Concerns for Driver Safety to Boost Vehicle Analytics Market

Appropriation of cutting edge vehicular advances, for instance, vehicle analytics has been on an ascent, attributable to the interest for comfort amid movement and better client encounter. Moreover, rising requirement for compelling transport benefit advancements that can handle activity and course mapping issues is boosting the selection of vehicle investigation. Because of this, the driving background has significantly improved, in this manner giving a sheltered and secure condition to the travelers in the autos. The overall market for vehicle analytics is predicted to witness a decent growth in the years to come.

With associated movement system frameworks offering advanced guides of the city, this application is relied upon to be received intensely. Vigorous route frameworks won't just be useful to drivers in recognizing the speediest course however will likewise help them to recognize the most fuel-productive course. Taxicab aggregators, for instance, Uber and Ola are relied upon to use a greater amount of this application.

Which geographical regions are expected to excel in this market?

The worldwide vehicle investigation market is relied upon to be driven by the Europe area. Europe is assessed to contribute a noteworthy offer all through the gauge time frame to the general vehicle investigation market with the U.K. also, Germany contributing most to the district's income. The district is relied upon to hold around 33% of the worldwide market's income in 2025. The nearness of significant industry players alongside high appropriation of auto investigation arrangements and propelled electric autos crosswise over numerous nations in the area is predicted to drive the market growth. Likewise, the nearness of important web and correspondence framework is additionally anticipated that would reinforce the market growth. Europe is additionally helped by the positive administrative condition and governments empowering the improvements in the field.

Asia-Pacific area is predicted to be among the swiftest growing regions for the auto investigation market. The area is likewise expected to develop as the second biggest market as far as market income. This growth is responsible from the nations, for instance, China, Japan and South Korea while South East Asian nations with their predominant correspondence foundation and expanding research and advancement exercises.

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What are the factors propelling the rise of the vehicle analytics market?

Numerous applications, for instance, programmed crash warning, remote cautioning and robbery following, roadside help, and attendant services make utilization of sensors and other RFID labels installed inside the auto to decide the general soundness of the auto. The need to screen and investigate the information produced from heaps of IoT sensors and remote associations with enhance wellbeing and security includes inside the auto is one of the main consideration adding to the significant growth of the application.

The market is additionally anticipated that would get noteworthy push from the expanding research and improvement exercises identifying with the innovation. Relocation towards cloud is likewise anticipated that would help the market's growth and open new entryways for advancement. Be that as it may, the market growth is predicted to be prevented by the worries over system scope and interoperability.

Water Purifier Market Banks on Swelling Density of World Population and Increasing Water Pollution

The global water purifier market is projected to see a continued progress in its growth for several years to come on account of the increasing purified water need of a burgeoning world population. High intensities of water pollution witnessed due to water bodies dumped with enormous quantities of garbage and industrial waste and high population density could create a whole lot of demand for water purifier in urban pockets. The severe dearth of fresh water in the Middle East and other parts of the world is anticipated to serve as a crucial factor augmenting the demand for water purifier in the near future.

The global water purifier market is foreseen by Transparency Market Research (TMR) to earn an around US$110.02 bn by the completion of 2025 while expanding at an 8.4% CAGR during the forecast tenure 2017-2025. In 2016, the market earned a US$53.36 bn.

New products developed in the global water purifier market could increase growth in the foreseeable future. The Infinitum Humanitarian Systems (IHS)/Roddenberry Foundation team has installed a water purifier called the Water Aid and Renewable Power (WARP) system for Puerto Ricans in Loíza. The purifier is a new version of the water purification system that the team has been setting up in disaster-stricken communities across the globe since 2013.

Which Types of Accessories could Attract Larger Demand?

The heavy dependence of some countries on salty sea water calls for desalination before use. This could bolster the demand for water purifier. Furthermore, the sales of water purifier are predicted to see a rise in future as the number of health-conscious consumers continues to increase.

