Telematics Market Size, Share, Growth Rate, Trends, Analysis, Future Scope, Forecast To 2023

 Overview

Technology advancement in every industry sector has transformed the functionalities of a machine to the next level. The driving factor of emerging digital technology has make communication with machines possible and is further boosting its growth in coming years. Artificial intelligence is one of the fastest growing technology in this area which is developing its roots in transportation, automation, construction and industrial applications. Artificial intelligence with support of machine learning is one of the major driving force behind emergence of self-driving and connected cars in the automotive segment. Image recognition, telematics, and GPS and GNSS are some of the features engrossed with self-driving cars. Many major companies such as Harman, Samsung, LG and AT&T are investing in developing innovative telematics solution for their customers.

The major growth driver of Telematics Market includes rising demand for high-Telematics, increasing adoption of renewable energy sources such as electric vehicles, and growing ICT and telecommunication sector among others. However, high initial cost and time consuming manufacturing process are the major factors which are hindering the growth of Telematics Market 

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Industry News

January 2018 – Samsung has announced to launch telematics control unit (TCU) which is also known as 5G ready automotive solution. This product has manufactured with collaboration with Harman technologies. The TCU has been built to work with 4G network though can also connected over 5G network in the coming years.

December 2017 – LG Corporation partnership with HERE, provider of mapping data and related services in order to expand its electronic business. Under this partnership, LG is working with HERE to integrate telematics in its products to serve driving vehicle applications.

December 2017 – Zurich Insurance Group acquired Bright Box HK Ltd., a specialist of telematics and connected car technologies. This is a strategic move of Zurich Insurance Group to serve their customers with fast changing automotive solutions.

Competitive Analysis

Telematics market appears to be competitive in the coming years owning to the presence of numerous large players active in regional market. Verizon Communication Inc., Harman International Industries Inc., Tom-Tom International BV, and AT&T are some of the companies leading the Telematics market globally. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.

Segmentation

The Telematics Market can be classified into 4 key segments as follows:

Segmentation by Technology: embedded, portable and hybrid among others.

Segmentation by Services: navigation, diagnostic, on-demand infotainment and maintenance and security among others.

Segmentation by Application: commercial, automotive, IT, insurance, telecommunication, healthcare and government among others.

Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World. 

Regional Analysis

The global Telematics (BIM) market is estimated to grow at a promising rate in upcoming years. North America has witnessed to dominate the market due to presence of established automotive industry and growing telecommunication sector in the region. Also, high demand for premium cars with advanced safety and comfort features has driven high growth in telematics market of North America region. Followed by Europe which is the leading region for automotive manufacturing and is increasing deployment of advanced telematics features in the end product. Asia-Pacific is expected to be the fastest growing region due to increasing initiatives by government and offering funding for electric vehicle manufacturers and increasing adoption of electric vehicle by consumers.

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Smart Home Market Outlook, Strategies, Industry Analysis, Future Scope, Key Drivers Forecast To 2023

 Smart Home Market Research Report, by Component (Software, Service), Application (Lighting Control, Security Control, HVAC Control, Home Healthcare, Smart Kitchen Home Appliances), Technology (networks, protocols, wireless) — Global Forecast till 2023

Market Scope

The smart home market 2020 can possibly attain a tremendous valuation of USD 137.96 Billion by 2023, projects Market Research Future (MRFR). It also estimated that the market can advance at a rate of 14% between 2018 and 2023 (forecast timeframe).

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Top Drivers and Key Barriers

With the alarming surge in climate change, instability in electricity prices and the rising adoption of cloud-based technologies along with IoT are some of the top growth inducers in the smart home market. All across the globe, the need to tackle security issues has mounted significantly in recent years, fueling the need for smart home market.

Furthermore, the emergence of the latest wireless technologies like security and access regulators, HVAC Controller, and entertainment controls has foster considerable market expansion. With the rapid advancements in Internet of Things (IoT) that has led to price drops of processors and sensors, more and more manufacturers are now offering automation in homes, which also works in favor of the worldwide market.

