Intelligent Virtual Assistant to Provide Innovative Solution for Smart Home Appliances

31 August 2020: The intelligent virtual assistant (IVA) market is expected to grow considerably on account of rising adoption of the technology across several applications including BFSI, healthcare, and automotive, among others. The intelligent virtual assistant (IVAs) provides critical automation assistance to various business, organizations, and individuals. They include various advantages such as smart speakers and chatbots that assist them in various tasks and recognizes and listens to the requirements of the individuals. The virtual assistants are used in various tasks such as scheduling appointments, training, and other individual as well as business activities.

Smart Speakers Applications in Residential and Commercial Sector Fuels Segment Growth

On the basis of product, the smart speakers segment is the fastest growing segment in the market owing to their extensive use in commercial and residential sector. There is an increasing demand for the adoption of smart speakers in smart offices, smart homes, and automotive applications. Moreover, increasing use of smartphone has also been a major factor driving the growth of the market. Industrialization, increasing urban population, and the need for efficiency have created a need to integrate smart home appliance. These smart homes have automation system that controls various appliances such as security systems, smart thermostats, and HVAC through internet. Smart speakers connected with smart appliances help reduce the amount of work to be done.

In 2018, Chatbots accounted for the largest share of the market. Various sectors such as insurance, banking, retail, and consumer goods extensively use chatbots. Tele-callers use these chatbots in banking operations. Other text based technologies such as automated speech recognition (ASR), Text to Speech, etc. help chatbots communicate efficiently with the customers.

Market Insights

Factors responsible to drive the demand for the intelligent virtual assistant are automation in customer service sectors, usage of smartphones, increasing smart homes, and growing demand for home assistance. Another major factor propelling the growth of the market is increasing focus on patient engagement and the evolution of IoT. Advancement in speech and voice recognition technologies such as Amazons’ Alexa and Apple’s Siri, is another factor likely to have a positive impact on the virtual assistant market.

Due to their ability to listen to consumers’ inquiries and respond accordingly, intelligent virtual assistants are rendering everyday tasks conveniently. For instance, virtual assistants help users purchase services or a product by reducing wait time over a call for customer service. Capabilities of a virtual assistant can be tailored to suit several industries in order to improve customer experience. 

Leading companies in the market are aggressively inclined toward R&D activities and are keen on innovations. Major leading companies in the intelligent virtual assistants market include Oracle Corporation; Nuance Communications, Inc.; Welltok Inc.; Microsoft; True Image Interactive Inc.; IBM Corporation; eGain Corporation; Apple Inc.; Amazon; MedRespond; Verint; Google Inc.; CodeBaby Corporation; CSS Corporation; and Next IT Corporation. 

Increased Demand for Grow Light from Greenhouse Boost the Market

5 May 2020: Grow light is an electric, artificial source of light that can stimulate the growth of plants by releasing electromagnetic radiation helping in photosynthesis. The lights are mainly used in applications where no natural light is available or where additional light is required. Numerous geographical regions are deprived of sunlight for extended periods of time throughout the year where grow lights could have major applications.

Various types of lights are mainly used to create a fitting light spectrum that can support the procedure of photosynthesis in plants. Food production, indoor gardening, plant propagation, hydroponics, and horticulture are some of the significant areas where grow light is widely used. The farmers have become progressively conscious of the benefits of grow lights, which is expected to boost the demand for the market in the forthcoming period. 

Commercial Greenhouse Sector to Dominate the Market

The major application variants of the grow light market include vertical farming, indoor farming, and commercial greenhouse. In terms of revenue, the commercial greenhouse sector will dominate the market in years to come whereas the vertical farming sector is anticipated to grow at the highest rate over the forthcoming period. The development is attributed to the increasing use of grow lights and technological advancements in the field of farming.

In addition, factors such as growing technological progressions and rising use of indoor vertical farming are anticipated to propel the market over the forthcoming period. The vertical farming sector is getting extensively accepted in countries like China, Japan, Netherlands, etc. 

In vertical farming, herbs and medicines can be produced in vertically loaded layers that are assembled using skyscraper, shipping, or warehouse containers. It uses Controlled-Environment Agriculture (CEA) to regulate several environmental factors such as temperature, humidity, light, and water. Some vertical farms use greenhouse procedures, where sunlight can be improved with grow lights and metal reflectors. 

Market Insights: 

In grow light industry, companies are opting for more investments inclined toward large-scale deployment of grow lights, partnerships with other industries, and mergers and acquisitions for building their technical abilities. In March 2019, Signify, the global leader in lighting, used the Philips Greenpower LED manufacturing module range to offer the Japanese food supplier, Prime Delica, the ability to grow superior quality lettuce, coriander, and spinach all year round. 

Leading players operating in the grow light market include AeroFarms; GAVITA Holland bv; and Illumitex, Inc.

The Application Container Technology offers Enhanced Data Storage

3 October 2019: The application container market has witnessed growth due to high demand for the adoption of technology in various sectors such as healthcare, retail, finance, banking, and telecommunication. The technology is largely adopted by financial services, insurance, and banking owing to its features such as simplified administration process and cost-effectiveness. Other benefits of the technology include deploying multiple solutions on a single OS kernel, and upgrading, monitoring, scaling, and scheduling.

