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The global earphone and headphone market is estimated at US$ 22.3 Bn in 2022, and is projected to close in on a valuation of US$ 35.2 Bn by 2028, expanding at a CAGR of 7.9% over the 2022 to 2028 assessment period.

Earphone and Headphone Market – Key Research Findings

1. The global earphone and headphone market was valued at approximately US$ 16,388 Mn in 2018
2. The earphone and headphone market is projected to expand at a CAGR of approximately 8% during the forecast period (2018-2028)
3. The continuous launches of advanced earphones and headphones, which includes waterproof earphones, are among factors that are expected to support the growth of the global earphone and headphone market during the forecast period
4. Europe is a prominent regional market for earphones and headphones as of 2018
   • Growing trend of mobile shopping, e-banking, and Bring Your Own Device (BYOD) is also driving the demand for smartphones and tablets across the globe, which is, in turn, boosting the growth of the earphone and headphone market in North America.
5. South Asia holds a high growth potential for the earphone and headphone market
   • South Asian countries, such as India and Thailand, are witnessing an increase in the penetration of the internet and the adoption of smartphones and mobile phones. The increasing GDP and per capita income of the respective countries is expected to boost the music market as a whole, thereby pushing the prospects of earphone and headphone sales.

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Developing Countries Turning into ‘Largest Sales Hub’

The sales of mobile phones and smartphones have grown significantly across the world since the past few years, especially in developing countries such as India, China, Brazil, and Mexico. Moreover, the increasing trend of mobile shopping, E-banking, and bringing your own device (BYOD) is driving the global demand for smartphones and tablets, which is, in turn, boosting the technologically advanced devices, such as Wi-Fi enabled devices, in the earphones and headphones market. The increasing migration of the rural population to cities, especially across developing countries such as India, China, Brazil, Mexico, and Indonesia, has boosted the adoption of low- or medium-price earphones & headphones. Europe will however remain the leading market for earphone and headphone in the near future, according to FMI’s findings.

In the past decade, there was an upsurge in urbanisation, which resulted in an increase in the disposable income of the population that migrated to urban areas. Growth in the disposable income of the people has boosted the adoption of technologically advanced products worldwide, which include smart devices, smartphones, tablets, and advanced wireless earphones. This trend has been majorly observed in developing countries, such as India, China, Brazil, Mexico, and Indonesia. This has resulted in an increase in the adoption of earphones and headphones in these countries.

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Strengthening the distribution channel and expanding advertising platforms for earphones and headphones is also contributing to the development of the global market for earphones and headphones. The music industry as a whole is estimated to contribute to the growing GDP and per capita revenue of various nations. Thus, continuous growth in the music industry and the music streaming market is boosting the adoption of accessories for music systems, which include earphones, headphones, and intelligent speakers.

Companies Shifting Focal Point to Multi-Brand Distribution & E-commerce

A significant number of companies in the earphone and headphone market depend mainly upon powerful sales channels, such as multi-brand distributors and the retailers of headphones & earphones, to be able to offer better customer service and achieve a competitive edge in the earphone and headphone industry. In addition to partnerships with distributors, the providers of earphones and headphones collaborate with numerous E-commerce companies, such as Alibaba and Amazon, due to the growing E-commerce industry, especially in nations such as the U.S., China, Brazil, and India. Strengthening the distribution channel and expanding marketing platforms for various items also contributes to the development of the global market for earphones and headphones.

Some of the key players in the global earphone and headphone market research report include Plantronics Pty Ltd., Sennheiser Electronic GmbH & Co. KG, JVC Corporation, GN Netcom (Jabra), Sony Corporation, Harman International Industries, Philips Electronics Ltd., Bose Corporation, Beats (Apple Inc.), and Audio-Technical Corporation. These companies in the earphone and headphone market are continually focusing on providing leading products and following the strategy of entering into collaborations and partnerships with other providers to offer enhanced earphones & headphones and to reach new growth markets during the forecast period.

