Market Research Blog – Page 15473 – New Product Development

Tablet Market is expected to grow at a 9.1% CAGR through 2026, according to a recent analysis

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%.

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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

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.

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Key Segment

By Product Type

Detachable Tablet
Slate Tablet

By End-Use

Consumer
Commercial

By Operating System

Android
iOS
Windows

By Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excl. Japan (APEJ)
Japan
Middle East and Africa (MEA)

CMOS Power Amplifier Market is estimated to surpass US$ 4,714 Million by 2026-end

Expanding application base of the Internet of Things (IoT) is translating into rapid technological advancement and miniaturisation of devices that entails stronger connection peripherals. This, in turn, is resulting in higher demand for CMOS power amplifier. Future Market Insights has recently conducted an analytical study on the global CMOS power amplifier market that projects a stout growth in terms of revenue between 2016 and 2026. The arrival of superior wireless communication networks and extended benefits of CMOS technology is expected to provide an impetus to the overall development of the market.

Network challenges introduced by news wireless standards is an additional factor expected to sustain the demand for CMOS power amplifier over the next couple of years. The US$ 1,017.9 Million CMOS power amplifier market is estimated to surpass US$ 4,714 Million by 2026-end, riding on a CAGR of 16.6% during the forecast period. Robust usage of CMOS power amplifier in GSM/EDGE, LTE, CDMA 2000, and other wireless communication technology is anticipated to create lucrative market opportunities for leading manufacturers and suppliers of CMOS power amplifiers.

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Market Restraints

Future Market Insights’ report titled “CMOS Power Amplifier Market: Global Industry Analysis and Opportunity Assessment, 2016–2026” also reveals that technical complexities in CMOS power amplifier design may dampen the surging spirit of the market to a certain extent during the assessment period. Moreover, the inherently poor linearity of CMOS power amplifiers can often lead to distortion, thus, limiting its application to low-PAR (peak-to-average ratio) modulation systems.

Usage of CMOS Power Amplifier in LTE Technology to Grow Higher

Based on modules, GSM/EDGE segment commanded nearly 31% revenue share of the market in 2015. However, swift adoption and rapid development of 4G and 5G wireless communication are leading towards higher consumption of CMOS power amplifier in LTE technology. In addition, the LTE module segment is anticipated to expand at the fastest CAGR of 20.2% over the assessment period. Manufacturers are focussing on developing high-performance CMOS power amplifier in order to meet the growing need for wider bandwidth and faster data speeds.

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Application of CMOS Power Amplifier in Smartphones to Remain Dominant

In 2015, the smartphone segment registered the largest market share, reaching a market valuation of US$ 423.4 Million. The segment is expected to hold its top position throughout the forecast period, expanding at 17.9% CAGR over 2026.

Global CMOS Power Amplifier Market: Regional Outlook

Future Market Insights’ report delivers key insights and offers analysis on the potential of the CMOS power amplifier market through a regional overview. In 2015, Asia Pacific excluding Japan (APEJ) commanded a dominant share of the market attributed to the healthy existence of consumer electronics manufacturers across the region. The market in Asia Pacific is projected to remain dominant and expand at a staggering 19.4% CAGR over the forecast period.

Competitive Dashboard

Key stakeholders in the global market for CMOS power amplifier include Skyworks Solutions, Inc., Toshiba Corporation, Broadcom Ltd., ACCO Semiconductor, Inc., DSP Group, Qorvo, Inc., Qualcomm Technologies, Inc., Texas Instruments Inc., and Murata Manufacturing Co., Ltd. Most of these companies are concentrating on further product innovation to increase their market presence at a global level. For instance, in October 2015, ACCO Semiconductor Inc., a leading provider of fabless semiconductors headquartered in the U.S. launched a range of CMOS power amplifier technologies designed to support quad-band GSM/EDGE and 12-band 3G/LTE smartphones as well as Internet of Things applications.

