Industry Technology Reports

The global connected retail market size is expected to reach USD 53.75 billion by 2022 according to a new report by Grand View Research, Inc. Increasing adoption of Internet of Things (IoT) across retail sector is expected to drive the connected retail market over the forecast period. IoT offers retailers opportunities in three important areas, the supply chain, customer experience, and new channels & revenue streams. Several retailers have successfully embraced IoT to help customers connect with the next-generation consumers, sophisticated technology, and leveraging connected devices.

Emerging retailing formats such as omni channel retailing are anticipated to fuel industry growth over the next seven years. Omni channel retailing offers a seamless and flexible shopping experience to customers by integrating and aligning channels. It creates opportunities for retailers to capture more sales and increase loyalty and brand awareness.

The widening presence of mobile devices and the expanded use of mobile networks such as e-commerce engines are expected to serve as facilitators for a unified online/offline retailing experience.

However, possibilities of unauthorized access to various IoT applications or breaking into the device connectivity system are expected to challenge the IoT connected devices industry.

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Further key findings from the study suggest:

The hardware     segment is expected to grow at a CAGR of over 19% over the forecast     period. The software segment is expected to witness highest growth over     the next seven years owing to increasing number of applications for retail     industry. Emerging app-driven hardware and embedded software into     connected devices and the capability to monetize such device features and     functions may contribute to industry growth. Hardware segment comprises     sensors, RFID and gateway components.

Bluetooth LE     is expected to witness substantial growth, with a CAGR of over 25% over     the forecast period due to significantly low power consumption. Bluetooth     Low Energy has a very low transmission frequency, which greatly improves     the power consumption. Wi-Fi technology dominated the market with the     revenue share of over 32% in 2014.

Managed     services segment is contributed to over 40% of the overall global revenue     shares in 2014. Implementing these services reduces the IT costs and     enables retailers to gain the technical advantage. Retailers are     increasingly outsourcing services to reduce risks and focus on its core     competencies.

Asia Pacific     regional market is expected to grow at a CAGR of nearly 25% over the     forecast period. Major manufacturers in the industry are based in China,     owing to cheap labor and higher production capacities. Further, China is     making heavy investments in IoT industry, which may contribute to market     growth.

Key industry     participants include Atmel Corporation, ARM Holdings PLC, Cisco Systems,     Inc., IBM, Google, Inc., Intel Corporation, NXP Semiconductors     N.V.,Microsoft Corporation, PTC, Inc., Softweb Solutions, Inc., SAP AG and     Zebra Technologies Corporation.

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The global laser processing market is expected to reach USD 23 billion by 2025, according to a new report by Grand View Research, Inc. The rising utilization of expensive laser-drilling technique for oil & gas exploration purposes is projected to substitute the traditional techniques. Decreasing drilling costs are anticipated to increase the feasibility of uneconomic oil deposits; thus, positively impacting market growth. The growing need for this type of processing, in industrial solar modules, is further expected to fuel the laser processing market growth.

The requirement for laser technology in the medical sector is projected to witness a significant growth, owing to the increasing technological advancements. These technical developments offer faster recovery time, smaller incisions, and lesser pain. The increasing adoption of these methodologies is expected to spur the demand for surgical lasers. Advancements, leading to enhanced edge quality & cutting speeds, are anticipated to offer higher avenues to the laser processing market.

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Further key findings from the report suggest:

Fiber lasers     are projected to exhibit a significant growth with a CAGR exceeding 10.0%     from 2016 to 2025, as they are widely used across several end-use     industries and are highly cost-effective, compared to the other products

The material     processing segment is expected to gain prominence over the forecast period     with an estimated CAGR exceeding 9%, which can be accredited to the     ability of lasers to perform high-speed & accurate industrial     processes

The Asia     Pacific region emerged as the fastest-growing region and is expected to     witness a CAGR of over 10%, owing to the rising number of OEMs in this     region

The key     purveyors of this industry are Trumpf, Han’s Laser Technology Industry     Group Co., Ltd., Amada Co., Ltd., and Rofin-Sinar Technologies, Inc.,     among others. Industry participants focus on technology advancements and     innovation to capture market share.

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The global CMOS image sensor market was valued at USD 7.21 billion in 2013 and is likely to be worth USD 10.17 billion by 2020. Increasing demand for handheld equipment such as tablets and smartphones has initiated the development of smart sensing approaches with remote diagnostic and monitoring capability. 

Global CMOS sensors market was 1,601.8 million units in 2013 and is anticipated to reach 2,643.4 million units, growing at a CAGR of 7.5% by from 2014 to 2020. The industry has observed tremendous growth over the past few years owing to the growth of its application industries, particularly medical and automotive. In addition, technological innovations leading to the evolution of refined sensing technology are expected to drive growth.

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Dexterity to manufacture smaller pixel devices and provide high resolution with cost effective approach is expected to be one of the primary factors driving growth. Rising demand for computation and communication equipment has led to a growing need to develop upgraded processes for better optical administration. The requirement for on-chip integration and focal plane processing are still on improvement phase. 

