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Visual Search Technology Market Size 2020 Emerging Trends, Development, Technology, Benefits, Application, Trends, Growth, Opportunities and Worldwide Forecast to 2025

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Visual search is changing the face of machine learning and artificial intelligence with a potential to reform how consumers buy and find products. By streamlining the method of search, organizations can move closer to instant gratification that most customers demand. With help of studies, it is observed that more than 60% of millennials desire the convenience of visual search over any other novel technology and the likes of Google, Pinterest and Amazon have already developed substantial capabilities in this field.

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“The future of search will be about pictures rather than keywords,” stated Pinterest CEO, Ben Silbermann. And with so much consumer and brand weight behind it, it’s no surprise that visual search promises to be a breakout trend of 2019.

The accuracy of visual search has improved as image recognition tools have access to big training sets of images, and visual search engines learn about the implicit questions users ask when submitting images. This has created a virtuous cycle, where more people use visual search, which in turn creates more accurate visual search tools.

Mobile visual search has gained high popularity in APAC, especially in Japan, China and South Korea where it is used in online fashion stores. Not only this, visual search engines are also used as tools for mapping, concept generation and outlining. Top global visual search providers are slowly and steadily announcing their products in the emerging countries of Asia like Indonesia and India due to their enormous market potential.

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Application of visual search technology includes baggage scanning, security screening, electronic component manufacturing, navigation systems and in retail for jewelry and clothing. Since past few years, the market had witnessed a huge growth in varied end-users mainly aviation, automotive OEMs, e-commerce, electronics, forestry and many more. Currently, e-commerce dominates other all end-users segment and is anticipated to remain the same in the forthcoming years. Growing rate of investments in visual search technology coupled with higher adoption of visual search engines is projected to propel the visual search market.

Market Research and Market Trends of Visual Search

Currently, the visual search engines are witnessing significant demand due to its increasing applications in retail and e-commerce sectors. This is mainly due to the capabilities of visual search which identifies an image accurately using advanced machine learning and AI technology

Companies’ huge investments, joint venture and partnerships activities in this market lead to the exchange of methodologies and technology for new developments of these visual search engines which is likely to boost the global visual search market.

Many research and development activities to increase the efficiency of visual search machines are being undertaken which is enhancing the market growth. The integration of machine learning with visual search engines has improved the image processing drastically.

Some of the prominent key players operating the visual search technology market are Google (U.S.), Slyce (Canada), Clarifai (U.S.), Veritone (U.S.), ViSenze (Singapore), Ever AI (U.S.).

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Analyst Commentary:

Tech giants such as Microsoft, Google, AWS, IBM, and Baidu are investing relentlessly in new technological advancements. In 2016, an investment of around USD 30 Billion was made with more than 90% on the R&D activities and remaining 10% on the merger and acquisition activities. Moreover, seed investment, venture capital investment and private equity financing also grew substantial amounting to a total of over USD 6 Billion.

The development of the deep learning algorithms and machine learning and technological advancement are also major driving factors for the AI in retail market. Machine learning is projected to propel in AI in retail market at more than 40% CAGR. The growth is also driven by higher adoption of technology by the retailers to offer improved customer experience and provide personalized shopping experience to the customer.

Technological advancements around visual search have been making rounds in 2018. It remains a tiny fraction of total search volume, perhaps topping 1 billion monthly searches, compared to hundreds of billions of text searches. Even so, growth has been strong, with Pinterest, for instance, seeing monthly visual search jump from 250 million in February 2017 to 600 million in February 2018. The move towards visual search is not going unnoticed.

Images are returned for more than 15% of search queries on Google. There are over 600 million visual searches on Pinterest each month. Image-based Pinterest Ads have a very conversion rate, almost 8.5% and Pinterest is projected to clear nearly USD 1 billion a year in ad revenue by 2020. The image recognition market is expected to grow to USD xx.xx billion by 2019. By 2021, early adopter brands which redesign their websites to support visual and voice search will increase digital commerce revenue by nearly 30%.