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The global earphone and headphone market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

By Product Type

• Ear buds
• In-ear
• On-ear
• Over-ear

By Technology

• Wireless
• Wired

By Headset Type

• ANC
• Non-ANC

By Application

• Personal Use
• Professional
  • Corporate Offices
  • Media & Entertainment
• Sports
• Gaming

Distribution Channel

• Distributor & Value Added Resellers
• Retail Stores
  • Multi-brand
  • Exclusive
  • E-commerce

By Price Range

• Low Price
• Medium Price
• Premium Price

Region

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East &Africa

Embedded hypervisors offer several benefits such as support for multiple operating systems, security of VMs, and improved hardware. Use of embedded hypervisors boosts performance, offers better resource utilization, and facilitates cost reduction in embedded systems. An embedded hypervisor is a virtualization hypervisor that is natively installed, programmed, and embedded in a computer system or device. Multiple network connections increase the attack surface for vulnerabilities, and increasing use of embedded hypervisors for enhanced cyber-security is significantly propelling the growth of the embedded hypervisor market.

As such, the global embedded hypervisor market is expected to witness a CAGR of more than 6% in terms of revenue during the forecast period (2019-2029).

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Key Takeaways of Embedded Hypervisor Market Study

• Among the vertical segments, automotive is expected to witness a high growth rate, owing to the rising demand for industrial applications that require real-time control and systematic networking.
• Market share held by medium enterprises is projected to increase at a striking CAGR during the forecast period, due to increasing demand for virtualization technology.
• North America is anticipated to dominate the global embedded hypervisor market, due to increasing demand for cyber-security in this region. This regional market is projected to generate an absolute opportunity of nearly US$ 1.5 Bn over the forecast period.

“Small- and medium-sized embedded hypervisor solution providers should focus on establishing their presence in the lucrative APEJ market, as embedded hypervisor solutions are increasingly finding common applications in mobiles, data centers, servers, and desktop virtualization in this region.”

Increasing Demand for Safety & Security Systems to Boost Use of Embedded Hypervisors

An embedded hypervisor is a type of operating system software that enables various operating systems to operate on the same microprocessor, and improves processing speed. Multi-core processors are increasingly being adopted across all industries, as single-core processors fail to meet the increasing requirements of these industries. With increased use of multi-core processors in safety and security-critical, real-time, and cyber-physical systems, the demand for embedded hypervisors is expected to increase substantially over the forecast period.

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Intel multi-core processors use embedded hypervisors to increase speed and improve performance per watt over a single core processor, for efficient use for various operating systems on a single PC/laptop.

Increasing Use of Embedded Hypervisors in Military Applications

Use of embedded hypervisors improves storage virtualization, offers enhanced security, and expanded processor support, which leads to increasing adoption of embedded hypervisors in ground-based military applications. Increasing need for securing communication in the military sector is expected to boost the demand for embedded hypervisors in the foreseeable future.

As such, key players are focusing on improving their embedded hypervisor offerings. In October 2019, Lynx expanded its LynuxSecure separation kernel hypervisor backing for Arm-based NXP Semiconductors processor architectures. Lynx secure hypervisor technology is suitable for high performance computing tasks that control hardware resources according to an in-built information flow modeling language.

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Rising Application of Virtualization Technology to Boost Use of Embedded Hypervisors

New hardware virtualized platforms that are an integration of hypervisors and embedded boards for device prototyping, educational purposes, and operator training are used in the development of robotics. Virtualization creates an abstraction layer that allows multiple hypervisors to run in the same hardware, providing new capabilities to developers and equipment manufacturers. Hence, the adoption of virtualization technology is driving the growth of the embedded hypervisor market.

The global embedded hypervisor market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the readers.

Component

• Software
• Services
  • Professional Services
  • Managed Services

Type

• Bare Metal
• Hosted Operating Systems

Technology

• Server Virtualization
• Desktop Virtualization
• Data Centre Virtualization

Enterprise Size

• Large Enterprises
• Medium Enterprises
• Small Enterprises

Vertical

• Aerospace and Defense
• Automotive
• Healthcare
• IT & Telecom

Region

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

According to the assessment of Future Market Insights, the global CRM application software market is forecasted to reach a figure of about US$ 62,200 Mn in 2022 and is poised to exhibit a robust CAGR in the period of assessment.

