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IT Market in Real Estate – Growth, Trends and Forecast (2019 – 2024)

Information & Communications Technology Published by: Mordor Intelligence Market: Global
100 pages Published: 22-07-2019
  • Information & Communications Technology
  • Mordor Intelligence
  • Global
  • 100 pages
  • Published: 22-07-2019

Market Overview

 

The IT market in real estate was valued at USD 5.49 billion in 2018, and it is expected to reach a value of USD 10.79 billion, by 2024, at a CAGR of 12.2%, over the forecast period (2019-2024). IT is becoming a driving force necessitating a change in the way real estate companies market products to their clients. The shift from physical records to digital-based records and documents has been the initial stepping stone for the adoption of technology in the real estate sector. According to the Profile of Real Estate Firms 2016, by the National Association of Realtors, commercial real estate managers are lagging behind their residential peers in technology adoption.

Blockchain technology is going to make a bigger impact with platforms, such as i-house Token, becoming widespread. The blockchain technology jointly manages the database that records Bitcoin transactions. It is set to change the way of doing business, and real estate transactions may most definitely fall into this category.

As software in real estate aids in increasing visibility and efficiencies within an enterprise, real estate solutions can effectively support the realities of a business and propose effective solutions to any issues encountered by a company.

Increased funding has been fueling the growth and bringing startups and small-sized organizations to scale. The market studied is expected to be consolidated with acquisitions and mergers of new market entrants by market incumbents to remain competitive. This is expected to drive the formation and growth of the real estate technology landscape.

 

Scope of the Report

 

Risk mitigation is an essential part of the way Big Data is transforming real estate. Open data across the internet and a variety of Big Data tools added strong force for analysis in the decision making of choosing the right property or home. It equipped customers with valuable information by extracting the data and cross-analyzing it. Big real estate agencies such as Realtor, are pioneering those tools and provide an estimated forecast of the property value from 1 to 10 years. Additionally, they provide information about the neighborhood trends, estimate mortgage payment, cost of ownership, history of the property and current value. The calculation is based on a variety of public data records, market information, user data points by using Big Data analysis formula developed in-house.

 

Key Market Trends

 

Cloud Type of Deployment to Account for Significant Share

 

Digital transformation has created a growing demand for connectivity. The explosion of big data with the Internet of Things (IoT), and constant technology innovations to efficiently manage the complex real estate portfolio require simply connected IT solutions.•Deployment of these solutions on-premise requires different servers to be purchased for a different solution, which not only adds to the redundancy, but also leads to the requirement of additional employment, which further increases the cost-to-completion of the project.

Thus, with a cloud-based solution, such as SAP Cloud for Real Estate, facility managers and lease administrators can manage real estate lease agreements, with all payment and valuation postings being recorded in real time within SAP S/4HANA, providing real estate vendors with a holistic solution to manage operations without additional infrastructure and employment costs.

The stakeholders in the real estate industry are highly reliant on physical paperwork and are required to carry the documentation on-the-go. While employees can access their digital library of files while on-premises (unless the company has not digitized its records), realtors are weighed down by this problem when away from the office.

A further development in the market are platforms for smart contracts and issuing and transferring assets through a blockchain. For instance, ChromaWay, which has partnered with LHV Bank to develop such systems. Thus, leaders in the documentation market, like DocuSign are expected to soon invest actively in the aforementioned technology.

 

North America Region Account for the Largest Share

 

The real estate industry in North America seems to be on an accelerating disruption curve highlighted by rapid changes in tenant dynamics, customer demographic shifts, and ever-increasing needs for better and faster data access to allow improved service and amenities.

In the United States, investor sentiment related to real-estate remains positive but has weakened over the past year, owing to uncertainty over economic policy and rising interest rates.

Demand for the multi-family sector remains steady with demographic pressures from millennial and a strong labor market. Moreover, with vacancy rates in the U.S. industrial market at 4.6% as of Q3, 2017, rents have increased significantly across core markets. Also, as per Q2, 2017, CBRE Economic Advisors reported an average net asking rent of USD 6.8 per square foot – the highest level on record.

Apart from that, investment volumes decreased year-over-year by 8% due to tightening monetary policy and uncertainty over economic policies.

World’s most innovative real estate companies, such as Bowery, Buildium, Enertiv, among others, are headquartered in this region. In cities, such as San Francisco, New York, and Boston, 60% of the residents were tenants in 2017. The growth in rental demand has resulted in strong demand for property management services.

Automated interiors also play a key role in real estate. A few companies have started catering to this market and have also sought funding. For instance, Hutch, the virtual interior designer app, raised USD 10 million funding from Zillow in 2017.

 

Competitive Landscape

 

Some of the key companies in the market studied include SAP SE, IBM Corporation, Oracle Corporation, etc. These players have significant expertise in the market and are complemented by their robust geographical reach. They have established their platform offerings through innovative real estate management solutions.

With the presence of a large number of international conglomerates and newly emerging PropTech startups, the competitive rivalry in the market is expected to intensify further over the forecast period, and beyond.

Hence, the competitive rivalry in the market studied is high, over the forecast period. Some of the key players in IT Market in Real Estate are SAP SE, Sage Group PLC, Yardi Systems Inc. Some of the key developments in IT Market in Real Estate are as follows:

SAP SE collaborated with Accenture, Capgemini, and Deloitte, to accelerate customer adoption of SAP S/4HANA cloud (one of the most deployed ERPs), in the process manufacturing, discrete manufacturing, and service industries. 

Sage launched an independent study that revealed the significant savings made by businesses in three major industries, after the implementation of Sage Business Cloud Enterprise Management. The study objectively examined the potential return on investment (ROI) that organizations may realize, by deploying Sage Business Cloud Enterprise Management (formerly Sage X3). 

