Technology Market report: October 2020

Friday 30 October 2020

Colombia Travel Retail Market: Key Growth Drivers, Challenges, Leading Key Players Review

The Colombia Travel Retail Market size is expected to reach USD 686.0 million by 2025, and it is anticipated to register a CAGR of 8.3% from 2019 to 2025, according to a new report by Grand View Research, Inc. The travel and tourism industry accounted for nearly 3.8% of Colombia’s Gross Domestic Product (GDP) in 2018. The industry’s demand has witnessed an increase of 12% in 2018 from the previous year. Columbia is one of the major tourist destinations with attractions including colonial cities, coffee plantations, mountains, and beaches. A rising number of international travelers is expected to be one of the prime factors driving the market growth.

According to Colombia’s Ministry of Commerce, Industry and Tourism (MinCIT), the country’s travel and tourism revenues was approximately USD 5.8 billion in 2018. However, the Colombian government plans to increase these revenues to USD 40 billion by 2022 by making tourism a high priority. Initiatives such as increasing airline routes to Colombia are subsequently expected to drive the growth of the market for travel retail in the country. Moreover, the rising middle-class population in developing countries and reasonably priced travel choices are anticipated to drive the market growth.

The retail market is getting increasingly competitive, owing to the entry of other duty-free retailers in the country. For instance, in 2017, Dufry and 3Sixty Duty Free signed a joint venture agreement and obtained duty-free store concession at the El Dorado International Airport in Bogota. The two companies signed a concession agreement with Opain S.A. for one duty-paid, seven duty-free, and two Hudson convenience stores. An improving economy, sustainable business practices, and favorable commercial trade agreements have created robust opportunities for international brands, which acted as a catalyst for market growth. According to the World Travel & Tourism Council (WTTC), Bogota accounted for more than 29% of Colombia’s overall travel and tourism activity.

Over two decades of political instability has impeded the growth of Colombia market. Despite decades of security challenges and internal conflicts, Colombia has been relatively steady in upholding democratic institutions characterized by transparent and peaceful elections and the protection of civil liberties. The increasing political stability and improving security situation is expected to open opportunities for foreign direct investments and subsequently strengthen the Colombian tourism industry. An active travel and tourism industry would further encourage international travel retail operators to consider entering the market in Colombia, where competition is currently relatively moderate.

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Colombia Travel Retail Market Report Highlights

The perfume and cosmetics segment dominated the market with a value of USD 118.9 million in 2018. The segment is projected to continue its dominance over the forecast period
Rising investments for the development and upgradation of airports in Colombia has contributed to the growth of the market. The airport channel segment is anticipated to register the highest CAGR of 8.5% over the forecast period
The key players in the market focus on strategies such as partnerships and expansions to expand their presence in the market
Prominent players operating in the market include Duty Free Americas, Inc. (DFA); Dufry and 3Sixty Duty Free; Motta International; Areas; and Duty Free Partners.

About Grand View Research

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Dropshipping Market Trends, Analysis, Outlook and Future Scope

The global Dropshipping Market size is expected to reach USD 557.9 billion by 2025, registering a CAGR of 28.8% over the forecast period, according to a study conducted by Grand View Research, Inc. Rising consumer inclination toward online shopping platforms, coupled with the proliferation of internet users, is anticipated to positively impact market growth. Dropshippers offer services to retailers such as direct transfer of goods to customers and inventory maintenance. Moreover, benefits provided through dropshipping services encourage e-commerce companies to adopt these services, as the shipment of the products/goods is not limited to the internal boundaries of the country and can even offer product deliveries across international borders.

Rising disposable income and increasing internet and smartphone penetration have favored the e-commerce industry, thereby impacting the adoption of dropshipping. Dropshipping enables e-commerce companies to capitalize on warehouse and logistics investments. Moreover, fewer capital investments in inventory and logistics have resulted in an increased demand for dropshipping amongst retailers.

Several e-commerce startup businesses are opting for dropshipping services since fewer investments are required for product warehousing, resulting in reduced shipping and logistics costs. The growing number of online purchases by consumers has enabled the emergence of new e-commerce companies. Inclination of emerging e-commerce companies toward dropshipping business is further generating avenues for market growth.

However, government rules and regulations for product shipment and cybersecurity threats are hindering the market growth. Moreover, the General Agreement on Trade in Services (GATS) comprises rules and regulations governing international trade in services, with significant implications for e-commerce. The Anti-Spam Law is in place to protect consumers from receiving unsolicited marketing material, thereby restraining the growth of the market.

