Sports Protective Equipment Market – Head Protection Equipment to Surface as Most Valued Product

The global sports protective equipment market exhibits a consolidated and a highly competitive landscape, finds a report by Transparency Market Research (TMR). In 2016, the top four players, namely Adidas AG, Nike Inc., Puma SE, and Asics Corp., held together a share of more than 60% in this market.

These players are aggressively involved in research and development activities to bring out new offerings for its consumers and in order to fight for a better position in the market. Further, owing to the lucrative opportunities in this market, the penetration of new players is relatively high, which is expected to intensify the competition within the market in the years to come, states the reserch report.

As per TMR’s estimations, the global market for sports protective equipment, which stood at US$7.10 bn in 2016, is anticipated to rise at a steady CAGR of 3.80% over the period from 2017 to 2025, expanding the opportunity in this market to US$9.82 bn by the end of the forecast period. Water sports and racing have been registering a higher demand for sports protective equipment and this trend is anticipated to remain so over the next few years.

The report considers head protection, hand protection, and lower body protection equipment as the key products available in the global sports protective equipment market. Head protection equipment emerged as the most valued product in this market with a share of more than 33% in 2016. Researchers expect the segment to remain on the top during the forecast period, thanks to the high demand of head protection equipment in ball games, mountaineering and rock climbing, racing, and various other sporting activities.

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The hand protection segment took over the second position in this market in 2016 and is projected to retain it throughout the forecast period. Ball gaming, mountaineering and rock climbing, and cycling are expected to report a high demand for hand protection equipment for safety purpose in the near future.

According to the report, Asia Pacific, North America, the Middle East and Africa, Europe, and Latin America have emerged as the main regional markets for sports protective equipment across the world. Among these, Europe acquired the leading position in 2016 with a share of more than 41%. The growing interest of the younger population towards water sports and racing is the key factor behind this rise in the Europe market for sports protective equipment. The significant number of major sports events to be held in this region over the next few years is also expected to boost this regional market further, states the report.

“The swift growth of the retail industry has paved the way for the rapid sales of sport protective equipment”, says an analyst at TMR. The emergence of several companies operating in the retail industry has acted as a leverage for the manufacturers of sport protective equipment to promote their products through these channels, coupled with aggressive marketing and promotional activities.

Further, the increasing retail outlets in the developing economies are expected to boost the retail sales of sports protective equipment over the forecast period. The growing interest and participation of individuals in sports activities and the rising consumer awareness regarding fitness and health are also projected to drive the growth in this market over the next few years. However, the easy availability of counterfeit products in the global market may affect the sales of sports protective equipment, hampering the market in the near future, notes the study.

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Solid State Lighting Market: Rise in Popularity for Energy-Efficient Lighting to Push up Global Demand

The global solid state lighting market is anticipated to grow moderately in coming years. Even though the market is in its initial development stage, it is garnering the focus of regional as well as international players. The level of competition has intensified in the past decade, with firms working on developing new strategies for collaborations in order to come up with economical and effective products that would boost sales.

Koninklijke Philips N.V., Panasonic Corporation, Samsung Electronics Co. Ltd., OSRAM Licht Group, General Electric, Eaton Corporation, NICHIA Corporation, and Mitsubishi Electric Corporation are some of the leading companies operating in the global solid state lighting market.

According to Transparency Market Research, the global solid state lighting market is anticipated to grow with a strong CAGR of 8.7% within the forecast period from 2017 to 2025. In 2016, the market was evaluated to be worth US$14.48 bn, and it is expected to reach to US$30.38 bn by the end of 2025. Geographically, Asia Pacific region is currently the leading region vis-à-vis growth and revenue generation. The regional market will from the steady economic growth in countries, namely Indonesia, India, and China in the past few years. The global solid state lighting market is divided into commercial, residential, outdoor, and industrial lighting based on sector. The commercial segment held the most dominant position with major amount of share in 2016 and is also anticipated to stay at the leading position over the report’s forecast period.

