Rahul Gautam published Automotive Dealer Management System Market Research Study and Strong Growth in Future 2024 in Submit Content 2019-06-26 06:09:27 -0700
Growing demand for enhanced sales tracking, better inventory management, improved customer relationship management (CRM), and easier commission and insurance calculation, in addition to technological advancements in dealer management systems (including data analytics and marketing tools) is expected to drive the global automotive dealer management system market in the coming years.
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Based on application, the automotive dealer management system market has been categorized into sales, finance, inventory management, dealer tracking, CRM, and others. The market for inventory management is expected to grow at a fast pace during the forecast period. This can be attributed to improvements in resource utilization, which are helping the players in the automotive industry make significant profits.
Automotive dealer management systems are of two types: public and private. Of the two, the private category held the larger share in the automotive dealer management system market during the historical period. This can be mainly ascribed to the growth in the number of private companies offering these systems in the automotive industry. Also, the public companies offering these systems are fewer in number as compared to the private companies operating in the industry.
Globally, North America had a significant share in the automotive dealer management system market, owing to the wide acceptance of advanced technologies in the U.S. automotive industry, which is one of the major markets for dealer management systems, and the high concentration of major global players, such as CDK Global LLC, The Reynolds and Reynolds Company, and DealerTrack Holdings Inc., in the region.
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Some of the major players in the industry are CDK Global LLC (formerly known as Automatic Data Processing (ADP) Dealer Services), The Reynolds and Reynolds Company, DealerTrack Holdings Inc. (a subsidiary of Cox Automotive Inc.), Dominion Enterprises, incadea GmbH, and International Business Machines (IBM) Corporation.
Rahul Gautam published Software Defined Wide Area Network Market Regional Revenue Latin America in Submit Content 2019-06-25 21:52:20 -0700
The Latin American software defined wide area network (SD-WAN) market is expected to reach $219.4 million by 2023, according to Intelligence.
Rising adoption of cloud-based applications and need for simplified enterprise network management are the major drivers of the market in the region.
Insights on market segments
Based on offering, the Latin American SD-WAN market is classified into solution and service. SD-WAN solution category accounted for more than 80% of the market revenue in 2017 and is expected to contribute a larger revenue share during the forecast period. This can be attributed to growing need for deploying reliable infrastructure to overcome shortcomings of internet network connection such as limited bandwidth availability and prioritization of data routing.
With growing network complexity and data congestion on network ends, intelligent pathway control mechanism offered by SD-WAN enables policy-based routing, where network path is assigned based on source, destination, and specific application. Therefore, the demand for intelligent pathway control offers immense opportunities for the Latin American SD-WAN market players, owing to its dynamic path selection capabilities, which allow IT administrators to set up performance threshold for various types of traffic such as latency sensitive traffic, interactive traffic, and others. This ensures that critical data and applications use the best path, based on latency, jitter, and loss over the available virtual private network (VPN) tunnel in the network.
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Market Segmentation by Offering
- WAN infrastructure
- SD-WAN control and overlay
- Communication Service Provider (CSP) SD-WAN managed service
- Cloud-managed SD-WAN
Market Segmentation by Appliance
Market Segmentation by Implementation Type
Some of the key players operating in the Latin American SD-WAN market are Cisco Systems Inc., Citrix Systems Inc., Silver Peak Systems Inc., CloudGenix Inc., Ecessa Corporation, Riverbed Technology Inc., Mushroom Networks Incorporated, VMware Inc., Gluware Inc., Elfiq Networks, and Aryaka Networks Inc.
Rahul Gautam published Broadcasting and Cable TV Market Research Study and Strong Growth in Future 2024 in Submit Content 2019-06-25 05:33:30 -0700
Continued digitization of distribution infrastructure and the demand for regional and niche content is expected to drive the growth of broadcast and cable TV market in the coming years. The convergence between entertainment, information, and telecommunication is increasingly impacting the broadcasting and cable TV market. Increase in television broadcasting, including pay-TV, digital broadcasting, portable-TV broadcasting and satellite-TV broadcasting are also expected to promote rapid growth in the global broadcasting and cable TV market.
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In India, the favorable regulatory environment and recent reforms are creating investment opportunities in the broadcasting and cable TV market. A number of recent developments, including relaxation of foreign investment limits along with relaxation of entry restrictions for foreign companies, in the telecoms and broadcasting sectors in India have been introduced to improve the regulatory environment and boost the broadcast and cable TV market.
The global broadcasting and cable TV market can be segmented into “live” and “non-live” channels. The “live” refers to networks that are constantly dealing with real time information and live events, such as news and sports channels (ESPN, Fox Sports IBNLive, BoxNation, CNN and others). On the other hand, “non-live” channels refer to other TV channels which broadcast non-live content or pre-shooted television programs/TV shows/serials, to be provide entertainment when required or scheduled.
One major trend in the broadcasting and cable TV market is the emergence of smart TV’s, which provide users with better viewing quality and comfort, along with bigger and slimmer screens. The emergence of smart TVs has led to the growing number of associations between smart TV vendors and cable TV operators and these partnerships are proving to be mutually beneficial for both parties.
