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Future Market Insights (FMI) in its research report, titled, “Mobile Payment Transaction Services Market: Global Industry Analysis and Opportunity Assessment 2014-2020” projects the mobile payment transaction services market to expand at a CAGR of 39.1% during the period 2014-2020.

According to FMI, proliferation of mobile devices and increasing adoption of mobile money services across financial institutions and other vendors are the key factors driving the mobile payment transaction services market. Merchants and vendors around the world are upgrading their POS systems to facilitate mobile payment, and FMI expects this trend to continue during the forecast period.

Key factors that can impede the growth of the mobile payment transaction services market include issues with data security and privacy, and limited awareness among consumers. FMI estimates these factors to have a moderate impact on the mobile payment transaction services market growth.

On the basis of key applications, FMI has segmented the mobile payment transaction services market into money transfer, merchandise purchase, airtime top-ups, bill payment, ticketing, and ‘others’.

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In terms of market value, money transfer segment accounted for 51.1% share of the mobile payment transaction market in 2014. However, the segment is expected to lose 780 BPS  by the end of 2020. In contrast, merchandise purchase segment is anticipated to gain traction during the forecast period, accounting for 49.9% share of the overall market revenue by 2020.

Airtime top-ups, bill payment, ticketing, and ‘others’ segments collectively accounted for 8.3% share of the mobile payment transaction services market revenue; FMI estimates it to drop to 6.9% by the end of forecast period.

The global mobile payment transaction volume is anticipated to reach 106 Bn by 2020. In terms of volume, merchandise purchase segment is anticipated to account for 39.8% share of the market, witnessing increase of 670 BPS.

Use of mobile payment services for money transfer is expected to witness a decline of 430 BPS in its market share by the end of forecast period. Furthermore, airtime top-ups segment is also anticipated to lose 480 BPS and account for 19.2% share of the market volume by 2020.

Africa and Asia Pacific are the two most lucrative regions for mobile payment transaction services market. In terms of value, these two regions collectively accounted for nearly 58% share of the global market in 2014. FMI forecasts that these two regions will continue to dominate the global market during the forecast period.

A key development in the global mobile payment transaction services market is that Asia Pacific will outpace Africa to become the largest market. FMI estimates Asia Pacific mobile payment transaction services market to account for 27% of the global mobile payment transaction service market revenue by 2020.

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Among all the regions, North America is poised to witness the significant growth. North America held a 22.8% value share of the global market in 2014, and it is anticipated that by 2020, it will increase to 24.9%.

In terms of transaction volume, Asia Pacific and Africa will continue to remain lucrative, however, strong growth in North America and Western Europe is anticipated to eat into their market share. On the other hand, the collective market share of Latin America, Middle East, and Eastern Europe is projected to reach 10.4% by 2020.

The key companies profiled in FMI’s research report include PayPal, Visa, MasterCard, and Google Wallet. These companies are tying up with leading vendors to consolidate their position in this rapidly expanding market.

Key Segments

By Technology

• SMS Mobile Payment Transactions
• WAP/ WEB
• USSD
• NFC

By Purpose

• Merchandise Purchase
• Money Transfer
• Bill Payment
• Ticketing
• Other Purpose

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

According to Future Market Insights’ new market research report, “Smart Camera Market: Global Industry Analysis and Opportunity Assessment 2015 – 2020”, the global smart camera market is anticipated to witness a stellar compound annual growth rate (CAGR) of 23.84% through 2020, and reach a valuation of US$ 9,829.1 Mn; the global smart camera market was valued at US$ 2,469 Mn in 2014. In terms of volume, the smart camera market is anticipated to expand at a CAGR of 23.84% through 2020 and reach 85.47 Mn units by 2020.

The global smart camera market is also propelled by technological advancements in smart camera technology. Innovation in CMOS image sensors, embedded system designs, smart lenses, and chip manufacturing has expanded the scope of smart camera applications.

FMI’s analysis found that the projected growth in the electronics and semiconductor industry will create new opportunities for smart camera market. Price reduction in PC-based smart camera and government focus on strengthening the surveillance and security system is also anticipated to provide an impetus to the smart camera market during the forecast period.

