Video Conferencing Market to Witness a Sustainable Growth over 2030

Video conferencing refers to conducting a conference using telecommunication technologies to enable real-time two-way transmission of audio and video. Increasing globalization is encouraging most organizations to shift to conference meetings to enable faster decisions and reduce traveling hassles. In the corporate enterprise sector, video conferencing is predominantly used to enable effective real-time communication over long distances at minimal cost and time, and enhance productivity between teams based in different locations worldwide. Additionally, it saves travel expenses and addresses customer queries. The global video conferencing market is anticipated to expand at a CAGR of ~9% during the forecast period, and was valued at approximately ~US$ 6 Bn in 2019.

Key Drivers of Video Conferencing Market

The video conferencing market is witnessing noticeable growth, owing to the rising adoption of cloud-based video conferencing solutions globally. Increasing prominence of cloud-based video conferencing services has led to the implementation of better encryption and password protection solutions for cloud-based video conferencing systems across the world. Furthermore, growing use of cloud-based solutions and emergence of the 3D technology in video conferencing solutions is also a major factor, which is accelerating demand for this solution globally. According to a report by American Telemedicine Association, more than 200 academic medical centers in the U.S. already offer video-based consulting to clients in other parts of the world.

Video conferencing is a major technology tool used by enterprises to enhance collaboration. Additionally, organizations across the world are increasingly focusing on curtailing costs related to their means of communication in order to extend their reach globally. This has created immense opportunities for the video conferencing market, thereby leading to development of advanced conferencing solutions and services. Furthermore, the rising need to reduce operating costs has led to a recent shift from traditional immersive telepresence systems to software solutions in the video conferencing market. Enterprises across the world seek to deploy cheaper and scalable cloud-based video conferencing solutions to lower the total cost of ownership (TCO).

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Managing business in the global context and increasing adoption of video conferencing solutions by small and medium enterprises (SMEs) are the key factors driving the growth of the video conferencing market globally. Cloud-based video conferencing services offer higher availability and accessibility to end-users, as the infrastructure is managed and maintained at the service provider’s site. Moreover, the rising trend of a mobile workforce and Bring Your Own Device (BYOD) has led to widespread adoption of cloud-based video conferencing services. At present, on-premise holds major market revenue share, whereas cloud based video conferencing is expected to see higher CAGR during the forecast period. Verticals such as healthcare and government & defense are expected to register strong growth in the coming years due to digitization in governance and increasing impact of COVID-19 on different industries.

Key Players in Video Conferencing Market

The global video conferencing market comprises of large as well as mid-sized video conferencing system manufacturers and suppliers. Companies such as Cisco Systems, Inc., Polycom Inc. and Huawei Technologies Co., Ltd., have been able to establish a strong presence in various countries across the world. Vendors present in the video conferencing market are currently focusing on introducing advanced software and integrating new capabilities within the software to enable video conferencing across company boundaries, and meet the need to manage video delivery and quality. Moreover, video conferencing solution providers are aggressively developing innovative products that match customers’ expectations for enhanced features and integrated capability over connected devices. Currently, the market is growing and leading players are continuously focusing on acquisition of local players in order to broaden their geographical reach.

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Some significant players engaged in the video conferencing market include Adobe Systems Incorporated., Atlassian Corporation Plc., Cisco Systems, Inc., Fuze, Inc., Huawei Technologies Co., Ltd., JOYCE CR, S.R.O., Logitech International S.A., LogMeIn, Inc., Microsoft Corporation, Orange Business Services, Polycom, Inc., Vidyo, Inc., Visual Systems Group, Inc. (VSGi), West Corporation, and ZTE Corporation.

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Functional Apparel Market 2020 Analysis, Sales Revenue, Development Strategy and Regional Forecast to 2027

The global functional apparel market is anticipated to clock an impressive 13.5% CAGR during the forecast period between 2019 and 2027. At this pace, the market will be valued at US$ 892.4 bn by the end of 2027. 

Major brands such as NIKE, Puma, Adidas, and Mizuno offer application-specific footwear and apparels. Functional apparels can be classified based on type of sport and application. Based on type of sport, they are classified into running shoes, volleyball shoes, etc. Functional apparels with advanced technology are commonly made of microfiber or polyester fabric that absorbs sweat from the body onto the fabric surface, where it evaporates. As a result, these apparels keep athletes dry and comfortable.

