Market Research Blog – Page 11723 – New Product Development

Remote Desktop Software Market 2022 Growth Opportunities, Top Players, Regions, Application, and Forecast to 2030

The Remote Desktop Software Market is currently valued at US$ 2.31 Bn in 2022 and US$ 5.9 Bn in the year 2030, likely to surge at a vigorous 12.4% CAGR during the assessment period 2022 – 2030. The report attributes the growth of the market to continual demand in IT and telecommunication sectors, coupled with the penetration of the internet and computers into the manufacturing and healthcare sectors at a healthy pace. Similarly, the advent of cloud computing technologies has also been identified as a crucial growth attribute.

Remote Desktop Software Market Size (2022)	US$ 2.31 Bn
Sales Forecast (2030)	US$ 5.9 Bn
Global Market Growth Rate (2022 to 2030)	12.4% CAGR
Market Share of Top 5 Industry Players	50%

Furthermore, the report opines that the COVID-19 pandemic will catalyze the demand for remote desktop software as organizations across the world adopt remote working cultures and seek solutions that aid in keeping their day-to-day operations intact. This is expected to give a major boost to the remote desktop software market.

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Key Takeaways

Adoption of remote desktop software solutions will remain concentrated across small & medium enterprises, which account for nearly 3/5^th of market value.
Cloud-based remote desktop software remains the most popular deployment type, capturing more than 2/5^th of global value.
Based on end-use, the IT & telecommunication sector will hold over 30% of market value, owing to high reliance on computers.
South Asia & Pacific will reign supremacy over the regional landscape, backed by the presence of a flourishing IT sector that offers support services to IT firms worldwide.
North America and Europe and will cumulatively account for nearly 2/5^th of market value.

COVID-19 Impact

The outbreak of COVID-19 has positively influenced the growth trajectory of the remote desktop software market, creating a significant upsurge in the demand for these solutions. In the first quarter of 2020, numerous organizations across the world have adopted remote working models to ensure their operations remain unhindered.

On this premise, the demand for remote desktop software has witnessed an uptick as it aids in support services by eliminating the need for in-person examination in times of social distancing. Furthermore, as the work-from-home model has emerged as a new normal, the demand for remote desktop software will persist high for the years to come.

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Who is Winning?

Players in the remote desktop software market are directing their efforts to launch innovative services with advanced features such as two-way communication, screen recording, high safety, etc. Launching software for multiple operating systems and offering effective customer support have also been identified as key growth strategies. On these lines:

In April 2020, HP Enterprises announced a high-performing virtual desktop infrastructure designed to bolster remote working.
In August 2018, Microsoft announced the launch of its mobile app that enables users to access computer using mobile devices

FMI’s report includes profiles of some of the most prominent names in the market including ConnectWise, Microsoft, TeamViewer, Splashtop Inc., AnyDesk, Zoho Assist, RealVNC Limited, BeyondTrust Corporation, LogMeIn, Inc., Techinline, Goverlan, Inc., and ISL Online, among others.

Remote Desktop Software Industry Survey

Remote Desktop Software Market by Deployment Type:

On-premise Remote Desktop Software Solutions
Cloud Remote Desktop Software Solutions
Web-based Remote Desktop Software Solutions

Remote Desktop Software Market by Enterprise Size:

Small & Medium Enterprises
Large Enterprises

Remote Desktop Software Market by End Use:

Government
IT & Telecommunications
BFSI
Healthcare
Retail
Education
Media & Entertainment
Others

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Remote Desktop Software Market by Region:

North America Remote Desktop Software Market
Latin America Remote Desktop Software Market
Europe Remote Desktop Software Market
East Asia Remote Desktop Software Market
South Asia & Pacific Remote Desktop Software Market
Middle East & Africa (MEA) Remote Desktop Software Market

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About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Automotive Semiconductor Market Upcoming Trends and Transformation, Growth Outlook 2022-2030

The automotive semiconductor market is growing remarkably quickly. Future Industry Insights (FMI) projects that the global automotive semiconductor market would expand at a 7.1 percent CAGR between 2022 and 2030, notwithstanding the difficulties brought on by the continuing pandemic. The market for automotive semiconductors is anticipated to reach US$ 54.9 billion in 2022 and US$ 94.99 billion in 2030. The top market participants want to take advantage of the growing demand for electric vehicles and technological safety features like the Advanced Driver Assistance System (ADAS).

Automotive Semiconductor Market Size (2022)	US$ 54.9 Bn
Market Value Estimation (2030)	US$ 94.99 Bn
Global Market Growth Rate (2022-2030)	7.1% CAGR
Dominant Application Share (2022)	Safety – 24.2%

The market is anticipated to experience stable expansion based on historical analysis and recent data due to the increased demand for electric vehicles, automotive safety norms, and cutting-edge automotive technologies across numerous countries.