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The major competitors in the global broadcasting and cable TV market include BBC, Sky plc, Time Warner, Viacom Inc., and Vivendi. Some other competitors in the global broadcasting and cable TV market are AMC Networks Inc., CSC Holdings LLC., Coinstar Inc., Comcast, Discovery Communications, Inc., DISH Network L.L.C., Netflix, Inc., SBS Broadcasting, Disney, and UnitedGlobalCom, Inc. among others.
Rahul Gautam published Automotive 3D Printing Market Opportunity Assessment Study in Submit Content 2019-06-25 02:22:04 -0700
The global automotive 3D printing market is expected to observe an extensive growth in the coming years, due to factors such as reduction in lead time in production, low operational cost, design flexibility, proficient use of raw materials, and ease of customization. In addition, continuous technological advancements, growing manufacturers’ focus on product quality, and growing demand for precision machined components are expected to benefit the market. Apart from this, availability of entry-level low-cost 3D printers is anticipated to have a positive impact on the market’s growth.
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On the basis of component, the automotive 3D printing market is categorized into technologies, materials, and services. During the forecast period, the market is anticipated to witness the fastest growth in the category of technologies. The category is further classified into stereolithography (SLA), selective laser sintering (SLS), electron beam melting (EBM), fused deposition modeling (FDM), laminated object manufacturing (LOM), and others.
Additionally, materials category is further divided into metals, polymers, and others. Polymers are most extensively used 3D printing materials, mainly due to their strength and flexibility properties. However, the metals are anticipated to gain traction in the near future in the automotive 3D printing market, mainly because they can withstand high pressure and temperature.
Geographically, North America was the largest automotive 3D printing market, followed by Europe and Asia-Pacific, during the historical period. The penetration of 3D printing application is highest in North America mainly due to early adoption of technologies as compared to other regions. However, Asia-Pacific is expected to lead the market during the forecast period, owing to increasing investments by public and private establishments in the region. Also, countries such as China and India are expected to invest heavily to commercialize several technologies in the automotive sector. Additionally, expiration of key patents related to 3D printing processes has impelled manufacturers and start-ups to enter the market in the region. Apart from these, decline in prices of 3D printers would also boost the demand for 3D printing.
Increasing need to manufacture complex design in the automotive sector within short span of time, coupled with increasing demand for precise machined components and high product quality is the primary factor driving the automotive 3D printing market. 3D printing process has a number of advantages over traditional manufacturing process such as shorter value chain, time and cost reduction through elimination of assembly steps, greater customization and design freedom, and minimal wastage. Additionally, at the initial stage of production, the usage of 3D printing is beneficial, as designers can early identify errors or defects from initial prototype; thus, eventually reduces overall production lead time and operational cost.
The global automotive 3D printing market is concentrated with few major players. One of the main key players in the market is 3D Systems Corporation. The company provides 3D printing solutions with several features, including transformation workflows, design optimization, and innovation in product application. Other leading vendors in the industry are Stratasys Ltd., Autodesk In.c, Arcam AB, EnvisionTEC Inc., Höganäs AB, Optomec Inc., Ponoko Limited, Stratasys Ltd., The ExOne Company, and Voxeljet AG.
Rahul Gautam published Advanced Transportation Pricing Systems Market Outlook, Forecast to 2024 in Submit Content 2019-06-25 01:54:21 -0700
North America accounted for the largest market of advanced transportation pricing systems in 2014. The high penetration of the intelligence transportation system in North America is driving the growth of the advanced transportation pricing systems market in the region. Asia-Pacific is expected to be the fastest growing market during the forecast period. The growing need for crowd management in developing and populous countries, such as India and China is expected to drive the demand of advanced transportation pricing systems in coming years.
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The road user fees vary according to the time of the day, or day of the week. It is highest during the periods of peak rush and lowest during less rush hours. The variably priced lanes, variable tolls on entire roadways, cordon charges, and area-wide charges are some of the pricing strategies followed within the congestion pricing. Vehicle miles travelled fee systems are based upon charging the road users, on the basis of miles travelled by them. Congestion pricing system is expected to boost the advanced transportation pricing systems market during the forecast period. Especially in the densely populated emerging countries.
The Advanced Transportation Pricing Systems (ATPS) includes vehicle miles travelled (VMT) fee systems, fee-based express lanes, congestion pricing, and electronic toll collection. Some of the factors driving the growth of the advanced transportation pricing systems market are cashless travel facility, need for saving travel time, and fast toll collection.
The advanced transportation pricing systems increases the safety and efficiency of public transportation systems, and also offers road users with better access to information on system operations. The increased usage of advanced public transportation system is changing the nature of public transportation services and transforming the ways of operation of public transportation systems, which in turn expected to boost the growth of the market during the forecast period. The aim of advanced transportation pricing systems is to increase traveler’s convenience and ridership, and provide more information for effectively making the decision on systems and operations.
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Some of the competitors in the global advanced transportation pricing systems market are, TransCore Inc., Kapsch TrafficCom AG, Q-Free ASA, and EFKON AG.
Rahul Gautam published Government Cloud Market Challenges, Opportunities, Trends and Market Analysis by 2023 in Submit Content 2019-06-25 00:30:25 -0700
The global government cloud market is expected to reach $49.2 billion by 2023.
Increased reduction in total cost of ownership (TCO) and rise in government inclination towards digital transformation are the major factors driving the growth of the market.
