Electrical & Electronics Industry - Market Research Report

Burner Management System Industry Overview The global burner management system market size was valued at USD 5.05 billion in 2018 and is anticipated to register a CAGR of 6.1% from 2019 to 2025. BMS is a safety system used for ensuring that process burners safely start-up, operate, and shut down. Burner management systems are being increasingly adopted across a wide range of industries to improve plant operations by providing reliable and safe burner operations, thus reducing maintenance costs, ensuring improved safety, and a safer work environment for plant operators. These factors are expected to continue to drive the growth of the BMS market.   Gather more insights about the market drivers, restrains and growth of the Global Burner Management System Market   The growing rate of development of the industrial sector worldwide is expected to drive the applications of BMS in boiler processes. The rise in government regulations and legislations supporting the installation...

  Engineering Services Outsourcing Industry Overview The global engineering services outsourcing market size was valued at USD 1.06 trillion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 22.9% from 2021 to 2028. The increasing collaboration between Engineering Service Providers (ESPs) and Original Equipment Manufacturers (OEMs) is expected to emerge as one of the primary factors contributing to the growth in the adoption of engineering services outsourcing (ESO). The globalization of R&D activities, the rising demand for integrating the latest technologies in the product offerings, and the growing need to shorten the product lifecycles and cut costs are also expected to contribute to the growth of the market. The ESO market has been evolving continuously in line with the strong emphasis of the clients on outsourcing various services as part of the efforts to cut costs. The ESO model has also been evolving accordingly to deliver smart solutions ...

  Point-of-Sale Terminals Industry Overview The global point-of-sale terminals market size was valued at USD 85.16 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 8.5% from 2022 to 2030.  In 2020, the COVID-19 pandemic negatively impacted the overall market growth due to supply chain disruption and end-user revenue loss. Nevertheless, as the severity of the virus subsided, several end-use industries were seen moving towards cashless and contactless payments. As a result, increased usage of contactless payments has encouraged the adoption of mobile POS (mPOS) terminals in order to accept contactless payments directly through customers’ smartphones. The growing prominence of mobile POS terminals has provided avenues for market growth. The ease of use and improved Return on Investment (ROI) offered by these systems has favorably impacted the market. Also, the rising need for employee and customer management, invent...

  System Integration Industry Overview The global system integration market size was valued at USD 327.70 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 13.2% from 2022 to 2030. The rising advancements in cloud technologies, increasing use of the Internet of Things (IoT), and rising investment in distributed information technology systems (telecommunication networks and real-time process control), are a few factors contributing to the growth of this industry. The COVID-19 outbreak has thrown light on weakness in business models across verticals. However, it has offered several opportunities to digitize and expand the business across regions by adopting technologies such as cloud, Artificial Intelligence (AI), and IoT. With the considerable control achieved over the pandemic, various sectors such as retail, manufacturing, and automotive, are expected to witness rising investments as system integration solutions grow in prominence...

  Smart TV Industry Overview The global smart TV market demand stood at 268.9 million units in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 20.8% from 2021 to 2028. A continuous surge in the use of streaming devices, coupled with the rising internet penetration is driving the market growth. Moreover, the shift in consumer preference in recent years has significantly contributed to revenue generation. The accelerated demand for smart TVs has paved way for lucrative opportunities for content providers to venture into the Over the Top (OTT) space, which is allowing them to distribute original content via the internet. Also, numerous industry players are collaborating with streaming media player manufacturers to expand their portfolio and enhance their visibility. All these factors are projected to contribute to market growth in the near future. Gather more insights about the market drivers, restrains and growth of the Global Smart TV Market The indus...