Fingerprint Access Control Systems Market Will Reach $11.88 Billion By 2024: Grand View Research, Inc.

The global fingerprint access control market size is expected to reach USD 11.88 billion by 2024, according to a new report by Grand View Research, Inc. Technological proliferation backed by increasing need for secure authentication and recognition of individuals across distinct end-use industries are the factors expected to impel fingerprint access control market growth over the forecast period. Moreover, declining prices of fingerprint technology has led to an overall increase in its global demand.

Favorable government initiatives and standards worldwide is expected to contribute to the industry growth over the forecast period. The governments across several countries have formed regulations governing the usage, gathering and disposal of biometric information by entities, however the affluence of these laws varies extensively over regions. For instance, in the U.S. state of Illinois with its Illinois Biometric Information Privacy Act, 740 ILCS 14/1, et seq. and Texas with its Bus. & Com. Code Ann. § 503.001 strictly regulate the use, revelation, and the final destruction of biometric data by a private entity. The state of Illinois compels such entities to develop written policies describing their biometric data collection methods.

Use of fingerprint access control in government and commercial sector has contributed immensely to industry growth. Need for security is one of the key factors driving market demand. Multimodal biometrics based products have enticed popularity specifically in passport and e-IDs verification systems.

U.S. Fingerprint Access Control Systems Market By Product, 2014- 2024 (USD Million)

Browse full research report on fingerprint access control systems market: http://www.grandviewresearch.com/industry-analysis/fingerprint-access-control-systems-market

Further key findings from the report suggest:

• The optical product segment dominated the industry with overall revenue share of over 38% in 2015. Optical access control provides larger sensing area, better image quality, higher resolution, and robust operations. However, capacitive is a recent technology and is relatively cheaper than optical sensors. It can be embedded into smaller devices and are prone to dirt. Owing to these features the segment is expected to witness significant growth with a CAGR of nearly 18.0% over the forecast period.
• Commercial and government applications segment have high penetration rate and captured over 50% of the revenue share in 2015 to strengthen internal and external security. Government sector is among the early adopters of biometrics technologies such as fingerprint and iris scanning and currently represents the significant end-user of the technology.
• BFSI sector is anticipated to grow rapidly with the significant CAGR of over 21% from 2016 to 2024.Proliferation of mobile devices such as smartphones with fingerprint authentication capability has paved the way for mobile logon. Banks and other financial organizations now offer biometric login facility for their mobile banking apps to ensure the authorized transactions. Biometric modalities offer a secure way to authenticate user identity and shield against cybercrime.
• North America is estimated to be a major regional segment with over 34% of the overall revenue share in 2015. However, Asia Pacific and MEA are expected to grow at a considerable rate owing to the increasing penetration of smartphones and favorable government regulations. Increasing terror activities and crime rate globally have generated the need for added security and control measures. Technological advancements and government initiatives towards access control is expected to drive the industry growth over the next eight years.
• The key industry players in the fingerprint access control market include 3M Cogent, Anviz Global, Cross Match Technologies Inc., ViRDI Tech, Daon Inc., Entertech Systems, Hitachi Omron Terminal Solutions, IDtech 360, NEC Corporation of America, Lockheed Martin Corporation, SecuGen Corportaion, Safran Group, Suprema Inc., Merkatum Corporation, Fingerprint Cards AB (FPC), Diamond Fortress Technologies, Aware, Inc., and ZKTeco. Owing to increasing penetration across several end-use industries such as healthcare and consumer electronics, manufacturers are developing unique solutions to address the needs of varying applications such as identity verification or mobile health monitoring.

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About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Increasing Adoption Of Hybrid And Electric Vehicles Is Expected To Drive Automotive Catalytic Converter Market Till 2024: Grand View Research, Inc.

The global automotive catalytic converter market size is expected to reach USD 272.95 billion by 2024 according to a new report by Grand View Research, Inc.

In 2015, the global automotive industry experienced a relatively strong growth and profitability, with annual sales reaching pre-recession levels, especially in the U.S., China, India, Japan, and South Korea. This is anticipated to favorably impact the global automotive catalytic converter market over the forecast period. Stringent emission norms by governments and regulatory authorities worldwide have further strengthened industry growth.

Catalytic converters are constituted of precious metals such as platinum, palladium, or rhodium. These metals are used as catalysts and are enclosed in a muffler-like package, which is attached at the exhaust end. Researchers are increasingly working towards the development of advanced catalytic converters that extensively reduce the toxicity of the exhaust emissions as well as improve vehicle fuel efficiency.

However, high R&D costs pertaining to the development of innovative and efficient converters is expected impede industry growth over the next eight years. Moreover, increasing adoption of hybrid and electric vehicles is expected to challenge market growth.

