Mobile Payment Technologies Market- Increasing Adoption Of Smartphones And Tablets Across Emerging Economies

Mobile Payment Technologies Market – Snapshot

According to a new market report published by Transparency Market Research titled “ Mobile payment technologies market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”, the global mobile payment technologies market is expected to reach US$ 50,561.64 Mn by 2026, expanding at a CAGR of 37.8% from 2018 to 2026. Asia Pacific held a prominent share of the mobile payment technologies market in 2017 and is projected to be at the forefront of global demand, and the market in the region is expected to expand at a significant CAGR among all regions.

Mobile payment is a concept wherein a portable electronic device such as a smartphone, tablet, or cell phone is operated as a payment medium. Mobile payment technology allows consumers to make immediate payments for products and services. Growing adoption of advanced technologies such as near field communication (NFC), wearable devices, and mobile point-of-sale (m-POS) are expected to lift the demand for mobile payment technologies in the forthcoming years. The idea of using mobile payment technologies derives from avoiding the usage of currency, coins, plastic, and paper media such as checks, cash, bank transactions, and debit/credit cards. Currently, the mobile payment technologies market is expanding at a higher rate due to the increasing adoption of smartphones and tablets across emerging economies.

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Remote payment segment to expand rapidly during the forecast period

The mobile payment technologies market can be segmented based on type, purchase type, end-use applications,end-user, and geography. Based on type, the mobile payment technologies market has been segmented into proximity payment and remote payment. The growth of the remote payment segment is due to increasing adoption of mobile wallets by consumers for payment purposes at the retailers or for e-commerce. Proximity payment technology market is further segmented into near field communication (NFC) and QR code payments.

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Money Transfers & Payments segment to be a major revenue generating segment in 2026

Based onpurchase type,the mobile payment technologies market has been divided intoairtime transfers & top-ups, money transfers & payments, merchandise & coupons, travel & ticketing and others. In terms of end-user, the mobile payment technologies market has been divided into hospitality and tourism sector, BFSI, media and entertainment, retail sector, healthcare, education, IT & Telecommunication, and others.

Major players operating in the global mobile payment technologies market include MasterCard International Inc., Visa, Inc., American Express, Co., Boku, Inc., Fortumo, PayPal, Inc., Bharti Airtel Ltd., Vodafone Ltd., AT & T, Inc., Google, Inc., Apple, Inc.,Tencent,Ant Financial Services Group, and Microsoft Corporation.

Industrial Cyber Security Solutions and Services Market - Gain Impetus Due To The Rising Incidence Of Cybercrimes

Global Industrial Cybersecurity Market: Snapshot

The global market for industrial cybersecurity solutions and services is prognosticated to gain impetus due to the rising incidence of cybercrimes across discrete and process management industries. The expansion of the global industrial cybersecurity market could be a result of increase in internet penetration in different parts of the world. Rise in demand for industrial cybersecurity in other end-use industries, viz. automotive, oil and gas, aerospace and defense, and energy and power is expected to push the growth of the global market. On the other hand, increasing adoption of IoT in industrial control systems and cloud security solutions could stoke the demand in the global industrial cybersecurity market.

The global industrial cybersecurity market is predicted to log a 9.2% CAGR during the forecast period 2018-2026 to reach a valuation of US$29.97 bn by the end of 2026. In 2017, the global industrial cybersecurity market bagged a US$13.75 bn.

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Antivirus/Malware Gathers Significant Share to Push Software Solution Higher

On the basis of end-use industry, the global industrial cybersecurity market is classified into two main segments, i.e. discrete and process industries. Discrete industries are further bifurcated into FMCG, metal and mining, medical devices, electrical and electronics, aerospace and defense, and automotive. Process industries are also further classified, where key sub-segments are water and wastewater treatment, energy and power, pharmaceutical, pulp and paper, food and beverages, chemical, and oil and gas. By security layer, the global industrial cybersecurity market is divided into application, cloud, end-point, and network securities.

