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Showing posts from March, 2021

Expansion of Cold Chain Industry Fueling Sales of Industrial Refrigeration Systems

With the boom in the global cold chain industry, the demand for industrial refrigeration systems is growing rapidly across the globe. According to reports, the revenue generated from the sales of biotech products and biologic products surpassed $340 billion in 2019. Moreover, the adoption of special logistics solutions and technologies to maintain the quality of these temperature sensitive products, while transporting them from warehouses to clinics, hospitals, patients, and pharmacies all over the world is increasing rapidly. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/industrial-refrigeration-equipment-market/report-sample The increasing consumption of these items in both developing and developed countries is fueling the expansion of the cold chain industry. As a result, the worldwide logistics expenditure in the cold chain industry is predicted to rise from $15.9 billion in 2019 to more than $18.6 billion by 2022. This high dependence on col

U.S. Industrialists Enhancing Their Productivity with Manufacturing Analytics Tools

The manufacturing sector of the U.S. is continuously adopting intelligent analytics tools to enhance productivity. The constant evolution in manufacturing technologies is helping in improving the present condition of the sector and enabling product innovation. As part of this technological development, the manufacturing industry is widely adopting digital twins to widen the scope of innovations. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/us-manufacturing-analytics-market/report-sample Manufacturers in the U.S. are showing great interest in adopting this simulation technique that uses the internet of things (IoT), artificial intelligence (AI), and machine learning (ML) for mirroring the intricate pieces of machinery, to predict how they respond in specific scenarios. Additionally, the surging demand for greater organizational and operational visibility through big data will fuel the U.S. manufacturing analytics industry at a high CAGR of 17.6%

Middle East and Africa HVAC Market To Generate $10.1 Billion Revenue by 2024

A number of factors, such as the increasing requirement for energy-efficient heating, ventilation, and air conditioning (HVAC) systems, expanding construction industry, rising number of strict government regulations, growing tourism sector, and upcoming major events, are projected to boost the growth of the MEA HVAC industry at a CAGR of 4.9% in the forecast period (2019–2024). At this growth rate, the market size is expected to reach $10.1 billion by 2024 from $7.8 billion in 2018. The Middle East and Africa HVAC market is witnessing the increasing need for energy-efficient HVAC systems, as these are very crucial to control the greenhouse gas emission and limit the impact of global warming. Moreover, the Gulf Cooperation Council (GCC) countries are introducing sustainable development policies and have strict regulations for energy-efficient solutions. Get the Sample Copy of Report: https://www.psmarketresearch.com/market-analysis/mea-hvac-market/report-sample Hence, to obey the regul

Application Platform as a Service Market To Reach $22,687.3 Million by 2030

The application platform as a service (aPaaS) market will grow at a CAGR of 14.2% during the forecast period (2021–2030) due to the rising preference of customers for advanced software and burgeoning demand for cloud computing. The market stood at $6,023.3 million in 2020, and it is projected to reach $22,687.3 million by 2030. Moreover, aPaaS offers a balance between cost-effectiveness and flexibility in the customization of enterprise-level applications. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/application-platform-as-a-service-market/report-sample Additionally, the escalating demand for scalability in application development will facilitate the market growth throughout the forecast period. One of the key factors driving the application platform as a service industry is the increasing demand for scalability and flexibility in application development. The deployment and development of on-premises applications require operating systems (OS)

GIS in Telecom Market To Witness 12.2% CAGR during 2020–2030

The geographic information system (GIS) in telecom market will grow at a CAGR of 12.2% during the forecast period (2020–2030), due to the surging demand for network installation and rising adoption of GIS solutions for broadband and mobile services. The market was valued at $1.3 billion in 2019, and it is expected to reach $4.6 billion by 2030. Telecom companies use GIS to combine information from several sources on one platform, which helps in analyzing critical challenges being faced by broadband services. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/gis-in-telecom-market/report-sample Currently, the players are focusing on the miniaturization of devices. GIS is being revolutionized by the integration of advanced technologies like artificial intelligence (AI) and the internet of things (IoT). These developments have resulted in the integration of sensors and connected devices in GIS solutions to aid telecom firms in collecting the data specif

Potential Impact of COVID-19 on AR and VR Market Analysis on Current Trends and Growth

