worldwide is directly influencing the rise in demand for industrial dispensing system. Asia Pacific and Latin America are the rapidly growing markets of industrial dispensing system. A large amount of investment is made by key players such as, Nordson, Corporation, Graco Inc., Fisnar Inc. and Franklin Fueling Systems to serve end user applications in the near future. The need for control, accuracy, and customization in food, electronic, and chemical industries is the major factor driving the demand of this system.

The flexibility of using a dispensing system has increased due to development and availability of various efficient dispensing mechanisms and accessories. The market expands and penetrates with the changing lifestyle and need of operations in manufacturing industries, and develops end use industry product lines. Considering these factors the market of industrial dispensing systems and equipment market is expected to grow during the forecast period.

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Geographically, North America led the industrial dispensing system and equipment market in 2014 and the region is expected to continue its dominance in 2021. The region’s dominance is due to increasing production of medicine and manufacturing of automotive equipment and machine parts.  in countries such as the U.S. and Canada. Moreover, rapid level of industrialization in growing countries such as India, China, Brazil, and Ghana is also contributing the growth of industrial dispensing system and equipment market.. Europe and Asia Pacific followed North America in the global industrial dispensing system and equipment market to collectively account for more than 50% of the global market revenue share.

The global industrial dispensing system market, by application, is segmented into glues and sealants dispensing systems, liquid materials dispensers, powder product dispensers, and others. The dispensing system market is primarily driven by growing demand from the automotive industries, food and beverage industries, and pharmaceutical industries. Demand for industrial dispensing system and equipment has risen substantially due to increase in production of medicine and food and beverage industries globally. Furthermore, demand for dispensing system has increased to a large extent due to adoption of technologies such as micro dispensing system and digital dispensing system.

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The global industrial dispensing system and equipment market by end use is segmented into automotive, personal care, pharmaceutical, food and beverage, and others. Increased use of dispensing system in automotive and pharmaceutical industries is driving the overall dispensing system and equipment market. Industrial dispensing system and equipment are also widely used in the food and beverage industry, which is further contributing to the market growth. End use of dispensing systems in personal care sectors such as home and beauty care is expected to witness substantial growth in the near future. Industrial dispensing systems are also extensively used for coating, spraying, and bonding the equipment.