Animal 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.
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.
Plastic Additives – The Pioneer in Enhancing Product Quality
BlogPlastic Additives are defined as the additive materials that are added in the various plastic polymers with the basic purpose of enhancing their properties and improving their performance. The types of plastic additives used also depend on the application the plastic is being used for. The plastic additives are used in a plethora of industries such as in automotive, construction, packaging, transportation, and others for a variety of purposes.
There are different types of plastics that plastics additives are used to improve their properties. The plastics include polyvinyl chloride (PVC), which is a type of thermoplastic material. In addition, plastic additives are used for enhancing the properties of other plastics such as polyethylene, polyurethanes, polyamide among other plastics.
Plastic Additives Market, By Type Segment
Plastic additives are gaining popularity quickly due to the various functions they are able to perform in order to upgrade and enhance the properties of plastic materials. Different types of these proteins are used to enhance the properties of plastics or to provide the plastics adequate protection such as flame retardants, antioxidants, biostabilizers, antistatic agents, plasticizers, fragrances, and others. plastic additives cater to end-user industries like Chemicals and Materials and Manufacturing among others. The sub-segments under type are discussed below.
Biostabilizers
Biostabilizers are a type of biological additives that are added to the plastics of different types of plastics such as PVC, polyethylene among others in order to prevent the degradation of the plastic and to help it retain its properties and quality.
Antistatic Agents
The addition of antistatic agents to polymers in order to minimize the build-up of static electricity/charge in plastic materials is important. Due to the build-up of static charges in the surface hampers the processing procedures and can pose serious hygiene and aesthetic issue. There are both internal and external antistatic agents. With external antistatic agents, the procedure followed is coating the plastic via spraying or through the immersion method. The internal antistatic agents migrate to the surface after being mixed in the polymer. Conductive fillers are also used to solve the purpose of antistatic agents. These properties of the antistatic agents are increasing the demand for plastic additives and bolstering the plastic additives market growth.
Antioxidants
To inhibit the degradation of plastics that is caused by thermochemical r thermomechanical oxidative conditions. Antioxidants are able to elongate the product's life, coupled with enhancing the appearance and the maintenance of the properties such as strength, stiffness, and flexibility. The most commonly used antioxidants include amines, phenolics, phosphites, and thioesters.
Flame Retardants
Flame-retardants are a group of various chemicals, which are added to the plastic materials. The activation of the flame-retardants is carried out through the presence of an ignition source. Their purpose is to slow down or prevent the further development of ignition by different chemical and physical methods. They may be added as a copolymer during the process of polymerization of plastic or at a later stage as a surface finish material. The flame-retardants are of two types reactive and active, both of which are further divided into classes such as minerals, organophosphorus compounds, organic compounds, and organohalogen compounds
Plasticizers
These are referred to as the additives for plastic, which are most commonly phthalate esters in different PVC applications. Approximately 90% of the existing plasticizers are used as additives for PVC. When they are used in this plastic material, they provide the material with increased flexibility and durability. The most important uses they find are in cables and films. For the plastics such as polyvinylchloride (PVC), the more the amount of the plasticizer is added the lower the cold flex temperature is. The presence of the plasticizers in plastic materials is able to facilitate the improvement of characteristics such as increase n flexibility and durability. Moreover, plasticizers make it possible, for the chances of achieving improved compound processing characteristics, thereby improving the quality of the end-use product. The Ester plasticizer is one of the most commonly used plasticizers, as it is able to provide good performance as per its price.
Product Launches in Plastic Additives Market
The number of industries that are making the use of plastics is getting increasingly concerned about the quality of the end-use product, which is driving them to demand plastic additives in order to improve the product and enhance its overall properties. This is a factor, contributing to the increase in the plastic additives market size. Moreover, the market players are highly involved and participating in the market to improve and enhanced Plastic Additives products and to encourage the use of such products among the people. For example, recently on February 13, 20202, Sumitomo Chemical Co. Ltd., has announced that they have successfully developed two new grades of epoxy resins, which have characteristics such as enhanced viscosity, which has the ability to facilitate easier processing. They also have developed a new grade of polyethersulfone (PES), which is a type of thermoplastic material. The purpose of the PES additive is to boost the fracture toughness and resistance to micro-cracks for the carbon-fiber-reinforced epoxy composites. The launch of these products was specifically to cater to the aerospace industry, which requires stiff, lightweight and strong materials that can handle rapid changes in the temperature, can withstand exposure to chemicals and provide long service life with enhanced resistance to fatigue.
