New Research Areas
Category overview for network management services market
According to this procurement market intelligence report, it has been noted that the category managers in the global network management services industry prefer to collaborate with suppliers who can offer integrated solutions for all their networking requirements, as it helps them reduce complexities associated with network maintenance and the integration of new and existing systems. This market report also highlights the fact that the network management services market is highly fragmented with intense competition among suppliers. Furthermore, an extensive study of the demand-supply shifts highlights the fact that the global demand for network management services is increasing due to a growth in the volume of data communication and data transfers made across networks. Additionally, the suppliers are also conducting merger and acquisition (M&A) activities to increase their service portfolios and to sustain in the competition.
To procure the best network management services, buyers prefer adopting systematic procurement practices that allow them to exert better control over service providers, irrespective of the prevailing market conditions, as it helps them manage their expenses better and attain a good quality of service delivery. Another key procurement practice followed by the category managers in this market space is the engagement with suppliers who offer proactive network management services such as autonomous monitoring of networks to detect errors.
The suppliers must provide standardized network management processes and improve network performance by investing in research and
Overview of the global jet skiing equipment market
The global jet skiing equipment market is anticipated to grow rapidly and will post a CAGR of more than 12% during the forecast period. The increasing number of soft adventure sports enthusiasts will drive the growth prospects for the global jet skiing equipment market until the end of 2021. It has been observed that a lot of health-conscious sports enthusiasts prefer alternative physical activities such as outdoor and adventure sports, including outdoor backpacking, scuba diving, rafting, snorkeling, stand-up paddle boarding, wakeboarding, jet skiing, and leaf peeping. Also, according to the market research information, with the increasing hectic lifestyle, people falling under the age bracket of 25-44 years are increasingly looking for recreational game activities, which will drive the demand for water sports like jet skiing recreational activities in the future. Moreover, with the increasing trend in global tourism, the demand for adventure tourism is also increasing. Furthermore, support from government bodies to escalate the revenue generated from the tourism industry across the globe, promotional campaigns organized by governments, rising number of recreational expenditures, and a shift in consumer preferences will increasingly boost the interests in recreational
Category overview of business process outsourcing services
This procurement market intelligence report on the global business process outsourcing services market reveals that the category managers prefer to engage with suppliers who offer either industry-specific or function-centric one-stop solutions. Additionally, it has also been noted that most procurement managers prefer associating with suppliers who have advanced technological expertise and multi-channel integration to reduce management complexities. This market report also reveals that the global business process outsourcing services market is driven by the rising need for buyers to minimize costs, reduce business risks, and improve the overall level of customer satisfaction. Extensive study of the demand-supply shifts in this market indicates that the global demand for business outsourcing services is witnessing a high increase owing to the need of large buyers to outsource non-core activities such as customer management, software development, non-voice services, and payroll to offshore service providers in low-cost destinations. On the other hand, the supply market for business process outsourcing services is characterized by the adoption of innovative technologies such as robotic process automation (RPA) and speech analytics. Furthermore, it has also been noted that the presence of advanced technologies such as data analytics, which help in understanding customer preferences and enhancing buyer efficiency, will help spur the adoption of business process outsourcing services.
While analyzing the procurement best practices for category managers, it has been observed that most procurement managers prefer adopting procurement practices that allow them to exert better control over service providers, irrespective of the prevailing market conditions, as
Overview of the camping lights and lanterns market
Extensive research carried out by the market research analysts at Technavio has shown that the global camping lights and lanterns market will witness steady growth and will post a moderate CAGR of more than 7% during the forecast period. Several initiatives are being taken by the governments of various countries around the world to promote participation in outdoor activities by providing financial support for the development of affordable campsites, caravan accommodation, and walking, biking, and driving trails. Moreover, governments are ensuring that there are enough accessible parks or community green spaces for children, river restoration and recreation blue ways to power economic strength in communities, and enhanced support for farmers and ranchers who help protect landscapes. These initiatives are expected to encourage adventure sports enthusiasts and campers to invest in camping equipment such as camping lights and lanterns during the predicted period.
In terms of geographical regions, North America was the market leader during 2016 and is expected to continue its dominance over the next four years. The growth of this market is attributed to the fact that North America has the highest participation rate in camping globally and nearly 25% of all households in the region engage in camping annually. Moreover, the growing interest in outdoor recreational activities among the younger population and increasing preference for traditional camping are some of the major reasons driving this market’s growth in the region.
Competitive landscape and key vendors
Overview of the global face shield screen market
Technavio’s market research analyst predicts the global face shield screen market to grow steadily at a CAGR of around 4% by 2021. One of the primary drivers for this market is the rise in the demand for polycarbonate face shield screen. The polycarbonate material is a naturally transparent amorphous thermoplastic and is useful for impact resistant product requirement such as bullet-proof glass. Polycarbonate is mostly used in automotive components, protective gear, and medical devices because of its robust feature. The major reason for its high adoption is that the polycarbonate material is lightweight and has high impact resistance in comparison to glass and natural UV filters. Moreover, the capability of the material to provide high impact and heat resistance makes it suitable for face shield screens. Due to these advantages, the adoption of the polycarbonate face shield screen will increase and as a result, will have a positive impact on the global face shield screen market during the forecast period.
One of the latest trends gaining traction in this market is the demand for mesh face shield screens. Mesh face shield screens consist of woven metal gauze that is usually made up of steel. These wired face shield screens offer increased ventilation unlike the fiber-plastic material and help to eliminate fog and humidity. Materials used in the mesh face shield screen include brass, aluminum, nylon, and stainless steel. Each of these materials are used for a
Overview of the global sanding pad market
Technavio’s market research analyst predicts the global sanding pad market to grow steadily at a CAGR of around 6% by 2021. One of the primary growth drivers for this market is the exponential growth in the do-it-yourself (DIY) activities. DIY practices encourage household consumers to manufacture and create products from scratch. As the sanding pad is imperative for smoothing of surfaces, removal of materials, and scraping off layers from surfaces, the growth of DIY activities will influence the growth of sanding pad market. Home improvement activities such as renovating and remodelling is a key segment of the global DIY market. Also, the growth in the global DIY market can be attributed to the increase in the number of retail stores such as hypermarkets, supermarkets, and specialty stores. These stores enhance the availability of raw materials such as abrasive sanding pads to consumers. The growth of the market is further supported by media presence through traditional media such as television or online formats like videos or social media.
One of the latest trends gaining traction in this market is the increase in the use of garnet. Garnet is a precious stone, consisting of deep red vitreous silicate minerals and is used for various commercial and industrial purposes. In the sanding pad industry, garnet is used as a replacement for silica sand in sanding purposes. The factors influencing this shift are lesser cost of garnet than silica, and its round grains, which makes it a suitable material for many industrial applications. With an increasing number of vendors manufacturing sanding