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A report on the global connected game console market has been recently published by Future Market Insights (FMI). The report, titled, “Connected Game Console Market: Global Industry Analysis and Opportunity Assessment 2015 – 2020,” anticipates the market to witness a vigorous growth trajectory over the coming years, on account of the rising popularity of real time and interactive gaming. The report authored by the market research company discusses the factors influencing the market, its constraints, and opportunities that the world market of connected game consoles is expected to face.

A computer game console is a gadget that yields a visual picture or a video signal to show a computer game. It is essentially a console machine principally intended for playing computer games as opposed to home PCs or arcade machines. Wii U, PlayStation 4, Leapt TV, Xbox One, Steam Machine and RetroN 5 are a few types of the leading consoles. The growing accessibility and prominence of multi-utility gaming console is the latest pattern rising in the market. A few advantages offered by the multi-utility consoles, for instance, empowering gamers for downloading recordings and videos, browse the web, tune in to music, and view videos all the while playing games, is relied upon to positively affect market development in the years to come.

Mechanical progressions and development in a few varying media gadgets have essentially surged interest for these consoles. The rising accessibility of top of the line sound frameworks and presentations give a rich and enhanced experience to clients. Likewise, HDTVs with HDMI ports and innate remote availability, which can support external hard disks is additionally anticipated that would offer a better consumer experience.

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Multi-utility highlights offered by the propelled game consoles, for instance, filling in as a gaming and in addition a stimulation console, may stimulate market demand. However, high costs related with such consoles may upset market growth. Rise of tablets and cellular phones as substitutes for gaming consoles is foreseen to fundamentally accelerate the industry development. Furthermore, moving consumer drift towards elective stages including web based games and versatile games may likewise pose a test to market rise in the following couple of years.

The worldwide connected console segment is sub divided into handheld and standalone connected consoles. Among these, home console commanded market in the year 2014. Interestingly, the handheld sub section represented more than 40% share of the worldwide connected console market segment in 2014. The market can be classified, on the basis of product type, into connected console and service. Out of these sections, connected console represented more than 30% of the worldwide connected game console market share in 2014.

The growth of the worldwide connected game console market is for the most part determined by rising expenditure on games, growing incomes, incrementing broadband penetration and developing innovation and technical advances. Additionally, the trend that takes after with the development of connected game console market are game on demand, virtual reality gaming and convergent entertainment systems.

Some of the significant players participating in the global connected game console market are NVIDIA Corporation, Nintendo Co. Ltd, Sony Corporation and Microsoft Corporation.

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Key Segments Covered

• By connected game console
  • Connected Console
    • Standalone Console
    • Handheld Console
  • Services
    • Prepaid Service
    • Other Direct Service

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.

A new research publication titled “Permeate Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” crafted by Future Market Insights unveils various market insights on the trends, developments, key players, growth drivers and restraints across key regions in the globe. An in-depth market segmentation is carried out that explores every angle of the global permeate market with which valuable insights are obtained.

The global market for permeates has been influenced by numerous aspects that have a direct impact on the growth of the global market. Factors such as increasing use of whey ingredients as supplementary food, rising demand for prebiotics pushing revenue generation in the permeate market, increasing use of dairy permeate as an alternative ingredient for sodium reduction, increasing concerns of dental health, removal of milk quotas across major European countries, rising demand as traditional sports drinks, increasing consumer awareness and changing preferences, higher demand for clean label products, increasing technological innovations, rising number of manufacturers involved in permeate production, increasing investments by big players, increase in the number of food manufacturers looking for ingredients with enhanced functionality and fast growing food companies boosting the demand for dairy ingredients are expected to support the growth of the global permeate market in the years to follow. Also, few factors such as unsafe handling, stringent government regulations with respect to food safety and increasing threats from substitutes are challenging the growth of the global market for permeates.

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Global Permeate Market: Segmental Highlights

The global permeate market is segmented by application (food and beverages industry and animal feed industry), by product type (whey permeate and milk permeate) and by region (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan and Middle East and Africa).