On the basis of solution, the government cloud market is categorized into product and service, where the market for products is estimated to generate higher revenue for government cloud, due to its high adoption owing to the increased awareness of its benefits. However, during the forecast period, the market for services is expected to exhibit faster growth. This can be attributed to the fact that the quality and delivery time of services are controlled by certain predefined service level agreements (SLA), which makes processes more efficient and transparent.
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The government cloud products are further categorized into storage, disaster recovery, identity access management (IAM), risk compliance management (RCM), and others. During the forecast period, disaster recovery solution is projected to witness the highest growth in the global government cloud market, with CAGR of 15.7%. This growth can be attributed to the mounting demand for applying the backup plans offered by disaster recovery, to prevent transaction and data losses in government agencies. Also, government agencies are increasing their focus on IAM, due to the rising need for top-notch cloud-based authentication procedures.
North America is estimated to contribute the highest revenue, accounting for nearly 34% to the global government cloud market in 2017 and is expected to generate a revenue of more than $15,000 million by 2023, driven by the high demand and huge investments in cloud-based solutions from government agencies.
Some of the key players operating in the government cloud market are Google Inc., International Business Machine Corporation (IBM), Microsoft Corporation, Cisco Systems Inc., Oracle Corporation, Salesforce.com Inc., Hewlett Packard Enterprise, VMware Inc., and Intel Corporation.
Rahul Gautam published South America IoT Market Demand Rate with Regional outlook & Forecast 2023 in Submit Content 2019-06-23 23:49:13 -0700
The South American IoT market is projected to reach $19,407.1 million by 2023, according to P&S Intelligence.
Increasing government efforts toward IoT deployment, growing focus on the development of digital networks and smart cities, and rising penetration of the internet, coupled with the high demand for smartphones, are the major factors driving the market growth.
Insights on market segments
Based on platform, the South American IoT market has been categorized into device management, application management, and network management. Application management platforms are in high demand among South American IoT solution deployers, owing to the increased need for improving application performance and its lifecycle management. Hence, during the forecast period, the market is expected to witness the fastest growth in this category, with 34% CAGR.
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Development of digital network and smart cities is a key growth driver for the market
Increasing focus on infrastructural development, better access to communication networks, and standardization of the interoperability of devices in IoT systems is a major factor leading to the growth of the digital network landscape in South American countries, which, in turn is boosting the demand for IoT in all priority fields. Besides, growing focus on the development of smart cities to improve the quality of life and facilitate sustainable development through technology is driving the growth of the South American IoT market. For instance, Ericsson and Qualcomm Technologies Inc. are planning to implement IoT infrastructure in agriculture, smart cities, and vehicle and asset training fields in Brazil during 2018–2022.
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Some of the key players operating in the South American IoT market are Qualcomm Technologies Inc., Intel Corporation, Microsoft Corporation, General Electric Company, Siemens AG, IBM Corporation, Oracle Corporation, Cisco Systems Inc., SAP SE, and T-Systems International GmbH.
Rahul Gautam published Smart Parking Systems Market by Systems, Technology, Vertical Type and Parking Site in Submit Content 2019-06-21 04:25:21 -0700
Smart parking systems help the vehicle user to find the nearest parking space and provides information on the availability of parking slots in the parking area. The smart parking systems market includes sensors, real-time data and smart-phone-enabled automated payment systems that allow the users to reserve parking slot in advance. The systems identify the exact state of a parking space, if vacant or occupied, and examines and transmits information to various sources, which include mobile applications, signage and web-based applications.
The parking systems involve a wide range of technologies and equipment that suits to various parking lots. The parking technologies can be designed and modified as per the requirements of various parking spaces available. Residential buildings and complexes have limited flow of passenger cars and SUVs although places like hospitals, shopping malls and corporate hubs have a large number of vehicles coming and exiting from the parking areas on a regular basis. Therefore, the demand for smart parking systems is increasing significantly. The smart parking systems uses well-improvised technologies and equipment for consistent operation during the forecast period (2017-2023). The systems are expected to expand its reach from parking at shopping malls and company parking to various multiple platforms, including public parking by giving parking information, based on cost in real time. Additionally, smart parking systems play a major role in reducing the CO2 emission and help traffic movement in the city more efficiently.
The global smart parking systems market is expected to witness a CAGR of 15.8% during the forecast period, to reach $4,800 million by 2023. The parking sensors have emerged as the largest segment in the global smart parking systems market. In 2016, Asia-Pacific was among the fastest growing markets, due to growing awareness of end-users about smart parking systems in the region. With the sudden surge in the number of passenger cars in China and India, initiatives taken by different state governments such as smart cities mission is expected to develop better parking and traffic management solutions in India. Due to huge adoption of parking management systems in different cities of Europe, the region dominated the global smart parking systems in 2016. Under the market segmentation by technology, the parking sensor dominated the market as compared to other components in the global smart parking systems market in 2016; however, the steering angle sensors is growing at a faster rate than other technologies.
