ReleaseWire Connect

TechNavio's analysts forecast the Global DNA Sequencing Products market to grow at a CAGR of 18.48 percent over the period 2012-2016. One of the key factors contributing to this market growth is the introduction of whole genome sequencing. The Global DNA Sequencing Products market has also been witnessing an increase in the number of DNA sequencing projects. However, the low adoption of genomic technology could pose a challenge to the growth of this market.

TechNavio's analysts forecast the Heat Pump market in China to grow at a CAGR of 27.66 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for air source heat pumps. The Heat Pump market in China has also been witnessing the increase in awareness about the latest technology. However, the need for high initial investment could pose a challenge to the growth of this market.

TechNavio's analysts forecast the Machine Tool market in Taiwan to grow at a CAGR of 15.04 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need for products with increased dimensional accuracy. The Machine Tool market in Taiwan has also been witnessing the increase in the development of high-speed machines. However, the lack of effective trade pacts with other countries could pose a challenge to the growth of this market.

TechNavio's analysts forecast the Global Hardware and Software Support Services market to grow at a CAGR of 3.43 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in the adoption of IT support services by the Government sector. The Global Hardware and Software Support Services market has also been witnessing an increasing focus on SMEs. However, the unstable global economic recovery could pose a challenge to the growth of this market.

TechNavio's analysts forecast the Global Composite market to reach US$28.34 billion by 2016. One of the key factors contributing to this market growth is the increasing demand from developing countries. The Global Composite market has also been witnessing developing strategic alliances and partnerships. However, the increasing price war among the competitors could pose a challenge to the growth of this market.

TechNavio's analysts forecast the Global Internet of Things market to grow at a CAGR of 32.67 percent over the period 2012-2016. One of the key factors contributing to this market growth is the growing number of connected devices. The Global Internet of Things market has also been witnessing increasing availability of IPv6. However, the security and privacy concerns could pose a challenge to the growth of this market.

TechNavio's analysts forecast the Global Lung Cancer Therapeutics market to grow at a CAGR of 13.26 percent over the period 2012-2016. One of the key factors contributing to this market growth is the significant growth of the Lung Cancer Therapeutics market in the US. The Global Lung Cancer Therapeutics market has also been witnessing an increase in the number of MandAs. However, the adversative side effects of lung cancer therapeutic drugs could pose a challenge to the growth of this market.

TechNavio's analysts forecast the Global Augmented Reality market to grow at a CAGR of 54.3 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for enhanced user experience. The Global Augmented Reality market has also been witnessing increasing partnerships or tie-ups between startups of this market and major players in the complementary markets. However, the inferior image quality of the objects captured by the augmented reality applications could pose a challenge to the growth of this market.

TechNavio's analysts forecast the Automotive Wheel market in India to grow at a CAGR of 10.56 percent over the period 2012-2016. One of the key factors contributing to this market growth is the upsurge in the Passenger Vehicle market in India. The Automotive Wheel market in India has also been witnessing a steady emerging focus on the Replacement market. However, automobile manufacturers entering the Wheels market in India could pose a challenge to the growth of this market.