Well-known companies such as ABB Ltd. And Honeywell International Ltd. are highly focused on developing automated home solutions, which helps expanding their customer base in the market. Most of the companies are also adopting marketing hacks like mergers and acquisitions to design advanced solutions for homes. For facilitating advancements and innovations in smart homes advanced technologies, the Internet of Things and artificial intelligence  are being increasingly implemented. For instance, in April 2019, Honeywell International Ltd. carried out a merger with Intel Corporation to come up an innovative security platform for home solutions. This advanced platform is strongly supported by artificial intelligence, which has helped both the parties gain high favor among their customers.

Smart Home Industry Trends

Faster Adoption of Live TV

A prominent smartphone trend gaining speed in the smart home space is the rapid adoption of live video streaming and internet TV services, which include Netflix and Amazon Prime videos. Given the fast speed of internet and a faster broadband used in homes, Android TVs, streaming service and internet TVs platforms have managed to create a significant niche among a vast population across the world. These live streaming TVs are particularly favored by users as they are able to view their favorite shows anytime they want and that too, anywhere.

Market Segmentation

Component, application and technology are the primary segments based on which the research on the smart home market has been conducted in the report.

With respect to component, the market segments specified in the report are software as well as services. The software segment has been narrowed down into proactive and behavioral, while the service segment has been considered for managed as well as professional service.

The application areas are security & access control, lighting control, entertainment & other control, HVAC control, smart kitchen and home appliances and home healthcare.

The technologies studied in the report are protocols, networks and wireless. The types of networks highlighted are GSM/HSPA networks, CDMA networks and LTE networks. The protocol-wise segments are KNX, Digital Addressable Lighting Interface (DALI), Ethernet, Digital Multiplexer (DMX), and others. Wireless segment covers z-wave, Zigbee, Bluetooth, Wi-Fi, and others.

Regional Outlook

The report geographically distributes the smart home market into Europe, North America, Asia Pacific (APAC), and the rest of the world (RoW).

North America is on its way to take the lead in the global market, backed by factors like the high concentration of renowned companies like Crestron, Amx, Control4 Corporation and Honeywell International Ltd., among others. The regional market growth is also warranted by the high adoption rate of core communication technologies such as NFC, Bluetooth, Zigbee, Wi-Fi, and upcoming 5G network.

APAC, with the fastest expansion rate, is all set to establish its presence among the strongest regions in the global market. The smart home market is a big hit in the region, mostly because of the rapidly surge in urbanization and the soaring adoption rate of cloud technologies. The swiftly increasing awareness about security and safety, rising standard of living, and the growing government investments in smart city projects are all responsible for the market progression in the region. The region is also hailed for its fast adoption of green building policies. These eco-friendly initiatives are expected to create attractive opportunities for the smart home industry in the region. These will also boost the deployment of energy management smart devices such as smart meters, smart plugs and thermostats, giving further push to the market growth in the approaching years.

Leading Participants

Johnson Controls, Inc. (U.S.), Samsung Electronics Co., Ltd. (South Korea), Legrand S.A. (France), Schneider Electric (France), Ingersoll-Rand PLC (Ireland), General Electric Company (U.S.), Honeywell International Inc. (U.S.), ABB Ltd. (Switzerland), Siemens AG (Germany), United Technologies Corporation (U.S.), are the leading participants in the market.

Some other market vendors include Leviton Manufacturing Company, Inc. (U.S.), Acuity Brands, Inc. (U.S.), Lutron Electronics Co. Inc. (U.S.), to mention a few.

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Web Scraper Software Market Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2026

 Market Overview

Global Web Scraper Software Market generated a revenue of USD 402.84 Million in 2019 and is projected to reach a market value of USD 948.60 Million by 2026, growing at a 13.1% CAGR.