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Introduction to Market Drivers and Restraints

4.3 Market Drivers

4.3.1 Technologically Transforming Real Estate Sector

4.4 Market Restraints

4.4.1 High Costs Associated with IT Solutions

4.5 Value Chain Analysis

4.6 Industry Attractiveness Portes Five Force Analysis

4.6.1 Threat of New Entrants

4.6.2 Bargaining Power of Buyers/Consumers

4.6.3 Bargaining Power of Suppliers

4.6.4 Threat of Substitute Products

4.6.5 Intensity of Competitive Rivalry 

5 MARKET SEGMENTATION

5.1 By Deployment

5.1.1 On-premise

5.1.2 Cloud

5.2 By End User

5.2.1 Residential

5.2.2 Commercial

5.3 By Solution

5.3.1 Documentation

5.3.2 Accounting

5.3.3 Compliance

5.3.4 Business Intelligence

5.3.5 Enterprise Resource Planning

5.3.6 Customer Relationship Management

5.3.7 Asset Management

5.3.8 Other Solutions

5.4 Geography

5.4.1 North America

5.4.2 Europe

5.4.3 Asia Pacific

5.4.4 Latin America

5.4.5 Middle East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 SAP SE

6.1.2 The Sage Group PLC

6.1.3 Yardi Systems Inc.

6.1.4 Buildium LLC

6.1.5 MRI Software LLC

6.1.6 RealPage Inc.

6.1.7 AppFolio Inc

6.1.8 IBM Corporation

6.1.9 Oracle Corporation

6.1.10 Salesforce.com

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

By Deployment

On-premise

Cloud

 

By End User

Residential

Commercial

 

By Solution

Documentation

Accounting

Compliance

Business Intelligence

Enterprise Resource Planning

Customer Relationship Management

Asset Management

Other Solutions

 

Geography

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

We value your investment and offer free customization with every report to fulfil your exact research needs.

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Gesture Recognition Market – Growth, Trends and Forecast (2019 – 2024)

Information & Communications Technology Published by: Mordor Intelligence Market: Global
100 pages Published: 15-07-2019
  • Information & Communications Technology
  • Mordor Intelligence
  • Global
  • 100 pages
  • Published: 15-07-2019

Market Overview

 

The Gesture Recognition Market is expected to register a CAGR of over 27.9% during the forecast period 2019 – 2024. The development of artificial intelligence (AI) has given rise to the gesture of recognition-based devices. Douwe Egberts has come up with an innovative machine, which was placed at the Tambo International Airport, to detect travelers who yawned or looked sleepy and dispense free cups of coffee. The company was able to take benefit of face recognition technology to advertise and market its brand innovatively.

 

In the past, the interaction between humans and electronic devices was quite different. For instance, human interaction with TVs required a remote. However, today, gesture recognition technology is being increasingly implemented for human-device interaction due to an increased acceptance of gesture-enabled electronic devices, across various industry verticals. For example, switching through television channels or radio stations.

 

The evolution of GUI technology from the use of texts as inputs, to the use of gestures as inputs, has paved the way for the emergence of gesture recognition technology. The gesture recognition usage is increasing, in various sectors. One recent development in this area is the humans interacting with machines, by using hand gesture recognition. Another development is hand gesture recognition, used to control computer applications.

 

With continuous technological developments, the companies in the market studied have been manufacturing products incorporated with new and innovative features. Omron Corporation has developed the gesture recognition technology, by simultaneously recognizing the position, shape, and motion of a person’s hand or finger, by referencing a camera-recorded image.

 

A gesture recognition application system comprises several key hardware and software components, all of which must be tightly integrated, to provide a compelling user experience. A camera is the first component, which captures the raw data that represent the user’s actions. Generally, this raw data is then processed, in order to reduce the noise in the signal, for example, or (in the case of 3D cameras) to compute the depth map.

 

Moreover, specialized algorithms subsequently interpret the processed data, translating the movements into actionable commands that a computer can understand. Subsequently, an application integrates these actionable commands with user feedback, that must be natural as well as engaging. Adding to the overall complexity of the solution, the algorithms and applications are increasingly being implemented on embedded systems, with limited processing, storage, and other resources.

 

Adequate integration of these components, to deliver a compelling gesture control experience, is not a simple task. The complexity is further magnified by the demands of gesture control applications. In particular, gesture control systems must be highly interactive, and able to process significant volumes of data, with imperceptible latency.

 

The Scope of the Report

 

Gesture recognition is the conversion of a hominid movement or signals to a command using a mathematical algorithm. It enables any person to interrelate with the machine in the absence of any physical devices, as an input mechanism to perform desired actions in a system. The technology interprets human gestures and movements, such as movement of hands, fingers, arms, head, or the entire body. It allows users to operate and control devices merely with their gestures.

 

Key Market Trends

 

Technology Segment is Expected to Register a Significant Growth

 

Touch-based gesture recognition consists of single- and multi-touch screens, which are widely used in consumer electronics. A single touch-based function can be used in many devices, such as smartphones. For instance, a single-swipe touch can be used to access the menu bar in any smartphone.

 

Multi-Touch-Based gesture recognition is used in functions, such as zoom-in, zoom-out, and three-finger screenshot in smartphones. Functions, such as desktop swap and access to the menu in Windows 10 can be found on the trackpads of laptops. Currently, the touch-based gesture recognition segment dominates the market studied, due to high market penetration of laptops and smartphones that have the aforementioned basic functionalities, and is expected to remain the same, over the forecast period.

 

Smartphones are expected to witness continuous growth over the next six years as companies are shifting their focus to the Asia-Pacific region, especially India, by launching low-cost and feature-rich smartphones. This is expected to have a positive impact on the growth of the market studied.

