News Market Insights

The surging need for workforce optimization is one of the key factors responsible for the soaring demand for HR analytics solutions . Workforce optimization assists businesses in making their operations smoother and more efficient by ensuring that all operations are running in perfect synchronization and complete harmony. Moreover, workforce optimization helps enterprises in aligning resources and skills to a particular demand or a job for faster turnaround, collecting data pertaining to performance in a highly standardized framework, and empowering the human resource (HR) professionals so that they can accurately monitor the performance of employees. As HR analytics enables the analysis of business data, it has become a highly popular method of attaining workforce optimization in recent years. Additionally, HR analytics solutions can assist HR professionals in gaining a deeper understanding of the strengths and weaknesses of employees, the best course of action going forward, and futu...

The surging deployment of enterprise geographic information systems (GIS), increasing investments in the development of GIS infrastructure by governments, rising availability of spatial data and cloud technology, and mounting need for GIS solutions for location-as-a-service (LaaS) platforms are expected to drive the GIS market in the foreseeable period (2020–2030) at a CAGR of 12.1% . According to P&S Intelligence, the market size will reach $25.6 billion by 2030 from $7.5 billion in 2019. Moreover, the market is witnessing the surging preference for GIS solutions for disaster management. One of the prime factors aiding the GIS market growth is the rising adoption of enterprise GIS solutions. Advanced GISs offers meaningful and precise business intelligence for accurate marketing information about clients and effective product management. GIS Market Growth , Demand & Opportunities Thus, companies are investing heavily in these systems to access geographical data via software ap...

A memorandum of understanding (MoU) was signed between the Energy Efficiency Services Limited (EESL), an organization under the Indian Government’s Ministry of Power, and the North Bihar Power Distribution Company Limited and South Bihar Power Distribution Company Limited in 2018 for deploying smart meters in around 130 rural areas and towns in the state. Micro batteries are used in these meters in the real-time clocks that allow the operation of these meters during power cuts. When application is taken into consideration, the market is divided into automotive, consumer electronics, wearable devices, medical devices, and others such as smart meters and wireless sensor networks categories. Hence, as a micro battery is a critical energy source for a smart meter, the surging deployment of the latter is predicted to fuel the micro battery market at a CAGR of 18.4% during 2019–2024. Moreover, the revenue of the market is expected to surge from $418.2 million in 2018 to $1.1 billion by 2024...

Factors such as the increasing penetration of smartphones, surging adoption of the big data technology, and rising public Wi-Fi deployment are expected to drive the growth of the Wi-Fi analytics market at a CAGR of 24.2% in the foreseeable period (2020–2030). According to P&S Intelligence, the market size will increase from $5,210.0 million in 2019 to $52,975.5 million by 2030.  Moreover, the market is witnessing the surging adoption of social media, which plays a major role in customer engagement and communication. One of the key factors driving the growth of the Wi-Fi analytics market is the rising number of public Wi-Fi networks. The deployment of public Wi-Fi is increasing due to the surging penetration of smartphones, tablets, and other internet-connected devices. Wi-Fi Analytics Market Growth Prospects, Key Vendors, and Future Scenario The adoption of public Wi-Fi hotspots will witness fourfold growth during 2018–2023 as such networks meet the surging need for bandwidth...

The International Organization of Motor Vehicle Manufacturers (OICA) estimated that 77,971,234 vehicles were sold across the world in 2020, including 53,598,846 units of passenger cars and 24,372,388 units of commercial vehicles. The steep surge in automobile sales has resulted in dense traffic around the globe, owing to which governments of numerous countries, especially China, India, Germany, and the U.S., are focusing on the development of their roads and highways. Thus, the soaring automobile sale and increasing development of highways and roads will create a huge requirement for outdoor lighting solutions . Moreover, the increasing number of government initiatives on energy efficiency, on account of the surging concerns for energy conservation, will drive the outdoor lighting market at a CAGR of 7.3% during the forecast years (2020–2030). Outdoor Lighting Market Growth , Demand & Opportunities According to P&S Intelligence, the market revenue is expected to rise from $10....

In recent times, the uptake of tablet computers and smartphones has increased massively, primarily because of the rapid digitization of various business operations and the large-scale penetration of the internet. This has played a major role in propelling the worldwide demand for augmented reality (AR)/virtual reality (VR) solutions.   According to the World Bank, around 49% of the global population had access to the internet in 2017. With the extensive usage of these consumer electronic devices, the development of mobile applications has increased massively. For instance, the total number of smartphone users all over the world rose to around 3.5 billion by the end of 2020, registering a growth of nearly 9.3% from 2019. AR and VR Market Business Analysis, Growth and Forecast Report Apart from the aforementioned factor, the growing requirement for advanced technologies among enterprises operating in various verticals is also pushing up the demand for AR and VR solutions. These solu...

The global electric vehicle charging cables market generated a revenue of approximately $250 million in 2020, and it will exhibit huge expansion from 2021 to 2030, as per the estimates of P&S Intelligence, a market research firm based in India. The factors fueling the market surge are the growing deployment of electric vehicles (EVs), increasing concerns being raised over the escalating air pollution levels, and the burgeoning demand for public EV charging facilities and infrastructure. With the soaring adoption of EVs, the governments of many countries are actively focusing on developing EV charging stations. Moreover, several governments are making huge investments for developing and installing EV charging stations in various public places. As per the International Energy Agency (IEA), the total number of EV charging points around the world increased by nearly 44% from 2017 to 2018. The development of these stations is fueling the advancement of the electric vehicle charging cabl...