Next Generation Biometrics Market – Emerging Technology, Industry survey and Analysis 2024

The identification and security systems deployed across organizations have evolved a great deal in the past few years. Many recent advances introduced in these systems have considerably benefited businesses worldwide in fortifying their security. Next generation biometrics is one such technology that has been witnessing rising demand around the world.

Biometrics technologies are automated methods used for verifying and authenticating the identity of a person based on behavioral or physical characteristics such as fingerprints, voice patterns, vein and signature patterns, facial patterns, hand measurements, and eye retina and iris. Biometrics has emerged as a popular method of verifying the identity of a person under surveillance. The basic premise of the technology is based on the fact that every person is unique and it is possible to identify him/her by the intrinsic physical or behavioral traits.

Next generation biometrics has gained incredible popularity in the last few years, mainly because of the favorable government initiatives adopted globally to restrict illegal entry. The technology has also gained impetus from the introduction of e-passports and its increasing use in criminal identification. Furthermore, the growing use of biometrics in cloud computing and e-commerce solutions is expected to provide lucrative opportunities for the global next generation biometrics market.

This multi-billion dollar market is anticipated to further gain from the rising applications in the travel and immigration industries. Over the report’s forecast period, the market is poised to exhibit an impressive CAGR. The report a comprehensive overview of the next generation biometrics market, presenting insights into the key drivers and restraints impacting the market’s growth.

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Next Generation Biometrics Market: Key Opportunities and Threats

The next generation biometrics technology offers a high degree of privacy, accuracy, ease of use, interoperability, and uniformity across the system. The growing awareness about the benefits offered by biometrics has been crucial in driving the market for the technology behind it. Furthermore, biometric technology enables storage of information in the digital format, which is nearly impossible to decipher and reconstruct.

Owing to its exceptional features, the next generation biometrics technology finds use across varied applications ranging from health care, government, defense, and border security to commercial security, travel and immigration, and banking and finance. The increasing government funding for deploying biometric technology across various economic sectors has been a major factor boosting the global next generation biometrics market.

Despite witnessing widespread application across various sectors, the high cost incurred in deploying the system and the risk of privacy intrusion are a few factors inhibiting the growth of the market. Nevertheless, the increasing use of the technology in ecommerce and cloud computing is estimated to provide considerable growth opportunities for the market.

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The global next generation biometrics market has been classified on the basis of type into fingerprint recognition, face recognition, iris recognition, voice recognition, palm print recognition, vein recognition, and signature recognition. Based on application, the market has been segmented into banking and finance, government, travel and immigration, defense, government, health care, electronics, commercial security, home security, and other applications. Regionally, the market has been segmented into Asia Pacific, North America, Europe, and Rest of the World.

Next Generation Biometrics Market: Vendor Landscape

In order to study the prevailing vendor landscape of the market, the report profiles players operating therein such as Fujitsu Ltd., 3M, Fulcrum Biometrics, and Cross Match Technologies, Inc. Strengths and weaknesses of companies profiled are determined using the SWOT analysis. The analysis also includes the opportunities and threats that these companies may face during the forecast period.

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Smart Irrigation Market – A cutting-edge technology,industry survey and new business opportunities 2024

The amount of agricultural output is expected to grow till 2030, says a report by the Food and Agriculture Organization. With a projected growth of 1.4% in the aggregate crop production worldwide, the demand for supplies and solutions from industries working in the periphery of the agricultural sector is expected to rise. However, this does not necessarily mean that land under cultivation will rise dramatically. If anything, the agriculture industry will have to find ways to optimize productivity from a given piece of land as the urban sprawl occurs at the cost of arable land.

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This lays a solid foundation for the growth of the smart irrigation market. Companies in the market are helping farmers maximize yields through judicious usage of water. Smart irrigation is a relatively new concept in the agriculture sector. It entails the controlled use of water by scheduling the irrigation cycle at specific times of the day by using sensors and water flow controllers. By automating the run times of the irrigation system, it is possible to not only curb the amount of water used on a field, but also make sure that plants receive precise levels of water.

There are many benefits that farmers can expect when they invest in a smart irrigation system. Some of these include automatic shutoff of the irrigation system when it is raining, increase in the amount of water supplied when temperatures soar beyond a specified limit, and considerable savings in the amount of water used for irrigation.

In order to achieve these functions, a myriad of sensors are used in smart irrigation systems. These include soil moisture sensors, ambient humidity sensors, and temperature sensors. Flow meters and other network elements are the other important components in the market.

