Payment made easy – Contactless Payment Card Reader

A pay card reader is a kind of device that is mainly utilized for reading debit cards and credit cards through a pin technology and magnetic band. The pay card reader device is generally connected to the smartphones through an audio jack or also through Bluetooth or NFC technology.

pay card reader market

Contactless payment systems are credit cards and debit cards, key fobs, smart cards, or other devices, including smartphones and other mobile devices, that use radio-frequency identification (RFID) or near field communication (NFC, e.g. Samsung Pay, Apple Pay, Google Pay, Fitbit Pay, or any bank mobile application that support Contactless) for making secure payments.

Some suppliers claim that transactions can be almost twice as fast as a conventional cash, credit, or debit card purchase. Because no signature or PIN verification is typically required, contactless purchases are typically limited to small value sales. Lack of authentication provides a window during which fraudulent purchases can be made while the card owner is unaware of the card's loss.

Government over the globe is endeavoring to enhance the mobile and web framework, and the interest to alter the contactless payment system is one of the noteworthy reason augmenting the pay card reader market. The expansion in number of small scales, medium-sized and large ventures is boosting the mobile payment market. The complexities related with bank systems and high exchange charges has prompted the shutdown of numerous small, medium and large organizations and are anticipating implement the card based exchange or transactions. The global pay card reader market is expected to grow at a CAGR of 44% during the forecast period (2017-2023).

Technology plays an essential role in the contactless payment transaction. Various technologies are used for connecting the pay card reader device along with the smartphone or any other portable devices including Bluetooth, near field communication technology, chip and sign, magnetic stripe, biometrics, and QR code. All these technologies mentioned above have their own particular characteristics and is used widely in different mobile-based payment procedure. EMV technology is one of the most secured technologies that is used for automated teller machines, smart card payments, and at other payment terminals. The EMV cards are also called smart card consisting of a magnetic strip which holds the data on the integrated circuits. 

Market Segmentation

The global pay card reader market is bifurcated on the basis of its application and technology. Based on its technology the market is divided into near field communication technology, Europay MasterCard Visa (EMV) Chip, and QR codes. On the basis of its application, the global pay card reader market is segmented into hospitality, healthcare, retail, transportation, entertainment, consumer utility services among others. 

Some of the Major Players

Some of the Major Players in the global pay card reader market include names like Square, Inc., Intuit Inc. (U.S.), Paypal Inc, PayAnywhere LLC (U.S.), First Data Corporation (U.S.), Paynear ONE Solutions (India), CPI Card Group Inc. (U.S.), Gemalto (Netherlands), Mahindra Comviva (India), Infineon Technologies Ag (Germany), among others.

For more information or for report request, visit @ https://www.aarkstore.com/ict/1097440/pay-card-reader-market-global-forecast-till-2022

Related Reports: Technology Market Reports

Contact Details:

Aarkstore Enterprise
+91 7710006788 | contact@aarkstore.com | aarkstore.com

3D Sensor Technology using Light Sensor

Medical imaging is highly utilized in different medical divisions including magnetic resonance imaging, radiography, nuclear medicine, elastography, ultrasound, photoacoustic imaging, echocardiography, tomography, magnetic particle imaging, and functional near-infrared spectroscopy. Numerous technological innovations like multidetector CT scanners are currently getting adopted in the 3D imaging technologies, among the radiologists and the physicians, for performing timely treatments and accurate diagnosis. The 3D imaging comes with display systems that are being highly adopted in the ophthalmology department due to the growing number of microsurgeries that are being performed. The 3D imaging is also adopted in the field of robotics, which is considered to be one of the fastest-moving applications. With the help of this, detection in the position of the 3D space objects is done.

3D sensor Market Research Report and Forecast 2023

The global 3D sensor market is expected to reach the valuation of USD 5.49 Billion by the year 2023, growing at 27.69% CAGR during the forecast period 2017-2023.


Apart from the application in the robotics, the 3D imaging systems are now targeting different applications, including product profiling, object tracking, the sheet of light applications, 3D x-ray imaging, and time-of-flight applications. Nevertheless, the growing utilization of the 3D sensing technology in different gaming applications and growing requirement for surveillance and security is enabling the growing demand for the 3D enabled devices. However, on the other hand, the increasing cost of maintenance and the complex process of device integration is expected to restrict the development of the 3D sensor market during the forecast period 2017-2023.

Market Segmentation

The global 3D sensors market is classified on the basis of its technology, application, sensors type, and regional demand. Based on its technology segment, the global market is divided into the projected light sensor, time of flight sensors, stereo-vision, and ultrasound. The 3D sensor is again divided on the basis of its application which includes industrial, logistics, automotive, aerospace and defense, healthcare, consumer electronics, and others. Based on its sensor type, the 3D sensor market is bifurcated into an acoustic sensor, the image sensor, accelerometer sensor, among others. 