 

Currently, smartphone manufacturers are launching phones that incorporate touch-based gesture recognition features, such as double tap to sleep and wake. In addition, laptop manufacturers are launching low-cost products that use touch-based gesture recognition, thereby, augmenting the availability of the technology.

 

North America Market is Expected to have a Major Share

 

North American market for gesture recognition is led by the United States, due to the presence of major tech firms and startups in the country. Research and development investment in the United States is very high. The country produces the most advanced degrees in science and engineering and high-impact scientific publications. It is the largest provider of information services, globally.

 

Deep-learning forms a base for gesture recognition. In 2017, the deep learning software market in the region was estimated at USD 80 million and may reach USD 130 million by 2019.

 

Also, in terms of artificial intelligence (taxonomy includes gesture recognition-based products and services providers), the United States occupies the leading position with 415 companies, followed by the United Kingdom with 67 companies, and Canada with 29 companies. Average funding raised by the companies, particularly, in the field of gesture control is USD 7.8 million.

 

Canada-based Thalmic Labs manufactured a gesture recognition device that can be worn on the forearm, called Myo. This armband can be integrated with various applications, such as presentations and gaming, or as a controller for drones. In terms of demand, the United States is helping in setting the stage for record sales of the latest consumer electronics. Disposable personal income increased by 1.8% in 2017, and it is likely to increase by more than 2.0%, in 2018. As a result, revenue in the consumer electronics industry is expected to amount to USD 72,443 million in 2018, in the United States.

 

Competitive Landscape

 

The Gesture Recognition Market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. 

 

The companies operating in the market are also acquiring start-ups working on Autonomous Delivery Robots technologies to strengthen their product capabilities. In July 2018, In Beijing, Intel shared a series of collaborations with Baidu on artificial intelligence (AI), including powering Baidu’s Xeye, a new artificial intelligence retail camera with Intel Movidius vision processing units (VPUs).

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Introduction to Market Drivers and Restraints

4.3 Market Drivers

4.3.1 Technological Advancements for Efficient HMI and Demand for Cost-effective Features

4.3.2 Evolution of Artificial Intelligence and Machine Learning Technology Augmented with Fall in Sensors Prices

4.3.3 Increasing Use of Devices Supporting Gesture Recognition across End-user Industries

4.4 Market Restraints

4.4.1 Algorithms, Mathematical, and Other Complexities Associated with the Use of Gesture Recognition Technology

4.4.2 High Battery Power Consumption by Gesture Sensors, due to the ‘Always-on’ User Interface

4.5 Value Chain / Supply Chain Analysis

4.6 Industry Attractiveness Porters Five Force Analysis

4.6.1 Threat of New Entrants

4.6.2 Bargaining Power of Buyers/Consumers

4.6.3 Bargaining Power of Suppliers

4.6.4 Threat of Substitute Products

4.6.5 Intensity of Competitive Rivalry 

5 MARKET SEGMENTATION

5.1 By Technology

5.1.1 Touch-based Gesture Recognition

5.1.2 Touchless Gesture Recognition

5.2 By End User Industry

5.2.1 Aerospace and Defense

5.2.2 Automotive

5.2.3 Consumer Electronics

5.2.4 Gaming

5.2.5 Healthcare

5.2.6 Other Industries

5.3 Geography

5.3.1 North America

5.3.2 Europe

5.3.3 Asia Pacific

5.3.4 Latin America

5.3.5 Middle East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 Intel Corporation

6.1.2 Jabil Inc.

6.1.3 Leap Motion Inc.

6.1.4 Microchip Technology Inc.

6.1.5 Sony Corporation

6.1.6 Elliptic Laboratories A/S

6.1.7 Thalmic Labs Inc.

6.1.8 Sony Corporation

6.1.9 Pyreos Limited

6.1.10 GestureTek Inc.

6.1.11 Fibaro Group SA

6.1.12 Eyesight Technologies Ltd

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

By Technology

Touch-based Gesture Recognition

Touchless Gesture Recognition

 

By End User Industry

Aerospace and Defense

Automotive

Consumer Electronics

Gaming

Healthcare

Other Industries

 

Geography

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

We value your investment and offer free customization with every report to fulfil your exact research needs.

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France E-Commerce Market – Growth, Trends, and Forecast (2019 – 2024)

Information & Communications Technology Published by: Mordor Intelligence Market: France
100 pages Published: 15-07-2019
  • Information & Communications Technology
  • Mordor Intelligence
  • France
  • 100 pages
  • Published: 15-07-2019

Market Overview

 

The France eCommerce Market was valued at USD 104 billion in 2018 and is expected to reach USD 185 billion by 2024, recording a CAGR of 10.04%, over the forecast period of 2019-2024..The European e-commerce market has been recording robust growth, thus offering exciting opportunities for online retailers, across various sectors. France is one of the major consumer markets in Europe and an important market for e-commerce. The French e-commerce market is just below the European average, in terms of Internet penetration, the percentage of e-commerce consumers, and average expenditure. One of the major factors responsible for the moderate growth rate may be that internet penetration is comparatively lower in France (especially in the rural areas), than other major EU countries. However, with the French government’s drive to increase internet access, the number of consumers shopping online is expected to increase, over the forecast period.

As digital buyers in France continue to shift away from PCs, the share of mobile traffic from business-to-consumer (B2C) e-commerce sites in France is rapidly increasing.

As e-commerce and m-commerce continue to grow in France, both locally and across borders, cybercrime incidents are also increasing at a rapid pace.

Private sales websites in France are still dominated by Vente-privee. com and showroomprive.com. They present limited time, ‘flash’ sales of big brand clothing for the whole family and offer reductions between 30% and 70%, compared to in-store prices. They also offer travel and leisure products, household items, and even cars, in the case of Vente-privée.

