Location Based Services (LBS) Market Size, Share, Trends, Key Players, Demand and Opportunities by 2023
The global location based services market is driven by a number of factors, including surging market of smartphone and tablets in the developing countries, availability of low-cost GPS devices, advancement in analytical capabilities in communication technology, increasing use of vehicle tracking and management and the expansion of 3G and 4G internet services in developing markets.
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The potential market opportunity for location based services lies in the rise of mobile devices and accessing customers’ desire for WiFi services for optimizing customer engagement, increasing number of visits and reside times of consumers, facilitating remote assistance, and inspiring additional purchases through relevant communications. Moreover, LBS can also be used in retail “showrooming” (exploring in-store products, comparing prices online, and then buying them from a competitor online) and offering a more effective omni-channel strategy. Further, opportunity such as wayfinding and remote assistance can be provided by LBS to allow customers more self-sufficient.
Based on the end user industries the global location based services market can be bifurcated as (Fast Moving Consumers Goods) FMCG, telecom, retail, automotive, consumer durables, oil and gas, and healthcare. Location-based services enable retailers a better understanding of customer behavior in a particular physical location. It facilitates a complete data on the customer needs; this deeper statics on consumer behavioral facilitate deeper insight of store traffic patterns of consumers, such as visit frequency of the consumers and missed opportunities.
Asia Pacific was the largest market for location based services. The market dominance of Asia Pacific is attributed to the presence of a large number of smart phone users in the region. Country wise China is the largest LBS market in the world. The U.S. and Canada are two of the largest markets of LBS in North America.
Some of the major players operating in the global location based services (LBS) market include, Apple Inc., Google Inc., Micello Inc., Shopkick Inc., HP Enterprise Services LLC, Zebra Technologie, Cisco Systems Inc., CommScope Holding Company Inc., Ericsson Inc., IndoorAtlas Ltd., Microsoft Corp., NextNav LLC, Qualcomm Atheros Inc. and Skyhook Wireless Inc.
Printed and Organic Lighting Market Revenue, Trends, Size, Key Players and Opportunities by 2023
The printed and organic lighting market has witnessed a rapid development from “Lab to fab” in past few years. The functional advantage, such as superior energy efficiency and ability to craft novel lighting products has increased the market penetration of printed and organic lighting products in the recent years. The flexibility and lower surface emission of printed and organic lighting equipment offers advantages over conventional LED lighting equipment. The improved and custom based design features, in addition with higher luminaire level of printed and organic lighting are the recent trends witnessed in the market.
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According to the U.S. Department of Energy (DOE), OLED lighting is expected to achieve the operational efficiencies of CFLs, OLEDs are also expected to exceed the durability of CFLs in the coming years. The printed and organic lighting equipment are free from mercury; and hence they are more environmental friendly lighting, compared to traditional florescent based lighting. They also fulfill the European RoHS regulation of maximum permissible toxic ingredients emission. This in turn, is expected to drive the growth of the printed and organic lighting market in Europe.
The printed and organic lighting are portable in size, (majority of printed lighting are 2mm thick), and hence they are extensively used in backlighting, general illumination, automotive lighting and signage. The automotive segment is expected to be among the fastest growing market segments of the global market. The commercial and hospitality is expected to be the largest application segment of the global market during the forecast period.
Europe accounted for the largest share in the global market, owing to the growing consumer awareness towards environment friendly technologies. Moreover, the increased government funding together with stringent environment regulation is further driving the growth of mercury free lighting products, such as printed and organic printed lightings. In 2014, the U.S. was the largest market in North America. Asia-Pacific is expected to be the fastest growing market during the forecast period, owing to the high demand from the display and automotive sector in China, Taiwan, and Japan. India is expected to be the fastest growing market in Asia-Pacific during the forecast period. The Latin American market is expected to be dominated by Brazil during the forecast period.
Some of the competitors in the global printed and organic lighting market are, OSRAM Opto Semiconductors, Philips, Novaled, Thorn Lighting, General Electric and Add‐Vision.