The manufacturing sectors have been harmed by the COVID-19 epidemic even though market growth is accelerating pretty steadily. Nevertheless, despite production disruptions, industry participants are anticipated to concentrate on research projects that would support market expansion in the years to come. For instance, in the present year, Broadcom Inc. has developed a wide range of automotive technologies, including LED lighting, optical isolation and sensing, wireless communications, and vehicle connectivity and networking.

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According to the report, the increasing production of vehicles and surging demand safety features have been resulting in the incorporation of electrical systems in the automotive industry. The overall growth curve of the market tends to remain upward during the forecast period.

Some of the key takeaways from the report are highlighted below:

The global automotive semiconductor market will grow steadily at a CAGR of 7.0% during the forecast period of next ten years (2020 to 2030)
Passenger vehicles to continue leading the market among vehicle type-wise segments
The market value of the automobile semiconductors for the applications such as body, safety, power train and others to experience an overall growth by 7.0% CAGR during the forecast period
The automobile semiconductors for the micro-components (processors) to remain the dominant component of the global automobile semiconductor market. As per the research, the segment is about to gain an accelerated growth of 7.0 % CAGR during the forecast period (2020-2030)
Region-wise Europe and South East Asia to exhibit the highest growth. North America and Latin America to hold the leading market position

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Covid-19 Impact Analysis

Due to the COVID-19 pandemic there is global decline in the automotive demands as a result of the manufacturing units’ shutdowns, drop in GDP and other factors. The market growth is to decline further in the upcoming months.

The electrical and digital vehicles being the major source of the automotive semiconductors demands, the global automotive semiconductor market is about to decline by 5% in 2020. Despite of the complete shutting down of the production plants during the lock down, the overall year-to-year growth of the automotive semiconductor market is expected to be 5%-8% by 2021.

Who is winning?

In this report, Future Market Insights has thoroughly researched the various strategies which are being used by major businesses in the automotive semiconductor market. As the unlimited scope and opportunities subsides, the leading market players like Intel Corporation, NVIDIA Corporation, Samsung Semiconductor etc. is taking strategic actions in order to keep them in the top positions globally.

Some of the leading competitors in the global automotive semiconductor market-

Intel Corporation
Samsung Semiconductors
NXP Semiconductors
NVIDIA Corporation
Broadcom Inc. (AVGO)

More Valuable Insights on Automotive Semiconductor Market

In its latest report, Future Market Insights offers an unbiased analysis of the global automotive semiconductor market, providing historical data for period of 2015-2019 and forecast statistics for the period of 2022-2030.

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Key Segments of Automotive Semiconductor Industry Survey

Automotive Semiconductor Market by Component:

Micro Components (Processors)
Memory Devices
Logic
Optical & Sensors
Analog ICs
Discrete Devices

Automotive Semiconductor Market by Vehicle Type:

Automotive Semiconductors for Passenger Vehicles
Automotive Semiconductors for Light Commercial Vehicles
Automotive Semiconductors for Heavy Commercial Vehicles

Automotive Semiconductor Market by Application:

Body
Safety
Telematics & Infotainment
Power Trains
Chassis

Automotive Semiconductor Market by Region:

North America Automotive Semiconductor Market
Latin America Automotive Semiconductor Market
Europe Automotive Semiconductor Market
East Asia Automotive Semiconductor Market
South Asia & Pacific Automotive Semiconductor Market
Middle East & Africa (MEA) Automotive Semiconductor Market

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Remote Construction Market Expecting Massive Growth During 2022-2030

The Remote Construction Market is anticipated to be valued at US$ 853.2 million in 2022 and to grow at a CAGR of 14.3 percent to reach US$ 2.5 billion by the end of 2030. A growing number of businesses are adopting cutting-edge technology like artificial intelligence (AI) and machine learning to assess project-specific data and determine whether or not other possible disruptions may occur. The market for remote construction is anticipated to expand at a remarkable rate, propelled by the rapidly increasing adoption of cutting-edge technology.

Remote Construction Market Size (2022)	US$ 853.2 Mn
Sales Forecast (2030)	US$ 2.5 Bn
Global Market Growth Rate (2022 to 2030)	14.3% CAGR
Share of Top 5 Market Players	50%

In addition to helping businesses assess supply levels, timelines, and weather, remote construction technology also enables them to avoid making the same mistakes they did on earlier projects. Remote construction solutions are increasingly in demand as businesses strive to save costs associated with every project and demand for precise insights rises.

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Artificial intelligence and machine learning are not only transforming the way construction companies are executing projects but are intended to create a real impact on daily working conditions for on-site workers.

Several companies have realized the potential of modern technologies and have been forthright in acknowledging process improvements they experienced. For instance in August 2018, Orange Business Services, recognized the potential for leveraging data and thus acquired Basefarm Holding AS, player in cloud-based infrastructure and services.

Through this acquisition Orange Business Services was able to accelerate its growth in cloud computing, Big Data, and artificial intelligence. FMI’s report offers exclusive insights into the market for remote construction.