Business sectors such as manufacturing, industrial, and retail use Internet-of-Things (IoT) devices and produce large amount of data. Cloud based application container technologies offer storage of such data, allow remote access, and provide built-in security features. Thus, increase in use of IoT devices has increased data generation thereby fueling market growth. 

Cross cloud portability promote cloud deployment

The cloud deployment segment is expected to attain highest CAGR over the forecast period (2019 - 2025). The factor expected to drive the segment is increasing use of public and private hybrid cloud technology. Increasing adoption of cloud deployment is due to inclination of corporations toward reducing capital expenses and costs associated with developing and maintaining on premise infrastructure. 

For instance, in 2017, Google announced collaboration with Pivotal, a new service that enables enterprises and service providers to deliver production-ready Kubernetes. The application container technology offers organizations a path to hybrid cloud for managing their applications across public and private clouds. This approach offers Kubernetes to builds on the pace of the process and helps tackle the demand for the open-source container orchestration system. The previous year Google announced PCF on Google Cloud Platform, enabling users to deploy and build apps to store, scale, and analyze data on-premises and in the cloud. 

Market Insights

Major players of the application container industry are incorporating various strategies such as expansions, new product launches, joint ventures, agreements, acquisitions, partnerships, and others in order to strengthen their position in the market. Software development companies are keen to integrate this technology by forming strategic alliances with application container developers. 

Prominent players in the application container market include International Business Machines Corporation (IBM); Amazon Web Services, Inc.; Google, Inc.; Cisco Systems, Inc.; and Red Hat, Inc.

Technological Advancements to Boost Health Intelligent Virtual Assistant Industry

3 September 2019: Health intelligent virtual assistant is a software unit that interfaces with users in a human way. The main objective of this software is to respond to the queries that customers have. It eliminates searching the website for enquiries and also reduces waiting period for a client in the queue. 

Text to Speech Technology segment estimated to account for the largest share in 2017

The major technology variants in the health intelligent virtual assistant market include text-based, text to speech, and automatic speech recognition (ASR). The automatic speech recognition (ASR) is estimated to show the most promising CAGR in the forthcoming period. 

In addition, it is mainly used to find alphabets or words and also to authorize a person’s identity. High acceptance of smart chatbots and speakers for medical counseling by numerous therapists for the patient appointment is participating in developing the market for health intelligent virtual assistant.

Automatic Speech Recognition (ASR) is followed by text to the speech technology sector. It allows computers to translate human speech or convert voice or audio and transcribe it to written text for the fast interpreting of the content. 

Technological advancements in the field of conversation interface, neuro-linguistic programming, AI, and machine learning procedures and automation have made virtual assistants a beneficial tool. 

These technologies are assessable in the form of virtual assistants by top firms, such as Google, Apple, and Amazon. Products presented by these companies work as mediators between enterprise services and their customers.

Market Insights:

Key companies are introducing products that allow equipment or app to act as artificial intelligence (AI) agent. The virtual assistance offers humanistic approach to customers and are widely used in pharmacies, hospitals, and other associated areas to handle more customers while delivering improved user experience. 

The manufacturers are mainly focusing on technology, innovation of products, and mergers and acquisitions in order to support their presence throughout the world. For example, in September 2018, Nuance Communications, Inc. and Epic Systems Corporation partnered on a technology called voice assistance.

Additionally, numerous companies are launching new technology and applications to act as an artificially intelligent agent to improve and uplift the user experience and bridge the gap between patients and clinicians through improved communication services.

Key companies operating in the health intelligent virtual assistant market include Code Baby Corporation; Nuance Communications, Inc.; eGain Corporation; Microsoft Corporation; Kognito; Med Respond; Next IT Corporation; CSS Corporation; Welltok, Inc; and True Image Interactive, Inc. 

Construction of Energy-Efficient Data Centers to Boost White box Servers

30th July 2019: A white box server refers to modified servers that are either home built or built by white box suppliers named Original Design Manufacturers (ODMs) such as Supermicro. The term white box simply means that the equipment is generic or unbranded. The parts of this white box are mainly purchased individually that contribute in cutting costs as well as offers data center professionals and hobbyists alike more customization to improve and fit their needs.

Type Segment to Contribute Substantial Demand to the Market

The major type variants in the white box server market include density-optimized, rack and tower, and blade. The rack and tower segment accounted for the largest share in the market and will continue its dominance over the forthcoming period. The growth of the market is attributed to the distribution of rack and tower servers in a traditional IT environment. 

Furthermore, this segment offers an essential level of performance suitable for IT procedures and are suggestively inexpensive than other types, which are anticipated to boost the segment growth in the forecast period. 

In addition, the rack and tower segment are followed by the density-optimized sector, which is anticipated to record the highest CAGR throughout the forthcoming period. The growth of this segment is attributed to the increasing use of high-density servers across hyperscale data center environments contributing enhanced energy efficiency, high performance, and ability to handle huge loads.

Market Insights

Industry players are extremely focused on R&D initiatives to come up with power and cost-effective solutions along with enhanced storage solutions that can increase system performance up to 50% as related to outdated one. Key players in the market are estimated to highlight on modernizing server design and go-to-market policies to cope with developing transition state of the market.

Quanta Computer Inc., a major player in the market has invented the Quanta 4U quad-processor rackmount server that carries reliability, scalability, and high performance to enterprises. This has an outstanding development capacity that makes it ideal and competitive for large-data-set assignments and business-critical applications such as Enterprise resource planning (ERP), Customer-relationship management (CRM), etc. 

