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Ball Bearing Market Share Expecting Tremendous Growth, Will Reach USD 23 Billion By 2026: Facts & Factors

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New York, NY, June 23, 2021 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “Ball Bearing Market By Type (Self-Aligning Bearings, Deep Grove Ball Bearings, Angular Contact Ball Bearings, & Others), By Application (Automotive, Industrial Machinery, Mining & Construction, & Medical), And By Regions – Global & Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026”.

“According to the research report, the global Ball Bearing Market was estimated at USD 20.50 Billion in 2020 and is expected to reach USD 23.10 Billion by 2026. The global Ball Bearing Market is expected to grow at a compound annual growth rate (CAGR) of 3.1% from 2021 to 2026”.

Ball bearings are mechanical devices that consist of a stationary and a rotating rest with stainless steel balls embedded within them. Ball bearings offer a smooth functioning between two rotating elements by absorbing radial and axial forces that arise from the process. The primary driving forces behind the significant growth of the global ball bearing market are a rise in the demand from the machine tools and automotive sector coupled with increasing demand for precise engineering applications.

Furthermore, the factors pertaining to the dominant growth of the global ball bearing market are the increased prevalence of ball bearing in the sector of aerospace and defense, and the medical health sector to name a few. Moreover, the integration of smart bearing in applications regarding the Internet of Things (IoT) and Artificial Intelligence will further boost the growth of the global ball bearing market during the forecast. Smart bearing further contains additional features such as self-aligning bearing that attract a wider range of consumers making the growth to be a highly lucrative one.

Request Your Free Sample Report of Global Ball Bearing Market @ https://www.fnfresearch.com/sample/ball-bearing-market                              

(The free sample of this report is readily available on request).

Our Free Sample Report Includes:

  • 2020 Updated Report Introduction, Overview, and In-depth industry analysis
  • COVID-19 Pandemic Outbreak Impact Analysis Included
  • 190+ Pages Research Report (Inclusion of Updated Research)
  • Provide Chapter-wise guidance on Request
  • 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
  • Includes Updated List of table & figures
  • Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
  • Facts and Factors research methodology

(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)

Inquire more about this report before purchase @ https://www.fnfresearch.com/inquiry/ball-bearing-market                              

(You may enquire a report quote OR available discount offers to our sales team before purchase.)

Industry Major Market Players

  • NSK Ltd.
  • Schaeffler AG
  • Nachi Fujikoshi Corp
  • Myonic GmbH
  • LYC Bearing Corporation
  • Luoyang Huigong Bearing Technology Co. Ltd.
  • Koyo
  • ISB Industries
  • NTN Bearing Corporation
  • SKF
  • The Timken Company
  • THB Bearings
  • GKN plc.

To know an additional revised 2020 list of market players, request a sample report: https://www.fnfresearch.com/sample/ball-bearing-market        

Market Dynamics & Growth Factors Analysis

Here are some noteworthy developments for the global ball bearing market during the forecast period:

  • SKF recently launched their Ball Bearing Units-UC range in India in order to provide to increasing market demand with a low-cost solution that tends to the required international standards.
  • Schaeffler AG announced a partnership with Audi in order to develop a collaborative technology for efficient transmissions, engine, bearings, and other to improve for their “Formula E” division.

The global ball bearing market can be divided into self-aligning bearings, deep grove ball bearings, angular contact ball bearings, and others (thrust ball bearings) on the basis of types. The self-aligning ball bearing is expected to witness the largest market share and the fastest growing CAGR during the forecast. Contributing factors that are responsible for the segment dominance can be attributed to factors pertaining to increased demands from the paper and textile processing industry. Additional factors include the integration of advanced features such as higher operational speed and increased efficiency among others will further aid in the growth of the global ball bearing market.

The global ball bearing market can be fragmented into automotive, industrial machinery, mining and construction, medical, and others (aerospace) on the basis of application. The medical segment is expected to witness the largest market share during the forecast owing to the increased prevalence of robotic surgeries. These surgeries result in decreased downtime and a faster rate of recovery when compared to its counterpart.

Request Customized Copy of Report @ https://www.fnfresearch.com/customization/ball-bearing-market

(We customize your report according to your research need. Ask our sales team for report customization.)

Global Ball Bearing Market: Segmentation & Applications Analysis

The global ball bearing market can be segmented into type, application, and regions.

