The need to increase storage capacity has become an opportunity for every major enterprise, as there is a continuous rise in data and respective applications. Globally, the amount of data is set to grow drastically in the next six years, to more than 44 zettabytes. The amount of information produced by machines, such as Internet of Things (IoT), is likely to account for about 10% of the worldwide data. It is estimated that, currently, 60% of data in digital world is produced in mature markets, such as Germany, Japan, and the United States. However, this situation may reverse in 2020, and the emerging markets, such as Brazil, China, India, Mexico, and Russia may account for most of the world’s data. The rising percentage of energy consumption by data centers, over the years, has alerted the governments across regions, like the United States and Europe, who have been regulating the energy consumption regularly. GreenPeace, a green data center community, for instance, highlighted the increasing energy consumption by the IT sector since 2012. As a central repository that stores and manages data, data centers play a crucial role in an economy. Green data centers are getting integrated with green technology that creates better sustainability and more energy efficiency in the form of better lighting, electrical, and mechanical works. The traditional technology not only consumes a gigantic amount of electricity, but also water, in millions of gallons, for the purpose of cooling. Low impact data centers run on clean and renewable energy sources, such as solar, wind, and water energy.

The need to manage limited space and high rack densities, in order to reduce IT system downtime, has been driving the data center infrastructure management (DCIM) market’s growth, since the past few years. According to AFCOM estimates, the current rack density is valued at 16.9 kW in data centers. According to a study conducted by the Data Centers Association (AFCOM), close to 67% repor ted an increase in rack density in the past three years. Moreover, the study highlights that with an average power density of about 7 kilowatts per rack, most data centers face challenges in managing their IT workloads with traditional air-cooling methods. Factors driving the rack density include the growth of cloud computing, Big Data, and AI. It is highly essential to mange IT, since more equipment is fit into the data center space. Such facts indicate the need for solutions such as DCIM. Initiatives, such as the Data Center Optimization Initiative (DCOI), are aimed at reducing the costs of physical data centers and maintaining minimum PUE rates. This is encouraging enterprises to consolidate and maximize the use of their existing infrastructure. Such initiatives prompt the need for data center services. Moreover, the high penetration of cloud computing augmented the competitiveness of the industry, as various companies, such as Google and AWS, are actively investing more in this technology. This is expected to aid in the scaling of data center resources. Furthermore, it is expected to gain more visibility in data activities.

Biometrics have rapidly established itself as the most per tinent means of identifying and authenticating individuals in a reliable and fast way, using unique biological characteristics. The global biometrics market is increasing at a rapid pace owing to the need to combat the rising security challenges. Fingerprint, facial recognition, eye/iris recognition, and voice recognition are being used to authenticate the consumers today. The increasing connectivity and digitization have increased customer interactions with devices and services, which is further demanding identity authentication for access. The increasing awareness of the need for sophisticated biometric security, widening the scope of applications of biometrics technology in consumer electronics, to improve customer experiences, and technological advancements are expected to drive the growth of the market over the forecast period. Rising demand for ease and convenience, availability, and reachability of biometrics is expected to create opportunities for the market fur ther. According to the findings of a survey commissioned by VISA, consumers are ready to leave the password behind. 70% of consumers believe that biometrics are always more comfor table as they do not involve memorizing passwords. More than 65% of consumers are already familiar with biometrics, while 86% are interested in using biometrics to verify the identity or to make payments. The rapid proliferation of the internet and the growth of mobile devices has led to increased payments through mobile. This mode of payment is anticipated to experience significant growth over the next few years.

By overcoming the major limitation of geographical reach, satellite imaging surpassed the usage of terrestrial and aerial imagery, owing to its comprehensive coverage across the world and quick delivery of image data. The significance of satellite imaging prompted governmental organizations to support its growth In the United States, the US Department of Commerce relaxed the resolution restrictions on images, thereby, helping the regional companies in improving their image quality For instance, owing to the relaxed restrictions, DigitalGlobe, one of the prominent providers of commercial high resolution earth observation and advanced geospatial solutions, could sell its high quality and industry leading commercial satellite imagery. In addition, various governments have been supporting the firms in the market studied, by investing in satellite imaging technologies The Australian government invested in satellite technologies, and it spent USD 260 million for the development of satellite technology and creation of jobs in Australia. The government’s investments in satellite imaging are poised to ensure that a wide range of Australian industries have access to data, thereby, helping the country mold its investments, create jobs in target regions, and increase competitiveness The booming digital economy of Australia is expected to benefit the developed sectors, such as mining, transport, construction, aviation, and agriculture

Major aircraft OEMs, mainly in the commercial aircraft industry, have emphasized on improving the overall air travel experience, including customer safety and reliability. In addition, fuel efficiency has become an important factor in determining the airline’s choice of aircraft during the purchase decision-making process. In this regard, the focus on the air management systems has become very crucial over the last two decades. Currently, the suppliers of commercial aircraft air management systems are working closely with the aircraft OEMs for the developments of advanced systems, to address the dynamic market requirements. This may also help them to remain as a preferred choice in the market. The aircraft and related subsystems industries are technology driven. The replacement of conventional sensors with the latest sensors, which yield better and accurate results, and the development of robust heat exchangers are helping the production of more efficient air management systems. The introduction of no-bleed systems architecture in Boeing 787 Dreamliner initiated a revolution in the air management systems industry. This system offers better operational efficiencies due to the replacement of traditional pneumatic systems with electrical systems, providing advantage in terms of weight and lifecycle costs. The commercial aircraft industry is the largest procurer of the air management systems, due to a higher requirement for the system, compared to any other end-user industries. This is explained by the presence of larger passenger cabins in the commercial aircraft.

