Transportation Analytics Market: Next Wave of Growth for Transportation and Logistics Companies

With rapid technological advancements, there is need for efficient transportation. Inefficient transportation difficulties are expensive as well as time consuming. The major concern is in building the infrastructure for transportation such as roads, highways, and railway tracks. This is because manufacturing a car is less time consuming than construction of roads, tracks etc. Rising population and the migration of people from rural areas to the metros is responsible for traffic congestion.

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Traffic congestion enhances fuel consumption, travelling time, and air pollution and reduces the effectiveness of transportation infrastructure. To overcome these issues, countries such as the U.S., Germany, U.K., and Japan are deploying transportation analytics solutions. It is important to utilize the existing infrastructure efficiently to avoid congestion and improve the travel time and day-to-day transportation.

There is a rise in demand for better access to markets, assets, customer bases and customers. Improved access to resources provides efficient control to companies. There have been several improvements in applications across the verticals of transportation analytics and system market, advanced transportation control systems, analytic solutions, and management solutions. Transportation analytics integrated with advanced transportation control systems along with system integrators are helping to avoid problems associated with transportation systems.

Transportation analytics helps in extracting all the data related to transportation and provides actionable insights. It involves high performance reporting and analysis tools to measure the performance of transport logistics. Transportation data from a variety of different sources automatically flows into an analysis system to a secure way. It is then associated together and processed to generate detailed figures and reports. Transportation analytics helps in enhancing driving efficiency while reducing congestion. It also contributes in optimizing public transport using current fare data.

Data related to transportation is collected and utilized in order to manage the system effectively. There should be a proper monitoring and evaluating system in place. The applications derived from the transportation analytics are profiting the users greatly and additional innovations are expected in the coming years. There are various transportation management solution which includes ticketing management, parking management, fleet management and others. These solutions help firms in effectively managing the transportation and logistics segment.

Transportation analytics involves technologies such as cameras, sensors, and geo-tracking with analytics and helps to determine availability of particular parking slots, in turn reducing congestion. Emergence of smart vehicles on developed roads contributes toward better safety, communication facilities, and advanced infrastructure. This automates the overall management of control systems. There is rapid increase in awareness among passengers/travelers to effectively manage, monitor, and modernize their travel.

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An Innovation Perspective on Esports Market and Its Implications

Esports or electronic sports are a group of sports played online via video games. Each team or individual competes in various popular online games and sponsors compete for a bigger share of the global audience. Esports market is home to intense competitions which increasingly take place in front of a live audience to build and measure audience loyalty.

These sports competitions are becoming increasingly popular in recent times. According to recent estimates, Esports market caters to over 380 million audience online every year. North America and China are home to some major players in the esports market. A sizeable share of the total revenue in the esports market is generated from these two regions. Europe is also a prominent market.

The revenue model in esports market works in a similar manner as in traditional sporting competitions. Most important revenue streams include sponsorships, advertising, publisher fees, ticket sales, and merchandise.

The most popular genres in esports market culture are first-person shooter (FPS), real-time strategy (RTS), battle royale games and fighting, and multiplayer online battle arena (MOBA). Popular games for esports include FPS titles Counter-Strike and Call of Duty, MOBA titles like Dota 2, and League of Legends, and tactical shooters like Rainbow Six Siege and CrossFire.

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YouTube and Twitch have become central to driving esports market worldwide.  Major league gaming in esports has reported 85% male viewership and 15% female viewership. Despite the skewed ratio, several prominent female personalities within esports are hopeful about the bright opportunities for female gamers. Recently, first esports arena opened in Santa Ana, California. It is the U.S. first dedicated esports facility.

Globally, the demand for video games and online video games has grown largely. People across the globe are now taking huge interest in esports and investing their time and money in it. These factors have accelerated the global esports market significantly. Increasing awareness about esports is also playing a significant role in driving the global esports market. Moreover, large-scale investments in esports are also expected to drive this market.

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IoT to Change the Future of Advanced Packaging Technologies Market

In its latest report titled – “Advanced Packaging Technologies Market – Global Industry, Size, Share, Growth, Trends and Forecast, 2018–2026,” Transparency Market Research (TMR) delivers key insights on the consumption of a variety of packaging products, with advanced packaging technologies used in different end uses. According to TMR, the global advanced packaging technologies market is projected to clock a CAGR of 7.5%, during 2018-26, which is attributed to several factors, on which, the advanced packaging technologies report provides thorough insights and forecast. The Asia Pacific advanced packaging technologies market is expected to witness the highest CAGR value of 9.1%, during the forecast period.