The global web scraper software market is expected to witness substantial growth during the forecast period, primarily due to the growing demand from the e-commerce sector. Furthermore, many small and medium-size companies are looking to outsource their lead generation requirements, which is expected to create a lucrative opportunity for the players in the global web scraping software market.

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Segmental Analysis

Global Web Scraper Software Market has been segmented based on Type, Vertical, and Region.

By type, the market has been segmented into general-purpose web crawlers, focused web crawlers, incremental web crawlers, and deep web crawler.

Based on vertical, the market is segmented into retail & e-commerce, advertising & media, real estate, finance, automotive, and others (research, law, and tourism). The retail and e-commerce segment accounted for the largest market share of 23.4% in 2019, with a market value of USD 94.2 million; it is expected to register the highest CAGR of 14.0% during the study period. The advertising and media segment reported the second-largest market in 2019, valued at USD 83.7 million; it is projected to exhibit a CAGR of 13.0%.

Competitive Analysis

The key players of the global web scraper software market are Phantom Buster (France), PilotFish, Inc. (US), Mozenda, Inc. (US), Diggernaut, LLC. (US), Hangzhou Duosuan Technology Co., Ltd. (China), SysNucleus (India), ParseHub (Canada), Octopus Data Inc. (US), UiPath (US), Newprosoft (US), Import.io (US), Diffbot Technologies Corp. (US), Apify (Czech Republic), Sequentum (US), Dexi ApS (UK), and Datopian (UK).

Regional Analysis

The geographic analysis of the web scraper software market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

North America is the largest market in terms of market share in the global web scraper software market. The US is the biggest market with a share of 82.65% for web scraper software, mainly due to the presence of large enterprises in the country that utilize web scraper software to transform web information into actionable data as it offers high-quality structured data to improve business outcomes and enable intelligent decision making.

For analysis, Europe is the second-largest regional market for web scraper software and comprises countries such as Germany, the UK, France, Italy, Russia, and the rest of Europe. Driving factors include a surge in the application of web scraper software from German enterprises, and among others.

For analysis, Asia-Pacific is the third-largest market comprising China, India, Japan, South East Asia, South Korea, and the rest of Asia-Pacific. Of these, China accounted for the largest share in the regional market, followed by India and Japan, owing to the increasing number of firms adopting this technology.

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Electrical & Electronic Computer-Aided Design (ECAD) Market Research Report - Global Forecast till 2026

 Market Overview

Global ECAD Market is estimated to grow at a CAGR of 8.5% during the forecast period (2020-2026).

Electrical computer-aided design (ECAD) is big business, and the market is driven by the increasing use of cloud-based ECAD solutions and increasing demand for electronic design automation. According to the MRFR analysis, Cadence Design System Inc. occupied the first position in the ECAD market. The company has a stronghold over nearly all the major markets, including North America and Europe. The company concentrates on continuous research & development, which helps the company to have a competitive edge over other key players operating in the market. The company has a comprehensive product portfolio and a strong customer base.

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Segmental Analysis

The Global ECAD Market has been segmented based on component, industry type, application, vertical, and region.

Based on component, the global computer-aided design (ECAD) market has been segmented into software and services. The software segment accounted for the larger market share in 2019, and it is expected to register a CAGR of 7.8% during the forecast period. The services segment was the second-largest market in 2019.         

The global electrical computer-aided design (ECAD) market, by industry type, has been divided into the process industry and discrete industry. The discrete industry segment accounted for the largest market share, and it is expected to register the highest CAGR during the forecast period.

By application, the market has been segmented into industrial machine controls, rail signaling, plant design, mining equipment control, switchgear design, water treatment and distribution system control, and others. The industrial machine controls segment is expected to dominate the market during the forecast period.

The verticals studied for the market research report are automotive, aerospace & defense, construction, equipment and machinery, railway, power generation and energy, oil & gas, food & beverage, and others. The automotive segment is anticipated to lead the global electrical computer-aided design (ECAD) market over the forecast period.