Leading players operating in the white box server market include Celestica Inc.; MiTac Holdings Corp.; Compal Electronics; Super Micro Computer Inc.; Penguin Computing; Hyve Solutions; Quanta Computer Inc.; Wistron Corporation; Inventec Corporation; ZT Systems; and Hon Hai Precision Industry Company Ltd.

Application Container-What You Should Know About It?

2 July 2019: Application container is an OS-level virtualization technique used to run and install distributed applications without introducing whole virtual machine (VM) for every application. The containers can work on the bare-metal systems, virtual machines, and cloud across diverse operating systems such as Windows, Mac OS, and Linux.

BFSI Application Segment to Contribute Substantial Demand to the Market

The major application variants of the market include telecommunication and IT, healthcare and life science, banking, financial services, and insurance (BSFI) segment, media and entertainment, retail and e-commerce, etc. The BFSI segment accounted for the largest share in the market and will continue its dominance over the forthcoming period. Growing use of containerization in BFSI owing to its benefits such as ease of management, secured environment, and cost-effectiveness, has led to its growth in the market.  

For instance, an Application Platform-as-a-Service (PaaS) is introduced by Barclays as a part of its cloud program, whereas OpenShift Container Platform by Red Hat, Inc. was mainly used by the bank to improve its IT infrastructure. The platform allowed quicker release to inform timetable and assisted inventors in gaining incomes on demand.

The telecommunication and IT sector are anticipated to record healthy CAGR over the forecast period. The segment is anticipated to grow at the maximum rate in the Asia Pacific, with India, Japan, and China being the most profitable markets in the region. Globally, enterprises in the e-commerce and retail industry are using the Docker platform to improve and secure their software supply chain and provide seamless DevOps workflows. 

Market Insights:

Leading players operating in the application container market include International Business Machines Corporation (IBM); Red Hat, Inc.; Google, Inc.; Cisco Systems, Inc.; and Amazon Web Services, Inc. 

To improve container management and security on Kubernetes, Docker, Inc. announced Docker Enterprise Edition 2.0 in April 2018. This company is a major provider of these solutions and is continuously increasing its R&D expenditure to develop innovative products. Leading software development businesses are starting strategic alliances with application container developers to incorporate this technology into their products.

In May 2018, Red Hat, Inc. assisted power Tata Communication Ltd.’s IZO private cloud, a combined cloud platform, with its OpenStack, a cloud computing platform and Openshift, a Kubernetes platform. Acceptance of the platform allowed Tata Communication Ltd. to reduce time-to-market for its services  and also helped improve customer experience.

Computer Vision Approach to Hand Gesture Recognition

2 May 2019: Gesture recognition has already made its foothold in gaming and media markets and is currently spreading its wings across various other sectors. It can be seen as a way for computers to understand human body language, therefore bridging the gap between humans and machines as compared to primitive text user interfaces and graphical user interfaces (GUIs).  

This technology is catering to numerous business needs but is accompanied with major shortcomings. The available solutions offer very less or no flexibility as these are tightly coupled with corresponding hardware. Most of these devices come with a pre-defined camera configuration thus, leaving no room for using other customized cameras. As a result, manufacturers are striving to build solutions that can support multiple hardware platforms. Ongoing research and development activities are aimed to bring in alternatives that can comply with targeted OEM norms like medical, automobile, and educational sectors. 

Constructing the System

Machine learning is the primary technology used for designing gesture recognition devices and has emerged as a stepping stone to processing images and creating the desired features. Kinect sensor developed by Microsoft can detect motion of an object with sensor depth ranging from 800mm to 4000mm. It has successfully cut down cost barriers owing to its affordable depth mapping sensors. Another product in the market is the Myo wrist band, is a wireless device, known for its touch-less visual entertainment features. It has been increasingly adopted in hospitals, sports business, and entertainment sectors. 

Even though self-driving cars still have a long way to go, artificial intelligence is making breakthrough achievement in taking over driver controls. Waymo self-driving car can identify appropriate traffic cop hand gestures or signals by taking control of the vehicle and disengaging driver inputs. Ultigesture has developed a new level of interaction that uses the driver’s arm movements and creates a natural and connected driving experience with no bulky controller.

Market Insights:

The competitive landscape showcases the profiles and business strategies of the major players, along with their recent developments. Some of the major contenders operating in the market consist of GestureTek technologies; OmniVision Technologies, Inc.; Cognitec Systems GmbH; Infineon Technologies AG; PointGrab; eyeSight Technologies Ltd.; SOFTKINETIC; Elliptic Laboratories A/S; Crossmatch; Intel Corporation; Qualcomm Technologies; Microchip Technology Inc.; Google, Inc.; and Sony Corporation among others. 

Connected Mobility Technology to Drive EV Infotainment Market

17th October 2018: The electric vehicle (EV) infotainment market valuation is projected at USD 225 billion by 2025, according to a report by Grand View Research, Inc. Electric vehicles are in high demand since the debut of the Tesla Roadster in 2008. Infotainment systems or in-car entertainment (ICE) systems have become common due to emergence of ride-sharing companies. Need for entertainment and availability of latest shows on over-the-top (OTT) applications can lead to its implementation in latest models of EVs.

