Internet Of Mobility Market – Fleet Operators Are More Incline Toward Connected Vehicles, Owing To Enhanced Transportation Facilities

Internet of Mobility (IoM) creates a unique platform through which companies focus on the development of intelligence mobility systems by connecting the product innovation to inter connect, electrify and automate with the business in order to solve major problems of consumers. Connected mobility has gaining significant popularity which enables on-demand mobility services to transport passenger as well as goods from one point to another.

Rapid urbanization and increased adoption of new technologies in smart cities for better connected network are likely to boost the demand for internet mobility during the forecast period. Increased government spending to build and develop highway infrastructure is a key factor driving the Internet of Mobility market. Consumer expectations about seamless, pain-free, user experiences are rising, and transportation is expected to offer significant opportunity to internet mobility in the near future. Rising adoption of autonomous vehicles, e-bikes, and increasing penetration of internet are likely to boost IoM in the near future. Emerging applications in modern vehicles and development of new business models are likely to drive the internet of mobility market during the forecast period.

The internet of mobility market can be segmented based on transportation type, end-use, and region. Based on transportation type, the internet of mobility market can be segregated into passenger transportation and goods transportation. The goods transportation segment is likely to hold a major share of the market during the forecast period. Rising adoption of connected vehicles by fleet operators is a major reason, along with ease of tracking, better connectivity with expanding infrastructure facilities, that is likely to propel the goods transportation segment during the forecast period. However, for passenger transport, governments of different countries are offering attractive incentives policies and hence, the passenger transportation segment likely to expand during the forecast period.

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Based on end-use, the internet of mobility market can be bifurcated into commercial and personal. The commercial segment is anticipated to expand at a rapid pace, as connected vehicles are mostly utilized for transportation of goods and passengers. Consequently, the commercial segment is likely to hold a major share of the internet of mobility market during the forecast period. Fleet operators are more incline toward connected vehicles, owing to enhanced transportation facilities. Moreover, connected vehicle fleets are also utilized for passenger transport, which are incorporated with latest technologies for enhanced passenger comfort. Demand for connected vehicles for personal use is in the nascent stage and it is likely to expand during the forecast period, owing to consumer preference toward safe and technologically advanced vehicles.

Based on region, the Internet of Mobility Market can be segmented into North America, Latin America Europe, Asia Pacific, and Middle East & Africa. Europe and North America are likely to hold a major share of the global internet of mobility market, as better infrastructure facilities, higher adoption of connected vehicles along with the presence of key players in these regions.

Key players operating in the internet of mobility market are Automobility, GSM Association, Robert Bosch GmbH, Bell Canada, HERE Automotive, Deutsche Bahn Connect GmbH, EVCARD, and Lyft.

Data Business in Oil and Gas Market- Data Generated In The Oil And Gas Industry Is Increasing In Volume, Variety, And Velocity.

According to a new market report published by Transparency Market Research, the global data business in oil and gas market is expected to reach a value of US$ 64,845.8 Mn by 2026 on account of digitization across the oil and gas industry. In the years 2015 to 2017, the oil and gas industry’s CAPEX fell considerably; however, the industry is focusing on technological advancements to find optimal production techniques for intelligent development of unconventional resources, and to increase the commercial success rates of drilled exploration wells with computer-aided optimization of processes. Investments in oil and gas industry are anticipated to increase gradually from 2018, further driving the digitization across the industry using data science. The market is projected to expand at a CAGR of 18.9% during the forecast period from 2018 to 2026 driven by the increasing adoption of data management & big data software and solutions, and data monetization in the oil and gas industry. North America is anticipated to be the dominant region in the data business in oil and gas market followed by Middle East & Africa during the forecast period.The upstream application segment is expected to observe flourishing growth due to the rising need for enhanced oil exploration and production to maintain the production and to meet the demand in the next decade with sufficient oil and gas discoveries.

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Need for generating value from the large amount of data generated in the oil and gas industry driving the global market

The large amount of data generated in the oil and gas industry can be used to discover new oil deposits to meet the global oil and gas demand and to increase operational efficiencies in the upstream, midstream, and downstream sectors of the industry. From exploration and production to trading and retail, classifying and streamlining the massive amounts of data generated with the data management solutions is necessary to optimize functions and enhance safety standards at every stage in the oil and gas industry. With big data analytics solutions, data is analysed to find optimum oil drilling locations and to predict success for new oil and gas exploration. Direct data monetization vendors sell seismic data, well data, production data, and geological survey reports to other companies for producing value from these data reports. The data business market is expected to flourish over the forecast period to integrate and interpret large amounts of structured and unstructured data generated daily from exploration, production, and development of oil and gas.