The market research study on the global advanced packaging technologies market includes market assessment of different types of advanced packaging technologies i.e. active packaging technologies and smart & intelligent packaging technologies. Active packaging products include oxygen scavengers, moisture scavengers/absorbers, ethylene absorbers, active releasing systems, antioxidant releasers, carbon dioxide emitters, modified atmosphere packaging, temperature control packaging, and anti-corrosion films. Smart & intelligent packaging products include TTI tags & labels, freshness indicators, oxygen and CO2 indicators, RFID, and others.

TMR suggests that the increasing consumption of convenience products such as packaged food & beverages has fuelled the demand for advanced packaging technologies globally. However, the demand for products with advanced packaging technologies is also increasing at a faster pace for applications in other end-use industries such as pharmaceuticals and chemical industry. Packaging products with advanced packaging technologies are widely used to protect products from counterfeiting and provide product information to the consumers in the pharmaceutical industry. Intelligent packaging solutions have gained significant traction in recent years due to the ability of these packaging products to provide information about the product and its constituents at the point of purchase.

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Leading brand owners are planning to use advanced packaging technologies for their products to create brand differentiation and enhance the traceability of their products. The active packaging segment dominates the global advanced packaging technologies market with the market value share of more than 90% in 2017. In the active packaging segment, modified atmosphere packaging and oxygen scavengers are the two largest segments in terms of both market value and consumption.

Temperature and freshness indicators are also gaining momentum for advanced packaging of some food products globally. The advanced packaging technologies market offers substantial growth opportunities for the new entrants and existing packaging manufacturers. Companies could focus on embedding advanced packaging technologies in their conventional packaging products to gain significant attention from the brand owners as well as consumers. The global advanced packaging technologies market is expected to grow at a CAGR value of 7.5% during the forecast period.

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Increasing Adoption of Advanced Technologies to Fuel Demand for Artificial Intelligence

Integration of artificial intelligence is skyrocketing, as the global industries are inclining towards employing advanced technologies. Large number of industries are employing artificial intelligence to draw systematically analyzed information. Growing progression need in the question acknowledgment, zones of machine interpretation, and protest observation has further increased the need for artificial intelligence. Moreover, rapidly growing information generation and its storage capacity, parallelization, and high computing power has increased the need for artificial intelligence. The need for gaining meaningful insights understanding and analyzing visual contents is likely to provide traction to the industry over the projected tenure.

However, lack of technical expertise related to newer techniques and slow adoption rate are likely to deter the demand in the global artificial intelligence market. In addition, high installation and development cost of artificial intelligence systems is also expected to hamper the growth prospects in this market. But with increasing data stockpiling limit and advanced parallel handling capacities the effect of these restraints might reduce over the period of time and the market might grow efficiently. 

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Increasing Competition among key Players to Expand Market Performance

Players operating in this market are experiencing high degree of competition. To name some of the prominent players in the market are Google Inc., Next IT Corporation, IBM Corporation, Brighterion Inc., and IntelliResponse Systems Inc. who have higher share in the global artificial intelligence market. Leading players in the market are engaged in high research and development activities to bring products with the most advanced technique. Moreover, these players are also diversifying their product lines and to offer technologically advanced products. They are also engaged in different business development strategies such as mergers and acquisition, expansion, collaboration and partnership. Use of these strategies will help in gaining large share in the market and expand their business at the global level.

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Global Wire and Cable Market Soars High with Wings of Innovation

The global wire and cable market is catering to a wide range of diverse demands as emerging countries and developed countries significantly differ in product application. For example, regions such as North America and Europe have become mature markets and the demand for fiber optics and innovations in the use of copper are key dynamics in these regions. On the other hand, Asia Pacific, Latin America, the Middle East, and Africa are witnessing a growing demand for copper- based solutions to meet the needs of the expanding construction industry. New residential complexes and rapidly growing commercial establishment are driving the markets in emerging regions.

However, growing urbanization, digitalization, and innovation like autonomous vehicles are expected to drive demand in all the regions during 2018 – 2026. The global wire and cable market is predicted to rise at a CAGR of 4.1% during 2018-2026, and reach valuation of US$235.9 Bn by the end of the forecast period.

Autonomous Vehicles Drive Demand for High Quality Special Cables

Technological innovations, government support for initiatives like smart cities, and growing disposable income have led the demand for next-generation autonomous vehicles. Automobiles are also increasingly expected to offer more comfort, safety, and enriching features. In order to produce autonomous vehicles, the automotive industry requires high quality special cables. These cables can potentially transfer large amounts of data in a reliable manner between sensors, control units, and key vehicle components. The new demand for the auto industry is a lucrative opportunity and expected to drive growth of the global wire and cable market.