The transition towards connected technologies by automotive manufacturers and improvements of existing technologies such as Wi-Fi and Bluetooth is another factor which can influence minds of auto makers. Presence of only two major operating systems such as Android Auto and Apple CarPlay will culminate in auto makers siding with software developers to gain a competitive edge over each other. In 2017, Audi presented a futuristic infotainment system developed on Android. The multimedia interface (MMI) display in conjunction with Google Maps can offer its drivers a seamless and non-distracting driver experience.

Human-machine interface (HMI) technologies such as heads-up displays, gesture recognition, voice recognition, and large touchscreen interfaces are some of the offerings given by premium auto makers. Solutions such as virtual assistants and augmented reality to provide an enhanced experience can entice consumers. In 2017, Cinemo GmbH, a German manufacturer, decided to partner with HUMAX Automotive, a South Korean ICE provider, to provide enhanced audio and video performance in electric vehicle ICEs. The multimedia platform of Cinemo can play corrupt discs or legacy audio formats. 

The EV infotainment market demand is expected to exhibit a 69% CAGR from 2017 to 2025 due to high sales of electric vehicles. Emergence of connected cars and demand for high-end in-car entertainment systems is predicted to propel market revenue during the forecast period (2015-2025). Availability of wireless systems and rising investments in intelligent transportation systems (ITS) are anticipated to generate good returns by 2025. Key market players include Continental AG; Harman International Industries Inc.; Panasonic Corporation; and Aisin Seiki Co., Ltd.

Ease of Scaling Businesses Driving Cloud Managed Services Market

10 October 2018: The global cloud managed services market size can touch USD 82.51 billion by 2025, according to a report by Grand View Research, Inc. Cloud managed services are business models provided by cloud service providers to corporations to digitize their data and conduct transactions seamlessly. Penetration of smartphones and rising trend of bring your own devices (BYOD) in enterprises have encouraged businesses to transition to the cloud to provide efficient customer services.

Emphasis on customer experience has led businesses in retail and healthcare sectors to integrate cloud in their business models. Use of bots and big data assisted organizations in replying to queries and resolving them at a rapid pace. Recently, IBM Corporation offered a cloud-based enterprise resource planning solution to a prominent footwear company to reduce operational costs. The company managed to scale its operations seamlessly while focusing on designing and selling quality footwear.

Although Amazon was one of the first to offer public cloud services, other behemoths such as Google and IBM joined the bandwagon. Public cloud has gained prominence owing to its low cost as compared to private cloud services. Availability of software-as-a-service cloud models to handle data at a centralized location can convince consumers to subscribe to such services. The call for heightened security measures can be answered by cloud managed services due to their transparent setup in various companies.

The cloud managed services market is expected to expand at a 15.4% CAGR from 2014 to 2025 (forecast period) to pressing need to focus on core business operations. Increasing demand to minimize IT costs can augur market growth. Advantages such as flexibility and scalability provided to businesses with the assistance of Cloud can lead to its implementation in small and medium enterprises (SMEs), boosting market demand in the process. Key market players include NTT Data Corporation, Ericsson, Fujitsu Limited, and IBM.

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Encryption of Sensitive Data to Fuel Blockchain Technology Market

8 October 2018: The global blockchain technology market is anticipated to reach a market capitalization of USD 7.74 billion by 2024, according to a report by Grand View Research, Inc. Blockchain technology (BT) is an online ledger which stores data in blocks, with each block assigned a separate hash pointer with the help of cryptography. The open-source and decentralized nature of the technology made it an attractive pick by technology enthusiasts to conduct financial transactions securely. It can be used in identity management, food traceability, and management of electronic health records.

The technology gained prominence due to mining of bitcoins, a cryptocurrency. But the fluctuating value of bitcoin as of 2018 has led to the emergence of alternative digital currencies such as Ethereum, Litecoin, and Ripple. The introduction of smart contracts in Ethereum to provide additional security to users with the help of private keys lends credibility to the popular use of the currency. The advent of Internet of Things (IoT) and artificial intelligence (AI) is expected to lead to fiats encouraging the use of BT in the forthcoming years. For instance, R3 is a company with a consortium of banks and financial firms on its panel launched a new version of BT platform, Corda, to make it easier for their partners to create applications based on the technology.

Sectors such as telecommunications, healthcare, and financial service sectors are prime advocates encouraging the use of the technology. In November 2017, British Telecom plc, one of the biggest Internet providers in the United Kingdom filed a patent for preventing cyber attacks on blockchains. Moreover, the International Monetary Fund (IMF) has given the nod to various organizations in the European Union (EU) to develop the technology for safer financial transactions.

The blockchain technology market is projected to expand robustly over the forecast period (2015-2024) owing to advantages of BT such as low capital. The increased spending budget of financial firms to build a secure platform for their clients is one of the biggest drivers of the market. The change in business models of investment banking and healthcare sectors to adopt cryptocurrencies can be beneficial to the market. Regulatory hurdles in developing economies can pose a challenge to market growth. Key market players include R3; Ripple Labs Inc.; Digital Asset Holdings, LLC; and IBM Corporation.

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B2C E-commerce Platform for Better Shopping Experience

As the name suggests, Business-to-Customer or B2C e-commerce is an exchange of services or goods over the internet among online retailers and customers. B2C retailers and classifieds are the two major types of this e-commerce platform that find numerous applications in industries including consumer electronics, personal care, automotive, stationery, clothing and footwear, tourism, sports and leisure, and many others.