Regional Analysis

Geographically, the global 3D sensors market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa. 

Major Players

The prominent industry players in the 3D sensor market are – Cognex Corporation (U.S), Qualcomm, Inc. (U.S), Microsoft Corporation (U.S), Intel Corporation (U.S), PMD Technologies AG (Germany), ASUSTek Computer Inc, (Taiwan), Infineon Technology (Germany), Occipital, Inc. (U.S), Microchip Technology (Chandler, Arizona), LMI Technologies (Canada), among others. 

For more information or for report request, visit @ https://www.aarkstore.com/ict/1097437/global-3d-sensor-market-forecast-2023

About Aarkstore Enterprise:

Aarkstore Enterprise is one among global marketing research companies dealing in the resale of market reports across different industries and countries. Serving thousands of clients annually with syndicated, custom market research and consulting. Clients from all sectors, including public, private, and commercial are endowed with best data modeling and processing structures with custom reports.

Related Reports: Technology Market Reports

Contact Details:

Aarkstore Enterprise
+91 7710006788 | contact@aarkstore.com | aarkstore.com

Industrial Internet of Things - IIOT Industry Growth

The global industrial IoT market has been witnessing a huge growth over the last few years. The factors responsible for the growth of industrial IoT include increasing adoption of cloud computing in the industrial sector, growth in IoT and heavy automation and industrialization. However, security & privacy issues and data management are restraining the market for industrial IoT on a global scale. 

The global industrial IoT market is expected to reach approximately USD 751.3 billion by 2023, growing at a CAGR of 23.88% from 2017 to 2023.

Market Segmentation: The market is divided into various segments based on component, deployment, connectivity, and end-user.

By component the global industrial IoT market is segmented into hardware, software and service. Software is expected to be the fastest growing segment during the forecast period with a CAGR of 25.65%. Software plays a major role in the development of industrial IoT systems. Every component which is integrated or deployed in the organization for various applications needs to relate to an information grid to exchange information. The software deployed at various levels of the information grid does the work of collecting, analyzing, and interpreting the raw data provided by different components of the system. Software is a necessary and irreplaceable element of every industrial IoT system. The hardware segment is expected to have the highest market share by component during the forecast period. Internet of things is a web of software and hardware devices in a connected environment where the exchange of information takes place to achieve the highest level of accuracy. Increasing number of connected devices, increasing capabilities of hardware components, and maximum utilization of available resources are some of the major factors fueling the hardware market segment

The hardware segment is further segmented into sensors and RFID, industrial robotics, smart meters, camera systems, 3D printing, flow and application control devices, distributed control systems, and others. Industrial robotics sub-segment is expected to be the fastest growing segment under hardware during the forecast period with a CAGR of 26.2%. Robots play a crucial role in any manufacturing process. These machines are vital to the manufacturing processes of complex equipment and devices such as semiconductors, automotive, and healthcare equipment. Such processes require high degrees of efficiency with negligible product defects. Sensors and RFID are expected to have the largest market share in the hardware segment during the forecast period. Sensors & RFID are the key constituents of Industrial Internet of Things. Many companies have already started deploying IoT enabled sensors in their organizations. These sensors help to distribute accurate and reliable data which plays major role in automation, monitoring systems, and effective operation.

The software segment is further segmented into manufacturing execution system (MES), product lifecycle management (PLM) systems, SCADA systems, distribution management system, retail management software, and others. MES segment holds the largest market share and is expected to grow with a CAGR of 29.08% during the forecast period. Industrialization and integration of connectivity in the manufacturing industry are some of the key drivers for the market.

By deployment, the global industrial IoT market is segmented into on-cloud, on-premise, and hybrid. A hybrid subsegment is expected to grow at the fastest rate with a CAGR of 26.26% during the forecast period. Some companies which require an extra level of security or deal with sensitive data, are reluctant to upload data on cloud and prefer on-premise solutions where it can customize the security and other aspects based on consumer requirements. On-cloud segment accounts for the highest market share by deployment during the forecast period. Easy accessibility to the data and information, easy sharing, low cost, and growing application scope are some of the major driving factors supporting the market growth. The rise in implementation of connected devices and the Internet of Things has facilitated cloud computing.

By connectivity, the global industrial IoT market is segmented into wired and wireless. Wired segment is expected to have the highest market share by connectivity during the forecast period. The growth of cloud computing and integration of new products and services have affected the demand for wired connectivity systems, but these are still in demand among end-users. The demand for wired connectivity is majorly driven by the need for reliable, fast, and secure connections. Wired connectivity is also important whenever the company deals with large-scale operation centers. Wireless segment is expected to grow at the fastest rate during the forecast period at a CAGR of 26.12%. In the last couple of years, wireless connectivity market has seen a rapid increase in demand. A wide application area and some advantages over wired connectivity including flexibility and portability of connected devices are some of the major factors driving the growth of wireless connectivity.

