M-Commerce Payments Market: Asia Pacific Projected for Most Robust Growth Rate

The global m-commerce payments market is prognosticated to flourish exceptionally within the forecast period from 2107 to 2025. Due to advent of smartphones and other electronic gadgets such as tablets, laptops, and so on, the global m-commerce payments market is foreseen to prosper with robust CAGR of 46.9% in coming years. Alphabet Inc., ACI Worldwide, Inc., Apple Inc., Fidelity National Information Services, Inc., DH Corporation, Fiserv, Inc., Mastercard Incorporated, Jack Henry & Associates Inc., Paypal Holdings, Inc., Visa, Inc., Square, Inc., and Samsung Electronics Company Limited are some of the major firms leading the global m-commerce payments market.

However, the market is still in its initial stage and the consumers as well as merchants, both haven’t embraced the technology to its fullest. Nevertheless, because of constant thrust on technological advancements by keen players leading to emergence of more effective and easy-to-navigate user interfaces and better security of sensitive data, the market is expected to tread a solid growth path in the next couple of years.

According to Transparency Market Research, the global m-commerce payments market was evaluated at a valuation of US$1.11 bn in 2017.This figure is estimated to reach US$7.55 bn by 2022. On the basis of mode of payment, the peer-to-peer transfer segment is projected to attain solid growth with a CAGR of 45.1% within the forecast period from 2017 to 2022. This segment is expected to reach around US$2.7 bn by the end of 2022. Geographically, North America is likely to dominate the global m-commerce payments market with a solid CAGR of 47.4% within the coming years, owing to several vendors operating in the region.

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Based on Broader Usage the Global M-commerce Market are Foreseen to Grow

The broader reach because of mobility, rise in usage of smart devices, for example, smartphone and tablets, rigorous efforts for the collaboration between offline and online activities, and improved transmission capacity, which has helped the transaction process are to name a few leading factors propelling the global m-commerce market. Apart these, some other advantages of m-commerce payment methods are improved security, speedier checkout, and loyalty integration. Those are encouraging the growth of m-commerce. Moreover, m-commerce is anticipated to become less expensive than customary services, for example, managing an account, marketing and advertisements, banking, and purchasing. These aspects are expected to have a positive impact on the demand for m-commerce payments. Different online networking platforms have likewise installed “buy” buttons, which causes the marketers generate leads much quickly.

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Smart Baggage Handling System Market – North America to Display Robust CAGR through 2025

Intense competition exists among the well-established players within the global smart baggage handling system market, as all of these players are constantly innovating their product offerings so as to attract more customers, states Transparency Market Research (TMR) in its latest research report on this market. Tremendous potential of growth opportunity lies within the smart baggage handling system market as this market is huge. This also implies that many new players will be attracted towards joining this market and therefore the threat of new entrants is high. Not only will this result in cut throat competition among players within the market but also it will ultimately result in product innovation as this becomes the key strategy for business growth of each of the manufacturers. Names of the key players operating within this market are SITA, Beumer Group, Vanderlande Industries, Alstef Automation S.A., Fives Group, G&S Airport Conveyor, Pteris Global Limited, Scarabee Systems & Technology B.V, and Daifuku Web Seimens Group.

Aspartame are, the global smart baggage handling system market will exhibit a whopping 19.30% CAGR between 2016 and 2025 and will rise up to US$7,210.8 mn by 2025. On the basis of geography, North America is predicted to Showcase a substantial growth of 20.5% cagr between 2016 and 2025 on a ground of the development of new airports across the region. In terms of Technology, it is expected that the radio frequency identification system (RFID) will exhibit promising growth in the years to come. By transportation, it is anticipated that the International Airport segment will hold key shares within the market.

Travellers Increasingly Seek Facilities Offering Better Transit and Safe Conveying of Baggage 

According to the lead author of this report, “the tremendous increase in traveling of late due to factors such as cross country business, globalization, trips, immigration, and emigration is anticipated to bolster the growth of the global smart baggage handling system market.” There is a growing need for better baggage handling systems at airports and railways as travellers are seeking better Transit facilities and expecting their baggage to be safely conveyed. This is compelling airport authorities as well as Railway operators to implement improved baggage handling systems for travellers.

