Tuesday, 6 March 2018

High Penetration of IoT Nurtures Growth of Global Smart Rings Market

  March 06, 2018    No comments
Transparency Market Research (TMR) observes that competition in the global smart rings market is slated to intensify in the coming years due to the strong presence of several players. To stay ahead of the cut-throat competition, players are focusing on product innovation such as rings enabled with next generation NFC and better payment technologies. Some of the leading players in the market are McLear Ltd., Logbar Inc., Fujitsu, and Moodmetric.
According to the research report, the global smart rings market is likely to be worth US$11.44 mn by the end of 2025 from US$1.67 mn in 2016. During the forecast years of 2017 and 2025, the global market is expected to progress at a CAGR of 24.0%. Out of the three operating systems, the android operating system segment held a dominant share in the global market. This segment is expected to acquire a share of 57% in the global market by the end of 2025 due to the growing popularity of android smartphones. From a geographic point of view, the global market is likely to be led by Asia Pacific as emerging economies are slated to be key consumers of smartphones. Analysts expect that the Asia Pacific region is likely to surge at a pace of 25.1% in the global market over the forecast period.
The global smart rings market has been flourishing due to major advancements in technologies such as Internet of Things (IoT) and its acceptance. The new-age smartphones that come with smart watches and rings for receiving emails, messages, phone calls, and notification about posts on social networking sites have augmented the growth of the global market. The incredible support offered by IoT to these functionalities has been a great boon to the global market. In the coming years, the ability of smart rings to store incredible amount of data such as text messages, emails, phone calls, authentication and access control details, and payment details is anticipated to favor market growth in the near future.
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The growing disposable income of the younger population and the increasing awareness about better technologies have been instrumental in shaping the future of the global smart rings market. Analysts anticipate that demand for smart rings will remain persistent in the healthcare sector. Both patients and physicians are expected to show a significant demand for smart rings are these held in monitoring heart beats, pulse rates, and blood pressure levels, which could be signs and symptoms of a larger ailment. The increasing health risks due to poor lifestyles have augmented the demand for smart rings to ensure prevention instead of cure.
Lack of Interest from Big Players becomes Challenge for the Global Market
The high dependency on battery has been identified as a key challenge for the global smart rings market. The inconvenience of charging smart rings with dongles or cables has made the experience of using them unenjoyable. Furthermore, the market still continues to be in its nascent stage and is long way to go before it evolves thoroughly. Owing to these reasons, several big players are refraining from making heavy investments in this market, which has also been assessed as a limiting factor.
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Monday, 5 March 2018

Workspace as a Service (WaaS) Market – Education and Healthcare Sectors to Create Promising Growth Opportunities

