The smart glass market is growing with the increase in urbanization and advancements in infrastructure around the world. The smart glass is also known as light control glass (LCG), switchable glass or privacy glass and are used for architectural, automotive, interior, and product design industries. The smart glass technologies help in altering the amount of light transmitted through typically transparent materials, allowing these materials to appear as transparent, translucent, or opaque. The smart glass is an innovative building material that is made from electrochromic glass to create intelligent partitions, windows, and skylights. The active smart glass technology allows the control of various light visible with the help of electricity, the glass gets switched from opaque to transparent, allowing for dynamic light control. The smart glass comes in two primary types passive and active. The passive type includes Thermochromic and Photochromic and Active type includes Electrochromic (EC), Suspended particle Devices (SPD), and Polymer Dispersed Liquid Crystal (PDLC). The advancing technology is expected to grow the market share of the energy and power industry.
Thermochromic Smart Glass
The thermochromic glass is an emerging technology in window design, this smart material changes its tint automatically by using heat and light from the sun to darken or lighten the tint of the glass. The thermochromic is a passive type of smart glass. It reduces glare and increases energy efficiency in the building. These glasses are mainly used for controlling solar heat.
Photochromic Smart Glass
The photochromic smart glasses are a passive type of smart glass technology. The photochromic glass changes its light transmission properties according to the amount of UV light. They are used in color-changing lenses for sunglasses, data storage, novelty items, and super-molecular chemistry but they are majorly used for architectural glazing as a form of smart glass.
Electrochromic Device (ECD)
The electrochromic device glass filters both the light and heat of solar rays. The ECD uses two electrodes to drive ionized particles from the “inside” of the glass (transparent) to the “outside” (opaque). Once the particles have moved, no current is required for them to stay at the current state and this impacts the transition time to a gradual speed from its outdoor edges, inward, and full transition can take several minutes or more, depending on the size of the glass. The electrochromic switchable glass is am an ideal choice for exterior applications like energy-conserving windows but is not good for using as privacy glass as it cannot turn completely opaque.
Suspended Particle Device (SPD)
The Suspended Particle Device contains minuscule solid particles that are suspended in liquid and coated between two thin layers of PET-ITO to create a film. Its shades and cool interior helps in blocking up to 99% of incoming natural or artificial light within seconds of shifting voltage. The suspended particle devices are not recommended for privacy purpose as they don’t turn completely opaque nor it is optimized for projection. The suspended particle device can be used in interiors where darkness is required and even in the exterior. The suspended particle device helps in creating more comfortable and environment-friendly indoor spaces. It saves energy costs by regulating the temperature within a structure.
Polymer Dispersed Liquid Crystal (PDLC)
The Polymer Dispersed Liquid Crystal (PDLC) uses liquid crystal a material that shares characteristics of both liquid and solid compounds, which are dispersed into the polymer. The PDLC with switchable smart glass is one of the most highly used technologies and this type of technology is generally used for interior applications and they can be optimized for use in outdoor conditions. The PDLC is available in two applications laminated (for newly fabricated glass) and retrofit (for existing glass) use. The increase in the use of PDLC will grow the smart glass market share.
Benefits of Smart Glass: –
The smart glass provides privacy and it is one of the main reasons for utilizing this technology. It majorly used in offices for making partitions for meeting rooms, higher-level employees’ rooms, and for improvising the interiors. It is even used for controlling the light and temperature in the office.
The smart glass helps in controlling temperature and light in the interior area and saves the cost of energy. The smart glass provides total privacy without blocking the outside light, offices, homes, retail stores and among others can opt for total privacy when their glass is switched off. Even in the daylight, some light penetrates the glass without allowing visibility through it, depending on where glass is installed with respect to sun as a slight hue of light comes through glass, acting as a natural, energy free, the gentle light source for the room itself.
-
Easy for using and maintaining
The smart glasses are easy to use and to maintain and are simple both in terms of operation and function. The smart glass can be controlled according to the user choice like the glass can change from frosted to clear at the press of a button, a flick of a switch or even by voice command with use of virtual home assistant making it even easier to use and giving privacy to the occupant as it desires.
The smart glass even helps in improvising the aesthetics of home or office. The smart glass is a glass-based product which makes it provide crystal clear clarity on the surface it has been applied to. The smart glass blends extremely well with the environment and when it is switched off, the glass reverts to a frosted state, ensuring that it looks the part of the surrounding.
The smart glass provides an all-around performance by providing saving in energy cost, improving aesthetics, privacy, and reducing energy consumption. The smart glass is giving rise to the use of various technologies for combinations that gives rise to an entirely new product range. From being a simple privacy solution to a multi-functional projection screen, engaging audiences and reverting to clear glass when not in use.
Applications of Smart Glass:-
The smart glass is used as office partitions, electrically switchable glass partitions and walls add adaptability and provide aesthetics to office interiors.
The smart glass in the hotel adds elegance and efficiency to the place as it is an ideal solution for including a cozy lounging and sleeping space, clean and relaxing bathroom, it makes you feel spacious within the limited square footage.
In hospitals smart glass is eliminating the need for traditional drapery and curtains. It helps the doctor to check the patient without entering a room, reducing disturbances and chances of contamination and improving the overall patient recovery process.
There is a rise in the usage of smart glass in residents owing to use as switchable glass windows, doors, and partitions.
The smart glass is used in retail as a smart visual merchandising technique for complete utilization of storefront windows for advertising and for allowing a view into the store.
Smart Glass for Smart People
BlogThe smart glass market is growing with the increase in urbanization and advancements in infrastructure around the world. The smart glass is also known as light control glass (LCG), switchable glass or privacy glass and are used for architectural, automotive, interior, and product design industries. The smart glass technologies help in altering the amount of light transmitted through typically transparent materials, allowing these materials to appear as transparent, translucent, or opaque. The smart glass is an innovative building material that is made from electrochromic glass to create intelligent partitions, windows, and skylights. The active smart glass technology allows the control of various light visible with the help of electricity, the glass gets switched from opaque to transparent, allowing for dynamic light control. The smart glass comes in two primary types passive and active. The passive type includes Thermochromic and Photochromic and Active type includes Electrochromic (EC), Suspended particle Devices (SPD), and Polymer Dispersed Liquid Crystal (PDLC). The advancing technology is expected to grow the market share of the energy and power industry.
Thermochromic Smart Glass
The thermochromic glass is an emerging technology in window design, this smart material changes its tint automatically by using heat and light from the sun to darken or lighten the tint of the glass. The thermochromic is a passive type of smart glass. It reduces glare and increases energy efficiency in the building. These glasses are mainly used for controlling solar heat.
Photochromic Smart Glass
The photochromic smart glasses are a passive type of smart glass technology. The photochromic glass changes its light transmission properties according to the amount of UV light. They are used in color-changing lenses for sunglasses, data storage, novelty items, and super-molecular chemistry but they are majorly used for architectural glazing as a form of smart glass.