Driven by the increase in online shoppers, purchase frequency and the development of the offer, online shopping in France is expected to continue to grow over the forecast period, and exceed EUR 90 billion, in 2018. At this rate, the EUR 100 billion marks is expected to be crossed by the end of 2019.

 

Scope of the Report

 

E-commerce or electronic commerce is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business.

 

Key Market Trends

 

Fashion is Expected to be a Significant Product Type

 

Paris remains an official fashion capital alongside Milan, New York, and London, as well as an increasing number of cities seeking to cement their presence in the industry. Despite a considerable degree of competition from these cities, fashion is a deep-rooted aspect of France’s culture and its international profile.

Online third-party retailers continue to grow and consolidate the market as well. Since it’s North American inception, Vente-privée has focused its development on the European market and has been building scale across countries before a potential IPO. After the acquisition of a Belgian company in 2015, it acquired two additional groups in Europe during the first semester 2016, Eboutic.ch in Switzerland for an undisclosed value, and Privalia in Spain for EUR million.

At a time of considerable economic difficulty in France, the country’s fashion industry is still emerging as victorious, as demonstrated by the steady growth in revenues. According to a recent report by the French Fashion Institute (IFM), the sector outperforms several major high-ticket trades, including aerospace and car production.

However, it is also fair to assume that as online fashion portals become more successful, they might think about launching their own lines to solidify their brand. Also, in the bid to control production for high quality, France’s Industry of the Future initiative for a burgeoning specialist manufacturing sector is expected to come to the force.

 

Toy, Hobby, and DIY Segment Accounts for a Major Share in the Market

 

The market for toys and games in the country is vast and diverse. In 2016, the market generated a turnover of EUR 3.4 billion Euros. The market experienced a growth of 1% in 2016, which is less than the 3.4% growth seen in 2015.

Apart from this, the average expenditure in 2015 on toys reached EUR 321 per child in France. Furthermore, expenditure per child in France is 60% higher than the European average, posing a positive outlook for e-commerce toys market.

The conventional toys and games like puzzles and plush toys are expected to remain in good standing in the upcoming years. Those that are able to continually adapt and remain innovative will gain additional attention from buyers.

In France, players already exist for tires and for parts involved in vehicle maintenance such as filters and brakes such as Allopneus, and online auto parts is likely to achieve greater market penetration in the next few years. Penetration of e-commerce is poised to increase in auto part sales as they facilitate customers’ research processes as customers are turning to online communities and reviews, among other digital platforms, as a way to improve their purchasing decisions.

 

Competitive Landscape

 

The level of rivalry in the industry is high, owing to a large number of market players. The number of local and global brands in the e-commerce market has increased, thus leading to high competition.

Apart from Amazon, eBay, etc., there exist some of the retail brands, like Auchan Holding, which already enjoy a considerable presence in physical retail and are gearing up to enter the e-commerce market, further intensifying the overall rivalry between players.

Some of the key players in France eCommerce Market are Amazon, e bay, Cdiscount. Some of the key developments in France eCommerce Market are as follows:

Amazon took a step forward and announced a deal with French retail Monoprix to deliver groceries through Prime Now. The service began serving Prime Now members in Paris starting from May 2018. The company also announced that soon it will accept Apple Pay as payment on its website. This move is poised for a full-scale rollout around the world in the upcoming months.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Introduction to Market Drivers and Restraints

4.3 Market Drivers

4.4 Market Restraints

4.5 Value Chain Analysis

4.6 Industry Attractiveness Porters Five Force Analysis

4.6.1 Threat of New Entrants

4.6.2 Bargaining Power of Buyers/Consumers

4.6.3 Bargaining Power of Suppliers

4.6.4 Threat of Substitute Products

4.6.5 Intensity of Competitive Rivalry 

4.7 PESTLE Analysis

5 MARKET SEGMENTATION

5.1 By Product Type

5.1.1 Fashion

5.1.2 Electronics and Media

5.1.3 Furniture and Appliance

5.1.4 Food and Personal Care

5.1.5 Toy, Hobby, and DIY

5.1.6 Other Product Types

6 COMPETITIVE LANDSCAPE

6.1 Vendor Market Share

6.2 Company Profiles

6.2.1 Amazon Services Europe S.a.r..l

6.2.2 Cdiscount S.A.

6.2.3 eBay France SAS

6.2.4 La Redoute SA (Motier SAS)

6.2.5 PriceMinister SAS (Rakuten Group)

6.2.6 Group Auchan SA

6.2.7 Groupe Fnac Darty

6.2.8 Vertbaudet France comapny

6.2.9 Leroy Merlin retail compaany

6.2.10 Carrefour S.A.

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

By Product Type

Fashion

Electronics and Media

Furniture and Appliance

Food and Personal Care

Toy, Hobby, and DIY

Other Product Types

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Fixed LTE Market – Growth, Trends and Forecast (2019 – 2024)

Information & Communications Technology Published by: Mordor Intelligence Market: Global
100 pages Published: 12-07-2019
  • Information & Communications Technology
  • Mordor Intelligence
  • Global
  • 100 pages
  • Published: 12-07-2019

Market Overview

 

The Fixed LTE market was valued at USD 17.9 billion in 2018 and is expected to reach a value of USD 65.35 billion by 2024, at a CAGR of 24.5% over the forecast period (2019-2024). The demand for data is accelerating; this phenomenon is not true for only mobile networks where data already generates 95% of its world’s total traffic but also on fixed line networks. This enormous data consumption, mainly driven by video streaming and internet browsing, requires high-speed networks.

