Smart Homes Market Brings Unprecedented Data With New Challenges

The global smart homes market is envisaged in a report by Transparency Market Research (TMR) to witness a moderate degree of competition due to the presence of a small number of players. However, the factor of high profitability could encourage more players to enter the global smart homes market during the forecast period 2017-2025. Merger and acquisition and constant improvement of product portfolio are expected to see high adoption among players to gain a stronger share of the global smart homes market. Some of the leading players of the global smart homes market are Schneider Electric SE, Johnson Controls, Inc., and Honeywell International, Inc.

TMR envisions the global smart homes market to post a 14.6% CAGR to reach a US$97.61 bn in valuation by 2025. In 2016, the global smart homes market was valued at a US$30.02 bn. Among applications, HVAC control could bag a colossal share of the global smart homes market by the end of the forecast period. In 2016, it collected a 27.2% share of the global smart homes market. From a geographical standpoint, the smart homes market is foreseen to find North America taking its command in terms of revenue growth. In 2016, the regional smart homes market accounted for a 38.7% share.

Rising Need to Save Energy and Enable Automation at Homes to Boost Growth

The global smart homes market is predicted to gain momentum in its growth because of the rising adoption of IoT. Urban populations showing an increasing inclination toward home automation for saving energy could set the tone for valuable growth in the global smart homes market. On the other hand, reducing prices of processors and sensors is expected to improve the demand in the global smart homes market. The growing need to improve home security, high focus on enabling ease of living, and rising disposable income of people could create several opportunities in the global smart homes market.

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The advent of high-speed internet and increasing demand for Wi-Fi connectivity are prophesied to provide a fillip to the global smart homes market. Besides North America, Europe could witness a strong rise in the demand for smart homes owing the need to reduce energy consumption and presence of a significant count of industries in the region.

Extortionate Cost of Smart Home Services to Provide Headwinds to Market

The requirement of constant maintenance and expensive cost of various tools and services are forecast to hamper the demand for smart homes. Rising number of privacy issues and cases of security breach could make up another factor dampening the growth of the global smart homes market. However, improving adoption of power line communication technology is prognosticated to bolster the global smart homes market. On the other hand, the need to improve energy efficiency and enhance entertainment, security, lighting controls, and other applications in residences could augment the demand in the global smart homes market.

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High Performance Computing Market Is Set For A Rapid Growth By 2019

High Performance computing is defined as aggregation of processes for delivering higher and efficient performance as compared to other desktop workstation or computer helping the companies to solve problems related to engineering, business, or science. High performance computers are clusters of more than one processor with node size range from 16 to 64 nodes. High performance computers help to solve problems of recurring and complex operations as individual nodes work together and hence can solve problem more efficiently than one computer.

High performance computing has wide applications in various fields such as weather forecasting, molecular modeling, physical simulations, and quantum mechanics. Factors such as economic competitiveness and new product innovations are driving the demand for high performance computing market currently. Moreover recent developments such as cloud based approach in high performance computing market are captivating SMEs (small to medium-sized enterprises) in the market. SMEs using high performance computers would minimize the initial investments for building infrastructure, hardware implementation and thus the high performance computing market is expected to grow exponentially in near future.

Globally high performance computing market is experiencing a strong adoption as increase in data centers and huge investment by government is increasing rapidly among the users. High performance computing applications are experiencing a rapid adoption as users are able to solve challenges related to simulation and scientific modeling of different processes and events.

High performance computing refers to the use of algorithms, networks, and environments for computers ranging from small clusters to super computers in order to make the system usable. High performance computing helps to stimulate a “bio-molecule” of 10000 atoms, which enables the user to do large simulations for larger molecules. High performance computing market is rapidly growing for use in scientific computing as it helps in deliverance of cost-effective and flexible solutions. Increased growth of commercial web applications is a key factor helping to increase the demand of high performance computing solutions globally. Linux cluster are the most preferred clusters while operating high performance computers.

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The demand for high speed computing market is driven by factors such as advancements I cloud computing, convergence of big data, development of new technologies and solutions for embedded processors, hot water cooling, and nonvolatile memory, among the others. Governments across globe are recognizing the need of high performance computing due to importance of factors such as competitiveness and security as key areas of concern. High performance computing market has extensive use across verticals including communications, defense, and biotech, among the others. Pricing is a key factor which would determine the future potential of high performance computing market. Other factors such as power and cooling, and cost of compute resources, among the others are restraining the market growth.