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Dropshipping Market Report Highlights

The electronics and media segment accounted for a market share exceeding 22.0% in 2018 owing to increasing innovations in the electronics industry, coupled with rising demand for electronics
The food and personal care segment is expected to register a CAGR exceeding 30.0% from 2019 to 2025, owing to the rising consumer demand for skincare products and cosmetics, among others
The fashion segment held the largest market share of over 30.0% in 2018, which can be attributed to the growing disposable income of consumers, coupled with rise in online retail spending among consumers
Asia Pacific is expected to witness substantial growth owing to the high percentage of global population and increasing internet penetration, which, in turn, drives the e-commerce industry in the region
The dropshipping market is fragmented and characterized by the presence of small- and medium-sized companies. The major global players operating in the market include AliDropship; Doba, Inc.; SaleHoo Group Limited; and Oberlo, Inc.

About Grand View Research

Thursday 29 October 2020

Anime Market by Forecast to 2025 with Leading Key Players: Bones Inc.; Kyoto Animation Co., Ltd.; Madhouse Inc.; Manglobe Inc.

The global Anime Market size is expected to reach USD 36.26 billion by 2025, registering a CAGR of 8.8% over the forecast period, according to a study conducted by Grand View Research, Inc. Growing popularity and sales of Japanese anime content across the globe apart from Japan is driving the growth. Currently, Japanese anime industry is highly dependent on the overseas sales of its anime content for higher revenue generation. Moreover, internet distribution coupled with application games are holding larger part of overseas sales in Japanese anime market.

Growing penetration of video distribution services, such as Netflix, Amazon, and Chinese platforms are significantly contributing to the overseas sales of anime content. The rapid growth of Japan-invented smartphone games, such as Puzzle and Dragons, Monster Strike, White Cat Project, and Brain Wars, among others are also contributing significantly to the overall market growth.

Globally, anime is witnessing a surge in popularity and has a huge fan base. People across geographies are spending significant amount of money on anime content, especially series and movies available in the market. The most popular series include One Piece, Detective Conan, Dragon Ball Z, Hunter X Hunter, Naruto, and Captain Tsubasa, among others. Moreover, Japanese comic books and animation series, also known as manga, are increasingly becoming popular and many young creative talents are seeking careers in the field of animation.

Animation companies are aiming to develop animatronics and storytelling with a significant focus on high quality and unique characters. Cartoons and comics can play a decisive role in the development of children and their creativity as they can have a remarkable influence on children. Prominent animation companies have started developing cartoons and animated movies that help the development of cognitive, problem solving, and social skills among children.

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Further key findings from the report suggest:

Internet distribution segment is expected to witness significant growth in the forthcoming years, owing to increasing overseas sales of Japanese anime content via video streaming platforms
Middle East and Africa regional market is anticipated to witness rapid growth owing to the rising popularity of Japanese anime in Saudi Arabia and other countries from Middle East and Africa
The key players operating in the market include Bones Inc.; Kyoto Animation Co., Ltd.; Madhouse Inc.; Manglobe Inc.; P.A.Works, Inc.; Pierrot Co., Ltd.; Production I.G, Inc.; Studio Ghibli, Inc.; Sunrise Inc.; and Toei Animation Co., Ltd

About Us:
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.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

AI in Construction Market with Key players | IBM Corporation; Microsoft Corporation; Oracle Corporation; SAP SE; ALICE Technologies Inc.

The global Artificial Intelligence (AI) In Construction Market size is expected to reach USD 3.3 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to witness a CAGR of 34.0% from 2019 to 2025. Artificial intelligence in building solutions is being adopted rapidly due to the increasing need for risk management and deployment of more safety measures at the job site. Specialized artificial intelligence solutions are trained on architecture images, which helps in predictive maintenance. These artificial intelligence solutions can review thousands of images and identify risk factors to provide insights into risk indicators at a scale that cannot be achieved by humans. Furthermore, artificial intelligence has become more predictive and can observe the activities taking place at job sites, based on which it can predict the results of these activities.

Also, artificial intelligence helps in predicting the cost overruns based on contract type, project size, and the competence level of project managers. Thus, artificial intelligence helps to reduce the production costs by providing real-time feedback on actual time and expenses spent on the job site. AI-enabled cameras are deployed on the job site to monitor real-time activities. Several factors, such as growing adoption of risk mitigation and management solutions, predictive maintenance, prevention of cost overruns, and AI-enabled post-construction solutions, have spurred the AI in construction market.

