Vehicle Security System Market - Global Industry Analysis Trends and Forecast 2016 – 2024

Global Vehicle Security System Market: Overview

The global vehicle security system market is projected to grow at a robust pace between 2016 and 2024. Globally, the demand for hybrid vehicles has risen considerably, boosting vehicle manufacturing worldwide. Due to increase in the sales and production of vehicles, instances of hijacking and car theft have also increased. This, in turn, is fuelling the demand for vehicle security systems.

Vehicle security systems such as alarms, central locking, remote keyless entry, passive entry systems, and immobilizers are designed to protect cars from hijacking or theft. Recent technologies such as RFID, GPS, and RTLS have also come to into use for tracking down stolen cars. Regionally, Asia Pacific has been showing attractive opportunities for the market, trailed by North America and Europe. Growing awareness about vehicle safety and the increasing installation of state-of-the-art safety gadgets in vehicles have been driving the global vehicle security system market.

The report provides a comprehensive overview of the global vehicle security system market. It covers the prevailing trends influencing the market and its growth prospects between 2016 and 2024. Revenue generated from the sale of vehicles across various categories has been considered in order to calculate the market’s size. The report also compiles exhaustive information relating to the impact of the latest technological advancements in market. Some of the leading enterprises operating in the market are also profiled in the report to present a holistic overview of the competitive landscape.

Global Vehicle Security System Market: Opportunities and Market Segmentation

Based on vehicle type, the global vehicle security system market can be segmented into commercial vehicles, passenger vehicles, and off-highway vehicles. On the basis of product type, the market is expected to witness increasing demand for immobilizers and remote keyless entry. In terms of technology, the market can be segmented into global positioning systems, real-time location systems, face detection systems, and GPS. Of these, the demand for face detection and face positioning systems is expected to increase at a robust pace.

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Regionally, Asia Pacific is expected to emerge as the leading segment. The expansion of the automotive industry in China is expected to drive the Asia Pacific market for vehicle security systems. Despite witnessing robust growth around the world, the high cost of premium security features will restrain its growth to an extent. Additionally, irrespective of the utilities they offer to users, developing security features such as passive entry systems is a costly affair. This also reflects negatively on the overall market sales. This is mainly because developing these systems requires a customized approach for each vehicle model, besides a complex process of installation.

Nevertheless, the introduction of the latest technological advancements will provide lucrative opportunities for enterprises in the market to capitalize on. The pressing need to ensure adequate vehicle security to theft will also fuel demand from the global vehicle security system market.

Global Vehicle Security System Market: Competitive Insight

To study the competition prevailing in the market, the report also profiles companies such as Robert Bosch GmbH, Delphi Automotive, and Mitsubishi Electric. The products offered by these companies are driver assistance systems and components mainly for passenger and commercial vehicles. Using SWOT analysis, the report weighs out strengths and weaknesses of the companies profiled. The analysis also provides insights into the opportunities and threats that these companies could witness in the near future.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Auto Catalyst Market: Drivers and Restraints Forecast 2016 – 2024

Global Auto Catalyst Market: Overview

The global auto catalysts market has come into its own in the last few decades due to growing environmental awareness of the global population. Auto catalysts are substances used in automotive exhaust systems to convert automotive exhaust gases into less harmful substances. Automotive exhausts include various toxic and/or greenhouse gases such as oxides of nitrogen and sulfur. Auto catalysts react with these gases as they pass through the vehicle’s exhaust system and convert them into non-toxic and environmentally viable substances. The increasing public support for the protection of the environment is expected to drive the global auto catalyst market at a remarkable pace in the coming years.

The report presents a thorough look at the historical trajectory of the global auto catalyst market presenting a reliable database. Solid forecasts regarding the market’s development in the coming years are specified in the report. The global auto catalyst market is segmented according to key criteria providing the analysis of the segmentation of the market and its hierarchy therein. Major companies operating in the global auto catalyst market are also profiled in the report to provide detailed information of the market’s competitive landscape

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Global Auto Catalyst Market: Drivers and Restraints

Increasing environmental awareness among the population and governmental initiatives to reduce the impact of human activities on the environment are driving the global auto catalyst market. Reducing automobile emissions have long been considered important to environment conservation, which has been the strong undercurrent for use of auto catalysts in new-age automotive design.

The booming global automotive industry is another major driver for the auto catalysts market. The demand for vehicles in emerging economies has been boosted by the increasing purchasing power of consumers. Most modern cars have in-built exhaust purification units, increasing the demand of the auto catalysts market.

