Market for Surface Vision and Inspection to Reflect Steadfast Expansion During 2012 – 2022

The global surface vision and inspection market size is expected to reach USD 16.39 billion by 2022 according to a new report by Grand View Research, Inc. Surge in demand for vision and inspection systems across manufacturing industries is expected to drive demand over the forecast period. Advances in manufacturing activities have led to mass production in order to reduce overall operational cost. However, it increases the probability of errors and defects, thereby making machine vision (MV) systems essential for high product quality.

Surface vision and inspection systems help in waste reduction, increase in production efficiency, and minimizes production cost. Moreover, these systems provide instant quantitative feedback such as quantity and type of defects. Further, continuous advances in the technology has led to improved systems, which exhibit high accuracy and reduced application development time.

Owing to stringent regulations to improve food & drug safety and to fight counterfeiting, several food and pharmaceutical manufacturers are increasingly focusing on traceability. Inspection systems deliver value in being able to prevent parallel trade through unauthorized channels, stop counterfeiting and achieve greater visibility.

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Further key findings from the study suggest:

• The camera components used for inspection are expected to grow at a CAGR of over 9.0% over the forecast period. Cameras are becoming lighter, smaller and less expensive, which is expected to drive the demand over the future. Moreover, images produced more accurate and sharper. Further, demand for smart cameras is increasing across small and medium size manufacturers as they can easily be integrated with existing manufacturing infrastructure.
• Automotive application segment is expected to witness significant growth exceeding over USD 5.0 billion by 2022, with a CAGR of over 10% over the forecast period. Increasing complexities in automobiles brings the possibility for greater production errors. To achieve high quality and minimize defects, manufacturers are increasingly relying on error detection systems, which are expected to drive the industry growth over the next seven years.
• Medical segment accounted for over 15% of overall revenue share in 2014, which is expected to witness substantial growth over the forecast period. In order to maximize yields, improve the flexibility of lot manufacturing and increase throughput, pharmaceutical producers are increasingly adopting vision systems.
• Asia Pacific surface vision and inspection market is expected to grow at a CAGR of over 14% over the forecast period. Major manufacturers in the industry are based in China, owing to cheap labor and higher production capacities. Further, growing industrial base and increasing manufacturing facilities of China and India may contribute to the regional growth.
• Key industry participants include Adept Technology, Inc., Cognex Corporation, Baumer Inspection, Edmund Optics Inc, ISRA Vision AG, ETS SuperVision BV, Matrox Imaging, Industrial Vision Systems Ltd., Microscan Systems, Inc., Panasonic Corporation, Omron Corporation, Teledyne DALSA Inc., Perceptron Inc. and Vitronic GmbH.

Grand View Research has segmented the global surface vision and inspection market on the basis of component, application and region:

Surface Vision And Inspection Component Outlook (Revenue, USD Million, 2012 - 2022)

• Camera
• Optics
• Lighting Equipment
• Frame Grabber
• Hardware & Software

Surface Vision And Inspection Application Outlook (Revenue, USD Million, 2012 - 2022)

• Automotive
• Electronics & Electrical
• Medical
• Food & Beverages
• Logistics & Postal Sorting
• Others

Surface Vision And Inspection Regional Outlook (Revenue, USD Million, 2012 - 2022)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK
• Asia Pacific
  • China
  • India
  • Japan
  • Korea
• Latin America
  • Brazil
• MEA

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Quantum Dot Display Market Revenue Sales to Reach USD 3.96 Billion by 2022

The global quantum dot display market size is expected to reach USD 3.96 billion by 2022 according to a new report by Grand View Research, Inc.

Increasing awareness regarding energy-efficient displays is expected to boost global quantum dot display market growth. Surge in demand for advanced QLED powered TVs has propelled industry growth.

Advancements in quantum dot (QD) technology have made them useful for television manufacturers giving them a competitive edge in the industry. Creating better color with color tuning features has become a key selling point for display manufacturers. Moreover, adoption of QDs is expected to increase in smaller displays such as in smartphones and tablet devices owing to its capabilities in creating sharp crisp displays.

Cadmium-containing semiconductor-based QDs exhibit superior performance as compared to their cadmium-free counterparts. However, the toxic nature of such heavy metals has raised environmental concerns. Regulations in EU and Japan restrict the use of cadmium, compelling vendors to focus on the development of Cadmium Free Quantum Dots (CFQD). Manufacturers offering high-performance cadmium-free QDs in adequate volumes are expected to gain competitive advantage in the market moving forward.

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Further key findings from the report suggest:

• QD based LEDs or QLEDs segment dominated the global quantum dot display industry accounting for over 45% of the market share in 2014. QD LED technology enables OEMs to manufacture UHD TVs with enhanced color gamut as compared to OLED UHD TVs, at reduced costs and improved energy-efficiency. In 2014, Samsung progressed from conventional UHD OLED TVs to QD-based LED 4K TVs to evade high development costs. Competitor TV companies such as Panasonic, LG,and Sharp have started developing UHD TVs incorporating QD technology, thereby driving the industry’s growth prospects.
• QDs are made up of binary compounds such as cadmium selenide, cadmium sulfide, cadmium telluride, and indium arsenide. However, toxicity of cadmium and global environmental regulations like the Restriction of Hazardous Substances (RoHS) Directive and the Toxic Substances Control Act have limited the amount of heavy metals such as cadmium, lead, and mercury that can be used in consumer electronic devices resulting in increased production of CFQD technology, and opened the doors for OEMs to use QDs in a variety of consumer electronic display devices.
• Consumer electronics segment dominates the QD display market accounting for over 70% of the revenue share owing to increasing use of this technology in TVs and mobile devices. In healthcare, such display technology is extensively used in activities such as cancer diagnosis, DNA labeling, cellular labeling, and biological imaging.
• North America dominated the global quantum dot display industry acquiring over 40% of the overall global revenue share in 2014. Key QD manufacturers in the industry are based in the U.S. owing to extensive R&D spending over advanced QD display technologies and high production capacities.
• Key industry participants include Dow Chemical, Nanoco Group, Nanosys, and Quantum Material Corporation. In addition to these, consumer electronic giants such as LG and Samsung are making joint efforts to develop and encourage the use of CFQD, with the latter already incorporating such advanced technology in its SUHD TV models.