Data Business in Oil and Gas Market: Scope of the Report

The data business in oil and gas market is segmented based on component, oil companies, application, E&P lifecycle, and geography. Due to increasing digitization in the oil and gas industry, the market is anticipated to experience flourishing growth during the forecast period. By 2026, the upstream application segment will account for more than 56% of the global data business in oil and gas market due to increasing IT spending in the upstream sector of the oil and gas industry. Exploration is the key segment in the E&P lifecycle of the oil and gas industry driven mainly by deep-water exploration activities, shale gas exploration activities, declining exploration costs, and rising focus on near field explorations. National Oil Companies (NOCs) are anticipated to have more than 53% market share by 2026. NOCs are increasingly spending on big data and data management software and services, thus accounting for the maximum share in the data business market. Big data software such as data analytics, data collection, data discovery &visualization, and data management software holds the major share in the big data in oil and gas component of the market with data analytics and data management software driving the growth of this segment. Data management component growth is driven mainly by corporate/enterprise data management software.

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Driving Growth In The Global Market For Workflow Automation And Optimization Software Is The Rising Take-Up Of Third Platform Technologies

The global market for workflow automation and optimization software market is somewhat consolidated with the five leading players accounting for well over half the share in the market. The key players are Xerox Corporation, Oracle Corporation, International Business Machines (IBM) Corporation, SAS Institute, Inc., and SAP SE.

IBM Corporation, among them, held a leading share of 14.4% in the global workflow automation and optimization software market in 2016. Its focus on developing innovative products such as the cognitive system named Watson has helped it secure a prominent position in the market. It is followed by Oracle Corporation that has managed to bolster its position by designing and developing solutions for cognitive systems, content analytics, and discovery software market.

Similarly, Xerox Corporation, which comes in at the third position in the global market for workflow automation and optimization software has managed to achieve sweeping sales by launching 15 products.

As per a report by Transparency Market Research, the global market for workflow automation and optimization is likely to expand at a healthy CAGR of 8.7% during the period between 2017 and 2025 to reach a value of US$1.456 bn by 2025 from US$0.713 bn in 2016.

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High Degree of Business Process Automation Makes North America Market Leader

Depending upon the end-use, the global market for workflow automation and optimization can be segmented into education, banking, financial services, and insurance (BFSI), transportation and logistics, healthcare, manufacturing, retail, telecommunications and information technology (IT), etc. Among them, the BFSI segment dominated vis-à-vis revenue in 2016. This is because of banks leveraging improved fraud management solutions, mobile banking, smart automated teller machines (ATMs), etc. to enhance customer experience. In the years ahead too, the BFSI segment is predicted to retain its dominant position and hold 21.1% in the market by 2025.

Geography-wise, the key segments of the market are Europe, North America, Asia Pacific, South America, and the Middle East and Africa (MEA). Of them, North America accounts for a leading share in terms of revenue mainly on account of the high degree of business process automation and presence of numerous vendors of workflow automation. The revenue grossed in the North America workflow automation and optimization software market in 2016 was US$279.6 mn.

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Snack Pellets Market- Potential Future Investments are Some Areas of Growth for this Market in the Future

One of the key factors pushing the growth of the market includes transition in the lifestyle of the consumers in terms of feeding habits. Over the years, the feeding habits of the consumer have witnessed a significant change, where it has evolved to the consumption of processed foods in heightened quantities. The consumers, especially the young population have become more inclined towards the consumption of processed food and ultra-processed food. Their consumption patterns are mostly influenced by the western culture. Further, the busy lifestyle of the consumers, especially for the young population have resulted in time constraint issues, where they have minimal time to consumed proper cooked food. Due to this factor, the resort to the consumption of ready to eat/processed foods for efficient time management. This trend has increased significantly over the past few years, especially in the developing countries on account of increased employment opportunities, resulting in increasing purchasing power of the consumers.

Ultra processed breads and cereals constitute an approximate of 12% of the daily food consumption per capita, while ice creams, cakes and other sweets constitute of a similar percentage. Soda and fruit drinks comprise of approximately 7% while frozen packaged meals account for approximately 4%. On an average, ultra-processed foods and processed foods account for approximately 67% of the daily food consumption per capita. Improvement in manufacturing techniques is yet another major factor driving the demand for the snack pellets market at the global level.

However, high content of acrylamide in processed foods is a major factor hindering the growth o the market at present. Acrylamide is a chemical compound with chemical formula C3H5NO and it is an odorless crystalline solid that is soluble in water, ether, chloroform and ethanol. Human exposure to acrylamide can come in several ways, consumption of processed foods being one of the major causes. Exposure to acrylamide has potential harmful effects such as drowsiness, disturbance, memory loss, numbness of lower limbs, vibratory loss and various others.

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Further, high sugar content and high fructose corn syrup content, trans fats and processed vegetable oil, inclusion of artificial ingredients, refined carbohydrates are some of the major negative traits of processed foods. Additionally, they are low in nutrient content and fiber as well. Such factors have created a negative impact on the demand for processed foods among the health conscious consumers in the developing countries such as U.S, U.K., Germany and France among others. Health issues such as obesity have led the consumers to drift away from the consumption of such foods, thus barring the growth of the processed foods market, which in turn is barring the growth of the snack pellets market as well.

