Technology Market report: March 2020

Tuesday 31 March 2020

Microwave Oven Market | Industry Size, Share, Trends and Analysis Report

The global Microwave Oven Market size is anticipated to reach USD 12.70 billion by 2022, according to a new report by Grand View Research, Inc., rising at a CAGR of 2.8% during the forecast period. Improving standard of living of consumers, growing number of nuclear families, and increasing demand for frozen and ready-to-eat food are some of the key factors stimulating market growth.

Growing number of working women and preoccupied schedule of people in urban cities are likely to fuel the demand for ovens. A large part of new households comprises working singles who prefer to dine out rather than setting up their kitchen. This may be a drawback for the residential appliance market. However, this trend is estimated to boost the culture of quick service restaurants, cafes, and small eateries, which in turn will work in favor of the market.

Robust growth of the hospitality sector and rising catering contracts for large-scale functions, seminars, and other social gatherings are also expected to stir up the demand for commercial appliances over the forecast period. In case of the residential application segment, the most significant driver is the changing lifestyles and food consumption preferences of people, with more consumers shifting towards ready-to-eat and frozen food.

Macroeconomic factors such as growing population, rising disposable income of consumers, and increasing awareness of different cooking media such as microwave oven, grills, and barbeques are projected to impact the market positively.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/microwave-oven-market

Further key findings from the report suggest:

The convection segment is poised to account for half of the overall market value by 2022
The grill microwave oven market is anticipated to be valued at around USD 4.50 billion by 2022
In 2016, North America was the leading revenue contributor in the market, with a valuation of around USD 3.5 billion
The household application segment accounted for a larger revenue share in 2016 and is likely to expand at a CAGR of around 3.0% over the forecast period
The key players in the market include Robert Bosch GmbH, Haier Group Corporation, Hobart, Hamilton Beach, Middleby Corporation Company, Whirlpool Corporation, and Sharp Corporation.

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Car Rental Market is Anticipated to Register 5.1% CAGR till 2025

The global Car Rental Market size is expected to reach USD 125.4 billion by 2025, registering a CAGR of 5.1% from 2019 to 2025, according to a new report by Grand View Research, Inc. High total cost of ownership (TCO) associated with personal vehicles and growth in the tourism industry across the globe are two main factors fueling the market.

Increasing number of smartphone users globally and rising dependency on technology for carrying out activities such as booking and paying for rental services have been vital to market growth over the years. A number of vehicle rental companies are rolling out apps to notify their customers about promotional offers, discount coupons, fare, real-time tracking, and availability. As customers demand availability of cars in minimal time, industry players are focusing on enhancing their service convenience and streamlining business processes by utilizing IoT-enabled fleet management solutions.

Industry participants compete with each other on the basis of fleet size, pricing, location flexibility, and marketing expertise. The market is highly competitive, forcing companies to shrink their profit margins in order to offer better services to customers than their competitors. High intensity of competition within the industry is also encouraging major players to acquire smaller companies in order to strengthen their position in the marketplace. Several prominent service providers have introduced their brands at affordable prices as a strategy to expand their customer base.

Browse Details of Report@
https://www.grandviewresearch.com/industry-analysis/car-rental-market

Further key findings from the report suggest:

Along with reduction in fuel prices, there has been a considerable rise in number of international travelers worldwide, thereby resulting in rising demand for rental services
Rising consumer awareness regarding rental add-ons and availability of affordable solutions is compelling car rental market players to focus on enhancing their services and prioritizing customers’ convenience
Airport transport is anticipated to emerge as the largest application segment over the coming years, owing to a significant increase in number of air travelers across the globe. Numerous small companies are also entering this segment with new technologies and processes, further propelling the revenue generation prospects of the segment
‘Bleisure’ travel, which refers to a combination of a business and leisure trip, is one of the emerging and most promising trends in the travel and tourism industry. This trend is poised to propel the demand for car hiring and renting services among leisure and business travelers.

Cyber Security Market Outlook and Forecast Report, 2025

The global Cyber Security Market size is expected to reach USD 241.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 11.0% over the forecast period. Cyber security focuses on protection of the network, programs, computers, and data from unauthorized access. In the recent past, it has become increasingly vital owing to the storage and transmission of confidential information by government and corporations. Such a vast amount of data transmitted across networks is prone to data breaches, thus raising concerns among public as well as government.