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Market Segmentation

By Module

GSM/EDGE
UMTS
LTE
CDMA 2000
TD-SCDMA
FOMA/Others

By Application

Smartphone
Feature Phone
Connected Tablet
Others

CDMA 2000 segment is anticipated to create significantly higher incremental opportunity between 2016 and 2026

Future Market Insights forecasts revenue from the CDMA 2000 segment in the global CMOS power amplifier market to be valued at nearly US$ 500 Mn by 2026 from about US$ 100 Mn in 2016
Revenue from the CDMA 2000 segment is expected to register a CAGR of 16.2% during the assessment period
The CDMA 2000 segment is projected to create incremental dollar opportunity of nearly US$ 400 Mn between 2016 and 2026

B2B Telecommunication Market is expected to reach US$ 100 Bn, with a CAGR of 13.6% over the forecast period 2016 – 2026

Businesses across several industrial verticals are actively adopting IT-as-a-service (ITaaS) models for improving their operations. With the soaring demand for ITaaS operational models, the scope for incorporating B2B telecommunications is also extending substantially among varied businesses and enterprises. A recent research conducted by Future Market Insights projects that the global demand for B2B telecommunication will be largely emanating from the BFSI sector and media & entertainment industry.

According to Future Market Insights’ report, the global revenues from B2B telecommunication surpassed an estimated US$ 30 billion in 2016. By the end of 2026, the global B2B telecommunication market is projected to be valued at US$ 107.47 billion, registering expansion at a 13.6% CAGR. More than one-fourth of the global B2B telecommunication revenues throughout the forecast period will be accounted by the BFSI industrial vertical, which will amount to more than US$ 27 billion by the end of 2026. Government and administrative bodies, and healthcare organisations such as hospitals and medical research institutes will also considered lucrative industrial verticals for B2B telecommunication, procuring a combined global market value share of nearly 30% by the end of forecast period. Growth in B2B telecommunication revenues from the media & entertainment industry is predicted to be at a faster pace – with a CAGR of 14.7%.

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Unified B2B Telecommunication Services Gaining Traction

Businesses availing B2B telecommunication services are able to select suitable types of solutions, on the basis of facilities provided. While cloud-based B2B telecommunication services currently account for half of the global market revenues, their revenue share is expected to drop over the period of next ten years. Increasing adoption of unified communication and collaboration solutions is predicted to partly instrument the dip in cloud services’ global market contribution. By 2026, nearly US$ 25 billion revenues are projected to be harvested globally from sales of unified B2B telecommunication services. Furthermore, the demand for VoIP services, WAN solutions and M2M communication solutions is also expected to grow at steady rate over the next decade.

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North America & APEJ – Dominant Regions

In 2016, North America’s B2B telecommunication market was valued at an estimated US$ 8.5 billion. Surging adoption of cloud and VoIP services by US-based businesses has been assessed as the key attributor for growing sales of B2B telecommunication services in North America. Although, B2B telecommunication revenues in North America will increase at a 15.3% CAGR. On the other hand, the B2B telecommunication market in Asia Pacific excluding Japan (APEJ) region is projected to register rampant expansion at the highest CAGR of 17.3%. By 2026-end, the APEJ B2B telecommunication businesses will dominate the global B2B telecommunication market with 28.5% global revenue share.

Comparatively, the B2B telecommunication market in Latin America, Eastern Europe and the Middle East & Africa (MEA) region will incur sluggish expansion over the forecast period. Japan’s contribution to the global B2B telecommunication market value is estimated to be over US$ 15 billion by the end of 2026, which will be approximately US$ 3 billion higher than the value of Western Europe’s B2B telecommunication market.

In the report, titled “B2B Telecommunication Market: Global Industry Analysis & Opportunity Assessment, 2016-2026,” large enterprises such as MNCs and conglomerates will be the largest end-users of B2B telecommunication in the world. Companies such as China Mobile Limited are being recognised as a leading supplier of B2B telecommunication services, owing to the growing proliferation of social, mobile, analytics and cloud (SMAC) technologies in the APEJ region and beyond. The report has further profiled key players of the global B2B telecommunication market, which include, NTT Communications Corporation, Vodafone Group PLC, Orange S.A., Telefonica S.A., AT&T Inc., Telstra Corporation Limited, Deutsche Telekom AG, Verizon Communications, and SoftBank-owned Sprint Corporation.

