Hospital Linen Supply and Management Services Market – Continued Demand for Linen Bed Sheet/Pillowcase to Ensure Segment’s Lead

According to TMR, the global hospital linen supply in management services market will be worth US$ 9.1 bn toward the end of 2024. By product, bed sheets/pillow cases are  stirring a higher demand as compared to any other product in the market. Bathing/cleansing accessories are expected to witness a high demand in the coming years on account of raising awareness among patients regarding hygiene and need for sanitation.

North America Leading Regional Market on Account of Growing Number of Hospitals

In terms of the most lucrative regional market, North America is leading on account of the state of art medical facilities and advanced healthcare infrastructure. The rising number of hospitals is increasing the demand for hospital linen and this will in turn drive the growth of the global hospital linen supply management services market in North America. Asia Pacific is anticipated to be an emerging market for hospital linen supply management services on account of the rising number of healthcare institutes, hospitals, and clinics in countries such as India and China as well as the rising initiatives taken by government to ensure proper treatment and care.

Growing Ability of Patients to be Able to Afford Quality Healthcare Working in Favour of Market’s Growth

The growing demand for hygiene and maintenance in healthcare institutions across the globe is one of the key factors fuelling the growth of the global hospital linen supply management services market. An increasing number of people are able to spend and afford good quality Healthcare and this is increasing the demand for clean hospital linen. The growing geriatric population and stringent regulations in hospitals for lowering the risk of contamination will fuel the demand for a linen such as bedsheets, blankets, pillow cases, bed pads, positioners, and cleaning accessories. Rising number of patients in and out of healthcare facilities will also bolster the demand for hospital linen supply management services.

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Outsourcing of Hospital Linen Supplies Becoming Common

One of the trends which can be seen within the global hospital linen supply management services market is that of outsourcing hospital linen supplies. Leading players within the market are offering services and additional features in order to attract a large number of hospitals and healthcare organizations.  On the other hand, shortage of hospital in supplies which stock market is facing currently.

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Rising Vehicle Product to Drive Automotive Steering Systems Market

The global automotive steering systems market is considered as a highly competitive and fragmented in nature with a large number of players operating in it, stated a new market research study by Transparency Market Research. The key players in the market are focusing on the research and development activities, which is likely to offer potential growth opportunities for the market players in the coming years. In addition to this, the expansion of the product portfolio and the advancements in this field is projected to encourage the growth of the global automotive steering systems market in the next few years. Some of the major players operating in the market across the globe are Sona Koyo Steering Systems Ltd (India), China Automotive Systems Inc. (China), JTEKT Corporation (Japan), ZF Friedrichshafen Manufacturing Company (Germany), Mitsubishi Electric Corporation (Japan), Robert Bosch Automotive Steering GmbH (Germany), Nexteer Automotive (U.S.), ThyssenKrupp Presta AG Aktiengesellschaft (U.S.), TRW Automotive Holdings (U.S.), and Hyundai Mobis Co. Ltd (South Korea).

According to the market research study by Transparency Market Research, in 2014, the global market for automotive steering systems was worth US$24.5 bn and is predicted to reach a value of US$39.1 bn by the end of 2021. The market is projected to register a healthy 6.20% CAGR between 2015 and 2021.

Europe to Lead Global Automotive Steering Systems Market in Near Future

The global market for automotive steering systems has been classified on the basis of geography into the Middle East and Africa, North America, Latin America, Europe, and Asia Pacific. In the last few years, Europe accounted for a large share of the overall market and is projected to remain in the leading position in the next few years. The presence of several leading automotive companies is one of the major factors expected to enhance the growth of this region in the next few years. This region is further predicted to be followed by North America, which is likely to witness a healthy growth in the coming few years. The high growth of this region can be attributed to the impending market maturity in this region.

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Furthermore, the global market for automotive steering systems has been categorized on the basis of vehicle type into heavy commercial vehicles, light commercial vehicles, and passenger vehicles. Among these, the passenger vehicles segment is projected to witness a strong growth in the next few years. The growing demand for advanced automotive steering systems, especially in the emerging economies, such as Japan, India, and China is considered as one of the key factors projected to enhance the growth of the overall market in the next few years.

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Hybrid Device Market – Growing Awareness among the Companies Boosts the Market Demand

As reported by a TMR analyst the global hybrid device market is anticipated to experience a robust growth with a CAGR of 20.80% from the duration 2015 to 2022. The market was evaluated to be worth US$ 5.1 bn in 2014, which is likely to reach around US$ 31.8 bn by the end of 2022. Based on end-users, the personal use segment was anticipated to rule the demand for hybrid device with an evaluation of revenue, worth US$ 1.6 bn in year 2014. This segment is expected to continue dominating the market demand.