Depending on type, the market is classified into VR and AR. Between these, the AR category is predicted to exhibit faster growth in the market in the coming years. This will be because of the various possibilities and benefits offered by the AR technology and the rapid technological advancements being made in the wireless technology, that allows the easier integration of the AR technology with home appliances and mobile devices, thereby offering a connected experience to the users. Geographically, the AR and VR industry recorded the highest growth in North America in the past years and it is predicted to demonstrate rapid advancement in this region in the future years as well. In this region, the demand for these technologies is currently booming in the U.S., because of the existence of several AR and VR solutions providing companies in the country. Additionally, the usage of VR and AR technologies is surging in the healthcare and e-commerce sectors. Get the Sample Copy of this Report

Demand for Webgames Set to Shoot Up in Asia-Pacific in Coming Years

The global webgame market valuation will rise from $3.5 billion in 2019 to $6.5 billion by 2030. Furthermore, the market is predicted to demonstrate a CAGR of 5.7% between 2020 and 2030. Depending on genre, webgames are classified into sports games, real-time strategy games, massive multiplayer online roleplaying games (MMORPGs), arcade games, and first-person shooters. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/webgame-market-insights/report-sample Out of these, the popularity of first-person shooters will grow sharply across the world in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India. These types of games are not like the third-person shooters, in which, the gamers can see the character which they are controlling. As these games are highly engrossing and thrilling, their popularity is soaring rapidly all over the world. Globally, the webgame industry is predicted to exhibit the

Sharp Surge Expected in Global Ambient Lighting Market in Near Future

The global ambient lighting industry reached a valuation of $60.8 billion in 2019 and it is predicted to progress at a CAGR of 9.2% between 2020 and 2030. Furthermore, the market will generate a revenue of $156.5 billion by 2030, as per the estimates of P&S Intelligence, a market research company based in India. This will be because of the burgeoning requirement for energy-efficient lighting solutions and the increasing implementation of strict regulatory policies regarding energy efficiency in several countries. The ballooning demand for energy conservation is fueling the requirement for greater energy efficiency in various countries around the world. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/ambient-lighting-market-report/report-sample Moreover, the governments of several countries are enacting stringent policies regarding energy efficiency, which is consequently propelling the popularity of energy-efficient lighting solutions across t

U.S. HVAC Services Market To Generate $35,714.5 Million in 2030

A number of factors, such as the increasing requirement for energy-efficient heating, ventilation, and air conditioning (HVAC) systems, growing focus on environmental sustainability and green energy, expanding construction industry, and rising need to replace outdated HVAC equipment, are projected to boost the growth of the U.S. HVAC services industry at a CAGR of 3.1% in the forecast period (2020–2030).  At this growth rate, the market size is expected to reach $35,714.5 million by 2030 from $25,625.8 million in 2019. The U.S. HVAC services market is witnessing the increasing need for smart HVAC systems. Customers are increasingly deploying building energy management systems (BEMSs) for their HVAC equipment. The BEMS monitors the efficiency of the equipment and allows for reducing the energy consumption of buildings.  Get the Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/us-hvac-services-market/report-sample The BEMS and other systems need regular maint

Increasing Internet Penetration Fueling Demand for Product Analytics

With the increasing penetration of the internet in both developing countries such as China and India and developed countries such as Singapore and the U.S., the worldwide demand for product analytics is rising rapidly. For example, according to the Office for National Statistics, in 2018, 90% of all households in Great Britain had access to the internet. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/product-analytics-market/report-sample Additionally, the total percentage of adults who used the internet daily grew from 35% to 86% from 2006 to 2018 in the country. The rapid digital transformation in various countries is pushing up the requirement for product analytics solutions. Moreover, businesses all over the world are increasingly adopting advanced technologies such as product analytics for building a holistic understanding and delivering greater customer engagement. Apart from this, rapid advancements and innovations being made in various cog

Increasing Infrastructural Development Activities Fueling Compressor Sales in Asia-Pacific

The surging investments being made in infrastructural development and construction projects in countries such as India and China are causing a sharp rise in the sales of compressors in the Asia-Pacific region. Currently, there are many infrastructural development projects in pipeline in China. According to reports China approved the development of rail projects worth $43.3 billion in Shanghai in December 2018. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/india-compressor-market/report-sample Similarly, the Indian government is aiming to build as many as 100 smart cities and renovate other 500 cities. For the completion of these projects, the government has allocated a budget of $6.8 billion (for the renovation and upgradation of various cities) and $13.9 billion (for the development of 100 smart cities). Besides the increasing number of infrastructural development and construction projects, the expansion of the automotive industry is also positi