By end-user the global industrial IoT market is segmented into IT & telecommunication, manufacturing, healthcare, retail, oil & gas, energy & power, automotive, and others. Manufacturing segment is expected to have both the highest and the fastest growing market segment by end-user at a CAGR of 27.94% during the forecast period. Growing population has led to an increase demand for products, which in turn has saturated the manufacturing industry. To meet the growing demand, the need of efficient manufacturing system has become mandatory which can only be achieved by integration of latest technologies including the Internet of Things with the manufacturing process.

Key Players

The key players of industrial IoT market include General Electric Company (US), Siemens AG (Germany), Cisco Systems (US), IBM Corporation (US), Rockwell Automation, Inc. (US), AT &T Inc. (US), Accenture Plc. (Ireland), Huawei Technologies Co. Ltd. (China), Robert Bosch GmbH (Germany), and Intel Corporation (US).

Global Industrial IoT Market Analysis & Forecast, from 2017 to 2023

• To provide a detailed analysis of the market structure along with a forecast of the various segments and sub-segments of the industrial IoT market.
• To provide insights into factors affecting the market growth.
• To analyze the industrial IoT market based on Porters five force analysis.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries— North America, Europe, Asia-Pacific, and the rest of the world.
• To provide country-level analysis of the market with respect to the current market size and future perspective.
• To provide country-level analysis of the market for a segment on the basis of component, deployment, connectivity, end-user and region.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the industrial IoT market.

Target Audience

• Software Development companies
• Application development companies
• Companies dealing with IoT
• Sensor Manufacturers
• Electronic Manufacturing Companies and Suppliers
• Research Institutions
• Government
• Network infrastructure integrators

Key Findings

• The global industrial IoT market is expected to reach 751.3 billion by 2023.
• By component, hardware led the market, generating the highest revenue of USD 89 billion in 2017 and is expected to grow at 23.04% CAGR. Hardware segment is also expected to hold the highest revenue in 2023.
• By deployment, the on-cloud segment led the market, generating the highest revenue of USD 98.7 billion in 2017 and is expected to grow at 24.17% CAGR. On-cloud segment is also expected to hold the highest revenue in 2023.
• By connectivity, wired was leading the market by generating the highest revenue of USD 120.7 billion in 2017 and is expected to grow at 22.13% CAGR.
• By end-user, manufacturing market segment was leading the market by generating the highest revenue of USD 50.6 billion in 2017 and is expected to be the fastest growing market growing at a 27.94% CAGR.
• Geographically, Asia-Pacific has been projected to hold the largest market share in the global industrial IoT market followed by North America. Asia-Pacific is also expected to be the fastest growing region for industrial IoT market with a CAGR of 28.48%.

Regional and Country Analysis of Industrial IoT Market Estimation and Forecast

Geographically, Asia-Pacific is dominating the industrial IoT market due to large-scale industrialization in countries including China, India, and Japan. Asia-Pacific is also the fastest growing region, accounting for a 40.05% share of the overall market where major contribution is witnessed from countries like China and Japan, due to increasing adoption of advanced IoT technologies like cloud robotics in various industries and improvement in network infrastructure. 

For more information or for report request, visit @ https://www.aarkstore.com/semiconductors/990103/global-industrial-iot-market-research-report-forecast

About Aarkstore Enterprise:

Aarkstore Enterprise is one among global marketing research companies dealing in the resale of market reports across different industries and countries. Serving thousands of clients annually with syndicated, custom market research and consulting. Clients from all sectors, including public, private, and commercial are endowed with best data modeling and processing structures with custom reports.

Related Reports: Technology Market Reports

Contact Details:

Aarkstore Enterprise
+91 7710006788 | contact@aarkstore.com | aarkstore.com

Construction Software for virtual construction facility

Construction Software Market Research Report, Forecast 2017-2023

Construction software is a set of programs that enable the creation of vector-based representation in 3D formats for construction projects such as buildings, railways, and roads. It is a digital database solution used to capture, manage, and present building information models and provide flexibility to modify or change building design throughout the project lifecycle. Construction software is a kind of virtual construction facility that offers a simulation of the actual physical construction on a smart device such as a tablet, smartphone, or wearable.

construction software market 

The global construction software market is expected to reach a value of approximately USD 2715.6 million by 2023 at a CAGR of 8.8% from 2017 to 2023.

Market Segmentation: The market has been divided into various segments based on product, application, and region.