Smart Water Metering Market Revenue, Trends, Size, Key Players and Opportunities by 2023
The global smart water metering market is growing, due to support from the U.S. federal funding, and significant water metering legislation. The policy and privatization, regarding the use of smart water meters for advanced metering infrastructure is also supporting the growth of the market. The smart water meter offers reduction in carbon footprint and operating cost, while enhancing supply management and services. It includes gaining precision between chargeable consumption, non-revenue water and leakage, identifying end point leakage, and creating consumption patterns. Smart water meters use predictive analytics for regulating supply, and establishing adjustable alarm notifications to avoid end point variances.
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One of the major advantages of deploying smart meter is that it eliminates error in reading, as it is digital in nature. This leads to greater accuracy, in comparison to one way devices or conventional basic meters. Additionally, smart meters can be engaged in two-way communications with electric utilities for gathering data, and allowing various evolving smart water network applications, such as leak detection and meter reading.
The North American smart water metering market leads the global smart water metering market, due to early adoption of two-way water meters used in advanced metering infrastructure networks. The European smart water metering market is expected to grow with the highest rate in the coming years. In Europe, France is the fastest growing market.
Some advanced automatic meter reading systems can observe hourly usage in responding to billing inquiries, customer leak detection, theft detection and system planning. The remote meter reading ensures that customers receive bills reflecting actual usage, even without data logging. The installation of smart water meters also makes it non-imperative for the meter reading personnel to visit the customer premises.
Some of the competitors in the smart water metering market are Diehl Stiftung & Co. KG, Neptune Technology Group Inc., Badger Meter Inc., Elster Group GmbH, Arad Group, Aclara Technologies LLC, Datamatic Ltd. and Itron Inc.
Cognitive Radio Market Size, Share, Trends, Demand, Key Players and Opportunities by 2023
Technological advancements, optimized spectrum utilization, and the increasing adoption of the 5G technology are the major factors driving the cognitive radio market growth. Cognitive radio technology has been worldwide adopted by organizations to enhance the customer experience, improve the return on investment (RoI), and gain a competitive edge in the wireless communication industry. Furthermore, in the coming years, the application of the cognitive radio is expected to increase exponentially across various industry verticals.
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On the basis of application, the cognitive radio market is categorized into spectrum sensing, spectrum analysis, spectrum allocation, location tracking and cognitive routing. Of them, the spectrum sensing application is expected to witness the fastest market growth, during the forecast period. The spectrum sensing application of the cognitive radio involves observing and updating the status of the spectrum and the movement of the licensed or primary user by periodically sensing the frequency band. This identifies the way of accessing the spectrum hole without interfering the communication of the primary users.
North America has shown maximum adoption of the cognitive radio technology, among other regions, attributed to early implementation of cognitive radio in the majority of industries and applications in the region. APAC is expected to show the highest growth in coming years. Continual growth in the mobile network, increasing complexities of the wireless communication ecosystem, rise in demand for optimized spectrum utilization, and exponential growth in data traffic across all industries are the factors that are likely to bolster the growth of the Cognitive radio market in the APAC.
Cognitive radio in public safety offers resilience, accuracy and stability of operations in wireless-impaired environments which is absent in commercial wireless systems. Cognitive radios are extensively being used in rural broadband telcos, as it aids independent local providers to overcome the problem of high cost and scarce spectrum to deploy wireless in underserved rural markets. Increasing use of this technology in public safety is one of the key factors, driving the growth of cognitive radio market.
Some of the key players in the cognitive radio market include BAE Systems plc, Raytheon Company, Thales Group, Rohde & Schwarz, Spectrum Signal Processing Inc., xG Technology Inc., Nutaq, Ettus Research, Shared Spectrum Company, DataSoft Inc., EpiSys Science Inc. and KNL Networks.
North America Web Content Management (WCM) Market Size, Share, Trends, Demand, Key Players and Opportunities by 2023
North America web content management (WCM) market is expected to cross $4,000 million with double digit growth during the forecast period. Major growth drivers of the market include the rising interest of the enterprises in web-based marketing, and rich web experience of users through multiple digital channels, such as social media and mobile platform.
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The North America WCM market is in its maturity stage, and is also expected to grow rapidly during the forecast period, owing to current innovations and enhancements in the content management technology. Further, mainstream adoption of advance content management practices by business enterprises in the region, such as automation, content creation, marketing analytics, and content personalization, has also led to increase in demand for WCM system among various small and medium businesses (SMBs) in the recent past.