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Increasing Concerns over Smuggling of Prohibited Goods to Drive Demand for Smart Baggage Handling Systems

As relying on high-end systems for sorting baggage can give a boost to the efficiency of handling baggage at airports while reducing manual work, smart baggage handling systems are increasingly being the preferred. With growing concerns such as smuggling of illegal items or transit of items that are not permitted through flights and train are also resulting in a higher demand for smart baggage handling systems. Apart from all these factors, the growth in the infrastructural developments resulting in developments of better railway stations and airports worldwide will accelerate the growth of the global smart baggage handling systems market.

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Enterprise Social Software Market to Witness Superiority of Large Enterprise in Terms of Size

The global enterprise social software market is foreseen to capitalize on opportunities brought in with the boom in big data and its analytics requiring solutions for collecting large volumes of data and extracting useful information to make improved decisions. A growing number of young employees familiar with social media and successful enterprise social software deployments could allow a myriad of favorable prospects to flow in the market.

According to Transparency Market Research (TMR), the global enterprise social software market could rake in a US$6.1 bn by 2022 end at a 20.0% CAGR between 2017 and 2022. In 2017, the market earned a US$2.4 bn.

Global Enterprise Social Software Market: Major Insights

The world enterprise social software market is predicted to be impacted by some influential trends such as the stable shift to inclusive suites and platforms. Vendors could be forced to shift to providing a multi-level support in the foreseeable future due to the surging demand for a single all-inclusive platform. Such a platform should be able to address all types of requirements including wikis, online communities, blogs, messaging, and email. The convergence of social and collaboration software into a single vital offering could also encourage market growth with the advent of social software. As a result, tasks such as messaging, emailing, and file sharing could be performed without the use of conventional tools.

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The world enterprise social software market is prophesied to be classified into small, medium, and large as per enterprise size. Out of these segments, the market could testify the dominance of large enterprise while it rises at an expected CAGR of 19.0% during the forecast period. On the basis of segmentation by vertical, the market could be divided into banking, financial services, and insurance (BFSI), healthcare, IT and telecommunications, retail, and government. By type of deployment, there could be important segments such as on-premise and cloud-based taking birth in the market.

In terms of geography, the world enterprise social software market is forecasted to be segmented into significant regions such as the Middle East and Africa (MEA), Asia Pacific except Japan (APEJ), North America, Latin America, and Europe and Japan as a key country. However, the market could find lucrative prospects in North America as it is projected to take a leading share of US$2.5 bn by the end of the forecast period. Europe could be another dominating region rising at a 16.5% CAGR. Japan and the MEA are anticipated to be on the slower side of growth in the market.

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SCADA Market: North America to Remain Lucrative Region through 2025

The global market for SCADA water and wastewater management is highly competitive in nature and is projected to remain in the similar situation in the next few years, states a new market research study by Transparency Market Research. It is moderately consolidated in nature with a few number of players holding a major share of the market. The key players in the market are focusing on the expansion of the product portfolio, which is predicted to enhance the market penetration in the next few years. In addition to this, the rising number of mergers and acquisitions is projected to support the growth of the overall market in the coming few years. Some of the key players that are operating in the SCADA market for water and wastewater management are Yokogawa Electric Corporation, ABB Ltd., Schneider Electric, Emerson Electric Co., Rockwell Automation Inc., Eaton Corporation, Honeywell International Inc., Tesco Controls Inc., SCADAware, and Parasyn.

As per the market research study by Transparency Market Research, in 2015, the SCADA market for water and wastewater management was worth US$1,267.4 mn and is projected to reach a value of US$2,172.1 mn by the end of 2025. The market is likely to register a healthy 5.60% CAGR between 2015 and 2025.

North America and Europe to Lead Global Market in Coming Years

The global market for SCADA for water and wastewater management has been categorized on the basis of geography into Europe, North America, Latin America, the Middle East and Africa, and Asia Pacific. Among these, North America is expected to account for a large share of the global market in the next few years. The increasing popularity of cloud-based SCADA is one of the major factors estimated to encourage the growth of this region in the next few years. Furthermore, Europe is projected to witness a healthy growth in the coming years. On the other hand, Asia Pacific is projected to register a strong growth rate in the next few years, thanks to the rising demand for employing efficient processes.

