Professional Mobile Radio Market Expected to Reach US$ 36,285.7 Mn by 2026

According to a new market report Professional Mobile Radio Market, published by Transparency Market Research, the global professional mobile radio market is expected to reach US$ 36,285.7 Mn by 2026, expanding at a CAGR of 9.8% from 2018 to 2026. According to the report, the global market is expected to be influenced by a range of macroeconomic and industry-specific factors. North America is estimated to be at the forefront of global demand, with the market in the region expanding at a CAGR of more than 9.0% through 2026. Technical advancements, increased digitization, and the presence of a large number of professional mobile radio manufacturers are anticipated to significantly influence the global professional mobile radio market in North America.

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Growing significance of efficient critical communication operations across the world and increasing adoption of digital technology in the communication sector driving the global professional mobile radio market

Increasing adoption of professional mobile radio (PMR) devices for public safety and government organizations for mission critical communication operations is expected to boost the overall market in the near future. The ability of PMR devices to offer cost-effective and reliable communication systems is fueling the demand for them. Furthermore, convergence of public and private LTE network with PMR technology is expected to boost the demand for PMR devices across different application areas during the forecast period. Moreover, increased presence of a number of professional mobile radio manufacturers and post-sale service providers across the regions has led to a subsequent rise in the demand for professional mobile radio devices, which is likely to propel the market during the forecast period.

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In terms of professional mobile radio system, both North America and Europe are mature markets owing to high awareness among users and technological development. However, the market in Asia Pacific is expected to witness robust expansion from 2018 to 2026. Rising penetration of technology as well as significant investments in the communication sector and digitization across countries such as the U.S., the U.K., Germany, France, China, India, South Africa, and Brazil is anticipated to offer prominent opportunities for professional mobile radio providers in the near future.

Global Television Broadcasting Services Market to Bag US$755.7 Bn as Demand for HD Content Increases

The global television broadcasting services market is anticipated in a report by Transparency Market Research (TMR) to find companies shaking hands with technology firms with a view to expand their presence in the industry. Companies could also focus on aligning their distribution and production operations to help secure a leading share of the market. Besides this, there could be high emphasis on improvement of services with respect to content quality. The market marks the presence of top companies such as CBS Interactive, CANAL+ GROUP, British Broadcasting Corporation (BBC), AT&T, Inc., and A&E Television Networks, LLC.

TMR envisages the global television broadcasting services market to rise at a 6.9% CAGR for the forecast period 2018-2026 to earn US$755.7 bn by the completion of 2026. In 2017, the market was valued at a US$418.1 bn. On the basis of delivery platform, it is envisioned to witness the rise of cable television broadcasting services throughout the course of the forecast period. By region, North America could take the lead in the market, considering its US$190.0 bn valuation achieved in 2018.

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Shift to Consumer-driven Model Builds Platform for Growth

The global television broadcasting services market is foreseen to gather pace in its growth with advertisement regarded as a leading revenue source and rising demand for HD content. The shift in trend from provider-driven to consumer-driven observed in the television market could bode well for the rise of broadcasting services. Increasing consumer expectations could be met with technological advancement in the manufacturing of devices and rising quality standards.

With swelling consumer preference for high-quality content, demand for top-end over-the-top television (OTT) services such as HBO Go is expected to improve in the near future. In 2017, ownership of HD televisions touched 85.0%, according to the finding mentioned in the Ericsson Mobility Report 2017.

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Robot Operating System (ROS) Market to Expand At 8.8% of CAGR Due To Its User Friendly Nature

The global robot operating system market is anticipated to grow at an exponential rate, according to a report by Transparency Market Research. Top six vendors in the market are ABB Ltd., Clearpath Robotics, Omron Adept Technologies Inc, iRobot Corporation, Kuka AG, and Stanley Innovation, who are continuously investing in research and development activities, thus balancing the supply-demand chain. Companies like ABB and Faunc Corporation are looking forward to invest more on research and innovation, in order to make quality robots and a better ROS. These organizations are expanding geographical footprints by collaborating or acquiring local company in order to reach to the target customers. These expansion of these major players are providing a lucrative demand for ROS market.

It is anticipated that the healthcare industry to boost the growth of the ROI market under the commercial and industrial sectors. Healthcare sector is expected to push the growth of the market. Geographically, Asia Pacific has shown an impressive growth in robots, both in volume and robots. Countries such as Japan, Thailand, and The republic of Korea manufacturing commercial and industrial robots both in high volume and is expected to show in years to come. The global robot operating system is anticipated to rise with a CAGR of 8.8% during the forecast period which is from 2018 to 2026. During this period the market is envisaged to reach US$402.7 mn.

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Rise In Funds for Research and Developments, Promotes the Market Growth

Factors such as adoption and funding in research and development activities is expected to drive the global ROS market. Rise in need of hardware and software which are easily adopted in research work and at considerable low amount is trying to boost the growth of the market. ROS helps in reducing the complexities of while developing robotics projects. Other factors such as the increase in speed during the software development process by ROS is considered as one of the major reason behind the upswing of the market. These days, healthcare facilities are showing interest in robotics, by bringing robots in operation theatre. Robots have already gained the trust of patients and doctors, and is expected to continue growing in future.

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Change Management Software Market to Reach Around US$ 3,294.9 Mn by 2026

Transparency Market Research (TMR) has recently published a new report titled “Change Management Software Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to this report, the global change management software market was valued at US$ 1,063.8 Mn in 2017 and is anticipated to expand at a CAGR of 13.6% from 2018 to 2026. North America is expected to continue to dominate the market during the forecast period. The market in the region is projected to expand at a CAGR above 12% between 2018 and 2026. A shift from traditional systems to cloud-first approach among enterprise application buyers, stringent government regulations, and rise in connected devices are expected to propel the change management software market.