Online threats are identified as one of the highest occurring global risks. Growing technological advancements and capabilities of disrupting cyberspace are continuously reshaping the global threat landscape. Cybercrimes have increasingly affected several industries in myriad ways, thereby boosting demand for internet safety solutions. Various organizations are focusing on improving security systems, owing to the rise in online threats and malware attacks in sectors such as government, defense, and IT.

Increasing number of high-profile cases of cybercrime has augmented the demand for sophisticated and advanced security software products and services. Furthermore, such cyber hacks have increased the awareness regarding potential threats amid industries such as BFSI, healthcare, and defense. Thus, it has resulted in improved allocation of resources among organizations that help to mitigate risk.

Cloud-based platforms and smartphone devices are predominant sources of online data breach among organizations. Proliferation of threats, along with the traditional safety models, has been proven ineffective to keep pace with increasing challenges pertaining to safety. In order to overcome such challenges, organizations are rapidly adopting a robust cybersafety stance. Thus, the global market is driven by necessary measures required to counteract growing cybercrimes.

Increasing number of targeted attacks is propelling the demand for these solutions as major governments such as that in the U.S. and the European Union as well as venture capital firms are continuously investing funds into cybersafety enterprises. Furthermore, rapid advancements in technologies such as cloud, artificial intelligence, and IoT are anticipated to boost the demand for these solutions over the forecast period.

Browse Details of Report@
https://www.grandviewresearch.com/industry-analysis/cyber-security-market

Further key findings from the study suggest:

Based on component, the services segment dominated the market in 2018 and is anticipated to register the highest CAGR of 11.8% over the forecast period. The solution segment was valued at USD 57.3 billion in 2018
On the basis of type, the enterprise segment was valued at USD 58.4 billion in 2018, expanding at a healthy CAGR over the forecast period. The application segment is anticipated to register the highest CAGR of 17.9% over the forecast period
The managed services segment is expected to retain its dominance in the market and is projected to reach USD 76.3 billion by 2025
The cyber security market in North America was valued at USD 44.6 billion in 2018 and is expected to expand at a healthy CAGR over the forecast period
Key players in the market include Symantec Corporation; Cisco Systems Inc.; Checkpoint Software Technologies Ltd.; Fortinet Inc.; and Trend Micro.

Monday 30 March 2020

Mobile Virtual Network Operator Market Size is Estimated to Register 7.6% CAGR till 2027

The global Mobile Virtual Network Operator Market size is expected to reach USD 109.9 billion by 2027, registering a CAGR of 7.6% from 2020 to 2027, according to a new report by Grand View Research, Inc. The growing demand for data services and increasing number of mobile users across the globe is expected to drive the market. In addition, the increasing number of services such as cloud, Machine to Machine (M2M), and mobile money are further expected to drive demand for mobile virtual network operators over the forecast period.

The growing demand to access mobile applications, social media, and multimedia services is further expected to propel the growth of the market over the forecast period. The declining prices of smartphones are contributing to the accelerating subscriber penetration across the globe is expected to fuel the growth of the market. Furthermore, increasing partnerships formed by key players for providing high-speed data services to consumers is anticipated to drive market growth over the forecast period.

Favorable government guidelines for mobile virtual network operators (MVNOs) allow them to access the Single Wholesale Network (SWN) and the mobile operator networks, as well as eliminate national roaming charges. This is expected to drive the growth of the market over the forecast period. The increasing government initiatives, such as the Digital Single Market (DSM) strategy, to eliminate copyright issues and geo-blocking problem and to provide better network service access for consumers in the Europe is expected to drive growth of the market over the forecast period.

The presence of a large number of players in the MVNO market has led to increased competition among service providers. This has led companies to offer mobile services at cheaper rates, which is expected to strengthen the market growth. The mobile virtual network operator model is considered cost-effective and time-efficient to enter in the telecom market to benefit the customers. This is expected to provide potential opportunities for new entrant in the market over the next eight years.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/mobile-virtual-network-operator-mvno-market

Further key findings from the report suggest:

The discount segment is expected to register phenomenal growth over the next eight years. High competition among mobile virtual network operator service providers to provide better and low-cost services coupled with the growing consumer preference for services offered at a discount is expected to drive the demand for the discount segment
The service operator segment is expected to witness the fastest CAGR over the forecast period as it provides various service platforms such as voicemail and missed call notification
The consumer segment is projected maintain its dominance over the next eight years. This growth can be attributed to mobile virtual network operators that provide customer centric offerings such affordable data and voice plans and latest technology
Asia Pacific is expected to emerge as the fastest-growing regional mobile virtual network operator market over the forecast period. The growing demand for an efficient cellular network coupled with increasing speed of mobile broadband are expected to propel the growth of the market in Asia Pacific region.
Key industry participants in the market include Lebara Group; Lyca Mobile; TalkTalk Group; Giffgaff; Poste Mobile SpA; Virgin Mobile; and TracFone Wireless Inc.

