Edge Computing Market: Latest Innovations, Drivers and Industry Key Events 2018 – 2022

Transparency Market Research (TMR) observes, the global edge computing market is highly competitive due to presence of number of companies operating in the market. Some of the key players operating in the global edge computing market are Microsoft Corporation, Cisco Systems Inc., IBM Corporation, Google Inc., and Hewlett Packard Enterprise Company. These players are increasingly taking initiatives for technological advancements. The launch of advanced technology is expected to fuel growth of the market and help players to gain higher revenue.

A report estimates, the global edge computing market was evaluated at US$8,024.5 mn in 2017 and is expected to attain value of US$13,313.7 mn by the end of 2022 with the CAGR of 10.7%. Based on component, hardware segment is anticipated to account for the leading share of 54.3% of the market in 2017 and remain dominant over the forecast period by progressing with a CAGR of 10%. Based on geography, North America is projected to dominate the global edge computing market in 2017, and is expected to remain dominant over the forecast period.

High Adoption of Fast Transmission of Load to Propel Growth

IoT data is increasing substantially due to introduction of products such as smart devices, smart glasses, and smart watches. Edge computing technique aids for processing, collection, and collection of IoT-generated data. Moreover, rise in number of internet users and growing adoption of digital services is leading to increase in the collection of volume of sensitive data of numerous organizations. These factors are boosting growth of the edge computing market owing to increase in data is expected to propel growth of the edge computing market.

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Additionally, edge computing is technology of improving the cloud computing systems by processing data at edge of network and near about the source of data. The edge computing reduces the time for operation and complete process in milliseconds which helps in the reduction of work load on the other networks. Thus, the adoption of the edge computing is higher which is propelling growth of the market. Furthermore, transmission of amount of loads which leads to create the remarkable load on the network. This factor is expected to boost adoption of edge computing over the forecast period. Edge computing technique processes data from source and analyze the data and sends the valuable information; thus, its adoption is higher. These are some factors driving growth of the global edge computing market.

Complex Configuration of Edge Computing to Hamper Growth

Despite of these factors, the market is facing some challenges including complex configuration is expected to restraint growth of edge computing market. In addition, risks of security holes and cyber security due to habit of not changing passwords. Also, these devices highly susceptible to cyber terrorism which is limiting growth of the edge computing market. Nonetheless, advancements in technology and growing adoption of technologies such as 3G, and 4G globally in the long-term evolution (LTE) wireless networks are propelling demand for IoT technologies. Also, these are expected to offer lucrative opportunities over the forecast period.

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Vehicle Analytics Market - Latest Trends, Demand and Analysis 2025

Competition in the global vehicle analytics market is expected to rise sharply in the coming years, as players are using different organic and inorganic strategies to strengthen their position in the market. According to Transparency Market Research, this market is likely to witness high growth due to advanced taking place in the automotive industry. 

Leading players providing vehicle analytics services are investing heavily in upgrading their product portfolio. They are also entering in partnership, collaboration, and merging with other smaller players operating in the market. This will benefit the players to stretch their business in different regions. Moreover, players are also investing to upgrade their product portfolio and services to provide advanced services to their users. Amodo, Automotive Rentals, Inc., Agnik LLC, Harman International Industries, Inc., SAS Institute Inc., IBM, and Inquiron are some of the key players operating in the global vehicle analytics market. 

Statistical information presented in the report states that the global vehicle analytics market might progress at staggering 20.9% CAGR between 2017 and 2022. The market valuation is expected to reach US$10.21 bn by the end of 2022. In 2017, the market earned US$0.64 bn. 

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Based on deployment type, the demand for on-premises deployment type is high as compared to cloud deployment type. High adoption rate of on-premises in various industries led this segment lead the market. However, the demand for cloud deployment type is also expected to rise significantly in the forthcoming years. In terms of geography, Europe is likely to hold maximum share in the global vehicle analytics market. Presence of key players in the region along with growing demand for advanced electric cars and car analytics solutions has strengthened position of Europe in the global vehicle analytics market. Asia Pacific can be termed one of the fastest growing market for vehicle analytics due to growing preference for advanced electric vehicles. 

