Mobile Money Market – SMS Payments to Remain Most Popular Means of Conducting a Mobile Money Transaction

The global mobile money market is currently witnessing intense competition, which is expected to intensify further with the entry of new players in the coming years. As per a new study by Transparency Market Research (TMR), Square, Inc., PayPal Holdings, Inc., Boku, Inc., WePay, Inc., and Fortumo OÜ are some of the leading market players. These companies held nearly 40% of the global market in 2015.

Leading companies in the market are looking to consolidate market share to gain competitive edge. For instance several companies are engaging in strategic collaborations, while several others are acquiring promising smaller players to have a stronger foothold in the global mobile money market. Furthermore, many emerging and established players are offering small and medium-sized companies user-friendly and secure features in order to gain competitive strength. Also as a part of their strategy, the market players are capitalizing on opportunities available in emerging economies across the world.

According to TMR, the global mobile money market is expected to rise at a remarkable rate of 22% between 2016 and 2024. In 2014, the global market was valued at US$17.25 bn. Among the various modes of payment the market offers, the SMS mobile payment segment held dominance in 2015 and is forecast to continue leading the market through the course of the report’s forecast period.

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Regionally, the global mobile money market is segmented into Latin America, Asia Pacific, North America, Europe, and the Middle East and Africa. Among these regions, Europe held lead in the global and is forecast to remain dominant in the coming. The rising penetration of internet and latest technologies, besides considerable advancement in telecommunication sector will support the expansion of the mobile money market in Europe.

Increasing Penetration of Mobile Telephony Boosts Growth

In the coming years, the global mobile money market is likely to gain significantly from the increasing penetration of mobile telephony and smartphones. Also it is likely to gain from the increasing demand for SMS-based payment options. As per TMR, the rising popularity of transactional payments using SMS as a medium in countries across Europe, Asia Pacific, and the Middle East and Africa will enable growth in the market in the coming years. Also, the market is expected to gain from the increasing dependence on mobile money transfers. Against this backdrop, the advent of highly secured payment methods will give significant impetus to the global mobile money market.

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Nanosatellite and Microsatellite Market Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2024

The global nanosatellite and microsatellite market are expected to witness highly competitive vendors landscape as new entrants are entering in the nanosatellite and microsatellite market, states Transparency Market Research (TMR) in its new report. As the nanosatellite and microsatellite market is potential, therefore the new entries in this market are rising significantly. Vendors in this market are heavy investing in research and development activities both by government and by private organizations.

Moreover, vendors are making efforts by providing various services such as launch, manufacturing, and of data processing to maintain the competitive edge in the nanosatellite and microsatellite market. Some of the leading players in the global nanosatellite and microsatellite market are Lockheed Martin Corporation, Raytheon, Clyde Space, Inc., Planet Labs, Inc., RUAG Group, Innovative Solutions In Space (ISIS) Group, GomSpace, Sierra Nevada Corporation, Skybox Imaging, Inc., and SpaceQuest Ltd.

As per the analysis done by the author of the report, the global nanosatellite and microsatellite market is projected to reach a valuation of US$ 2.2 bn by the end of 2024. The during the forecast period from 2016 to 2024 the market is expected to expand at a CAGR of 12.1%. Under the application category navigation and mapping segment is projected to lead the market during the forecast tenure.

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The significance of this segment is highly related in military and defense, scientific research, and various other. Regional growth is estimated to boost in Asia Pacific in the coming years. In North America is leading the global market, wherein the U.S. is extremely creative in using nanosatellite and microsatellite and with entrance of new vendor sin the market.

Defense and Military to Increase the Demand for Nanosatellite and Microsatellite Market

The significance of nanosatellite and microsatellite is seen in areas of communication, power, navigation and mapping, scientific research, reconnaissance, and various other including biological experiments, Earth observation, and remote sensing. The use of nanosatellite and microsatellite is used by defense organizations to make communication signals to soldiers stationed in distant locations and far-fetched places. Companies in telecom sector are also using nanosatellite and microsatellite to provide faster internet services and bandwidth for their users. Furthermore, technological advancements in nanosatellite and microsatellite have also reduced the cost of launch. Now the satellites have become more advanced than conventional satellites that can be used to serve various needs for accessing space missions by numerous countries.