Global Smart Irrigation Market: Drivers and Trends

The global smart irrigation market features advanced systems that can be integrated with weather data systems to anticipate the amount of water required on a field over a particular period. This advantage of smart irrigation systems will aid the market’s growth during the forecast period. The market can be broadly segmented on the basis of smart irrigation hardware, sensors, and network components.

It is expected that the valuation of the global smart irrigation market by hardware will surpass US$ 1 Bn by the end of 2024. Much of the growth reported by the market will occur as a result of heightened awareness regarding water conservation. Moreover, the agricultural community worldwide is taking issues such as resource wastage and per-hectare productivity seriously. This has led to greater willingness among farmers to adopt technologies that can help them meet this end.

Demand for sensors is expected to remain the highest in theglobal smart irrigation market by hardware and components. The other reason for increasing sales of sensors for smart irrigation is that they help farmers identify the levels of various nutrients in the soil. Issues such as water logging can also be efficiently and swiftly identified with the use of sensors.

While the use of smart irrigation is seen in non-agricultural applications such as on golf courses, for landscaping and turf development, and in the residential sector, it is the agriculture application segment that will exhibit the highest demand for smart irrigation systems.

Global Smart Irrigation Market: Region-wise Outlook

Demand for smart irrigation has been rising consistently in North America. This is attributable to the emphasis of governments in the U.S. and Canada on the planned use of natural resources and greater awareness about environmental issues. With subsidies and rebates available to those implementing optimal resource utilization techniques, the adoption of systems such as smart irrigation is projected to rise in the region. Companies offering smart irrigation hardware and network components in line with these developments include The Toro Company, Rachio Inc., Baseline Inc., Rain Bird Corporation, and Calsense.

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Intelligent Electronic Devices Market Size, Industry Trend and Forecast 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.

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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Earphone Market – Forecast on Market Dynamics, Emerging Trends, Growth Factors

Earphones are a pair of small hearing devices that are designed to be fitted in a user’s ears, facing the ear canal. They are electroacoustic transducers through which the electrical signal is converted into a corresponding sound. They are typically designed to enable a single user to listen to an audio privately, unlike the loudspeakers, which produces sound in open air, for anyone to hear nearby. Earphones are portable device and are convenient, however some people consider them uncomfortable and prone to falling out.

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The earphones consist of separate units that are plugged into the ear canal of the users. In the terms of telecommunication, a headset is a combination of earphone/headphone and microphone. They either connect directly to an audio amplifier, CD player, radio, portable media player, mobile phone, electronic musical instrument, video game consoles or use wireless bluetooth technology. Earphone consists of different audio imitation quality capabilities. The headsets used for telephone cannot reproduce sound with highly reliable expensive units that are designed for listening music.

Using earphones at a high volume level may lead to permanent or temporary hearing damage or deafness. The sound volume has to compete with nearby background noise, especially in places such as subway, railway stations, aircraft, as well as in large crowds. Some portable music devices manufacturers have tried to introduce safety circuits in order to limit the output volume and warn the user when the volume used is at dangerous level. However, this concept has been rejected by majority of public who favor their personal choice of volume.

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Earphones exhibit high consumer adoption rate during workouts, travelling, etc. which has escalated their demand in the recent years. Other factors such as rising disposable income, products integrated with enhanced noise annulment capabilities may swell the earphones market demand during the forecast period. Further, earphone market is composed for high growth owing to its short replacement cycle, which is attributed to growing consumer needs, functionalities and loss or damage. The use of portable music systems, such as tablets, smartphones and handheld music players, is significantly growing in the market which in turn, is driving the market for earphones currently. In the recent years, various technological advancements in earphones have led to minimizing of the overall size and weight of earphones.

The key developments in wireless technologies such as bluetooth, Wi-Fi, Infrared (IR) and SKAA are expected to further increase the growth of the earphone market. The demand for earphones is strong in corporate sector, mainly in the expanding call center industry. The growing adoption of VOIP services for video conferencing is also behind the increasing demand for earphones from the corporate sector. Proliferation of various e-commerce websites, along with competitive pricing is further anticipated to swell the sales of earphones via online store during the coming years.

The major participants in the global earphone marketinclude companies such as JVC Corporation, Sony Corporation, Sennheiser Electronic GmbH & Co. KG, Bose Corporation, Apple Inc., Harman International Industries, GN Netcom A/S (Jabra), Plantronics Pty Ltd., Audio-Technica Corporation, and Philips Electronics Ltd.