Similarly, all types of functional clothing are designed to provide heating and cooling effects as required. In case of cold weather, the apparel retains energy and resists heat loss. Functional socks feature anti-blister system, active odor control, and durability. They stay dry and comfortable for a long time. Increasing awareness regarding beneficial features of these functional apparels and footwear is drawing customers’ attention toward them instead of conventional clothing and footwear.

With the presence of a large number of players that offer application-specific products, the global functional apparel market is fragmented, states Transparency Market Research in a new report. Players in the market are investing substantially in innovative technology to introduce novel products that offer flexibility, durability, and comfort. Research and development to introduce eco-friendly fabric to serve the demand for eco-friendly performance clothing is also the focus of players in the functional apparel market. Such initiatives will help market players expand their brand into new categories.

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In terms of type, the functional apparel market is divided into sportswear, outdoor apparel, footwear, socks, and innerwear. Among them, the footwear segment is anticipated to display faster growth rate over the forecast period. In terms of region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is one of the key region of functional apparel market. As individuals are adopting physical activity and fitness regimes, the demand for sportswear apparel and footwear with sweat-free, antimicrobial, and anti-odor features is anticipated to be on the rise in the region.

Demand Of Scientific Principles for Product Manufacture

Growing prevalence of skin allergies and foot allergies is driving the demand for sweat absorption and anti-bacterial features in functional apparel. The adoption of scientific principles in the manufacture of functional apparels offer protection from heat, radiation, extreme cold, and chemicals. These attributes help functional apparel find special potential among technology-savvy users. Highly engineered athletic footwear helps in improving athletic performance and helps reduce injuries.

High Investment in Research & Development

Fabrics are made hi-tech by using chemicals and other methods, which are not eco-friendly. However, at present, consumers have become highly conscious about the environment. They demand eco-friendly performance clothing. In such a scenario, players operating in the functional apparel market have started research and development activities to introduce innovative performance apparels that are natural too. Some of the apparel manufacturers have started utilizing the potential of natural fibers such as bamboo-, soy-, and corn-based fibers for the same purpose.

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Manufacturers are experimenting with organic and recycled fabrics and several of them have come up with green functional apparels made of organic and recycled fabrics. Recycled polyester is mostly used for this purpose. Conversely, a combination of recycled polyester and organic cotton is used for producing eco-friendly performance apparels. These fabrics can perform well even in highly demanding conditions such as extremely hot and humid climate and extremely cold climate.

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Track and Field Spikes Market 2020 Business Strategy, Key Vendors, Opportunity Assessment and Forecast 2025

The global track and field shoes market exhibits a consolidated structure, finds a report by Transparency Market Research (TMR). The top five players in this market, namely Nike Inc., Adidas AG, PUMA, Asics Corp., and New Balance, together held more than 60% in this market in 2016.

As these key players are aggressively focusing on product innovation and advancements in the current offerings to gain greater visibility, the competition within the market is likely to intensify further in the years to come.

As per TMR’s estimations, the global market for track and field spikes stood at US$13.13 bn in 2016. Progressing at a CAGR of 2.90% over the period from 2017 to 2025, the opportunity in this market is likely to rise to US$16.88 bn by the end of the forecast period. Over the same period of time, the market is anticipated to touch 262.8 million shipment units in 2025.

The global market for track and field spikes shoes is heavily influenced by strong sales and distribution network. Offline distribution channel captured a significant market share in 2016. The increase in e-commerce among the key players anticipated to boost the demand for the global track and field spikes shoes during the forecast period.

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Geographically, the research report of track and field categorizes the global market for track and field spikes into North America, Europe Asia Pacific, Middle East, Africa and Latin America. It further presents a detailed comprehensive analysis of the global market on the basis of the performance of these regional markets. Amongst all, the Europe led the global market with a share of more than 38% in 2016. The increasing number of manufacturers in track and field spikes shoes, together with the rising product innovation through continuous research and development, is anticipated to propel the Europe market for track and field spikes in the forthcoming years.

The rising number of distribution channels and the growing product innovation has been the key factor behind the growth of this regional market. Germany, followed by France, has emerged as the leading domestic market for track and field spikes in Europe. Led by the growing number of events of track and field in all these countries, the growth for track and field spikes market in Europe is expected to be optimistic in the future.

Increase in Sports Participation to Fuel Demand

“The increasing sports participation rates in the developing regions are generating opportunities for the global track and field spikes market,” says an analyst at TMR. Sports are considered as a powerful tool of development and progress of the economy.

