Hospitality POS Terminals Market : Research Report,Industry Outlook and Forecast 2023

According to a new market report published by Credence Research, Inc. “Global Hospitality POS Terminals Market (By Product Type (Fixed POS terminals and Mobile POS terminals), By Component (Hardware and Software), and By Application (Restaurants, Lodging Establishments, and Others) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the global hospitality POS terminals market is expected to witness a steady growth, expanding at a CAGR of 13.0% from 2016 to 2023.

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Market Insights

A Point of Sale terminal is an electronic system/device that accepts cashless payments from customers at a point of purchase. The use of Point-of-Sale terminals has completely revolutionized the restaurant and hospitality industry. The major impact is witnessed in fast food franchises, where the manager is able to take order from the customer and send it wirelessly to the kitchen, thereby reducing the time taken to process the order. Thus, use of POS terminals enable manager to speed-up the complete order taking process and reduce time taken to serve, thereby improving the operational efficiency and customer experience. Furthermore, the use of POS systems significantly reduces the total operating cost and mistakes made due to human error, which, in turn has a significant impact on the overall profit margins earned by restaurants. Profits earned in the hospitality industry are majorly driven by customer experience. As such, offering excellent customer service not only in terms of food quality, but also secured payment processing is very crucial.

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Security concerns related to data breaches have inhibited the use of POS terminals in the yester years. However, the vendors in collaboration with software developers have been able to develop POS terminals which make debit card/credit card processing secure and seamless. In addition, POS terminals enable lodge/hotel owners to process complete lodging application data including check-in, express check-out, date and arrivals, online reservations, gift and loyalty cards efficiently. Thus, need for efficient operational management coupled with the customer-centric focus is collectively expected to drive demand for POS terminals in the hospitality sector.

In terms of geographic regions, Asia Pacific is expected to emerge as the fastest growing market during the forecast period. The anticipated growth in the region is expected to be driven by expanding fast food chains, especially in tier-3 and tier-2 cities.

Competitive Insights:

The advent of cloud-based solutions has offered the much needed impetus to the global POS terminals market that was struggling to gain traction. Their emergence has made market more competitive. The intensity of competition is expected to remain high as players strive to develop innovative and more secure solutions. Some of the leading and emerging players identified in this research study include Verifone Systems, Inc. (the United States), Ingenico S.A. (France), PAX Technology Ltd. (Hong Kong), Hewlett Packard (the United States), MICROS Systems, Inc. (the United States), NCR Corporation (the United States), Panasonic Corporation (Japan), Toshiba Corporation (Japan), and Samsung Electronics Co., Ltd. (South Korea) among others.

Key Trends:

·         Growing adoption of cloud-based (SaaS platform) POS terminal devices

·         Growing preference for card-based payments at restaurants, resorts, and lodging establishment

·         Compliance with EMV regulations to trigger replacement demand

·         Opportunity for hospitality service providers to efficiently manage operations such as check-ins, express check-outs, online reservations, and loyalty options

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Web Content Filtering Market : Global Industry Information, Market Strategies and Forecast 2016-2023

​As stated in a recently published information by Credence Research “Web Content Filtering (Business Organizations, Schools and Institutions, Government and Federal Agencies, and Other End-users (Personal Laptops, Mobile Phones) industry - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022”, the web content filtering industry is witnessing healthy growth on account of the growing demand from business organizations, federal agencies, schools, and institutions.

While the proliferation of the Internet has introduced several benefits for both individuals and businesses, it has also brought fair number of challenges and threats along with it. The growing penetration of the Internet has increased perils posed by malware, spam, spoofing, phishing, spyware, unauthorized data breaches, and identity thefts among others. As a result, cyber security solutions including web content filters have been witnessing considerable growth in demand among corporate users. The prevailing trend of Bring Your Own Device (BYOD) at workplace and vulnerability to security perils and cyber attacks are driving deployment of end-point content filters.

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On the other hand, business organizations face daunting challenge to manage the Internet usage and maintain employee productivity at workplace. The access to video on demand (VOD) websites such as iTunes, YouTube, Hulu, and Vudu among others is expected to result in higher data consumption, putting strain on the Internet connection. When employees have unlimited access to such luring content on the Internet, the dedicated network capacity becomes consumed by non-business related work.

In addition, escalating penetration of social networking sites such as Facebook and Twitter coupled with the proliferation of Web 2.0 applications have made it rather simple for cyber criminals to get easy access to business servers, connected endpoints, and thereby spread malware and malicious content over enterprise networks. Web content filters allow business organizations to keep track of the websites accessed, highlighting need for investigation in case of personal browsing and increased web traffic. Thus, growing need for the optimum use of the dedicated network bandwidth has fuelled adoption of web content filtering solutions across corporate users.

Some of the leading and promising players in the web content filtering industry include Websense, Inc. (the U.S.), Blue Coat, Inc. (the U.S.), McAfee, Inc. (Intel) (the U.S.), Cisco Systems, Inc (the U.S.), Symantec Corporation (the U.S.), and Trend Micro (Japan), ContentKeeper Technologies (Australia), Barracuda Networks, Inc (the U.S.), Palo Alto Networks, Inc. (the U.S.), Bloxx, Ltd. (the U.K.), Zscaler, Inc. (the U.S.), and Kaspersky Lab (Russia).

