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Showing posts from July, 2021

Web Conferencing a Powerful Cost-Cutting Tool for Corporates

Presently, the highest usage of these solutions is being witnessed in the information technology (IT) & telecom sector. Corporate firms around the world are using these solutions to help their team members interact remotely and boost productivity. Companies have shifted a great part of their workflow on the cloud, which is allowing employees to work from wherever they are. The increasing adoption of the bring-your-own-device (BYOD) policy is also playing an important role in this regard. This policy allows employees to use their smartphones and laptops for office work from anywhere, which creates a need for web conferencing solutions. The usage of such solutions has been the highest in North America till now because of the availability of high-speed internet, presence of numerous IT companies offering such solutions, and existence of a huge number of multinationals. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/web-conferencing-market-report/...

Wi-Fi Analytics Market To Generate $52,975.5 Million Revenue by 2030

The Wi-Fi analytics market is expected to exhibit a CAGR of 24.2% during the forecast period (2020–2030), due to the increasing penetration of smartphones, escalating Wi-Fi deployment rate, and the rising proliferation of big data technology worldwide. The market generated a revenue of $5,210.0 million in 2019 and it is projected to generate $52,975.5 million revenue by 2030. Wi-Fi analytics refers to the use of a Wi-Fi network to collect data from internet-enabled devices, such as smartphones and laptops. One of the major growth drivers for the market is the increasing deployment of public Wi-Fi hotspots, primarily on account of the burgeoning use of wearable devices, smartphones, tablets, and other internet-enabled devices. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/wifi-analytics-market-report/report-sample Public Wi-Fi networks have emerged as one of the most viable solutions for meeting the burgeoning demand for high bandwidth. Furthermor...

Why Are Consumer Electronics Companies Using Microdisplays?

Road crashes cause more than 1.3 million human deaths each year, says the World Health Organization (WHO). Sadly, most of the instances are avoidable, as they are a result of over-speeding, talking on the mobile while driving, and rash driving, all of which are human errors. Alarmed at the high number of road accidents, several countries have mandated the usage of advanced driver-assistance (ADAS) systems in vehicles to aid drivers and reduce road accident deaths. This is to be a key reason, as per P&S Intelligence, for the growth of the microdisplay market value from $1.0 billion in 2019 to $4.0 billion by 2030, at a CAGR of 13.4% between 2020 and 2030. This will essentially be driven by the integration of heads-up displays (HUDs) in ADAS to display critical information about the vehicle and journey, including speed, route, fuel/battery charge level, tire pressure, approaching traffic signals, and pedestrian density. HUDs would be mounted right in front of the windshield, behind ...

Increasing Use of IoT Driving Demand for Edge AI Software

With the rapid development of internet of things (IoT) applications, the demand for edge artificial intelligence (AI) software is rising sharply across the world. This is because edge computing solves the various issues associated with IoT. Moreover, these AI-driven applications need high computing capabilities to process and analyze the data generated from IoT applications and devices. Get the Sample Copy of this Report : https://www.psmarketresearch.com/market-analysis/edge-ai-software-market-forecast/report-sample Furthermore, many edge software AI developers are investing heavily for improving the functionalities of IoT-based gadgets and applications in order to gain an edge over their rivals. For instance, an AI-based food traffic monitoring software was launched in 2019. This software allows store owners to gather data about different client traffic patterns in the shops. Additionally, the surging requirement for greater efficiency in data processing is also pushing up the worldw...

How Is Internet Penetration Fueling Anti-Money Laundering Software Demand?

Geographically, North America dominated the anti-money laundering market in the recent past. This was due to the surging adoption of advanced technologies, such as AI and machine learning (ML), rising internet penetration, and the burgeoning number of money laundering cases in the U.S. and Canada. Moreover, the presence of a large number of solution providers also accelerates the adoption of AML services and solutions in the region. Additionally, the existence of digitized financial institutions and banks augments the usage of such solutions and services in the U.S. and Canada. In November 2020, Oracle Corporation launched Oracle Financial Crime and Compliance Management Cloud Services for banks. This anti-money laundering service is an application suite designed for smaller financial institutions and mid-sized banks. Get the Sample Copy of this Report @  https://www.psmarketresearch.com/market-analysis/anti-money-laundering-aml-market/report-sample   This AML solution offers...