Rapid prospects for the athletes over the years in track and field sports and pursuing it as a professional career are generating opportunities for key players to expand their market in the global track and field spikes shoes. However, rise in number of counterfeit products may restrict the market’s progress to some extent in the near future. Nevertheless, the lucrative potential of sports from developing economies is likely to open new growth avenues for market players in the years to come, states the research report.

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The study presented here is based on a report by Transparency Market Research (TMR), titled “Track and Field Spikes Market (Category Type – Run (Sprint, Mid Distance, and Cross), Jump (Long Jump, Triple Jump, Pole Vault, and High Jump), and Throwing (Javelin); By Gender – Male and Female; Distribution Channel – Online Distribution Channel and Offline Distribution Channel) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.”

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Commercial Fitness Equipment Market Sales Revenue, Future Trends, Competitive Landscape and Forecast 2022

With regards to the vendor landscape, the global commercial fitness equipment market boasts prominent companies such as Brunswick Corporation (Life Fitness), Johnson Health Tech. Co., Ltd., Amer Sports Corporation, Technogym, Cybex, and Matrix Fitness, among others. Considering the presence of several large companies, the global commercial fitness equipment market witnesses the prevalence of a high degree of competition. Therefore, in order to gain a competitive edge many of these enterprises have taken up mergers and acquisitions. Strategic collaborations are favored as well, as they offer the market players to expand their footprint within the industry. For instance, Cybex International was acquired by Brunswick Corporations in 2016. A majority of the companies operating in the global commercial fitness equipment market are more inclined toward forging long term partnerships with hotels and gyms to remain the sole supplier of fitness equipment for a longer term.

Meanwhile, strategies adopted by the market players leave a profound impact on the way the overall market functions. According to TMR, the global construction fitness equipment market will reach US$2.19 bn by the end of 2017. Exhibiting a CAGR of 4.8%, the market is forecast to value US$2.77 bn by the end of 2022.

According to the report, the commercial fitness equipment market is poised to surge at an impressive pace during the aforementioned forecast period. With people from around the world inclining towards healthier living, they are expected to dedicate more time on fitness and exercise. This is touted by experts as a chief factor enabling the market gain momentum over the last few years. Factors such as the rising incidence of chronic heart disorders and obesity on the back of increasingly prevailing sedentary lifestyle have compelled people to focus more toward their health. Also to benefit their citizens and encourage healthy living, governments from across several nations have introduced myriad initiatives and healthcare awareness programs. Given the scenario, the demand for commercial fitness equipment is expected to surge in the coming years.

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Also rapid urbanization and increasing pollution due to industrialization, which are phenomenon inducing stress and ill health will play significant rolls in making consumers more willing to spend their time and money on fitness and exercise. Against this backdrop, nations around the world have witnessed increased gym membership especially among working and urban population. Furthermore, the rising awareness among geriatric population has helped the market gain pace as well. Besides this, baby boomer generation in Asia Pacific and Europe are increasingly enrolling in specialized health clubs and gyms, which bodes well for the global commercial fitness market.

While technological advancements and advent of connected devices market have fuelled growth in the commercial fitness equipment market, leading companies are wary of the high cost of manufacturing these equipment. It is due to the same factor that a majority of consumers prefer to use public equipment at affordable member costs. Also the market is witnessing high demand for used fitness equipment as these machines can run a long time and are highly durable. These could pose threat to the global commercial fitness equipment market.

Nonetheless, advancements such as advent of wearable technologies and smartphone apps enabling consumers to monitor their vitals and performance, besides providing suggestions for personalized training, will enable the market gain impetus in the coming years.

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Global Commercial Fitness Equipment Market: Key Segments

Among the various product types, the market is expected to witness considerably high demand for treadmills. According to the report, treadmills will hold dominance in the overall market. By the end of 2017, the segment is expected to account for nearly 38.1% of the global commercial fitness equipment market. Regionally North America is expected to offer lucrative prospects. The rising incidence of chronic ailments and obesity will help the market grow in the region. However, exhibiting a CAGR of 5.2% over the forecast period, Asia Pacific is expected to emerge as one of the most lucrative pockets for commercial fitness equipment sales.

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Wireless Earphone Market 2020: Development Strategy, Key Players Analysis, Future Trends and Outlook 2026

According to a new market report published by Transparency Market Research  titled ‘Wireless Earphone Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,’  the global wireless earphone market was valued at US$ 5.10 Bn in 2017. It is expected to reach US$ 10.14 Bn in terms of revenue by 2026, expanding at a CAGR of 8.2% from 2018 to 2026. The market in Asia Pacific is likely to expand at a rapid growth rate during the forecast period, due to a rise in the number of premium brands and strong product innovation among manufacturers.