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Social Media Messaging Market – Industry Analysis, Growth and New Market Opportunities Explored

Social media messaging is a communication medium integrated with social networking platforms. Social media offers a platform to share information, news, and trends with your connections across the globe. Social media messaging is an instant messaging service which helps to connect with the people including friends, colleagues, and others in a better way than conventional messaging. In social media messaging services, message can be presented in multiple formats including, text, voice, photos, and videos.

Currently, companies are primarily focused on social media messaging services to advertise their products and increase brand awareness. In addition, social media messaging provides a platform for lifelogging, payments, gaming, media, and other services.

Social Media Messaging Market: Trends and Growth Propellers

In the past decade, communication has changed from conventional text to multimedia messaging. The increasing internet penetration plays a key role in the rapid growth of social media messaging. The penetration of various messaging services is increasing over the time due to advancement in mobile data network technologies such as 4G, and 5G provided by internet service providers.

Furthermore, the cost of social media messaging is much lower than conventional messaging services provided by mobile operators. Thus, a consumer prefers social media messaging service over conventional messaging. In addition, companies are using social media messaging services to increase brand awareness about their products and services.

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Governments across the world focus on monitoring social media messaging services to keep track of erupting political movements, crises, and epidemics in unlawful activities. Likewise, social media messaging companies are introducing innovative design, and transformation in messaging platforms to increase the adoption. These factors are expected to drive social media messaging market over the forecast period. However, increasing inappropriate messages, and false informations are affecting the transparency of the social media messaging. Furthermore, lack of internet penetration and unavailability of technology in a number of developing regions is expected to impede the growth of social media messaging.

Social Media Messaging Market: Segmentation

The social media messaging market is segmented by platform, message type, age group, and geography. By platform type, the social media messaging market is segmented into web application based, and mobile application based messaging. By message type, this market is segmented into instant messaging, and non-instant messaging. Based on the use of social messaging, social media messaging market is segmented by age group into 18 – 29, 30 – 49, and above 50.

On the basis of geography, the social media messaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Among these regions, North America and Europe have been witnessing high growth in the social media messaging due to high internet penetration, improved mobile technologies such as 5G, and adoption of social media platforms.

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However, Asia Pacific and Middle East & Africa are expected to see large scale adoption of social media messaging in the coming years. This is primarily due to increasing awareness of social media messaging applications, and adoption of social networking platforms and services led by slow but steady growth in internet penetration.

Social Media Messaging Market: Key Companies

In this rapidly changing social lifestyle, multiple messaging platforms are launched by different companies. These companies include Facebook, Inc., Tencent, Inc., Twitter, Inc., LINE Corporation, VNG Corporation, Microsoft Corporation, Kakao Corporation, BlackBerry Ltd., Kik Interactive, Inc., and Telegram Messenger LLP.

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High Resolution Dispensing Systems and Equipment Market: Growing Number of Application to Bode Well for Growth

The worldwide market for high resolution dispensing systems and equipment is generally divided, with the best five organizations representing an aggregate offer of about half of the general market in 2015, watches a current report by Transparency Market Research. These organizations, including Besi, Illinois Tools Works, Inc., Nordson Corporation and are more centered on item development and headway in innovation to reinforce their positions in the highly aggressive market.

As per Transparency Market Research (TMR), the worldwide high resolutions dispensing systems and equipment market is relied upon to be worth US$3.09 bn before the finish of 2024 from US$1.8 bn in 2015. The worldwide market is foreseen to surge at a CAGR of 6.3% amid the gauge time of 2016 and 2024. The worldwide market is probably going to be driven by the automotive sector in the coming years at a 3.4% CAGR. The demand for automotive dispensing systems will stay high due their points of interest, for example, enhanced efficiency and diminishment in disappointment. As far as region is concerned, North America is relied upon to hold a predominant offer in the worldwide market. The open doors in this provincial market is probably going to be worth US$864.0 mn before the finish of 2024.

Increasing Demand crosswise over Electronic Industry to Accelerate Adoption  

The worldwide high resolution dispensing systems and equipment market is principally determined by components, for example, the expanding use of these equipment in the electronic business and the expanding demand for exactness and accuracy underway procedures over a large group of ventures. High-resolution dispensing systems and equipment find broad utilization in electronic applications, for instance, gasketing, electronic get together, protecting, and plastic holding, mostly attributable to their high level of exactness and accuracy.

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The joining of mechanization over a few ventures, for example, car, oil and gas, aviation, and protection is likewise anticipated that would fundamentally add to the development of the high resolution dispensing systems and equipment over the globe in the coming years. These enterprises require dispensing framework for enhancing their generation quality. Programmed high resolution dispensing systems help anticipate material dispensing in the wrong area, along these lines expanding the general profitability, decreasing expenses, and bringing down the odds of part disappointment of high-end machines.

