Dental Laser Market to Reflect Robust Expansion During 2019-2026: Grand View Research Inc.

 Dental Laser Market Growth & Trends

The global dental lasers market size is expected to reach USD 1,530.6 million by 2026, according to a new report by Grand View Research Inc. It is projected to register a CAGR of 6.5% during the forecast period. Rising application of dental lasers for the treatment of dental diseases and procedures, such as cavity preparation, dentinal hypersensitivity, restorative removal, growth modulation, and caries prevention, is contributing to the growth. In addition, increasing adoption in hyperplastic tissue removal, wound healing, photostimulation of herpetic lesions, and photodynamic therapy for malignancies is anticipated to fuel the demand.

Advantages such as high efficiency, less bleeding, better control of soft tissue, and comfortable treatment are anticipated to further fuel the demand for dental lasers. Additionally, many insurance policies cover the usage of dental lasers for conservative soft tissue, therefore fueling market growth. Technological advancements are predicted to offer lucrative opportunities in the forthcoming years. Growing use of lasers in dentistry domain coupled with increasing acceptance of devices with novel technologies by dental surgeons are few emerging trends witnessed in the market.

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Dental Laser Market Report Highlights

• Soft tissue is the fastest growing segment owing to the rising number of soft tissue disorders, such as periodontal disorders and gingivitis. Diode lasers are majorly used in soft tissues procedures, driving the segment growth
• Oral surgery segment is expected to witness lucrative growth in the next seven years owing to the rise in the number of patients demanding bone and gum tissue restructuring. Rising awareness regarding oral hygiene is expected to further impel the growth
• Hospital segment is expected to expand at a CAGR of 5.7% by 2026 owing to improving healthcare facilities in the emerging economies and well-established medical settings in the developed nations
• North America dental laser market has been estimated to be the largest owing to rise in awareness regarding oral hygiene, increasing incidence of dental diseases such as gingivitis, periodontics, and caries
• Key players of dental laser market include Biolase, Inc.; AMD LASERS; FOTONA D.D.; Ivoclar Vivadent AG; Danaher; Dentsply Sirona Inc.; Syneron Dental; ZOLAR Technology & Mfg Co. Inc.; THE YOSHIDA DENTAL MFG. CO., LTD.; and Convergent Dental

Dental Laser Market Segmentation

Grand View Research has segmented the global dental laser market on the basis of product, application, end use, and region:

Dental Lasers Product Outlook (Revenue, USD Million, 2015 - 2026)

• Soft Tissue
• All Tissue
• Dental Welding Lasers

Dental Lasers Application Outlook (Revenue, USD Million, 2015 - 2026)

• Conservative Dentistry
• Endodontic Treatment
• Oral Surgery
• Implantology
• Peri-Implantitis
• Periodontics
• Tooth Whitening.

Dental Lasers End Use Outlook (Revenue, USD Million, 2015 - 2026)

• Hospitals
• Dental Clinics

Dental Lasers Regional Outlook (Revenue, USD Million, 2015 - 2026)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • Thailand
  • South Korea
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Colombia
• MEA
  • South 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.

Dental Crowns And Bridges Market Is Expected To Accomplish A Valuation Of Around $72.09 Billion By 2026: Grand View Research Inc.

 Dental Crowns And Bridges Market Growth & Trends

The global dental crowns and bridges market size is expected to reach USD 3.8 billion by 2026, according to a new report by Grand View Research Inc. IT is projected to expand at a CAGR of 7.78% during the forecast period. Growing number of dental disorders is expected to drive the growth. Moreover, rising medical tourism and demand for cosmetic surgery are projected to majorly affect the growth.

North America is the dominating market for dental crowns and bridges owing to favorable reimbursement policies for the employees. Furthermore, increasing awareness for these reimbursement policies and growing geriatric population are anticipated to propel the regional market in the forthcoming years.

Advancements in the existing technologies is another major trend witnessed in the market. Growth of the dental implant industry is stimulating the developments and acceptance of novel technologies by the end users across the globe. These innovations are expected to impel dental implant replacement rates in near future.

Growing economies of Asia Pacific, such as India and China are positively influencing growth of the dental crowns and bridges market. Moreover, an increase in spending power of consumers in the developing countries and the introduction of technologies like CAD/CAM for streamlining the workflow of dentists are also driving the product demand.

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Dental Crowns And Bridges Market Report Highlights

• Titanium segment is anticipated to expand at a CAGR of 7.6% by 2026 owing to the attractive features of the material, such as unmatched corrosion resistance, biocompatibility, great mechanical resistance, high success rates, and favorable biological response with live tissues
• Zirconium is also expected to gain popularity in near future, owing to increased use for restorations in the anterior areas and its features, such as low porosity, high density high compressive strength and tooth-like appearance
• Premium implants is the dominating segment and is expected to register a steady CAGR over the forecast period. Strong presence of implant brands, such as Straumann, Nobel Biocare, Zimmer Biomet, and Dentsply Sirona is anticipated to bode well for the growth
• Value dental implants is also predicted to register a significant growth due to increasing preference for the product by end users over premium implant brands
• Manufacturers in the dental crowns and bridges market focus on mergers and acquisitions for strengthening their market presence, expanding their customer base, and innovations and new product launches for expanding their product portfolio

Dental Crowns And Bridges Market Segmentation

Grand View Research has segmented the global dental crowns and bridges market on the basis of material, price, and region:

Dental Crowns and Bridges Material Outlook (Revenue, USD Million, 2015 - 2026)

• Titanium
• Zirconium

Dental Crowns and Bridges Price Outlook (Revenue, USD Million, 2015 - 2026)

• Premium
• Value
• Discounted

Dental Crowns and Bridges Region Outlook (Revenue, USD Million, 2015 - 2026)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East & Africa
  • South 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.

Neurothrombectomy Devices Market Latest Trends, Industry Growth And Forecast To 2026: Grand View Research Inc.