Consumer electronics was the largest application accounting for over 50% of the total market revenue in 2013. These sensors are widely used in numerous consumer electronic devices including entertainment devices, home appliances, communication products, and information technology. The CMOS image sensor market for consumer electronics is likely to grow at a CAGR of 3.3% from 2014 to 2020. 

With an increasing focus on research & development, sensing equipment’s have become smaller, cheaper, and more power-efficient, which serves as a gratifying opportunity for industry players. This is particularly beneficial to the healthcare industry as these products help in improving diagnostics and provide appropriate treatments that rely on this technology. Medical applications are anticipated to grow at a CAGR of 9.9% from 2014 to 2020. 

Multimedia-enabled equipment provides more benefits with more data safety over the internet. The application of sensing devices for indoor navigation, health monitoring, and related niche segments is anticipated to offer prominent growth opportunity for prosperity of this market. These gadgets are predominantly used in the U.S., however, the market is anticipated to witness significant gains in emerging economies such as China, India, and Brazil. 

North America CMOS sensor market exceeded 30% of the total revenue share in 2013. Focus on technological advancement coupled with high adoption rate of new technologies and gadgets have resulted in established of a large market in the region. However, the market has reached its maturity phase and is anticipated to grow at a CAGR of 4.1% from 2014 to 2020. 

Asia Pacific is expected to witness significant gains over the forecast period at a CAGR of 6.6% from 2014 to 2020. The market was valued at USD 2.37 billion in 2012. Availability of large number of semiconductor manufacturers in Asia Pacific, especially in Japan, China and Korea, is projected to bolster market growth in this region. Presence of cheap labor and establishment of production facilities by foreign organizations are anticipated to favorably affect industry growth in this region. Growing demand for latest gadgets owing to increase in disposable income of consumers is anticipated boost market growth to reach an estimated value of USD 3.95 billion by 2020. 

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The global smart TV market is expected to reach USD 292.55 billion by 2025, according to a new report by Grand View Research, Inc. The introduction of 4K resolution-equipped televisions, coupled with the shifting preference toward OLED and QLED displays, is expected to emerge as a major trend in the smart TV industry.

Streaming devices such as Apple TV, Amazon Fire TV, and Google Chromecast are changing the consumers’ viewing experience. Several manufacturers are teaming up with OTT content and device providers to provide built-in features with no further requirement of a set-top box. For instance, TCL Corporation has teamed up with Roku, Inc. and introduced a 4K HDR Roku TV. The China-based vendor is using the Roku platform for its television product line. Additionally, Hitachi, Ltd., Hisense Co. Ltd, and Sharp Corporation have also teamed up with Roku, Inc. to provide such features.

Key players have developed their proprietary operating systems or have partnered with open source providers in order to offer a plethora of apps to their customers. For instance, Google Inc.’s Android OS is widely used in televisions manufactured by Sony Corporation, LG Electronics, Inc., TCL Corporation, and Koninklijke Philips N.V.

Several regional players are focusing on expanding their presence globally to gain market share. The industry is witnessing intense rivalry among premium segment as players have exhibited keenness towards introducing and promoting Ultra High Definition (UHD) screens.

The growing popularity of smart homes has supplemented market growth as smart TVs help in enhancing the content viewing experience. As the home entertainment sector is paving its way in smart homes, the market is expected to witness increased demand over the next nine years. Large screen televisions are expected to capture substantial share fueled by rising consumer aspirations and affordable price points. Moreover, people are replacing their existing traditional televisions in the wake of availability of new high-tech and affordable solutions.

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Further key findings from the report suggest:

The 4K UHD     segment is expected to witness significant growth over the forecast     period. The plummeting prices of these TVs are attracting customers and     triggering the demand.

The 46- to     55-inch segment is expected to dominate the market over the forecast     period. The growth can be attributed to features such as high resolution     and high picture quality with Dolby Digital sound, which can be better     experienced on larger screen sizes.

Flat-screen     TVs dominated the market in 2016 and are expected to continue doing so due     to their relatively lower prices as compared to their curved-screen     counterparts.

The Asia     Pacific region is expected to dominate the overall smart TV market with an     expected CAGR of over 10% throughout the forecast period. The emergence of     new players in China is expected to contribute to the regional growth.

The key     players in the industry include Samsung Electronics Co. Ltd., LG     Electronics, Inc., Sony Corporation, Panasonic Corporation, and Videocon     Industries Limited.

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The global automotive emission test equipment market size is anticipated to reach USD 869.8 million by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 5.1% during the forecast period. The demand for automotive emission test systems is estimated to increase owing to stringent regulations associated with vehicle exhaust emissions and soaring need for regular periodic technical inspections (PTI) that are aimed at regulating gaseous emissions from exhaust vehicles. Rising concerns to limit adverse environmental effects caused by passenger and light-duty vehicles are also expected to drive the automotive emission test equipment market over the forecast period.