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Global Auto Catalyst Market: Regional Overview

Asia Pacific emerged as a major market for auto catalysts due to the increasing demand for cars from dynamic economies such as India, China, Thailand, Japan, Indonesia, and South Korea. Apart from the growing consumer base, these countries are becoming important manufacturers of vehicles in the last few years. This has elevated the Asia Pacific automotive market to the ranks of the established European and North American market, which has increased the influence held by the APAC automotive industry over global norms and regulations.

The China market for auto catalysts is particularly important for the global market due to the high volume of automobile production in China and the increasing demand for European luxury cars. The strict 5/v emission regulations in China are expected to be particularly beneficial for the APAC auto catalyst market in the coming years.

The North American market for auto catalysts is expected to exhibit steady growth due to the increasingly stringent environmental regulations being introduced in the U.S. and Canada. The EU has also put in place several regulations aimed at environmental conservation, which are expected to boost the regional auto catalyst market.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Vehicle Intelligence Systems Market: Effective functioning of vehicle intelligence systems on a real-time basis

Global Vehicle Intelligence Systems Market: Overview

The global vehicle intelligence systems market has been registering positive growth with the growing awareness about road safety. The development of vehicle intelligence systems has boosted the concept of driverless mobility. Vehicle intelligence systems are expected to shape the future of autonomous driving by improving collision avoidance, parking assistance, and emergency braking. 

On the basis of vehicle category, the global vehicle intelligence systems market can be segmented into commercial vehicles and passenger cars. The vehicle intelligence systems are mostly installed in premium and luxury cars owing to their high price. However, the commercial vehicles segment holds promising opportunities for the growth of the market during the forecast period. In terms of road scene understanding, vehicle intelligence systems can be categorized into road sign detection systems, night vision systems, road/lane tracking systems, and pedestrian detection systems. On the basis of advanced driver assistance and driver monitoring, vehicle intelligence systems are classified into blind spot detection systems, traffic jam assist systems, adaptive cruise control, alertness sensing systems, and park assist systems.     

Global Vehicle Intelligence Systems Market: Drivers and Restraints                             

Growing awareness about vehicle and driver safety has fuelled the demand for vehicle intelligence systems. The stringent safety regulations in the manufacturing of cars and the growing demand for luxury cars in the developing countries have supported the growth of the global vehicle intelligence systems market. The rising trend of autonomous/driverless cars is expected to augment the growth of the global vehicle intelligence systems market.

The high cost of vehicle intelligence systems is one of the major restraints in the growth of the global vehicle intelligence systems market. A vehicle intelligence system implements a number of technologies and a range of software-driven electronic components. As a result, the cost of development of the vehicle intelligence system increases. This has limited the installation of vehicle intelligence systems in premium or luxury cars. Furthermore, the effective functioning of vehicle intelligence systems on a real-time basis, coupled with high capital investment, remains a key challenge for market players.

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Global Vehicle Intelligence Systems Market: Region-wise Outlook                                            

The global vehicle intelligence market can be segmented into four key regions: North America, Europe, Asia Pacific, and Rest of the World. The market in Europe is expected to witness significant due to the presence of some of the major automotive players. In countries such as the U.K., Germany, and France, the demand for vehicle intelligence systems is anticipated to surge during the forecast period owing to the presence of auto manufacturers including Daimler AG, Volkswagen Group, BMW AG, and Audi AG. With the growing demand for premium and luxury vehicles across Europe, the region is projected to support the growth of key market players. In Asia Pacific, countries such as India, Japan, South Korea, and China are the key markets for the automotive industry. The growing demand for luxury vehicles, coupled with the rise in the automotive manufacturing facilities in the region, will play a key role in the market’s growth in the coming years.

As the focus on driverless cars grows, the key players in the global automotive industry are investing heavily in artificial intelligence in cars. For example, the Toyota Research Institute is targeting the development of a driver assistance system that integrates artificial intelligence to improve safety of vehicle. Some of the prominent players in the global vehicle intelligence systems market are Denso Corporation, Delphi Automotive PLC, Autoliv Inc., Magna International Inc., Robert Bosch GmbH, Mobileye NV, Infineon Technologies AG, Continental AG, Wabco Holdings Inc., and Valeo SA. The key players are focusing on partnerships and collaborations for product development and business expansion.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Special Mission Aircraft Market: Competitive dynamics of the market are examined by studying the operations of major players.

