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Business ICT

Global Big Data Analytics To Grow At CAGR Of Over 19% By 2032 End

A new report collated by Fact.MR projects the global big data analytics in healthcare market to exhibit a high double-digit CAGR through the forecast period 2017 to 2026. Over US$ 45,000 Mn revenues will be reaped from worldwide sales of big data analytics in the healthcare market by 2026-end.

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Big Data Analytics to Boost Precision Medicine Research

Precision medicine holds potential to shift from the one-size-fits-all approach toward using patient-specific therapeutics by using large amount of data gathered from tools including genomics, mobile biometric sensors, and smartphone apps. Health data is enabling doctors in building predictive models and better patient profiles for more effective anticipation, diagnosis and treatment of various diseases. In addition, partnerships and collaborations between healthcare organizations and researchers have resulted into the development of data pools, which can be used for constructing better personalized healthcare models. Such new capabilities are yet at a nascent phase, and big data capabilities & policies are expected to expand for enabling patient data to constantly inform health research.

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Big Data Analytics to help Healthcare Organizations in Cutting Costs

Several healthcare organizations are already using big data analytics, and majority among these believe big data analytics would save them over 25% in annual costs in the upcoming years. One of the several ways that big data analytics can enable cost reduction is by curtailing the hospital readmission rate. The big data analytics approach is adhered by healthcare organizations while seeking relationships consistent with readmissions, which they could not predict or understand before. Once these relationships are identified, healthcare organizations can set up protocols for dealing with patients and prevent readmission. In addition, big data analytics can enable forecasting operating room demands, optimizing staffing, streamlining patient care, and creating measures for improving pharmaceutical supply chain.

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6 Key Takeaways from Fact.MR’s Report on Big Data Analytics in Healthcare Market

  • Asia-Pacific excluding Japan (APEJ) is anticipated to remain the fast-expanding as well as the most remunerative market for big data analytics in healthcare. North America and Europe will also remain lucrative regions for expansion of the market, with revenues projected to increase at an approximately equal CAGR through 2026. The markets in Latin America and Japan will reflect a relatively higher CAGR than those in North America and Europe, although accounting for relatively lower revenues during the forecast period.
  • Healthcare provider is expected to remain the dominant spender in the global big data analytics in healthcare market. However, revenues from healthcare payer will increase at a significantly higher CAGR than those from healthcare provider during 2017 to 2026.
  • CRM analytics is expected to remain preferred among tools for big data analytics in healthcare, followed by financial analytics and production reporting. Sales of visual analytics will exhibit the fastest expansion through 2026, based on tool type.
  • Access operational information is anticipated to remain the largest application of big data analytics in healthcare, in terms of revenues.
  • Although on-premises deployment will remain sought-after in the market, sales of cloud-based deployment will register a relatively faster expansion through 2026.
  • In this highly competitive market, healthcare settings are expected to be the highest gainers. In current market scenario, vendors are increasingly competing to outdo the others, and focusing more on offering innovative healthcare services. Key companies profiled by Fact.MR’s report include Denodo Technologies Inc., Alteryx, SAP SE, SAS Instiute, Infosys, Cisco Systems Inc., Zephyr Health, Cerner Corp, Oracle Corp, MEDai’s Health, McKesson, Microsoft Corp, and OptumHealth Care Solutions.

Market Taxonomy

Region North AmericaLatin AmericaEuropeJapanAPEJMEA
Spender Type Healthcare PayerHealthcare Provider
Tool Type Data Warehouse AnalyticsFinancial AnalyticsProduction ReportingCRM AnalyticsPredictive AnalyticsVisual AnalyticsRisk Management AnalyticsSupply chain AnalyticsTest Analytics
Application Type Access Clinical InformationAccess Operational InformationAccess Transactional DataOther Applications
Deployment Type Cloud-basedOn-premises

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ICT

The All-Electric Satellite Market Is Projected To Be Valued At More Than US$ 18 Billion During The Forecast Period 2022-2032

The all-electric satellite market is projected to be valued at more than US$ 18 billion, and is poised to grow at a staggering CAGR of over 11% during the forecast period. As existing operators are preferring all-electric propulsion mechanisms, the satellite industry is witnessing a steady uptake of all-electric satellites. All-electric satellites are a new category of satellites providing extended mission time along with improved efficiency.