Customer Involvement with AR Technology

In 2016, the B2C retailers segment accounted for the largest revenue share and is likely to continue this trend during the forecast period (from 2018 to 2025). Growing use of smartphones and internet, particularly in tier 2 cities and rising number of middle-class population are the key factors driving the growth of this segment. Many e-commerce companies and retailers are making use of advanced technologies such as Artificial Intelligence (AI) and Augmented Reality (AR) to improve customer’s shopping experience. Thus, advancements, in terms of technology, also play a major role in driving the segment demand.

The AR-based applications allow customers to try product virtually. For instance, Coty Inc. recently announced that its brand COVERGIRL is introducing a new virtual trial application, which includes Spring 18 beauty looks. This application can be used on smartphones, as well as desktops. The customer can virtually apply beauty look to their face by using live camera on computer or mobile devices.

The classifieds segment is likely to exhibit the highest growth during the forecast period on account of the growing adoption of mobile classifieds advertising and preference for online advertising due to low costs. In addition, increasing use of chatbots and AI for promotional activities by many retailers is also anticipated to also boost the segment growth over the next few years.

Market Overview

According to a report published by Grand View Research, Inc.; the worldwide B2C e-commerce market is expected to reach USD 7,724.8 billion by 2025 growing at a CAGR of 11.7 % from 2018 to 2025. Increasing disposable income levels in developing countries and growing usage of mobile devices such as smartphones and tablets and high-speed internet and can impel the market expansion over the coming years.  In 2016, Asia Pacific region captured the largest revenue share and will expand further during the forecast period. Some of the leading companies operating in the B2C e-commerce market include eBay. Inc.; Amazon.com, Inc.; Alibaba Group Holding Ltd.; JD.com, Inc.; and PayPal Holdings, Inc.

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Wireless Microphone for Effective Recording & Broadcasting

Wireless microphone is a microphone without a physical cable. It is also called as radio microphone and commonly used for public speaking and performing arts. It finds applications in many industries such as hospitality, corporate, education, sporting events, and others. Based on type, wireless microphones can be categorized into handheld, clip-on, and others.

Multichannel RF to Increase Product Demand

Based on technology, the microphone is categorized into Wi-Fi band, radio frequency channel, and radio frequency (RF) band. The RF band is projected to be the fastest-growing segment and is expected to witness a CAGR of 7.5 % during the projected period (2018 to 2025). The changing spectrum regulations have increased the use of RF bands in microphone for effective signal broadcasting, which will bode well for the segment development. The RF band offers a variety of channels including single, dual, and multichannel RF bands that can be used in various applications.

Multichannel RF based system allows users to switch frequencies according to the transmission strength, which makes broadcasting operations more reliable and prevents signal loss. For instance, Samson Technologies Inc. introduced a new 4-channel line mixer called SM4 half-rack. It offers Bluetooth and wireless compatibility. The system can be integrated with commercial sound systems such as fitness clubs, restaurants, schools, and others. It allows to mix up to 4 channels of clear audio. In addition, its Mic channel offers a 2-band EQ (Bass and Treble) for adjusting the mic's tone without disrupting the music.

Market Overview

The findings of a report by Grand View Research, Inc. suggest that the global wireless microphone market would expand at a CAGR of 5.9 % during the forecast years reaching a valuation of USD 3.51 billion by 2025. Increasing product usage in television broadcasting, public speaking, entertainment, and podcasting is estimated to be the key driver for the global market development. In addition, growing number of sports events around the world along with technological improvements in Bluetooth and Wi-Fi-enabled microphones is also likely to boost the market growth over the next few years.

Asia Pacific, in particular, would be the fastest-growing market for wireless microphones as a result of growing entertainment and sports events in the region. Key players operating in the market include Sony Electronics, Inc.; Audio-Technica Corporation; Samson Technologies Corp.; Sennheiser Electronic GmbH & Co.; and Samson Technologies Inc.

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Smart Water Bottle: For Personalized Hydration & Fitness Goals

Smart water bottles are manufactured using wireless communication technologies in order to connect them with wearable devices and smartphones, thereby setting personalized hydration goals. Connected mobile apps provide information to the user regarding daily hydration levels and required water intake. The bottles are distributed through many online and offline distribution channels. Smart bottles are manufactured using different types of materials such as metals, polymers and other.

Metal Materials to Witness High Growth Due to BPA-free Properties

In 2016, polymer segment accounted for the largest share due to its lightweight and durability properties. Polymers are expected to have high demand during the forecast period (from 2018 to 2025). This growth is attributed to the fact that the bottles made up of polymer help in upholding the temperate of the fluid stored as the material doesn’t allow quick heat transfer.

The smart bottles are anticipated to cut the plastic waste across the world by using Bisphenol A (BPA)-free polymer material called ‘Tritan’. The use of this material in the manufacturing of interactive water bottles will further boost the segment development. Groking Lab recently introduced a limited edition of smart water bottle called Ozmo Active. Its inner body is BPA-free. The new bottles connect to an app through Bluetooth to achieve personalized hydration and fitness goals.

The metal segment is expected to grow at a CAGR of 23.4 % during the forecast period on account of its BPA-free properties. However, the metal segment may lose market share over the coming years owing to its properties such as heavy weight and change of taste of the stored water.