By product, the global construction software market has been segmented into cloud-based, on-premise, and web-based. The cloud-based software segment is expected to be the fastest-growing during the forecast period at a CAGR of 10.5%. One of the rising trends in Industry 4.0 is the adoption of the cloud in different industrial verticals. The cloud is capable of running large applications without the need for a supercomputer or data center. The cloud applications are powerful and scalable and are flexibly priced to attract various enterprises. Several large enterprises such as Oracle Corporation and Sage Group PLC offer construction software over the cloud as it enhances performance and cost efficiency of the system.

Based on application, the global construction software market has been classified as general contractors, building owners, independent construction managers, and sub-contractors. The independent construction managers segment is expected to grow at the fastest rate registering a CAGR of 10.6% during the forecast period. Construction software offers a 3D visual representation to plan, design, and collaborate during the construction lifecycle. The key feature of construction software is integration. It helps in connecting sub-contractors with designers and provides an accurate visual representation for the sub-contractor to validate costs and manage risks.

Key Players

The Key Players in the global construction software market include Sage Group PLC (UK), Oracle Corporation (US), Trimble Inc. (US), Constellation Software Inc. (Canada), Comprotex Software Inc. (US), BuilderTREND (US), BuilderMT (US), iSqFt (ConstructConnect) (US), Procore Technologies Inc. (US), and Turtle Creek Software (US).

Global Construction Software Market Analysis & Forecast, 2017 to 2023

• To provide a detailed analysis of the market structure along with a forecast of the various segments and sub-segments of the global construction software market.
• To provide insights into factors affecting market growth.
• To analyze the global construction software market based on Porters Five Forces analysis.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main regions and countries—North America, Europe, Asia-Pacific, and the rest of the world.
• To provide country-level analysis of the market with respect to the current market size and future perspective.
• To provide country-level analysis of the market for a segment on the basis of product, application, and region.
• To provide strategic profiling of Key Players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers & acquisitions, new product developments, and research and development in the global construction software market.

Target Audience

• Software Developers
• End Users
• Builders
• Technology Innovators
• Researchers
• Distribution Vendors
• Governments

Key Findings

• The global construction software market is expected to reach USD 2715.6 million by 2023.
• By product, the cloud-based software segment led the market, generating the highest revenue of USD 509 million, in 2017 and is expected to register a 10.5% CAGR during the review period. The cloud-based software segment is also expected to account for the highest revenue by 2023.
• Based on application, the general contractors segment led the market with the highest revenue of USD 511 million in 2017; it is expected to register an 8.1% CAGR during the forecast period and be the largest market by 2023.

Regional and Country-Level Analysis

Geographically, North America dominated the global construction software market with a market share of USD 519.2 million in 2017; the regional market is projected to exhibit a CAGR of 10% during the forecast period. Europe is expected to be the fastest-growing regional market and was the second-largest market in 2017 valued at USD 460.2 million.

The report on the global construction software market also covers the following country-level markets

For more information or for report request, visit @ https://www.aarkstore.com/ict/1038997/global-construction-software-market-research-report-forecast-till-2023

About Aarkstore Enterprise:

Aarkstore Enterprise is one among global marketing research companies dealing in the resale of market reports across different industries and countries. Serving thousands of clients annually with syndicated, custom market research and consulting. Clients from all sectors, including public, private, and commercial are endowed with best data modeling and processing structures with custom reports.

Related Reports: Technology Market Reports

Contact Details:

Aarkstore Enterprise
+91 7710006788 | contact@aarkstore.com | aarkstore.com

Why is wearable technology important?

Wearable Technology Market: 2018 – 2030 – Opportunities, Challenges, Strategies, Industry Verticals, and Forecasts

While wearable technology market has been utilized in vertical sectors such as the military and healthcare industries for many years, ongoing advances have triggered a major resurgence of the concept, particularly among the consumer community. Key enabling technologies including low-cost sensors, wireless connectivity, active materials, and energy have converged to make wearable technology market sector.

Global Sterility Testing Market Research Report and Forecast 2023 

Wearable Technology Market Research Reports and Forecast 2030

With the continued miniaturization of enabling technologies, wearable devices have hit the mass market in a diverse variety of form factors – ranging from smartwatches and fitness trackers to smart glasses to hearable.

Driven by the ability to interconnect with key modern trends of healthcare, fitness, messaging and socialization, the wearable technology market is attracting significant levels of interest. Companies, as varied as smartphone OEMs, mobile operators, health insurers and retailers, are circling the ecosystem alongside tiny startups, all vying for a stake.

The wearable device shipments will grow at a CAGR of approximately 22% between 2018 and 2021.

By the end of 2021, wearable devices will represent a market worth $45 Billion with over 250 Million annual unit shipments.