How Is Booming Mobile Phone Sales Supporting RF Transceiver Market Growth?

Geographically, APAC accounted for the largest share in the RF transceiver market in 2019, and it is expected to maintain its dominance throughout the forecast period. This can be attributed to the growing adoption of wireless communication devices, accelerating demand for video streaming, and surging advancements in IoT technology in the region. Moreover, the increasing deployment of 5G in China, owing to the Made in China 2025 plan of the government, is also driving the market growth in APAC. Additionally, the rising use of cloud computing and AI technologies will support the market growth in the region, in the coming years. Whereas, the LATAM RF transceiver market is projected to demonstrate the fastest growth during the forecast period, due to the soaring internet penetration and increasing adoption of 4G and 5G and smartphones in the region. Besides, the mounting investments being made by mobile operators in their content and media capabilities, 5G services, and IoT applications ...

Low-Code Development Platform Market To Reach $187.0 Billion Revenue by 2030

A number of factors such as the booming demand for business digitization, growing requirement for less dependence on information technology (IT) professionals, and rising number of stringent government regulations will drive the low-code development platform market at a CAGR of 31.1% during the forecast period (2020–2030). The market generated a revenue of $10.3 billion in 2019 and it is expected to reach $187.0 billion revenue by 2030. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/low-code-development-platform-market/report-sample In recent years, the surging preference for cloud-based low-code development platforms has become a prominent market trend, due to the rising shift from on-premises set-up to cloud-based systems. The demand for low-code development platforms is primarily driven by the soaring demand for business digitization. Digital transformation of companies operating in the BFSI, oil and gas, manufacturing, and automotive industrie...

Booming Construction Sector Driving Commercial AC Market Growth

At present, players of the commercial AC market , such as Johnson Controls International PLC, Mitsubishi Electric Corporation, Danfoss A/S, Samsung Electronics Co. Ltd., Midea Group Co. Ltd., United Technologies Corporation, and Toshiba Corporation, are focusing on introducing new cooling equipment to gain a competitive edge. For instance, in September 2019, Mitsubishi Electric Corporation launched a VRF system containing the R32 refrigerant in the U.K. to meet the burgeoning demand for environment-friendly electrical appliances. Similarly, in January 2020, LG Electronics Inc. introduced the Whisen ThinQ line of ACs in Seoul, South Korea. Categories under the type segment of the commercial AC market are variable refrigerant flow (VRF), ducted split/packaged unit, split units, chillers, and room ACs. In 2019, the split units category held the largest market share, as they can be used independently for effective and appropriate cooling. Get the Sample Copy of this Report @  https://w...

Increasing OTT Content Consumption Driving Edge Data Center Market Growth

The global edge data center market revenue stood at $5.3 billion in 2019, and it is expected to surge to $53.1 billion by 2030. Furthermore, the market will advance at a CAGR of 25.4% from 2020 to 2030, as per the estimates of the market research company, P&S Intelligence. The market is being driven by the rapid 5G commercialization, increasing over-the-top (OTT) traffic and mobile data traffic, and the surging demand for internet of things (IoT) devices across the world. The increasing adoption of smartphones and IoT devices is fueling the soaring mobile data traffic, which is, in turn, propelling the requirement for edge data centers.  This is because these centers are required for managing the huge volumes of data being generated all over the world. Moreover, the growing popularity of OTT platforms , on account of the rising demand for online content, is augmenting the generation of data. As conventional data centers are usually located far away from users, OTT content expe...

Increasing Oil & Gas E&P Activities Driving Demand for Metering Pumps

A major factor propelling the worldwide sales of metering pumps is the booming chemical industry in several countries. As metering pumps provide many advantages to the chemical industry such as handling corrosive chemicals, low maintenance costs, long service life, and high energy-efficiency, they are being increasingly used in various chemical processes. Due to this reason, the expansion of the chemical industry in the U.S., Europe, and China is positively impacting the demand for metering pumps. This is subsequently causing the growth of the metering pump market. According to the forecast of the market research firm, P&S Intelligence, the value of the market will rise from $4.4 billion in 2019 to $6.8 billion by 2030. Furthermore, the market is expected to progress at a CAGR of 3.9% from 2020 to 2030 (forecast period). Piston and diaphragm are the most widely used types of metering pumps across the world. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/mark...

