Wednesday, 24 June 2020

Drivers of Car Leasing Market

  June 24, 2020    No comments
According to the report, the global car leasing market is projected to surpass US$ 1 Trn by 2030, expanding at a CAGR of ~9% during the forecast period. Changing consumer preference toward newer mobility models, such as leasing, and changing consumer sentiments associated to car ownership are driving the car leasing market. Zero down payment and tax benefits have influenced the preference of consumers toward car leasing from traditional ownership.
Expansion of Car Leasing Market
Auto manufacturers are venturing into newer revenue pools such banking services and finance to minimize business risk and evolve with the changing landscape of the auto industry. The decline in car sales has compelled automakers to enter the “Car-as-a-Service” business models and is estimated to further boost the car leasing market. Almost all international automakers have a financial service business division and is involved in car leasing and financing options. Financial services have gained a significant share of around 10% to 20% of automakers’ revenue.
Based on lease type, the financial lease segment held a notable share of the global car leasing market. Finance leasing is a robust business model to use and attain car ownership during the end-of tenure and is extremely popular in North America with lower interest rates and zero/ minimum down payments. However, the operating lease segment is expanding at a higher growth rate due to consumer demand for flexible options and disinterest in ownership. In terms of provider, OEM/captives and NBFCs segments are anticipated to expand at a high growth rate during the forecast period. Expansion of the car leasing market and rising consumer interest in car leasing are prompting the entry of captives and NBFCs in the market.
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Regional Analysis of Car Leasing Market
In terms of region, the global car leasing market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe and North America, together, held a leading share of the global car leasing market in 2018, owing to higher preference for car leasing among consumers in these regions.
India and China GDP have registered exponential growth during the last decade and witnessed expansion in financial sector & services. Rising consumer awareness and consumer purchase parity is projected to boost the car leasing market in these countries. India and China accounts for a prominent share globally in terms of number of vehicle sales and growth of car leasing in these countries is bound to significantly boost the global revenue.
Latin America is home to a large domestic automotive industry with car leasing being a relatively newer concept. Improved credit evaluation and increase in activity of captives are estimated to boost the car leasing market in countries across Latin America. Economies in Latin America are stabilizing due to expansion of NBFCs & captives and traditional banks, which in turn is projected to boost the car leasing market in developing regions such as Latin America.
Prominent players operating in the global car leasing market include ORIX, ALD Automotive, Avis Budget Group, Sixt, Enterprise, Hertz, Arval, Leaseplan, Europcar, Movida, CAR Inc., Daimler Financial Services, and General Motors Financial Company.
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Tuesday, 23 June 2020

POS Terminal Market Drivers, Challenges With Forecast To 2027

  June 23, 2020    No comments
According to a new market report pertaining to the global POS terminal market published by Transparency Market Research, the global POS terminal market is projected to reach US$ 37.0 Bn by 2027. The POS terminal market is projected to expand at a CAGR of 12.8% from 2019 to 2027. Increasing demand of organizations in the area of real time user interaction, quick payment is driving the growth of the market.
  • Rise in Demand for Mobile POS Terminals - Mobile point-of-sale (mPOS) refers to specialized wireless devices such as tablets and smartphones that are capable of functioning as an electronic point-of-sale terminal or cash register. The implementation of mPOS allows the sales and service industries to conduct financial transactions at any place, owing to mobility, improved customer experience, and saving of space. Furthermore, according to custom research by HP company, till 2018, 3% of enterprise merchants have fully deployed an mPOS solution, and 86% of companies are either currently in the process of implementing or are planning to implement mPOS in the next two years. Thus, the anticipated demand for mPOS is expected to drive the POS terminals market during the forecast period.
  • Enhanced Customer Experience and Low Total Cost of Ownership (TCO) as Compared to Conventional Channels of Payment - Advanced POS technology competes with older point-of-sale systems such as PC cash drawers (PCCD) and cash registers. Retailers are seeking ways to update the legacy checkout systems in order to enhance customer service and operational efficiency.