The Asia-Pacific regional market is expected to witness substantial growth over the forecast period. This is owing to the growing adoption of AI-enabled solutions and services by the builders in emerging economies. Mitigating the risks at job sites is one of the significant factors influencing the market’s growth positively as the industry has several risk factors. Artificial intelligence helps in providing predictive maintenance and better risk management. The industry is adopting artificial intelligence technology to obtain insights to increase productivity and ensure safety at job sites.

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Further key findings from the study suggest:

Considerable surge in deployment of project management and risk management solutions in the industry will create a massive potential for artificial intelligence solutions in the industry
Several benefits of AI including prevention of cost overruns, generative designs for buildings, risk mitigation, project planning, increased productivity, and safety has significantly contributed to market growth
Market players are focusing on providing advanced AI and big data in the industry, which offers advanced features, such as improved safety, post-construction solutions, budget management, and project planning
Key market players are considering partnerships and acquisition of startups providing innovative products to expand their outreach in the market
The key competitors in the artificial intelligence in construction market are IBM Corporation; Microsoft Corporation; Oracle Corporation; SAP SE; ALICE Technologies Inc.; eSUB Inc.; Smartvid.io, Inc.; Darktrace; Aurora Construction and Security; and Autodesk Inc.

Global Public Safety And Security Market, 2025 | 14.8% CAGR Growth till 2025

The global Public Safety And Security Market size is expected to reach USD 812.6 billion by 2025, expanding at a CAGR of 14.8% from 2019 to 2025, according to a new report by Grand View Research, Inc. The rapid modernization of public safety regulations and policies across the globe is anticipated to drive the market growth over the forecast period. These solutions have provided users with effective measures to ensure the safety of organizations, individuals, and critical infrastructure against multiple threats such as illegal immigration, terrorist attacks, and illegal drugs and arms trafficking. Furthermore, the rapidly increasing number of natural and man-made disasters is also expected to play a pivotal role in driving the demand for these solutions worldwide.

Over the past few years, an increasing collaboration among countries has been witnessed regarding the measures taken for public safety. Countries are hence focusing on establishing regional cooperation in the area of cross-border disaster management to address key issues by deploying emergency management systems, critical communication network infrastructure, and geospatial data collection and analysis tools, among others. Furthermore, developed as well as emerging economies around the world have realized the importance of public safety and security solutions in emergency and crisis management. Governments are now developing regulations and standards to improve surveillance and enhance public safety. Surveillance systems are particularly effective for transit agencies to monitor their systems remotely, while critical communication network enables secure communication between various units, which is crucial for crisis management.

Due to rapid digital transformation of global financial and banking systems, there has been a constant focus on deployment of digital security measures to deal with the increasing number of cyber-attacks. The increasing awareness regarding security systems, replacement of obsolete systems and technologies, and rise in hazardous industrial operations are also some of the major factors expected to drive the demand for these systems. Hence, to comply with the growing demand, there has been a significant increase in financial allocation by countries for upgrading and modernizing the existing information technology infrastructure and the setting-up of dedicated departments to deal with the emerging cyber threats. However, the high system acquisition and deployment costs and lack of interoperability between legacy and emerging security systems is hindering the growth of the public safety and security market.

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Further key findings from the study suggest:

Managed services is anticipated to emerge as the fastest-growing service segment over the forecast period owing to the increasing deployment of public safety and security solutions as part of smart city initiatives
The emergency & disaster management segment is expected to gain traction over the forecast period owing to the increasing need for these solutions for better management of natural calamities and emergency situations worldwide
The logistics & transportation systems segment is expected to register the highest CAGR over the forecast period due to the increasing focus of governments on the development of road and rail infrastructure projects
The Asia Pacific regional market is expected to grow at the highest CAGR from 2019 to 2025 owing to the increased spending on these solutions to improve public safety, particularly in emerging economies such as India and China
Key players operating in the market include Atos; ESRI; NEC Corporation; SAP SE; Cisco Systems, Inc.; Genetec; Harris Corporation; General Dynamics; Ericsson; and Huawei Technologies Co., Ltd.

In-flight Catering Services Market by Forecast to 2025 with Leading Key Players: Cathay Pacific Catering Services (H.K.) Ltd.; dnata; Gate Gourmet (gategroup); LSG Sky Chefs; and SATS Ltd.

The global In-Flight Catering Services Market size is expected to reach USD 24.75 billion by 2025, exhibiting a CAGR of 5.7% between 2019 and 2025, according to a new report published by Grand View Research, Inc. The market is expected to be driven by the rising passenger traffic owing to increased business and leisure travel, coupled with rise in the number of low-fare airlines worldwide. Also, the provision of lightweight packaging solutions and contemporary menu designs help the airlines form a strong brand image, thereby supporting the growth.

