Thursday, 25 June 2020

Cloud Telephony Service Market - Key Players, Revenues During Covid-19 Outbreak

  June 25, 2020    No comments
According to a new market report published by Transparency Market Research  the global cloud telephony services market is expected to reach a value of US$ 41,768.3 Mn by 2026 on account of cost reductions compared to traditional telephony systems. The market is projected to expand at a CAGR of 17.2% during the forecast period from 2018 to 2026. Increasing demand for enterprise mobility, mobile workforce, and multiple benefits offered by cloud telephony services are encouraging their higher adoption.
In addition, rising penetration of mobile devices is boosting the global demand for cloud telephony services. Europe is anticipated to be a rapidly expanding region of the market, followed by Asia Pacific during the forecast period. Cloud telephony services are being increasingly adopted across different industry verticals around the globe. Increase in the implementation of IP networks, Internet bandwidths, and improvement in the quality of services offered by telecommunication providers are further contributing to the expansion of the cloud telephony services market.
Multiple Telecommunication Operators are Migrating Their Customers over the IP Network, which is Likely to Drive the Demand for Cloud Telephony Services in Coming Years
Adoption of cloud telephony services in small and medium-sized enterprises (SMEs) is increasing mainly due to cost efficiency as well as limited capital investment required for deploying network systems as compared to traditional network services. The advancements in technology and addition of multiple features to IP phones have attracted business customers to migrate to IP networks.
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Cloud Telephony Services Market: Scope of the Report
The cloud telephony services market can be segmented based on deployment, enterprise size, network, application, industry, and region. There is high demand for cloud telephony services from multiple industry verticals including BFSI, telecom and IT, health care, retail, government, media & entertainment, education, and others (transportation and manufacturing). The IT and telecom segment held a prominent share in cloud telephony services market in 2017 and is also expected to show sustainable expansion during the forecast period.
Rapid expansion of the BPO industry and fast growth in network services developments such as VoIP services and IP network have largely contributed to the penetration of cloud telephony services across different regions. Cloud telephony has been evolving as a cost-effective solution to offer an effective communication network. The health care, retail, and education segments are anticipated to offer lucrative expansion opportunities in cloud telephony services market. In terms of adoption of cloud telephony services, the health care sector is projected to expand at a CAGR of approximately 19% during the forecast period from 2018 to 2026.
Demand for cloud telephony services in Europe is likely to increase  as leading telecom players migrate their customers to IP networks. The market in the U.K., Germany, and France is expected to offer lucrative opportunities due to the phasing out of Integrated Services Digital Network (ISDN) lines  by telecom operators in these countries. Asia Pacific is anticipated to be a high potential region of te market for the cloud telephony services during the forecast period.
Rise in investments in the commercial sector and on-going network infrastructure developments in the developing countries such as China, India, and Philippines are anticipated to favor the cloud telephony services market in Asia Pacific during the forecast period. High concentration of IT and telecom companies and network developments in the U.S. are aiding the adoption of cloud telephony services. Moreover, the rise in number of contact centers across North America is expected to contribute to the cloud telephony services market. Integration with web real-time communication (WebRTC) and session initiation protocol (SIP) to support bring your own device (BYOD) are the key trends influencing the market expansion in the region.
Global Cloud Telephony Services Market: Competitive Dynamics
The research study includes profiles of leading companies operating in the global cloud telephony services market. Key players profiled in the cloud telephony services market include 8x8, Inc., AVOXI, BroadSoft, Cisco Systems, Inc., DIALPAD, Exotel Techcom Pvt. Ltd., Go 2 Market India Pvt. Ltd., Knowlarity Communications Pvt Ltd., LeadNXT, Megapath, Microsoft Corporation, Mitel Networks Corporation, Natterbox Ltd., NetFortis, Nextiva, NFON AG, NovaCloud Pty Ltd., NTT Communications, PortaOne, Inc., Redcentric plc., RingCentral, Inc., Singtel, Solutions Infini., Telviva, Tripudio Ltd., VoIPStudio, Vonage Intermedia.net, Inc., and Vox Telecom.
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IoT Solutions Market to Witness Astonishing Growth by 2025

  June 25, 2020    No comments
With an increased demand for solutions capable of bringing down operation costs and improving profit margins from oil and gas companies who are looking to every possible way to emerge from a very recent phase of massive price drops in key products, IoT solutions companies serving the global energy industry can look ahead to promising growth opportunities, observes Transparency Market Research in a recent report. Some of the leading companies in the global IoT market for energy industry are Davra Networks, Carriots, AGT International, Cisco, Accenture, and Tego Inc.