How Is Rising Internet Use Driving Video Streaming Market Growth?

Categories under the deployment segment of the video streaming market include cloud and on-premises. In 2018, the on-premises category generated the higher market revenue, due to the dominance of Pay TV, despite the emergence of OTT platforms. For instance, in recent years, cable TV, DTH, and DTT have been witnessing a significant surge in North America. Whereas, the cloud category is expected to demonstrate the fastest growth during the forecast period, because Dropbox, iCloud, Google Drive, and SharePoint have become a vital part of the overall mobile experience. Geographically, North America accounted for the largest share in the video streaming market in 2018, due to the wide-scale practice of streaming videos on smartphones in the region. Moreover, the availability of high internet speed and strong broadband connectivity North America are major contributors to the market growth in the region. Besides, the increasing availability of customized content is also supporting the market...

How Is Telecommunications Sector Strengthening Optical Amplifier Market?

Categories under the type segment of the optical amplifier market are Raman amplifier, earth doped fiber amplifier (EDFA), and semiconductor optical amplifier. In 2019, the EDFA category generated the highest revenue in the market, as this amplifier is an important component in long-range optical fiber communication. Due to the large gain bandwidth of EDFA, it is utilized in data channels with high data rate. As compared to the other amplifiers, EDFA is more reliable and has a longer lifetime. The end user segment of the optical amplifier market is classified into aerospace, industrial, healthcare, telecommunication, data center, military and defense, and others. Among these, the telecommunication category is expected to account for the largest market share, primarily on account of the rising use of optoelectronic devices, such as optical amplifiers, and optical fiber for communication medium. Get the Sample Copy of this Report @  https://www.psmarketresearch.com/market-analysis/op...

How Is Retail Sector Propelling mPOS Terminal Sales Worldwide?

In recent years, new and improved variants of mPOS terminals are available for the retail, hospitality, food service, healthcare, and sports and entertainment sectors. For example, in June 2019, Volly launched a new mPOS app, which enables loan officers to invite borrowers to apply for new loans or receives prequalified loans at any time, from any location.  Additionally, the app also enables borrowers to upload the required documents from their mobile phones, while applying for a loan, and allows loan officers to track the status of the deal. The component segment of the mPOS terminals market is bifurcated into hardware and software. Of these, the hardware category generated the higher revenue in 2019, as a wide range of POS hardware is needed for digital payments, which are being deployed in the hospitality, food service, and retail sectors across the globe.  Whereas, the software category is expected to witness faster growth during the forecast period, due to the growing n...

How Is Military and Defense Sector Boosting Underwater Robotics Market Growth?

Categories under the type segment of the underwater robotics market include autonomous underwater vehicle (AUV) and remotely operated vehicle (ROV). Of these, the ROV category is expected to exhibit the faster growth during the forecast period, due to the burgeoning demand for ROVs in the deep-sea oil drilling industry. Further, the AUV category will also register considerable growth in the forecast years, primarily on account of the surging deployment of such robots for detecting submerged wrecks and obstructions in the defense sector. The application segment of the underwater robotics market is classified into scientific research, defense and security, and commercial exploration. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/underwater-robotics-market/report-sample Among these, the defense and security category holds a substantial market share, due to the surging deployment of AUVs in the defense and security sector. For example, in 2019, Gener...

Surging Automobile Sales Propelling Worldwide Demand for Temperature Sensors

The demand for resistance temperature detectors (RTDs) was found to be the highest in the world in 2019. This was because of the fact that these devices are highly stable, linear, and accurate. In addition to this, these devices can be easily customized and are thus, being extensively used in various consumer electronics applications. Depending on vertical, the temperature sensor market is categorized into automotive & aerospace, petrochemical and oil & gas, food & beverage, utilities, consumer electronics, pharmaceuticals, and industrial. Out of these, the automotive & aerospace category dominated the market in 2019, mainly because of the enactment of strict government policies that mandated the incorporation of temperature sensors in vehicles. This was done to increase the fuel efficiency of automobiles, which was needed to mitigate the soaring air pollution levels and greenhouse gas (GHG) emissions from vehicles. Get the Sample Copy of this Report @ https://www.psmar...