Electrochromic Device (ECD)
The electrochromic device glass filters both the light and heat of solar rays. The ECD uses two electrodes to drive ionized particles from the “inside” of the glass (transparent) to the “outside” (opaque). Once the particles have moved, no current is required for them to stay at the current state and this impacts the transition time to a gradual speed from its outdoor edges, inward, and full transition can take several minutes or more, depending on the size of the glass. The electrochromic switchable glass is am an ideal choice for exterior applications like energy-conserving windows but is not good for using as privacy glass as it cannot turn completely opaque.
Suspended Particle Device (SPD)
The Suspended Particle Device contains minuscule solid particles that are suspended in liquid and coated between two thin layers of PET-ITO to create a film. Its shades and cool interior helps in blocking up to 99% of incoming natural or artificial light within seconds of shifting voltage. The suspended particle devices are not recommended for privacy purpose as they don’t turn completely opaque nor it is optimized for projection. The suspended particle device can be used in interiors where darkness is required and even in the exterior. The suspended particle device helps in creating more comfortable and environment-friendly indoor spaces. It saves energy costs by regulating the temperature within a structure.
Polymer Dispersed Liquid Crystal (PDLC)
The Polymer Dispersed Liquid Crystal (PDLC) uses liquid crystal a material that shares characteristics of both liquid and solid compounds, which are dispersed into the polymer. The PDLC with switchable smart glass is one of the most highly used technologies and this type of technology is generally used for interior applications and they can be optimized for use in outdoor conditions. The PDLC is available in two applications laminated (for newly fabricated glass) and retrofit (for existing glass) use. The increase in the use of PDLC will grow the smart glass market share.
Benefits of Smart Glass: –
The smart glass provides privacy and it is one of the main reasons for utilizing this technology. It majorly used in offices for making partitions for meeting rooms, higher-level employees’ rooms, and for improvising the interiors. It is even used for controlling the light and temperature in the office.
The smart glass helps in controlling temperature and light in the interior area and saves the cost of energy. The smart glass provides total privacy without blocking the outside light, offices, homes, retail stores and among others can opt for total privacy when their glass is switched off. Even in the daylight, some light penetrates the glass without allowing visibility through it, depending on where glass is installed with respect to sun as a slight hue of light comes through glass, acting as a natural, energy free, the gentle light source for the room itself.
The smart glasses are easy to use and to maintain and are simple both in terms of operation and function. The smart glass can be controlled according to the user choice like the glass can change from frosted to clear at the press of a button, a flick of a switch or even by voice command with use of virtual home assistant making it even easier to use and giving privacy to the occupant as it desires.
The smart glass even helps in improvising the aesthetics of home or office. The smart glass is a glass-based product which makes it provide crystal clear clarity on the surface it has been applied to. The smart glass blends extremely well with the environment and when it is switched off, the glass reverts to a frosted state, ensuring that it looks the part of the surrounding.
The smart glass provides an all-around performance by providing saving in energy cost, improving aesthetics, privacy, and reducing energy consumption. The smart glass is giving rise to the use of various technologies for combinations that gives rise to an entirely new product range. From being a simple privacy solution to a multi-functional projection screen, engaging audiences and reverting to clear glass when not in use.
Applications of Smart Glass:-
The smart glass is used as office partitions, electrically switchable glass partitions and walls add adaptability and provide aesthetics to office interiors.
The smart glass in the hotel adds elegance and efficiency to the place as it is an ideal solution for including a cozy lounging and sleeping space, clean and relaxing bathroom, it makes you feel spacious within the limited square footage.
In hospitals smart glass is eliminating the need for traditional drapery and curtains. It helps the doctor to check the patient without entering a room, reducing disturbances and chances of contamination and improving the overall patient recovery process.
There is a rise in the usage of smart glass in residents owing to use as switchable glass windows, doors, and partitions.
The smart glass is used in retail as a smart visual merchandising technique for complete utilization of storefront windows for advertising and for allowing a view into the store.
Understanding the BFSI Security Industry
BlogIntroduction
The Global baking industry has the highest annual costs associated with cybercrime followed by utilities and software companies. Any type of leakage in the confidential data on consumer base, financials and strategies can affect the brand image and especially in the BFSI industry where there is an existence fo both internal and external threats. In recent years the advent of the internet has facilitated in moving most of the banking process online aiming to provide efficient and convenient services to its customers. This has also led to an increase in cybersecurity threats and frauds leading to BFSI enterprises opting for precautionary measures to keep the customers’ data safe. A cybersecurity threat is a malicious act that seeks to steal or even damaged data. Also, as banking customers are moving away from using cash and checks towards relying more on electronic banking, Banking, financial services, and insurance organizations continue to develop more web portals and mobile apps. Although these apps and online portals are aimed at increasing convenience and enhancing the final customer experience, still they pose unique risks in terms of cybersecurity.
BFSI security market trend is witnessing substantial growth in the couple of years as various organization and agencies are established around the globe that tracks the consumer fraud and identify theft complaints, for instance in the United States consumer sentinel network is maintained by the Federal Trade Commission which tracks consumer fraud and identity theft complaints that have been filed with federal, state and local law enforcement agencies, in fact in its recent report fraud complaints in the country have increased from 1,165,625 in 2015 to 1,427,563 in 2018. In addition, in 2019 there were around 1,473 breaches 17% up from 1,257 in 2018 but below the record number of breaches of 1,632 in 2017.
The growing interest in cyber insurance and cyber risk as a result of high profile data breaches and awareness also boosts the market for BSFI security in the coming years. In July 2019, one of the worst data breaches of Capital One Financial Corp exposed nearly 100 million records in the United States and approximately 6 million in Canada. The outside individual who took the data was captured by the FBI and the government also states further strict policies to protect the customers from any such acts in the coming future.
Is physical security is an area of interest for the baking sector?
Physical security such as access control and video surveillance is the area of interest for banking and other companies around the world. Video surveillance for monitoring the activities inside as well as outside the industry has now become necessary for banking and financial institution which are aiming to address solutions from theft and terrorism. Such video surveillance solutions are used to protect employees and assets of the company. Other benefits such as lowering robberies, preventing fraud, continuous surveillance and remote accessibility are further increasing the demand for video surveillance and other physical security of the BSFI industry. In addition, increasing investment in research and development by big market players on advance video surveillance capabilities which artificial intelligence that makes it possible for banks to automatically analyzing the threat detection and reduces the need for manual monitoring and adds facial recognition technology to the mix after which institutions have an edge against criminals.