Government Cloud Market Observing Technological Advancements

Growth factors like the rapid digitalization of government organizations and need to reduce the total cost of ownership (TCO) will drive the government cloud market at a CAGR of 15.4% during the forecast period (2017–2023), since generating revenue of $20.8 billion in 2017. Moreover, the constant improvements in cloud computing technologies and rapid advancements in public-sector technology solutions will facilitate the market growth. Additionally, the innovations in the internet of things (IoT) technology will encourage governments to adopt cloud solutions. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/government-cloud-market/report-sample Government bodies are increasingly deploying cloud-based solutions to reduce their capital expenditure (CAPEX) without compromising the important public services. The utilization of the cloud is allowing such agencies to decrease the TCO of services, directly and indirectly. Moreover, the increasing need for f

RF Semiconductor Market a $5.0-Billion Investment Opportunity by 2030

The major factors leading to the rising demand for radiofrequency (RF) semiconductors are the increasing popularity of smartphones, enhancements in the wireless communication technologies, and escalating adoption of the internet of things (IoT). As a result, from $2.1 billion in 2019, the market of RF semiconductor will witness an 8.8% CAGR during 2020–2030 (forecast period), to reach $5.0 billion by 2030. Made of semiconductor materials, such components enable RF communication in an array of sectors. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/rf-semiconductor-market-report/report-sample The material segment of the market is classified into indium phosphate, gallium arsenide, gallium nitride, silicon, and silicon germanium. Among these, during the historical period (2014–2019), the largest share was held by the gallium arsenide category because RF semiconductors made from this material consume less power, account for low power dissipation, ca

Surging Internet Penetration Fueling Global Demand for Video Streaming

The rising popularity of various social media platforms is one of the major factors responsible for the surging demand for video streaming across the world. With the increasing penetration of the internet and the soaring internet speeds in several countries, the popularity of video streaming is rising rapidly across the world. For example, according to several reports, video content on various social media platforms such as YouTube demonstrated a growth of as much as 99% in 2017. Get the Sample copy of this Report @ https://www.psmarketresearch.com/market-analysis/video-streaming-market/report-sample Currently, more than 40% of the total population of the world is engaged in various social media platforms, with over 3 billion users of these platforms across the globe. Moreover, as per various studies, there was a year-over-year (Y-o-Y) growth of as much as 14% in the number of social media users all over the world from 2017 to 2018. Apart from these factors, the increasing internet con

IoT-Based Emergency Lights for Optimum Output

The Asia-Pacific (APAC) region is witnessing a surge in the installation of internet of things (IoT)-enabled emergency lights, as the technology makes it easy for private and public organizations to preserve more energy via smart lighting systems. IoT allows lighting solutions to adapt to environmental conditions, such as rain and fog, thereby, ensuring adequate illumination according to the requirement and maximizing energy consumption. Furthermore, the integration of IoT helps in testing and monitoring all emergency lights from any location at any time. These technological advancements along with stringent guidelines by governments pertaining to safety in numerous establishments will drive the APAC emergency lighting market at 10.1% CAGR during 2019–2024. The market generated revenue of $1.2 billion in 2018, which is expected to reach $2.1 billion by 2024. For instance, safety norms in India state that restaurants, schools, offices, and shopping malls should have emergency/fire exit

How Is Growing Contact Center Sector Driving VoIP Software Market?

The major trend in the VoIP software market is the rapid shift to the hosted public branch exchange (PBX) VoIP from managed PBX VoIP. Hosted PBX VoIP uses the cloud technology to offer cost-effective voice solutions that are replete with features. Additionally, these cloud-based solutions eliminate the requirement for expensive IT hardware, allow companies to scale up or down their storage without much modifications in the configuration, and enable users to manage their communications more effectively and easily. In this regard, one of the strongest factors aiding in the advance of the VoIP software market is the growing adoption of these solutions in SMEs. VoIP solutions are easy to install, use, and troubleshoot, and they allow companies to make calls at significantly lower rates than traditional phone lines. In addition, VoIP solutions enable employees to be mobile, as they can simply install the software on their systems and not worry about having lengthy and complex cables, which

Infrastructure Development Propelling Sales of Outdoor Lighting Solutions

To cater to the booming population, countries are rapidly stepping up their infrastructure development efforts. The World Bank says in its Construction Industry Value Chain report of 2018 that almost 75% of the infrastructure that will be there in 2050 hasn’t been constructed yet, thus reflecting a burgeoning demand for raw materials and other things. This is already being reflected in the increasing number of roads and highways, bridges, tunnels, stadia, commercial buildings, factories, and residences around the world. One of the primary requirements in any modern setting is lighting, for both interior and exterior purposes. P&S Intelligence says that the growing infrastructure sector will likely propel the outdoor lighting market to $23.8 billion in 2030 from $10.7 billion in 2019 at a 7.3% CAGR during 2020–2030 (forecast period). Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/outdoor-lighting-market/report-sample In this regard, the increa