Factors such as digital transformation and rapid changes in IT, and Automation of IT systems and applications drive the market

Presently, various enterprises are digitizing critical tasks across its value chain. As IT continues, old technology needs to be replaced or existing solutions need improvements to address challenging applications. Additionally, if not planned properly, digitization makes it difficult to manage changes within the enterprise. Stakes involved with the changes to key business systems are higher and a slight error can cause adversely affect and cause loss of resources. Therefore, organizations are using change management software solution for monitoring and troubleshooting networks. Moreover, increase in demand for automated change management solution to simplify the change complexity and chaos in hybrid enterprises. Change management software help minimize errors arising due to changing configurations, improve worker productivity, and simplify overall IT change management process.

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Cost-effective cloud-based solutions play pivotal role in the expansion of the market

The change management software market is divided into four segments, namely deployment type, component, end-use industry, and geography. In terms of deployment mode, the cloud-based deployment model is more sought-after among users. Expansion of the cloud-based segment is due to its cost-effectiveness, flexible pricing models, and increase in demand for solutions from small and medium businesses. The cloud-based segment is expected to expand at a CAGR of above 17% during the forecast period. The services segment is anticipated to expand at the highest CAGR during the forecast period.

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Increase in investments by IT & Telecom and Governments in digitization is driving the change management software market

Several end-use industry verticals, especially government and IT & telecom are utilizing change management software solutions to track and manage IT changes within the enterprise. Demand for change management solutions continues to increase as it helps process automation, maintain audit trail for compliance purposes, and collaborate and schedule planned changes.

Master Recharge API Market Expected to Reach US$ 16,150 Mn by 2026

According to a new market report Master Recharge API Market, published by Transparency Market Research, the global master recharge API market is expected to reach US$ 16,159.3 Mn by 2026, expanding at a CAGR of 5.2% from 2018 to 2026. According to the report, the global market will continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific (APAC) will continue to be at the forefront of global demand, with the market in the region growing at above 6% through 2026. Recharge API commercial applications across retail and ecommerce are anticipated to significantly influence the global master recharge API market growth across the APAC region.

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Growing smartphone users across the world and increasing adoption of online payments driving the global master recharge API market

Globally, the number of smartphone users is booming with the trend shifting toward a single user having more than one smartphone or multi-SIM connections. Further, online payment technologies and platforms are proliferating into the end-use market with a remarkable growth rate. The global master recharge API market is expected to witness a positive growth outlook due to this rise in customer base and number of transactions per customer. The trend is further strengthened by growing emphasis on digital payments and proliferation of service networks by vendors for last mile connectivity.

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Recharge API developing companies are enhancing their offerings by introducing advanced recharge platforms and secure and efficient payment modes. Moreover, recharge providers or utility billing, hotel, bus, and air travel booking service providing companies are open to partnerships with API developers to tap a wider customer base with services delivered globally. Prepaid mobile recharge services in the global market is experiencing significant growth. Moreover, over the years, utility billing and DTH recharge services are switching from offline channels to online platforms and this trend is set to drive demand for master recharge API. Furthermore, increased presence of a number of telecom service providers across regions has led to subsequent rise in number of recharge service providers, retailers/resellers, distributors, white label companies, and API integrators across the world. This is likely to supplement the market growth during the forecast period. Rising penetration of internet as well as significant investments in telecommunication infrastructures and digitization across countries such as India, South Africa, Brazil, and Malaysia is anticipated to offer prominent opportunities for master recharge API providers in the near-term.

Network Forensics Market to Reach US$ 4,232.0 Mn by 2025

The global market for network forensics is at a developing stage and is likely to attain a strong growth over the next few years, states a new market study presented by Transparency Market Research. At present, the market is fragmented in nature with the presence of several players operating across the globe. The market is expected to experience a substantial rise in the competitiveness over the next few years. Technological advancements and the development of new products are projected to create potential growth opportunities for the players in the near future. Also, the launch of new products is likely to support the development in the coming years. The key players engaged in the network forensics market across the globe are NETSCOUT Systems Inc., RSA Security, VIAVI Solutions Inc., NIKSUN Incorporated, IBM Corporation, FireEye, Inc., LogRhythm, Inc., Savvius, Inc., Symantec Corporation, and Cisco Systems, Inc.

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As per the research study by TMR, in 2016, the global market for network forensics stood at US$ 1,324.8 Mn and is estimated to attain a value of US$ 4,232.0 Mn by the end of 2025. The market is anticipated to register a promising 14.10% CAGR between 2017 and 2025. The North America market for network forensics is expected to account for around 30% of the market share and is likely to register a healthy growth rate in the next few years. The rising number of cyber security threats in banking sectors and government organizations are the key factors that are predicted to ensure the development of this region in the coming few years. Asia Pacific is estimated to experience a potential growth in the coming years.

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Rising Cases of Cyber Threats to Ensure Growth of Network Forensics Market

In the last few years, there have been several cases of advanced cyber threats, such as DDOS, Ransomware, and APTS, which is considered as the prime factor that is anticipated to accelerate the development of the network forensics market in the coming few years. The rise in the demand for next-generation and integrated network forensics solutions is further projected to ensure the growth of the overall market in the coming years. In addition to this, the growing level of sophistication in hacking and attacking techniques is further projected to boost the demand for network forensics in the coming years.