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Global B2B Telecommunication Market – Segmentation

By Solution

Unified Communication and Collaboration
VoIP
WAN
Cloud Services
M2M Communication

By End User

Small & Medium Enterprise
Large Enterprise

By Vertical

BFSI
Healthcare
Media and Entertainment
Government
Energy and Utility
Retail
Transportation and Logistics
Others

Video Event Data Recorder Market is expected to increase at a CAGR of 6.9% during the assessment period 2016–2026

Future Market Insights analyses the global video event data recorder market for a 10-year forecast period, 2016-2026. According to a recent market outlook report, “Video Event Data Recorder (VEDR) Market: Global Industry Analysis & Opportunity Assessment, 2016-2026,” the US$ 1.64 Bn market is likely to reach beyond US$ 3.2 Bn by the end of 2026.

The global video event data recorder (VEDR) market was valued at nearly US$ 1,500 Mn in 2015 and is projected to reach approximately US$ 3,500 Mn by 2026. Sales revenue is expected to increase at a CAGR of 6.9% during the assessment period (2016–2026). This growth is attributed to rising awareness and adoption of vehicle safety technologies, government regulations and motor vehicle safety standards and benefits such as detailed data capture capabilities offered by VEDR devices.

In the global VEDR market report, Future Market Insights provides detailed information on market definition and segmentation analysis, market dynamics and key insights, and competition assessment and key company profiles. The overall market outlook remains positive and the compound annual growth rate is estimated at 6.9% over the decade. Although market growth will be healthy by 2021 end, it will experience a slight decline in terms of CAGR in the second half of the assessed period.

“Massive automobile sales will remain the most prominent driver to VEDR market over the next decade.” – Market Research Analyst (Electronic, Semiconductors, & ICT), Future Market Insights

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Key research findings:

Motor vehicle safety standards will continue to fuel the sales of technologies pertaining to vehicle safety
In addition to growing cognisance and adoption of vehicle safety measures, burgeoning automotive investments are also anticipated to favour VEDR market growth
Growing inclination of OEMs and drivers toward digitisation will push the market further
With technological advancements, various cost-effective products are being developed. Several manufacturers are also emphasising integration of smart software
An increasing number of VEDR manufacturers are strategically investing in order to capitalise on opportunities offered by commercial fleets such as cabs/rental fleets/taxis globally

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Vehicle type segmentation:

Passenger cars
Light Commercial Vehicles (LCVs)
Heavy Commercial Vehicles (HCVs)

Among these, LCVs segment will retain dominance throughout the period of forecast, however, with a decline of around 190 BPS. This segment will capture over 48% share of the market value in 2026. Passenger cars, the second largest and fastest growing segment, will witness a boost by 420 BPS, accounting for nearly 29% share in 2026.

Segmentation based on the type of data storage:

Flash card
Cloud storage

Flash card segment, despite a heavy drop of 780 BPS over the assessment period, will continue to dominate. On the other hand, growing popularity and adoption of cloud technology will contribute to an amplified market share for cloud data storage segment in 2026 i.e. more than 42%. This segment will possibly witness the fastest growth at an estimated CAGR of over 9%.

End-user segmentation:

Commercial fleet
Law & enforcement agencies (LEAs)

Commercial fleet segment is anticipated to record a relatively high CAGR of 8.7% during the assessment period. However, LEAs segment will remain dominant, accounting for over 73% revenue share in 2026.

Segmentation on the basis of sales channel:

Auto OEM
Aftermarket

While auto OEM will remain the leading segment, aftermarket segment is likely to witness faster growth over the assessed period. The latter will bag around 45% share of the total market value in 2026.

Regional segmentation:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Middle East and Africa (MEA)
Japan

North America is expected to remain dominant over the forecasted period, despite a loss of around 450 BPS. On the other hand, Eastern Europe will gain around 420 BPS and exhibit substantial growth during the 10-year period. This region, primarily driven by the Russian VEDR market, will be the fastest growing region globally. The by the collective revenue share of North America and Eastern Europe is likely to be more than 81% by the end of 2026. APEJ is also expected to exhibit significant growth, accounting for over 10% share of the total 2026 revenues.