Motion Sensor Market: Current Trends and Future Opportunities

The global Motion Sensor Market size is expected to reach USD 8.7 billion by 2025, registering a CAGR of 7.8% from 2019 to 2025, according to a new report by Grand View Research, Inc. Increasing adoption of motion sensors in robotics and gaming applications such as joystick, Augmented Reality (AR) devices, and other gaming accessories have influenced the use of sensing techniques. Significant opportunities in the consumer electronics segment are likely to enhance market growth. For instance, trends in wearable devices have resulted in enormous demand for their variants.

Augmented Reality (AR) and Virtual Reality (VR) are becoming increasingly popular trends in the realm of consumer electronics.AR/VR applications are now a key battleground for smartphones as well as wearable devices such as smart glasses, VR gloves, VR motion chairs, and Head-mounted Displays (HMDs).Motion sensing is a key ingredient in the portable designs built around AR and VR applications. In the past five years, the number of VR users has risen to 150+ million in 2018, from 1 million in 2014. These applications are expected to provide lucrative opportunities to market players. Inertial measurement units (IMU) that use a combination of accelerometer, gyroscope, and magnetometer ensure the stability in environments with high movement fluctuations often encountered in HMDs and AR applications such as smart glasses. Increasing demand for IMUs is expected to drive the market over the forecast period.

Under the AR/VR domain, these sensors are widely used in gaming applications. A motion gaming system, also called a motion-controlled gaming system, is one that allows players to interact with the system through body movements. In recent years, there has been a significant rise in demand for interactive video games. Growing demand for interactive games can be attributed to rise in penetration of smartphones and wearables, which provides a lucrative opportunity to manufacturers in the consumer electronics end-use industry.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/motion-sensors-market

Further key findings from the report suggest:

Growing emphasis of leading technology companies on increasing awareness regarding these sensors in Asia Pacific is a key trend. Intel Corporation recently exhibited advanced applications of motion sensors at the CES Asia – a trade fair organized by Consumer Technology Association (CTA)
The microwave segment is expected to grow significantly in the next few years owing to their ability to operate in the K-band frequency range, which makes them resistant to interference from external radar sources
The healthcare segment is expected to gain traction as a result of growing demand for wireless body area networks and smart pill boxes that incorporate motion sensors
Asia Pacific is expected grow significantly over the forecast period owing to increasing product adoption for detection and prediction of earthquakes and tsunamis in countries such as Indonesia and Japan
Key players in the motion sensor market are HILLCREST LABS; Honeywell International Inc.; Kionix, Inc.; Murata Manufacturing Co., Ltd.; NXP Semiconductors; Robert Bosch GmbH; SENSINOVA; STMicroelectronics; TE Connectivity Ltd.; and TDK Corporation.

Cloud Security Market: Current Trends and Future Opportunities

The global Cloud Security Market size is expected to reach USD 12.63 billion by 2024, according to a new report by Grand View Research, Inc., progressing at a CAGR of 13.9% during the forecast period. Growing number of targeted cyberattacks and increasing investments in cloud infrastructure are anticipated to trigger the growth of the market.

Burgeoning popularity of cloud infrastructure owing to its benefits such as on-demand services, scalability, flexibility, and cost effectiveness. In addition to tussle between public and private cloud, emergence of hybrid cloud has given cloud users numerous platforms and frameworks to choose from. As adoption of cloud is reaching new levels, security issues concerning cloud users and vendors are also gradually mushrooming.

Emphasized by data breaches in recent years and increasing threat of cybercrime and targeted attacks, the demand for cloud security solutions is estimated to increase over the forecast period. The market is also projected to witness significant efforts by industry participants for creation of regulations and compliance laws owing to growing need for industry-wide standards. Demand for security services and policy implementation is also expected to increase, in turn driving the overall cloud security market.