Conclusion:
Currently, plasticizers and antioxidants of plastic additives 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 the chemical and materials as well as the manufacturing industries. With respect to current market trends, it is anticipated that the fragrances type of additives for plastics will flourish in the upcoming years with demand being generated owing to the high amount of usage in the manufacturing and packaging industry. There is a growing need for a well-developed and good-quality product, which has good durability among other characteristics. This is one of the major factors, which will continue to play a role in driving this market. In addition, it will attract many new entrants who will bring new and better changes and enhancement in plastic additives. Thus, the market will remain competitive in the upcoming years and it is projected to show modest growth in the upcoming years.
Digital Substation – The Holy Grail of a Sustainable Power Generation Business
BlogThe increasing demand for renovating existing electrical networks along with rising investments in the grid infrastructure is expected to drive the market for digital substations across the world. Furthermore, the constant research and development have facilitated the availability of advanced technologies that have paved a way for a more transition, thus reaffirming the Digital Substation Market growth. Further, the emerging countries are increasingly inclined to broaden the distribution of electricity in their respective countries thus paving the way for more increased opportunities for livelihood generation. The aforesaid, along with the need for expanding the existing network in these countries are expected to increase the Digital Substation Market share.
The Digital Substation refers to electrical substations wherein intelligent electronic devices (IEDs) interconnected by communications networks aids in the execution of everyday operations as well as its management. The genesis of this advancement stems from the introduction of the microprocessors in substation components viz. protection devices, to enhance their functionality. Therefore, delivering improved accuracy and stability. Later communications ports were incorporated which were later refined into today’s version that has provided a connection to SCADA equipment and substantially reduced hardwiring. In terms of design, engineering, installation, and operation, the digital substation has given rise to major benefits such as accommodating modifications, reduction of wires and cable and thus reduction of costs and the integration of diagnostic capabilities that upholds the integrity of the system.
Being an integral component of power grids, substation aids in connecting grids of differing voltage levels and also aids in the functioning of coordinating and controlling thereby ensuring the sustenance of the entire system. Furthermore, the increasing inclination to reduce the carbon footprint of various energy-producing installation across the world has led to the transformation of substation into a digital substation that has emerged as an urgent need in the energy and power sector. Moreover, power generation sources become increasingly distributed, sporadic and unpredictable which results in ensuring high levels of control to uphold system performance. This has been made possible by digital substations which have brought about grid automation technology resulting in reduced life cycle cost, enhance safety and greater efficiency than its analog predecessors.
Key developments brought about by major players in this market
In 2017. ABB (NYSE: ABB) a Swiss-Swedish multinational corporation headquartered in Zurich, Switzerland, with operations mainly in automation technology areas, heavy electrical equipment, power, robotics installed a 110 kilovolt (kV) digital substation in Kerala’s Technopark, one of the largest information technology parks in India, to increase reliability, efficiency, and safety of power distribution. It was also reported that this digital substation will facilitate efficient power management but turning real-time data into actionable intelligence. A key component of the digital substation is ABB’s standalone merging unit that is manufactured to withstand the harshest environment. Again, in February 2020, the same organization completed a 500-kV digital substation for a 475-MW solar park owned by Enel Green Power Brasil Participacoes Ltda (EGPB). It is the first of its kind in the world. This installation will enable the local arm of Italian energy giant Enel SpA (BIT: ENEL) to supply electricity from its Sao Goncalo photovoltaic (PV) plant located in Piaui state. The substation also incorporates fiber optics instead of copper wires, ensuring quicker response times, maintenance and service, and increased system availability.