On the basis of type, the global ball bearing market can be divided into self-aligning bearings, deep groove ball bearings, angular contact ball bearings, and others (thrust ball bearings). The self-aligning ball bearings are expected to witness the largest market share and are expected to witness the fastest growing CAGR during the forecast period. Factors contributing to the dominant position of the market are rising demand from sectors ranging from machine tools such as paper and textile processing machinery. Furthermore, operational capacities such as higher operational speed and efficiency in radial and load handling are expected to boost the market and also result in a higher consumer base. On the basis of application, the global ball bearing market can be broken down into automotive, industrial machinery, mining and construction, medical, and others (aerospace).

Directly Purchase a copy of the report with TOC @ https://www.fnfresearch.com/buynow/su/ball-bearing-market

Asia-Pacific Is Expected To Occupy The Largest Market Share During The Forecast Period

Asia-Pacific is expected to witness the largest market share during the advent of the forecast in terms of global market contribution. Factors contributing to the dominant market position in the region can be attributed to rising public development projects and the presence of key players. Increased mining activities and a rise in construction activities are anticipated to propel the global ball bearing market during the forecast timeframe. Europe in the second position posts a significant market share.

Browse in full repot “Ball Bearing Market By Type (Self-Aligning Bearings, Deep Grove Ball Bearings, Angular Contact Ball Bearings, & Others), By Application (Automotive, Industrial Machinery, Mining & Construction, & Medical), And By Regions – Global & Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026”  at https://www.fnfresearch.com/ball-bearing-market

The global ball bearing market can be segmented into:

Global Ball Bearing Market: By Type Segment Analysis

  • Self-Aligning Bearings
  • Deep Grove Ball Bearings
  • Angular Contact Ball Bearings
  • Others

Global Ball Bearing Market: By Application Segment Analysis

  • Automotive
  • Industrial Machinery
  • Mining & Construction
  • Medical
  • Others

KEY REPORT POINTERS & HIGHLIGHTS:

  • Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable
  • Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward
  • Micro, Meso, Macro, and In-Depth Analysis of Technically relevant and Commercially viable  Segments and Sub-segments of the Market
  • Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data
  • Historical and Current Demand (Consumption) and Supply (Production) Scenarios as well as Projected Supply-Demand Scenario Analysis
  • Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications
  • Value Chain and Supply Chain Analysis along with Horizontal and Vertical Integration Scenarios
  • Manufacturing and Production Cost Structure Analysis including Labor Cost, Raw Material Expenses, and Other Manufacturing Expenses, wherever relevant
  • Overview of Key Marketing Strategies and Key Sales Channels Adopted in the Market

Browse More Related Reports:

Industrial Seals Market: https://www.fnfresearch.com/industrial-seals-market

Air Filter Market: https://www.fnfresearch.com/air-filter-market

Conveyor System Market: https://www.fnfresearch.com/conveyor-system-market 

3D Wheel Aligners Market: https://www.fnfresearch.com/3d-wheel-aligners-market

About Facts & Factors (FnF Research):

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.

Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

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Artificial Intelligence

vcita Completes Full Rollout of BizAI, the First AI-driven SMB Business Advisor

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After months of research and beta testing, BizAI is now available to all vcita customers, bringing the promise of AI within reach for the SMB ecosystem
SEATTLE, May 2, 2024 /PRNewswire/ — vcita, the technology platform designed to serve the needs of SMBs and the organizations that serve them, announced today that it has completed the full rollout of its AI-powered SMB business advisor, BizAI. During beta testing over the last several months, vcita saw the significant success and impact of BizAI, and is now making it available to all SMB users, including SMBs using partner solutions, built on its inTandem platform.