  March 05, 2018    No comments
The global market for workspace as a service (WaaS) is moderately consolidated, with the top three vendors, VMware, Inc. Citrix Systems, Inc., and Amazon Web Services, Inc., collectively accounting for a revenue share of nearly 57% in the global market in 2014, states TMR in a recent report. The market features an extreme level of competitiveness, with large companies persistently investing funds to expand their WaaS solution portfolios while small- and medium-scale companies gaining increased control of regional markets by introducing innovative and economic solutions.
The scenario, however, has led to the growth of a vast number of viable acquisition opportunities that could enable large vendors in becoming a dominant force in the global WaaS market. Key vendors in the market have been able to carefully exploit these opportunities and combine their existing strengths with smaller companies having excellent product offerings or technological prowess. The acquisition of Framehawk, Inc., a company known for its Lightweight Framebuffer Protocol that is created to work on inconsistent, high-latency networks, by Citrix Systems, Inc. in January 2014 is one such instance.
Transparency Market Research states that the global WaaS market, which held an opportunity of US$7.4 bn in 2014, is expected to expand at an excellent CAGR of 12.10% over the period between 2015 and 2022. Growing at this pace, the market is projected to rise to US$18.3 bn by 2022.
Constantly Transforming Work Environments Compel Adoption of WaaS Solutions
Globalization, increased integration of mobile computing devices in corporate networks, increased level of digitization of workplaces, and the vast and continuous transformations in work environments triggered by these trends increase the overall complexity of corporate networks. The software patches and upgradations required to effectively manage such changes are highly capital and resource intensive. As a way to limit the overall rise in costs and space that such transformations and expansions prompt, companies are preferring to deploy an increased number of services as workspace as a service solutions.
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Along with this, the rising trend of enterprise mobility and adherence of practices such as bring-your-own-device (BYOD) is also fueling the need for adopting WaaS solutions across enterprises. A vast variety and numbers of mobile computing devices are being used on a frequent basis by employees to access corporate data. The capability of effective WaaS solutions of seamlessly allowing employees to access their work desktops from a remote place using their personal computing devices is increasingly becoming a necessary part of carrying out every day work across many organizations.  These factors are expected to have a substantial positive impact on the overall development of the global WaaS market over the period between 2015 and 2022.
Network Bandwidth and Infrastructure Limitations to Hamper Growth
The overall global adoption of WaaS solutions is largely reliant on the quality and speed/bandwidth of communication channels and digital infrastructure necessary for the implementation of workspace as a service solutions. As networking infrastructure is not fully and equally developed across the globe, the limited availability of the bandwidth necessary for a WaaS solution to function properly may hamper the overall growth prospects of the global WaaS market in the near future.
Desktop as a Service To See Considerable Demand
In terms of product type, the segment of desktop as a service is presently the dominant contributor to the global market’s overall revenues. In 2014, the segment contributed US$2,959.3 mn to the global market. It is also expected to remain the dominant product type over the next few years, in terms of revenue contribution. However, the segment of application as a service is expected to emerge as the most promising product variety, expanding at a CAGR of 27.7% from 2015 through 2022. The banking, financial services, and insurance (BFSI) industry is presently the most prominent end-use industry, contributing US$2.25 bn to the global market’s revenues in 2014. North America leads in terms of geographical segmentation of the global WaaS market.
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Wearable Sensor Market: Rising Adoption of Multifunctional Smart Devices in Monitoring Wellness among Populations Bolsters Uptake

  March 05, 2018    No comments
Some of the leading players operating in the global wearable sensor market are NXP Semiconductors N.V., InvenSense, Inc., Infineon Technologies AG, Freescale Semiconductor Inc., Panasonic Corporation, Broadcom Corporation, and Analog Devices, Inc., notes Transparency Market Research (TMR). In the recent few years, several top manufacturers have been focusing on adopting advanced sensor technology to develop smarter wearable devices that can be used in a wide range of applications areas, observes TMR. The advent of smart watches and intelligent consumer devices has opened up lucrative avenues for market players, which is expected to intensify the competition in the coming years.
The worldwide market for wearable sensor is predicted to rise at a substantial CAGR of 45.20% during 2014–2020. The market stood at a valuation of US$70 mn in 2014.
Wearable Image Sensors to Witness Substantial Demand
Based on product type, the wearable sensor market is segmented into motion sensors, medical based sensors, pressure sensors, temperature sensors, image sensors, and position sensors. Of these, the wearable image sensor segment is projected to rise at the leading CAGR over the forecast period. The impressive growth of the segment is primarily attributed to their substantial applications in mobile devices in the area of infotainment and defense.
Based on geography, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Of these, the North America market for wearable sensor held the leading share of in 2014 and is anticipated to rise at an impressive pace over the forecast period.
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Reducing Average Price of Wearable Sensors Unlocks New Opportunities
The growing number of applications of sensors in a variety of smart wearable devices, primarily to monitor and track several health parameters, is a key factor driving the wearable sensors market. Wearable smart devices have gained traction in the healthcare industry useful for the monitoring of various parameters such as blood pressure, heart rate, and body temperature. The increasing focus of populations about managing their health and fitness in real time has boosted the demand for wearable sensors in making smart devices. The growing popularity of proactive monitoring of patient data among healthcare providers to prevent life-threatening complications has further bolstered the uptake of wearable sensor technology.
However, the mounting security and compliance concerns in smart wearable devices has hindered their adoption, which is likely to impede the wearable sensor market to an extent. Nevertheless, the rising efforts by manufacturers in the integration of wearable sensors with multifunctional smart devices is a key trend expected to accentuate the market. The growing focus of leading technology players such as Google and Microsoft in developing sophisticated devices bodes well for the wearable sensor market. In addition, in the coming years, the cost of raw materials used in manufacturing smart devices is likely to reduce, thereby increasing the penetration of wearable sensors. In addition, recent advancements in manufacturing methods, such as 3D printing, has opened up new avenues of growth for market players.
Recent mainstreaming of fitness bands and smart watches among consumers in various developing and developed regions has catalyzed the growth of wearable sensor market. Furthermore, substantial research in sensor and recent design innovations in smart wearable devices are crucial factors expected to unlock exciting opportunities for market players in the coming years.
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Anti-counterfeit Pharmaceuticals Packaging Market – Industry Trends and Forecast to 2024