In telecom and IT sector, the demand is foreseen to be boosted with a whooping CAGR of 25.6% from year 2015 to 2022. As per the geographical segments, Asia Pacific is the leading segment among the rest of them. This region is anticipated to foresee the solid growth in coming years because of the economic development in countries such as India, China, Japan, South Korea, and Australia. The revenue of the region is likely to be evaluated around US$ 10.4 bn by the end of 2022.

Growing Awareness among the Companies Boosts the Market Demand for Hybrid Devices

With the fast-moving lifestyle, there has been a surge in demand for gadgets with increased battery life. This has been one of the major contributing factor for the growth in hybrid devices in the global market. These devices have several advantages to it such as safe and beneficial storage of information, navigation with the help of touchscreen and stylus, and many others. There has also been a rise awareness among the firms about these devices that fuels its market demand. The significant growth in hybrid devices and enterprise mobility are anticipated to stir up the demand for global hybrid devices market.

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High Cost of the Devices Contributes to be a Key Factor in Obstructing the Market Growth

Although the devices have several advantages, but its market growth is also estimated to witness a downfall owing to its high product cost. Moreover, these devices are to be hampered by the factors such as low battery life. Moreover, these devices are heavier than the conventional ones. Nevertheless, after the emergence of wireless display (WiDi) technology the market is expected to experience some shoot up in terms of revenue and growth.

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Video Analytics Market – North America to Lead the Market Due to Increasing Research and Development Activities

The global video analytics market is highly fragmented in nature with a high level of competition, states a new market intelligence study by Transparency Market Research. The competitive environment of the market is expected to get stiff in the next few years with the rising number of players that are projected to enter the market across the globe. The leading players in the market are focusing on offering cost-effective products and services in order to expand their horizon across the globe. In addition to this, the increasing number of partnerships, mergers and acquisitions, and collaborations is estimated to generate potential growth opportunities for the market players in the next few years. Some of the leading players operating in the video analytics market across the globe are VCA Technology Ltd., United Technologies Corp., Genetec Inc., IntelliVision, and Vigilon Corp.

As per the research study by Transparency Market Research, in 2014, the global market for video analytics was worth US$ 1.7 bn and is projected to reach a value of US$ 9.15 bn by the end of 2023. The market is likely to register a promising 20.60% CAGR between 2015 and 2023.

North America to Witness High Growth in Coming Few Years

Among the key regional segments, North America accounted for a large share of the global market in the last few years and is projected to remain in the leading position in the next few years. The presence of several key players and the growing focus on the research and development activities are projected to encourage the growth of this region in the next few years. Furthermore, Asia Pacific is projected to register a strong growth rate in the coming few years. The rising contribution from Australia, China, Japan, India, and South Korea is considered as one of the key factors that is predicted to enhance the growth of the Asia Pacific market in the near future.

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The global market for video analytics has been segmented on the basis of application into people recognition, video indexing, license plate recognition, incident detection, object recognition, and others. Among these, the people recognition segment is projected to witness high growth, along with a large share of the market in the next few years. The rising demand for video analytics to preciously count the number of people who are moving around sports and transport facilities, visitor attractions, shops, schools, museums, airports, banks, and parking lots is considered to accelerate the growth of this segment in the next few years.

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Rise in HAP-based Wireless Communication Services to Spur High Altitude Platforms Market

According to a new market report published by Transparency Market Research “High Altitude Platforms Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023,” the high altitude platforms (HAPs) market was valued at US$2.30 bn in 2014 and is estimated to reach US$4.77 bn by 2023, expanding at a CAGR of 8.7% from 2015 to 2023. North America accounted for the largest share, in terms of revenue, of the HAPs market in 2014. With high adoption of advanced UAV aircrafts and tethered aerostat systems, especially in the U.S., North America is expected to remain dominant throughout the forecast period.

Asia Pacific is projected to emerge as the fastest-growing market for HAPs during the forecast period, expanding at a CAGR of 10.0% from 2015 to 2023. The market growth of HAPs in Asia Pacific region is mainly driven by the strong and increasing expenditure in HAP-based surveillance systems in China, India, Southeast Asia, Japan, and South Korea. Another significant factor boosting market growth is the growing Internet penetration and increasing demand for high-speed wireless communication services.