Several types of water purifier accessories have been produced to better serve consumers – household filters, counter top filters, replacement filters, water dispensers, faucet mount, shower filters, under sink filters, and pitcher filters to name a few. Amongst these, replacement filters are foretold to account for a staggering share in the world water purifier market due to their affordable price. TMR anticipates the segment to grow at a CAGR of 9.5%. Nevertheless, owing to their lower cycle time and compact size, pitcher filters, counter top filters, and water dispensers are forecast to showcase a substantial growth in the coming years.

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What could Help Asia Pacific to Continue Lead until 2024?

As noted in most recent market research publications, Asia Pacific is expected to lead the international water purifier market from the front because of its massive population base. According to the latest statistics, the region accounts for a nearly 60.0% of the worldwide population. Depleting groundwater resources and rising water pollution could be among the primary factors encouraging growth in the region, apart from its increasing population. The reverse osmosis (RO) water purifier technology is envisaged to widely impact the regional market growth. Asia Pacific could register an 11.9% CAGR, as per the analysts at TMR.

On the other side of the world, strict government regulations related to water quality could be responsible for the rise in the demand for water purifier in developed regions such as North America. The rising amounts of mining and industrial wastes dumped into rivers and other water bodies are prognosticated to create an urgent need for sophisticated and comprehensive water treatments. Companies such as GE Appliances, Eureka Forbes Ltd., EcoWater Systems LLC, Aquatech International LLC, and A.O. Smith Corporation could make active contributions toward the growth of the international water purifier market.

Intelligent Virtual Assistant Market Achieves Growth as Large Enterprises Look to Improve Customer Care Strategies

The global intelligent virtual assistant market is foretold to be developed by the rise of social media playing a significant role. Intelligent virtual assistants could be largely banked upon for providing enhanced features on apps and websites after being encouraged by the escalating traffic on different social media platforms. The market could be favored by the colossal shift from analog to digital technologies. Government, healthcare, travel, insurance, and other several industries have been witnessing a growing adoption of intelligent virtual assistant due to the expanding demand for sophisticated and effective work ecosystems.

Top market research firm, Transparency Market Research (TMR) has envisaged the global intelligent virtual assistant market to rise at a CAGR of 32.8% during the forecast period 2016-2024. In 2015, the market was valued at a US$0.6 bn. However, by the end of 2024, it could attain a valuation of US$7.9 bn.

The seventh edition of the annual Best in Biz Awards honored Pega’s Intelligent Virtual Assistant with a bronze position for Best New Product of the Year. Pega has won the award in the Enterprise category for the second time in a row.

Will Speech Recognition Improve Demand?

The world intelligent virtual assistant market is foreseen to gain momentum owing to the rise of technologies such as text-to-speech and speech recognition. Amongst these, the demand for speech recognition could see a greater growth in the foreseeable future. In 2015, it held a massive share of 53.0% in the market. Researchers anticipate it to offer more promising opportunities in the coming years considering its expected CAGR of 33.3%. With an overpowering share of close to a 70.0%, the websites market for intelligent virtual assistant is projected to make a larger contribution in the near future. However, there could be opportunities in other applications as well, such as contact centers and messenger bots. Amongst these, the messenger bots market could rise at a higher CAGR.

On the basis of end user, the world intelligent virtual assistant market is prognosticated to be classified into individual users, small and medium enterprises, and large enterprises. Throughout the forecast tenure, large enterprises could account for a prominent position in the market in terms of growth. The rise of large enterprises market for intelligent virtual assistant could be attributed to increasing efforts directed toward the improvement of customer care strategies. However, small and medium enterprises could exhibit a notable CAGR in the near future.

How will U.S. Help North America to Lead?

The U.S. accommodating a widespread pool of multinational companies is envisioned to help North America to secure a strong position in the international intelligent virtual assistant market. In 2015, the region held a 40.0% share in the market. Multinational companies in the U.S. are researched to increasingly depend on intelligent virtual assistants to mitigate the snowballing demand for internet self-service, improve customer relationship management, and develop relations with clients. The banking, financial services, and insurance (BFSI) and healthcare industries are predicted to witness a rise in the adoption of intelligent virtual assistant.

With the EU7 at the vanguard of growth in the region, Europe could register a moderate CAGR during the course of the forecast period. Nevertheless, Asia Pacific could also display a strong CAGR growth due to swelling emphasis on customer relationship management.

