Contactless Payment Transaction Market – Growth Forecast Analysis by Manufacturers, Regions, Types and Applications to 2025

The global contactless payment transaction market is expected to flourish significantly in coming years owing to a headstrong competition among the manufacturers. The emergence of various big and small service providers presents a very aggressive seller scene, notes one of the current reports by Transparency Market Research (TMR). Rivalry in the market has additionally escalated with the section of banks, card organizations, telecom organizations, and payment organizations generally. The simplicity of passage in the market is relied upon to witness inflow of new members to add to the fracture and rivalry regarding administration costs. Some of the significant players ruling the market are Barclays, Gemalto N.V., Ingenico Group, Verifone Systems Inc., Inside Secure, Wirecard AG, Apple Inc., Giesecke & Devrient GmbH, On Track Innovations Ltd., Heartland Payment Systems, and Samsung Elecrronics Ltd.

According to a report by Transparency Market Research, the worldwide contactless payment transaction market is anticipated to grow at a stunning 55.5% CAGR for the conjecture time frame during 2017 to 2025 for the market to be worth US$801.44 bn by 2025. The portion of contactless card (NFC/RFID) is evaluated to contribute the main income to the worldwide contactless payment transaction market over the conjecture time frame. Fueled by the expanding selection of NFC-empowered smart wearable gadgets and developing utilization of contactless cards, Europe is foreseen to show generally expedient development among other key territorial sections. In the area, contactless cards is anticipated to contribute the main income sponsored by development in retail and transport end-utilize businesses.

Firms to come up with Various Marketing Strategies to get Profit

With a specific end goal to guarantee practical returns, specialist co-ops are centered on creating inventive marketing procedures for better rate of change. For instance, Samsung created attractive secure transmission, which discharges an attractive flag that copies the attractive strip on conventional payment cards. The major factor fueling the contactless payment transaction market is the expanding interest for rapid transactions, particularly in the transport and retail divisions supported by the rising utilization of cell phones.

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Ended up being an obstruction, on the other hand, is the high establishment cost of purpose of-offer (PoS) machines for contactless payment when contrasted with ordinary PoS machines. Tough rivalry wins in the worldwide contactless payment transaction market. This is on account of there are a sizeable number of little and substantial specialist co-ops and section into the market is very simple. Generally, the passage of banks, card organizations, telecom organizations, and payment organizations that are foraying into contactless payment administrations has additionally increased rivalry in the market. This move sought after can be ascribed to the mass selection of contactless payments by a few parts, in this manner offering comfort to the clients.

Fast and Productive Outcome to Augment the Market Growth

This empower transaction to be done with no physical association between a customer’s payment gadget and purpose of-share terminal. Cell phone payments, scratch cards, cupons, and vouchers are a portion of the gadget that are utilized for leading contactless payments. Contactless payments offer productive and fast payment arrangements through an EMV contactless card, NFC cell phone, or standard contactless travel card.

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POS Terminal Market – Industry Analysis, Growth and New Market Opportunities Explored

Transparency Market Research’s new report on the global point-of-sale (POS) terminal market observes the scenario in the market to be fragmented yet intensely competitive. The competition is expected to further intensify with aspiring players, especially software vendors seeking entry into the market.

Ingenico S.A., PAX Technology Limited, NEC Corporation, , VeriFone Systems Inc., MICROS Systems Inc., Cisco Systems Inc., Hewlett-Packard Company, Toshiba Corporation, Panasonic Corporation, Samsung Electronics Co. Ltd., and NCR Corporation were the key vendors for POS terminal services in 2016.

The global market for POS terminal stood at US$54.68 bn in 2016 vis-à-vis revenue and is poised to expand at a CAGR of 11.5% between 2017 and 2025.

Early Implementation of Technology Pushes North America to Top Position

The application segments of POS terminal market are restaurant, hospitality-lodging, grocery/supermarket, warehouse/distribution, healthcare, retail, field service, and government. Retail, among them, accounted for the leading market share in 2016. This is mainly because of ease of fast processing of bills, data backup, maintenance of customer database, inventory management, and management of customer loyalty programs.

North America, at present, dominates the global POS terminal market in terms of revenue contribution. In 2016, the region held a significant 30% share of the overall market. This is due to significant use of POS terminal across the retail and entertainment sectors and early implementation of technology.

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Demand for Enhanced Services from Savvy Consumers Boosts Market Growth

Some of the key growth drivers in the global POS terminal market is the high acceptance of POS terminal across the hospitality, retail, warehouse/distribution, and healthcare sectors due to ease of use and high return on investment. POS terminal have an array of use, which include printing bills, making payments, inventory management, and carrying out customer loyalty programs.

