Insect Repellent Market is estimated to reach a value of US$1.82 bn by 2023

According to a new market report published by Transparency Market Research “Insect Repellent Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” in terms of revenue, Europe insect repellent market was valued at US$1.40 bn in 2014, and is expected to reach US$1.82 bn by 2023, increasing at a CAGR of 3.0% from 2015 to 2023.

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The insect repellant market in Europe is primarily driven by increasing concerns about insect-borne diseases and existence of strong distribution networks in the continent. Furthermore, rising demand for natural insect repellant products is likely to create a potential growth opportunity for the insect repellant market in the future. However, strict government regulations pertaining to safety of insect repellent products is expected to hinder the growth of the market throughout the forecast period.

On the basis of product type, the insect repellent market in Europe is subdivided into body worn insect repellent and non body worn insect repellent. The market for body worn insect repellent is driven by increasing consumer awareness about the safety aspect of these products. These insect repellents are mostly made of natural ingredients such as citronella oil and eucalyptus oil, which have minimal toxicity levels and do not have any side effects when applied on the skin. Insect repellent sprays are also manufactured from these natural raw materials and are considered to be safe for children, with little or no side effects.

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Non body worn insect repellents provide protection from critical insect-borne diseases such as malaria, dengue, Lyme disease and yellow fever among others. Moreover, low price of these products and easy availability across online stores, retail outlets, supermarkets, and hypermarkets are propelling the growth of the non body worn insect repellent products market in Europe. Thus by revenue, non body worn insect repellent was the largest contributor in the insect repellent market in Europe in 2014 and accounted for market share of approximately 96%.

The market for body worn insect repellent in Europe is further subdivided into oils and creams, apparel, stickers and patches, and aerosols. By revenue, oils and cream was the largest contributor to the market for body worn insect repellent in 2014. The major reason is attributed to wide utilization of these products in order to protect an individual from the bites of mites, mosquitoes, lice and ticks among others.

The market for non body worn insect repellent in Europe is further classified into coils, mats and sheets, liquid vaporizers, and aerosols. By revenue, aerosol was the largest contributor to the market for non body worn insect repellent in 2014. Aerosol cans are extensively used to repel or kill different insects including flies, mosquitoes, and cockroaches among others.

The insect repellent market in Europe is divided into fourteen countries: - Germany, U.K. France, Italy, Spain, Belgium, Switzerland, Netherlands, Denmark, Norway, Sweden, Finland, Iceland, and rest of Europe. In terms of revenue, Italy was the largest contributor in the market in 2014, accounting for a market share of approximately 20%. The market for insect repellent products in Italy is likely to grow at a rapid pace, owing to increasing health consciousness among consumers. Moreover, factors such as low prices of mosquito repellent coils and aerosol based insecticides in Italy are also responsible for propelling the growth of the market. However, the insect repellent market in the U.K. is likely to grow at the highest CAGR during the forecast period. The major reason is attributed to increasing prevalence of mosquitoes, ants, wasps, and flies among others in the country during the summer months. In addition, insect repellents are more popular in rural areas than urban areas as problems such as wasps are less common in towns and cities. 

Some of the leading players in the insect repellent market in Europe are Avon Products Inc. (U.S.), S.C. Johnson & Son, Inc. (U.S.), 3M Corporation (U.S.), E.I. DuPont de Nemours and Company (U.S.), BASF S.E (Germany) and Omega Pharma (Belgium). Key players have also been profiled on the basis of company overview, financial overview, business strategies and recent developments in the field of insect repellent. 

Mattress and Mattress Component Market Analysis, Trends and Forecast by 2026

According to a new market report published by Transparency Market Research titled “Mattress & Mattress Component Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global mattress and mattress component market is expected to reach US$ 83.6 Bn and US$ 30.2 Bn by 2026, expanding at a CAGR of 6.5% and 5.2% from 2018 to 2026. Asia Pacific held the dominant share in the mattress and mattress component market in 2017.

With growing consumer preference and huge market potential, the mattress market is expected to witness considerable growth in the coming years. Globally, innerspring mattress type dominates the market in terms of revenue. Innerspring mattress segment held the largest share in the global mattress market. Innerspring mattress constituted majority share in terms of revenue in the Asia Pacific mattress market in 2017 and this trend is expected to continue over the forecast period. Growing health issues due to sleep disorder among consumers are propelling the demand for good quality mattresses. With the increasing disposable income, most customers are ready to pay extra for health benefits as well as luxury bedding products for luxurious, comfortable sleep. Apart from this, the increasingly busy schedules of people are inducing mental tiredness in them, making sound sleep a compulsion. All these factors are anticipated to drive the mattress and mattress component market during the forecast period.

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In terms of mattress size, queen size mattress occupied the largest market share in the overall mattress market in 2017 and this trend is expected to continue over the forecast period. Queen size mattresses are the most cost effective size. These mattresses are an ideal choice for couples who are looking for floor space-friendly as well as cost-effective mattresses. Hence, demand for this particular mattress size is on the rise and is anticipated to maintain its position during the forecast period from 2018 to 2026. 

Growth in the mattress industry is driven by rise in construction activity influenced by economic development. Both commercial and residential construction is on the rise globally especially in the U.S. Housing and hospitality sectors are primarily supporting this growth. The commercial sector, which includes hotel industries, offices, and institutions, and healthcare industry, has seen robust growth in the past few years and is expected to witness similar growth in the coming years. Growing construction expenditure in emerging markets such as Asia Pacific will further strengthen demand. In addition, considerable growth in the hotel industry was observed in the Asia Pacific region with almost 350 new hotels and around 90000+ rooms opened in 2017. Majority of homeowners are undertaking home improvements to refurbish and to add value to their houses. Remodeling homes is the most popular renovation followed by wallpapering, painting, and carpeting among others. Consumers spend lavishly on home renovation in developed regions such as the U.S. and the U.K due to improved economic conditions. During home renovations, different shapes and sizes of mattresses (square, circular and semi circular, polygon or hexagon, and triangular among others) are purchased. Thus, it is expected to increase the demand for mattresses in these regions over the forecast period.

Asia Pacific held the largest market share in the mattress market and acquired more than 37% share in 2017. It is anticipated to be the most swiftly developing region due to rising adoption of health beneficial mattresses in the developing economies of China and India. China was the major contributor to the growth of the Asia Pacific mattress market. Moreover, China is the largest mattress market globally followed by the U.S. Asia Pacific was followed by the markets in North America and Europe. Asia Pacific is the largest as well as the fastest growing regional market owing to rising number of health conscious people who are ready to pay considerable amounts for products that are beneficial to health. All these factors have propelled the growth of the mattress market in this region. Other developing regions such as the Middle East and Latin America are expected to become new revenue generating areas for large mattress dealers.

Companies are focusing on achieving long-term growth through value added services The mattress market is highly competitive where top five players occupied more than half of the market share in the overall mattress industry in 2017. Major players in the mattress market include Tempur-Pedic International, Inc., Simmons Bedding Company LLC, Serta, Inc., Spring Air Company, Select Comfort, Southerland Bedding Co., Sealy Corporation, Kingsdown, Inc., King Koil, Inc., Zhejiang Huaweimei Group Co. Ltd., Silentnight Group, and Relyon Limited among others.