Some of the key takeaways from the report are highlighted below:

Based on application, the remote management segment is forecast to rise by 4.0x of its current market value by the end of 2030
The demand for remote construction tools and software is poised to surge exponentially, compelling market players to focus on better usage of analytics for efficient decision-making
Among end-use industries, the construction sector is forecast to remain dominant through the course of the forecast period
While North America and Europe enjoy dominance, the East Asia market for remote construction is expected to surge at an impressive 17% CAGR between 2020 and 2030

COVID-19 Impact Analysis

The unprecedented COVID-19 outbreak has brought some distinctly valuable experienced under the spotlight. For instance, it has revealed the significance of having the capability to work with any data from any device at any time and from anywhere.

Thus working on a cloud-based remote construction solution with remote accessibility has several advantages. The construction sector has taken a massive hit due to the outbreak of COVID-19. Remote working has therefore emerged as a go-to strategy for companies to continue operations despite restrictions enforced across the world.

By digitizing processes and systems, companies have paved the way for long-term changes within the sector. Governments and various international authorities are supporting the implementation of remote construction technologies as an innovative and creative way of ensuring employee safety and hindrance-free operations.

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Who is winning?

Companies operating in the remote construction market are currently focusing on product launches and strategic collaborations to gain a competitive advantage. Some of the leading players in the market are Oracle Corporation, Autodesk Inc., Trimble Inc., Caterpillar Inc., Hitachi Ltd., Giatec Scientific, Inc., Kore Wireless, WorldSensing, and CalAmp Corp., among others.

More Valuable Insights on Remote Construction Market

In its latest report, Future Market Insights offers an unbiased analysis of the global remote construction market, providing historical data for a period of 2015-2019 and forecast statistics for the period 2022-2030.

Remote Construction Industry Survey

Remote Construction Market by Component:

Remote Construction Solutions
Remote Construction Services

Remote Construction Market by Application:

Remote Management
Construction Management
Communications
Others

Remote Construction Market by End-use Industry:

Construction
Energy & Utilities
Mining

Remote Construction Market by Region:

North America Remote Construction Market
Latin America Remote Construction Market
Europe Remote Construction Market
East Asia Remote Construction Market
South Asia & Pacific Remote Construction Market
Middle East & Africa (MEA) Remote Construction Market

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Home Office Spending Market is Booming Across the Globe and Witness Huge Growth by Key Players to 2030

The Home Office Spending Market is predicted to expand at a remarkable CAGR of 15.7% to close in on a valuation of US$ 25.71 Bn in 2022 and US$ 82.42 Bn by the end of 2030.

Home Office Spending Market Size (2022)	US$ 25.71 Bn
Revenue Forecast (2030)	US$ 82.42 Bn
Global Market Growth Rate (2022-2030)	15.7% CAGR
Dominant Application	Business Productivity (40.1%)

Government efforts associated with the prevention of COVID-19 contagion imply that the home office has stepped up from simply a benefit to a necessity for maintaining the entire operation of businesses and work-related activities. As telecommuting has become mainstream, and subsequently work-from-home (WFH) culture is expected to continue after workplaces resume on large scale, Future Market Insights (FMI), in its recent study, has brought key trends shaping the home office spending market to the fore.

While remote work software such as virtual reality (VR) conferencing, and mobile work tools will become preferable form of communication – even face-to-face meetings – artificial intelligence (AI) will also play significant role in managing remote staff.

Home Office Spending Market Size Study

Home office spending tools currently hold leading revenue share
Cloud deployment models to capture greater value share in home office spending market, tentative to 60%
Business productivity will remain key application area of home spending solutions
Players to eye investment opportunities in North America and Europe, as both regions are test beds for technology innovations

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COVID-19 Impact on Home Office Spending Market

With the COVID-19 pandemic showing no signs of subsiding, it has become palpable that work from home (WFH) – or remote working – could be a long-term reality. In order to help customers transform better and embrace WFH lifestyle sleekly, many several companies have granted home office allowance, or relevant facilities such as computers and furniture.

Recent estimates suggest that almost 55% of enterprises worldwide provide certain capacity for remote working, and about 18% of workforce telecommute on regular basis.

Moving ahead, isolation of home offices has created fertile breeding ground for companies to engage telecommuters with online platforms and communities. There is plethora of opportunities to establish connections with the work-from-home community.

Such trends translate into increased demand for home office spending tools and services including, collaboration tools, conferencing software, and security services.

Home Office Spending Market – Competitive Intelligence

The global home office spending market is characterized by presence of various leading players such as Oracle Corporation, Microsoft Corporation, and Google Inc. As organizations and working professionals are being exposed to COVID-19-induced challenges, these players are stepping up their efforts to provide secured enterprise network solutions. For instance,

Microsoft has rolled out new updates for its subscription services – Office 365 – which include 1 TB of OneDrive cloud storage per individual, advanced security features to keep phishing attacks and malware at bay, and 60-min Skype calling on mobile phones and landlines.
Oracle has announced free access to its Workforce Health & Safety solution that allows HR executives to trace and record health-related issues among their colleagues (such as confirmed COVID-19 cases), reduce exposure to larger workforce, and take necessary actions quickly.

