Smart Bottle Market – Increasing Demand from Tech-savvy Customers to Augment Market Growth

The global smart bottles market is at a very nascent stage and is seen to be highly fragmented and largely dynamic. The global market is influenced by technologically advanced features of connectivity and innovative products. Leading players in the global market for smart bottles such as Thermos LLC, Spiritz, Adheretech Inc., and Myhydrate each accounted for less than 5% of the all-round revenue generated by the market across the globe in 2016.

Domestic and regional players have projected to witness vast opportunities of growth in regional areas on account of less strict regulations and rules associated to features and quality included in products compulsory for sale. Manufacturing of cheaper products with new features are expected to give an edge to regional players as compared to the global ones who pay more sums for the research and development of products. Global players could take advantage from associations, mergers with other leading companies in the domains of fitness and health and technology. In a recent development, a strategic association between Fitbit Inc. and Thermos LLC. The new hydration connected bottle of Thermos LLC, introduced in October 2015, works with Fitbit to keep a track of water intake to sustain the overall health and energy of the consumer.

The global market for smart bottles stood at an overall valuation of US$88.8 mn in the year 2016. This valuation is expected to grow and reach a figure worth US258.8 mn by the end of 2024. This growth of the global market for smart bottles in terms of value is expected to be achieved with the help of strong CAGR of 14.3% over the course of the given forecast period of 2016 to 2024.

With respect to the prominent application areas of smart bottles such as water bottles, alcoholic beverage bottle, and pharmaceutical bottles, the segment of water bottles is currently leading contributor of revenue in the market across the globe. The segment accounted for more than 56% of the global market in 2016 and is projected to experience a significant rise in its overall share by the fall of the given forecast period in 2024. However, other segments are projected to experience losses in their respective share in the market.

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With respect geography, the global market for smart bottles is expected to be led by Europe and North America. Of these, the North America market is expected to show an impressive CAGR of 16.4% over the course of the given forecast period of 2016 to 2024.

Some of the key factors helping to drive the growth of the global market for smart bottles is the increasing awareness about healthcare and overall body fitness among the population across the globe. In addition to this, increasing population of tech-savvy customers and growing willingness to pay more sums for technologically advanced products and premium.

With capacities such as updating customers about the overall water intake over a specified time period, comparisons between different levels of body hydration among others are attracting tech-savvy customers and are thus helping in augmenting the overall growth of the global market in the coming years.

Customization and Cost Problems to Impede Market Growth

However, there are some factor that might impede the market growth in coming few years. One of the key restraining factors for the growth of the global market is considered to be the high costs these bottles along with lack of customizations.

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IoT Sensors Market – Consumer Electronics to Remain Dominant Application Segment

The global IoT sensors market is a highly competitive one with many leading companies competing against each other with variety of products, states Transparency Market Research (TMR) in a research report. The players in the market are working hard and are striving to gain a competitive edge over each other through the creation of novel and technologically advanced IoT sensors that will cater to the unmet needs of the consumers across the globe. The companies are incessantly focusing on research and development projects to present the market with the onset of competition and the urge to produce better products taking a huge turn. The leading companies in the market are Digi International Inc., ARM Holdings Plc., Libelium, InvenSense Inc., Ericsson, Honeywell International Inc., Robert Bosch GmbH, IBM, STMicroelectronics N.V., and Infineon Technologies.

According to a TMR analyst, “The global market for IoT sensors is expected to witness an outstanding 24.5% CAGR from 2015 to 2023. In 2014, the market was worth US$4.90 bn and is projected to rise to a valuation of US$34.75 bn by the end of 2023.”

In terms of applications, the global market for IoT sensors  has been segmented into healthcare, consumer electronics, automotive, building automation, industrial, and retail. Consumer electronics surfaced as the leading contributor to the global market in 2014. Growing demand for consumer electronics such as smartphones, smart TV, and smart home appliances sets are fuelling the adoption of the approaches related to IoT and are getting linked. In entertainment electronics segment, IoT sensors assist users for establishing elastic media usage. Furthermore, growing awareness among customers and mounting demand for reasonable consumer electronics has led to the formation of promising circumstances for the consumer electronics market in developing regions such as the Middle East and Africa and countries like India. This is anticipated to present encouraging growth prospects to the global market in the years to come.