On the basis of component, the global industrial cybersecurity market is segregated into three chief classifications, viz. services, software solution, and hardware solution. Among these, software solution is prophesied to secure a lion’s share of the global industrial cybersecurity market in the coming years. Software solution is further segmented into DDoS, application whitelisting, UTM, IAM, DLP, virtualization security, SCADA encryption, SIEM, antivirus/malware, backup and recovery, firewall, and IDS/IPS. Among these, antivirus/malware could gain a larger share of the global industrial cybersecurity market.

Hardware solution is further cataloged into Ethernet switches, gateways, routers, and other networking devices. Among these, Ethernet switches are foreseen to dominate the global industrial cybersecurity market in the near future. Services are also further classified into risk management, managed services, assessments and audits, consulting and training, and maintenance and integration. Among these, managed services are projected to collect a king’s share of the global industrial cybersecurity market as the number of cyberattacks increases in the coming years.

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Strong Increase in User Base Pans Out for North America to Lead Market

Geographically, North America is envisaged to lead the global industrial cybersecurity market, taking into account the massive count of users existing in the region. In 2017, the regional industrial cybersecurity market could rise at an 8.4% CAGR. Europe could follow suit as it shows a similar growth trend during the course of the aforementioned forecast period. After Asia Pacific, the MEA is anticipated to exhibit a higher CAGR in the global industrial cybersecurity market. The growth in the Asia Pacific industrial cybersecurity market could not be turned a blind eye to. The emerging region is forecast to show a promising rise in the global industrial cybersecurity market owing to its aggressive rate of industrialization.

The global industrial cybersecurity market witnesses the presence of prominent names of the industry such as CyberArk Software Ltd., Rockwell Automation, Inc., and Schneider Electric SE.

Property Management Software Market is Flourishing Due To The Maximization Of Income And Capital By An Investor Or Developer

Property Management Software Market - Snapshot

property management software market is a cloud-based or on premise solution that provides efficient management of properties. Property management software primarily offers financial reporting, online maintenance requests & tracking, online document storage & sharing, accounting capabilities, electronic lease agreements, and integrated banking among other applications. Property management software helps property managers and owners simplify the property management processes by eliminating communication gaps, tracing finances, storing leasing documents and contracts, and facilitating rent collection processes. Various software are developed in order to look after tenant placement, maintenance and repairs, and the ongoing administration of properties. Property management software is gaining in importance and popularity. In addition, core property management software providers are emphasizing on developing software solutions and establishing the appropriate framework to achieve objectives of the property owner. Furthermore, the market is flourishing due to the maximization of income and capital by an investor or developer.

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Rise in infrastructure development across the world is fueling demand for real-time access to property information. Construction or development of multi dwelling units (MDUs) is increasing around the globe, primarily due to the increase in cost of infrastructure. In addition, increase in emphasis of property managers and owners on scalability, cost-efficiency, and time savings is contributing to the expansion of the property management software market. Additionally, property owners and managers are emphasizing on collecting and maintaining property information for enhanced data administration and accessibility with the help of centralized property management software. Similarly, development of apartment buildings is also supplemented by factors such as affordability and buyer type and preferences and macroeconomic factors such as population and employment growth. Lack of awareness about property management software is one of the restraints of the market. Cybersecurity risks such as malware attacks and vulnerabilities in cloud-based solutions are causing an adverse effect on property management software. The property management software market is more opportunistic toward rapid technological and infrastructural developments, especially in countries such as India, Brazil, China, Poland, Mexico, the Philippines, and South Africa.

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The property management software market can be categorized based on component, application, end-user, and region. Based on component, the property management software market can be segmented into software and services. The software segment can be further classified into on premise and cloud. The services segment can be further categorized into system integration, training & support, and consulting. In terms of application, the property management software market can be divided into commercial and residential. The commercial segment can be further segmented into retail spaces, office spaces, hotels, airports, seaports, etc. The residential segment can be further categorized into multi-family housing/apartments, single family housing, student housing, etc. The multi-family housing sub-segment can be further classified into apartment buildings (low rise) and apartment towers (high rise). Based on end-user, the market can be categorized into housing associations, property managers/ agents, corporate occupiers, and property investors.

