Wednesday, July 28, 2021

Soil Moisture Sensor Market Size Worth $433.3 Million By 2025

The global soil moisture sensor market size is estimated to reach USD 433.3 million by 2025, growing at a CAGR of 14.0% from 2019 to 2025, according to the new report conducted by Grand View Research, Inc. The soil moisture sensor measures the volumetric water content in the soil. Increasing adoption of the device across sports and agricultural sectors for ensuring requisite water content level in fields/turfs is driving the market growth worldwide. The device plays a crucial role in the afore-mentioned sectors as water infiltration depends on the soil moisture. This, in turn, is driving demand for water content meter for consistent monitoring. Thus, rising concern about land condition is anticipated to drive the growth of the market.

Furthermore, increasing demand for soil-water measuring device owing to water scarcity and resulting challenges with respect to water conservation is triggering the market growth. Moreover, the advancements in technology, leading to the introduction of wireless sensors that help end-users provide accurate, real-time measurements from a remote location, are anticipated to drive market in the coming years.

North America dominated the market in 2018. The region is house to a large number of product manufacturers. Asia Pacific is projected to exhibit a CAGR of over 15.0% between 2019 and 2025. Changes in climatic conditions have had an adverse impact on agricultural conditions in the region. The resulting need to monitor water content in agricultural land on regular intervals is driving the adoption of moisture monitoring devices, especially among farmers in the region.

The industry participants in the region are making significant investments. South America is expected to register considerable growth in the coming years owing to increasing use of the moisture monitoring devices to prevent soil degradation and achieve optimum consumption of water resources. The main cause of degradation in the region includes water erosion, deforestation, and intense application of agrochemicals.

The prominent players operating in the market include The Toro Company (U.S.); Campbell Scientific Inc. (U.S.); IMKO Micromodultechnik GmbH (Germany); Delta-T Devices Ltd (U.K.); Irrometer Company, Inc. (U.S.); and E.S.I. Environmental Sensors Inc. (Canada).

Full Research Report On Soil Moisture Sensor Market Visit Here: https://www.grandviewresearch.com/industry-analysis/soil-moisture-sensors-market

Soil Moisture Sensor Market Report Highlights

  • Increasing adoption of farm mechanization practices is propelling the demand for soil-water measuring devices in the agricultural sector
  • Adoption of volumetric soil moisture sensor was highest in 2018 due to demand from multiple segments including sports, agriculture, and weather forecasting
  • North America accounted for the largest market share in 2018. This can be majorly credited to the assistance provided by the U.S. Government to farmers for the adoption of state-of-the-art agriculture technology. In addition, in November 2016, the Canadian government invested USD 425,000 in Clean Seed Agricultural Technologies Ltd. to enhance and commercialize precision agriculture technology
  • Europe is expected to register strong growth during the forecast period owing to the increasing adoption of GIS-based sensors, especially in the agriculture sector
  • Some of the key market players are Sentek (Australia); METER Group, Inc. USA (U.S.); Acclima Inc. (U.S.); Plaid Systems; and Stevens Water Monitoring Systems Inc. (U.S.).

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Tuesday, July 27, 2021

Insurance Analytics Market Driven By Rising Adoption Of Advanced Analytics Techniques

The global insurance analytics market size is expected to reach USD 18.3 billion by 2027, registering a CAGR of 11.7% from 2020 to 2027, according to a new report by Grand View Research, Inc. Rising use of big data and artificial intelligence (AI) by insurance organizations to automate decision-making process and customer targeting is anticipated to propel the market growth. Furthermore, increasing usage of smartphones and growing demand for digitalization across organizations to streamline their operations is expected to propel the demand for insurance analytics in the market.

Emergence of internet and social media along with increased affordability of storage systems has led to assimilation and generation of the large amount of unstructured data. Insurance companies today, are watching out for intends to effectively use the available information for better decision-making. The analytics solution helps the insurance organizations to predict the expected cost of insurance related with the coverage, enhance risk assessment process, and allow organization to prevent and detect fraudulent activities.

Rising adoption of machine learning and AI in developing insurance analytics tools is gaining popularity across the globe as it offers security control and real-time intelligence with enhanced user experience. Furthermore, increasing adoption of IoT insurance as it increases customer satisfaction, mitigate risks, and lower costs is expected to drive the market growth. Insurance organizations focus on prioritizing technology investments to analyze and gain new insights from customer data, which allow organizations to offer better services to their clients.

Vendors focus on expanding their capabilities in insurance offerings through merger & acquisitions and new product development. For instance, in January 2018, Sapiens International acquired KnowledgePrice, a provider of digital consulting services to insurers. The acquisition helped the former company to expand its capabilities in digital customer services for insurers.

Full Research Report On Insurance Analytics Market Visit Here: https://www.grandviewresearch.com/industry-analysis/insurance-analytics-market

Insurance Analytics Market Report Highlights

  • The service segment is expected to register the fastest growth from 2020 to 2027 due to rising demand for analysis and protection of critical data, and professional guidance for new technologies
  • The customer management & personalization segment is anticipated to register the fastest CAGR over the forecast period on account of rising adoption of advanced analytics techniques and data-driven decision-making process
  • Cloud deployment is anticipated to be the largest as well as the fastest segment from 2020 to 2027
  • The Small & Medium Enterprises (SME) segment is expected to have the highest CAGR over the forecast period due to increasing number of SMEs and growing demand for customer-centric insurance policies
  • The third-party administrators, brokers, & consultancies segment is expected to register fastest growth over the forecast period due to rising number of online channels and growing awareness about the investment market
  • North America was the dominant region in 2019 and is anticipated to retain its leading position over the next eight years
  • The key players in the insurance analytics market include Oracle Corporation; Microsoft Corp.; OpenText; Verisk Analytics, Inc.; PEGASYSTEMS INC.; Tableau Software, LLC; Hexaware Technologies; MicroStrategy Incorporated; Sapiens International; and LexisNexis Risk Solutions