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They often weigh lesser than the traditional satellites. This leads to decreased satellite operator launch costs. The market is expected to witness many operators who show a pronounced shift towards all-electric satellite solutions as part of their future and current missions, with the possibility of low-weight satellites capturing their interest.

Key Takeaways of All-Electric Satellite Market Study

  • More than 30% of all the all-electric satellites launched in 2018 were for commercial communication purposes
  • Though civil operators are increasingly adopting all-electric satellites, military surveillance operators remain slow to embrace
  • Earth observation and remote sensing applications will grow at the highest CAGR of over 12% as operators are beginning to diversify targeting applications
  • North America holds the largest share (~35%) within the global all-electric satellite market. The presence of prominent space organizations such as National Aeronautics and Space Administration (NASA) is attributing to such growth
  • APAC is anticipated to showcase the highest growth rates (over 14%) especially in nations such as China and India, due to the growing downstream  applications which are facilitating growth

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Global All-Electric Satellites Market: In-Depth Assessment on Key Segments

The global all-electric satellites market is segmented on the basis of propulsion type, satellite type, application and region.

Propulsion Type
  • Electrostatic
  • Electrothermal
  • Electromagnetic
  • Photonic
Satellite Type
  • LEO (Low Earth Orbit)
  • MEO (Medium Earth Orbit)
  • GEO (Geosynchronous Earth Orbit)

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Product Enhancement to Foster Market Resiliency

Boeing SA was the first contributor towards the all-electric satellites industry in 2012 with a four-satellite watershed contract. In the aftermath of that contract, space agencies and other companies around the world have increased their investments in electric propulsion for use in research missions that go mainstream in the commercial sector.

Manufacturers of all-electric satellites are now trying to find novel ways of increasing their market share for electric propulsion while not ignoring traditionally inclined customers.

However, he allure of economies of scale and less reliance on external suppliers makes vertical integration difficult in the all-electric satellite market. Presently, vertical integration is an expensive business practice, with major associated risks.

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Categories
ICT

Global Robotic Process Automation Market Will Project An Astounding 17x Growth From 2022 To 2032

Organizations worldwide are identifying processes that can be automated. This is in response to the increase in productivity and efficient use of resources that robotic process automation offers. The global robotic process automation market will project an astounding 17X growth from 2019 to 2029. This can be attributed to the growing adoption of industry 4.0 technologies in modern manufacturing. On the back of benefits such as precision, capacity expansion, and significant reduction in time-to-market of products, robotic process automation is set for a sky rocketing growth trajectory.

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Key Takeaways of Robotic Process Automation Market Study

  • Service product types hold the leading market share of more than 58% of the total value. Enterprise organizations are looking for end-to-end services that ensure organization wide deployment of robotic process automation initiatives.
  • Robotic process automation based on smart software meets the demands of small and medium enterprises. On the back of suitability and flexibility of deployment, the software segment will grow at an astounding 35% CAGR from 2019 to 2029.
  •  Consulting service segment will grow thirteen-folds during the forecast period. This can be attributed to the growing need for customized robotic process automation from companies.
  • In terms of target clients, large enterprises hold a majority market value share on the back of increasing need of these organizations to expand their global footprint in highly competitive environments.

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  • North America maintains share-wide leadership with more than 1/2 of the total market value. Early adopters are at the forefront of robotic process automation owing to the increasing demand from consumers for precision product manufacturing.
  • Banking, Financial Services & Insurance is the leading application segment for robotic process automation with over 1/4th of the total market value. This can be attributed to surging application of artificial intelligence and big data analytics in evaluating consumer candidature for financial services.

“Cloud deployment of robotic process automation products is the next avenue for market players. With numerous stat-ups in the manufacturing industry, market players can position themselves for sustainable revenues by developing cloud deployment technologies. As these start-ups are cash strapped and prioritize cost efficiency, cloud based subscription models will fare well for market players during the forecast period.” -Says Fact.MR Analyst

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Upgradation of Workforce Skillset to Propel Market Growth 

Market players must invest in developing product offerings that can measure increase in productivity post deployment. It is important for continued success, that all stakeholders of the client organization can understand and utilize robotic process automation technologies. Training and development of workforce skill sets will ensure frictionless adoption of robotic process automation. Hence, to garner increasing revenues it is important for market players to position themselves as a knowledge resource coupled with industry leading technologies. Industry 4.0 technologies will propel market demand for robotic process automation as organizations move towards hyper automation by leveraging the advancements in artificial intelligence (AI), natural language processing (NLP), and communication analytics.