Dynamic nature of the industry may result in an increasing adoption of open source platforms. In addition, versatility of data and diverse threat vectors will lead to security-as-a-service offerings and managed security service providers gaining traction in the market. Sharing of responsibility between cloud service providers (CSPs) and cloud end users for security and data protection will have a positive impact on the industry. Furthermore, technologies such as virtualization and convergence and initiatives such as computer emergency readiness teams (CERTs) are likely to help in implementing security at different levels of cloud infrastructure.

Increasing sophistication of hacking techniques and technological advancements in cyberespionage are poised to unleash new generation of attacks such as advanced persistent threats (APTs), ransomware, malicious insider, distributed denial of service (DDoS), and zero day threats. As a result, industry wide collaborations and partnerships to tackle emerging threats are estimated to shape the future of the market.

Browse Details of Report@
https://www.grandviewresearch.com/industry-analysis/cloud-security-market

Further Key Findings from the Report Suggest:

Polymorphic, self-mutating codes, and evasion techniques have made the traditional security technologies and endpoint protection mechanisms obsolete
Recent years have witnessed numerous high level data breaches such as attacks on Home Depot, Anthem, Ashley Madison and even security providers such as Kaspersky Labs.
North America held the largest share in terms of revenue in 2016 owing to increasing awareness regarding threat of cyberattacks and corporate espionages.
Numerous countries and regions such as the European Union are adopting specific cyber laws and regulations to protect data and information. For example, Germany is opting for greater data privacy, whereas other countries such as U.S. and France are striving for greater visibility in internet traffic.
Numerous industry specific regulations such as Health Insurance Portability and Accountability Act of 1996 (HIPPA) for healthcare, Payment Card Industry Data Security Standard (PCI DSS) for financial sector as well as international laws including Safe Harbor Act and European Union Data Protection Directive are anticipated to play a vital role in the development of the market.
Key industry players such as CA Technologies, TrendMicro, Symantec Corp., Intel Corp. and IBM Corp. are focusing on technological alliances, partnerships, and collaborations with other industry players to maintain market competencies.

Artificial Lift Systems Market: Current Trends and Future Opportunities

The global Artificial Lift System Market size is expected to reach USD 26.5 billion by 2025, expanding at a CAGR of 5.7%, according to a new report by Grand View Research, Inc. The industry is anticipated to gain traction owing to the increasing fossil fuel demand coupled with the rising number of mature reserves, which hold a high volume of crude oil. Furthermore, volatile oil prices are persuading oil companies to decrease the per barrel oil production cost, thereby driving the demand for EOR techniques, such as artificial lift systems, over the forecast period.

The robust demand for crude oil and natural gas has led to the depletion of onshore reserves. This has offered offshore deep-water opportunities for several companies, thus catapulting the artificial lift market size. Additionally, technological advancements have encouraged Exploration and Production (E&P) companies to increase the production of crude oil and natural gas in offshore reserves, which is anticipated to further propel demand over the coming years.

Lifting systems are used in offshore applications of deepwater gas lift wells and for subsea production to augment the productivity of wells. Thus, the rising deepwater oil production is anticipated to spur the market growth. Owing to rapid industrialization, conventional sources of oil & gas are depleting at the expense of future energy demands. This has forced companies to meet the end-user demand by focusing on unconventional gas resources. As such, unconventional gas production is considered to act as a key opportunity for players operating in the market.

The demand for energy is increasing globally. The escalating demand for primary energy in transportation, power generation, and household activities has led to increased oil & gas consumption in major economies across the globe. This has led the producers of oil & gas to dig deeper to meet the increasing energy demands, thus instigating the need for artificial lift. However, the fluctuating oil prices and impacted investments would affect market growth, owing to high equipment and capital costs.

Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/artificial-lift-systems-market

Further key findings from the report suggest:

The global artificial lift market exceeded USD 16 million in 2016 and is expected to grow at a CAGR of 5.7% from 2017 to 2025, which is primarily attributed to the increasing oil & gas production coupled with improving production efficiencies at mature fields.
Electrical submersible pumps are anticipated to emerge as the largest product segment over the forecast period owing to the rising demand for oil worldwide and exploration of newer onshore as well as offshore reserves.
The ever-rising population in Asia Pacific, particularly India and China, is anticipated to fuel the demand for oil & gas, which is further expected to instigate the adoption of artificial lift systems in this region.
Key players such as GE Oil & Gas, National Oilwell Varco, Weatherford Plc, Halliburton, Dover Corp., and Schlumberger Limited dominated the market in 2016 with their emphasis on expanding the market presence through mergers and acquisitions.