Freight Trucking Market to reach Opportunities worth of US$6,252.81 Bn by 2025 End

The presence of a copious number of players, from the private as well as private sector, is what makes the global freight trucking market increasingly fragmented, finds Transparency Market Research (TMR). A growing number of players are toying with a host of strategies to consolidate their positions continuously. Prominent players are focusing on new product launches to retain their share in the global market. They are also actively entering into mergers and acquisitions, with the move to expand their geographic positions, in order to reap substantial competitive gains. Several freight service providers are also augmenting their capacities to bolster their positions.

Players with sizeable stakes in the global freight trucking market include Concargo Private Limited, Procet Freight, Transtech Logistics, Interlogix Private Limited, Tuma Transport, Kuehne+Nagel Incorporated, Swift Transportation, Cargo Carriers, FedEx Corporation, United Parcel Service Inc., and Ceva Holdings LLC.

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The global freight trucking market is projected to expand at a CAGR of 5.6% from 2017 and 2025. Rising at this pace, the opportunities in this global market will reach a worth of US$6,252.81 billion by the end of the forecast period. The market stood at US$3,844.76 billion in 2016.

The various types of freight trucks in the market are truck trailer, lorry tank, flatbed truck, and refrigerated truck. Of these, the refrigerated truck is prognosticated to rise at the leading CAGR over the assessment period. The growth of the segment has been underpinned by burgeoning volumes of transport coming from perishable commodities.

The geographic landscape is led by Asia Pacific which contributed the major share of revenue to the global market in 2016. The substantially rising uptake of freight trucking in its various economies is fueling the regional market.

Burgeoning Volumes of Transported Goods World over bolster Uptake

The staggering rise in volumes of transported goods in various parts of the globe is a primary factor driving the demand for freight trucking. The market growth is also catalyzed by intensifying need for reliable truck load services to meet the various supply chain needs in end-use industries, coupled with the swift pace of industrialization in emerging economies. A rapidly rising trade and commerce in developing regions is contributing to the vast rising demand for truckload services.

Proliferating Home Deliveries from Online Shopping accentuate Growth

The proliferating demand for online shopping is imparting a robust momentum to the growth of the market. The attractive strides being experienced by the e-commerce sector, especially in emerging and developed nations, is stoking the demand for freight trucking services. Furthermore, the market is also benefitting from aggressive marketing of online shoppers, coupled with rapid advances in internet services, in various parts of the globe.  Of great significance is the trend of home deliveries, which has added to the substantial uptake of freight trucking services.

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Vulnerability in Oil and Gas Prices key Constraint, Technological Advancements to drive Growth

The notably rising demand for long-distance cargo transportation in developing and developed regions is boosting the demand for freight trucking services. The market growth is also propelled by the extensive demand for cold storage vehicles for the transportation of perishable products, notably food and beverages.

However, the marked vulnerability in oil and gas prices globally is also hampering the revenue of the freight trucking market. In particular, the sharp fall and surge in fuel prices broadly hinder the revenue of freight trucking service providers. Nevertheless, the market will explore exciting paradigms underpinned by technological advances in products. Various makers of freight trucks are bringing advancement in truckload carriers’ functionality, which has created lucrative avenues for market players. The advent of diverse products also augurs well for the market.

Tinned Steel to Remain Sought-after by Automotive Microcontrollers Market Manufacturers

Automotive manufacturers are utilizing microcontrollers for a wide range of requirements including seating, power steering, engine control, and antilock brakes. Leading players in the global automotive microcontrollers market are emphasizing more on developing software, which is required for proper functioning of automobiles.

A new report by Transparency Market Research has identified key players actively contributing to the market expansion. These players include Texas Instruments Incorporated, NXP Semiconductors NV, STMicroelectronics NV, Microchip Technology Inc., Renesas Electronic Corporation, Silicon Labs Private Limited, Fujitsu Limited, Maxim Integrated Products, Inc., Infineon Technologies, and Toshiba Corporation.