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Categories
ICT

Cloud Based Computer Aided Engineering Is Garnering Increasing Consumer Traction During 2022-2032

Consumer product manufacturers are investing in research and development for products with enhanced battery life and performance. Surging application of computational fluid mechanics in developing battery modules, battery life testing, and measuring performance is contributing to the growth of the computer aided engineering market. Emerging hyper converged infrastructures (HCI) is propelling the mass adoption of scalable computer aided engineering by various multinationals. The flexibility and cost efficiency of cloud computing acts as a central factor for resurgent adoption of computer aided engineering. Cloud computing eliminates the high costs associated with hardware procurement, installation, and support infrastructure for computer aided engineering systems. Since cloud enabled computer aided engineering will run on a subscription bases, the cost of adoption has decreased considerably.

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Key Takeaways of Computer Aided Engineering Market Study

  • Europe is leading global sales with more than 1/3rd share of the total market value. Presence of major automotive manufacturers is leading to high growth in this region.
  • South Asia & Oceania offer the most lucrative growth opportunities with a double digit growth rate of over 10% CAGR. Budding ecosystem of smart devices is heightening the demand for computer aided engineering for the development of new products.
  • Automotive applications account for more than 50% of the total market revenues. The 7% CAGR growth of this market can be attributed to the increasing need for sustainable manufacturing.
  • On-premise computer aided engineering is the most prevalent kind of deployment. The segment accounts for over 70% market value share and is poised to grow at an impressive 7% CAGR during the forecast period.
  • Cloud based computer aided engineering is garnering increasing consumer traction on the back of reduced costs, and increased accessibility of Computer Aided Engineering products based on subscription models.
  • Finite Element analysis (FEA) exhibits share-wide dominance with more than 55% market value share. The segment is expected to grow at a robust 7% CAGR during the forecast period.
  • Computational fluid dynamics (CFD) is witnessing multiplying demand from electric vehicle manufacturers. CFD is an ideal method to design, test, and conduct conceptual repairs to electric vehicle batteries. The segment is expected to grow at 8% CAGR through 2029.

 

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Global Computer Aided Engineering Market: In-Depth Assessment on Key Segments

The global computer aided engineering market is segmented on the basis of application, services, end use and region.

 

Type
  • Finite Element Analysis (FEA)
  • Computational Fluid Dynamics (CFD)
  • Multibody Dynamics
  • Optimization & Simulation
Deployment
  • On-premise
  • Cloud-based
End Use
  • Automotive
  • Defense & Aerospace
  • Electronics
  • Medical Devices
  • Industrial Equipment
  • Others
Region
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa

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Strong value added reseller programs will witness multiplying growth through 2029. Reseller programs are ideal for expanding global footprint without significant financial investments. Training and development of partners can be done via virtual methods and sharing of knowledge resources. Reseller programs are expected to boost revenues for market players from 2019 to 2029. Developing countries are witnessing a boom in sales of smart products. CAE organizations will find increasing applications in smart device manufacturing such as smart homes, automobiles, and accessories. Since many of these products are being developed for the first time, computer aided engineering stands a strong chance to garner revenues from smart device industries.

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Categories
ICT

Sales Of Communication Test Equipment Market Is Anticipated To Grow 1.5x Through 2029

 

 

Owing to its modest growth outlook in the past and heightening demand with the introduction of 5th Generation network, communication test equipment market is anticipated to grow 1.5X through 2029. Furthermore, broadband penetration with FTTH (Fiber-to-the-home) initiatives by regional and global governmental bodies has also giving an uptick to its demand, thus creating the additional need for optical fiber communication test equipment. This mounting demand of communication test equipment is set to contribute US$ 5 Bn to global communication equipment market by end of forecast period.

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Shift from legacy networks to Long Term Evolution (LTE) networks has resulted in increasing data usage across globe. The amount of data that is produced in a day is 2.5 quintillion bytes which is higher than the last three decades. Emergence of big data and its applications such as business intelligence and search pattern reorganization has enabled demand for high QoS (Quality of Service) in the telecom market.
Introduction of RF (Radio Frequency) standards by international bodies like ETSI (European Telecommunications Standards Institute) and ITU (International Telecommunication Union), along with the regulations imposed by regional regulatory authorities such as TRAI (Telecom Regulatory Authority of India) has compelled service providers to ensure QoS. Imposition of these regulations has also resulted in increasing demand for communication test equipment.