According to the report, the global IoT solutions market in the energy industry stood at US$9,300.9 mn in 2016 and is likely to rise to a valuation of US$94,011.8 mn by 2025, expanding at an impressive CAGR of 29.5% between 2017 and 2025. Of the key end-use industries in the power sector making use of IoT solutions, the oil and gas industry accounts for a lion’s share of the market, holding nearly 72% in 2016. Geographically, the North America market accounted for the dominant share in the said year.
Benefits in Optimizing Operations and Improving Profits Compel Power Sector to Increase Adoption of IoT Solutions
The global power generation industry has expanded considerably over the last decade has seen a vast rise in expenditure for the improvement of residential, commercial, and industrial infrastructure along with an increased focus on energy conservation initiatives so as to remain competitive. With IoT systems in place, the provision of real-time data about parameters such as voltage fluctuations can provide early warning signs of equipment failure and ensure proper allocation of maintenance crews. The increased understanding of these benefits is likely to bring about a considerable increase in the overall demand for IOT systems for grid control and power metering in the near future.
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Demand for IOT solutions in the energy industry will be driven by security concerns, and for purposes such as optimization, monitoring of operations, minimizing the demand-supply gap, and combating cyber threat. Governments of several countries are increasingly shifting towards green energy owing to increased global warming and excess depletion of fossil fuel reserves.
With several countries, such as Australia eying to go 100% renewable by 2030, demand for smart monitoring systems capable of warranting a smooth transition from conventional power to renewables is likely to see a massive rise. This has paved ways for deployment of IoT solution in the renewable industries across the globe. Capacity expansions of existing solar and wind power plants is expected to drive the demand for IOT solutions in near future.
Data Security Concerns Dissuade Government Sector, Restrain Uptake
One of the key factors hindering the growth of the global IoT solutions market for energy industry is government regulations on IoT Industry. The success of the idea of connecting devices to make them more efficient is dependent upon access to and storage and processing of data that could be sometimes confidential, which could dissuade government bodies from adopting IoT solutions in the first place.
Nevertheless, companies in the market can benefit from the rising set of opportunities in the oil and gas industry. Through the use of IoT systems, companies in the oil and gas industry have started to optimize their operations and bring down their capital and operating costs. With a couple of unexpected rough years in the recent past, oil and gas companies are looking to exploit every opportunity to bring down costs to remain competitive, which could, in turn, fare well for the IoT solutions market in the near future.
This assessment of the global IoT solutions market for energy industry is based on a recent market research report released by Transparency Market Research, titled “IOT Solutions Market for Energy Industry, (Solution - Analytic Software, Hardware Platform, Service, and Connectivity; Application - Pipeline, Refineries, Grid Control, and Digital Oilfield; End-user Industry - Oil and Gas, Solar, and Wind) - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2017 - 2025.”
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Cryptocurrency Market Analysis and Forecast to 2025

  June 25, 2020    No comments
The growing popularity of digital currency has played an integral role in driving sales across the global cryptocurrency market. The use of digital ledgers and blockchain technology across the financial space has emerged as an important dynamic of market growth. Moreover, investments in various forms of cryptocurrency have led to market growth and maturity. Several industry analysts consider cryptocurrency as a lucrative digital currency that could revolutionize the area of transactions. The availability of digital ledgers floating across the cryptocurrency ecosystem has helped in reconciling the use of this currency. Considering the factors stated above, it is legit to believe that the global cryptocurrency market would gain momentum in the times of follow.
Transparency Market Research (TMR), in it report, predicts that the global cryptocurrency market would grow at a boisterous CAGR of 31.30% over the period between 2017 and 2025. The total value of the global cryptocurrency market is set to touch a soaring mark of US$6.7 bn by the end of 2025. The stellar growth of this market can be attributed to the fading popularity other currencies. Moreover, the quest to embrace digital currencies is impelled by the availability of blockchain technology and digital ledgers. Analysts in the cryptocurrency industry are making tall claims about the potential and feasibility of this technology.