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The government initiatives toward the adoption of smart parking systems is one of the major factors driving the smart parking systems market. The demand from upcoming smart cities is expected to drive the global market. With the growing number of hospitals, shopping complexes and corporate hubs, the demand for smart parking systems is increasing. Another important factor driving the market is easy accessibility of smart parking systems, its economic nature and ability to reduce carbon footprints in the atmosphere. It accesses and maps the status of vacant parking spaces from any location through mobile-based apps or web browser. Thus, it significantly reduces the risk of finding the parking spot and also reduces unnecessary travelling time of vehicles across filled parking slots in a city. The smart parking systems reduce CO2 emissions in urban cities by bringing a plunge in search for vacant parking lots by car owners and helping them in properly managing their parking availability and reducing traffic congestions.
The global smart parking market reported a consolidated structure in 2016, where the market is led by a few global players. The key regional players operating in the market include Valeo S.A., Continental AG, Robert Bosch GmbH, Kapsch TrafficCom AG, Cubic Corporation and TKH Group-Park Assist.
Rahul Gautam published Integration Platform as a Service (iPaaS) Market Opportunity Assessment Study in Submit Content 2019-06-21 00:53:51 -0700
According to P&S Intelligence, the Global iPaaS market is projected to reach $4,054 million by 2022, growing at a CAGR of 40.4% during 2017 - 2022.
Global iPaaS market to grow in double digits
As per the research, the global iPaaS market has been growing in double-digits. iPaaS is a cloud integration platform that integrates application and databases. It can also be defined as a set of cloud based suit, which helps in enabling end-users to develop, manage, govern and integrate application and services as a single, integrated infrastructure. The increasing demand across various end-use industries including telecommunication, BFSI, manufacturing, healthcare & life sciences, education, consumer goods & retail, government & public sector and media & entertainment coupled with growing awareness about iPaaS among enterprises, is likely to spearhead the growth of the global iPaaS market.
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Insights on market segments
Telecommunication contributes with highest revenue to the iPaaS market, while BFSI, healthcare and life sciences, government and public sector, manufacturing, media and entertainment, consumer goods and retail and education are the other major types of iPaaS. The market for iPaaS in government & public sector is likely to register the highest growth during the forecast period on account of growing data traffic, rising government spending towards advance technology and growing security concern. On the other hand, cloud service orchestration accounts for the largest revenue in global iPaaS market, and is further expected to be the leading segment on account of growing focus of the companies to optimize workload and maximize cloud investments.
Geographically, North America has been the largest market for iPaaS and Asia-Pacific has been the fastest growing regional market. The market in the region is also expected to grow at rapid pace during the forecast period. The U.S. stands as the largest market globally, whereas the market in India has been growing at highest pace.
iPaaS enables the business organizations to gain adaptability, flexibility and balance. Business agility refers to distinctive qualities of organizations to allow them to respond rapidly to the changes in the internal and external environment without losing the vision of the enterprise. With rising competition, the companies are focusing towards innovation and technological advancement to reduce the inaccurate, or obsolete information, which is driving the need for iPaaS among business organizations.
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The research states that the global iPaaS market is moderately competitive, with players investing heavily in innovation and research & development for the enhancement in their wired and wireless communication to increase their market share. Some of the key players operating in the global iPaaS market are Informatica, Boomi Inc., MuleSoft, Inc., SnapLogic, Inc., Celigo, Inc., Jitterbit, Inc., IBM Corporation, Oracle Corporation, DBSync Ltd and Scribe Software Corporation.
Rahul Gautam published Hybrid and Electric Vehicle Battery Market Growth and Demand Forecast to 2022 in Submit Content 2019-06-20 23:13:11 -0700
The global hybrid and electric vehicle battery market is expected to grow at a CAGR of 20.0% in terms of value during 2016-2022. Among the various applications, the electric vehicle segment accounted for largest share (46.5%) in the hybrid and electric vehicle battery market in terms of value in 2015.
Electric vehicle require battery for their operation, while hybrid electric vehicle use conventional fuel along with an electric propulsion system. Hybrid electric vehicle accumulate energy, when the vehicle decelerates. The power stored in batteries of hybrid electric vehicle is used for forceful tasks, such as accelerating from standstill. Once the vehicle is in motion, the combustion engine later runs the vehicle’s movement.
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Majority of European countries import hybrid and electric vehicle battery from China, Japan, and South Korea. Despite slower economic growth in Europe, countries such as Norway, France and Sweden are expected to witness growth in the hybrid and electric vehicle market during the forecast period. The increasing penetration of hybrid and electric vehicle is expected to drive the growth of the hybrid and electric vehicle battery market during the forecast period.
The major players operating in the global hybrid and electric vehicle battery market include, Panasonic Corporation, Automotive Energy Supply Corporation, BYD Company Limited, Lithium Energy and Power GmbH & Co. KG, LG Chem., Tianneng Power International Co. Ltd, Hitachi Vehicle Energy Ltd., Shenzhen Bak Battery Co. Ltd., and Zhejiang Tianneng Energy Technology Co. Ltd.
Rahul Gautam published IoT Market in Structure Monitoring Key Players, Application And Forecast in Submit Content 2019-06-20 21:50:52 -0700
Global IoT Market in Structure Monitoring is expected to grow at a CAGR of 24.2% during 2017 – 2022, according to new market research report published by P&S Intelligence.