On the other hand, in September 2019 it was announced that along with Norwegian distribution system operator Glitre Energi Nett, Siemens will build a digital substation. This installation will be the first to integrate the Internet of things (IoT) analytics and applications for power grids. Siprotec protection and control, which is IoT ready and Sicam automation devices will be connected via OPC UA PubSub that is an open standard communication protocol to Siemens cloud-based open operating systems for IoT called MindSphere. The Spirotec dashboard cloud application will make data that was previously inaccessible, fully accessible, and of the first time would help to process grid data in the cloud with zero engineering effort. Additionally, the first digital substation in Africa was concluded in 2017, Zambia by GE Sub-Saharan Africa to improve the transmission infrastructure of the region.
In November 2019 Manila Electric Co. (Meralco) installed its third digital substation within the premier township development of Robinsons Land Corp. (RLC) that connects the cities of Pasig and Quezon City. The forts two were set up in Valencia, San Juan, and the Philippine Amusement and Gaming Corp. in Manila. The Manila-based public power distribution company also envisaged retrofitting it with another analog substation.
Prospects and trends
The market of APAC is expected to significantly grow at a high rate due to the expanding power distribution network in emerging economies like India, Indonesia, Malaysia, Singapore, and Taiwan. Furthermore, North American region is set to witness a significant surge in the Digital Substation Market share due to the presence of well-established companies operating in the space. Further around the world, there is a significant proportion of the population who doesn’t have access to electricity. This indicates a demand for energy connection that is going to drive the growth of Digital Substation Market in the coming years. The digital substations are increasingly gaining currency as age-old installations are recognizing the benefits as well as due to the availability of new, high-performance digital sensors and stand-alone merging units that can be installed with ease. Further by replacing electro-mechanical, static, and / or date digital secondary equipment with modern numerical devices bundled to a real-time communication network is also another factor for the adoption of digital substations.
Access to energy and the sustenance thereof is also one of the top priorities of regions across the world. In view of the above, the benefits of refurbishment and installing digital substations also contributes to the insurer of the Sustainable Development Goal 7: Ensure access to affordable, reliable, sustainable and modern energy for all.
Data Center Physical Security – The Essential Security Measure for Data Center Infrastructures
BlogData Center physical security is a type of physical or virtual infrastructure that mainly has enterprises application for accommodating different types of computers, servers, and networking systems along with components. The need for such setup stems from the increasing requirement for storing and processing high volumes of data for the convenience of the clients. An extensive backup power supply and cooling system are required datacenters. Due to the critical nature of data stored in the datacenter the maintenance of security of the data centers is of utmost importance to prevent damage caused due to various threats that can disrupt the business activities. Major security solutions, which are being deployed by enterprises for ensuring the physical security of Data Centers are through the means of video surveillance through cameras, access control systems, perimeter security among others.
The rising adoption of Data Center physical security devices is due to the growing number of data center facilities, research, and development in the technological advancements of devoices pertaining to the security of data centers. Moreover, setting up data centers by the Government and the utilization of data centers by the Banking, financial services and insurance (BFSI) sector too will fuel the growth of data center security devices. The growth of cloud computing, increasing adoption of virtual currency and Big Data analytics too has also led to the demand for Data Center physical security market.
Today’s ICT industry nictitates a healthy functioning data center. Thus, its functioning encompasses data center storage solutions that generate gargantuan bytes of data each minute that needs data center storage solutions. Further, to reduce infrastructural burdens, many data centers and managed service providers (MSPs) have transitioned to a software-defined data center (SDDC) service model that puts the virtualization technologies to abstract processing hardware into software from. Plus, hybrid cloud deployment, edge computing, and artificial intelligence have altogether made the data center far more complex than the clichéd image of a room packed with servers. Thus, this complexity has given rise to an array of technologies and practices that are increasingly being used to protect a facility's physical infrastructure and network systems from external and internal threats. The simpler explanation of data center security is preventing unauthorized access. The data center security systems implementation is two-pronged. One aspect includes systems to be integrated like locked access points, surveillance systems, as well as security personnel and controls like access lists, policies and rules, and regulations that are put in place for effective management of the systems with which the data centers are managed. Here a few of the widely used systems that are installed in data centers will be visited and briefly familiarized with.