Increase in demand for nutritious and healthy food products onboard is anticipated to drive the market for in-house catering services over the forecast period. Airline caterers are increasingly making efforts to match passenger expectations in all terms, such as collaborating with celebrity chefs for creating multi-cultural and customized menus. Similarly, a few airlines are employing wine experts and chefs in an attempt to enhance their promotional activities.

The ongoing technological advancements are helping airlines with service enhancement during flight hours. In-flight catering has become one of the vital services offered by full-service carriers, whereas low-cost carriers have turned it into a prominent source of ancillary revenue. Many airlines prefer third-party caterers to achieve quality and provide affordable meal options to their customers.

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https://www.grandviewresearch.com/industry-analysis/in-flight-catering-services-market

Further key findings from the report suggest:

Growing preferences of passengers for organic, healthy as well as customized meal options during air travel is among the emerging trends in the market
Integration of technology for ordering F&B through the onboard In-flight Entertainment (IFE) system is anticipated to propel the demand for catering services in long-haul flights
The introduction of meals deigned by celebrity chefs as well as the availability of premium beverage offerings, such as wine, to attract the premium class passengers are expected to create significant opportunities for the airlines to maximize their ancillary revenue
Some of the leading key players in in-flight catering services market include Cathay Pacific Catering Services (H.K.) Ltd.; dnata; Gate Gourmet (gategroup); LSG Sky Chefs; and SATS Ltd.

Wednesday 28 October 2020

Artificial Intelligence Chipset Market Trends, Analysis, Outlook and Future Scope

The global Artificial Intelligence Chipset Market size is expected to reach USD 59.2 billion by 2025, according to a new report by Grand View Research, Inc. The artificial intelligence (AI) chipset market is anticipated to expand at a CAGR of 33.6% from 2019 to 2025. An artificial intelligence chipset is built on the concept of adding a dedicated component in an electronic device, to execute machine learning tasks. In addition, an increased amount of data has led to the need for high-speed processors and faster computing, which is addressed by incorporating artificial intelligence into the set of electronic components. For instance, Apple has implemented a neural engine in its A11 Bionic chip’s GPU to speed-up the third-party applications. With the growing implementation of AI in smartphones and other smart devices, the growth in the market has been boosted.

With the rise in artificial intelligence applications ranging from smartphones to the automobile industry, the adoption of AI-enabled chipsets has been noted considerably. In addition, the adoption of smart homes and smart cities is directly influencing the AI chipset market’s growth by providing numerous opportunities. High demand in high-speed processors due to increased data complexity is one of the major factors driving the growth of the market.

Artificial intelligence chipset is being adopted rapidly in the consumer electronics industry owing to the rising demand for faster processors. New types of hardware/semiconductor accelerators are being introduced with the rapid evolution in artificial intelligence with machine learning and deep learning. AI has been introduced to almost every industry and majorly in consumer electronics, which has come up with numerous opportunities in the semiconductors industry. Growing demand for faster computing processors with reduced operational and maintenance costs has certainly boosted the AI chipset market growth.

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https://www.grandviewresearch.com/industry-analysis/artificial-intelligence-chipset-market

Further key findings from the report suggest:

A considerable surge in smart home and smart city development is anticipated to create a broad potential for manufacturers in the artificial intelligence chip market
The integration of artificial intelligence using machine learning and deep learning with a set of electronic components is estimated to remain a substantial growth opportunity for the market. Prominent companies as IBM Corporation are significantly involved in the integration of new artificial intelligence capabilities such as natural language dialogue and storytelling in their AI chipset tools
Market players are focusing on providing advanced set of electronic components, which provides advanced features, such as visual intelligence for better recognition and differentiation of locations, spaces, and objects
Key market players are considering partnerships and acquisition of startups providing innovative products to expand their outreach in the market
The key competitors in the market are Advanced Micro Devices, Inc.; Google Inc.; Intel Corporation; Baidu, Inc.; Graphcore; Qualcomm Technologies, Inc.; Adapteva, Inc.; Mythic; Huawei Technologies Co., Ltd.; and Xilinx Inc.

About Us:

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.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Predictive Maintenance Market by IBM Corporation; Microsoft Corporation; SAP ERP; General Electric Company

The global Predictive Maintenance Market size is expected to be valued at USD 28.24 billion by 2025, expanding at a CAGR of 37.9% over the forecast period, according to a study conducted by Grand View Research, Inc. Growing demand for IoT and big data along with rising concerns in the organizations regarding asset maintenance and operational costs is expected to drive the growth. Moreover, deployment of predictive maintenance solutions can help organizations in reducing the downtime costs by accurately predicting asset failures.