Insights on market segments
As per the findings of the research, device management for structure monitoring through IoT will witness a robust growth during the forecast period. However, physical security system has been the larger revenue generator in this market, as compared to other solutions offered. Among the various platforms used in IoT for structure monitoring, application management is expected to continue contributing the largest revenue during the forecast period. Also, IoT in structure monitoring will be witnessing fastest growth in demand for applications in bridges, during 2013 - 2016. On the other hand, market for buildings is also expected to show a robust growth during the forecast period.
The global IoT market in structure monitoring is expected to reach a size of $235.3 billion by 2022, growing at a CAGR of 24.2% during 2017 – 2022. With the rising incidence of natural calamity and disasters, the earthquake monitoring system is anticipated to witness the fastest growth during the forecast period. Also, the rising number of vehicles are putting tremendous pressure on the existing and upcoming infrastructures to accommodate the ever-growing vehicles, which depicts the need of effective parking management system through IoT.
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The demand of physical security is witnessing rapid growth in building surveillance system. Also, increasing urbanization, in addition to the growing penetration of maintenance and repair activities in bridges in developing countries, is expected to bolster the demand of IoT in structure monitoring during the forecast period.
Highly consolidated global market
The global IoT market in structure monitoring was consolidated in 2016, wherein the top five players accounted for majority of the market revenue. Johnson Control Inc. was the global market leader in 2016, while the other major companies operating in this market are Cisco Systems Inc., IBM Corporation, General Electric, Honeywell International Inc, Schneider Electric SE, ABB Ltd, and Delta Control Inc.
Rahul Gautam published Digital Signage Market Future opportunities, Growth Analysis 2024 in Submit Content 2019-06-20 05:54:54 -0700
The digital signage market is growing at a considerable rate due to cost-efficiency. Emerging technologies such as ultra-high definition and growing demand for signage solutions for retail, hospitality and government organizations are some of the factors providing growth opportunity to the digital signage market in the coming years.
Due to advancement in infrastructure and technological advancements in the developed countries such as Europe and North America, the digital signage market is expected to grow at an exponential rate in the coming years. The Asia-Pacific digital signage market is expected to witness the highest growth rate during the forecast period due to growth in business sectors and favorable economic conditions in the region.
The developing countries such as India and China are also supporting the growth of signage market in the region due to increasing purchasing power, booming retail sector, and enhanced consumer living standards.
The digital signage technology is used across several industries for applications such as point of purchase (POP), infotainment, advertising and promotion, point of transit (POT), and point of sales (POS). The demand for Digital-out-of home (DOOH) applications is increasing which has enhanced the use of global positioning system (GPS); supporting the digital signage market. Nowadays, Biometric technology is being integrated with the digital signage technology for a better user experience.
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On the basis of type, the digital signage market can be categorized as software, hardware, and services. Software includes distribution and scheduling software, analytics software, edge server software and content management software. Hardware includes projectors, display, mounts and media players. Services include maintenance and support services, and installation services. On the basis of technology, the digital signage market can be categorized as rear projection, liquid crystal diode (LED), ultra high definition (UHD), plasma, and light emitting diode (LCD).
Increased usage of organic light emitting diode (OLED) based displays in mobile phones and tablets, and growing use of LED backlit panels in digital signage to prevent paper wastage are some of the factors driving the growth of the digital signage market. The highly dynamic nature of digital signage is providing opportunities to the digital signage market to grow in the coming years. Some of the factors restraining the growth of the digital signage market include low awareness about this technology and its benefits to consumers, lack of standards for interoperability between devices, and power related issues of digital signage.
Some of the competitors in the digital signage market are LG Display Co., Ltd., Planar Systems, Inc., Sony Corporation, AU Optronics Corp., Omnivex Corporation, Adflow Networks, Samsung Electronics Co., Ltd., Panasonic Corporation, Sharp Corporation, and NEC Display Solutions.
Rahul Gautam published Truck Platooning Market Outlook, Dynamics, Drivers, Challenges and Competitive Landscape in Submit Content 2019-06-20 03:13:46 -0700
The global truck platooning market is projected to witness significant growth during the forecast period, owing to the rising environmental pollution and the growing need for safer road transport, operational efficiency in trucks, and efficient truck fleet management.
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On the basis of technology, the truck platooning market has been categorized into global positioning system (GPS), human–machine interface (HMI), forward collision warning (FCW), autonomous emergency braking (AEB), lane keep assist (LKA), blind spot warning (BSW), and adaptive cruise control (ACC). Of all these, the fastest growth in the market during the forecast period is expected from the ACC technology, as it is indispensable to truck platooning. It helps in adjusting the vehicle speed and maintaining optimum distance between the trucks in a platoon through the use of radio signals.
According to the European Federation for Transport and Environment, vehicular emissions from trucks currently contribute about 25% of the total road transport emissions. Also, as per an Intelligent Transportation System for Commercial Vehicles (ITS4CV) study by European Road Transport Telematics Implementation Coordination (ERTICO), platooning can help achieve significant reduction in CO2 emissions, with up to 16% reduction from the trailing trucks and up to 8% from the leading truck.
The report will also provide a country-wise analysis. Some of the major countries that are covered in the report include the U.S., Canada, U.K., France, Germany, Spain, Sweden, Netherlands, Norway, Austria, Belgium, Sweden, China, Japan, Australia, Singapore, U.A.E., and Kuwait.