Competitive Analysis

The key players of the global ECAD market include Zuken (Japan), Aucotec AG (Germany), WSCAD (Germany), MENTOR GRAPHICS (US), Autodesk Inc. (US), Sienna Ecad Technologies (India), Dassault Systèmes SE (France), TRIMBLE INC. (US), Hexagon AB (Sweden), IGE+XAO Group (France), Siemens AG (Germany), Eplan Software & Service Gmbh & Co. KG (Germany), Bentley Systems, Inc.(US), ALPI International Software SA (France), and Cadence Design System Inc. (US).

Regional Analysis

The geographic analysis of the Global ECAD Market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

North America is expected to be the largest market for ECAD solutions during the forecast period. North America has been segmented into three countries, namely the US, Canada, and Mexico.

The US is the leading market in North America, accounting for a significant market share. The electrical computer-aided design (ECAD) market in the US is expected to grow significantly, owing to the presence of major players. The market growth in the country can be attributed to the increasing urbanization, advances in digital technology, higher disposable incomes, and the high demand for advanced manufacturing robotic technologies. In addition to it, favorable government policies to help factory automation are contributing to the growth of the global market. Adding to it, the market growth is driven by the increased demand for intelligent and automated manufacturing systems and the rising focus on digitization of oil fields to adopt industry 4.0.

Europe is projected to hold the second spot (in terms of market share) in the overall market during the forecast period. Europe is segmented into the UK, Germany, France, and the rest of Europe. The market growth is attributed mainly to advancements in cloud-based ECAD tools and services. The main factors contributing to the growth of the electronic computer-aided design (ECAD) market in Europe are the low cost of adoption and greater storage capabilities of cloud-based solutions and services. The collaboration of major players with small start-ups for the development of computer-aided design tools is boosting the market growth.

The market in the Asia-Pacific region is expected to register the highest CAGR during the forecast period. The market growth is attributable to the need for on-the-go graphic designing via mobile apps for smart factories and industrial manufacturing. Moreover, the automotive markets in South Korea, Japan, and China are growing rapidly and contribute nearly 30% of the overall market. The rising development of electric vehicles and their testing has also resulted in the growth of the electrical computer-aided design (ECAD) market.

In the Middle East & Africa, the country of Saudi Arabia holds the major oil fields, and the industry is increasingly adopting industrial automation equipment. The country offers opportunities for the metal, mining, and material industries to increase their production and efficiency. The demand for ECAD software is also driven by the high cost of labor, encouraging the companies to adopt industrial automation.

The South American region is witnessing an increase in investments and government initiatives to support advances in technology. In this regard, the developments in the manufacturing and industrial sectors in the region are anticipated to be the key driver for the ECAD market during the forecast period. Brazil is an emerging economy in South America. The growth of the ECAD market in Brazil is attributed to the developments in machine learning and computer vision technologies for manufacturing processes. Brazil exhibits a strong demand for software for mining, drilling automation, and oil extraction applications.

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Independent Software Vendors (ISVs) Market Outlook and Future Scope Analysis Forecast To 2026

 Global Independent Software Vendors (ISVs) Market Research Report: Information By Type (Cloud and On-Premise), Application (e-Commerce, Logistics, Retail, Healthcare, Financial, Education and Others) - Forecast to 2026

Market Highlights

Advances in digital infrastructure and rapidly changing consumer behavior are some of the areas on which businesses are likely to focus on improving customer experience. The government and commercial sectors covering retail, banking, financial services, and insurance (BFSI), IT & telecom, healthcare, and automotive need web applications to be actively accessible by users. Hence, independent software vendors (ISVs) play a vital role in offering a better quality of services (QoS) to the end-users, which helps them in retaining existing customers, further increasing their customer bases, and improving the overall customer experiences. Additionally, some trends allow ISVs to sustain in the competitive environment.

The MRFR analysis offers a comprehensive understanding of the market dynamics. The global independent software vendors (ISVs) market has been analyzed across key geographies, namely, North America, Southeast Asia, India, Europe, China, Japan, and Central and South America.