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On the basis of end use, the global market has been categorized into industrial and residential. The industrial segment has been further classified into food and beverages, chemical, pharmaceuticals, and others. The residential segment has been further segmented into private and government. As per the research study, the industrial segment is projected to account for a large share of the market in the coming few years. The rising contribution from the food and beverage segment is the key factor projected to enhance the growth of the overall market in the near future.

Technological Developments to Encourage Market Growth 

The increasing demand for water and wastewater treatment is one of the major factors estimated to encourage the growth of the global SCADA market for waste and wastewater management in the next few years. The rising government investments and the technological advancements in this field are further projected to enhance the growth of the overall market in the coming few years. The key players in the market are focusing on developing economies, which is projected to enhance the growth of the market throughout the forecast period.

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Video Cards and GPU to Remain Dominant Hardware Component in 3D Animation Market

The global 3D animation market is prognosticated in a report by Transparency Market Research (TMR) to witness a massive influx of new players attracted to remunerative opportunities available. With a view to enjoy the advantage of skilled and cost-effective labor and take the edge off challenges related to in-house research and development, a significant count of players are expected to involve themselves in mergers and acquisitions. For instance, Solid Angle S.L. was acquired by Autodesk in April 2016. The market marks the presence of top players such as Adobe Systems Inc., Nemetschek SE, and Autodesk Inc.

TMR envisages the global 3D animation market to be worth a US$26.8 bn by the end of 2022 while rising at a 14.5% CAGR during the forecast tenure 2017-2022. In 2017, the market was valued at a US$13.6 bn. By hardware, it could be led by video cards and graphics processing unit (GPU), which accounted for a 35.7% share in 2017. Regionally, North America is anticipated to collect a lion’s share while expanding at a CAGR of 17.4%.

Emergence of AI, VR, and AR Increases Competition, Encouraging Growth

The entertainment and media industry has been raising high demand for 3D animation with increased adoption in the recent years. Besides improved adoption of 3D animation and visual effects, the industry has been pushing the global market based on other important factors. The world 3D animation market could be boosted by the advent of AI, VR, and AR and increasing competitiveness as a result of it. Furthermore, rising interest in watching animated movies is predicted to set the tone for valuable growth of the market.

Uptake of 3D mapping technology could surge because of high demand for 3D mobile applications and games. Growth of the world 3D animation market is foreseen to see a rise owing to swelling adoption of the technology in geospatial navigation and analysis.

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Piracy and Corruption Cause Demand for 3D Animation to See Downfall

The international 3D animation market has seen rapid adoption in different end-use industries such as education, healthcare, and manufacturing. However, vendors are foretold to face certain challenges in their operation. These include price sensitivity, low proficiency level, and constant exposure to piracy and corruption.

Nonetheless, there could be lucrative prospects birthing in the international 3D animation market due to new product launches and recent developments in the industry. This could be evidenced by the emergence of 3D-Coat, SideFX, Pixologic, and other highly innovative offerings. Some of the other powerful growth propellants of the market could be tax reliefs, subsidiaries, incentives, and other government initiatives. Moreover, expansion of the gaming industry owing to increased interest of teenagers in gaming is projected to create ample of opportunities in the mark

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Mixed Reality in Gaming Market: Personal End-use Vertical to Outshine amongst all

The presence of a copious number of small and big players makes the mixed reality in gaming market fragmented, as per a recent market publication by Transparency Market Research (TMR). The market is foreseen to witness the entry of regional players leading to further fragmentation and stiff competition among players for greater market share. In this scenario, savvy players are pouring money into research and development to set up new facilities for innovation. These players are also vying for partnerships and alliances to tap into technological expertise and understand cultural preferences to develop games for regional markets. Collaboration of Microsoft with HP, Lenovo, Dell, and Acer to develop mixed reality headsets is a case in point.

