MPLS IP VPN Services Market Would Beat $46.26 Billion by 2020: Grand View Research, Inc.

The Global MPLS IP VPN Services Market is expected to reach USD 46.26 billion by 2020, according to a new study by Grand View Research, Inc. Despite considerably maturing over the last five years, the market is poised for high growth on account of appreciable growth potential exhibited by managed MPLS IP VPN services. Enterprises have increasingly started incorporating MPLS IP VPN services for leveraging benefits such as cost minimization and performance maximization. The market is expected to stay buoyant as a direct consequence of declining ATM/frame relay implementation.

Global MPLS IP VPN Services market by service (USD Million), 2012 - 2020

Convergence of video, voice, and data on a single platform from different sources and the ability to provide scalable bandwidth is expected to encourage MPLS IP VPN services adoption. As MPLS supports multipoint full-mesh connectivity, organizations adopting cloud computing to address growing concerns pertaining to network security and IT costs can easily manage multiple locations in their network.

Stringent regulations pertaining to the use of VPN for personal applications, especially in the Middle East countries and China are expected to pose a challenge to the MPLS IP VPN services market growth over the forecast period.

Browse full research report on MPLS IP VPN Services Market: www.grandviewresearch.com/industry-analysis/multi-protocol-labelled-switching-internet-protocol-virtual-private-network-market                                                                                                                             

Further Key Findings From the Study Suggest:

• IT departments of institutions such as banks and government offices wishing to maintain control over their networking and routing related decision in order to address security issues have started preferring layer 2 VPN (L2VPN) services. IT departments of enterprises which opt for outsourcing their networking and routing decisions usually prefer layer 3 VPNs (L3VPNs). Multi-branch organizations have increasingly adopted hybrid L2VPN L3VPN services based on specific requirements at individual locations.
• As MPLS offers a high Quality of Service (QoS) which is the primary requirement for VoIP, video conferencing is expected to emerge as a key application area over the forecast period. Substantial bandwidth offered by MPLS IP VPN services between the user’s equipment and the service provider’s network helps suffice VoIP’s requirements. Audio conferencing is projected to be a fast growing and profitable application sector.
• North America and Asia Pacific constituted key regional MPLS IP VPN services markets in 2013 on account of the presence of prominent market players satiating the needs of an increasing consumer base. Influx of international carriers in the North American market to serve their existing MNC clients has favorably impacted the regional MPLS IP VPN services market growth.
• Competitive solutions particularly tailored for MNCs having relatively smaller international presence are offered by prominent international MPLS IP VPN services operators such as AT&T, BT Global Services, Verizon, and Orange Business Services. After penetrating major regional markets, service providers focus on investing funds towards building backbone networks for supporting MPLS. The success of emerging MPLS IP VPN services market players hinges on establishing technical support partnerships and Network-To-Network Interface (NNI) relationships with an emphasis on customer service and flexible service offerings.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/communication-services                                                                                                                     

For the purpose of this study, Grand View Research has segmented the global MPLS IP VPN services market on the basis of service, application, and region:

MPLS IP VPN Service Outlook (Revenue, USD Million, 2012 - 2020)

• Layer 2 VPN (L2VPN)
• Layer 3 VPN (L3VPN)

MPLS IP VPN Services Application Outlook (Revenue, USD Million, 2012 - 2020)

• Automated Machines
• Video Conferencing
• Audio Conferencing
• Others

MPLS IP VPN Services Regional Outlook (Revenue, USD Million, 2012 - 2020)

• North America
• Europe
• Asia Pacific
• RoW

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-mpls-ip-vpn-services-market                                                                                 

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Truck Racks Market Will Grow at a Steady Rate of 4.9%From 2014 to 2025: Grand View Research, Inc.

The global truck racks market size is expected to reach USD 1.09 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 4.9% during the forecast period. Surging demand for aluminum-based truck racks owing to their lighter weight and longer lifetime is anticipated to be one of the key trends benefitting the overall market.

