The global location-based services market is set to attain significant revenue in the forthcoming years. Rise in business applications and penetration of mobile devices are projected to drive the market. Location-based service or LBS provides access to data for the purpose of business, gathering information, and entertainment. Increasing adoption by sectors such as government and defense, healthcare, media and entertainment, and transportation is anticipated to further fuel demand.
The global unmanned aerial vehicle market size is poised to witness significant surge in terms of revenue during the forecast period of 2018 to 2025. UAV, sometimes referred to as drones, function without a human pilot aboard. They are often deployed in missions that are dangerous for manned operations. These devices are increasingly becoming an important component of modern warfare. Their operation can be either remote controlled, semi-autonomous, or fully autonomous.
The global e-learning market is anticipated to display notable growth in the coming years owing to recent developments in information technology and online education. With rapid digitization across the world, digital tools and platforms such as e-learning have been offering personalized and customized learning experiences. Increasing demand for e-learning, particularly in the early years of a child, has led numerous institutions to progressively transform traditional classrooms to technologically advanced digital class rooms, with a combination of software and hardware solutions.
The global Audio Video (AV) market is driven by the rising demand for advanced AV experience. Continuous efforts from manufacturing companies across the globe to introduce innovative AV products is also likely to boost the market growth in the forthcoming years. In addition, rising demand for various sources of entertainment is projected to contribute to the sales of AV products. Other factors that are expected to propel the market development include latest trends and R&D activities by manufacturing companies. Alexa skills, earcons, audio renaissance, and acoustic-based NFC are some of the latest trends in the global market.
The global blockchain market is estimated to witness a strong growth over the forecast period (from 2017 to 2025) on account of rising need for fast, secure, and efficient management of data and financial transactions. Increasing cases of bank frauds and continual R&D activities to explore potential of blockchain technology can also propel its adoption among various sectors, thereby boosting the market development in the coming years. Blockchain is a database, or distributed ledger, shared across private or public computing network.
The global construction software market is anticipated to witness significant growth over the forecast period on account of growing need for accurate cost estimation solutions for construction designs and projects. These software offer unique features allowing builders to perform complex calculations quickly and efficiently. In addition, they can create building designs in 2D and 3D formats. Increasing number of construction companies globally is also likely to fuel the demand for advanced tools, thereby augmenting market expansion.
The global cryptocurrency market is estimated to grow over the forecast period. Cryptocurrency or digital currency is a decentralized system operating on the blockchain technology. Blockchain is a database or distributed ledger shared across public or private computer network. Information stored in the ledger is encrypted and added as fresh block to the chain of historical records. Ease of transferring funds among two parties without any regulatory authorities like bank or financial service company is likely to fuel the demand for cryptocurrency in the coming years.
The global big data market is anticipated to expand at a rapid pace over the forecast period (2017 to 2025) owing to the technology’s ability to effectively manage large amounts of data while reducing overall costs. Increased number of Internet users, popularity of social media, and ability to easily share unlimited information over these platforms has resulted in generation of large amounts of data on a daily basis, which is projected to augment demand for big data solutions over the coming years.
China food robotics market size was valued at USD 109.4 million in 2016 and is expected to grow further over the forecast period. Increasing labor costs have paved the way for automation of manufacturing, processing, and packaging activities in the food sector in the region. Developments in automation technologies have resulted in cost effective and high-quality production with increased capacity. This is also anticipated to augment the market growth.
The U.S. electronic design automation (EDA) software market was valued at USD 2.76 billion in 2017 and is expected to grow at a lucrative growth during the forecast period from 2018 to 2025 The growth is primarily driven by the rising number of players integrating smart devices such as smartphones, telemetry devices, electrocardiogram, wireless communication equipment, automotive body electronics and other devices with system-on-chip (SoC) technology.
The India automotive radar market size was valued at USD 37.3 million in 2016. Growing number of accidents, rising need for vehicle safety, and increasing sales of premium cars are the key factors driving growth. Growing popularity of advanced driver assistance systems in India is expected to propel the market over the forecast period.