The adoption of wireless earphones has increased across regions. Wireless earphone are cord-free and hands free and offer ultimate mobility. Moreover, many wireless earphones come with bass-boosting technology and noise-isolation feature.  All these factors are expected to increase the demand for wireless earphone over the period of time. Apart from this, penetration of smart devices such as smartphones, tablets, laptops, streaming media players, and various other devices is likely to drive demand for and adoption of wireless earphones during the forecast period. 

However, the entry of new players and competitive prices offered by them are creating pricing pressure for established players. This is likely to reduce profits of established players, thereby resulting in a decline in investments during the forecasted period.

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In terms of type, the canal earphone segment is likely to offer significant expansion opportunities as canal earphones offer east fit and convenience.

In terms of connectivity, the Bluetooth connectivity technology segment is expected to maintain its market share, owing to the rising adoption of portable devices such as smartphones, mobiles, laptops, and tablets.

In terms of application, the sports & fitness segment is expected to expand at a rapid CAGR during the forecast period. As compared to the gaming & virtual reality segment, the music & entertainment segment is expected to constitute a higher market revenue share in the coming years.

In terms of distribution channel, the online distribution channel segment is expected to expand at a robust pace during the forecast period, owing to the rapid penetration of Internet services across the world. In addition to this, technological advancements and a rise in the number of smartphone users are expected to boost the online stores segment during the forecast period.

In terms of market type, the mobile aftermarket segment holds a key share of the wireless earphone market and is expected to maintain its share during the forecast period. At present, smartphone manufacturer’s offer wired earphones with the mobile inbox. As a result of this, consumers are inclined toward the mobile aftermarket.

In terms of region, Europe accounted for a dominant share of the wireless earphone market in 2017. North America also accounted for a prominent share in the wireless earphone market. The U.S. is a significant country of the wireless earphone market in North America. The market in Asia Pacific is anticipated to expand at a rapid CAGR during the forecast period. The market in India and China is likely to expand rapidly as compared to that in other countries. The market in Middle East & Africa and South America is expected to expand at a sluggish pace.

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The wireless earphone market consists of a large number of public and private players. Market players focus on developing new products to meet the changing consumer preferences. Product innovation, technological advancements, and acquisitions are the key competitive strategies adopted by the top players in the wireless earphone market. Prominent market players profiled in the research report include Skullcandy, Harman International Industries, Sennheiser electronic GmbH & Co. KG, Plantronics, Inc., Bose Corporation, Sony Corporation, Jabra, Koninklijke Philips N.V, Apple Inc., Samsung, Motorola Mobility, Huawei Technologies Co., Ltd, Bang & Olufsen, Edifier International Limited, Panasonic, Shure Incorporated, Xiaomi, Nokia, LG Electronics, Inc., OnePlus, and Motorola mobility (Lenovo Inc.). The report also offers competitive landscape of the key players in the wireless earphone market.

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Smart Oven Market Analysis, Emerging Trends, Opportunity Assessment and Forecast 2026

According to a new market report published by Transparency Market Research titled “Smart Oven Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global smart oven market is expected to reach US$ 513.7 Mn by 2026, expanding at a CAGR of 20.3% from 2018 to 2026. North America held the dominant market share in the smart oven market in 2017.

A smart oven is an electric appliance which has Wi-Fi or Bluetooth connectivity option to a smartphone. The app allows users to control the appliance remotely or to set automatic functions. The features of smart ovens are the same as conventional ovens; however, they are more flexible in cook top configurations and induction burners which makes cooking faster and also with connectivity options.

The market in Europe is expected to have the highest growth rate during the forecast period due to preference of users toward IoT enabled devices and smart home concepts in some countries of the region. The Asia Pacific region is witnessing an increase in demand for smart ovens due to the increasing urbanization and rise in population. More number of households in emerging countries such as China and India are likely to opt for smart ovens due to preference for technologically advanced products.

By type, multiple function smart ovens have the highest growth opportunities as consumers prefer to choose these ovens over single function smart ovens by spending a little more. Multiple function smart ovens are used in residential and commercial applications due to multiple features offered.

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By structure type, built-in smart oven segment holds the largest market share and is expected to continue its dominant market over a period of time as these ovens are preferred by end-users all over the world.

By connectivity, Wi-Fi connectivity segment is expected to command the highest CAGR during the forecast period in terms of revenue as end users are looking for convenience and easy to use technologies. Wi-Fi is the most preferred technology in today’s world due to features such as simple connectivity, range of communication etc.