Customer relationship management application software includes applications for sales automation, automation of marketing and customer service and support management like email automation. There are different types of customer relationship management applications available through cloud delivery like social media management, activity and participant management and customer experience management. CRM application software are being increasingly used by the enterprises to increase their sales by retaining their customers and netting new customers. Customer relationship management software helps companies to identify their most valuable customers and make a customer rewards systems and personalized communication with them in order to get increased customer engagement and conversions.

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Customer relationship management application software are also used to increase the efficiency of the sales processes and to minimize the costs of sales. It also helps in servicing the customer in a faster and a more efficient manner, giving personalized attention to the most valued customers. In addition, a customer relationship management application software helps enterprises to make swift tactical decisions pertaining to established and emerging market trends.

4 Forecast Highlights on Global CRM Application Software Market

• As per the forecast of Future Market Insights, the on-premise segment is slated to touch a value of nearly US$ 27,450 Mn in the year 2022. This represents a robust CAGR during the assessment period of 2017-2022. The on-premise segment is estimated to account for more than half of the revenue share of the deployment segment by the year 2017 and is forecasted to lose market share by 2022 over 2017.

• As per the forecast of Future Market Insights, the retail segment will reach a value of nearly US$ 6,840 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The retail segment is forecasted to account for more than one-fifth of the total revenue share of the vertical segment by the end of the year 2017 and is expected to gain in market share by 2022 as compared with the year 2017.

• As per the forecast of Future Market Insights, the marketing automation segment is slated to reach a value of about US$ 14,100 Mn in 2022. The marketing automation segment is expected to lose market share by the end of the year 2022. The largest share is contributed by the North America region in the marketing automation segment.

• Future Market Insights forecasts the mainframe segment to exhibit a compound annual growth rate (CAGR) of nearly 10.0% from 2017 to 2022.

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Competitive Landscape

The report has also included the profiles of some of the leading companies in the CRM application software market like IBM Corporation, Oracle Corp, Sas Institute Inc., Salesforce.com, Inc., Adobe Systems, Inc., Amdocs Ltd., Microsoft Corp., Genesys Telecommunications Laboratories Inc., SAP SE and Nice Systems Inc.

Market Taxonomy

Deployment

• Cloud
• On-Premise

Vertical

• BFSI
• Retail
• IT & Telecommunication
• Healthcare
• Discrete Manufacturing
• Government
• Education
• Others

Application

• Marketing Automation
• Sales Automation
• Customer Service & Support
• Contact Centre

Operating Environment

• Mainframe
• Unix
• Linux
• Windows 32 and 64
• Other Operating Environment

Region

• North America
• Latin America
• Europe
• Japan
• Asia Pacific excluding Japan
• Middle East and Africa

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Table Of Content

1. Global CRM Application Software Market – Executive Summary

2. Global CRM Application Software Market Overview

3. Global CRM Application Software Market Analysis and Forecast By Deployment

4. Global CRM Application Software Market Analysis and Forecast By Vertical

5. Global CRM Application Software Market Analysis and Forecast By Application

6. Global CRM Application Software Market Analysis and Forecast By Operating Environment

7. Global CRM Application Software Market Analysis and Forecast By Region

8. North America CRM Application Software Market Analysis and Forecast, By Country, 2012-2022

9. Latin America CRM Application Software Market Analysis and Forecast, By Country, 2012-2022

10. Europe CRM Application Software Market Analysis and Forecast, By Country, 2012-2022

Future Market Insights presents a detailed forecast of the global retail automation market in a new publication titled “Retail Automation Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027.” In this report, Future Market Insights has analysed the global retail automation market over a 10 year study period from 2017 to 2027 and thrown light on the key factors likely to impact market revenue growth during the period of assessment. According to Future Market Insights’ forecast, the global retail automation market is estimated to be valued at US$ 9,846.0 Mn by the end of 2017 and this is expected to increase to US$ 29,825.4 Mn by the end of the forecast period in 2027. This reflects a CAGR of 11.7% in terms of value.