BizAI is different from other generative AI tools as it combines the wide perspectives of the market’s best practices with the deep familiarity with each individual businesses’ successes and failures, bespoke data that it is able to obtain exclusively through vcita. This enables BizAI to identify growth opportunities and diagnose areas for improvement, translating insights into actionable recommendations for immediate implementation. SMBs can use BizAI to build business growth plans, optimize their pricing and product offerings according to their competitors, generate converting marketing assets, analyze staff performance, and more.
“BizAI is a pioneering AI-driven business advisor created specifically for the SMB sector,” said Itzik Levy, CEO and founder at vcita. “BizAI brings the strategic prowess of top-tier consulting into the hands of small business owners, empowering SMBs to navigate their unique challenges with tailored, actionable insights derived from a blend of external data, their own operational metrics, and industry benchmarks. The enthusiastic feedback from our beta testers has been incredibly affirming, and this is only the beginning of what BizAI can deliver.”
A common challenge in the adoption of AI is that SMBs don’t always know where AI might help them so BizAI is integrated into the everyday tasks of the business owner, offering them tailored insights and suggestions with contextual relevance. BizAI is completely embedded within the business management solution offered by vcita, with many touch points that are presented to SMBs throughout their workday. For example, SMBs will be prompted to use BizAI when creating and pricing a new service, while writing their cancellation policy, or when answering an inquiry from a promising prospect.
“Our roadmap is packed with plans to further expand BizAI and make it available across all components of our platform. As a platform company, we will soon offer our partners the opportunity to leverage BizAI in two additional ways: the first is their ability to launch AI-enriched applications of their own, and the second is to draw AI-driven insights that help them better understand their SMB clients, detect risks such as churn and identify new business opportunities in real-time,” continued Levy.
A recent survey of BizAI beta users highlights the value they’re gaining from the tool with 43% returning to BizAI within a week of their first usage. 63% used BizAI to seek critical business advice, such as how to position and price their services and products, highlighting the trust users have in BizAI. 32% of users copied the chat’s answers to the clipboard, indicating they were happy with the output and chose to use it. To see a full report with this data please click here.
vcita has spent the past 13 years providing SMBs with advanced technology solutions and is committed to digital inclusion in the SMB community. vcita’s technology solutions include popular digital tools like online billing, CRM, online scheduling, marketing, and online presence, and the company is now bringing the promise of AI within reach for small businesses. Armed with BizAI’s personalized insights and recommendations, vcita is revolutionizing the way SMBs manage their operations and seize growth opportunities within a competitive market. With inTandem, vcita’s partner platform, organizations that serve the SMB market can join vcita’s partner ecosystem and expand their own SMB proposition to include these digital tools and AI driven insights, increase engagement among their SMB customers, and unlock new revenue potential.
About vcita
vcita is an SMB tech company dedicated to helping small and medium businesses thrive in today’s digital world by providing them with the tools to manage and grow their business. With vcita’s solution, small businesses can manage all aspects of their day-to-day operations and client engagement including scheduling, billing, payment collection, client management, email and SMS marketing. inTandem by vcita is a platform designed to serve the needs of SMB service providers, offering a customizable, white-label, platform that allows organizations that serve SMBs to bring their clients all the essential vcita tools under their own brand. With inTandem, partners can deliver great service and value to their SMB customers and unlock new revenue streams, reduce churn, and increase customer loyalty. With hundreds of thousands of small business users worldwide and partnerships including marketing agencies, banks, financial service providers, telcos, MSPs, and fintechs, vcita delivers an innovative digital solution uniquely designed to serve the needs of SMBs and the companies that support them.
For more information, visit www.vcita.com or follow us on LinkedIn.
Media Contact
Sarah SchlossHeadline Media [email protected] 914.506.5105
 
 

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Artificial Intelligence

Stamus Networks Recognized in 2024 Gartner® Market Guide for Network Detection and Response

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Company recognized as a Representative Vendor for the second consecutive time
INDIANAPOLIS and PARIS, May 2, 2024 /PRNewswire/ — Stamus Networks, a global provider of high-performance network-based threat detection and response (NDR) systems, today announced it has been recognized as a Representative Vendor in the 2024 Gartner “Market Guide for Network Detection and Response.” This is the second consecutive time Stamus Networks has been named in the report.

“For now, stand-alone NDR vendors provide a breadth of network analytics and efficacy not available with multifunction security platforms (SIEM, XDR),” wrote Gartner Analysts Jeremy D’Hoinne, Thomas Lintemuth, Nahim Fazal and Charanpal Bhogal.
The report continues, “NDR providers continue to improve their detection capabilities and improve incident response workflows, highlighting the identified root causes of an incident. With this success and confidence, enterprises are experimenting with new NDR features and expanding their coverage to include areas of the network not initially exposed to NDR, especially to see all lateral movement between different types of infrastructure.”
The Stamus Security Platform (SSP) is an open NDR that delivers actionable network visibility and high-fidelity threat detection to enterprise security teams around the world. SSP prioritizes advanced detection – using machine learning and statistical anomaly detection, advanced heuristics, and more traditional signature and IoC based detection – with explainable attack timelines. Its transparency, openness and extensibility empower security teams to quickly respond to serious threats and unauthorized activity.
“As a pure-play NDR solution vendor, we are uniquely focused on delivering the best threat detection possible with the lowest rate of false positives in the industry, enabling organizations to automate their response to serious and imminent threats,” said Stamus Networks CEO Ken Gramley. “We take great pride in being recognized by Gartner, once again, and believe our inclusion in this report is validation of our approach to helping defenders around the world secure their organizations.”
Learn more and download the Gartner “Market Guide for Network Detection and Response.”
To learn more about SSP, go to: https://www.stamus-networks.com/stamus-security-platform.
Gartner Disclaimer:Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
About Stamus Networks:Stamus Networks believes in a world where defenders are heroes, and a future where those they protect remain safe. As organizations face threats from well-funded adversaries, we relentlessly pursue solutions that make the defender’s job easier and more impactful. The global leader in Suricata-based network security solutions, Stamus Networks helps enterprise security teams know more, respond sooner and mitigate their risk with insights gathered from cloud and on-premise network activity. Our Stamus Security Platform combines the best of intrusion detection (IDS), network security monitoring (NSM), and network detection and response (NDR) systems into a single solution that exposes serious and imminent threats to critical assets and empowers rapid response. For more information visit: stamus-networks.com.
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Artificial Intelligence

