Emergency Lighting Market business opportunity, and growth

An emergency light is a backup lighting device that powers on by itself when the main power supply is cut and normal light falls. The loss of the main power supply can be a result of fire or a power cut and failing of normal lighting supplies. Today mostly every new building has these emergency lighting installed in the infrastructure during the construction. Looking at the increasing adoption of LED along with the various combination of emergency lightings with aesthetic lightings have boosted the global emergency lighting market. The market is also driven by factors such as the implementation of smart technologies in the lighting industry. 

A recent report by Transparency Market Research offers an in-depth analysis of the global emergency lighting market. It also enlightens various facets of the market such as notable developments, key drivers and restraints, and opportunities for the businesses. The report also offers a detailed regional analysis of global emergency lighting market. 

Global Emergency Lighting Market: Notable Developments 

The competitive rivalry in the global emergency market is extremely high as a result of players like Eaton, Emerson, Schneider Electric, Syska, LeGrand among others. These players are involved in various strategic steps such as mergers and partnerships, collaborations and acquisitions. 

• Most developments have become quite crucial for businesses in the global emergency lighting market in order to gain an edge over their competitors and stay at the top. 

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• The strategies are also implemented in order to attract new customers while retaining the existing ones and expand their businesses. 

• For Instance, in May 2018, EATON CORPORATION collaborated with the Research and Innovation Group of the European Association of Automotive Suppliers (CLEPA), to conduct a research about the energy innovation in the automotive sector, including both electrified and traditional internal combustion vehicles.

Some of the key players of global emergency lighting market are: Schneider Electric SE, Osram Licht AG, Eaton Corporation plc, Signify Holding, Syska LED Lights Pvt Ltd., Zumtobel Group AG, Hubbell Incorporated, Acuity Brand Inc., Legrand S.A., and Daisalux S.A.U. 

Global Emergency Lighting Market: Key Drivers

 The key factors that are influencing the growth of the global emergency lighting market include the rising number of construction projects in various countries. Modern technological advancements in the lighting industry are also supporting the growth of the global emergency lighting market. Governments of various countries are looking forward to building world-class infrastructure in their respective countries in order to attract investors. Keeping this mind many countries have announced the building of various smart cities and numerous smart projects. These projects are supposed to have emergency lighting systems incorporated in them. This rush to attract investors is also one of the prime factors that are influencing the growth of the global emergency lighting market. 

Also, as a result of rapid urbanization in various countries and improved living standards of the people is yet again driving the growth of global emergency lighting market in the forecast period of 2018 to 2026. 

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Global Emergency Lighting Market: Regional Analysis 

Globally, the emergency lighting market has its presence in various regions. However, Asia Pacific shall be experiencing maximum growth of the market. The growth is attributed to various factors such as multiple government projects in order to attract more investor to invest in the country. These projects have emergency lightings as one of the key parameters to ensure that they are aligned with the new smart city program of the government. It is because of these smart cities project in the various countries of Asia Pacific region, the emergency lighting market is experiencing tremendous growth in the forecast period. Rapid urbanization in countries like India, China, South Korea, and Japan the emergency market growth is boosted at a large scale in the region.

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Mobile Edge Computing (MEC) Market Review & Outlook 2019 to 2025

The global mobile edge computing (MEC) market is led by numerous titans in the field which are coming up with advanced software and hardware solutions helping them to easily gain a competitive edge above the others, states Transparency Market Research (TMR) in its latest research report. Some of the leading companies within the global mobile edge computing market are Huawei Technologies Co., Ltd., IBM Corporation, Integrated Device Technology, Inc., PeerApp Ltd., Nokia Corporation, Intel Corporation, ADLINK Technology Inc., Juniper Networks, Inc., Saguna Networks Ltd., ZTE Corporation, Vasona Networks, Inc., and SpiderCloud Wireless, Inc.

The market is dynamic in nature characterized by high competitiveness. Market players are investing extensively in cutting-edge technology to stay ahead of the game. Players are constantly looking for developing effective solutions in order to cater to the different requirements of end-use companies.