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Want To Know More About Home Office Spending Market?

A new market research report published by Future Market Insights (FMI) on the global home office spending market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2022-2030. The report examines the home office spending market through four different segments – solution, deployment, application, and region. The home office spending market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the development of home office spending solutions and product adoption across several end-use industries.

Key Segments Of Home Office Spending Industry Survey

Home Office Spending Market by Solution:

Home Office Tools
- Collaboration Tools
- Conferencing Software
- VPN Tools
- Cloud Backup/Drives
- Remote Desktop Software
Home Office Services
- Security Services
- Network services
- Remotely Managed IT Services
- Support Services

Home Office Spending Market by Deployment:

Cloud
On-Premise

Home Office Spending Market by Application:

Business Productivity
Information Security
Enterprise Communication
Others

Home Office Spending Market by Region:

North America Home Office Spending Market
Latin America Home Office Spending Market
Europe Home Office Spending Market
East Asia Home Office Spending Market
South Asia & Pacific Home Office Spending Market
Middle East & Africa (MEA) Home Office Spending Market

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Digital Risk Protection Platform Market 2022: Size, Revenue, Application, Types, and Trends In Future, Scope To 2030

The market for digital risk protection platforms is expected to grow at a CAGR of 9.8% between 2022 and 2030, reaching US$ 946.6 million in 2022 and US$ 1.96 billion by the end of 2030.

Digital Risk Protection Platform Market Size (2022)	US$ 946.6 Mn
Net Revenue Total (2030)	US$ 1.96 Bn
Projected Market Growth Rate (2022-2030)	9.8% CAGR
North America Market Share	28.6%

Recent rapid technology improvements have forced businesses to spend money on intelligent database systems. Cybercriminals now find it simpler to target an organization’s activities and steal its data for financial benefit due to the growing amounts of data collection. Multi-channel convergence and a number of brittle interfaces are the results of digitization. These data breaches endanger the organization’s long-term viability. Consequently, the 21st century has seen a high rate of proliferation of intelligent cyber-security systems.

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Digital Risk Protection Market: Key Takeaways

Cloud-based integrated digital risk protection platforms to acquire high popularity, expanding at ~11%
North America is likely to emerge as the market hegemon, attributed to high expenditure on security solutions
SMEs to gather significant momentum in the forecast period, ascribed to their growing business volumes
BFSI to dominate the market in terms of industrial applications. Rising volumes of banking transactions is the chief driver
East & South Asia are poised to be the fastest growing regions, attributed to high volumes of digital business operations

COVID-19 Impact Analysis

The COVID-19 pandemic has impacted business in every sector. Social distancing norms are compelling organizations to transition towards digitalization to ensure operational continuity. Adoption of cloud computing platforms and build-your-own-devices to facilitate remote working are becoming highly mainstream.

According to estimates, nearly 3/5^th of the organizations have adopted cloud platforms as a new normal. Companies are transforming existing infrastructure into virtual environment, aggrandizing the risk of cyber threats.

Organizations are experiencing cyber threats and security vulnerabilities in remote working. Cybercriminals are leveraging the COVID-19 pandemic scenario to initiate ransomware, phishing emails and data theft attacks to steal confidential information.

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Competitive Intelligence

The digital risk protection platform market is highly fragmented, characterized by the presence of a number of regional players and global corporations. Within the scope of this report, the following companies have been profiled: Proofpoint, Digital Shadows Ltd, FireEye, RSA Security LLC, Axur, Cyberint, RiskIQ and Safeguard Cyber.

The aforementioned market players tend to rely on collaborations, partnerships and product launches in order to stay afloat. In August 2020, for instance, Proofoint partnered SaiPoint to develop a cyber-security solution aimed at safeguarding users’ data in e-mail inboxes. Moreover, end-users can avail secure access to applications without the fear of any malware attacks.

In July 2020, Digital Shadows initiated a new database service enabling organizations to discover possible data breaches by introducing additional capabilities within its SearchLight platform.

More Insights

FMI’s report on the digital risk protection platform market is segmented into four major sections such as solution (integrated digital risk protection platform, and services), enterprise size (SMEs, large enterprises), industry (government, education, manufacturing, automotive, BFSI, healthcare, IT & Telecom, and others) and region(North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa) to help readers understand and lucrative evaluate opportunities in the digital risk protection platform market.

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Security Inspection Market Aims to Expand at Double-Digit Growth Rate | Leidos, Nuctech Company Limited, Smiths Group plc., Rapiscan Systems (OSI Systems, Inc.), EAS Envimet Analytical Systems, C.E.I.A. SpA,

The Security Inspection Market is anticipated to witness moderate growth, registering a 4.3% CAGR during the forecast period (2022-2030) and projected to reach US$ 10.27 Bn by the end of 2030.