While LTE has been largely deployed by mobile network operators, it has also become a vital part of a nation’s public safety network. Early leadership in applying LTE to public safety applications came from the USA at 700MHz arising from the digital dividend has been allocated to public safety and the First Responder Network ‘FirstNet’ – a single nationwide, interoperable public safety broadband network – is using LTE. A variety of standards are currently used for public safety communications globally.

The main challenge of deploying fixed LTE is the spectrum being used. In order to order to deliver a compelling alternative to the existing wired broadband, wireless solutions need to be able to meet capacity and throughput demands, in line with common expectations for FTTH-type services.

Fixed LTE wireless access also enables a fatter data pipe into the home or office, where it gets translated into other technologies with which all the existing mobile devices can communicate. This technology translation through a home gateway or customer premises equipment (CPE) increases both the data capacity as well as the effective data rate that each user sees. 

 

Scope of the Report

 

The Fixed LTE concept is intended as a fixed access broadband product with fixed cost per month depending on the maximum speed.

 

Key Market Trends

 

Residential Type of User Expected to Account for Significant Share

 

The utilization of fixed LTE in residential areas is increasing rapidly, owing to increasing consumer need for high-speed internet connectivity, primarily wherein the customers have limited access to the technology. Notably, the service providers are making a prominent investment into fixed LTE technology for home or residential users, which is expected to have a positive impact on the growth of the market, over the forecast period

For instance, in Mexico, AT&T launched fixed LTE broadband services especially for residential users, in April 2018, wherein the company has laid emphasis majorly in the areas which are unserved or underpenetrated by fixed-line operators. As a result, it is likely to compel other ISPs to invest, in the area, in order to garner a higher share, thereby boosting the market’s growth. Additionally, in mid-2018, Telcel launched fixed LTE services at a competitive price, in Mexico, to tackle AT&T and other competitors.

In the United States, the demand for high-speed internet connections is increasing at a rapid rate, owing to which, companies are rigorously investing in fixed wireless connections. Deploying fixed wireless connections not only offers high-speed internet but also help the users in the unserved areas to avail of them.

Since June 2014, till December 2016, the number of residential wireless connections for 25 Mbps downstream connection has increased by over 400%, due to the rapid demand from rural areas. In addition, this is expected to augment investments from service providers, thereby boosting the fixed LTE infrastructure and market growth, over the next six years.

 

North America Accounts for Significant Share in the Market

 

The North American region has witnessed a significant increase in interest and investment in fixed wireless broadband, over the last two years. While approximately 30% of US households in remote and rural communities still lack access to high-speed broadband, fixed wireless broadband is emerging as a key technology enabler.

It is reported that approximately 2,000 wireless internet service providers (WISPs) are currently providing fixed wireless broadband services to more than 4 million households in small towns and rural communities, in all 50 US states. 

Rise is making further investments to expand its fixed LTE wireless coverage area in more than 20 small-to-mid-sized markets, increasing peak Internet speeds up to 50 Mbps, by continuing to acquire more 2.5 GHz spectrum, to allow its rural and suburban subscribers to receive faster Internet access.

Giants in the telecom industry in this region are also entering this segment of the market. To develop solutions for these rural areas, six of the leading telecom companies accepted more than USD 1.4 billion, in early 2017, as funding in the second phase of the FCC (Federal Communications Commission) Connect America Fund (CAF-II) to bring broadband to an estimated 3.5 million households and businesses in uncovered rural areas. Verizon opted out of the high-cost broadband program, while CAF II funding was accepted by CenturyLink, AT&T, Frontier, Windstream, FairPoint, and Consolidated Communications.

 

Competitive Landscape

 

The competitive rivalry in fixed LTE market is high owing to the presence of numerous service providers and technological innovation in the industry. Notably, to sustain the market share and retain new and existing consumers, the companies are regularly altering their pricing schemes which creates a pricing pressure other telecom companies thereby ascending the competition in the market. Furthermore, the companies are regularly launching fixed LTE packages at competitive pricing which further ascends the competitions amongst the companies.

For instance, Cell C, a South African mobile company launched fixed LTE at aggressive packages or tariffs which is expected to compel further other companies operating in the same regions to offer similar tariffs thereby fostering the competitive rivalry over the forecast period.

Some of the key players in the Fixed LTE Market are Huwaei, Sagemcom, Netgear. Some of the key developments in Fixed LTE Market are as follows:

Huawei releases the first 5g customer-premises equipment(CPE) with this product innovation it will underpin the next leap forward for the intelligent world, where people, vehicles, homes, and devices are fully connected, delivering new experiences, insights, and capabilities. 

ARRIS International PLC announced that its HomeAssure whole-home Wi-Fi solution will support the Wi-Fi Alliance Wi-Fi CERTIFIED EasyMesh program, based on the Multi-Access Point (AP) specification. ARRIS will submit compliant products for Wi-Fi CERTIFIED EasyMesh certification—enabling advanced Wi-Fi performance features, like extender configuration, client steering, and Wi-Fi analytics, in a multi-vendor home network. 

