Technology Market report

Thursday, 8 October 2020

Distributed Temperature Sensing Market: Growth Drivers and Forecast to 2025

The global Distributed Temperature Sensing Market size is anticipated to reach USD 849.0 million by 2025, according to a new report by Grand View Research, Inc. It is expected to exhibit a CAGR of 10.7% from 2019 to 2025.

In the Distributed Temperature Sensing (DTS) the optical fiber are used as a sensor. The operators can receive information related to temperature after installing such sensors in the fiber cable. The adoption of these sensors has increased rapidly in recent years due to their cost advantages. The DTS uses standard telecoms fiber, thereby requiring no special sensors, and thus saving cost. The cost of material, system design, installation, and maintenance are very low for these sensors, which in turn is projected to positively influence the market growth.

DTS offer fully distributed data, which minimized uncertainties and increased the amount of information received. In addition, these sensors offer very high reliability along with immunity to electromagnetic interference and shock/vibration. Also, distributed temperature sensing can be easily used in space-restricted areas. It also offer other advantages, such as high-temperature performance, long measuring ranges, high-temperature resolutions.

Various advantages of DTS contribute to its adoption across various industrial applications. Distributed temperature sensing is used for long length applications, such as in power cables, tunnels, and pipelines. The oil and gas segment are expected hold majority of the market share by 2025. The oil well industries are prominent customers, owing to its small size and easy accessibility of DTS. The safety and security segment is expected to register the fastest CAGR over the forecast period, due to substantial use of DTS in safety-critical applications where all points need to be monitored is also observed. These critical applications include electrochemical processes, LNG plants, and refineries.

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Further key findings from the report suggest:

Optical Time Domain Reflectometry (OTDR) is anticipated to continue holding the largest market share over the forecast period, owing to high usage of OTDR as it offers robust measurements
The multi-mode fiber is projected to hold a high market share in near future. This type of fiber has better ability to launch more power than single-mode fiber, which is expected to drive the growth
Benefits such as high spatial density and distributed temperature profile provided by a distributed temperature sensing are driving the growth of market
Asia Pacific is expected to register significant growth over the forecast period, owing to the rising adoption of cost efficient and reliable temperature measuring solutions
Key market players areSilixa Ltd, AP Sensing GmbH, NKT Photonics A/S, Bandweaver, Sensornet Limited, OFS Fitel, LLC., Schlumberger Limited, Halliburton, OPTROMIX, and Yokogawa Corporation of America

About Grand View Research

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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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

Wednesday, 7 October 2020

Latest Research Insights on Soil Moisture Sensor Market, 2025

The global Soil Moisture Sensor Market size is estimated to reach USD 433.3 million by 2025, growing at a CAGR of 14.0% from 2019 to 2025, according to the new report conducted by Grand View Research, Inc. The soil moisture sensor measures the volumetric water content in the soil. Increasing adoption of the device across sports and agricultural sectors for ensuring requisite water content level in fields/turfs is driving the market growth worldwide. The device plays a crucial role in the afore-mentioned sectors as water infiltration depends on the soil moisture. This, in turn, is driving demand for water content meter for consistent monitoring. Thus, rising concern about land condition is anticipated to drive the growth of the market.

Furthermore, increasing demand for soil-water measuring device owing to water scarcity and resulting challenges with respect to water conservation is triggering the market growth. Moreover, the advancements in technology, leading to the introduction of wireless sensors that help end-users provide accurate, real-time measurements from a remote location, are anticipated to drive market in the coming years.

North America dominated the market in 2018. The region is house to a large number of product manufacturers. Asia Pacific is projected to exhibit a CAGR of over 15.0% between 2019 and 2025. Changes in climatic conditions have had an adverse impact on agricultural conditions in the region. The resulting need to monitor water content in agricultural land on regular intervals is driving the adoption of moisture monitoring devices, especially among farmers in the region.