Further, governments and local administration around the world have institutionalized various regulatory measures to limit the fraud and theft cases which in turn, accelerate the growth of global BFSI security markets. Nevertheless, there is a high growth potential for emerging and developing markets and there are regions that still untapped with regards to the realization of its technological potential. The Information and communications technology revolution in various parts of the world fueld by the progress in the semiconductor technology has also accelerated pace of BFSI security market growth over the forecast period.
Latest Developments in the BFSI security Sector
In December 2019, CyberGRX, provider of the world’s first and largest global cyber risk exchange, raised $40 million in Series D funding led by the ICONIQ Capital and also backed by Datadog, Gitlab, Procore, and Snowflake. Funding will help the company to meet increasing demand, including expanding globally and driving innovative product development in the direction that eliminates the current time-consuming procedures. Also, the company will continue to disrupt industry inertia around the third party cyber risk management be advancing an innovative and proven approach to reduce third-party cyber risk.
In December 2019, Secure Code Warriors secured a Series B funding round of US$47.6 million led by Goldman Sachs. Additional investors include ForgePoint Capital and Cisco Investments and US-based Paladin Capital Group. Such funding is used to support global expansion initiative, ongoing research and product development coupled with the establishment of new operations on the West Coast of the United States in Portland, Oregon and across APAC starting with Singapore.
November 2019, Madrid based cybersecurity firm Buguroo secured US$11 million in Series A funding to bring its Deep Learning-based online fraud detection and prevention technology, device assessment, combining behavioral biometrics and malware detection to more financial services customers. Three new investors will join buguroo board Alex Doll and Paul Ayers from Ten Eleven Ventures and Beatriz Gonzalez from Seaya Ventures.
In November 2017, Lifelock a Symantec company and one of the leading providers of proactive identify theft protection company launched an identify protection product LifeLock® Senior† to help adult children protect senior/old age parents from identity theft. LifeLock and Norton brands together are redefining the security industry and offering customers comprehensive protection that helps connect people, information and things. One of the prime features of LifeLock Senior identity protection is the ability for children, with permission from their senior/old age parents, to view their parents’ banking activity and thereby actively monitoring the potential identity threats.
In 2016, Cisco acquired ClodLock Inc, a cloud security private company based in Waltham, Massachusetts which specializes in cloud access security broker technology and provides companies with visibility around user behavior and sensitive data in cloud services, including Iaas, PaaS and SaaS. The acquisition is further enhancing Cisco’s security portfolio and increases its market share by providing protection from the cloud to the network to the endpoint.
Conclusion
There is an increasing number of developments in the BFSI security market worldwide, it is evident that all stakeholders engaged in this market are active in all sorts so development in the security industry. The market is expected to witness exponential growth opportunities on account of the growing adoption of cloud-based security solutions and the increasing risk of data loss around the globe.
Empty Capsules – Facilitating the Remedies for New Age Maladies and Increasing Health Consciousness
BlogThe empty capsules market growth is poised to take place at a rapid pace due to the increasing nutraceuticals and pharmaceutical industries. Additionally, the inverse population pyramid that is becoming the new norm around the world is also making space for a growing aging population. This inurn is creating the need for increasing patient affordability and necessitating a greater awareness about the burgeoning health issues that are being supported by favorable government initiatives that are set to drive the global market growth.
Further, the increasing applications in prescribed pharmaceutical drugs and over-the-counter drugs, nutritional supplements, herbal alternatives are also set to push the empty capsules market trend upwards. Further, empty capsules are also preferred by drug makers that have low bioavailability, critical stability, low melting point, poor water solubility which is also set to propel the market growth during the forecast period. Besides the empty capsules offers a host of benefits that are inclusive of but not limited to low sensibility to oxygen permeability and constant capsule dimensions that are expected to fuel the growth of the empty capsules market. Nevertheless, the growth of the market is set to be affected due to steep capital investments that are required for players who are inclined to enter the supply side of the market. Furthermore, high gelatin prices are also projected to affect the empty capsule market growth.
The segment of the type of product that is going to occupy the largest market share
From the perspective of the type of products, gelatin capsules are estimated to occupy and sustain a major portion of the market share during the forecast period. This segment of the gelatin capsule is projected to witness such growth due to a plethora of factors. These factors can be listed as biocompatibility, non-allergenicity, thermo-reversibility, and tableting as well as viscoelasticity. Besides, the segment of non-gelatin capsules is projected to witness the highest rate of growth during the forecast period. Particularly considering HPMC capsules or Hydroxypropylmethylcellulose capsules it is important to note that these are resistant to extreme ambient temperature environments like that of extreme heat and extreme humidity. Further, it is characterized by low moisture capabilities which are suitable for a moisture-sensitive ingredient. Additionally, these capsules are derived out of plants that make them even more attractive than gelatin-based products. The main reason for preference over gelatin-based products is that increasing customer preference for products that are devoid of any preservatives as well as free of allergens specifically considering those who are susceptible to allergies from starch and or gluten.
The segment of end-user that is going to occupy the largest market share
On the basis of end-user, the largest market share is that of the pharmaceutical industries because it is an industry that undoubtedly contributes to the upkeep of the health, sustenance of life. It is the primary sector in the entire spectrum of healthcare that contributes to the reduction of the incidence of disease and health-related complications. Further, this one particular end-user industry is subjected to constant research and development that further aids in the reduction of disease and sickness that leads to the reduction of loss of productivity and contributes to the economic output of a nation and consequently of the entire world. Thus, the aforesaid will also lead to the growth of the empty capsule market during the forecast period. Moreover, within the pharmaceutical segment, the sub-segment of antibiotics currently occupies the largest share of the empty capsules market due to the increasing prevalence of bacterial infections and the emergence of viral disease that has taken the world by storm from December 2019. Further, tropical diseases and other ailments whose remedies are still being researched are also a few aspects that are going to keep contributing to the growth of the empty capsules market.
From the perspective of regional markets, the APAC, as well as the North American markets, are poised to fuel the growth of the empty capsule market. With respect to the APAC region, the pharma segment is ever-expanding and has no signs of receding. Further government spending toward achieving healthcare self-dependence is also another factor that is going to fuel the empty capsules market growth. Further growing awareness among the patient population is going to aid in the growth of this market. On the other hand with respect to North America, besides the huge investments in research and developments that the pharma segment is subjected to, there are a growing research and development investment and consumers’ interest in nutraceutical and cosmeceutical products that are going to thrust the market to a new zenith.
Competitive strategies by a key player in this sector
There have been a few key developments, which have been set in motion by certain major market players in the global packaging segment.
In February 2020, Dr. Reddy’s Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY, along with its subsidiaries together referred to as "Dr. Reddy’s") announced the launch of Trientine Hydrochloride Capsules USP, 250 mg. It is a therapeutically equivalent generic version of Syprine® (trientine hydrochloride) Capsules, which are approved by the U.S. Food and Drug Administration (USFDA).