Lack of standardisation is a key challenge for the widespread adoption of smart cameras. Regulations regarding limited use of smart cameras for surveillance at public places is another factor that can restrain the growth of the market. Furthermore, the use of smart cameras in developing countries is limited to surveillance, security, and transportation sectors, and this can create challenges for market expansion during the forecast period.

Browse Full: “Smart Camera Market: Global Industry Analysis and Opportunity Assessment 2015 – 2020” Market Research Report at https://www.futuremarketinsights.com/reports/details/smart-camera-market

Smart camera incorporates a host of components, including image sensor, memory, processor, communication interface, lens, and display. Among these, lens and processors accounted for 48% of the smart camera market share in 2014, and this is anticipated to amplify to 50% by 2020. FMI estimates that these two segments will expand at CAGRs of over 20% during the forecast period.

Evolution of user-friendly technologies is anticipated to boost the demand for smart cameras among consumers. The consumer segment was worth US$ 649 Mn in 2014 and FMI estimates that it will witness a CAGR of over 18% through 2020. Increased demand for smart cameras from transportation and automotive industry is anticipated to provide growth opportunities, with this segment anticipated to witness a CAGR of 24.5% through 2020. Other key application segments of smart cameras, including healthcare & pharmaceutical, food & beverages, military & defence, commercial area, and ‘others’ are also anticipated to witness a healthy growth rate through 2020.

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Asia Pacific is the most lucrative market for global smart camera market. Product innovation by manufacturers in China, India, Taiwan, Korea, and Singapore is fuelling the growth of smart camera market in the region. FMI estimates that the Asia Pacific smart camera market will witness a CAGR of 21.7% during the forecast period. Other key regions for smart camera market include North America, Western Europe, and Japan. Smart camera market in Latin America is at a nascent stage, however, FMI estimates that it will witness the fastest CAGR of 31.7%.

Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players in the smart camera market. Samsung Electronics Co., Ltd., Canon Inc., Nikon Corporation, Sony Corporation and Panasonic Corporation, Olympus Corporation, Polaroid Corporation, Microscan Systems, Inc., Vision Components GmbH, Matrox Imaging, and XIMEA GmbHare focusing on developing innovative products to consolidate their position in the market.

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Increasing developments in the production of tablet devices, coupled with the steadfast penetration of hand-held electronics has been driving the growth of the global tablets market for the recent past. An exclusive forecast study by Future Market Insights reveals that the global demand for tablets will surge extensively in the upcoming years. In this report that assesses the forecast on the global tablets market for the period 2016-2026, the sales of tablets across the globe are estimated to rake in over US$ 600 Bn by the end of 2026. The study projects that during this period, the global tablets market will expand vigorously at a CAGR of 9.1%.

Key Trends in Global Tablets Market

Factors influencing the global tablets market expansion for the forecast period, have been analyzed in the report. From growth drivers, manufacturing restraints to industry trends and untapped opportunities, a range of causative factors have been studied in this report. Some of the key trends influencing the global tablets market’s growth include:

• Increasing use of water-resistance technology in production of electronics
• Rising technological compatibility to 4G LTE networks
• Manufacturers focus on delivery highly-functional tablets
• Consumers demanding human-centric functions and gesture recognition
• Multi-core processing uptake with longer battery lives to influence manufacturing of tablets
• Improvements in acoustic performance of table devices

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In addition, the report also observes that preference to large screen entertainment and use of elemental technologies such as dust-proofing will have a determinative influence on the dynamics of the global tablets market in the years to come.

Regional Insights: China to Remain in Spotlight

According to the regional analysis provided in the report, the global market for tablets will witness a concentered expansion in the Asia-Pacific region. APAC countries such as China and India will be observed as the manufacturing hubs for tablets in the global market. China, in particular is expected to account for the largest share in the APAC tablets market. In 2016, it has been estimated that over one-fourth share of global tablets market value has been procured from the APAC region alone. While the demand for tablets will be relatively high in US and other parts of North America, the APAC region is most likely to be at the forefront of global tablets market expansion. The demand for tablets in Europe is also anticipated to witness steady growth through 2026.

