News Market Insights

Every year, over 1 million people die in road accidents, as per the World Health Organization (WHO). The saddest thing about this is perhaps that most of the accidents are preventable, only if people paid more attention to the road, kept a safe distance from vehicles in front, and drove within the legal speed limit. But, since that might be too much to ask, governments around the world are making advanced driver assistance systems (ADAS) mandatory in vehicles, so that the driver gets some much-needed help. Apart from HUDs, other applications of microdisplays , which are essentially small, high-resolution screens, are near-to-the-eye (NTE) devices, such as electronic viewfinders (EVF) and head-mounted displays (HMDs). Such displays are used in a wide range of industries, including consumer electronics, automotive, military & defense, industrial, retail & hospitality, sports & entertainment, and medical. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/ma...

The global web conferencing market attained a valuation of $2,109.3 million in 2019 and is predicted to generate a revenue of $78,547.9 million by 2030 . According to the forecast of P&S Intelligence, a market research company based in India, the market will progress at a CAGR of 39.3% between 2020 and 2030. The factors fueling the progress of the market are the surging utilization of web conferencing solutions these days because of the ongoing COVID-19 pandemic. Besides the above-mentioned factor, the rising adoption of the remote working policy by companies is also propelling the advancement of the web conferencing market across the world. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/web-conferencing-market-report/report-sample Currently, various organizations are re-thinking their operational strategies and devising methods for improving their productivity and reducing their operational expenditure. As per various surveys and reports, t...

Light sensors are installed in consumer electronic devices like smartphones and tablets to control automatic screen brightness and other features, which require the light to be sensed. The adoption of these electronics will escalate, on account of high demand from young population, especially the millennials. With a boom in the world population, the penetration of these devices will increase in the future. Owing to this reason, the light sensor market will accelerate at 9.5% CAGR during 2020–2030. According to P&S Intelligence, the market generated $1,456.2 million revenue in 2019. Apart from this, light sensors are also consumed in large quantity in the automobile industry. The automakers install these devices in the advanced driver assistance systems (ADAS) for park assist and to sense the light. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/light-sensor-market/report-sample Moreover, the integration of internet of things (IoT) technology ...

Extended reality (XR) solutions are being increasingly used in smartphones and connected devices. With the rising adoption of these consumer electronics, the usage of XR solutions will rise significantly. Also, the surging usage of augmented reality (AR) applications on these devices will fuel the integration of XR technology in the coming years. AR applications and devices are widely used in the retail, healthcare, and e-commerce industries. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/extended-reality-xr-market-insights/report-sample Moreover, the escalating investments in AR technology advancements will amplify the adoption of XR solutions in the foreseeable future. Moreover, the increasing adoption of 5G services will drive the extended reality market at a 48.3% CAGR during the forecast period (2020–2030). The XR market size is expected to rise from $18.6 billion in 2019 to $1,005.9 billion by 2030. XR solutions require high bandwidth, low ...

The Asia-Pacific (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.  Get the Sample Copy of this Report @  https://www.psmarketresearch.com/market-analysis/apac-outdoor-lighting-market/report-sample The solar street lights are suitable for remote areas where electricity is scarce. Moreover, rising adoption of LED lights is also facilitating the market, as these consume low energy and are economical for governments and businesses, in long term. Additionally, LED emergency lights last longer, brighter, and lesser fragile than other types of lights. Bes...

With the increasing popularity of e-mails, online videos/movies, online shopping, social media, instant messaging, video calling, news, and software & application downloads, the amount of internet data being created, consumed, and transferred is skyrocketing every year. Since hosting all this data on the on-site servers of companies and individuals is not possible, data centers have started to emerge around the world, thus giving rise to the concept of cloud computing. Edge data centers are generally constructed close to major townships, so that the issue of slow connectivity can be resolved. Therefore, with the rising usage of online services, the demand for edge data centers is burgeoning. For instance, the over-the-top (OTT) traffic, which refers to the data transfer between consumers and online video streaming services, such as Netflix, Amazon Prime Video, and Hulu, is expected to account for 83% of the global internet traffic by the end of this year, after already accounting f...