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There are several factors that are contributing to the advancement of the global solid state lighting market, such as the enormous rise in popularity for energy-efficient lighting in the past couple of years. With a high energy-efficiency, optimum durability, and enhanced profitability, solid state lightings are seeing soaring demand. Being comparatively environment-friendly compared to other famous lighting advances, it is creating monstrous demand in developing and developed economies with progressively stringent environment saving standards in nations, for example, India, China, and Indonesia. The quick rate of urbanization and industrialization in these nations is adding to the growing demand for solid state lighting.

In addition, the market for solid state lighting is developing due to the immense progression in technological innovations and lessened expenses in Asia Pacific region. Besides, the expanded adoption of Internet of Things innovation and their combination with solid state lighting are likewise anticipated to affect the general improvement of the global solid state lighting market soon.

However, on the other side, there are a few factors that could challenge the general development of the global solid state lighting market. One of the major factor anticipated to affect the market is the moderately higher cost of establishment of these lighting frameworks when contrasted with ordinary incandescent and fluorescent lighting systems. By and by, the growth in investments towards the improvement of smart cities could stir demand for solid state lighting in various regional markets.

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Wearable Sensor Market – Reducing Average Price of Wearable Sensors Unlocks New Opportunities

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.

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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Enterprise Collaboration Service Market – Mobility & Telephony Emerge Dominant Based on Region and Solution

The degree of competition among the existing players in the global enterprise collaboration service market is quite high. The prevailing competition is forecast get fiercer in the future with the entry of new market players, finds Transparency Market Research (TMR) in a new report. Currently, IBM Corporation, Cisco System Inc., Nokia Network, HP Corporation, and Polycom, Inc., are the top players in the global enterprise collaboration service market. The dominance of these enterprises is on account of their persistent funding and efforts towards innovation and in providing collaboration services. “Through strategic collaborations and mergers, vendors in the market are competing against one another and looking to strengthen their market position,” observed the TMR report’s author. Exhibiting a CAGR of 10.3%, the global enterprise collaboration service market is forecast to reach US$56.51 bn by the end of 2024.

Regionally, North America will held a majority share of 53.1% of the overall market in 2015. This regional market is gaining impetus from the increasing demand application of video conferencing in the defense and military. Reporting a robust CAGR, the North America market will successfully maintain its position as the market lead through the course of the forecast period.

By solution, the overall market is led by mobility and telephony. However, over the forecast period the video conferencing segment is likely to emerge dominant exhibiting a CAGR of 11.5% between 2016 and 2024. Besides this, collaborative tool and mobility and telephony will cumulatively account for a significant market share.

The increasing demand for mobile workforce and enterprise mobility is creating lucrative prospects for the global enterprise collaboration service market. To continue witnessing sustainable growth, enterprises are nowadays looking to expand their global footprint by conducting cross-border businesses. This created accelerated demand for collaborative tool as without technology enabling effective communication enterprises will fail to conduct business across borders.

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Due to various benefits offered by enterprise collaboration services their uptake is expected to surge in the coming years. In addition, the rising penetration of mobile devices will have a strong influence on the market, positively propelling its growth. For instance, the availability of low-priced smartphones around the world has provided immense opportunities for the leading vendors to capitalize on.

Increasing Incidence of Cyber-attacks Poses Threat

On the downside due to the rising incidence of cyber-attacks in the last few years, data breaches have become crucial concerns for enterprises. “As enterprises often communicate voice data via Internet lines, streaming media services, and voice over internet protocol, they often encounter security threats and have become more vulnerable to cyber-attacks,” said a lead TMR analyst. Such concerns cause hindrances for the overall market.

Rising Use of Social Media for Business to Create Lucrative Opportunities

Nevertheless, there has been a considerable rise in number of enterprises using social media to propagate their businesses. As these companies harness the power of social collaborative tools such as Office 365 and Lync, they can empower partners and employees and create customer engagement in real time. Leading vendors in the market are therefore intending to build ecosystems to make social business integration more compelling for organizations. Furthermore, the market will gain from the rising use of enterprise social software solutions such as Yammer, Jive, and Salesforce Chatter.