Sterile Medical Packaging Market is set to Expand at a CAGR of 4.7% during 2018-2026

A recent report by Transparency Market Research states that the global sterile medical packaging market is projected to witness a substantial growth from 2018 to 2026. This growth of the market is the result of the growing demand for hygienic packaging in industries like food and beverages and healthcare sector. Based on these developments, the global sterile medical packaging market is projected to witness a consistent 4.7% CAGR. With this rate the global sterile medical packaging market shall bag a major revenue generation. According to the experts at Transparency Market Research the global sterile medical packaging market stood strong at US$ 8.1 bn during 2017.

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HAI play an Important Role in the Growth of the Market

Hospitals are the place where one can get some serious infections. These infection are called hospital acquired infections or HAIs. These infections are capable enough to make someone terminally ill. To maintain the hygiene of the hospital it is very important to ensure the containment of the waste or used apparatus. Since developing countries are steadily improving their healthcare infrastructure, hence the demand for products that can successfully contain the infected disposable is increasing rapidly these days. As a result of these demand, the sterile medical packaging market is growing globally. 

Massive Research in the Field of Biologics to Boost the Market

Over the period of time biologics has gained significant popularity. This is because of the necessity of developing new drugs that can cure several disease, including some of the disorders. The biologics are also used in the treatment of complex disorders such as arthritis and diabetes. Since, the manufacturing process of biologics is highly complex and can change the rate of reaction in comes in contact with external biological components, the demand for sterile medical packaging bags has grown substantially. Consequent to this growing demand, the global sterile medical packaging market is projected to witness a substantial growth from 2018 to 2026.

Medical Equipment to Dominate the Application Category of the Market

In terms of application, the global sterile medical packaging market is anticipated to be dominated by medical equipment segment. As mentioned earlier, the case of HAIs have increased considerably in past few years. Medical institutes are actively using sterile medical packaging to ensure the contamination do not spread upon the contact. This allows them to ensure the hygiene of the facility. Moreover, medical equipment are highly sensitive to environmental impacts, due to which the global sterile medical packaging market is experiencing a major growth from 2018 to 2026.

North America’s Healthcare Improvements to Boost the Domination of the Region

North America is aggressively improving its entire healthcare infrastructure. This allows the manufacturers of sterile medical packaging to create large number of packaging solutions using sterile packaging. Based on these developments, North America is dominating the regional front of the global sterile medical packaging market from 2018 to 2026.

Water Soluble Films Market is expected to be Valued at US$ 403.7 Mn in 2026

According to the latest market report published by Transparency Market Research titled 'Water Soluble Films Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026', the detergents end use segment is expected to be the largest contributor to the global water soluble films market during the forecast period 2018-2026. Globally, the water soluble films market was valued at US$ 268.9 Mn in 2017, and is projected to increase at a CAGR of 4.6% during forecast period 2018-2026.

The water soluble films market is anticipated to register fast growth due to various government initiatives and regulations that have been formed for environmental protection. The increasing awareness among consumers regarding the use of bio-degradable materials will further boost the use of water soluble films. Demand is being generated from both, consumer and industrial segments. The safer, convenient, and optimal use of agrochemicals will drive the market for water soluble films, as governments are focusing on the disposal of agrochemicals in environment-friendly ways.

On the basis of thickness, the global water soluble films market is segmented into Below 30 Micrometer, 30-60 Micrometer, and Above 60 Micrometer. 30-60 Micrometer is the leading segment with a market share of over half of the global market in 2018. The Below 30 Micrometer segment is expected to emerge as the fastest growing segment in the market, owing to their increasing uptake.

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Based on end use, the market is divided into Detergents, Agrochemicals, Laundry Bags, Cosmetics, Chemicals & Pharmaceuticals, and Others. The Detergents segment is expected to account for more than 40% market share in 2018. The Agrochemicals segment is expected to emerge as the fastest growing segment in the market, owing to the increasing use of water soluble films in agriculture. This segment is expected to contribute around one-third to the market by 2026 end. The growth of this segment is attributed to the introduction of innovative packaging designs, new product launches, and increasing urbanization and disposable income of people around the world. Growing hygiene consciousness among consumers coupled with rising standards of living are propelling the demand for detergents. In addition, positive growth witnessed by the hospitality industry is also contributing significantly to the demand for detergents, thereby supplementing the overall demand for water soluble films in the detergent packaging industry.  Agrochemical packaging is also among the major demand drivers for water soluble films in the global market. Agrochemicals such as pesticides, insecticides, herbicides, fertilizers, and others chemicals are witnessing augmented demand in the agricultural sector, thus creating lucrative growth opportunities for water soluble films during the forecast period.

The trend is the designing of water soluble films for the food industry.  The growing preference of consumers for convenience and biodegradable packaging solutions for the food industry leads manufactures to develop water soluble films for the food industry. Moreover, producers of water soluble films focus on developing water soluble films for antimicrobial packaging applications.

Printing Paper Market to be driven by US$ 90 Bn by 2028 - TMR

The global printing paper market has been witnessing the entry of new market players over the past decade. This rampant barging of new entrants into the market is due to the rising demand for printing paper across several industries and segments. It is anticipated that the established market player would introduce new business strategies in order to mitigate the intense competition from the new entrants in the market. Improvement in quality of printing paper is projected to be the primary move of the leading market players in their quest to retain their dominance in the market. Furthermore, the ability of these leading players to mass produce is also expected to fortify their position in the global market for printing paper. Besides this, rigorous marketing and innovative business hacks are likely to be amongst the defining traits of the leading market players. On the other hand, the small and medium-sized players are projected to tap into the large scale demand from school and college students, office goers, and legal practitioners. Partnerships are also expected to be a key highlight of the small and medium-sized players in the global market for printing paper. Some of the prominent market players identified in the global market for printing paper are Sonoco Products Company, DS Smith Packaging Limited, WestRock Company, Stora Enso Oyj, Paper Company, Pratt Industries, Inc, Oji Holdings Corporation, KapStone Paper and Packaging Corp, Georgia-Pacific LLC, Mondi Group plc, Great Little Box Company Ltd., and Smurfit Kappa Group Plc.

A report published by Transparency Market Research (TMR) forecasts the growth trends of the global market for printing paper. The global market is expected to grow at a steady CAGR of 4.9% over the period between 2018 and 2028.

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Progressive Development of Printing Press to Propel Demand

The need for printing paper across several industries and sectors has led to the boisterous growth rate of the global market. A tremendous amount of demand shells out of the printing press that has remained the primary channel for dispelling over the past decades. Furthermore, printing of circulars, pamphlets, and notices in business units, schools, colleges, and other institutions has also amplified the growth of the global market for printing paper. Several print shops have surfaced across cities and town centers, which has further propelled demand within the global market. The industrial sector has also been an ardent consumer of printing paper and has offered growth spaces to market players. Besides this, the intensive paper work required for governance and planning within regions has also led to an increase in demand for printing paper. Despite these positive factors with regards to the global market, the emergence of e-newspapers, e-governance, and other digital services could hamper the growth of the global market for printing paper.

Asia Pacific to Emerge as Leading Regional Market

The market for printing paper in Asia Pacific is expected to outdo all other regional markets in terms of revenue. The growth of the Asia Pacific market owes to the huge-scale investment made by international players across the region. The growth of key industries in Asia Pacific has necessitated the need for paper work, documentation, and other hard copy materials, thus, giving an impetus to the growth of the global market for printing paper.

