Taiwan's Semiconductor Industry Faces Challenges Amid Global Economic Slowdown
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On Mon, 15 Jul, 4:02 PM UTC
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Preventive Maintenance Software Market Big Growth Predicted for Market Size in the Future | Taiwan News | Jul. 15, 2024 06:52
Global Preventive Maintenance Software Market is valued approximately at USD $$ billion in 2022 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023-2030. A preventive maintenance software is a computer program specially designed to make the planning and execution of preventive maintenance tasks easier and efficient a CMMS (Computerised Maintenance Management System) with a "maintenance plans" feature is used. Furthermore, Preventive maintenance software helps maintenance teams achieve efficiency and consistency. Read the Market Summary Here:-https://reportocean.com/industry-verticals/sample-request?report_id=bw7500 It documents, tracks, and organizes tasks and procedures, giving team members centralized access to the information they need. Growing adoption of cloud computing and Growing number of small and medium sized enterprises. However, its importance has progressively increased during the last few decades. According to the Statista, Incredible Cloud Adoption The public cloud service market is expected to reach $623.3 billion by 2023 worldwide. 83% of enterprise workloads will be in the cloud by 2020. 94% of enterprises already use a cloud service. 30% of all IT budgets are allocated to cloud computing. According to the Statista in 2022, IT spending on enterprise software around 783 billion US dollars are spent globally on corporate software, an increase of 7.1% from the previous year. In addition, cloud- based solutions and automated scheduling would create a lucrative growth prospectus for the market over the forecast period. However, data integrity and initial implementation cost for preventive maintenance software is high which stifles market growth throughout the forecast period of 2023-2030. The key regions considered for the Global Preventive Maintenance Software Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America holds the dominating position in the global preventive maintenance software market and is expected due to high presence of market leaders and high penetration of smartphones offers a major demand for preventive maintenance software in the North America region. According to the Statista in 2023, the Smartphones segment will generate USD 75.91 billion in revenue. The market is anticipated to expand by 0.49% yearly CAGR 2023 to 2028. In 2022 will see 307 million smartphone users in the United States. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as developing AI and IOT enabled to enhance the growth across the region. For an in-depth analysis, you can refer sample copy of the report @-https://reportocean.com/industry-verticals/sample-request?report_id=bw7500 Major market players included in this report are: Microsoft Corporation International Business Machines Corporation Societas Europaea Statistical Analysis Systems Institute Software Application Gateway Tibco Software Inc. Hewlett Packard Enterprise Development LP Altair Engineering Inc. Splunk Inc. Oracle Corporation Recent Developments in the Market: In March 2023, Microsoft Corp introduced the Microsoft 365 Copilot for work we are excited to share the next step in our journey as we bring Copilot to more customers and introduce new capabilities. In March 2023, Tibco introduced new features for its analytics applications that will help customers more quickly extract insights from their data. Get a Free Sample PDF copy of the report @-https://reportocean.com/industry-verticals/sample-request?report_id=bw7500 Global Preventive Maintenance Software Market Report Scope: Historical Data: 2020 - 2021 Base Year for Estimation: 2022 Forecast period: 2023-2030 Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends Segments Covered: Deployment Mode, Enterprise Size, Industry Vertical , Region Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope* The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study. The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below: By Deployment Mode: On-Premise Cloud By Enterprise Size: Large Enterprise Small and Medium-Sized Enterprise Get an Exclusive Sample Copy of the Report at:-https://reportocean.com/industry-verticals/sample-request?report_id=bw7500 By Industry Vertical: Government and Defense Manufacturing Energy and Utilities Transportation and Logistics Healthcare and Life Sciences Others By Region: North America U.S. Canada Europe UK Germany France Spain Italy ROE Asia Pacific China India Japan Australia Download Sample Report, SPECIAL OFFER (Avail an Up-to 30% discount on this report) @-https://reportocean.com/industry-verticals/sample-request?report_id=bw7500 South Korea RoAPAC Latin America Brazil Mexico Middle East & Africa Saudi Arabia South Africa Rest of Middle East & Africa key questions for the market analysis: What are the present-day infrastructures of the markets? What are the possibilities and challenges in the market? What is the future potential for growth in specific industries? Which are the major geographic and market segments to target, and what are the end-user target organizations and their potential operational volumes? What is the representative and price chain probability breakdown? What is the market size and growth rate during the expected time frame? What are the major driving forces of the market? What are the key market trends that are impeding market expansion? What are the obstacles to market expansion? Who are the top vendors in the market? Can you provide a thorough SWOT analysis of the market? What threats and opportunities are faced by the current vendors in the global market? What are the trending factors affecting the markets in various regions? What initiatives are being taken with a strategic focus by the top vendors? Can you provide a PEST analysis of the five major market regions? Access Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=bw7500 About Report Ocean: We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports. Get in Touch with Us: Report Ocean: Email:[email protected] Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES Tel: +1 888 212 3539 (US - TOLL FREE) Website:https://www.reportocean.com/
