Global Cosmetic Skin Care Market Evaluation & Future Growth Estimation

The global cosmetic skin care market demonstrates a fairly consolidated vendor landscape, with top five players holding more than 45% share in 2015, states Transparency Market Research (TMR) in a new report.

Key companies, namely L’Oreal S.A., Procter & Gamble, Avon Products, Unilever Group, and Beiersdorf AG have been engaged in research and development, and new product development to garner higher market share.

Apart from, strategic collaborations and mergers and acquisitions are the focus of leading companies in the global cosmetic skin care market. A case in point is Unilever. In June 2015, Dermalogica – the leading skin care brand- acquired Unilever to shape its brand name for premium product offerings. Such collaborations also serve to expand product offerings for natural and organic cosmetics that have huge growth potential, adds the author of the study.

The global cosmetic skin care market was worth US$127.1 bn in 2015. Expanding at a CAGR of 5.1% between 2016 and 2024, the opportunity in the market is expected to be over US$200 bn by the end of 2024.

By product type, cosmetic skin care products with anti-wrinkle properties accounted for the leading revenue in the overall cosmetic skin care market in 2015. Asia Pacific is expected to emerge as a key market for cosmetic skin care products due to rising consumerism and rising disposable income in emerging economies.

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Increasing Appearance Consciousness among Consumers for Societal Acceptance boosts Demand

In several parts of the world, increasing middle-aged and senior citizen population is a key factor for the rising demand for anti-aging skin care products. Consumers in most Western countries are appearance conscious and tend to spend heftily on skin care products. This is acting in favor of the cosmetic skin care market.

“Interestingly, the demand for anti-aging cosmetics is not restricted to aging consumers,” states the author of the study.” Women above the age of 30 years also account for significant demand for anti-aging skin care products.

Apart from this, product innovation and inclusion of naturally sourced ingredients in skin care products is the focus of savvy players in the cosmetic skin care market. This is to introduce products that serve the appeal of new-age consumers.

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Fine Pixel Pitch LED Displays Market Highlights Key Development Factors and Upcoming Trends During forecast 2018-2024

Tier 1 companies in the global fine pixel pitch LED displays market, namely Leyard, Unilumin, SiliconCore, Christie, NEC Display Solutions, and Daktronics, have a strong global presence with high penetration in the market. Transparency Market Research has observed that these companies have established strong brand names in the business of fine pixel pitch LED display solutions.

China-based Leyard Optoelectronic Co., Ltd., the leading player in the global market by revenue, has been concentrating on increasing its global presence through strategic mergers and acquisitions. In 2015, the company acquired Glux Led Creative-Tech and Planar Systems, Inc.

The revenue generated by the global fine pixel pitch LED displays market is projected to reach US$3.1 bn by 2024, rising from US$677.1 mn in 2015. The market is expected to register a 15.8% CAGR from 2014 to 2024.

APAC, LATAM, and MEA Identified as Highly Lucrative Markets 

Based on type, the segment of up to 3mm pixel pitch LED displays is expected to value US$1,658.0 mn by the end of the forecast period, expanding at a double-digit CAGR between 2016 and 2024.

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Asia Pacific accounted for around 59% of the total global fine pixel pitch LED displays market in 2015, emerging as the leading regional segment. The markets in the Middle East and Africa (MEA) and Latin America are likely to present potential opportunities for fine pixel pitch LED displays in the coming years. The fine pixel pitch LED displays market in MEA is projected to expand at a CAGR of 28.9% during the forecast period.

Considering the sales channels for fine pixel pitch LED displays, e-commerce websites are likely to observe high demand in the coming years due to the spread of internet services across the world.

Digital signage and visualization and simulation applications were the potential application areas for fine pixel pitch LED displays in 2015. However, control rooms and monitoring applications are anticipated to register high growth during the forecast period.

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Passive Optical LAN (POL) Market Global Growth, Opportunities, Industry Analysis and Forecast to 2024

The market for passive optical LAN (POL) is led by Huawei Technologies Co., Ltd., ZTE Corporation, and Alcatel-Lucent S.A. These three companies accounted for a combined share of over 75% in the overall POL market in 2015, indicating the high degree of consolidation. Transparency Market Research finds that most of these companies are focusing on business expansion to increase their consumer base and new product development and technological enhancement to deliver value enhancements to customers.

An increasing number of companies in the passive optical LAN market are also focusing on innovative and technological advancements and R&D efforts in passive optical networks (PON). Acquisitions are another way of expanding customer base and reducing competition.

Some of the other key companies in the POL market are Ericsson Inc., Adtran Inc, Freescale Semiconductor Inc., Motorola Solutions Inc., Mitsubishi Electric Corporation, and Verizon Communications Inc. Staying on the crest of the technology wave is becoming a success imperative, as can be seen with developments such as the rolling out of Huawei’s 4G ultra broadband networks. The company endeavors to gain an advantage in markets such as Rio de Janeiro (Brazil), Bangalore (India), and Stockholm (Sweden) with the move.