Collimating Lens Market - Global Industry Analysis and Opportunity Assessment 2027

Collimating Lens Market - Introduction

Collimating lens is a type of optical lens that required to convert divergent beams of radiation such as light into a parallel beam. The light can be collimated with high frequency just by selecting the appropriate properties of the lens and focal distance. A collimating lens system is generally comprise of a tube with one or more lenses. These lenses are possible to fix to any optical system via fiber connection or directly to the system for the acceptance or transmission of parallel beams of light.

Collimating lenses are mainly suitable for display measurement, which includes white point adjustment, flicker, response time gamma, and color analysis etc. The optics are designed in such a way that alignment of the measurement spot can be optimized with stable measurement data and high repeatability as a result. This all contributes to the development and production of high-quality displays. These lenses are also required in the measurement of light, particularly when measuring diffuse surfaces of light sources such as OLED panels. Furthermore, in production process management, where transmission data of translucent materials is important, in such application, a collimating lenses are useful for an analysis.

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Collimating Lens Market – Competitive Landscape

LightPath Technologies, Inc

Founded in 1985, LightPath Technologies, Inc is headquartered in Orlando, Florida. The company’s products and technologies are designed for applications such as automotive LiDAR, aerospace, automotive sensor, datacom, commercial, medical instrumentation, government, industrial instrumentation, firefighting, life sciences, military, research & development, and sensor (visible and infrared). LightPath Technologies produces a wide range of products designed to collect light from a fiber optic cable and produce a collimated beam. 

Ocean Optics, Inc.

Incorporated in 1992, Tristan Technologies is based in Largo, FL, U.S. The company is operate as a subsidiary of Halma plc. Ocean Optics, Inc. specializes in designing and manufacturing of collimating lenses which are largely used in measurement techniques such as absorbance, irradiance, fluorescence, and pH sensing technique.

Ingeneric GmbH

Incorporated in 2001, Ingeneric GmbH is located in Aachen, Germany. Ingeneric GmbH develops and mounts optical systems like homogenizers, collimation modules, and fiber couplers. Thus the company is known as a one of the leading suppliers of beam shaping optics for semiconductor lasers. In order to offer the best solution for industrial application the company provides a broad spectrum of fast-axis collimation optics. Years of development allow the company to offer optimized non cylindrical lenses for various applications.

Trioptics GmbH

Founded in 1991, TRIOPTICS GmbH is a company based in Germany. The company has global presence with headquarters in Germany. The company has strong global presence with its subsidiaries in Japan, China, France, Korea, Singapore, Taiwan and the USA and distributors in Russia, Turkey, India, Vietnam, Israel, and UK. The company mainly focused on optical measurement and manufacturing technology for lenses, camera modules, and lens systems.

Avantes BV

Avantes BV possesses an experience of over 25 years and occupies a position as a leading innovator in the development of fiber-optic spectroscopy instruments and systems. Thus the Avantes BV is the innovative, trusted leader in high quality and customer oriented optical instruments and solutions. The company operated mainly through its two business segment namely OEM (Original Equipment Manufacturer) and industrial & scientific. Avantes BV has headquarters is in Apeldoorn, the Netherlands.

Auer Lighting GmbH

Auer Lighting GmbH is a part of Advanced Lighting Technologies, LLC (ADLT). Advanced Lighting Technologies, LLC formed in 1995 to be a market-leading innovator and manufacturer of energy-efficient lighting materials. A collimator has the advantage to protect the light source from the surroundings when designed accordingly. One such optic that is made from Suprax glass by Auer Lighting is the LED collimator Bern, which provides a spot light with 12° beam angle.

Some of the key players operating in the global collimating lens market with significant developments include IPG Photonics Corporation, Optikos Corporation, The Optoelectronics Co. Ltd., and Thorlabs Inc.

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Chipless RFID Tags Market - Demand of RFID tags in Supply Chain Drives Industry!

Chipless RFID Tags Market - Introduction

With the introduction of radio-frequency identi?cation (RFID) technology as a contactless identi?cation technique, more consideration has been drawn towards the application of RFID in a variety of commercial areas such as access management, contactless payment, toll collection, tracking of goods and animals and so on. The RFID tags used earlier were integrated with chips which further increases the total cost of the tagged items. Therefore, there has been demand of low cost RFID tags that can be widely used without adding total cost in the tagged products. Several manufacturers came with low cost Chipless RFID tags that seems to be the ideal solution to address this concern. RFID tags without a silicon IC/microchip/RFID Tag IC are called Chipless RFID tags or RF fibers. These tags are made up of plastic or conductive polymers instead of silicon-based ICs. These tags are referred as passive RFID tags and these relies on electromagnetic power obtained from the RFID reader antenna. The tag reflects back a part of the reader's signal with the stored identification data back to the reader. The reflected signal usually has some sort of unique fingerprint that enables the reader to identify the tag and the transmitted data.

Chipless RFID Tags are low cost, fully printable tags and are designed to work over a wider temperature range and these tags also are less sensitive to RF interference. Contrary to a conventional RFID tag, a Chipless RFID tag needs neither a chip IC, nor self or remote empowerment. Thus, no transmission protocol needs to be used for the sake of detection. Instead, a chip less tag may be considered as a radar target having a speci?c recognizable electromagnetic signature.

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Chipless RFID Tags Market – Competitive Landscape

• In January 2019, Vubiq Networks has completed the development of a hardware/software millimeter wave hyperimaging system. This system will able to code and decode chipless RFID tags with an order of magnitude higher bit density as compared to existing solutions. This further reduces the cost of the tags to less than one cent per tag.

Alien Technology Corporation

Founded in 1994, Alien Technology Corporation is headquartered in San Jose, California. The American technology company is involved in the designing and manufacturing of radio frequency identification (RFID) and ultra-high frequency (UHF) products and services. It offers wide range of RFID transceiver tags, chips, labels and readers for item tagging, retail/apparel, transportation, life sciences, and other applications.

Zebra Technologies Corporation

Zebra Technologies Corporation is a leading Automatic Identification and Data Capture (“AIDC”) Company. The AIDC market consists of mobile computing, data capture, radio frequency identification devices (“RFID”), barcode printing, and other automation products and services. The company designs, manufactures, and sells a broad range of AIDC products, including: mobile computers, barcode scanners, RFID readers, specialty printers for barcode labeling and personal identification, real-time location systems (“RTLS”), related accessories and supplies, such as self-adhesive labels and other consumables, and software utilities and applications.

Dai Nippon Printing Co., Ltd.

Established in 1876, Dai Nippon Printing Co., Ltd. is headquartered in Tokyo, Japan. The company primarily engages in printing business worldwide. The company operates through major three segments - Information Communication, Lifestyle and Industrial Supplies and Electronics segment. The company’s electronic segment provides Color filters, large-scale photomask, touch panel sensors, optical and electrode films, display system for ultra-short focus projector, etc.; and semiconductor photomasks, master templates, hard disk drive suspensions, lead frames, metal substrates, camera modules, near field communication modules, electronic paper display systems, micro electro mechanical systems, etc.

NXP Semiconductors NV

Founded in 2006, NXP Semiconductors NV is based in Eindhoven, Netherlands. The Netherlands-based company possesses an expertise in the manufacturing of semiconductor electronics, high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company was formerly known as KASLION Acquisition B.V and changed its name to NXP Semiconductors N.V. in May 2010. 

Soligie Inc.

