The global market for consumer drone is expected to witness growth in the future on account of its use in the agricultural sector and the law enforcement sector.
Increasing demand for accurate forecasting in business activities is the key driver for predictive analytics market. Predictive analytics is the activity of data mining which deals with extracting important data from given database, used to analyse the trends and behaviour patterns to predict the future.
Increasing usage of home energy and use of renewable energy has made the manufacturers to realize the requirement for optimum energy management systems. The main need to conserve and optimize energy utilization is estimated to boost the home energy management systems market. Home energy management systems are devices
The LiDAR technology market is anticipated as growing market with the increasing requirement for 3-dimension imagery in various end-use segments. Noticeable drop in prices of LiDAR is also expected to spur the market growth.
Increasing demand of efficient building management system through various mobile devices is expected to drive the intelligent building automation system (BAS) market in coming five years.
Machining tools and systems have undergone significant increase in recent period. Increasing technological advancement coupled with research and development actions has forced to growth of smart machines. Smart machines are systems or devices that use machine to machine (M2M) technology, which allow them to make choices or solve problems without human intervention. These systems hold the capability of performing cyclic tasks at high accuracy and high speeds.
Increasing concern to reduce the energy consumption is expected to favor the smart homes market. Rising demand for light emitting diodes is expected to drive the market over the forecast period. Expansion of smart lighting technology in smart cities is further anticipated to boost the market growth over the next six years.
Intelligent Transportation System (ITS) market is expected to witness substantial growth over the forecast period. This can be attributed to its ability to enhance performance, reduce accidents, optimize fuel consumption and enable multimodal transport through integration of Information and Communications Technology (ICT). Increasing adoption of ITS to improve safety and reduce road accidents is also expected to significantly drive the intelligent transportation system market. Growing population and rise in number of vehicles has driven the need for effective traffic management. Standardization and interoperability issues may hinder intelligent transportation system market growth over the forecast period.
Software Defined Networking (SDN) involves the division of the control plane and forwarding plane within a network. This becomes useful for efficient data flow control, and offers network administrator with a software-oriented approach to administer the network. As compared to SDN which provides a centralized controller, in conventional network architectures, each network device requires to be configured individually.
Increasing awareness of advantages obtained by BYOD implementation in an organization is expected to expel the market growth. BYOD concept refers to the connection of personal devices such as smartphones, tablets and PCs to an enterprise’s network, which benefits to several financial, operational and organizational activities. Well deployed BYOD benefits in job satisfaction are leading towards overall business benefits.
High definition has been a major trend in smart devices and offers users a better viewing experience. In the past few years resolution and screen size have changed extremely due to technological development. Change from standard to high definition screen is expected to drive the market growth over the forecast period.This rising trend of high resolution screen displays has led to the advancement of Ultra High Definition televisions also known as 4K televisions.
Minimum wastage of raw material in 3D printing technology is a factor driving the 3D printing market. 3D printing technology enables the physical production of object which was earlier manufactured by traditional method 3D printing technology is emerged as a process of prototyping the object to make actual usable parts and products.