How Is IoT Technology Creating Need for Security Solutions in BFSI Sector?

The security type segment of the BFSI security market is divided into physical security and information security. Under this segment, the physical security category generated the higher revenue in 2019. Whereas, the information security category is projected to register the faster growth during the forecast period. The information security category is further classified into identity and access management, risk and compliance management, unified threat management, data loss prevention, encryption, and antivirus. Among these, the encryption category held the largest share in 2019, due to the increasing fraudulent activities in the payment area, owing to the surging volume of electronic payments. According to P&S Intelligence, North America has emerged as the largest consumer of BFSI security solutions in the recent past and it is expected to maintain the lead in the coming years.  Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/bfsi-security...

Industry 4.0 Revolution To Drive 6.9% CAGR in Photonics Market During 2020–2030

The soaring demand for the adoption of smart sensors, internet of things (IoT), and automation in the manufacturing industry, on account of the Industry 4.0 revolution, is also driving the expansion of the market. Innovations and advancements in Industry 4.0 depend heavily on developments in sensor and laser technologies and optical fibers. Moreover, as these fibers and advanced sensor and laser technologies are extensively used in smart factories, the growing demand for smart manufacturing is massively propelling the sales of photonics products. Depending on application, the photonics market is categorized into production technology, measurement & image processing, medical technology & life science, communication, lighting, information technology (IT), photovoltaic (PV), and display. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/photonics-market/report-sample   Out of these, the lighting category is predicted to demonstrate the highe...

Building Automation Systems Fueling Green Technology Use to Ensure Sustainability

Apart from AI, the internet of things (IoT) technology is also being adopted in smart energy solutions and grids, smart cities, smart homes and buildings, smart mobility and transportation systems, and smart factories and manufacturing facilities to reduce energy wastage and collect energy data. The increasing utilization of IoT can be credited to the soaring environmental and health concerns being raised, owing to the mounting carbon emissions. Moreover, cloud computing, digital twin, and blockchain technologies are also being used in the aforementioned application areas to ensure sustainability. Currently, the green technology providers are focusing on securing client deals to strengthen their customer base. For example, in January 2020, Xylem Inc. secured a contract with Tacoma Public Utilities for its Sensus solution, for an advanced metering infrastructure (AMI) plan. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/green-technology-and-susta...

How Is Oil And Gas Sector Supporting Metering Pump Market Growth?

In addition, the growing chemical industry will also supplement the metering pump market growth in the foreseeable future. The advantages of metering pumps such as high energy efficiency, excellent resistance to corrosive chemicals, long service life, and low maintenance costs have resulted in the widescale adoption of these devices in chemical manufacturing facilities. The expansion of the chemical sector in China, the U.S., and Europe is positively impacting the market growth. Depending on type, the metering pump market is divided into diaphragm and piston. Of these, the diaphragm category witnessed the faster growth till 2019, and this trend is expected to continue throughout the forecast period. This can be attributed to the ability of diaphragms to handle flammable, corrosive, and abrasive liquids and pump highly viscous liquids. Moreover, the energy efficiency and low operational costs of diaphragm pumps also contribute to the growth of this category. On account of these factors...

Digital Signature Market To Generate $25,211.3 Million Revenue in 2030

The surging requirement for smooth digital transaction management and user identity authentication will aid the digital signature market to advance at 29.2% CAGR during the forecast period (2021–2030). According to P&S Intelligence, the market revenue is expected to grow from $1,858.3 million in 2020 to $25,211.3 million by 2030.   Moreover, the increasing digitization and rising acceptance of online channels for payments and other applications will also augment the market growth in the foreseeable future. Digital signatures are being increasingly used for filing banking, corporate communication, legal and advisory, marketing, and insurance forms as they assist in reducing the time taken for completing such tasks. Additionally, a one-time scanned and digitized signature can be used multiple times for insurance and banking procedures.   Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/digital-signature-market/report-sample The surging u...