The emission test equipment segment held the largest share in the automotive emission test system market in 2018. It is likely to maintain its dominance in through 2025, on account of surging demand for testing equipment worldwide, especially from automobile manufacturers. Furthermore, the emission test services segment in the automotive emission test system market is a developed business sector across the U.S. and EU member nations. The growth of the segment can be attributed to increasing demand for service centers owing to emission targets mentioned by governments of EU countries.

Asia Pacific is poised to register the highest CAGR over the forecast period. The growth of the region can be attributed to surging adoption of emission norms and growing emphasis on ensuring that automobile manufacturers comply with the same, especially in developing countries such as China and India. These countries are focusing extensively on regulating, monitoring, and reducing greenhouse gas (GHG) emissions in order to cut down adverse effects on environment due to excessive GHG emissions by vehicle exhaust systems.

The adoption rate of periodic technical inspections, vehicle emission norms & standards, and inspection & maintenance programs is high in Europe and North America. European countries such as the U.K., Germany, France, Italy, Spain, the Netherlands, and Finland are already following vehicle emission stringent rules & regulations and have laid down strict standards & norms so as to regulate GHG emissions and other hazardous effects of pollutants emitted by vehicle exhaust systems. Therefore, Europe spearheaded the global vehicle emission test system market in 2018 owing to presence of several testing equipment manufacturers and emission testing service providers.

Key market participants in the global automotive emission test equipment market include HORIBA, Ltd., Opus Inspection, TÜV Nord Group, Gemco Equipment Ltd, and TEXA S.p.A.

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Further key findings from the report suggest:

The emission     test software segment is anticipated to register considerable growth over     the forecast period. The software is used to analyze and measure data     conducted through various test & inspection system

The demand     for opacity meters/smoke meters is estimated to increase over the coming     years, as these devices are used to measure optical properties of smoke     emitted by diesel engines

Europe was     the highest revenue-generating regional market in 2018 owing to domicile     of a large number of emission testing equipment manufacturers, software     developers, and related service providers

Some of the     key participants in the vehicle emission test system market are SGS SA,     Sierra Instruments, Inc., Gordon-Darby, Inc., Wager Company, and Applus+.

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The global electric transporters market size is projected to reach USD 66.98 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 8.4% during the forecast period. Rising fuel price has been spurring the growth of the market. In addition, growing inclination towards eco-friendly transportation has led to increased adoption of electric transporters. The vehicles are compact and lightweight in nature and are highly convenient for short distance commuting.

Electric scooters were the most prominent vehicle type in terms of revenue in 2017. These vehicles are compact, which provide ease of transportation in a heavy traffic situation. Moreover, electric scooters are available in various types such as portable hover boards, foldable scooters, and Segway’s model. Thus, customers get more options to choose an appropriate electric scooter depending on their preference. The segment is poised to expand at a CAGR of 9.7% over the forecast period. The market share of electric bikes is likely to decline over the forecast period owing to their high cost. Stringent government regulations for using e-skateboards in public places and on roads are also limiting the growth of the segment.

Sealed lead acid batteries were the most popular battery type for electric transporters in 2017, owing to their low cost and a higher range per charge. The growth of the NiMH batteries segment can be limited by increasing environmental concerns over Nickel and other harmful chemical leakages through these batteries while decomposing. Lithium-ion batteries are estimated to gain considerable market share by 2025 owing to growing technological innovations such as fast charging and surging use of polymers for better battery life.

In present time, the market is flooded with a variety of electric transporters. Increased adoption in China is proving to be a challenge for the government. Prominent cities in China, including Shanghai, Beijing, Shenzhen, and Guangzhou, have strictly banned the use of e-bikes as their riders tend to ignore traffic rules. Thus, creating awareness among users and developing a robust regulatory framework is essential for the market to grow substantially.

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Further key findings from the report suggest:

Electric     scooter is likely to be most promising vehicle type segment during the     forecast period

By voltage     type, the 48V segment accounted for over 36.0% share in 2017 and the     segment is anticipated to experience significant growth over the forecast     period

North     America is projected to register substantial growth over the coming years     owing to various technological developments and success of rental business     model, especially in the automotive industry. The regional market is     poised to exhibit a CAGR of 9.4% from 2018 to 2025

The key     players operating in the market include Allcell Technologies LLC, BMW     Motorrad International, BOXX Corp., and KIWANO.

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The global DC motor control devices market size is expected to reach USD 1.18 billion by 2025, exhibiting a CAGR of 6.2% from 2018 to 2025, according to a study conducted by Grand View Research, Inc. DC electric motors are being widely used in modern systems, whether in consumer electronics, or industrial, automotive, and transportation industries. Improved performance of these motors in such applications is a result of the underlying electronic controls that are able to rapidly execute sophisticated control algorithms. Thus, increasing demand for motors in such applications, coupled with improved motor performance, is anticipated to drive the market over the forecast period.

Sensor less motor control devices are generally used to reduce overall cost of actuating devices. However, with advancements in sensor control techniques, the market for DC motor control devices is anticipated to gain traction over the forecast period. Furthermore, recent market requirements, such as compatibility with IE3 motors, and changes in motor control systems in several application areas such as industrial, consumer electronics, and medical devices are expected to favor market growth over the coming years.