Voce over Wi-Fi (VoWiFi) Market To Grow by 24.5% during 2020–2030

The VoWiFi market growth will be fueled by a number of factors, such as an exponential rise in the Wi-Fi hotspot availability and substantial enhancements in the overall quality of service (QoS). During the forecast period (2020–2030), the market is projected to witness a 24.5% CAGR. The market generated $2,035.3 million in 2019, and it is expected to reach $22,801.2 million by 2030. At present, the market is witnessing the trend of offloading the mobile data traffic to the Wi-Fi network. A tremendous rise in the global Wi-Fi hotspot coverage is stimulating the VoWiFi market advance. In recent years, several governments have spent a significant amount on the installation of Wi-Fi hotspots in public areas. The number of community hotspots and wireless local area network (WLAN) hotspots is expected to reach 550 million by 2022, 261 million of which will be in Asia-Pacific (APAC) alone. Get the sample copy of this report @ https://www.psmarketresearch.com/market-analysis/voice-over-wifi

Cost-Effectiveness of LEDs Drives APAC Outdoor Lighting Market Growth

The APAC outdoor lighting market growth is propelled by factors such as swindling prices of light-emitting diodes (LEDs), increasing number of smart cities, and rising government initiatives toward energy conservation. These drivers will drive the market at an 11.1% CAGR during 2019–2024 (forecast period). The market generated $5.6 billion in 2018 and it is set to reach $10.6 billion by 2024. Currently, the market is observing a trend of using solar power for powering street lights. The solar street lights are suitable for remote areas where electricity is scarce. One of the prime factors fueling the APAC outdoor lighting market is the increasing traffic congestion in the APAC region, on account of the burgeoning number of passenger vehicles on roads, due to the rapid urbanization and the surging disposable income of individuals. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/apac-outdoor-lighting-market/report-sample Governments of several regi

BFSI Using Advanced Security Solutions to Protect Data and Financial Assets

Banks and financial institutions are gradually shifting their core applications over to the cloud network, to offer a personalized banking experience, mitigate the risks associated with conventional technologies, improve the operational control of platforms, reduce capital expenditure, and meet the growing need for real-time analysis of high-volume data. However, the deployment of the cloud infrastructure escalates the risk of cyberattacks, as the data is stored at remote locations.  Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/bfsi-security-market/report-sample To combat the cyber threat, such institutions are increasingly adopting a range of advanced security solutions. The financial service sector has become a prime target for cybercriminals, as it centers around financial assets and generates massive unstructured data. Moreover, progressive steps such as the adoption of online banking and shift toward digital processes have increased the pro

HVAC Systems Improve Infrastructure Facilities in U.A.E.

A surge in construction activities in the transportation sector of the U.A.E. has led to the widescale adoption of heating, air conditioning, and ventilating (HVAC) systems in the country. The gulf country is spending hefty amounts on the construction of airports and expansion of railway infrastructure. These new facilities adopt HVAC equipment to offer better amenities. For example, the U.A.E. government launched "Route 2020" in 2018, to extend the Red line of Dubai Metro. The government is making similar investments to improve the infrastructure of the country. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/uae-hvac-market/report-sample These new units are largely focusing on the installation of smart HVAC systems that offer advanced monitoring systems, better controls, smart thermostats, and internet of things (IoT)-based temperature controls. Moreover, these smart systems help in building automation capabilities and provide enhanced

Cyber Insurance Policies Protect Healthcare Facilities from Cybercriminals

Governments of several countries have mandated the implementation of cyber insurance policies to mitigate the increasing cyberattacks. A surge in security risks can be attributed to the rising digitalization and easy connectivity in organizations. To combat these unprecedented situations, the governments have strengthened their cybersecurity laws by imposing hefty fines for data breaches. Thus, the growing government support will accelerate the cyber insurance market at a CAGR of 26.3% during 2020–2030. The market stood at $5,573.2 million in 2019 and it is expected to reach $70,671.9 million by 2030.The market growth is also driven by the burgeoning demand for cyber insurance from the healthcare sector. The deployment of new-age technologies in healthcare facilities exposes them to numerous cyber threats such as data breach and cyberattacks. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/cyber-insurance-market/report-sample Over the years, this