The “Wearable Technology Ecosystem: 2018 – 2030 – Opportunities, Challenges, Strategies, Industry Verticals & Forecasts” report presents an in-depth assessment of the wearable technology market including market drivers, challenges, enabling technologies, consumer and enterprise applications, key trends, case studies, opportunities, future roadmap, value chain, ecosystem player profiles, vendor market share and strategies. The report also presents forecasts for wearable device shipments and revenue from 2018 through to 2030. The forecasts cover 9 device form factor submarkets, 7 vertical markets, 6 regions and 73 countries.

For more information or for report request, visit @ https://www.aarkstore.com/technology/926130/wearable-technology-ecosystem-20182030-opportunities-challenges-strategies-industry-verticals-forecasts

Related Reports: Technology Market Reports

Contact Details:

Aarkstore Enterprise
+91 7710006788 | contact@aarkstore.com | aarkstore.com

Iris Recognition - Technology Trend

Global Iris Recognition Market - Size, Share, Industry Analysis, and Forecast 2022 

The iris recognition can identify suspect with 100% accuracy as it captures an image of the unique structure of an iris and authenticates it with a unique code which is very difficult to crack by any hacker. The structural formation of the human iris is fixed after the first year of life and remains constant through a lifetime. The high demand for advanced surveillance systems, growing smartphone market and increasing IOT market has attracted biometric products and service providers to implement a high-tech biometric feature such as iris recognition into smart devices. 

Iris recognition industry report 2022

The Iris recognition market is driven by the need for a sophisticated security system. As Iris recognition technology is used in security systems to detect suspects, therefore it has significant demand in various industries such as government, BFSI, consumer electronics, healthcare, and others.
By component, the iris recognition market is segmented as hardware and software. The hardware components include scanners, cameras, handheld devices, integrated devices, and others. The software components consist of SDKs and APIs for iris recognition. Various major players such as Iris ID, IriTech, Inc. CMITech company and many others offer a wide range of products including high-end hardware and software.

The global iris recognition market is expected to reach USD 1801.29 Million by 2022.

The high demand for advanced surveillance systems, growing adoption of smartphones and increasing IOT market has attracted biometric products and service providers to implement high-tech biometric features such as iris recognition into smart devices. The iris recognition market by product is segmented into personal computers or laptops, smart watches, and smartphones among others. Personal computers or laptops are highly adopted in education, corporates, and law enforcement agencies worldwide to perform operations such as crime investigation, access control, time & attendance management, visitor data management, and many others. Furthermore, the growing technological advancements result in the deployment of iris recognition feature into smartphones and smartwatches.

The global iris recognition market was valued at USD 525.91 Million in the year 2016, which is expected to reach USD 1801.29 Million by the end of the forecast period growing at 22.78% CAGR.

Key Players

The key players of Iris Recognition Market 3M Cogent Inc., Safran S.A., Cross Match Technologies Inc., Iris ID, Inc., IriTech, Inc., Eye Lock, CMITech Company, Ltd., Irisys Co., Ltd., Princeton identity and IBM Corporation among others.

Key Highlights

• To provide a detailed analysis of the market structure along with a forecast for the next ten years of the various segments and sub-segments included in global iris recognition market with analysis of its development and demand in the market.
• Upcoming technologies, high growth geographies, and countries were identified.
• Regional and country-specific demand and forecast for iris recognition were studied.
• Key segments covered in the report are: components, product, application, and end-user.
• The unit breakdown for all different classification was finalized; and same was referred for forecasting, keeping few assumptions into factor. 
• For all the regions, forecast demand for all applications was identified, and then with a historical figure, data collected through primary and annual reports were triangulated to derive the regional market size.
• The historical trend is identified to forecast and estimate the future value data.

Target Audience

• Technology investors
• Government agencies
• Hardware manufacturers
• Software manufacturers
• End-users
• Security providers
• Research/Consultancy firms

Key Findings

• The global iris recognition market is expected to reach USD 1801.29 Million by 2022.
• By component, the solution segment in iris recognition accounts for the largest market share and is growing with approximately 21.14% CAGR during the forecast period.
• By Product, PC & Laptop sub-segment holds the largest market, growing with approximately 23.08% CAGR by the end of forecast period. 
• Geographically, North America region has been projected to have the largest market share in global iris recognition market followed by Europe region. 

Regional and Country Analysis of Iris Recognition Market Estimation and Forecast

The regional analysis of iris recognition market is being studied for regions such as Asia Pacific, North America, Europe and the Rest of the World. North America region holds the highest market share in the iris recognition market owing to the early adoption of iris recognition system at U.S. and Canadian airports. Asia Pacific region is estimated to be the fastest growing in the iris recognition market owing to the successful implementation of an iris recognition system for child trafficking.