China Emerges as an Innovator in the Domain of Digital Currency
China has been at the forefront of growth within the global cryptocurrency market. China and South Korea have made voluminous investments in cryptocurrency mining sites, and this is an important trend within the global market. Furthermore, ‘Ethereum’ is a known cryptocurrency giant that had once established its foothold in these countries. The impact of this past trend manifest in the stellar pace of growth within the regional cryptocurrency market. Several other countries are also expected to join the league of nations that mine cryptocurrency. This trend shall help in generating fresh revenues across the global cryptocurrency market. 
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Worldwide Popularity of Bitcoin
Bitcoin has been the most popular cryptocurrency across global markets. The relevance of bitcoin transactions in terms of security, utility, and asset creation has played to the advantage of the market. However, bitcoin miners still face the wrath of inspection authorities in regions where the currency has been banned. Furthermore, bitcoin has also been under flak for its humongous usage of electricity. The energy sector has advocated for bans and restrictions on mining of cryptocurrency in several regions. Despite these unfavourable factors, the global cryptocurrency market is growing at a stellar pace in recent times.
Some of the leading vendors operating in the global cryptocurrency market are Microsoft Corporation, NVIDIA Corporation, and Intel Corporation. Emergence of new cryptocurrencies other than bitcoin has played to the advantage of the leading market vendors.
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SCADA Market Key Players

  June 25, 2020    No comments
The demand within the global SCADA market is growing at a sturdy pace in recent times. Advancements in the domain of information and communication technology (ICT) have been the primary driver of demand within this market. Furthermore, the increasing need for data protection, management, and analysis has created fresh opportunities for growth within the global market. Therefore, SCADA systems are set to be inducted across various industrial verticals in the years to follow. A multitude of providers of ICT services have come the fore, and SCADA systems are an important component of their portfolio of offerings. 
Supervisory control and data acquisition (SCADA) systems help in analysing real-time data, and successively drawing key inferences from it. This is an important consideration for vendors looking to improve their digital game. The application of SCADA systems is not restricted to a particular sector or industry. The use of a supervisory node for managing and analysing data has become an undelayable feat in multiple organisations. Furthermore, use of SCAD technologies for wired as well as wireless connections increases their scope of applicability. It is can safety be concluded that, in this world of data-dependency, remote monitoring systems would become an important component of key organizations.
In a report published by Transparency Market Research (TMR), it is predicted that the global SCADA market for water and wastewater management would grow at a sturdy CAGR of 5.6% over the period 2015 and 2025. Furthermore, the total volume of the SCADA market is set to reach US$2,172.1 mn by the end of 2025, rising up from a value of US$1,267.4 mn in 2015.
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Importance of SCADA Systems in the Energy Sector
The unprecedented demand for processing real-time data in the energy sector has given a thrust to market growth. The energy sector is characterised by rapid technological growth and swift outlay. In this fast-moving scenario, it is important to have a remotely-controlled system for managing data within the industry. Furthermore, industrial applications and processes can be automated without much hassle through the use of SCADA technologies. Therefore, SCADA systems help companies, organizations, and industrial units in accelerating processes and improving their manufacturing capabilities.
Healthcare-IT Emerges as a Key Area of Operation
The importance of SCADA systems in the healthcare industry cannot be underestimated. Electronic health records (EHR) have become an important component of large healthcare centers and organizations. EHRs have imparted a sense of integrity and coherence to the way healthcare centers deal with patient data. Therefore, the use of SCADA for fortifying healthcare IT shall bring in key revenues within the global market. Besides, the demand for automating processes within healthcare has also generated fresh opportunities for market growth. Electricity companies, malls, healthcare centers, and process lines are some of the key end-users of SCADA.
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Mobile Point-of-Sale (mPOS) Market Future Trends 2025

  June 25, 2020    No comments
Innovative strategies are used by leading players operating in the global mobile point-of-sale market, observes Transparency Market Research. Competition among these players is also expected to rise mainly to strengthen their position in the global market. They are also expected to obstruct growth of small players. Moreover, prominent players are also using different organic and inorganic activities to get larger share and create their dominance among other players. For example, recently square and TouchBistro extended their collaborated to enable process payments. They used Square on the TouchBistro iPad mobile app across the UK. 
Other players are also taking substantial steps to increase their shareholding in the global mobile point-of-sale market. Oracle Corp., PAX Technology Ltd., Ingenico S.A., PayPal Holdings Inc., VeriFone Systems Inc., iZettle AB, and First Data Corp. 