Security Inspection Market Size (2022)	US$ 7.33 Bn
Sales Forecast (2030)	US$ 10.27 Bn
Global Market Growth Rate (2022 to 2030)	4.3%
Share of Top 5 Market Players	20%

The coronavirus global pandemic has had a severe impact on the aviation industry and has restricted operations by security personnel in multiple sectors. However, with investments in law enforcement and defence sectors, the sales and adoption of security inspection services and products is expected to remain positive in the near future.

Key Highlights

Personnel screening systems remain highly sought-after in security inspection applications to minimize internal threats
Aviation sector accounts for greater security inspection product and service adoption through 2030
Portable security inspection models continue to generate strong demand over, larger area coverage benefits
North America will remain at the forefront of the industry, given the higher risk of terrorism and domestic unrest in the United States

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Covid-19 Impact on Security Inspection Market

The coronavirus pandemic has exposed a wide range of sectors to substantial economic uncertainty owing to restricted operations, and strict social distancing guidelines. The security inspection market is witnessing lower demand, particularly in the transport sector. However, tech innovations could potentially generate key growth opportunities.

While physical distancing becoming the norm, institutions using security inspections are displaying interest towards automated systems, and self-service products to minimize touchpoints to minimize human to human interactions.

Consequently, the advancements in AI and data analytics will help in managing the recovery of the end user sectors such as defense and aviation in terms of traffic growth, airport infrastructure, passenger expectations, and changing security threats.

Competitive Intelligence

Some of the key players in the security inspection market include Leidos, Gilardoni S.p.A., Nuctech Company Ltd., Analogic Corporation, Smiths Group plc, ADANI, Rapiscan Systems, Unival group GmbH, EAS Envimet Analytical Systems GmbH, Bruker, and C.E.I.A. SpA. With the competitive nature of the market landscape, product development and launch strategies, and efforts towards regulatory approval are key strategies.

The Kylin Ti computed tomography imaging scanner by Nuctech Company Limited has received the European Civil Aviation Conference’s certification of Explosive Detection System for Cabin Baggage (EDSCB) designation.
The US Transport Security Administration (TSA) has added the EMIS series electromagnetic cargo screening systems to its official list of Air Cargo Qualified technologies, for potential terrorism threats and to detect contraband and restricted goods.

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More About Security Inspection Market?

A new market research report published by Future Market Insights (FMI) on the global security inspection market offers key insights into the market trends and analysis of critical opportunities through the assessment period, 2022-2030.

Key Segments

Product

Personnel Screening Systems
Checkpoint Screening Systems
Explosives & Drugs Trace Detection Systems
Liquid and Radioactive Substance Monitors,
Cargo and Baggage Inspection Systems
Vehicle Inspection Systems
Others

Type

Portable
Fixed

Application

Aviation
Border Security
Correctional Facilities and Law Enforcement
Critical Infrastructure Protection
Commercial Security
Others

Service

Security Consulting Services
Installation and Integration Services
Maintenance and Repair Services
Security Training Services
Support Services

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Telehealth Software Market- Size & Share Analysis with Key Insights, SWOT Analysis, Top Key Players and Industry Forecasts 2022-2030

The market for telehealth software is anticipated to reach US$ 14,200 Mn in 2030 and would likely grow at a rapid 15.4 percent CAGR between 2022 and 2030. The use of telehealth software is revolutionising how healthcare is delivered. Telehealth software enables healthcare providers to increase patient care while enhancing patient outcomes and distant monitoring using wireless communications and electronic consults.

2022 Market Value	US$ 6,010 Mn
2030 Market Value	US$ 14,200 Mn
CAGR% (2022-2030)	15.4%
Share of Top 5 Players	20%

Hospitals and healthcare systems are leading the way in embracing and expanding via telehealth due to the rising usage of digital technologies to deliver medical care and public health. For instance, the American Hospital Association reports that the use of telehealth software and solutions has increased significantly in recent years, with more than 76 percent of American hospitals have completely or partially implemented computerized telehealth systems by 2018.

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Digital technologies are continuously becoming an important resource for the enhanced delivery of health services and with the growing adoption of mHealth solutions, the opportunities for the growth of telehealth software are set to rise sharply in the coming years.

Research indicates that there has been high spending on digital healthcare infrastructure with increasing sales of wearable technologies. Moreover, the integration and development of digital health technologies such as the Internet of Things (IoT), augmented and virtual reality (AR/VR), artificial intelligence (AI), and more are creating potential growth opportunities for the telehealth software market.

Key Takeaways of Telehealth Software Market Study

Cloud-based segment expected to capture around 45% of market share in 2020
Healthcare providers are dominating the market with the market share of 85% in 2019, owing to the growing adoption of real-time communication solutions and increased adoption of remote patient monitoring
South Asia and Pacific is estimated to grow at a CAGR of 20% in the telehealth software market owing to the continuous investments in digitalizing healthcare infrastructure

COVID-19 Impact Analysis on Telehealth Software Market

The outbreak of COVID-19 highlighted the need for businesses to adapt quickly to remote working options, pushing them to change their technological landscape to ensure business continuity during the pandemic. Thus, it brought the critical need for adoption of digital technologies and innovative solutions in the healthcare sector. With the evolving COVID-19 pandemic, healthcare providers are focusing on implementing and upgrading telehealth software and solutions to enhance their ability to care for massive increase in patients.