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Vendor Prospects and Analysis

The report has segmented the global tablets market on the basis of type of product, operating system, end-use and screen size. In terms of product-type, the demand for slate tablets will witness a decline, while sales of detachable tablets will register a volume CAGR of 10.8%. While Android will be the predominant operating system used in production of tablets, rising sales of Apple gadgets will propel the revenue share of iOS as well. The report also reveals that over 227 million units of tablets with less than 8-inch screen size were sold across the globe in 2016. Consumer end-use of tablets will remain relatively high as commercial applications will struggle to gain traction due to technological limitations.

Some of the leading players in the global tablets market have been profiled in the report. Apple Inc., Samsung Electronics Co. Ltd., Lenovo Group Limited, Huawei Technologies Co. Ltd., Acer Inc., Micromax, Xiaomi, and Asustek are globally recognized as leaders in tablets manufacturing. Their presence in the global expansion of the tablets market is expected to remain consistently active. Several manufacturers of tablet devices are expected to invest in R&D on developing tablets with new and improved functions.

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Some of the prominent players operating in the market are SAP SE, SAS Institute Inc., Logi Analytics, Inc., TIBCO Software, Inc., Alteryx Inc., MicroStrategy, Inc., Microsoft Corporation, Qlik Technologies, Inc., and Tableaue Software, Inc., notes Future Market Insights (FMI). A number of these players are focusing on big data applications emerging from various end-use industries, notably healthcare to consolidate their shares. They are exploring prospects in the development of social media tools and software. Several companies in the market are substantially investment in research and development aimed at wearable technologies based on social business intelligence to gain a competitive edge over others.

The various end-use verticals for the social business intelligence market are BFSI, healthcare and life sciences, consumer goods and retail, travel and tourism, IT and telecommunication, media and entertainment, and government. Of these, the BFSI sector is the leading segment as it held a major market share of 20.2% of all the verticals in 2016. The segment is anticipated to retain its dominance throughout the assessment period. However, the travel and tourism segment is anticipated to rise at higher year-over-year growth from 2017 to 2026.

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Rising Ubiquity of Social Media to Bolster Demand

The growing demand for big data analytics tools for the analysis of social media, coupled with the rising ubiquity of social networks world over, is a key factor driving the market. The pressing need for next-generation analytical data generation technologies and management systems across modern enterprises is a primary factor driving the market in various regions. The robustly rising popularity of social media among product and customer service teams, largely on account of benefits that percolate beyond marketing and promotion, is a key trend accentuating the market. The growing demand for various big data tools such as Hadoop in managing vast sets of unstructured data emanating from online and social media sites and CRM conversations is a notable trend catalyzing the demand for social business intelligence tools. This is motivated by the intensifying needs to garner data-driven insights into customer taste and preference across enterprises.

The pressing need for gaining customer insights in real-time for accelerating time-to-market is a key aspect of a fast-growing modern enterprise, necessitating the demand for social business intelligence tools. The rising adoption of cloud-based technologies and services will expectedly create exciting opportunities for market players in the coming years.

Data Security Major Concerns, Advanced Enterprise Data Operating Systems to Open up Exciting Avenues

The concern of privacy of data and their enterprise security are key factors likely to hamper the demand for social business intelligence to an extent. Nevertheless, the marked shift of enterprises workloads from on-premise to cloud is expected to allay these mounting concerns, thereby bolstering the demand for social business intelligence. In addition, the advent of advanced enterprise data operating systems has led players overcome the constraints associated with traditional database systems, notably SQL servers.

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The growing popularity of Hadoop for building large-scale database has enabled enterprises manage large operational requirements. This is a welcome trend in the global social business intelligence market. Furthermore, the introduction of YARN and MapReduce has substantially expanded the capabilities of Hadoop, thereby creating lucrative avenues for market players.

The study presented here is based on a report by Future Market Insights (FMI) titled, “Social Business Intelligence Market: Global Industry Analysis and Opportunity Assessment, 2016–2026.”