Grand View Research has segmented the global quantum dot display market on the basis of component, material, application, and region:

Quantum Dot Display Component Outlook (Revenue, USD Million, 2012 - 2022)

• Tube
• Film
• LED 

Quantum Dot Display Material Outlook (Revenue, USD Million, 2012 - 2022)

• Cadmium-containing
• Cadmium-free 

Quantum Dot Display Application Outlook (Revenue, USD Million, 2012 - 2022)

• Consumer Electronics
• Healthcare 

Quantum Dot Display Regional Outlook (Revenue, USD Million, 2012 - 2022)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Data Center Networking Market Expected to Witness a Sustainable Growth over 2025

The global data center networking market size is projected to reach USD 40,905.7 million by 2025, registering a CAGR of 11.0% from 2019 to 2025, according to a new report by Grand View Research, Inc. The growing volumes of unstructured data across various industry verticals are expected to drive the demand for data center networking solutions. The proliferation of cloud computing and the emergence of advanced data center operating models are also expected to drive the market growth over the forecast period.

Data center networking helps organizations in organizing and consolidating information at a single platform before it is exposed to cross-channel systems and processes. It also enables organizations to connect effectively with their customers operating in diverse industry verticals. Optimum performance, improved integration of servers, and reduction in operational cost are some of the major benefits that are driving the popularity of data center networking solutions.

Organizations are emphasizing on having a state-of-the-art infrastructure for resolving the concerns and fulfilling the expectations of their customers efficiently. The integrated information is stored, analyzed, and managed on shared platforms using different networking solutions, thereby enabling service providers to modernize their business models and augment their revenues. As such, the growing need for channelizing information to optimize the day-to-day networking operations is expected to drive the demand for data center networking solutions over the forecast period.

The market is also expected to grow in line with the growing preference for cloud-based storage platforms, the increasing need for protecting cyberattacks, and the rising demand for real-time analytics. Data center networking guarantees on-demand access to information and allows businesses to focus on augmenting the sales of their products. Data center networking can also be considered as an efficient mode of disaster recovery as it offers access to clone databases and operational restore & recovery functions.

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Further key findings from the study suggest:

• Continued digitalization and growing adoption of cloud computing, particularly in Asia Pacific and Europe, are expected to drive the market growth over the forecast period
• The storage area network (SAN) segment accounted for the largest market share in 2018 and is expected to witness significant growth over the forecast period owing to the rising adoption of different combinations of computation mechanisms
• The BFSI segment is expected to register the highest CAGR over the forecast period as industry verticals, such as BFSI and IT & Telecom, are particularly focusing on adopting incremental networking technologies to maintain their critical infrastructure assets
• Asia Pacific is estimated to witness the highest CAGR of over 14% over the forecast period. Aggressive adoption of data center infrastructure in South Asia is expected to drive the growth of the regional market
• Key data center networking market players include Alcatel-Lucent S.A.; Cisco Systems Inc.; Dell Inc.; Equinix Inc.; HP Development Company, L.P.; Hitachi Data Systems Corporation; IBM Corporation; and Vmware, Inc.; among others
• Market players are pursuing various strategies, such as mergers & acquisitions and product portfolio expansion, for gaining a competitive advantage over their rivals.

Grand View Research has segmented the data center networking market based on product, end use, and region:

Data Center Networking Product Outlook (Revenue, USD Million, 2015 - 2025)

• Ethernet Switches
• Routers
• Storage Area Network (SAN)
• Application Delivery Controllers (ADC)
• Network Security Equipment
• WAN Optimization Equipment
• Others

Data Center Networking End Use Outlook (Revenue, USD Million, 2015 - 2025)

• BFSI
• IT & Telecom
• Healthcare
• Retail
• Education
• Government
• Media & Entertainment
• Manufacturing
• Others

Data Center Networking Region Outlook (Revenue, USD Million, 2015 - 2025)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Incontinence And Ostomy Care Products Market Top Players ,Analysis And Forecast Till 2020

Recent Market Developments

In May 2017, B. B. Braun Medical Inc., which offers a line of ostomy products to patients and healthcare facilities, introduced the Flow Collector™ as part of the B. Braun High Output System at the 49^th annual Wound, Ostomy and Continence Nurses (WOCN) Conference. With a 2-liter collection bag and 5-foot-long discreet white tube (cuttable every 12 inches to adjust length), the Flow Collector is designed for high capacity body waste. The large capacity bag is designed to give patients more autonomy since it does not have to be emptied as often as smaller bags. These innovations help the industry stay its ground in the market.

In Mary 2018, Stimatix GI Ltd., a leading developer of low-profile innovative solutions for colostomy management, disclosed that B. Braun Medical SAS as the acquirer of its assets. Under the agreement, B. Braun acquired Stimatix GI's assets and agreed to sell Stimatix GI's ostomy products worldwide. The acquisition transaction included a cash payment at closing, milestone payments, and royalties from future sales of Stimatix GI's products. This collaboration has been beneficial for both the companies and is expected to keep the demand up in the recent years to come.

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In July 2019, Coloplast presented two new members of the SenSura® Mio family, SenSura® Mio Baby and SenSura® Mio Kids. The new products are designed specifically for premature babies and kids. The SenSura® Mio Baby products aim to provide longer wear time, as especially premature babies have sensitive skin, which needs as much peace and quiet as possible. The new products include a best practice guideline developed by pe diatric stoma care nurses with solid experience with babies and kids living with a stoma. This developments pushes the demand for ostomy care products in the market.

In October 2018, Enka Hijyen, a member of Imam Kayalı Holding that has been producing disposable baby diapers since early 2016, started  supplying adult diapers under the Paddlers brand. Paddlers are suitable for users with sensitive skin, and the diapers feature a textile backsheet, super absorbent particles, extra dryness layer and four strong side tapes. These benefits makes it a highly  sought-after product.

In May 2017, ConvaTec Group Plc, a leading global medical technology company, announced the U.S. launch of Sensi-Care Skin Protectant Incontinence Wipes, providing customers with an advanced solution to help protect patients with skin at risk of breakdown due to incontinence. The launch expands the company’s presence in a growing segment of the $500 million wipes market, and adds to its portfolio that helps protect the skin, which includes Aloe Vesta and Sensi-Care cleansers, moisturizers, and moisture barriers, and supporting products such as AQUACEL Foam Pro dressings and Flexi-Seal Signal Fecal Management Systems.

In 2019, 180 Medical, a leading nationwide supplier of intermittent catheters and ostomy supplies, announced that they now offer incontinence products. This new expansion of their supply line allows them to extend their highly reviewed customer service and top-quality incontinence supplies for patients living with urinary incontinence, fecal incontinence, and other medical conditions that may cause neurogenic bladder and/or neurogenic bowel. Also, this new expansion provide 180 medical an opportunity to make it big in the new market, providing a mmassive boost to the market as well with fresh line of investments.

