COVID-19 Impact ON Mobile CRM Market

Mobility in software solutions are no longer add-on features but the strategy is on the path of becoming a new normal for businesses. Enterprises have seen the trend catching on fast, and creating a paradigm in their customer-facing business functions. Mobile customer relationship management has expanded the arena for enterprises who believe in business-on-the-go. Sales teams world over engendered by a growing trend of bring your own devices (BYOD) in enterprises are increasingly leveraging the potential of mobile CRM to expand their prospects. The large amount of customers’ data that come handy with mobile CRM enables them to close more deals, achieve their sales targets, and shorten overall the sales cycle. An array of mobile CRM solutions have come to the fore that allows sales teams to take customer interactions to a new level, underpinning the steadily evolving mobile CRM market.

Key verticals in the mobile CRM market are the banking and financial services industry, telecom, healthcare, retail, and automotive.

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Global Mobile CRM Market: Growth Dynamics

Enterprises world over are considering adopting mobility approach in customer relationship management is a key factor driving the demand in the mobile CRM market. Enterprises of all sizes see a vast potential in mobile CRM solutions and are striving to make them as an integral part of their CRM strategy. Particularly, mobile CRM has shown some benefits in customer retention strategy, opine industry experts. The growing role of mobile CRM in mobile marketing automation strategy is an attractive proposition for software providers and are key to new avenues in the mobile CRM market. The growing demands for platforms and solutions that help marketers process huge array of customer data and assess customer behavior is encouraging investments in the mobile CRM market. Further, mobile CRM has expanded the scope of personalization in sales.

Over the past few years, software providers in the mobile CRM market have unveiled solutions that integrate real-time intelligence and contextual data about customers’ on-the-go. The trend of CRM-on-demand has gathered noticeable momentum in recent years in the market. New growth potential in the market has come notably from equipping them with AI features and machine learning technology. In the coming years, new business models will add new dimensions to mobile CRM. For example, recent years have evidenced the growing popularity of ‘pay-per-use’ pricing models. Further, the advent of secure cloud-based solutions has unlocked altogether new prospects in the mobile CRM market.

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Global Mobile CRM Market: Notable Developments

Several industries are witnessing considerable benefits from deploying mobile CRM solutions for their various business functions. The retail industry, though relatively new, has harnessed the game-changing potential of recently unveiled solutions in the mobile CRM market. Partnerships between software providers are expediting the launch of promising solutions in developed markets.

Prospects Software and CoreLogic have entered into a partnership with Greater Las Vegas Association of REALTORS to unveil two mobile CRM solutions to help agents. The solutions accessible on both ioS and Android are integrated with the association’s multiple listing platform, CoreLogic Matrix. The solutions are aimed at transforming client relationships of real estate professionals. The solutions have several easy-to-use features, including inter alia, advanced listing searches and live market stats.

Global Mobile CRM Market: Regional Assessment

Of the various regions, developed economies have been early adopters of solutions in the global mobile CRM market. This is broadly underpinned by the rapidly increasing trend of mobile CRM strategy in various industries. Numerous CRM providers in recent years have unveiled solutions to expand their footprints in the North America market. Further, industries are sizably investing in mobile CRM solutions for improving customer-facing functions. Some of the other key regions in the mobile CRM market are the Middle East and Africa, Oceania, Latin America, North America, and Asia.

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Marine Fasteners Market Growth Rate and Opportunities By 2028

The marine fasteners market may display good growth statistics across the forecast period of 2019-2028 owing to the rise in the construction of new ships and marine vessels. The properties of marine fasteners such as compressive force and high tensile strength bring enormous growth opportunities for the marine fasteners market. Despite the advent of various modern techniques like soldering, welding, and use of adhesives, mechanical fastening remains the top preference for design engineers primarily due to the tight and secure bond they offer. Therefore, this aspect may invite good growth opportunities for the marine fasteners market.

This upcoming report on the marine fasteners market provides an in-depth analysis of the current market situation. The report covers components like competitive landscape, key players, regional analysis, and ongoing trends. The report also offers thorough research on how the COVID-19 pandemic will impact the market. The segmental study enables an individual to thoroughly understand the different aspects of the marine fasteners market systematically.

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Marine Fasteners Market: Competitive analysis

The manufacturers in the marine fasteners market are concentrating on producing marine fasteners with corrosion-free materials. The presence of numerous players in the marine fasteners market creates an atmosphere of fierce competition across the marine fasteners market. Players in the marine fasteners market are involved in research and development activities that lead to the production of cost-effective and strong reliable marine fasteners. Manufacturers are also focusing on reliable materials databases that assist in producing marine fasteners with the perfect material.