By capacity, smart ovens with capacity of 20-25 liters held the highest market share in 2017. The reason for the growth of the smart oven market in this segment is that end-users prefer larger capacity ovens if the same is offered by spending a little more.

By application, residential segment in the smart oven market holds the dominant market share and is expected to continue its leading position over the forecast period as there are many residential projects in the pipeline due to urbanization.

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By distribution channel, offline distribution channel segment in the smart oven market holds the major share as end-users prefer buying kitchen appliances from the showroom or shops. However, the scenario is expected to change in the coming years as more people are expected to buy products from online distribution channels. Furthermore, an omni-channel strategy is expected to have a compounding impact on the growth of wholesalers. It has helped wholesalers to enlarge their customer base. Since it unifies all the channels, it effectively promotes the idea of one brand, one experience to consumers across all touch points.

Companies in the smart oven market are focusing on achieving long-term growth through innovations. Some of the major competitors in the market include GE Appliances, Breville Group Limited, Electrolux, Samsung, Candy Hoover Group S.r.l., BSH Home Appliances Corporation, Dacor, Inc., Haier Inc., LG Electronics, Tovala, and Sub-Zero Group, Inc.

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Organic Personal Care Market Analysis, Sales Revenue, Business Growth and Forecast 2022

The competitive landscape of the global organic personal care market is a one with intense competition. There are several established players in the market that are striving for maintaining their brand position. Furthermore, there has been a substantial increase in the number of local vendors in the market that has also fueled the competition in the market. This increased competition is helping the growth of the global organic personal care market.

The companies are investing more on devising marketing strategies that will help them grow even more. In the next few years, these companies are projected to cater to the growing demand from the regional end users with respect factors such as dietary habits and weather conditions that have a negative impact on hair and skin. Some of the biggest brands in the global organic personal care market include names such as Estee Luader, Natura Cosmetics SA, L’Oreal SA, The Body Shop, and Amway among others.

Growing Awareness about Use of Organic Products is Helping Market Growth

There are several factors that are helping to push the development of the global organic personal care market. One of the key driving factors is the growing spending power of consumers. Moreover, growing awareness about the use and benefits of organic personal care products for grooming and wellness is also creating a huge demand for the market. In coming years, it is expected that with the growing use of chemicals and other inorganic materials in the production personal care products will hamper people’s health.

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This is expected to prompt end users to switch to organic personal care products and thus help in the further development of the global market. There has been a growing trend of living a chemical-free life. This too has had a significant impact on the development of the global organic personal care market.

The competitive landscape of the global organic personal care market is a one with intense competition. There are several established players in the market that are striving for maintaining their brand position. Furthermore, there has been a substantial increase in the number of local vendors in the market that has also fueled the competition in the market. This increased competition is helping the growth of the global organic personal care market.

The companies are investing more on devising marketing strategies that will help them grow even more. In the next few years, these companies are projected to cater to the growing demand from the regional end users with respect factors such as dietary habits and weather conditions that have a negative impact on hair and skin. Some of the biggest brands in the global organic personal care market include names such as Estee Luader, Natura Cosmetics SA, L’Oreal SA, The Body Shop, and Amway among others.

Growing Awareness about Use of Organic Products is Helping Market Growth

There are several factors that are helping to push the development of the global organic personal care market. One of the key driving factors is the growing spending power of consumers. Moreover, growing awareness about the use and benefits of organic personal care products for grooming and wellness is also creating a huge demand for the market. In coming years, it is expected that with the growing use of chemicals and other inorganic materials in the production personal care products will hamper people’s health. This is expected to prompt end users to switch to organic personal care products and thus help in the further development of the global market. There has been a growing trend of living a chemical-free life. This too has had a significant impact on the development of the global organic personal care market.

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North America to Emerge as Leading Regional Segment

With such substantial driving factors working in favor of the market growth, the global organic personal care market will exhibit a massive CAGR of 11.3% for the given forecast timeframe of 2017 to 2022. With such eye catching rate of growth, the global market is expected to reach a valuation of US$18.7 by the fall of 2022. The initial valuation of global organic personal care market was at US$10.9 bn recorded in 2017. In terms of type of products, the segment of organic hair care products is projected to be the highest contributor. The segment is projected to reach a valuation of US$5.7 bn by the end of the forecast period in 2022. In terms of geographical segmentation, the segment of North America is expected to emerge as the leading regional segment. The valuation of the North America regional segment for organic personal care market is expected to reach US$5.8 bn by 2022.

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