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About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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Heat Exchanger Market : Industry Analysis and Forecast (2017-2024)

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Global Heat Exchangers Market is expected to reach USD 26.55 Billion by 2024 from USD 13.93 Billion in 2016 at a CAGR of 8.4%.

1MMR

Surge in power requirement for commercial and non-commercial purposes, and increase in population and economic growth in the developing nations are of the factors driving the market growth. Technological development in heat exchanger and growth have a impact on the heat exchanger market such as the development of waste heat recovery heat exchangers and the introduction of exhaust gas recirculation coolers. Fluctuating prices of raw material may hamper the growth of the heat exchanger market.
Global Heat Exchangers Market

Heat exchangers market based on type has been segmented into shell & tube, air cooled, plate & frame and others. Shell & tube type heat exchanger segment is is most popularly used exchanger.Shell & tube heat heat exchanger offers high surface are with high efficiency and performance. Heat exchangers are widely accepted equipment owing to its eco-friendly and energy-efficient properties.

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Chemical, petrochemical and oil & gas, food & beverage, paper & pulp, power generation and others. Chemical segment dominates the heat exchanger market. Heat exchanger in chemical industry is used for heating, cooling , steam generation and heat transfer. Heat exchanger is commonly used in synthesis flow process of various derivative chemical. Chemical segment is followed by oil & gas industry.

Geographically, the heat exchangers market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America is expected to hold largest shares of the market during the forecast period. This is due to the large installed plant capacities of heat exchangers and it is an export-based heat exchangers market.

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Scope of the report:

Heat Exchangers Market, by Type:
• Shell & Tube
• Air Cooled
• Plate & frame
• Others

Heat Exchangers Market, by Application:
• Chemical
• HVACR
• Petrochemical and Oil & Gas
• Food & Beverage
• Paper & Pulp
• Power Generation
• Others

Heat Exchangers Market, by Geography:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

Key Players Analysed in the Report:

• Alfa Laval AB (Sweden)
• Danfoss A/S (Denmark)
• Kelvion Holdings Gmbh (Germany)
• SPX Corporation (US)
• API Heat Transfer Inc. (US)
• Xylem Inc. (US)
• Gunter AG & Co. KG (Germany)
• Hindustan Dorr-Oliver Ltd. (India)
• Hamon & Cie International SA (Belgium)
• Hisaka Works, Ltd. (Japan)

MAJOR TOC OF THE REPORT

Chapter One: Heat Exchangers Market Overview

Chapter Two: Manufacturers Profiles

Chapter Three: Global Heat Exchangers Market Competition, by Players

Chapter Four: Global Heat Exchangers Market Size by Regions

Chapter Five: North America Heat Exchangers Revenue by Countries

Chapter Six: Europe Heat Exchangers Revenue by Countries

Chapter Seven: Asia-Pacific Heat Exchangers Revenue by Countries

Chapter Eight: South America Heat Exchangers Revenue by Countries

Chapter Nine: Middle East and Africa Revenue Heat Exchangers by Countries

Chapter Ten: Global Heat Exchangers Market Segment by Type

Chapter Eleven: Global Heat Exchangers Market Segment by Application

Chapter Twelve: Global Heat Exchangers Market Size Forecast (2019-2026)

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Global Neurovascular Devices Market : Industry Analysis and Forecast (2017-2026)

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Global Neurovascular Devices Market was valued US$ 1.95 Bn in 2017 and is expected to reach US$ 4.34 Bn by 2026, at CAGR of 10.52% during forecast period.

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Advancement of innovative technology has led to significant demand for procedures with minimum invasion. Slightly invasive procedures offering benefits to the patients including decreased pain, less blood loss and cost-effectiveness will increase adoption of neurovascular surgeries, these factors will also help to accelerate neurovascular devices market growth.

Furthermore, Technological advancements in neurovascular devices will help as a high impact rendering factor for neurovascular devices industry growth. Additionally, a growing number of cases of a brain aneurysm and ischemic stroke across the U.S. will be a major factor driving market growth. Ischemic stroke is the highest occurring subtype of stroke in the U.S. and stroke is the fourth leading mortality factor. According to The American Journal of Medicine, approximately 795,000 strokes occur each year in the country. With increasing geriatric population across the country, the burden of ischemic stroke is rapidly rising that will result in substantial demand for neurovascular devices over the upcoming years

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At the same time, the greater cost associated with neurovascular devices and treatment can reduce the adoption and customer preference for the devices. Furthermore, challenges pertaining to commercialization of neurovascular devices due to lack of resources and proper business environment across emerging economies may restrict neurovascular devices market growth in the foreseeable future.