High altitude platforms (HAPs) are airborne systems deployed at altitudes of more than 50,000 feet. These systems are typically deployed in the stratosphere layer applications such as surveillance systems, communication, and navigation. The most significant factor fuelling the growth of the HAPs market is the large competitive advantages of HAPs over satellite systems. HAPs offer lower system and maintenance costs than satellite systems. In addition, HAPs can be controlled more conveniently and require less installation time than satellite systems. Government & defense accounts for the largest share, in terms of revenue and adoption, of HAPs worldwide.

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Thus, high investment on HAPs from countries such as the U.S., China, India, and Israel substantially contributes to the HAP market’s growth. On the basis of platform type, the global HAPs market is segmented into airships, UAV aircraft, and tethered aerostat systems. In 2014, the UAV aircraft segment accounted for the largest market share of over 71%, in terms of revenue, of the overall HAPs market. UAV aircraft are the costliest HAPs and provide the largest coverage areas. These aircraft are used in countries such as the U.S., China, Russia, Israel, Turkey, and France. Despite high costs, these aircraft have experienced strong demand from the aforementioned countries and hence the segment is anticipated to remain dominant throughout the forecast period.

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Telecom Expense Management Market By Technology, By Application & By End User Industry

The global telecom expense management (TEM) market is envisaged in a report by Transparency Market Research (TMR) to hold a significantly fragmented nature for its vendor landscape. Use of multiple delivery channels for operation could be commonly observed in regional and domestic markets. Taking into account their flexibility and cost benefits, cloud-based services may welcome the shift in the market from licensed software products. Vendors could receive business from enterprises that show preference for external resources in order to boost their core business processes. This is expected to strengthen demand for TEM process outsourcing. The market marks the presence of top companies such as Ezwim B.V., Anatole SAS, and Asentinel LLC.

TMR projects the global TEM market to be valued at a US$4.92 bn by the completion of 2024, growing at a 13.5% CAGR during the forecast period 2016-2024. By mode of delivery, cloud services could secure a king’s share of 39.8% by the final forecast year. Regionally, North America is envisioned to take the driver’s seat of the market while expanding at a CAGR of 8.9%.

Adoption of Advanced Communication Channels Augments Demand

Difficulty in manual monitoring of telecom networks in large as well as small and medium-sized enterprises (SMEs) and their intensely complex nature are predicted to increase the need for TEM. Massively developing corporate telecom infrastructure and increasing integration of mobile devices with enterprise networks could be primary reasons for complexity of telecom networks. There could be a high requirement of efficient TEM solutions due to improved adoption of advanced communication channels by enterprises for connecting with clients and employees.

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Advancement of Digitalization Expected to Cause TEM to Lose Traction

Of course, there are various benefits of using TEM, but could it be a victim of digitalization? Expensive operational costs to insure, secure, configure, update, and maintain interoperability is forecasted to discourage adoption of TEM in the near future. Furthermore, complex data reconciliations and long implementation times could be other factors restricting the growth of the international TEM market.

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Dashboard Camera Market By Technology, By Application & By End User Industry

The global dashboard camera market marks the presence of a large number of players who are offering a wide range of products under driver-assistance systems, notes Transparency Market Research (TMR). A growing number of players are increasingly offering a variety of dashboard camera solutions to address the needs of original equipment manufacturers and fulfil the aftermarket requirements for solutions for road safety. Camera manufacturers and automotive players are constantly pursuing strategies based on improving their technical expertise to consolidate their position, finds TMR. This is expected to up the level of competition over the assessment period.

Top players operating in the dashboard camera market include DCS Systems Ltd., Pittasoft Co. Ltd., Qrontech Co., Ltd., Garmin International Inc, Harman International Inc, Papago Inc., and Delphi Automotive Systems Pvt Ltd.

The global dashboard camera market is projected to expand at a robust CAGR of 15.3% in between the forecast period of 2014 and 2020. Vis-à-vis revenue, the market stood at US$ 1,458.2 million in 2013 and is estimated to reach a worth of US$ 4.03 billion by the end of the forecast period.

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The various technologies used in dashboard cameras can be grouped into single lens or single channel, multi lens or dual channel, and rearview. Of these, single channel dashboard cameras accounted for the leading share in 2013 both in value and volume. The segment is expected to hold its sway through 2020, driven by the extensive demand of this dash cams by motorists. This is attributed to their low cost and easy set-up, which are substantially useful in filing insurance claims.

On a geographical front, the Asia Pacific accounted for the dominant share in 2013 and is also rising at the leading CAGR over 2014–2020. The widespread popularity of dashboard cameras among private and commercial vehicle owners in the key economies projects the regional market to the forefront.

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