Global Special Mission Aircraft Market: Overview 

Special mission aircraft are versatile aircraft that can be used by all three sectors of the armed forces for various operations. Special mission aircraft are equipped with surveillance equipment to detect the movement of enemy units but usually lack major offensive weapons. In combat, special mission aircraft are mainly used to support the active combatants through surveillance and delivery of supplies. Maritime patrol is another major emerging application sector of the global special mission aircraft market.

The report examines the historical trajectory of the special mission aircraft market and presents solid forecasts for the market in the coming years. The major segments of the global special mission aircraft market are examined in the report to provide a granular overview. Reliable research techniques such as SWOT analysis and Porter’s five forces analysis are employed in the report, while the competitive dynamics of the market are examined by studying the operations of major players.

Global Special Mission Aircraft Market: Drivers and Restraints

One of the major drivers for the global special mission aircraft market is the increasing geopolitical tension around the world. Due to the growing amount of active engagement, the demand for special mission aircraft is growing due to the crucial role they play in supporting combatants.

Apart from engagements between two nations, the prime factor driving the global demand for special mission aircraft is the increasing need to curb illicit activities such as drug trafficking, piracy, and terrorism. The rise in the consumption of illicit drugs in developed countries has given rise to significant trafficking operations, which are also often connected to more serious evils and thus need to be curbed.

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Piracy is also becoming a serious concern, particularly in regions such as the Indian Ocean. For instance, Piracy in the waters of Somalia has become a major concern for trade operations in the Indian Ocean, apart from adding to the geopolitical tension in the Middle East and Eastern Africa. Marine patrol has thus become a major application segment of the global special mission aircraft market and is expected to exhibit increasing demand in the forecast period.

Global Special Mission Aircraft Market: Segmentation

By application, surveillance was the largest segment of the global special mission aircraft market. Apart from military operations, the demand for special mission aircraft in spotting oil spills and aiding recovery operations for the same is growing at a steady rate and is expected to become a major part of the global special mission aircraft market in the coming years. The air force accounted for the highest demand from the special mission aircraft market, followed by naval units.

Regionally, North America accounted for the highest share in the global special mission aircraft market in 2015. The dominant position of the North America market can be attributed to the high defense spending in the U.S., which has by far the largest air force in the world and thus operates the highest number of special mission aircraft. Japan and China are the other major national markets for special mission aircraft.

Pet Wearable Market: Upcoming revolution in wearable technology for pets will be medical diagnosis

Pet Wearable Market: Overview

More companies in the technology industry are now seeking to diversify into pet gear or pet wearables. As per the American Pet Products Association, globally, approximately US$ 60 Bn is spent on pets annually. A number of gadgets, such as Wi-Fi-connected cameras allowing the remote monitoring of pets and various wearable trackers, are gaining traction. Thus, rising awareness about the identification and tracking, remote monitoring, behavior control, and monitoring of pets are predicted to propel the demand for pet wearables.

The upcoming revolution in wearable technology for pets will be medical diagnosis. This will include innovations and devices within animal medical care such as cooling, ultrasound, heating, and drug delivery.

This report evaluates the global pet wearable market and presents information and revenue estimations till 2024. The study encapsulates the leading players, market trends, supply chain trends, and future strategies in the global pet wearable market. An extensive market assessment across the key geographies of Europe, North America, Asia Pacific, and Rest of the World (RoW) has also been presented. The size of the market is evaluated on the basis of revenue generation through the sales figures of all the mentioned product segments within this report.

Pet Wearable Market: Drivers and Restraints

Rising awareness about behavior monitoring, identification and tracking, remote monitoring and control of pets is poised to drive the pet wearable market in the coming years. In addition, increasing expenditure on and demand for medical diagnostics for animals is predicted to propel the development of this market. Furthermore, the Internet of things (IoT) will have a positive impact on medical treatments and diagnosis of pets.

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However, factors such as the high consumption of power and design constraints may inhibit the demand for pet wearables in the coming years. Furthermore, the short durability of batteries and difficulties in complying with strict government regulations may also impede the growth of the market.

Pet Wearable Market: Technological and Application Insights

On the basis of technology, the global market can be segmented into GPS, RFID, and sensors. Of these, on the basis of revenue, RFID-based pet wearable devices are likely to represent a major share of the market in the forecast period. RFIDs help in storing data by using electromagnetic forces and then communicate the same data for interpretation by another device. Thus, this technology helps track real-time information for the purpose of medical diagnostics.