Furthermore, the technological developments and the launch of new products are estimated to enhance market growth in the coming years. The increasing adoption of cloud-based network forensics solutions is predicted to accelerate the growth of the network forensics market over the next few years. Also, the strict rules and regulations and the regulatory compliances imposed by government are expected to drive the network forensics market in the next few years.

Runtime Application Self-Protection Market: Advent of Cloud Computing and Virtualization to Provide Lucrative Growth Opportunities

The presence of established players in a large number points towards the prevalence of a highly competitive business landscape in the global runtime application self-protection (RASP) market, states Transparency Market Research in a new report. Arxan Technologies Inc., Contrast Security Inc., Veracode, Micro Focus International plc, VASCO Data Security International Inc., Signal Sciences, IMMUNIO, Pradeo, Waratek, and Prevoty Inc. are some of the leading players operating in this market. The advent of cloud computing and virtualization is projected to provide lucrative growth opportunities to the vendors of runtime application self-protection solutions across the world in the years to come, notes the market study.

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According to the Research report, the global market for runtime application self-protection offered an opportunity worth US$0.25 bn in 2016. It is expected to rise at an exponential CAGR of 32.40% over the period from 2017 to 2025 and attain a value of US$3.13 bn by the end of the forecast period. In terms of the component, the market is led by the solutions segment, which is expected to acquire a market share of 70.3% by 2025, retaining its dominance. With to the increased need for security of the financial transaction in a number of BFSI applications, the BFSI industry is anticipated to surface as the leading end user of runtime application self-protection solutions in the years to come. Regionally, North America has been leading the worldwide market for runtime application self-protection on account of the increased number of cyber-attacks. Researchers expect this regional market to remain on the top over the next few years, states the research report.

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Increasing Implementation of Stringent Regulatory Policies to Protect Sensitive Information to Fuel Demand

“The emergence of cloud computing and the increasing trend of virtualization is boosting the demand for runtime application self-protection solutions substantially,” states the author of this study. The increasing need to secure critical applications and data in enterprises and the non-involvement of security professionals during the systems development life cycle are also supporting the growth of the global runtime application self-protection market significantly.

Exploration and Production Software Market: Increasing Investments in Hunt for Reserves of Unconventional Gas Spikes Demand

Transparency Market Research states that the global exploration and production software market is quite fragmented. As of 2015, the top three companies, Schlumberger Limited, Paradigm B.V., and Landmark Solutions held a share of 16.4% in the overall market. The report states that the companies are expected to make investments toward research and development of revolutionary technologies. Making the products feature-rich is expected to be key strategy of these players to remain relevant in the cut-throat competition.

According to Transparency Market Research, the global exploration and production software market was worth US$3,693.9 mn in 2016 and is expected to reach US$14,149.6 mn by the end of 2025 as the market expands at a CAGR of 16.3% between 2017 and 2025. Out of the various types of software, the production software segment is poised to make a mark on the global market. During the forecast period, this segment is expected to surge at a CAGR of 18.7%.

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Increasing Demand for Oil and Gas in Urban Areas Spikes Demand for Exploration and Software Market

The increased growth of the global oil & gas industry has led to growing demand for exploration and production (E&P) software. New oil and gas exploration activities, along with heavy investments in refineries and pipelines in the Americas, Asia Pacific, and the Middle East & Africa are the major factors driving the market’s growth. The market is also driven by the increasing exploration level of unconventional gas resources worldwide.

In recent years, the depletion of conventional gas sources (found in sandstone and requiring traditional methods for extraction) has resulted in a shift from conventional gas to unconventional sources. This is reducing the dependency of the global oil & gas industry on conventional gas sources. This emerging trend has shifted its focus toward unconventional gas sources, which require the use of latest software and technologies for the extraction of gas through horizontal drilling. This is also helping the oil & gas industry reduce its carbon footprint.  Moreover, the growing rise in technological advancements has driven the usage of usage of oilfield equipment including E&P software across the globe. The market’s growth is currently restricted by the fluctuating oil & gas prices worldwide.

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Market for Consumer Mobile Security App to Reach US$ 12.9 Bn Value by 2026-end

Coming a long way from its inception, mobile technology has evolved in a short span of time and devices such as smartphones have effectively penetrated consumer lifestyles. However, their prevalence in our lives and our growing dependency on them has raised concerns of securing such devices from threats. Consumers should be aware of the fact that their smartphones and tablets are exposed to a range of threats that can hamper the functioning of these devices, render them useless, and even damage the consumer lifestyle by hacking through their personal data.

Transparency Market Research has addressed several such factors influencing the growing demand for consumer mobile security app, in its exclusive market study. According to this report, the global consumer mobile security app market is anticipated to expand robustly at a CAGR of 16.2%, reaching a valuation of nearly US$ 12.9 Bn by the end of the forecast period, 2017-2026. Increasing incidence of cyber-attacks and growing integration of smartphones in professional lives has compelled the consumers to install mobile security app in these devices. The report has also profiled leading developers of consumer mobile security app in the global market. A majority of consumer mobile security app developers around the world are anticipated to focus on dissolving loopholes caused by cloud technologies, which make security breach easier for hackers. Companies namely, Symantec, VMWare Airwatch, TrendMicro, Norton, TrustGo, McAfee, Sophos, AT&T, Webroot, and ZoneAlarm are anticipated to remain active in the expansion of the global consumer mobile security app market through 2026.