Global Retail Automation Market: Opportunity Areas

Integration of retail automation products with virtual assistant services: Advancements in technology are encouraging companies in the global retail automation market to integrate retail automation products with intelligent personal assistant services to provide consumers with more power to control their shopping needs. This integration of retail automation and virtual assistant services will facilitate faster checkouts using simple voice commands and a secure PIN. Virtual assistants can also assist customers in locating specific products off store shelves and also provide detailed information on selected products.

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Machine Learning with Artificial Intelligence to bridge gaps in retail store functions: 

Machine learning coupled with artificial intelligence will create a big impact on retail storefronts, as artificial intelligence is capable of interpreting customer behavioural data, lifecycle stages, and psychographic indicators such as emotional triggers to help brands engage with their target audience in a more meaningful and personalised manner.

Augmented Reality: Businesses can use Augmented Reality to provide a different level of consumer-product interaction through an immersive experience. AR in store and in online retail can help retailers reach end consumers with images, text, video, and graphics, and create a more personalised shopping experience in the real world while remaining virtual.

Global Retail Automation Market: Forecast by Product Type

The global retail automation market is segmented on the basis of product type into Manned POS Terminal (Fixed POS Terminal, Mobile POS Terminal, Contactless POS Terminal) and Unattended Terminals (Kiosk / Vending Machine, Self-Checkout System). In terms of revenue, the Manned POS Terminal segment is projected to be the most attractive and dominant segment in the global retail automation market during the forecast period, with 56.5% revenue share in 2016. The Unattended Terminals segment is expected to register high Y-o-Y growth rates throughout the forecast period.

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Global Retail Automation Market: Forecast by Industry

The global retail automation market is segmented on the basis of industry into FMCG, Health and Personal Care, Apparel and Footwear, Hospitality, Consumer Electronics, Travel and Logistics, Oil & Gas, and Others. FMCG is the dominant segment with an estimated market revenue of about US$ 2 Bn by 2017 end and likely to increase to US$ 6.4 Bn by the end of 2027, with a CAGR of 12.2%. Hospitality is the second largest segment with a CAGR of 11.9%.

Global Retail Automation Market: Forecast by Market

The global retail automation market is segmented on the basis of market into Organised Market and Unorganised Market. The Organised Market segment is the largest in terms of market value, estimated to cross US$ 25 Bn by the end of 2027, with a CAGR of 11.8%.

Global Retail Automation Market: Regional Forecast

Future Market Insights tracks the performance of the global retail automation market across the key geographies of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding japan, Japan, and the Middle East and Africa. North America is expected to be the dominant regional market with a value share anticipated to increase 2.9X between 2017 and 2027. The North America retail automation market is estimated to be valued in excess of US$ 9 Bn by the end of 2027. North America is the most attractive market for retail automation across the world. The retail automation market in APEJ is expected to register high Y-o-Y growth rates throughout the forecast period.

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Global Retail Automation Market: Key Players

The report profiles some of the leading players operating in the global retail automation market. Companies featured include Diebold Nixdorf Incorporated, NCR Corporation, Datalogic S.p.A., FUJITSU, First Data Corporation, Toshiba Corporation, Verifone, Posiflex Technology, Inc, Ingenico Group, and Honeywell International Inc.

Key Segments Covered

Product Type

• Manned POS Terminal
  • Fixed POS Terminal
  • Mobile POS Terminal
  • Contactless POS Terminal
• Unattended Terminals
  • Kiosk / Vending Machine
  • Self-Checkout System

Market

• Organized Market
• Unorganized Market

Industry

• FMCG
• Health and Personal Care
• Apparel and footwear
• Hospitality
• Consumer Electronics
• Travel and Logistics
• Oil & Gas
• Others

A recent research by Future Market Insights (FMI) has estimated the global physical security equipment market to reach nearly US$ 64,000 Mn in revenues by 2022-end. Over the forecast period (2017-2022), the global market for physical security equipment is projected to exhibit a staggering expansion at over 10% CAGR.