On the other hand, GPS-based pet wearable devices have also gained traction in the past few years. GPS providers have entered into strategic alliances with the manufacturers of mobile phones, application developers, and stores to expand the utilization of GPS within new application areas. The reasons for the dominance of GPS-based pet wearable devices are the rising adoption of smartphones, development of real-time positioning, and the increasing mapping portals globally.

By application, the pet wearable market can be segmented into behavior monitoring and control, identification and tracking, facilitation, medical diagnosis and treatment, and safety and security. Among these, by revenue, the identification and tracking applications constituted a significant share of the market in the past. On the other hand, the medical diagnosis and treatment segment is also predicted to exhibit a high growth rate from 2016 to 2024.

Pet Wearable Market: Regional and Competitive Outlook

Geographically, on the basis of revenue, the North America pet wearable market represented a strong growth rate in the past. This was due to the increasing proliferation of activity and fitness monitoring devices, telecommunication technologies, and an established wireless infrastructure here.  The Asia Pacific pet wearable market also represented a substantial share and is predicted to experience rapid growth in the forecast period due to the increasing penetration of IoT within the veterinary industry of this region.

In the forecasting horizon, the count of device manufacturers is predicted to increase to more than 500 (worldwide) owing to the unprecedented development of the global pet wearable market. The companies operating in this market are Whistle Labs Inc, PetPace LLC, i4C Innovations, DeLaval, Fitbark, Dairymaster, IceRobotics, Konectera, GEA Group Aktiengesellschaft, Loc8tor, Motorola, Nedap, Tractive, and Ridogulous Labs Inc.

In-Building Wireless Market is growing demand for smartphones and increasing data

Global In-Building Wireless Market: Overview

In-building wireless refers to communication solutions that are used to maintain connectivity inside a building where signals from the core infrastructure are not reachable. In-building wireless solutions are of keen interest to network providers that are seeking enhanced delivery of services to their core clients in the most demanding signal environment. The conventional distributed antenna systems (DAS) based in-building wireless has moved its main focus from providing good signal coverage inside a building towards increasing the capacity for bandwidth-consuming services such as data-centric services. Currently, several buildings and commercial areas are already availing in-building wireless solutions. In addition, various enterprises are adopting this solution to improve the connectivity and manage employees and labor. In order to keep up with the pace of contemporary technologies, customers want to communicate wirelessly without any drops in the communication. Further, it is expected that, over the coming years, in-building wireless connections will be readily available in airports, stadiums and other public places.

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Global In-Building Wireless Market: Drivers and Restraints

The growing demand for smartphones and increasing data usage by the customers are the major factors contributing to the growth of the in-building wireless market. Additionally, the customers’ demand for high availability of services with 100% connectivity is fuelling the growth of the in-building wireless market. Further, the companies in the market are expected to deploy LTE networks and develop small cells that run on 4G or LTE networks. However, the issues regarding interference, designing and installation are expected to pose challenges to the growth of the in-building wireless market. Additionally, the major problem with such systems would be the isolation and authentic use of the services offered with in-building wireless solutions.

High degree of security and energy efficiency are expected to bolster the global Li-Fi market

Global Li-Fi Market: Overview

The global Li-Fi market is expected to exhibit growth at a robust pace between 2016 and 2023. Massive bandwidth owing to the growing RF spectrum crunch, together with a high degree of security and energy efficiency are expected to bolster the global Li-Fi market.

While the features offered by Li-Fi and visible light communications (VLC) are quite similar, unlike the latter, Li-Fi does not require line-of-sight between receiver and transmitter. The technology offers data transfer at high speed due to the presence of lesser interferences and availability of large bandwidth over the network

. For instance, Li-Fi is capable of delivering the same, if not greater, data transfer speed as compared to a Wi-Fi access point.

Furthermore, internet video traffic is expected to grow considerably in the coming years, with video projected to contribute to a majority of consumer internet traffic. This increasing data production and usage will eventually spur demand for wireless optical networks and RF-based networks. These are prime factors that will aid the expansion of the Li-Fi market worldwide.

The report provides a granular analysis of the growth trajectory exhibited by the global Li-Fi market. The key factors encouraging the large-scale deployment of Wi-Fi are analyzed in detail. The factors that market players should guard themselves against are also evaluated in the report. Apart from examining the strengths of and opportunities for the leading market players, the report also presents insights into the threats and opportunities that they could face in the near future.

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Global Li-Fi Market: Key Opportunities and Threats

Increasing demand for applications in medical centers, hospitals, and schools will give considerable impetus to the global Li-Fi market. Since the technology involves visible light wavelengths and not radio waves, it is less likely to have negative effect on human health. Experts often compare Li-Fi to Free Space Optics (FSO) as it also utilizes light to transfer data.