Product innovations, expansion in untapped markets and potential future investments are some areas of growth for this market in the future.

Broadcast and Media Technology Consulting Market- Procure Substantial Margins in Live Broadcasting

As the world gets closer and more connected, advancements in communication are being majorly witnessed. As broadcast businesses aim to provide seamless communication to consumers, worldwide, the broadcast and media technology (solutions and services) market is likely to witness major transformations in the coming years. Content consumption through next-gen connected devices continues to increase, offering content in an enhanced experience. Such changing content consumption patterns are being addressed with new broadcasting and media technologies.

Evolutionary Path of the Broadcast and Media Technology (Solutions and Services) Market

The emerging broadcast and media technology ecosystem has an incremental growth cited deeper in history. The radio was the first media form, and had a huge impact on the history of the 20th century, and allowed the first-ever information broadcast without wires. Following this, the 1920s marked the beginning of the television era. As it combined the best attributes of radio and pictures, and changed media, television has captured the imagination of audiences ever since its inception.

The invention of cable TV in the 1980s along with the expansion of the Internet in the 2000s offered more alternatives for media consumers.

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Technological revolutions became a nexus between historical broadcast and media and the changing communication expectations. With the evolution of technology, audiences’ needs and expectations continued to grow. Broadcasting has undergone a slew of transformations, with satellite, cable, and on-demand irreversibly altering consumer viewing habits. However, recently, the mobile is beginning to transform the face of broadcast and media. Another aspect driving the current broadcast and media technology business is the continued development and incorporation of technology to offer improved broadcasting to consumers. The broadcast and media technology (solutions and services) market is likely to generate a revenue of ~ US$ 6.3 Bn in 2019. Market growth is attributed to key trends, including the growing penetration of on-demand content, popularity of live video streaming, rise in digital advertisements, and emerging network infrastructure.

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Identity Now end to end Services Market- Tech-giants Maintain Lead with High Product Penetration Worldwide

Identity Now end to end Services Market Set to Grow with the Evolution of Identity and Access Management Solutions

With the burgeoning adoption of IoT-based solutions across a wide range of industries, businesses have become highly vulnerable to threats such as identity theft and fraud. A mounting number of business organizations, including governing bodies, banks and financial institutes, and retail businesses, are moving towards adopting digital enterprise models. This has triggered the need for boosting the fraud reduction potential of identity and access management systems and identity proofing methods, and ultimately the growth of the Identity Now end to end Services Market .

Attributing to the rise of digitization, the cloud or SaaS (Software-as-a-Service)-based application delivery model is enjoying success in the identity-as-a-service market. In 2018, the valuation of the Identity Now end to end Services Market reached ~ US$ 3.5 billion, and it is expected to witness ~ 21% year-over-year growth in 2019. Upcoming trends in the IDaaS market are expected to drive a palpable shift from password-based to password-less identity and access management and authorization among end users.

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BYOD Approach of End Users Boosts Demand for IDaaS for Public Cloud Platform

Increasing penetration of multi-cloud computing systems in the modern industrial ecosystem, especially in IT and telecommunication companies, is voicing the need for more efficient identity management services for securing their public cloud infrastructures. The demand for IDaaS is relatively higher for public cloud than private or hybrid cloud infrastructures, owing to their vulnerability to cyber-attacks. However, the adoption of IDaaS in private and hybrid cloud networks is expected to increase significantly, directing the upcoming strategies of stakeholders in the IDaaS market.

Global giants are strengthening their presence in the global market, while emerging players and local service providers are adopting strategies to establish a stronghold in regional markets for IDaaS. Other competitors such as OneLogin Inc., iWelcome, and ILANTUS Technologies are focusing on launching new products to gain a competitive edge in local markets for IDaaS. Some examples include,

• In March 2018, OneLogin Inc. introduced its new product—OneLogin Access—which is designed for SMEs as well as large enterprises to manage access for on-premise and cloud-based applications with a single identity-as-a-service (IDaaS) solution.
• In August 2018, ILANTUS Technologies Pvt. Ltd introduced its new product—Compact Identity—which includes identity and access management solutions with both, Access Management (Single Sign-On and Password Management) and basic Identity Governance and Administration (IGA) features.

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Pepper Mill Market- Rise In Healthy Eating Habits, And A Rise In The Working Population Are Boosting The Demand For Smart Kitchen Tools.

A pepper mill is a tool that grinds pepper corns. The process of converting pepper corns into pepper powder involves twisting the top and bottom portion of a mill. Twisting these portions simultaneously activates the rotating blade to convert pepper corns into pepper powder. Pepper mills can be mainly classified into two types: electric pepper mills and manual pepper mills. Pepper mills are made of materials such as glass, wood, steel, plastic, microfiber, polypropylene, stainless steel, crystal, marble, and ceramic. They can be classified base on style into traditional and modern. Pepper mills are a part of smart kitchen equipment. The choice of investing in a pepper mill depends on the need and budget of the consumer and the type, size, shape, brand, and durability of the product. Commercial equipment is primarily used to prepare food for a large number of consumers. Therefore, players in the market are manufacturing products that are durable, easy to operate, and robust. Many large international and small suppliers operate in the market.