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Tags for Microcontrollers to Witness a Gradual Hike in the Upcoming Years

Microcontrollers are now being adopted in infotainment systems, providing connectivity to vehicle network. Hybrid electric vehicles have witnessed a surge in popularity, owing to their energy efficiency. These vehicles require comparatively more microcontrollers than conventional vehicles. Although cost of microcontrollers remained lower in the recent past, tags for microcontrollers will witness a gradual hike over the upcoming years. This is likely to lead toward an increased prices of vehicles. Furthermore, integration of microcontroller is likely to remain challenging for automobile manufacturers, which can be attributed to their complex design.

One of the key trends observed in the global automotive microcontrollers market is utilisation of microchips to make improvements in the vehicle’s connectivity with its moving systems, and to enhance the vehicle’s flexibility. An automotive microcontroller enables increasing the execution speed, allows automatic control sensing, and improves safety features including the high temperature control and air bag control. Currently, microcontrollers are being implemented in sophisticated safety features, such as blind spot detection, surround view cameras, automated braking & lighting, advanced driver assistance systems (ADAS), and lane change warning.

The global automotive controllers market will register an impressive CAGR of over 10% during the forecast period (2017-2022). Over US$ 1,600 Mn revenues will be accounted by sales of automotive microcontrollers across the globe by 2022-end.

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Key Takeaways from TMR’s Report on Global Automotive Microcontrollers Market

• With convergence of transportation, automotive, and ICT sectors, Asia-Pacific excluding Japan (APEJ) has been witnessing an increase in demand for cars that are technologically advanced. This has led toward advent of advanced vehicle ecosystem in the region. Introduction of driving assistance technology in APEJ have prompted OEMs in opting for efficient microcontrollers for catering to current market requirement. These factors are expected to propel the market for automotive microcontrollers in APEJ. APEJ will become the most lucrative market for automotive microcontrollers by 2022-end, surpassing North America, which was the largest market for automotive microcontrollers in 2017.
• Tinned steel will remain sought-after among materials by manufacturers of automotive microcontrollers, followed by copper alloy. Revenues from sales of these two materials for production of microcontrollers will collectively account for over two-third share of the market during 2017 to 2022.
• Heavy commercial vehicles will remain dominant among vehicle type in the global microcontroller market, in terms of revenues. However, sales of automotive microcontrollers in light commercial vehicles will register a relatively faster expansion through 2022.
• Although premium passenger cars will remain more lucrative than light commercial vehicles in the market, sales of automotive microcontrollers in the former vehicle type segment will reflect a comparatively lower CAGR than the latter through 2022. Sales of automotive microcontrollers in electric vehicles will register the second highest CAGR in the market through 2022.
• On the basis of application, ADAS and parking assist system will account for approximately similar revenue shares of the global automotive microcontrollers market during the forecast period. Brake control system will continue to be the largest application of automotive microcontrollers throughout the forecast period.

Global Automotive End-Point Authentication Market : Players Keen on Adhering to Safety Standards to Spell Growth

The global market for automotive endpoint authentication is anticipated to witness a healthy growth over the coming years. According to Transparency Market Research (TMR), the vendor landscape fragmented with few market participants. The industry is monopolized by established vendors which makes it tough for new market participants to gain a foothold. Also, the costs involved with setting up production plants in this industry are quite high and tend to deter medium- and small-sized enterprises. Some of the key vendors participating in the global end-point authentication market are Synaptics Incorporated, Symantec Corporation, Garmin Ltd., Sonavation, Inc., and Fujitsu Ltd.

Our report predicts that the global automotive end-point authentication market will grow at healthy CAGR of 8.6% over the forecast period of 2017 to 2025. The market, which stood at an estimated valuation of US$0.504 mn in 2017 is expected to touch US$1.115 mn by the end of the forecast period.