 Neurothrombectomy Devices Market Growth & Trends

The global neurothrombectomy devices market size is anticipated to reach USD 864.02 million by 2026, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.4% during the forecast period. Increasing incidence of acute ischemic stroke, such as intracerebral hemorrhage and subarachnoid hemorrhage stroke is anticipated to boost the growth. For instance, according to the Stroke Alliance for Europe, total number of stroke in Europe will increase by 34% from 2015 to 2035.

Technological advancements play a crucial role in fueling the market growth. For instance, Medtronic’s Solitaire Platinum Revascularization Neurothrombectomy Device, which is a pushwire attached nitinol scaffolding design. This device is designed to reduce around 70% of stroke-related disability and to improve the functional outcome at 90 days in patients suffering a large vessel occlusion.

The hospital segment led the neurothrombectomy devices market in 2018 owing to high prevalence and rising awareness regarding neurothrombectomy. In addition, as compare to clinics, hospitals remain at the top priority for patients suffering from acute ischemic disease as this disease have to be treated within 8 hours of onset of the symptoms. However, Ambulatory Surgical Centers (ASCs) is anticipated to be the fastest growing segment over the forecast period, attributed to shorter waiting time that ASCs provide to the patients and increasing number of ASC facilities.

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Neurothrombectomy Devices Market Report Highlights

• Clot retrievers segment led the neurothrombectomy devices market in 2018 and is anticipated to register the highest CAGR over the forecast period, attributed to increasing number of patients suffering from acute ischemic stroke due to large vessel occlusion
• Europe held the highest market share in terms of revenue in 2018 and is expected to expand at the highest CAGR over the forecast period owing to the presence of well-developed healthcare facilities and favorable reimbursement policies as well as the rise in number of supportive government awareness programs, and neurothrombectomy device approvals.
• The key players opt for technologically advanced products and undertake various initiatives such as partnerships, new product development, and collaborations to gain the competitive advantage in the market. For instance, in 2019, Stryker announced the launch of its New Sonopet iQ ultrasonic aspiration system which increases speed and precision to enhanced ease of use.

Neurothrombectomy Devices Market Segmentation

Grand View Research has segmented the global neurothrombectomy devices market on the basis of product, end use, and region:

Neurothrombectomy Devices Product Outlook (Revenue, USD Million, 2015 - 2026)

• Clot Retriever
• Aspiration/Suction Devices
• Vascular snares

Neurothrombectomy Devices End Use Outlook (Revenue, USD Million, 2015 - 2026)

• Hospitals
• Emergency Clinics
• Ambulatory Surgical Centers

Neurothrombectomy Devices Regional Outlook (Revenue, USD Million, 2015 - 2026)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Colombia
• Middle East and Africa (MEA)
  • South 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.

Healthcare Interoperability Solutions Market is Estimated To Reach A Valuation of USD 4.7 Billion by 2026: Grand View Research Inc.

 Healthcare Interoperability Solutions Market Growth & Trends

The global healthcare interoperability solutions market size is expected to reach USD 4.7 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 13.0% during the forecast period. Rising focus on patient-centric care, increasing need to curb high healthcare cost, and growing government initiatives to enhance patient safety & care are some major factors driving market growth. Rising healthcare IT penetration, especially in developing economies, is further expected to create significant growth opportunities for market players. However, rising complexity due to lack of reliable data & trained professionals and increasing data privacy & safety concerns are some key factors expected to impede growth.

Healthcare organizations are adopting Electronic Health Record (EHR) systems that support integration between different technologies/systems, increasing the need for interoperability solutions across all healthcare settings. Interoperability solutions help share and access complex data. These solutions allow sharing, exchange, and reuse of data across different devices and applications, which help reduce overall healthcare expenditure.

However, to make the best use of interoperability solutions and for their effective implementation, healthcare organizations need to work holistically at data sharing & implementing strategies, spanning the complete patient care continuum. Collaboration among players is expected to be one of the key factors responsible for driving the market.

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Healthcare Interoperability Solutions Market Report Highlights

• Services segment is held the largest healthcare interoperability solutions market share in 2018
• EHR interoperability held the maximum market share in 2018 owing to high adoption rate in hospitals
• According to the Healthcare Information and Management Systems Society (HIMSS), more than 60% of the hospitals have adopted EHR technology
• According to the West Health Institute (WHI), adoption of interoperability solutions could lead to significant reduction in healthcare spending in the U.S.
• Semantic segment in level is anticipated to witness fastest growth due to growing government efforts toward implementation and adoption of interoperability solutions across healthcare settings
• North America dominated the regional segment in 2018. This can be attributed to supportive government policies, favorable reimbursement schemes, rise in awareness about interoperability solutions, and increase in number of training programs for implementing these solutions across healthcare settings
• Asia Pacific is expected to grow with the highest CAGR of over 14.0% over the forecast period owing to well-established infrastructure and low healthcare cost in developing countries
• Some of the key players are Intersystems Corporation; Orion Health Group Limited; Infor, Inc.; Cerner Corporation; Interfaceware, Inc.; Allscripts Healthcare Solutions, Inc.; Nextgen Healthcare, Inc.; EPIC Systems Corporation; OSP Labs; Koninklijke Philips NV; Visolve, Inc.; and Jitterbit.

Healthcare Interoperability Solutions Market Segmentation

Grand View Research has segmented the global healthcare interoperability solutions market on the basis of the type, deployment, level, application, end use, and region:

Healthcare Interoperability Solutions Type Outlook (Revenue, USD Million, 2014 - 2026)

• Solutions
  • EHR Interoperability
  • HIE Interoperability
  • Enterprise Interoperability
  • Others
• Services

Healthcare Interoperability Solutions Level Outlook (Revenue, USD Million, 2014 - 2026)

• Foundational
• Structural
• Semantic

Healthcare Interoperability Solutions Deployment Outlook (Revenue, USD Million, 2014 - 2026)

• Cloud Based
• On Premise

Healthcare Interoperability Solutions Application Outlook (Revenue, USD Million, 2014 - 2026)

• Diagnosis
• Treatment
• Others

Healthcare Interoperability Solutions End-use Outlook (Revenue, USD Million, 2014 - 2026)

• Hospitals
• Ambulatory Surgical Centers
• Others

Healthcare Interoperability Solutions Regional Outlook (Revenue, USD Million, 2014 - 2026)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • Japan
  • China
  • Australia
  • India
  • Singapore
• Latin America
  • Mexico
  • Brazil
• MEA
  • South 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.