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“The growing need for higher bandwidth is a major opportunity for players in the passive optical LAN market,” states the lead analyst. IT professionals have declared that the demand for higher bandwidth is presently large and is likely to grow in the near future owing to the increasing number of subscribers using a greater number of connected devices and data-dense services. “Africa and Asia are likely to witness a sudden surge in the demand for bandwidth, rising at a CAGR of more than 38%,” the analyst predicts.

Moreover, POL solutions are greener than conventional copper-based Ethernet local area networks. This is expected to further bolster the passive optical LAN market over the forecast period. TMR predicts that the impact of this factor will remain high over the coming years.

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Baby Diaper Market | Emerges as a Leading Contributor in Terms of Revenue

The vendor landscape of the East Africa baby diapers market features a largely consolidated nature, with leading companies such as Indevco Group, Procter and Gamble, Interconsumer Products Ltd., Johnson & Johnson, Unicharm Corporation, and SCA Hygiene accounting for a large share in the overall market revenue. Procter and Gamble accounted for nearly 22% of the Kenya baby diapers market, which holds the largest share in the entire East Africa baby diapers market, in 2015.

As most countries in the region fall in the developing category, product cost is an important determinant of growth for companies operating in the East Africa diaper market. Owing to this, companies have chiefly adopted strategies to cut down the final cost of products and are seen favoring their own distribution agents as compared to third party sellers. Resources are also being ploughed into the research and development of environment-friendly products so as to appeal to a rising consumer base of environmentally conscious parents.

According to the report, the East Africa baby diapers market will rise to a revenue valuation of US$218.7 mn by 2024, exhibiting a 3.6% CAGR from 2016 to 2024. In terms of volume, the market is expected to rise to market size of 9.58 mn units by 2024, registering a CAGR of 3.2% over the forecast period.

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In terms of the variety of baby diapers available in the East Africa market, the segment of disposable diapers presently accounts for a lion’s share of the market; the segment held more than 80% of the overall market in 2015 and is slated to remain the top-selling diaper variety over the report’s forecast period owing to convenience of use and disposable and availability of several options in terms of cost range, brands, and product quality. From a geographical standpoint, the market in Kenya accounted for over 42% of the overall East Africa baby diapers market in 2015.

Decline in Infant Mortality Rate Drive Increased Uptake of Baby Diapers in East Africa

A notable decline in rates of infant mortality has been seen in East African countries in the past few years. In Uganda and Kenya, for instance, infant mortality rates have declined from 41.6 to 37.7 and from 38 to 35.5 per 1,000 births, respectively. Other East African countries such as Burundi, Rwanda, and Tanzania have also seen a notable decline in infant mortality. This factor, coupled with the steady rise in disposable incomes in the region have been significant for stimulating the overall demand for baby diapers in the region in the past few years.

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Quick Service Restaurant IT Market to 2024: Growth Analysis by Manufacturers, Regions, Types and Applications

The presence of a large number of software companies offering distinguished services to the quick service restaurant (QSR) industry in the U.S. has made the U.S. QSR IT market highly competitive, reports Transparency Market Research (TMR) in a recent report. The top five vendors in the market collectively accounted for a mere 25% in the overall market in 2015. To gain an edge, IT services and solutions providers for the QSR industry in the U.S. are continuously innovating and developing products capable of reducing turnaround times of services.

Innovations that can hit the right note with the country’s tech savvy consumers, making their dining experience not only quick but also memorable, are also being increasingly sought. Vendors in the market are creating long-term partnerships with large- and mid-sized QSRs to gain sustained returns in the intensely competitive market. The provision of IT solution in a single package or bundled services, with monthly or annual payment packages, is also emerging as a prominent trend in the U.S. QSR IT market.

Some of the key vendors operating in the market are NEC Display Solutions of America, Inc., Panasonic Corporation, HM Electronics, Inc., Oracle Corporation, NCR Corporation, PAR Technology Corporation, and Revel Systems, Inc.

Rising Hourly Wages in the U.S. Trigger Adoption of QSR IT Solutions

The U.S. Bureau of Labor Statistics finds that the average hourly earnings of people working in the food services industry has increased from nearly US$11.54 in 2010 to US$13.33 in 2016. This trend in salary inflations is a prominent factor compelling QSR owners in making the shift from manual operations to machine-based automatic operations.

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In the next few years, IT solutions that can replace the need for manual intervention in QSR operations, such as digital kiosks, tabletop e-waiters, digital checkout counters, and digital menu boards will gain increased adoption. Hand-held devices, especially, such as tablets and smartphones, will gain increasingly prominent positions in the future IT-enabled QSR infrastructures.