Mergers, acquisitions, joint ventures, collaborations, and partnerships form the foundation for increasing the growth rate of the marine fasteners market. Key players involved in the marine fasteners market are Seastar Solutions, HandiMan Marine, Sea-Dog Corporation, Attwood Marine Products, Fasco Fasteners, Perfect Fit-McDonald Inc., and others.

Marine Fasteners Market: Key Trends

The use of lightweight and durable marine fasteners may gain considerable momentum during the forecast period. Ergonomics form an important component in the construction of any ship or vessel. To improve the ergonomics of a ship, the use of lightweight marine fasteners made from plastic is on the rise. Also, the number of factors influencing the weather dynamics can lead to corrosion of metal marine fasteners. Saltwater is also highly corrosive. To overcome this obstacle, plastic marine fasteners are gathering good attention across the ship building landscape.

Materials like polyvinyl chloride (PVC) are corrosion resistant and are not affected by gasoline, Clorox, and other chemicals, eventually emerging as a winner. Some plastic types like polyimide and Fluoropolymers possess UV-resistant properties, thus proving beneficial for the ships and marine vessels. In addition, they also require less maintenance. All these properties of plastic marine fasteners may help in increasing the growth rate of the marine fasteners market.

The growing preference for fine-threaded marine fasteners over coarse-threaded marine fasteners may also gain traction as fine-threaded marine fasteners are easily tapped into harder materials and enable finer adjustments.

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Marine Fasteners Market: Regional Assessment

Geographically, the marine fasteners market can be segmented into North America, the Middle East and Africa, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), and Japan. Asia Pacific may emerge as the largest growth generator for the marine fasteners market across the forecast period. A plethora of factors are responsible for making Asia Pacific a winner over other regions. A major factor is the presence of significant shipbuilding destinations such as China, Japan, and South Korea in the region.  

Europe may emerge as the fastest growth generating region due to an increase in construction activities of naval ships, cruise ships, luxury yachts, and tugboats across Europe. Other regions may also record a stable growth rate due to the frequent advancements in the marine industry across the globe.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Automotive Electronic Stability Control System Market Opportunity, Industry Overview And Growth Analysis Forecast To 2027

 

• The automotive electronic stability control system is a new braking system designed to help control and maintain lateral stability of the vehicle. Electronic stability prevents the vehicle from skidding and subsequently, from a crash. According to Bosch GmbH, every year, 32,000 people die in a traffic crash in the U.S., and the electronic stability control system is highly effective to prevent such accidents.
• Electronic stability control system comprises a wheel speed sensor and electronic control unit. The wheel speed sensor senses the speed of the vehicle and detects a slip occurring between the tire and the road. If the slip occurs between the road and the tire, the electronic stability control system reduces the wheel speed. In 1985, Robert Bosch invented the first electronic stability control system and Mercedes Benz were the first car company to use the electronic stability control system. 

Key Drivers of global Automotive Electronic Stability Control System Market

• Rise in demand for advance safety features including electronic control system and anti-lock braking system in vehicles is anticipated to boost the electronic stability control system market across the globe. According to National Highway Traffic Safety Administration, one-third of road accidents can be prevented by using the safety features including electronic brake force distribution and traction control system in vehicles. From April 2019, the Ministry of Road Transport and Highway in India made the incorporation of anti-lock braking system mandatory in every new vehicle, which in turn is likely to propel the automotive electronic stability control system market in India. 

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Rising road safety awareness among people combined with substantial increase in adoption of advance drive assist systems in the vehicles are projected to boost the automotive electronic stability control system market. According to Robert Bosch GmbH, upto 80% of all skidding accidents can be prevented by using the electronic stability control system. Canada Transport mandates the electronic stability control system in a vehicle that has been manufactured post 2012. This, in turn, is expected to fuel the automotive electronic stability control system market across the globe. 

Europe and Asia Pacific to hold prominent share of global automotive electronic stability control system market

• Europe is projected to account for a notable share of the global automotive electronic stability control system market due to significant presence of automotive industries and enactment of stringent rules regarding the installation of safety features in vehicles in the region. Rise in demand for advance drive assistance systems in vehicles is estimated to boost the automotive electronic stability control system market in Europe. Europe has presence of major original equipment manufacturers as well as Tier-1 suppliers, such as Robert Bosch, Continental AG, and Delphi Technologies, who are leading companies and have major research and development facilities for safety system. This is estimated to propel the automotive electronic stability control system market in Europe.