The industry participants in the region are making significant investments. South America is expected to register considerable growth in the coming years owing to increasing use of the moisture monitoring devices to prevent soil degradation and achieve optimum consumption of water resources. The main cause of degradation in the region includes water erosion, deforestation, and intense application of agrochemicals.

The prominent players operating in the market include The Toro Company (U.S.); Campbell Scientific Inc. (U.S.); IMKO Micromodultechnik GmbH (Germany); Delta-T Devices Ltd (U.K.); Irrometer Company, Inc. (U.S.); and E.S.I. Environmental Sensors Inc. (Canada).

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Soil Moisture Sensor Market Report Highlights

Increasing adoption of farm mechanization practices is propelling the demand for soil-water measuring devices in the agricultural sector
Adoption of volumetric soil moisture sensor was highest in 2018 due to demand from multiple segments including sports, agriculture, and weather forecasting
North America accounted for the largest market share in 2018. This can be majorly credited to the assistance provided by the U.S. Government to farmers for the adoption of state-of-the-art agriculture technology. In addition, in November 2016, the Canadian government invested USD 425,000 in Clean Seed Agricultural Technologies Ltd. to enhance and commercialize precision agriculture technology
Europe is expected to register strong growth during the forecast period owing to the increasing adoption of GIS-based sensors, especially in the agriculture sector
Some of the key market players are Sentek (Australia); METER Group, Inc. USA (U.S.); Acclima Inc. (U.S.); Plaid Systems; and Stevens Water Monitoring Systems Inc. (U.S.).

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Tuesday, 6 October 2020

Cyber Insurance Market: Growth Drivers and Forecast

The global Cyber Insurance Market size is expected to reach USD 19.2 billion by 2025, expanding at a CAGR of 25.6% over the forecast period, according to a new report by Grand View Research, Inc. Cyber insurance is anticipated to aid businesses in minimizing losses incurred due to potential threats of cybercrimes such as ransomware, malware, distributed denial-of-service attacks, or other threats, which can severely compromise a network. Cyber insurance covers the liability of a business for breach of data, comprising sensitive customer information such as credit card details, social security numbers, drivers’ license numbers, account details, and health records.

Technological advancements have proliferated the use of Internet of Things (IoT), artificial intelligence (AI), robotics, and virtual reality (VR) and augmented reality (AR), thereby positively influencing the use of these technologies at workplaces and homes. However, these developments have created new threat vectors. The insurance industry enables an organization or consumers to minimize cyber risks associated with these emerging threats.

Demand for cyber insurance primarily originated from IT, banking, media, and telecom firms, which are exposed to severe cyberattacks. These firms demand robust cybersecurity structure against malware attacks and loss of confidential information of clients. However, cyberattacks and threats are inevitable as hackers have developed sophisticated ways of targeting different businesses. The types of cyberattacks against businesses are continually evolving and cyber insurance acts as a convenient solution for organizations to receive compensation for financial losses incurred.

Growing awareness of cyberattacks has enabled organizations to understand, address, and diversify their risk strategies. Rising demand for cyber insurance protection coverage in areas beyond retail, healthcare, and financial institutions, such as professional services, is further driving the market. Cyber risk insurance is anticipated to be an alternative way to mitigate damage caused by breach of data. Insurers evaluate the strength of a company’s cybersecurity stance before issuing any policy. However, if an organization has not invested in appropriate cybersecurity solutions, then it may not qualify for insurance.

Stringent legislation concerning cybersecurity in several states in the U.S. has led to greater penetration of cyber liability policies. The U.S. cyber insurance market has witnessed exponential growth in the recent past. Presence of key players in the country is further strengthening the domestic market.

Rapid industrialization in developing economies such as China, India, and other South Asian countries is anticipated to drive the Asia Pacific market. This regional market is expected to exhibit the highest CAGR over the forecast period. Rising number of small and medium businesses in the region is anticipated to create a substantial demand for cyber insurance businesses.