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Demand for Integrated Apps to Gain Traction

Key findings from the report reveal that the global consumer mobile security app market will incur a majority of its revenues from integrated apps. While standalone apps continue to face compatibility issues and installation complexities, consumers will continue to opt for devices integrated with mobile security applications. This has also increased the partnerships between app developers and smartphone makers. In 2017, over US$ 2.6 Bn worth of integrated consumer mobile security apps are expected to be sold in the global market.

The report has also revealed that a majority of these apps will be used to facilitate security to devices working on Android operating system. In terms of revenues, Android operating systems are estimated to account for nearly US$ 6.8 Bn in the global market by 2026-end. iOS will be observed as the second-leading operating system in the global consumer mobile security app market, registering fastest revenue growth at a CAGR of 20.5 during the forecast period.

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Mounting Need for Efficient Traffic Management to Drive Vehicle Analytics Market

The global vehicle analytics market is forecasted to showcase a stellar growth in the coming years, according to Transparency Market Research (TMR). The report states that the vendor landscape is characterized with rising competitiveness between industry players. The vendors are expected to focus on acquisitions, partnerships and collaborations, to expand their geographical outreach as well as enhance their product portfolio. A number of vendors are increasingly investing in upgrading their existing products in order to beat the competition. Some of the leading vendors in the global vehicle analytics market are Harman International Industries, Amodo, INRIX, Automotive Rentals, Inc., and SAS Institute Inc.

According to TMR’s report, the global vehicle analytics market was roughly evaluated to be US$ 646.8 mn in 2017. With an outstanding 20.9% CAGR, the vehicle analytics market is prognosticated to rise to US$10,215.5 mn over 2017 and 2022, the forecast period.

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Segmented on the basis of end-user, the segment of tier 1 suppliers is predicted to emerge as the leading share holder of the global vehicle analytics market. The rise of the end-user segment could be ascribed to the pivotal role played by software and hardware suppliers to other industries.

Geographically, the market is prognosticated to witness the dominance of Europe, owing to the large presence of automotive manufacturers in the region, particularly in Germany and the U.K. The region is expected to hold over one-third of the global vehicle analytics market, attributed to the swift adoption of car analytics solutions as well as electric vehicles. The region is also favored due to encouraging government and regulatory policies.

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Rising Need for Real Time Tracking to Elevate Demand for Vehicle Analytics  

               

The significance of vehicle analytics is likely to be realized with the mounting need for automation, fleet and mobility management. Manufacturers are increasingly integrating advanced vehicular technology in their products, thus enabling transport service providers to enhance operational efficiency, and provide improved customer service while offering sustainability. Vehicle analytics empowers advanced analytics and helps in managing and streamlining different operational procedures. The focus of manufacturers is slowly shifting towards inclusion of artificial intelligence, machine learning, and predictive analysis in vehicles, making them even more tech-savvy.

Ubiquity of Cloud to Provide Lucrative Growth Opportunity

The coming years are expected to be a host to all kinds of cloud services and platforms, and the automotive industry is also slated to witness the proliferation of cloud and related services in the coming years. Cloud connectivity promises better route mapping, traffic management, and effective transport parameters. The automotive industry is likely to benefit from the introduction of cloud technology with more streamlined processes, lowered accidental situations, real time tracking, traffic and predictive analytics, turning the need for safe, pragmatic autonomous vehicles a reality. This is a significant factor fuelling the growth of the global vehicle analytics market. 

While there are some challenges plaguing the industry, such as network coverage and interoperability issues, and high capital investment in the sector, the rapidly rising adoption of advanced vehicular technologies will help overcome the these hindrances and promote the global vehicle analytics market.

Enterprise Content Management Market: Demand for High Information Security Stemming from Diverse Industries Stokes Growth

Looking to achieving the top slot amidst competitive trends, the leading players in the global enterprise content management (ECM) market are launching innovative solutions. Besides this, several companies are providing cloud-based solutions to offer improved experience through better storage availability, remote access, and real-time access on a cloud-based platform, finds Transparency Market Research (TMR) in a new study. Strategies adopted by these enterprises over the last couple of years and the ones they are contemplating to implement in the coming years reflect have a profound impact on the market. On studying these, readers can get a comprehensive market overview. TMR has identified companies such as Datamatics Global Services Ltd., Alfresco Software, Inc., Hyland Software, Inc., Capgemini S.A., EMC Corporation, IBM Corporation, M-files Inc., Pennywise Solutions Private Ltd., Tata Consultancy Services, and SAP SE as some of the leading players in the global enterprise content management market.

TMR has pegged the overall value of the global enterprise content management market at US$9,117.4 mn in 2016. Exhibiting a CAGR of 9.0% between 2017 and 2025, the market is expected to reach US$19,904.8 mn by the end of 2025. Among industries reporting demand for enterprise content management, BFSI is at the fore. In addition, a significant increase in the demand from the retail segment is also expected through the forecast period. Among the key regional segments, North America emerged dominant, holding nearly 38% of the global enterprise content management market in 2016.

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Rising Investment toward Strengthening ECM Architecture to Give Impetus

Over the coming years, the global enterprise content management market is likely to report steady growth gaining from investment surge in the ECM architecture. A majority of these investments are coming from emerging nations such as India and Brazil. Given the scenario, experts predict massive growth for the market in terms of scalability, investments, and robustness as an increasing number of end users invest in cloud-based ECM solutions.

In addition, the rising awareness among prospects customers regarding their diverse applications will enable growth in the global enterprise content management market. In the last couple of years, cloud-based ECM solutions have found increasing applications in various sectors including banking and financial services, insurance companies, consumer goods, energy and power, education and academia, securities and capital markets, healthcare, defense, media and transportation, and IT and Telecom. A common thread between these industries is that all they require high information security hence emerging as prime consumers of the technology.