The rapid growth of the retail and hospitality sectors in developing economies have had a profound impact on the growth of POS terminal market. Small and medium sized retailers and quick service restaurants in the emerging economies of China and India are increasingly adopting POS solutions for enhanced customer experience. With the entry of retail giants such as Wal-Mart to emerging economies, the demand for POS solutions is further expected to rise. Therefore, Asia Pacific is expected to display significant growth with the leading CAGR over the forecast period.

The growth of the market is further supplemented with the rising adoption of mobile POS in retail and hospitality sectors as they are more systematic and allow prompt processing of credit. Further, it offers ease of use, as any tablet or mobile can be remodeled into mobile POS by simply fastening a reader to it. Thus, mobile POS terminal are expected to experience high growth over the coming years.

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Furthermore, advancements in POS terminal systems, in recent years, such as real time analytics features is working in favor of the growth of the market. Last but not the least, compliance requirements such as Europay, Mastercard, and Visa (EMV) are driving the growth of POS terminal market as they are ensure enhanced security of payments.

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Temperature Sensor Market – Industry Trends and Forecast to 2024

The global temperature sensors market features a largely fragmented and competitive vendor landscape, with the leading six companies collectively accounting for a mere 19% of the overall market in 2015, observes a recent report by Transparency Market Research. The market suffers from a lack of differentiating attributes in key product varieties. Thus the market features a high level of price-based competition.

To sustain in the highly competitive market, leading vendors are focusing on ways of consolidating the vendor landscape and are proactively looking for strategic collaboration opportunities. Some of the leading companies in the market are STMicroelectronics N.V., Honeywell International Inc., Panasonic Corp., General Electric Co., Infineon Technologies AG, and, Texas Instruments Inc.

 

TMR analysts suggest that the global temperature sensor market will register a healthy 4.6% CAGR over the period between 2016 and 2024. At this rate, the market is likely to rise to a valuation of US$6.6 bn by 2024 from US$4.6 bn in 2015. In terms of volume, the market is expected to surpass cross 2.93 bn units by 2024.
North America to Continue to Hold Leading Spot over Forecast Period

Of the key product varieties, the segment of thermistors has emerged as the most promising in terms of revenue opportunity as well as sales in the recent years. Exhibiting a promising pace of expansion over the report’s forecast period, the segment is expected to continue to lead the market through 2024. Geographically, the market in North America is presently the dominant regional market. Accounting for nearly 40% of the overall market in 2015 in terms of revenue, the regional market is expected to lead over the forecast period as well. The vast rise in adoption of temperature sensors across the healthcare, medical, and oil and gas sectors will lead to promising growth prospects for the regional market over the report’s forecast period.

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Massive Rise in Global Sales of Consumer Electronics Products to Drive Growth

The report states that among the key factors that are expected to fuel the global temperature sensor market, the rising inclination of key industries towards non-contact sensors, the massive rise in demand from the thriving consumer electronics industry, and a rising set of applications will prove to be most impactful. Of these too, the consumer electronics sector will emerge as the leading consumer of a variety of temperature sensors as well as the most promising revenue generator for the global market. The mounting global sales of products such as mobile phones, laptops, wearable devices, LCDs, and fitness bands have worked well for the global temperature sensor market and will continue to lead to steady demand in the next few years as well.

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Connected Logistics Market – Forecast on Market Dynamics, Emerging Trends, Growth Factors

The global connected logistics market is moderately fragmented with leading players merging and acquiring other companies as part of their growth strategy, states Transparency Market Research (TMR) in its latest report on connected logistics. Some of the leading players within the market are International Business Machines Corporation, Infosys Limited, Google Inc., Oracle Corporation, Amazon Web Services Inc., Microsoft Corporation, Dynatrace LLC, SAP SE, NETSUITE Inc., and Freightgate Inc.

According to TMR, the global connected logistics market will rise to US$55.17 bn by 2025, expanding at a 17.8% CAGR from 2017 to 2025. On the basis of service, it is expected that the connected logistics market will be led by the asset management service segment on account of advanced transportation and logistics infrastructure needed and also due to globalization.

Most Lucrative Regional Market to be Asia Pacific for Connected Logistics

In terms of geography, North America is leading in the market at present as businesses dealing with delicate products are increasingly in need for integrity control. Europe is expected to be the second largest contributor to the revenue of the connected logistics market. The healthcare sector in Europe is extensively making use of connected logistics and this will drive the growth of the market in Europe. However Asia Pacific will steal the show by expanding at the fastest pace between 2017 and 2025 exhibiting an impressive CAGR of 18.1%. The e-commerce sector is flourishing in Asia Pacific and is a sector which requires real-time tracking of products, thereby making use of connected logistics extensively.