Then going back to 2019, Natural capsules Limited (Natural Capsules) had announced that it has entered into an arrangement to acquire the API business of Naari Pharma Private Limited, an integrated Hormonal Generics & API manufacturer on a slump sale basis. The acquisition covered the API manufacturing sire located in the state of Uttarakhand and associated business focused on the Hormonal API segment.
Again, in October 2019, CapsCanada®, the leading innovator of vegetarian K-CAPS®, relocated its headquarters to a new state-of-the-art facility that is strategically located in Dania Beach, Florida USA. It is in close proximity to major interstate highways Port Everglades and Fort Lauderdale International Airport. This decision was made to accelerate their growth by moving to a spacious facility that is meticulously designed and developed by the owners of CapsCanada®. Further, this would help the organization to increase its distribution footprint to meet the global high demand for the premium vegetarian capsule brand that is devoid of preservatives, allergens, and starches, enabling health-conscious consumers to choose something other than those derived from animal-derived capsules.
Technological Disruption, Natural Calamity or Geopolitical Rift, The Packaging Machinery Market Is the Mammoth Unstoppable
BlogThe packaging machinery market is projected to grow at a CAGR of 5.29% to reach a market size of US$73.034 billion in 2025 from US$53.605 billion in 2019. The market for packaging machinery is expected to see exponential growth during the forecast period. The factors are driving the growth of this market are two-pronged. The first is the wide range of applications. There a quite few notable applications, but with packaged food & beverage industry organizations around the world are increasingly embracing these solutions to ensure the quality of their product is maintained at the highest standards. Secondly, the rise of convenience snacking due to the fast-paced urbanization is also another factor that has made read-to-eat food the go-to preference for today’s urbanites. This is also in part due to the increasing relaxation of food and agricultural trade. Further, today's citizens are global citizens so the inclination to sample exotic preparations is leading to the rise in imports of various foodstuffs that are not native to the region where they are being demanded.
The packaging machinery market trend is also set to surge upwards due to the rise of disposable income and the resulting increase in the standard of living. Besides the aforesaid food and beverage sector, the demand for high-end personal care products is also poised to drive the growth of the market since personal care product requires sturdy packaging solutions to ensure the durability of the products during transit. Further, the packaging machinery market is also witnessing a steady rise in the adoption of smart technologies that enable the integration of numerous smart features that are allowing the various end-users to enhance their productivity.
Key competitive strategies:
To this end, there have been a few key developments, which have been set in motion by certain major market players in the global Automation segment. They are as follows:
In February 2020, bioproduct developer Novamont based out of Italy introduced a new grade of transparent cling film to the Mater-Bi product range that is specifically designed for automatic packaging machines. It is mainly intended for packaging fresh produce and targeted at large scale distribution which engages in retail trade. This clingfilm is also used for medium-sized packaging centers. The unique selling proposition of this product is that along with any probable investment to upgrade the line of packaging machinery a consumer needn’t invest in ad-hoc handling. Further benefits of these integral components are that it is biodegradable, it ensures a great degree of breathability, high transparency, it offers anti-fog properties and last but not the least mechanical strength. Therefore, with projected packaging machinery growth there will be a requirement of such versatile components that will aid in the growth packaging materials as well. Further with the focus on eco-friendly products, both suppliers and consumers are increasingly preferring packaging materials that will intron help in reducing the carbon footprint of the packaging machinery market.
In January 2020, poultry and meat flow wrapper was unveiled by packaging machinery manufacturer Harpak-ULMA that is based on the previously patented technology. The ULMA FS-400 flow-pack machine is marketed to wrap inconsistently shaped and sized items on trays in leak-proof film packaging. Among many benefits extended by this new product is the ease of accessibility as far as the internal components are concerned. The other benefit is that that the new machine also includes a single mechanical cabinet for motors and drive components as well as an electrical cabinet for ease of access. The aforesaid is facilitated by the cantilever design which is an enhancement of the twenty-year-old design of its predecessor.
However, in 2019 a newly incorporated entity managed by Luxemburg based CVC Capital Partner acquired Bosch’s packaging machinery business that is based in Waiblingen. CVC is a private equity and investment advisory firm that has 24 offices in Europe, Asia and the U.S. This agreement includes the transfer of all the associates spread across 15 countries.
Moreover, in March 2019 WestRock a paper and packaging solutions firm has acquired automated packaging machinery firm Linkx Packaging Systems with the objective to expand the former’s automated packaging system offerings portfolio. This acquisition had reported enabled WestRock to address the on-demand packaging for eCommerce applications. The latter’s BoxSizer technology platforms enable consumers to produce multiple sizes of cartons on the same machine. The other benefit which WestRock reportedly would reap is the reduction of the height dimension of custom-sized boxes. Further, this technology will reportedly reduce space, void fill, materials, labor and shipping costs. This by removing excess packaging materials the customers would reduce their environmental footprints and engage in ecofriendly packaging.
In 2019, the Azimuth EVO bagging system has been designed by the Italian manufacturer PFM Packaging Machinery to reduce the downtime for reel changes concomitantly offering automatic film web tracking and a space-saving footprint. This machine will best be suited for stand-up, four-side-seal bags that are increasingly popular for a wide range of food and beverage applications. Apart fork the aforesaid, another notable launch by this packaging manufacturers includes the latest version of its flexible Pearl flowrapper that is made out of stainless steel for hygienic purposes; the PFM Scirocco, which is an inverted web MAP flowrapper for products that range from wet wipes to dairy products.
Rewinding to 2018, the North American brand of UK-based Riverside Medical Packaging. Ltd. called SP Thermoforming brought about a line of flexible and rigid blister thermoforming machines that feature a new concept of carousel design. It marked the departure from the linear, meters-long chain-pulled thermoformers. All the functions performed by this machinery are via a rotating drum through its radial workstations. SP Thermoforming finds its application in food, pharmaceutical, and medical devices. It is capable of forming both rigid and flexible/soft blisters. This breakthrough design facilitates manufacturers to reallocate manpower which was earlier required to operate an earlier type of packaging machinery. With single-phase low energy consumptions and easy repositioning, this machine reduces its overall footprint which is inclusive of but not limited to the operating cost and energy consumption. Moreover, this peace pf machinery also does away with water cooling, gripper chains and trims reducing the need for high maintenance, contamination, and downtime.
Thus, from the aforesaid key development, it could be discerned that due to a plethora of factors that are stimulating fast-moving consumer goods consumption as well as the need for self-sufficiency in packaging is driving the packaging machinery growth.