U.S. valve market was valued at USD 32.04 billion in the year 2017 and is expected to grow over the forecast period owing to growing demand from oil & gas industry. It is the most common and indispensable device of our current technology that controls the flow of a fluid. Rising need of automation from manufacturing and processing industries is driving the demand for predictive monitoring and maintenance.These devices play an important role in manufacturing process, linking directly with industrial production and manufacturing process.
The U.S. air purification equipment market was valued at USD 7.52 billion in 2017 and is expected to grow at a lucrative rate on account of increasing awareness regarding health hazards such as asthma, chronic obstructive pulmonary disease (COPD), and other lung diseases. The demand for this equipment is anticipated to increase over the study period on account of increasing number of patient diagnosed with allergic reactions.
In 2017, the U.S. bridge crane market was estimated to be USD 1.21 billion and is expected to grow over the forecast period. Bridge cranes are widely used for the displacement of heavy loads and are usually deployed in warehouse and manufacturing unit. The lifting component run parallel on the hoist and is directed manually, with wired controlled remote and/ or wireless remote. These are deployed in factory or warehouse premises for loading, off-loading, and handling of heavy materials.
The global Commercial telematics market size was estimated to be worth USD 17.54 billion in 2016
The global mobile satellite services market size is expected to reach USD 5.53 billion by 2024. The growing demand for communication devices which provide services such as sending and receiving data from any remote location is the key factor that has been driving the market.
The global advertising market has been on a consistent rise over the recent past, driven by a surge in marketing channels such as TV, radio, billboards, Internet, newspapers, mobile phones, and social networking sites. The primary use of advertising is to make customers aware of the presence of a specific product or service in the market. Advertising can be on a domestic as well as global scale. A number of leading companies have been promoting their products and services on an international level, the benefits of which can be reaped on a domestic scale.
The global military radar systems market size was estimated at USD 11.45 billion in 2016 and is anticipated to witness growth.
The global home automation market size was USD 17.48 billion in 2016 and is expected to grow over the forecast period. The market is being primarily driven by increasing awareness for less energy consumption, the rise in electricity prices, and advancement in technology.
The global software defined data center market size was valued at USD 26.33 billion in 2016 and is expected to grow owing to its benefits such as advances in networking capability, reduction in storage cost, virtualization and high flexibility.
The global automotive infotainment market size was valued at USD 15.93 billion in the 2016 and is expected to register robust growth owing to factors such as a rise in the sales of integrated infotainment services including smartphone connection on demand music.
The global automotive suspension market size was valued at USD 74.22 billion in 2016 and is expected to show lucrative growth over the forecast period driven primarily by growth of automobile industry.
The global E-book market size was valued at USD 15.71 billion in 2016 and is expected to witness significant growth on account of increasing digitalization of educational books and other genres of novels.
The global architectural services market is expected to grow at a considerable rate over the forecast period. Increasing trend of service outsourcing across various industry verticals is expected to drive the industry growth. Contractors rely on the government regulations, which help them deliver the right design to the right person at the right time. Thus, favorable government policies and focus on the sustainable development of the environment and urban designs are likely to fuel the market expansion.
The global Ethernet cables market size is expected to reach USD 1.42 billion in 2024. The growing demand for high-speed internet connectivity on account increasing implementation of automation across industries is expected to fuel the market over the forecast period.
The global library management software market was valued at USD 2.15 billion in 2016 and is anticipated to grow on account of increasing automation of the library functions which benefits convenient informational resources for management.
The global cloud security market size was estimated at 1.41 billion in 2016 and is expected to grow on account of increasing adoption of security solutions in large as well as small enterprises to protect data from illegal hackers.
The global automotive brake system market is primarily fueled by soaring demand for automobiles. This demand has been greatly spurred by global population explosion, better standards of living, rise of the middle class, and easier finance options. Mass production techniques used by automobile manufacturers and lower manufacturing cost has also boosted the production of passenger cars.