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Future of 5G Service Market – Next-Gen Wireless System Set To Enable Our Connected Future

Smart mobile networks are expected to connect with more devices, handle more data, significantly reduce latency and bring new levels of reliability. 5G service has been designed to meet these needs by pooling bandwidth to boost speed and range. In addition, the rising demand of mobile data traffic volume is influencing the growth of 5G service globally and this factor is anticipated a significant growth during the forecast period.

Moreover, increasing dependency on machine to machine communication is further booming the market of 5G service and this trend is attributed a robust growth during the forecast period. Additionally, rising demand for broadband services is further booming the growth of 5G services. The impact of this factor is medium in recent times and is anticipated to be high during the forecast period. Growing demand of high speed and large network coverage is influencing the growth of 5G services globally.

The global 5G service market is segmented in one category: by application. Based on application of 5G services the market is segmented into Energy and utility, automotive, healthcare, retail, consumer electronics, industrial automation, intelligent building and infrastructure, public safety and surveillance and home automation. In terms of energy and utility application the market of 5G services further segmented into smart grid, connected pipeline, connected logistics, physical security, mobile workforce management and asset management.

In terms of automotive application 5G services the market can be further segmented into road safety and traffic efficiency, intelligent navigation and digital logistics. Based on healthcare segmented the market bifurcated into Mhealth, connected health and telemedicine.

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In terms of retail segmented the market of 5G services is further segmented into field force tracking, supply chain management, remote monitoring, end consumer retail automation and field force productivity and automation. Based on consumer electronics of 5G services the market can be bifurcated into smart appliance, smart TV and smart TV consoles, wearable devices. In terms of industrial automation the market of 5G services is further segmented into machine type communication, impact of IoT (Internet of Things) and remote machinery. Intelligent building and infrastructure segmented is further segmented into facility management and energy optimization and parking management.

Based on public safety and surveillance segment the market of 5G services is bifurcated into surveillance systems, emergency and disaster management, C2/C4ISR system and public address and general alarm. In terms of home automation application segment the market of 5G services further segmented by lighting control, HVAC control, security and access control, entertainment control and others.

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Internet of Things Testing Market Brings Unprecedented Scale With New Challenges

The Internet of things (IoT) represents a giant network of interconnected devices or things that are embedded in the existing internet infrastructure. These things can include a variety of objects such as electronics devices, vehicles, equipment, sensors, and consumer appliances. The concept may signify the sharing of data and information with people and animals connected to the infrastructure in near-real time. The proliferation of connected devices and the soaring popularity of IoT among enterprises in developed and developing nations have led to the pressing need for IoT testing mechanisms.

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Developing an effective IoT testing mechanism foregrounds evaluating key aspects such as compatibility and usability of the interconnected devices, security of the network, the connectivity, and overall performance of the system. Furthermore, enterprises implementing IoT should take into account the integration of new devices and technologies with the existing network.

A number of IoT testing service providers have emerged in the market who provide various managed services or professional services such as compatibility testing, pilot testing, regulatory testing, and upgrade testing. There are several implementation challenges in IoT testing that service providers must take into account. One such challenge is finding solution to the hardware-software mesh of the components. Functionality testing is limited in scope for understanding the dependence of hardware and software in the system. This calls for real-time communication among the IoT devices. The real-time data testing is fraught with creating viable regulatory points for pilot testing, noticeably in healthcare and medical industries.

Internet of Things (IoT) is a scenario where each and every object along with human beings or animals is connected to internet in order to send or receive data. It does not involve direct interaction with computers. The networking is more commonly known as connected devices or smart devices. With the advent of smart devices, the need to test the equipments for performance is pertinent. Hence the market for internet of things testing is expected to witness significant growth during the forecast period.

The market for internet of things testing is driven by several factors. The use of IoT in retail has helped the retailers to manage their goods and sell them online. In addition, the application of IoT also helps the vendors to manage their inventory effectively. Moreover, the integration of internet and the development of retail applications for mobiles are giving the users the possibility of shopping online without having to go to the stores. Moreover, IoT also ensures that the buyers can buy the things online and get them delivered at their desired address.

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Role of Digital Twin Technology Market in Future for Industrial Services

The digital twin concept is a rising digital profile of a procedure or a physical product speaking to its utilitarian and behavioral qualities utilized for execution enhancement. The innovation has empowered augmentation of the genuine and the virtual world through constant digital portrayals of physical products that can reach out to each phase of the product improvement lifecycle appropriate from thought age to commercialization. Such digital models mimic the articles in a live setting empowering improved product analysis and process advancement. Because of its huge potential to enhance decision making, digital twin has been perceived as one of the key innovations in the past couple of years.