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HVs and EVs to Emerge Popular Market Segments

The overall automotive end-point authentication market comprises of conventional and electric & hybrid vehicles based on the vehicle type. Our report mentions that while the conventional vehicle segment has held almost half of the overall market revenue till date, the segment of HVs and EVs is expected to gain prominence. Over the coming years, electric and hybrid vehicles segment is set to experience a surge in growth rate due to their growing popularity and utilization. Being eco-friendly and fuel efficient they will see their sales soar further.

Considering geographical segmentation, Europe generated the most revenue with a whopping thirty percent share of the overall market. While based on growth rate, the Asia Pacific is foretold to see immense growth opportunities. This is attributed to the perpetually increasing demand of passenger vehicles in growing economies like China and India.

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Regulatory Standards to Create Ample Market Opportunity

Significantly propelling the market is the stringent regulatory requirements globally that are compelling automobile manufacturers to develop vehicles having improved safety and security features, leveraging end-point authentication as a major technology. Besides, automotive end-point authentication technology aids in stemming thefts and damages to vehicles. This is also expected to catalyze growth in the market.

An important growth driver in the global automotive end-point authentication market is the stringent regulatory requirements in different parts of the world. Global standards such as Federal Motor Vehicle Standards, National Highway Traffic Safety Administration (NHTSA), and Euro standards are egging vehicle manufacturers to produce vehicles having enhanced safety and security features.

Safety Concerns to Augment Market Growth Further

At present, cars are connected with Bluetooth and WIFI, thus rendering them vulnerable to cyber-attacks. Hence, it has become essential to invest in a security system, which can prevent malfunction and unauthorized access. This can be attained by installation of an automotive endpoint authentication system that prevents cyber-attacks and unauthorized access to the vehicle or its peripherals.

Additionally, the rise in growth for smartphone application market is also augmenting the market growth for automotive end-point authentication. Moreover, in automotive sector, the Biometric Application programming Interface (BioAPI) would certainly boost the market growth for end-point authentication

Rapid Expansion of Automotive Industry Fuels Global Automotive Crankshaft Market to Reach US$3 bn by 2021

Transparency Market Research (TMR) has recently published a market study on the global automotive crankshaft market, estimating the market to expand at a CAGR of 2.10% during the period from 2015 to 2021 and reach a market value of US$3 bn by the end of the forecast period.The research report, titled “Automotive Crankshaft Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021”, states that worldwide automotive crankshaft market stood at US$2.5 bn in 2014.

The expansion of the worldwide automotive crankshaft market depends on the dynamics of the global automotive industry. Currently, the automotive industry is reporting an immense growth in the global arena, which is subsequently driving the global automotive crankshaft market. The huge capital required for R&D activities for the further advancement of crankshaft is, however, creating a severe challenge for the market, as per the report.The report analyzes the global automotive crankshaft market on the basis of the types of crankshafts, materials utilized, and the types of vehicles.

Based on types, the global automotive crankshaft market is classified into the markets for flat plane crankshaft and cross plane crankshaft. The flat plane crankshaft market is leading the overall market at present. Forged steel and cast iron are the primary materials utilized to make automotive crankshaft.The markets for light commercial vehicles, heavy commercial vehicle, sports utility vehicles (SUV), multi utility vehicles (MUV), passenger vehicles, and other vehicles are the major segments of the worldwide automotive crankshaft market on the basis of vehicle types. Among these, the market for passenger vehicles is likely to register the highest growth over the forecast period.

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The increasing disposable income among middle-class consumers has led to increasing preference for passenger vehicles, thereby fuelling the demand for automotive crankshaft to a great extent. In addition to this, the global market for automotive crankshaft is projected to experience a significant demand during the forecast period, owing to the escalating demand for diesel cars and heavy commercial vehicles across the globe, the report states.

North America, Asia Pacific, Europe, and the Rest of the World are the primary regional markets for automotive crankshaft. According to the report, the automotive crankshaft market in Europe led the global market in 2014 and was closely followed by the market in North America. High disposable income has raised the purchasing power of consumer in these regions, which has triggered the demand for automobiles and eventually, the demand for automotive crankshaft significantly.

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