In 2019, Hollister Incorporated, a US-based company that develops, manufactures, and markets healthcare products and services worldwide, launched the Infyna Chic intermittent catheter, the latest in the company's line of female hydrophilic catheter products. The Infyna Chic catheter joined the Infyna Standard and Plus catheters to complete the Infyna portfolio, offering women a range of options to meet their individual needs. This new addition boosted the demand in the female incontinence care products area, providing healthcare touch to make their life easier.

In May 2019, Poise® Brand Launches New Bladder Leakage Line Empowering Women to Stay Active Without Interruption. The latest addition to Poise brand's already robust selection of incontinence pads and liners aligns with their mission to help the millions of women affected by Stress Urinary Incontinence (SUI) find the best solution for their lifestyle, keep doing the things they love and stay amazing without worrying about bladder leaks.

Pico Projector Market to Undertake Strapping Growth By 2022

Recent Developments

COVID-19 pandemic has caused major supply chain disruption for the electronics market as the manufacturing units were largely sourced from China, source of pandemic. Also, due to lockdown situations over many countries the manufacturing companies have been lockdown due to shortage of laborers as well. These conditions has caused the slowdown in growth of electronics market and only after lifting of lockdown things are going to take a turn for better.

In September 2019, ColorChip, a global leader in photonic integrated technologies, introduced a highly innovative, ultra-compact, efficient RGB Pico-Projector based on a patented PLC SystemOnGlass (SOG) platform, advancing the core-technology eco-system required for Tethered and Standalone AR/VR SmartGlasses, where stringent demands on power efficiency and compactness are paramount. It is going to be an extra-ordinary support to the tech-savvy world highly dominated by AR and VR. Development of these technologies is going to boost the demand for this projector.

In August 2019, AAXA Technologies announced the release of S2 Pico Projector. The S2 Pico projector features a massive 6-hour 15000mAh battery*, improved onboard speakers, and Direct Smartphone Mirroring through its USBC (compatible) port. The AAXA S2 Mini HD Projector is a high performance solid-state mini projector that delivers true native 720P (1280x720) performance and is able to deliver up to 6 hours of projection playback anytime, anywhere. With improved specs and great battery, this projector took to the market like a fish to water. It generated great demands and is looking forward to generating it more in the coming years.

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In September 2019, Taiwanese multinational hardware firm Acer unveiled a portable LED projector at consumer technology tradeshow IFA Berlin. Claimed to feature the world's first auto-portrait mode to provide users with an effortless way to share smartphone content anytime, anywhere, the C250i has a unique twisted design, making it stand-free and adding support for multi-angle orientation. Multiple benefits and cutting edge technological innovations boost its demand in the market all over.

In June 2017, MicroVision Collaborates with Ragentek on VOGA V Smartphone with Embedded Pico Projector. Ragentek, a Chinese-based smartphone manufacturer and solution company with top selling phones in China, India, Brazil and other countries, placed a $6.7 million order with MicroVision for a customized display engine, PSE-0403-103, to be embedded in its VOGA V smartphone. This win-win collaboration has  certainly been fruitful for both the party in the past and is expected to bear fruits of labor in the future as well.

In 2019, Samsung patents a new portable projection system that can be mounted on a wall or sit on a table. The projection system can be controlled by a smartphone or any other kind of computers such as a tablet, laptop, desktop, wearable devices like a smartwatch or a set-top-box. It can be used efficiently in the future pico projectors manufacturing, giving it an extra-edge.

In August 2018, BenQ, makers of projectors, LCD screens and other IT hardware, has launched Joybee GP2, a pico projector, in India. The projector comes with an iPod/iPhone dock along with HDMI, SDcard slot, and USB port to connect it to other devices like PC, and other phones. This launch provides BenQ an extra edge in the Indian market of pico projector.

In 2018, Sony India launched MP-CD1 portable mobile projector in India, said to be able to transform any surface into a wide screen, making it perfect for projecting content for a large audience. The Sony MP-CD1 mobile projector is said to enhances brightness levels to reduce motion blurring and noise and ensure optimum performance. It is equipped with Texas Instruments' DLP IntelliBright technology that manages brightness and power consumption. With this new launch, Sony expects to build on the footing it has got in Indian projector market.

Disposable Medical Sensors Market Estimated to Experience a Hike in Growth by 2025

Market Factors At Play

Disposable medical device sensors are cost-effective and efficient devices that are generally used to detect and diagnose diseases in patients. These tools are used for patient monitoring by measuring basic vital signs such as heart rate, respiration rate, level of blood oxygenation, pulse rate, and temperature. In addition, disposable medical sensor devices play a crucial role in detecting the disease that causes microbes such as viruses, bacteria, and fungi.

The most important growth drivers for the disposable medical sensors market are an increase in the geriatric population coupled with the prevalence of rising diseases related to cardiovascular, and kidney disorders. In addition, increasing demand for convenient and cost-effective disposable medical devices has seen a surge in demand.

The market for disposable medical sensors is expected to be powered by technological advancements such as the cancer monitoring system, Micro-Electro-Mechanical Systems (MEMS) sensor technology, and fiber optic technology. Furthermore, government efforts to support R&D to launch innovative products are further expected to positively impact the growth of the market.

Region Specific Insights

The North America region dominates the global disposable medical sensors market owing to the involvement of a large number of industry players, and strengthened healthcare services along with growing local demand for disposable medical sensors. Furthermore, technological developments in sensor technology for medical devices have driven market growth in the region.

The Asia Pacific region is expected to see a high growth in the coming years owing to the innovative applications of medical sensors and increased awareness about therapeutic applications of disposable medical sensors in the region. It is expected that the growing economies such as India and China will lead to growth in the region's demand for disposable medical device sensors.

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Recent Significant Developments

In March 2019, Sensirion launched a sensor-connector-cable solution that provides accurate, patient-side measurement while delivering a reliable flow signal to the ventilator. The solution includes different options of cables and connectors in order to reliably transport calibrated and temperature-compensated output signals of the sensor back to the ventilator. 

In April 2020, The University Medical Center Utrecht (UMCU) in the Netherlands along with Philip's smart patient monitoring technology, said that it is remotely monitoring COVID-19 patients in isolation rooms using a biosensor. Together with Philips, UMCU has developed a solution to monitor these patients continuously yet remotely, reducing the number of times the nursing staff needs to enter the patient’s room. 