Cannabis Extract Market Growth With Worldwide Industry Analysis To 2027: Grand View Research Inc.

 The global cannabis extract market size is expected to be valued at USD 28.5 billion by 2027, according to a new report published by Grand View Research, Inc. It is projected to expand at a CAGR of 16.6% over the forecast period. Growing legalization of cannabis in various countries, preference for cannabis oil and tinctures, and adoption of medical marijuana for treating chronic diseases like arthritis, anxiety, and Alzheimer’s are the major factors propelling the growth.

Cannabis extracts have gained wide recognition in recent years and are expected to provide impetus to cannabis market growth. Based on product type, cannabis extracts are classified into oils and tinctures. The oils segment is expected to dominate the market in 2019 with a revenue of USD 4.8 billion and is anticipated to witness the fastest CAGR of 17.5%, over the forecast period.

Based on extract type, the market is segmented into full spectrum cannabis extracts and cannabis isolates. The full spectrum cannabis extracts dominated the market in 2019, with a revenue of USD 4.3 billion, owing to the added advantage of the entourage effect. Various manufacturers prefer full spectrum cannabis products owing to their advantages over the isolates. Thus, the segment is expected to remain dominant over the forecast period.

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

Further key findings from the report suggest:

• In 2019, oils held the largest revenue share of 66.5% owing to ease of availability and low price of the product
• The full spectrum segment was valued at USD 4.3 billion in 2019, owing to its entourage effect-a synergistic relationship between cannabinoids and terpenes that exhibits an increase in the healing properties of each cannabinoid
• Marijuana isolates is anticipated to emerge as the second largest type segment over the forecast period, owing to several advantages that have increased its adoption. For instance, the purest form of isolates, such as CBD oil, have no psychoactive effects as they have no THC content
• In 2019, North America accounted for the largest share in the global cannabis concentrates market. This can be attributed to high utilization owing to government approvals
• Key players operating in the cannabis extract market include Canopy Growth Corporation; Aphria Inc.; Aurora Cannabis; Maricann Inc.; Tilray; Organigram Holdings Inc.; Tikun Olam, Ltd.; and The Cronos Group

Grand View Research has segmented the global cannabis extract market on the basis of product, extract type, and country:

Cannabis Extract Product Type Outlook (Revenue, USD Million, 2016 - 2027)

• Oils
• Tinctures

Cannabis Extract Type Outlook (Revenue, USD Million, 2016 - 2027)

• Full spectrum
• Isolates

Cannabis Extract Regional Outlook (Revenue, USD Million, 2016 - 2027)

• US.
• Canada
• Germany
• Italy
• Netherlands
• Israel
• Australia
• Argentina
• Colombia
• Mexico
• Croatia
• Poland
• Czech Republic
• Switzerland
• Uruguay
• Chile

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.

Emission Monitoring Systems Market Analysis By Demand, Opportunities, Current Trends & Predictions

 The global emission monitoring systems market size is expected to reach USD 4.43 billion by 2025, expanding at a CAGR of 8.6% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. Increased deployment and usage in oil and gas, power generation, and metals and mining industries in emerging economies such as China and India are expected to drive the growth.

Emission Monitoring Systems (EMS) have enabled companies to accurately detect, report, and reduce the concentration of harmful gases and improve air quality. The deployment of EMS has also helped regulatory agencies and departments to efficiently monitor emissions from various industries such as oil and gas, metals and mining, and chemical and fertilizer. Technological advancements such as predictive analytics and the development of sensitive and advanced sensors have significantly contributed to the growth of the emission monitoring systems market.

Recognizing the negative consequences of harmful gases into the atmosphere, governments across the globe have taken major steps to monitor and reduce emission levels. Changing regulatory framework, stringent emission standards, and improvement in the data reporting process are also some of the significant factors driving the market growth. Apart from these, growing investment in environmental management, along with personnel health protection are promoting the adoption of EMS.

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

Further key findings from the study suggest:

• CEMS segment is expected to expand at the highest CAGR of 8.7% over the forecast period owing to increased adoption of these systems in oil and gas upstream and downstream
• Development of PEMS capable of higher accuracy in emission detection is further expected to drive the demand and adoption of the systems by major companies in oil and gas, power generation, and chemical and fertilizer industries
• Hardware segment presently leads the emission monitoring systems market and is also anticipated to be the fastest growing segment over the forecast period. Stringent government regulations and air quality standards by the Environmental Protection Agency (EPA) and European Committee for Standardization of emission monitoring are expected to have a positive influence on growth in U.S. and Europe, respectively
• Asia Pacific is expected to register the highest CAGR from 2019 to 2025 due to the establishment of new refineries and capacity enhancement of existing refineries to meet the rapidly growing crude oil consumption
• The key industry players include Ametek, Inc.; ABB Ltd.; Emerson Electric Company; General Electric Company; Horiba Ltd.; Enviro Technology Services Plc.; Fuji Electric Co., Ltd.; Siemens AG; Thermo Fisher Scientific Inc.; and Rockwell Automation, Inc.; among others.

Grand View Research has segmented the global emission monitoring systems market based on type, component, end use, and region.