According to TMR, the global mobile edge computing (MEC) market will expand at a whopping 51% CAGR from 2017 to 2025 to be worth US$4228.3 mn by 2025. On the basis of component, the hardware segment accounted for a massive share of 80% of the total market in 2016. The entire mobile edge computing architecture is comprised of different hardware such as servers, routers, processors, and switchers, therefore it is not surprising that the hardware segment is leading and will continue to do so in the years to come. 

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Europe to Continue to Lead in MEC Market Boosted by High Uptake of IoT Devices

On the basis of geography, Europe is leading in the market accounting for 43.5% of the market in 2016 on account of the rising usage of data as well as growing adoption of devices which make use of the Internet of Things, thereby boosting the uptake of mobile edge computing. It is anticipated that Europe will witness and expansion of 42.8% CAGR between 2017 and 2025. As North America is home to several hardware and software manufacturers, this region will also be a key market for mobile edge computing. Promising growth can also be expected in the Middle East, South America, and Asia Pacific on account of the rising number of mobile subscribers and increasing number of IoT devices.

Low Latency Networks Needed for Entertainment and Media Behind High Demand for MEC

According to the lead author of this report, “the low latency networks required for entertainment and media purpose is one of the key factors bringing about the phenomenal growth of the global mobile edge computing market. Mobile edge computing helps boost and hasten the distribution of media services by delivering the content straight from the base station thereby improving consumer experience. MEC allows administrators to adapt to high traffic and improve network efficiency as well as service quality. This is anticipated to be the key reason behind the growing popularity of mobile edge computing technology.

Rising Number of Automated Cars to Drive Growth Prospects of MEC Market

Some of the other factors fuelling the growth of this market include the increasing number of automated cars, rising number of IoT devices, increasing application of this technology on account of its features such as high quality experience, high content delivery, and low latency will continue to drive the growth prospects of the global mobile edge computing market.

This review is based on TMR’s report titled, “Mobile Edge Computing (MEC) Market (Component - Hardware, Software (Video Analytics, Location Services, IoT, Data Caching, and Connected Vehicles), and Service (Consulting, System Integration, and Maintenance); Industry Vertical - Media & Entertainment, Retail, Healthcare, IT & Telecom, and BFSI; Technology - 4G, 5G, and Wi-Max) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 - 2025.”

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Transportation Management System Market Risk Factors, Economic Fluctuations, Drivers in Future Analysis by 2025

The presence of established and big players make competition in transportation management system highly fierce and intense. Some of the most successful business strategies adopted by these players to remain competitive in the market is business expansion, product innovation and application of latest technologies. Some players in the market are relying in collaborations, acquisitions and mergers and joint ventures to enhance their market share. 

According to TMR, the global transportation management system market is noted at a valuation of US$ 9,600.8 mn in 2016. The market is likely to rising at a CAGR of 13.6% from 2017 to 2025. Rising at this CAGR, the opportunities in the transportation management system market is expected to touch a valuation of US$ 30,044.1 mn by the end of 2025. 

On the basis of geography, North America is expected to hold largest share in the transportation management system during the forecast period. This is mainly attributed to rising adoption of advanced technologies such as freight management solutions and services by several users in the region.  Further, countries such as the U.S. and Canada is expected to have a major dominance in the market this is mainly due to the presence of several prominent players in the region. The revenue generated by these players will make this region as the fastest growing regions across the globe. 

Significant Growth in Global trade to Drive Market 

The global transportation management system market is expected to rise at a healthy pace in the owing few years. This is mainly due to the significant rise in research and development activities in the field which has contributed to the development of new technologies and increase application scope. 

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A transportation management system can be defined as subset of supply chain management system mainly concerning transportation operations. It refers to the efficient management of several transportations related activities, such as moving goods from the supplier to production place.  There is growing concern to reduce overall delivery time, owing to the increase in global trade is another factor expected to drive the global transportation management system market in the coming few years. 