Founded in 2005, Soligie Inc. is a leading player in the printed electronics market. The company designs, manufactures and sells printed electronics. It provides iontophoresis patches, interactive pharmaceutical packaging products, and RFID antennas. The company operates in industries such as medical device, smart packaging, flexible interconnect, medical consumables, RFID/logistics, toys, novelties, financial and stored value cards, consumer disposables/goods, and packaging markets. Soligie, Inc. operates as a subsidiary of Molex Incorporated.

Some of the significant players in the chipless RFID tags market are Kovio, Inc., InkSure Technologies, Inc., Toppan Printing Co., Ltd., PolyIC GmbH & Co. KG, Vubiq, Inc. and among others.

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Special Effects (SFX) Software Market to reach ~US$ 1.7 BN BY 2027

Special Effects (SFX) Software Market: Introduction

According to a new market report pertaining to the global special effects (SFX) software market published by Transparency Market Research the global special effects (SFX) software market is projected to reach value of ~US$ 1.7 Bn by 2027. The special effects (SFX) software market is projected to expand at a CAGR of ~12% from 2019 to 2027. Expansion of the special effects (SFX) software market can be attributed to increase in adoption of special effects in the entertainment industry, and rise of streaming media. North America is anticipated to lead the global special effects (SFX) software market in terms of revenue, followed by Asia Pacific, during the forecast period.

Rapid Evolution of Technology: Opportunity

Although the rapid evolution of technology is one of the factors creating a gap between small- and medium-sized and large special effects labs/studios, on the other hand, it has created immense opportunity for the entire market to expand. This remarkable opportunity has overshadowed the moderate restraint factor.

Technologies such as virtual reality and augmented reality have enabled the industry to create huge effects in less time with lower capital investment, which was previously almost impossible to create. Furthermore, artificial intelligence, machine learning, forced perspective, 3D modelling, motion tracking, etc. are pushing the industry to create nerve-racking enthralling effects.

The advent of such technologies helps to create more realistic special effects, which offers spectators with jaw-dropping adventure, thus creating enormous demand for special effects (SFX) software.

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Special Effects (SFX) Software: Market Segmentation

The global special effects (SFX) software market has been segmented based on component, application, enterprise size, and region. In terms of component, the special effects (SFX) software market has been segmented into software and professional services, in which software is further bifurcated into on-premise and cloud/SaaS-based. Based on application, the market has been segmented into movies, television shows, advertisement, gaming, and simulation. In terms of enterprise size, the market has been divided into small & medium size enterprises and large enterprises.

Special Effects (SFX) Software Market: Regional Outlook

In terms of region, the global special effects (SFX) software market has been segmented into North America, Europe, Asia Pacific, and Rest of the World. North America dominates the global special effects (SFX) software market and accounted for 49.8% share by the end of 2019. It is estimated to maintain its dominance during the forecast period. The market in North America is estimated to expand at a growth rate (CAGR) of 13% during the forecast period.

The special effects (SFX) software market in Europe is projected to expand at a CAGR of 11% during the forecast period, due to increasing demand for 3D mobile games & applications in the region. The special effects (SFX) software market in Asia Pacific and South America is expected to expand moderately during the forecast period.

The report provides in-depth segment analysis of the global special effects (SFX) software market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries which offer considerable opportunities or account for significant share has also been included as part of geographic analysis for the special effects (SFX) software market.

Special Effects (SFX) Software Market: Competition Dynamics

The research study includes profiles of leading companies operating in the global special effects (SFX) software market. Key players profiled in the report include Adobe Systems Inc., Aptech Ltd., Autodesk Inc., BORIS FX, INC, FXhome Limited, headus (metamorphosis) Pty Ltd, Pixologic, Inc., Red Giant LLC, Side FX, Telestream, LLC, The Foundry Visionmongers Limited,  and Video Copilot and Final Image Inc.

Chemical Sensors Market to reach US$ 29.27 Bn by 2027

The vendor landscape of the global chemical sensors market is highly fragmented in nature because of the presence of numerous well-established players. Some of the notable names in the chemical sensors market include names such as F-Hoffman La Roche Ltd., Denso Corporation, Emerson Electric Co., Siemens AG, and Honeywell International among others. One key trend that has been observed among these chemical sensors market players is of growing investments in research and development activities. The objective behind these investments is to develop more reliable and efficient products that will cater to the evolving demands of the global population. Naturally, it is expected that the competition in the market will only intensify over the coming years of the forecast period. In addition to this, these leading players are expected to opt for mergers, acquisitions, and joint ventures in order to stay ahead of the competitive curve.

With such development shaping the vendor landscape of the global chemical sensors market, it is obvious that the growth of the market will reach newer heights. According to the research report published by Transparency Market Research, the global chemical sensors market is expected to touch the mark of US$29.27 bn by the end of 2027. This is a significant jump from the initial valuation of US$ 16.3 bn recorded back in 2019. Over the given course of the projection period, the global chemical sensors market is thus expected to exhibit a CAGR of 5%.

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Growing R&D Activities to Drive North America Segment Growth

In terms of geographical segmentation, there are five major segments of the global chemical sensors market. These segments are North America, Middle East, and Africa, Latin America, Asia Pacific, and Europe. Of these, currently, the chemical sensors market of the North America region is dominating the global market. The growth of the regional segment is expected to bolster over the mentioned forecast period due to the growing research and development activities followed by the booming automotive sector in the region.

On the other hand, the Asia Pacific segment is expected to exhibit a promising CAGR during the aforementioned period of forecast. This burgeoning growth of the regional segment can be mainly attributed to the increasing demand for these sensors from the oil & gas and food & beverages sector.

Initiatives Undertaken to Cut Down Carbon Emissions to Help Market Growth

One of the biggest driving factors for the growth of the global chemical sensors market is the increasing initiatives undertaken by several governments to cut down the carbon emissions across the globe. This has had a significant impact on the development of the chemical sensors market as more and more manufacturers are producing these sensors to comply with the regulatory norms. In addition to this, the ability of these chemical sensors to detect harmful gases and chemicals that pose risk to human lives as well as environment is driving up their sales. This has thus been another crucial driving factor for the growth of the global chemical sensors market.

Another important driving factor for the overall development of the global chemical sensors market is its wide-spread application range. The end-use application industries of chemical sensors range from smart packaging, automotive, to textile, and food & beverages. The advancements in respective sectors are expected to complement the growth of the global chemical sensors market. In addition to this, the development in the medical sector is also expected to have a positive impact on the growth of the global market.

This review is based on the research report published b Transparency Market Research titled, “Chemical Sensors Market (Type - Optical Sensor, Electrochemical, and Catalytic Bead; by End User - Oil and Gas, Automotive, Medical, Environmental Monitoring, and Industrial) - Global Industry Analysis Size Share Growth Trends and Forecast 2019 – 2027”

Computer Numerical Controls (CNC) Market to reach US$ 115.1 bn by 2027

The computer numerical controls (CNC) market is characterized by a highly competitive vendor landscape, mainly due the presence of numerous players in the market. Participating in mergers & acquisitions, focusing on achieving product differentiation, and facilitating product regulation also are prime strategies implemented by most players operating in this market.