In May 2019, Royal Philips announced a collaboration with Medtronic to further advance the treatment of paroxysmal atrial fibrillation (PAF), a common heart rhythm disorder. Through the partnership,  Medtronic will facilitate sales of products on behalf of Philips to provide an innovative, image guidance solution for cryoablation procedures. Philips will launch the novel KODEX-EPD cardiac imaging and navigation system with cryoablation specific features to enable electrophysiologists to perform cryoablation procedures with reduced need for X-ray imaging. 

Thermal Management Technologies Market Get Facts About Business Strategies by 2024

Thermal management technology comprises of the utilization of various heat transfer techniques, through which heat can be removed from one place to another. These solutions generally rely heavily on convection, on account of its efficacy. There are various cooling techniques involved such as different forms of heat sinks, forced air systems and fans, thermoelectric coolers and heat pipes, among others. The continued growth in the usage of electronic devices, along with growth of the automotive sector across the globe, has necessitated the presence of thermal management technologies market.

There has been an explosive growth in the number of electronic device manufacturers worldwide, with the core aim being to make the devices as small, light and efficient as possible. There is a need to fit maximum components in the minimum space, which has led to increased power densities. Thermal management technology helps in maintaining the device temperature through the efficient dissipation of heat, and miniaturized components need such systems to ensure reliability and safety of the device in the long run.

Currently, most of the smartphones in the market weight anywhere between 150-200 grams, while offering high performance features, multiple camera setups as well as advanced AI. Laptops have also seen a drastic reduction in their overall weights, while simultaneously offering better performance, with many high-end offerings from brands such as Lenovo, Dell and Apple weighing between 2-3 lbs. This calls for smart utilization of the hardware space, so that all the components can be fit optimally, while also allowing for proper ventilation. This is a major factor driving the global thermal management technologies market.

According to the measurement company Zenith, an average smartphone user in the US spends 3.5 hours per day on their device being online. Increased usage of performance heavy features on these devices, such as streaming movies and shows, as well as playing graphics-intensive games, can lead to significant warming, which in the absence of thermal management, may ultimately lead to shorter lifespan of smartphones, or significant performance drops. Desktops and laptops are also currently needed to handle a range of tasks, from the less intensive such as creating documents or browsing the web, to more intensive such as playing the latest games. As such, thermal management technology has become a mainstay for laptops.

The growth of the automotive sector in the past few years has led to the positive development of the thermal management technologies market. The growing demand for electric vehicles across the globe has consequently increased the need for heat dissipation in electric motors. According to the Edison Electric Institute, as of March 2019, there are around 1.2 million EVs on the road in the United States. Strict federal regulations and guidelines regarding vehicular emissions, along with the targets set by various countries about meeting pollution control objectives, has also created a positive environment for the market.

In terms of product, the thermal management technologies market has been segmented into hardware, software, interface and substrates segment. The hardware segment is expected to remain a dominant segment in the next 4-5 years, on account of the continuous increase in miniaturized microprocessor production. Moreover, organizations are ramping up their efforts to increase energy efficiency and reduce their carbon footprint, which has led to increased penetration of energy-efficient systems and devices. The interface segment is expected to witness considerable growth in the coming years, as they are major heat dissipation solutions for portable and compact electronic devices, such as smartphones and tablets.

The Asia Pacific region is expected to be a major contributor to the global market revenue for thermal management technologies, on account of the growing demand for consumer electronics products, as well as the increasing automotive sales in the region. Moreover, the promotion of renewable energy sources such as solar cells by the governments is also expected to drive this market in near future. Europe is expected to be another critical regional market, on account of the presence of many advanced electronic designing and R&D facilities in countries, such as Germany and the UK.

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Recent Developments

In May 2020, Laird Thermal Systems announced the launch of the Nextreme Recirculating Chiller platform, the company’s next generation of eco-friendly recirculating chillers for precise temperature control of analytical, medical and industrial equipment. The chiller makes use of high-performance variable speed motors for noise reduction, lower room heat input and reduced energy consumption by up to 50%, when compared to conventional compressor-based systems.

In February 2020, Advanced Cooling Technologies received funding from the Navy for the second phase of the Small Business Innovative Research (SBIR) program, “Advanced Cooling Options for Multifunctional Information Distribution System (MIDS) Joint Tactical Radio System (JTRS) Terminals”. As part of the program, ACT is developing an innovative thermal management system for MIDS JTRS terminals that would improve the cooling performance of the system.

In February 2020, Honeywell extended the offerings of its Thermal IQ™ platform, with the launch of Thermal IQ Optimize, an enterprise-level remote monitoring solution. This offering ensures the safety and efficiency of thermal process equipment by providing users with real-time analytics and fault modeling with early event detection at plant, equipment and process level.

Smart Card Market is Expected to Amplify $15.4 Billion by 2025

Smart card is a device which comprises of an embedded integrated circuit, either in the form of a secure microcontroller, a solitary memory chip, or an equivalent intelligence with internal memory. A general smart card has up to 346 kilobytes of ROM, 8 kilobytes of RAM, a 16-bit microprocessor, and 256 kilobytes of programmable ROM. The card may either connect to a reader through direct physical contact, or with a remote contactless RF interface. Smart cards are available in a number of form factors, such as key fobs, plastic cards, watches, SIMs used in GSM phones, as well as USB-based tokens.

The current tech-savvy global population demands efficient, secure and fast payment transaction, and with the global push towards cashless payments, smart cards are expected to be the way ahead, since they offer much convenience to the consumers. The features provided by smart cards help in maintaining privacy of the owner, which include authentication, encryption, secure data storage, strong device security, biometrics and secure communications, among others. The market for smart cards is expected to witness very positive growth in the near future, on the back of this critical aspect.

The growing prevalence of IoT in various major sectors such as healthcare, manufacturing and education is expected to be a major driver of the smart cards market in the near future. According to Eurosmart, smart card shipments are expected to exceed 10 billion units in 2020, and the positive growth will be there for the long term, aided by the projected active connections of IoT becoming 25 billion by 2025. Smart cards are expected to expand their presence in the fields of e-commerce and personal finance in the coming years.

Smart cards are expected to become a mainstay in the retail segment, as they help in performing faster transactions and reduce checkout time. Smart card technology also has low manufacturing and handling costs, which helps in reducing the costs of operation. Smart cards also find application as transit passes, which are in use by many public transit operators around the globe; examples include Singapore’s CEPAS, London’s Oyster card and San Francisco’s Clipper card. Additionally, some operators offer points for usage that can be exchanged at certain retailers for various benefits, thus encouraging their adoption.