North America automotive catalytic converter market revenue by product, 2014 - 2024 (USD Billion)

Browse full research report on Automotive Catalytic Converter Market: http://www.grandviewresearch.com/industry-analysis/automotive-catalytic-converter-market

Further key findings from the report suggest:

• Three-way oxidation-reduction catalytic converters have a value addition over their two-way catalyst counterparts as they perform three simultaneous chemical conversions. They carry out the oxidation of carbon monoxide & un-burnt hydrocarbons to water &carbon dioxide, along with the conversion of oxides of nitrogen to nitrogen &oxygen. Three-way type converters accounted for over 35% of the industry share and are expected to maintain their dominance over the forecast period.
• Diesel oxidation catalyst converters are exclusively used in diesel engine vehicles and are expected to witness a steady demand over the forecast period. They are equipped with diesel particulate filters in order to eliminate particulates from the exhaust emissions. Manufacturers and associations have stepped up their R&D activates to develop new, innovative products such as the four-way catalytic converter.
• Platinum tends to be a good oxidation catalyst as a result of which it was extensively used in such automobile components in the past. However, on account of the high cost associated with platinum, it is increasingly being replaced by palladium and rhodium. Rhodium exhibits greater efficiency towards the removal of toxic exhaust emissions and is thereby expected to witness a surge in demand over the next eight years. Rhodium accounted for over 40% of the industry demand and is presumed to continue its dominance over the forecast period.
• Stringent emission standards such as the Bharat Stage V & VI in India that are based on the European Standards EuroV and EuroVI have made installation of catalytic converters obligatory for automobile assemblers. This is done to inhibit the issue of harmful exhaust emissions. Europe dominated the global automotive catalytic converter industry contributing to over 30% of the global revenue in 2015. The presence of several prominent automotive manufacturers in Europe is expected to generate a steady demand in the region over the forecast period.
• Key industry participants include BASF Catalysts, Faurecia, Magneti Marelli, SMPE and Tenneco. Vendors are gradually adopting innovative distribution strategies such as e-commerce retailers and offer online catalogs apart from directly supplying to automobile assemblers.

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About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Grow Light Market Is Predicted To Grow At A 14.1% CAGR from 2014 to 2025: Grand View Research, Inc.

The global grow light market is anticipated to reach USD 8.64 billion by 2025, growing at a CAGR of 14.1%, according to a new report by Grand View Research, Inc. The increased use of vertical farming and indoor cultivation, for producing crops, is likely to spur the market demand over the forecast period. Grow light helps in extending the hours of the natural daylight which further increases the health, growth rate and yield of the plants. Artificial lighting, such as high-pressure sodium lighting, LED lighting and plasma lighting can extend the availability of crops throughout the season.

According to the UN, by 2050, around 80 percent of the world's population will live in cities. People continuously move into cities to get access to training, service, jobs, culture and entertainment and all the other things cities’ offer. This means that the demand for food is increasing in these areas at the same time as the availability of arable land around cities is very limited.

Artificial lighting helps in extending the hours of the natural daylight which further increases the health, growth rate and yield of the plants. Artificial lighting, such as high-pressure sodium lighting, LED lighting can extend the availability of crops (throughout a season). LED lighting systems produce dual-band color spectrum and generate low heat. They are anticipated to witness significant growth over the forecast period.

The U.S. government has increasingly started to legitimize cannabis plantation across various states. With this initiative, cannabis cultivation is on a verge to become a big business in some parts of the country. Cannabis growers prefer Controlled-Environment Agriculture (CEA) to enhance product quality and yield. This set up consumes a high amount of electricity. As government officials and power companies are trying to convert this into a green industry, they are encouraging the use of LEDs to reduce power consumption and greenhouse gas emissions.

U.S. grow light market, by technology, 2014 - 2025 

Browse full research report on Grow Light Market: http://www.grandviewresearch.com/industry-analysis/grow-light-market

Further key findings from the report suggest:

• The escalating urban population and lack of arable land around cities is expected to drive the market.
• The plasma technology segment is expected to portray high growth rate with a CAGR of 23.2% over the projected period
• New installations and replacement lights, increasing urban cultivation, increasing vertical farming and government initiatives are expected to be the drivers of the market over the forecast period.
• The Asia Pacific regional market is expected to have significant growth over the forecast period, owing to the technological advancement and commercial vertical farms
• The key players of the market include AeroFarms (U.S.), Everlight Electronics Co., Ltd. (Taiwan), and Gavita Holland bv (U.)

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About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Chatbot Market Is Anticipated To Grow At A 24.3% CAGR from 2014 to 2025: Grand View Research, Inc.

The global chatbot market is expected to reach USD 1.25 billion by 2025, growing at a CAGR of 24.3%, according to a new report by Grand View Research, Inc. The chatbot industry is expected to witness significant growth over the forecast period as they enable enterprises to substantially reduce operating costs. Additionally, innovations in artificial intelligence and machine learning technologies are likely to enhance the features of chatbots, which acts as a major driver for the market.

