Albany, NY -- (SBWIRE) -- 06/14/2016 -- This market study from Technavio segments the global dental hand pieces market by product type (air-driven hand pieces, electric hand pieces, and hybrid air-electric hand pieces), by speed of hand piece (low-speed hand piece and high-speed hand piece), and by geography (APAC, EMEA, and the Americas). Key vendors in this market are Dentsply, KaVo Dental, NSK, and Sirona.

Market outlook of the global dental hand pieces market -

A dental hand piece is a simple rotary mechanical device that is used for polishing, removal of tooth structures, and shaping of teeth. The market for dental hand pieces is positively influenced by factors like the rise in oral diseases, aging population, and an increase in dental clinics. All these factors combined together account for this markets moderate growth rate of more than 4% during the forecast period.

In this market research report, Technavio analysts estimate the Americas to account for the largest market share during the forecast period. High market dominance of this region can be attributed to factors such as the rising aging population and the presence of a sophisticated healthcare infrastructure.

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Segmentation by end user and analysis of the digitization IT spending market

- BFSI
- Manufacturing
- Telecommunications
- Retail/Wholesale
- Healthcare

The BFSI segment accounted for the largest market share during 2014 and is expected to reach USD 53 billion by the end of the forecast period. As the products and services offered by banks are becoming digitized, this sector is seeing substantial investments in digital capabilities such as social media, mobile payments, and big data analytics. For instance, American Express is leveraging its digital capabilities and assets to improve customer segmentation and provide better offerings to targeted customers.

Geographical segmentation and analysis of the global digitization IT spending market

- Americas
- APAC
- EMEA

The Americas dominate the digitization IT spending market and is expected to reach USD 71 billion by the end of 2019. The increasing availability of abundant skills, affordable technologies, and the favorable government support to develop ICT in Latin America is fuelling the growth of the region. Brazil and Mexico lead the Latin American market while the US and Canada lead the North American market in this region.

Competitive landscape and key vendors -

The digitization IT spending market is highly competitive due to the presence of several international and regional providers. Competition in this market is projected to intensify during the forecast period as several IT companies and business consulting firms entering the market.

Browse "ICT Market" reports at: http://www.researchmoz.us/ict-market-reports-96.html

Key questions answered in this report -

- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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