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https://www.grandviewresearch.com/industry-analysis/cyber-insurance-market

Further key findings from the report suggest:

The global cyber insurance market was valued at USD 4.3 billion in 2018 and is expected to exhibit a CAGR of 25.6% from 2019 to 2025
The large enterprise segment accounted for dominant share of over 85.0% in 2018. The SMB segment, on the other hand, is anticipated to register the highest CAGR of 15.3% over the forecast period
The BFSI application segment accounted for a revenue share of over 24.0% in 2018. The healthcare segment is anticipated to expand at the fastest pace over the forecast period
Key players operating in the market include AON Plc; American International Group, Inc.; Allianz Group; Berkshire Hathaway; and Lockton Companies, Inc.
The North America market accounted for the largest revenue share of over 76.0% in 2018

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Wireless Charging Market Trends, Growth Opportunities and Overview Report

The global Wireless Charging Market is projected to reach USD 22.25 billion by 2022. Increase in the demand for hassle-free charging pads is driven by factors including entangling of charging cable, insufficient availability of electric sockets in public places and malfunctioning ports due to continuous usage. These key factors are expected to increase the popularity of wireless power systems. Adoption of this technology in sectors such as healthcare and military services is expected to offer new horizons for market growth and provide new opportunities to expand.

Compatibility issues with solution standards set up by wireless charging associations, namely Wireless Power Consortium (WPC) and Air Fuel Alliance, are expected to pose a challenge for the manufacturers and distributors over the coming years. Key market players including Samsung, Qualcomm, and Broadcom act as members of these associations and play a vital role in the development of innovative technologies.

Inductive technology dominated the market with a share of over 50.0% in 2014 owing to increasing demand from Electric Vehicles (EVs) and widespread application of WPC’s Qi platform in consumer durables and electronics.

RF technologies are expected to witness rapid growth and capture market share of inductive technology over the forecast period. The major advantage of Resonant technology is its capability to charge multiple devices simultaneously thereby gaining an edge over RF technology which is tailored for small devices such as medical implants and wearables.

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http://www.grandviewresearch.com/industry-analysis/wireless-charging-market

Consumer electronics accounted for over 60.0% share in 2014 owing to increase in adoption of this technology in tablets and smartphones. The healthcare sector is estimated to witness a growth rate of over 40.0% from 2015 to 2022. Deployment of ultra-small devices such as sensory instruments and cybernetic implants into the body has become a simplified procedure owing to its ability to be charged wirelessly. Extensive R&D related to the development of new methodologies and techniques for wireless charging by numerous organizations namely Stanford University is expected to propel growth over the forecast period.

Asia Pacific accounted for a significant share of the global market, which can be attributed to rising demand for smart devices such as tablets and smartphones and increase in demand for electric vehicles in the region. Western Europe and the U.S. form the key regional markets on account of growing consumer preference and inclination to spend on quality consumer electronic products designed for the niche segment. Increasing adoption of powering mats and charging hotspots for consumers by global food chains including McDonalds and Starbucks is expected to have a positive impact on demand.

Africa and Latin America are untapped markets and are projected to observe the high adoption of wireless/cordless charging over the next seven years. The wireless charging market is characterized by huge investments by industry players to enhance and optimize existing functionalities. Key players include Qualcomm, Integrated Device Technology (IDT), PowerbyProxi, Samsung, Broadcom, and WiTricity Corporation.

Qualcomm introduced a new cordless docking station 802.11ad WiGig dock which can be used with snapdragon 820 processor and initiates powering when docked onto the station. Qualcomm entered into a tie-up with Efacec, which plans to launch powering options for electric hybrid vehicles. WiTricity has developed technologically advanced processes to charging in multiple applications including automotive, consumer electronics, medical and industrial.

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Retail Automation Market Worth $19.17 Billion By 2025

The global Retail Automation Market size is expected to reach USD 19.17 billion by 2025, at a CAGR of 8.7% according to a new report by Grand View Research, Inc. Retail automation technology is witnessing increasing demand among the growing urban population since it offers improved service quality and instant access to everything ranging from carts to food. Advantages such as business optimization and improvement in service quality have resulted in increased penetration of the technology.