Manufacturers Are Focusing on Using Artificial Intelligence that Will Boost Growth in Vehicle Analytics Market 

Growing need for real-time tracking is one of the major factor driving demand in the global vehicle analytics market. Moreover, growing need for mobility and fleet management is also triggering demand this market. This has forced transport service providers to improve operational efficiency, and deliver enhanced customer service while offering sustainability. Manufacturers are also planning to shift their focus on machine learning, artificial intelligence, and predictive analysis in vehicles, making them even more tech-savvy. 

Furthermore, migration towards cloud is also projected to boost the market’s growth and offer new doors for innovation. Another significant factor that led the demand for vehicle analytics is the way manufacturers are integrating advanced vehicular technology in vehicles. 

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High Initial Cost and High Security Issues Might Challenge Market Growth 

Limited network coverage is one of the key restraint that might hamper growth in the global vehicle analytics market. High cost involved during initial setup and concerns related to data security are projected to challenge demand in this market. Moreover, integrating data with existing software systems is also tricky, which might restrict growth in the global vehicle analytics market. 

However, excess efforts made to make autonomous vehicle a reality and to leverage analytics to enhance customer experience that might assist in overcoming these restraints. Moreover, increasing use of real-time data collection from GPS tracking devices and sensors are also expected to expand the global vehicle analytics market.  

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Data Broker Market Opportunities, Demand and Forecasts, 2018 – 2026

Transparency Market Research (TMR) in one of its latest market study reveals the global data broker market to be intensely competitive. Savvy players are actively focusing on to offer customized solutions in order to best serve the requirements of their clients.

Key names in the global data broker market include Experian plc., Oracle Corporation, TowerData Inc., Fair Isaac Corporation, Thomson Reuters Corporation, IBM Corporation, Acxiom Corporation, TransUnion LLC, PeekYou LLC, Datasift Inc., Nielson Holdings Plc, HG Data Company, CoreLogic Inc., H.I.G Capital LLC, Bloomberg L.P., Moody’s Corporation, Ignite Technologies Inc., Qlik Technologies Inc., Equifax Inc., Lifelock Inc., Alibaba Group Holdings Limited, RELX Group plc, Wolters Kluver N.V., and HIS Markit Morningstar Inc.

According to estimates presented by the TMR report, the global data brokers market will clock an impressive 11.5% CAGR for the forecast period between 2017 and 2026. In terms of data category, the demand for consumer data is estimated to contribute more than one-third revenue share of the overall market by the end of 2026. In terms of end-use sector, the BFSI segment holds the leading revenue share and is anticipated to register an above-average growth in the upcoming years. Geography-wise, North America is anticipated to dominate the data broker market over the 2017-2026 forecast period.

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Advantages of Insights into Customer Purchasing Behavior a Boon for Market

Today, the incessant use of mobile devices have led to generation of vast amount of consumer data that can be used for business advantage. Enterprises are striving to scrutinize the bulk data that is generated from digital and non-digital peripherals for devising new marketing strategies. In particular, customer-facing businesses are leveraging data analytics to understand trends, consumer behavior, growth opportunities, and purchasing patterns. The task, however, is quite complicated and requires external assistance to be carried out. Data broker products are increasingly being adopted to carry out complex analysis of massive volume of data.

Moreover, moderate regulations that oversee data protection stipulations allow a freehand collection, thus, enable easy buying, selling, and exchange of vital customer data. The scrutiny of this data enables organizations to better formulate marketing strategies and identify potential customers. This is leading to a strong demand for data broker product and services. Data brokers perform the arduous task of data collection from an array of sources, which is later scrutinized to deduce useful analytics. Businesses are purchasing consumer data to obtain information pertaining to customers’ interest areas that reveals his/her purchasing behavior. The data collected by data brokers is not only used to obtain vital customer data but also for tracking potential customers and operation management. This, in turn, will positively influence the global data broker market.