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Introduction to Market Drivers and Restraints

4.3 Market Drivers

4.3.1 Increased Adoption of Public Safety LTE.

4.3.2 Growing Demand For High Speed BroadBand In Rural Areas

4.3.3 Positive Outlook of Fixed LTE Compared to DSL, Fiber and Cable

4.4 Market Restraints

4.4.1 Network Performance Concerns

4.5 Value Chain Analysis

4.6 Industry Attractiveness Porters Five Force Analysis

4.6.1 Threat of New Entrants

4.6.2 Bargaining Power of Buyers/Consumers

4.6.3 Bargaining Power of Suppliers

4.6.4 Threat of Substitute Products

4.6.5 Intensity of Competitive Rivalry 

5 MARKET SEGMENTATION

5.1 By Type of User

5.1.1 Residential

5.1.2 Commercial

5.2 By Type of Solution

5.2.1 LTE Infrastructure

5.2.2 Other Solution Types (Indoor CPE, Outdoor CPE)

5.3 Geography

5.3.1 North America

5.3.2 Europe

5.3.3 Asia Pacific

5.3.4 Latin America

5.3.5 Middle East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 Huawei Technologies Co. Ltd

6.1.2 Arris International PLC

6.1.3 Netgear Inc.

6.1.4 Sagemcom SAS

6.1.5 Technicolor SA

6.1.6 ZyXel Communications Corp

6.1.7 ZTE Corporation

6.1.8 Telenet Systems Pvt. Ltd

6.1.9 Aztech Group Ltd

6.1.10 Shenzhen Zoolan Technology Co. Ltd

6.1.11 L-com Global Connectivity

6.1.12 Samsung Group

6.1.13 Motorola Solutions Inc.

6.1.14 Telrad Networks Ltd

6.1.15 Teltronics (Hytera)

6.1.16 Telefonica SA

6.1.17 AT&T Inc.

6.1.18 Cisco Systems Inc.

6.1.19 Datang Telecom Technology & Industry Group

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

By Type of User

Residential

Commercial

 

By Type of Solution

LTE Infrastructure

Other Solution Types (Indoor CPE, Outdoor CPE)

 

Geography

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

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Digital Transformation Market in Manufacturing – Growth, Trends, and Forecast (2019 – 2024)

Information & Communications Technology Published by: Mordor Intelligence Market: Global
100 pages Published: 11-07-2019
  • Information & Communications Technology
  • Mordor Intelligence
  • Global
  • 100 pages
  • Published: 11-07-2019

Market Overview

 

The Digital Transformation In Manufacturing Market is expected to register a CAGR of over 15.59% during the forecast period 2019 – 2024. With the advent of industry 4.0 in the manufacturing industry, various plants are fostering digital technologies to enhance, automate, and modernize the whole process.

 

Digital transformation and automation reduce processing cost and enhances the cost efficiency in the manufacturing industry. Earlier, manufacturing companies used to focus less on the production cost of a product, which led to high end-product cost. However, with the rising integration of digital transformation, leading to automation has helped in reducing unnecessary cost. For instance, digital manufacturing can reduce development cycles and ascend the rate of product innovation; thus, mitigating the manufacturing cost.

Furthermore, the enhancement of a product through low-cost manufacturing also helps in the quicker launch of the product and high revenue generation. The implementation of IoT in the manufacturing industry helps in detecting any error at an early stage, which further lessens errors and mistakes, which in turn mitigates the number of products returned to the company.

One of the major benefits of integrating digital transformation, such as robotics and IoTs, is that the robots can work 24×7, wherein it can work without having any glitch or error. As a result, it is likely to have a positive impact on market growth over the forecast period. In addition, on-demand manufacturing trend is expected to grow and the industry 4.0 is expected to help in making efficient decisions and enhance supply chain operations.

The fourth industrial revolution encompasses a wide array of technologies across the value chain, wherein it is considered as the information and automation hub. However, the rapid adoption of automation and digital transformation in the manufacturing industry is demanding high skilled labors to handle big data and operate required machinery.

Particularly in low-cost manufacturing countries, such as BRICS, the concentration of skilled workforce is less. For instance, in India, only 2% of the labors are skilled and poses expertise in the required field. As a result, it increases the requirement for up-skilling or re-skilling, especially in developing countries, which in turn increases the cost for the company

In addition, a few countries, such as South Africa, have an unemployment rate close to 25%, which propel the challenges associated with the adoption of digital transformation in the manufacturing industry in the region. Furthermore, the lack of skilled workforce may have a huge impact on business growth, in terms of revenue and production.

 

The Scope of the Report

 

Digital transformation in the manufacturing industry addresses various global issues within the manufacturing industry, including the manufacturing companies modernizing their supply chain through big data and GPS tracking, which not only helps in data-driven planning but also provide a competitive advantage over counterparts and stay ahead in the market. 

 

Key Market Trends

 

Robotics is Expected to Register a Significant Growth

 

Improved efficiency, and a reduction in production costs, when compared to conventional manufacturing processes, are boosting the adoption of automation technology, which is driving the digital transformation across the manufacturing segment. The application of robots in manufacturing increases efficiencies from raw material handling, to finished product packing. These robots are programmed to operate 24/7, and also can be customized to perform complex functions. 

 

Highly trainable and collaborative robots, across the manufacturing sector, are being deployed in unsafe working environments. For instance, autonomous dump trucks used at mining sites can be remotely controlled by operators, eliminating the need for human drivers. According to Adobe’s 2018 Digital Intelligence briefing, about 15% of businesses use AI today, and 31% plan to add support for it, over the forecast period. Therefore, the increasing adoption of AI is also aiding the adoption of modern robotics, through cobots. Cobots can help eliminate dangerous work, freeing humans for more satisfying jobs, and avoiding the risk of repetitive stress.

 

The adoption of robots in manufacturing plants aids the smart machinery in identifying irregularities and can help fix mechanical issues without any human intervention, allowing the company to increase efficiency and minimize delays.

 

North America is Expected to Hold Major Share

 

Modern manufacturing facilities in the United States rely on new technologies and innovations, in order to produce higher quality products at a significant rate, with lower costs. In order to survive in the current competitive scenario, companies in the region are adopting sophisticated and intelligent solutions.

