The IT Services Market Is Increasingly Implementing Cloud Software Solutions For CRM, HR, Project Management & Others

IT Services Market Report - Opportunities And Strategies - Forecast To 2022

IT Services Market Report – Opportunities And Strategies – Global Forecast To 2022

The Business Research Company’s IT Services Market Report – Opportunities And Strategies – Global Forecast To 2022

LONDON, GREATER LONDON, UK, January 4, 2021 /EINPresswire.com/ — Over the past five years, cloud software solutions have been gaining acceptance from companies across all industries. Cloud is a software delivery method where a vendor hosts a software application in a remote server and customers can access it through the internet. Cloud software solutions are widely used in customer relationship management (CRM), HR/payroll, project management and accounting software systems. For example, Vodafone is utilizing Salesforce.com’s software services to make connections through social media. The IT market consists of sales of IT services and related goods by entities (organizations, sole traders and partnerships) that apply technical expertise and knowledge to enable organizations to create, manage and optimize their IT processes. The information technology services market breaks down into custom computer programming services, computer systems design services and computer related services.

The global IT services market value is expected to grow from $3.45 trillion in 2019 to almost $3.51 trillion in 2020 at a compound annual growth rate (CAGR) of 1.7%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The managed IT services market size is then expected to recover and grow at a CAGR of 12% from 2021 and reach $4.78 trillion in 2023. North America has the largest IT services market share, accounting for 32% of the market in 2019. Asia Pacific was the second largest region accounting for 29% of the global IT services market. Africa was the smallest region in the global IT services market.

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Source: EIN Presswire

Epson’s High-Speed Enterprise Inkjet Printers Continue to Impress

Epson WorkForce Enterprise Colour Multifunction Printer - 100 ppm

Epson WorkForce Enterprise Colour Multifunction Printer – 100 ppm

Epson WorkForce Enterprise Colour Multifunction Printer - 100 ppm with Booklet finisher

Epson WorkForce Enterprise Colour Multifunction Printer – 100 ppm with Booklet finisher

Epson WorkForce Enterprise Colour Multifunction Printer - 100 ppm with large ink tanks

Epson WorkForce Enterprise Colour Multifunction Printer – 100 ppm with large ink tanks

Epson WorkForce Enterprise colour inkjet printers are super fast and eco-efficient.

TORONTO, ONTARIO, CANADA, January 4, 2021 /EINPresswire.com/ — When Epson first announced its line of super fast, eco-efficient business inkjet printers, DuraFast Label Company’s president, Basat Khalifa was impressed. As an Epson reseller specializing in colour label printing, he was already familiar with Epson’s print technology and had firsthand knowledge as to just how fast Epson colour inkjet printers could be.

“The Epson WF-C20590 and Epson WF-C17590 have 100 page-per-minute and 75 page-per-minute print speeds respectively,” Khalifa said. “This is comparable to laser print speeds but with fewer consumables and up to 50 percent lower power consumption than traditional office laser printers. These WorkForce Enterprise printers are game changers.”

Khalifa explained that Epson uses what’s known as a large, stationary, page-wide “inkjet line head” containing about 33,500 nozzles rather than a smaller printhead that must move across the document. As a result, print speeds are dramatic. In addition, Epson’s Enterprise WorkForce printers keep ink costs low and ink management simple by using large, high capacity ink cartridges.

“Instead of using the small inkjet cartridges typically associated with colour inkjet printers, Epson WorkForce Enterprise printers feature large ink cartridges that have an ISO rating of 50,000 pages,” he said. “Where traditional ink cartridges can fit inside the palm of your hand, these high capacity cartridges are about as long as your forearm. The days of constantly running out of ink are over when your office has one of these Epson WorkForce Enterprise printers.”

In addition to fast print speeds, low energy consumption, and economical ink usage, Epson WorkForce printers are multifunctional printers designed for SMBs, SMEs, and enterprise organizations. Khalifa says they do it all, print, copy, scan, and fax, and keep operating costs in check.