• By region, permeate market in the Asia Pacific excluding Japan (APEJ) region is expected to grow at a higher pace than in other regions. The Asia Pacific excluding Japan permeate market is poised to register a high CAGR of 4.9% throughout the period of forecast. North America permeate market is anticipated to dominate the global market by region in the coming years
• By application, the animal feed segment is the largest segment in terms of market value and is highly lucrative segment. In the years to follow this segment is expected to lead the global market with a market estimation of about US$ 796 Mn by the end of the forecast period
• By product type, whey permeate segment is anticipated to grow at a higher pace to register a CAGR of 4.6% during the period of forecast and is estimated to reach a valuation of more than US$ 900 Mn by the end of 2027

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Global Permeate Market: Key Forecasts

According to the research report on global permeate market, the global market is poised to grow at a moderate CAGR of 4.5% to reach a valuation of around US$ 1 Bn by the end of the assessment year from a value of about US$ 672 Mn in 2017.

Global Permeate Market: Competitive Landscape

The global permeate market research study has included key players such as Arla Foods Ingredients Group P/S (A subsidiary of Arla Foods), Arion Dairy Products B.V., VOLAC INTERNATIONAL LIMITED, Hoogwegt, Lactalis Ingredients (A Subsidiary of LACTALIS GROUP),   Van Lee Melkprodukten Barneveld BV, Armor Proteines S.A.S, Idaho Milk Products, Eurial G.I.E. (A Subsidiary of Agrial), Eurosérum (A Subsidiary of Groupe Sodiaal), Agropur Ingredients LLC. (A Subsidiary of Agropur Cooperative), SIA Baltic Dairy Board and Milk Specialties.

According to the Future Market Insights market report titled ‘Food Encapsulation Market: GCC Industry Analysis and Opportunity Assessment 2014-2020,’ the revenue generated from food encapsulation was valued at over US$ 3,252.2 Mn in 2014, which is projected to increase at a CAGR of 9.4% during the forecast period (2015–2020).

In the global food encapsulation market, companies across the globe are focusing on the research and development of new processing technologies, which is a key factor driving the demand for food encapsulation across various end-use industries. Moreover, companies are increasingly investing in prime focus areas such as encapsulation, nanotechnology and food chemistry and formulation. This can be attributed to the development of products catering to the increasing demand for infant nutrition products, nutritional and sports beverage products in the food industry, which is further diving the growth of the food encapsulation market.

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For instance, Sensory Effects, one of the key players in the food encapsulation market acquired by Balchem Corporation, is continuously inventing food encapsulation techniques to enhance the overall quality of food products by the controlled release of ingredients.

Also, functional food products are witnessing an increase in adoption among consumers of all age groups. Factors such as hectic schedule, increasing disposable income and increasing awareness about healthy food are driving the demand for functional food products across the globe. Since food encapsulation is a suitable technique that allows the controlled release of ingredients, companies are heavily investing in food encapsulation technology. This is resulting in the delivery of authentic and novel products, which comprise colorants, vitamins, phytochemicals and other ingredients in a single product. These factors are further expected to fuel the global food encapsulation market growth during the forecast period.

Globally, among all the regions in the food encapsulation market, North America is expected to register the highest value share during the forecast period. In the North America food encapsulation market, food ingredient companies as well as encapsulation technology providers are focusing on developing enhanced food encapsulation solutions to cater to the rising demand for increased flavor and shelf-stability of products.

For instance, Cargill Inc. offers food encapsulation and emulsion techniques to cater to the demand for sweeteners and proteins as ingredients in food products. This can be attributed to the anticipated increase in the demand for sweeteners over the next five to six years, particularly in the U.S. Cargill Inc. developed a technology to offer enhanced flavor stability in powdered form to foods and beverages, as compared to the liquid alternatives being used during the extraction process. This has enabled manufacturers to offer a long-lasting taste in final products.

Wrigley filled a patent to enhance the sweetness of sucralose in chewing gums, using encapsulated sweetener enhancers. The objective behind this was to ensure reduced costs.

Moreover, companies such as Balchem Corporation and Lipo Technologies developed enhanced encapsulation techniques to cater to the demand for enhanced smell and taste masking and enhanced sensorial and texture experience of products.

Geographical expansion and investment in research and development programs are the key trends in the food encapsulation market. This has further led to high competitiveness among food encapsulation ingredient manufacturers.

In 2013 for instance, FrieslandCampina Kevit, which specializes in spray-dried and encapsulated ingredients, announced the launch of its first Creamers production facility in China in cooperation with a Chinese partner. The objective of this development was to penetrate the Chinese food encapsulation market.