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Followed by Europe, Asia Pacific is projected to hold a major share of the global automotive electronic stability control system market due to an increase in vehicle production and sale in the region. Furthermore, high rate of adoption of advance drive assistance system in China, South Korea and Japan is estimated to boost the automotive electronic stability control system market in Asia Pacific. 

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Automotive Airbag Market 2020 Industry Growth, Trends and Forecast 2027

Transparency Market Research has published a new report titled, “Global Automotive Airbag Market (Type: Front Airbag, Side Airbag, Knee Airbag, and Curtain Airbag) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.” According to the report, the global automotive airbag market is projected to surpass US$ 63 Bn by 2027, expanding at a CAGR of above 5.22% during the forecast period.

Global Automotive Airbag Market:

• According to the report, the global automotive airbag market is expected to expand steadily at a CAGR of 5.22% owing to rising vehicle sales globally
• Rise in production of vehicle in emerging nations in Asia Pacific and Latin America including India, Brazil, and ASEAN countries is also anticipated to drive the global automotive airbag market

Expansion of Global Automotive Airbag Market

• Growing demand for consumer comfort and safety plays an important role in driving the global automotive airbag market. Moreover, stringent government norms related to the adoption of airbags are anticipated to drive the market significantly.
• New safety directives issued in major markets worldwide, including the United States, Western Europe, India and Japan are further expected to boost the airbag market. Previously, airbags are usually installed in luxury and medium range cars. Though adoption of airbags in entry segment vehicle is likely to enhance the market for automotive airbags.

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In pursuance of increasing demand for airbags, system integrators and automobile manufacturers are heavily investing in R&D for manufacturing of cheaper airbags

• Rising number of car crashes and road fatalities is prominently speeding up demand for vehicle safety systems. For instance, number of crashes in 2016 is increased by over 5% as compared to 2015. Enhancing road safety standards, along with supporting regulatory norms are driving the automotive airbag market share over the forecast timeframe.

By airbag type, front airbag segment accounted the largest revenue share in 2018. Automotive front airbag market is growing steadily during the forecast period due to the stringent government regulations in developed regions such as the U.S., and Europe and it is expected that in next few years it will also be mandatory in India, and China. Deployment of airbag in low cost cars and increasing car production are the major factors fuelling the growth in this segment.

Regional Analysis of Global Automotive Airbag Market

In terms of region, the global Automotive Airbag Market has been segregated into North America, Europe, Asia Pacific, and rest of world.

Asia Pacific held the largest market share in 2018 and it is expected to be the fastest growing region with an estimated CAGR of more than 8% between 2019 and 2027. Improving lifestyles, vehicle demand and changing buyer’s preferences are the most important drivers for the growth of automotive airbags market in Asia Pacific region.

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Automotive airbags market in Europe will witness significant growth owing to mandates of deployment of several type of airbags in vehicle. The rising safety concern in automobile coupled with advancement in design of airbags will enhance the growth of market in Europe. For instance, ZF announced to develop external airbags systems which helps in reduction of injury severity up by 40%.

Significant advancements in airbags in terms of technology are directly contributing towards improved safety of driver and passenger with adaptive performance. Changing trends towards affordable passive safety systems provides potential growth prospects for the automotive airbag market. Moreover, expansion of cost-efficient safety technologies of airbags for frontal and side impact protection is gaining significant demand.

Major industry participants include Autoliv, Delphi Automotive PLC, Takata Corporation, TRW Automotive Holdings Corporation, Key Safety System, Hyundai Mobis, Porcher Industries SA, Daicel Corporation, Denso Corporation, and Continental AG.

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Global Consumer Electronics Market 2020 Development Status

According to the report, the global consumer electronics market will rise to a revenue opportunity of US$1,550.34 bn by 2022, registering a CAGR of 4.0% from 2014 to 2022.

With a large number of small and large, regional and international, and old and new companies operating in the field of consumer electronics, it should not come as a surprise that the vendor landscape of the global consumer electronics market is highly fragmented and intensely competitive, observes Transparency Market Research in a recent report. So as to stay ahead amid the volatile operating conditions, companies have resorted to finding newer ways of enticing the rising consumer base of young and affluent middle-class people in emerging economies. Focus on marketing their products through e-commerce websites, which are increasingly becoming the most preferred mode of retail shopping in emerging economies, is gaining strength.

