Market Research News Federation Board

Categories under the end user segment of the HVAC market include residential, commercial, and industrial. In the forecast years, the commercial category will account for the largest market share, due to the surging number of hospitals and offices, expanding hospitality industry, surging tourist activities, and upcoming sports events, such as FIFA World Cup 2022 in Qatar. This category is further categorized into healthcare, hospitality, office and buildings, government, supermarkets/hypermarkets, transportation, and others, such as educational institutions, stadiums, banks, data centers, convenience stores, and departmental stores. In recent years, players of the HVAC market players have made hefty investments in research and development (R&D) activities to develop advanced products and engaged in facility expansions to gain a competitive edge. For instance, in December 2019, Johnson Control International PLC added 22,000 square feet of space to its air handling unit in the manufac...

According to P&S Intelligence, the North American region was the largest user of drone analytics solutions in the recent past. This was due to the escalating demand for improved inspection and surveillance through drones, increasing integration of state-of-the-art technologies, such as machine learning (ML), the internet of things (IoT), and computer vision, in the drone software, and surging need for solutions to take immediate actions during unfavorable incidents in the agriculture, energy and utilities, and oil and gas industries in the region. Whereas, the APAC drone analytics market is expected to display the fastest growth throughout the forecast period, owing to the soaring number of start-ups, rising number of government policies encouraging the usage of drones for non-military purposes, and mounting focus of the agrarian community on the usage of drones on farmlands in the region. Additionally, the widening growth opportunities in India, Australia, China, Singapore, Japan...

Due to the burgeoning population, the demand for electricity is increasing. This is leading to the high-volume extraction of coal, gas, and oil, which continue to be the key sources utilized to produce energy. As a result, people will soon run out of them, which is why the production of energy from renewable sources has already reached a substantial level. Moreover, the fact that fossil fuels release greenhouse gases (GHGs) when burned has also propelled the production of renewable energy. This is a key reason P&S Intelligence sees bright prospects for the energy harvesting system market in the coming years. Energy harvesting refers to creating electricity from the various kinds of energies available in the environment. For instance, with advancements in technologies, electricity can be produced from vibrations. Known as piezoelectric, this technology is being increasingly used in wearable devices, such as smartwatches, pedometers, and heart rate sensors. These devices use the mot...

The global online fitness service market is growing rapidly, on account of various factors, such as the ballooning use of smart devices, such as smartphones, smart TVs, and smartwatches, increasing penetration of the internet, especially in developing countries, and rising public awareness about the importance of health and fitness. As per the forecast of the market research organization, P&S Intelligence, the market will demonstrate rapid expansion during 2021–2030 (forecast period). According to Our World in Data, India, China, and the U.S. are home to 391 million, 765 million, and 245 million internet users, respectively. Further, as per the World Bank, nearly 57.0% of the worldwide population had access to the internet in 2019.  With the increasing penetration of the internet, people are able to easily use various connected fitness devices for measuring several health parameters, such as heart rate and calories burnt, and achieve their health and fitness goals. Moreover, si...

The radiofrequency (RF) transceiver market revenue is expected to decline from $3,892.1 million in 2019 to $3,384.5 million by 2030, because of the falling costs of RF transceivers, due to rise in economies of scale. Moreover, the surging adoption of mobile communication technologies, such as 5G and 4G, burgeoning demand for mobile devices, and increasing adoption of internet of things (IoT) technology will help the market exhibit a CAGR of 0.8% during the forecast period (2020–2030). Currently, the booming demand for wideband transceivers, on account of the rapid technological advancements and escalating demand for seamless, reliable, and secure communication, is becoming a key market trend. The mounting demand for mobile devices in developed and developing countries, owing to the surging need to stay connected and increasing internet penetration, is a prominent growth driver of the market. The International Telecommunication Union’s (ITU) World Telecommunication Database reveals that...

The global population is set to rise to 9.7 billion by 2050 from around 7.7 billion in 2019, as per the United Nations (UN) World Population Prospects report. This is already visible everywhere, in the chaos caused on the roads every day due to more people and vehicles than they can handle. Another place this population growth can be commonly seen is shops and large stores, in the form of long, serpentine queues for checkout. Mostly, the number of cashiers is grossly low compared to the number of people who shop every day. This is to be a key enabler of the growth of the mobile point-of-sale (mPoS) terminals market size from $19.5 billion in 2019 at a 17.9% CAGR between 2020 and 2030, as per P&S Intelligence. Quick service is one of the key influencers of the customer experience, and at most places manned by humans, the service is quite slow. As per research studies, on average, people spend up to 7 minutes every week, or up to 18 hours every year, in queues, which leads to the los...

Factors such as the surging usage of artificial intelligence (AI) and machine learning (ML) for minimizing fraudulent activities, increasing need to protect the online banking and insurance sectors, and rising frequency of phone scamming against the geriatric population are expected to drive the growth of the fraud detection and prevention market at a CAGR of 15.1% during the foreseeable period (2019–2024). According to P&S Intelligence, the market size is projected to reach $47,903.1 million by 2024 from $20,614.4 million in 2018. Moreover, the market is witnessing a trend of surging usage of the hybrid analytical approach. The surging concern about mobile frauds is one of the main factors boosting the fraud detection and prevention market growth.  The number of online transactions through mobile devices is surpassing that of transactions through desktop devices across the world. This leads to the rise in cases of fraudulent activities. For instance, around 30% of all the vul...