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Retailers have realized that even a small cost reduction could lead to significant improvements in the bottom-line of their businesses. The advent of advanced payment technologies such as NFC and Europay, Master Card, and Visa (EMV) and an increase in the adoption of payment options such as debit and credit cards have played a role in boosting demand for POS terminals. Furthermore, many of the terminals currently installed do not have the capacity to be upgraded and will require replacement, which is likely to boost the market.
POS Terminal Market: Market Taxonomy
The global POS terminal market has been segmented in terms of type, component, application and region. Based on type, the market has been segmented into Fixed POS Terminal and Wireless and Mobile POS Terminal.  Based on component, the market has been segmented into hardware, software and services. Software is further segmented into on-premise and cloud. Services has been further segmented into Integration, Implementation and Consulting. Based on application, the market has been segmented into Restaurant, Hospitality, Healthcare, Retail, Warehouse / Distribution, Entertainment and Others {Field Service, Government, Transportation, etc.} By region, the global POS terminal market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Initially, vendors across the ecosystem of POS terminal were analyzed based on type of technology providers in the market.
POS Terminal Market: Regional Outlook
North America is expected to dominate the POS terminal market during the forecast period. Asia Pacific is expected to see increasing growth in the POS terminal market. The POS terminal market in Middle East & Africa, Europe, and South America is also expected to expand rapidly during the forecast period.
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The report provides in-depth segment analysis of the global POS terminal market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the POS terminal market.
POS Terminal Market: Competition Dynamics
The research study includes profiles of leading companies operating in the global POS terminal market. Key players profiled in the report include Cisco Systems, Inc., Emerge Mobile (Pty) Ltd., Equinox Payments, LLC, Ingenico S.A., iVeri Payment Technologies (Pty) Ltd, Micros Systems, Inc., Miura Systems Ltd., NCR Corporation, Panasonic Corporation, Samsung Electronics Co., Ltd., Toshiba Corporation, Vectron Systems SA, Yoco Technologies (Pty) Ltd.
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Application Lifecycle Management (ALM) Market Outlook To 2027

  June 23, 2020    No comments
Transparency Market Research has released a new market report entitled " Application Lifecycle Management (ALM) Market [Component – Software (On-premises (Agile Centric ALM, Process Centric ALM), Cloud Based (Agile Centric ALM, Process Centric ALM)), Services (Consulting, Design & Integration, Maintenance & Migration); Enterprise Size – Small & Medium Enterprises and Large Enterprises; End-user - Automotive and Transportation, Manufacturing, Aerospace and Defense, BFSI, Energy and Utilities, Retail & E-commerce, Healthcare, IT and Telecom, Others (Education, Government, and Logistics)] – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019 – 2027." According to this report, the global application lifecycle management (ALM) market revenue stood at US$ 2,887.4 Mn in 2019 and is expected to reach US$ 5,701.9 Mn by 2027, at a CAGR of 8.9% during the forecast period from 2019 to 2027.
Application Lifecycle Management (ALM) Market - Definition
Application lifecycle management (ALM) software is used to coordinate and manage different stages of software development. As a result, software can be designed, delivered, and deployed faster, reducing time to market. ALM solutions have been adopted by companies in various developed economies with a view to maintaining their business agility and flexibility, as ALM increases the business efficiency by creating and enforcing standards across all related project stages, and performing more appropriate allocation of human and technological resources. Also, increasing cloud-based ALM solutions are being adopted by enterprises around the globe.