Risk of Compromising Vital Consumer Data Restrains Growth

Although the information fetched by data brokers are typically used for business innovation and for improved customer experience, it draws criticism for intruding into customer privacy. Consumer data may include customer’s email id, contact details and monitoring customer’s online and offline Internet activity. Policy makers and consumer groups remain highly critical of data collection using data brokers and services. Data broker practices have been under the radar lately as they are associated with surging spamming activities and spread of unsolicited promotional messages.

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The review presented is based on the findings of a TMR report, titled “Data Broker Market (Data Category-Consumer, Credit, Government, Technical, Real Estate, Education & Training, Product & Services, Risk Management, Other; Data Types-Unstructured Data, Structured, Custom Structure Data; Pricing Model-Subscription Paid, Pay per Use Paid, Hybrid Paid Models; End Use Sector-BFSI, Retail and FMCG, Manufacturing, Media, Government Sector, Other Sectors) Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026.”

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Airport Kiosk Market Opportunities, Demand and Forecasts, 2018 – 2026

The global airport kiosk market is by nature moderately fragmented owing to the occupancy of limited number of players situated at various parts of the world, as reported by Transparency Market Research in its new report. Over the past couple of years, installations of the airport kiosk have significantly spurred in order to offer air passengers with more flexibility and convenience. Companies concentrating on new product development and innovations, meanwhile capitalizing on the mounting demand, are expected to have good future growth prospects in the airport kiosk market.

Key players tracked by the report that underpin the market expansion significantly include Fujitsu Limited, Embross Group, Diebold Nixdorf AG, Toshiba Corporation, Rockwell Collins, Inc., NCR Corporation, Bolloré SA, and SITA SA. These market participants are adhering to aggressive marketing strategies in a bid to acquire a competitive edge. They are increasingly focusing on technological innovations and developing high-tech facilities including automated passbook kiosks, and visa through kiosks for implementation across busy airports.

Increased IT Spending Across Airports to Create Demand for Airport Kiosks

Airlines are increasingly focusing on adopting self-service solutions, that offer convenience to passengers and airport kiosks have gained paramount importance on account of this. Installation of airport kiosks has considerably helped passengers to avoid standing in long queues and delays at airports. The airport kiosks enable airport authorities in meticulously managing soaring airline passenger traffic, as they are equipped with in-built high-tech features, and offer effective solutions for expediting and controlling check-in, the passenger clearance, and the baggage clearance.

Proliferation in IT spending across airports will also support adoption of airport kiosks. With the advent of privatization, several companies have been encouraged to revamp airport facilities with modern infrastructure. In addition, airlines are making huge investments in personalizing the passengers’ journey, subsequently augmenting demand for advanced facilities such as airport kiosks.

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Introduction of innovative mobile technologies has offered passengers with services similar to those of airport kiosks. Mobile technologies compatible with smartphones and tablets deliver tasks that are performed by airport kiosks, comparatively at an inexpensive cost, which in turn prevails as a factor hindering adoption of airport kiosks to a certain extent.

According to Transparency Market Research, the global airport kiosks market will register a CAGR of over 10% in terms of value throughout the forecast period, 2017 to 2026. Global sales of airport kiosks are estimated to exceed 100,000 Mn units by 2026-end.

Baggage Check-in & Information Kiosks to Remain Dominant among Airport Kiosk Types

The report projects baggage check-in and information kiosks to remain dominant among types of airport kiosks, in terms of volume sales. This is mainly because airports are increasingly making investments in installation of advanced baggage check-in kiosks and information kiosks, so as to facilitate optimization of common operations at the airports. These kiosks further complement flexibility and comfort of passengers. In addition, sales of automated passport control kiosks and internet kiosks are slated to exhibit the highest CAGR in terms of volume through 2026.

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In terms of volume, Europe will continue to lead the global airport kiosks market, trailed by North America and Asia-Pacific excluding Japan (APEJ). Among these regions, APEJ will continue to reflect the fastest expansion in volume sales of airport kiosks through 2026. Latin America will also witness high volume sales of airport kiosks to reach nearly 12,000 Mn units by 2026-end.

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Self-checkout System Market Segmentation, Industry Trends and Development to 2025

Competition prevailing in the global self-checkout system market is highly intense due to rivalry between the leading players in the market. Increasing focus on technological advancements is the key factor that helps the players to gain advantage over the competitors. Value-added services, product portfolio, pricing of products, and differentiation are some of the major grounds on which these players compete against each other.