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Global Anti-Money Laundering Software Market to Witness Robust Growth during the Forecast Period 2017-2026

Companies, especially in the financial services industry are investing in the anti-money laundering software to effectively track the transactions and eliminate the risk of fraudulent. Companies offering anti-money laundering software are also focusing on providing effective and efficient software including currency transaction reporting software, transaction monitoring software, compliance management software, customer identity management software in order to meet critical business requirements and simplify complex operations, thereby minimizing the risk associated with the business.

Increasing adoption of anti-money laundering software in developing countries and robotic process automation in anti-money laundering software and KYC are some of the factors fueling the market growth. Anti-money laundering software predictive models are also helping banks to manage risk by using advanced features. Banks are also increasingly adopting anti-money laundering software with KYC analytics in order to properly understand, manage the flow of data. Money worth of approx. 2-5% of the global GDP is laundered in a year, ranging between $800 billion to $2 trillion, according to the United Nations Office on Drugs and Crime (UNODC).

Key players in the global anti-money laundering software are NameScan, a member of the Neurocom group, Siron, Verafin Inc., NICE, BAE Systems, ACI Worldwide, Inc., Trulioo, Ascent Technology Consulting, EastNets, FICO TONBELLER, Experian, Oracle Corp, Opentext, SAS Institute Inc., Accenture Inc., and Fiserv, Inc.

As per the latest report by Transparency Market Research (TMR), the global anti-money laundering software market is expected to witness robust growth. The market is also projected to record an exponential CAGR of 12.1% throughout the forecast period. The global anti-money laundering market is also expected to generate the revenue of US$ 4,262.0 million by the end of 2026.

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The global anti-money laundering software market is segmented into deployment type, solution type, end-user type, product type, and region.

On the basis of product type, the market is further divided into Compliance Management Software, Transaction Monitoring Systems, Customer Identity Management Systems, and Currency Transaction Reporting (CTR) Systems. Transaction monitoring systems is expected to witness the highest growth during the forecast period.

By end-users, retail banking is anticipated to be the largest user of anti-money laundering software during 2017-2026. Based on the solution type, among various solution types, transactional monitoring is likely to witness significant growth in the coming years.

Deployment type is further segmented into on-premise, and cloud-based. From these two segments, on-premise is expected to be the most preferred deployment type during 2017-2026.

North America to Dominate the Global Anti-Money Laundering Software Market through 2026

North America is expected to remain dominant in the global anti-money laundering software market. The financial institutions in the U.S. strictly follow customer identification program to verify each customer, thus reducing the money laundering. Owing to the technological advancements the use of anti-money laundering software with advanced features has increased in North America. Also, the laws regarding anti-money laundering require financial institutions to have the customer identification and anti-money laundering program. Hence, leading companies are developing software that can help financial institutions to meet anti-money laundering and Bank Secrecy Act requirements.

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Power MOSFET Market – Improved Power Management Property to Propel Demand

The global power MOSFET market is anticipated to flourish significantly within the forecast period from 2017 to 2026. Rise in sales of electronic gadgets has resulted in a surge in the demand for key parts and semiconductor gadgets. Segments comprising of metal oxide semiconductor field effect transistors (MOSFET) holds a major importance in the operation of an electronic gadget. With changing necessities of electronic gadgets as far as power consumption is concerned, an extensive variety of power MOSFETs are being created all over the world. Owing to its miniaturization and compact size, the design and advancement of power MOSFETs stays a bit complex.

Infineon, Renesas, Mitsubishi Electric, Hitachi, Panasonic, Toshiba, STMicrorlectronics, Sumitomo Electric, Bosch, and Raytheon are among the major players that are looked upon as the main designers of power MOSFETs on global scale.