Glycinates: The Evolution of Nutritive Food
BlogThe growth of the market for glycinates is majorly attributed to the significantly growing demand for dietary supplements, cosmetics, and personal care products due to the growing disposable income and growing concerns regarding the use of supplements and personal care products. In addition, the burgeoning demand for chelated minerals in the form of food additives is considered to be one of the key factors supporting the growth of the glycinates market during the coming years. Also, the use of high adoption of glycinates for their application in feed additives on account of rising concerns regarding the health of the animals is leading to the restricted use of antibiotics which in turn is projected to amplify the global glycinates market growth. The rising demand for animal feed due to growing demand for poultry products and growing meat consumption is also projected to positively impact the market size over the forecast period. The significantly growing pharmaceutical sector is also anticipated to boost the growth of the market owing to numerous applications of glycinates in medical products.
Glycinates Market, by Application segment
On the basis of application, the global glycinates market has been segmented into pharmaceutical, food additive, cosmetics, feed additives, and others. The rising investments in the chemicals and materials industry in the form of R&D and the development of new products also show the potential for the growth of the market during the next five years. The four major applications of glycinates that are available are explained below:
Pharmaceutical
The wide adoption of glycinates in the pharmaceutical industry is one of the key factors supplementing demand for their application in pharmaceutical products. The growing pharmaceutical industry is one of the prime factors responsible for driving the demand for glycinates for the application in the pharmaceutical segment. The pharmaceutical industry is one of the heaviest regulated sectors in the world. In addition, drugs are evaluated according to their safety, quality, and reliability. Furthermore, increasing pharmaceutical sales and OTC sales is further expected to anticipate the growth of the glycinates market for the pharma industry significantly.
Food Additive
The major factors for the growth of the glycinates market for the food additive segment is leading to the high consumption of fast food and significant consumption of beverages due to changing consumer preferences towards the consumption of food with nutritional benefits. Furthermore, the increase in the middle-class population in the major developing economies is one of the factors bolstering the consumption of food and significantly adding up to the growth of the market during the next five years.
Cosmetics
The growing market for cosmetics products due to rapid urbanization and the deeper penetration of personal care and body care products due to the expansion of the distribution channel is projected to amplify the growth of the glycinates market for the cosmetics industry. Furthermore, growing consumer demand for high-quality, and effective products which further deliver immediate and tangible results is also anticipated to boost the demand for high-quality cosmetic and personal care products.
Feed Additives
A feed additive is one of an additive or an extra nutrient that is mixed with the animal feed majorly for enhancing the level of nutrition of the feed which is given to animals. A significant upsurge in the animal diseases is further fuelling the demand for high-quality feed additives, which in turn is projected to propel the growth of the glycinates market for the application in feed additives. Furthermore, the rising demand for meat and dairy products is also leading to the high adoption of feed additives on account of increased concerns for healthy livestock growth.
North America to hold a noteworthy share in the market
Regionally, the global glycinate market has been classified into North America, South America, Europe, Middle East, and Africa and the Asia Pacific. The North American region is projected to hold a noteworthy share in the market owing to the fact that the population is highly concerned about the consumption of nutritional and dietary supplements which is one of the key factors supporting the growth of the market in the region. Furthermore, the presence of the state-of-art pharmaceutical sector is also anticipated to drive the demand for glycinates in countries such as the United States and Canada. The European region is also anticipated to hold a decent share during 2019, owing to the fact that the major European countries such as Germany, France, and the UK are considered as major industries that are well known for their investments in R&D in the pharmaceutical sector. However, the presence of the well-established food and beverage industry and rising concerns regarding personal health is also anticipated to positively impact the growth of the market throughout the forecast period.
The Asia Pacific region is projected to show multiple growth opportunities on account of the presence of major emerging economies such as India, China, Vietnam, and Indonesia. The rapid urbanization and shift of consumer preferences towards the consumption of highly nutritional products due to rising health concerns, growing middle-class population, and rising disposable income. Furthermore, the growing aging population in the region is also considered to positively impact the growth of the market due to the high consumption of medicines as the immunity of aged people is relatively lower. Further, the growing food and beverage industry in the region is also driving the growth of the market as the rising consumption of fast food especially in India and China is projected to fuel the demand for glycinates in the coming years. Moreover, the increasing demand for animal products and the high consumption of meat products in the region is also anticipated to propel the demand for glycinates and add up to the growth of the market during the next five years.
A Thorough Study on the Video Surveillance Market
BlogVideo Surveillance System is a kind of system which has the capabilities to capture videos and images that can be further compressed, sent and stored over a wide communication network. These systems are considered highly durable and can be used in almost every environment. The rising needs of security and surveillance is a prime factor which is instigating the adoption of video surveillance across the numerous end-user industries. These video surveillance solutions are affordable and cost-effective methods of surveillance in comparison with the conventional method which is one of the key factors supporting the growth of the market. The burgeoning requirements for monitoring the activities over an area is also anticipating the demand for these surveillance solutions significantly. Furthermore, the rising concerns regarding the safety of the general public is also leading to the increased adoption of these solutions, thereby adding up to the growth of the market throughout the forecast period. Therefore, the cost-effectiveness coupled with the durability of these systems along with the rising security concerns are the major factors anticipated to positively impact the market size over the forecast period.
The burgeoning security concerns is bolstering the growth of the market
One of the major factors which is driving the growth of this market is the rising concerns regarding the safety of public coupled with the growing number of cases associated with thefts, terrorist attacks, and other crimes which is fueling the adoption of video surveillance solutions. In addition, the rising penetration of unmanned drones for surveillance purposes is also expected to drive the growth of the market during the next five years. Furthermore, the cost benefits on the utilization of video surveillance and a considerable reduction in the cost of monitoring as compared with traditional methods is also amplifying the adoption of video surveillance solutions across the numerous industries is also adding up to the significant growth of the market.
Furthermore, a surge in the level of terrorist activities and a growing number of cases related to fraud, theft and physical violence is also projected to drive the market for video surveillance for the coming years. In addition, for mitigating different levels of security threats and the continued regional tension is also leading to the high spending by the government of numerous countries for the adoption of these advanced monitoring solutions is also positively impacting the growth of the market. For instance, according to the British Security Industry Authority (BSIA), the UK government installed over 5.9 million cameras at various locations which included hospitals, schools, and various public places.
Investment in smart cities is also projected to boost the growth of the market
The rapid urbanization in various developing economies such as India, China, and Indonesia is leading the high adoption of technology for the development of smart cities is one of the major prime factors which is considered to expand the adoption of video surveillance solutions during the forecast period and beyond. The rising government initiatives towards the investment in smart cities such as the Make in India project launched by the government of India, in which the government has identified 99 cities which will be converted into smart cities, the Saudi Vision 2030, UAE Vision 2021 and UAE Vision 2023 that include the construction of new hotels, airports, and metros which would add up to the requirement of video surveillance solutions is also projected to boost the growth of the market during the coming years.