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The global pepper mill market is primarily driven by a rise in quality concerns of the hospitality industry, need for modular and advanced kitchen tools, and increase in the spending power of the population. Rise in concerns about health and hygiene, increase in the penetration of restaurants and food junctions, expansion in the fitness industry, rise in healthy eating habits, and a rise in the working population are boosting the demand for smart kitchen tools. Desire among consumers to prepare meals with a refined taste and the use of pepper in everyday meals for fresh taste are likely to proper the global pepper mill market. Additionally, the hospitality sector in emerging economies, especially in Asia Pacific, is expanding at a rapid pace. This is expected to boost the pepper mill market during the forecast period. However, less durability of pepper mills, low quality of some products, lack of awareness about the product in underdeveloped nations, and market coverage by many local players are expected to restrain the revenue growth of the pepper mill market during the forecast period In addition, local manufacturers are selling their products at low prices. This could challenge the global and large players in the pepper mill market. Nevertheless, a rise in demand for comfortable and compatible pepper mills, improvements in quality of the product, and high demand for pepper mils with corrosion metal mechanism are anticipated to create significant opportunities for the global pepper mill market.

The global pepper mill market can be classified based on product, raw material, distribution channel, end-user, and region. Based on product, the global pepper mill market can be segmented into manual and electric. In terms of raw material, the global pepper mill market can be classified into wood, glass, plastic, steel, microfiber, stainless steel, polypropylene, crystal, ceramic, and marble. Based on distribution channel, the global pepper mill market can be categorized into suppliers & distributors, supermarkets & hypermarkets, online platforms, and others (departmental stores & independent stores). Based on end-user, the global pepper market can be classified into household and commercial.

Sunscreen Sprays Market- Increasing Global Awareness About The Impact Of Sun On Unprotected Skin

Sun care products are available in the form of creams, lotions, and sprays, and are used to protect the skin from the harmful UV rays of the sun, thus avoiding sunburn. The sun care products market has seen steady growth with more consumers becoming educated on the dangers of sun exposure. Spray on sunscreens are lightweight, dry quickly, and do not leave any kind of oily films on skin, which makes it suitable for both adults and kids. Spending time in the sun increases risk of skin cancer and early aging, and therefore to decrease these risks, regular use of sunscreen has become an essential part of skin care routine. Sunscreen sprays are convenient when dealing with hard to reach spots; they are also convenient for kids, and are an easy way to get protection from the sun. These sprays have become popular because of their ease of application and convenience especially among parents who need to quickly get sunscreen on their kids before they run off to play.

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The key factor driving the sunscreen sprays market is increasing global awareness about the impact of sun on unprotected skin. Sunscreen formulations use active ingredients which make the skin cells more resistant against sunlight, strengthening the skin cells’ self defense mechanisms. However, market growth is likely to be impacted as sprays do not provide adequate coverage, are highly inflammable, and inhalation poses a serious risk. Nevertheless, the rapidly growing economies of Asia Pacific, and innovation of organic sunscreen sprays coupled with new product launches are creating opportunities for the market.

The global sunscreen sprays market can be segmented based on product type, end user, distribution channel, and region. Based on product type, the sunscreen sprays market can be classified into SPF 6 – 14, SPF 15 – 30, SPF 30 – 50, and SPF 50+. Based on end-user, the sunscreen sprays market can be divided into men, women, and kids. The sunscreen sprays market is majorly dominated by women; however, the sunscreen sprays market is on the rise with the increasing demand for kids’ skin care products. In terms of distribution channel, the sunscreen sprays market can be classified into hypermarkets/supermarkets, specialty stores, online retailers, and others (brand outlets, independent vendors, etc.).

INCREASING USAGE OF CORDLESS POWER TOOLS IS PROJECTED TO HAMPER THE GLOBAL CORDED POWER TOOLS MARKET

Corded power tools are used to manufacture and create products with ease and convenience. These tools help perform several tasks such as drilling, routing, buffing, leveling, screw driving, chiseling, and sanding. Power tools help save operation time. They offer better efficiency, as compared to hand tools. There are primarily three main types of power tools: electric power tools, engine drive power tools, and pneumatic power tools. Corded power tools are utilized particularly in residential applications and industrial or commercial applications such as the construction industry. They are also employed in various industries such as infrastructure, woodworking, construction, automotive, electrical, and electronics. Several industries also demand for custom-built power tools in order to achieve expected output. Corded power tools are used in the manufacture of equipment parts in industries such as construction. Rise in construction activities and improved economic conditions in several regions are expected to boost the corded power tools market.