StrongDM Secures $34 Million Series C Funding to Expand into Europe and Asia, and Establish Zero Trust PAM for Enterprise Security

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New funding to fuel global expansion and a pioneering approach to preemptive, action-based cybersecurity
PALO ALTO, Calif., May 2, 2024 /PRNewswire/ — StrongDM, the Zero Trust privileged access company, today announced the closure of a $34 million Series C funding round led by Anchor Capital, with participation from new investors Capital One Ventures, Cisco Investments, Frontline Ventures, and Singtel Innov8, as well as existing investors including GV, Sequoia Capital, and True Ventures. This investment underscores StrongDM’s commitment to reshaping enterprise security with its revolutionary Zero Trust privileged access management (PAM) solution. The Series C funding round brings StrongDM’s total funding to $96 million.

Revolutionizing PAM
StrongDM introduces a next-generation PAM solution that shifts from traditional role- or attribute-based security models to one that emphasizes continuous, fine-grained, and context-aware policy enforcement. This approach scrutinizes each user action and context in real-time, enabling immediate blocking or additional verification for activities that pose security risks. By focusing on preemptive measures rather than reactive responses, StrongDM aims to halt breaches as they are attempted, setting a new standard in cybersecurity.
Global Expansion and Innovation
With the new funds, StrongDM will expand its operations into the Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions, addressing the growing demand for modern security solutions. The company is also establishing an engineering center of excellence in Poland, bringing its innovations closer to global customers.
A Word from Leadership
Tim Prendergast, chief executive officer of StrongDM, emphasizes the transformative nature of its Zero Trust PAM solution: “Our Zero Trust approach extends beyond initial access, offering continuous protection throughout the entire session. This isn’t just about reducing identification times; it’s about preventing breaches before they even happen. We’re setting new standards that legacy access management providers have failed to achieve over the past decade.”
Enhancing Enterprise Operations
StrongDM’s solution integrates security directly into operational workflows, enhancing agility and productivity without sacrificing protection. Amol Kabe, chief product officer of StrongDM, said: “StrongDM provides a way for users to create and apply policies that govern authorization in real time, which simplifies the process of proving regulatory compliance. By integrating comprehensive audit trails, we ensure that every action is recorded with precision. This provides unprecedented oversight and enforcement of security policies, creating an environment that is simple, agile, and secure.”
Kabe adds, “StrongDM can also trigger policy-based MFA or administrator-defined workflows natively or in Slack or ServiceNow to implement multi-party authorization for risky actions.”
Upcoming Features
In the coming months, StrongDM will roll out advanced policy-based control features that further enhance security for critical infrastructure. These include micro-authorizations and contextual enforcement capabilities designed to meet the specific needs of CISOs and security teams.
About StrongDM
StrongDM is at the forefront of cybersecurity, specializing in Zero Trust Privileged Access Management (PAM). Our innovative solutions focus on continuous, policy-based controls that leverage actions and context to enhance enterprise security. StrongDM’s technology scrutinizes each interaction in real time, preventing breaches before they occur and ensuring secure, frustration-free access across all platforms.
Supported by leading investors, including GV, Sequoia Capital, True Ventures, and Anchor Capital, StrongDM operates across North America, Europe, and Asia-Pacific, dedicated to setting new standards in cybersecurity and providing top-tier protection for today’s digital enterprises.
For more information, visit the StrongDM website.
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