The market is expected to witness significant demand from the automotive industry owing to introduction of vehicle safety standards to control fuel emissions and increasing adoption of engine control units (ECUs) in modern automobiles. Additionally, growing R&D activities to improve energy efficiency of electric motors are anticipated to boost market growth. For instance, the U.S. Department of Energy invested a substantial amount in 13 R&D projects pertaining to technological advancements in electric motors. These advancements are expected to positively impact the efficiency and performance of motor devices when used in various end-use industries.

However, factors such as uncertainties in raw material prices, limited availability of components, and reduction in overall production of raw materials are contributing to increased product costs, thereby negatively impacting market growth. In order to overcome these challenges, major companies are undertaking several measures to maintain consistency in prices and availability of raw materials. These companies have been entering into long-term supplier contracts to mitigate risks associated with quality and quantity of materials.

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Further key findings from the study suggest:

North     America accounted for more than 25.0% of the overall market in 2018 and is     expected to witness steady growth over the forecast period owing to presence     of key market incumbents such as Eaton Corporation Plc and ABB offering     cost-effective solutions and quality products

The consumer     electronics segment accounted for a significant in 2018 and is anticipated     to grow at a substantial CAGR over the forecast period owing to increasing     demand for handled devices and home appliances in developing countries     such as India and China

Prominent     players in the DC motor control devices market include ABB, Eaton     Corporation Plc, General Electric, and OMRON Corporation. These companies     are extensively investing in research and development activities in order     to introduce compact products.

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The global volatile organic compound gas sensor market size is anticipated to reach USD 186.7 million by 2025, registering a CAGR of 4.0% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. The detection of volatile organic compound (VOC) gases in the air has received considerable attention and is becoming increasingly important in the development of leak detection devices. This factor is anticipated to drive the market growth.

A VOC gas sensor is an electronic device that detects the presence of gases such as benzene, methylene chloride, propane, acetone, and ethanol, among others in a particular area and is often integrated into a safety system. These sensors are integrated into leak detection devices and consume low power. Technological developments, such as enhancement of MEMS sensors and PID sensors for detection of VOC emission are expected to create growth opportunities for the market.

VOC sensors are widely used in air monitoring devices to observe emission levels owing to their unique properties such as high sensing performance, portability, and compact size among others. However, these sensors still exhibit limitations such as poor selectivity and lack high operating temperatures. Hence, to counter these challenges, companies are coming up with advanced MEMS sensors to overcome the limitations.

The infrared-based VOC gas sensor is anticipated to witness substantial growth as it enables the accurate measurement of a wide variety of VOC gases with benefits such as instantaneous results, ease of operation, and low cost. Moreover, increased adoption of VOC gas sensors can be attributed to the high need for safety in the oil and gas sector. This is anticipated to further create growth opportunities for the volatile organic compound gas sensors market.

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Further key findings from the report suggest:

Stringent     regulations such as the World Health Organization (WHO) Air Quality     Guidelines for Europe have specified the permissible levels of     formaldehyde, toluene, and tetrachloroethylene gases that are released in     the atmosphere as a result of industrial processes

Single gas     detection sensors are majorly used in automotive applications and are     widely used for the detection of VOC gases such as combustible gases,     acetone, butadiene, xylene, toluene, tetrachloroethylene, methylene     chloride, and benzene, among others

PID sensors     can detect concentrations of explosives and hydrocarbons below the Lower     Explosive Limit (LEL). Therefore, they are ideal for applications such as     monitoring and controlling of decontamination and leak detection in closed     rooms and confined spaces

The use of     VOC sensors is growing at a rapid pace for real-time tracking of reservoir     environment, monitoring of pipelines, monitoring of benzene leaks, and     remote monitoring of plant equipment

Key players     in the VOC gas sensors market include ABB Ltd., Siemens AG, Aeroqual     Limited., Alphasense, City Technology Ltd., Bosch Sensortec, and SGX     Sensortech among others

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The global data preparation tools market size is anticipated to reach USD 8.47 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 25.1% over the forecast period. Data preparation tools can help organizations augment their efficiency by ensuring easy access to data. Increasing demand for data analytics, particularly in IT and retail sectors, is expected to drive demand for data preparation tools.

The growth of the data preparation tools market can be attributed particularly to capabilities of self-service data preparation tools to ensure easy interchangeability, collaboration, and profiling of data. These tools can also address concerns associated with safety of the data. Demand for self-service data preparation tools will continue to increase as data analytics companies continue to demand efficient solutions to access and analyze large volumes of data.

On-premise deployment of data preparation tools accounted for the largest revenue share in 2016 as organizations prefer to adopt conventional data collection and preparation techniques. However, demand for deployment of data preparation tools over the cloud is expected to grow over the forecast period, as cloud deployment can ensure easy access to data via virtual sources.