A significant rise has been observed in the number of users of messaging services, which is expected to surpass the number of users of social networking sites. Additionally, there has been a significant development in the NLP field, which has resulted in streamlined interactions between computers and human languages. The entire chatbot ecosystem comprises various cross-linking features, which facilitates enhanced performance of chatbots in all application. Most companies prefer in-built chatbots on their websites as they facilitate enterprises in providing instant customer interaction. For instance, Slack and Twitter messaging platforms are preferred by majority businesses.

North America is expected to emerge as the major region for the chatbot market over the forecast period. The growth in this region is mainly attributed to the increasing deployment of chatbots in various business verticals. Technologies such as artificial intelligence, IoT, and APIs, among others, are evolving at a rapid speed. Chatbots are integrated with these technologies to offer enhanced operations, thereby driving market demand. Artificial intelligence and audio speech-based chatbots are expected to account for the largest market share in future. Additionally, speech recognition has improved drastically, especially in terms of native languages, which is expected to result in enhanced performance of chatbots in various applications.

Browse full research report on Ceramic Coating Market: http://www.grandviewresearch.com/industry-analysis/chatbot-market

Further key findings from the report suggest:

• Chatbots find various applications in e-commerce, healthcare, and BFSI sectors. Large enterprise emerged as the largest end-user segment in 2016 and is estimated to register a CAGR of 24.2% over the forecast period.
• The bots for marketing segment is expected to witness the largest growth over the forecast period as these chatbots can connect the customers directly to service providers.
• The standalone segment is estimated to grow at a CAGR of 24.8% over the forecast period.
• The Asia Pacific market is projected to witness substantial growth over the next decade owing to various technological developments across major economies. The regional market is expected to grow at a CAGR of 24.7 % from 2017 to 2025.

• Key participants in the chatbot industry include Baidu, Poncho, Kik, WeChat, Varo Money Inc., Babylon Health, ReplyYes, and SRI International. Chatbots have found wide applications in large enterprises as they enable better understanding of consumer behavior with the help of machine learning.

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About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

3D Printing Market To Experience Lucrative Growth Due To Increasing R&D Activities In The Three-Dimensional Printing Industry Till 2025: Grand View Research, Inc.

The global 3D printing (3DP) market is estimated to reach USD 23.79 billion by 2025, according to the new report conducted by Grand View Research, Inc. This technology is also called Additive Manufacturing (AM), is referred to as a procedure that produces parts through the successive addition of layers of materials in various 2D shapes. The layered 2D shapes are built upon one another to form a three-dimensional object. The process is different from the subtractive method of production where one begins with a block of material and grinds out unnecessary materials to obtain the desired final shape of the object.

The industry is well-established in the industrial sector owing to enhanced product manufacturing and time required for a product to reach the market. This technology is widely adopted in the industrial vertical, which is expected to lead to the largest market share of 3D printers in industrial applications. Additive manufacturing, which is the industrial version of three-dimensional printing, is anticipated to reach maturity over the forecast period.

However, desktop 3D printing is likely to hold a promising future owing to the growing popularity of the technology among hobbyists, innovators, and the education sector for technical training and domestic/personal uses. The technology is expected to be highly touted for its economic advantages rather than being perceived as a labor-intensive industrial manufacturing technique. Local shops that install 3D printers and offer 3D printing materials, filaments, 3D modeling, and 3D printer software have become an alternative business model, especially in developing economies such as Brazil, South Africa, and India.

The market is fragmented into three major application areas, namely prototyping, tooling, and functional part manufacturing. Apart from the industrial vertical, the automotive, healthcare, and aerospace & defense verticals are the strong adopters of the technology. Manufacturers in these verticals emphasize on the accuracy of operations, enhancement in product designing, and reliability offered by the parts, coupled with the time required for the product to arrive the market and expenditures involved in the production. Benefits offered by the technology are expected to lead to increased applications in these industry verticals in future as well. Moreover, factors such as intensive R&D along with heavy investments carried out by the public and private sectors are expected to result in numerous advancements in 3D printers and related technologies, owing to active government funding and initiatives carried out by developed economies.

North America held majority of the market share in 2016, accounting for more than 35.0%. The large market share is attributed to the extensive adoption of 3D printers for 3D designing, 3D modeling, and 3D manufacturing of objects in several sectors. The Asia Pacific region has significantly emerged as a large manufacturing hub on account of the presence of a huge consumer base and surplus foreign investments in the region, thereby portraying a remarkable growth over the estimated duration.

3D printing is a capital-intensive technology and bears a few disadvantages, such as misconceptions among manufacturers about prototyping. Furthermore, the market currently lacks standard process controls and skilled workforce. These factors currently hamper the market growth; however, they are anticipated to be overcome over time owing to increasing government initiatives and growing awareness among individuals regarding the benefits of 3D printers.