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Key player insights:

The global market for video event data recorder is predominantly governed by the top five players in the competitive landscape. Digital Ally Inc., WatchGuard Video, Omnitracs LLC, Rosco Inc., and Safety Vision LLC collectively account for roughly 85% market revenues. A few other notable players include Convoy Technologies, OCTOCAM Srl, and L-3 Mobile-Vision, Inc.

While Digital Ally is in the news for its recent launches of advanced technology video event recording systems, the company is also focusing on cloud-based video evidence solution. Digital Ally’s current plans of operation expansion in South America are likely to contribute to its growth in near future. WatchGuard is focusing more on development of integrated evidence management solutions and workforce expansion, whereas Omnitracs is strategising tailor-made services and solutions to gain a competitive edge.

Cognitive Systems Spending Market is anticipated to witness a CAGR of 14.6% during the forecast period of 2020-2030

The global cognitive systems spending market is experiencing numerous technological advancements permitted with exceptional features for several industries especially in the banking sector. Cognitive systems with high-definition technology can help in determining the world’s most composite data analysis difficulties by entering into the complexity of exploiting the power of big data, machine learning, natural language processing, and automated reasoning technology. Some advances in technology would further benefit the diffusion of big data, thereby booming the growth of the global cognitive systems spending market in the forecast period. Another factor that is driving the growth of the global cognitive systems spending market is the challenge that most banks and financial institutions are facing in the present scenario.

The value of the global cognitive systems spending market is anticipated to witness a CAGR of 14.6% during the forecast period of 2020-2030.

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“Growing demand for cognitive systems in different application industries and increasing awareness of technological advancements such as natural language processing technology among others, which are prominent factors driving the growth of the global cognitive systems spending market,” Says the FMI Analyst

Key Takeaways of Cognitive Systems Spending Market Study

Among the verticals segment, banking segment expected to expand at a higher CAGR over the forecast period, owing to recognition and widespread acceptance of consumer-based intelligent assistant applications.
East Asia is expected to create lucrative growth opportunities for players in the cognitive systems spending market, owing to the increasing challenge that most banks and financial institutions in the countries of this region.

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Increasing Adoption of Cognitive Systems Spending Market amid the COVID-19 Pandemic outbreak

Cognitive collaboration harnesses the benefits of machine learning and artificial intelligence to increase distributed and in-person collaboration experiences. A team of computer science research at the Carnegie Mellon University has developed a tool using Artificial Intelligence (AI) that determines whether an individual is infected with coronavirus by analyzing the sound of their cough, the way they speak or even breathe. The voice production mechanism is so complex and dependent on cognitive abilities, such factors drives the cognitive systems spending market.

More Valuable Insights on Cognitive Systems Spending Market

FMI’s report on the cognitive systems spending market is segmented into three major sections such as component (GPS & radar systems, multi-function navigation, fish finders/SONAR modules, thermal & visible cameras, marine VHF communication devices, audio/video equipment, marine autopilots, autonomous identification systems, analogue & digital communication display, satellite TV), and software), applications (merchant marine, fishing vessel, yachts/recreation, military naval autonomous shipping, smart boat, underwater drones), and region to help readers understand and lucrative evaluate opportunities in the Cognitive Systems Spending market.

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Storage Area Network (SAN) Market | Where Should Participant Focus To Gain Maximum ROI | Exclusive Report By Future Market Insights

Fiber Channel over Ethernet (FCoE) is anticipated to remain at the forefront, offering significant growth opportunities for players in the storage area network market. SAN technology enables fiber channel SAN traffic to be transmitted natively through Ethernet networks, and provides a reduction in capital and operating costs, as well as reducing cooling and power demand. FCoE links connect seamlessly to existing fiber channel SANs, support existing SAN functions such as logical partitioning and security features through existing management software.

The global SAN market is anticipated to exhibit a CAGR of 4% during the forecast period of 2019-2029.

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“SANs provide an opportunity to work directly with end users to customize and design a storage strategy, allowing a system integrator to either expand its consulting services or move beyond a traditional application, server, or hardware solution provider.”