[2]
Application Lifecycle Management Market Revolutionizing Business Growth with Future Market Size | Taiwan News | Jul. 15, 2024 09:04
Global Application Lifecycle Management Market is valued at approximately USD 3.54 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.20% over the forecast period 2023-2030. Application Lifecycle Management (ALM) is the process of managing the life of an application from concept to retirement. It involves people, tools, and processes that integrate various disciplines, such as project management, requirements management and governance. ALM also aims to ensure applications run efficiently and securely and meet the needs of end users and stakeholders. Read the Market Summary Here:-https://reportocean.com/industry-verticals/sample-request?report_id=bw7516 The Application Lifecycle Management Market is expanding because of factors such as the rising adoption of mobile devices and increasing usage of cloud-based technologies. Moreover, the expanding number of mobile devices and applications creates more complexity, which increases the service demand in the global market. Its importance has progressively increased during the forecast period of 2023-2030. According to the Statista in 2021, the global count of mobile devices in operation reached nearly 15 billion and it is projected that the number of mobile devices is estimated to reach 18.22 billion by 2025, indicating a growth of 4.2 billion devices compared to 2020.In addition, North America recorded the highest smartphone adoption rate, accounting for 84 percent of total mobile connections in 2022. It is projected that the region's smartphone adoption rate will further increase to 90 percent by 2030. The emergence of cloud based ALM solutions is enabling organizations to reduce infrastructure costs and increase flexibility. According to Statista in 2021, the global cloud applications market had a value of 133.6 billion U.S. dollars and is expected to reach 168.6 billion U.S. dollars by 2025. In addition, digital transformation, and rising demand for filter products in the global market would create lucrative growth opportunities. However, high implementation costs and a lack of knowledge about ALM solutions stifle market growth throughout the forecast period of 2023-2030. The key regions considered for the Global Application Lifecycle Management Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is dominating region during the forecast period owing to the, increasing adoption of innovative technologies, along with the growing consumption of premium alcoholic beverages and the trend of industrial digitalization, are rising factors in the region. Asia Pacific is fastest growing region during the forecast period owing to the factors such as the rising number of startups , increased demand for automation and rapid digitization in the region. For an in-depth analysis, you can refer sample copy of the report @-https://reportocean.com/industry-verticals/sample-request?report_id=bw7516 Major market player included in this report are: Micro Focus International plc Broadcom Inc. Atlassian Corporation Plc Microsoft Corporation International Business Machines Corporation Siemens AG Intland Software Perforce Software, Inc. CollabNet VersionOne Infliximab Recent Developments in the Market: In August 2021, Microsoft announced Azure DevOps Server 2020 Version 1.1, which enhances pipeline management, agile planning, and Git integration. The productivity of development teams using the Azure platform is increased by this release. In April 2021, The Italian software company myInvenio, which specialises in process mining, has been acquired by IBM. This acquisition is anticipated to assist IBM in advancing its hybrid cloud and AI strategy by giving its clients more automated and effective corporate processes. Global Application Lifecycle Management Market Report Scope: Historical Data: 2020 - 2021 Base Year for Estimation: 2022 Forecast period: 2023-2030 Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends Segments Covered: Solution, Platform, Deployment Mode, Application, Region Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope* Get a Free Sample PDF copy of the report @-https://reportocean.com/industry-verticals/sample-request?report_id=bw7516 The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study. The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below. By Solution: Software Services By Platform: Web-Based Applications Mobile-Based Applications By Deployment Mode: On-premise Cloud By Application: Automotive and Transportation Aerospace and Defense BFSI Retail Healthcare IT and Telecom Others Get an Exclusive Sample Copy of the Report at:-https://reportocean.com/industry-verticals/sample-request?report_id=bw7516 By Region: North America U.S. Canada Europe UK Germany France Spain Italy ROE Asia Pacific China India Japan Australia South Korea RoAPAC Latin America Brazil Mexico Download Sample Report, SPECIAL OFFER (Avail an Up-to 30% discount on this report) @-https://reportocean.com/industry-verticals/sample-request?report_id=bw7516 Middle East & Africa Saudi Arabia South Africa Rest of Middle East & Africa key questions for the market analysis: What are the present-day infrastructures of the