“Epson WorkForce Enterprise printers like the Epson WF-C20590 and Epson WF-C17590 are network printers with cloud capabilities,” he said. “Whether you’re at your workstation or using a mobile device, you can send documents to the printer or scan documents to the cloud.”

Khalifa said that DuraFast Label Company has been selling Epson WorkForce printers since they debuted to excellent reviews.

“Our customers love them. With up to 2400 dpi, the image quality is outstanding,” Khalifa said. “They’re saving money every day and don’t miss their old laser printers at all because these printers have the speed to keep up.”

DuraFast Label Company has several Epson WorkForce Enterprise units at its Toronto showroom for customer demonstrations.

Basat Khalifa
DuraFast Label Company
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Epson WorkForce Enterprise Multifunction Printer Video


Source: EIN Presswire

IE4 Permanent Magnet Synchronous Motors Market to Reach $206,623 thousand by 2025, Pre and Post COVID19 Market Estimates

The report provides an extensive analysis of the current and emerging IE4 permanent magnet synchronous motors market trends and dynamics.

PORTLAND, OR, UNITED STATES, January 4, 2021 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled,"IE4 Permanent Magnet Synchronous Motors Market by Product Type, and Application: Global Opportunity Analysis and Industry Forecast, 2018 – 2025,"the global IE4 permanent magnet synchronous motors market size was valued at $85,153 thousand in 2013, and is projected to reach $206,623 thousand by 2025, growing at a CAGR of 9.8% from 2018 to 2025. In 2017, Asia-Pacific dominated the global IE4 permanent magnet synchronous motors market, in terms of revenue, accounting for about 43.3% share of the global market, followed by Europe.

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IE4 motors are utilized for applications such as pumps, conveyers, compressors, and others. IE4 motor is a part of efficiency class motors, which is developed according to the guidelines given by the International Electro Technical Commission (IEC) for direct online operation. The enforcement of laws and regulations by regulatory authorities related to the efficiency standards is driving the growth of the global IE4 permanent magnet synchronous motors market. Moreover, surge in adoption of automation process in automotive and material handling sectors is anticipated to create lucrative growth opportunities for the market players. In addition, Asia-Pacific exhibited the highest growth in the market in 2017, owing to strong economic growth in the region and development of rhea industrial sector.

The parts and components of IE4 motors are mostly made up of aluminum, copper, and steel. Competitors have increased the use of mass and cross-section of copper to enhance the energy efficiency. 20–200kW and more than 200kW are the two most popular IE4 permanent magnet synchronous motors, owing to their high operating rate and enhanced energy efficiency.

The global IE4 permanent magnet synchronous motors market has witnessed substantial growth over the past few years, and is expected to continue this trend during the coming years. This is attributed to increase in demand for energy efficient-systems in the automotive and machinery industries. In addition, development of the oil & gas and compressor industries particularly in emerging markets fuels the IE4 permanent magnet synchronous motors market growth. Furthermore, deployment of IE4 permanent magnet synchronous motors curb prevention of CO2 emission, aid in energy saving, and reduce operating costs, which fuel their adoption across the globe. However, increase in adoption of IE2 motors by end users due to their low operating costs hamper the growth of the IE4 permanent magnet synchronous motors market. On the contrary, rise in demand for electric & hybrid vehicles in developing countries and availability of low-cost & efficient manufacturing particularly in the Asia-Pacific region provide lucrative growth opportunities for the market.

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The 20-200kW segment secured the highest share of about 60.4% in the global IE4 permanent magnet synchronous motors market in 2017 and is expected to grow at a CAGR of 9.6% during the forecast period. In terms of application, air compressors and vacuum pumps is expected to account for the highest market share in the coming years.

Asia-Pacific is a pioneer in the market, owing to the expansion of automobile sector in the region. Therefore, IE4 permanent magnet synchronous motors market share is highest among the Asia-Pacific countries. Asia-Pacific secured the highest market share in 2017, owing to growth in automotive sector particularly in developing nations. In addition, increase in demand for IE4 motors from small-scale food & beverage industries is expected to boost the Asia-Pacific market growth. North America and Europe are expected to register significant growth during the forecasted period.