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Hazardous Area Sensors Market – Rising Demand, Share, Trends, Growth, Opportunities and Top Key players

The global hazardous area sensors market is characterized by the presence of a few large and experienced players such as Honeywell International Inc., ABB Group, and Siemens AG, which presents a huge barrier to new entrants. These established players already have a stronghold on the global market, with stiff competition between them. Transparency Market Research identifies security threats as the major challenge for all existing players and finds that companies have been devising improved products with better security features.

“Product innovation and development is a key strategy adopted by most leading market players,” the lead author of the study finds. “In order to survive stiff competition in the hazardous area sensors market, companies are involved in research and development activities to create innovative products.”

Honeywell International, for instance, expanded its portfolio of hammer union/wing union pressure sensors in April 2016 with the addition of the IEC Ex/ATEX certified Model 343 to its already existing 435 and 437 models.

Concept of “Intrinsic Safety” Gains Prominence

The rising importance of intrinsic safety has positively influenced the growth of the hazardous area sensors market, TMR states. Intrinsic safety is a globally recognized and widely accepted technique of low-energy signaling at a hazardous location, thereby preventing the occurrence of explosions. The acceptance of this concept in present-day manufacturing facilities in oil refineries, textile mills, paint manufacturers, and chemical plants has strongly driven the market and the impact is anticipated to be high toward the end of the forecast period.

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“In addition to the growing prominence of intrinsic safety, the implementation of stringent government legislations across the globe has compelled companies to make use of hazardous area sensors,” the author of the study observes. Countries such as the U.S., the U.K., Germany, Canada, France, Austria, Switzerland, and the Netherlands have set up specific standards, certifications, and ratings for sensor safety.

Surging Application of Hazardous Area Sensors in Shale Gas Exploration and Extraction

The global market for hazardous area sensors is anticipated to register an increase in value from US$4.5 bn in 2014 to US$6.7 bn by 2023 at a 4.6% CAGR therein. By application, the oil and gas industry has led the overall hazardous area sensors market with a share of almost 22% in 2014. “Fueled by the growing application of these sensors in the exploration and extraction of shale gas, this segment is likely to retain its lead through 2023,” the analyst predicts.

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LED to be Game-changer in Energy Efficient Lighting Market

Mergers and acquisitions are key successful growth strategies adopted by the prominent players in order to offer opportunity to the new entrants to strengthen their presence during the course of forecast period from 2016 to 2024.

The revenue generated by the global market for energy efficient lightening market likely to reach valuation of US$4.2 bn in 2015 and projected to touch US$15 bn by the end of said period. The global market for energy efficiency lightening market expected to expand at 13.4% CAGR throughout the assessment period from 2016 to 2024.

Based on lightening source, linear fluorescent lamps dominate the global energy efficient lightening market account for US $ 1.6 Bn and likely to register highest market share in terms of adoption. Closely followed by LED and HID. On the basis of geography, Asia Pacific dominate the global market for energy efficient lightening market owing to favorable government policy supported growth of the global energy efficient lighting market.

Usage of Energy Efficient Light to Conserve Energy to Drive Market Growth

Increasing demand for the plasma light in horticulture and growing demand for fluorescent lights in the limited space application is likely to upsurge growth of the global market in coming years. The high efficiency provided by the energy efficient lighting and long self-life of the product is expected to influence growth of this market in near future. Furthermore, government favorable policy can be another factor majorly driving growth of this market in coming years. These lights conserve energy, this can be one of the important factor positively triggering growth of global energy efficient lightening market in coming years.

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The low maintenance required in the induction light is likely to drive the demand for the global market for energy efficient lightening market in the forthcoming period. The utilization of LEDs in the automotive sector is another factor augmenting growth of this market in near future. The aforementioned factor likely to attract more consumers, this can be one of the important factor improving growth of this market during the course of forecast period.

Expensive application Expected to Hinder Growth of Energy Efficient Lightening Market

On the other hand, the high cost of the application can be one of the important factor negatively impacting growth of this market in near future. The low-efficiency for the heat sensitive factor is another factor likely to restrain growth of the energy efficient lightening market. The lack of standardization of the product and rising cost of testing, can be another factor affecting growth of this market in coming years.

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Managed Print Services (MPS) Market – Asia Pacific and Latin America Identified as Lucrative Markets

Recently, a major player in the managed print services (MPS) market announced a one-stop-shop solution for all IT needs. The increasing holistic approach to software solutions is a trend common in other industries as well. The trend can help client organizations reduce complexity, eliminate repetitive IT tasks, minimize distractions and optimize efficiency.

