Machine Condition Monitoring Equipment Industry Report Now Available from IBISWorld

Los Angeles, CA (PRWEB) January 04, 2012

The Machine Condition Monitoring Equipment Manufacturing industry will continue to post strong gains over the next five years, aided by technological developments and new products, according to a new report from IBISWorld, the nation?s largest publisher of industry research. Demand will likely strengthen as markets increasingly adopt condition monitors that help them cut costs and avoid production downtime. Specifically, the development of lower-cost advanced CM equipment, combined with rapid processing functions, direct and wireless communication tools and improved software is anticipated to lead to further saturation of industry products into new markets. Combined with other positive demand drivers, such as growing foreign demand, revenue is forecast to increase at an annualized rate of 6.2% to $ 2.2 billion over the five years to 2016. In 2012, sales are projected to jump to $ 1.7 billion. For this reason, industry research firm IBISWorld has added a report on the Machine Condition Monitoring Equipment Manufacturing Industry to its growing Industrial Machinery Report collection.

According to IBISWorld, the Machine Condition Monitoring Equipment Manufacturing industry is fragmented because CM equipment can be relatively simple to employ and generates a quick return on investment for the company that implements it. The major players highlighted in IBISWorld?s report include, General Electric Company (Bently Nevada), Honeywell International Inc and Emerson Electric Co. (CSI, AMS Suite). For more information, including latest Industry trends, statistics, analysis and market share information, purchase the full report from IBISWorld, the nation?s largest publisher of industry research on the Machine Condition Monitoring Equipment Manufacturing industry for $ 825.

IBISWorld Industry Market Research Reports Contain:

About this Industry

Industry Definition

Main Activities

Similar Industries

Additional Resources

Industry at a Glance

Industry Performance

Executive Summary

Key External Drivers

Current Performance

Industry Outlook

Industry Life Cycle

Products & Markets

Supply Chain

Products & Services

Major Markets

Globalisation & Trade

Business Locations

Competitive Landscape

Market Share Concentration

Key Success Factors

Cost Structure Benchmarks

Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data

Annual Change

Key Ratios

Jargon & Glossary

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About IBISWorld Inc.

Recognized as the nation?s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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More Driver Software Press Releases

Software Development in China: IBISWorld forecasts strong revenue growth for 2012

Los Angeles, CA (PRWEB) January 07, 2012

The Software Development industry in China generated revenue of $ 284.02 billion in 2011, up 35.1% from 2010 (in constant 2011 dollars). The industry is estimated to have grown at an average annual rate of 29.6% over the five years through 2011. This high growth rate has been due to strong demand from downstream software users and the government, as well as solid pricing levels, according to IBISWorld, America?s largest publisher of industry research.

This industry's development has been supported and encouraged by the Chinese Government. The industry offers consumers software products, services and systems integration. The software service segment has increased rapidly in recent years and has become an increasingly important contributor to revenue growth. In particular, software outsourcing firms have improved, with more external clients from the United States and Europe seeking Chinese software service providers that offer low prices.

The industry is also highly concentrated geographically. The top five provincial areas by revenue are Guangdong Province, Beijing, Jiangsu Province, Shanghai and Liaoning Province, which together will account for 66.5% of total revenue in 2011. This is due to the presence of relatively well-developed economies in these regions, and the frequent development of software bases by governments.

Mainly due to industry assistance from the Chinese Government and improvement of technology, this industry is expected to continue to develop quickly over the next five years. Industry revenue is forecast to increase to $ 868.21 billion in 2016, which represents an annualized growth rate of 25.0% from 2011.

For more information, including profit levels, market shares, product segmentation and more, purchase IBISWorld?s full report on the Software Development industry in China for $ 825 at ibisworld.com.cn.

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Software Development in China ? Key Report Topics

Industry Performance

Executive Summary

Key External Drivers

Current Performance

Industry Outlook

Industry Life Cycle

Products & Markets

Supply Chain

Products & Services

Major Markets

Globalization & Trade

Business Locations

Competitive Landscape

Market Share Concentration

Key Success Factors

Cost Structure Benchmarks

Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data

Annual Change

Key Ratios

About IBISWorld Inc.

Recognized as the nation?s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on 200 Chinese industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.cn or call 1-800-330-3772.

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Related Driver Software Press Releases

Precision Agriculture Systems and Services in the US Industry Market Research Report Now Available from IBISWorld

Los Angeles, California (PRWEB) January 09, 2012

Revenue for the Precision Agriculture Systems and Services industry is expected to grow at an annualized rate of 1.3% during the five years to 2012. This rate hides solid growth during the earlier years as revenue grew every year except 2009. Recession-related dips in that year reduced the prices of the largest crops known to benefit from precision agriculture, including corn, soybeans and wheat.

According to IBISWorld industry analyst Josh McBee, ?demand from agribusiness, government assistance and technological change are the main drivers of this industry?s revenue.? Demand from agribusiness represents the various downstream markets that precision agriculture developers seek to serve. These markets range from farm machinery manufacturers to family-owned farms and publicly funded research operations. At the same time, each individual market within the overarching agribusiness umbrella is driven by a unique set of factors. For downstream farm operations, technological change is also important for enticing purchases, but government assistance in the form of subsidies plays a crucial role in providing the funds to do so.

In the five years to 2017, steady growth is set to continue for the industry. Revenue is forecast to increase from an estimated $ 1.3 billion in 2012. McBee adds that ?the 2012 Farm Bill will likely provide farm operators with incentives to adopt technology that increases efficiencies, while innovations within precision agriculture systems will make the technology more attractive regardless of outside persuasion. The reluctance or inability of some farmers to grasp the concepts behind precision agriculture and its technologies will remain an obstacle during the period. Nevertheless, farmers will increasingly accept precision agriculture, as penetration of broadband and mobile technologies in rural areas grows.?

IBISWorld believes that the Precision Agriculture Systems and Services industry exhibits medium barriers to entry. A rapid rate of technological change poses the most limiting factor for companies seeking to break into precision agriculture. In 2012, the four largest firms in the Precision Agriculture Systems and Services industry are expected to consume roughly 31.3% of revenue, indicating a low market share concentration. Despite operating in a growing, highly specialized industry and facing little competition from substitutes, the major firms are pressured by rapid technological change. Over the past five years, concentration has increased, as large corporations such as Trimble Navigation and Topcon have acquired specialized firms that produce relevant technologies. Over the next five years, rapid technological change will continue, and precision agriculture system technologies will become more widely available. As more firms tap into the industry, IBISWorld expects market share concentration to grow.

For more information visit IBISWorld?s Precision Agriculture Systems & Services report

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Precision agriculture systems and services include software development, testing applications and consulting activities that gather, track and analyze agricultural data, usually in conjunction with other systems such as harvesting or field-input machinery. Software and related systems may be packaged as individual units for sale to downstream markets or integrated into third-party products such as farm machinery.

Precision Agriculture Systems & Services Report Key Topics

Industry Performance

Executive Summary

Key External Drivers

Current Performance

Industry Outlook

Industry Life Cycle

Products & Markets

Supply Chain

Products & Services

Major Markets

Globalization & Trade

Business Locations

Competitive Landscape

Market Share Concentration

Key Success Factors

Cost Structure Benchmarks

Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data

Annual Change

Key Ratios

About IBISWorld Inc.

Recognized as the nation?s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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