  March 05, 2018    No comments
Counterfeiting is gravely impacting the pharmaceuticals industry by causing substantial losses in terms of revenue and credibility. Counterfeit pharmaceutical products, labelled with the names of original and legitimate product manufacturers are entering local markets globally. This has become a matter of serious concern for pharmaceutical companies, and the threat of lawsuits is a constant worry. Players in the pharmaceutical industry around the globe are increasingly working on ways to stop counterfeit products from penetrating the markets in order to prevent negative impact on their sales revenue and brand image.
Counterfeit pharmaceutical products are so very well packed that normal identification techniques are unable to differentiate between legitimate or original packaging and counterfeit ones. These products then end up being sent to the retail market for sale. Forged products, due to sub-standard quality, pose severe health concerns among consumers, which results in steadily diminishing brand image of original products. 
Each year, multi-million dollar losses are incurred by players in the global pharmaceutical industry due to presence of counterfeit products in their supply chain. Pharmaceutical products are one of the basic needs of consumer and this high need for medication invariably results in them coming in contact with counterfeit products due to the abundant availability of such products in local markets. 
Anti-counterfeit pharmaceuticals packaging has emerged as one of the most effective solutions to limit counterfeiting in the pharmaceutical industry. Growing incidence of counterfeiting in the pharmaceutical industry is resulting in increasing demand for anti-counterfeit pharmaceuticals packaging. This market is expected to expand at a significantly high growth rate over the forecast period as a result. 
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Global Master Data Management (MDM) BPO Market to breach US$13.0 bn mark by 2025