 

Several government initiatives are aiding the transformation of the traditional manufacturing industry. For instance, the previous government proposed the National Network for Manufacturing Innovation (NNMI), which consist of regional hubs that are expected to accelerate the development and adoption of cutting-edge manufacturing technologies, for making new, globally competitive products. The formation of the Advanced Manufacturing Partnership (AMP) is an initiative undertaken to make the industry, universities, and the federal government invests in emerging technologies.

 

Furthermore, the IoT-enabled manufacturing plants in the United States allow manufacturing companies to optimize their business operations, product and services innovations, and supply chain and logistics management. Thus, manufacturers from different end-user sectors, such as industrial equipment, defense, healthcare, and electronics, are seeking these IoT solutions. For instance, in July 2016, Boeing partnered with Microsoft to build a cloud-based platform, for its portfolio of commercial aviation analytics tools. This is expected to help Boeing take advantage of more robust data intelligence. As a result, data in the cloud will help Boeing manage inventory and optimize the maintenance costs involved in the production.

 

According to RIA estimates, about 250,000 robots are being used in the United States, behind only Japan and China. In the United States, manufacturing accounts for USD 2.17 trillion in annual economic activity, and more than 98% of US manufacturers qualify as small businesses. There have been a series of mergers, collaborations, and acquisitions, in the United States, aimed at taking advantage of the increasing adoption of digital solutions. The primary driver behind these investments has been the continuous evolution of new technologies applications, to unlock enormous volumes that were previously considered non-commercial. For instance, 7.ai partnered with Blue Prism, to deliver new AI-enabled automation capabilities, for virtual agents in digital process automation.

 

Competitive Landscape

 

The Digital Transformation In Manufacturing Market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. 

 

The companies operating in the market are also acquiring start-ups working on digital transformation in manufacturing technologies to strengthen their product capabilities. In February 2018, Fanuc Corporation acquired Life Robotics Incorporation. The acquired firm specializes in collaborative robots. The valuation of the acquired company was USD 14 million in stocks. The move is expected to assist the Company to expand its addressable market.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Introduction to Market Drivers and Restraints

4.3 Market Drivers

4.3.1 Inclination Of Manufacturers Toward Cost Efficient Processes

4.4 Market Restraints

4.4.1 Lack Of Technical Expertise

4.5 Value Chain / Supply Chain Analysis

4.6 Industry Attractiveness Porter’s Five Force Analysis

4.6.1 Threat of New Entrants

4.6.2 Bargaining Power of Buyers/Consumers

4.6.3 Bargaining Power of Suppliers

4.6.4 Threat of Substitute Products

4.6.5 Intensity of Competitive Rivalry 

5 MARKET SEGMENTATION

5.1 By Technology

5.1.1 Robotics

5.1.2 IoT

5.1.3 3D Printing and Additive Manufacturing

5.1.4 Cybersecurity

5.1.5 Other Technologies ( Big Data and Analytics, Machine Learning and Artifical Intelligence, Advanced HMI)

5.2 Geography

5.2.1 North America

5.2.1.1 US

5.2.1.2 Canada

5.2.2 Europe

5.2.2.1 Germany

5.2.2.2 UK

5.2.2.3 France

5.2.2.4 Rest of Europe

5.2.3 Asia Pacific

5.2.3.1 China

5.2.3.2 Japan

5.2.3.3 India

5.2.3.4 Rest of Asia-Pacific

5.2.4 Latin America

5.2.5 Middle East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 Kawasaki Robotics

6.1.2 Mitsubishi Electric Corporation

6.1.3 Schneider Electric SE

6.1.4 Fanuc Corporation

6.1.5 Denso Corporation

6.1.6 General Electric Co.

6.1.7 ABB Ltd

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

By Technology

Robotics

IoT

3D Printing and Additive Manufacturing

Cybersecurity

Other Technologies ( Big Data and Analytics, Machine Learning and Artifical Intelligence, Advanced HMI)

 

Geography

North America

US

Canada

Europe

Germany

UK

France

Rest of Europe

Asia Pacific

China

Japan

India

Rest of Asia-Pacific

Latin America

Middle East and Africa

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Commercial Satellite Imaging Market – Growth, Trends and Forecasts (2019 – 2024)

Information & Communications Technology Published by: Mordor Intelligence Market: Global
100 pages Published: 11-07-2019
  • Information & Communications Technology
  • Mordor Intelligence
  • Global
  • 100 pages
  • Published: 11-07-2019

Market Overview

 

The global commercial satellite imaging market was valued at USD 4.091 billion in 2018 and is expected to reach USD 7.55 billion by 2024. Overcoming the limitation of geographical reaches, satellite imaging has surpassed the use of terrestrial and aerial imagery, owing to its comprehensive coverage of the world and quick delivery of image data.

The various applications of satellite-based imaging include navigation, mapping and GIS, geo-marketing and advertising, emergency and safety, enterprise applications, sports, augmented reality/games, mHealth, personal tracking, and social networking. All these applications are being tailor-made to satisfy different needs and usage conditions. The rise of context-aware applications augmented reality apps and the increasing number of shipments of devices with location-based services are expected to further augment the market during the forecast period.

Aerial and terrestrial mapping or imaging solutions pose a significant challenge to the growth of the market studied, as they provide a higher resolution than satellite imaging. In addition, the incapability of satellites to work in adverse weather conditions, such as fog, cloud cover, and snow, also restricts the market’s growth. Aerial imaging can be carried out under cloud cover, with minor corrections to be applied post-processing. This guarantees cloud-free data delivery. Due to low altitude acquisition, aerial data does not suffer from atmospheric effects, which can impact the quality of the data in satellite imagery.

The government’s investments in satellite imaging are poised to ensure that a wide range of Australian industries has access to data, thereby helping it to mold its investments, create jobs in target regions, and increase competitiveness. The booming digital economy of Australia is expected to benefit the developed sectors, such as mining, transport, construction, aviation, and agriculture.