The market is also significantly gaining from the rising adoption of LED worldwide due to benefits such as a longer life span, higher efficiency, and lower maintenance it offers. Several countries such as Japan, China, and the U.S. have already adopted initiatives for promoting energy conservation using LED lighting technology. For instance, the Chinese government is offering lucrative incentives, resources, and financial subsidies to promote the adoption of LED lighting across industries. Furthermore, it has also taken several steps to support and advance the capabilities of domestic LED manufacturers.

On the flip side, the lack of awareness about the benefits offered by the technology is negatively impacting Li-Fi market growth. Misconceptions such as Li-Fi being line-of-sight in nature are also expected to restrain market growth to an extent.

LiDAR Drone Market segment is expected to report the highest CAGR between 2016 and 2023.

Global LiDAR Drone Market: Overview

Governments and research institutions around the world are encouraging the adoption of LiDAR drones. This reflects positively on the year-on-year sales reported by the global LiDAR market. LiDAR drones are mainly used for enhancing automation and reducing dependence on human efforts. Some of the most common applications of LiDAR drone include archaeology, mapping, precision farming, entertainment, and construction.

Based on product type, the global LiDAR drone market can be bifurcated into fixed wing and rotary wing. Of these, the rotary wing LiDAR segment is expected to report the highest CAGR between 2016 and 2023. The robust demand that the segment has been witnessing is attributed to the compact size and cheaper price of rotary wing LiDAR as compared to fixed wing LiDAR. Additionally, the design of rotary wing LiDAR enables easy access to confined specs such as bridges and pipeline, due to which it is preferred for monitoring and inspection applications. A rotary wing LiDAR can fly both horizontally and vertically. It can also hover in a fixed position, which makes it best suited for high resolution video capturing and aerial photography.

The report provides a comprehensive analysis of the various factors that will have a positive impact on the global LiDAR market. An overview of major restraints threatening the market’s growth is also included in the report. To present insights into the prevailing vendor landscape, the report also includes the profiles of the leading companies operating in the market.

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Global LiDAR Drone Market: Key Opportunities and Threats

The global LiDAR market is also significantly gaining from the rising demand for laser scanners. These scanners exhibit high wavelength and are used for making clear 3D models for surveyed areas. Based on application, the corridor mapping segment has emerged dominant in the market due to rapid urbanization and increasing construction of highways, roadways, and railways.

Despite witnessing positive growth opportunities worldwide, the lack of skilled pilots is hampering the global LiDAR market to an extent. Unlike pilots for conventional aircrafts, drone pilots are required to ensure reliability of the entire system, which includes ground station, vehicle, and communication equipment. While drones do not carry passengers or on-board pilots, any human error while operating a drone could still prove disastrous.

Drone systems mainly rely more on autopilot, radio transmission, and computer technology than conventional airplanes. Hence, operating and maneuvering drones require a greater degree of knowledge and expertise because the accident rate in drones is much higher than in manned aircrafts. However, this issue can be resolved by designing advanced drones.

Top Drive Systems Market Trends Forecast 2016 – 2023

Top Drive Systems Market: Overview

Top drive is a mechanical system on a drilling rig that simplifies drilling of borehole for extraction of petroleum, gases and water. Top drive systems are used for mineral exploration, underground storage of unwanted substances, environmental site assessment, geothermal installation, geotechnical investigation and temperature measurement for installing underground utilities. Different components of top drive systems are body (pipe handling system, slurry circulating passage and power swivel), guide rail and block, hydraulic drive, electric drive and control system.

Top drive systems are more favorable than traditional Kelly drive systems as they save time and provide efficiency of drilling operation. The characteristics that make top drive systems popular than traditional Kelly systems are safer drilling operation, back reaming, reduction possibility of stuck pipe incidents and detachable connections.

Top Drive Systems Market: Drivers and Restraints

The major driving factors for global top drive systems market growth are rise in number of drilling rigs, drilling activities and increase in exploration activities. The other factors contributing to the growth of top drive systems market are rise in demand for oil rigs, increase in energy consumption and emerging technologies for extraction of natural resources. Moreover, use of top drive systems for on-shore and off-shore purpose and safety concerns also boosting the growth of top drive systems market. Its machinery reduces substantial time of drilling operation making it suitable for broad adoption in applications such as land drills, ocean drills and offshore drills.