U.S. 3D printing market by vertical, 2014 - 2025 (USD Million)

Browse full research report on 3D Printing Market: http://www.grandviewresearch.com/industry-analysis/3d-printing-industry-analysis

Further key findings from the report suggest:

• 3D printing is gaining interest among individuals owing to benefits such as accurate and rapid prototyping along with the optimized time-to-market factors.
• The increasing application of 3D printers in automotive, healthcare, and aerospace & defense verticals are also expected to significantly drive market growth over the forecast period.
• Desktop printers are expected to gain noticeable attention over the forecast period on account of increasing popularity among researchers, hobbyists, small enterprises, personal users in domestic applications, and in the educational sector for training purposes.
• The prototyping application segment dominated the market in 2016 and is projected to continue dominating in future as well, accounting for a considerable market share by 2025.
• The others vertical segment, which includes imitation & jewelry, clothing, construction & engineering, architecture, toys, footwear, and so on, is expected to witness an extensive adoption of 3D printers for manufacturing goods & structures over the forecast period.
• The Asia Pacific market is predicted to showcase a significant rise on account of increasing applications in the automotive, consumer electronics, infrastructure, urbanization, military & defense, and healthcare sectors, among others, especially in countries such as China, Japan, South Korea, Taiwan, and India.
• Prominent players in the industry include Stratasys Ltd., 3D Systems, Inc., 3D Ceram, GE Additive, HP Inc., Tiertime, Dassault Systemes, Made In Space, and Voxeljet AG.

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About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Artificial Intelligence Market Worth USD 35,870 Million By 2025: Grand View Research, Inc.

The global artificial intelligence market is expected to reach USD 35,870.0 million by 2025 from its direct revenue sources, growing at a CAGR of 57.2% from 2017 to 2025, whereas it is expected to garner around USD 58,975.4 million by 2025 from its enabled revenue arenas, according to a new report by Grand View Research, Inc.

Artificial Intelligence (AI) is considered to be the next stupendous technological development, alike past developments such as the revolution of industries, the computer era, and the emergence of smartphone technology. The North American region is expected to dominate the industry due to the availability of high government funding, the presence of leading players, and strong technical base.

Advances in image and voice recognition are driving the growth of the artificial intelligence market as improved image recognition technology is critical to offer enhanced drones, self-driving cars, and robotics. The AI market can be categorized based on solutions, technologies, end use, and geography.

The two major factors enabling market growth are emerging AI technologies and growth in big data espousal. The growing prominence of artificial intelligence is enabling new players to venture into the market by offering niche application-specific solutions. Furthermore, companies are also engaging in industry consolidations in a bid to gain competitive advantages. For instance, in January 2017, Microsoft Corporation acquired Maluuba for advancing in the deep learning and Artificial Intelligence (AI) landscape. Existing solution providers are innovating their product portfolio to include both hardware and software solutions.

The Asia Pacific regional market is expected to be the fastest-growing market, owing to the rapid improvements in information storage capacity, high computing power, and parallel processing, which have contributed to the swift uptake of artificial intelligence technology in end-use industries such as automotive and healthcare.

AI has the potential to reduce the burden on clinicians and provide an efficient tool to workforces for accomplishing their tasks in a better way. For instance, AI voice-enabled symptom checkers can better access a situation and assist patients to the emergency department when immediate treatment is required. AI is expected to resolve around 20% of unmet healthcare demands.

 Artificial Intelligence - Direct & Enabled Revenue, 2014 - 2025 (USD Million)

Browse full research report on Artificial Intelligence Market: http://www.grandviewresearch.com/industry-analysis/artificial-intelligence-ai-market

Further key findings from the report suggest:

Growth in the volume of data being generated from different end-use industries is expected to provide traction to the technology adoption

The increasing adoption of image and pattern recognition in the Asia-Pacific region is expected to provide new growth opportunities over the forecast period.

The North America region is one of the early adopters of advanced technologies and renders organizations to adopt artificial intelligence capabilities at a faster pace.

The increasing amount of digital data (in the form of speech, videos, and images, from different social media sources such as IoT and consumer analytics) is driving the need for data mining and analytics. AI is extensively used by several media and online services such as Google Assistant, dialogue and voice recognition of Siri, Microsoft Cortana, image classification in Facebook & Google Photo, and Amazon’s Alexa.

The key industry participants include Atomwise, Inc., Lifegraph, Sense.ly, Inc., Zebra Medical Vision, Inc., Baidu, Inc., H2O ai, IBM Watson Health, NVIDIA, Enlitic, Inc., Google, Inc., Intel Corporation, and Microsoft Corporation. 