According to TMR analysis, the global mobile point-of-sale market is expected to rise at staggering 35.40% CAGR over the forecast period between 2017 and 2025. In terms of valuation, the market is likely to touch US$47.7 bn by the end of 2025. In 2017, the market earned US$4.2 bn. 
Based on technology, the demand for EMV chip and pin, NFC, and hybrid technology solutions is comparatively high than others. This growth is attributed to the low cost of devices such as tablets, card swipe dongles, handheld terminals, as compared to cash and register systems. Moreover, higher rate of investment by using these technologies and ease of deployment led demand in these segments.
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With respect to geography, Europe held maximum share in the global mobile point-of-sale market in 2016. Over the forecast period, this region is likely to maintain to dominance. Growing demand for mPOS solution by vendors for merchant-related services and significant rise in IoT based services has further led demand in this market. However, Asia Pacific and North America are also expected to hold substantial share in the market in the forthcoming years. Bettering economic condition, urbanization, and growing confidence among customers in this solution is driving demand for mobile point-of-sale in these regions. 
Shift from Cash to Cashless Payment Driving Growth for Mobile Point-Of-Sale Solutions 
Increasing affordability and growing spending capacity of people has led demand in the global mobile point-of-sale market. Moreover, growing acceptance for newer and advanced technologies is also projected to drive demand in this market. Rising internet connectivity, high internet penetration, and high demand for IoT technologies is augmenting growth in the global mobile point-of-sale market. 
Application of mobile point-of-sale solutions is seen in restaurants, health care, retail, warehouse and distribution, hospitality, entrainment, government, and transportation sectors, which has augmented growth in the global mobile point-of-sale market.  Additionally, shift seen towards cashless payments due to the rise of online transactions and mobile point-of-sale solutions have further expanded the global mobile point-of-sale market. 
Unorganized Nature of Mobile Point-Of-Sale Solutions to Deter Prospects 
Though the demand in the global mobile point-of-sale market, some factors might deter growth in this market. Unorganized nature of mobile point-of-sale solutions especially in developing regions economies is expected to deter growth demand in the global mobile point-of-sale market. Moreover, high cost of deployment of mobile point-of-sale solutions in the industrial framework might refrain small businesspersons to easily adopt these solutions.                                                
These restraints might overcome due to high demand for smartphones in both developed and developing regions. Moreover, increasing use of these solutions in different industries is also expected to fuel growth in this market. 
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Gesture Recognition Market Challenges and Standardization to 2024

  June 25, 2020    No comments
The global gesture recognition is consolidated due to just few players operating in the market. These few players in the market include Google, Apple, Intel, and Microsoft, elucidates an upcoming Transparency Market Research (TMR) report. These key players in the market are always at a forefront to bring in technological advancement to introduce the latest product and diversify the global gesture recognition market. The small players at regional level are also spreading their wings by attracting large companies to invest in them. 
Rising technological advancement and automation is predicted to expand the gesture recognition market. The global gesture recognition market is predicted to expand at 16.2% CAGR over the projected period 2015 to 2024. Also, the same was registered value worth US$ 11. 60bn in 2015, at this robust pace of growth the global gesture recognition market is projected to reach estimation worth US$ 48.56 bn by the end of 2024. 
On the regional front, North America is expected to dominate the global gesture recognition market. The reason for growth can be attributed to the presence of latest technology and optoelectronic companies. Asia Pacific is expected to emerge as a strong region in the future.  On the basis of segmentation, the global gesture recognition market is divided into automotive, hospitality, gaming, and consumer electronics, in terms of end users. Among these, the consumer electronics sector is projected to lead the global gesture recognition market in the following years. 
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Rising Demand for Smart Electronic Products to Boost Growth 
In the era of digitalization, there is a rising demand for smart electronic products such as Ipad, tablets, mobile phones, smart tv’s, cameras, etc. In all these applications gesture recognition is used to make them user friendly and to access them effortlessly. Thus, the upswing of electronic goods due to increasing standard of living is projected to nudge the global gesture recognition market in the future. 
Rapid urbanization is raising the demand for latest technology to upkeep the pace in automated and technologically advanced world. Ever booming travel and hotel industry may increase the demand for gesture recognition for integrating them in hand dryers, faucets, shower, and flushes.  Thus, owing to the substantial expansion of the global gesture recognition market. 