Emission Monitoring System Type Outlook (Revenue, USD Million, 2014 - 2025)

• Continuous Emission Monitoring System (CEMS)
• Predictive Emission Monitoring System (PEMS)

Emission Monitoring System Component Outlook (Revenue, USD Million, 2014 - 2025)

• Hardware
• Software
• Service
  • Installation & Deployment
  • Training
  • Support & Maintenance

Emission Monitoring System End Use Outlook (Revenue, USD Million, 2014 - 2025)

• Chemical & Fertilizer
• Metals & Mining
• Oil & Gas
• Pharmaceutical
• Power Generation
• Pulp & Paper
• Others

Emission Monitoring System Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
• 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.

Road Marking Machine Market Is Expected To Gain Significant Traction Over The Forecast Period: Grand View Research Inc.

 The global road marking machine market size is anticipated to reach USD 11.32 billion by 2025 expanding at a CAGR of 9.3%, according to a new report by Grand View Research, Inc. Rapid globalization, industrialization, and urbanization along with technological developments are triggering the demand for high-quality infrastructure. With a view to achieve balanced regional economic growth governments across the world have increased their spending on infrastructure development.

Thus, rising investment in road infrastructure by key governments, specifically in emerging economies of APAC and CSA, are expected to propel the market over the forecast period. On the basis of product type, the market is segmented into manual, semi-automatic, and fully automatic machines. Manual machines are projected to account for the largest market share over the forecast period as they are used across various industries owing to ease of operation, compatibility with a variety of paint materials, and low operational cost.

On the basis of application, the market is segmented into road, car park markings, anti-skid, and other markings. Road markings was the largest application segment in 2018 and held 28.25% of the global market share. These markings includes line striping on highways, city roads, and sideways, among others. Car park markings is likely to be the fastest-growing segment with a CAGR of 10.5% over the forecast period owing to rising need for these markings at hotels, buildings, sideway car parking, and public car parking places.

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

Further key findings from the study suggest:

• Asia Pacific accounts for the largest share of the global road marking machine market and is expected to retain its dominance over the forecast period
• China is the major revenue-generator in the APAC region and is anticipated to reach USD 1.17 billion by 2025
• North America market is anticipated to witness a steady growth owing to increased investments for road safety and maintenance
• S. is one of the prominent markets in North America and is projected to expand at the fastest CAGR of 3.9% over the forecast period
• Manual type is expected to be the largest as well as fastest-growing machine type segment over the estimated period
• Car parking markings application segment is anticipated to register the highest CAGR of 10.5% during the forecast years
• Key companies in this market are Hofmann GmbH; Borum A/S; Graco Inc.; RME Road Marking Equipment; STiM Group; Dayu Road Marking; Automark Industries; Titan Tool Inc.; TATU Traffic Group; and Zhenjiang Winfar Transport Facilities Co., Ltd.

Grand View Research has segmented the global road marking machine market on the basis of machine type, application, and region:

Road Marking Machine Type Outlook (Revenue, USD Million, 2015 - 2025)

• Manual
• Semi-Automatic
• Fully Automatic

Road Marking Machine Application Outlook (Revenue, USD Million, 2015 - 2025)

• Road
• Car Park
• Anti-Skid
• Others

Road Marking Machine Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • France
  • Italy
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Middle East and Africa
  • Saudi Arabia
• Central & South America
  • Brazil

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.

Sports Analytics Market Predicted to Cross USD 4.6 Billion by 2025: Grand View Research Inc.

 Sports Analytics Market Growth & Trends

The global sports analytics market size is expected to reach USD 4.6 billion by 2025, expanding at a CAGR of 31.2%, according to a new study by Grand View Research, Inc. Increasing preference for sports as a career option coupled with the growing demand for tracking and monitoring live data of players is expected to drive the market growth. Use of analytics in sporting events help different stakeholders including sportsperson, associations, and fanatics to get in-depth insights on live in-game activity as well as the past game events.

Sports generate huge amount of data that can be used for tracking player information and thereby gain competitive insights on opponent’s strategy. Companies worldwide are investing in research and development in order to develop state-of-the-art solutions that can process such voluminous data and help end-users gain competitive insights. Several gaming associations such as the Royal Spanish Football Federation, German Football Association, and National Basketball Association (NBA) have begun implementing analytical tools. Such tools help in crunching numbers in order to predict the possible outcome of a future game event as well as to gain insights on individual player and team performance.

Analytical tools use historically generated data as well as on-going real-time statistics to provide insightful information to the stakeholders involved in sports ecosystem. Analytical tools help gain first-hand information such as opponent history, win-loss records, player line-up, and player specific info including speed attained, acceleration achieved, and energy levels. Moreover, this data is also used by aficionados, which in turn, increases their involvement in the game. Growing involvement of fans thus helps to increase the popularity of the sport among people.

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Sports Analytics Market Report Highlights

• The market is witnessing growth owing to wide range of benefits offered by analytic solutions, especially with respect to the in-game strategy formulation
• The software segment held a major share in the market, accounting for more than 55.0% of the total revenue generated in 2018. With the advent of cloud computing and associated benefits in terms of flexibility offered with respect to accessibility, demand for cloud-based analytical solutions a has surged over the last few years
• The on-field analysis segment dominated the market in 2018 and is expected to expand at the highest CAGR during the forecast period. This is owing to growing popularity of game that needs player monitoring through use of sensors embedded in clothes and equipment
• The off-field segment is expected to exhibit a considerable CAGR owing to the growing trend towards understanding the dynamics of the game among aficionados
• The football segment held the major share in 2018. Higher share of this segment is attributed to tremendous popularity of the sport, especially among European countries
• North America is expected to account for the highest share followed by Europe during the forecast period. Growing investments by the companies in developed markets to develop advanced big data analytics solutions is flourishing the regional market
• Key players include Experfy Projects; Oracle; IBM Corporation; SAP; Sportradar AG; Tableau Software; and SAS Institute Inc.