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About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Augmented Reality Market To Witness Growth Owing To Advances In Hardware Technologies & Sophisticated Mobile Software till 2024: Grand View Research

The augmented reality (AR) Market size is expected to reach USD 100.24 billion by 2024, according to a new report by Grand View Research, Inc. The AR market is expected to witness a substantial growth owing to advances in hardware technologies and sophisticated mobile software.

Emerging trends such as mounting convergence between wearable devices, AR, and Internet of Things (IoT) are anticipated to drive demand. The convergence amongst these technologies is expected to provide more interactive and immersive user experience.

AR has been used efficiently in marketing and PR initiatives for television, motion picture and other media promotional campaigns. Hence, growing adoption of AR technology by the entertainment sector is projected to drive the market over the forecast period.

Rising conceptualization in entertainment-related plans is observed as a lucrative opportunity for the industry. For example, Magic Leap, an augmented reality company, is developing a technology called as Dynamic Digitized Lightfield Signal that shines on the retina of the user and allows interaction between fictional characters and the real world.

Asia Pacific Augmented Reality Market Revenue by Component, 2014 - 2024 (USD Million)

Browse full research report on Augmented Reality Market: http://www.grandviewresearch.com/industry-analysis/augmented-reality-market

Further key findings from the report suggest:

• The hardware segment is estimated to grow at a CAGR of over 90% over the forecast period. Companies such as Sony and Microsoft are expected to commercialize their devices in 2016, which is expected to bolster growth over the forecast period. Further, several companies are working on enhancing the quality of sensors and processors used in AR devices. For instance, Google has collaborated with the chip manufacturers to build camera components and processors for Android phones.
• Increasing penetration of smartphones and tablets are expected to drive the software segment, growing at a CAGR of over 55% from 2016 to 2024. Increasing demand for AR apps in retail, gaming and entertainment is expected to contribute to the industry growth.
• The head-mounted display (HMD) segment is anticipated to dominate the market growing at a CAGR of nearly 70%from 2016 to 2024. It can be attributed to the increasing scope of applications across the military, medicine, scientific visualization, manufacturing, education, training, navigation, and entertainment. The other factors driving demand include better content connectivity, enhanced user-experience and improved Field of View (FOV).
• The adoption of smart glasses is expected to increase significantly in the consumer segment. Several companies are developing advanced smart glasses which are more user-friendly, light weight and offer better FOV.
• Automotive sectors expected to grow at CAGR of over 70% over the forecast period. Virtual technologies are increasingly used in automotive in response to the rising number of model and equipment variants in the vehicle design and development process. For instance, Volkswagen used spatial AR to put across virtual data onto the actual vehicle design models that allow the analyses of components. As a result, it saves time and cost required for product development.
• Asia Pacific AR market is estimated to reach over USD 44.30 billion by 2024. China is anticipated to drive regional growth with the increase in adoption of AR devices and mobile apps. In 2014, China witnessed a rapid enhancement in hardware manufacturing, as a result, several chipset manufacturers are planning to support AR technology by immensely investing in the technology.
• The key industry participants include AU Optronics Corp., Cambridge Display Technology Ltd., LG Display Co., Mitsubishi Electric Corporation, Panasonic Corporation, Sony Corp., and Toshiba Corp. The players engage in frequent merger & acquisitions to increase their product portfolio and geographical presence to gain competitive advantage.
• technical cum financial partnerships with larger players in an attempt to expedite R&D

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About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Satellite Payloads Market To Witness Growth Rapidly Due To Enhanced Application Scope In Military, Navigation, And Commercial Till 2025: Grand View Research, Inc.

The global satellite payload market is expected to reach USD 21.8 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 7.9%over the forecast period, owing to Increased government spending in space exploration activities is expected to boost the market growth over the forecast period. 

The growing popularity of communication and broadcasting services including pay TV and Over-The-Top (OTT) have led providers to develop advanced payload systems. Moreover, the increased penetration of payloads in the commercial sector is expected to propel the market demand.

The market is expected to witness significant growth as there has been a great rise in the ordering and manufacturing of vast constellations of satellites for earth observation and telecommunication. Incremental improvements in launch operations and vehicle design are enabling a reduction in time for the manufacturing of payloads. Moreover, the evolution of small satellites is leading to the production of smaller payloads to reduce launch costs.

The need for geospatial tracking and positioning in the commercial sector is expected to drive the demand for satellite payloads over the forecast period. The emergence of high throughput satellites has resulted in high data-rate satellite transmission capability, which in turn is creating new opportunities for enhanced applications such as military, navigation, and commercial.