Apart from this, increase requirement to control time-in-transit, advancements in freight security, safety, and transportation solutions, and increasing IoT adoption are some other factors expected to offer a positively influence growth in the transportation management system market during the coming future. 

Incompetency of People to Cope with Technical Aspects of Software to Impede Growth 

However, incompetency of the employees to use advanced technology, high cost of system implementation and maintenance and unavailability of appropriated infrastructure in developing region are some of the prominent factors expected to drive the global transportation management system market. 

Nevertheless, increasing investment by players to improve functionality of the transportation management system in planning and decision making, transportation execution, transport follow-up, and measurement is expected to provide new growth opportunities in the global transportation management system market.

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Additionally, significant decrease in the prices of RFID-based devices and sensors and increased collaboration between hardware providers and software suppliers are another prominent factors expected to propel the global transportation management system in the coming few years.  

The information is based on report “Transportation Management System Market (Application - Electrical and Electronics, Industrial, Food and Beverage, Retail, and Transportation and Logistics; Software Deployment - On-Premise and On-Demand) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025” 

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Smart Systems for Visually Impaired Market Sales, Consumption, Demand and Forecast 2019-2027

• Smart systems help in many ways to make human life easier. Smart systems have a variety of indoor and outdoor applications. Many smart systems are integrated with advanced technologies and sensors to provide faster and effective assistance.
• Smart systems for visually impaired are vital for physically challenged people. The implementation of smart systems for visually impaired helps them gain independence in their lives. The advanced technologies and use of sensors makes the interaction as well as other regular activities of people with special needs easy.
• Smart systems for visually impaired such as reading goggles, and smart blind sticks makes daily tasks easier to perform. The wearable smart systems for visually impaired are easy to carry and lightweight.
• Smart systems for visually impaired are also GSM and GPS enabled which helps in tracking the roads and assisting in the path that the visually impaired need to take.

Smart home automation systems increasing the usage of the smart systems for visually impaired

• Various vendors provide completely customized products, solutions, and smart systems for visually impaired along with the services in order to suitably design the house to meet the needs of the visually impaired

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These smart systems for visually impaired enable the visually challenged to move around the house and perform daily activities safely and without any assistance from others. In case of emergency situations, alerts are generated and provided to the close family members in order to ensure the safety of the visually impaired person.

• The smart systems for visually impaired enables the visually impaired to be more independent and comfortable with the in-house environment.
• The flexibility and real time notifications are escalating the adoption of in-house smart systems for visually impaired.

Increasing Adoption of IoT driving the smart systems for visually impaired market

• Big Data and Internet of Things (IoT) are thriving at a significant rate due to technological advancements in various industry verticals. These advancements are also implemented in high-end cameras that are further used for face recognition. Analytics is used in cameras for natural language processing (NLP), face recognition, and artificial intelligence (AI). A large volume of data is captured and the data is analyzed. This is very useful in the smart systems for visually impaired.
• The concept of IoT is to connect any two devices with the help of the Internet, enabling them to communicate with each other. In order to achieve this, several sensors need to be placed in these devices. The application base of smart systems is expanding with the widespread adoption of sensors and wearable smart devices.

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This is driving the smart systems for visually impaired market.

North America Expected to Hold Major Share of the Global Smart Systems for Visually Impaired Market

• In terms of region, the global smart systems for visually impaired market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa
• North America is expected to account for a major share of the global smart systems for visually impaired market during the forecast period, due to advancements in technology and the introduction of smart system applications for upliftment of the people with disabilities in the region
• The smart systems for visually impaired markets in Asia Pacific and Middle East & Africa are expected to expand at a significant rate during the forecast period

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Mobile Content Market Segments & Forecast to 2027

Mobile content plays a vital role in enhancing customer’s quality of experience (QoE) while using mobile phones. Some examples of mobile content are games, GPS navigation, discount offers, graphics, movies, and ringtones.

The technology has various advantages over network. It helps consumers to reduce latency, and round trip time. Further, its implementation also helps improve scalability, performance, and availability of the mobile devices.

