Augmented Reality and Virtual Reality (ARVR) Market Research Report - Global Forecast till 2025

 Overview

The augmented reality and virtual reality market is catching the trends by surprise all around which ensures a giant leap in terms of valuation in the forthcoming years. Its percolation into industries such as healthcare & life sciences, education, and gaming is based on the demand for experiential enhancement. Many market giants are taking advantage of it to promote their products by installing augmented reality and virtual reality modes in their system. This pervasiveness of the augmented reality and virtual reality market projects a feasible market valuation of USD 767.67 billion by 2025. The report published on the same market by Market Research Future (MRFR) predicts a 73.3% CAGR for the market during the forecast period (2018-2025).

The augmented reality and virtual reality market report further encompasses factors such as probable integration of 5G technology which can surely boost the market, widespread use of head-mounted displays, intrigued marketing strategists, and interested e-commerce companies & retailers. Head-mounted sets are gaining much prominence in the gaming sector that spans from arcade to smartphones. Marketing strategists now find this technology very alluring due to its ability to merge reality with virtual space. This can impact the consumer behavior which is a boon for the market giants. E-companies such as Amazon, eBay, and others are using this technology to reach a wider audience and increase their market base. With the latest 360° VR video technology in the pipeline, sectors such as pilot & driver training, space study, underwater exploration, and surgery are going to be revolutionized.

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Segmentation

The global augmented reality and virtual reality market can be segmented by product type and application.

By product type, the augmented reality and virtual reality market can be segmented into non-immersive systems, semi-immersive projection system, and fully-immersive head mounted systems. Among these, non-immersive systems segment is spearheading the market with a market valuation of USD 3.41 billion in 2018 which can rise with the highest CAGR of 82.4% during the forecast period and reach USD 228.42 billion valuation mark.

Based on application, the augmented reality and virtual reality market comprises education & training, video games, media, tourism, and social media. Video games segment is at present in the charge, and it is going to retain its position with around USD 217.26 billion market worth by 2025. However, it is the education and training sector that is touted to rise by 76.4% CAGR during the forecast period.

Regional Analysis

Geographic consideration of the augmented reality and virtual reality market includes the U.S., Europe, China, Japan, South East Asia, and Central & South America.

The U.S. is the current frontrunner, and its projected market valuation can reach up to USD 307.91 billion by 2025 with the fastest CAGR of 78.3% during the forecast period. The region has several market titans who compete well to stay ahead and, in the process, ensures market growth. Furthermore, regional supremacy in terms of technology and its proliferation in connected sectors have allowed the market to expand more than the rest.

China assumes the second spot at present. However, it can lose its ground to Europe by 2025 by reaching a valuation of USD 168.58 billion compared to USD 170.04 billion valuation of Europe. China is benefitting from the infrastructure and developing industrial sector. It can expect to rise by 65% CAGR during the forecast period. Europe is fast catching up with the trend and can surpass China’s market valuation with 77.6% CAGR during the forecast period.

Competitive Insights

Prominent players making a mark in the augmented reality and virtual reality market are Sony Corporation (Japan), Microsoft Corporation (U.S.), Zapper Limited (U.S.), awe.org Pty Ltd. (Australia), Wikitude GmbH (Austria), Virtalis Limited (U.K.), Blippar.com (U.K.), EON Reality Inc. (U.S.), DAQRI LLC (U.S.), Facebook Inc. (U.S.), Google LLC (U.S.), HTC Corporation (Taiwan), Augmented Pixels Inc. (U.S.), Terminal Eleven (SkyView), Samsung Group (South Korea), and HP Inc. (U.S.). Strategies employed often involve mergers, acquisitions, product launches, and other methods. These tactical moves ensure individual company’s growth and market’s expansion.

In November 2018, Google’s acquisition of Workbench, a company with expertise in the online library of lessons and projects, marks Google’s expansion plans in the education and training sector.

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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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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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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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