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Global Market for Cloud Encryption to Exhibit 21.5% CAGR from 2017 to 2025

According to the global cloud encryption market is highly consolidated. A few key players who are well established are holding key market shares. Names of the leading players operating in the cloud encryption market are: Thales e-Security Inc., Sophos Group Plc., CipherCloud Inc., IBM Corporation, Secomba GmbH, Gemalto NV, Hytrust Inc., Symantec Corporation, and Netskope Inc. Key players are indulging in technological innovations to strengthen their foothold and eliminate competition. Companies such as SonicWall Inc have released a range of advanced cloud security products in 2017 including SonicWall Cloud Analytics application for deep security data analysis and automated breach detection. Players are also looking to tap on the markets in emerging nations of Asia Pacific as these nations are rapidly adopting cloud solutions.

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As per estimates of the TMR report, the global cloud encryption market will be worth US$2,912.3 mn by the end of 2025. The market is expected to showcase an outstanding CAGR of 21.5% between 2017 and 2025. On the basis of service model, the infrastructure as a service (IaaS) segment is expected to lead in the market on account of its various benefits over other service model components. By end user, the Telecom and IT segment are expected to be leading among the key industry verticals. On the basis of geography, North America has been leading in the market for cloud encryption.

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Security to Remain Primary Factor for Adoption of Cloud Encryption

According to the report, the dire need to encrypt data before it is transferred for storing in the cloud is the primary factor behind the growth of the global cloud encryption market. The rise in the penetration of cloud encryption Solutions is also due to the high demand for security capabilities for cloud storage. The rising adoption of advanced data storage technology and data storage architecture small and medium Enterprises will also fuel the demand for Cloud encryption solutions. This particular Trend regarding the adoption of advanced data storage technology and data storage architecture by small and medium Enterprises is particularly true for emerging Nations such as India, China, and Japan on account of the growing adoption of software-as-a-service distribution model.   SMEs are increasingly shifting to Cloud from in-house data centers. This is because of the various applications which help in the saving and managing cost of their data centers. This in turn is expected to bolster the demand for cloud encryption.

Global Mining Hoses Market: Players Vie to Diversify Product Portfolio for Competitive Gains

The presence of a handful of large players in the global mining hoses market that hold key market share features a consolidated yet competitive vendor landscape, says a recent market study by Transparency Market Research (TMR). A noticeable trend observed among key players is focus for a diversified product portfolio by means of innovative technologies to up the ante against competitors. Topnotch players are also vying to tap growth opportunities in under-penetrated markets in the emerging economies of Asia Pacific.

Some of the prominent companies operating in the global mining hoses market are Trelleborg Group, Metso Corporation, Continental Group, Weir Group plc, Novaflex Group, TESS, Hose Solutions Inc., Eaton Corporation, Goodall, and ALFAGOMMA Spa among others.

As per estimates of the TMR report, the global mining hoses market is expected to expand at a CAGR of 7.30% during the 2017-2025 forecast period, for the market to present an opportunity worth US$483.4 mn by 2025.

Among the various transporting media segments, the slurry segment holds the leading share in the overall market. Synthetic rubber segment leads over natural rubber segment on the basis of material type in the mining hoses market. Geography-wise, Asia Pacific is a key revenue contributor to the global mining hoses market.

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Efforts to Revitalize Mining Industry Stokes Growth

Driven by a number of favorable factors, the global mining hoses market is experiencing steadfast growth over the last couple of years. First and foremost, the global mining industry is witnessing a positive growth outlook after the recovery of the global economy post the economic recession of 2008-09. The surge in production of various minerals such as copper, iron, and gold to serve various end-use industries is acting in favor of the growth of the mining hoses market globally. Further, initiatives from several governments to revitalize the mining industry is indirectly benefitting the mining hoses market.

Mining hoses find application in a number of intermediate processes during the mining of minerals. This includes heavy material handling and transportation of slurry or industrial water/alkali among others. Additionally, it is also used for the pumping of extremely abrasive materials from mining sites. To serve this, mining hoses are manufactured from high quality natural or synthetic rubber that are based on pressure, temperature, and dimensions that vary according to mining operations.

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Remote Mobile Payment Market Driven by Ubiquity of Smartphones

Although the global remote mobile payment market is currently in nascent stage, a fresh study by Transparency Market Research (TMR) assures that the future is highly prosperous, with the demand estimated to increment at an incredible CAGR of 44.9% during the forecast period of 2017 to 2022. As per the projections of the TMR report, the global remote mobile payment market will be worth US$7,526,127.9 mn by 2022, exponentially up from its evaluated valuation of merely US$1,176,712.6 mn in 2017. The report identifies ACI Worldwide, Inc., Samsung Electronics Co Ltd., Alphabet Inc., DH Corporation, Apple Inc., Visa Inc., Square, Inc., PayPal Holdings, Inc., Mastercard Incorporated., Fidelity National Information Services, Inc., and Fiserv, Inc. as some of the key companies currently operating in the global remote mobile payment market.

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Competition Intensifying With Increasing Number of Participants

As far as the competitive landscape is concerned, the TMR report has detected that an increasing number of companies are venturing into the global remote mobile payment market and intensifying the zest to hold the pole position. This is primarily a result of a new revenue avenue opening for the hardware, electronic, and technology companies, giving them a bite out of the banking sector. That being said, security is at the backbone of this emerging technology and hence, new entrants are not finding it easy to impart their authenticity and challenge the market leaders. In the near future, more and more prominent names are expected to make a foray into the remote mobile payment market, but only those who can remain vigilant and immune from escalating data security concerns will be able to hold themselves ahead of the curve.