However, development of unconventional reserves, political issues, technological incompetence, environmental concerns and oil spills could restrain the growth of global top drive market.

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Top Drive Systems Market: Segmentation

The global top drive systems market is segmented on the basis of technology, application, design of vessel and the geography. On the basis of technology, the global top drive systems market is segmented as hydraulic top driver systems and electric top driver systems. The hydraulic top drive systems technology is appropriate for complicated working conditions as it has the ability to resist sand storm, pollution and huge temperature variation. The electric top drive systems are further categorized on the basis of control type into one-to-one, many-to-one, one-to-many and many-to-many control methods.

Different applications of global top drive systems market include onshore and offshore applications. The offshore applications include ultra-deepwater, deep water and shallow water applications. In terms of design of vessel the global top drive systems market is segmented as semi-submersibles, drill ships and jack-up top drive systems. Moreover, on the basis of geography the global top drive systems market is segmented into North America, Europe, Middle East and Africa, Latin America and Asia Pacific.

Software Defined Wide Area Network Market: Industry Forecast 2024

Software Defined Wide Area Network Market: Overview

Wide area network (WAN) covers large geographical area compared to Local Area Network (LAN). Public network such as a telephone system is used by WAN for connectivity.  Software defined WAN (SDWAN) opens options to enterprises in order to configure their network. Hardware devices working in the network are managed and controlled with the help of SDWAN. SDWAN makes it possible to implement flow related complex algorithms to the hardware components of a network. It offers enormous potential for organizations having multiple locations and significant network traffic.

Automation technologies are used for routing and rerouting data traffic, reducing the complexity involved in the procedure. Increasing adoption of cloud technology has resulted in large data repositories. Cloud technology requires high bandwidth in wide area network. SDWAN helps in improving the bandwidth as per the requirements of cloud technology.

Software Defined Wide Area Network Market: Trends and Growth Propellers

Enterprises worldwide strive to improve the operational efficiency. SDWAN helps enterprises in achieving high operational efficiency with high-speed internet connectivity and network coverage. Enterprise mobility is one of the major drivers of SDWAN market, it is increasingly being adopted as the number of mobile workers are increasing globally. It helps in providing secured access to enterprise data, growth in terms of flexibility and scalability, business continuity.

Also, employees can maintain a healthy work-life balance with the help of enterprise mobility. It has increased the usage of many devices such as smartphones, tablets and notebooks to access business applications driving the SDWAN market. Bring your own device (BYOD) policies adopted by enterprises are also increasing the demand for SDWAN. Traditional networks with complex architecture can be easily upgraded into simplified networks with the help of SDWAN. However, with implementation of SDWAN, enterprises must invest in new software solutions, hardware equipment and design and integration increasing the overall cost. However, Implementation will help in reducing the costs in the long run. Security concerns could restrain the growth of SDWAN market as the new set of rules and technologies used for managing networks are not tried and tested.

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Software Defined Wide Area Network Market: Segmentation

SDWAN market is segmented on the basis of component, deployment type, service type and end-use adoption, On the basis of component, the market is segmented into virtual appliance, physical appliance and hybrid. In terms of deployment, SDWAN market is segmented into on-premise and cloud deployment. Based on service type, the market for SDWAN is segmented into managed services and professional services. In terms of end-use adoption the market is segmented into banking, financial services, and insurance (BFSI), manufacturing, healthcare, IT and telecom, oil and gas and others.

On the basis of geography, the global SDWAN market is segmented into Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. Additionally, Currently, North America is projected to exhibit significant growth as compared to other key regional segments; this will be the result of the increasing bandwidth requirements and need for highly efficient networking architecture.

Software Defined Infrastructure Market - Global Industry Forecast 2016 – 2023

Software Defined Infrastructure Market: Overview

Software defined infrastructure considers hardware tools as software entities and operates them with automation. Organizations use software defined infrastructure to improve business agility related to a wide range of existing and newly developed applications and reduce infrastructure costs. Software defined infrastructure automates manual provisioning to improve quality of service and improve capacity utilization.

Software defined infrastructure reduces expenditures enabling increased utilization of current infrastructure with open standards based hardware and software. Data center and networking is managed at the same time using software defined infrastructure.

Software Defined Infrastructure Market: Segmentation

The global software defined infrastructure market is segmented by solution as software defined compute, software defined storage and software defined networking. On the basis of services, software defined infrastructure market is segmented as implementation service, integration service and consulting. Nowadays, organizations are seeking consulting services for shifting to software defined infrastructure. 