Data preparation tools help enterprises collect, analyze, and standardize data. The data collection segment accounted for the largest market share of more than 28.0% in 2016. However, the data governance segment is expected to expand noticeably over the forecast period.

North America accounted for the largest share in the data preparation tools market in 2016. Demand for data preparation tools is expected to increase over the forecast period in line with growing adoption of data preparation tools for data analytics in U.S. However, Asia Pacific is expected to exhibit the highest CAGR over the forecast period.

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Further key findings from the report suggest:

Demand for     data preparation tools is expected to increase as various companies     jointly adopt data governance initiatives

The market     size of the IT and telecom segment is anticipated to expand at a CAGR of     26.8% over the forecast period

Asia Pacific     is expected to witness significant growth over the forecast period owing     to large-scale adoption of data preparation tools in retail analytics

Alteryx,     Inc.; Datawatch Corporation; Informatica Corporation; International     Business Machines Corporation; Microsoft Corporation; MicroStrategy     Incorporated; Qlik Technologies Inc.; SAP SE; SAS Institute Inc.; and     Tibco Software Inc. are some of the key players in the market for data     preparation tools.

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The global smart fitness devices market is expected to reach USD 29.4 billion by 2025, according to a new report by Grand View Research, Inc. The smart fitness devices market has witnessed a rising demand among the growing urban population in a bid to enhance their fitness goals. Advantages such as accessing fitness activities data in remote and real-time operations have resulted in an increased penetration of the market. Additionally, there are tremendous opportunities for advancements in the smart fitness devices owing to the increasing usage of smartphones and enhanced internet accessibility, which, in turn, would fuel the growth of smart fitness market. The growing adoption of the smart fitness devices to keep track of sleep, steps, calories, heart rate, and other bodily stats is anticipated to revolutionize the market by 2025.

The smart fitness devices market has been segmented based on product into the smartwatch, wristband, smart clothing, smart shoes, bike computers, and others. Based on types, the market has been segmented into head-wear, torso-wear, hand-wear, leg-wear, and bike mount. The hand-wear segment is the biggest segment in terms of size and is expected to dominate the market over the forecast period. This growth may be attributed to the high demand of wristbands and smartwatches. The torso-wear segment is anticipated to experience a notable shift in its growth owing to the rising demand for smart clothing.

The growing awareness and popularity of smart fitness products are encouraging producers to invest in research & development for creating better products. Manufacturers are making massive investments to develop several new products in order to enhance user experience. Researchers are focusing on developing cost-effective and reliable products.

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Further key findings from the report suggest:

The growing     demand for smart fitness devices market can be accredited to the increasing     demand among individuals for keeping track of various body parameters such     as heart rate, sleep, steps taken, calories burned, and others.

The growing     penetration of Internet of Things (IoT) and enhanced internet     accessibility, which helps to direct digital controls for improved     Machine-to-Machine (M2M) communication, have encouraged users to adopt     smart fitness devices.

The increase     in adoption of wireless technology, sensor technology, miniaturized     hardware, cloud services, and smartphone have enabled smart fitness market     to emerge as a new promising consumer segment.

The North     American region accounted for the largest market share in 2016, which may     be attributed to its large consumer base.

Key industry     participants include Apple Inc. (U.S.), Fitbit Inc. (U.S.), Garmin Ltd.     (Switzerland), Samsung Electronics Co., Ltd. (South Korea), and Xiaomi     Inc. (China).

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The global casino management system market size is expected to reach USD 11,726.7 million by 2025, according to a new study by Grand View Research, Inc., progressing at a CAGR of 14.8% during the forecast period. Growing demand for these establishments and increasing social acceptance are expected to emerge as crucial factors for driving the market. Increasing use of technologically advanced solutions and systems across the casino floor to boost operational efficiency will further drive growth in the casino management system market. 

North America emerged as the highest revenue generating segment in 2016 and is expected to grow at a CAGR of 13.5% from 2017 to 2025. However, it is estimated that Asia Pacific will witness significant growth and will grow with the fastest CAGR of 17.0% over the forecast period. The growth of the casino gaming industry, especially in Japan, China, and India, is expected to play a major role in propelling the over the forecast period. Governments across the region are gradually legalizing casino gaming, owing to the various social and economic benefits. A rising number of these establishments and evolving customer preferences towards casino-style gaming will boost the casino management system market over the next nine years.

It involves a multitude of monetary transactions which has resulted in an increase in the number of fraud and spoofing attacks. To safeguard against cheating, fraud and other crimes, operators are heavily investing in security & surveillance solutions to ensure a safe gaming environment across the casino floor. Hence, security & surveillance systems have become a vital component of a casino management system enabling casino operators to monitor and manage security threats in real time. Video analytics, license plate recognition, facial recognition and automated surveillance technologies are being implemented increasingly which is expected spur the casino management system market growth.