Automated Homes to Create Growth Opportunities 
Homes are getting smarter these days with advent technological advancement at a fast pace. Now, let us get into future, soon the homes are going to be completely automated. The future technology is expected to take over all home devices to be controlled by gesture recognition. Such as switching on TV, lights, music systems, etc.  Thus, the future is expected to provide lucrative opportunities for gesture recognition, owing to expansion of the global gesture recognition  market in the future. 
Moreover, gesture recognitions are used in automobile industry for blind spot recognitions, parking assistance, etc. The demand for gesture recognition sensors from automobile industry is projected to surge the global gesture recognition market in the upcoming years. Further, gaming industry and corporate sector may boost demand, imagine the day when the P C can be controlled using just and fingers. Making presentation may no longer be a tedious task in the future. Thus, the global gesture market is likely to provide lot of potential in terms of future applications. 
High cost associated with implementation of the same and unpredictability to discover the correct user may restrain the growth in the global gesture recognition market. Nonetheless, growing research and development in this field is projected to provide substantial growth opportunities in the coming years. 
This review is based on the findings of a TMR report titled, “Gesture Recognition Market (Technology - Touch Based Gesture Recognition (Gyroscope, Accelerometer, Combo Sensor), Touchless Gesture Recognition (Ultrasonic (3D Gesture), Infrared 2D Array, Camera Solutions); Application - Automotive, Hospitality, Consumer Electronics, Gaming, Aerospace and Defense, Commercial Centers, Educational Hubs, Medical Centers) - Global Industry Analysis Size Share Growth Trends and Forecast 2016 – 2024.” 
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Impact of COVID-19 on Smart Textile Market

  June 25, 2020    No comments
The global smart textile market is highly consolidated, as the leading four players in the market held approx. 46% of the overall market in 2014. E.l. DuPont De Nemours and Co. held 20% of shares in the market; still, it faces strong competition from numerous small and medium-size specialty product-manufacturing companies. Some of the leading players in the market are Koninklijke Ten Cate N.V., E.l. DuPont De Nemours and Co., Texas Instruments Inc., and Gentherm Inc.
As per the TMR, the global smart textile market is estimated to attain a valuation of US$7.73 bn by the end of 2023 progressing from US$0.7 bn in 2014. The market is predicted to rise at an outstanding 30.8% CAGR during the forecast period 2015 to 2023.
Based on application, the military and defense sector led the global smart textile market by holding 28% of shares in terms of revenue in 2014. During the forecast period, military and defense sector is expected to rise at a healthy 28% CAGR and is expected to maintain its dominance in the global market. On the basis of geography, North America led the smart textile market in 2014 by holding 40% of the share in the global market. In terms of revenue, North America will lead the market, especially in the sports and fitness sector by expanding at 32% of CAGR. Europe held the second position in the global smart textile market by holding 30% of the shares in 2014.
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Rising Use of Wearable Technology to Boost Demand for Smart Textile
The growing preference for wearable technology such as sensors and other types of electronic devices are the key factors responsible for the growing demand for smart textiles. The rising use of wearable technology that is widely used in heart rate sensors and in various other sensors to check fitness will also act as a game changer for the smart textile market. Significant use of these technologies is expected to change the way personal health is monitored.
In addition, integration of wearable technology at a large scale and rapid advancements in the textile manufacturing are projected to revolutionize the global smart textile market in the near future. Some of the other factor factors contributing to the growth of this market are the increasing standard of living, rising disposable income, and growing spending in the medical technology and healthcare. Miniaturizing of electronic components, availability of sophisticated gadgets, and low cost of smart wireless sensors have grown the demand for smart textiles extensively and will augment the growth of the market in coming years.
High Cost of Smart Textile to Restrain Market Growth
Conversely, there are certain restraining factors that may hamper the market growth. The high cost and lack of appropriate standards and regulations to monitor may impede the flourishing smart textile market. The high cost affiliated with the smart textile will also restrict the wearable devices only to the high-end customers that may limit the growth of the market. However, these restraints are not expected to have a long-term impact due to the growing popularity of the smart wearable technologies, thus bringing high growth opportunities in the global smart textile market. In addition to that, increasing research and development activities and rising contribution by the key players and manufacturers will eventually address these issues.   
The information presented in this review is based on a TMR report, titled “Smart Textile Market (Function - Energy Harvesting, Thermoelectricity, Sensing, and Luminescent; Application - Healthcare, Entertainment, Sports and Fitness, Military and Defense, and Automotive) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.”
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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 ...