By concluding all the above-mentioned factors, completion is likely to increase in the coming years.  Diebold Nixdorf Inc., Pan-Oston Co., ECR Software (ECRS) Corp., NCR Corp., Toshiba TEC Corp., Fujitsu Ltd., and PCMS Group Plc. are some of the prominent players operating in the market.

In a recent report issued by Transparency Market Research, the global self-checkout systems market is anticipated to touch US$ 5.85 bn by the end of forecast period 2025. The market is projected to exhibit a healthy growth rate of 10.80% between 2017 and 2025. In 2016, the market valuation was US$2.28 bn.

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Based on the type of offering, the hardware segment is likely to lead the market by holding larger share in the market. Rising adoption of advanced technology is the key factor for the growth of this segment. Based on region, North America is dominating the global self-checkout systems market. Presence of large number of self-checkout service providers and rapidly growing technological advancements are driving the growth self-checkout systems in North America. 

Rapid Technological Development in Retail Sector to Fuel Self-Checkout Systems Market

Well-informed consumers and rising demand for self-checkout systems in numerous fields are driving the global self-checkout systems market. Various enterprises across the globe are integrating self-checkout systems to enhance shopping experience of their customers. This is also expected to boost the demand for these systems. Rapid technological development in the retail sector has further expanded the global self-checkout systems market. moreover, low operational cost and effectively meeting the labor shortage are some of the other factors driving the growth in this market.

Risk Involved of Loss and Theft of Inventory may Hinder Market Growth

On the contrary, few factors are expected to restrict the growth of the self-checkout systems market. Aversion from using this system due to the high risk involved of loss and theft of inventory is the key restraining factor hampers the growth of the market.  On the other hand, rising use of mobile scanning solutions and improved security feature can bring growth opportunities for the self-checkout systems market. 

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The information presented in this review is based on a TMR report, titled “Self-checkout System Market (Type - Stand-alone Self-checkout Systems, Wall-mounted Self-checkout Systems, and Countertop Self-checkout Systems; Offering - Hardware, Software, and Service; End User - Retail, Financial services, Entertainment, Travel, and Healthcare) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025.”

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Bare Metal Cloud Service Market Overview on Ongoing Trends

According to a new market report published by Transparency Market Research, global bare metal cloud service market is expected to reach US$ 25,704.4 Mn by 2025. The market is projected to expand at a CAGR of 16.76 % during the forecast period from 2017 to 2025. According to the report, North America will continue to be at the forefront of global demand, with the market in the region growing at above 16% through 2025.

There are different factors driving the market including elimination of noisy neighbor, provision of dedicated hardware for user, and novel load balancing bare metal cloud service among others. However, stringent regulations pertaining to the cloud can restrain the growth of the bare metal cloud service market worldwide. Increasing application of bare metal cloud service for the artificial intelligence is expected to create novel opportunity for the market.

The report offers detailed segmentation on the basis of components, enterprise type, and services. According to the report, under the component segment, services type continues to remain sought-after among users. The high demand for the bare metal cloud service is on account of its vital useful features for the highly intensive applications. Furthermore, many well-established players are launching novel services pertaining to the bare metal cloud. For instance, in January 2017, Oracle Corporation announced the availability of the load balancing service that enable user to create a highly available load balancer within the company’s virtual cloud network.

The report projects services segment to grow at a CAGR of over 17% and expected to surpass US$ 8000 Mn in value by 2025-end. By enterprise type, SMBs (small and medium enterprises) continues to be the most lucrative segment, and the status quo is likely to remain unchanged during the assessment period. The report projects SMBs enterprise type segment to grow at a healthy growth rate during the assessment period.