The competition is expected to intensify with new players entering the computer numerical controls (CNC) market on a regular basis, thus giving rise to a fierce rivalry between individual players. DMG Mori Co. Ltd., Haas Automation, Fanuc Corporation, Siemens AG, Dr. Johannes Heidenhain GmbH, GSK CNC Equipments Co. Ltd., JTEKT Corporation, Takisawa Machine Tool Co. Ltd., OKUMA Corporation, and Yamazaki Mazak Corporation, are chief players operating in the global computer numerical controls (CNC) market.

Statistically speaking, the global computer numerical controls (CNC) market is expected to fetch a revenue of US$ 115.1 bn by 2027, which is a significant rise from an initial revenue worth US$ 64.0 bn registered in 2018. This growth is expected to occur at a rising CAGR of 6.7% during the forecast period from 2019 to 2027

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Need for Automation Boosts Market’s Growth

Rising concerns about reducing operational costs are being witnessed in several industrial sectors, consequently demanding large-scale automation. Such demands for automating various industrial processes is primarily driving the global computer numerical controls (CNC) market. This mainly because of reduction in overall manufacturing time and decreasing chances or human error to occur by using the CNC machines, consequently making them highly preferred.

Rising environmental concerns regarding reduction of industrial carbon footprint has led towards computer numerical controllers being increasingly used in place of manually operating machines. Doing this has resulted into improved efficiency being achieved by businesses working in the industrial domain, thereby being beneficial to the global computer controls (CNC) market.

Costly Maintenance and Servicing Dampens Product Sales

However, high costs associated with set up of CNC machines is profoundly retraining the market’s growth. This is as a result of low costs making it difficult for small-scale business with low capital to invest in the equipment. Even after the CNC instruments are purchased, they are quite costly to maintain, as they need to be serviced on a regular basis. Therefore, this factor is acting as a chief hindrance affecting the global computer controls (CNC) market. However, a slow-paced change has been occurring in the fundamental working mechanisms of the CNC machines, which is expected to reduce the workload and improve efficiency. Such changes are truly expected to offset some of the restraints affecting the global computer controls (CNC) market.

This market is mainly spread across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Of these, North America lead the pack with maximum revenue earned owing to a strong industrial infrastructure and associated development.

The study presented here is based on a report by Transparency Market Research (TMR), titled, “Computer Numerical Controls (CNC) Market (Types - Lathe Machines, Milling Machines, Lasers, Grinding Units, Welding Machines, and Winding Machines; Application - Automotive, Industrial, Power & Energy, and Defense & Aerospace) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027.”

Warehouse Management Systems Market to touch US$ 6,184.3 Mn by 2027

According to a new market report published by Transparency Market Research entitled “Warehouse Management Systems Market (Component – Software and Services; Software – On-premise and Cloud; On-premise – Labor Management Systems, Analytics and Optimization, and Others; Cloud – Labor Management Systems, Analytics and Optimization, and Others; Services – Consulting, System Integration, and Operations and Maintenance; Application – Retail, Electronics, Food and Beverage, Pharmaceutical, 3PL, and Others) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 - 2027,” the global warehouse management systems market was worth US$ 2,114.0 Mn in 2019 and is expected to reach US$ 6,184.3 Mn by 2027, expanding at a CAGR of 14.4% from 2019 to 2027.

The global market for warehouse management systems is driven by technological developments, rising adoption of cloud based warehouse management systems, increased demand from the health care and retail sectors, and strong demand from the Asia Pacific region. The expanding application areas of warehouse management systems along with improved functionality is also generating high demand for warehouse management systems specifically in Europe and the North America region. On the other hand, the warehouse management systems market is hampered by requirement of high initial investment cost for the deployment of on-premise WMS system and lack of ICT infrastructure and system scalability. However, the growing demand for cloud based WMS to reduce operational cost and growing e-commerce market is anticipated to present several growth opportunities over the forecast period.

On the basis of component, the market is segmented into software and service. The software segment further based on the deployment type covers, on-premise and cloud based software. Further, on-premise and cloud based software segments are each categorized into labor management systems, analytics and optimization, and others which includes 3PL billing and yard management. In 2018, on-premise warehouse management software was dominating cloud warehouse management software, however, the industry is observing a phase of change where most of the users are moving from on-premise to cloud solutions.

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On the basis of services, the market for warehouse management systems is segmented into consulting, system integration, and operations and maintenance. In 2018, the operations and maintenance segment held the largest revenue share of around half of the overall warehouse management services market and is expected to maintain its dominant position during the forecast period. Moreover, this segment is also expected to expand at the highest CAGR in terms of revenue during the forecast period from 2019 to 2027.

Based on applications, the global warehouse management system market is segmented into retail, electronics, food and beverage, pharmaceutical, 3PL, and others which includes books and publishing, and home improvement. Third party logistics (3PL) segment is expected to be primary adopter of warehouse management systems in near future. This is owing to third party logistics looking forward to changing their customer experience with the adoption of cloud based warehouse management system.

Geographically, in 2018, Europe is the largest market for warehouse management systems among other regions. Moreover, Asia Pacific is expected to witness the fastest growth during the forecast period. Countries such as India, China, Korea, and Japan are expected to be at the forefront of warehouse management system adoption due to increased technological investment in the region.

Some of the major players in the global warehouse management systems market with the most significant developments are HighJump Software, Tecsys, Inc., Infor Inc., JDA Software Group, Inc., LogFire Inc., Made4net LLC, Manhattan Associates Inc., Oracle Corporation, Reply, SAP SE, Softeon, Inc. and Synergy Logistics Ltd.

Market Segmentation:

Warehouse Management Systems Market Analysis, by Component

• Software
  • On-premise
    • Labor Management Systems
    • Analytics and Optimization
    • Other (3PL Billing, and Yard Management)
  • Cloud
    • Labor Management Systems
    • Analytics and Optimization
    • Other (3PL Billing, and Yard Management)
• Services
  • Consulting
  • System Integration
  • Operations and Maintenance

Warehouse Management Systems Market Analysis, by Application

• Retail (Apparel, Department & General Merchandise)
• Electronics
• Grocery/Food & Beverage
• Pharmaceutical
• 3PL
• Others (Books & Publishing, Home Improvement)

In addition, the report provides cross-sectional analysis of the warehouse management systems market with respect to the following geographical segments:

• North America
  • The U.S.
  • Canada
  • Rest of North America
• Europe
  • The U.K.
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • Australia
  • Indonesia
  • India
  • Rest of Asia Pacific
• Middle East and Africa (MEA)
  • The UAE
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• South America
  • Brazil
  • Rest of South America

Smart Home M2M Market Size, Share | Industry Forecast 2025

The vast presence of a number of players in the global smart home M2M (machine-to-machine) market makes it highly fragmented. These players, which include various platform providers, telecommunications operators, original equipment manufacturers (OEM), and device manufacturers, and chip providers come from diverse industry verticals and intense competition exists between them, notes Transparency Market Research (TMR). Leading players operating in the market include AT&T, Inc., Sierra, Wireless, Inc., KORE Wireless Group, Sprint Corporation, Deutsche Telekom AG, Telit Communications PLC, Vodafone Group PLC, Intel Corporation, Gemalto NV, and Cisco Systems, Inc. Several device vendors and telecom service providers are offering solutions and services for a variety of innovative smart home applications to consolidate their shares.

The global smart home M2M market stood at US$5.421 mn in 2016 and is projected to rise at an impressive CAGR of 13.3% from 2017 to 2025. Rising at this pace, the market is estimated to be valued at US$16.316 mn by the end of 2025.