Based on type, the smart cards market is segmented into contact cards, contactless cards and multi-component cards. The contact cards segment is anticipated to show substantial growth in the coming years, as they are in very common use as ATM cards, SIM cards and credit cards, and the lower costs involved are expected to drive this segment. The multi-component cards are expected to show substantial growth through 2025, as they offer faster processing speed and enhanced data security. Multi-component cards are used for specific market solutions, such as vault cards, fingerprint cards and OTP display cards.

In terms of component, the smart cards market is segmented into memory-based cards and microcontroller-based cards. Microprocessor-based smart cards can hold high data volumes that are accessible by a dynamic or fixed OS. The segment is driven due to features like fraud prevention capabilities and longer lifespan. Memory-based smart cards store, read and write data to a specific location. Memory-based cards find use in the retail and banking sectors.

Smart cards find application in various major sectors such as retail, BFSI, telecommunication, healthcare and government. The data protection and secure data transaction capabilities of smart cards have made them a highly attractive proposition for the BFSI sector. The financial services segment is expected to account for 32% of the market in 2020, according to Eurosmart. The telecommunication segment is a major application area of smart cards, in the form of SIM cards. SIM cards enable security in subscriber authentication and mobile value-added services, while also allowing international roaming across networks. This segment is expected to account for more than half of the overall smart card sales by 2020.

Asia Pacific is anticipated to be a major regional consumer for the smart card technology in the coming years. The growing digitization across economies, coupled with government initiatives to go cashless in major economies such as India, have led to growing demand for smart cards in the region. Europe and North America are also expected to contribute substantially to the overall market revenue, owing to their superiority in technological advancements and the presence of major players such as American Express and Atos SE, in these regions.

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Recent Trends and Developments

The current outbreak of COVID-19 pandemic has led to a shift in the purchasing behavior of consumers in the United States, which has led to a high demand for contactless payments, according to a 2020 American Express digital payments survey. The study states that 58% of the consumers who have used contactless mode of payment are more likely to use it much more frequently, with 50% of those surveyed being of the opinion that using contactless is much safer for personal health as compared to using cash, or inserting and swiping a card. The market for contactless smart cards can thus be expected to be in much higher demand in the post-coronavirus environment.

In May 2020, CPI Card Group and Oxygen collaborated to develop the latter’s first personal and business debit cards. The collaboration involved development of two packages with clean and crisply-designed vertical cards that arrive nested in interactive packaging. Moreover, in January 2020, CPI highlighted its dual interface metal card solution, which offers contactless capability. These cards offer multi-directional contactless read-ranges with the ability to communicate with a payment reader regardless of how the card is held.

In April 2019, Thales completed the acquisition of Gemalto, which enables the former to develop solutions for addressing areas such as unmanned air traffic management, data and network cybersecurity, airport security or financial transaction security. Gemalto is now one of Thales’ 7 global divisions, called Digital Identity and Security (DIS).

Household Cooking Appliances Market To Be Worth $124.8 Billion By 2025

The global household cooking appliance market size is expected to reach USD 124.8 billion by 2025, according to a new report by Grand View Research, Inc., registering a 6.5% CAGR during the forecast period. The market has witnessed a paradigm shift over the last few years, with advanced connectivity features integrated with kitchen appliances and growing emphasis on use of energy-efficient products to comply with emission norms becoming commonplace worldwide.

There has been rising demand for advanced kitchen electronics that can help reduce cooking time and minimize hassles in the food preparation process. This demand arises from hectic schedules of the urban working-class population across developing and developed countries. The scenario is likely to lead to a notable increase in demand for advanced kitchen appliances and thus boost market growth.

Smart kitchen devices are being used widely in developed countries such as U.S., Canada, Germany, and Japan. Use of Artificial Intelligence (AI) and IoT to control and access multiple smart kitchen appliances through a remote or mobile device is gaining increased popularity. To benefit from this scenario, a number of companies are introducing smart kitchen equipment in their portfolios. For instance, in August 2018, Electrolux expanded its partnership with Google Inc. in the European market for integrating connected kitchen products with Google Assistant, allowing consumers to control products using voice commands. Such advancements are expected to bolster the global market in the next few years.

Access Research Report of Household Cooking Appliances Market @ http://www.grandviewresearch.com/industry-analysis/household-cooking-appliances-market

Further key findings from the report suggest:

• The cooktop and cooking range product segment accounted for over 46.0% of the revenue in the global market in 2018
• Revenue from the ovens segment is expected to reach approximately USD 50.00 billion by 2025. Within the oven product segment, the revenue share of conventional ovens is expected to fall, whereas microwave and combination ovens are expected to gain prominence
• Key manufacturers are partnering with leading technology providers to integrate AI and IoT technology and develop products that are connected and controlled using smartphones
• Asia Pacific is expected to dominate the global market by 2025 owing to rising urban population and increasing demand for technologically advanced equipment.

Grand View Research has segmented the global household cooking appliance market on the basis of product and region:

Household Cooking Appliance Product Type Outlook (Revenue, USD Million, 2014 - 2025)

• Cooktops & cooking ranges
  • Gas
  • Electric
  • Induction
  • Others
• Ovens
  • Conventional
  • Microwave
  • Combination
• Specialized appliance

Household Cooking Appliance Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• South America
  • Brazil
• Middle East and Africa (MEA)

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Outdoor LED Display Market to Record an Exponential CAGR by 2022| Top Industry Leaders Shenzhen Dicolor Optoelectronics Co Ltd

The Report Outdoor LED Display Market Analysis By Application (Billboards, Perimeter Boards, Mobile Panels, Traffic Lights, Video Walls, LED Matrix Boards), By Technology (Individual Mounted, Surface Mounted), By Color Display (Monochrome, Tri-Color, Full Color) And Segment Forecasts To 2022

The global outdoor LED display market is expected to reach USD 12.43 billion by 2022, according to a new report by Grand View Research, Inc. Growing demand for wireless data connections for billboards which are ideal for high-volume pedestrian traffic zones, and customizable content availability are expected to revolutionize the digital display industry over the next seven years.

Rising trend towards interactive media with 3D format support is also expected to positively impact growth over the forecast period. Interactive visualization technology presents data using interactive images. Interactive screens are expected to be deployed at various public places such as train stations and bus stops over the forecast period.