Key Takeaways of Storage Area Network Market Study

North America is expected to hold a significant share in the global storage area network market during the forecast period.
Fiber Channel (FC) is expected to hold a significant share in the global SAN market among all technologies during the forecast period.
By component, the hardware segment is anticipated to retain its significant share in the global storage area network market during the forecast period. This due to the fact that, SANs leverage the high-performance Fiber Channel I/O and consist of a series of hardware components.
The demand for hypercscale server SAN is estimated to grow at an impressive CAGR. However, enterprise server SAN is estimated to continue to hold significant market share in the global storage area network market during the forecast period.

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Increasing Demand for Efficient Data Backup Management to Propel Sales

In the traditional approach of data backup, various backup and restore functions occur over the LAN, which are typically slow and severely impact the efficiency of the whole operation. In contrast, in a server-less data backup solution (SAN approach), data moves seamlessly across the SAN to tape devices, as it does not utilize critical server I/O or CPU resources. This factor is expected to drive the growth of the global storage area network market over the coming years.

More Valuable Insights on Storage Area Network Market

Future Market Insights offers an unbiased analysis of the global storage area network market, providing historical data of 2014-2018 and forecast statistics for the period of 2019-2029. To understand the opportunities in the SAN market, the market has been segmented on the basis of component (Hardware, Software, and Services), SAN type (Hypercscale Server SAN and Enterprise Server SAN), technology (Fibre Channel (FC), Fibre Channel Over Ethernet (FCOE), InfiniBand, and iSCSI Protocol), and vertical (BFSI, IT & Telecom, Energy & Utility, Government, Military & Defense, Healthcare, Manufacturing, Retail & e-Commerce, and Others), across seven major regions.

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Neuromorphic Chip Market will record a CAGR of 20.7% within the forecast period 2016 – 2026

According to a latest research by Future Market Insights, development of AI systems is fuelling the growth of global demand for neuromorphic chips. Scientists and researchers developing diverse AI platforms are integrating neuromorphic chips to improve smart functioning and reasoning abilities of machines. Governments from several parts of the world are inducing surplus expenditure towards development of AI systems, which is incidentally catalysing the demand for neuromorphic chips in the global tech industry.

In 2015, about US$ 1.5 billion worth of revenues were attained through the global sales of neuromorphic chips. Increasing preference for neuromorphic engineering over conventional computing and a large-scale integration of analogue circuits for improving neurological & biological mimicking in smart machines continues to drive the demand in the global market for neuromorphic chips.

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Future Market Insights’ report, titled “Neuromorphic Chips Market: Global Industry Analysis & Opportunity Assessment, 2016-2026,” projects that the global neuromorphic chips market, which is currently valued at an estimated US$ 1.6 billion, will rake in revenues worth US$ 10,814.9 million by 2026 end. According to the report, the size of global neuromorphic chips market will expand exponentially – at 20.7% CAGR. Technical hurdles such as developing complex algorithms, and a sluggish commercialization of neuromorphic chips inhibits the market’s growth to some extent. And, high costs associated with the pricing as well as production of neuromorphic chips remains a key challenge for the key players in global neuromorphic chips market.

Regional Forecast of Global Neuromorphic Chips Market

Key findings assessed while analysing the neuromorphic chips market across several regions in the world include,

North America’s neuromorphic chips market is projected to be valued at nearly US$ 3 billion by the end of forecast period.
In 2015, Western Europe recorded US$ 304.5 million revenues through sales of neuromorphic chips, rendering it the second-most dominant region in the global market after North America.
Nevertheless, the neuromorphic chips revenues attained in Asia Pacific excluding Japan (APEJ) region will increase at the fastest growth rate, exhibiting a stellar 23.6% CAGR through 2026.
Following APEJ, the Japanese neuromorphic chips market is estimated to be valued over US$ 1.6 billion by 2026-end.
Demand for neuromorphic chips in Middle East & Africa will be comparatively less, while the expansion of neuromorphic chips market size in Eastern Europe and Latin America is predicted to be more than 17% CAGR throughout the projection period.