Sports Analytics Market Segmentation

Grand View Research has segmented the global sports analytics market on the basis of component, analysis type, sport, and region:

Sports Analytics Component Outlook (Revenue, USD Million, 2014 - 2025)

• Software
• Services

Sports Analytics Analysis Type Outlook (Revenue, USD Million, 2014 - 2025)

• On-field
  • Player & Team Analysis
  • Video Analysis
  • Health Assessment
• Off-field
  • Fan Engagement
  • Ticket Pricing

Sports Analytics Sport Outlook (Revenue, USD Million, 2014 - 2025)

• Football
• Cricket
• Baseball
• Basketball
• Rugby
• Others

Sports Analytics Regional Outlook (Revenue, USD Million, 2014 - 2025)

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

Ride Sharing Market to Penetrate Untapped Regions During 2019 to 2025: Grand View Research Inc.

 The global ride sharing market size is projected to reach USD 11.94 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 7.5% during the forecast period. Increasing awareness in regular commuters regarding environmental deterioration due to vehicle emission is expected to drive the growth.

The unprecedented expansions of cities and towns and the inherent traffic congestion issues are anticipated to play a crucial role in driving the market for ride sharing in the forthcoming years. Growth in international trade and globalization has facilitated development of many major and minor economies all over the world. This economical and industrial growth has directly impacted the demographics and helped rapid urbanization in many countries.

The B2C business type ride sharing segment is estimated to lead the ride sharing market in 2017 and is expected to continue its dominance through the forecast period. This expanison is attributed to the introduction of ride sharing module in the existing platforms provided by established ride hailing players. The peer-to-peer ride sharing segment is expected to register the highest CAGR over the forecast period, attributed to rising awareness among commuters and also to introduction of newer user-friendly platforms.

The corporate type of commute is estimated to lead the ride sharing market with a slight edge, however the short distance commutes segment is expected to take the lead in the market over the forecast period. The long distance commute type is also projected to register healthy growth amid growing trend of sharing personal vehicles through ride sharing platforms in North America and Europe.

North America led with a market share of around 45.0% in 2017. The region is home to the two major players - Uber and Lyft - competiting to gain more customer base. Asia Pacific followed North America to take the second spot in terms of market share. However, the region is expected to overtake North America over the forecast period. Didi Chuxing and OLA are the two major players in the Asian market.

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https://www.grandviewresearch.com/industry-analysis/ride-sharing-market

Further key findings from the study suggest:

• The North American short distance segment was valued at USD 1.04 billion in 2017
• Indian B2C market is expected to reach USD 815.0 million by 2025, registering a CAGR of 12.7% from 2018 to 2025
• B2C business model and short distance commute is expected to lead the ride sharing market till 2025
• Latin American long distance segment is expected to expand at a CAGR of 9.1% from 2018 to 2025
• South East Asia is another prominent market with the presence of many developing countries such as Indonesia and Thailand in ASEAN nations
• Key market players include GRAB, Uber, and Didi Chuxing among others.

Grand View Research has segmented the global ride sharing market on the basis of business model and commute type:

Ride Sharing Business Model Outlook (Revenue, USD Million, 2015 - 2025)

• P2P
• B2C
• B2B

Ride Sharing Commute Type Outlook (Revenue, USD Million, 2015 - 2025)

• Long Distance
• Corporate
• Short Distance

Ride Sharing Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • France
• Asia
  • China
  • India
  • South Korea
• South East Asia
  • ASEAN
  • Australia
• Latin America
  • Brazil
  • Mexico
• 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.

Real-Time Payments Market to Grow at CAGR of 29.3% from 2019 to 2025: Grand View Research Inc.

 Real-Time Payments Market Size, Share & Trends Analysis Report By End-use Industry, By Nature of Payment (P2B, B2B, P2P), By Enterprise Size (Large, SME), By Component, By Deployment, And Segment Forecasts, 2019 - 2025

The global real-time payments market size is estimated to reach at USD 39.02 billion by 2025 registering a CAGR of 29.3%, according to a new study by Grand View Research, Inc. Real-time payments are digital/electronic payments that allow the immediate transfer of funds in real time through a secured payment gateway. Growing e-commerce sector and adoption of smartphones coupled with the rising need for fast and convenient payment solutions in large and Small & Medium Enterprises (SMEs), are anticipated to fuel the RTP market expansion.

The real time payments infrastructure can significantly enhance the payments’ stakeholders experience of disbursements and refunds – a frequent issue for merchants and consumers alike as card refunds generally take at least a few days to process and clear. Real-time payments solutions are being widely adopted across various industries, such as retail and e-commerce, BFSI, and IT & telecom, owing to their benefits in terms of speed, security, and transparency. Rising demand for advanced analytics for payment-related data from merchants and corporate users is also driving the market.

Moreover, availability of advanced online payment systems, such as Google Pay, Apple Pay, and Samsung Pay, and rising adoption of such solutions by large e-commerce retailers are expected to lead the market growth over the forecast period. Additionally, favorable government initiatives about digital payments across emerging economies, such as India, and China, are estimated to create significant opportunities for market entrants. The Asia Pacific market is anticipated to witness a significant expansion over the forecast period due to increasing e-commerce sales and adoption of smartphones.

Key companies in the market focus on M&A to enhance their product portfolios, expand geographical presence, and consumer base to deliver RTP solutions across various industries. For instance, in June 2016, MasterCard Inc. acquired VocaLink Holdings Ltd. (92.4% stakes) for a deal worth USD 920 million, which allowed MasterCard to strengthen its role in the U.K. payments ecosystem. However, growing cybersecurity concerns and lack of network interoperability among multiple payment-related schemes, such as Automated Clearing House (ACH) and Society for Worldwide Interbank Financial Telecommunications (SWIFT), could hamper the market growth.