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Region-wise, the market for IoT sensors has been classified into Europe, Asia Pacific, North America, and the Rest of World. North America held the leading share of the global market in 2014 and was closely trailed by Europe. In 2014, these two regions collectively held over 60% of the global market. On the other hand, is expected to be the leading region in terms of growth in the global IoT sensors market over the forecast period. The rising demand of IoT sensors for being used in several smart consumer merchandises and also in the healthcare industry has been having a positive effect on the progress of the market. Governments of the several developing countries such China, India, and South Korea are inflowing into numerous public and private collaborations for the expansion of its cloud services through its data and IoT center developments, thus  bolstering the growth of this particular market in Asia Pacific.

Mounting Demand for Wearable Devices to Encourage Market Growth

The global IoT sensors market is expected to be the spectator of widespread growth over the upcoming years due to the rising market for smart devices and wearable and also due to the stable development of smaller, inexpensive, and smarter IoT sensors. The increasing demand for IoT sensors in real time applications, placement of Ipv6, and compassionate rehe sourcefulness provided by governments are further anticipated to fuel the demand for the IoT sensors due to swift development of the healthcare infrastructure worldwide. Nevertheless, multifaceted architecture and bandwidth connected limitations are expected to inhibit the growth of the global IoT sensors market, predominantly in the regions where high-speed internet facilities are not available.

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Cloud Security Market: Security Concerns Rise Amid Growing BYOD and Flexible Operations Environments

The competitive landscape of the global cloud security market is likely to become more intense over the coming years, owing to the increasing demand for cloud computing solutions and the entrance of new players due to surmountable entry barriers. According to a research report released by Transparency Market Research, the leading players in the global cloud security market – including Symantec Corporation, Intel Security Group, and CA Technologies, Inc. – are consolidating their position by expanding their roles and offerings.

According to the TMR report, the leading players in the global cloud security market are also focusing on inorganic growth through mergers and acquisitions. The larger players in the market take up assets and roles of the smaller ones in order to expand their own offerings and business scope across a wider geographic presence. Trustwave Holding, Inc., for example, offers a host of cloud security services such as network access, web, SIEM, email, and encryption software. Trustwave Inc. acquired Cenzic, Inc., in 2014 in an attempt to solidify its cloud security business. In April 2015, the company acquired Singapore Telecommunications Limited (Singtel) to boost its business and expand market share of the company in the cloud security market over the coming years.

The cloud security market is expected to reach US$11.8 bn by the end of 2022. It is expanding at a brilliant CAGR of 12.80% within a forecast period from 2015 to 2022, after being calculated at US$4.5 bn in 2014.

North America was the leading region in the global cloud security market for 2014, a factor attributed to the large scale and early adoption of cloud services by industries in this region. It is likely for North America to remain a fruitful location for players of all sizes in the global cloud security market, while Asia Pacific shows a significant spike in demand for these services. The gain in demand for cloud security services in APAC is extremely likely to continue surging over the coming years.

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The IT and telecom industries have been the key industries making use of cloud security services in a large scale, and will continue doing so over the coming years. Data loss prevention was found to be the leading segment in the global cloud security market on the basis of service type, in 2014.

“The IT and telecom industries and their associated enterprises are swiftly adopting cloud platforms for all sorts of functions and processes. The advantages of using cloud computing far outweigh the negatives and risks of it as far as small and medium sized businesses are concerned, but that does not allow cloud service providers to be lax on security measures. To counter the growth issues of loss of data integrity and data theft, data security providers are stepping up to the plate. The need for cloud security today is being compounded by the growing demand for flexible operations as well as the massively popular bring-your-own-device culture,” states a TMR analyst.

Two of the key factors inhibiting the cloud security market at the moment, are the lack of awareness among companies and clients regarding the need for security services such as data loss prevention. The second factor is the as of yet skeptical nature of clients that are in the know, regarding the use of cloud computing platforms. Several companies, regardless of economic nature, are showing a high level of aversion to using third party applications and servers, despite knowing the savings in space and cost they could gain. This is consequently hindering the uptake of cloud security services.