The deployment of predictive maintenance solutions is not limited to the manufacturing sector. These solutions are now increasingly being deployed in energy and utilities, IT and telecommunication, and automotive and transportation, among others. Growing adoption of these solution in various sectors is anticipated to support the market growth over the forecast period.

Companies operating in the predictive maintenance market are also integrating sensor-based technologies with the predictive maintenance solutions to deliver an efficient solution to users. Additionally, the venders are also investing in R&D of remote maintenance solutions. The remote predictive maintenance solution is anticipated to support the maintenance activities in remote locations and also for unsafe working conditions.

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Further key findings from the report suggest:

A rise in deployment of customized predictive maintenance solutions is the key trend driving the growth of the integrated segment
Training and consulting services segment is expected to reach USD 1,991.8 million by 2025 owing to the growing need for skilled workforce for operating predictive maintenance solutions
Demand for cloud-based predictive maintenance solutions is likely to witness a rise owing to cost-effectiveness and easy maintenance of produced data through these solutions
Small and medium enterprise segment is projected to witness remarkable growth over the forecast period owing to reduce the operational costs associated with downtimes
Growth of the aerospace and defense segment is being driven by the growing demand for effective flight operation and avoidance of mishaps or accidents due to failure of any component within the airplane
Asia Pacific predictive maintenance market is anticipated to witness the highest growth owing to rising adoption of deep learning and artificial intelligence technologies in the region
Key players operating in the market include IBM Corporation; Microsoft Corporation; SAP ERP; General Electric Company; Siemens AG; Schneider Electric SE; Software AG; Accenture plc; Honeywell International Inc.; and Cisco Systems, Inc.

About Us:
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.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Virtual Sensors Market by Siemens AG, General Electric Company; Aspen Technologies, Inc.

The global Virtual Sensors Market size is expected to reach USD 1.4 billion by 2025, expanding at a CAGR of 27.2%, according to a new report by Grand View Research, Inc. Growing use of virtual sensors in the human activity recognition and in the healthcare domain is driving the market. Implementation of cloud platforms integrated with IoT applications is driving the market growth.

A virtual sensor is expected to achieve multiple objectives built for a specific purpose and result in a meta-analysis about its environment. These circuits can range from very simple to very complex design and undergo changes to produce a desired output. The device is an intangible form of sensor which is activated via two kinds of input, one from user and other from physical sensor. However, virtual sensors, in terms of capabilities are much beyond physical devices that can work individually and collectively irrespective of their physical counterparts.

Trends such as new product launches and agreements are likely to be witnessed in the market. In order to enhance industrial facilities, GE offers virtual sensors to reliantly work on predix, which is a cloud-based platform mainly used in the industrial space. Moreover, Siemens AG is working on digital twin technology for the development of virtual sensing solution for its customers. Siemens AG has developed Simcenter solution that is combining the system simulation and 3D CAE for predicting the performance parameters earlier and throughout the product lifecycle.

The solutions segment is expected to witness largest virtual sensors market share over the forecast period. This is attributed to advent of industry 4.0 and rising demand for cloud-based solutions in the manufacturing facilities. Such solutions are anticipated to promote the robot guidance operations by sensing and reducing accidents.

The market in Asia Pacific offers lucrative growth opportunities in terms of technology output, competitive advantage, and relevancy. In addition, the market witnesses a high influx of investments by stakeholders in various verticals pertaining to product development. Compliance policies and government regulations are pivotal in creating a sustainable market development. North America is expected to hold largest market share over the forecast period. This is attributed to rising demand for IoT cloud models and continuous innovations in the field of VR. In addition, growing adoption of advanced technologies among the companies in the region is driving the market growth.

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https://www.grandviewresearch.com/industry-analysis/virtual-sensors-market

Further key findings from the report suggest:

The service segment is anticipated to witness higher growth owing to growing training and consulting activities for imparting significant knowledge and advantages of virtual sensors
The cloud deployment segment is expected to witness a steady market growth, which can be attributed to the rise in use of IoT approach
The aerospace and defense segment is accelerating the product demand for enhancing the passenger’s safety and safer flight operations
The key players in the virtual sensors market are Siemens AG, General Electric Company; Aspen Technologies, Inc.; Elliptic Laboratories A/S; and Tactile Mobility.

About Us:
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.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com