The adoption of telehealth software and solutions is helping healthcare providers and payers in avoiding unnecessary visits to healthcare facilities, thus, reducing the exposure to the coronavirus and also in keeping those on the frontlines safe. In addition to this, the demand for cloud-based telehealth software is expected to surge as the demand for real-time communication and remote monitoring is set to increase in coming years.

The telehealth software market grew around 13% Y-o-Y in 2018 and 2019 and with the outbreak of COVID-19, the market is expected to witness a growth rate of around 18%-20% during 2021-2023. Moreover, the telehealth software market is projected to increase 1.4x between 2020 and 2022, owing to the outbreak of COVID-19.

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Competition Landscape Driving Growth through Innovation

Ongoing technological revolution, intense competition, and ever-changing customer expectations are creating a storm in the global telehealth software market, which is compelling solution providers to integrate smart technologies such as AI, IoT, Block chain, and AR/VR. Moreover, collaborations and partnerships with IT solution providers can also help telehealth software solution providers to enhance their market share and customer base.

For instance, in October 2019, American Well and Cleveland Clinic entered into the partnership to offer customers with broad access to healthcare services via telehealth. Together, both the organization formed a joint venture company “The Clinic” which offers the virtual care through American Well’s digital health technology platform.

Some of the key players in the telehealth software market are Aerotel Medical Systems Ltd., Koninklijke Philips N.V., Teladoc Inc., American Well, Chiron Health, Medtronic, Honeywell International, Tunstall Healthcare, AMD Global Telemedicine, Inc., Cisco Systems, Inc., and Medvivo Group Ltd.

Telehealth Software Market Outlook by Category

By Component, Telehealth Software Demand is segmented as:

Software
Services

By Deployment, Telehealth Software Outlook is segmented as:

Cloud-based
On-Premises

By End User, Telehealth Software Outlook is segmented as:

Healthcare providers
Healthcare payers and Patients

By Region, Telehealth Software Sales is segmented as:

North America
Latin America
Europe
East Asia
South Asia and Pacific
Middle East and Africa

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Submarine Cables Market Trends and Top Growth Companies, key insights into business scenarios by 2030

The submarine Cables Market is expected to witness moderate growth, registering 4.8% CAGR during the forecast period (2022-2030) and projected to reach US$ 4.38 Bn by the end of 2030

Submarine Cables Market Size (2022)	US$ 3 Bn
Sales Forecast (2030)	US$ 4.38 Bn
Global Market Growth Rate (2022 to 2030)	4.8%
Share of Top 5 Market Players	58%

During the forecast period of the report, the market is expected to be driven by increased investment in infrastructure for better international communication. Submarine cables are widely used for power transmission in addition to communication transmission.

These cables were developed to transfer the power generated by offshore wind farms to various power plants and countries over island connections. When it comes to communications, these cables are laid along the ocean floor, carrying an astonishing amount of data traffic between countries.

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Submarine cables account for over 90% of data traffic worldwide

Submarine communication cables make up more than 90% of the data traffic generated worldwide. They have an impressive carrying capacity measured in terabits per sector. Since then, these cables have been highly valued by OTT and huge telecommunications providers such as Facebook, Microsoft, Google and Amazon.

They are also considered by most governments to be an essential and important element of the economy. Therefore, different countries have specific regulations governing their markets. Some countries have created safe zones and banned access to cables along the ocean floor, thus protecting potential damage again.

Submarine cable line ownership is becoming more prominent among technology-enabled product and service providers

Increased data traffic is increasing investment in submarine cables. FMI forecasts markets to witness increased investment in regions such as the Middle East, Asia Pacific, Latin America and Europe. Some of the major telecommunications providers are behind the surge in investment recorded in these regions. For example, Amazon’s cables run from the United States to Asia Pacific, connecting countries such as California, Japan, Oregon, and Singapore.

FMI investigates in detail the various factors that influence market growth. It provides deep insight into the market. Some of these are:

Europe is expected to dominate the global submarine cable market
Increased offshore wind farm activity will increase market investment
Huge repair and maintenance costs can hinder growth
Barriers to the entry of small businesses will continue, especially as the market is capital intensive.
Nevertheless, SMEs are expected to focus on small projects across different regions.

“Although there are some drawbacks, submarine cables are considered a cheaper and more efficient medium for communication between countries. In addition, submarine cables are used for power transmission and will be in the future. It is expected to give momentum to the market in the next few years, “said FMI’s chief analyst.

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Who is winning?

The submarine cable market is characterized by some huge presence, so there is fierce competition. The market is so capital intensive that it offers few opportunities for SMEs. Nonetheless, players in smaller markets are expected to focus on smaller projects because they are floating in a huge competition.