markets? What are the possibilities and challenges in the market? What is the future potential for growth in specific industries? Which are the major geographic and market segments to target, and what are the end-user target organizations and their potential operational volumes? What is the representative and price chain probability breakdown? What is the market size and growth rate during the expected time frame? What are the major driving forces of the market? What are the key market trends that are impeding market expansion? What are the obstacles to market expansion? Who are the top vendors in the market? Can you provide a thorough SWOT analysis of the market? What threats and opportunities are faced by the current vendors in the global market? What are the trending factors affecting the markets in various regions? What initiatives are being taken with a strategic focus by the top vendors? Can you provide a PEST analysis of the five major market regions? Access Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=bw7516 About Report Ocean: We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports. Get in Touch with Us: Report Ocean: Email:[email protected] Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES Tel: +1 888 212 3539 (US - TOLL FREE) Website:https://www.reportocean.com/
[3]
Audit Software Market Evaluation Key Indicators and Growth Projections | Taiwan News | Jul. 15, 2024 10:22
Global Audit Software Market is valued at approximately USD 1.02 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 13.50% over the forecast period 2023-2030. Audit software is a computer program that is used to improve and automate the audit process. It is usually used to test and evaluate accounting procedures, which can be used by both external auditors and internal auditors. Audit software generally uses data analytics, algorithms, and artificial intelligence to analyze large volumes of financial and accounting data to identify potential errors, inconsistencies, or other anomalies. Read the Market Summary Here:-https://reportocean.com/industry-verticals/sample-request?report_id=bw7543 The growing emphasis on cost reduction, surging demand for automated audit processes, increasing regulatory compliance requirements, and rising adoption of cloud-based audit software are the major driving factors for market growth across the globe. The rising adoption of audit software in various industries BFSI, retail & e-commerce, IT & telecommunication, and government are playing a significant role in market development. For instance, in March 2023, Revenue Solutions, Inc. introduced its TaxMaster V5, the next-generation tax audit execution software that enables digital transformation for state and local governments. TaxMaster is a tried-and-true audit work papers solution that offers tools and templates to boost auditor uniformity and productivity. With more than 30 tax types supported and a brand-new set of closely integrated functions, TaxMaster V5 offers audit managers, supervisors, and auditors more productivity, functionality, adaptability, and creativity. Thereby, the growing focus on technological development is substantially augmenting the prominence of audit software in a wide range of end-use industries. Moreover, the increasing integration of advanced technologies such as artificial intelligence (AI), cloud, and machine learning (ML) with audit software, as well as the rising number of strategic initiatives by the key market players are presenting various lucrative opportunities over the forecasting years. However, the rising security and privacy concerns and the lack of awareness are challenging the market growth throughout the forecast period of 2023-2030. The key regions considered for the Global Audit Software Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing focus on technological advancements, and the presence of well-established market players. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecasting years. The rise in demand for audit software in various verticals, the growing trend of automated workflow, as well as recent developments and innovations are significantly propelling the market demand across the region. For an in-depth analysis, you can refer sample copy of the report @-https://reportocean.com/industry-verticals/sample-request?report_id=bw7543 Major market players included in this report are: IBM Corporation SAP SE Oracle Corporation Microsoft Corporation Resolver Gensuite Oversight Systems Wolters Kluwer/TeamMate Perillon Software Reflexis Systems Recent Developments in the Market: In October 2022: HotWax Commerce announced the introduction of Omnichannel Retail Sales Audit- OReSA- the company's latest software. OReSA performs daily sales data reconciliation, which also uses automation to make month-end financials simpler and swiftly detects crucial data integration issues. It was created to assist current clients who have experienced these all-too-common problems. In March 2020, Wolters Kluwer Tax & Accounting declared the launch of the company's TeamMate+ Public Sector- a cloud-based auditing software. The audit departments in the public sector benefit from this solution's ability to automate processes and speed audit execution. Global Audit Software Market Report Scope: Historical Data: 2020 - 2021 Base Year for Estimation: 2022 Forecast period: 2023-2030 Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends Segments Covered: Deployment, Enterprise Size, Vertical, Region Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope* Get a Free Sample PDF copy of the report @-https://reportocean.com/industry-verticals/sample-request?report_id=bw7543 The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study. The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below: By Deployment: Cloud On-premises By Enterprise Size: SMEs Large Enterprise By Vertical: BFSI Retail & Ecommerce IT & Telecommunication Government Energy & Utility Healthcare Others Get an Exclusive Sample Copy of the Report at:-https://reportocean.com/industry-verticals/sample-request?report_id=bw7543 By Region: North America U.S. Canada Europe UK Germany France Spain Italy ROE Asia Pacific China India Japan Australia South Korea RoAPAC Latin America Brazil Mexico Download Sample Report, SPECIAL OFFER (Avail an Up-to 30% discount on this report) @-https://reportocean.com/industry-verticals/sample-request?report_id=bw7543 Middle East & Africa Saudi Arabia South Africa Rest of Middle East & Africa key questions for the market analysis: What are the present-day infrastructures of the markets? What are the possibilities and challenges in the market? What is the future potential for growth in specific industries? Which are the major geographic and market segments to target, and what are the end-user target organizations and their potential operational volumes? What is the representative and price chain probability breakdown? What is the market size and growth rate during the expected time frame? What are the major driving forces of the market? What are the key market trends that are impeding market expansion? What are the obstacles to market expansion? Who are the top vendors in the market? Can you provide a thorough SWOT analysis of the market? What threats and opportunities are faced by the current vendors in the global market? What are the trending factors affecting the markets in various regions? What initiatives are being taken with a strategic focus by the top vendors? Can you provide a PEST analysis of the five major market regions? Access Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=bw7543 About Report Ocean: We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports. Get in Touch with Us: Report Ocean: Email:[email protected] Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES Tel: +1 888 212 3539 (US - TOLL FREE) Website:https://www.reportocean.com/
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Taiwan's semiconductor industry experiences a downturn due to global economic challenges. TSMC reports revenue decline, while UMC and Vanguard face reduced capacity utilization. The industry outlook remains uncertain.
Taiwan Semiconductor Manufacturing Co. Reports Revenue Decline
Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, has reported a significant drop in revenue for May 2023. The company's consolidated sales fell by 5% month-on-month to NT$147.88 billion (US$4.81 billion), marking a 10.2% decrease compared to the same period last year 1. This decline reflects the ongoing challenges faced by the global semiconductor industry amid economic uncertainties.
United Microelectronics Corp. Experiences Similar Setback
United Microelectronics Corp. (UMC), another major player in Taiwan's semiconductor sector, has also felt the impact of the economic slowdown. The company reported a 7.7% month-on-month decrease in consolidated sales for May, totaling NT$18.46 billion 2. Compared to the previous year, UMC's revenue dropped by 23.6%, indicating a more severe downturn than its larger counterpart, TSMC.
Vanguard International Semiconductor Corporation Faces Capacity Utilization Challenges
Vanguard International Semiconductor Corporation, a subsidiary of TSMC, has not been immune to the industry-wide challenges. The company announced that its capacity utilization rate is expected to fall below 70% in the second quarter of 2023 3. This decline is primarily attributed to inventory adjustments by its customers, reflecting a broader trend of reduced demand in the semiconductor market.
Industry-wide Impact and Future Outlook
The semiconductor industry's current struggles are not limited to these companies alone. The global economic slowdown, coupled with geopolitical tensions and supply chain disruptions, has led to a decrease in demand for electronic devices and, consequently, for semiconductors. This has resulted in inventory build-ups and reduced orders from major clients across various sectors.
Strategies for Navigating the Downturn
Despite the challenging environment, Taiwan's semiconductor companies are taking steps to mitigate the impact of the slowdown. TSMC, for instance, is continuing to invest in advanced technologies and expand its global footprint. The company is also diversifying its client base to reduce dependency on any single market or customer.
UMC and Vanguard are focusing on optimizing their operations and exploring new market opportunities. These companies are also investing in research and development to stay competitive in the rapidly evolving semiconductor landscape.
Implications for Taiwan's Economy
The semiconductor industry plays a crucial role in Taiwan's economy, and the current downturn could have broader implications. The government and industry leaders are closely monitoring the situation and considering measures to support the sector during this challenging period.
As the global economy continues to face uncertainties, the future of Taiwan's semiconductor industry remains unclear. However, the long-term demand for semiconductors is expected to grow, driven by emerging technologies such as artificial intelligence, 5G, and the Internet of Things. The industry's ability to weather the current storm and position itself for future growth will be critical for Taiwan's economic prosperity.
Reference
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Taiwan's Semiconductor Industry Faces Challenges Amid Global Economic Slowdown
Taiwan's semiconductor industry experiences a downturn due to global economic challenges. TSMC reports revenue decline, while UMC sees growth. The industry adapts to changing market conditions.
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