As even some of the world’s most renowned consumer electronics brands struggle to keep up with the low costs of the slew of new, innovative product varieties brought in by small and regional companies, focus has also increased on good collaboration opportunities with regional players. Refinement of current product lines through the incorporation of technological advancements and development of product lines specifically suited to lucrative application areas such as IoT, connected devices, and in-car infotainment are also popular strategies adopted by companies operating in the market. Some of the leading companies in the market are Canon, Inc, Sony Corporation, Samsung Electronics Co. Ltd, Koninklijke Philips N.V., Apple, Inc, LG Corporation, Nikon Corporation, and Panasonic Corporation.

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Asia Pacific to Remain Most Lucrative Regional Market

Of the key product varieties in the market covered in the report, the segment of handheld devices is estimated to account for the dominant revenue share in the market presently. The segment is driven due to the massive surge in uptake of devices such as tablets, laptops, and smartphones on a global front. The sales of smartphones, especially, account for the dominant share and is likely to continue to account for a significant share of the overall market throughout the report’s forecast period.

From a geographical standpoint, the market in Asia Pacific is presently the most lucrative and is expected to remain so over the forecast period as well. Presence of large metropolitan areas and ever-expanding urban population will ensure that the benefits of economic development are reaped to the maximum. This is bound to have a positive impact on the consumer electronics market.

Rapid Pace of Development of Innovative Products to Drive Market

The chief forces working in favor of the global consumer electronics market include the rising convergence of entertainment, communication and information technologies, launch of innovative products, rising awareness about benefits of advanced technologies in enhancing work and daily lives, and increasing household incomes. Globalization of some of the most renowned consumer electronics manufacturers, which is allowing their reach to a larger global audience, is also largely favoring the expansion of the overall consumer electronics market. Consumer electronics represents one of the largest segments in the manufacturing industry, and has huge growth potential, particularly with innovative technologies and in emerging markets.

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The global consumer electronics market observes high demand for new technological advancements and innovative products. Demand for evolutionary versions of existing products and technologies is also high. Demand for innovative audio visual equipment is rising across commercial, residential, and automotive sectors. Moreover, the thriving IoT industry is also providing promising growth avenues to the global consumer electronics market.

This analysis of the global consumer electronics market is based on a recent market research report by Transparency Market Research, titled “Consumer Electronics (Television, Handheld Devices, Personal Computers, Cameras and Camcorders, Audio/Video Devices, Personal Care Products, Gaming Consoles) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2022.”

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Trekking Poles Market Anticipated for Progressive CAGR Growth During 2020-2026

Trekking poles are also referred to as hiking sticks, hiking poles, or walking poles. It is a common hiking accessory used to assist walkers and provides stability on rough terrain. These poles reduce strain and force of gravity when hiking downhill. Trekking poles require more energy for hiking since they involve both upper and lower body muscles. These poles help in reducing the strain on the knees during descent and improve balance during stream crossings. They can also be used as aids to probe the depth of water or mud and for facilitating crossing.

These are majorly used by hikers, snowshoers, and backpackers for maintaining balance and providing stability on all types of terrains. Trekking poles also offer surplus point of contact with the ground, improving the stability on slick or wet ground, over ice and snow, and on unstable earth or on loose rocks significantly. These hiking sticks allow the hiker’s arms and upper body to reduce some burden off the legs. They are specifically used for aiding tired legs on steep uphill slogs and on the downhill trek, avoiding slips leading to injuries in which joints like knee and ankle are most susceptible to damage.

Increasing participation in outdoor recreational activities is expected to drive the trekking poles market growth over the forecast period. Furthermore, growing number of environment friendly product offerings by various manufacturers is one of the major trends among market participants, expected to influence market growth during the forecast period.

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Additionally, increasing number of innovative and value-added adventure sports products is expected to positively impact the trekking poles market growth in the coming years. Vendors in the market are also introducing various innovative product offerings in trekking poles in terms of design, shape, color, and weight to cater to the varied needs of consumers. Growing government initiatives to promote outdoor activities is also projected to drive the trekking poles market growth over the forecast period.

Furthermore, the benefit associated with hiking such as increased fitness, helps and prevents various diseases such as diabetes, blood pressure, and cholesterol, which has also influenced the trekking poles market growth indirectly. The benefits associated with trekking such as improved cardiovascular strength, reduced stress, etc. has influenced the market in a positive manner. These factors associated with hiking and trekking has led to enhanced demand for trekking poles among consumers and hikers.