U.S satellite payload market, by orbit, 2014 - 2025 (USD Billion)

Browse full research report on Satellite Payloads Market: http://www.grandviewresearch.com/industry-analysis/satellite-payloads-market

Further key findings from the report suggest:

• The remote sensing segment is expected to grow at a CAGR of over 8.0% over the forecast period as it is expected to emerge as a viable platform in the agriculture and mining sectors
• The Low Earth Orbit (LEO) segment is expected to be the fastest-growing segment; this growth can be attributed to its increased demand in earth observation and imaging applications
• The commercial segment is expected to grow at the fastest CAGR of over 9% from 2017 to 2025. Growing advancements including channelization, space-based inflatable reflector antenna, multi-beam antenna, and internet routers are expected to propel the demand for commercial satellite payloads.
• The Asia Pacific satellite payload market is expected to account for a revenue share of over 30% by 2025, with the increase in the number of satellite launches and government spending in space research contributing to the regional demand
• The key players in the industry include Airbus S.A.S., Harris Corporation, Lockheed Martin Corporation, Honeywell International Inc., and The Boeing Company

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About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Lidar Market Is Projected To Reach $1.34 Billion By 2024: Grand View Research, Inc.

The global LiDAR market is expected to reach USD 1.34 billion by 2024, according to a new report by Grand View Research, Inc. The surging acceptance in environmental mapping and automobile safety application arenas is expected to boost the market growth. The increasing acceptance in the construction and architectural segment for monitoring & 3D-modeling applications is further anticipated to bolster the market growth.

The market can be categorized on the basis of application types into corridor mapping, engineering, environment, exploration, Advanced Driver Assistance Systems (ADAS) & others. The ADAS application segment is expected to grow at a remarkable pace owing to the surging incorporation in automotive safety and forward-collision avoidance systems; for instance, in Automatic Emergency Braking (AEB) systems to reduce the number of car crashes.

In July 2016, Velodyne LiDAR (U.S.) announced a partnership agreement with Dibotics (France), a Paris-based pioneer in the infrastructure-less and GPS-denied navigation. Dibotics would be providing consulting services to Velodyne customers in the 3D SLAM software segment, where the company would make contributions to the Dibotics platform in augmenting its technology deployed with Velodyne’s 3D LiDAR sensors.

North America Lidar Market Revenue By Product Type, 2014 - 2024 (USD Million)

Browse full research report on Lidar Market: http://www.grandviewresearch.com/industry-analysis/lidar-light-detection-and-ranging-market

Further key findings from the report suggest:

• The global LiDAR market is estimated to grow significantly over the forecast period due to automation in numerous industries, leading to reduced human efforts and increased efficiency. The technological superiority of LiDAR and several engineering projects of the large magnitude are estimated to trigger the demand by 2024.
• Airborne systems are expected to remain the dominant product segment over the forecast period. The segment is anticipated to gain prominence over the forecast period on account of the surging adoption of aerial mapping devices. Mobile terrestrial scanning is a frequently preferred survey method in monitoring, conservative topography, and geospatial mapping. UAV systems, also popularly known as drone mappers, are a contemporary mapping technique that incorporates LiDAR devices mounted on a drone to conduct scanning & associated mapping operations.
• North America is expected to emerge as one of the leading regional markets owing to the rising R&D spending coupled with high adoption in the automotive sector and environmental scanning & modeling operations. Asia Pacific is expected to witness a substantial growth over the forecast period. The surge in the demand across the product segments is expected to spur the market demand.
• The key industry participants include Velodyne LiDAR, Inc., Leica Geosystems Holdings AG, Faro Technologies Inc., Trimble Navigation Limited, and RIEGL USA Inc. The current market environment is witnessing an intense competition between the key players for achieving the market domination via product differentiation and enhancement of quality.

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About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Messaging Security Market To Witness Growth Rapidly Due To Increasing Adoption Of Mobile Devices Till 2025: Grand View Research, Inc.

The global messaging security market is expected to reach USD 11.10 billion by 2025, according to a new study by Grand View Research, Inc. The market is expected to witness a CAGR of 13.7% over the forecast period, owing to increasing demand for cloud-based secure messaging products and solutions is driving the growth of the market. This can be attributed to the increasing popularity of Software-as-a-Service (SaaS) and virtual appliance based solutions

Organizations are increasingly utilizing instant messaging applications for external and internal communication, as they are a faster and cheaper mode of communication. However, with the accelerating adoption of this mode of communication, it becomes increasingly important to secure the messaging infrastructure as the communication environment is no longer secure. Hence, it is highly vulnerable to external threats.

Moreover, the increasing adoption of mobile devices is acting as another key driving factor contributing to the market growth. The accelerating demand for mobile devices for smoother communication amongst enterprises and its employees, through a network protected against threats, is paving the way for the adoption of secure messaging solutions and thus, facilitating secure access to critical enterprise information.