M-commerce is the most profitable segment of the global remote mobile payment market, in terms of mode of payment. This segment represented 89.9% of the market in 2017, a worth of US$105,836.1 mn, and is estimated to reach a valuation of US$707,081.1 mn by 2022, representing 94.0% of the overall demand. This segment is expanding at a CAGR of 46.2% and generating a revenue of US$12,024.8 mn annually. Geographically, North America is most lucrative region, with the valuation projected to reach US$264,646.3 mn by 2022, expanding at a CAGR of 48.3% during the said forecast period.

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Payment Security Software Market: Increasing Strategic Alliances among Players to Lead to Market Consolidation

According to a research report by Transparency Market Research (TMR), the global payment security software market is characterized by innovation in technology. Strategic alliances among software and hardware providers is also a key trend in this market. The leading vendors of payment security software, such as Symantec, Intel, Cisco Systems, HCL Technologies, and Thales e-Security, are engaging into mergers, acquisitions, and partnerships increasingly in a bid to strengthen their presence across the world. Over the forthcoming years, the market is expected to move towards consolidation, which is anticipated to intensify the competition between the companies, notes the research study.

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The report estimates the opportunity in the worldwide market for payment security to expand at a CAGR of 8.90% during the period from 2017 to 2025, reaching US$23.7 bn by the end of the forecast period. Currently, security information and event management (SIEM) software reports a greater demand from end users and this trend is projected to continue over the next few years. Among end users, the banking, financial services, and insurance (BFSI) sector is registering a high adoption of this software. Mobile payments have surfaced as the most preferred mode of payment for cashless transaction, which is reflected on demand for payment security software in this segment.

Thanks to the increased uptake of online payment methods, North America has emerged as the leading regional market for payment security software. With the rising investment in online payment technology, this market is anticipated to retain its position over the period of the forecast, states the research report.

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Digital Transformation in Payment Methods to Fuel Demand for Payment Security Software

“The increasing number of cashless transactions is the main factor behind the rising demand for payment security software across the world,” says a TMR analyst. With the ongoing digital transformation, the payment market is witnessing a significant change in the pattern of financial transactions, which is shifting towards cashless increasingly.

The digitization across industries is leading to high investments in the development and the deployment of new technologies, encouraging them to come up with technical competence that ensure fast, secure, and easy financial transaction and exchange of information over the Internet. As online payment is susceptible to a number of security threats, the need for payment security software is increasing constantly to prevent the losses incurred due to frauds and data breaches.

UPS Market: Players Bank on Technological Innovations for Competitive Gains

The dominance of a handful of large players renders stiff competition in the global UPS market, says Transparency Market Research in a new report. Keen players are striving to launch technologically advanced products to stay competitive in this market which is at a mature stage.

Key participants in the global UPS market to name a few are Eaton Corporation Plc., Emerson Electric, Uninterruptible Power Supplies Ltd., Mitsubishi Electric Corporation, Riello Elettronica, Schneider Electric SE (APC), Legrand, Vertiv Co., and ABB Limited.

A report by Transparency Market Research envisages the global UPS market to peg a CAGR of 7.5% between 2017 and 2025, for the market to become worth US$9,881.9 mn by the end of 2025 from US$5,201.9 mn in 2016.

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Data center and facility application segment led the UPS market in 2016 in terms of revenue. Going ahead, the segment is expected to clock a significant 7.5% CAGR between 2017 and 2025. Based on kVA range, in 2016, 20.1-60 kVA range segment accounted for the leading revenue contribution mainly because of its high adoption in data centers. On the other hand, the segment of less than 5kVA segment is predicted to expand at a significant CAGR from 2017 to 2025.

Geography-wise, Europe followed by North America were the leading revenue generating regions in 2016. These regions are expected to hold on to maintain their positions over the forecast period.

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Generation of Massive Volume of Mobile Data Benefits Market

Majorly fuelling the global UPS market is the increasing frequency of power fluctuations and growth in the number of data centers and cloud storage utilization capacity. Natural causes, short circuits as well as manmade outages are the some of the key factors for power fluctuations that can cause equipment degradation over a period or instantaneous loss of data stored on the equipment. This necessitates power backup, especially in emerging economies that do not have reliable energy infrastructure.

Power backup in small and large scale industries protects sensitive equipment from getting damaged in the event of fluctuations in the power grid. UPS systems are crucial for hospitals wherein power fluctuations can put patients’ life in danger. UPS systems are also crucial for factories to prevent accidents, loss of downtime.

At present, expansion of wireless internet connectivity and the incessant penetration of smartphones have led to generation of massive volumes of data thus leading to the need for mega capacity data centers. Data centers require continuous power supply to protect operational data, IT equipment and to keep cooling systems running. Emerging economies such as China and India have emerged as preferred destinations for setting up data centers due to the advantage of reliable infrastructure at low costs.  Global mobile service providers are constructing mega capacity data centers in these destinations to manage rapidly-increasing data traffic. As a result, Asia Pacific is emerging to be a key market for UPS for power backup needs of these establishments.

Lastly, advancements in UPS systems leading to the development of transformer-less UPS, lithium-ion technology and modular UPS are expected to positively influence the market’s growth.