The global trekking poles market is classified based on product, application, and region. In terms of product, the trekking poles market can be segmented into aluminum, metal, rubber, carbon fiber, and wood. Based on application, the trekking poles market can be segmented into outdoor climbing, hiking plains, and daily use. Based on region, the global trekking poles market can be categorized into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to hold the major share in the trekking poles market in terms of revenue over the forecast period. Countries such as the U.S. and Australia are witnessing a rise in the number of hikers due to increased health consciousness among the population.

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Prominent players in the global trekking poles market include Cascade Mountain Tech, Himal, Black Diamond, Hiker Hunger, Sona, High Trek, Sterling Endurance, BAFX Products, Brazos Walking Sticks, Leki, AGPtEK, Pacemaker Stix, Mountainsmith, and Mountaintop. The companies in the market are continuously investing for developing innovative technological solutions in the trekking poles for improving the experience of trekking enthusiast, for instance, Helinox has developed a cutting-edge DAC technology for developing a lightweight trekking poles for outdoor activities. The intense competition among key players has made it necessary for manufacturers to continuously enhance their product offerings to maintain their position in the market.

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Art Supplies Market Status & Growth Opportunities, Top Key Players, Target Audience and Forecast to 2030

The art supplies market may gain an upper hand in terms of growth on the account of the growing demand due to COVID-19-induced lockdowns across the world. As the governments of various countries have implemented stay-at-home orders, many people are utilizing this time to fulfill their hobbies like drawing, painting, crafts, etc. This aspect may ping tremendous growth opportunities for the art supplies market between 2020 and 2030.

The promotion of cultural and indigenous art types in various countries may boost the art supplies greatly. The use of biodegradable art supplies has also gained considerable momentum over the years due to the growing awareness about the environment. This factor may ping good growth for the art supplies market.

This report on the art supplies market provides a bird’s eye view of the current market situation. The report analyses growth parameters like key players, competitive landscape, regional scenario, and emerging trends. The report also offers expansive research on how the COVID-19 pandemic will impact the art supplies market. The segmental study enables the stakeholder to understand the different aspects of the art supplies market systematically.

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Art Supplies Market: Competitive Analysis

The art supplies market has a plethora of players competing against each other for grabbing a prominent position in terms of sales and consumer loyalty. This factor attracts intensive research and development activities, novel product launches, initiatives to increase production capacity, and exploring untapped regions. Manufacturers in the art supplies market are also focusing on developing eco-friendly products due to the growing awareness about environment conservations across the globe.

The entry of new players in the art supplies market may increase the competition greatly. Entering the art supplies market is not a complex task as it requires low investment due to minimal infrastructure requirements and the regulations are also not extremely stringent. These factors enable maximum entry of new players in the art supplies market.

Investments from major conglomerates and organizations, mergers, acquisitions, joint ventures, and collaborations help in cementing the base of the players in the art supplies market. Some well-established players in the art supplies market are Société BIC SA, Kokuyo Camlin, F.I.L.A., Faber-Castell, and STAEDTLER Mars GmbH & Co. KG.

Art Supplies Market: The Growing Influence of Eco-Friendly and Non-Toxic Products

The art supplies market may garner good growth from eco-friendly products. A substantial consumer base is inclining toward eco-friendly and non-toxic art supplies for assuring complete safety for their progeny. Here are some art supplies that may ping good growth.

Glue: Used for a number of craft activities, glues laced with chemicals can prove hazardous for kids. Therefore, a plethora of eco-friendly and toxic-free glues are offering a hotbed of opportunities for the art supplies market. For instance, Onyx Green glue is made using plant-based packaging and 88 percent non-toxic ingredients.

Glitter: Biodegradable glitters are gaining good traction and may ping expansive growth opportunities for the art supplies market. Today Glitter is a classic instance. It is made from eucalyptus and is available in a variety of colors and textures.

Color Pencils: Colors form an important part of any art activity. The use of eco-friendly color pencils may serve as good growth generators for the art supplies market. Faber Castell launched colored EcoPencils made from reforested wood. These pencils are also non-toxic. Such products assure extensive growth for the art supplies market.

Clay: Eco-friendly clay may prove to be a good growth multiplier for the art supplies market. Clay made from all-natural and non-toxic ingredients do not harm the skin.

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Art Supplies Market: Regional Dimensions

The art supplies market is spread across North America, Latin America, the Middle East and Africa, Asia Pacific, and Europe. Asia Pacific may gain a large share of growth across the forecast period due to the vast presence of school-going children and the use of pencils, markers, etc by them across the region. The governments of various countries in the region are encouraging the promotion of local arts. This factor may garner good growth for the art supplies market.

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