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Service Robotics Market – Large-scale Production of Service Robots in North America Makes Region Frontrunner

The vendor landscape of the global service robotics market features a largely consolidated nature, with the leading four companies, namely AB Electrolux, Samsung Techwin Co. Ltd., iRobot Corporation, and Panasonic Corporation collectively accounting for a significant share of the overall market, observes Transparency Market Research in a recent report. In the decently competitive market, companies are focusing on strategies such as expansion across new regional territories and development of new product varieties.

In the next few years, the market is expected to witness promising growth avenues across regions with budding industrial sectors, such as Asia Pacific, with rapidly industrializing countries such as India and China in the region remaining the key growth drivers. Focus on expansion across these regional markets could allow companies in the global service robotics market to strengthen their hold on the market.

Transparency Market Research estimates that the market will exhibit a CAGR of 18.8% CAGR over the period between 2015 and 2021, rising to a revenue opportunity of US$22.50 bn by 2021.

Of the two key types of service robots in the global market, the segment of professional service robots is presently the leading contributor of revenue to the global market. Expected to exhibit an exceptional CAGR of 18.6% from 2015 to 2021, the segment is likely to retain dominance over the report’s forecast period as well. The demand for professional service robots is expected to rise on account of the increased dangers of modern warfare and the rise in efforts taken by the defense sector to bring down human casualties.

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From a geographical standpoint, the market for service robotics in North America is presently leading all other regional markets by a fair margin and is also expected to exhibit a promising CAGR over the report’s forecast period, retaining its top spot over the forecast period as well. The regional market is expected to exhibit a promising 17.9% CAGR from 2015 to 2021.

Promising Demand from Defense Sector to Help Market Gain Pace

The global market for service robotics is projected to gain significant traction owing chiefly to the rising demand for service robots from the defense sector. The fact that adoption of robots can lead to a significant decline in the numbers of human casualties suffered during defense activities is expected to compel governments to employ an increased number of service robots in a number of operations. As internal and external threats on homeland security take a leap, the adoption of robotic solutions is expected to rise at a notable pace in the near future. As a result, the demand for a variety of service robots such as demining vehicles, unmanned aerial vehicles, and unmanned ground vehicles is expected to rise, driving the market for service robotics in the near future.

On the other hand, the market could be restrained due to the high initial capital required for research and development activities related to service robots. While this could discourage companies from investing in the area, the high cost of the final product could prove to be unfavorable for the commercialization of advanced service robots across a number of regional markets.

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Workspace as a Service (WaaS) Market – MEA to Offer Prime Opportunities for Future Growth

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.

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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Airport Kiosk Market – Increased IT Spending Across Airports to Create Demand

The global airport kiosk market is by nature moderately fragmented owing to the occupancy of limited number of players situated at various parts of the world, as reported by Transparency Market Research in its new report. Over the past couple of years, installations of the airport kiosk have significantly spurred in order to offer air passengers with more flexibility and convenience. Companies concentrating on new product development and innovations, meanwhile capitalizing on the mounting demand, are expected to have good future growth prospects in the airport kiosk market.

Key players tracked by the report that underpin the market expansion significantly include Fujitsu Limited, Embross Group, Diebold Nixdorf AG, Toshiba Corporation, Rockwell Collins, Inc., NCR Corporation, Bolloré SA, and SITA SA. These market participants are adhering to aggressive marketing strategies in a bid to acquire a competitive edge. They are increasingly focusing on technological innovations and developing high-tech facilities including automated passbook kiosks, and visa through kiosks for implementation across busy airports.

Airlines are increasingly focusing on adopting self-service solutions, that offer convenience to passengers and airport kiosks have gained paramount importance on account of this. Installation of airport kiosks has considerably helped passengers to avoid standing in long queues and delays at airports. The airport kiosks enable airport authorities in meticulously managing soaring airline passenger traffic, as they are equipped with in-built high-tech features, and offer effective solutions for expediting and controlling check-in, the passenger clearance, and the baggage clearance. Proliferation in IT spending across airports will also support adoption of airport kiosks. With the advent of privatization, several companies have been encouraged to revamp airport facilities with modern infrastructure. In addition, airlines are making huge investments in personalizing the passengers’ journey, subsequently augmenting demand for advanced facilities such as airport kiosks.

Introduction of innovative mobile technologies has offered passengers with services similar to those of airport kiosks. Mobile technologies compatible with smartphones and tablets deliver tasks that are performed by airport kiosks, comparatively at an inexpensive cost, which in turn prevails as a factor hindering adoption of airport kiosks to a certain extent.