According to Transparency Market Research, these organizations are anticipated to effectively encourage the development of the global power MOSFET market the forecast period from 2017 to 2026. The global power MOSFET market is prognosticated to grow at a decent CAGR 7.8% of over the estimated time frame. By 2026, the market is expected to clock a revenue of US$12.6 Bn. The demand for power MOSFETs is foreseen to soar in developed markets, for example, Europe and North America. However, it is Asia-Pacific that is expected to grow the most. On the basis of type, P-channel power MOSFET led the market in 2017 with around US$4.0 bn. This segment is likely to continue leading the market within the forecast period from 2017 to 2026 as well, with a steady CAGR of 8.2%

MOSFET is a kind of power semiconductor utilized as an electronic switch gadget. It is a pocket-friendly solution for bipolar junction transistor (BJT), which is perfectly compatible with higher current and voltage when contrasted with BJT. It empowers power management to improve energy saving in different applications, for example, electric vehicle, consumer electronic, and industrial system. Currently, it is utilized as a part of renewable resources and electric vehicles to avoid power loss and improve switching speed.

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Improved effectiveness, rise in demand for compact automation solutions, and durability have encouraged the adoption of power MOSFET in consumer gadgets, energy and power, and different applications. Subsequently, the global power MOSFET market is anticipated to witness decent development in coming years, because of its smaller size and improved strength. In any case, high execution cost and current leakage is obstructing the market development. Combination of power MOSFET with human machine interface (HMI) will likely offer the market a major opportunity to grow.

Companies to Work on Reducing Complexities of Power Semiconductor Components

Major power MOSFET companies are required to concentrate on bringing down the complexities involved in the generation of these perplexing power semiconductor components. Over the forecast period, the whole production of power MOSFET in the global market will remain consolidated in the Asia-Pacific region owing to supportive industrial policies in nations such as India, China, and South Korea, combined with rise in production of electronic gadgets in these nations. This factor is expected to drive the production of power MOSFET.

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Telecom Enterprise Services Market – Large Enterprises to Remain Dominant Demand Driver

Vendors operating in the global telecom enterprise services market can benefit from opportunities created by the increasing commercialization of cloud services in traditional markets such as outsourced billing for OTT players, observes Transparency Market Research in a recent report. Companies can also focus on the emerging cloud segment as a means to enter emerging segments such as cloud-based M2M platforms for various industry verticals. An understanding of critical partnerships and evolving cloud ecosystem and implementing appropriate business models is likely to be vital, as telecom operators shift their focus from communications services business to on-demand ICT capacities service providers.

Some of the leading companies operating in the market are X4 Solutions, Business Communications Management, Inc., WTG Technologies Limited, Telecom Brokerage Inc., Intelisys Communications, Inc., Telecom Brokers, Intracom Telecom SA, Converged Network Services Group, Advoda Communications, Inc., and Telarus Inc.

In terms of end-user, the large enterprise segment with over 74.9% share in 2016 was the largest market in the overall telecom enterprise services market in terms of revenue. Over the report’s forecast period, however, the segment of small and medium-sized enterprises is anticipated to expand at the most promising pace during the forecast period. Large numbers of startups being set up in the field of IT and ITeS across the world are expected to contribute to the global SME end user telecom enterprise services market.

North America led the global telecom enterprise services market in 2016 with a share of about 35.9% in 2016 of the overall global telecom enterprise services market. There are approximately 4,000 independent communication technology partners and vendors (associated with Telecom Association (TA)) who consult with business end-users. North America is also one of the regions with the highest mobile penetration rate. As a result, the region is expected to remain one of the key revenue opportunities for the global telecom enterprise services market.

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Surge in Number of Small and Medium Enterprises Globally to Bode Well for Market Growth

Demand for enterprise services is expected to surge in coming years with the expansion of micro, small, and medium enterprises (MSMEs) and the vast rise in industrial activities across the world. In addition, increased influx of investment in the industrial sector and steady economic growth of emerging markets in countries in the APAC region and increase in worldwide enterprise IT spending across several verticals are further expected to drive the growth of this market over the forecast period.

In developed markets such as North America and Europe, higher adoption levels of advanced relevant technologies, supported by healthy concentration of master agents and carriers, rising demand for cloud computing, data center and Gigabit connectivity solutions to support entire IP infrastructure will significantly magnify the adoption of telecom enterprise services. Presence of a large number of SMEs as well as favorable government regulations encouraging growth of small businesses will also drive the market in these regions. Emerging markets such as Asia Pacific are witnessing a surge in the number of startups providing web-based services for manufacturing firms operating in other application sectors.

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