Retail outlets and hypermarkets/supermarkets are installing mobile point-of-sale (mPOS) terminals to offer a better customer experience, as these devices help in reducing customers' time by dipping the length of check-out queues. The utilization of mPOS solutions enables customers to finish their purchase from the main product area in a shop in a short duration, by paying for the items digitally. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/mobile-point-of-sale-mpos-terminals-market/report-sample Such devices offer higher customer satisfaction, which further building loyalty and trust among the consumers. These advantages have encouraged retail companies to migrate from traditional payment systems to smartphone- and tablet-based POS. Moreover, the increasing number of restaurants in the world will amplify the usage of mPOS solutions in the coming years. These foodservice facilities provide handheld mPOS terminals to their staff to take ord...

The global industrial refrigeration systems market generated a revenue of $26.8 billion in 2019 and it is predicted to grow at a CAGR of 5.0% between 2020 and 2030. According to the estimates of the market research company, P&S Intelligence, the market will attain a valuation of $41.1 billion by 2030. The major factors fueling the market advancement are the flourishing cold chain and food processing industries and the ballooning usage of refrigeration in the pharmaceuticals and chemicals industries. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/industrial-refrigeration-equipment-market/report-sample The mushrooming usage of these products in both developing and developed countries is driving the progress of the cold chain industry across the globe. Besides this, the soaring requirement for refrigeration in the chemicals and pharmaceuticals industry is also propelling the expansion of the industrial refrigeration systems market around the worl...

The global human enhancement market reached a value of $64.8 billion in 2019 and it is predicted to generate a revenue of $271.6 billion by 2030. According to the estimates of the market research firm, P&S Intelligence, the market will progress at a CAGR of 14.7% between 2020 and 2030. The rising incidence of neurological diseases and the growing usage of exoskeletons in rehabilitation centers are the major factors fueling the expansion of the market across the world. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/human-enhancement-market/report-sample Apart from the aforementioned factor, the increasing usage of bionic lenses by the blind and the visually impaired people is also creating lucrative growth opportunities for the players operating in the human enhancement market . These devices have the ability to significantly improve the vision of patients suffering from visual impairment by three times. For instance, Ocumetics Technology Corp....

According to estimates, the value of the global construction industry will rise from $10.5 trillion in 2017 to $12.8 trillion by 2022, primarily because of the launch of residential building, metro rail, and airport construction projects around the world. For example, there were 115 under-construction high-rise buildings in London in 2018. Similarly, the number of such under-construction projects was 42 in Chicago in 2019. On the other hand, India is planning to build 100 airports over the next 15 years. Get the Sample Copy of this Report @   https://www.psmarketresearch.com/market-analysis/chiller-market/report-sample This will be primarily because of their greater cost-effectiveness than the water-cooled variants. Across the world, the sales of chillers were observed to be the highest in the Asia-Pacific (APAC) region till 2019, and this trend will continue in the coming years as well. This is attributed to the fact that chillers are extensively used in China, on account of the c...

The WiGig market is growing on account of the rising demand for faster internet connectivity and increasing adoption of portable consumer electronic devices, such as mobile phones, tablets, and laptops. Due to these factors, the revenue generation by the sale of such solutions will witness a 27.9% CAGR during 2019–2024 (forecast period), surging from $1,078.7 million in 2018 to $4,386.1 million by 2024. WiGig is a set of protocols for wireless internet connections working at a frequency of 60 Hertz (Hz). Banking, financial services, & insurance (BFSI), government, healthcare, retail, residential, information technology & telecommunications (IT & telecom), and others are the divisions under the industry segment. During the historical period (2013–2017), the market was dominated by the IT & telecom category, as this industry makes the highest usage of the WiGig protocols for offering internet connectivity. During the forecast period, the highest CAGR is expected in the h...

Presently, the biggest fingerprint sensors market trend is in-display sensors, which are being increasingly used in smartphones. Consumer electronics companies are taking such measures to reduce the bezel size and make the screens bigger, which also gives the devices a modern and sleek look. Thus, with the burgeoning sales of smartphones around the world, especially in developing countries, the competition in this industry is increasing. Thus, to gain an edge over their competitors and distinguish their products from others’, companies are integrating in-display sensors and other unique features. The key factors responsible for the growth of the fingerprint sensors market are the increasing installation rate of such instruments in consumer electronic devices and their rising demand in the government sector. Due to these reasons, the market revenue, which was $3.8 billion in 2019, is predicted to witness a 13.6% CAGR during 2020–2030 (forecast period). Since every person has a unique s...