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According to Transparency Market Research, the global airport kiosks market will register a CAGR of over 10% in terms of value throughout the forecast period, 2017 to 2026. Global sales of airport kiosks are estimated to exceed 100,000 Mn units by 2026-end.

Baggage Check-in & Information Kiosks to Remain Dominant among Airport Kiosk Types

The report projects baggage check-in and information kiosks to remain dominant among types of airport kiosks, in terms of volume sales. This is mainly because airports are increasingly making investments in installation of advanced baggage check-in kiosks and information kiosks, so as to facilitate optimization of common operations at the airports. These kiosks further complement flexibility and comfort of passengers. In addition, sales of automated passport control kiosks and internet kiosks are slated to exhibit the highest CAGR in terms of volume through 2026.

In terms of volume, Europe will continue to lead the global airport kiosks market, trailed by North America and Asia-Pacific excluding Japan (APEJ). Among these regions, APEJ will continue to reflect the fastest expansion in volume sales of airport kiosks through 2026. Latin America will also witness high volume sales of airport kiosks to reach nearly 12,000 Mn units by 2026-end.

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Cyber Weapon Market – Sales Expected to Rise as Traditional Arms Manufacturers Venture in the Market

Several companies operate in the global cyber weapon market, among which The Boeing Company, Lockheed Martin Corporation, General Dynamics Corporation, Raytheon Company, BAE Systems plc, and Northrop Grumman Corporation are identified as the key players in a report by Transparency Market Research (TMR).

The defensive cyber weapon segment in the market is highly fragmented due to the existence of numerous companies offering high-tech cyber-security services. Contrary to this, only a handful of companies such as Hacking Team and VUPEN Security offer offensive cyber weapons. This has in turn resulted into a consolidated vendor landscape in the offensive cyber weapon segment.

According to TMR, the global cyber weapon market stood at US$390 bn in 2014. Rising at a CAGR of 4.4% CAGR, the market is expected to reach US$521.87 bn by the end of 2021. With a share of 73.8%, the defensive cyber weapon segment dominated the market by type in 2014. Regionally, North America accounted for the leading share of 36% in the global market in 2014.

“Besides exploring strategic collaborations and partnerships, the leading companies in the market are investing in the research and development of advanced solutions,” said a lead TMR analyst. Many of these companies are planning to expand their geographical footprint by expanding their existing product portfolio.

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The incidence of cybercrimes, security breaches, and data thefts has been rising at a significant pace. Compelled by this, organizations around the world have increased their investment to identify zero-day vulnerabilities. The existence of a hole in software that is not known to developer becomes an uncorrected software application vulnerability that could be exploited to affect consumer programs, data, and network. Identification of these vulnerabilities are important to prevent extremist groups from using them.

Governments, intelligence agencies, and other organizations have spiked their investment to identify zero-day exploits and use them against enemy networks when necessary. With an aim of capitalizing on the prevalent trend, several traditional arms manufacturing companies are expanding their businesses in the cyber security segment. This will in turn fuel the development of cyber weapons.

The market is also expected to gain from the increasing demand for security across critical infrastructure and utilities. Cyber weapons can launch attacks against critical infrastructure and disrupt vital services of an economy. Primary economic sectors therefore attach utmost importance to intellectual property and information and technology. This is a prime factor fuelling demand from the cyber weapon market.

Regulations Imposed to Prevent Unregulated Usage of Cyber Weapons May Hamper their Sales

“The results of unregulated usage of cyber weapons could prove fatal. Several international organizations have thus described cyber weapons as malicious codes, which were used for mass destruction,” said a TMR analyst. Furthermore, they are also increasingly focusing on keeping these weapons out of reach of cyber-terrorists and extremist groups. Governments around the world are therefore compelled to implement stringent regulations to ensure non-proliferation of cyber weapons. Such regulations can impede the market’s trajectory to an extent.

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Nevertheless, the emergence of cyberspace as a new domain will fuel the uptake of cyber weapons in the forthcoming years. The increasing demand for technologies to safeguard national critical infrastructure, which primarily includes the communication network, industrial control systems, defense, and banking and finance, will also boost the sales of cyber weapons in the near future.

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