North America is the leading economy in the independent software vendors (ISVs) market, followed by Europe. North America is one of the major regions for the ISV market. The North American market consists of the US, Canada, and Mexico. These countries have a large number of ISV providers. For instance, in the US, some of the key ISVs are Ipswitch, Salesforce.com, Intuit Inc., Alpha Software. In Canada, some of the key ISVs include Endeavour, CRG Solutions, and MediaValet Inc. All these ISVs compete with each other based on value-added features and services that they offer.

However, India is the fastest-growing economy in the global market. Increasing digitalization and consumer awareness in the country are some of the factors responsible for the growth of the market. Moreover, businesses in the country are planning to adopt the latest technologies to harness maximum profits, which would enable them to sustain in the competitive environment. Furthermore, the increasing demand for cloud computing technology both by large enterprises and small- and medium-sized enterprises, is another factor responsible for the growth of the market.

According to the Market Research Future analysis, the global independent software vendors (ISVs) market was valued at USD 202.85 million in 2019; it is expected to reach USD 408.15 million by 2026, recording a CAGR of 10.5% during the forecast period, 2020–2026.

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Market Segmentation

Global Independent Software Vendors (ISVs) Market has been segmented based on Type, Application, and Region.

Based on type, the market has been segmented into cloud and on-premise. The cloud segment accounted for the larger market share in 2019, and it is projected to register a higher CAGR over the forecast period,

By application, the market has been segmented as e-commerce, logistics, retail, healthcare, financial, education, and others. The retail segment had the highest market share in 2019, and the e-commerce segment is expected to record the highest CAGR over the forecasted timeframe.

Key Players

The MRFR study identifies some of the prominent key players in the independent software vendors (ISVs) market, as Microsoft Corporation (US), Cisco Systems, Inc. (US), IBM Corporation (US), HP Development Company, LP (US), Micro Focus (US), Google, Inc. (US), Oracle Corporation (US), Apple Inc. (US), SAP SE (Germany), Salesforce.com, Inc. (US), Nutanix (US), ServiceNow (US), Yahoo! (US), Double-Take Software (US), RSA Security LLC (US), Mocana (US), Odyssey Software (US), and Compuware Corporation (US).

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Privileged Access Management (PAM) Solutions Market Research Report - Global Forecast to 2026

 Global Privileged Access Management (PAM) Solutions Market Research Report: Information By Type (Software, Physical Appliance and Virtual Appliance), Application (Windows, Unix & Linux, Mac OS and infrastructure devices and IoT) and Region - Forecast to 2026

Market Highlights

PAM solutions are adopted in an enterprise to prevent a breach and limit the damage that occurred in case of any breach occurs. PAM solutions ensure that the organization has a secure, efficient, and compliant way to provide access and monitor privileged accounts.

MRFR analysis offers a comprehensive understanding of the market dynamics. The global privileged access management (PAM) solutions market has been analyzed across key geographies, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America is the leading economy in the privileged access management (PAM) solutions market, followed by Europe. However, Asia-Pacific is the fastest-growing economy in the global market due to the growing number of SMEs and the high focus of enterprises on boosting the security for accessing sensitive information. The Middle East & Africa and South America are witnessing steady growth in the privileged access management (PAM) solutions market; however, these regions have very few country-level markets for cloud-based infrastructure.

According to Market Research Future analysis, the global privileged access management (PAM) solutions market was valued at USD 1689.72 million in 2019; it is expected to reach USD 12,067.50 Million by 2026, recording a CAGR of 32.67% during the forecast period, 2020–2026.

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Market Segmentation

Global Privileged Access Management (PAM) Solutions Market has been segmented based on Type, Application, and Region.

Based on type, the global privileged access management (PAM) solutions market has been segmented into software, physical appliance, and virtual appliance. Among these, in 2019, the software segment accounted for the largest market share of 41.12%, with a market value of USD 694.77 million. The virtual appliance segment is projected to record the highest CAGR of 34.90% during the forecast period.