Additionally, there are huge opportunities for advancements in retail automation systems owing to the increasing usage of smartphones and enhanced internet accessibility. This, in turn, is expected to fuel the growth of the retail automation industry. The increasing adoption of the technology by a number of end users such as hypermarkets, supermarkets, convenience stores, fuel stations, and retail pharmacies is anticipated to boost the market over the forecast period.

The retail automation market has been segmented based on products into barcode and Radio-frequency identification (RFID), point of sale (POS), cameras, electronic shelf labels, autonomous guided vehicles, and others. RFID technology is enabling retailers to compete with online sellers as it helps facilitate regular inventory checks, which in turn leads to inventory accuracy. Self-checkout terminals have grown substantially due to the benefits that they offer for retailers in improving the customer experience. Automation is gaining significance as retailers are using a combination of mobile devices, self-checkout, digital kiosks, proximity beacons, and workforce and task management solutions to remain competitive in the market.

The growing awareness and popularity of retail automation are encouraging manufacturers to invest in research & development for creating better, more reliable, and cost-effective products. Manufacturers are making significant investments to develop new products in an effort to enhance user experience.

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Further key findings from the report suggest:

The growing demand for retail automation can be accredited to the increasing demand among retailers for business optimization and improvement in service quality.
The growing penetration of the Internet of Things (IoT) and enhanced internet accessibility, which help direct digital controls for improved Machine-to-Machine (M2M) communication, have encouraged retailers to adopt the retail automation technology.
Innovative technologies such as artificial intelligence (AI), machine learning, digital traceability, and robotics are also some of the key factors expected to drive the demand for retail automation over the projected period.
The North American region accounted for the largest market share in 2016, which may be attributed to its large consumer base.
Some of the key industry participants include Diebold Nixdorf, Incorporated (U.S.), Fujitsu Limited (Japan), Honeywell International Inc. (U.S.), NCR Corporation (Georgia), and ZIH Corp. (U.S.).

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

Monday, 5 October 2020

Mobile Virtual Network Operator Market Trends, Growth Opportunities and Overview Report

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.

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Mobile Virtual Network Operator Market Report Highlights

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.

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

Gardening Equipment Market: Emerging Trends and Industry Outlook

The global Gardening Equipment Market size is expected to reach USD 102.3 billion by 2025, according to a new report by Grand View Research, Inc. Mounting investments in the novel gardening tools to replace the old equipment is expected to be a major factor spurring market growth. The rising housing activity capacity to meet the ever-growing population’s demand is estimated to act as a key driver augmenting growth. Never the less, the seasonal variation witnessed by the manufacturers is estimated to challenge the industry over the near future.

The global gardening equipment market is anticipated to witness high growth over the forecast period. This may be accredited to the advent of technologically advanced products such as battery-powered hand tools and robotic lawnmowers. Further, remote-controlled and GPS-equipped lawnmowers are expected to gain traction in the near future, thereby spurring equipment sales. The rising espousal of gardening as a hobby is expected to further catapult equipment market growth over the next nine years.

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Gardening Equipment Market Report Highlights

The lawnmowers segment captured over 30% of the total revenue in 2015 and is projected to exhibit a significant growth at a CAGR of over 4.0% from 2016 to 2025, which is attributed to their extensive usage in the commercial complexes such as shopping centers, hospitals, churches, and public parks.
On account of the wide scope of purposes gardening equipment serve in trimming, cutting, and shaping the plants & shrubs at the residential complexes, the residential segment is expected to gain prominence over the forecast period with an estimated CAGR exceeding2.0%.
Asia Pacific emerged as the fastest-growing market and is expected to grow at a healthy compound annual growth rate of over 3.0%, which is primarily due to the improved social lifestyle of the escalating base of wealthy middle-class population in the region.
The key purveyors in this industry comprise Deere & Company, Toro, Bosch Power Tools, MTD Products, Honda and Husqvarna Group, as the international players hold a strong foothold in the market making it difficult for the local suppliers to compete.