Based on geography, the software defined infrastructure market is segmented as North America, Europe, Asia Pacific, Middle-east and Africa and Latin America. North America holds the largest share in software defined infrastructure market whereas, lack of awareness and inflexibility towards changing technology is restraining market growth in developing regions. In coming years, Asia Pacific is expected to create huge opportunities are healthcare BI platform vendors. Larger enterprises are beginning their software defined infrastructure deployments whereas the small and medium organizations are still far from this.

Software Defined Infrastructure Market: Growth Catalysts

Large numbers of servers and storage devices are managed more efficiently with software-defined infrastructure. Cloud based services and mobility are the major driving factors for the software defined infrastructure market. Server virtualization and complex networks are fuelling the growth of the software defined infrastructure market. Software defined infrastructure has helped in securely integrating mobile services and using data efficiently for analytics services. The security and interoperability issues hinder the growth of the software defined infrastructure market globally. Software defined infrastructure is expected to be the future of data center.

Cloud Computing, Mobility, Social Media and Big Data/Analytics generate the need to manage far more users, data, applications and storage. Nowadays, such challenges are solved with software defined infrastructure. Organizations are becoming more service-oriented and efficient using software defined infrastructure.

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Software Defined Infrastructure Market: Trends

Software defined infrastructure is transforming the role of IT service providers to consulting, design and architecture services related to software defined infrastructure. The data centers are expected to gain potential for lowering costs, improving speeds and reducing the complexity of deploying, provisioning, and maintaining technology footprints with the software defined infrastructure. Cisco Systems Inc. is currently developing a suite of products Application Centric Infrastructure (ACI), aimed at moving software defined infrastructure beyond hardware and infrastructure into applications and business operations. Companies are now standardizing network design, procedures and hardware for stepping towards software defined infrastructure. Companies such as eBay Inc. are working to bring software-defined automation to every aspect of its infrastructure and operations.

Utility Billing Software Market - Global Industry Forecast 2016 – 2024

Global Utility Billing Software Market: Overview

Effective billing and collection systems form the core of successful utility businesses. The rapidly changing industrial environment, convergence of digital devices and technologies with traditional business processes, and the presence of digitally advanced consumers are collectively making these two processes increasingly complex for the utilities industry.

Utilities have understood that to deliver services at par with the rising expectations for effective services, the current legacy billing and customer information systems are not suitable for the long term. As such, utilities are switching to smart billing software products that are capable of handling every critical aspect of a service lifecycle – from connection, rating, and meter reading to bill generation, payment processing, collection, and field work. Highly scalable utility billing software, some of which also have the capability of managing customer information, also help improve customer services, allow utilities to more effectively serve the consumers, and stay ahead of competition.

All these factors are collectively aiding the increasing demand for a variety of utility billing software across the globe. As such, the global utility software market is projected to expand at an excellent pace over the report’s forecast period.

The report gives an expansive account of the current state of the global utility billing software market. It provides an overview of the major factors that are expected to have a substantial impact on the overall growth of the market over the future. The report also gives a detailed overview of product and technological developments witnessed in the market in the recent past.

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Global Utility Billing Software Market: Trends and Opportunities

A variety of utility billing software is already available in the market, serving utility sectors such as water, gas, electricity, cable, Internet, telecommunications, and sewage. The demand for more exclusive products that would cater to the specific requirements of these end-use areas is on a significant upswing around the globe.

The increasing improvements in legacy billing systems, especially in developing regions, is one of the crucial factors driving the global utility billing software market. The rising adoption of smart grid technology in the electrical power supply industry in regions such as Asia Pacific has brought about a new level of complexity in the billing and collection infrastructure for utilities. In response to the changing business dynamics, many utilities have already switched to the more adaptable and scalable utility billing software. The trend is projected to intensify in the coming years and a larger number of utilities will begin to adopt utility billing software.

The evolution of Natural Language Processing Market Forecast 2016 - 2024

Natural language processing (NLP) is a computer application under artificial intelligence that can understand human language. This computerized technique allows human communication to be analyzed and interpreted by the computer on the basis of a set of technologies and theories. The goal of natural language processing is to minimize the time taken to understand computer languages such as Ruby, C, C++, and Java. NLP finds application in the analysis of big data owing to the fact that massive amounts of data are being generated in current business scenarios from sources such as audio, emails, web blogs, documents, social networking sites, and forums. Reports indicate that the global natural language processing market will prove to be extremely lucrative for the future.