The reports also cover country-level analysis:

• North America: US, Canada, Mexico, and Others.
• Europe: Germany, UK, France, Spain, Italy, and Rest of Europe.
• Asia – Pacific: China, India, Japan, and  Rest of Asia Pacific.
• Rest of the World
• Middle East & Africa
• Latin America

Category: Technology Market Research Reports

Contact Details:

Aarkstore Enterprise
+91 7710006788 | contact@aarkstore.com | aarkstore.com

Evaporative Air Coolers !

India Evaporative Air Cooler Market Outlook, 2022

The report gives a comprehensive analysis of the evaporative air cooler industry in India. This industry is constantly evolving with the advent of new players along with existing established companies foraying into this space. A few years ago, the air cooler market was majorly dominated by the unorganized players as spending too much on air coolers wasn't considered necessary. Also, these products were not ranked very high on the consumer's priority list, plus the only thing that was required from an air cooler was superior cooling and that could be achieved with a simple evaporative air cooler priced at between INR 2500 and INR 3500. The scenario of unorganized players overpowering the organized ones has finally changed in 2016. The temperature rise happening every year is impossible to live in with just an electric fan, therefore new and trendy air coolers are the go-to option. Also, consumer spending is increasing which has positively affected the lifestyle of people in India, creating massive demand for evaporative air coolers.

Evaporative Air Cooler Industry Analysis in India

According to "India Evaporative Air Cooler Market Outlook, 2022", a lot of new players have entered in the air cooler space such as Vego, Hindware, Voltas, Cello and many more. Cello introduced a new range of air coolers by leveraging its long background in high-quality plastic and polymers. The evaporative air coolers of Cello, designed for today's generation are manufactured by Wim Plast Ltd., a subsidiary of Cello group. HSIL Limited, promoters of brand Hindware, recently forayed into the air cooler market by launching its latest line of air coolers with changeable colorful front panels under their brand Hindware Snowcrest. Vego has had more than 4 decades of experience in various industries like export, imports, raw material processing, plastic molding, OEM manufacturing of apparels & garments and also a strong foothold in the real estate business. Currently, the air cooler market has a very low penetration rate in the country; still, it is witnessing tremendous growth in the volumes sold every year.

Air coolers have proved to be one of the superior alternatives to air conditioners (lower life-cycle cost and enhanced flexibility). Rising prosperity and increasing environmental consciousness are likely to generate attractive air cooler market growth over the foreseeable future. The Government of India launched an initiative of Make in India in 2015 that paved the way for air cooler manufacturers to produce their products locally. While this development no doubt gives a major incentive to global as well as in-house air cooler manufacturers, there are many benefits associated with ‘making in India’ that can add greater value to the entire business chain. One of the most important factors that have traditionally influenced the country’s evaporative air cooler market has been the value-for-money mindset of the Indian consumer. With consumers wanting the best of any evaporative air cooler at the most budget-friendly prices, manufacturing in India is helping OEMs cut down their manufacturing costs. Not only will India-based manufacturing unlock access to cheaper labor and raw materials, but also evade the need to pay customs duty each and every time. This is a great step by the Government towards the growth of the economy as a whole as well as growth in different sectors, evaporative air coolers in this case.

Category: Technology Market Research

Contact Details:

Aarkstore Enterprise
+91 7710006788 | contact@aarkstore.com | aarkstore.com

Security with IP Video Surveillance

IP video surveillance is defined as a combination of networked and digitized video surveillance monitoring or referred as a digitized and networked form of closed circuit television (CCTV). IP video surveillance is designed to provide access to the video content from any place at any given time. It enables to monitor the videos remotely by the physical security staff or law enforcement personnel. The rising criminal activities and increasing awareness regarding the benefits of IP systems and the technological advancement are the major factors fuelling the growth of IP video surveillance market.

Video Surveillance or CCTV Market Analysis

An IP video surveillance system comprises three primary devices IP camera, monitor, and a storage system. IP camera is an essential part of an IP video surveillance that is used for capturing videos. These cameras are attached to encoders and analog gateway network modules for sharing and routing the content on the surveillance network. Video inputs, a video decoder, an audio codec, display & motion controllers, and video compression/decompression are the different parameters contributing to the final visual outcome of IP surveillance. IP cameras are capable of offering efficient network consumption and high-quality video.

IP video surveillance is used in a variety of applications. The end-user segment consists of various industry verticals such as banking and finance, government, manufacturing, healthcare, retail, and others. Features such as high definition video and high megapixel resolution are fuelling the demand for IP video surveillance system in various industrial verticals. Traffic and parking monitoring, public and vehicle safety, event security, and employee safety are some other applications of IP video surveillance.