Rising awareness about using corded power tools as a part of the expanding construction industry is expected to be a key factor driving the corded power tools market. Corded power tools are convenient to use, easy to handle, helpful for significant number of end-user applications, and available in compact sizes. Moreover, growing urbanization, industrialization, and its major roles such as maintenance and construction designs, is expected to propel the corded power tool market. Wireless power tools need to be charged periodically; hence, corded power tools are more convenient and mostly preferred by professionals and consumers. Additionally, rise in DIY trend is expected to drive the corded power tools market during the forecast period. However, increasing usage of cordless power tools is projected to hamper the global corded power tools market. Nevertheless, introduction of new designs with fewer vibrations, preferred by consumers, is expected to create significant opportunities for the global corded power tools market. Moreover, the rate of adoption of wireless power tools is sluggish due to increasing battery issues. Furthermore, the high prices of Li-ion batteries is expected to restrain the wireless power tools market. These factors are expected to create opportunities for the corded power tools market.

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The global corded power tools market can be segment based on product type, application, end-user industry, and region. Based on product type, the market can be classified into saws, lawnmower, angle grinder, hammer drill, and others. In terms of application, the market can be divided into in-house or household application, construction field, industry field, gardening field, and others. Based on end-user industry, the market can be categorized into construction, aerospace industry, shipbuilding, oil & gas, automotive, and electronics. Based on region, the global corded power tools market can be segregated into North America (The U.S., Canada, and Mexico), Europe (Germany, U.K., France, Italy, and Russia), Asia Pacific (China, India, Japan, South Korea, Australia, Malaysia, Philippines, Vietnam, Indonesia, Thailand, and others), Middle East & Africa (GCC and South Africa), and South America.

Major players operating in the global corded power tools market include Stanley Black & Decker, KEN, Bosch, Jiangsu Jinding, TTI, Positec Group, Makita, Zhejiang Crown, Hitachi Koki, C. & E. Fein, Hilti, Dongcheng, Metabo, Apex Tool Group, Snap-on Incorporated, DEVON (Chevron Group), Festool, Harbor Freight Tools, Atlas Copco AB, Techtronic Industries, Mafell, Hilti, Illinois Tool Works, Danaher, Andreas Stihl, and TTS Tool Technic Systems. Increasing competition in the market is prompting top companies to focus on manufacturing new structured innovative products with sustainable features and expand their production and research facilities in order to strengthen their presence in the global corded power tools market.

CONTACTLESS PAYMENT TRANSACTION MARKET- RETAIL SECTOR TO ATTRACT DEMAND FOR CONTACTLESS PAYMENT TRANSACTION

The demand within the global market for contactless payment transaction has been expanding on account of the need to make secure, safe, and easy payments across several industrial units. Contact payment transaction involves the use of near field communication (NFC) or RFID technologies in order to debit or credit money from one account to the other. The advent of contactless payment transaction has eased buying procedures for individuals, companies, and other entities. Owing to the aforementioned factors, it is legit to expound that the global market for contactless payment transaction would experience an unprecedented rise in demand over the coming years.

The ability to make online payments from laptops, smart phones, and other smart devices has helped people in streamlining their tasks. Furthermore, most people prefer to carry as little cash as possible during travel and other commutes, and this brings contactless payment transaction services to the fore. Over the past decade, several industries including healthcare, automotive, and infrastructure have become reliant on the use of contactless payment for several purposes. The retail sector has emerged as the most prominent consumer of contact payment transaction services in recent times. Furthermore, the popularity of credit and debit cards has led to the launch of multiple mobile apps to that facilitate contactless payment transactions.

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A report by Transparency Market Research (TMR) predicts that the global market for contactless payment transaction would expand at an astral CAGR of 55.50% over the period between 2017 and 2025. Furthermore, the global market for contactless payment transaction was valued at US$14.1 bn  in 2017 and is expected to reach a value of US$801.4 bn by 2025.

Retail Sector to Attract Demand for Contactless Payment Transaction

On the basis of end-use industry, the global market for contactless payment transaction can be segmented into media and entertainment, healthcare, retail, hospitality, and transport. Amongst these segments, the retail sector has become the most ardent consumer of contactless payment transaction due to the need for swift, easy, and secure transfers. Furthermore, retail stores form an important part of the e-commerce industry, and this further propels demand within the global market for contactless payment transaction. The healthcare sector has also emerged as a key consumer of contact payment transaction services due to the advent of multiple healthcare apps. Based on the mode of payment, the global contactless payment transaction market can be segmented into wearable devices, contactless card, and contactless mobile payment.

Europe to Lead the Global Contactless Payment Transaction Market

The demand for contactless payment transaction has been the highest across Europe, majorly due to the sophisticated retail sector in the region. Moreover, countries such as England, France, and Germany have inducted contactless payment transaction services across several sectors. The market for contactless payment transaction services in North America has been expanding on account of key developments in the media and entertainment industry in the US and Canada. Rising disposable income of the masses in China, Indonesia, and India has created growth opportunities within the market for contactless payment transaction in Asia Pacific.