A Few Solutions Pertaining to Data Center Physical Security
Video Surveillance
Among the various types of physical security technologies that have been known so far video surveillance is still the most widely known and implemented means of data center security. A full pan, tilt, and zoom enabled Closed-circuit television cameras (CCTVs) is capable of constantly monitoring the exterior access points, interior doors as well as data floor itself. The footage recorded by the cameras is digitally backed up and archived offsite to prevent any unauthorized tampering of the footage. To this end, in February 2020, the renowned innovators in integrated video and access control cloud services, Arcules, announced that Arcules-XProtect Hybrid VMS Solution will be commercially made available in North America and Europe. The solution encompasses Arcules Video Surveillance as a Service (VSaaS), and Milestone XProtect Corporate on-premise video management software (VMS) integrated with each other. Thus, transforming it into a hybrid solution that is a feature-rich flexible solution that is best suited for organizations that intend to centralized their dispersed video surveillance operations. The availability of this product outside the North American and European markets is subjected to possibilities of the market conditioned by data center availability.
Monitoring Solutions
Network performance and security are essential in today’s business world just like the importance of a sound economic policy that keeps the country running, because of the simple fact that business is increasingly relying on IT infrastructure in order have that comparative edge in the market to deliver memorable consumer experience simultaneously ensuring repeat customers. Digital security measures like the basic firewall to measures like Intrusion Prevention System (IPS) and Advanced Threat Protection (ATP) are implemented by many data center administrators. In view of the above FortiGate 1800F Next-Generation Firewall (NGFW) was launched by Fortinet, a global leader in broad, integrated and automated cybersecurity solutions. The firewalls are powered by NP7 the orientation seventh-generation network processor that enables the user to achieve unparalleled detection, enforcement capabilities, performance, and scale. This introduction is also in response to the extraordinary demands of data center security concomitantly enabling a Security-Driven Networking approach. Further, the development of hyper-scale architecture with enterprise-level data centers is emerging as a necessity due to the unprecedented scale, availability and application delivery requirement. Fortinet’s NP7 network processor is capable of enabling organizations the ability to develop and segment services, manage internal and external risks simultaneously preserve user experience. This addition to the Data Center physical security market has set a new yardstick for data center physical security devices.
The Sum of all Tiers
The large business and enterprise opt for data centers with Tier III or higher ranking to install their servers because of these data centers unlike the Tier I and II data centers, offer top quality redundancy i.e. in case of any unforeseen outages it will be still a business-as-usual day for them. Additionally, in recent years there have been drastic changes in the manner in which enterprise data centers are designed and implemented. Driven by the ever-growing business transaction, adoption of cloud computing and virtualization technologies, businesses around the world now can enable themselves with infrastructure scale and elasticity, among others that would ensure minimization of cost and faster deployment of services, which in turn will make the ICT industry even more competitive. Thus, with such conveniences comes to their own sets of threats that have necessitated the securing the data centers even more in the face of much-publicized fatal breaches and cyberattacks. To this end systems and solutions brought about by Data Center, the physical security sector is increasingly being adopted.
Smart Healthcare Devices – Revolutionizing Healthcare Through Life-Changing Experiences
BlogThe smart healthcare devices market has expanded to unprecedented proportions in recent years, and with technology developing at a rapid, its effects are set to impact the market. Furthermore, the United Nations Sustainable Development Goal No. 3 (SDG – Goal 3) is to ensure healthy lives and promote well-being for all at all ages. This also forms as a rationale for bringing about new and improved means of effective and continuous healthcare monitoring. The growing incidences of busy work schedules, increased usage of remote devices, sedentary lifestyle, technological advancements in healthcare monitoring devices, are some of the important factors fueling the growth of the smart healthcare devices. Some of the major players in this market are Abbott Laboratories, GE Healthcare, Healthcare, Honeywell International Inc., Life Watch, Omron, Philips Healthcare, Siemens Healthcare and so on.