Product launches and Collaborations in the Video Surveillance Market
The key players in the market are investing heavily in the collaborations, R&D for the development of state-of-art Information and Communication Technology(ICT) solutions to cater to the growing needs of the various end-users also shows the potential for the video surveillance market growth during the forecast period. For instance, in December 2019, smart video security solutions for general surveillance applications by introducing a range of IP 3000i cameras. In addition, Bosch was selected as a scalable security solution provider for one of Europe’s largest architectural projects, Port Praski which occupied an area of around 38 hectares. The company was selected to provide fire detection systems, a site-wide building management platform and video security. Similarly, the company entered into a partnership with DroneShield Ltd a leading company offering drone detection and mitigation solutions, for utilizing Bosch’s video surveillance solutions with DronShield’s products and together offering an integrated system for drone detection.
Moreover, in September 2019, Hikvision, a globally leading company that offers video surveillance products and solutions announced the signing of a deal with Scylla Technologies Inc., a company dealing in protective intelligence. The main aim of the deal was to explore the opportunities for the integration of AI technologies for surveillance solutions.
The healthcare applications to show robust growth in the adoption of these solutions
The burgeoning requirements for patient safety and the growing investments by healthcare providers in the adoption of the latest technology for the enhancement of the quality of services and treatment is one of the key factors which is projected to the high adoption of these solutions across the healthcare settings. The stringent government regulations regarding video surveillance for effecting monitoring is significantly driving adoption across the healthcare sector.
Asia Pacific to grow substantially
The North American region is anticipated to hold a decent share in the market on account of a well-established infrastructure and the early adoption of technology. Furthermore, the presence of well-established industries in the region such as the high-tech healthcare industry and a highly secure transport sector also support the growth of the market in this region. The Asia Pacific region is expected to show good growth opportunities owing to investment in smart cities in countries such as India coupled with rapid urbanization and industrialization and rising investments by industry players for the adoption of these video surveillance solutions majorly for security optimization.
Cloud Professional Services: The Next Evolution of Business Transactions
BlogIn general, the services, which are offered within the purview of this market are inclusive of but not limited to, advisory services, performance testing services, system, and network integration services such as application load, training services. Albeit deployment and support services aren’t categorized as cloud professional services, they are also offered along with the aforementioned that also includes storage security services as well as data backup and recovery services. Further, increasing inclination towards a service-oriented economy is one of the major factors that is driving the global professional cloud services market growth. The very benefit of doing away with space thereafter reducing the cost incurred in real-estate purchase or rent and managing with minimal computer hardware, organizations around the globe are eagerly inclined to integrate cloud computing in their process.
The key types of consumers in this market
In this market of cloud professional services, there has emerged a few distinctions that are prevalent in today’s scenario. They are typically called traditional, pragmatic, transformational, next-gen types. So, looking at traditional archetypes, it is important to note that that this kind of consumer hasn’t yet embraced the benefits of professional cloud services to the extent it has been embraced however they are open to probability to integrate cloud services and transition from legacy solutions.
The next kind of consumer that of pragmatic archetype, wherein they are engaged with multiple service providers and in service-level or business-level agreements whereby they receive managed services and don’t concern themselves with everyday operations, management, and maintenance of the service. Then comes transformational kinds who actively formulate plans to transform their current IT infrastructure by shifting it to cloud environments. Their main objective is to bring about a change in the environment itself. Besides this sort of consumer is also looking forward to installing a more closely integrated as well as user-friendly applications, systems, and platforms.
The next kind of consumersare the ones called next-gen types who are the early adopters of cloud embraces the cloud-first approach. The objective is primarily to utilize applications to make use of applications to leverage cloud-native capabilities that are further used to develop applications in containers. Later they are provided as microservices, thereafter being managed on elastic infrastructures. The latter is done through the means of an agile DevOps process and continuous deliveryworkflows.
Certain key competitive strategies
To this end, there have been a few key developments, which have been set in motion by certain major market players in the global information and communications technology segment. They are as follows:
A broad multiyear agreement was announced between Microsoft Corp and AT&T Inc. in July 2019. The deal is to the tune of US $2 billion, whereby Microsoft has been tasked to provide solutions to the entire core telecommunications business of AT&T that is known as the AT&T Communications LLC organization. Under this deal, Microsoft’s Azure will become the latter’s preferred cloud platform for workloads that don’t concern its network infrastructure. Further, AT&T had also planned to migrate much of the AT&T Communications workforce to Microsoft 365 that will also enable AT&T to access the artificial intelligence-powered Azure Advanced Threat Protection service for preventing any cyber-attacks. The aforesaid service comes bundled with Office 365.
In February 2020, Prisma cloud – the consulting and managed security services industry’s most comprehensive cloud-native security platform that is designed to govern access, protect data and secure applications were unveiled by Trustwave for Palo Alto Networks. This development has been a step toward ensuring and maintaining the security of Palo Altos cloud footprint. Prisma Cloud will be leveraged by Trustwave to enhance threat monitoring and management of workloads across private and public clouds.
Again, during the same year in October, a leading IT strategic service provider InterVision announced the acquisition of an IT professional services and consulting firm known as Fotis Networks. Through the means of this acquisition InterVision aimed at strengthening its engineering talent and expertise which provides professional services to clients in the commercial, education, government as well as healthcare sectors to augment their capabilities with cloud services.
In 2019, IBM closed its acquisition of Red Hat an open-source, enterprise software maker for the US $34 billion to be integrated with IBM’s hybrid cloud division thereby increasing its prospects in the cloud infrastructure business. Thus, form the aforementioned strategic decisions it could comprehend that the Cloud Professional Services Market trend is on the upward rise and the need for the services has been realized more than ever.
Thereafter, in February 2020, Alphabet Inc’s cloud unit and SADA Systems Inc. have entered into a multilayered deal, were in Los Angeles -based SADA will commit to resell $500 million in Google Cloud services in the next three years. The services encompass the installation and consulting ofanalytics applications, call center and hybrid call on Google cloud. This deal with SADA is primarily aimed at acquiring more market share especially when Amazon and Microsoft have a lot of existing deals with enterprise space already.
Further, from a regional perspective tech giant like Microsoft and Google with Indian telcos Bharti Airtel (Airtel) and Reliance Jio Infocomm Limited (Jio) have recently announce partnerships to offer cloud services to small and medium enterprises or SMEs that outlines a growing eagerness of technology firms to leverage the growing the Indian cloud services market. Airtel’s partnership with Google will enable Airtel to provide Google’s G-Suite services that include productivity as well as collaboration tools like Gmail, Google Drive Docs and Calendar in the cloud to its consumers of the SME segment of India.
These offerings will be a part of Airtel’s integrated information and communications technology (ICT) portfolio. On the other hand, India’s largest telco reliance Jio with its partnership with Microsoft’s partnership enables Reliance Jio to offer its cloud-based productivity, collaboration and business applications, including Microsoft Office 365 to Jio’s SME customers. These two deals are symbiotic in the sense that the collaborations will benefit the SMEs to accelerate their business agility and serve the evolving needs of customers through the means of the new innovative digital solutions and the cloud-cased productivity apps. Moreover, it will also enable the tech giants to acquire a significant market share of India which is projected to grow exponentially due to the swift adoption of cloud infrastructure and services.