FMI introduces some of the leading companies operating in the market. These include Alcatel-Lucent, Google, NEC, Subcom, NKT A / S, Nexans, Prismian Group and more.

Gain valuable insights into the submarine cable market

Future Market Insights executive-level blueprint for the report’s submarine cable market. It provides sophisticated forecasts of revenue growth seen in different segments. Trends that affect the market trajectory across these segments will also be investigated in detail for the period 2020-2030.

The report studies the global submarine cable market in terms of products to electrical cables, fiber optic cables, hybrid / composite cables, and umbilical cables. Based on the filling type, the market is divided into oil / fluid filling cables and solid filling cables. Based on end applications, the market covers oil and gas, renewable energy, telecommunications, and defense segments. Regionally, the global submarine cable market can be divided into North America, Latin America, Europe, Asia Pacific, Oceania, the Middle East and Africa.

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Key segment

Product type

Electric cable
Fiber optic cable
Hybrid / composite cable
Umbilical cable

Filling type

Oil / liquid filling cable
Solid fluid cable

End use

Oil and gas
Renewable energy
Telecommunications
defense

region

North America
Latin America
Europe
Asia Pacific
Oceania
MEA

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Concealed Weapon Detection Systems Market Is Estimated To Develop At A Substantial CAGR For The Duration Of The Prediction

The Concealed Weapon Detection Systems Market is projected to reach US$ 1.17 Billion in 2031 from US$ 637.8 Mn in 2022, growing at a robust 6.9% CAGR during the assessment period of 2022 to 2031.

Concealed Weapon Detection Systems Market Size (2022)	US$ 637.8 Mn
Sales Forecast (2031)	US$ 1.17 Bn
Global Market Growth Rate (2022 to 2031)	6.9%
Share of Top 5 Industry Players	47%

As public safety is endangered by anti-social groups, there is a significant need for concealed weapon detection systems in the aviation business, the government sector, and commercial places including educational institutions, banks, and retail malls. Terahertz body scanners can recognise and accurately detect hazards that are hidden in bags or beneath a person’s clothes, such as concealed weapons and contraband.

The integration of sensors, imaging technologies, and actuators has made remarkable breakthroughs possible, opening up a profitable market for the sale of concealed weapon detection systems.

In light of the urgent need for security screening with concealed weapon detection at ports and borders amid escalating political unrest, configurable terahertz body scanning systems have been widely used on a global scale.

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Rise of cross border terrorism and increasing number of terrorist outfits have given every government a reason to invest in the best and the most advanced concealed weapon detection technologies.

Key Takeaways from Global Concealed Weapon Detection Systems Market Study

Transportation infrastructure to remain the leading segment exhibiting a 2.1x growth during the forecast period
North America to hold a lion’s share of 41.8% in global concealed weapon detection systems market
Terahertz body scanners to remain bullish as technological advancements remain unparalleled
Increased product selling prices, amongst established players, to be seen as markets try to recover from COVID-19 pandemic

Integration of High-Efficiency Sensing Solutions to Boost Adoption

Rising threats of terrorism targeted at public places for mass attacks have created an urgent need for modern, advanced concealed weapon detectors. Security screening combined with concealed weapon detection solutions are used to detect sly threats and contraband items without any physical interaction between security personnel and the person being screened.

Efficient security screening and weapon detection at high public throughput venues like courthouses, airports, museums, and prisons demands use of high efficiency sensing technologies. This demand for efficient concealed weapon detection is motivating companies to develop and integrate high speed sensors into security screening solutions.

Airports, railway stations, metro stations, national borders and tourist attractions, among other venues, are susceptible to illegal operations and terrorism, which can be tackled by incorporating autonomous and covert sensing resources. The integration of high quality, autonomous sensing equipment is expected to play a major role in propelling the growth of the global concealed weapon detection systems market during the forecast period.

Competition Landscape of Concealed Weapon Detection Market

Concealed weapon detection systems market players are striving to generate new revenue streams by deploying concealed weapon detection systems for new end users operating in market sectors that the company does not usually cater to.

For instance, in August 2019, Smiths Detection Group Ltd. deployed customized X-ray systems with integrated auto-detection software that autonomously detects weapons and explosives, among other contraband. The solution was deployed for a simulated emergency preparedness drill legislated by Land Transport Authority and constituting rail operators at the HarbourFront Station in Singapore.

Key market players are focusing on gaining technological expertise and enhancing their attractiveness in the concealed weapon detection market by acquiring and merging with other key participants in the global security screening technology market. This approach also enables the company to minimize competition on both regional as well as global levels.