Companies such as Nuance Communications Inc., eGain Communications Corp., and CodeBaby Corporation could make their presence felt in the worldwide intelligent virtual assistant market.

Increasing Data Volume in Marine Sector to Boost Global Marine Big Data Market

The global marine big data market is observing noticeable growth, thanks to the increasing amount of data and information collected by ships, aerial remote sensing, buoys, stations, and satellites. Of late, the data generated as well as collected by various devices is mounting at a remarkable rate across the world, which is boosting this market substantially. Over the period from 2017 to 2025, the global market is anticipated to rise at a CAGR of 21.50% and reach a value of US$3.24 bn by 2025 end.

This blog post tries to answer some of the important questions regarding the global marine big data market:

Which is the most prominent trend in the global marine big data market?

The high dimensional and periodical acquisition of data by a number of marine observation projects across the world, leading to massive volume of marine big data, is the most important trend that is influencing this market substantially. Various economies across the world have introduced a number of observation projects, such as NEPTUNE, Argo, and GOOS, and numerous marine observation satellites.

Since, several observing techniques and multiple marine observation systems are employed into the service, the volume of the data increases considerably, making the data format diversified, and, eventually, forms marine big data. However, only that marine data is of importance, which contains specific spatial and temporal information. The efficiency of marine big data solutions in separating this information is the main factor that is propelling this market, globally.

Which of the regional markets will surface as market leader?

On the basis of the regional presence, the worldwide marine big data market is spread across North America, the Middle East and Africa, Asia Pacific, Europe, and South America. The Asia Pacific market for marine big data is projected to establish itself as the market leader in the years to come, thanks to a significantly high cumulative average growth rate between 2017 and 2025. The increasing number of large shipping corporations in Japan, Singapore, South Korea, and China are projected to stimulate the Asia Pacific market for big marine data in the years to come. 

In which segment marine big data solutions find prominent application?

Renewable energy, marine protected area, fishery, oil and gas, whale watching, dredging, offshore construction, marine traffic, and harbor have surfaced as the prime application areas for marine big data solution. Owing to strong price competition, the oil and gas sector are providing abundant opportunity for marine big data solutions for application and are expected to continue to do so in the years to come.

How is the competitive landscape of the global marine big data market looks like?

The global market for marine big data is demonstrating a highly competitive and fragmented business landscape, thanks to the large pool of companies functional in this market. The prominent participants are focusing on offering customized as well as cost competitive solutions to customers in a bid to gain an edge over their rivals. Apart from this, they are also engaging in strategic partnerships frequently to strengthen their presence in various geographies.

Players Foray into Nascent Market for TD-LTE Ecosystem to Tap into Opportunities

Sensing an opportunity in the developing global market for TD-LTE ecosystem, many companies have forayed into the market. Some of the key players in the market are Nokia, Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., AT&T, Inc., Telefonaktiebolaget L. M. Ericsson, ZTE Corporation, Spreadtrum Communications Inc., Qualcomm Inc., MediaTek, Inc., and Broadcom Corporation.

By dint of being still in a nascent stage, the global market for TD-LTE ecosystem is predicted to rise at a phenomenal pace. By clocking a CAGR of 24.4% over the course of the forecast period from 2017 to 2025, the market which was valued at US$40.80 bn in 2016, will likely attain a value of US$264 bn by 2025. 

Proliferation of Smartphones Drive Market

A noticeable trend in the global market for TD-LTE ecosystem is the impressive number of TD-LTE network deployments that have taken place in the past couple of years. Examples include SoftBank in Japan, Bharti Airtel in India, and Sprint in the U.S. This is mainly because of the availability of spectrum and reduced cost of deployment. All these are serving to drive the market forward.

Pressing need for LTE because of the increasing penetration of smartphones, along with other internet enabled mobile devices, namely e-readers and e-readers is one of the key factors promoting the market for TD-LTE ecosystem. Apart from that, growing popularity of social media has led to a proliferation of mobile data traffic, creating high demand on the network of wireless operators. 