Electronic signage has completely energized static displays and its counterparts. Technology used in sign programming has become customizable with different demographics such as weather conditons, inventory data and calendar events, which are being marketed over these displays. Hence, the development of high resolution signboards is expected to drive demand over the forecast period. 

Access Research Report of Outdoor LED Display Market @ www.grandviewresearch.com/industry-analysis/outdoor-led-display-market

Further key findings from the report suggest:

• LED mobile panel market is expected to witness robust demand by 2022. These can be easily setup or teardowned along with a ready to use control room; it also minimizes cabling and display With the rising number of events such as live concerts, exhibitions, brand promotion activities, and sports events on the rise, the LED mobile panels segment is expected to show high growth over the forecast period.
• Billboards segment accounted for over 40% of the revenue in 2014 and is anticipated to exhibit high growth over the next seven years. Growing demand for electronic billboards with decline in prices is expected to drive demand. Billboards are mainly used for weather updates, scores and streaming live news, however, there are possibilities for LED billboards to go beyond advertising over the next few years.
• Asia Pacific dominated the outdoor LED display market in 2014, and is expected to grow at a CAGR of over 25% from 2015 to 2022. The industry is majorly driven by the presence of several key distributors and manufacturers in China, Japan, and Korea. Increasing demand for cost effective tri-color and monochrome solutions on streets, pedestrian walks and public places is expected to boost sales in the region.
• Outdoor LED display market share is occupied by companies such as Daktronics, Shenzhen Dicolor Optoelectronics Co Ltd, Electronic Displays, Sony, LG Electronics, and Barco NV. Companies such as Toshiba Corporation, LG Electronics, Panasonic, and Sony Corporation partake in strong networking and enjoy high degree of brand recall.

Grand View Research has segmented the outdoor LED display market on the basis of application, technology, color display and region:

Outdoor LED display Application Outlook (Revenue, USD Million, 2012 – 2022)

• LED Billboards
• Perimeter LED Boards
• LED Mobile Panel
• LED Traffic Lights
• LED Video Walls
• Other LED Matrix Boards

Outdoor LED display Technology Outlook (Revenue, USD Million, 2012 – 2022)

• Individual Mounted
• Surface Mounted

Outdoor LED display Color Display Outlook (Revenue, USD Million, 2012 – 2022)

• Monochrome Displays
• Tri-Color Displays
• Full Color Displays

Outdoor LED display Regional Outlook (Revenue, USD Million, 2012 – 2022)

• North America
• Europe
• Asia Pacific
• RoW

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Fencing Market To Make Great Impact In Near Future by 2027

The global fencing market size is anticipated to reach USD 41.7 billion by 2027, registering a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. Growth in remodeling projects and real estate is projected to drive the market over the forecast period. Commercial sectors including academic organizations and industrial premises employ fences to enhance the safety of people and property.

The market is also driven by residential renovations and new construction projects. Security needs and transportation construction investments are also expected to drive the market growth. In addition, the requirement of aesthetically appealing and novel property is expected to drive the demand for fencing. Governmental investments for promoting safety and security at public premises and parks further provide fencing industry growth prospects.

Consumer preferences largely depend on the design, cost, quality, and appearance of the fence. Cultivators increasingly opt for fences to protect their livestock and property. Innovative materials that enhance durability at low costs would further add to market profits.

Currently, customers are inclined toward decorating their homes and premises. They also prefer more stylish homes to enhance their social status. Consumers prefer picket fence as it is considered as the most decorative fencing options. Furthermore, fencing improves the curb appeal of the house, thereby creating growth opportunities for the market over the forecast period.

Access Research Report of Fencing Market@
https://www.grandviewresearch.com/industry-analysis/fencing-market

Further key findings from the study suggest:

• Metal fencing is expected to dominate the market through the forecast period. This is attributed to the increasing demand for high-end ornamental metal fencing in commercial and residential applications
• Numerous vendors are focusing on selling their products on e-commerce platforms as it helps businesses reduce operating costs and increase profit margins, thereby creating growth opportunities for the online segment over the forecast period
• On the basis of fencing installation, the contractor segment accounted for a significant share in 2019 as homeowners prefer contractors since they are more skilled, thereby reducing the chances of mishaps during installation
• The residential application segment is expected to witness lucrative growth over the forecast period. Increasing renovation and construction operations in the residential sector drives the demand for fences
• The agricultural segment is projected to register a significant growth rate over the forecast period owing to the increased adoption of fencing for protecting farms, livestock, and crops from trespassers and wild animals
• Increasing adoption of fencing products in government residential buildings, embassies, and VIP residences drives the government segment
• The Asia Pacific fencing market is expected to witness an increased demand for fences in agricultural applications. This is attributed to its evolving agricultural sector, especially in emerging countries such as India and China
• The market is characterized by intense competition with a highly fragmented market structure. It is led by several local manufacturers that meet consumer needs by offering cost-efficient products
• Key market participants include Gregory Industries, Inc.; Long Fence Company Inc.; Betafence NV; Jerith Manufacturing Company Inc.; Ply Gem Holdings Inc.; Poly Vinyl Creations Inc.; Allied Tube & Conduit; Ameristar Fence Products Incorporated; Associated Materials LLC; Bekaert; and CertainTeed Corporation

Grand View Research has segmented the global fencing market on the basis of material, distribution channel, installation, application, end use, and region:

Fencing Material Outlook (Revenue, USD Million, 2016 - 2027)

• Metal
• Wood
• Plastic & Composite
• Concrete

Fencing Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Online
• Retail

Fencing Installation Outlook (Revenue, USD Million, 2016 - 2027)

• Do-It-Yourself
• Contractor

Fencing Application Outlook (Revenue, USD Million, 2016 - 2027)

• Residential
• Agricultural
• Industrial

Fencing End-Use Outlook (Revenue, USD Million, 2016 - 2027)

• Government
• Petroleum & Chemicals
• Military & Defense
• Mining
• Energy & Power
• Transport
• Others

Fencing Region Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Belgium
  • Poland
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa (MEA)
  • Saudi Arabia
  • UAE

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Earthmoving Equipment Market Poised to Expand at a Robust Pace Over 2022|Key participants Hitachi Construction Machinery, Volvo

The global earthmoving equipment market is expected to reach USD 184.56 billion by 2022, according to a new study by Grand View Research, Inc. Technological advancements such as facilitation of real-time monitoring for detecting and monitoring equipment failure are anticipated to fuel product demand.