3D Printing Market to Gain Impetus from Rising Application across Diverse Industries

Presence of several large and small players has rendered vendor landscape in the global 3D printing market highly fragmented. As these companies rival in terms of innovation, the market is expected to witness launch of various improvements and upgrades in the coming years. According to a new study by Transparency Market Research (TMR), Solidscape, Inc., EOS GmbH, and Stratasys, Ltd. emerged as dominant players in the global 3D printing market in 2016. These companies enjoy a widespread geographic presence, which has helped them stay ahead of the curve. Some of the other prominent enterprises in the global 3D printing market are ExOne GmbH, Concept Laser GmbH, SLM Solutions GmbH, Optomec, Voxeljet Technology GmbH, and Arcam AB.

As per TMR, the global 3D printing market will rise at an impressive 18% CAGR between 2017 and 2025. At this pace the market will reach US$32.3 bn 2025 from US$7.3 bn in 2016. The global 3D printing market is still at its budding stage hence with the entry of new players the competition is likely to get fiercer in the coming years. Furthermore, the rising research and development initiatives will bring about various innovations, subsequently enabling the global 3D printing market gain significant momentum.

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In terms of use, the commercial sector raked higher margins than the personal usage segment. Meanwhile in terms of technology, the demand for fuel deposition modeling (FDM) and polyjet was the highest. Among these, the FDM segment has inched ahead owing to its lower price and increasing adoption in the personal use sector. Despite being more expensive, the use of polyjet will significantly increase in commercial applications. Regionally, North America has emerged as the region showing the most lucrative opportunities for the market. In addition to this, the market is likely to witness impressively increase in the demand for 3D printing from Asia Pacific.

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Recent Technological Advancements to Create Lucrative Growth Opportunities

The robust growth witnessed in the global 3D printing market is attributable to the expanding applications of the technology. This, coupled with the rising awareness about the benefits of using 3D printing over indigenous manufacturing methods, is also expected to create lucrative prospects for growth. Recent technological advancements have impelled manufacturers to incorporate new materials to offer surface enhancement in the final products. Given the scenario, the demand for 3D printing is expected to scale higher thus giving impetus to the overall market. 

The advent of 3D printing has simplified customizing products, while reducing the overall manufacturing cost. Realizing the benefits in store, government investment towards 3D printing projects has increased as well. Spurred by these factors, the global 3D printing market will exhibit strong growth in the coming years.

Safety Service Market: Players Engage in Research and Development to Provide Customer-centric Solutions

Transparency Market Research (TMR), in one of its recent publications, states that the safety service market is fragmented with presence of several large as well as small and medium-sized players. Featuring a highly competitive vendor landscape, investments in cutting-edge technology to develop innovative safety service software is what key players in this market are engaged in to garner greater market share. Furthermore, improvement in existing safety solutions and investments in research and development activities to develop solutions in response to customer requirement is what these players in the market are expending energy on to cement their position and to stay ahead in the game.

Some prominent names in the global safety service market are UL LLC, Trinity Consultants Inc., 3E Company, PureSafety Inc., and CSA Group Company.

A report by Transparency Market Research predicts the global safety service market will rise at a CAGR of 11.6% between 2017 and 2025. If the figure holds true, the market will reach a valuation of US$4,278.2 mn by 2025.

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The global safety service market based on component is classified into software and services. Mobile app sub-segment under software is anticipated to rise at a significant growth rate over the forecast period due to the increasing adoption of mobility solutions for business operations.

From a geographical perspective, North America is at the helm in the global safety service market due to the increasing adoption of safety solutions.

Advent of Mobility enables Incident Reporting in Real-time

Among the key growth drivers of the global safety service market is the increasing culture of maintaining workplace safety. The scope of workplace safety widens from process safety and employee safety to safe data management and asset management. This is because the safety service market is governed by policies laid out by regulatory agencies and regional laws to identify workplace hazards, elimination of exposure of unsafe materials and situations etc.

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IoT Platform Market to Expand at 21.0% CAGR during 2016-2025

The global IoT platform is at a nascent stage and is expected to witness a healthy competitive landscape in the coming few years, says a new research study by Transparency Market Research. The expansion of the product portfolio, innovations, and technological advancements are some of the major strategies that are being adopted by the leading players so as to enhance their penetration across the globe. In addition to this, the growing focus on the research and development activities and the improvements in the product cost and quality are further estimated to support market growth in the near future. Some of the leading players operating in the IoT platform market across the globe are PTC Inc., Salesforce.com, Inc., Oracle Corporation, Microsoft Corporation, IBM Corporation, General Electric, SAP SE, Cisco Systems, Inc., Google Inc., and Amazon Web Services, Inc.

As per the market research study by Transparency Market Research, in 2016, the global market for IoT platform was worth US$1,786.8 mn and is expected to reach a value of US$10,064.0 mn by the end of 2025. The market is likely to register a strong 21.0% CAGR between 2016 and 2025.

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Adoption of New Technologies to Drive North America IoT Platform Market

The global IoT platform market has been classified on the basis of geography into five segments, among which, North America is projected to emerge as a leading segment throughout the forecast period. The presence of several leading players and the increasing adoption of new and advanced technologies are the primary factors that are estimated to enhance the development of the market in the coming years. On the other hand, Europe is estimated to witness a promising growth throughout the forecast period, owing to the favorable government initiatives. Moreover, the rising contribution from the U.K., France, and Germany is predicted to enhance the growth of the Europe IoT platform market in the near future. The rise in the level of adoption of digitalization, especially in emerging economies is expected to support the growth of Asia Pacific market in the near future.