Market Overview

According to Grand View Research, Inc.; the worldwide smart water bottle market is expected to reach at USD 48.7 million by 2025 growing at a CAGR of 25.7 % from 2018 to 2025. Growing awareness regarding fitness and health, increased disposable income, and enhanced standard of living are the primary factors driving the market expansion. In addition, various technological developments and implementation of advanced technologies such as Artificial Intelligence (AI) can further propel the market growth in the coming years. Prominent companies in the market include Hidrate Inc.; Trago, Inc.; Out of Galaxy, Inc.; HydraCoach, Inc.; and Caktus, Inc.

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Gesture Recognition: Enabling Device Control through Gestures

Growing requirement for consumer products based on advanced technologies is anticipated to propel demand for gesture recognition. This technology allows users to control several devices or gadgets through their gestures. Increasing adoption of touch-less technologies by consumers is expected to impel the demand for this technology in the years to come.

New Sensing Technology to Offer Touch-less Control

Major industry variants introducing gesture recognition technology into their products are healthcare, consumer electronics, and automotive. In the coming years, consumer electronics segment is expected to witness growth owing to ease of use and technological advancement. In addition, increasing adoption of Internet-of-Things (IoT) in consumer electronic devices can spur demand. Considering the rising demand, most companies involved are investing in R&D activities to develop more efficient and advanced gesture recognition technologies for consumer use.

For instance, eyeSight Technologies recently revealed its collaboration with Sony Mobile Communication to integrate its sensing technology into Xperia Touch, a portable projector. This projector enables projection of videos and images on flat surfaces and can convert them into interactive touchscreens. Its built-in camera and integrated sensing technology support users to control content projected from the device without touching the surface physically.

Market Insights

The global gesture recognition market is expected to reach USD 33.05 billion by 2025, according to a report by Grand View Research, Inc. Growing use of gesture recognition systems in automobile sector owing to increased awareness levels regarding safety regulations is expected to fuel its demand over the forecast period (from 2018 to 2025). Growing need for superior interaction between machines and humans is also predicted to drive the market growth. In addition, inclination of consumers towards application-based technologies may also have a positive impact on the market development in the years to come.

Rising demand for convenient and comfortable products among consumers is expected to further boost the market expansion in the coming years. Moreover, increasing adoption of consumer electronic products based on IoT is also estimated to propel growth of the market during the next few years. Some of the leading companies offering advanced gesture recognition based devices are Microsoft, Google, Apple, Intel, and Infineon Technologies AG.

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Enterprise Key Management: For Excellent Data Security through Encryption

Increasing focus on protection of important information or data in organizations of different sizes, owing to rising cases of cyber-attacks and security breaches, is the key factor driving the demand for enterprise key management. Enterprise key management refers to professional key management solutions that provide encryption keys across a wide range of databases and operating systems. It is a vital part of data encryption solutions that involves managing and dealing with storage, destruction, exchange, use, and replacement of cryptographic keys that encrypt data from sources like databases, emails, big data repositories, disk drives, etc. Such solutions protect cryptographic keys throughout their lifecycle while restraining unauthorized users from accessing the data or keys.

New Encryption Software to Protect Data in Enterprises

Major applications variants of enterprise key management are database encryption, communication encryption, cloud encryption, file/folder encryption, and disk encryption. In 2016, disk encryption segment accounted for 37.07% of the global share; however, the cloud encryption segment is estimated to witness the maximum growth rate during the forecast period (from 2018 to 2025). The expansion of cloud-based encryption segment is attributed to the increasing adoption of cloud-based storage solutions by organizations to store and secure business data.

Companies in the field are focusing on improving their service and products to maintain their industry position. For instance, Equinix recently unveiled its key management and encryption Software as a Service (SaaS), called Equinix Smartkey, to safeguard data stored in clouds and data centers. The Equinix Smartkey leverages the platform of more than 190 International Business Exchange (IBX) data centers located at 48 different locations while securely hosting encryption keys.

Market Insights

The global enterprise key management market is expected to reach USD 3.61 billion by 2025, according to a report by Grand View Research, Inc. High demand for encryption of crucial information or data in organizations is likely to spur the market growth over the coming years. Heavy investments in cloud-based services and hardware security modules by various organizations to avail data security using encryption keys can also foster market growth. Other factors such as rising adoption of digital environment to offer highly advanced services and the need for the protection of large volumes of sensitive data are also anticipated to boost the market development. Some of the leading companies in the market are Hewlett-Packard Enterprise; Gemalto N.V., EMC Corporation; IBM, and Thales e-security.

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EV Infotainment: Enabling an Augmented Driving Experience

Electric Vehicles (EV) have crept into consumer minds since the launch of the Tesla Roadster in 2008. The shift towards sustainable vehicles and changing consumer preferences will lead to a surge in the production of these vehicles. Automotive manufacturers will naturally proceed to develop EV infotainment units to entice consumer decision in buying these vehicles. Integrated Circuits (ICs) and graphic card manufacturers are collaborating with automakers to provide an enjoyable experience to consumers. Human Machine Interface (HMI), touchscreen dashboards and displays, and Augmented Reality (AR) are the technologies, which can evolve further and offer new opportunities to the industry players.

