Thursday, 17 January 2019

Smart Grid Security Market: Increased Sophistication of Cyber-attacks Driving Demand

  January 17, 2019    No comments
The analysts of a fresh business and commerce study by Transparency Market Research have detected a fragmented competitive landscape in the global smart grid security market, attributing the scenario to the presence of a large number of players who are catering to regional and domestic demands. Regional players have a stronger presence in the developed countries across the world. That being said, a few international players do hold a position of strength over some of the domestic players, such as Siemens AG, Intel Corporation, Symantec Corporation, Cisco Systems, Inc, IBM Corporation, Leidos Holdings, Inc., BAE Systems Plc., Honeywell International Inc., N-Dimension Solutions Inc., and AlertEnterprise Inc. For most of key players, the primary strategy is to provide customized IT security services to their customers in a bid to stay ahead of the curve.

Smart Grid Security Market to be worth US$10.58 bn by 2025

As per the evaluations of the TMR report, the worldwide smart grid security market will be worth US$10.58 bn by the end of 2025, substantially more than its calculated revenue-potential of US$4.35 bn in 2016, exhibiting an impressive CAGR of 10.5% during the forecast period of 2017 to 2025.

In the near future, the analysts anticipate the scenario of distributed shares to sustain as well as foresee a significant increment in partnership and collaboration activities, which not only helps them add to their product portfolio and expand their geographical presence. Another area of concentration for the market players is how to logically leverage the growing field of cloud and the internet of things (IoT), as these advancements have significantly increased the vulnerability of cyber security.


On the basis of deployment, the TMR report segments the smart grid security market into on-premise and cloud, whereas on the basis of security type, the market has been bifurcated into network security, database security, endpoint security, and application security. Application-wise, the report has gauged the potential of demand coming from smart meters, renewable energy resources, smart application, and energy efficient resources. Geographically, the TMR analysts have picked out North America are the region that currently provides for the maximum demand, accounting for 38.7% of the global demand for smart grid security in 2016. However, the demand from the region of Asia Pacific, driven by the emerging economies of China, India, Japan, and South Korea, is projected to expand at an above-average CAGR of 11.3% during the forecast period of 2017 to 2025.

Energy Needs from Urban Parts Driving Demand for Efficient Methods

Relentless escalation in the need for energy and recent advancements in the technology of power grids are two of the primary drivers of the global smart grid security market. Across the world, governments of a number of developed and developing economies are urging grid operators to utilize the latest technologies in order to meet the increasing demand as a result of urbanization and consequently the consumption of electricity. Smart grids are essentially a combination of IT with traditional grid and thereby offers stronger control over the functions in order to improve reliability. In the recent past, cloud-based smart grid applications have gained adoptability as they significantly curtail the operational costs by centralizing their resources.
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IoT Platform Market – Supply Chain Management Creates Higher Demand with Need for Asset Tracking

  January 17, 2019    No comments
The global IoT platform is at a nascent stage and is expected to witness a healthy competitive landscape in the coming few years, says a new research study by Transparency Market Research. The expansion of the product portfolio, innovations, and technological advancements are some of the major strategies that are being adopted by the leading players so as to enhance their penetration across the globe. In addition to this, the growing focus on the research and development activities and the improvements in the product cost and quality are further estimated to support market growth in the near future. Some of the leading players operating in the IoT platform market across the globe are PTC Inc., Salesforce.com, Inc., Oracle Corporation, Microsoft Corporation, IBM Corporation, General Electric, SAP SE, Cisco Systems, Inc., Google Inc., and Amazon Web Services, Inc.

As per the market research study by Transparency Market Research, in 2016, the global market for IoT platform was worth US$1,786.8 mn and is expected to reach a value of US$10,064.0 mn by the end of 2025. The market is likely to register a strong 21.0% CAGR between 2016 and 2025.

Adoption of New Technologies to Drive North America IoT Platform Market

The global IoT platform market has been classified on the basis of geography into five segments, among which, North America is projected to emerge as a leading segment throughout the forecast period. The presence of several leading players and the increasing adoption of new and advanced technologies are the primary factors that are estimated to enhance the development of the market in the coming years. On the other hand, Europe is estimated to witness a promising growth throughout the forecast period, owing to the favorable government initiatives. Moreover, the rising contribution from the U.K., France, and Germany is predicted to enhance the growth of the Europe IoT platform market in the near future. The rise in the level of adoption of digitalization, especially in emerging economies is expected to support the growth of Asia Pacific market in the near future.