The web content management market is categorized mainly into solutions, service, deployment type, user type, and industry. Among various solutions, digital marketing management contributed the largest revenue to the regional market. Digital marketing management includes managing different forms of online presence of a company, such as various techniques for online content communication. The online communication techniques include social media marketing, search engine optimization, e-mail marketing, online advertising and partnership agreements with other websites. The market for deployment type is further segmented into cloud and on-premise, of which cloud-based deployment has been generating higher revenue.
Some of the prominent players operating in the North American web content management industry are Oracle Corporation, Opentext Corporation, Adobe Systems Inc., IBM Corporation, Microsoft Corporation, and Sitecore Corporation.
Cloud Testing Market Size, Share, Trends, Key Players, Demand and Opportunities by 2023
Cloud testing is a growing technology to test the physical and virtual components, such as network, storage, and virtualization, to ensure the security of data and the performance of applications that are deployed on the cloud. Some of the factors driving the growth of cloud testing market include the increasing adoption of the cloud technology across businesses, reduced cost of ownership, and the scalability and flexibility offered by cloud-based testing platforms.
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In terms of component, the cloud testing market is categorized into testing tools and services. Testing tools are further categorized into functional, load, graphical user interface (GUI), application programming interface (API), service virtualization, and cross browser. On the basis of services, the market is classified into professional services and managed services.
Cloud testing market in North America is expected to continue generating the largest revenue in coming years. The companies operating in the North American cloud testing market are heavily investing in research & development of advanced testing tools and technologies. Moreover, presence of several key cloud testing vendors such as IBM, Oracle, and CA Technologies will continue to contribute to accelerate the growth of this market in the region.
The continuously increasing security breaches have been the key driver for for cloud testing market. Increasing demand for this technology to identify the leak points is one of the major factors, anticipated to have a positive impact on the growth of cloud testing market during the forecast period. The rapid adoption of cloud computing solutions among enterprises in various end-user industries, such as government, healthcare, and BFSI, is expected to spur the prospects for growth in the cloud testing market in the coming years. The increasing adoption of cloud computing has been shaping the cloud testing market. With an increase in adoption of cloud computing, service providers have started to offer a customizable cloud environment for hosting data or services in the cloud.
Some of the key players in the cloud testing market include IBM, Oracle, CA Technologies, Micro Focus, SmartBear Software, SOASTA, Xamarin, Cavisson Systems, Tricentis, Cigniti, Cognizant and Capgemini.
South America Enterprise Asset Management (EAM) Market Size, Share, Trends, Key Players, Demand and Opportunities by 2023
The South American enterprise asset management (EAM) market is growing at a CAGR of 10.9%, during 2018–2023 and will reach $802.1 million by 2023. The growth will be owing to the increasing focus of enterprises on reducing operating cost of assets as well as rising need for safeguarding the supply chain availability and visibility of businesses.
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On the basis of components, the South American enterprise asset management market has been categorized into software, services, and solutions, of which software generated the highest revenue of $263.5 million, in 2017. This is attributed to the increasing need for effective management of enterprise resources and their assets in South America. However, the solutions category is expected to record highest CAGR, during the forecast period, owing to the increasing demand for better return on investment (ROI) on assets, as solutions provide a proactive approach for asset management.
During the forecast period, the South America enterprise asset management market is expected to continue witnessing the fastest growth in Chile, owing to favorable government policies and investments in sustainable energy sources. The emergence of the internet of things (IoT) and the benefits associated with enterprise asset management solutions to improve ROI are resulting in the considerable growth of the market in Chile.
The Multilatinas, the companies that became multinational after outgrowing their home markets, have witnessed a rise in their asset turnover ratio. The Multilatinas hailing from Brazil, Chile, Argentina, Columbia, Peru, and Mexico have a higher asset turnover ratio than the competitors in industries like steel, auto parts, food, engineering and construction and petrochemicals.
Some of the key players operating in the South America enterprise asset management market are Schneider Electric SE, Oracle Corporation, IBM Corporation, SAP SE, ABB Ltd., Industrial and Financial Systems (IFS) AB, MRI Software LLC, CGI Group Inc. and Infor Inc.