Vendors are increasingly investing in R&D to develop solutions in order to improve machine operations. Technology products such as AccuGrade Grade Control System and Computer Aided Earthmoving System (CAES) are increasingly being incorporated. Manufacturers also offer products with GPS technology and other electronic control modules and database tools for enhancing product offering.

Increasing mechanization of construction processes coupled with strong economic growth in Asia Pacific earthmoving machinery market is anticipated to boost consumption in the region. Rising expenditure on infrastructure activities is also expected to escalate demand significantly over the coming years.

Access Research Report of Earthmoving Equipment Market @ https://www.grandviewresearch.com/industry-analysis/earthmoving-equipment-market

Further key findings from the study suggest:

• Loaders segment accounted for over 45% of the overall consumption in 2014 and is expected to shrink over the next seven years. Demand balancing is anticipated to take some time as the industry is expected to continue to be serviced with large number of existing units.
• Excavators market was valued over USD 30 billion in 2014 and is expected to exhibit high growth over the forecast period. Escalating demand across broad residential applications such as public and private infrastructure development would drive demand extensively. Rising adoption in the commercial sector is another key factor driving industry growth.
• Construction equipment industry is expected to reach over USD 100 billion by 2022. Strong economic growth coupled with increasing consumer spending on infrastructure activities is anticipated to fuel product demand over the forecast period.
• Private construction spending accounted for over 75% of the total construction industry spending in 2014. Increasing government investment in infrastructure development particularly in developing nations of Asia Pacific is expected to spur demand. Growing urbanization paired with increasing demand from corporate sector for infrastructure development may also drive industry growth.
• Asia Pacific earthmoving equipment market accounted for over 50% of the industry share in 2014 and is estimated to exhibit high growth prospects over the next seven years. Emergence of lease-based machinery along with private investment in real estate is further expected to propel demand.
• Middle East earthmoving equipment market is expected to grow at a CAGR of over 9.5% from 2015 to 2022. Growing large scale construction projects especially in the Middle East countries is expected to increase demand for these products over the next few years. Technological advancements and improvement in the quality and after-market services offered by vendors is also anticipated to drive industry growth.
• Key competitors dominating the earthmoving equipment industry include Doosan Infracore Ltd., Caterpillar, Komatsu Ltd., Sany Heavy Industries Co. Ltd and Liebherr. Industry participants emphasize on offering low cost products over energy-efficient products, particularly in price sensitive markets. Manufacturers also focus on lowering production cost and meet emission regulations set by the various regulatory bodies. Chinese manufacturers are increasing their international presence in the wheel loaders industry, competing with enormous array of manufactures in this segment.

Grand View Research has segmented the earthmoving equipment market on the basis of product, application and region:

Earthmoving Equipment Product Outlook (Revenue, USD Million, 2012 - 2022)

• Excavators
• Loaders
• Others

Earthmoving Equipment Application Outlook (Revenue, USD Million, 2012 - 2022)

• Construction
• Others

Earthmoving Equipment Regional Outlook (Revenue, USD Million, 2012 - 2022)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• MEA

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Laptop Market With Strong Application and Scope By 2025

The global laptop market size is anticipated to reach USD 108.91 billion by 2025, according to a study by Grand View Research, Inc., progressing at a CAGR of 0.4% during the forecast period. Increasing urbanization and growing spending capacities of consumers belonging to middle and upper-middle classes, coupled with evolving lifestyles, are projected to help the global market gain significant momentum over the coming years. Furthermore, upsurge in demand for technologically advanced products, particularly in developing countries due to changing needs and consumption patterns, is poised to bolster market growth over the forecast period.

Burgeoning popularity of affordable wireless connectivity and mobility solutions among consumers is likely to spur the growth of the market. Besides this, homogeneous standardization of laptops and advancements in technology are helping in increasing processing power, reducing power consumption, and cutting down costs. This, in turn, is working in favor of the market.

Improving internet infrastructure across the globe is also positively influencing the growth of the market. Factors such as adaptability of mature audiences to dynamic technological environments and favorable adoption of evolving technologies are also expected to trigger the demand for laptops over the forecast period. Moreover, government initiatives such as Made in China 2025, Digital India, and Make in India are also offering immense growth potential to manufacturers operating in the laptop market.

However, increasing sales of smartphones are estimated to be the key restraint for the growth of the market. Factors such as long-lasting battery life, low price, high-speed processors, and large screens, apart from other value-added features such as artificial intelligence, augmented reality (AR) apps, sensors, and enhanced hardware, are leading to wider adoption of smartphones, thereby hampering the sales of laptops.

To request a sample copy or view summary of this report, click the link below:https://www.grandviewresearch.com/industry-analysis/laptop-market

Further key findings from the study suggest:

• The 2-in-1 laptop segment is anticipated to exhibit the highest CAGR over the forecast period. This can be attributed to growing demand for lightweight and technologically-advanced laptops
• The 13" to 14.9" screen size segment is projected to expand at a CAGR exceeding 0.5% in terms of value over the same period as these laptops are ideal for diverse applications such as personal, gaming, and business
• The USD 501-USD 1,000 segment accounted for a significant market share as these laptops offer long battery life, wide display screen, robust processors, and attractive design at relatively affordable price
• Spiraling demand for online and augmented/virtual reality gaming among youths and professional gamers is bolstering market growth for gaming laptops
• Asia Pacific is poised to register the highest CAGR owing to increasing government initiatives to manufacture low-cost but technologically-proficient laptops
• Some of the prominent industry participants include Dell; HP Development Company, L.P.; ASUSTeK Computer Inc.; Apple Inc.; Acer Inc.; and Lenovo. OEMs are substantially investing in R&D to withstand competition and sustain their dominance in the industry.

Grand View Research has segmented the global laptop market based on the type, screen size, price, end use, and region:

Laptop Type Outlook (Revenue, USD Billion; Volume, Million Units, 2014 - 2025)

• Traditional Laptop
• 2-in-1 Laptop

Laptop Screen Size Outlook (Revenue, USD Billion; Volume, Million Units, 2014 - 2025)

• Up to 10.9"
• 11" to 12.9"
• 13" to 14.9"
• 0" to 16.9"
• More than 17"

Laptop Price Outlook (Revenue, USD Billion; Volume, Million Units, 2014 - 2025)

• 0-500
• 501-1,000
• 1,001-1,500
• 1,501-2,000
• Above 2,001

Laptop End-Use Outlook (Revenue, USD Billion; Volume, Million Units, 2014 - 2025)

• Personal
• Business
• Gaming

Laptop Regional Outlook (Revenue, USD Billion; Volume, Million Units, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Denmark
• Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • U.A.E.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Professional Service Automation Software Market Poised to Expand at a Robust Pace Over 2025

The global professional service automation software market size is estimated to reach $16,015.0 Million by 2025, at a CAGR of 11.7% according to a new report by Grand View Research, Inc. PSA software is used for standardizing business processes and providing reports, insights, and control for resources and projects. The value of such systems is to enable critical information to be analyzed and shared across organizations for more insightful and timely decision-making. Rapid advancements in functionalities of the solution are anticipated to boost growth.