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Key Players in Food Encapsulation Market

Detailed profiles of companies are also included in the global food encapsulation market report to evaluate their strategies, key product offerings and recent developments. Some of the key players profiled in the  global food encapsulation market study includes TasteTech Ltd, Givaudan SA, Sensient Technologies Corporation, Balchem Corporation, International Flavors & Fragrances Inc., BASF SE, Symrise AG, Appvion, Inc., AVEKA Group, Firmenich International SA and Koninklijke DSM N.V.

The healthcare industry is consistently evolving, from the adoption of telemedicine to the use of robotic process automation (RPA) to enhance patient experience. According to a new study by Future Market Insights (FMI), with the advent of innovative technologies, patients can undergo enhanced treatment with the help of virtual reality, wearable devices, and other advances. These developments are expected to drive digital transformation in healthcare.

Augmented reality and virtual reality are innovative solutions that are revolutionizing the healthcare industry. From 2018 to 2023, the value of the healthcare-based AR and VR industry is expected to increase exponentially. Thus, there is significant untapped growth opportunities for the digital transformation in healthcare market.

Among various end users, hospitals & clinics are anticipated to account for the leading share in the digital transformation in healthcare market, backed by the rise in adoption of IoT which ensures better connectivity in the healthcare industry

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Key Takeaways: Digital transformation in Healthcare Market

• The global digital transformation in healthcare market is estimated to register a CAGR of over 14% during the forecast period of 2021-2031
• Presence of a sophisticated healthcare infrastructure supports expansion in the U.S., which accounts for over 80% of total demand in North America
• Investment in smart healthcare will push y-o-y growth in the U.K. at 14.4% in 2021
• Exponential growth is likely in Germany and France, especially due to the increasing spending on expansion of healthcare
• While China is expected to remain a leading market for digital transformation in healthcare within East Asia, Japan is likely to grow at a higher pace

“Enabling smart technology with a view to enhance organizational flexibility and mobility has accelerated digital transformation across professional settings. These technological advancements are generating an upswing in business models and value chains. To ensure healthy growth, companies must continue investing in digital transformation and integration and enhance revenue pools,” says FMI analyst.  

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COVID-19 Impact on Digital Transformation in Healthcare Market

COVID-19 is disrupting businesses and industries nationwide, and somewhat disproportionately healthcare. This dire situation ushered in a massive digital transformation of the healthcare industry to reduce operational costs, save time for treatments, and ultimately improve care quality. Healthcare advancement is considered as a phased evolution, the pandemic only accelerated the transformation and saw pioneering research in medical science.

For instance, telehealth software (or remote patient monitoring) became a norm in 2020 as it eliminated the need for physical human interactions. This became the most significant advantage during the COVID-19 crisis. Additionally, telehealth software offered healthcare professionals a wider geographical reach, especially where medical resources are limited.

Hence, the digital transformation in healthcare market is estimated to grow around 10% to 12% Y-o-Y from 2019 to 2021.

Rapid Adoption of Mobility Services and Healthcare Mobile Apps to Become a Key Trend

Healthcare organizations are increasingly inclined towards mobile-based communication and encouraging staff to bring their own device for work-related purposes, which in turn, reduces the cost associated with purchase of healthcare communication devices. This is expected to increase the demand for mobility services. In addition, healthcare mobility services enable healthcare service organizations to access patient data from anywhere and share their insights with patients in real time.

Healthcare organizations around the world are focused on providing custom-made healthcare apps for wearable fitness and medical devices. Such applications enable patients to access healthcare information via mobile and devices. This, in turn, is expected to fuel the market growth in the near future.

Who is Winning?

Companies operating in the market currently have their focus on introducing advanced technologies. With their intent on making healthcare smarter, digital transformation will continue to gain pace within the healthcare sector. Some of the leading companies operating in the market are IBM Corporation, CGI Group Inc., Accenture PLC, Deloitte LLP, and HCL Technologies among others.

More Valuable Insights on Digital Transformation in Healthcare Market

FMI’s report on the digital transformation in healthcare market is segmented into three major sections – solution (software – electronic health record (EHR) software, connected medical billing, healthcare information system (HIS), healthcare CRM software, healthcare ERP software, healthcare collaboration tools, telehealth software, and others, and service – digital transformation consulting, digital transformation technology implementation & integration, support & maintenance, and others), end user (hospitals & clinics, pharma companies, life science & biotech companies, healthcare insurance providers, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the digital transformation in healthcare 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.

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.