Based on type, Embolic coils product segment accounted for the largest market size of USD XX million in 2017. Minimal invasion, shape and size flexibility these benefits offered by embolic coils will contribute to the segmental growth. Embolic coils are cost-effective and offer sub-optimal angiographic results. With increasing patient suffering from a brain aneurysm, neurovascular devices market will foresee a remarkable increase in demand during the forecast period.

Among the regions, Asia-Pacific holds the largest share of neurovascular devices market, in 2017. This region is expected to continue its dominance during the forecast period. North America accounted for the largest market share of the total market in 2017 and is expected to hold the top position over the forecast period. Key factors driving this growth include favorable reimbursement structure, especially in the U.S., extensive R&D investments, and wide product usage by neurosurgeons supported by the availability of advanced technologies with higher efficiency and reliability. The Asia Pacific is the fastest-growing region, with India and China on the forefront. Major revenue contributor in this region is Japan, which is anticipated to maintain dominance during the forecast period, on account of increasing awareness about neurovascular diseases and its management.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding the global neurovascular devices market dynamics, structure by identifying and analysing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global neurovascular devices market.

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Scope of Global Neurovascular Devices Market:

Global Neurovascular Devices Market, By Type:

• Cerebral Embolization and Aneurysm Coiling Devices
o Embolic Coils
o Flow Diversion Devices
o Liquid Embolic Agents
• Cerebral Angioplasty and Stenting Systems
o Carotid Artery Stents
o Embolic Protection Systems
• Neurothrombectomy Devices
o Clot retrieval Devices
o Suction Devices
o Vascular Snares
• Support Devices
o Micro Catheters
o Micro Guidewires

Global Neurovascular Devices Market, By Therapeutic Application:

• Stroke
• Cerebral Artery Stenosis
• Cerebral Aneurysm
• Others

Global Neurovascular Devices Market, By End-user:

• Hospitals
• Clinics
• Ambulatory Surgical Centers
Others

Global Neurovascular Devices Market, By Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Key Players Operated in Market Include:

• Stryker Corporation
• Medtronic plc
• Johnson & Johnson
• Terumo Corporation
• Penumbra, Inc.
• Abbott Laboratories
• Merit Medical Systems, Inc.
• W. L. Gore & Associates, Inc.
• MicroPort Scientific Corporation

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MAJOR TOC OF THE REPORT

Chapter One: Neurovascular Devices Market Overview

Chapter Two: Manufacturers Profiles

Chapter Three: Global Neurovascular Devices Market Competition, by Players

Chapter Four: Global Neurovascular Devices Market Size by Regions

Chapter Five: North America Neurovascular Devices Revenue by Countries

Chapter Six: Europe Neurovascular Devices Revenue by Countries

Chapter Seven: Asia-Pacific Neurovascular Devices Revenue by Countries

Chapter Eight: South America Neurovascular Devices Revenue by Countries

Chapter Nine: Middle East and Africa Revenue Neurovascular Devices by Countries

Chapter Ten: Global Neurovascular Devices Market Segment by Type

Chapter Eleven: Global Neurovascular Devices Market Segment by Application

Chapter Twelve: Global Neurovascular Devices Market Size Forecast (2019-2026)

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Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

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Global Gunshot Detection System Market : Industry Analysis and Forecast (2017-2026)

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Global Gunshot Detection System Market was valued US$ 920.2 Mn in 2017 and is expected to reach US$ 7120.7 Mn by 2026, at CAGR of 29.2% during forecast period.