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A large portion of the undertakings are generally receiving the innovation as it helps in enhancing the physical world which thus fundamentally enhances the operational proficiency and the business procedure. The digital twin innovation comprises of sensors that assistance in gathering the information which will represent the continuous information of the physical resource. An interface is produced by the digital twin innovation which encourages the associations to think about their various times operations with the goal that they can take better choices for what’s to come. The digital twin innovation has been embraced in a few modern applications, for instance, wind turbines and aircraft engines. Moreover, digital twin innovation is likewise utilized for trending applications like smart cities, diagnostics and monitoring.

Global Digital Twin Technology Market: Overview

The concept of a digital twin, which has been around from 2002, has become economically viable on account of latest, modern technologies such as the Internet of Things (IoT). IoT makes it cost effective to deploy. Digital twin technologies find application in product design and manufacturing process planning. Some of the end-use industries where they are used are healthcare, aviation, transportation, oil and gas, automotive, power and utilities, chemical, etc. Some of the types of software used for digital twin technologies are APDV, Predix, DTS-Si, etc.

A report by Transparency Market Research offers important information on the global market for digital twin technology by examining its various facets. It discusses the growth drivers, restraints, and trends in the market. It also makes use of popular analytical tools such as Porter’s Five Forces and SWOT analysis to comprehend the current competitive dynamics and segments the overall market into different groups to study it thoroughly.

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Embedded System Market Rides High on the Back of Growing End-use Applications and Innovations

The global embedded system market is expected to witness a robust growth due to increase in demand for devices with embedded systems. These devices are contributing to growth in a wide range of sectors including defense, consumer, industrial, automotive, medical, and commercial. Embedded systems often undergo major changes which improve the use in end-use applications with increased sophistication and advancements in hardware. Key companies in the global embedded system market are expected to pour in large investments in research and development (R&D).

Hence, the global embedded systems market is expected to register a 6.4% CAGR rise during 2015 to 2021. The market is expected to reach US$233.19 bn by 2021 end. Apart from the drivers mentioned above, here are some more important points about the embedded systems market:

• The growing demand for embedded systems in the automotive industry is also expected to fuel the growth of the market. Various small-sized electronic and electrical components make up vehicle body framework.
• The demand from the automotive industry is expected to grow further as smart sensors, infotainment systems, and AI systems are increasingly integrated in vehicles.

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• The growing demand from telecommunications, defense, healthcare, consumer electronics, and aerospace is expected to boost the embedded systems market during the forecast period. Increasing interest among consumers for smart-gadgets, laptops, and tablets is expected to drive the consumer electronics segment. Each of these sectors is focused on bringing new development with the demand for more complex functions and higher accuracy.
• New horizons such as automated smart home setups and AI-driven automobiles are also expected to emerge as a leading application segment.
• Region wise, the North America embedded systems market is expected to make significant gains due to presence of large established players in the region. Growing automation in manufacturing as well as healthcare can also boost market growth between 2015 and 2021.

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Home Automation Technologies gather Increasing Steam in Home Security and Surveillance Services

The home automation market unarguably is in constant state of evolution. The growth trajectories seemingly ride on the back of rapid digital integration in consumer products. The troika of convenience, comfort, and control is a compelling proposition driving the vast assortment of home automation products. Increasing affordability over time has one of the primary drivers for mainstreaming of smart homes technologies among homeowners in various regions across the globe. In recent years, growing popularity of voice control solutions is a case in point.

The prospects are vast. As a study by Transparency Market Research puts it, the global home automation market will clock a worth of US$ 116.26 Bn by 2026 end. One of the central facets of adoption of home automation products is high level of security and safety they provide from across the world. In all these, internet of things technology (IoT) has played unparalleled role in setting connected homes.

Advances in Home Connectivity Technologies underlie New Frontiers for Manufacturers 

Considerable advances in artificial intelligence have bolstered the capabilities of these devices, unlocking promising prospects. Furthermore, constant upgrades in home connected devices have undoubtedly expanded the potential of home automation technologies.

Several trends underlie the rising attractiveness of a slew of home automation devices especially in developed countries. Unprecedented advances in the market relate especially to connectivity technologies. Furthermore, a slew of home automation systems are characterized by advanced electronics, advanced monitoring technologies, and imaging systems. Moreover, developments in the home automation market is notably marked by rising usage of products for home security.

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On the regional front, a number of developing and developed regions are expected to be potentially lucrative markets for home automation. In particular, Asia Pacific has shown unprecedented growth prospect in recent years. A factor behind this can be growing adoption of home automation for video surveillance services. Moreover, HVAC and lighting systems equipped with automation are gaining currency into the smart home landscape.

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