Access Research Report of Real-Time Payments Market @ https://www.grandviewresearch.com/industry-analysis/real-time-payments-market

Further key findings from the study suggest:

• The Asia Pacific regional market accounted for the largest share in the past and is anticipated to witness the highest CAGR over the forecast period
• This growth can be attributed to the increasing number of new instant payment providers and government initiatives to promote digital payments
• Retail and consumer goods industry held the largest market share in the past and is expected to register the maximum CAGR during the forecast years
• This growth is mainly due to high demand for instant payment solutions from of large- and small-sized e-retailers and merchants
• Prominent companies in the market are Finastra; MasterCard, Inc.; Fidelity National Information Services, Inc. (FIS Inc.); Fiserv, Inc.; ACI Worldwide, Inc.; and Visa, Inc.
• These companies focus more on M&A to enhance product and services portfolios and expand regional presence

Grand View Research has segmented the global real-time payments market on the basis of nature of payment, component, deployment, enterprise size, end-use industry, and region:

RTP Nature of Payment Outlook (Revenue, USD Million, 2015 - 2025)

• P2B
• B2B
• P2P
• Others

RTP Component Outlook (Revenue, USD Million, 2015 - 2025)

• Solutions
• Services

RTP Deployment Outlook (Revenue, USD Million, 2015 - 2025)

• On-Premises
• Cloud-Based

RTP Enterprise Size Outlook (Revenue, USD Million, 2015 - 2025)

• Large Enterprises
• Small & Medium Enterprises (SMEs)

RTP End-use Industry Outlook (Revenue, USD Million, 2015 - 2025)

• Retail & E-Commerce
• BFSI
• IT & Telecom
• Travel & Tourism
• Healthcare
• Government
• Energy & Utilities
• Others

RTP Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
• Europe
• Asia Pacific
• South America
• MEA (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.

Smart Robots Market Size Is Anticipated To Reach USD 16.46 Billion by 2025: Grand View Research Inc.

 The Report Smart Robots Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Service), By Application, By End Use (Industrial, Commercial, Residential), By Vertical, By Region, And Segment Forecasts, 2018 - 2025

The global smart robots market size is anticipated to reach USD 16.46 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 22.4% over the forecast period. Factors such as increasing adoption of autonomous robots for carrying out iterative tasks, rapid technological developments in robotics, and increasing investments in industrial automation have boosted the adoption of smart robots in various end use segments.

Smart robots are commonly used for performing various tasks in field applications, metal fabrication, packaging and palletizing, among others. These robots perform tasks independently as well as can work with humans in various manufacturing and maintenance operations. Smart robots are widely used in industries such as automotive and manufacturing to enhance productivity and to reduce labor cost. In addition, benefits such as minimal accidents and higher accuracy are driving the market growth.

The introduction of smart collaborative robots and Artificial Intelligence (AI) enabled systems with enhanced reliability and accuracy is expected to drive growth of the smart robots market over the forecast period. Numerous companies such as Fanuc Corporation, ABB Ltd., and Yaskawa Electric Corporation, among others, are implementing advanced robotics technologies for versatile end-use applications. This factor is anticipated to further boost the market expansion in the forthcoming years.

The industrial robot segment is anticipated to witness substantial growth in near future owing to their wide adoption in process automation in various industries. Increasing investment in industrial automation has boosted the adoption of smart robots among packaging, manufacturing, and material handling among other industries. Moreover, rising adoption of Internet of Things (IoT) and Artificial Intelligence (AI) has also encouraged end users to implement the smart robotics technology.

The market for smart robots is expected to witness volatility owing to mergers and acquisitions, high competition, and presence of new as well as well-established participants. In August 2016, Panasonic Corporation acquired OpenSynergy GmbH, a German software company. OpenSynergy is a high-tech company specializing in embedded automotive software for cockpit solutions. This acquisition is expected to enhance its business in the automotive sector.

Access Research Report of Smart Robots Market@ https://www.grandviewresearch.com/industry-analysis/smart-robots-market

Further key findings from the study suggest:

• Demand for smart robots has increased over the years owing to benefits such as automation, safety, cost reduction, and reliability
• Governments across the globe are promoting industrial automation to improve productivity
• The Asia Pacific region is projected to witness remarkable growth over the forecast period owing to increasing application of smart robots in manufacturing and automotive industries
• The market is expected to grow at exponential pace as numerous diverse applications come to light and different types of niche products including application specific robots are commercialized
• Key players in the smart robots market include ABB Ltd., Kuka AG, iRobot Corporation, and Fanuc Corporation, among others.

Grand View Research has segmented the global smart robots market based on component, application, end use, vertical, and region:

Smart Robots Component Outlook (Revenue, USD Million, 2014 - 2025)

• Hardware
• Software
• Service

Smart Robots Application Outlook (Revenue, USD Million, 2014 - 2025)

• Industrial Robots
• Service Robots

Smart Robots End Use Outlook (Revenue, USD Million, 2014 - 2025)

• Industrial
• Commercial
• Residential

Smart Robots Vertical Outlook (Revenue, USD Million, 2014 - 2025)

• Automotive
• Healthcare
• Manufacturing
• Food & Beverages
• Retail
• Energy & Utility
• Others

Smart Robots Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• Europe
• Asia Pacific
• South America
• 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.

Digital Twin Market Estimated to Experience a Hike in Growth by 2025: Grand View Research Inc.

 Digital Twin Market Growth & Trends

The global digital twin market size is expected to reach USD 26.07 billion by 2025, according to a new report by Grand View Research, Inc. The market is estimated to register a strong CAGR of 38.2% over the forecast years. Digital twin is a dynamic digital replica of a product, process, system, or facility, which can be used for various purposes including creating a sustainable environment and ensuring a better digital experience for customers. Such digital replicas can imitate real-world situations and help in optimizing systems and processes, examining products, and monitoring the performance and condition of machines, among others.

Digital twin technology is gaining traction owing to its potential to bridge the gap between the physical world and the virtual world. The global market is expected to grow significantly over the forecast period in line with the growing adoption of the Internet of Things (IoT) and big data analytics. Other factors responsible for this growth include rising need for cost-efficient operations, optimizing the processes, and reducing the Time to Market (TTM). At the same time, the way digital twins are created would continue to evolve in line with the innovations in the field of Virtual Reality (VR) and Augmented Reality (AR), thereby boosting the growth of the market.