The major applications of smart home M2M technology comprise access and security control, home entertainment, energy and climate management, lighting, connected wellness, and smart appliances. Of these, the energy and climate management application segment held the dominant share in 2016. This is attributed mainly to rising internet penetration, the growing use of wireless devices, and rising adoption of cloud-based services.

Regionally, the North America led the global market in 2016, with the U.S. accounting for a significant growth. The dominance of this regional market is attributed to a marked concentration of prominent players, substantial adoption of home automation devices, and the rising popularity of M2M technologies. 

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Advantages of Security, Comfort, and Convenience Key Propositions Driving Demand

The growing demand for home automation solutions for improving security and convenience is a key factor driving the smart home M2M market. The rising preference of intelligent home security systems over traditional ones is attributed to several advantages they offer to home owners. The integration of M2M with smart home systems allows intelligent control of lighting, temperature, and multi-media. The adoption of home automation systems has offered a variety of advanced functionalities, including smart operations of windows and doors, curtains and blinds, and automatic triggering of alarms in case of emergency. The demand for remote monitoring of homes and residential buildings for enhanced safety and the adoption of smart home technologies for patient care for elderly are key factors stimulating the uptake of smart home M2M solutions.

The use of smart home solutions powered by M2M enables the monitoring and management of energy consumption across residential buildings, leading to potential energy efficiency and cost-savings. The growing adoption of a range of smart home appliances such as smart meters, smart vacuum cleaners, HVAC systems, smart kitchen appliances, smart white goods is a prominent factor boosting the market.

The growing popularity of M2M technologies rides on the convenience of remote controlling and operating of these smart home devices through smartphones. The growing adoption of Wi-Fi and other low-power wireless communication technologies is a key factor bolstering the uptake of smart home M2M devices.

Lack of Standardized Connected Device Platform for M2M May Hinder Adoption

The soaring popularity of distributed smart home applications and the growing number of open-ended applications of smart home applications are significant factors fueling the market. However, the lack of standardized connected device platform for smart home M2M technology has led to the emergence of propriety technologies. In many cases, this has been found to hinder flexibility and interoperability of the devices. This is a key factor likely to impede the growth of the market to an extent. The mounting privacy concerns and safety breaches related with the adoption of smart home M2M solutions is a crucial factor likely to hamper their demand to an extent. In addition, the lack of reliable and high-speed internet in some regions has also capped the capabilities of smart home devices, adversely affecting the market.

Be that as it may, intensive efforts of vendors toward setting up compatible communication standards is a key development expected to boost the market. Furthermore, recent advancements in enabling technologies and the decline in prices of semiconductor devices and sensors are key trends expected to accentuate the market. The advent of low-power communication technologies is expected to accentuate the smart home M2M market.

Global Smart Locks Market worth US$1.01 bn by the end of 2024 - TMR

According to a recent report compiled by Transparency Market Research (TMR), the competitive landscape of the global smart locks market is prognosticated to show notable growth owing to the expansion of telecommunication networks and mobile computing devices. The market is estimated to expand at a remarkable rate within the next few years due to the surging focus towards investments of building smart city infrastructure that has aided the entire development of the smart locks market at a global level.

Major players of the global smart lock market are Assa Abloy Group, Honeywell International Inc., Home Inc., Assa Abloy Group, Panasonic Corp., and Samsung SDS Co. Ltd. Major companies are investing huge amount of money into research and development activities in order to bring forth the progress of product development in the market.

As per the TMR report, the global smart locks market is predicted to be worth US$ 1.01 bn between 2016 and 2024. The CAGR is estimated to be 18.30% by the end of 2024. Based on categorization by product type, the deadbolt segment is projected to hold large share in the global market owing to high product durability and low installation costs of the products. From a geographical perspective, North America is estimated to be holding a 33.6% share in the market with Europe competing closely.

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Asia Pacific to Accelerate Market Growth with Cost Efficiency and Technological Advancement

With the increasing prevalence of crime rates day by day, people all across the world are more concerned about safety and security at a personal level. The global smart lock market is being driven by factors like technological advancement and the rise in the number of crime rates. Moreover, the extensive usage of smartphone in the past few years have also fueled the smart lock market.

On the basis of geographical segmentation, the global smart locks market is categorized into the regions of North America, Asia Pacific, Middle East and Africa, Europe, and South America. Currently the market is dominated by North America and Europe. However, Asia Pacific may be anticipated to witness a rapid growth due to the emerging market especially in the emerging nations of India, Japan, South Korea and China.

Smart Home Facilities to Offer Lucrative Growth Opportunities for Market

Another important factor accelerating the development of smart locks market is the reduction in cloud infrastructure as well as mobile broadband cost. The increasing escalation of cost-efficient,  technologically advanced, and smart mobile computing devices, IoT solutions, Mobile technologies around the world is likely to bring lucrative opportunities in the growth and development of the smart lock market in the world.

With the introduction of smart homes, the need for smart locks has also increased due to the tight security preference of people these days. The low cost of universal mobile broadband and cloud infrastructure is likely to encourage end users to monitor and control any kind of device efficiently irrespective of whether it is smart lock or a smart thermostat. With the implementation of smart locks, one does not have to go hunting fir keys in order to open doors. Smartphones will do the needful.

Smart Agriculture Market to reach US$23.44 bn by 2025 - TMR

The smart agriculture market has come into prominence in recent times, as large scale commercial agriculture, and increasing pressure for conserving natural resources has come into the spotlight. The market is witnessing a major growth in recent times as small compact devices, with 24/7 monitoring technologies, and advent of supporting technologies like GPS, drones, continues to promise new opportunities for players in the smart agriculture market. the market stood at an evaluation of US$6.55 bn in 2016. With a robust CAGR of 13.2%, it will likely reach US$23.44 bn by the end of 2025.

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Rising Investment in Modernisation Promises a Major Boost

The modest income of farmers and increasing pressure on natural resources like land, water, among others has brought the agriculture sector in focus conventionally. However unlike in the distant past, today technology exists to modernise agriculture sector to monitor diseases in crops, their nourishment, and provide 24/7 water supply as necessary provide new opportunities for growth keeping in mind conventional challenges in the sector. Crop diseases can result in destruction of healthy food supply. Additionally, growing research in different genetic varieties, and their decreased resistance to diseases are major concerns for farmers and large scale commercial producers of agricultural products. The rising demand for agricultural products in the food and beverage industry, with brands like Coca Cola and Pepsi launching their natural drinks in recent times has brought back focus on growth for the smart agriculture market. 

Rising Government Support Promises New Opportunities for Growth

Rising support by governments to adapt expensive IoT devices, and infrastructure will promise major growth for the smart agriculture market in the near future. The growing demand for modernisation, and the increasing environmental issues associated with colossal water usage in the sector will drive new opportunities for growth. Moreover, agriculture sector also forms the backbone of the economy with inputs to the industrial sector for a wide range of products. The increasing emphasis on quality agricultural products, growth of the food and beverage sector, and rising opportunities in emerging nations will drive new avenues for growth for players in the smart agriculture market.

Some of the key players operating in the smart agriculture market across the globe are TeeJet Technologies, Raven Industries Ltd., AgJunction Inc., SST Development Group Inc., Trimble Navigation Ltd., Deere & Co., Hexagon AB, Ag Leader Technology, and Iteris Inc. 