The global baby monitor market size was estimated at USD 929.4 million in 2016 and is expected to grow on account of increasing purchase of infant products by the increasing number of working parents.
An advanced method applied towards computer safety and protection that makes an effort to unite the endpoint security technology, user or system authentication as well as network security enforcement is termed as Network Access Control (NAC). It is basically a computer networking solution that employs an array of protocols.
Enlargement of numerous rocket launchers market will be a key trend for market growth. Changes in modern warfare tactics command the development of rocket systems that display the ability of launchaning dissimilar kind of missiles with admiration to caliber and range.
An information technology practice that basically manages the work related to organization, formatting, execution and distribution of data is called enterprise output management. The data utilized is said to be derived from enterprise/desktop application to any physical output media.
The increasing use of internet network all over the world coupled with advancements in this network such as 3G and 4G are the major factors driving the global mobile wallet market. Mobile wallet, also termed as electronic wallet, provides the reliability to the consumers to make payments and purchases electronically. Generally, mobile wallets provide the storage of credentials through cloud or on device, which can be later used to make payments.
The Near Field Communication (NFC) market is estimated to observe rapid increase across several application verticals over the forecasted period. The Near Field Communication (NFC) is a short-range wireless technology that allows to communicate between two or more devices on contact or when they are temporarily held together.
The global LED driver market is expected to be primarily driven by surging demand for LED lighting in households for more efficient energy consumption. Light Emitting Diode lighting is increasingly being used for various lighting applications which is driving its growth.
Increasing mining activities globally is estimated to drive the surface mining equipment market over the forecast period.
The size of the global connected cars market was estimated at over USD 24 billion in 2014 and is expected to grow at a CAGR of approximately 28% in the forecast period.
Global 3D scanning market size is expected to attain USD 4,900.7 million by 2020, growing at a CAGR of over 13% from 2014 to 2020. Rapid and accurate results along with high efficiency are expected to elevate 3D scanning market.
Global air traffic control equipment market size is anticipated to reach USD 4,000 million by 2020, growing at 4.2% up to 2020.
Global electric water heaters market size is anticipated to reach USD 29 billion by 2022, growing at 7.4% over the forecast period.
Global Non Destructive Testing (NDT) equipment market size is expected to attain USD 5.70 billion by 2022, growing at a CAGR of over 5% from 2014 to 2022. Application of this equipment for quality control as well as inspection is likely to witness significant growth.
Global Aerial Work Platform (AWP) truck market size is expected to attain USD 8000.0 million in 2022, growing at a CAGR of over 18% from 2015 to 2022.
Wearable electronic devices are integrated with highly developed electronic technologies attached or worn to the human body allowing mobile computing and wireless networking. They work simultaneously with human actions and are connected to smart applications in a network. This technology has possible for growth as it makes daily tasks easier and enhances customer experience.
A password is string of characters which allows user to access a system or computer. They provide line of security from unauthorized users and hackers. Password manager is software which enables users to manage and organize their passwords. Increasing requirement of password management by organizations and individuals is expected to drive the market growth. With the help of password manager the companies can manage and organize the passwords whenever they reset the passwords. Stringent rules and growing number of complex systems for changing and creating passwords is expected to boost the demand for password management among organizations.
The unified communication market is expected to witness substantial growth owing to increasing mobile workforce, mounting adoption of bring your own devices (BYOD) and emergence of unified communication as a service on a global level. Unified communication includes packing of non-real time communication (fax, voicemail, e-mail and SMS) services with real-time (video conferencing, call control, speech recognition, data sharing, voice and IP telephony, and instant messaging) services. It facilitates in optimizing production methods by reducing media dependency, latency and enables faster completion and information delivery. Increased penetration of mobile devices is expected to drive unified communication market growth.
Software applications carry back-office activities which maintain client services. OSS is usually utilized by service designers, engineering teams, service providers, network planners, architects. At the beginning, OSS were individual, mainframe-based systems planned for the constructive manual processes implicated in a telephone network's operation.