Raw materials supplied to truck rack manufacturers are generally procured from distributors employed by major steel and aluminum companies due to low procurement volumes. Moreover, value addition by manufacturers was observed to be the highest as they are thoroughly integrated from design to finishing of the product.

Product supply is carried out either by direct or indirect distribution channels. In addition, a majority of companies in the market operate dual distribution channels, such as distributors, dealers, and wholesalers. Presence of extensive distribution network ensures timely product supply across key operational regions, which positively influences market growth. Scope for product customization is low, with various customization options limited to change in length and size of the product. In addition, suppliers and distributors primarily take care of such customization, thereby adding to the value of the products.

Browse full research report on Truck Racks Market: www.grandviewresearch.com/industry-analysis/truck-racks-market     

                                                                                                                       

Further Key Findings From the Study Suggest:

• Aluminum truck racks are likely to register a CAGR of 6.6% by volume from 2017 to 2025. Reduction in overall product weight achieved with use of the material is fueling adoption
• The market in U.S. is poised to exhibit a CAGR of 4.8% in terms of revenue during the forecast period. Asia Pacific is estimated to be the most promising region during the forecast period in terms of value as well as volume
• Demand for truck racks will be higher in the aftermarket as compared to OEMs, with the former projected to command just over 70.0% of the overall market volume
• Key industry players lay high emphasis on development of new product designs in order to attract consumers and operating extensive distribution network in a bid to augment market share.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/automotive-and-transportation 

                                                                                                                   

Grand View Research has segmented the global truck racks market on the basis of product, application, and region:

Truck Racks Product Outlook (Volume, ‘000 Units; Revenue, USD Million, 2014 - 2025)

• Steel
• Aluminum

Truck Racks Application Outlook (Volume, ‘000 Units; Revenue, USD Million, 2014 - 2025)

• OEM
• Aftermarket

Truck Racks Regional Outlook (Volume, ‘000 Units; Revenue; USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• U.K.
• Asia Pacific
• Australia
• Central & South America
• Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-truck-racks-market      

                                                                          

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Smart Office Market Is Predicted To Grow Swiftly Due To Increase in demand for automation and real-time analytics Till 2025: Grand View Research, Inc.

The global smart office market size is expected to reach USD 57.05 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 13.2% over the forecast period. Organizations are constantly evolving due to changing workforce demographics and technological expectations of modern employees and employers. As a result, a large number of organizations across the globe are anticipated to shift toward smart offices. Rising concerns regarding energy consumption are also likely to augment the market.

Growing adoption of Internet of Things (IoT) is estimated to stoke the growth of the market as IoT enables inter-networking of physical devices through actuators, sensors, network connectivity, and software. Employers are able to improve employee productivity while increasing flexibility of work environment with better connectivity. However, concerns associated with privacyandmalicious attacks are poised to inhibit the growth of the market.

Energy management systems (EMS) offer advantages such as measuring energy efficiency improvements, analyzing energy data for better decision-making, and optimization of energy consumption. Audio-video conferencing systems help reduce travelling time and costs by providing a platform to share and collaborate ideas from remote locations. Surging demand for these hardware systems is projected to provide a fillip to the overall market.

Rising popularity of smart office technology is motivating manufacturers to invest in research and development activities for creating cost-effective, reliable, and improved products. Manufacturers are pouring substantial funds into development of new products for providing better user experience, which is expected to trigger the growth of the market.

Browse full research report on Smart Office Market: www.grandviewresearch.com/industry-analysis/smart-office-market 

                                                                                                                  

Further Key Findings From the Study Suggest:

• Smart office technology enhances experience of employees in terms of integration, intelligence, and intuitiveness
• By component, the service segment is likely to post the highest CAGR of 15.0% over the forecast period
• The retrofit segment dominated the market in 2016, with a valuation of USD 14.30 billion. The segment will retain its lead position through 2025
• The North American region accounted for the largest share of just over 55 % in 2016
• Key industry participants include ABB Ltd. (Switzerland); Honeywell International, Inc. (U.S.); Johnson Controls (U.S.); Schneider Electric (France); and Siemens AG (Germany).