U.S. messaging security market, by product, 2014 - 2025 (USD Million)

Browse full research report on Messaging Security Market: http://www.grandviewresearch.com/industry-analysis/messaging-security-market

Further key findings from the report suggest:

• The email protection segment dominated the product segment in 2016. Emails act as an important source of storing critical information. However, their high vulnerability to virus and spam attacks necessitates the application of security solutions to safeguard emails against threats
• Cloud deployment is anticipated to become the preferred option of deployment for messaging security products and solutions, as it offers greater flexibility, convenience, accessibility, and easy maintenance
• The corporate segment is expected to find the highest application in the next eight years. Corporates possess large amounts of critical data that is required to be safeguarded against external and internal threats
• North America accounted for the largest share in 2016 owing to presence of prominent market players in this region, who are continuously working on developing new innovative technologies
• The Asia Pacific regional market is expected to experience the highest growth over the next eight years. This can be attributed to the presence of emerging economies such as India, China, and Australia that are expected to augment their expenditure on security infrastructure
• The list of key industry participants includes Cisco Systems, Inc., Symantec Corp., Trend Micro Inc., McAfee LLC, Barracuda Networks, Inc., Proofpoint, Inc., Panda Security, Clearswift, Forcepoint LLC, and Sophos Ltd.

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-messaging-security-market  

                                                   

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Wireless Mesh Network (WMN) Market To Gain Demand Quickly Due To Growing Usage Of Artificial Intelligence & Iot Till 2025: Grand View Research, Inc.

The global wireless mesh network (WMN) market is expected to reach USD 11.13 billion by 2025, according to a new report by Grand View Research, Inc. The increasing adoption of the wireless communication medium and the usage of artificial intelligence and IoT has been a major factor driving the global market growth. In addition, the growing opportunities in oil & gas industries and the development of smart cities and infrastructure have led to the increased adoption of WMN. 

The wireless mesh network enables citywide public Wi-Fi that in turn improves the delivery of urban services. It is forecasted that wireless devices would account for two-thirds of the IP traffic and almost all households would have broadband services. In cities, WMN could solve the congestion problem with traffic management solutions where traffic data is analyzed and pre-emptive solutions are provided for free-flowing traffic.

The oil & gas segment would be the fastest-growing segment of end-use applications over the forecast period. The education segment would be the lowest-developing segment in wireless mesh network market over the forecast period at a CAGR of 7.2%.

The video surveillance segment is expected to observe the fastest growth over the next eight years with an estimated CAGR of around 10.1%. Wireless mesh network improves coverage, structural flexibility, and multi-hop high-speed short distance transmission capability of video surveillance systems.In addition, it is estimated that the Asia Pacific region will witness an increasing usage of wireless mesh network.

U.S. Wireless Mesh Network market, by radio frequency, 2016 (%)

Browse full research report on Wireless Mesh Network (WMN) Market: http://www.grandviewresearch.com/industry-analysis/wireless-mesh-network-wmn-market

Further key findings from the report suggest:

• The global demand for WMN exceeded USD 5,281.6 million in 2016 and the market is expected to grow at a CAGR of 8.8% over the forecast period.
• The 2.4 GHz band segment dominated the market in 2016 and is estimated to generate revenue over USD 4.44 billion by 2025.
• The disaster management and rescue operations segment was valued at USD 1,372.9 million in 2016 and is anticipated to witness high growth over the next eight years.
• The smart cities & smart warehouses segment market in WMN was USD 1,087.3 million in 2016 and is estimated to reach USD 2,561.6 million by 2025.
• The Asia Pacific regional market is projected to witness substantial growth over the next eight years owing to the increasing number of smart city projects. The regional market and is expected to attain USD 2,907.1 million by 2025, growing at a CAGR of 7.1%.
• Key players including Cisco Systems, Inc., Aruba Networks Inc., Ruckus Wireless, Inc., and Firetide, Inc. dominated the global WMN market in 2016.

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-wireless-mesh-network-wmn-market      

                                            

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Cellular IoT Market Is Anticipated To Grow At A 21.4% CAGR from 2014 to 2025: Grand View Research, Inc.

The global cellular IoT market is expected to reach USD 9.65 billion by 2025, according to a new study by Grand View Research, Inc. The hype around Internet of Things (IoT) and its tremendous potential to revolutionize machine-to-machine and machine-to-human communications has reached its peak, owing to which numerous technology vendors are prodding different variants of emerging technologies to capitalize on this opportunity. With increased pervasiveness of cellular connectivity and the ready availability of its extensive networks, mobile broadband is anticipated to gain unprecedented significance in IoT.

An important aspect of the growth of cellular IoT is its ability to leverage mobility and range as compared to other IoT access methods, which can be the major differentiating factor over its contemporary service delivery techniques. In addition, cellular networks operate on the existing network infrastructure and offer reliable and quality services with assured security, which would play a vital role in their adoption in both industrial and consumer applications.