These systems incorporate analytic tools, management systems, player tracking, and other tools. The analytics segment is expected to grow with the fastest CAGR of 16.2% over the forecast period. These systems are expected to witness high penetration as casinos become more data driven and analytical tools can help gain a competitive edge. Analytical tools offer varying insights on customer behaviour, game preferences, spending patterns, and win/loss probabilities, among others. Such insights enable operators to deliver a personalized gaming experience, enhancing customer retention rate and streamline gaming operations. However, emerging online gaming platforms are expected to gain increased market penetration owing to the evolving customer preferences which is likely to hinder the market growth.

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Further key findings from the study suggest:

The security     & surveillance segment is expected to dominate the overall market, and     was valued at USD 757.6 million in 2016. Advancements in automated     security solutions is further expected to drive market growth in this     segment.

Analytics     segment is expected to witness significant growth at a CAGR of over 16%     from 2017 to 2025. Analytical tools are likely to witness increased     adoption over the forecast period owing to varying insights offered     enabling operators to remain profitable.

The player     tracking segment was valued at USD 512.6million in 2016. Operators are     incorporating digital technologies to deliver a more personalized gaming     experience and drive customer retention rate.

Asia Pacific     is expected to witness the highest growth rate over the forecast period.     Increased demand for these establishments coupled with changing consumer     preferences and rising disposable income will augment the market growth.

Global     players include International Game Technology (IGT), Micros Systems, Inc.,     Aristocrat Leisure Limited, Konami Corporation, Bally Technologies, and     Honeywell International, Inc., among others.

Key players     are adopting organic and inorganic growth strategies such as investments     in R&D, product innovation, and M&A activities to acquire larger     market share.

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The global explosive trace detection market size is expected to reach USD 2.36 billion by 2025, according to a study conducted by Grand View Research, Inc., registering a 10.5% CAGR during the forecast period. Rise in terrorist activities across the globe and increasing adoption of explosive trace detectors in public safety and law enforcement sectors have bolstered market growth. These devices enable users to experience enhanced security and detection capabilities.

Growing interest of explosive trace detector companies such as Chemring Group PLC in capturing a larger market share in regions such as Middle East is expected to drive adoption of explosive trace detectors. Additionally, increasing commercial activities are bolstering market growth in the region.

The Asia Pacific regional market is expected to witness considerable growth, owing to increasing need for public safety. Stringent government regulations pertaining to security screening is also bolstering market growth. Additionally, increased defense budgets in developing countries in the region is boosting the market.

However, high costs pertaining to development and maintenance of explosive trace detectors are expected to hinder market growth. Therefore, device providers are focusing on developing affordable solutions that can be used in other application sectors, such as utilities and transportation.

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Further key findings from the study suggest:

Handheld     explosive trace detectors offer visual and audio alerts. Therefore, the     segment is expected to exhibit the highest CAGR over the forecast period

Demand for     explosive trace detectors is expected to increase in the public safety and     law enforcement segment owing to benefits such as real-time 3D color     images offered by these detectors

Asia Pacific     is expected to emerge as the fastest-growing region over the forecast     period due to increased adoption of explosive trace detectors by the     transportation and logistics sector in the region

Prominent     industry participants include Chemring Group; FLIR Systems, Inc.; L3     Technologies, Inc.; OSI Systems, Inc.; and Smiths Detection Inc.

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The global digital marketing software market size is projected to reach USD 105.28 billion by 2025, according to a new study conducted by Grand View Research, Inc., rising at a CAGR of 15.2% during the forecast period. Digital marketing software can integrate multiple digital content delivery platforms so that organizations can plan, design, and execute marketing campaigns on their own.

The software can also be utilized by companies to perform an in-depth and real-time analysis of their marketing campaigns. Proliferation of the internet and surging use of social media is encouraging companies to increase their spending on digital marketing as well as on creating interactive and intuitive digital content, thereby fueling the adoption of digital marketing software.

Digital marketing software enables companies to target a larger audience and improve their customer interaction using multiple sources such as social networking sites, instant messaging systems, and mobile applications. Companies are also deploying the software for targeted advertising campaigns and connecting customers who share similar attributes, which includes location, income, buying patterns, and spending power. It also helps companies in effectively analyzing consumer behavior, buying patterns, and trends across various dimensions.

Market players are observed to focus on development of robust security measures and policies. The primary reason for rising concerns is increasing security threat to customer’s privacy and confidential data, which can potentially hinder the adoption of digital marketing software.

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Further key findings from the report suggest:

The services     segment is poised to expand at the highest CAGR of 15.8% over the forecast     period. The demand for various professional services and managed services     is likely to increase in line with growing adoption of digital marketing     solutions

The managed     services sub-segment is expected to experience noteworthy growth over the     forecast period, owing to additional features, such as remote monitoring     and cost-effective management of IT infrastructure through     subscription-based pricing models offered as part of managed services

Increasing     competition is impelling key industry players to undertake various     strategic initiatives, such as upgrading existing products, developing new     products, striking partnerships, and making acquisitions, in order to     strengthen their existing market position

Cloud     deployment model for digital marketing software is estimated to gain     traction over the forecast period due to cost-effectiveness and increased     accessibility