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Increasing Demand for Transparency Control to Drive Demand for Connected Logistics

According to the report, the rising need for transparency control and integrity will be an important factor behind the growth of the connected logistics market. Connected logistics is driven by the need for product delivery at optimal cost, timely delivery, perfect condition of the product, and the need for delivering right product to the right place. Connected logistics is especially required for the transportation of goods which are delicate and would require special monitoring during transit. Today, shipment details as well as the facility of tracking a product in real time has become essential in logistics and ecommerce. This in turn, will fuel the growth of the market for connected logistics.

Proliferation of Internet of Things to benefit Connected Logistics Market

The proliferation of Internet of Things has also helped this market to grow. Connected Logistics can help provide real-time information regarding the weather, the shipping lane traffic, and road conditions on being connected to internal or external data feed. By receiving alerts on severe fluctuation of the temperature or weather, manufacturers are able to take  appropriate actions before their products are damaged.

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Intelligent Electronic Devices Market – Outlook and Forecast by 2024

Most of the nations worldwide are trying to raise their electricity production in order to complement the increasing industrialization and urbanization. This factor has significantly contributed to the rise of substation installation in order to deliver electricity to various remote parts of a nation. A substation is used to step up current and voltage or vice versa for transmitting electricity to long distances.

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Thus, a substation typically consists of equipment such as circuit breaker, transformer, capacitors and voltage regulators which perform transmission, distribution and protection of equipment’s from both the ends. This makes substation an important part of power system which needs constant monitoring and maintenance for smooth operation. Intelligent electronic device helps to monitor, control and protect the substation equipment’s from unpredicted faults resulting in disruption of power supply.

Intelligent electronic devices consist of a group of microprocessor controlled components such as switching, control and communication units. Switching units comprises devices such as protective relay, electrically operated on-load tap controller and electrical isolator which operate in substation to mechanically isolate the system in case of possible fault. Some switching units also continuously monitor and collect data which is fed to control units through communication devices. Communication devices comprises Ethernet cables, wireless transmission and power line communication carrier (PLCC). Today, most of the intelligent electronic devices manufacturers provide communication through Ethernet cables and wireless communication.

Control units consists of a system which helps to monitor and control the remote terminal unit (RTU) or switching units in real-time. Further, it also collects historical data from switching units thereby providing detailed analysis to the operator. Intelligent electronic devices also consist of monitoring systems, supervisory control and data acquisition (SCADA), human machine interface (HMI) and digital meters which help to provide additional information of overall health of substation systems.

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Intelligent Electronic Devices Market: Driving Factors and Opportunities

Further, with the introduction of smart grid system, the application of intelligent electronic devices is expected to increase in coming years. Some intelligent electronic device vendors also provide software which help to collate and monitor the overall condition of intelligent electronic devices. A major requirement for intelligent electronic devices vendors is to comply their system with International Electrotechnical Commission (IEC) IEC 61850-6 standard. Thus, the protocol is expected to create a huge impact on the market in producing a standardized product.

The application of intelligent electronic device is expected to increase in transmission and distribution, collector and switching substation. Some vendors are also providing customized solution for gas insulated substation which also require monitoring of SF6 gas. The market for intelligent electronic device is also expected to increase owing to the automated and remote control of substation in remote areas.

The application of intelligent electronic device is increasing in renewable energy installation such as wind farms and solar projects which require continuous monitoring of electrical equipment’s. The market can be segmented on the basis of hardware such as RTU, communication and control system. Further, the challenge faced in case of possible intrusion in wireless based communication can be a possible restraint for this market.

Intelligent Electronic Devices Market: Key Players

Some of the prominent vendors providing intelligent electronic device are Schneider Electric SE, Siemens AG, Black & Veatch Corporation, Eaton Corp PLC, SUBNET Solutions Inc., Toshiba Corporation and ABB Ltd.

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Enterprise Content Management Market – Report, Trends, Size, Share, Analysis, Estimations and Forecasts to 202

Looking to achieving the top slot amidst competitive trends, the leading players in the global enterprise content management (ECM) market are launching innovative solutions. Besides this, several companies are providing cloud-based solutions to offer improved experience through better storage availability, remote access, and real-time access on a cloud-based platform, finds Transparency Market Research (TMR) in a new study. Strategies adopted by these enterprises over the last couple of years and the ones they are contemplating to implement in the coming years reflect have a profound impact on the market. On studying these, readers can get a comprehensive market overview. TMR has identified companies such as Datamatics Global Services Ltd., Alfresco Software, Inc., Hyland Software, Inc., Capgemini S.A., EMC Corporation, IBM Corporation, M-files Inc., Pennywise Solutions Private Ltd., Tata Consultancy Services, and SAP SE as some of the leading players in the global enterprise content management market.