Healthcare and life sciences, aerospace and defense, automotive and transport, manufacturing, and energy and utilities are some of the key end-use industries for the digital twin technology. Incumbents of these industries are particularly adopting the technology to enhance efficiency, augment productivity, ensure cost-efficient operations, and streamline the processes. For instance, hospitals can create a digital twin of their systems as part of the efforts to gauge the impact of any prospective changes to their systems and ensure a safer environment. Similarly, a surgeon can create a digital twin of the heart and study it before performing a surgery. The technology is also helping companies in adopting lean manufacturing.

Request a free sample copy or view report summary: Digital Twin Market Report

Digital Twin Market Report Highlights

• Growing adoption of the digital twin technology in various industries, such as automotive and transport and agriculture, is the major growth-driving factor for the global market
• Digital twin incorporates Artificial Intelligence (AI), big data, Machine Learning (ML), and IoT, among others
• This helps the end-use industries in accessing the technology more easily and implementing it cost-effectively, thereby supporting market growth
• The manufacturing segment accounted for more than 20.0% of the global market share in 2017 and is expected to witness a strong CAGR over the forecast period
• North America and Europe together accounted for more than 50% of the market share in 2017 on account of high adoption of industrial IoT and the presence of developed infrastructure in these regions
• Prominent companies in the digital twin market include ABB Group; Hexagon Geosystems AG; PTC, Inc.; Dassault Systèmes; AVEVA Group plc; SAP SE; Schneider Electric SE; and Siemens AG. Most of these companies are investing in R&D to maintain their position in the global market

Digital Twin Market Segmentation

Grand View Research has segmented the global digital twin market on the basis of end use and region:

Digital Twin End-use Outlook (Revenue, USD Million, 2014 - 2025)

• Manufacturing
• Agriculture
• Automotive & Transport
• Energy & Utilities
• Healthcare & Life Sciences
• Residential & Commercial
• Retail & Consumer Goods
• Others

Digital Twin Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • The U.S.
  • Canada
• Europe
  • The U.K.
  • 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.

Electric Vehicle Range Extender Market Expected To Hit CAGR of 10.2% By 2025: Grand View Research Inc.

 The Report Electric Vehicle (EV) Range Extender Market Size, Share & Trends Analysis Report By Product, By Vehicle (Passenger, Commercial), By Component (Battery Pack, Power Converter), And Segment Forecasts, 2018 - 2025

The global EV range extender market demand is estimated to reach 494,083 units by 2025 at a 10.2% CAGR during the forecast period, according to a new report by Grand View Research, Inc. An electric vehicle (EV) range extender is an external system that helps increase vehicle range to support long-distance travel. Robust growth in adoption of fully electric passenger and commercial vehicles to reduce CO₂ emissions, coupled with extendable range and high-performance capabilities, are expected to propel market growth.

The automotive industry is considered to be the largest consumer of oil in the world, contributing to high pollution levels globally. Governments across various countries have imposed stringent regulations on automobile manufacturers to produce low/zero emission vehicles to help reduce carbon footprint.

Besides this, governments of developing countries such as China and India are providing subsidies to promote the adoption of electric vehicles. For instance, in August 2018, the Indian government announced to offer a subsidy of around 20% on purchase of new electric vehicles. However, low mileage range of EVs can be a major concern for consumers as it limits the distance traveled. To overcome this, key manufacturers such as BMW Group, General Motors, Volvo Car Corp., and Mahle Group have launched EV range extender solutions that help increase battery capacity to support long distance traveling. This has had a positive impact on market growth.

In an attempt to increase their market share and improve overall profitability, key automobile manufacturers are focused on integrating range extenders into their new EV models. For instance, BMW Group launched the BMW i3 EV integrated with a range extender solution, which enables consumers to drive longer distances. In 2016, Nissan Motors Co. Ltd. launched LEAF, an e-powered hybrid vehicle, in several APAC countries.

Key market players are also investing significant funds in R&D activities to develop innovative range extender products to extend driving range and improve battery efficiency, along with reducing overall battery price. However, increasing focus of OEMs to incorporate range extender technology in upcoming EV models, coupled with increasing trade conflicts between China and U.S., may hinder market growth over the forecast period.

Access Research Report of EV Range Extender Market @ https://www.grandviewresearch.com/industry-analysis/electric-vehicle-ev-range-extender-market

Further key findings from the study suggest that:

• North America accounted for the largest market share in 2017. The regional market will witness growth with some large market players such as General Motors Co. and Magna International Inc. offering ICE and fuel cell range extenders
• European governments are actively offering several rebates and subsidies to boost adoption of EVs. However, there is a lack of charging infrastructure as against rising EV sales, which is expected to propel demand for EV range extenders
• Governments across the globe are continuously investing in enhancing public transport infrastructure, thereby driving adoption of electric commercial vehicles. Deployment cost of range extenders is lower than the cost involved in setting up a charging infrastructure
• Key market players are collaborating with EV manufacturers to develop new innovative technologies that will offer alternative range extender solutions as well as incorporate range extenders in new vehicle models.

Grand View Research has segmented the global EV range extender market on the basis of product, vehicle, component, and region:

EV Range Extender Product Outlook (Volume, Units, 2015 - 2025)

• ICE range extender
• Fuel cell range extender
• Others

EV Range Extender Vehicle Outlook (Volume, Units, 2015 - 2025)

• Passenger vehicles
• Commercial vehicles

EV Range Extender Component Outlook (Volume, Units, 2015 - 2025)

• Battery pack
• Generator
• Power converter
• Electric motor

EV Range Extender Regional Outlook (Volume, Units, 2015 - 2025)

• North America
• Europe
• Asia Pacific

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.

Telecom Electronic Manufacturing Services Market is Anticipated to Expand at a CAGR of 7.0% during the Forecast Period: Grand View Research Inc.