The global IoT platform market has been categorized on the basis of application into human capital management, customer service, supply chain management, security and asset performance management, inventory management, infrastructure management, and enterprise performance management. Among these, the supply chain management segment is likely to hold a huge share of the global IoT platform market and exhibit a healthy growth rate in the coming years. The use of IoT platform in supply chain management helps in enhancing the asset tracking, which helps the manufacturers in making a better decision and further saves time and money.


Rising Adoption of IoT Systems to Encourage Growth 

An IoT platform is an advanced technology that allows upfront management, provisioning, and automation of the connected devices within the Internet of Things setting. The rise in the awareness among consumers regarding the benefits of using the IoT platform is expected to support the market growth throughout the forecast period. A tremendous rise in the demand for increased connectivity making use of smartly designed electronic systems is expected to enhance the growth of the global IoT platform market in the coming years. With the rise in the adoption of IoT platform, the companies are expected to witness cost saving in the coming years, thus making it quite affordable for several players to venture in the market.

On the flip side, the requirement of high initial cost is one of the key factors that is estimated to hamper the growth of the global IoT platform market in the coming years. In addition to this, the rise in the risks related to data loss, cyber-attacks, and data encryption challenges is expected to restrict the growth of the overall market in the near future.
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Vehicle Tracking System Market – Future of GPS Technology in Vehicle Tracking and Fleet Management

  January 17, 2019    No comments
Vehicle tracking system is a technology that is utilized to acquire data about the real-time location of vehicles, using either a cellular network or GPS technology. The tracking system comprises a positioning device, software, and sometimes, a view capturing device.

The global vehicle tracking system market is primarily driven by the expansion of goods and passenger transportation services. Vehicle fleet operators are willing to track their vehicles in order to obtain accurate vehicle data, location, performance, and driver behavior. Increased road freight transportation services are fueling the demand for automotive tracking system across the globe. Expansion of the global passenger transportation industry, which is attributed to the rising presence of ride-hailing companies, vehicle rental companies, and increasing adoption of app-based transportation services are fueling the demand for automotive tracking system across the globe. Several trackers are capable of providing data about the actual running condition of the vehicle, such as vehicle speed, door open and close, and several other engine parameters; consequently, fleet operators are able to track the vehicle in order to ensure proper delivery and safe passenger transportation.

Rapidly expansion of the ride-hailing industry, which attributed to supportive government policies and increasing demand from consumers, is likely to offer lucrative opportunities to the global automotive tracking system market.


The global vehicle tracking system market can be segmented based on technology, type, vehicle type, and geography. In terms of technology, the global vehicle tracking system market can be classified into two segments. Global Positioning System (GPS)-based vehicle trackers are more accurate as compared to cellular network-based tracker, thus the adoption of GPS-based tracking system is much higher than that of cellular network-based tracking system. GPS based tracking system, when connected with the internet, provides highly accurate vehicle position.

In terms of type, the global vehicle tracking system market can be bifurcated into active system and passive system. The passive system continuously collects data about vehicle position and stores it in the storage available within the device. The storage device can be removed from the tracking system whenever required. The active system employs internet connectivity to transmit the information about the vehicle location and performance directly to the devices linked with it, such as smartphone, laptop, and tablets. The active tracking system is an advance technology and is witnessing high rate of adoption among consumers, which is attributed to its reliability and accuracy. The active tracking system is more expensive than the passive tracking system.
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Digitalization is a Major trend Witnessed in the Automotive Retail Market

  January 17, 2019    No comments
Automotive retailing is constantly evolving industry due to constant innovation and changing consumer preference, which is likely to propel the automotive retail market in the near future. Sells of new or used cars through local distribution as well as automotive parts known as automotive retail. Continuous innovation in product development, shifting toward alternative powertrain, introduction of autonomous vehicles, and increasing penetration of connected vehicles is creating tremendous opportunity for OEMs as well as dealerships. Digitalization is a major trend witnessed in the automotive retail market. Automotive retail is likely to shift from product-driven to customer-centric in order to enhance consumer experience and to adapt to consumer behavior and expectations.

