News Market Insights

The surging penetration of the internet is also fueling the expansion of the webgame market. According to the International Telecommunication Union, the global internet penetration rose from 23.1% to 51.4% from 2008 to 2018. Because of the soaring internet connectivity, people all over the world are increasingly becoming addicted to various online browser games. Depending on genre, the market is divided into first-person shooters, massive multiplayer online roleplaying games (MMORPGs), arcade games, sports games, and real-time strategy games. Out of these, the first-person shooter category is predicted to exhibit rapid advancement in the market in the future years. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/webgame-market-insights/report-sample Unlike the third-person shooter games in which the user can see their character, in first-person shooters, the user cannot see the model of their character. Instead, they can see the world from their ch...

The increasing number of construction projects being launched in several countries is one of the major factors responsible for the soaring demand for commercial air-conditioners across the world. According to various reports, the valuation of the global construction sector is predicted to rise from $10.5 trillion to $12.8 trillion from 2017 to 2022. Infrastructure development projects such as those pertaining to metro rail systems, airports, and office complexes require cooling equipment such as commercial ACs. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/commercial-ac-market/report-sample In India, there are plans to build as many as 100 airports in the next 15 years. Similarly, China intends to construct 216 airports by 2035. The rapid construction of skyscrapers in various cities around the world is also causing a sharp surge in the demand for commercial ACs. As per many reports, 42 skyscrapers are currently being constructed in Chicago, whil...

P&S Intelligence says that with the increasing number of UAVs in operation in various industries, the drone analytics market will grow from $2,614.3 million in 2019 at a massive 29.8% CAGR between 2020 and 2030 (forecast period). Around the world, the demand for drones continues to rise in the military sector, for surveillance and monitoring and carrying out precision strikes behind enemy lines, in order to minimize the loss of soldiers. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/drone-analytics-market/report-sample On account of the support the agricultural sector is receiving from the government, especially in developing countries, farmers are adopting advanced technologies in their processes, such as drones and internet of things. The major uses of drones and analytics software in the sector include crop monitoring, precision agriculture, soil analysis, seed planting, livestock inspection, and irrigation management. This has become nece...

Globalization has made the supply chains all over the world extremely interconnected. As a result, the lockdowns initiated in several countries for controlling the spread of the COVID-19 infection have massively disrupted the global supply chains. Moreover, the lack of availability of raw materials is severely hampering the progress of the appliance manufacturing and electric component sectors across the world. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/smart-meters-market/report-sample These disruptions in the supply chain are affecting the manufacturing of the components used in smart meters such as sensors, displays, processors, and switches. China is one of the biggest suppliers of hardware components and raw materials, required for smart meters, but because of the pandemic and the supply chain disruptions, the country is not able to ship the necessary raw materials.  This is causing a massive decline in the sales of smart meters throu...

An increase in the investments in the infrastructure sector and expansion of the tourism industry will drive the growth of the U.A.E heating, ventilation, and air conditioning (HVAC) market at a CAGR of 5.2% during the forecast period of 2020–2030. In terms of revenue, the market stood at $1,873.1 million in 2019, and it is projected to generate around $2,774.7 million by 2030. This growth will ride on the back of the growing residential, industrial, commercial, and hospitality sectors of the U.A.E. The construction industry is one of the key driving forces for the U.A.E. HVAC market growth . The U.A.E. government is dedicated to enhancing the quality of the transportation sector of the country, which is why projects such as the extension of the Red Line of Dubai Metro, under the Route 22 plan, and construction of new airports are underway.  The government is investing extensively in a new and renewed transportation sector to host Dubai Expo 2020. These ventures will inevitably inc...

Because of the rising awareness about the harmful implications of tobacco smoking, people around the world are shifting from conventional cigarettes to electronic variants. For instance, the incidence of lung cancer can be reduced by quitting the consumption of tobacco cigarettes, which has led to a decline in their consumption in South Korea. The rising health consciousness and continuous developments in technology will therefore drive the growth of the South Korean e-cigarette market at a CAGR of 24.3% during the forecast period of 2019–2024, from $874.3 million in 2018 to $3.5 billion by 2024. E-cigarettes are available in multiple variants, including cig-a-likes, vape mods, vaporizers, and T-vapors. Out of these products, the demand for vaporizers was the highest in recent years, because of the dense smoke experience offered by them. But in the years to come, the demand for T-vapors will witness a surge in demand in South Korea. This would be on account of the increasing preferenc...