Preview Analysis on Global Neuromorphic Chip Market Segmentation by Application – Image Recognition, Signal Recognition, Data Mining and Others; By Vertical – Aerospace & Defence, Automotive, Consumer Electronics, Healthcare, Industrial and Others: http://www.futuremarketinsights.com/reports/neuromorphic-chip-market

Global Neuromorphic Chips Market: Competitive Backdrop

Industry leaders and tech giants such as IBM Research Inc. and Intel Corporation are participating in the growth of global neuromorphic chips market. Being a leading developer of advanced integrated platforms in digital technology has favoured Intel Corporation to engaging in designing, manufacturing & computing of neuromorphic chips. In 2016, IBM Research used phase-change materials to advance the data storing & processing capacities of neurons in analog chips. Besides these, companies such as Qualcomm Technologies, Inc., BrainChip Holdings Ltd., HRL Laboratories, LLC, General Vision Inc., Hewlett-Packard Labs, and Knowm Inc., are leading participants shaping up the competitive landscape of global neuromorphic chips market.

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Global Neuromorphic Chips Market: End-users & Applications

Advanced technologies are being used for development of alternative processing chips that recognize images or 3-dimensionally classify objects while capturing live environments. So, the demand for neuromorphic chips in image recognition is less likely to grow higher over the forecast period. About 37% of global neuromorphic chips market value is currently accounted by image recognition, but is projected to steep below 35% by 2026-end. Signal recognition & data mining applications, on the other hand, will witness a considerable rise in their global market share over the forecast period. With respect to the key end-user industries, aerospace & defence, consumer electronics and automotive are expected to collective account for nearly 60% of global neuromorphic chips revenues by the end of forecast period. Global neuromorphic chips sales accounted by aerospace & defence are expected to be more than US$ 2 billion by 2026-end. Healthcare industry, on the other hand, is projected to exhibit a US$ 1.3 billion incremental opportunity from 2016 to 2026.

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About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Residential Robotic Vacuum Cleaner Market Competitive Growth Strategies Based on Type, Applications, End User and Region

The global residential robotic vacuum cleaner market will possibly attain a value worth US$ 1,491.0 Mn by 2016, up from US$ 1,255.0 Mn recorded in 2015. In-house robotic vacuum cleaner will remain a leading product type segment, whereas Europe will continue to be the largest regional market for residential robotic vacuum cleaner.

Rising urbanisation is the primary factor fuelling the demand for robotic vacuum cleaner. In addition, vacuum cleaners are gaining higher traction since the past few years owing to busy lifestyle of people worldwide and lesser time dedicated to household chores. Increasing consumer inclination toward automated cleaning devices is another key factor driving the growth of the global residential robotic vacuum cleaner market. Robovacs or residential robotic vacuum cleaners are lightweight, compact, portable, and possess intelligent sensors for efficient cleaning. These features, in addition to time and energy efficiency, collectively escalate the demand in market.

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Consumers nowadays are highly concerned about indoor air quality and indoor air pollution management. This is anticipated to hold a positive influence on the demand. Greater emphasis on health and hygiene will remain an important factor impacting the adoption positively. Increasing prevalence of asthma and allergic conditions spur the sales of HEPA filter-equipped vacuum cleaners. Growing awareness about managing indoor air pollution and increasing adoption of automated home appliances in developing countries will be a major factor influencing the demand in near future.

Rising R&D investments and launches of innovative products, such as vacuum cleaners with spinning brushes, UV sterilisation, and security cameras are foreseen to strongly support the market growth. Discovery of stair-climbing robot cleaner is identified to create lucrative growth opportunities. In 2015, iRobot Corporation introduced an advanced robotic vacuum cleaner (Roomba 980) that has in-built adaptive navigation, visual localisation, and connected app control. It is designed for enhanced efficiency on carpets. However, higher costs and stringent energy-efficiency regulations are likely to challenge the market growth.

Based on the robot type, the global market for residential robotic vacuum cleaner is classified into in-house and outdoor robot segments. In terms of value, the in-house robot segment is projected to reach US$ 1,221.8 Mn, accounting for over 81% market share by the end of 2016. Outdoor robot segment, with merely 18% share in 2016, is likely to witness a stellar Y-o-Y growth of 29.5% in 2017 over 2016.

By the mode of charging, the global residential robotic vacuum cleaner market is segmented into manual charging and auto battery charging segments.