Based on application, the privileged access management (PAM) solutions market has been segmented into Windows, Unix & Linux, Mac OS, and infrastructure devices and IoT. Among these, in 2019, the Windows segment accounted for the largest market share of 37.57%. The infrastructure devices and IoT segment are projected to register the highest CAGR of 34.89% during the forecast period.

Prominent Players

Some of the Prominent Players in the Global Privileged Access Management (PAM) Solutions Market are CA Technologies, Wallix, CyberArk, Centrify, ManageEngine, ARCON, Hitachi ID Systems, Beyond Trust, Thycotic, Devolutions, and One Identity LLC.

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Sentiment Analytics Market Growth, Size, Segments and Future Forecast To 2023

 

Sentiment Analytics Market, By Components (Software, Services, By Deployment (Cloud, On-Premise), By Organization Size (SMEs, Large Enterprises), By Vertical (Retail, BFSI, Healthcare & Life Science) - Forecast 2023

Overview

Sentiment analytics determines the emotional tone behind a series of words and analyses human emotions, sentiments with the help of consumer data (primarily social media feeds), deep learning capabilities and natural language processing (NLP). The global sentiment analytics market is anticipated to grow at a CAGR of 14% and reach a valuation of USD 6 Bn over the forecast period of 2017-2023, asserts Market Research Future (MRFR) in a detailed research report.

Growing popularity of social media platforms is one of the preliminary factors spurring the growth of the global sentiment analytics market. Advances made in the field of artificial intelligence (AI) which allows contemplation of human behavior and emotions also drives the market for sentiment analytics.

Sentiment analytics is gaining traction among various industry verticals such as healthcare, FMCG, telecom, retail, media & entertainment, and others. These industries are increasingly using sentiment analytics for opinion mining of consumers to extract personal content about the consumers. Sentiment analytics allows a deep understanding of consumer’s needs, expectations and extending customer base which can aid businesses to plan their business strategies accordingly.

The emergence of big data is a crucial factor in boosting the growth of the global sentiment analytics market. Availability of colossal amounts of data allows enterprises to leverage it to get actionable insights. Growing adoption of cloud computing is also a major factor driving the growth of the global sentiment analytics market.

Other drivers include seamless integration and up gradation, and cost saving on infrastructure. On the other hand, high costs associated with sentiment analytics hinders adoptions, especially from government institutions which limit the growth of the global sentiment analytics market.

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Segmentation

The global sentiment analytics market has been segmented based on component, deployment, organization size, and vertical.

By component, the global sentiment analytics market has been segmented into sentiment and service. The service segment has been further segmented into professional services and support & maintenance services.

By deployment, the global sentiment analytics market has been segmented into cloud and on-premise.

By organization size, the global sentiment analytics market has been segmented into small & medium enterprises and large enterprises.

By vertical, the global sentiment analytics market has been segmented into retail, BFSI, healthcare & life sciences, Education, media & entertainment, transportation & logistics, and others.

Regional Analytics

The Americas, Europe, Asia Pacific (APAC), and the Rest of the World (RoW) are the key markets for sentiment analytics. The Americas account for the maximum share of the global sentiment analytics market on account of the concentration of major players in the region and high adoption rate of the technology by small and large enterprises. The US and Canada are the key contributors to the Americas market.

APAC is slated to emerge as the fastest growing market for sentiment analytics. The region is investing substantially on sentiment analytics to improve business outcomes. The presence of a large number of SMEs in the region can also be credited for the growth of the market in APAC.

Competitive Landscape

Adoreboard (U.K.), Twizoo (U.K.), IBM (U.S.), Aylien (Ireland), SAS Institute (U.S.), Angoss Sentiment Corporation (Canada), Bottlenose.Com (U.S.), Clarabridge (U.S.), Brandwatch (U.K.), and Crowdflower (U.S.) are the remarkable players in the global sentiment analytics market.

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