The certificate authority market is projected to generate a revenue of $285.7 million by 2030, increasing from $81.7 million in 2019, advancing at a 12.3% CAGR during the forecast period (2020–2030). The market is divided into service and certificate type, on the basis of component. Between the two, the certificate type division accounted for the larger share of the market in the past, as digital-certificate-based authentication offers online data privacy. Different certificate types are user/client authentication certificate, code signing certificate, secure email certificate, and SSL certificate. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/certificate-authority-market-outlook/report-sample In terms of end user, the market is divided into travel & hospitality, retail & consumer goods, education, BFSI, healthcare, IT & telecommunications, and government. Out of these, the BFSI category held the major share of the market in the past....

In 2018, the U.K. e-cigarette market attained a valuation of $2.0 billion and is now predicted to advance at a CAGR of 19.6% between 2019 and 2024. According to P&S Intelligence, a market research firm based in India, the market would generate a revenue of $6,486.5 million by 2024. The increasing sales of vaping devices, the reducing popularity of tobacco smoking, and rapid advancements in e-cigarettes are the key factors driving the market advancement. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/uk-e-cigarette-market/report-sample Rapid innovations and advancements being made in e-cigarette technology are massively pushing up the demand for e-cigarettes. Many tobacco producing companies are rapidly focusing on novel technologies to gain an edge over their rivals. Several leading tobacco producers are developing innovative products that could help them expand their footprint. For example, Japan Tobacco Inc. developed two new tobacco capsule...

The global virtual fitting room market generated a revenue of $3,128.6 million in 2019 and is predicted to reach a valuation of $19,250.4 million by 2030. Furthermore, the market is predicted to progress at a CAGR of 18.5% between 2020 and 2030. The rising popularity of online shopping, the increasing utilization of smartphones, and the soaring usage of advanced technologies and solutions by retailers for expanding their customer base are the main growth drivers of the market. The rising penetration of the internet and smartphones is boosting the popularity of online shopping around the world. As per the UNCTAD, which is the United Nation’s trade and development body, online sales generated a revenue of $25.6 trillion in 2018, which was a rise of around 8% from the previous year’s revenue. Furthermore, the total e-commerce sales revenue, that included business-to-business (B2B) and business-to-customer (B2C) sales, was nearly 30% of the worldwide gross domestic product (GDP) in that y...

The Indian computer-aided design (CAD) software market is predicted to generate a revenue of $696.9 million by 2025, rising from $445.6 million in 2019, exhibiting an 8.2% CAGR during the forecast period (2020–2025), according to a P&S Intelligence report. The key factors leading to the growth of the market are the increasing utilization of the CAD software in the construction industry, rising requirement for improved and accurate designs, and surging need for fast production of goods in the country. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/india-cad-software-market/report-sample When technology is taken into consideration, the Indian CAD software market is divided into 3D software and 2D software, between which, the 3D division accounted for the major share of the market in 2019. The division is also projected to grow at a faster pace during the forecast period, owing to the 3D CAD’s accurate & realistic 3D drawings, faster designin...

The advent of this data and its growing importance in HR processes have given rise to a new discipline called HR analytics. In simpler terms, HR analytics deals with the different methods by which information and data can be captured, measured, and organized for creating valuable insights, which would help HR professionals significantly in recruitment processes, resource management, and in overall organizational management. The growing requirement for workforce optimization is the main factor fueling the popularity of HR analytics. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/hr-analytics-market/report-sample By ensuring that all business operations and aspects of the company are working smoothly and in perfect harmony, workforce optimization enhances the efficiency and efficacy of business processes. Additionally, workforce optimization allows organizations to align skills and resources to a specific customer demand or job for attaining faster ...