The global social business intelligence market is segmented based on:

• Deployment Type
  • On-Premise
  • Cloud-Based
• Size Of Enterprise
  • Small Enterprise
  • Medium Enterprise
  • Large Enterprise
• Vertical
  • BFSI
  • Healthcare & Life Sciences
  • Consumer Goods & Retail
  • Travel & Tourism
  • IT & Telecommunication
  • Media & Entertainment
  • Government
  • Others
• Region
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Western Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Rest of Western Europe
  • Eastern Europe
    • Poland
    • Russia
    • Rest of Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
    • China
    • ASEAN
    • India
    • New Zealand & Australia
    • Rest of APEJ
  • Japan
  • Middle East and Africa (MEA)
    • GCC
    • Turkey
    • South Africa
    • North Africa
    • Rest of MEA

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

The approximately US$ 7.5 billion HVDC transmission systems market is anticipated to observe strong growth in the revenue in 2019 and ahead. FMI has conducted structured market research on the global HVDC transmission systems market. The report, titled ‘HVDC Transmission Systems Market Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028,’ evaluates the market and projects a promising growth outlook for the market in the course of coming years.

Increasing demand for HVDC transmission systems in offshore wind projects is expected to contribute to the growth of the HVDC transmission systems market over the forecast period. Moreover, the expenditure incurred by the total direct current transmission line over long distances is considerably lower than the alternating current transmission line installed over the same distance. Growing demand for HVDC transmission systems for long-distance transmission is thus expected to fuel the growth of the HVDC transmission systems market in the coming years.

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Expensive Installation Remains Longstanding Factor Limiting Rapid Growth of HVDC Transmission Systems Market

On the flip side, HVDC transmission systems require the installation of various components, such as converters, smoothing reactors, and harmonic filters, to reduce or absorb the harmonics that are produced during the transmission process. These components, which are costly, add to the already high cost of installation. High installation cost of HVDC transmission systems is thus estimated to be a prime factor hampering the growth of the market over the forecast period. Moreover, HVDC transmission systems require expensive conversion stations and spare parts for maintenance, which is also expected to challenge the growth of the global HVDC transmission systems market during the forecast period.

North America & APEJ to Remain Key Markets for HVDC Transmission Systems Manufacturers

An in-depth analysis of the market suggests that the overall size of the global HVDC transmission systems market will grow at a substantial rate during the forecast period. Several optimistic variations are likely to contribute to the growth of the HVDC transmission systems market.

By region, North America is estimated to dominate the global HVDC transmission systems market throughout the forecast period. North America, followed by Asia Pacific excluding Japan (APEJ), is estimated to remain among the dominant regions. APEJ, followed by Japan, is expected to expand at a high CAGR over the forecast period.

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By system component, the solution segment is estimated to dominate the HVDC transmission systems market with a value of US$ 5,278.8 Mn in 2018. Among the solution segments, the AC & DC harmonic filters segment is expected to create an incremental $ opportunity worth US$ 674.6 Mn during the forecast period. However, the services segment is estimated to expand at a significant CAGR in the global HVDC transmission systems market over the forecast period.

By technology, the Voltage Source Converters (VSC) segment is expected to hold a dominant value share in the global HVDC transmission systems market. The segment is projected to expand with a high CAGR owing to the increasing applications of VSCs in wind farm grids for underground power transmission.

By deployment, subsea & underground cables are gaining popularity as these cables transmit lower losses than overhead cables. In value terms, the subsea segment is projected to create an incremental $ opportunity worth US$ 3,068.8 Mn in the global HVDC transmission systems market over the forecast period.

Global HVDC Transmission Systems Market: Competitive Landscape

Some of the key players involved in the manufacturing of HVDC transmission systems, which are included in this study, are ABB Ltd., Toshiba Corporation, Siemens AG, General Electric, Mitsubishi Electric Corporation, Prysmian SpA, Abengoa S.A., TransGrid Solutions Inc., ATCO Ltd., and LS Industrial Systems Co., Ltd.

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Future Market Insights (FMI) has stated that the global event management software market is expected to rise steadily at a CAGR of 14.1% during the forecast period of 2021 to 2031. Event data is indispensable for event organizers since it helps them monitor social media engagement, attendance, and measure the overall success of any event.

The participants can connect on the application, and can schedule appointments among each other, sponsors and exhibitors. Provision of dedicated networking and connectivity to encourage attendees to meet virtually is boosting market growth. By incorporating registration data and links, virtual event hosts and operators can enable event attendees set up group chats and interact virtually with deployment of network for chat groups, video calls, and other appointments.