Key Takeaways of Global Communication Test Equipment Market

  • Global communication test equipment market is expected to create a value opportunity of around US$ 1.0 Bn during the forecast period, adding 1.6X more value in 2029 as compared to 2019
  • Telecommunication sector will continue to dominate demand for communication test equipment market accounting for more than half of the global share, as a result of growing preference for IoT applications.
  • China and India will continue to maintain their supremacy in communication test equipment market with highest number of communication subscribers and high data usage rate. Communication test equipment market in Asia Pacific is poised to grow at a healthy CAGR of 5.0% through 2029.
  • Increasing investments by government and related authorities in aerospace and defense for providing better support and up gradation of testing equipment is expected to boost demand for communication test equipment market over the forecast period.
  • Asia Pacific is estimated to be the most lucrative market in terms of revenue generation, currently valued at US$ 500.0 Mn and is expected to show prolific expansion over the forecast period

“Launch of Next Generation Networks (NGNs) with fiberization and IMS core systems to upturn demand for communication test equipment for ensuring QoS provided by CSPs”, says Fact.MR analyst. 

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Communication Test Equipment Market to witness a Seismic Shift with FTTH services 

Leading communication test equipment manufacturing players are emphasizing on developing optical fiber communication test equipment. Furthermore, strategic collaboration with OEMs such as Huawei and Catalog service providers like Sigma Systems is helping companies to compete with the growing demand for communication test equipment.

More Valuable Insights on Communication Test Equipment Market:

Fact.MR, in its new offering, presents an unbiased analysis of the global communication test equipment market, presenting historical demand data (2014-2018) and forecast statistics for the period of 2019-2029. The study divulges essential insights on the communication test equipment market on the basis of type of communication system (wired or wireless communication system) and test type (network assurance test, lab test, field test and enterprise test) across five major regions.

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Categories
ICT

Demand For Mental Fitness Apps For Co- Occurring Disorders Grew 1.8x Over 2022

ICT companies are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth.

The report offers actionable and valuable market insights of Mental Fitness Apps. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Mental Fitness Apps Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Mental Fitness Apps market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Mental Fitness Apps

This newly published and insightful report sheds light on Market Insights of Mental Fitness Apps, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Mental Fitness Apps Market.

Market Segments Covered in Mental Fitness Apps Industry Research

  • By Operation System

    • iOS  Mental Fitness Apps
    • Android Mental Fitness Apps
    • Others
  • By Revenue

    • Free/ Freemium Mental Fitness Apps
    • Paid Mental Fitness Apps
    • Others Mental Fitness Apps
  • By Application

    • Mental Disorder Apps
    • Substance-use Disorder Apps
    • Co-occurring Disorder Apps
  • By Demographics

    • Baby Boomers
    • Generation X
    • Millennials
    • Generation Z

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Mental Fitness Apps Market- Scope of Report

A recent study by Fact.MR on the mental fitness apps market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the development of mental fitness apps.

The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, cost structure analysis, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies manufacturing mental fitness apps, along with their product portfolios, key strategies, SWOT Analysis, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including revenue growth, product enhancements, and revenue generation from mental fitness apps across the globe.

A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account revenue from mental fitness apps during the forecast period.

Analysis on Market Size Evaluation

The market has been analyzed for each market segment in terms of value (US$ Mn).

Market estimates at global and regional levels for mental fitness apps are available in terms of “US$ Mn”. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a company can look to achieve, along with identifying potential resources, considering the revenue perspective in the global mental fitness apps market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include market forces analysis, which is expected to have a momentous influence on the growth of the mental fitness apps market during the forecast period.

Country-specific valuation on revenue for mental fitness apps has been offered for each regional market, along with market scope estimates and forecasts, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value for key countries has also been included in the report.

In-depth Analysis on Competition

The report sheds light on leading providers of mental fitness apps, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the mental fitness apps has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the mental fitness apps market.