Friday 27 March 2020

B2C E-Commerce Market | Industry Size, Share, Trends and Analysis Report

The global B2C E-Commerce Market size is anticipated to reach USD 7,724.8 billion by 2025, growing at a CAGR of 11.7%, according to a new report by Grand View Research, Inc. The rising disposable income level, increasing middle-class population and increasing internet & smartphones penetration is likely to spur the market demand over the forecast period. The increasing acceptance of technology is allowing the e-commerce sector to be more efficient and reachable. The growing middle-class population and intense use of social media is also aggravating the demand of online purchasing of various products and services.

MEA region have a dynamic young population with one of the highest global per capita income. In addition to it, high level internet penetration is rapidly evolving online shopping market in the region. Chinese market is going through a consumer revolution, international products taking benefit of innovative marketing, research techniques and advertising. Brand consciousness is getting more importance in attracting Chinese consumers. Luxury goods and service providers are experiencing great growth in China.

The General Agreement on Trade in Services (GATS) provides the rules and regulations governing international trade in services, with great implications for e-commerce. Anti-Spam Law is placed to protect consumers from receiving unsolicited marketing material. As online business collects information of consumers, it cannot legally spam people without having them consent to it. Technological advancement is driving the global market. Retailers and e-commerce players are using augmented reality (AR) technology to enhance the shopping experience. This allow customers to try a product virtually.

The market is very volatile in nature and is experiencing a fierce competition, therefore, marked by an extensive presence of mergers and acquisitions. The key players in the market include Amazon, Alibaba, Jindong, Flipkart, and PayPal. E-commerce market players are focusing on unique changes to their business models in order to enable sellers & consumers to transact online. The big retailers in the market are trying to complement their traditional retailing with online commerce and tying up with other big e-commerce players.

Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/b2c-e-commerce-market

Further key findings from the report suggest:

The escalating middle-class population and technological advancements are expected to drive the market.
The travel & tourism segment is expected to portray high growth rate with a CAGR of 15.8% over the projected period
Increasing internet penetration and growing acceptance of smartphones are expected to be the drivers of the market over the forecast period.
The Asia Pacific region dominated the B2C e-commerce market in terms of revenue in 2016 and is expected to have significant growth over the forecast period.
The key players of the market include Alibaba (China), Amazon.com, Inc.(U.S.), and eBay Inc. (U.S.)

Pharmaceutical Logistics Market Report | FedEx Corp.; DB Schenker; Deutsche Post DHL

The global Pharmaceutical Logistics Market size is anticipated to reach USD 97.6 billion by 2025 expanding at a CAGR of 3.5%, according to a new report by Grand View Research, Inc. The market development can be attributed to the rising demand for a variety of drugs as a result of increasing cases of chronic and lifestyle-related diseases. Pharmaceutical logistics is an important part of the healthcare system, as careful handling and transporting of pharmaceutical products is of utmost importance, therefore equipment and staff services involved in the pharma supply chain are highly expensive.

Consolidations among the pharma companies, to expand their business and global presence, is the latest trend gaining momentum in the market. Technological advancements, such as cloud-based supply chain functions and blockchain technology, which provide accurate and real-time data of operations will also have a positive impact on the pharma logistics market growth. Additionally, these technologies also offer predictive analytics to identify demand and supply chain optimization and risk management. Identifying risk and preventing them helps companies increase productivity, efficiency, and process optimization of their businesses.

The North America regional market accounted for the largest market share in 2018 and is expected to maintain its dominance over the forecast period. The market in Asia Pacific is projected to exhibit the highest CAGR from 2019 to 2025 owing to increasing financial budget for the healthcare sector in several emerging countries of the region. Some of the key market participants include FedEx Corp.; DB Schenker; Deutsche Post DHL; Air Canada Cargo; United Parcel Service of America, Inc.; CEVA Logistics; Continental Air Cargo; and Biotec Services International Ltd.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/pharmaceutical-logistics-market

Further key findings from the study suggest:

Logistics led the global market in 2018 and is expected to be the dominant segment even during the forecast period
This growth can be attributed to the increased adoption of sea freight pharma logistics, which handles personalized medicines
North American is expected to be the largest regional market over the next few years owing to the rising M&A activity in the region
Prominent companies in the global pharmaceutical logistics market include FedEx Corp.; DB Schenker; Deutsche Post DHL; United Parcel Service of America, Inc.; CEVA Logistics; Continental Air Cargo; Biotec Services International Ltd.; and Air Canada Cargo