The promising market for global TD-LTE ecosystem, is however being challenged by complexity and backward compatibility. Operators mulling upon a network update, are needed to pick the right technology. They can do so by upgrading to an improved version of 3G such as HSPA or HSPA+ or they can simply adopt LTE. However, for upgrading within the 3G family, network architectural changes are not required. On the contrary, switching to LTE requires expansion of core network and new technology for radio access. The method is both expensive and complex.

In the near future, progress in wireless infrastructure will likely create new avenues for growth in the global market of TD-LTE ecosystem. 

Surging Sales of Smartphones Lead to Uptake of Macro Cells

The different types of equipment in the global TD-LTE ecosystem market are macro cells and small cells. Of them, the macro cells are seeing greater uptake and in the years ahead will likely see their demand intact due to the unabated surging sales of smartphones and other electronic devices worldwide.
Based on the type of product, the global market for TD-LTE ecosystem can be divided into notebooks, smartphones, routers, PCs, and tablets. Among them, notebooks are predicted to dominate the market vis-à-vis share in revenue since they find application for personal use, in corporate offices, retail, healthcare, etc. Their popularity on account of their portability and new innovations in the notebook market is in turn bolstering demand for TD-LTE ecosystem market. 

Technological Progress Makes North America Leading Market

From a geographical standpoint, North America is considered the most lucrative market for companies in the market for TD-LTE ecosystem and will likely remain so in the years ahead. Propelling the market in the region are technological progress and effective wireless infrastructure, particularly in the U.S. and Canada. Europe is another key market for TD-LTE ecosystem market because of the upgrading of the existing wireless infrastructure in nations of France, Germany, the U.K., and Italy. In terms of growth rate, however, Asia Pacific is expected to surpass all other regions on the back of fast-expanding large economies of China and India, where mobile network infrastructure has expanded by leaps and bounds in the last one decade. 

Extensive Adoption in Medical Sector to Result in Outstanding Growth of 3D Imaging Market

The demand for 3D imaging technologies has been on the rise on account of the growing applications from across vertical such as entertainment, manufacturing, health care, design, defense, and construction. In the future, it is expected that the application areas of 3D imaging will rise further and this is expected to boost the growth prospects of the global 3D imaging market. The market is also expected to witness a growth on account of the rapid development in recording and displaying technologies as well as digital capture technology. The day will not be far when 3D imaging becomes important in manufacturing and other industries. According to a recent research report published by Transparency Market Research (TMR), the global 3D imaging market is anticipated to exhibit an excellent CAGR of 26.8% from 2015 to 2021 and be worth US$17.99 bn by 2021. 

The following blog post answers three important questions based on global 3D imaging market:

Q. What are the important factors which are behind the tremendous growth of the global 3D imaging market?

The increasing incidences of heart diseases and other chronic diseases such as cancer across the globe has led to the rise in the total number of complex surgeries performed all over the world. High prevalence of diseases has also lead to a staggering rise in the number of diagnostic tests that are being held globally. This will majorly boost the global 3D imaging market. Another important factor that is expected to accelerate the growth of this market is the high demand for 3D imaging technology and solutions from automated industry applications. 

Q. Which application segment will be the highest revenue generator for 3D imaging market?

One of the key application areas of the 3D imaging technique and solutions is the medical field. The medical imaging industry has thus been revolutionized by the advent of 3D imaging techniques and this has resulted in the healthcare sector being the current most lucrative application segment for the 3D imaging market. The health sector is the highest revenue generator as of now for the global 3D imaging market and is expected to continue to be in a dominant position throughout 2021. 

Q. Which regional segment will offer lucrative opportunities of growth in the years to come?

North America has always been leading in terms of technological advancements and innovation. This will make the region one of the key markets for global 3D imaging. While Asia Pacific comparatively had lower contribution to the overall revenue of the market, this trend is expected to change very soon. Amazing receptiveness of 3D imaging technology and solution across various industries will drive growth of the Asia Pacific 3D imaging market. 3D imaging technology and solutions will also be adopted extensively in customer electronic products which are anticipated to bolster the growth of the market in Asia Pacific further. This region boasts of a thriving electronic and automotive sector and this spells good news for the 3D imaging market as this technology is being used extensively for automation of automobiles and consumer electronics.

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