This is due to the benefits offered by cloud-based implementation models, such as low upfront costs, hosted computing services without any investments in infrastructure, and increased scalability. The cloud-based ALM solutions segment is anticipated to grow the fastest, with an expected CAGR of 8.7% during the forecast period due to their ability to provide global access to information and processes in software development. The ALM services market is segmented into consulting, professional, operation, and maintenance. In 2019, global ALM services component revenue accounted for US$ 1,683.8 Mn, which is approximately 58.3% of the overall ALM market. In terms of enterprise size, revenue of small & medium enterprises accounted for US$ 1,556.2 Mn in 2019, and is expected to expand at a CAGR of 9.2% during the forecast period.
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The IT and telecom end-user segment acquired the majority share of the ALM market in the year 2019. It was also the fastest growing segment, projected to expand at a CAGR of 10.2% from 2019 to 2027. Rising technical as well as managerial challenges and variations in software with different standards in different regions have led to high adoption of ALM solutions among IT and telecom end-users.
In the future, the ALM market is expected to grow significantly in Asia Pacific due to fast technological development and population growth.
North America Application Lifecycle Management (ALM) Market
The U.S. is one of the biggest spenders in application lifecycle management (ALM) across the world. ALM market size of the U.S. is projected to reach US$ 1,356.9 Mn by 2027 at a CAGR of 8.9% during the forecast period. The North America application lifecycle management (ALM) market is expected to reach US$ 1,696.1 Mn by 2027 from US$ 684.7 Mn in 2019, rising at a rate CAGR of 9.2% during the forecast period. One of the key trends in the ALM market in North America is the adoption of Internet of Things (IoT) in ALMs. IoT has huge potential in developing economies, but is expected to have a higher overall value impact in advanced economies such as North America because of the higher value per use.
Key Growth Drivers of the Application Lifecycle Management (ALM) Market
  • Rapid uptake of mobile devices, growth in number of browsers/platforms - Developing applications for multiple platforms involves many activities other than just code writing, which are referred to as DevOps (development + operations), or as ALM, throughout the application’s complete lifecycle. Activities include planning and tracking work, designing code, implementing, managing source code repository and continuous integration, running builds, testing, running various diagnostic forms in development and production areas, and monitoring the application performance and user behavior in real time
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Need for greater efficiency across teams and increased engineering productivity - ALM enables project timelines management as well as project delivery. It ensures that every requirement has been mapped with software capability. ALM tests the performance of the software throughout its lifecycle. ALM supports individuals, teams, and institutions in their quest to scale up tester and developer productivity. Furthermore, it extends the software lifecycle.
  • Aging systems development lifecycle (SDLC) infrastructure - The SDLC model is used in project management and involves various stages in a system development project, from the initial study to the maintenance of the completed application. SDLC consists of a detailed plan that describes how the development, maintenance, and replacement of specific software is conducted. Complete structure of the software development process reduces the development time of the software. ALM helps to reduce time taken for the software development process which helps to increase the profitability of the company.
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Testing, Inspection and Certification Market Share, Growth Rate, Forecast To 2027

  June 23, 2020    No comments
According to a new market research report published by Transparency Market Research entitled “Global Testing, Inspection and Certification Market [By Service Type – Testing & Inspection and Certification; By Sourcing Type – In-house Sourcing and Outsourcing; By Industry –Infrastructure & Construction, Transformational & Contract Manufacturing, Food & Beverages, Agriculture & Forest, Information Technologies, Chemical, Healthcare & Pharmaceutical, Transportation & Logistics, Travel & Tourism, Energy & Utilities, Water & Wastewater Management, Government, Education, Textile, Cosmetics and Others]  – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2020 - 2027,” the global testing, inspection and certification market is projected to reach US$ 367,336.4 Mn by 2027. The market is expected to expand at a CAGR of 8.0% during the period from 2020 to 2027. Expanding testing, inspection and certification in the emerging market is boosted by global trade, new infrastructure standards.
Europe dominates the testing, inspection and certification market with a market share of 33% in 2019. This is primarily due to continual introduction of new regulations such as energy efficiency in construction. Testing, inspection and certification services continue to gain traction in the Europe market due to rising focus on outsourcing. The Europe testing, inspection and certification market is primarily driven by factors such as increase in demand for modernization of water & wastewater, oil & gas, and power infrastructures. Moreover, changing eating preferences along with consumer health consciousness are driving the demand for food certification in Europe.