Smooth Driving Experience

Major types of infotainment systems include heads-up, navigation, multimedia, rear seat entertainment, and driver information & communication systems. The heads-up segment is projected to witness high demand due to real-time projection of data and capacity to reduce accidents. It is expected to display a CAGR of 75 % during the forecast period (from 2018 to 2025). Emergence of connected technologies and evolution of haptic feedback has led to the integration of Heads-Up Displays (HUDs) in upcoming cars. In 2017, Volkswagen declared to implement AR in HUDs in its upcoming EVs. The good response afforded to self-driving cars can facilitate segment demand.

On the other hand, the multimedia segment may witness a decline in demand due to its high installation costs. However, compatibility with connected technologies such as Wi-Fi and Bluetooth can augur the demand for these systems. This is exemplified by the Open Infotainment Platform developed by Continental AG for its consumers. In addition, companies are collaborating with the on-demand providers to offer various channels for consumers on their custom-built multimedia platforms.

Market Outlook

The global electric vehicle (EV) infotainment market valuation is expected to reach USD 225.0 billion by 2025, according to a report by Grand View Research, Inc. The market demand is expected to grow at a CAGR of 69 % from 2018 to 2025 due to rising demand for in-car entertainment. Adoption of small and medium EVs can also augur market growth over the coming years. Rising demand for HUDs can also open up novel opportunities for expansion. Key market players include Harman International Industries Inc.; Aisin Seiki Co., Ltd.; Panasonic Corporation; and Continental AG.

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https://www.grandviewresearch.com/industry-analysis/electric-vehicle-ev-infotainment-market

Cloud Managed Services to Revolutionize Business Models

The advent of cloud has made it easier for businesses to transition to the digital space with ease. Cloud managed services provide flexibility and scalability to enterprises looking to expand their operations. The pressing need to focus on core business services and reduce operational costs will lead to its implementation in small and medium enterprises. The trend of Bring Your Own Devices (BYOD) among employees in conglomerates is expected to spur corporations in embracing cloud for their business needs.

Streamlining Operations

Verticals in need for cloud managed services include retail & consumer, manufacturing & automotive, government & education, telecom & ITES, healthcare, Banking, Financial Services and Insurance (BFSI), and others. The retail & consumer segment is expected to exhibit a CAGR exceeding 17% during the forecast period (from 2018 to 2025) owing to increasing need for inventory management and warehousing. Customization in cloud models allows retail outlets the flexibility to scale their operations and generate significant bottom line margins. 

The healthcare segment is projected to exhibit a robust growth rate due to integration of advanced security features to ensure data integrity. Development of mobile applications can allow patients and clinicians to access medical data on a common platform without worrying about data security. For instance, ClearData, a U.S.-based company provides a healthcare cloud model for clinics and hospitals to maintain patient data in an organized manner and offer robust managed services.

Market Outlook

The global cloud managed services market is expected to reach a valuation of USD 82.51 billion by 2025, according to a report by Grand View Research, Inc. The increasing need to focus on key business areas is anticipated to drive the market demand over the coming years. The market is anticipated to showcase a CAGR of 15.4% during the forecast period due to benefits of flexibility and scalability with the implementation of cloud. Emphasis on reducing IT costs can also bolster the market volume in the forthcoming years. Emergence of small and medium enterprises in developing economies is expected to present numerous growth opportunities for the market. Key market players include Fujitsu Limited, NTT Data Corporation, Ericsson, and IBM.

In-depth research report on cloud manged services market:

https://www.grandviewresearch.com/industry-analysis/cloud-managed-services-market

Enterprise application market size is estimated to be worth USD 259.51 billion by 2022

The global enterprise application market size is estimated to be worth USD 259.51 billion by 2022, according to a new study by Grand View Research, Inc., registering a 7.8% CAGR during the forecast period. Increasing need among organizations for single data access point is anticipated to drive industry growth over the forecast period. 

Implementation of enterprise application solutions enables real-time data and information flow along with level running of business process. Use of these solutions enables better customer engagement, inventory management, quality management, and supply chain management. Increasing IT budgets of companies is expected to favor industry growth over the next few years. However, availability of open source solutions and high maintenance costs may hinder industry growth.

Further key findings from the study suggest:

• Web conferencing is useful for conducting seminars, business meetings, online presentations, online educations, demonstrations, and offering direct customer support. Companies adopt web conferencing to reduce geographical barriers and enable effective communication across regions

• Business Process Management (BPM) offers benefits such as increased customer satisfaction, improved agility, cost saving, greater team satisfaction, and full transparency of all activities across the organization

• The healthcare sector is estimated to exhibit a CAGR of over 9.0% from 2015 to 2022. Increasing need for real-time data transparency is anticipated to drive growth over the forecast period

• In 2014, on-premise solutions accounted for around 67.0% of the overall revenue. However, cloud-based solutions are becoming popular among small-scale companies owing to budget limitations and the many benefits this platform offers

• The North America market is estimated to be a major regional segment owing to changing organizational structure and customer-centric approach of companies in the region

• Europe is estimated to exhibit a CAGR of around 6.0% over the forecast period; Asia Pacific is also anticipated to witness strong growth owing to rising number of start-ups and presence of large number of small-scale industries

• Key industry participants include Hewlett Packard (HP); Oracle; Microsoft Corporation; IFS AB; SAP; QAD Inc.; IBM Corporation; Epicor software Corp.; and Infor

• In 2014, SAP invested USD 2.54 billion in research and development to enhance its offerings. In March 2014, the company announced the acquisition of Fieldglass, a vendor management system provider.