As per various reports, around 65% of the people all over the world used smartphones in 2019 and this share is predicted to rise to nearly 80% by 2025. This surge in the usage of smartphones all over the world is fueling the rise in the incidence of cyber attacks and mobile botnets, which is compromised software, that are, in turn, causing the loss of sensitive information or the denial of services (DoS). Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/cyber-security-market/report-sample Depending on component, the cyber security market is divided into solutions and services. Between these, the solutions category had higher market share in the past years. This was because of various factors such as the huge popularity of the bring-your-own-device (BYOD) trend, especially at workplaces, the widespread requirement for digitization, and the huge requirement for data protection. Because of these factors, retail, banking, financial services, and insuran...

These vaping devices have gained huge popularity among the youth, especially in the age group 16–24 years. People within this group are attracted by innovative flavors and modern design of various products. Moreover, the market players are also making constant efforts to attract the young population. For instance, the JUUL device was created to appeal the youth. Additionally, social media campaigns, such as #JUULing, also acted as a crowd puller, by becoming a constant hit among students. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/e-cigarette-market/report-sample Owing to the soaring popularity, players operating in the e-cigarette market are relying on product launches to attract more customers. For instance, in January 2019, Ploom S, which is a high-temperature tobacco vapor product, and Ploom TECH +, which is a low-temperature tobacco vapor product, were launched by Japan Tobacco Inc., under its Ploom brand. The company claims that both th...

The rising penetration of the internet of things (IoT) technology in the agriculture sector, mounting demand for high crop yields, increasing deployment of drones for pesticide spraying, surging need for real-time livestock monitoring, and growing focus on improved crop management are expected to drive the artificial intelligence (AI) in agriculture market at a CAGR of 24.8% during the forecast period (2020–2030). Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/artificial-intelligence-in-agriculture-market/report-sample The market revenue stood at $852.2 million in 2019, and it is projected to reach $8,379.5 million by 2030. The increasing adoption of drones by farmers has become a key growth driver for the market. Drones are being used for scanning soil health, estimating yield data, applying fertilizers, and assisting in irrigation schedules. Moreover, the surging number of government initiatives facilitating the adoption of drones for improving ...

To lure in more customers, the retail and e-commerce sector is rapidly adopting the augmented reality (AR) and virtual reality (VR) technologies. For instance, many retailers are offering AR-integrated mobile apps that give customers a virtual tour of the store, so they can make more-informed purchase decisions when physically there. Similarly, by gamifying such mobile apps, companies can increase brand awareness.   Another application of AR and VR in the retail sector is product customization, wherein people can use the AR/VR features on the mobile apps for the purpose. Thus, one of the key drivers for the rising demand for AR and VR solutions is the burgeoning smartphone adoption. With people’s growing disposable income, especially in developing countries, the sale of mobile phones and tablets is picking up.   Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/augmented-reality-and-virtual-reality-market/report-sample This is giving technol...

The MEA 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.  Hence, to obey the regulations and support policies, market players are introducing energy-efficient systems in the region. For instance, due to violating the standards of Saudi Energy Efficiency Center, the customs department of Saudi Arabia seized 759,000 products in 2017. The type segment of the Middle East and Africa HVAC market is classified into heating, ventilation, and cooling. Among these, the cooling category held the largest market share in 2018.  Get the Sample Copy of Report: https://www.psmarketresearch.com/market-analysis/mea-hvac-market/report-sample This is attributed to the fact cooling systems are require...

The global computer-aided design (CAD) software market attained a valuation of $9.3 billion in 2019 and it is predicted to advance at a CAGR of 6.6% between 2020 and 2030. According to the forecast of P&S Intelligence, a market research company based in India, the market will generate a revenue of $18.7 billion by 2030. The growing adoption of the CAD software in automotive and manufacturing industries is one of the major factors driving the progress of the market. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/cad-software-market/report-sample Apart from the above-mentioned factor, the burgeoning usage of the CAD software in the packaging industry is also fueling the expansion of the CAD software industry across the globe. Packaging processes involve the designing, planning, boxing, wrapping, or bottling of products for various end users such as individual customers and military, industrial, and manufacturing industries. These operations alo...