Based on geography, the market for residential robotic vacuum cleaner is fragmented into five key regional markets viz. North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Europe will remain dominant with around US$ 665.0 Mn revenues and 44% market value share by 2016 end. APAC will continue to be another key market with over 18% market value share in 2016. MEA is identified to be the fastest growing region.

Some of the leading companies operating in the global market for residential robotic vacuum cleaners, include Neato Robotics, Inc., Yujin Robot, Co., Ltd., Robot Corporation, Dyson Inc., Ecovacs Robotics, Inc., Hayward Industries, Inc., Samsung Electronics Co., Ltd., Philips Electronics N.V, Pentair plc, and Milagrow Business & Knowledge Solutions (Pvt.) Limited. Most of the key players are currently focusing on innovative product development to take over the competition.

Long-term Outlook: Over 2016-2021, the global residential robotic vacuum cleaner market is estimated for a robust CAGR of 12.0%, reaching a value beyond US$ 2.4 Bn by 2021 end.

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Residential Robotic Vacuum Cleaner Market: Key Segmentation

By Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan
Japan
Middle East & Africa

The global residential robotic vacuum cleaner market is segmented on the basis of robot type, into:

In-house robot
Outdoor robot

On the basis of mode of charging, into:

Manual charging
Auto battery charging

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About Future Market Insights (FMI)

Consumer Electronics Market to expand at a CAGR of 5.6% through 2031

Global consumer electronics shipments are set to surpass 12 billion units in 2021, as success with COVID-19 vaccination and gradual reopening raise consumer confidence. Sales will be supported by relatively less precarious COVID-19 scenario in Asia Pacific, home to some of the fastest growing consumer electronics markets in the world. In the updated edition of the study, Future Market Insights analyses consumer electronics sales in 20+ high-growth markets, offering a comprehensive analysis on future growth.

The study reveals that covid-fatigue and launch of new models by consumer electronics companies will induce momentum in consumer electronics market in 2021. Many manufacturers had put off launching new models considering lockdown and low consumer confidence, however, 2021 is being looked at with tempered optimism.

Key Takeaways

Recovery expected for smart phones, smart TVs, printers in 2021
Sales through multi-brand stores to be lucrative
Germany’s consumer electronics market will be lucrative in Europe
US held 80% of North America share, sales in Canada growing modestly
China and India hotspots for global consumer electronics manufacturers

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Consumer electronics manufacturers will be looking at capturing higher market share in East Asia and South Asia. The markets in these regions, especially in China, India, Indonesia, Malaysia, and Thailand continues to be flooded with low-cost or mid-range consumer electronics.

Manufacturers from US, Western Europe, Japan, and South Korea are facing stiff competition in these markets due to the influx of low-cost Chinese products. However, owing to COVID-19 outbreak and China’s rise as a global heavyweight, geo-political situation can have an influence on Chinese imports.

“Market players are keeping a close tab on evolving consumer sentiment, as many consumers are in fatigue mode due to COVID-19. The way brands communicate differently may be visible in their advertising strategies” says an FMI analyst.

Who is winning?

The key players in the global consumer electronics market are aggressively investing to encourage and promote product development with an aim to gain a competitive advantage over other players operating in the market. For instance,

Samsung Electronics Co. Ltd. Launched its newest galaxy smartphones in January, 2021, while its new flagship Galaxy S smartphones are targeted for remote workers and gamers
Hitachi Ltd. Has announced in its new report published on 4^th February, 2021, that Hitachi ABB Power Grids will provide energy storage solution for Singapore’s first virtual power plant in order to enhance both of their production capacity

Segmentation

The Consumer Electronics market is segmented into application, form, end use industry, source and geography.

Product

Consumer Electronic Devices
- Digital Camcorder/DVR and Camera
- Smart Phones/Feature Phones & Tablets
- Smart TV
- Printers/ Set Top Box
- Personal Computers & Gaming Consoles
Wearable Devices
- Smart Accessories
- Other Wearable Devices
Smart Home Devices
- Securities & HVAC Systems
- Smart Kitchen Appliances

Sales Channel

Hypermarkets/Supermarkets
Specialty Stores
Multi-brand Stores
Online Retailers
Wholesalers & Distributors
Other Sales Channel

Regional Segments Analyzed Include

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)

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Reasons to Buy the report

We provide authentic and detailed analysis on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
The report includes accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts.This ensures that the data collected is from highly reliable sources.