Widespread use of smart mobile devices is acting as fuelling factor to the global content market. Further, adoption of social networking media is providing lot of opportunities for the expansion of mobile content market in the forecast period i.e. 2019-2027.

The upcoming report on global mobile content market provides insights about the market growth in the forecast period (2019-2027). Each section of the report covers critical sections of global mobile content market. Besides, it focuses on the segments that tend to bring highest revenue in the duration of forecast period. Later, the report is also divided on the basis of regions and sub-regions.

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Mobile Content Market: Notable Developments

With use of several technologies and affordable data, the companies are understanding requirement of customer. And accordingly, the companies are introducing mobile content in the market. Hence, mobile content is available in the form of broadcast, live video, news, and others. Gaming and emoji are becoming dominant in the mobile content market. It is evident that with technology, more content formats are flooding in the mobile content market.

Lately, demand for personalized data is also surging. This is due to presence of data technology and various customer interfacing platform. For example, Netflix, a content provider, launched black mirror episode in past year. Depending on personalized storyline, the viewer can choose whether it is relevant to watch or not. Though, personalization and interactivity is increasing, techniques are yet to take the leap.

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Mobile Content Market: Key Trends

Mobile content market is highly dependent on smart devices. And, there has been remarkable development in smart devices. As a result, mobile content market has also witnessed significant improvements. This has lead to growth of mobile content market across the globe.

Surge in demand for innovative products are presenting enormous growth opportunities to the global mobile content market in the forecast period. Moreover, marketing of such contents are also acting as fuelling factor for expansion of the market.

On the other hand, distribution of products is one of the major challenges in mobile content market. The factor is anticipated to hamper growth of the market in upcoming years. To overcome the challenge, leading players are widening their product bandwidth. Moreover, enhancement in the product features is anticipated to propel the market growth.

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Free-to-air (FTA) Service Market Size Current and Future Industry Trends, 2018 – 2024

The Europe, Middle East and Africa free-to-air (FTA) services market is highly fragmented, according to a report by Transparency Market Research (TMR). In 2015, the top five players, namely British Broadcasting Corporation, RTL Group, Deutsche Telekom AG, ITV Plc., and Mediaset SpA accounted for under 20.0% of the market shares. The market is conducive for aspiring players, and hence, going forward it will likely see a lot of new entrants. Thus, the competitive landscape will continue being highly fragmented. At present, a host of companies are foraying into the market, particularly in the areas of internet TV and pay TV in countries of Germany, Austria, and the U.K.

Further, prominent players such as Sky TV too are making efforts to enhance their market positions by forging long-term partnerships. Key vendors in the EMEA free-to-air service market are RTL Group, BT Group Plc., Deutsche Telekom AG, Rai Pubblicità, and British Broadcasting Corporation.

The Europe, Middle East and Africa free-to-air service market is slated to expand at a healthy CAGR of 11.8% during the period from 2016 to 2024 to reach a value of US$155.8 bn by the end of 2024 from US$63.98 bn in 2016.

The satellite television segment is expected to outpace all others in terms of growth rate in the near future. This is because of a number of European nations fast opting for digital TVs, thereby filliping the demand for satellite TV free-to-air service. The reason for the shift towards digital TVs is because of its enhanced video quality and access to popular HD channel services.

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High Internet Proliferation Amplifies Free-to-Air Services Market

The robust usage of internet services coupled with the availability of high speed internet in Europe and Middle East and Africa has stoked free-to-air service market in the regions. Such internet speeds have made it possible for users to stream HD videos and other FTA services. The growing smartphone penetration and rapid shift among its users to 4G and high-speed Wi-Fi services too has augured well for the EMEA free-to-air service market. Europe at present leads the market with a significant share and will continue to do so in the years ahead on the back of quick adoption of key services in the EMEA free-to-air service market.

Special formats of transmission, if not frequent broadcast techniques are also used for mobile television. If audio-visual content is delivered via the Internet, the option to download and store programs can be used for subsequent viewing. Increased amount of FTA channels and the growing use of television smartphones are some of the main drivers for the growth of the EMEA free-to-air service market.