Cosmetic Skin Care Market- The Increasing Consumer’s Trends On Innovation On The Part Of Makers

Global Cosmetic Skin Care Market: Snapshots

The global market for cosmetic skin care market witness significant growth in terms of usage. The customers demand for the personal care product differ in various regions. The increasing consumer’s trends on innovation on the part of makers is driving the demand of various product related to the personal care industry. This is one of the important factor propelling the overall market growth of this market. Furthermore, skin lightening and brightening products have the most lucrative market in Asia Pacific.

The growing geriatric population in North America is significantly driving the demand of the cosmetic skin care market in coming years. Also, the increasing number of population above 65 years in U.S., China, Japan, Italy and Germany is positively supporting the growth of this market.

The cosmetic skin care market is one of the important market influencing the growth of the personal care products in coming years. Also, customers in Argentina and Brazil are highly effected with the dry weather, this led to rise in demand for sun protections products which is another key factor triggering the growth of this market at global scale.

The rising product innovation in the cosmetic skin care in terms of quality and its overall effect is one of the important factor boosting the market growth. Not only this, consumer with age of 65 demand for anti-ageing products, but interestingly the consumer with the age of 30 are also demanding for the anti-ageing cream, this is another factor contributing to the growth of the cosmetic skin care market. The cosmetic skin care products are mainly built on the key factor of innovation of several new products. The key participants in this market are involved in research and innovation and are investing more to develop products with more effectiveness such as anti-ageing skin care, skin whitening cosmetics, muti purpose skin care products.

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Product Related To Skin Cells Protection Against UV Rays Drives Demand Of Cosmetic Skin Care Market

On the basis of product type, Muti-utility skin care market is likely to influence the growth of the cosmetic skin care market in coming years. Moreover, based on diverse application and in terms of generating revenue, anti-ageing products dominate the global market for consumer skin care in 2015. The major aspects of cosmetic skin care products are skin rehydration, flakiness, stem cells protection against UV rays, reduce wrinkle and boosting the viscosity of aqueous. Among all these segment, the increasing awareness about the harmful UV rays is likely to propel the demand of the stem cells protection against UV rays.

Rising Awareness Among Consumer Upsurge Demand of APAC Cosmetic Skin Care Market

Asia Pacific expected to dominate the skin care market in terms of adoption across the globe. The increasing usage of beneficial product related to skin care in developing economies such as India and China is likely to propel the demand of the cosmetic skin care market in APAC. Growing awareness about skin care product benefits in rural areas is one of the important factor flourishing the demand of this market. On the other hand, owing to the increased disposable income and the increasing spending on the cosmetic skin care products is likely to influence the growth of the cosmetic skin care market in MEA region. This is one of the important factor propelling growth in this region. Also, companies operating in this cosmetic skin care market are adopting key strategies to maintain their presence across the globe.

The study also offers few prominent players operating in the cosmetic skin care market such as  Unilever PLC, The Body Shop International PLC,  L’Oreal S.A., Avon Products Inc., Kao Corporation, and  Johnson & Johnson.

Power Bank Market- Developments in the in the Product And Emergence Of New Technology Have Helped To Charge The Power Banks Rapidly

Power Bank Market – Snapshot

Power banks are the portable charging devices through which batteries are charged by transferring energy. These products are small and easy to carry in the pocket and small bags. Power banks are widely used to charge electrical devices such as smartphones, tablets/laptops, and cameras. Change in lifestyle of consumers has led to the usage of electronic gadgets, and constant requirement for frequent charging has resulted in the rise in demand for power banks. Rise in tourism and fast lifestyle is also a major factor responsible for the increase in demand for the product. Many consumers tend to travel for longer durations, which is why the need to charge electronic devices becomes important. Generation “X” and millennial population tend to work more on laptops and use smartphones extensively.

The power bank market has been segmented on the basis of product type into phone charging cases, portable power banks, and solar power banks. Portable power banks dominated the market due to convenience in carrying the portable power bank and charging multiple devices at the same time. Furthermore, portable power banks are readily available in the market and hence have a greater market. Based on capacity, the market has been segmented into up to 5,000 mAh, 5,001 mAh to 12,000 mAh, 12,001 mAh to 20,000 mAh, and above 20,000 mAh. In terms of battery type, the power bank market has been segmented into lithium ion and lithium polymer. Based on port type, the market has been segmented into Standard, Type C, and DC power jack. In terms of application, the market has been segmented into smartphone, tablet/laptops, PCs, camera, and others. By charging source, the market is segmented as electric, solar, and hybrid. Electric segment dominated the market in 2018 due to wide availability of electric power banks compared to other types of power banks. According to distribution channel, the power bank market is segmented into offline distribution channel and online distribution channel. Offline distribution channel can further be classified into supermarkets and hypermarkets, exclusive stores, multi-brand retail stores, and others.

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Growth in disposable income of the young generation has resulted in purchase of several gadgets and devices and an interest in music, internet, games, and videos. Developments in the product and emergence of new technology have helped to charge the power banks rapidly.