Thursday 26 March 2020

Crime Risk Report Market | Global Industry Size, Share, Trends and Analysis Report

The global Crime Risk Report Market size is expected to reach USD 15.34 billion by 2025, registering a CAGR of 21.4% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. Growing threats from internal and external terrorist activities coupled with rising number of financial frauds, such as fraudulent investment scams, Ponzi schemes, illegal online lotteries, and money laundering activities, are expected to drive the market over the forecast period. Crime risk analytics solutions are designed to collect crime data from law enforcement agencies and statistically predict the crime rates for every individual type of crime. The need for such solutions is growing due to increasing crime cases across the world.

Increasing personal crimes, such as homicides and kidnapping, are forcing individuals to consult crime risk report companies. Moreover, property crimes, such as carjacking, burglaries, shop robberies, and gun point robberies, make individuals and organizations take pre-emptive measures. These factors are expected to drive the growth of this market over the forecast period. Quick adoption of new and innovative technologies, such as IoT and Big Data, are increasing the complexities and security challenges regarding networks and systems. This factor is also expected to contribute to the market growth in the years to come.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/crime-risk-report-market

Further key findings from the study suggest:

The financial & cybercrime segment is anticipated to register the highest CAGR from 2019 to 2025 as the growing monetary losses associated with financial frauds and cybercrimes prompt law enforcement agencies to curb such crimes
Asia Pacific is expected to be the fastest-growing regional market recording a CAGR of 23.9% from 2019 to 2025
On the other hand, North America is projected to be the largest crime risk report market during the forecast years
Some of key companies in the market include CAP Index, Inc.; CCL Ltd.; CORELOGIC; HackSurfer, Intelligent Direct, Inc.; Location, Inc.; Pinkerton Consulting & Investigations, Inc.; Silva Consultants; and Verisk Analytics, Inc.

5G Chipset Market Outlook and Forecast Report, 2025

The global 5G Chipset Market size is estimated to reach USD 21,786.21 million by 2025, exhibiting a CAGR of 69.7% from 2020 to 2025, according to a new study by Grand View Research, Inc. The rapidly rising demand for ultra-reliable and low-latency data networks capable of delivering seamless connectivity is estimated to boost the market growth over the forecast period. As such, 5G chipset is turning out to be an integral part of modern telecommunication equipment. 5G chipset can be found in the latest smartphones, laptops, base stations, modems, and routers. These chipsets are also being installed in connected vehicles deployed as part of autonomous vehicle systems to provide improved Vehicle-to-Everything (V2X) connectivity.

The growing popularity of 5G-enabled smartphones is emerging as a major factor CAGR of 69.7% that is estimated to propel the market growth over the forecast period. Key smartphone manufacturers are responding to the growing demand for 5G smartphones by investing aggressively on vertical integration in order to diversify their business and augment their revenues. For instance, in July 2019, Apple, Inc. acquired Intel Corporation’s smartphone modem business segment for USD 1.0 billion. The acquisition was primarily focused on developing 5G chipset components for Apple Inc.’s new upcoming 5G-enabled iPhone.

5G chipset components are expected to play a crucial role in smart city projects by facilitating seamless connectivity for smart infrastructure, smart grids, smart streetlights, and building energy automation devices. These chipsets are also poised to become an integral part of the manufacturing sector by enabling ultra-low latency and high-reliability connectivity for various critical applications, such as remote process monitoring and control. The growing deployment of these chipsets to provide robust connectivity for machines to machine (M2M) communications in the manufacturing sector is anticipated to drive the market growth over the forecast period.