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Owing to these factors, the event management software market is anticipated to grow at a significant rate during the forecast period. The large enterprises segment is holding a major share, around 59% of global event management software market in 2021, however, SMEs would show lucrative growth, during the forecast period

Key Takeaways of Event Management Software Market Study

• The cloud based deployment to grow 4.0x of the current market value by the end of 2031
• Increasing penetration of IoT and real-time analytics will drive growth in U.S., enabling it to account for a little below 65% of North America market in 2021
• Double-digit y-o-y growth at over 10% will seal U.K.’s position as a lucrative market within Europe
• Increasing number of events organized in Germany and France, will drive Europe event management software market
• Within East Asia, Japan and South Korea are expected to emerge as strong markets, exhibiting double-digit growth

“Online streaming is gaining traction as event organizers are using live streaming to deliver quality hybrid events and for increasing brand awareness and messaging. Live streaming helps in boosting the interaction between organizations and their clients. It creates new business opportunities as the content of event is accessible to worldwide audience. Online streaming is creating opportunities for organization also by their increasing brand awareness.” says an FMI analyst.

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COVID-19 Paved Way for Growth

The health concerns are increasing around the world and causing significant business impact due to the on-going COVID-19 pandemic – particularly when it comes to delivering events. Since the onset of the epidemic, most events were either cancelled off or postponed. Major conferences such as Mobile World Congress and the HIMSS Global Healthcare Conference & Exhibition are even getting canceled due to the pandemic situations.

With the increasing number of cancellations for in-person events, businesses and corporate organizations are in need of a compelling alternative and an outstanding virtual event experience can be just that. COVID-19 has brought a single positive trend in the events industry that is the adoption of event management software as a viable alternative to in-person events.

All the educational institutes, entertainment firms and corporate enterprises are now going virtual, which is providing immense traction to the market. This adoption will help all the organizations and event planners to prevent event cancellation, thereby minimizing their revenue loss. Owing to such factors the market is anticipated to gain back its momentum by end of Q4 2021.

Rising Demand for Mobile Event Management Applications

The usage of applications is increasing at a tremendous rate with each day passing, and various apps are being considered crucial for most businesses. The event apps are making things quicker, easier and more interactive to the event industry. The increase in the engagement of interactive mobile event applications has been emerging as one of the biggest event trends. Thus users are demanding more event applications offering better quality and services.

More Valuable Insights on Event Management Software Market

In its latest report, Future Market Insights offers an unbiased analysis of the global event management software market, providing historical data for period of 2016-2020 and forecast statistics for the period of 2021-2031. To understand opportunities in the event management software market, the market is segmented on the basis of solution (Software (Integrated Event Management Software, Standalone Software (Venue Management Software, Event Marketing Software, Event Booking & Registration Software, Others)), Services (Managed Services, Professional Services (Event Planning & Consulting, Integration and Implementation, Support & Maintenance))), deployment (cloud, on-premise), enterprise size (large enterprises, small and medium enterprises), end-user (Event Management Companies, Travel & Hospitality Companies, Corporates, Government, Academic Institution, Others) across six major regions.

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

The global Apple accessories market is expected to grow at 4.8% CAGR over the forecast period, 2016-2020. Demand is expected to remain strong in China, where rapid adoption of smartphones, combined with an increasing preference towards the ‘Apple’ brand is pushing sales. The market in China is expected to grow at 8.5% CAGR through the forecast period. Globally, the demand for Apple accessories is expected to be positively influenced by the growing BYOD trend.

Apple accessories sales in Asia will be driven by rising popularity of e-commerce websites and apps. As is the case in Asia, steady e-commerce sales are driving Apple accessories sales in Brazil and Russia. These factors will contribute to the overall growth of the global market.

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Future Market Insights identifies that undefined standards in terms of components and technology have led to price and product differentiation. Moreover, widespread availability of counterfeit and pirated products offered at a fraction of the original price in various developing countries can significantly inhibit demand for Apple accessories.

The Future Market Insights report reveals that iPhone screen guards will continue to be the most-sought after accessory among consumers. iPad cases and iPad screen guards are expected to remain the other lucrative product types. Collectively, these three product segments accounted for over 50% revenue share of the global market in 2016, and the status quo will remain unchanged throughout the forecast period. Among these product types, iPad cases segment will only witness an increase in its revenue share by 2020.