Consumers are likely to expect car purchase online from direct manufacturer and dealers to get transparent and unique solution for their car selection process online which is likely drive the automotive retail market during the forecast period. Increasing role of used cars and fleets are also creating to business model in order to adapt to rapid changes and to provide the best solution to customers. Similarly, rise in use of vehicles and fleets across the globe is anticipated to boost the automotive retail market during the forecast period.

The automotive retail market can be segmented based on retail type, sales channel, vehicle type, and region. Based on the retail type, the automotive retail market can be segregated into physical retail and digital retail. Physical retail likely to lose its importance, owing to the shift in consumer preference from physical to digital retail. More than 50% of consumers prefer buying parts from OEMs and third-party through the online platform. Furthermore, a majority of dealers are shifting toward digitization in order to enhance customer experience, behavior, and to make purchase easy for customers, which in turn is likely to boost the digital retail segment during the forecast period.


Based on sales channel, the automotive retail market can be divided into OEMs, dealers, and third-party service provider. OEMs are introducing their services online in order to expand their business and also due to rise in digitization and customer preference. Reliable solutions and technical support are likely to propel the OEM segment significantly during the forecast period. However, most dealers are changing their business models and collaborating with OEMs to increase distribution channels along with strong technical support in order to maintain their position in the market.

In terms of region, the automotive retail market can be classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to emerge as a leading market for automotive retail, globally, during the forecast period. Rise in sales of new vehicles in China is a major factor driving the automotive retail market in Asia Pacific. Furthermore, the production of vehicles in China reached close to 29 million units in 2017. Along with China, India, Japan, and South Korea are leading automotive hubs in the region and hence, the automotive retail market in the region is likely to expand during the forecast period.
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Truck-as-a-Service Market attracts Growing Investment

  January 17, 2019    No comments
Rise in adoption of telematics systems and adoption of latest technologies in order to enhance driver and vehicle performance along with fuel economy, safe driving promotion and to avoid unwanted breakdowns adoption of latest technologies is increasing. Moreover, the trucking business has become highly competitive and truck manufacturers focusing on cutting-edge technology in order to capture the market. Truck manufacturers are emphasizing on those technologies that reduce downtime, enhance efficiency, and enhance safety parameters.

Adoption of highly technical electronic components transforming the product based business model into service based business model likely to drive the truck-as-a-service market. Rapid changes and innovation in driver monitoring, transmission, infotainment system, truck safety, comfort, and convince are likely to increase integration of technology during the forecast period. Expansion of the e-commerce industry in developing countries along with increasing industrialization and rise in number of manufacturing plants are anticipated increase the demand for trucking service technologies, which in turn is anticipated to drive the truck-as-a-service market during the forecast period.

The global truck-as-a-service market can be segmented into digital freight brokerage, telematics services, business analytics, and digitalization of retail and platooning. Telematics services for commercial vehicle is likely to expand significantly during the forecast period which is anticipated to propel the truck-as-a-service market during the forecast period. Telematics services such as live traffic updates, road side assistance, and smart routing are likely to be integrated by fleet owners in order enhance safety. Rise in demand for goods tracking, optimizing operational activities, and real-time connectivity is projected to boost the telematics services segment during the forecast period.

The digital fright brokerage segment is anticipate expand at a rapid pace during the forecast period owing to an increase in use of smartphone technology, growing penetration of wireless connectivity and other digital platforms. Currently, consumers prefer digital channels to purchase goods from OEMs owing to the quick and ease of transaction and saving in brokerage money. Consequently, the digital fright brokerage segment is likely to expand significantly during the forecast period.


Developments in autonomous vehicles is likely to create more opportunities in the field of autonomous services such as platooning technology. Furthermore, rising connectivity, data security, and government mandates regarding vehicle safety are projected to boost the demand for advanced technology.
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Automotive Sector to Surface as Key End User of Lubricant Packaging Market

  January 17, 2019    No comments
The global market for GCC lubricant packaging is experiencing an intense competition among its well established players. Players in the market are using novel manufacturing technology to make the market more competitive. Players in the market are spending heavy amount behind research and development activities to manufacture efficient market product, thus expanding the product portfolio. Apart from these, players are focusing on product advancements and product innovation which is likely to help them to expand their customer base and product differentiation. Some of the major players in the global GCC lubricant packaging market are Saudi Can Manufacturing Company Ltd, Mold Tek Packaging Ltd, First Press Plastic Moulders Ltd., Neelkamal Plastics Factory LLC., and Duplas Al Sharq.