Emergence of Thermal Cameras – A Major Trend Observed in the Market

A major trend being discerned in the market is the emergence of thermal cameras. As these cameras are water & heat resistant, and use infrared radiation for taking images, they have become an indispensable part of physical security equipment in monitoring unique/large-scale outdoor environments. Several institutions and critical infrastructures are being offered grants by governments for purchasing efficient surveillance equipment. The requirement for sophisticated security systems that help in ensuring safety of data has led the organisations to adopt data analytics, along with cloud-based data storages.

The global artificial intelligence systems spending market is anticipated to soar with a staggering 46.1% CAGR throughout the projection period between 2017 and 2027. The coronavirus pandemic is benefit from the coronavirus outbreak as businesses are remodeling operations to allow employees to work from home. Further, increased spending on online communications and cloud technologies will generate lucrative opportunities during the pandemic.

“Automated shopping assistants, intelligent process automation, optimized purchase recommendations, and research and discovery initiatives in the pharmaceutical industry with AI-related technologies are highly popular applications that will support spending on AI systems for years to come,” states the FMI report.

Artificial Intelligence Systems Spending Market – Key Takeaways

• Banking solutions for artificial intelligence systems are gaining strong demand, owing to automated customer service, and fraud analysis applications.
• Pharmaceutical research applications are likely to witness rapid growth aided by the recent spurt in growth of digital patient and formulation databases.
• Asia Pacific is displaying major growth in artificial intelligence system spending, supported by investments in hardware and infrastructure for artificial intelligence development.

Artificial Intelligence Systems Spending Market – Critical Driving Factors

• Growing use of artificial intelligence in ERP and manufacturing solutions and applications drive adoption rates.
• Sustained investments into automated transport and logistics is a key factor contributing to revenues.

Artificial Intelligence Systems Spending Market – Major Constraints

• Lack of adequate infrastructure to handle vast databases, setup processes, and manage workforce remains a key challenge to market players.
• High capital required for artificial intelligence system development holds back market growth.

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The Anticipated Impact of Coronavirus

The covid-19 pandemic is likely to benefit the artificial intelligence systems spending market. This can be attributed to high investments in cloud and internet infrastructure, for remote working operations around the world during the pandemic. Centralization of corporate data during the crisis will help companies to build on AI capabilities. AI systems are being used to identify and track vulnerable populations, and generate warnings for potential outbreaks in the future. Further, these systems are proving useful in administration applications in healthcare facilities. Also, increased use of online shopping. However, concerns over privacy, bias and job loss will limit gains during this period.

Competition Landscape

Prominent developers in the artificial intelligence systems spending market include but are not limited to IPsoft Inc., Google Inc., Salesforce.com Inc., Microsoft Corp., Wipro Ltd., Facebook Inc., Infosys Ltd., IBM Corp., Intel Corp., Apple Inc., and Amazon.com Inc.

Artificial intelligence systems spending market players are widely investing in strategic acquisitions to bolster their AI capabilities, and expertise in AI development workforce.

For instance, in early 2020, Apple Inc., announced the acquisition of Xnor.ai for AI-based image recognition tools. Further Amazon has announced the acquisition of Zoox, a startup focused on AI-based autonomous driving developments. Similarly, Snap has revealed its acquisition of Ukraine-based AI-Factory for developing augmented reality functionalities.

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Market Taxonomy

By Industry Type

• BFSI
• Discrete & Process Manufacturing
• Healthcare
• Retail
• Wholesale
• Professional & Consumer
• Service
• Transportation
• Media & Entertainment
• Telecommunications & Utilities
• Government
• Education
• Others (Construction, Resource Industries)

By Technology

• Deep Learning
• Machine Learning
• Natural Language Processing
• Machine Vision
• AGI
• ASI

By Market

• Hardware
• Software
• Services

By Region

• North America
• Asia-Pacific excluding
• Japan
• Western Europe
• Eastern Europe
• Latin America
• Middle East and Africa
• Japan