North America will continue to be the most lucrative market, with the US leading total sales. The North America Apple accessories market was valued at US$ 1.93 Bn in 2016, with the US accounting for US$ 1.38 Bn in revenues. Future Market Insights projects the North America market revenues to increase at a CAGR of 4% CAGR through 2020. The report further reveals that the Apple accessories market in Europe is predicted to register a CAGR of 4.0% in the span of next four years. However, the Apple accessories market in South East Asia is expected to witness relatively sluggish growth by the end of 2020.

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3M, Bose Corporation, Western Digital Corporation (SanDisk), Logitech, Otter Products, LLC., Decoded, Adobe, Bang & Olufsen, Incase and ACCO (Kensington Computer Products Group) are the key manufacturers operating in the Apple accessories market globally.

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

History of mobile applications comprises key milestones such as origin & prediction of the “mobile application” concept, the home screen era, services for mobile application, and information application approach. Inclination of urban population towards smartphones and mobile apps is greater than rural population. Moreover urban population is increasing rapidly which in turn is driving the global mobile applications market. The introduction to 4G and the rise in demand for 4G devices. Moreover internet penetration is growing in rural areas at a faster rate. This has necessitated increase in production of smartphones with cost reduction which is adding to the growth of global mobile applications market.

Growing mobile ad industry, expanding e-Commerce, soaring smartphone market and growing adoption of Long Term Evolution (LTE) devices are some of the factors fuelling the growth of mobile applications market across the globe. The LTE devices, in particular, are anticipated to witness stellar growth in adoption owing to increasing demand for high speed data connectivity and growing mobile data traffic.

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According to a study by Future Market Insights (FMI) titled, “Mobile Application Market: Global Industry Analysis and Opportunity Assessment, 2016 to 2026”, the global market for mobile applications in 2016 was valued at US $38,589.1Mn and is projected to register an impressive 9.6% CAGR during the forecast period, 2016 to 2026, to obtain a market value of US $96,128.2 million by 2026 end. The report enlists leading market players of mobile applications such as Google Inc., Microsoft and Apple Inc., among which Google Inc. stood dominant and held the highest share in the global mobile applications market in 2016. Other prominent companies include Cognizant, CA, SAP SE, HP, Samsung Electronics Co, Ltd., China Mobile Ltd., Opera Software and Others.

According to FMI’s report, the Google Play is estimated to register highest CAGR during the forecast period whereas the Apple App Store is expected to garner revenues worth more than US $45,000 million by 2026 end, based on store type. More than 44% revenue share of the global mobile applications market is expected to be accounted by games segment, based on end-use. However, travel industry is expected to witness fastest growth at 11% CAGR over the forecast period.

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APEJ is estimated to exhibit the fastest CAGR in the overall market accounting for more than US $41,800 million during the forecast period, followed by Eastern Europe and Latin America. However, North America and Western Europe are also expected to remain lucrative in terms of revenue share until the end of 2026. North America and Western Europe are poised to generate revenue worth US $14,979.4 Mn and US $15,597 Mn respectively by the end of 2026 in the global mobile application market.

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Evolution of the gaming industry has been fuelling the demand for state-of-the-art technologies. Users are looking for more immersive experience, which has led to the advent of head mounted displays. According to a study by Future Market Insights (FMI), the head mounted displays market will surpass US$ 10.47 Bn in 2021. The rising demand from aerospace & defense and other industries besides the gaming sector will continue creating lucrative opportunities for growth.

Head mounted displays are oftenused in militarytraining application for the purpose of creating asynthetic training environment (STE). STE is augmented reality (AR) system which creates the military training trough immersive way. It helps to improve the drills of soldiers like snow-capped mountains and deserts, navigation, deep forests and teamwork.

HMDs integrated with AR/VR technologyare used in training & simulations for the purpose of warfare simulations, battlefield visualizations, tactical augmented reality, digital twins, spatial orientation, situational awareness, weapons targeting, digital terrain, and many more.

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Thanks to evolving technology, head mounted displays are making inroads into the healthcare and education sectors. The pace at which the change is happening has accelerated amid COVID-19 outbreak when several schools and institutions around the world were compelled to retreat indoors for a couple of months to contain the spread of the virus.