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Concealed Weapon Detection Systems Industry Survey

Concealed Weapon Detection Systems Market by Product:

Millimeter Wave Body Scanners
- Active Millimeter Wave Body Scanners
- Passive Millimeter Wave Body Scanners
X-ray Body Scanners
- Backscatter X-ray Scanners
- Transmission X-ray Scanners
Terahertz Body Scanners
Metal Detectors

Concealed Weapon Detection Systems Market by Type:

Mobile Concealed Weapon Detection Systems
Stationary Concealed Weapon Detection Systems

Concealed Weapon Detection Systems Market by Application:

Transportation Infrastructure
Correctional Facilities
Stadium and Sports Arenas
Military and Defense
Theme Parks/Amusement Parks
Academic Institutions
Corporate Campuses
Others

Concealed Weapon Detection Systems Market by Region:

North America Concealed Weapon Detection Systems Market
Latin America Concealed Weapon Detection Systems Market
Europe Concealed Weapon Detection Systems Market
East Asia Concealed Weapon Detection Systems Market
South Asia & Pacific Concealed Weapon Detection Systems Market
Middle East & Africa Concealed Weapon Detection Systems Market

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Mobile Augmented Reality Market Revenue Growth To Be Driven By Increasing Demand Through 2022 And 2031: Future Market Insight

The Mobile Augmented Reality Market is expected to witness moderate growth, registering a 23.3% CAGR during the forecast period (2022-2031) and projected to reach US$ 4.4 Bn in 2022 and US$ 29.3 Bn by 2031.

Mobile Augmented Reality Market Size (2022)	US$ 4.4 Bn
Sales Forecast (2031)	US$ 29.3 Bn
Global Market Growth Rate (2022 to 2031)	23.3%
Share of Top 5 Market Players	60%

The credit for the unstoppable pace of the mobile augmented reality (AR) market significantly goes to the creative industry. Inclusive of video games, live events, retail, and video entertainment, this side of the business has definitely challenged mobile augmented technology, pushing it to deliver better solutions. Designed to create immersive experiences, mobile augmented reality has won a special place for game makers. The launch of sophisticated, intricately designed multiplayer games has truly utilized the real potential of solutions presented by this market.

The explosive growth of mobile augmented reality is completely attributable to unprecedented use of smartphones and tablets. From remote places to urban landscapes, mobile AR has made an enormous contribution in changing the way experience museums, office spaces, and games. Since innovations such as Google Glass, the world of mobile AR has evolved to be a part of many other sectors, changing the game for military trainings, healthcare consultations, and learning experiences.

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Key Takeaways of Mobile Augmented Reality Market Study

East Asia to lead the race in the global mobile augmented reality market at a CAGR of 27.2% between the forecast years of 2020 and 2030
Gaming segment anticipated to retain its leading position with a share of 28% by the end of 2030
Smartphones and tablets to revolutionize educational experiences with integration of mobile AR
Services segment to leap ahead at a CAGR of 24.6% during the forecast period as AR design and development, integration and development, and support services find applications across verticals

COVID-19 Proves Positive for Mobile Augmented Reality Market

The COVID-19 pandemic has deepened the chasm of economic crisis, making the global population rethink education and entertainment in many ways. With no live events to attend, cancelled sporting events, and uncertainty looming over reopening of colleges and schools, mobile augmented reality found its opening to a plethora of opportunities.

The importance of AR has also surged in healthcare consultations as medical professionals and patients are seeking safety first. Furthermore, a quantum leap in online gaming, schooling, and entertainment as artists are taking gigs online, have collectively resulted in a special demand for mobile AR. Biggest chunk is definitely consumed by the online gaming industry, which has been the strongest pillar of the entertainment during the stringent lockdowns.

According to FMI, the mobile augmented reality market will grow 6%-8% by Q3 2020 in the given circumstances.

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E-commerce to Enhance Demand for Mobile Augmented Reality

The growing e-commerce industry has been identified as key contributor to the increasing adoption of mobile augmented reality. Integration of mobile augmented reality by retailers to make it more accessible for customers to purchase the right item. Augmented reality helps users to view their products in 3-D, life-like projections in real-time through smartphones and tablets.

Mobile augmented reality offers retailers the opportunity to improve the consumer shopping with real-life experiences. With an augmented reality app, an e-commerce retailer can create a virtual table with a different range of products, projecting it on the customer’s living room. The growing number of purchases via mobile devices and shoppers using smartphones in-store is increasing the demand for mobile augmented reality.

Such enhancement of consumer engagement is projected to bode well of the market in the forecast period.

More Valuable Insights on Mobile Augmented Reality Market

Future Market Insights offers an unbiased analysis of the global mobile augmented reality market, providing historical data for 2015-2019 and forecast statistics from 2022-2031.

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Mobile Augmented Reality Industry Survey

Mobile Augmented Reality Market by Solution:

Mobile AR Software
- Mobile AR Application Platforms
- Mobile AR SDKs
Services
- Integration & Deployment
- AR Design & Development
- Support Services

Mobile Augmented Reality Market by Application:

Military
Education
Healthcare
Gaming
Media & Entertainment
Travel & Tourism
Others

Mobile Augmented Reality Market by Region:

North America Mobile Augmented Reality Market
Latin America Mobile Augmented Reality Market
Europe Mobile Augmented Reality Market
East Asia Mobile Augmented Reality Market
Middle East & Africa Mobile Augmented Reality Market

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