Grand View Research has segmented the enterprise application market report on the basis of product, end use, deployment, and region:

Enterprise Application Product Outlook (Revenue, USD Billion, 2012 - 2022)

CRM

ERP

SCM

Web Conferencing

BI

BPM

CMS

EAM

Others

Enterprise Application End-use Outlook (Revenue, USD Billion, 2012 - 2022)

Manufacturing

BFSI

Healthcare

Retail

Government

Aerospace & Defense

Telecom & IT

Others

Enterprise Application Deployment Outlook (Revenue, USD Billion, 2012 - 2022)

On-premise

Cloud

Enterprise Application Regional Outlook (Revenue, USD Billion, 2012 - 2022)

North America

Europe

Asia Pacific

RoW

In-depth research report on enterprise application market:

https://www.grandviewresearch.com/industry-analysis/enterprise-application-market

Navigation Made Simple with Digital Maps

Digital maps are electronic maps created by assimilation of topographical data of regions and surrounding areas. These maps are designed by gathering information from several navigation satellites for indoor and outdoor usage. Military & defense, automotive, mobile devices, government & public sector, and enterprise solutions are the major application areas of digital maps. However, with the advent of Geographic Information Systems (GIS) to capture, analyze, and store geospatial data can extend the application of digital maps to navigation, archaeology, and infrastructural projects.

Wayfinding Made Easy

Indoor and outdoor usage are the two major end-uses of digital maps, where the indoor use segment is expected to expand at a CAGR of 13.5% over the forecast period (from 2017 to 2025) due to high demand for indoor maps. In addition, continuous infrastructural development in the form of educational institutions and commercial complexes are expected to induce the segment demand as a result of a large number of consumers visiting these places. For example, The new MediNav Navigator 3.0. designed by Connexient, a U.S.-based company. The new navigation system is designed to assist hospitals and consumers in reducing the probability of late appointments.

The outdoor segment is also anticipated to gain significant demand owing to its applications in navigation, fleet management, disaster management, and risk analysis. Developments in the self-driving technology and rise of autonomous and semi-autonomous vehicles can bode well for the segment. For instance, Ambarella Inc., a U.S.-based company focusing on self-driving cars, is relying on digital maps to recognize landmarks to assist in navigation. The integration of stereo cameras in its cars helps the sensors identify three-dimensional objects and make rapid decisions.

Market Outlook

The digital map market is expected to reach at USD 8.76 billion by 2025, as per the latest report by Grand View Research, Inc. It is anticipated to expand at 11.5% CAGR from 2017 to 2025 due to transition to smartphones and consumer-centric applications from personal navigation devices. Rise of connected and semi-autonomous vehicles and continuous developments in the self-driving technology are also projected to bode well for the market. Emergence of applications such as logistics management, traffic and congestion intelligence, and smart parking are expected to provide new growth opportunities to the market. Prominent market players include Apple Inc.; Google, Inc.; TomTom International B.V.; and ESRI, Inc.

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https://www.grandviewresearch.com/industry-analysis/digital-map-market

Automated Parcel Delivery Terminals for Convenient Package Delivery

Automated parcel delivery terminals offer convenience to both the customer and seller. The terminals allow customers to collect their parcels as per their convenience. They also help retailers to avoid losses due to delivery failures or re-attempt of delivery. These terminals can be divided into two major deployment locations namely indoor and outdoor and are extensively used in various end-use industries including shipping and logistics, retail, government, and others.

Smart Cities Across the world to Boost Demand for Outdoor Terminals

In 2016, the indoor location segment accounted for the largest market share. The high acceptance of indoor terminals can be credited to lesser threats of damage and theft. Additionally, they can provide the easy collection, delivery, as well as recovery, of parcels, even in hostile weather surroundings. The indoor terminals offer cost benefits as compared to outdoor deployment since they require comparatively less capital for installation, operation, and maintenance.

Due to all these factors indoor terminals are considered as the most suitable option among the end-users. One of the recent updates include Cleveron’s newly launched click and collect parcel terminal called CleverFlex at Inditex, Zara. It is a robotics-based parcel terminal that can be integrated with store environment and can also be used by the retailers for solving in-store high volume click and collect parcel delivery.

However, the outdoor terminal segment is likely to emerge as the fastest-growing deployment segment with a CAGR of 15.9% during the forecast period (from 2017 to 2025). This growth is attributed to high demand for smart cities and provision of intelligent parcel lockers at outdoor locations to facilitate more convenience to customers.

Market Overview

According to a report by Grand View Research, Inc., the Automated parcel delivery terminals market market is projected to reach USD 1.06 billion by 2025. Factors such as rapidly growing volumes of parcel shipping due to growing e-commerce business and cross-border deliveries across the world can drive the market over the forecast period. In addition, increased usage of smartphones, internet, and IoT is also driving the market growth. Key companies operating in the market include Smartbox Ecommerce Solutions Pvt. Ltd., Winnsen Industry Co., Ltd., Bell and Howell, LLC, ByBox Holdings Ltd., and Neopost Group, TZ Ltd.

In-Depth research report on automated parcel delivery terminals market, click the below link:

https://www.grandviewresearch.com/industry-analysis/automated-parcel-delivery-terminals-market