Owing to rapid digitization, a huge volume of semi-structured, structured, and unstructured data is being generated all over the globe. By making use of this information, organizations can enhance their productivity, decrease future risks, retain and gain customers, and augment their profits. Ascribed to this, the need for real-time analysis of data has been growing since a while. In addition to this, the utilization of analyzing, big data storing, and managing solutions has been rising as well.  This is further leading to the growing need for data warehouse as a service (DWaaS), as with it, third-party business intelligence (BI) applications can deployed with ease and query results can be received quickly. Attributed to all these factors, the global DWaaS market is projected to attain a revenue of $23.8 billion by 2030, increasing from $1.4 billion in 2019, progressing at a 29.2% CAGR during the forecast period (2020–2030), according to a research by P&S Intelligence.  T...

Globally, the commercial refrigeration equipment market would exhibit the highest CAGR in the Asia-Pacific (APAC) region in the upcoming years. This is credited to the soaring population levels and the rising purchasing power of people in the region. Moreover, the setting up of several global refrigeration equipment manufacturing companies in the APAC countries, on account of the rapid growth of the quick-service restaurant sector and food chains, is propelling the advancement of the market in the region. Out of these, the walk-in coolers category recorded the highest growth in the commercial refrigeration equipment market in the past and is predicted to exhibit rapid expansion in the future years as well. This would mainly be because of the burgeoning requirement for personalized walk-in coolers and the extensive research and development (R&D) activities being conducted by the market players for developing refrigerants having low-global-warming-potential (GWP).  Furthermore, ...

The use of online platforms has increased considerably among people across the globe. The preference for online shopping especially has growing considerably in recent years, as people can shop for almost anything from the comfort of their homes and get the things delivered at their doorsteps as per their convenience. Owing to this, the competition online has increased substantially for companies, since customers have become less loyal due to the availability of increased number of options.  Therefore, building customer trust has become increasingly important for businesses. Customer trust can be developed by improving several factors, including quality products and services, quick resolution of queries, discounts, and loyalty programs and rewards. Ascribed to all this, the demand for certificate authority is growing, as companies are making use of SSL certificates for adding more trust and confidence in the identity and security of the business. This is resulting in the growth of t...

The adoption of cloud computing solutions has increased rapidly over the past few years. Companies these days are looking for solutions that can facilitate cost savings. This can be done by making use of cloud computing, since it offers hosted data storage solutions. Owing to this, the use of deep learning technology has also increased significantly. The architecture of cloud computing supports scalability and virtualization, along with offering storage for a huge amount of data, thereby making it ideal for deep learning algorithms. Owing to these factors, the global deep learning market is predicted to generate a revenue of $102.4 billion by 2030, increasing from $3.7 billion in 2019, exhibiting a 35.2% CAGR during the forecast period (2020–2030), as stated by a P&S Intelligence report. The major components of the deep learning technology are service, hardware, and software, out of which, the demand for hardware components has been higher in the past. Deep learning is essentially...

Globally, the smart meters market would demonstrate the highest growth in the Asia-Pacific (APAC) region in the upcoming years, primarily because of the increasing enactment of favorable government regulations regarding the usage of smart meters in various regional countries. For example, in China, as part of the five-year countrywide plan to upgrade and modernize the grid infrastructure, the utilities organizations are installing numerous smart meters. Other countries in the APAC region have also realized the need to upgrade their grid infrastructure and make it in line with the international standards, which would, in turn, help them improve the revenue collection procedure of utilities and address the various energy challenges. The players operating in the global smart meters market are increasingly announcing partnerships with other major players in the industry, the governments of various countries, local/regional players, and utilities for expanding their reach and improving the...

A virtual fitting room is a digital representation of a fitting room, wherein images taken from cameras and processed by AI, AR, and VR let a person try on clothes and other pieces of attire in the virtual space. The cameras analyze the person’s physique and movements and digitally superimpose the attire on their own 2D or 3D image, to show people how it would look on them in reality. P&S Intelligence expects the rising usage of these technologies and smartphones to take the virtual fitting room market to $19,250.4 million by 2030, from $3,128.6 million in 2019, at an 18.5% CAGR between 2020 and 2030. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/virtual-fitting-room-market/report-sample The concept can also be used in physical stores, inside a specially designed kiosk. In fact, physical stores account for the higher usage of this technology than e-commerce platforms at present. With the advancements in the AI, AR, and VR technologies, the ex...