Testing, inspection, and certification services are aimed at providing assurance to the end users that the product is accredited with international and national regulations and industry standards pertaining to quality and safety. The testing, inspection, and certification market is dependent on a mix of international and local rules and regulations. The market is witnessing growth as a result of globalization, regulations getting stricter, and increasing focus on outsourcing. Developed countries often import food products from developing countries and the quality standards in these countries are very high.
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Therefore, manufacturers in order to export to developed countries have to strictly adhere to quality standards. Environmental safety is another area of concern for the manufacturers and they have to abide by stringent environmental standards. Industries are subjected to increasingly strict environmental regulations pertaining to emission, discharge, storage, and disposal of certain chemicals, gases and other substance.
Globally, testing and inspection segment held approximately 95% market share in the testing, inspection and certification market in 2019. This is primarily due to the growing focus on monitoring and maintaining hygienic, healthy and conducive environments along the supply chain in order to safeguard the safety and quality of products. Moreover, certification segment is expected to create huge opportunities for testing, inspection and certification market over the forecast period.
Outsourcing segment is anticipated to witness healthy growth in the testing, inspection and certification market over the forecast period. There is continuous increase in outsourcing of testing and inspection services in attempt to reduce cost. Rising levels of regulations make TIC services progressively costlier, as it requires more cost for in-house testing, is acting as major growth driver for testing, inspection and certification market. Apart from this, energy & utilities segment is also expected to witness lucrative growth opportunities during the forecast period.
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This the result of new technology development and advancements in testing, inspection, and certification services for power grid management which in turn fueling the market growth. Apart from this, the provision of testing, inspection and certification services in the oil and gas sector includes various services across all stages of the lifecycle of oil and gas infrastructure starting from the feasibility to the de-commissioning stage. The oil and gas industry witnessed rapid outsourcing as a result of regulations becoming more stringent and widespread globally.
Some of the major players in the market are: Intertek Group PLC, Bureau Veritas SA, SGS Group, ASTM International, ALS Ltd., TUV SUD AG, DNV GL Group AS, AsureQuality Ltd., Underwriters Laboratories Inc, Dekra SE, Lloyd's Register Group Limited, and TÜV Rheinland Group.
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Augmented Reality Solutions Market for Broadcast Future Potential 2026

  June 23, 2020    No comments
Augmented reality solutions are used to visually change the appearance of a broadcast studio. They combine real life with virtual elements and provide different perspectives of things. They can change a limited area into an unlimited space or transform a green screen with anything a user can imagine. Augmented reality solutions provide an environment of mixed encoded cameras, including handheld cameras, pedestal/hard cameras, and even steady cameras for production. The solutions are used to integrate print and video marketing. They also provide different forms of social interactions with people in a risk-free and safe environment. The overall audio-visual experience is enhanced with the help of augmented reality solutions. Augmented reality solutions provide digital game play in a real-world environment for gaming enthusiasts.
Augmented reality broadcast solutions are used for providing interaction between hosts, virtual objects, and sets. Some of the applications are created for external data sources such as charts, bars, statistics, and many others. These solutions provide visually engaging representations of the data and information. Augmented reality solutions provide broadcasters a way to share a complex story in a visual way with the help of augmented reality graphics. They allow the broadcaster to create compelling virtual set pieces and change the look and feel of the studio environment for elevating production value and enhance the storytelling process.
Augmented Reality Solutions Market for Broadcast – Drivers and Restraints
The global augmented reality solutions market for broadcast is primarily driven by growth in the digital broadcasting industry. Rise in demand for advanced digital transformation is projected to fuel demand for augmented reality solutions within the broadcast industry across the world in the near future. Currently, a rise in the demand for live rendering, realistic live shadows, and realistic live reflections is expected to boost demand for augmented reality solutions around the globe.