While cellular IoT primarily operates on the LTE technology, the emergence of other Low Power Wide Area Networks (LPWAN), such as LoRA and SigFox, and comparatively higher costs of cellular modules may hinder the market growth in the next couple of years. The role played by emerging technologies such as NarrowBand-IoT and NarrowBand-LTE-M will be instrumental in the hustle for gaining M2M market share. These technologies are specifically designed for IoT applications and are on the verge of commercialization with numerous pilot projects being launched in different parts of the world.

Cellular IoT offers numerous advantages such as broader coverage, deep indoor penetration, and smaller module size, owing to which it is largely preferred in high-density deployments. This is also expected to aid in the increased adoption of the technology over the next decade. Furthermore, cellular technologies, especially LTE, are supported and backed by a consortium of established industry players and various organizations such as 3^rd Generation Partnership Project (3GPP) and Global System for Mobile Association (GSMA), which is expected to boost the market growth in the coming years.

U.S. cellular IoT market, by type, 2014 - 2025 (USD Million)

Browse full research report on Cellular IoT Market: http://www.grandviewresearch.com/industry-analysis/cellular-iot-market

Further key findings from the report suggest:

• North America is expected to maintain its dominant position in the global market owing to a greater penetration of next-generation LTE technologies, especially in the U.S.
• 2G holds the largest market share in terms of revenue generated; however, it is expected to gradually lose its share to emerging technologies, such as 4G, LTE-M, and NB-IoT. An interesting factor about the competing technologies, is the way in which these technologies operate in relation to each other (LTE-M vs NB-LTE-M vs NB-IoT) and whether they act as complementary or rival technologies in IoT
• Standard bodies, including 3GPP, are actively promoting the usage of cellular IoT technology and network transformation in broadband connectivity, which is expected to drive market growth and standardization over the forecast period.
• Remote monitoring, cloud connectivity, predictive maintenance, remote operation, and remote maintenance are some of the major applications being commercialized in different end-use industries.
• Numerous applications of cellular IoT are anticipated to be the most important growth driver for the market with a phenomenal increase in device shipments over the forecast period.

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-cellular-internet-of-thing-iot-market    

                                             

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Knowledge Process Outsourcing Market Hits USD 124.29 Billion By 2025: By Grand View Research, Inc.

The global knowledge process outsourcing (KPO) market is expected to reach USD 124.29 billion by 2025, according to a new report by Grand View Research, Inc. The outsourcing of knowledge processes facilitates the maximum utilization of resources at much lower costs. In addition, growing opportunities in legal process outsourcing and increasing applications in the IT & telecom, healthcare, and pharmaceutical segments are driving the market growth.

The presence of a large pool of resources in emerging economies is resulting in the growth of knowledge process outsourcing firms. Currently, companies prefer outsourcing work that involves critical processes and a large amount of time so that they can employ their resources in other revenue-generating tasks, which, in turn, saves the time and money of organizations.

The IT and telecom segment is expected to grow at a faster rate with a CAGR of 20.8% over the forecast period. Increasing data in the IT and telecom industries is resulting in larger usage of analytical tools and R&D in the field to extract useful information thereby resulting in growth of the market over the years.

The engineering and design segment has a large market share and is valued at USD 5.53 billion. Owing to technological advancement in the engineering sector, there is a high demand for outsourcing the designing part of the components.  The Latin American region is expected to witness the fastest growth in the global KPO market due to the increasing emphasis laid on research and analysis of data by many large and medium size companies present in the region.

U.S. Knowledge Process Outsourcing (KPO) market, by service, 2014 - 2025 (USD Million)

Browse full research report on Knowledge Process Outsourcing Market: http://www.grandviewresearch.com/industry-analysis/knowledge-process-outsourcing-kpo-market

Further key findings from the report suggest:

• The analytics & market research segment dominated the market in 2016 and is estimated to generate a revenue of over USD 45.18 billion by 2025. The growing data over the globe has resulted in increasing demand for analytical tools and market research to segregate useful information from the massive chunk of available raw data
• The legal process outsourcing segment is anticipated to witness the fastest growth at a CAGR of 21.5% over the forecast period. Many companies outsource their legal tasks to experts in order to reduce time and costs incurred.
• The BFSI segment was valued at USD 9.66 billion in 2016 and is estimated to reach USD 37.94 billion by 2025.Increasing concerns for revenue cycle and managing the customer data requires lot of time and hence companies in this segment are outsourcing these tasks
• The industry in Latin America is projected to witness a substantial growth over the forecast period, which is attributed to the increasing number of skilled workforce. The regional market is expected to attain USD 9.13 billion by 2025
• Key players including McKinsey & Company, Moody’s Corporation, ExlService Holdings, Inc., Wipro Ltd., and HCL Technologies Ltd. dominate the global knowledge process outsourcing market

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-knowledge-process-outsourcing-kpo-market      

                                          

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com