1MMR

The major growth drivers of the gunshot detection system market include the rise in demand for advanced security systems, increasing demand for security in various industry verticals, and rising criminal activities in urban areas. In addition, Increased incidences of gun-firing, especially at school premises, have led to various security measures, such as warning people in close proximity and alerting authorities to the location of the shooting all these factors will drive the growth of Gunshot Detection system market during the forecast period. Increasing government initiative side has led to the growth of the Gunshot Detection system across the globe. The latest trend for smart cities across the globe is resulting in the quantitative increase in demand of Gunshot across the nation.

Growing investment in border security is also likely to drive the market growth in the coming years, as gunshots systems can help border security forces to detect and stop any attempts of smuggling, infiltration, and illegal immigration. Also, with a little amendment of the system, it might be possible for the manufacturers to help forces identify criminals and detect illegal entry even in the absence of gunshots. Various law enforcement agencies across global are now deploying various strategies in order to control the increased incidents related to the mass shooting, which will further increase the demand and interest in advanced gunshot detection technology.

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At the same time, the factors that are limiting the market are the scarcity of gunshot detection professionals, the high installation cost of gunshot detection systems. Also, worldwide financial uncertainty and macroeconomic situations such as currency exchange rates and economic difficulties are some of the major challenges which are hampering the growth of Gunshot Detection System Market.

Based on the installation, the vehicle installations segment is expected to account for the largest share of the gunshot detection system market over the period. The growth in the vehicle installations segment is due to the upgradation of existing armored vehicle fleets. The increasing delivery of new armored vehicles is also leading to increasing demand for armored vehicles. Increasing soldier modernization programs are also contributing to the demand for overall GDS.

The global gunshot detection systems market is mainly dominating by Raytheon products, both in military and civilian applications. Shotspotter, which sells civilian versions of Raytheon’s gunshot detection system through the license, generated a revenue of around XX million in 2017. The product obtaining cost for gunshot detection systems is very low. The civilian usage of gunshot detection systems is gradually increasing across various countries, with the threat from random shooters and terrorists augmenting the demand from civilians.

North America is expected to drive the growth of the gunshot detection system market during the forecast period, 2017 to 2026. The gunshot detection system market in North America is expected to witness growth, because of the largest civilian gunfire deaths in the region, especially in the US where the firearm-related death rate is 25 times higher than other countries. Major US cities are planning to install indoor gunshot detection systems at universities, corporate office locations, and financial facilities, among others, over the next few years.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding the Global Gunshot Detection System Market dynamics, structure by identifying and analysing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global Gunshot Detection System Market.

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Scope of Global Gunshot Detection System Market:

Global Gunshot Detection System Market, By Type:

• Indoor
• Outdoor
Global Gunshot Detection System Market,By Installation:

• Fixed Installation
• Wearable Installation
• Vehicle Mounted Installation
Global Gunshot Detection System Market, By Application:

• Military
• Law Enforcement
Global Gunshot Detection System Market, By Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
Key Players Operated in Market Include:

• Raytheon Company
• Thales Group
• Battelle Memorial Institute
• Rafael
• Safran Electronics & Defense
• Rheinmetall AG
• ELTA Systems Ltd

MAJOR TOC OF THE REPORT

Chapter One: Gunshot Detection System Market Overview

Chapter Two: Manufacturers Profiles

Chapter Three: Global Gunshot Detection System Market Competition, by Players

Chapter Four: Global Gunshot Detection System Market Size by Regions

Chapter Five: North America Gunshot Detection System Revenue by Countries

Chapter Six: Europe Gunshot Detection System Revenue by Countries

Chapter Seven: Asia-Pacific Gunshot Detection System Revenue by Countries

Chapter Eight: South America Gunshot Detection System Revenue by Countries

Chapter Nine: Middle East and Africa Revenue Gunshot Detection System by Countries

Chapter Ten: Global Gunshot Detection System Market Segment by Type

Chapter Eleven: Global Gunshot Detection System Market Segment by Application

Chapter Twelve: Global Gunshot Detection System Market Size Forecast (2019-2026)

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Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

Contact info:

Name: Lumawant Godage

Organization: MAXIMIZE MARKET RESEARCH PVT. LTD.

Email: [email protected]

Contact: +919607065656/ +919607195908

Website: www.maximizemarketresearch.com

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