Managed File Transfer (MFT) Market is anticipated to grow from a valuation of US$1.6 Bn in 2020 to US$ to over US$4.5 Bn by 2031

According to a study by Future Market Insights (FMI), the managed file transfer (MFT) market will surpass US$ 1.7 Bn in 2021 on the Back of increasing adoption in BFSI and IT & Telecom industries.

Rising adoption of cloud solution to securely transfer and share various types of data is expected to propel demand for managed file transfer over the coming years. The market is projected to witness significant growth due to factors such as growing need for reliable and cost-effective managed file transfer solutions, rise in digitizing the workspace, increasing demand for high-performance managed file transfer solutions, and rising availability of cost-effective managed file transfer software along with technological advancements.

The global managed file transfer (MFT) market is anticipated to grow from a valuation of US$1.6 Bn in 2020 to US$ to over US$4.5 Bn by 2031. In the past few years, managed file transfer have gained an enormous interest across the globe due to development of cloud based managed file transfer solutions.

The BFSI sector, telecommunication, and other industries have been exhibiting high demand for managed file transfer software and services for managing regular workflow. This is expected to contribute to revenue generation in the market over the forecast period. The market is projected to grow at a healthy CAGR of around 10.0% through 2031.

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Impact of COVID-19 on Managed File Transfer Market:

The COVID-19 pandemic outbreak has disrupted many industries, including the managed file transfer market. Many private, as well as government organizations, have transitioned to remote working, due to which there is a sudden surge in demand for managed file transfer solutions.

Market Segmentation by Category:

Some of the leading companies offering managed file transfer are Axway Inc., GlobalSCAPE, Inc., IBM Corporation, Micro Focus, Software AG, Oracle Corporation, Wipro Limited, CA Technologies Inc., Clearswift, Signiant Inc., OpenText Corporation, Coviant Software Corporation, Primeur, and others.

Solution

Software

System-centric File Transfer

People-centric File Transfer

Extreme File Transfer

Services

Implementation & Integration

Consulting

Support & Maintenance

Industry

BFSI
Media & Entertainment
Retail
Manufacturing
Telecommunication
Others

Region

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East and Africa (MEA)

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Key Questions Answered in Report

What are the factors fuelling demand for managed file transfer solutions?

The rising demand for incorporation of artificial intelligence, cloud computing, business intelligence, and Managed File Transfer as-a-Service (MFTaaS) across organizations to streamline their operations will fuel the demand in managed file transfer market.

What are the major challenges for managed file transfer solution providers?

Unsecure data access, high competition, lack of skilled resources to monitor the data transfer, along with infrastructural security issues, are challenges which might slow down the growth of the market.

What are the major trends impacting the sales of managed file transfer solution?

Partnerships between managed file transfer vendors, and increasing demand from banking sector are surging the sales of managed file transfer solutions

Which are some of the leading companies offering managed file transfer solution?

Which region is expected to be at forefront of managed file transfer market?

Managed file transfer market are likely to witness high demand in South Asia & Pacific due to increasing application in countries such as India, Indonesia, Australia, and others.

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Key Takeaways from Market Study:

Rising demand for seamless file transfer between or within organizations will enable growth in managed file transfer market at 10% CAGR between 2021 and 2031
The market in the U.S. is projected to expand at a CAGR of 8.2% through 2031, emerging dominant in North America
Germany will emerge as a key market for MFT, accounting for over one-fourth of demand registered in Europe
China and Japan will emerge as key markets within East Asia. While China is expected to account for higher share, Japan will exhibit growth at a higher pace
Rapid digitization will enable double-digit growth in India, pushing the expansion of the market in South Asia

“Key players are focusing on development and implementation of new solutions such as cloud computing technology and Managed File Transfer as-a-Service (MFTaaS) to offer secure file transfer features in businesses and across organizations,” says a Future Market Insights (FMI) analyst.