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About Us:
Credence Research is a worldwide industry research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

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Research Offers 06-Years Forecast On Electric Motors Market 2016-2023 by Credence Research

​As stated in a recently published information by Credence Research “Electric Motors industry – Growth, Share, Opportunities, Competitive Analysis, and Predict 2015 – 2022,” the global electric motors industry is expected surpass US$ 135 Bn by 2022, with rising demand for electric motor driven systems (EMDS) such as electric appliances, heating, ventilating and air conditioning (HVAC) equipment, motor vehicles and others. Moreover, rising need to reduce electricity consumption and mandatory regulations to use energy efficient EMDS which support higher energy efficiency standards IE2 and IE3 are expected to influence the growth of the replacement industry. The rising adoption of premium and high energy efficient electric motors particularly developed industrys such as the U.S., Europe and Japan is expected to drive the growth of the overall electric motors industry. In addition, rising industrialization and growing construction industry is expected to spur the demand for electric motors in Asia Pacific, Middle East and South America.

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In 2014, AC motors accounted for the majority of revenue share of 80.0% in the overall electric motors industry and commonly used in most of the electric motor driven systems. AC motors are used in range of residential as well as industrial applications. DC motors are commonly found in the speed control applications. The industry for DC motors is expected to see a significant growth through the predict period with rising production of motor vehicles.

Low voltage electric motors which have output capacity below 0.746 KW accounted for largest revenue share of 48.3% in 2014. Low voltage electric motors are also known as fractional horsepower (FHP) electric motors and found its applications in automotive, HVAC equipment, home appliances, office machinery and several other low voltage applications. Medium and high voltage electric motors are commonly used in industrial applications. Stringent energy consumption regulations and government subsidiaries to replace low energy efficient electric motors is motivating industrial users to replace their less efficient electric motors with high efficiency or premium efficiency motors. This is expected to spur the demand for medium and high voltage electric motors from industrial sector.

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Automobile is the largest application segment for electric motors and accounted for around 31.3% revenue share of the global electric motors industry. Electric motors used in HVAC applications are expected to see the fastest growth through the predict period 2015 – 2022 with growing construction industry particularly in Asia Pacific. In addition, stringent electricity consumption and environment protection and rising electricity prices, are forcing households across the world to replace their less efficient electric motor driven systems (EMDS) with high energy efficient electric motor driven systems. Significant demand for electric motors is also expected from industrial as well as commercial sectors.

The electric motor manufacturing industry is highly fragmented and comprises large number of recognized international players as well as small domestic players. Some major players in this industry include Baldor Electric Company, ASMO Co Ltd, Regal Beloit, Brook Crompton UK Ltd, AMTEK Inc, Franklin Electric Co., Inc., Danaher Motion LLC, Rockwell Automation Inc, Siemens AG and Allied Motion Technologies Inc.

About Us:

Credence Research is a worldwide industry research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Blog: http://www.mobilecomputingtoday.co.uk/2570/energy-efficiency-standards-driving-growth-electric-motors-market/

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Vitamins Market In Terms Of Revenue Is Projected To Reach USD 41.07 Billion In 2022 by Credence Research

The industry is witnessing growth on the back of increasing consumer health consciousness and health benefits associated with it. But to increasing government regulation is acting as the one of the major barriers in the industry growth. However, in future rising demand from different end user industries and development of new products will promote growth in this industry.

Vitamins are of two type’s water soluble and fat soluble. Water soluble vitamins are easily absorbed into the body whereas fat soluble vitamins require bile acids to help absorb them. Fat soluble accounted for major share of the pie when compared to their water soluble counterparts. In fat soluble vitamins all the vitamins B are projected to account for the major share and expected to maintain their dominance over the next six years. On the other hand vitamin C is projected to grow at the fastest rate of 7.6% from 2015 to 2022. In fat soluble vitamins, Vitamin D is projected to account for the major share of the pie of 37% in 2014 but in future growth is projected to be highest from Vitamin E segment. Vitamin E is projected to grow at a rate of 12.6% for next six years growing on the back of rising demand from the personal care and animal feed industry.

Browse full report at(Vitamins Market - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022) : http://www.credenceresearch.com/report/vitamins-market

By applications, food and beverages segments accounts for more than 50% share of the industry pie in 2014 and projected to maintain its dominance in future also. In future, personal care segment is projected to grow at the fastest rate of 9.7% during the forecast period.

By geography, North America is the largest industry with the share of 37%. U.S. is the largest industry for vitamins worldwide. But in future Asia Pacific will be the fastest growing industry. Asia Pacific will witness growth from rising demand from economies such India, China and Japan. Row is also considered to be the one of the potential industry for vitamins in future and is projected to grow at a rate of 9.1% during the forecast period. The region’s continued economic success in the primary driver. Europe is also one of the largest industrys.

Companies such as BASF SE, ADM, DSM, Pfizer and NBTY Inc are some of the major players in this industry. They together accounted for more than 35% share of the industry in 2014.

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About Us:

Credence Research is a worldwide industry research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Media Contact

Name: Chris Smith (Global Sales Manager)

Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US

E-mail: sales@credenceresearch.com