Stringent     government regulations, such as GDPR in Europe, are anticipated to have a     significant impact on the adoption of digital marketing software in the     region

North     America is projected to dominate the market throughout the forecast     period, reaching a value of USD 46.45 billion by 2025

Burgeoning     popularity of digital media, particularly in developing economies, such as     India and China, offers tremendous growth potential for digital     advertising in APAC. Companies in China are increasing focus on e-commerce     and m-commerce as an important component of their overall sales strategy

Key players     operating in the global digital marketing software market include Adobe     Systems Incorporated; Oracle Corporation; IBM Corporation; SAP AG;     Microsoft Corporation; Marketo, Inc.; Salesforce.com, Inc.; SAS Institute,     Inc.; Hewlett-Packard Enterprise; and Hubspot, Inc.

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The global chatbot market is expected to reach USD 1.25 billion by 2025, growing at a CAGR of 24.3%, according to a new report by Grand View Research, Inc. The chatbot industry is expected to witness significant growth over the forecast period as they enable enterprises to substantially reduce operating costs. Additionally, innovations in artificial intelligence and machine learning technologies are likely to enhance the features of chatbots, which acts as a major driver for the market.

A significant rise has been observed in the number of users of messaging services, which is expected to surpass the number of users of social networking sites. Additionally, there has been a significant development in the NLP field, which has resulted in streamlined interactions between computers and human languages. The entire chatbot ecosystem comprises various cross-linking features, which facilitates enhanced performance of chatbots in all application. Most companies prefer in-built chatbots on their websites as they facilitate enterprises in providing instant customer interaction. For instance, Slack and Twitter messaging platforms are preferred by majority businesses.

North America is expected to emerge as the major region for the chatbot market over the forecast period. The growth in this region is mainly attributed to the increasing deployment of chatbots in various business verticals. Technologies such as artificial intelligence, IoT, and APIs, among others, are evolving at a rapid speed. Chatbots are integrated with these technologies to offer enhanced operations, thereby driving market demand. Artificial intelligence and audio speech-based chatbots are expected to account for the largest market share in future. Additionally, speech recognition has improved drastically, especially in terms of native languages, which is expected to result in enhanced performance of chatbots in various applications.

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Further key findings from the report suggest:

Chatbots     find various applications in e-commerce, healthcare, and BFSI sectors.     Large enterprise emerged as the largest end-user segment in 2016 and is     estimated to register a CAGR of 24.2% over the forecast period.

The bots for     marketing segment is expected to witness the largest growth over the     forecast period as these chatbots can connect the customers directly to     service providers.

The     standalone segment is estimated to grow at a CAGR of 24.8% over the     forecast period.

The Asia     Pacific market is projected to witness substantial growth over the next     decade owing to various technological developments across major economies.     The regional market is expected to grow at a CAGR of 24.7 % from 2017 to     2025.

Key     participants in the chatbot industry include Baidu, Poncho, Kik, WeChat,     Varo Money Inc., Babylon Health, ReplyYes, and SRI International. Chatbots     have found wide applications in large enterprises as they enable better     understanding of consumer behavior with the help of machine learning.

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The global electric vehicle (EV) infotainment market is expected to reach USD 225.0 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand for in-car infotainment systems has been a major factor driving market growth. In addition, increasing adoption of small and medium sized EV has led to the increased utilization of infotainment systems. 

EV multimedia systems accounted for maximum revenue generation in 2016. Also, there is an increased demand for EV infotainment with heads-up and rear seat entertainment. Increasing demand for head-up and rear seat entertainment in electric vehicles is anticipated to drive the overall market. High installation and maintenance cost for the rear seat entertainment system has led to slower market adoption, however, these systems are projected to witness a high growth over the next eight years.

Heads-up display is fastest growing technology, mainly due to advantages such real-time projection of data on wind shield, reduced driver distraction and low cost. The multimedia system market is projected to decline over the forecast period. This can be attributed to increasing penetration of smartphones. Driver information and communication system market is anticipated to grow at moderate rate over the forecast period, the market accounted for more than 20% market share in 2016.

EV infotainment with wireless connectivity accounted for over 38% market share in 2016, largely driven by its wide scope of application in passenger electric vehicle. The demand for EV infotainment systems with cellular connectivity is anticipated to grow at a CAGR of 69.7% from 2017 to 2025. The EV infotainment system with wired connectivity category will witness a slow growth over forecast period mainly due to changing preference of customers from wired to wireless connectivity.

The infotainment system market for passenger EV is expected to slow down owing to increasing demand for heavy duty commercial EV. Commercial EV infotainment is anticipated to grow at fastest growth rate of over 71.0% by 2025.

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Further key findings from the report suggest:

The global     EV infotainment demand exceeded USD 2.4 Billion in 2016 and is expected to     grow at a CAGR of 69.0% from 2017 to 2025

Rear seat     entertainment and heads up display system emerged as most prominent     systems for EV infotainment in 2016 and are anticipated to grow     exponentially over the forecast period.