Emergence of Ultra HD Services to be a Key Market Trend

Despite the swift uptake of 4K and 8K videos, movies, and TV channels across Europe, Middle East and Africa, the players in the region are still not being able to successfully provide ultra-HD services to most users on account of its steep costs. The unrealized revenue from this service is substantial. The problem is compounded by the fact that while users have difficulty in accessing UHD FTA services, they can easily access UHD televisions. Further, TV subscriptions and bundles are comparatively cheaper and the huge amount of data guzzled while streaming of UHD videos costs much more. This could be a huge opportunity for vendors in the EMEA free-to-air service market in coming years. Offering these services at optimum prices could be a key strategy leveraged by EMEA free-to-air service market.

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Piracy Issues to Hinder Growth Prospects

Furthermore, digitalization of radio signals supports the development of the industry. It also leads to piracy, however, that could prevent future market growth. Analytical advertising is nevertheless anticipated to present possibilities for propelling the EMEA free-to-air service market in the forecast era and leads to a higher advertising turnover through targeted advertising.

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Big Data in Automotive Industry Market Size, Top Key-Players, Opportunity, Share and Forecast during 2019-2027

• The automotive industry faces fierce competition, and novel innovations are a must to survive in this competitive world. Enterprises need to upgrade regularly to gain competitive advantage over others. Big data in automotive industry provide automotive enterprises this ability to be a step ahead of others.
• Big data and analytics give auto-financing companies an upper hand as compared to other competitive companies in the market. Additionally, big data and analytics are now a very significant part of the automobile sector as it is the backbone of all technologies and is also set to transform the driving experience.

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Gaining operational effectiveness in the automotive industry: Prominent driving factor of the big data in automotive industry market

• Big data in automotive industry offers operational efficiency for automakers to enhance productivity. Companies operating in the industry are focusing on improving operational performance by adopting advanced solutions to monitor daily workflows. Information management and analytics is a crucial opportunity for automakers to utilize qualitative methods to support the planning of interventions throughout the customer lifecycle.
• Greater efficiency and cost-saving are achieved by understanding maintenance needs and by monitoring the changing state of key components through big data analytics. Big data analytics also identifies environmental risks or possible safety issues before accidents arise. Big data in automotive industry solutions can easily increase overall reliability, safety, and reduce cost.
• All data is collected and analyzed centrally to understand which equipment works best in which environment. This enables organizations to optimize how the equipment is used and reduce latency.
• Therefore, big data in the automotive industry is expected to be driven by the need to gain operational efficiencies in organizations.

Shortage of talent and tools to capture the potential from big data expected to significantly hamper the big data in automotive industry market

• Big data provides huge opportunity and benefits to organizations; but shortage of skilled labor to take insights benefits of big data analytics that huge datasets generate is estimated to restrain the growth of big data in automotive industry market.
• Professionals with technical skills in machine learning and statistics, analysts, and data savvy mangers are required to capture the value from big data and utilize it effectively.
• The inability to manage huge amount of data effectively that is gathered from various sources is likely to restrain the big data market. Hadoop has been doing this job; however, more advanced tools are still needed to deal with data more effectively. Therefore, shortage of talent and tools to capture the potential from big data is expected to significantly hamper the big data in automotive industry market.

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North America to hold major share of the global big data in automotive industry market

• In terms of region, the global big data in automotive industry market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa
• North America is anticipated to account for major share of the global big data in automotive industry market during the forecast period due to presence of numerous automotive manufacturers coupled with huge adoption of business intelligence and machine learning, indicating potential growth of the big data in automotive industry market in this region. Europe is estimated to be the second largest market for big data in automotive industry from 2019 to 2027. Growing rules & regulations related to safety concerns is expected to boost the big data in automotive industry market in the region.
• Asia Pacific is projected to be a rapidly expanding region of the global big data in automotive industry market during the forecast period due to increasing integration of IoT, AI, and Blockchain with big data, which is expected to increase the adoption of big data in automotive industry in the region.

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