Geographically, the power bank market is bifurcated into Europe, North America, Middle East & Africa (MEA), Asia Pacific, and South America. Asia Pacific in 2018 acquired majority share of the global power bank market due to increasing usage of electronic devices. Furthermore the region is the manufacturing hub of electronic devices that adds greater market share for power banks. The market in the region is also expected to witness the fastest growth during the forecast period.

Some of the key players in the power bank market include Anker Technology Co. Limited, Braven LC – INCIPIO Technologies, Inc., Apacer Technologies, Inc., EasyAcc.com, Inc., GP Batteries International Ltd, Goal Zero Corporation, LLC, Maxell Holdings, IEC Technology, Ltd., MiPow Limited, Panasonic Corporation, Mophie, Inc., RavPower, Sony Corporation, Samsung Electronics Co., Ltd., and Xtorm. Key players operating in the power bank market implement various policies to survive in the market. Product development and acquisition and partnership are some of the main strategies adopted by key players to gain a competitive edge

IT Asset Disposition (ITAD) Market-Reducing Lifespan of IT Equipment Increases Dependence on ITAD

ITAD becomes Integral to Customers with Regulatory Compulsions

The changing IT landscape with the evolution of various factors such as cognitive computing, cloud computing, big data analytics, and the all-pervasive Internet of Things (IoT) has created a mammoth problem of mounting e-waste. IT asset disposition (ITAD) is increasingly being adopted by companies across the globe to manage this waste disposal, minimize the risk of data loss, and the subsequent monetary loss. With a range of services such as recycling, recovery, data sanitization or data destruction amongst others, the ITAD market has carved a sizeable niche for itself.

A research report published by Transparency Market Research states the opportunity in the global ITAD market will be worth US$18.18 bn by 2024 from US$9.89 bn in 2015, as the market promises to surge at a CAGR of 7.1% between 2016 and 2024. The strict regulatory changes advised by governments across the world to minimize the possibilities environmental hazards created due to electronic waste is also expected to drive this market. This is especially pressurizing small and medium business in both developing and developed countries to adopted ITAD services and manage their waste in an effective manner.

The media and entertainment segment will be the biggest end user of the ITAD products and services in the foreseeable future. This end-user segment will expand at a CAGR of 8.9% during the forecast period. An unprecedented growth in the demand for high-definition visual content has become the driving force behind the growing usage of ITAD in the media and entertainment industry. The maximum number of assets utilizing the customized disposal services were computers and laptops. As of 2015, this asset segment held about 30% share in the overall market.

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Reducing Lifespan of IT Equipment Increases Dependence on ITAD

The report asserts that North America was one of the leading geographical segments due to a high adoption rate of cloud services. As cloud computing continues to be an integral part of the North America IT ecosystem, it will shorten the lifespan of IT assets thereby triggering a considerable demand for ITAD services. Furthermore, customers are preferring ITAD services in North America as vendors are seeking quality standards such as HIPPA/HITECH, PCI, and NAID amongst others. In the coming years,

Asia Pacific and the Middle East will also make sizeable contributions to the growth if ITAD market due to emerging economies and budding SMEs. Advancing technologies and changing specifications of IT equipment in countries such as China, India, and Australia are likely to have a positive impact on the overall market.

Some of the key players operating in the global ITAD market are TBS Industries, Arrow Electronics, Inc., Sims Recycling Ltd., Dataserv Group, Iron Mountain Incorporated, Apto Solutions, Inc., CloudBlue Technologies, Inc., ITRenew Inc., TES-AMM Pte Ltd., Dell, Inc., Hewlett Packard Enterprise Development LP, and LifeSpan International, Inc. Research indicates that strategic partnerships to expand product and services portfolio along with setting up of new facilities are likely to define the vendor landscape in the overall market. Furthermore, growing investments in research and development will also go a long way for companies to achieve their targets.

Surge Protection Devices Market- Growing at a CAGR of 5.6% from 2014 to 2020

Global surge protection devices market was valued at USD 2020.4 million in 2014; growing at a CAGR of 5.6% from 2014 to 2020. The concept of protecting electronic devices from power surges or spikes is known as surge protection. The surge protection device allows multiple equipment to plug into single power outlet in order to minimize the risk of damage. A power surge is a significant increase in voltage above the designated level. The rise in voltage above standard level is expected to damage the electronic equipment.

The global surge protection devices market is segmented into North America, Europe, Asia Pacific (APAC) and Rest of the World (RoW). The surge protection devices market is primarily driven by the increase in the usage of electrical equipment such as home entertainment systems, personal computers and microwave ovens among others. These devices are sensitive and could be damaged by a small fluctuation in the voltage. In order to protect these devices from power surges or spikes, surge protection devices are needed. In addition, the reductions in maintenance costs, delays and data loss in the electrical equipment are the factors responsible for the growth of surge protection devices market.

Geographically, North America led the global surge protection devices market in 2014 and the region is expected to continue its leading position throughout the forecast period. In 2013, this region had seen significant growth in surge protection devices market due to the growth in sales of electrical equipment in the industrial and residential sectors. The surge protection impacts the productivity and profitability by saving the equipment from the internal and external surges. The usage of surge protector in electrical equipment eliminates data loss and reduces the cost of maintenance. These major factors are responsible for the increase in the usage of surge protection devices in North America. Europe and Asia Pacific followed by North America.