Furthermore, increase in the adoption of cloud-based solutions by broadcasters in order to enhance storytelling and provide a better interaction between presenters and graphics objects is likely to boost the market. These value additions are projected to fuel the demand for augmented reality solutions from the broadcast industry worldwide. Moreover, the adoption of augmented reality solutions dedicated to special events such as elections and sports is anticipated to fuel demand for them globally. However, complicated virtual multi-camera environment and quality of the graphics and backgrounds are projected to hamper the demand for augmented reality solutions across the globe. Furthermore, integration challenges are restraining market growth.
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Augmented Reality Solutions Market for Broadcast - Segmentation
The global augmented reality solutions market for broadcast can be segmented based on solution, deployment, and region. Based on solution, the augmented reality solutions market for broadcast can be classified into hardware, software, and services. In terms of deployment, the augmented reality solutions market for broadcast can be categorized into cloud-based and on-premise. The services segment can be sub-divided into professional services and managed services. The cloud segment can be further classified into public, private, and hybrid.
In terms of region, the global augmented reality solutions market for broadcast can be segmented into Europe, North America, Middle East & Africa, South America, and Asia Pacific. The augmented reality solutions market for broadcast in North America is estimated to expand at a substantial rate during the forecast period. This is primarily attributable to the early adoption of augmented reality solutions by organizations resulting in high penetration in the region. North America is expected to hold a prominent share of the global augmented reality solutions market for broadcast during the forecast period. The market in Asia Pacific is anticipated to expand at a significant pace during the forecast period. The region is estimated to present attractive growth opportunities to the augmented reality solutions market in the near future.
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Solar Based IoT Market Analysis By Trends

  June 23, 2020    No comments
The market for solar based IoT is an amalgamation of implementing renewable sources and digitization methods. This is a brand new concept and is expected to establish its position globally in the forecast period. Internet of Things is one of the fastest growing trends in technology which allows all machines and devices to connect and communicate with each other. The growth of solar based IoT global market is likely to be seen perpetual in the coming years. 
TMR has announced a new addition report titled “Solar Based IoT Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026”. The report offers a detailed insight into the growth, opportunities and factors positively influencing the global solar based IoT market. It also discusses latest technological developments, trends and competitive landscape. It also highlights some of the challenges that the global market could face during the forecast period.
This information is taken from reliable and valid sources such as white papers, journals, news updates, and press releases of various players functioning in the global market. The report offers valuable information on the key players which includes company overview, recent updates, innovation and research and development activities for product development. 
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Global Solar Based IoT Market: Key Drivers and Restraints 
The global solar based IoT market is expected to prosper with the growing developments in technology along with digitization. Another driver responsible for the growth of solar based IoT market especially in the industrial sector is that the optimum use of IoT makes products more energy and material-efficient. Developments such as digitizing and harnessing solar energy are anticipated to simplify industrial processes for end-users and power producers. This would finally allow consumers and producers to gain maximum returns from their investment. Furthermore, solar based IoT products are capable of tracking energy consumption so as to avoid its wastage. The aforementioned drivers contribute to the growth of solar based IoT market globally and these factors are expected to drive the demand for the global market in the forecast period. 
Though there are factors influencing the market growth of solar based IoT, yet some restraining factors are expected to impede the growth in the forecast period. Cybersecurity issue needs to be looked after in the upcoming years. Experts in IoT have also said that there is no solid strategy to overcome cybersecurity. Nonetheless, with rising digitization many companies are finding solutions to resolve this issues. This, in turn will eventually lead to the growth of solar based IoT market in the near future. 
Global Solar Based IoT Market: Regional Outlook 
The global market for solar based IoT is fragmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Of these, North America is anticipated to cover majority of the market share in the forecast period owing to the increasing IoT applications across different industries. Adding to this, extensive use of smart devices is also anticipated to surge demand for solar based IoT. Asia Pacific is also expected to rise significantly due to the rapid increase in digitization especially in countries like Japan. 