Banking and finance sector is an early adopter of the IP video surveillance system. Security plays a prominent role in the BFSI sector and requires a pro-active and well-integrated security system. IP surveillance systems benefit banking enterprises on a colossal scale through proactive security, centralized monitoring, and control along with cost saving on bandwidth and storage. IP video cameras are capable of preventing and targeting fraud, skimming and tracking crimes with high-quality video evidence and intelligent software tools.

Key Points

• To provide a detailed analysis of the market structure, along with the forecast of the various segments and sub-segments of the IP video surveillance market
• To provide insights into factors affecting the market growth
• To analyze the IP Video Surveillance market based on Porters five force analysis 
• To provide historically and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia Pacific, and Rest of the World
• To provide country-level analysis of the market with respect to the current market size and prospects
• To provide country-level analysis of the market for a segment on the basis of component and application.
• To provide strategic profiling of Key Players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments, such as joint ventures, strategic alliances, mergers & acquisitions, new product developments, and research & developments in the IP video surveillance market.
• Key Findings
• The global IP video surveillance market is expected to reach USD 25.46 billion by 2023
• By component, hardware segment has dominated the market in 2016 and is estimated to grow with a rate of 11.4% CAGR
• By application, the retail segment dominated the market in 2016 and is estimated to grow with a rate of 13.9% CAGR
• Geographically, North America region has been projected to hold the largest market share in global IP video surveillance market, followed by Europe and the Asia Pacific, respectively.

Regional Analysis of IP Video Surveillance Market Estimation and Forecast

The global IP video surveillance market is estimated to grow at a promising rate in the upcoming years. North America is expected to account for the largest market share, owing to the increasing adoption of new technological solutions, increasing competition among IP camera vendors, increasing demand for security and increasing disposable income. However, the Asia Pacific region is also expected to grow considerably over the forecast period, 2017-2023. The reason is attributed to technological developments, the need for better picture quality and growing security concerns and demand for better monitoring devices. 

Category: Technology Market Research

Contact Details:

Aarkstore Enterprise
+91 7710006788 | contact@aarkstore.com | aarkstore.com

Home Automation – The next generation Smart Homes

The Smart Home market in India has been witnessing tremendous growth in terms of value as well as volume. Home automation has been considered as a business of rich people a few years back and it was all true as the cost of automation was not at all suitable to the pockets of large population in the country. However, even for the people who could have easily afforded the automation solutions, adoption ratio was negligible. The situation has turned around completely and over the last few years, a trend of automation is taking place in the country. With the increasing need for comfort and ease along with rising disposable incomes of people living in metro cities, the market for smart homes has been on the growth path.

Home Automation Market in India

According to "India Smart Home Market Outlook, 2021" the smart home market in India has grown significantly in the last three years starting from 2014 to 2017. The smart home market which consists of mainly three segments – Commercial, Hospitality and Residential – has seen a higher adoption ratio of automation in the hospitality sector. The reason is obvious that premium hotels need to provide sophisticated luxuries to their customers. Though the share of the commercial segment is very less, it has registered highest growth in the last few years. The residential market on other hand is moving in the upward direction with a standard pace. The other good thing that has happened to the market is the introduction of retrofit automation solutions. Previously, the major drawback for the residential segment was the high price of automation solutions which have now drastically come down with retrofit solutions being available at a price at as low as Rs. 3600.

Moreover, in the metro and tier-I cities, the new housing schemes are being developed with home automation systems enabled as per the customer’s requirement. Both the hospitality as well as the residential market for automation is likely to increase in the future. Control4, Crestron and Lutron GL are amongst the top manufacturers providing automation devices in India. The retrofit solutions are majorly being offered by the bunch of start-ups which have established in the last two years. Silvan Labs, Inoho and Pert are amongst the top automation startups in India. The residential smart home market is expected to grow robustly in the forecasted period, on a condition that awareness for the same should be brought amongst the citizens.

Key Segments

• Residential Smart Home
• New/Entire Home Automation
• Retrofit Home Automation
• Hospitality Smart Home 
• Hotel Exterior & Lobby Market
• Hotel Rooms
• Commercial Smart Home

Key Categories

• Lighting
• Blinds
• Hubs/Server
• Entertainment (Audio/Video)
• Security/Access
• Energy Management
• Others

This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Report Methodology

The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of automation solution providers in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

Category:  Technology Market Reports

Contact Details:

Aarkstore Enterprise
+91 7710006788 | contact@aarkstore.com | aarkstore.com

Healthy benefits of MHealth!