Some of the key companies operating in the global mixed reality in gaming market are Canon Inc., Microsoft Corporation, Infinity Augmented Reality Inc., Seiko Epson Corporation, Lenovo Group Ltd., CCP hf,., Six Flags Entertainment Corporation, Osterhout Design Group, Dagri LLC, Magic Leap Inc., Recon Instrumnets Inc., Ubisoft Entertainment, HTC Corporation, Meta Company, and Samsung Electronics Co. Ltd.

As per estimates of a report by TMR, the global market for mixed reality in gaming is predicted to rise at a stellar 38.06% CAGR in terms of revenue for the forecast period from 2017 to 2025. At this rate, the market is estimated to be worth US$187.13 mn by the 2025 end. By component, mobile apps led the market in 2015 followed by software. In terms of application, entertainment segment is likely to hold the maximum share of the market over the forecast period. Vis-à-vis revenue, the personal end-use segment is predicted to lead the overall market through 2025. Geography-wise, North America is registered to be the most lucrative market for mixed reality in gaming powered by growth in the U.S. and Canada.

Demand for Immersive Virtual Gaming Experience Boosts Growth

At the forefront of driving the mixed reality in gaming market is unceasing growth of the gaming industry. The rising demand for mixed reality in video games among gaming geeks is likely to bode well for this market’s growth. The incorporation of mixed reality provides an immersive virtual environment and enables gamers to experience virtual reality on their gadgets. For example, the launch of Microsoft Hololens motion controllers and developer kits is serving to aid market players stimulate the development of mixed reality in gaming.

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The ceaseless adoption of smartphones equipped with mobile data is generally stoking demand for entertainment and informative apps. Gaming apps especially the ones that provide immersive virtual environment account for widespread demand among gaming enthusiasts.

Integration of Phenomenon in Theme Parks to Fuel Growth

Apart from this, increasing adoption of mixed reality in gaming technology in amusement parks and military training is likely to bode well for the market’s growth. Large theme parks in developed countries such as the U.S. are making hefty investments to integrate mixed reality in gaming technology to provide an immersive gaming experience. Brand name theme parks are also investing to design and develop mixed reality in gaming technology based theme parks.

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Energy Efficient Lighting Technology Market: Ability to Save Electricity Buoys Demand

Astute players in the global market for energy efficient lighting technology are focusing on developing sophisticated yet affordable environment-friendly, reliable lighting products to cater to the different requirements of customers. In fact, it has been noticed that already some companies are offering energy efficient lighting and control solutions with a variety of styles and functionalities that provide flexibility to design and business. In order to bolster their positions further, companies are also seen taking the inorganic route of mergers and acquisitions.

Some of prominent names operating in the global energy efficient lighting technology market are Apple Inc., Bajaj Electricals Ltd, Bridgelux Inc., Cooper Lighting, Cree Inc., Digital Lumens, Inc., Eaton Corporation, GE Lighting, LIGMAN Lighting Co., Ltd, Nichia Corporation, and OSRAM GmbH.

A report by Transparency Market Research forecasts the global energy efficient lighting technology market to attain a value of US$300 bn by 2025 by rising at CAGR of 7.9% during the forecast period from 2017 to 2025.

Depending upon the type of products, the key segments of the global energy efficient lighting technology market are incandescent lamp, light emitting diode (LED), arc lamp, and gas discharge lamps. Among them, the LEDs are predicted to rise at maximum pace on account of their soaring popularity resulting from their different customized shapes for both commercial and residential purpose.

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Geographically, some of the main regions in the global energy efficient lighting technology market are Asia Pacific, Europe, South America, North America, and the Middle East and Africa. Of them, Asia Pacific is a key region in terms of contribution to overall revenue. This is because of the presence of a large number of manufacturers and the easy availability of raw materials in the region, which makes it possible to reduce costs and manufacture affordable products. The market in Asia Pacific is expected to retain its dominant position in the near future by pulling a revenue of US$82.86 bn by 2025.

Energy efficient lighting technology is a clutch of energy efficient equipment, effective controls, and design structure used for lighting purpose. Not only do they serve to bring down energy consumption, but also illuminate effectively. With electricity production being limited and pollution levels rising by the day, such advantages are majorly fuelling demand in the global energy efficient lighting technology market.

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