The global truck platooning market includes truck OEMs and the technology providers and is primarily characterized by the growing number of mergers and acquisitions in addition to increasing investments.
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Some of the major truck OEMs incorporating this technology in their products are Volvo AB, Daimler AG, and Scania AB, and some of the key technology providers in the industry are Peloton Technology Inc., Continental AG, Bendix Commercial Vehicle Systems LLC (a subsidiary of Knorr-Bremse AG), and Meritor WABCO Vehicle Control Systems.
Rahul Gautam published Automotive Regenerative Braking Systems Market Segmentation and Opportunities Forecast to 2023 in Submit Content 2019-06-20 02:36:44 -0700
Global automotive regenerative braking systems market is projected to reach $18,228.3 million by 2023, according to P&S Intelligence.
The market growth is mainly driven by stringent government regulations associated with greenhouse gas emission by vehicles. Many government bodies around the world, such as European Commission and Environmental Protection Agency (EPA) have imposed strict regulations regarding greenhouse gas emission, which is expected to benefit the automotive regenerative braking systems market during the forecast period. In addition, the performance advantages offered by these braking systems over conventional ones, such as reduced excessive wear and tear of the braking unit is also driving the market growth.
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Insights on market segments
Based on storage type, the automotive regenerative braking systems market is categorized into battery, flywheel, hydraulics, and ultracapacitors. The batteries category is estimated to hold the largest share in the market, with around 75% contribution in 2017. High usage of battery-based RBS system in passenger cars is the major factor driving the growth of this category. However, in terms of growth, ultracapacitors are expected to lead the market during the forecast period, owing to better charge-discharge capability than batteries, and their ability to run at lower temperature (till -40 degree Celcius).
Asia-Pacific is estimated to hold the largest share in the automotive regenerative braking systems market, with a contribution of close to 65% in 2017. The region is also expected to be the fastest growing market for automotive regenerative braking systems during the forecast period.
North America is estimated to be the second largest automotive regenerative braking systems market, with a share of more than 15.0% in the global market in 2017. The increase in the demand of zero emission vehicles (ZEVs) owing to stringent government regulations is acting as a driver for the growth of automotive RBS in the region.
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Some of the prominent players operating in the automotive regenerative braking systems market are Continental AG, Adgero S.A.S, Skeleton technologies, and Denso Corporation. The other key players in the industry include Aisin Seiki Co. Ltd., Autoliv Nissin Brake Systems, Eaton Corporation Plc, Magneti Marelli S.p.A, Maxwell Technologies, Mazda Motor Corporation, Robert Bosch GmbH, Skeleton Technologies., Torotrak Plc, and ZF Friedrichshafen AG.
Rahul Gautam published Music Composing Software Market is Projected to Reach $242.1 million by 2023 in Submit Content 2019-06-19 22:11:10 -0700
Global music composing software market is expected to reach $242.1 million by 2023, according to P&S Intelligence.
Growing media and entertainment industry, and rising inclination towards music composing applications are the key factors driving the growth of the market.
Insights on Market Segments:
In terms of instrument simulation, the music composing software market is categorized into guitar, piano, full orchestra, drums and percussions, and pipe organ. Out of these, guitar simulation accounted for 42% revenue share in 2017, followed by piano and others. The largest share held by guitar simulation category is mainly attributed to the increasing number of guitarists, globally. Furthermore, the regional markets, such as North America and Europe are largely dominated by guitarists including acoustic guitarist, electric lead, and bass guitarists, which further support the market demand for guitar simulation software.
Based on operating system (OS), the music composing software market is categorized into MAC, Windows, iOS, Android, Linux, and Berkeley Software Distribution (BSD). Out of these, MAC OS is largely preferred by end users, predominantly due to large use of MAC OS based laptops and desktops by music schools, individuals, and studios. MAC OS accounted over 50% share in the global market, in 2017.
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Market is Projected to Witness the Fastest Growth in Asia-Pacific (APAC)
During the forecast period, the music composing software market is projected to witness the fastest growth in APAC, at a CAGR of 25.8%. This can be attributed to growing media and entertainment industry in the developing economies in the region, predominantly, in Australia, Japan, South Korea, China, and India; and rising number of live music concerts. Moreover, various music associations in the region, including Japanese Society of Rights of Authors, Composers, and Publishers (JSRACP); and Music Composer Association of India (MCAI) are taking initiatives to increase awareness about the different music composing software through conferences, live music concerts, and music summits.
Globally, the media and entertainment industry has been witnessing transformational growth in recent years. Factors such as multiple software platforms, digitization of instruments, multiple-devices such as laptops and mobile phones, along with technological advancements have remodeled the industry dynamics. This is a notable factor spurring the demand for music composition software in the global market. According to International Trade Administration, the U.S. Department of Commerce, the global media and entertainment market generated $1.9 trillion revenue in 2016.
Some of the key players operating in the music composing software market are MakeMusic Inc., Avis Technology Inc., Maestro Music Software, Lugert Verlag GmbH & Co. KG, Notation Software Germany GmbH, PreSonus Audio Electronics Inc., NoteWorthy Software Inc., Passport Music Software LLC, and Sion Software.