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Luxury Goods Market- High Demand for Apparels and Leather Goods to Fuel Market Growth

Global Luxury Goods Market: Snapshot

The global luxury goods market is significantly gaining from the rising number of high net worth individuals (HNIs) and increasing disposable income among the growing population. Increasing spending on the luxury products improves the living standard and increases the revenue earned by the players in this market. Prominent players in the market are introducing tailor-made products according to the prevailing trends in order to meet the demand of customer from various regions, which is further benefitting the market by introducing new variety of luxury goods.

E-commerce has also pushed the demand for luxury products across various developed and developing regions due to rise in disposable income of the people in those regions. In addition, the rising use of creative and advanced marketing and campaigning activities through online platforms is fueling the demand for luxury goods across countries.

The global luxury goods market is prophesied to rise at 3.40% of CAGR during the forecast period between 2014 and 2020. The valuation for the market is expected to reach US$ 374.85 bn by the end of 2020.

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High Demand for Apparels and Leather Goods to Fuel Market Growth 

The global luxury goods market is segmented on the basis of product into apparel and leather goods, luxury watches and jewelry, personal care products and cosmetics, wines/champagne and spirits, fragrance and perfumes, and others. Of these, the apparels and leather goods segment is dominating the luxury goods market globally. The luxury watches and jewelry segment has taken the second position after the apparels and leather goods.

The demand for apparels and leather goods is high among other luxury items, few customers from the millennial generation prefer to mix and match luxury apparels with regular products. This trend helps the customers to set their own way of styling. The leading companies are also coming up with varied types of products to meet the demand form the customers and to match up with the prevailing trend.

Europe Emerges Dominant Due to Increasing Presence of High End Customers

On the regional front, the report on the global luxury goods market is segmented into Europe, South America, North America, Asia Pacific, and the Middle East and Africa. Among these regions, Europe dominated to the global market for luxury goods and is followed by North America. It has been projected that during the forecast period Europe will maintain its dominance in this market. As Europe is considered one of the best destinations for fashion and luxury brands making the region lead for this market on the worldwide platform. In addition, the rising number of high-end departmental stores and increasing use of online stores within Europe will further benefit the market to gain traction.

The Middle East and Africa and Asia Pacific also exhibit high demand for luxury goods. The increasing number of high net worth customers in these regions have also grown the need for the luxury goods in past few years. Customers in the regions are equally aware of the changing trends and fashion status prevailing in the other developed countries, which has further augmented the growth of this market.

The report has also analyzed some of the prominent players and their contribution to the global luxury goods market. Some of the leading players are Kering S.A., Rolex S.A., LVMH Group, LVMH Group, Revlon Inc., Tiffany & Co., and L’Oréal Group.

Sheet Face Masks Market- Demand For Sheet Face Masks In The Region Is High Due To A Rise In The Standards Of Living

Sheet Face Masks Market – Snapshot

The skin care industry has shown significant growth in the last few decades. A sheet face mask is an innovative product that has been introduced in the market in the recent past. It is a face-shaped sheet that is soaked with different serums and formulations to achieve a desired end result. Masks are usually packed individually and are applied to the face, patted, and removed or peeled off after15-20 minutes. A rise in population and increase in demand for beauty and cosmetics products are boosting the sheet face masks market globally. Increase in the use of sheet face masks with skin brightening and anti-aging formulations is expected to propel the market in the coming years.

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Demand for sheet face masks in the region is high due to a rise in the standards of living, increase in skin care awareness, adverse climatic conditions, and high air pollution rate. The global sheet face mask market is estimated to expand at a significant growth rate between 2018 and 2026, due to increase in emphasis on product development by manufacturers. Consumers are paying greater attention to their skin and have also become beauty conscious. Moreover, an increase in the number of working women has driven demand for sheet face masks. Use of sheet masks has also rise among male consumers. This, in turn, is prompting manufacturers to develop and innovate more products with promotional offers in order to satisfy consumer demand. In terms of type, the bio-cellulose segment is projected to expand at a rapid pace, due increase in awareness about the usage of chemical-free and organic products. The segment is likely to be followed by the hydrogel segment. Hydrogel sheet masks offer a number of benefits such as hydration, whitening, and glow. Market players are focusing on the manufacturing of sheet face masks at cost competitive costs.

Major market participants profiled in this report are Sephora Inc. Boss Biological Technique Ltd.., Lancome Paris, 3Lab Inc, Kracie Holdings, Ltd., Innisfree Corporation.(South Korea), BioRepublic Skin Care, Star Skin Beauty Group AG, Yunos Co. Ltd. Es Cosmetics, The Face Shop, Tonymoly Co. Ltd., BioRepublic Skin Care, Estee Lauder, and DECLÉOR Paris among others.