According to a recent study by Transparency Market Research, the global GCC lubricant packaging market is predicted to expand at a robust CAGR of 3.30% during the assessed period 2016 – 2024. The market which was worth at US$162.7 mn in 2016 is likely to be valued at US$210.4 mn by the end of the assessed period. The market on the basis of end user is classified into chemicals, machine industry, oil and gas, power generation, metal working, automotive, and other manufacturing.

Of these, the automotive sector holds the majority of the share owing to significant rise in the automotive sector. Booming automotive industry sector to provide lucrative growth opportunity in the market. On the other hand, chemical industry will exhibit a decent rise in the coming years. On the basis of region, Asia Pacific is anticipated to held the majority share and is predicted to dominate in the future owing to presence of major player and increase in economic conditions of the nations in the region.

One of the major reasons that is helping the market to move in the forward direction is the several initiatives undertaken by the government to promote non-oil industries. Government of several countries are spending hefty amount behind non-oil industries to help it become one of the potential source of income. This is likely to help the population rely less oil industries which experiences recurrent volatility in the crude oil prices. However, on the other hand it has been noticed that the strict environmental rules and regulation imposed by various governing bodies are predicted to deter market growth.


Booming Automotive Sector to Boosts Market Growth

Rise in disposable income and rapid urbanization have significantly change people’s lifestyle. This has made them prefer premium and luxurious product resulting in increase in demand for vehicles. Rapid advancement in technology and extensive research and development activities to meet the ongoing demand for vehicles are indirectly helping the market. Rise in demand for vehicles results in high demand for lubrications. Consumption of lubricant in semi-liquid, liquid, or solid form is linked with the automobile industry. Surge in demand for packaging products such as intermediate bulk containers which store lubricant including process oil, grease, gear oil, and engine oil which are used in daily operation of automobiles is likely to foster market growth.
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Fresh Meat Packaging Market – North America to Continue its Lead

  January 17, 2019    No comments
The global fresh meat packaging market is highly fragmented in nature and going forward too is expected to remain the same. In 2015, top ten leading players held just one quarter of the share in the market, vis-à-vis overall value. Some such prominent participants are Sealed Air Corp., DuPont, and Amoco Ltd.

In order to steal a march over their competitors, most savvy players in the global market for fresh meat packaging are investing heavily in product innovation to come up with a more diverse offering. This way, they are trying to tap into a much wider client base. The companies are also seen leveraging mergers and acquisitions to bolster their positions.

A report by Transparency Market Research finds that the global market for fresh meat packaging will likely expand at a lackluster CAGR of 2.3% during the period between 2016 and 2026. At this pace, the market, which was worth US$1.92 in 2015 will become worth US$2.47 bn by the end of 2026.

Some of the key technologies used in the global market for fresh meat packaging are vacuum skin packaging (VSP), modified atmosphere packaging (MAP), and vacuum thermoformed packaging (VTP). Among them, the technology of VSP is seeing maximum uptake and in the future will see even more adoption. The TMR report predicts the segment to become worth 32% by 2026-end.


Geographically, the key segments of the global market for fresh meat packaging market are Latin America, North America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and the Middle East and Africa. At present, North America holds a sway over the market and will likely maintain its firm position in the years ahead too. This is because of the quick uptake of fresh meat packaging among meat producers and the rising investments in research and development. The market in North America accounted for about 36% share in the market in 2015.

Primarily fuelling the global fresh meat packaging market is the growing urbanization, worldwide, and the rising awareness among people pertaining to the risks involved in consuming food such as meat not packaged properly. “Fresh meats, in particular, need superior forms of packaging as they can be easily infected. The types of fresh meat packaging that have been launched in the market in the past couple of years have allowed meat to be stored for longer periods of time and this has consequently allowed market players to tap into a much wider client pool, globally,” says the lead analyst of TMR.
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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 ...