Animal Feed – The Daily Requirement of Livestock
BlogAnimal Feed, which also referred to as feed is the food that is grown or developed for livestock and poultry. The state of the modern feeds is the selection of and blending of the different to facilitate the provision of diets high in nutritional content and nutritional values. The main objective is to maintain the health of the animals and increase the quality of such end products such as meat, milk, and eggs, which are in high demand due to the increasing meat consumption globally. Moreover, there are continuous and ongoing improvements and enhancements in the products being offered have resulted from research and initiatives being taken by agricultural researchers and scientists. Moreover, some feeds, which are also used such as pasture grasses, hay crops, silage crops, and other cereal grains specifically for use by animals. Other food crops such as wheat, fruits, vegetables, and roots may be fed to the animals. This is, therefore, increasing the demand for animal feed products is expected to increase the market size over the forecast period.
Animal Feed Market, by Type segment
The quality of the animal feed is improving which, is improving by flowing investments in the food and beverage industry is offered to the animal in three types, which in turn depends upon easily and effectively the animal can consume it, and how much time it takes for the proper digestion of the feed. The three types of hat it is available are explained below.
Fodder
Fodder, which is a type of animal feed product, among two other types available, is used to provide optimum nutrition to the domestic livestock such as goats, cattle, swine, and goats among other animals. The major constituents of fodder include matter derived from plants such as hay, straw, and grains. This type of feed is offered to the animals after the harvesting of the plants. Other types of foods or mixtures can be added to the food to increase the nutritional value and the nutritional content present in it, such as meat and bone among others.
Forage
Forage is a feed that is different from fodder sue to the reason that is the plant matter specifically grown in an area, which is a confined area for the main objective of being grazed upon by the livestock. The major constituents of this type of feed are legumes, grasses, corn, oats, alfalfa among other highly nutritious and other edible plants. So, this act is of animals grazing on the specially grown crops or plant matter in a confined area is called foraging.
Compound Feed
The most commonly and widely used type of animal feed product is the compound feed, which is also referred to as feedstuffs. They are basically, a blend of some additives and mixtures of various types of raw materials, which are specifically developed and formulated to suit the nutritional requirements and needs of a particular animal. The basic firms they are produced in pellets and crumbles. The function and purpose they fulfill are completing the complete needs and requirements of essential vitamins and minerals that must be present in the daily animal diet. Often some additives like extra vitamins and minerals can be added to boost the properties of the feed an aid in effective digestion and absorption.
Product launches and Collaborations in the animal feed market
The livestock owners are getting conscious and starting to give importance to the health needs of the animals to improve their health, and make the production of top quality and cater to the increasing consumption of meat and eggs, thus increasing the demand for animal feed products. This will result in a surge in the animal feed market growth. The market players are highly involved and participating in the market to improve and enhanced animal feed products and to encourage the use of such products among the people. For example, in October 2019, a company Premier Nutrition, based in the UK, announced the launch of their new product, “Premier Atlas”, which is a feed ingredients matrix. The objective of this product launch as to aid the nutrition experts to formulate and develop livestock rations accurately and effectively. In May 2019, Biochem, which is a company involved in the manufacturing of supplements and feed additives for different livestock announced the launch of their product line designed for catering to the ruminant needs called the “RumiPro”.
The product line was comprised of three products, out of which, two products that were renamed, and re-included in the product line. One of the products in the line is called the “Probio-Sacc 2G” that is able to facilitate stabilization of the rumen conditions (which are necessary as rumen is an important part of their digestive system), by utilizing the yeast present in the combination with the hydrolyzed yeasts. As the raw materials have been changed, the product now can facilitate easier microbial fermentation, stabilization of the pH level of the rumen, and increases the digestibility and increased milk production. Lastly, in May 2019, Bayer Animal Health GmbH announced that is has entered into a global research and development collaboration agreement with Nutreco, to augment the development of advanced technologies for animal health and improve the state of animal nutrition industries. The project is aimed to improve cattle health.
Conclusion:
Currently, compound type of animal feed is expected to hold a significant share in this market and is anticipated to witness a fast growth rate in the upcoming years due to the burgeoning demand from livestock owners, in order to improve the health of their animals. With respect to current market trends, it is anticipated that the compound feed mixed with feed additives, and compound feed with enhanced properties for specific livestock. The market of animal feed will flourish in the upcoming years with demand for high-quality meat, eggs, and milk being generated globally in countries like Japan, China India from the Asia Pacific region and other countries in the Middle East region, as it forms an essential part of their diet. The growing need for improving product quality among the livestock owners is further increasing the demand for feed additives. This is one of the major factors, which will continue to play a role in driving this market and will attract a lot of new entrants who will bring new and better changes and enhancement in Animal Feed products. Thus, the market will remain competitive in the upcoming years and it is projected to show modest growth in the upcoming years.
Food Inclusions: You Simply Can’t Bunk Those Small Chunks
BlogSavory or sweet, confectionary or boulangerie, for domestic consumption or for commercial consumption, the chips & nibs, flakes & crunches, liquid, nuts, pieces and powder that we come across while we indulge in our gastronomic endeavors not only enables us to experience the flavorful magnificence achieved by a maestro but aid s us to reach the crescendo of our sensorial pleasures through enhanced textures, rich colors. Edible sparkles, candies, chocolate chips take our experience of celebration to unprecedented heights every year. Bedsides the aspects of texture, color and flavor it also plays another role of increasing the health profile of the main food product especially considering fruits and nuts. Furthermore, to retain existing consumers and woo in the new generation of consumers, food service companies and food and beverage producers are increasingly resorting to a variety of food inclusion.
Secondly, the current generations of consumers have a proclivity to shift away heavily processed food and artificially sweetened beverages and favor the ones that they perceived to be healthy and natural. Besides, the aspects of the global dietary patterns, especially in urban and peri-urban areas have significantly transitioned into veganism and what is being increasingly known as flexitarian. Apart from the aspect of convenience, identity, taste, and value, the has been an increasing consideration of the degree of the ethics that food products resonate and the benefits that one can derive from consuming the food and /or beverage concerned. This is too has led to a change that is taking place in the food inclusion sectors that is leading to growing premiumization of the same.
The response to this demand could be met simply by adding 100 % pure chocolate or by increasing the amount of plant-based inclusions. Speaking of plant-based inclusions there has been a lot of interest in what is known as the fifth taste or the fifth flavor – the umami flavor. Mushrooms have been known to impart this kind of flavor which is being increasingly added to vegetarian and vegan products for that has become increasingly recognized for its meaty- savory flavor. It is a quite common addition to sauces, soups and meat pies. Thus, expanding preferences in food and beverage that spill over the traditional national geographical boundaries, evolving consumer demographics, changing consumption patterns, among others are poised to drive the food inclusions market growth.