Key Takeaways from Market Study

  • The global mental fitness apps market is poised to rise at a CAGR of 16.4% and witness an absolute dollar opportunity of US$ 1.4 Bn by 2031.
  • Under operation system, Android is a prominent share holder capturing 68.1% of the market share in 2021, but this share is expected to decline 10% by 2031.
  • Based on application, co-occurring disorder apps are anticipated to reach a market value of US$ 776 Mn by 2031, offering an incremental opportunity of US$ 27.3 Mn (2021-2022).
  • Under demographics, baby boomers will hold the lowest market share of 6% and 10.8% in 2021 and 2031, respectively.
  • Out of 100 app subscriptions, 35 are from North America, with this regional market poised to expand at a CAGR of 17.2% during the forecast period.
  • The market in East Asia will gain 24 BPS from 2021 to 2031 and generate a global market value of US$ 381 Mn.

“Initiatives by government and private sectors to improve the lifestyle of employees due to rising stress conditions are providing opportunity for mental fitness app developers to add new features, ensuring maximum benefit for users,” says a Fact.MR analyst.

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Key Question answered in the survey of Mental Fitness Apps market report:

  • Sales and Demand of Mental Fitness Apps
  • Growth of Mental Fitness Apps Market
  • Market Analysis of Mental Fitness Apps
  • Market Insights of Mental Fitness Apps
  • Key Drivers Impacting the Mental Fitness Apps market
  • Which are the Key drivers impacted by Mental Fitness Apps market
  • Restraints Shaping Market Growth
  • Market Survey of Mental Fitness Apps

More Valuable Insights on Mental Fitness Apps Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Mental Fitness Apps, Sales and Demand of Mental Fitness Apps, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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Categories
ICT

Sales Of Personal Assistance Apps Market Increased At Around 14.3% CAGR During 2022-2032

Newly-released personal assistance app industry analysis shows that global demand enjoyed year-on-year (YoY) growth of 17.8% in 2021, to reach a value of above US$ 3.1 Bn. Mobile apps displayed negative growth of 4.1% to a reach a value of US$ 1.37 Bn in 2020, while smart device apps were up by 18.3% to record a value of US$ 1 Bn.

The latest market research report analyzes Personal Assistance Apps Market demand by Different segments. Providing business leaders with insights On Personal Assistance Apps And how they can increase their market share.

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Market Segments Covered in Personal Assistance Apps Industry Research

  • By Product Type

    • Chatbots
    • Smart Device Apps
    • Mobile Apps
  • By Revenue

    • Free/Freemium Personal Assistance Apps
    • Subscription (Monthly, Yearly) Personal Assistance Apps
    • One-time License Personal Assistance Apps
  • By Technology

    • Speech to Text Personal Assistance Apps
    • Text to Speech Personal Assistance Apps
    • Speech to Speech Personal Assistance Apps
    • Text to Text Personal Assistance Apps
  • By Application Sector

    • Residential / Individual Personal Assistance Apps
    • Commercial Personal Assistance Apps
      • BFSI (Banking, financial services and insurance)
      • Electronics & Semiconductors
      • Automotive
      • Healthcare
      • Education
      • Retail
      • IT & Telecom
      • Travel & Hospitality
      • Transport & Logistics
      • Others

We leverage space-age industrial and digitalization tools to provide avant-garde actionable Personal Assistance Apps Market insights to our clients.

SWOT analysis has been performed in the market study to investigate the strengths, weaknesses, opportunities and threats of each player, both at global and regional levels.

The latest industry analysis and survey on Personal Assistance Apps provides sales outlook in 20+ countries, across key categories. Insights and outlook on Personal Assistance Apps market drivers, trends, and influencing factors are also included in the study.

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The report also offers key trends of Personal Assistance Apps market and an in-depth analysis of how the projected growth factors will shape the Personal Assistance Apps market dynamics in the coming years of the forecast period.

Moreover, it also gives meaningful as well as actionable insights on the competitive analysis of Personal Assistance Apps Market that are developing the current market scenario and which will be lucrative for the future demand of Personal Assistance Apps Market.

Crucial insights in Personal Assistance Apps market research report:

  • Underlying macro- and microeconomic factors impacting the Sales of Personal Assistance Apps market.
  • Basic overview of the Personal Assistance Apps, including market definition, classification, and applications.
  • Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
  • Adoption trend and supply side analysis of Personal Assistance Apps across various industries.
  • Important regions and countries offering lucrative opportunities to market stakeholders.

The Demand of Personal Assistance Apps Market study includes the current market scenario on the global platform and also Sales of Personal Assistance Apps Market development during the forecast period.