The information presented in this review is based on a TMR report, titled “Smart Agriculture Market (Solutions - Network Management, Agriculture Asset Management, Supervisory Control and Data Acquisition, Logistic and Supply Chain Management, and Smart Water Management; Application - Precision Agriculture, Livestock Monitoring, Fish Farming, and Smart Greenhouse) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025.”

Smart Home as a Service Market to reach US$10.9 bn by the end of 2025

The global smart home as a service market is expected to nurture extensively in the years ahead, states Transparency Market Research (TMR) in a research report. The smart home market has seen significant advancement since 2010, when under 0.5% of homes in the Americas area had associated devices, for example, security, lighting, thermostats, and entertainment, according to the gadget catalogue of the IHS Markit smart home learning service. The vendors are winding under the risk of new entrants. Because of the fast multiplying IoT services and incremental ARPU, the market is attaining important grip from new vendors. Additional than this, substantial enthusiasm for IT infrastructure and CAPEX has elevated fences to the section of novel vendors. The normal years will along these lines make competition severer in the global smart home as a service market.

Rivalry predominant in the global smart home as a service market is significantly great on account of the ascent of amazingly ground-breaking players. The nonappearance of customary availability policy and current interoperability matters have reinforced the confinement among market players. According to the scenario, organizations are attempting to inaugurate their podium as the standard, which in this manner is advancing shock to the consumers bargaining capacity. The ADT Corporation, AT&T Inc., and Vivint, Inc., are a fragment of the key vendors in the market. The strategies accepted by these players have noteworthy influence on the total market.

TMR has projected the global smart home as a service market to go up at a high 18.1% CAGR in the time frame from 2017 to 2025. The market is probably going to reach a valuation of worth US$10.9 bn before the entire of 2025, from US$2.46 bn in 2016. On the basis of service, the global smart home as a service market can be separated into assimilated services and managed services. Amongst these, the integrated services created as a front-runner with an estimated share of 63.6% of each 2017. Region-wise, North America led the market for Smart Home as a Service.

As the household business is searching for advanced modernizations of warranting advanced security, it is depended upon to fortify open entryways for the market. The present advances have given smart home as a service with supplementary characteristics, for instance, instant updates, live video surveillance, and interference attentive, which were abstracted in its outdated equivalent. This dynamic is forecast to give the market substantial push in the years ahead.

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Cost Effectiveness to be Key Capitalizing Point

These provisions have established supreme for vitality management in the household part. Smart homes can allow clients to escalate advantages of entire deal price savings by governing their vitality application. Disregarding the high price of smart home things, the possible price savings they provide is a critical fact powering their demand globally.

Also, the ascent in demand for entertainment items is anticipated to create lucrative market openings. Smart homes allow clients to switch their entertainment gadget and many other family gadgets tenuously. This offers lodging as well as increases the complete entertainment market. Pushed by this, the demand for smart home as a service is likely to increase over the years ahead.

Expensive Nature of Services to Inhibit Market Growth in Long Run

Notwithstanding, in case of a disadvantage, the expensive nature of smart home things is a main block for the market players. In addition, the cost of improving these improvements is also extraordinary, which is curbing the market's arc especially across developing nations. Moreover, the chances of mistreating the modernization and privacy trepidations are not completely dealt away with it. These stresses make customers dicey over mounting smart home arrangements, in this way adversely having an effect on the overall market.

Smart Education and Learning Market - ASEAN Industry Analysis, Size, Share, Growth, Forecast 2020

The ASEAN smart education learning market is extremely fragmented on account of a large number of educational institutions offering very similar education. It is therefore not surprising the competition level runs high in the Asians modification and learning market.   With increasing efforts and initiatives taken by governments across Asia to strengthen the online education and smart education facilities, there has been a rise in the number of players entering the market in the past few years. Governments are also offering grants and developmental policies which are encouraging new players to enter the market. Transparency Market Research (TMR) states in its new report on this market that in order for companies to make the most of the growing opportunities in smart education and learning market, it will be important to strive for product differentiation.

According to TMR, the ASEAN smart education and learning market will rise to US$88.97 mn by 2020 and expand at a whopping 19.7% CAGR from 2016 to 2020. On the basis of geography, the Malaysian market will emerge as the leading contributor to the revenue of smart education and learning market. The high penetration of smartphones and highly developed state of the Information and Communication Technology (ICT) will fuel the growth of the Malaysia Market for smart education. Increasing initiatives taken by the government to promote the use of technology and education has boosted the use of desktops and Smartphones for delivering smart education to learners. Apart from Malaysia, Indonesia is also expected to emerge as a promising market for smart education and learning. The two countries combined, will exhibit a CAGR of 20.3% between 2016 and 2020. On the basis of the delivery model, the desktop/mobile based solution is anticipated to lead.

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Increasing Affordability of Smartphones and Easy Accessibility to High-Speed Internet Driving ASEAN Smart Education and Learning Market

According to the report, the growing use of Smartphones and high-speed Internet will be the two important factors which will drive the ASEAN smart education learning market. The affordability of Smartphones and easy accessibility has increased the use of mobiles in the education sector in the past few years. Malaysia, Singapore, Thailand have strong Information and Communication Technology infrastructure. This is also driving the use of technology for education purposes in ASEAN market. Implementation of projects integrating smart education and learning solutions and integration of ICT in schools is growing at an exponential pace. Educational institutions are making learning an interactive and technology-oriented process by introducing smartphones, digital whiteboards, tablets, smart boards, and virtual reality in classrooms.

The launch of ASEAN Economic Community (AEC) will fuel the demand for English language learning among the member countries of ASEAN which has resulted in English being the official language of (AEC). In addition to this, renowned foreign institutions have opened massive open online courses (MOOCs) which have propelled the demand for online courses in Asia and this will drive the growth of smart education and learning solutions market.

Use of State Of Art Technology and Tools Making Smart Education Unaffordable For Small-Scale Learning Centers and Institutions

The deployment of hardware, software, and tools is essential to start a smart learning facility and that requires high initial investment. Many of the tools involve state-of-the-art technology which means they are expensive and unaffordable for a large number of end users such as small learning centers and small-scale institutions. The high cost of smart education and learning tools will thus act as a challenge. Another factor which is expected to restrict the growth of this market is the availability of a large number of online courses and options to choose from. This creates a lot of confusion among students who become indecisive about the right selection of the course as well as the platform. On a positive note, however, virtual reality classrooms will fuel the growth opportunities within the market. Cloud computing, as well as real-time analytics in smart education, will also create significant growth opportunities.

This review of the market is based on a recent market research report published by TMR, titled “Smart Education and Learning Market (Delivery Model - Classroom-based, Desktop/Mobile-based, and Simulation-based, End User - Higher Education, Transnational Education, TVET, Early Childcare & Pre-School, Language Training, Continual Professional Development, and Qualifications, Assessment & Standards) - ASEAN Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2020.”

Smart Grid Data Analytics Market is to Reach USD 4.6 Billion by 2022 | CAGR of 13.4%

The demand within the global market for smart grid data analytics has been rising on account of advancements in the domain of smart technologies, finds Transparency Market Research (TMR). Although the field of analytics has existed for decades, it has attained a level of sophistication and wellness only over the past decade. This factor is a testimony to the competence of the vendors operating in the global for smart grid data analytics market. These vendors have maintained a high level of accuracy and detail from the inception of analytics services which has in turn given an impetus to their growth prospects.