The key competitive strategies in the food inclusions market
There also has been an uptick in food inclusions that contribute multisensorial experiences to the consumers. Among them is the preference of filled inclusions that offer a variety of textures and levels of creaminess to the consumer which simultaneously are helping the bakery and confectionary segment as well as the frozen dessert segment to diversify their portfolio of products. Concomitantly the newer varieties of food inclusions are also being carefully considered to ensuring that the nutritional profile of their products does not get affected. Thus, within such expanding market players are increasingly engaging in competitive strategies enabling themselves to be at the forefront of this market. Further, the various acquisitions, expansions and new launches indicated by the instances provided below clearly indicate that the food inclusions market is going to grow during the forecast period augmenting the food and beverage global segment.
Thus, from the aforesaid, it could be discerned with certitude that food inclusions are nor more restricted to the glittery elements of your go-to product to woo in consumers from their respective shelves or web adverts. They have grown into a much functional role that led the product developers to add new kind of inclusions that ranges from seeds, nuts, fruits as well as vegetables. In this manner, the various players in the market are innovating a convenient way to add nutrition to retain the clean label of their products as well as to retain their perception among the health-savvy and value-driven consumers.
Building Analytics System – Saves Energy, Reduces Cost
BlogBuilding Analytics systems are used for analyzing insightful data about building that can be used for optimizing facility energy performance and removing occurring inefficiency in the building. The building analytics market is driving because of high energy consumption by building or infrastructures comprising of major energy consumption share in the world. This software helps in generating important insights related to energy consumption across the entire building infrastructure. It helps in advanced life cycle managed services that deliver automated fault detection, diagnosis, and real-time performance monitoring for buildings. Building an analytics system helps in managing day to day operations of a facility and it provides alerts and notifications. Urbanization and Industrialization have increased the number of smart buildings which do even need smart infrastructure or system to be inbuilt with for better performance and for longer life. The smart building has inbuilt smart sensors and other measuring devices for gathering information regarding the building environment like temperature, humidity level, air pressure, energy consumption, risk analysis sensor, checking maintenance, and many more. These sensors help in deriving data which are further used by building analytics systems for taking out the insights from these data and improvising or optimizing resources accordingly.
The consistently growing urbanization and industrialization across the globe are growing building analytics market share. Major countries of the world are focusing on making smart cities for a better lifestyle and even for the fear of climate change. Countries building smart cities are heavily utilizing advanced technologies for improving infrastructure and building an eco-friendly environment. This, in turn, has increased the demand for building analytics systems as they help in providing sustainable solutions and at less operational cost making them a necessary part of smart buildings.
Building Analytics systems helps in reducing facility operating costs over time by limiting maintenance efforts. They identify issues and problems; overutilization of energy or damages and send through the cloud to stakeholders for accessing automates diagnostic results for instant visibility into the most costly issues of their facility and help them indirectly maintaining the resources accordingly. The internal facility or external vendors are directed to address mechanical issues. The data is further validated to see if the problem was effectively resolved and if not then to provide further attention towards it. The data is even shared with an expert engineer for analyzing diagnostics, tracking progress, and helping him to consult stakeholders in solving the issue.
A rise in demand because of the increasing utilization of building analytics systems is seeing an increase in information communication technology (ICT) market. Making use of sensors and other required hardware for measuring or determining useful information regarding the working of the building. Big construction companies are utilizing this hardware and software for improving the efficiency of infrastructure and maximizing the market for smart buildings with the usage of smart technologies.
Benefits of Building Analytics System are: –
Building Analytics systems helps in improving operations by providing data that can help in lowering maintenance and operational cost. Buildings fitted with sensors provide information from lighting, HVAC, occupancy, electric plugs, and meter help in finding insights with the use of building analytics systems. Proper utilization of this information through the business analytic system will help in reducing operational expenses and take corrective actions in real-time.
Building an analytic system helps in accelerating consistent equipment performance. The data helps in revealing new insights into system performance and energy consumption. The data collected is aggregated and then provides co-related information in a single view. It can help in identifying faulty equipment, the reason for the high costs of certain electric equipment and take corrective actions accordingly.
It provides a sustainable environment where it can help in increasing the usage of clean energy. Building analytics helps in improving sustainable energy efforts on-premises. It can help in controlling air and water pollution for supporting sustainable efforts.
Building Analytics can help in detecting faulty units. Instead of just having monthly checks, building analytics do check-ups to track performance, comfort levels, energy and maintenance data at regular intervals. Wastage of energy in under control by using building analytics systems as it helps the facility manager to pinpoint instances of waste do that temperatures can be adjusted accordingly to reduce energy consumption and ultimately save costs.
Building Analytics systems can provide alerts and notifications on mobile if the user is out for work or out of town. It provides remote monitoring even when the owner is hundreds of miles away. New and advanced building analytics systems provide these services.
Building Analytics systems helps in processing the large volume of data, scalability, faster results, data consolidation, expanding application collaboration, secure multi-cloud mobility, etc. Other technical like identifying broken dampers and valves, impact of broken equipment, identifying unnecessary periods of simultaneous heating and cooling, identifying sensors drifting out of calibration, comparing energy use of one building to other buildings present in the same campus, comparing similar equipment, like chillier or boilers within a plant for determining efficiency, analyzing current energy spend and predicting the future consumption and cost, etc.
Various Uses of Building Analytics System: –
Building analytics are majorly used in commercial and industrial infrastructure. The growing construction of the smart building for offices, hospitals, schools, universities, factories, and government institutions is increasing the building analytics market. As it helps in substantially reducing energy consumption, saving the cost of operations, and reducing energy wastage. It allows predicting issues and resolving them before they turn into real problems. In a commercial building, it helps companies to reduce operating costs and increase usage of energy efficiently. In industrial or in factories it helps in reducing risk and hazard combined with energy efficiency. Factories tend to use these building analytics for providing safety to workers and to foreseeably determine the faults in equipment so that they don’t have to stop the manufacturing or production process. As it will make producers incur heavy losses. Building analytics systems are increasingly used in the residential purpose for providing residents protection, and a safe environment. Increasing smart cities is also raising the demand for building analytics in residential infrastructure.
Building analytics by applications are used for security management, fault detection, and monitoring, energy management, parking management, and others. Majorly building analytics systems is used for energy saving and reducing operating costs. Building analytics provides connected products across the building for optimal performance and comfort. Helping in providing future-ready buildings and ensuring new technology expansions be easier to adopt and implement. Simple integration across systems and easy access to IoT devices helps in keeping a check and to control all devices by one platform. Building Analytics System market to see huge growth in demand in the coming years due to mass urbanization and industrialization across the world.