 

Scope of the Report

 

Commercial satellite imaging refers to the scanning of the Earth using a satellite or high-flying aircraft to obtain georeferenced data. Satellite imaging is widely being used in various applications of defense, which has been the largest application area, globally.

 

Key Market Trends

 

Military and Defense Applications Account for Significant Share

 

Military and defense applications are the largest end-user segments of commercial satellite imaging. The military and defense segment accounted for a share of over 40% of the market studied, as of 2017. The growth of the segment can be mainly attributed to security and surveillance applications, which are the core functionalities of any defense organization.

A case in point is that of Afghanistan. After 9/11, the US government did not legislate the high-resolution Ikonos satellite out of taking or releasing images of Afghanistan. Instead, all the exclusive rights of Afghanistan’s spatial data were bought by the US government, making it impossible for other countries to use commercial US imagery to survey the area.

As of 2017, only 16 satellite launches across the globe have been categorized for military operations, whereas, about 219 satellites were launched in the commercial domain. Out of all the satellites launched in the military domain, more than 43% were found to be earth/space observation satellites, whereas, more than 75% of the satellites in the commercial domain were identified as earth observation/space observation satellites (UCS Satellite Database).

Over the forecast period, increasing regulations and bills (like the American Space Commerce Free Enterprise Act of 2017, which is expected to be passed during the forecast period to provide faster licensing timeline to imaging companies) are likely to augment the quality of commercially available spatial data, thereby boosting the growth of the military and defense segment.

 

North America Region Account for the Largest Share

 

North America is expected to dominate the market studied during the forecast period, due to the highest number of researches and investments in the market, the presence of sophisticated infrastructure to undertake space programs, and earliest and highest adoption of commercial satellite imaging across various industries in the region.

Due to strong support from the federal government regarding grants to academic institutions and companies to develop highly advanced satellite imaging devices, the market studied is estimated to expand further in the region.

According to the Satellite Industry Association, the United States generated USD 110 billion in revenue from the satellite industry in 2016. This growth is estimated to continue, due to an increase in investments and applications of satellite industry services in other sectors.

The region is also actively innovating new applications for satellite imaging to solve real-life problems.

 

Competitive Landscape

 

The market is moderately fragmented, with moderate competitive rivalry. Companies operating in the market studied are players engaged in providing satellite-based imagery or solutions based on the imagery.

Competition among players in the market studied is increasing, due to the competitive strategies adopted by them. These companies strive to develop better features in their solutions to gain a competitive edge in the market studied.

Two of the key players in the industry are Digital globe Inc. and Galileo group Inc. Some of the key developments in the commercial satellite imaging market include:

Planet Labs Inc. signed a deal with Geo-Informatics and Space Technology Development Agency (GISTDA), an agency under Thailand’s Ministry of Science and Technology, to offer satellite imagery, for enabling frequent monitoring of the country. This is likely to compel other countries to utilize the company’s services, thereby boosting its growth.

Harris Corporation secured a contract from the US Air Force, to provide engineering support services for the electronic warfare (EW) systems, which are onboard the international variant of F-16. The contract was awarded during the second quarter of Harris’ financial year 2018. The company is expected to provide software updates and engineering support for its AN/ALQ-211(V)4/8/9 Advanced Integrated Defensive Electronic Warfare Suite (AIDEWS) systems that protect the fleets of F-16s from eight other countries, against evolving electronic threats.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Introduction to Market Drivers and Restraints

4.3 Market Drivers

4.3.1 Increasing Use of Mobile Devices

4.3.2 Increasing Use of Mobile Devices

4.4 Market Restraints

4.4.1 High-resolution Images Offered by Other Imaging Technologies

4.5 Value Chain Analysis

4.6 Industry Attractiveness Porter’s Five Forces Analysis

4.6.1 Threat of New Entrants

4.6.2 Bargaining Power of Buyers/Consumers

4.6.3 Bargaining Power of Suppliers

4.6.4 Threat of Substitute Products

4.6.5 Intensity of Competitive Rivalry 

5 MARKET SEGMENTATION

5.1 By Application

5.1.1 Geospatial Data Acquisition and Mapping

5.1.2 Natural Resource Management

5.1.3 Surveillance and Security

5.1.4 Conservation and Research

5.1.5 Construction and Development

5.1.6 Disaster Management

5.1.7 Defense and Intelligence

5.1.8 Other Applications

5.2 By End User Vertical

5.2.1 Government

5.2.2 Construction

5.2.3 Transportation and Logistics

5.2.4 Military and Defense

5.2.5 Energy

5.2.6 Forestry and Agriculture

5.2.7 Other End-user Verticals

5.3 Geography

5.3.1 North America

5.3.2 Europe

5.3.3 Asia Pacific

5.3.4 Latin America

5.3.5 Middle East & Africa

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 DigitalGlobe Inc.

6.1.2 Galileo Group Inc.

6.1.3 Planet Labs Inc.

6.1.4 SpaceKnow Inc.

6.1.5 SkyLab Analytics

6.1.6 Harris Corporation

6.1.7 BlackSky Global LLC

6.1.8 ImageSat International NV

6.1.9 European Space Imaging (EUSI) GmbH

6.1.10 UrtheCast Corp.

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

By Application

Geospatial Data Acquisition and Mapping

Natural Resource Management

Surveillance and Security

Conservation and Research

Construction and Development

Disaster Management

Defense and Intelligence

Other Applications

 

By End User Vertical

Government

Construction

Transportation and Logistics

Military and Defense

Energy

Forestry and Agriculture

Other End-user Verticals

 

Geography

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

We value your investment and offer free customization with every report to fulfil your exact research needs.

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