Sales of both head mounted displays and eyewear surged exponentially amid lockdown and the trend is unlikely to slow down in the near future. According to the report, head mounted displays accounted for maximumsales in the market. The head-mounted segment is estimated to register a CAGR of 24.8% during the forecast period owing to increasing need for fast and reliable evolution between gaming sectors, aerospace, defense and healthcare industry

Key Takeaways: Head-Mounted Display Market

• .Driven by the rising demand for evolving technology, the head mounted displays market will register over 16% y-o-y growth in 2021
• The U.S. will emerge as the leading market in North America, accounting for over 79% of sales
• Demand in the U.K. will rise considerably, enabling y-o-y growth at above 13% in 2021
• Inclination for advanced technologies and expansion of gaming sector will support growth in Germany and France
• East Asia will emerge as a highly lucrative market with China at the forefront, followed by Japan and South Korea

For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-73

“In response to the rising demand forhead-mounted display, HMD vendors are making numerous updates into their pre-existingmodels in order to offer greater immersive experience to users and ensure maximum productivity”says FMI Analyst.

COVID-19 Impact Analysis on head mounted display Market

The effects of the COVID-19 outbreak will extend well beyond health and the threat to human lives. There are already signs that the virus will significantly impact head-mounted displays and AR/VR industry. The epidemic has postponed or cancelled various sporting events for the safety of people and prevention of the COVID-19.

On the flip side,it could positively affectthe demand for VR/AR HMDs in the healthcare sector. Amid the pandemic, various global vendorshave continued to focus on developing and innovating in AR/VR technologiesby launching advanced products like smart glasses, such as by Google and Microsoft.

In COVID 19 pandemic most of the countries went for lockdown. The people got stuck at home for certain period of time and all the sporting events were postponed or cancelled for the same reason. People found AR/VR gaming more entertaining and attractive, as they remained confined at their homes.Thus, the continued innovation in head-mounted displays in AR/VR technologies has resulted in significant growth in the market.

Increasing Demand inHealthcare SectorDriving Growth

HMDs are being used in the healthcare industry for the purpose of medical training, patient treatment, medical marketing, disease awareness.

Using VR headsets, doctors can see the fine details of any part of body in 360° CGI reconstruction & create training scenarios accordingly. VR headsets enable doctors to access the inside view of the body, which is difficult to reach.

According to eInfochips, AR and VR industry will further reachUS$35 billion by 2025, due to its adoption in gaming, education, fashion, healthcare, and entertainment industries.

In healthcare industry the HMDs applications are used for providing surgery training, dentistry simulation, treatment of depression and Post-Traumatic Stress Disorder (PSTD), pain management, addictions, telemedicine, rehabilitation in stroke and in dementia and many more.

With the help of AR/VR headset technology, doctors can able to perform surgeries without getting inside a body of human. The technology increases the level of accuracy and reduce the risk of trauma and complications. VR has major effects on anxiety and PTSD patients. The use of VR headsets helps decreasing the stress level of the patients by giving them the experience of virtual reality.

Head-Mounted Display Market Report Scope

Attribute	Details
Forecast Period	2021-2031
Historical Data Available for	2016-2020
Market Analysis	US$ Mn for Value & Units for Volume
Key Regions Covered	North America, Latin America,Europe, East Asia, South Asia & Pacific, and Middle East & Africa
Key Countries Covered	U.S., Canada, Germany, Italy, France, U.K., Spain, GCC and South Africa
Key Segments Covered	Product Type,HMD Type,Applications, and Region
Key Companies Profiled	Microsoft Corporation Google Samsung BAE Systems Elbit Systems Huawei Technologies HTC Corporation Sony Corporation LG Electronics Thales Visionix, Inc. Xiaomi Avegant Corp.
Customization & Pricing	Available upon Request

More Valuable Insights on Head Mounted DisplayMarket

FMI’s report on the head mounted displaymarketis segmented into four major sections such asproducttype (head mounted and eyewear),HMD type (Discrete HMD, Integrated HMD, and Slide-on HMD), application (gaming, media, & entertainment, aerospace, and defense, healthcare and medical devices, engineering & industry applications, education, 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 head mounted displaymarket.

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.