Cost and Design Constraints of High Resolution Dispensing Systems and Equipment to Obstruct Growth

High resolution dispensing systems and equipment are generally more costly than ordinary dispensing systems and equipment as they include the most recent progressions in the handling innovation. The high expenses acquired by organizations for undertaking innovative work of cutting edge item assortments add to the base cost of these systems and equipment. Notwithstanding the high base expenses of high resolution dispensing systems and equipment, their highly complex nature demands convenient upkeep, which again adds to the general cost of their operation.

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These components altogether confine the market’s development prospects, with for the most part of the developed economies equipped for managing them. This situation obstructs the market’s prospects of extension over the high development potential however cost-touchy mechanical segment in creating economies crosswise over Asia Pacific and Latin America.

All things considered, the market has huge development openings crosswise over enterprises, for example, therapeutic gadgets and sun oriented power age. The assembling of therapeutic gadgets requires mechanized and semi-robotized dispensing systems fit for offering highly repeatable and precise dispensing of glues, for which, high resolution systems could end up being perfect. In sunlight based applications, high resolution dispensing systems and equipment could help enhance the life span and nature of vitality delivering systems.

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Pet Wearable Market: Pet Safety Concerns; Innovations in Technology to Provide Growth Opportunity

The global pet wearable market is prognosticated to showcase immense growth in the coming years. Transparency Market Research (TMR) recently published a report predicting the complete landscape of the pet wearable market. The vendors present in the industry are highly competitive and are expected to adopt strategic expansion to monetize upon the industry gains. There are a number of companies vying for the top spot such as PetPace Ltd, DeLaval Inc., Bedap N.V., IceRobotics Ltd., and Loc8tor Ltd. The current devaluation in the costs of associated gadgets is a key factor in charge of the solid development of this market.

The report authored by TMR prognosticates the worldwide pet wearable market to exhibit a vigorous CAGR of 12.0% between 2016 and 2024, the forecast duration. The market, which stood at US$1.0 bn in 2016 is expected to reach a valuation of US$2.5 bn by 2024. North America and Europe are anticipated to dominate the market with about two-thirds of the market share in their hands. The percolation of Internet of Things into a plethora of technologies could be responsible for rise of location-based and tracking applications.

Rising Demand for Pet Tracking to Boost Worldwide Market

The rising selection and use of therapeutic diagnostics for pets is anticipated to drive the market over the forecast duration. Medical tagging of pets, animals, and endangered species is counted upon to gain momentum and significance. Moreover, IoT is predicted to profoundly affect restorative finding and medicines. Growing awareness for the remote observing, distinguishing proof and tracking, and conduct checking and control of pets are expected to fuel demand throughout the upcoming years. Usage of GPS-based screens, cameras, and wellbeing trackers that utilization application innovation for acquiring ongoing updates on buyer gadgets is anticipated to be a pivotal market driver.

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The rising interest for wellbeing and security, ongoing situating and development in mapping entries with the expansion infiltration of cell phones are anticipated to invigorate the GPS innovation demand in pet wearable gadgets.

Technological Innovations to Provide Impetus to Market Upswing

The global pet wearable market is prognosticated to witness immense opportunities for growth in the coming years. The current devaluation in the costs of associated gadgets is a key factor in charge of the solid development of this market. The Internet of Things (IoT) interfaces include billions of gadgets and sensors to create inventive applications. The IoT correspondence fundamentally associates different gadgets, for example, cell phones, portable PCs, and tablets, with individuals and groups of people. This association additionally sends information to the unified server through systems, for example, remote neighborhood (WLAN), RFID, and Bluetooth. At present, some minimal effort remote sensor hubs are being utilized as a part of IoT frameworks. These hubs are anything but difficult to convey and can be controlled and observed from remote areas. They likewise incorporate low power radio and power administration systems for consistent operation. Thusly, these sensors have turned into an essential piece of the IoT innovation in numerous applications including the smart pet wearables.

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Another key factor influencing growth of the pet wearables market is the rising utilization of computerized maps by cell phone producers. It has been deduced that the use of advanced maps has been growing altogether over businesses including the pet wearable market. Versatile applications created with inbuilt computerized maps recover data from pet tracker gadgets to track the area of their pets if lost or stolen. For instance, Tractive forms applications and online networking stages alongside pet wearables to build up a biological system for pet proprietors. The organization offers Tractive GPS 2, which gives constant following component by utilizing various sensors, for example, movement, encompassing temperature, and light.

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