The leading vendors in the global for smart grid data analytics market have existed since the start of the field of data analytics and testing. Hence, the deployment of analytic technologies for testing the viability and functioning of smart grids is a key prospect of growth for these vendors. This is because the entire world is moving towards smarter technologies, and smart grids are an important component of the smart grid infrastructure. The smaller vendors in the global for smart grid data analytics market are relatively new to the market, and are expected to focus on accustoming to the needs of the consumers. There is a high possibility of new revenue sources emerging in the global for smart grid data analytics market in the years to come.

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Transparency Market Research (TMR) finds that the global market for for smart grid data analytics would expand at a starry CAGR of 13.4% over the period between 2015 and 2022. Furthermore, the market for for smart grid data analytics is expected to touch a value of US$4.6 bn by 2022-end, rising up from a value of US$1.6 bn in 2014. On the basis of geography, the market for smart grid data analytics in North America is projected to expand at a stellar rate.

Popularity of Smart Technologies to Propel Demand

The worldwide energy sector has become steadfast in inducting technologies that can save energy. This is done by means of smarter systems that are capable of self-correction, fault-detection, energy-conservation, and deficit-diagnosis. Hence, the demand for smart grid data analytics is projected to keep rising in the years to come. Smart grids are installed across a region after a careful analysis of economic, financial, and social factors associated with the region. Therefore, analytics tools are a handy means to gauge the progress of smart grid systems across a region.

Slow Deployment of Smart Grids to Hamper Growth

The demand within the global market for smart grid data analytics could be hindered by the sluggish rate of deployment of smart grids. Several new and old vendors have emerged in the smart grid market, yet investments in smart grids are slow to come. Despite this roadblock to market growth, the global smart grid data analytics market is projected to keep expanding as smart technology summits become commonplace. Furthermore, the market for smart grid data analytics shall also expand as emerging economies also adopt smart technologies within their framework.

The review is based on TMR’s report titled, “Smart Grid Data Analytics Market (Solution Type - AMI Analytics, Demand Response, Grid Optimization, Asset Management, Energy Forecasting, and Data Visualization Tools; Service - Professional Services and Support & Maintenance Services; Deployment Model - On-premise, Cloud-based, and Hybrid; End-user - Small/Medium Enterprises, Large Enterprises, and Public Sector) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022”.

The Global Smart Grid Data Analytics Market has been segmented as presented below:

Global Smart Grid Data Analytics Market, by Solution Type

• AMI Analytics
• Demand Response Analytics
• Grid Optimization
• Asset Management
• Others (Energy Forecasting and Data Visualization Tools)

Global Smart Grid Data Analytics Market, by Service

• Professional Services
• Support & Maintenance Services

Global Smart Grid Data Analytics Market, by Deployment Model

• On-premise
• Cloud-based
• Hybrid

Global Smart Grid Data Analytics Market, by End-user

• Small/Medium Enterprises
• Large Enterprises
• Public Sector

Global Smart Grid Data Analytics Market: Geography

• North America
  • US.
  • Canada
• Europe
  • U.K.
  • Italy
  • Spain
  • France
  • Germany
  • Rest Of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • ASEAN
  • Rest Of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of South America
• Middle East & Africa (MEA)
  • GCC
  • South Africa
  • Rest of MEA

Audience Response System and Polling Software Market 2019 - 2027 | Sales Revenue Forecast

Increasing adoption of audience response systems and polling systems in commercial and education sectors 

• An audience response system and polling software is an easy to use assessment and engagement solution, allowing real time participation of the audience using keypad devices or their own mobiles.
• Most training sessions and corporate companies are expected to adopt audience response system and polling software to understand audience views and employee suggestions about specific strategies. The education sector is also expected to adopt the audience response system to collect feedback of students on various topics of discussion..
• Audience response systems and polling software include hardware and software components to collect the responses, and voting for various types of questions including numeric, multiple choice, ordering, true/false, and short answer questions.
• Audience response system and polling software allows the presenters to collect participants response and provide graphical representation of results, for quick analysis and reporting.

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Key Drivers of the Audience Response System and Polling Software Market

• Increased demand for audience response systems and polling software in the education sector is one of the most important factors responsible for the growth of the audience response system and polling software market.
• Market players are providing software based polling systems to expand the geographical presence of the respondent which is expected to fuel market growth during the forecast period. Respondents can easily submit their response for any given question through applications installed on their smartphone and all data can be analyzed by the presenter or data analyst.
• Increasing demand for audience response system and polling software is expected to create huge revenue opportunity for solution providers.

Availability of open source audience response systems and polling software expected to hinder the market growth

• The availability of open source audience response software over the internet is expected to hinder the growth of the audience response system and polling software market.
• On the other hand, several polling software are facing integration issues with devices and short lifecycle of the devices, which is expected to affect the demand for audience response system and polling software in the future
• Technological advancement in the system increases security threat of the data. The polling system also records the customer’s personal data through application registration on the mobile phone. This creates the threat of unauthorized access to respondent data.

North America to hold major share of the global audience response system and polling software market

• North America is expected to hold prominent share of the audience response system and polling software market due to increasing demand for classroom response systems from the education industry in North American countries.
• In North America, most education firms and companies adopt audience response systems to analyze the views of students and employees which is expected to increase the demand for the system during the forecast period.
• The audience response system and polling software market in Asia Pacific is projected to expand at a prominent CAGR during the forecast period due to increasing demand for advance polling systems in industries and from the education sector.                                          

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Voice Controlled Devices Market 2019 - 2027 | Sales Revenue Forecast

Increasing demand for voice assistant systems in smart home solutions

• Voice controlled devices use voice recognition technology to identify and convert human voice into system language which can be understood by devices.
• Voice controlled devices allow interaction between humans and machines to improve home automation systems.
• The adoption of voice controlled devices are increasing in residential and industrial sectors to improve the work process with voice control systems without any human interaction. Voice recognition systems analyze the voice of a particular person and subsequently approve or deny access to the system.
• Smart voice controlled devices are also used to unlock electronic devices, send text messages, emails, and for initiating phone calls. Several manufacturers are expected to introduce voice recognition systems in smart kitchen appliances, and banking & financial sectors to assist and control different processes such as transaction and customer data mining.
• The adoption of voice controlled devices is expected to increase in the manufacturing industry and in the residential sector.
• These devices are also beneficial for physically handicapped people to control multiple devices by voice commands.

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Key Drivers of the Voice Controlled Devices Market

• Growing demand for smart home solutions and smart voice assistants is expected to increase the demand for voice controlled devices in the forthcoming years. Continuous development in smart home network solutions is expected to drive the growth of the voice controlled devices market.
• The automotive sector has been rising adoption of voice controlled devices. Voice controlled devices are being used to provide driving assistance, which is expected to enhance the driver’s experience. This factor is expected to fuel the demand for voice controlled devices during the forecast period.
• The above mentioned factors are expected to create new revenue opportunities for voice controlled device providers

Increasing threat of cyber security and privacy issues expected to hinder the growth of the voice controlled devices market

• One of the most important factors expected to create hindrance in the market growth is threat of cyber security.
• In smart homes, the devices are interconnected through cloud, for communication. The usage of cloud services increases the threat of cyber security, where unauthorized users can access the personal devices through their system.
• Voice controlled devices are facing system integration issues with the user’s system or devices which is expected to restrain the market growth of voice controlled devices.

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