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The Market insights of Personal Assistance Apps will improve the revenue impact of businesses in various industries by:

  • Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the Personal Assistance Apps Market
  • Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global Personal Assistance Apps market and offers solutions
  • Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
  • Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
  • Helping leading companies make strategy recalibrations ahead of their competitors and peers
  • Offers insights into promising synergies for top players aiming to retain their leadership position in the market & supply side analysis of Personal Assistance Apps market .

 

List of the Leading Companies Profiled in the Personal Assistance Apps Market are:

To provide decision-makers with credible insights on their competitive landscape, the Personal Assistance Apps Market industry research report includes detailed competitive landscape analysis.

The competitive landscape analysis for Personal Assistance Apps Market includes detailed profiles of Tier 1, Tier 2, and Tier 3 players. The respective market share of Personal Assistance Apps manufacturers is provided so business leaders can understand the market scenario.

An assessment on the winning strategies of key Personal Assistance Apps Market manufacturers is provided, with recommendation on what works well in Personal Assistance Apps Market landscape.

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Categories
ICT

Global Wearable Payment Devices Market Is Projected To Expand At An Impressive CAGR Of Around 29% Over The Forecast Period Of 2022 To 2032

Wearable payment devices have witnessed noteworthy growth in the past few years. With the introduction of Host Card Emulation (HCE) and cashless payment methods, several financial institutions and banks have started utilizing the features of these electronic payment devices in order to expand their current customer base. Rise of HCE is attributed to growth is demand for wearable payment devices, as HCE allows wearable devices to allow card imitation on NFC-enabled devices without depending on access to an authenticated element. Furthermore, NFC, RFID, and HCE technologies are integral parts of wearable and contactless payment devices, owing to their features that support a seamless transaction experience.

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Several manufacturers such as Samsung Electronics and Apple Inc. are integrating payment technologies into their wearable devices to cater to rising customer demand. Additionally, reduction in the cost of NFC technology installation has also contributed to market growth. Wearable payment devices offer a secured shopping experience to customers by using advanced technology incorporated in them.

As per the new report published by Fact.MR, the global wearable payment devices market is anticipated to exceed a valuation of around US$ 15.6 Bn by 2021, and is expected to expand at a mammoth CAGR of around 29% over the forecast period of 2021 to 2031.

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Key Takeaways from Market Study

 

  • South Asia is estimated to witness major growth during the forecast period (34% during 2021 – 2031).
  • North America is anticipated to register the highest market share of around 31%, followed by Europe.
  • In 2020, North America and Europe together accounted for 57% of global wearable payment device sales. The European market is expected to offer over US$ 35.6 Bn absolute dollar opportunity over the next ten years.
  • In terms of device type, fitness trackers and payment wristbands together held around three-fourth of the global market share in 2020.
  • Under technology, barcodes are estimated to cover a higher market share, accounting for around 30% of the market.
  • Among the applications, with over 28%, retail accounted for the highest share of wearable payment devices.

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Key Market Segments Covered

  • By Device Type
    • Fitness Trackers
    • Payment Wristbands
    • Smart Watches
  • By Technology
    • Barcodes
    • Contactless Point of Sale Terminals
    • Near Field Communication (NFC Wearable Payment Devices)
    • Quick Response (QR) Codes
    • Radio Frequency Identification (RFID Wearable Payment Devices)
  • By Application
    • Wearable Payment Devices for Festivals & Life Events
    • Fitness Wearable Payment Devices
    • Healthcare Wearable Payment Devices
    • Retail Wearable Payment Devices
    • Wearable Payment Devices for Transportation
    • Others
  • By Region
    • North America
    • Europe
    • Latin America
    • East Asia
    • South Asia
    • Oceania
    • MEA

Reasons to choose Fact.MR:

  • Exhaustive research regarding the market to offer A to Z information.
  • Digital technologies to provide innovative business solutions to the clients.
  • 24/7 availability of services.
  • Interaction with suppliers, vendors, and service providers for precise market landscape.
  • Reports tailored as per the requireme nts of the clients.

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About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
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Categories
ICT

Market For Casino Management Systems Is Set For A Tremendous Growth Trajectory By 2032

The urgent need to increase customer retention by integrating advanced casino management systems is set to drive the growth of its market. Casino management systems once integrated with operations and services help casinos and gaming clubs to customize the gaming experiences as per the taste of individual customers. The global casino management system market is projected to grow at an astounding 14.5% CAGR during the forecast period (2019-2029).

