News Market Insights

The burgeoning number of construction projects is the biggest market driver. With the increasing concerns being raised over tenant and employee safety, emergency lights are being installed in almost all new industrial, residential, commercial, and government buildings. In this regard, the rampant urbanization and construction of houses, office buildings, hospitals, universities, restaurants, shopping complexes, hotels, and factories are helping market players gather high revenue. For instance, these lights will be procured in monumental numbers for the 100 smart cities being developed in India. Another key growth driver for the emergency lighting market are the government regulations mandating their installation. In closed buildings, anything can go wrong anytime, for instance, due to a major power cut, short circuit, fire, natural disasters, and bombing and other acts of violence. Moreover, if not constructed properly, buildings could fall, trapping people inside. The increasing conc...

Due to the mushrooming use of wearable devices, increasing adoption of the internet of things (IoT) in medical instruments, and surging utilization of compact batteries in the healthcare sector, the global micro battery market is expected to demonstrate a CAGR of 18.4% from 2019 to 2024. According to the estimates of the market research company, P&S Intelligence, the revenue of the market will surge from $418.2 million in 2018 to $1.1 billion by 2024.  With the rising prevalence of chronic diseases, such as diabetes and cancer and the surging population of geriatric people, the incorporation of advanced technologies and solutions in the healthcare sector is rising sharply. For instance, as per the World Health Organization (WHO), 422 million people all over the world are diagnosed with diabetes every year.  Furthermore, the organization found that the disease claims the lives of 1.6 million people across the world every year.  According to the World Population Ageing...

The booming demand for automated salesforce solutions, increasing adoption of digital marketing strategies, and surging focus of the e-commerce industry on improving its operations are expected to drive the field force automation market at a vigorous CAGR of 20.9% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue will surge from $1,196.9 million in 2019 to $9,033.0 million by 2030. Currently, the rising preference for cloud-enabled field force mobile applications, owing to their high storage capacity and flexibility of data sharing and retrieval, is becoming a market trend. In contemporary times, the demand for these solutions is driven by the increasing adoption of digital marketing strategies among enterprises to consolidate their position. Business organizations are using such strategies to expand their clientele and meet their customized needs. Besides, the increasing deployment of state-of-the-art technologies, such as robotics, machine ...

The tunnel automation market is categorized into highway and roadway tunnels and railway tunnels, depending on tunnel type. Of these, the railway tunnels category contributed higher revenue to the market in 2020. This is ascribed to the various benefits of railway tunnel automation solutions, such as reduced security and safety threats and enhanced efficiency of tunnel operations. Fire and safety, lighting and power supply, ventilation, signalization, communication, and air conditioning systems are some of the major components of these tunnel automation systems. When component is taken into consideration, the tunnel automation market is classified into heating, ventilation, and air conditioning (HVAC), signalization, and lighting and power supply. Amongst these, the HVAC category dominated the market in 2020, and it is predicted to demonstrate the highest CAGR in the market throughout the forecast period. This is credited to the extensive usage of HVAC components in tunnel automation. ...

A major growth driver for the edge AI software market is the surging adoption of cloud-based solutions in enterprises owing to the extensive volume of the data being generated by them. As AI-enabled applications deployed on the cloud platform usually exhibit latency issues and offer slow responses, business organizations are shifting toward edge AI software as it mitigates such issues by placing the computer resources at the edge of the network.  By placing the resources closer to the main data center, this software enables AI-based applications to function with a high bandwidth. The categories under the application segment of the edge AI software market include access management, autonomous vehicles, energy management, video surveillance, remote monitoring and predictive maintenance, telemetry, and others, such as smart wearables, precision agriculture, point of sale, field service support, and augmented reality (AR)/virtual reality (VR).  Among these, the video surveillance...

The inductive category dominated the market in 2020. This is ascribed to the fact that an inductive coupling has the ability to transmit 30–60% of the power. Moreover, inductive coupling is widely used in handheld devices, such as laptops, smartwatches, ear pods, and tablets. Transmitters and receivers are the two major components of wireless charging systems. Between these, the demand for receivers was observed to be higher in 2020. This was because of the existence of a larger number of receiver components than transceiver components, owing to the use of wireless charging in consumer electronic devices. In addition, the increasing adoption of wireless charging in several devices, such as drones, smartphones, and smartwatches. EVs is predicted to push up the demand for receiver components in the coming years. Geographically, North America dominated the wireless charging market in 2020. It is also predicted to generate high revenue in the coming years. This will be because of the exis...

The Wi-Fi analytics market is bifurcated into Wi-Fi marketing analytics and Wi-Fi presence analytics, based on application. Between the two, the Wi-Fi presence analytics category accounted for the larger share in the market in 2019 as presence analytics provides real-time information of customers using Wi-Fi networks, which includes data on repeat visitors, first-time visitors, physical location, and dwell time. This data offers companies detailed insights into consumer behavior and helps in engaging the customers directly, to increase their business opportunities. Moreover, the end use segment of the Wi-Fi analytics market is categorized into retail, smart infrastructure, hospitality, transportation, sports and entertainment, healthcare, and others. Among these, the smart infrastructure category accounted for the largest market share in 2019. This is ascribed to the fact that this technology helps the municipal bodies of cities observe the behavior of people during busy office hours ...