  March 05, 2018    No comments
A recent business intelligence study by Transparency Market Research (TMR) has notified that the master data management (MDM) BPO market is primed for a prosperous future. And while the global shares are moderately consolidated among a small pool of players, regional players are mushrooming too, which in turn is upholding collaborations and acquisitions as some of the key strategies for the major players to maintain their stronghold. Some of the prominent players in the global MDM BPO market are Accenture, Reltio, Riversand, Capgemini SE, Informatica Corporation, Tibco Software, Stibo Sysytem, Inc, Spacepage, Almaviva, Atos SE, Almaviva, and Tata Communication Services, Ltd. In addition to geographical expansion via partnerships, a number of major players of this market are also focused on growing organically, developing new products that can lure a greater chunk of customers.
As per the projections of the TMR report, the demand in the global master data management BPO market will expand at a robust CAGR of 13.4% during the forecast period of 2017 to 2025. The analysts have evaluated that the opportunities in the MDM BPO market translated into a revenue of US$5,030.9 mn in 2017, and estimated the valuation to swell up to US$13,717.0 mn by 2025.
Based on component, the report segments the master data management BPO market into software including on-premise and cloud and services, which has been further bifurcated into system integration, consulting, master data management services, and operation and maintenance. On the basis of solutions, the market has been categorized into product data solution, multi-domain MDM solution, and customer data solution. The report also takes stock of the potential of demand for MDM BPO that can be expected from the end use industries of banking, financial services, and insurance (BFSI), automotive, manufacturing, IT and telecom, retail, and others. Geographically, North America has been highlighted as the most profitable region, followed by Europe. However, the region of Asia Pacific is projected to experience expanding demand at a much stronger CAGR during the forecast period of the report.
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Quite a few factors are behind the impressive growth of the global master data management BPO market, but none bigger than the indispensable need to have a process of centrally managing data.  With growing adoption of new and technologically advanced automation methods across various enterprises to improve efficiency, the need to manage huge data is also continuously increasing.
Consequently, a tool or software is the required that can be customized with the changes seamlessly. Furthermore, increase in need for compliance and verification and escalating demands for data quality and operational excellences is driving the master data management BPO market. Data breach is an important consideration for organizations due to the increasing number of cyber-attacks in recent years.
Security Concerns Obstructing Market’s Prosperity
On the other hand, MDM BPO services encounter security threats and are vulnerable to cyber-attacks. Additionally, lack of awareness is another restraint reflecting negatively over the market. However, in the past few years, master data management has witnessed substantial advancement with the emergence of the Internet of Things (IoT), which is revolutionizing many information technology and being used by a wide range of industries.
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Organizations are ramping up their investment in the IoT technology, as it offers various advantages in the sectors of global networks, big data analytics, and cloud computing. A numbers of startups have also been mushrooming across the globe too, which would further boost the market during the forecast period.
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CCTV Camera Market – Dome Cameras to Grow at Healthy Clip due to Investments

  March 05, 2018    No comments
The global CCTV camera market is witnessing a wave of consolidation on account of mergers and acquisitions. Another noticeable pattern in the market is the high concentration of manufacturers in the U.S. and Asia Pacific. Most of them are pouring money into development of new and better products to outgun their competitors.
Some of the prominent participants in the global CCTV camera market are Axis Communications AB, Bosch Security Systems, Inc., Geovision Inc, Hangzhou Hikvision Digital Technology Co Ltd, Hanwha Techwin Co. Ltd, Honeywell International Inc., Panosonic System Network Co. Limited, Pelco Inc, Toshiba Corporation, and Zhejiang Dahau Technology Co. Ltd.
As per a report by Transparency Market Research, the global CCTV camera market is slated to expand at robust 12.7% CAGR during the period between 2017 and 2025 to become worth US$23.32 bn by 2025.
Depending upon the type of model, the global CCTV camera market can be segmented into PTZ camera, box camera, dome camera, bullet camera, etc. Of them, the segment of dome camera leads the market and in 2016 its leading share came to about 45% share in 2016. The segment is expected to grow at a healthy clip in the years ahead as well on account of the investments in its technology.
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Geographically, the key segments of the global CCTV camera market are North America, South America, Europe, Asia Pacific, and the Middle East and Africa. Of them, Asia Pacific is a market leader and will likely remain so in the years to come as well. This is primarily on account of the low priced CCTV camera systems, manufactured mainly in China, which gives tough competition to higher priced products from other regions. The TMR report predicts the market in Asia Pacific to expand at 14.6% CAGR from 2017 to 2025.
At the forefront of driving growth in the global CCTV camera market is the burgeoning modern retail outlets and hospitality sector where surveillance becomes important in order prevent shoplifting and also to keep a tab on other activities of attendants and customers. Besides, increasing need for surveillance to tackle security issues is also having a positive impact on the market. Rising threat of terrorism and other geopolitical problems have had a direct bearing on the sales in the market.
Technological Advancements Stoke Market Growth
Another factor majorly fuelling the global CCTV camera market is the technologically advanced cameras with better image quality and other functionalities. Adds the lead analyst of the TMR report, “Digitization in the surveillance market has led to the emergence of effective CCTV cameras having integrated solutions. On account of gigantic strides made in the domain of technology, various types of CCTV cameras are available in the market that differ on the basis of model types and technology. The software and hardware integrators of CCTV cameras are engaged in offering effective design and installation facilities to their customers.”
Robust investments in research and development initiatives have had a positive impact on the growth of CCTV camera market worldwide. The CCTV camera market is governed by technology advancements in the areas of software, hardware, service, and maintenance.
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Desiccant Wheel Market – Silica Gel to Retain Position as Dominant Desiccant Variety