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The global IoT platform market has been categorized on the basis of application into human capital management, customer service, supply chain management, security and asset performance management, inventory management, infrastructure management, and enterprise performance management. Among these, the supply chain management segment is likely to hold a huge share of the global IoT platform market and exhibit a healthy growth rate in the coming years. The use of IoT platform in supply chain management helps in enhancing the asset tracking, which helps the manufacturers in making a better decision and further saves time and money.

Water Purifier Market to Reach US$110.02 bn by 2025 with Rising Demand for Clean and Healthy Water for Consumption

A new market research report by Transparency Market Research states that the global water purifier market is competitive in nature and is projected to experience a rise in the level of competition in the near future. The key players in the market are focusing on the development and innovative products, which is estimated to support the market growth and enhance their market penetration worldwide. In addition to this, the increasing number of strategic collaborations and partnerships is likely to ensure the market growth in the near future. Moreover, the key players in the market are spending extensively on advertising and marketing activities, thus attracting a large number of consumers across the globe. The leading players that are engaged in the water purifier market across the globe are GE Appliances, Unilever N.V., Eureka Forbes Ltd., LG Electronics, Panasonic Corporation, Tata Chemicals Ltd., Kaz USA, Inc., A.O. Smith Corporation, Whirlpool Corporation, Kent RO Systems Ltd., and Philip Electronics.

As per the market research study by Transparency Market Research, in 2016, the global market for water purifiers was worth US$ 53.36 bn and is predicted to reach a value of US$110.02 bn by the end of 2025. The market is estimated to exhibit an 8.40% CAGR between 2017 and 2025. The replacement fillers segment is likely to lead the global water purifiers market and register a strong 9.50% CAGR throughout the forecast period.

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Rising Consumer Awareness Regarding Clean Water to Push Market Growth

A tremendous rise in the demand for clean and healthy water is one of the key factors that is expected to enhance the growth of the global water purifier market in the coming few years. The increasing population and the rising level of pollution are some of the other factors that are predicted to support the development of the market in the near future. In addition to this, the rise in the prevalence of several water-borne diseases, particularly in several under-developed and developing economies is another factor propelling the market growth in the near future.

Furthermore, public as well as private organizations, across the globe are making ardent efforts to create an awareness related to the benefits of water purifiers, which is estimated to supplement the growth of the global water purifier market throughout the forecast period. Moreover, the enhancement of the distribution network and the rising advertising activities by the leading players are further expected to offer growth opportunities in the coming few years.

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Low Rate of Penetration to Restrict Market Growth in Coming Years

The global water purifier market is expected to face several challenges, which are further predicted to restrict the overall development of the market in the near future. The rise in the demand for packaged drinking water and low penetration rate are estimated to hamper the growth of the global water purifier market throughout the forecast period. Nonetheless, the high rate of industrialization, resulting in a high pollution levels and the increasing growth opportunities from developing economies are estimated to enhance the growth of the global water purification market in the coming few years.

This information is based on the findings of a research report published by Transparency Market Research (TMR), titled “Water Purifier Market (Technology - Gravity Purifiers, RO Purifiers, UV Purifiers, Sediment Filters, and Water Softener; End-User - Industrial, Commercial, and Household; Accessories - Pitcher Filter, Under Sink Filter, Shower Filter, Faucet Mount, Water Dispenser, Replacement Filter, Countertop Filters, and Whole House Filters) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”

Cloud-based Language Learning Market : Demand from English Language Learning Segment to Remain Key Growth Driver

The global market for cloud-based language learning features a highly fragmented vendor landscape and only few companies, including Rosetta Stone, Inc, Sanako Corporation, EF Education First, and Linguatronics LC have been able to establish themselves as leaders, observes Transparency Market Research (TMR) in a recent report. A large number of local players, with well-established businesses in their regional territories but a limited presence on the global front, are located across key regional markets and account for a sizeable share of revenues.

Companies operating amid stiff competition in the global cloud-based language learning market are focusing on providing innovative web services, developing applications for users, and providing learning tools that are tailored to the specific needs of learners. Moreover, as a part of this strategy, companies are engaging in various strategic partnerships, mergers and acquisitions, expanding their businesses through new service additions and geographical presence.

Transparency Market Research estimates that the global cloud-based language learning market will exhibit a promising 12.8% CAGR from 2017 to 2025, rising from a valuation of US$146.3 mn in 2016 to US$427.5 mn by 2025.

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North America to Continue to Account for Massive Chunk in Global Revenue

On the basis of language, the market for cloud-based language learning chiefly caters to learning solutions for languages such as English, Spanish, Chinese, French, German, Japanese, Italian, and Russian. Of these, the segment of English learning is expected to emerge as the primary adopter of cloud-based language learning solutions in the near future. This can be chiefly attributed to the rising inclination of making English as the preferred language in academics and business sectors due to globalization.

In terms of geography, the North America market for cloud-based language learning is presently the leading contributor of revenue to the global market. The region, home to several famed higher education institutes, leads on account of the vast number of foreign students that take up English learning courses. The North America market for cloud-based language learning accounted for a 50% of the global market in terms of revenue contribution in 2016 and is expected to remain one of the leading regional market for cloud-based language learning solutions in the next few years as well.

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Rising Proliferation of Cloud Computing Technology to Remain Key Growth Factor

The education industry is rapidly evolving in its journey towards digital transformation. It has emerged as one of the most dynamic industries to embrace the vast advancements in technology, telecommunications, and networking technologies, using them to benefit a number of areas, including global reach and efficiency of content delivery. Cloud computing, owing to its several cost and flexibility benefits, is estimated to be at the core of the education industry’s ongoing digital transformation in the next few years.