The Latin     America region is projected to witness substantial growth over the next     decade owing to various technological developments, especially in the     automotive industry. The regional market is expected to grow at a CAGR of     77.8% from 2017 to 2025.

The key     players in the EV infotainment market include Continental AG, Aisin Seiki     Co., Ltd., Panasonic Corporation and Harman International Industries Inc.

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The global control valves market size is expected to reach USD 11.85 billion by 2025, according to a study conducted by Grand View Research, Inc., rising at a CAGR of 6.50% during the forecast period. Surging demand from industrial sectors such as energy & power, water & wastewater treatment, and oil & gas industry and growing adoption of industrial automation propelling the smart control valves market are fueling the demand for control valves. Additionally, rising demand for control valves in the pharmaceutical and food & beverages industries is expected to drive the market.

Increasing adoption of control valves is rising continuously owing to the benefits they offer in controlling temperature and pressure throughout the downstream, midstream, and upstream activities. Therefore, growing oil & gas exploration activities are triggering the demand for control valves.

Control valves offer various benefits of installing modernized and sophisticated fluid handling systems. In the pharmaceutical industry, there is a rising demand for fluid handling systems, owing to safety procedures in order to manufacture a hygienic and safe product. These sophisticated fluid handling mechanisms are helpful in speeding up manufacturing process, thus ensuring optimal performance. Moreover, the food & beverages industry utilizes control valves to speed up manufacturing process and ensure hygiene of end products such as packaged food.

Surging demand for packaged food is augmenting the control valves market growth. This is due to application of flow control devices with suitable control valve design and technology for improved quality of end product.

Asia Pacific is expected to dominate the market owing to increasing demand from the energy & power and water & waste water industries. These industries are investing heavily to automate their flow control processes, so as to increase up the production efficiency and simultaneously reduce error ratio. Furthermore, expanding production of oil sands and shale gas in North America and rising oil & gas exploration activities in regions such as Middle East and Africa, and Asia Pacific are accelerating the demand for control valves over the forecast period.

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Further key findings from the study suggest:

The actuator     segment is expected to dominate the control valves market throughout the     forecast period owing to significant cost as compared to valve body and     other components

The market     for control valves with size ranging from 1” to 6” is expected to dominate     throughout the forecast period owing to its wide demand across the food     & beverages, pharmaceutical, energy & power, and chemical     industries.

Asia Pacific     is expected to be the most prominent region over the forecast period owing     to increasing demand from industries such as oil & gas, water &     wastewater, and energy & power in emerging economies such as China and     India.

Prominent     industry participants include Emerson Electric Co., Flowserve Corporation,     IMI plc, Schlumberger Limited, and AVK Holding A/S.

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The global electronic contract manufacturing and design services market size is expected to reach USD 658.0 billion by 2025, according to a new study by Grand View Research, Inc., registering a CAGR of 7.9% over the forecast period. The electronics industry is highly competitive in nature owing to increasing complexity of electronic products and rising pressure on OEMs for reducing costs. Moreover, decreased product lifecycles have upped demand for better manufacturing capabilities and related services. To achieve the same, OEMs are seeking support from contract manufacturers, in turn, driving the market over the forecast period.

OEMs subcontract with electronics manufacturing service (EMS) companies and benefit from their expertise in design, manufacturing, and supply chain management. Furthermore, reduced initial investments and increased operational efficiencies allow OEMs to focus on their core competencies. This has led to surging demand for electronic contract manufacturing and design services by OEMs. Moreover, establishment of in-house manufacturing units is a key challenge faced by majority of OEMs. Thus outsourcing is a preferred option to keep pace with increasing competition.

The market is projected to witness significant growth due to rising demand from end-use industries, including healthcare, aerospace and defense, IT and Telecom, and automotive. The healthcare industry is expected to witness substantial growth owing to increasing demand for medical devices. Surging need for optimizing resources and technological developments in manufacturing facilities have led to increased adoption of EMS among end-use industries.

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Further key findings from the study suggest:

The     electronic contract manufacturing and design services market is expected     to exhibit a CAGR of 7.9% from 2019 to 2025 owing to rising need for     resource optimization and growing developments in manufacturing technology

On the basis     of service, the electronic manufacturing segment accounted for the largest     market share in 2018. However, electronic design and engineering services     are projected to witness high growth over the forecast period owing to     surging inclination of OEMs toward outsourcing of manufacturing and     designing services

On the basis     of end use, the IT and telecom sector held the dominant revenue share in     2018. However, non-technical sectors such as healthcare, automotive, and     aerospace and defense are expected to witness noteworthy growth over the     forecast period owing to rising outsourcing trends in these industries

Asia Pacific     accounted for over 40% share of the overall revenue in 2018 and is     expected to dominate the market over the forecast period owing to high     availability of raw materials and low-cost labor in the region

Hon Hai     Precision Industry Co., Ltd.; Flextronics International, Ltd.; Jabil     Circuit, Inc.; Sanmina Corporation; and Benchmark Electronics, Inc. are     some of the key market players that captured a significant share in 2018.

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