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/technology                                                                                                               

Grand View Research has segmented the global smart office market based on component, office type, and region:

Smart Office Component Outlook (Revenue, USD Million, 2014 - 2025)

• Hardware
• Security Systems & Controls
• Smart Lighting & Controls
• Energy Management Systems
• HVAC Control Systems
• Audio-Video Conferencing Systems
• Software
• Service

Smart Office Type Outlook (Revenue, USD Million, 2014 - 2025)

• Retrofit
• New Construction

Smart Office Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• Japan
• India
• South America
• Brazil
• Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-smart-office-market   

                                                                   

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Demand For Higher Productivity & Reduction In Downtime Is Expected To Bolster Growth Of CNC Machines Market

The global CNC machines market size is anticipated to reach USD 100.9 billion by 2025, according to a new report by Grand View Research, Inc., rising at a CAGR of 6.8% over the forecast period. Increasing need for reducing operating costs, manpower, and errors in components is likely to stoke the growth of the market.

Technological advancements are driving the use of CNC machines in development of highly intricate models/components with a definitive finish. This has subsequently led to a rise in implementation of CNC technology in lathe, milling, laser, grinding, and welding machines. Integration of CNC machines with computer-aided manufacturing (CAM) helps in reducing the time required for manufacturing of work pieces and enables hassle-free production of components.

Commercial demand for advanced, compact-sized CNC machines with automatic tool changers and multi axis machining technology is on a rise. Several large manufacturing units and plants are increasingly adopting CNC lathes to perform operations such as cutting, drilling, knurling, deformation, facing, and turning operations.

Various milling tools such as Poly Crystalline Diamond (PCD) tools and solid carbide tools are being introduced in the market. These tools offer increased efficiency and versatility while performing operations at the shop floor. These new tools also offer durability, resistance toward high temperatures, and enable better machining with reduction in vibrations, wear, and noise.

Browse full research report on CNC Machines Market: www.grandviewresearch.com/industry-analysis/computer-numerical-controls-cnc-market                           

                                                                                       

Further Key Findings From the Study Suggest:

• The global CNC machines market is anticipated to expand at a CAGR of 6.8% over the forecast period, owing to reduction in cycle time, reduced wastage, and increased efficiency
• The lathe machines segment held the leading share of over 27% in 2016. The growth of the segment can be attributed to availability of 5-axis operation machinery that increases flexibility, reduces operation time, and avoids collision
• The milling machines segment is estimated to post the highest CAGR of 9.5% during the forecast period, owing to features such as multi-functionality and reduced time requirement
• The industrial segment is poised to dominate the market until 2025 and reach a valuation of USD 25.17 billion
• The Asia Pacific region is projected to witness significant growth over the forecast period, owing to increasing number of manufacturing units
• Key participants in the market are Amada Co., Ltd.; DMTG Corporation; Haas Automation, Inc.; Okuma Corporation; and Yamazaki Mazak Corporation, among several others.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies                                                                                                              

Grand View Research has segmented the global CNC machines market based on type, end use, and region:

CNC Machines Type Outlook (Revenue, USD Billion, 2014 - 2025)

• Lathe Machines
• Milling Machines
• Laser Machines
• Grinding Machines
• Welding Machines
• Winding Machines
• Others

CNC Machines End-use Outlook (Revenue, USD Billion, 2014 - 2025)

• Automotive
• Aerospace & Defense
• Construction Equipment
• Power & Energy
• Industrial
• Others

CNC Machines Regional Outlook (Revenue, USD Billion, 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• Germany
• Italy
• Asia Pacific
• China
• India
• Japan
• Latin America
• Mexico
• Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-computer-numerical-controls-cnc-machines-market 

                                                                    

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com