Casinos and gaming clubs are leveraging industry 4.0 technologies such as artificial intelligence, and big data analytics to enhance customer experience and increase retention rates. As the gaming industry’s primary profit center is maintaining profitable customer relationships, casino management systems will witness a skyrocketing growth trajectory. For instance, enhanced marketing and promotional targeting based on consumer preferences increase the probability of sales.

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The report also comprises the study of current issues with end users and opportunities for casino management systems. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis of the key players involved in the market and strategic overviews. The dashboard included in the report provides a detailed comparison of casino management system manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the casino management system market provided in the report adds to the credibility of this exhaustive research study.

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Global Casino Management System Market: In-Depth Assessment on Key Segments

The global casino management system market is segmented on the basis of application and region.

Application
  • Security & Surveillance
  • Analytics
  • Accounting & Cash Management
  • Player Tracking
  • Property Management
  • Marketing & Promotions
  • Others
Region
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa

Country-specific assessment on demand for casino management system has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index, and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous casino management system manufacturers, experts, and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than the addressee(s) is unauthorized and prohibited.

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The report provides a company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries. The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global casino management system market. Some of the major competitors operating in the casino management system market are Konami Corporation, Agilysys, Inc., Bally Technologies, Casinfo Systems, International Game Technology (IGT), LGS (Lodging and Gaming Systems), Micros Systems, Inc. (Oracle Corporation), Honeywell International, Inc., Next Level Security Systems, Inc., Aristocrat Leisure Limited and others.

Global Casino Management System Market: Research Methodology

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the casino management system market.

A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the casino management system market, which includes global GDP growth rate, per capita disposable growth, urbanization growth, and others. This report serves as an authentic resource of intelligence on the casino management system market, enabling the readers to make fact-based decisions on the future direction of their businesses.

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About Fact.MR:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:

Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com

Categories
ICT

Global Building Information Modeling Industry To Expand 3x From 2022 To 2032

Providing the much-needed data reliability and consistency, the global building information modeling market is booming. The market was pegged at US$ 4.7 Bn in 2019. According to the Institution of Civil Engineers (ICE), the global construction market will grow by 85 per cent to reach US$ 15.5 Trillion by 2030 due to rapid developments in US, India and China.

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Skyscrapers are touching new height records, gigantic tunnels are paving the way for new transport networks, and bridges are covering more distances in an unprecedented way which is propelling the building information modeling market.

Construction is witnessing unprecedented growth in terms of project complexity; case in point, Port Mann Bridge-Vancouver, Gotthard Base Tunnel-Switzerland, Three Gorges Dam-China, Shanghai Tower-China and Gotthard Base Tunnel-Switzerland. The development of such complex structures entails efficient and economical planning and vision. On this premise, the building information modeling market, will become an unavoidable resource within the modern-day construction sector.

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Key Trends from the Building Information Modeling Market

  • MR reports that demand for building information modeling software segment will increase at a striking CAGR of 11% through 2027.
  • The major factors driving the growth of the building information modeling market is the rapid development of construction activities around the world.
  • Government regulatory organizations are also taking measures to increase the adoption of building information modeling in their respective countries and to heighten the demand for building information modeling.
  • The biggest market presently for building information modeling is North America, which is the most technically sound hemisphere with an integrated and sophisticated construction management system
  • Intense public and private space projects in U.S. cities such as Chicago and New York have driven North America to meet a significant 10% of the global market demand.

Key takeaways from the presented Building Information Modeling Market analysis:

  • In-depth understanding of the innovations in the market space
  • Region-wise assessment of the different factors expected to influence market growth in each region
  • Influence of technological advances on the market
  • A thorough assessment of growth opportunities for market players in different regions
  • Analysis of the supply-demand ratio in different end-use industries

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New Competitors Leveraging Innovation to Gain Hegemony

The building information modeling market is highly fragmented with a large number of competitors with holding top shares. In addition, the numerous mergers and acquisitions by market players is also responsible for the development of the building information modeling industry.

In 2018, Bentley Systems announced the acquisition of Plaxis, a primary provider of geotechnical software based in Netherlands, with an agreement to acquire SoilVision, a soil engineering software provider based in Saskatchewan, Canada.

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Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com