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Transformational Change in Communication Drives Growth of Optical Fiber Cable 

Large industry sectors like telecom and households depend on technologies such as resistance to electromagnetic interference, high bandwidth, low power loss, and low security risk in order to enhance everyday communication. Digitalization and rising frontiers such as intelligence of things (IOT) are expected to become a game-changer for optical fiber cable. The optical fiber cable embeds the advantages mentioned above plus provides potential scalability by nearly matching light speed in data transfer application. Rising demand for optical fiber cable in communication is expected to provide a major boost to the global wire and cable market.

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Advancement in AI and IoT to Propel Growth in Global Smart Toys Market

The global smart toys market is estimated to witness a significant growth in the span of coming years. The progress is credited to the several supporting factors such as improvement in latest technologies of Internet of Things and Artificial Intelligence (AI). Moreover, changed lifestyle among the urban people along with the surge in their disposable income, and increased awareness with respect to the advantages of the smart toys, outdoor and indoor, both are the additional factors fueling the market demand. Even though the prices of these advanced products remain a major hindrance in the market development, the key players in the global market are relied upon expanding their reach.

North America smart toys market was worth US$1,802 mn back in 2017, and growing at a CAGR of 3.3% within the forecast period from 2017 to 2022. By the end of forecast period, the smart toys market is valued to be around worth of US$2,119.2 mn. High adoptability rate of new innovation and generous purchasing capacity of the people of developed nations, for example, Canada and the U.S are two essential drivers helping toward the North America delicate toys market. 

Then again, in 2017, Europe established 23.9% of the entire demand, the second most conspicuous piece of regional deman in the global smart toys market. Nevertheless, Asia Pacific is anticipated to encounter a better than expected CAGR of 3.9%, the best among all regions. 

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The vast majority of these players are contributing intensely on innovative work activities, as new and specialty items encourages them earn more deals. In spite of the fact that the market is as of now in early stage, progressions in the field of AI and IoT are required to open up perpetual potential for product in smart toys market.

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5 Factors Hint Massive Growth for Chatbot Market

Few years ago, when a person opened a company’s website, it was common to chat with a customer care executive. Today, things have changed. It is highly possible that when someone logs into a website, h/she will be prodded by a chatbot asking if they need help. It does not end here. Chatbots have evolved in the past few years, and are useful in handling functions beyond customer care. These aspects show promise for growth in the global chatbot market. 

A chatbot is a computer application or artificial intelligence that indulges in conversation with the user via text or audio. They are highly useful to tackle redundant business operations, helping manage work efficiently. 

Rise in Adoption of Automation Invokes Demand 

Business and companies across the globe are swiftly migrating to automation to reduce cost and improve efficiency. As automation gains prominence, the need for chatbots will also gain traction. It would be fine if chatbots are accorded as automation. This adds significance to the global chatbot market. 

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The primary role of chatbots is to take care of common issues and repeated business processes. A computer program with the right inputs can easily manage these tasks efficiently. Thus, the global chatbots market is predicted to grow at a substantial rate in the future. 

Booming E-Commerce Favors Growth 

The global chatbot market is highly influenced by the performance of e-commerce market. A large number of e-commerce websites use chatbots to attend to queries of customers. For instance, issues like delivery, payment, reimbursement, product quality, service quality, and more can be addressed to an extent by a chatbot. This way, customers are able to get to the exact issue quickly and helps the company reduce the time of grievance redressal. This is a key factor for growth in the global chatbot market. 

Sales and HR are Prominent Applications for Chatbots 

With advancing research, it has been established that chatbots are highly useful in improving sales and HR functions. In sales, they can help professionals maintain records of clients and can be available at a click whenever needed. This is a notable trend in the global chatbot market.

In HR, chatbots helps simplify elaborate processes like hunting candidates, scrutinizing them, and organizing interviews. Further, they can also manage redundant queries from employees regarding leaves, policies, salary, and other perks. As a result, this will drive growth in the global chatbot market. 

Use in Personal Life to Stoke Growth 

One of the major highlights of chatbots is the recent development of products by leading tech companies. They are designed to ease personal routine of people. For instance, one can grab the news of the day, get weather updates, book movie or flight tickets, find restaurants and more. They work on voice command, and are highly useful for people. The rising fascination for such devices among people are stoking growth in the global chatbot market. Further development in this device will enable new features and add more applications to their kitty. This will further augment growth in the global chatbot market. 

High End Technological Infrastructure to Influence Growth in North America 

U.S. in North America is known for its well-developed technological infrastructure. Most parts of the country are connected with internet, making it easy for people to implement chatbots in their businesses and personal lives. Further, a large presence of tech giants in the U.S. is another favorable factor for the the global chatbot market. 

Another region that will remain crucial for the global chatbot market is Europe. With almost equally developed technological infrastructure, Europe is considered an important region for players in the global chatbot market.

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