  March 05, 2018    No comments
The global desiccant wheel market is highly competitive in terms of products and services offered, observes Transparency Market Research (TMR) in a recent report. Key players in the market, including Munters AB, which earned nearly 33% of its revenues from sales of desiccant wheel products and solutions in 2015, focus on differentiating their offerings from those of their competitors and adding innovative products and services in their portfolio. “With the presence of many smaller players in the market, partnerships have become crucial for success,” states a TMR analyst. Other notable vendors in the market are NovelAire Technologies, Trane, DRI, Proflute AB, Rotor Source, Inc., Seibu Giken DST AB, and Flakt Woods Group.
TMR estimates that the market holds immense growth opportunities and will tread along a healthy growth path over the period between 2016 and 2024. The market is expected to exhibit a nearly 5% CAGR over the said period, rising from a valuation of US$296.5 mn in 2015 to US$ 463.0 mn by 2024. Of the key desiccants used in desiccant wheels, the segment of silica gel dominated by a sizeable margin, holding a 68% of the overall market in 2015.
From a geographic perspective, North America led the global market in 2015 and is also expected to remain one of the most attractive regional market over the forecast period. Market in Asia Pacific, however, is expected to outpace North America owing to the high concentration of operations units of several key end-use industries.
The increased emission of carbon and other greenhouse gases such as nitrous oxide and methane owing to the rapid pace of industrialization has resulted in a rise in temperature levels globally. These drastically rising levels of temperature are resulting in higher concentrations of humidity in the atmosphere. According to NASA’s Goddard Institute for Space Studies (GISS), 2015 was ranked as the warmest year on record.
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Also, increased temperatures are resulting in an increase in surface humidity. These factors are driving the heightened need for dehumidification equipment across multiple industries, such as food and beverages, chemicals, and pharmaceuticals. With increased humidity levels, the amount of moisture absorbed by desiccant wheels increases, which in turn reduces their lifespan and drives the need for additional desiccant wheels across key end-use industries. This factor is expected to have a significant positive impact on the overall development of the global desiccant wheels market over the forecast period.
The market is also expected to be driven by the rising demand for energy efficient heating, ventilation, and air-conditioning (HVAC) equipment in the next few years. HVAC equipment could be extremely costly. In order to reduce the cost of overall HVAC systems with low energy consumption and operational intelligence, desiccant-wheel-based dehumidification systems are preferred by consumers.
Low Performance at High Temperature and Humidity Level to Hamper Market Growth
One of the key issues with desiccant wheels is that they cannot operate at full potential in high levels of temperature and humidity. In such situations, the performance of desiccant wheels is drastically affected and the increased need for replacement with new equipment is felt. This factor is expected to have a sizeable negative impact on the overall development of the global desiccant wheel market in the next few years.
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Pungent smells from sources such as cigarettes and building materials get stored in desiccant wheels along with the moisture it adsorbs from the surrounding air in a vicinity. When the desiccant is reheated to remove adsorbed moisture during the regeneration process, it also results in the heating up of the odor previously stored, producing a stronger odor. This could sometimes result in unhealthy atmospheres for people working around.
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Collagen Market-By Source (Pig, Poultry, Cow, and Marine), By Product (Natural, Hydrolyzed and Gelatin), By Application (Cosmetics, Healthcare, Food and Beverage), and By Region-Forecast 2022-2031

SDKI Inc. published a new report on the collagen market on January 25, 2022.  This study includes the statistical and analytical approaches ...