Increasing needs to improve operational efficiency among professional service firms are expected to propel the market over the forecast period. The companies have been focusing on optimally aligning resources while profitably delivering projects on time. PSA tools offer benefits such as optimized staffing, improved collaboration, and automated time and expense. Effective use of professional services automation tools can help organizations improve productivity, operational efficiency, financial margins, and billable utilization. PSA software improves project management and resource management by increasing efficiency through increased collaboration and personnel utilization, better planning, and integrated knowledge management. The software also provides standardized reports, which help management make key business decisions.

Small enterprises have been using spreadsheets for various tasks such as resource and time management. However, as businesses grow, complexity, need for automation, and the challenge of maintaining business quality, throughput, and effectiveness will grow as well. Small-sized businesses are untapped markets and increasing IT budgets of these enterprises are expected to demand over the forecast period.

Access Research Report of Professional Service Automation Software Market @ https://www.grandviewresearch.com/industry-analysis/professional-services-automation-software-market

Further key findings from the report suggest:

• Cloud technology is becoming popular among cost-sensitive customers and small and medium enterprises. Increasing ubiquitous computing owing to smartphone penetration and better internet infrastructure is expected to drive the PSA mobile application over the next six years.Support for a variety of mobile platforms such as Android and iOS has become a basic requirement of the software
• Technology companies held the largest market share of over 46% in 2018. However, marketing and communication firms segment is anticipated expand at the highest CAGR of 15.5% from 2019 to 2025
• North America and Europe are expected to remain key regions in the global Professional Service Automation (PSA) software market over the forecast period
• Projector PSA; ChangePoint; NetSuite OpenAir;Appirio, Inc.;Microsoft Corporation; FinancialForce.com; ConnectWise; and Tenrox are some of the major players
• Other key vendors include Compuware Corporation;Autotask Corporation; Panview; Clarizen; Deltek, Inc.; and Oracle

Grand View Research has segmented the global PSA software market on the basis of application, deployment, and region:

Professional Service Automation (PSA) Software Application Outlook (Revenue, USD Million, 2014 - 2025)

• Consulting Firms
• Technology Companies
• Marketing and Communication Firms
• Others

Professional Service Automation (PSA) Software Deployment Outlook (Revenue, USD Million, 2014 - 2025)

• Cloud
• On-premise

Professional Service Automation (PSA) Software Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• MEA

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Automated Fare Collection Market to Reflect Steadfast Expansion by 2025

The global automated fare collection market size is expected to reach USD 19.89 billion by 2025 registering a CAGR of 13.6% from 2019 to 2025, according to a new report by Grand View Research, Inc. Growing adoption of digital technologies to improve transaction processing speed and to reduce issues associated with cash handling and ticket management is anticipated to remain one of the leading factors driving the market.

Focus of governments on the performance optimization of existing public transit systems, such as subways, buses, trams, and metros, is also expected to boost the usage of technology-driven AFC systems for digital transaction processing and payment management. Increasing penetration of the technology has provided transit system operators an effective way to reduce counter congestions, operational costs, waiting time, and cash leakage issues often faced in traditional fare collection systems. This has also facilitated hassle-free and convenient travel experiences for commuters.

Rising awareness about these benefits is compelling transit operators to replace conventional physical ticketing machines and toll booths with contactless AFC systems. The data generated by such systems is further used in implementing a data-driven network optimization approach for public transit systems. Public transit network operators were able to capitalize on the unutilized capacity of the trains by using a data-driven model. Emerging countries in Asia Pacific, such as India and China, are also in the process of implementing similar systems to enable operators to dynamically plan and optimize ticket prices.

Access Research Report of Automated Fare Collection Market@
https://www.grandviewresearch.com/industry-analysis/automated-fare-collection-afc-system-market

Further key findings from the study suggest:

• Software segment is said to register the maximum CAGR over the forecast years due to rising focus of transit system operators on deploying integrated AFC systems covering multiple transportation modes
• Near Field Communication (NFC) technology segment is anticipated to gain traction owing to its superior transaction speed, contactless payment capability, and higher adoption by transit operators
• Railways & transportation application will witness the highest CAGR from 2019 to 2025 due to the development of railway and highway infrastructure networks in emerging countries, such as India
• Asia Pacific to expand at the highest CAGR of 17.1% from 2019 to 2025 due to rapid urbanization and rising need for deploying faster payment processing systems due to increasing number of commercial vehicles and daily commuters
• Key companies in the global AFC market include Cubic Corp., Advanced Card Systems Ltd., Atos SE, Indra Sistemas SA, GMV, LG CNS, LECIP Holdings Corp., Omron Corp., Masabi Ltd., NXP Semiconductors N.V., Nippon Signal Co., Ltd., Samsung SDS Co., Ltd., Siemens AG, Telexis B.V., Singapore Technologies Engineering Limited, Scheidt & Bachmann GmbH, Thales Group, Trapeze Group, Vix Technology, UL Identity Management & Security, and Thales Group

Grand View Research has segmented the global Automated Fare Collection market on the basis of component, technology, system, application, and region:

Automated Fare Collection Component Outlook (Revenue, USD Million, 2014 - 2025)

• Hardware
• Software

Automated Fare Collection Technology Outlook (Revenue, USD Million, 2014 - 2025)

• Smart Card
• Magnetic Stripe
• Near Field Communication (NFC)
• Optical Character Recognition (OCR)

Automated Fare Collection System Outlook (Revenue, USD Million, 2014 - 2025)

• Ticket Vending Machine (TVM)
• Ticket Office Machine (TOM)
• Fare Gates
• IC Cards

Automated Fare Collection Application Outlook (Revenue, USD Million, 2014 - 2025)

• Railways & Transportation
• Parking
• Entertainment
• Others

Automated Fare Collection Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • France
  • Germany
  • Poland
  • Russia
  • UK.
• Asia Pacific
  • Australia
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • Saudi Arabia
  • UAE

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.