 The global telecom electronic manufacturing services (EMS) market size is likely to reach USD 230.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.0% during the forecast period. IoT is the next key trend and is estimated to support the telecom industry in terms of revenue generation and infrastructure expansion, which is subsequently estimated to drive the market over the forecast years. Furthermore, mobile connectivity has improved tremendously over the past few years and penetration of wireless devices has witnessed healthy growth over the years. This trend is poised to continue over the next few years and positively impact the telecom EMS market growth.

With such unprecedented growth in the telecom world, players are often challenged to keep pace with their products as well as service offerings. However, with changing market dynamics in the telecom sector and growing focus on offering higher customer value, equipment vendors are aiming to make it big in the service offering field. Thus, the industry has been experiencing a shift toward outsourcing activities. This is, in turn, stoking the growth of the market.

Access Research Report of Telecom EMS Market@ https://www.grandviewresearch.com/industry-analysis/telecom-electronic-manufacturing-services-ems-market

Further key findings from the report suggest:

• The global telecom EMS market is mainly driven by need to reduce overall costs while being competitive in international markets. Additionally, need to reduce operating and manufacturing costs is playing a pivotal role in stimulating market growth
• In 2016, the electronic manufacturing service segment lead the market with over 45.0% share, owing to the fact that global telecom players demand assistance in designing, implementing, manufacturing, and testing of equipment on a large-scale
• The electronic design and engineering segment is projected to witness a CAGR close to 9.0% from 2017 to 2025. Advancements in technology are making it necessary for firms to subcontract design and engineering services to cope with ever-changing dynamics associated with technological developments and innovations
• Asia Pacific is expected to dominate the market throughout the forecast horizon. Increasing electronics production in the Southeast Asia region, supported by incentives and funding from a few electronic giants, is one of the primary growth stimulants for the market in the region
• The telecom electronic manufacturing services market is well-diversified. Companies focus on offering a wide range of services, thus enabling OEMs to focus on their core competent businesses. Key players in the industry include Benchmark Electronics, Inc.; Flex, Ltd.; Plexus Corp; and Jabil Circuit, Inc.

Grand View Research has segmented the global telecom EMS market on the basis of services and region:

Telecom EMS Service Outlook (Revenue, USD Billion, 2015 - 2025)

• Electronic design & engineering
• Electronics assembly
• Electronic manufacturing
• Supply chain management
• Others

Telecom EMS Regional Outlook (Revenue, USD Billion, 2015 - 2025)

• North America
• Europe
• Asia Pacific
• South America
• 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.

Smart Speakers Market Expected to Witness a CAGR of 38.7% through 2025: Grand View Research Inc.

 The Report Smart Speakers Market Size, Share & Trends Analysis Report By Virtual Personal Assistant (Amazon Alexa, Google Assistant, Apple Siri), By Region, And Segment Forecasts, 2018 - 2025

The global smart speakers market size is expected to reach USD 39.3 billion by 2025 at a 38.7% CAGR over the forecast period, according to a study conducted by Grand View Research, Inc. The ability of a smart speaker to function as a centralized hub that can adequately control other smart home devices is expected to increase their popularity among consumers.

The market is anticipated to witness significant growth over the forecast period owing to various technological advancements. One of the recent technological advancements is Echo Look, launched by Amazon in June 2018. Echo Look is integrated with a camera and programmed to function as a fashion advisor by capturing user’s images. Similarly, in March 2017, Google announced its strategy to incorporate smart displays in their speakers. The Google Assistant Smart Displays can be used to watch recipes, refer to Google maps, and shop online with the visual aid of a screen.

Furthermore, increasing penetration of broadband services, coupled with growing integration of AI technologies, is anticipated to bolster the smart speakers market over the forecast years. Another key factor driving the market is price differentiation. Various smart speaker providers offer their products at varied costs to maintain consumer preferences toward their products.  Additionally, smart speakers are expected to be the fastest-growing products among other smart devices included in the consumer electronics portfolio.

Despite growing consumer interest in smart speakers, data security and privacy continue to be primary concerns. These devices gather personal information pertaining to contact details, bank account number, and login credentials from Google Home, which has access to Gmail where users store their personal details. These security concerns may hinder market growth. However, with development of security compliances, the market is expected to overcome this challenge and exhibit an upward growth trend.

Access Research Report of Smart Speakers Market @ https://www.grandviewresearch.com/industry-analysis/smart-speakers-market

Further key findings from the study suggest:

• Amazon Alexa dominated the market in 2017 and is expected to register a CAGR of more than 19.0% over the forecast years. This growth is ascribed to its massive popularity among consumers and its advanced features such as machine learning and semi-supervised learning techniques
• Several emerging players are entering into collaborations with existing participants to enhance their market presence. For instance, in July 2018, Pioneer Electronics announced its partnership with Amazon, Inc. to introduce Elite Smart Speaker F4 (VA-FW40) enabled with Amazon Alexa voice assistant. Pioneer Electronics is engaged in providing home entertainment products
• The smart speakers market is marked by presence of industry participants such as Apple, Inc.; Amazon; Google; and Xiaomi. These players incorporate effective strategies to maintain their presence and gain popularity among users. For instance, after Amazon introduced its smart speaker in U.S., Xiaomi, Chinese electronics giant, introduced its smart speakers and is currently one of the pioneers in the consumer electronics market. The company holds more than 5% share in the smart speakers market.

Grand View Research has segmented the global smart speakers market based on virtual personal assistants (VPA) and region:

Smart Speakers Virtual Personal Assistant Outlook (Volume, Million Units; Revenue, USD Million, 2015 - 2025)

• Amazon Alexa
• Google Assistant
• Apple Siri
• Others

Smart Speakers Regional Outlook (Volume, Million Units; Revenue, USD Million, 2015 -  2025)

• North America
• Europe
• Asia Pacific
• Latin America
• 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.