Carbon prepregs are widely used in making high-strength composite structures. This can be used in varied products, ranging from an automotive component to the body of an aircraft. Among the various end-user industries, one of the attractive applications is manufacturing the components of a wind turbine. While the world has been harvesting energy from wind for several decades, the growing environmental concerns have driven the deployment of renewables, globally, in the last few years. The usage of wind power has become a noticeable contributor to the world’s energy mix. The exponential growth in the wind energy market is supported by depleting fossil fuel reserves, declining cost of wind power generation, growing sensitivity toward environmental issues, and support fromvarious governments around the world through financial incentives. The global wind power installations increased, from 14.86 GW in 2006 to 591 GW in 2018. The overall growth of the number of turbine installations during 2006-2018 was primarily driven by declining costs. This was due to the improved materials and design, and favorable government policies for wind power in major countries using wind energy, such as China, the United States, Denmark, Germany, the United Kingdom, and India.

Consumers have started opting for meat-based breakfast options, including bacon, over other breakfast options, such as pancakes, due to the changing palates and willingness to try new products. A significant portion of the population in the United States consumes bacon in breakfast, paving the way for more foodservice outlets to introduce bacon-based breakfasts. Globally, the consumers have also started opting for breakfast from foodservice outlets, such as quick-service restaurants (QSRs) to eat on-the-go. This factor paves the way for the outlets to include more bacon-based breakfast options. Fast-food chains, such as Burger King, Carl's Jr., and McDonald’s, have introduced more bacon options in different flavor profiles to their food menus, in order to cater to consumers’ demand. With breakfast appearing on more menus across restaurants, the foodservice outlets are incorporating more items, such as bacon, and creating meals in different flavor profiles, such as maple bacon, to satisfy the breakfast cravings of consumers who are willing to try new products. This, in turn, is expected to help the outlets to expand their customer bases, with dynamic product offerings. 

The cancer biomarkers market is largely driven by the increasing global prevalence of cancer and a growing adoption of early diagnosis. According to the World Cancer Research Fund, in 2018, there were an estimated 18 million cancer cases around the world, out of which, 9.5 million cases were in men and 8.5 million in women. In the recent years, knowledge about cancer biomarker has increased by leaps and bounds, providing great opportunities for improving the management of cancer patients, by improving the efficiency of detection and efficacy of treatment. The need for cancer diagnosis has also been increasing over the years, with more than 11 million people being diagnosed with cancer every year. According to the Global Cancer Observatory 2018, the number is projected to increase to 27.5 new cancer cases by 2040. Due to the rising prevalence of cancer in every part of the world, various governments and research organizations have established various initiatives for cancer awareness that are illustrating broad approaches for preventing and monitoring cancer. This is likely to drive the market growth over the forecast period. In addition, the paradigm shift in the healthcare from disease diagnosis to the risk assessment or early diagnosis of the cancer especially in developed countries creating the need for development of novel cancer biomarkers and testing.

The cancer vaccines market is majorly driven by the rising prevalence of cancer and increasing demand for effective prevention and therapeutics across the world. According to the World Cancer Research Fund, in 2018, there were an estimated 18 million cancer cases across the world, of which, 9.5 million cases were in men and 8.5 million in women. The need for cancer prevention and treatment has been increasing over the years, and more than 11 million people are being diagnosed with cancer every year. According to the Global Cancer Observatory 2018, the number is projected to increase to 27.5 new cancer cases by 2040. Due to the rising prevalence of cancer in every part of the world, various governments and research organizations established initiatives for cancer awareness. These initiatives illustrate various approaches for preventing and monitoring cancer. This is likely to drive the market’s growth over the forecast period.

The electric vehicles (EV) market witnessed significant growth, due to the need for addressing future energy requirements. The need to attain sustainable transportation plays a significant role in driving the demand for electric vehicles. The EV market is coming up as an integral par t of the automotive industry, and it represents a pathway toward achieving energy efficiency, along with reduced emission of pollutants and other greenhouse gases. The increasing environmental concerns, coupled with favorable government initiatives, are the major factors driving this growth. The annual sales volume of the electric vehicles is projected to cross the 5 million units mark by the end of 2025, and it is expected to account for 15% of the overall vehicle sales by the end of 2025. The transformation of the automotive industry has its impact on the automakers, tire manufacturers, aftermarkets, and supply chain of the industry.