Key Findings Of The Ie4 Permanent Magnet Synchronous Motors Market:

In 2017, the air compressors and vacuum pumps segment dominated the global IE4 permanent magnet synchronous motors market in terms of revenue, and is projected to grow at a CAGR of 9.5% during the forecast period.

The 20-200kW segment is expected to be the largest customers for the IE4 permanent magnet synchronous motors market players globally.

ominant regions in the IE4 permanent magnet synchronous motors market and is expected to witness a high growth rate of around 10.3% during the forecast period.

Key Players:

The major players operating in the IE4 permanent magnet synchronous motors industry include ABB, Altra Industrial Motion Corp, Anhui Wannan Electric Machine Co., Ltd., Bharat Bijlee, CG global, Danfoss, Fuji Electric Co., Ltd., Hitachi Ltd., Kaeser Kompressoren, Kienle + Spiess GmbH, KSB SE & Co. KGaA, Lafert, Merkes GmbH, Nidec, NORD Drive systems, O.M.E. Motori Elettrici s.r.l., OEMER, Siemens AG, Toshiba Corporation, VEM Group, and Weg S.A.

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David Correa
Allied Analytics LLP
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Source: EIN Presswire

Precision Ball Screws Market Worth $2.0 Billion by 2027 at a CAGR of 5.1% : Global Industry Analysis 2020 to 2027

Allied Market Research

Precision Ball Screw Market Outlook-2027: Precision ball screw is a mechanical element, which converts rotary motion into linear motion.

PORTLAND, OR, UNITED STATES, January 4, 2021 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled, “Precision Ball Screw Market by Type and Application: Opportunity Analysis and Industry Forecast, 2020–2027,” the global precision ball screw market size was valued at $1,571.0 million in 2019, and is projected to reach $2,043.9 million by 2027, registering a CAGR of 5.1% from 2020 to 2027. Growth of the global precision ball screw market is driven by growth in semiconductor, aerospace, and medical diagnostic equipment industries. Technological advancements such as industrial automation, robotic surgery, and robotic material handling is expected to boost the demand for precision ball screw across the globe. They are used in industries such as semiconductor manufacturing, medical diagnostic equipment, and aviation & aerospace owing to its features and properties such as precision, accuracy, repeatability, high load bearing capacity, and low friction to movement.

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Asia-Pacific serves as the most productive region compared to others with diverse industry verticals significantly investing for business expansion and growth in semiconductor and aerospace sectors is anticipated to boost demand for precision ball screws. Asia-Pacific dominated the market in 2019, in terms of revenue, accounting for around 46.0% of the global precision ball screw market share, followed by Europe. The economy of Asia has increased over past couple of years, owing to rapid industrialization, which boosts growth of aerospace, semiconductor, and healthcare industries. This, in turn, is expected to fuel the precision ball screw market growth during the forecast period.

By type, the ground segment accounted for the largest share in the global precision ball screw market in 2019, and is expected to witness significant growth during the forecast period, owing to technical innovations and deployment in semiconductor and medical devices industries. In terms of application, the semiconductor segment secured highest share in the precision ball screw market in 2019, and is expected to grow at a CAGR of 6.4% during the forecast period, owing to increase in the manufacturing sector around the globe. These factors are expected to provide lucrative growth opportunities to market players in developing economies.

The key players operating in the global precision ball screw market have adopted product launch and acquisition as their key developmental strategies to strengthen their foothold in the global market. For instance, in November 2019, THK Co. Ltd. has launched new ball screws under N Series. These ball screws have hollow shaft which allows forced cooling of ball screw and hence increase its working life.

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The outbreak of COVID-19 has a negative impact on the manufacturing and production of precision ball screws in the first and second quarter of 2020, and is likely to hamper the growth throughout the year. This has further affected the demand for precision from developing countries, including India, China, and others; thereby, halting the production activities. In addition, the disruption of supply chains is causing hindrance in manufacturing of the precision ball screw around the globe.