Rahul Gautam published Energy Management System Market Revenue, Trends, Opportunities and Future Prospects in Submit Content 2019-06-19 21:21:13 -0700
Energy management system market is expected to reach $113,476.9 million by 2023, according to P&S Intelligence.
Stringent government policies and regulations, favorable government support in the form of incentives, volatility of electricity prices, and rising adoption of EMS in building automation are the major factors driving market growth.
Insights on market segments
Based on offering, the service category is expected to continue holding the larger share in the energy management system market in the coming years, owing to the growing need for the proper implementation and integration of the equipment associated with EMS in commercial and residential buildings, globally. Increasing demand of building owners to exercise total control over the EMS and monitor the energy demand of their premises and rising awareness regarding energy management are the key factors driving the growth of the service category in the market.
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Globally, North America is expected to hold the largest share in the energy management system market during the forecast period. Rising energy costs and increasing initiatives by the government and various industrialists to reduce carbon footprint are expected to surge the demand for EMS solutions in the North American region. According to a study by Parks Associates, in 2017, about 35% of the U.S. home owners were willing to bundle HVAC maintenance services with their electricity services and approximately 25% were willing to bundle internet services with their electricity services, which, if implemented, would further support the adoption of the EMS in the region.
Fluctuations in electricity prices due to demand and supply dynamics are driving the energy management system market. Factors such as extreme weather conditions, economic development, and lack of energy supply are contributing to the rise in energy prices. Energy consumption is anticipated to increase by almost 55% in the next 25 years, with developing countries, such as India and China, to be the key markets.
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Companies in the energy management system market are adopting various growth strategies, including product launches, acquisitions, and collaborations, to expand their market share and consumer base. Some of the other key players operating in the global energy management system market are Emerson Electric Co., IBM Corporation, Eaton Corporation PLC, Cisco Systems Inc., ABB Ltd., and General Electric Company.
Rahul Gautam published Automotive Sensors Market Growth Factors, Key Players and Forecasts by 2024 in Submit Content 2019-06-19 05:14:45 -0700
The global automotive sensors market is anticipated to observe significant growth in the coming years on account of the increasing vehicle electrification, rising motor vehicle production, and growing implementation of stringent regulations with respect to vehicular emissions. In addition, the growing consumer concerns over vehicle safety and security are playing a major role in boosting the installation of sensors in automobiles.
The research scope of the report primarily includes temperature sensors, position sensors, pressure sensors, NOx sensors, oxygen sensors, speed sensors, image sensors, and inertial sensors. Among these, position sensors accounted for the largest share in the automotive sensors market during the historical period owing to the increased installation of these sensors for window and seat position sensing in economy cars. The increased production of economy cars in recent years has contributed significantly to the market growth of this category.
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Based on vehicle type, the automotive sensors market is classified into passenger car, light commercial vehicle (LCV), and heavy commercial vehicle (HCV). Passenger cars account for the largest share in the production of automobiles, globally. Supported by this factor, the category accounted for about 75% share in the market in 2017. Sensors when installed in passenger cars help improve the car performance in addition to contributing to safety enhancement and emission reduction. The growing demand for passenger cars with high safety levels has, thus, boosted the demand for automotive sensors, particularly in developing economies including India, China, and Brazil, where the market for automobiles is rapidly growing.
Geographically, Asia-Pacific (APAC) held the largest share in the automotive sensors market during the historical period. Increasing purchasing power of consumers, growing demand for more fuel-efficient vehicles, and rapid development in infrastructure are the key factors that have contributed to the market growth in the APAC region. Globally, China leads the automotive industry and is anticipated to continue dominating the automotive production in the coming years as well. Moreover, due to the heavy demand for passenger and commercial vehicles in the APAC region, numerous automotive players have started expanding their operations in the regional market.
For instance, the European Union Commission is planning to mandate the installation of the automatic emergency braking systems in all cars. Similarly, in the U.S., key automakers have been instructed to install the automatic braking system in all vehicles by 2022. As a result, the demand for automotive sensors is anticipated to significantly increase in the near future.
Some of the key players operating in the global automotive sensors market are Robert Bosch GmbH, Continental AG, Aptiv PLC, DENSO Corporation, Infineon Technologies AG, Sensata Technologies Inc., Allegro Microsystems LLC, Analog Devices Inc., CTS Corporation Inc., Autoliv Inc., NXP Semiconductors N.V., STMicroelectronics N.V., Panasonic Corporation, Micronas GmbH, and ZF Friedrichshafen AG.
Rahul Gautam published Process Automation and Instrumentation Market Outlook & Forecast 2024 in Submit Content 2019-06-19 04:15:15 -0700
The growing demand for automated processes and instruments from large enterprises along with rising adoption of internet of things (IoT) across various industries are some of the key factors driving the growth of process automation and instrumentation market. Process automation is a technology-enabled automation of complex and repetitive manual processes. By simplifying and streamlining organizational process, process automation and instrumentation optimizes collaboration between resources, increases productivity, provides transparency, reduces cost, and assures compliance.
Based on component, the process automation and instrumentation market has been segmented into hardware, software and services. The hardware category held the largest market share in terms of revenue in 2017, owing to its high deployment among large enterprises. The hardware category is further bifurcated into controllers, switches, human machine interface (HMI), remote telemetry unit (RTU) and input/output (I/O) cards. Among hardware, controllers are most commonly used, as they are deployed to control the processes based on commands received from the input device. The controllers growth is primarily buoyed by growing demand for energy efficiency, which is resulting in the rise of investments in the energy sector.