Need for Speed in Consumer Services to Stimulate Demand

With a continuous rise in the numbers of quick service restaurants in the U.S., the competition has also soared. Hence, ways of delivering best-in-class services and meeting consumer expectations are being pursued. This has driven the increased adoption of digital channels for transacting in quick service restaurants in the past few years in the U.S. market. QSRs in the country are updating their internal systems to make meal orders and payments compatible with near field communication and mobile wallets. Contactless payment solutions, which can immensely help smoothen transactions, are increasingly being tested by payment solution providers for creating quick payment options.

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SIP Trunking Services Market Research Report 2019 Global Industry Growth and Key Manufacturers Analysis

The SIP trunking services market in North America, Europe, and Asia Pacific is composed of several small and large vendors. These include Flowroute, Inc., 3CX Ltd., Nextiva, Inc., Twilio, Inc., Allstream, Inc., and Sangoma Technologies Corporation. Transparency Market Research finds that these companies have been depending on collaborations with local channel partners, geographical expansions, integration with WebRTC, and developing customized solutions for SMEs to sustain in this competitive market. For instance, 3CX has increased its customer base across high-potential markets. In July 2016, the company expanded its reach in Denmark by partnering with ALLNET Nordic, a Denmark-based distributor.

Companies’ Initiatives to Overcome Security and Interoperability Issues Prove Conducive for Market’s Growth 

One of the key factors driving the SIP trunking services market in North America, Europe, and Asia Pacific is the large-scale migration of telecom companies to Internet Protocol (IP)-based networks. “Several established players are taking initiatives to shift their customers to IP networks owing to the benefits of SIP trunking over traditional telephony services,” the author of the study observes. For instance, Slovak Telekom, part of the Deutsche Telekom Group, completed the migration of its entire customer base to the IP network in December 2014.

The advantages of SIP trunking services are many and this significantly favors the market. Greater scalability to companies so as to add more channels over their existing trunks is one such benefit.

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“Data breach and interoperability issues are some of the key challenges that the SIP trunking services market is faced with in North America, Europe, and Asia Pacific,” the analyst reports. The smooth functionality of SIP trunk calls is threatened by the differences among service providers, vendors providing edge devices, and IP-PBX. However, IP phone vendors as well as SIP trunk service providers have been taking initiatives to conduct interoperability tests. 

Hosted SIP Trunking Services to Surpass On-premise Services in terms of Revenue by 2024 

The opportunity in the SIP trunking services market in North America, Europe, and Asia Pacific is poised to rise from US$4.47 bn in 2015 to be worth US$20.70 bn by 2024, expanding at a healthy 18.6% CAGR therein. By deployment, on-premise SIP trunking services led the market in 2015, accounting for a share of nearly 67%. “Hosted SIP trunking services, however, are anticipated to overtake on-premise services by 2024 to account for a share of over 51%,” states the analyst. This segment is projected to exhibit an impressive CAGR of 25.3% between 2016 and 2024. Based on geography, the SIP trunking services market was led by North America in 2015, with Asia Pacific emerging as the fastest growing regional segment by 2024.

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Positive Displacement (PD) Sanitary Pumps Market Highlights Key Development Factors and Upcoming Trends During forecast 2018-2024

The global positive displacement sanitary pumps market has been experiencing a growing level of consolidation, with key players such as Fristam Pumps, IDEX Corporation, and Alfa Laval AB are projected to rise to more prominence when compared to the local vendors in the coming years. Smaller takeover of the niche players by the companies, permitting the latter to easily expand their business horizons across attractive regional markets and also extend their technological and product portfolio is thought to the highly preferred development strategy.

The global market for positive displacement sanitary pumps was valued at US$4.55 bn in the year 2015. The market is expected to grow and reach an overall valuation of US$10.65 bn by the end of 2024. This growth of the market is expected to be achieved with the help of an impressive CAGR of 10.1% over the course of the given forecast period of 2016 to 2024.

With respect to the varieties of positive displacement sanitary pumps that are available in the global market, the gear pump segment led the market with holding over 32% of share in the revenues of rotary positive displacement sanitary pump market in 2015. Asia Pacific market is expected to continue its dominance across the globe with the region accounting for almost 39% of the overall share in the market in 2015.

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There are several factors that are augmenting the overall development of the global market for positive displacement sanitary pumps. One of the key driving factor for the growth of the global market is thought to be the increasing awareness among customers about the serious consequences that may occur due to failure of addressing safety practices and sanitation at the critical stages of food handling. This has also led to rising emphasis on the enforcement of strict regulations about sanitary practices in the food and beverages sector.

The key players operating in the pharmaceutical sector also take of these strict sanitary regulations across a number of procedures. In the last few years, the framework of regulations that governs the sanitary practices across the industry has become more expansive and strict so as to address the issues related to safety and sanitation across different areas such as supply chain and fluid handling. These factors are expected to drive the overall development of the global market for positive displacement sanitary pumps and are also projected to have a considerable impact on the overall future developments in the market.

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