The major types of natural language processing solutions include statistical NLP, rule-based NLP, and hybrid NLP. Natural language processing includes several recognition, analytics, and operational technologies such as optical character recognition (OCR), auto coding, text analytics, interactive voice response (IVR), pattern and image recognition, classification and categorization, and speech analytics. Natural language processing can be a cloud-based or on-premise model and is used for applications such as information extraction, question answering, machine translation, and report generation in a number of industry verticals, including automotive, retail and consumer goods, high tech and electronics, government, banking, financial services, and insurance (BFSI), health care and life sciences, research and education, and media and entertainment.

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The research report offers readers a clear and objective outlook of the global natural language processing market and highlights the key driving and restraining factors along with the opportunities and threats that lie ahead. The various market dynamics have been carefully analyzed to give clients a clear idea on the strategic moves of their rivals. The structure and scope of the natural language processing market have been explored and projections based on past and current trends have been provided.

Global Natural Language Processing Market: Key Trends and Opportunities

The global market for natural language processing is significantly driven by the massive jump in digital data, the rise in the utility of smart devices, and the increasing demand for enhanced customer experience. In addition to this, the surging investments in the healthcare sector and the emergence of several new application areas are anticipated to further boost the natural language processing market. The market, however, is faced by a number of challenges that players need to overcome in order to survive and compete. The main hurdles include the need for effective predictive technologies, the need to narrow the gap between machine and man, the implementation of strict government regulations, and fluctuating customer adoption trends.

Recognition technologies are the most widely used technologies in NLP. Most companies, from large enterprises to small-scale organizations, use some form of recognition technology such as optical character recognition, interactive voice recognition, or image recognition. Natural language processing is most commonly used for information extraction and machine translation. IT and telecom, automotive, and defense and aerospace are the leading industries that use NLP for various applications.

Global Natural Language Processing Market: Region-wise Outlook

The global market for natural language processing is dominated by North America and Europe since these two regions contribute the most in terms of revenue. Asia Pacific is projected to expand at the fastest growth rate by the end of the forecast period, driven by the increasing use of voice recognition in several industries and the rising spending capabilities of the people. Apart from Asia Pacific, the Rest of the World – including the Middle East, Latin America, and Africa – is likely to witness strong growth in the coming years, creating massive opportunities for key players competing in the global natural language processing market.

Digital Signature Market - Global Industry Forecast 2016 – 2023

Digital Signature technique is used for authentication and validation of an electronic message, software and digital document. Handwritten signatures are used to certify physical documents. Similarly, digital signatures are used to certify and approve the content of digital documents such as portable document format (pdf), e-mails and word documents. Digital signature depends on encryption and decryption techniques. Encryption is the process of converting the information into a cipher text through encryption techniques such as public key encryption and symmetric or private key encryption. Decryption is the process of converting the cipher text back to the information text through the key issued at the time of encryption. Digital signature contains digital ID which include a public and a private key. The public key is sent with the file and private key acts as digital signature to the digital document. The public key contains encrypted code ‘hash’ that verifies the identity and tracks changes pertaining to the document.

Before the advent of digital signature, the business and legal documents have to be physically signed and were sent through courier. This process was time consuming and risk of loss during transportation was high. With the help of digital signature, the organizations could send legal contracts and business documents with proper authentication and less risk. With certain jurisdiction authorities such as The Federal Court of the U.S. and The Supreme Court of Canada, accepting digitally signed documents as an evidence for any crime, the digital signature market is expected to have a significant growth. Digital signature could help in financial and legal sector in reducing document turnaround time, improve compliances and could speed up invoice process. This would further drive the growth of digital signature market in financial and legal sector. The growth of E-Commerce sector in the global market could also drive the growth of digital signature market. However, the major challenge faced by digital signature market would be expiry of the technology used for formulation of digital signature. Incompatibility among various digital signature generation techniques could further hamper the growth of market. The developing countries such as Philippines and Brazil have weak cyber laws, thus could restraint the growth of market.

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Digital signature market is broadly segmented on the basis of solution, deployment type and geography. On the basis of solution, the market i s segmented into hardware, software and services. On the basis of deployment type, the digital signature market could be segmented on the basis of on-premise, web based and cloud deployment. Moreover, in terms of geographies the global digital signature market is segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America regions. Heavy adoption of digital signature technology is seen in North America market due to strong cyber laws and tremendous growth in financial sector in this region. Latin America market has the least adoption of digital signature technology due to weak and unstandardized cyber laws in this market.