A key enabler in the digital transformation of the healthcare industry, mobile healthcare or mHealth – refers to the use of mobile connectivity and associated technologies across the healthcare continuum. Healthcare providers and payers are increasingly embracing mHealth as a means to enhance care coordination, maximize outreach, boost patient engagement and improve outcomes while minimizing costs.

mHealth - Mobile Healthcare Market Trends by Aarkstore Market Research

mHealth also offers a wealth of opportunities to the pharmaceutical industry, ranging from accelerated clinical trial innovation and medication adherence monitoring to securing the supply chain and combating counterfeit drugs. In addition, with the increasing prevalence of mobile apps that provide therapeutic impact, the digital therapeutics space is beginning to emerge, which may one-day rival mainstream pharmaceuticals in areas such as chronic disease care.

The report presents 

• In-depth assessment of the mHealth ecosystem including market drivers.
• Challenges
• Enabling technologies
• Applications
• Key trends
• Standardization
• Regulatory landscape
• Case studies
• Opportunities
• Future Roadmap
• Value chain
• Ecosystem player profiles 
• Strategies. 

The report also presents forecasts for mHealth investments from 2018 to 2030. 

The forecasts are segmented for 5 submarkets, 29 use case categories, 5 ecosystem player categories, 6 geographical regions, and 34 countries.

Category: Technology Market Research Reports

Contact Details:

Aarkstore Enterprise
+91 9987295242 | contact@aarkstore.com | aarkstore.com

Wireless architecture shifts gear!

The term Wireless Network Infrastructure has conventionally been associated with macrocell RAN (Radio Access Network) and mobile core segments of mobile operator networks. However, the scope of the term is expanding as mobile operators increase their investments in Heterogeneous Network or HetNet infrastructures such as small cells, carrier Wi-Fi and DAS (Distributed Antenna Systems), to cope with increasing capacity and coverage requirements.

Wireless Network Infrastructure - Telecommunication Industry Analysis

Mobile operators are keen to shift towards a C-RAN (Centralized RAN) architecture, which centralizes baseband functionality to be shared across a large number of distributed radio nodes. In comparison to standalone clusters of base stations, C-RAN provides significant performance and economic benefits such as resource pooling, multi-cell coordination, network extensibility, and energy efficiency.

The report covers the following topics: 

• Up-to-date coverage of market dynamics allowing wireless network infrastructure vendors to analyze opportunities and challenges of selling to mobile operators in different regional markets.
• Analysis of demand and supply of wireless network infrastructure including forecasts of investment trends, technology requirements and deployment strategies for the antenna, RAN, mobile core, backhaul, and fronthaul deployments.
• Review of mobile operator CapEx commitments, subscriptions, traffic projections and service revenue, by technology and region.
• Market outlook for key technologies including LTE-Advanced Pro, VoLTE, LTE Broadcast, Cloud RAN, unlicensed and shared access small cells, and 5G NR.
• Industry roadmap and value chain.
• Profiles and strategies of over 550 ecosystem players including wireless network infrastructure vendors and enabling technology providers.
• Vendor market share for macrocell RAN, small cells, C-RAN, DAS, carrier Wi-Fi, mobile core, backhaul, and fronthaul.
• Market analysis and forecasts from 2017 till 2030.

Market forecasts are provided for each of the following submarkets and their subcategories:

• Standalone Macrocell RAN
• Air Interface Technology Segmentation
• Mobile Core
• Technology Segmentation
• Small Cells
• Deployment Model Segmentation
• RAN Architecture Segmentation
• Use Case Segmentation
• Cell Size Segmentation
• Small Cell Backhaul
• Carrier Wi-Fi
• Submarket Segmentation
• Integration Approach Segmentation

Regional Markets

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

Key Findings 

• Despite a rapid and persistent decline in standalone macrocell RAN infrastructure spending, SNS Research estimates that the wireless network infrastructure market will grow at a CAGR of 2% between 2017 and 2020. 
• Driven by investments in HetNet infrastructure and 5G NR rollouts – beginning in 2019, the market is expected to be worth $56 Billion in annual spending by 2020, up from $53 Billion in 2017.
• By the end of 2020, C-RAN, small cells, DAS and carrier Wi-Fi, together with their fronthaul and backhaul segments, will account for more than 45% of all wireless network infrastructure spending.
• With LTE availability increasing worldwide and ongoing upgrades to deliver multi-hundred Megabit and Gigabit-grade services, we estimate that LTE, LTE-Advanced and LTE-Advanced Pro networks will generate more than $950 Billion in annual service revenue by 2020.
• Newmarket players are beginning to emerge as mobile operators accelerate their transition to the virtualized network infrastructure. For example, Mavenir Systems merger with C-RAN specialist Ranzure Networks and its subsequent acquisition of Brocades virtualized mobile core business, has positioned the company as an end-to-end provider of 5G-ready mobile network solutions.

Category: Technology Market Research Reports

Contact Details: 

Aarkstore Enterprise
+91 9987295242 | contact@aarkstore.com | aarkstore.com