TMR has pegged the overall value of the global enterprise content management market at US$9,117.4 mn in 2016. Exhibiting a CAGR of 9.0% between 2017 and 2025, the market is expected to reach US$19,904.8 mn by the end of 2025. Among industries reporting demand for enterprise content management, BFSI is at the fore. In addition, a significant increase in the demand from the retail segment is also expected through the forecast period. Among the key regional segments, North America emerged dominant, holding nearly 38% of the global enterprise content management market in 2016.

Rising Investment toward Strengthening ECM Architecture to Give Impetus

Over the coming years, the global enterprise content management market is likely to report steady growth gaining from investment surge in the ECM architecture. A majority of these investments are coming from emerging nations such as India and Brazil. Given the scenario, experts predict massive growth for the market in terms of scalability, investments, and robustness as an increasing number of end users invest in cloud-based ECM solutions.

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In addition, the rising awareness among prospects customers regarding their diverse applications will enable growth in the global enterprise content management market. In the last couple of years, cloud-based ECM solutions have found increasing applications in various sectors including banking and financial services, insurance companies, consumer goods, energy and power, education and academia, securities and capital markets, healthcare, defense, media and transportation, and IT and Telecom. A common thread between these industries is that all they require high information security hence emerging as prime consumers of the technology.

Digitization of Business Platforms Creates Environment Conducive to Growth

The market is likely to gain from digitization of various business platform. Apart from this the abundant availability of unstructured data, the demand for prompt sharing of sensitive information, proliferation of bring your own device trend, and the advancements in the database applications have created an environment conducive to deploying enterprise content management. Supporting this is the higher availability cross various organizations and improved mobile access. Following the implementation of ECM, organizations can derive benefits such as improving their monitoring technologies, thus, establishing time stamp and securing access.

As more number of enterprises realize the benefits they can achieve from enterprise content management, its implementation will spike, in turn boosting the overall market.

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Audio Communication Monitoring Market – Advanced technologies & growth opportunities in global Industry

The communication technology is witnessing increasingly combined with network and IT infrastructure however, businesses are slowly realizing the importance of being able to monitor as well as maintain this capability centrally. The communication environments are also getting more complex, which increases the need for visibility into several aspects of these systems and cohesively manage them. IT managers are searching for various new ways to automate the process of issue identification so as to keep their communications systems current, secure as well as effective. Audio communication is a major tool for businesses to maintain their competitiveness in the global market. It helps companies to adhere with the risk and compliance management obligation, improve the operations quality as well as augment the overall productivity.

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Audio communication monitoring providers deliver the customers with independent audio monitoring as well as analysis solutions and supporting services in order to maintain the organization’s focus solely on their core operational activities. The demand for audio communication monitoring is also increasing among organizations due to the advent of advanced governance and, risk and compliance frameworks which they need to follow. Currently, audio communication monitoring solutions, in the form of alarm surveillance monitoring, voice biometric solutions, media monitoring, and mobile communications monitoring systems has helped the organizations to continuously and effectively analyze the audio content so as to gain better insights, further improving the agent and the customer relationship.

The increasing need for receiving real-time insights from the call records and communication data, converting it into structured form across the organization is significantly contributing to the growth of audio communication monitoring market. Also, audio communication monitoring systems reduce the initial investment and operational cost, and thus it has a growing demand from SMBs, further driving the market growth globally. The task of listening to live calls is time consuming and needs more time for supervision and management, which is another important factor swaying the global audio communication monitoring market growth.

Furthermore, with the rise of technically advanced solutions, the risk of cybercrimes, telemarketing frauds, as well as phone hacking has increased in a considerable manner. In order to monitor and control such misdemeanors, the use of audio communication monitoring devices has significantly increased swiftly in the recent past. The adoption by law enforcement agencies has further increased the growth of this market. BPOs and call centers are the key customers of audio communication monitoring system.

Due to this increasing demand, the audio communication monitoring solutions providers are coming up with innovative solutions in order to gain competitive advantage in the market. These companies are helping large enterprises as well as SMBs to implement audio communication and provide quick insights on the fluctuating business conditions. In February, 2015, Tata Communications launched RoamPulseTM platform, which is a real-time roaming intelligence service that enabled the mobile network operators to enhance their customers’ roaming experience. It also provides real-time monitoring, reporting as well as alarming of the roaming traffic and resolves the problem of undetected roaming issues.

The key participants of audio communication monitoring market include IBM Corporation, Cisco Systems, Inc., NICE Systems Limited, Tata Communications Ltd., Nectar Services Corporation, Nexidia, Inc., Intelligent Voice Ltd, Fonetic Solutions, and Behavox Ltd.

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