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On the basis of application, the process automation and instrumentation market has been segmented into chemicals & pharmaceuticals, manufacturing, metals & mining, water & wastewater, energy & utilities, food & beverages, oil & gas and others (including pulp & paper and hospitality). The oil & gas category was the largest adopter of process automation and instrumentation products and services, recorded in 2017. The growing demand for petroleum products such as petrol, diesel and natural gas has led to rise in exploration and extraction activities, as well as upgradation of existing oil and gas rigs. These are among the major factors pushing the demand for process automation and instrumentation in the global market.
The process automation and instrumentation market in Asia-Pacific is expected to register fastest growth during the forecast period. This is due to increasing investments in energy infrastructure, supported by swiftly growing economies such as India, China and South Korea. For instance, the government of India completed electrification of 95% of households in the country, as of October 2018, up from 86% a year ago. The ever-rising energy demand as well as government initiatives to thrive for improved power reliability and focus on home-grown industries are some key factors supporting the market growth.
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The global process automation and instrumentation market is consolidated with top four players namely, Siemens AG, Honeywell International Inc., Emerson Electric Company, and ABB Group, accounting for over 60% of the total global market share in 2017. The initial capital investment is very high, along with the requirement of high degree of expertise to enter the market. Danaher Corporation, OMRON Corporation, Mitsubishi Electric Corporation, Yokogawa Electric Corporation, Schneider Electric SE and Rockwell Automation Inc., are some of the other key players operating in the process automation and instrumentation market.
Rahul Gautam published AR and VR Market Trends & Technological advancements to Watch Out for Near Future 2023 in Submit Content 2019-06-19 01:58:19 -0700
Global augmented reality and virtual reality market is expected to reach $94.4 billion by 2023, increase in smartphone penetration, and advancement in internet connectivity and computer technology are the major factors driving the growth of the market.
On the basis of device type, the augmented reality and virtual reality market is categorized into AR devices and VR devices. Of the two, VR devices recorded larger share in the market, with a contribution of more than 60% in 2017. However, during the forecast period, the market for AR devices is expected to grow faster, witnessing a CAGR of 73.8%. The higher growth of this market is mainly attributed to the growing demand of the technologies from the tourism industry; for instance, the National Museum of Singapore uses AR devices to provide reality-enhanced tour of the museum, which has redefined the conventional museum experience for travelers.
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During the forecast period, the augmented reality and virtual reality market in APAC is expected to witness a CAGR of 69%. Increase in investment in commercial and defense activities is expected to drive market growth in the region. AR applications are being developed which will provide map overlays of prominent landmarks for improving geographic awareness and enabling rescue teams with better navigation into difficult terrains. Similarly, the healthcare industry in the region is expected to be one of the most promising users of VR technologies and devices because of surging usage of VR in surgical training, live streaming of surgeries, patient monitoring, pain management.
AR and VR technologies are reaching out to the masses through different devices and platforms. Increasing penetration of smartphones and tablet computers among the consumers is providing a stable platform for augmented reality and virtual reality products. Additionally, smartphones can also be used as input devices for controlling the VR environment, especially for the virtual reality gaming applications. Hence, the increasing penetration of smartphones and tablet computers is leading to the growth of the augmented reality and virtual reality market.
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Some of the key players in the augmented reality and virtual reality market are Samsung Electronics Corporation Limited, Qualcomm Technologies Inc., Intel Corporation, Microsoft Corporation, Himax Technologies Inc., Seiko Epson Corporation, Sony Corporation, Google LLC, PTC Inc., and Vuzix Corporation.
Rahul Gautam published Automotive E-Tailing Market Opportunities Explored in Submit Content 2019-06-14 02:26:47 -0700
As per the research, the global automotive E-Tailing market high is likely to grow from $26,064.0 million in 2016 to $59,485.0 million by 2023. The rapidly growing automotive industry especially in emerging economies of Asia-Pacific, Africa and Latin America is generating significant demand for automotive E-Tailing.
The automotive E-Tailing market offers a wide range of automotive components including infotainment systems, interior accessories, engine parts, tires-wheel, and electrical components. The E-Tailing market offers easy and hassle-free transactions as it includes various global and established players such as Alibaba, Amazon, AutoZone and eBay that is supporting positive growth in the market.
The tire and wheel segment held the largest share in the global automotive E-Tailing market in 2016. The major factors driving the growth of the E-Tailing market is growing adoption of online shopping for automotive components by the end-users along with the availability of wide range of product at discounted price.
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In 2016, Asia-Pacific dominated the global automotive E-Tailing market with over 44% share. The Asia-Pacific E-Tailing market is expected to grow at a CAGR of 13.7% supported by the largest market in China followed by India and Japan in during the forecast period. Such growth is likely to be driven by increase in GDP and rapid economic growth in developing countries such as India and China.
Some of the key players in the global automotive E-Tailing market include Advance Auto Parts, Alibaba Group Holding Limited, Amazon.com Inc., Delticom AG, O’Reilly Auto Parts, Flipkart and eBay.