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North America is the largest region in the global bare metal cloud service market. The report projects Asia Pacific bare metal cloud service market to grow at over 18% CAGR and reach US$ 4,922.2 Mn by 2025. The demand for bare metal cloud service market in Asia Pacific is likely to remain concentrated in the prominent economies such as China and India, owing to a larger IT sector in the region. In addition to APAC, growth will also be robust in North America, where the U.S. will account for the bulk of the demand, whereas Canada will hold a miniscule share

The company profiling of key players profiled in the global bare metal cloud service market includes company overview, major business strategies adopted, SWOT analysis and market revenues for year 2015 to 2017. The key players profiled in the global bare metal cloud service market includes IBM Corporation, Oracle Corporation, Scaleway, Liquid Web, Inc., Joyent, Inc., RACKSPACE US, INC., Internap Corporation, CenturyLink, Inc., BIGSTEP, and Packet among others. Various players are introducing superior bare metal cloud services offerings and entering into strategic M&A activities to expand and generate more revenue from the bare metal cloud service worldwide.

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Commercial Building Automation Market Overview on Future Threats

The global commercial building automation market is growing at a significant rate as the need for energy-efficient buildings in increasing. Companies and governments of various regions have shifted their focus on constructing green building which has led to the growth of commercial building automation market. Various initiatives such as mergers and acquisitions, launching improved products, and penetrating into new markets played a crucial role in the development of commercial building automation market. 

The market is highly fragmented owing to the presence of large number of regional players. Few of the prominent players operating in the global commercial building automation market include Honeywell International Inc. (U.S), ABB Ltd. (Switzerland), Ingersoll Rand Plc. (Ireland), Robert Bosch GmbH (Germany), Hubbell Inc. (U.S), Siemens AG (Germany), Johnson Controls International plc. (U.S), Schneider Electric SE (France), and Cisco Systems Inc. (U.S) among others.

The commercial building automation market was valued at US$77.63 billion in 2016 and is anticipated to reach at US$108.49 billion by the end of 2024 globally. The market is expected to grow at a CAGR of 4.3% steadily during the forecast period. According to product segment, the global commercial building automation market is bifurcated into interfacing components, HVAC systems, light sensors, power supply, security & surveillance, and room automation. Among these, HVAC system segment is likely to dominate the market in the forecast period. As per material, temperature and lighting control segments are expected to retain their positions in the forecast period 2015-202 too.

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The global commercial building automation market is divided into different regions which include Europe, North America, Asia Pacific, and some other regions.  Europe and North America are anticipated to hold the majority market share throughout the forecast period. Energy-efficiency and cost-effectiveness is one of the main driving factors for the growth of commercial building automation market in North America and Europe. Also, Asia Pacific is expected to grow at a significant rate owing to the increasing demand for this market.

Construction Sector to Drive the Global Building Automation Market at a Significant Rate

The global commercial building automation market is expanding and is expected to see lucrative growth due to the continuous developments in construction sector. With the rising economic growth, demand for construction projects has increased across the globe. Regions such as Middle East and Africa possess a powerful base in terms of commercial building automation and therefore, is estimated to drive the market growth in the coming years.

Rapid development in the construction sector has also led to reduce volumes of materials coupled with less use of power. Adding to this, the governments have imposed various strict guidelines over the effective utilization of resources as environmental pollution has been increasing over past few years. This is estimated to positively impact the commercial building automation development in the coming years.

Low Investment Return and High-value to Restrict Growth of Commercial Building Automation Market

Although the market is growing worldwide yet there are some challenges faced by commercial building automation system. The cost involved in maintaining, operating, and installing these systems is higher. Due to these high costs, the new entrants are finding it difficult to penetrate into the market. Also, the low rate of return is impeding the adoption of commercial building automation to the end-users. In the coming years, this factor is predicted to create some issues for the small players in commercial building automation market globally.

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The aforementioned information is comprised into Commercial Building Automation Market (Products - Power Supply, Interfacing Components, Room Automation, HVAC Systems, Security and Surveillance, and Illumination and Light Sensors; Materials - Lighting Control and Regulation, Interfacing and Inter-working with Other Building Systems, Blind and Shutter Control, Temperature Control and Regulation, Energy and Load Management, Security and Fault Monitoring, Visualization and Remote Control and Monitoring, Reporting, and Display; End Users - Offices, Retail, Hospitality Sector, and Healthcare) - Global Industry, Size, Share, Growth, Trends and Forecast 2016 – 2024.

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