Global Managed Print Services Market is predicted to grow at 14.8% CAGR during 2016 and 2024. It is expected to reach US$94.97 bn by 2024.

The small and medium sized businesses are expected to drive the managed print services (MPS) market during the forecast period. The SMEs are increasingly realizing the various advantages of the managed print services.

Geographically, the managed print services (MPS) market in North America has traditionally dominated the global managed print services (MPS) market. The regional market is expected to continue its dominance during the forecast period. Establishment of numerous large organizations, growing adoption by SMEs is expected to drive the market.

Increasing Awareness Expected to Drive Global Managed Print Service Market 

Increasing reliance on IT infrastructure, lack of specialized resources, cost-efficiency are some of the main reasons that have conventionally driven the global managed print services (MPS) market. Currently, holistic one-stop-shop solutions, reduction in cumbersome IT processes are some reasons why small and medium sized businesses are also moving towards MPS providers.

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Today, there is a growing awareness that MPS providers free up unnecessary resource allocation and helps organizations streamline their processes towards their core objectives. The growing awareness is expected to bring healthy growth to the MPS market.

The market also faces several challenges and opportunities. The managed print services (MPS) market is likely to expand significantly in collaboration with the public sector. Public sector and its large volume of paperwork presents a significant opportunity during the forecast period. Growing subsidies for businesses to become eco-friendly are also expected to boost the market. MPS providers can reduce energy usage as well as bring a reduction in paper wastage. Growing trend of digitalization both across the private and public sector is expected to challenge the market growth during the forecast period.

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Fire Protection Systems Market – Rising Cases of Property Loss Due to Fire to Enhance Market Growth

The competition in the global fire protection system is expected to heat up in the coming years, notes Transparency Market Research (TMR). This is mainly because of high demand from end user industries. Key players in the global fire protection system are focusing on mergers and acquisitions in order to strengthen their hold on the global fire protection systems market. Apart from this, top players are increasing their product quality via research and development activities. This is expected to help them retain their loyal customers. Some of the key players operating in the global fire protection systems market are Fike Corporation, Consilium AB Publ., Emerson Electric Co., Gielle Srl, Danfoss Semco A/S, Drägerwerk AG & Co. KGaA, KEVTA Fire Systems, Inc., Johnson Controls plc, Blaze Manufacturing Solutions Ltd., and Honeywell International, Inc.

According to a research report by TMR, the global fire protection systems market stood at US$5.08 bn in the year 2014. The analysts predicted the market to attain a valuation of US$8.93 bn by the end of 2023. During the forecast period, the global fire protection systems market is estimated to grow at an impressive 6.48% CAGR.

Based on geography, North America is anticipated to account for a large market share in the forecast period. This is mainly because of tremendous rise in the oil and gas industry and growing demand from countries like U.S. and Canada in the region. On the basis of offshore platforms, fire suppression systems is likely to lead the global fire protection systems market in the coming years.

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The global fire protection systems market is projected to expand on the back of rising demand for fire detection equipment and fire suppression systems in the lucrative oil and gas industry. Apart from this, the burgeoning construction industry in several parts of the world is attributed to fuel the global fire security system in near future.  With new development plans and projects, the use of construction equipment is expected to grow. The installation of fire protection systems in buildings has become common.

This is because fire protection system helps in effective detection, and extenuation of fires. Currently, advanced technologies have been developed for carrying out communication during fire situations. This enables quick deployment of response teams to the affected site. This results in high acceptance of the fire protection system. Along with this, increase in fire regimes, stringent government laws, increasing consumer awareness, and rising investment are some other factors which are projected to drive the global fire protection systems market in the coming years.

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Telecom Expense Management Market | Cost-effective and Flexible Cloud-based Products and Services Gain Prominence

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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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.

However, the significance of TEM could be reinstated as enterprises are compelled by tight government regulations to use reliable monitoring and recordkeeping solutions for maintaining clarity in operations. Increased knowledge about TEM in better management of payments to telecom companies is foretold to create strong opportunities in the international market. Moreover, need to hire different telecom companies as per carrier influence and regional trends as enterprises look to expand their footprint globally could boost demand for TEM.

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