However, rising concerns over the security of the data being exchanged over fifth-generation networks are expected in hinder the market growth. Particularly in countries, such as the U.S., the U.K., and Germany, among others, governments are highly concerned about data security and privacy issues. Several governments have also drafted stringent regulations and policies to ensure the security of the data being transferred over fifth-generation networks.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/5g-chipset-market

Further key findings from the study suggest that:

The U.S. regional market is anticipated to reach USD 283.88 million by 2019 owing to the aggressive investments being made by key market players on developing 5G chipset components
The Asia Pacific regional market is anticipated to register a CAGR of 74.4% owing to the growing demand for 5G-enabled smartphones and aggressive investments on rolling out fifth-generation network infrastructure by key players, such as Huawei Technologies Co., Ltd. Of China
The smartphones/tablets segment is estimated to reach USD 627.07 million by 2019 owing to the initial focus on developing 5G chipset components for smartphones applications, such as UHD video, augmented reality (AR) gaming, and virtual reality (VR) gaming, among others
Key market players are increasingly focusing on developing new 5G chipset components, such as multi-mode chipsets and single-mode standalone chipsets, as part of the strategy to expand the product portfolio and strengthen the foothold in the market
Key players in the 5G chipset market include Qualcomm Incorporated; Intel Corporation; Huawei Technologies Co. Ltd.; Samsung Electronics Co., Ltd.; MediaTek Inc.; Unisoc Communications, Inc.; Xilinx Inc.; Qorvo, Inc.; and Infineon Technologies AG; among others.

Voice & Speech Recognition Software Market Size, Share & Trends Analysis Report

The global Voice And Speech Recognition Software Market size is anticipated to reach USD 31.82 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 17.5% during the forecast period. The market is anticipated to witness an upsurge in the adoption of voice activated systems, voice-enabled devices, and voice-enabled virtual assistant systems owing to the rising application in the banking and automobile sectors. The escalating need to counter fraudulent activities and to enhance security in the banking sector is projected to boost the adoption of voice biometrics for user authentication.

Automobile sector is expected to gain momentum owing to advancements in technology and emergence of innovative concepts such as autonomous and connected cars. Integration of voice-activated software in future cars is anticipated to drive demand for technologies such as noise abatement for selectively ignoring driving and passenger noises for providing an error-free and seamless experience to the operator.

Voice recognition is also a core technology widely used in healthcare sector to enhance the Electronic Health Record (EHR) systems by providing an ease to the doctor to speak and keep the records instead of manual typing or writing. In 2018, the healthcare vertical held the largest market share and is expected to grow significantly over the forecast period.

Artificial Intelligence (AI)-based voice and speech recognition software is expected to expand at a high CAGR owing to the continuous development of machine learning techniques and integration of connected devices with personal assistants. For instance, Dragon Drive is a personal assistant developed by Nuance Communication Inc. that integrates various household appliances, cars, and smartphones that can be connected to a hub through the internet. Thus, an individual can get alerts about daily chores, work schedules, traffic updates, and many more alerts through the Dragon Drive.

However, the lack of accuracy of these technologies in recognizing the regional accents and dialects is expected to limit the growth of the voice and speech recognition software market. Additionally, sentiment analysis using the changes in the pitch of the voice is anticipated to provide growth opportunity to the market in the forthcoming years.

Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/voice-speech-recognition-software-market

Further key findings from the report suggest:

Rising trend in development of artificial intelligence-based system is expected to be the key factor driving the market over the forecast period. Leveraging deep learning algorithm in voice and speech solutions for better search results is expected to be the key growth driver for AI-based technology segment
Deployment of speech recognition solutions in consumer and retail verticals is anticipated to lead to the high market growth, attributed to the changing lifestyle in several countries including U.S., Germany, and U.K. Growing adoption of smart electronics in India, China, Japan, and Brazil is also likely to drive growth in consumer vertical
North America led the market, in terms of revenue, representing over 36% of the total market share in 2018. Additionally, North America and Asia Pacific are anticipated to witness a considerable growth owing to the presence of several U.S.- and China-based players, such as Apple, Inc.; Facebook, Inc.; Baidu, Inc.; Amazon.com, Inc.; and Alphabet, Inc.; working toward the development of this technology
Key companies operating in the voice and speech recognition software market include Advanced Voice Recognition Systems, Inc.; Agnitio S.L.; Amazon.com, Inc.; Api.ai; Apple, Inc.; Anhui USTC iFlytek o., Ltd.; Baidu, Inc.; BioTrust ID B.V.; CastleOS Software, LLC; Facebook, Inc.; Google, Inc.; International Business Machines Corporation; JStar; LumenVox LLC; M2SYSLLC; Microsoft Corporation; MModal, Inc.; Nortek Holdings, Inc.; Nuance Communications, Inc.; Raytheon Company; SemVox GmbH; Sensory, Inc.; ValidSoft UK Limited; VoiceBox Technologies Corporation; and VoiceVault, Inc. These players focus on integrating the artificial intelligence technology, to build superior products that would increase their user customer base.