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Global Solar Based IoT Market: Competitive Insight 
In order to understand the existing competition better, the report also highlights some of the key players functioning in the global solar based IoT market. Some of these companies include Voltaic Systems, Alta Devices Inc., Cypress Semiconductor Corporation, and Solar Sps. These companies are continuously working on optimizing the use of resources and reducing the cost.
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Custom Software Development Services Market Trend Shows A Rapid Growth By 2026

  June 23, 2020    No comments
Custom software development services is a kind of extensive services offered by vendors. These services largely include software development from scratch, integration with currently running projects, shift from a legacy system toward a new platform, providing of maintenance services, designing of IT infrastructure, and running of different tests to ensure product quality. Furthermore, custom software development service vendors ensure complete software development lifecycle analysis as well as deployment, maintenance, and support services. Service vendors operating in the market provide software development and quality assurance services that help enterprises in resolving crucial issues related to product quality.
A wide range of vendors operate in the market providing custom software solutions spanning a wide area ranging from SAAS development, software product development, cloud-based solutions, enterprise software development, and custom ERP development to business software consulting.
Custom Software Development Services Market - Drivers and Restraints
Custom software development services witnessed high demand, largely due to the rising need for more business-specific software. Earlier, software solutions that were developed used to serve a wide range of purposes of an organization. However, a majority of these software used to prove inadequate when the organization had to expand. This led to emergence of custom software development services. Custom software development service providers build and design solutions to cater to specific needs of businesses.
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Custom software development is becoming popular among enterprises that are largely looking for scaling up of their business operations. Custom software development offers several benefits to enterprises. One of the key benefits is reduction in long-term costs. However, initial development and implementation of custom software is costlier than that of basic software solutions. However, in the long run, these basic software solutions do not fit to the increasing requirement of businesses and hence, the organization may have to start the process of software procurement and implementation all over again. In case of custom software development, the scenario is quite different. Since the software is custom-made, enterprises do not require any further investment in the software, in the long run. This, in turn, leads to total cost reduction.
The custom software development services market is driven by growing requirement for customized software among enterprises. Moreover, enterprises are always looking for reducing long-term costs. Since custom software development leads to long-term cost-effectiveness, demand for custom software development services is rising.
Key trends in the custom software development services market include emergence of chatbots, increase in the demand for PaaS solutions, and the rise of open-source solutions,. Currently, the software development technology that is gaining momentum is chatbots. In recent times, chatbots have emerged as an effective tool for maintaining ease of doing business. The customer software development services market is expected to witness the trend of increase in chatbot development in the next few years.
Custom Software Development Services Market - Segmentation
The custom software development services market has been segmented based on solution type, deployment type, end-user, and region. In terms of solution type, the custom software development services market can be bifurcated into web- /desktop-based solutions and mobile-based solutions.
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Based on deployment, the custom software development services market can be divided into cloud-based services and on-premise services. In terms of end-user, the custom software development services market can be segmented into small & medium enterprises (SMEs) and large enterprises. Based on region, the custom software development services market can be categorized into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Custom Software Development Services Market - Key Players
Key players operating in the global custom software development services market are Fingent Corporation, Elinext Group, Flatworld Solutions Pvt. Ltd., Kanda Software, DEVTECHNOSYS, NIX Solutions Ltd., SPEC INDIA, TatvaSoft, Trigent Software, Inc., and Oxagile.
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Collagen Market-By Source (Pig, Poultry, Cow, and Marine), By Product (Natural, Hydrolyzed and Gelatin), By Application (Cosmetics, Healthcare, Food and Beverage), and By Region-Forecast 2022-2031

SDKI Inc. published a new report on the collagen market on January 25, 2022.  This study includes the statistical and analytical approaches ...