Moreover, the Fourth Industrial Revolution is gaining a lot of currency and smart healthcare devices are at the zenith of rapid innovation and development. Furthermore, the increasing integration and interconnectedness with other commercial smart devices are enabling the smart healthcare devices market. Guided by increasing demand of consumers to monitor their health, and evidenced by the inclusion of FItBits and wearable blood pressure monitors in the zeitgeist the future of the smart healthcare devices certainly looks promising. The implications of the smart healthcare devices market on global healthcare delivery will be looked into.
So, what exactly are smart healthcare devices! In general, the term refers to medical devices that are portable as well as wearable which has been made possible by the miniaturization and the enhanced wireless connectivity. The wide range of devices can be subsumed under this category of products are inclusive of but not limited to smartwatches, activity monitors, smart clothing and wearable patches. Moreover, a variety of players that ranges from legacy players to startups who have entered this space have made it possible for these devices to be applied in an ever-growing field of healthcare. The applications scope includes diagnostic and monitoring, injury prevention or rehabilitation, treatment. Smart healthcare devices have become lifesaving.
Smart Healthcare Devices – Key Developments
In February 2020, the Israeli based Cardiovalve announced that the U.S. FDA has granted a breakthrough device designation for its transcatheter system that is intended to replace regurgitating Mitral and Tricuspid valves, using a transfemoral – transseptal approach.
In January 2020, a California-based startup Cognita Labs has won FDA clearance for its first device, a smart cap called CapMedic, for inhalers used by people with asthma, chronic obstructive pulmonary disease, and other respiratory disorders. The device is positioned on top of the inhaler and a sensor is housed in the device that collects data for remote patient monitoring and guides users. While the product has significant competitors in the smart inhaler segment, it has certain competitive advantages over other such products.CapMedic is the first one to communicate directly with patients enabling then to use inhalers more effectively.
In January 2020, California based Mojo Vision is in the research and development phase of developing a smart contact lens with a built-in display that will provide beneficial patient information to prevent loss of focus. The device will provide real-time contrast and lighting enhancements along with zoom functionality. The smart contact lens is expected to allow a hands-free experience and provides an enhanced functional vision to support reading, sighting, and mobility.
In January 2020, San Diego, US, based VisionTree Software was acquired by German-based digital technology company Brainlab for an undisclosed amount. The former is known for its cloud-based and patient-centric data collection and health management solutions. Brainlab software is involved in critical treatment workflows to produce an array of structured, validated, digital data. With this acquisition, Brainlab will now have access to tools and standardized forms to gather granular and well-structured outcomes data directly from patients who have consented the data collection.
In July 2019, the French firm Biocorp has entered into exclusive negotiations to connect its Mallya device with pharmaceutical company Sanofi’s diabetes care platform. Mallya smart sensor cap that can be clipped onto an insulin injection pen for automatic recording and the transmission of dosage information. It is a part of the firm Biocorp’s connected devices portfolio. As per the terms of the negotiations struck between the two organizations Biocorp would receive a payment of €4m to support related development activities.
Key outcomes and future trends
Thus, with the developments evidenced above the devices are expected to incentivize patient adherence and, as a result, reduce hospital readmissions which result from poorly managed health. It will also help in freeing up time for health professionals and saving costs incurred by the healthcare industry. The data sets that are gathered through the means of such devices will help in the expanding fields of healthcare that are still under research and development and clinical trials. Further, the growing demand for Internet-of-Things (IoT) in home healthcare will drive the smart home healthcare market during the forecast period.
The wireless segment of this healthcare industry is projected to grow even further during the forecast period due to the associated convenience that it offers. The smart home healthcare segment also includes devices like the fall prevention detection system that consumers are increasingly preferring to install in their homes due to the reported cases of accidents that occur in the home as well as due to the growing population of old age. The North America and APAC market will augment the growth of this market due to the dynamic IT sector that is facilitating the key development, rising disposable income making adoption of the smart healthcare devices affordable. To sum it up the market prospects of smart health care devices are vast since, for individual user’s smart healthcare devices can facilitate better health self-management. For medical institutions smart health care can achieve unified management of materials and information, improve the patient's medical experience, reduce costs and relieve personnel pressure.