Key Players:

The key players profiled in the precision ball screw market report include Barnes Industries Inc., Bosch Rexroth, Hiwin Corporation, Koyo Machinery, Kuroda Precision Industries, Nidec Corporation, PMI Group, Schaeffler AG, SKF, and THK Co. Ltd.

Key Findings Of The Study

The report provides an extensive the global precision ball screw market analysis of the current and emerging precision ball screw market trends and dynamics.

Depending on type, the ground segment dominated market, in terms of revenue in 2019 and is projected to grow at a significant CAGR during the forecast period.

By application, the semiconductor segment registered highest revenue in 2019.

LAMEA region is projected to register the highest growth rate in the coming years.

The key players within market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the precision ball screw industry.

The report provides an extensive analysis of the current trends and emerging opportunities of the market.

In-depth analysis is conducted by constructing estimations for the key segments between 2020 and 2027.

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David Correa
Allied Analytics LLP
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Source: EIN Presswire

Industrial Robotics Market Growing at a CAGR of 9.4% to Reach $70,715 Million by 2023 | COVID-19 Market Estimates

Industrial robotics market is majorly driven by a surge in labor charges worldwide,which in turn has enforced manufacturers to replace human labor with machines

PORTLAND, OR, UNITED STATES, January 4, 2021 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled, Global Industrial Robotics Market by Type, Industry, Function, and Region: Global Opportunity Analysis and Industry Forecasts, 2017-2023, the global industrial robotics market was valued at $37,875 million in 2016, and is projected to reach $70,715 million by 2023, growing at a CAGR of 9.4% from 2017 to 2023.

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The articulated robots segment accounted for $18,350 million in 2016 in the industrial robotics market, owing to increased usage of these robots in the emerging industries such as packaging and healthcare sectors. However, cylindrical robots and other types of robots, such as customized and refurbished robots, are expected to grow at a significant pace in the coming years, owing to their increased demand in the industrial sectors of the Asia-Pacific region. The cylindrical and others segments are estimated to grow at CAGRs of 11.0% and 11.6%, respectively, during the forecast period.

The automotive industry segment dominated the global industrial robotics market in 2016, with a revenue contribution of $16,630 million. However, this segment is expected to witness sluggish growth in the near future, owing to slowdown in the automotive industry in the past years and grow at a CAGR of 8.9% during the forecast period. The food & beverages segment is expected to grow at a significant CAGR of 11.0% during the forecast period, owing to spiraling growth of the food & beverages industry. Moreover, increase in need for customized solutions to make the process faster especially in the untapped regions, such as Brazil, Argentina, and South Africa, is expected to drive the food & beverages industry.

Materials handling is the largest segment by function in the global industrial robotics market. In 2016, this segment accounted for over one-third share of the global industrial robotics market, owing to its increased demand over diversified industries such as packaging and electronics, where the market for robots is in its nascent stage especially in the Asia-Pacific and Latin American regions. This segment is expected to continue this trend during the forecast period. Presently, the soldering & welding segment accounted for over one-fourth share of the global industrial robotics market, owing to their aggrandized usage in applications requiring high precision in the machinery industry. The segment accounts for significant share of the market, owing to its price per unit factor rather than volume.

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Key Findings of the Global Industrial Robotics Market:

Presently, the articulated robot segment dominates the industrial robotics market, and is expected to this trend throughout the forecast period.

Automotive is the largest application segment in the present scenario, and is projected to maintain its dominance throughout the forecast period.

The food & beverages segment is expected to witness fastest growth rate in the near future.

The material handling is the largest segment in the present scenario, and is expected to maintain this trend during the forecast period.

Asia-Pacific is the largest regional market in the world, followed by North America. It is expected to witness robust growth in the near future.

Key Players:

The key players operating in the industrial robotics industry are Daihen Corporation, Denso Corporation, Epson America, Inc., Fanuc Ltd., Kawasaki Heavy Industries Ltd., KUKA Robotics Corporation, Mitsubishi Electric Corporation, Nachi Robotic Systems, Inc., Panasonic Corporation, and Universal Robotics.

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David Correa
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Source: EIN Presswire