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

Analytics as a Service Market Size, Share, Future Growth & Trends

The global analytics as a service market size is expected to reach around USD 29.7 billion by 2027, registering a CAGR of 25.9% from 2020 to 2027, according to a new study conducted by Grand View Research, Inc. The growth is driven by the rising need among enterprises to adopt advanced analytical capabilities with minimum investments on infrastructure. Moreover, business-centric organizations are particularly emphasizing on efficient and strategic decision-making. They are hence opting for analytics as a service (AaaS), which is apt for reducing the time required to manage various business functions, thereby influencing the market growth positively. Enterprises are leveraging analytics to gain valuable insights on customer preference, customer behavior, and the effectiveness of their marketing campaigns that bodes well for the growth of the market.

Incumbents in the transportation and logistics sector deal with large amounts of customer data from trucking management and on-board sensors, including Global Positioning System (GPS) sensors or engine sensors such as throttle position sensors and mass air flow sensors, among others. As a result, these companies are focusing on adopting the solutions to aggregate and manage the data and to collect valuable insights which is anticipated to provide lucrative opportunities to market players.

The rapid rise in the number of connected devices through IoT has increased the amount of data generated by these devices. The expanding scope of big data analytics for interpretation and compounding of social media activities is expected to significantly fuel the market growth. The use of AaaS is enabling the examination of social media activities and quantifying results so that resources such as memory can be allocated to a particular social media application/platform accordingly. These factors are expected to boost market growth further. Currently, organizations in the healthcare sector are adopting analytical solutions to track the spread of the coronavirus, monitor the usage of resources, and identification of individuals particularly vulnerable to the effects of COVID-19.

The growing popularity of insights as a service, which is a cloud-based service that provides insights to business corporations by collecting and aggregating data from internal and third-party sources, is anticipated to provide lucrative opportunities to market players. To capitalize on these opportunities, various market players such as Capgemini, Google LLC, and IBM are focusing on the development of insights as a service. For instance, in August 2019, Capgemini launched their insights as a service platform that uses analytical tools that collects data from various sources and provides valuable insights on customers and suppliers.

Full Research Report On Analytics as a Service Market Visit Here: https://www.grandviewresearch.com/industry-analysis/analytics-as-a-service-market

Analytics as a Service Market Report Highlights

  • The growth of the predictive analytics segment is attributed to the increasing demand for analytical solutions from the BFSI sector for activities such as capital planning, credit risk management, and insurance risk management
  • The SME segment is anticipated to grow on account of the significant roles of governments in the provision of funds to SMEs for the adoption of analytical solutions under programs such as Startup SG program (Singapore)
  • Organizations in the healthcare sector are emphasizing on the adoption of analytics for managing electronic health records (EHRs), which is anticipated to drive the growth of the healthcare segment over the forecast period
  • The Asia Pacific region is projected to expand at the highest CAGR over the forecast period on account of increasing demand of analytics for enterprise content management and web content management tools by e-commerce sector

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

Payment Monitoring Market Worth $31.05 Billion By 2027

 The global payment monitoring market size is anticipated to reach USD 31.05 billion by 2027, registering a CAGR of 16.1% from 2020 to 2027, according to a new report by Grand View Research, Inc. The payment monitoring market growth trends include increase in digital payments and need for reducing money laundering, managing Know Your Customer (KYC) compliance, and Counter Terrorism Funding (CTF) activities. Hence, various organizations are focusing on deploying payment monitoring solutions to constrain illegal activities, which shuts off the cash flow and help reduce such activities.

People are becoming more digitally connected, which is driving the adoption of online transactions, hence, data control and personal identity theft have become a major concern for online retailers. Furthermore, the cyber thefts by hackers and cybercriminals are growing at an alarming rate, which costs companies several billion dollars each year. The high-level risk of identity theft and data loss can be reduced with the usage of payment monitoring solutions. Thus, the rising need for protection against cyber frauds will drive market growth during the forecast period.

The transaction monitoring market is witnessing the development of innovative technologies that aim to improve these solutions. Vendors are incorporating Artificial Intelligence (AI) in payment monitoring to create services more secure and smarter. Smart AI enabled payment monitoring solutions are equipped with features such as intrusion detection, network threat detection, behavioral analysis, and object classification. Thus, the integration of blockchain and AI technologies with payment monitoring solutions will propel market growth over the forecast period.

Full Research Report On Payment Monitoring Market Visit Herehttps://www.grandviewresearch.com/industry-analysis/payment-monitoring-market

Payment Monitoring Market Report Highlights

  • The watch list screening segment is forecasted to witness remarkable growth over the next eight years, as it enables organizations to efficiently and effectively screen their customers to successfully meet anticorruption, export control, anti-bribery, and other legal regulations as well as all AML and CTF legislation
  • The support and maintenance service helps clients understand their solutions and related processes. With the evolving business requirements, clients are looking for innovative solutions and services to manage their IT infrastructure and hence the companies require support and maintenance. Hence, it is anticipated to expand at a healthy CAGR by 2027
  • The cloud management segment is forecasted to witness a higher adoption over the forecast period, as it helps to avoid the costs associated with software, storage, hardware, and technical staff. It is also helpful for organizations with stringent budgets for security investments
  • The Small and Medium Enterprise (SME) is forecasted to witness a higher growth rate during the forecast period, owing to the increasing data protection regulations. SMEs are small in terms of their size, but are swiftly catering to large customer base globally
  • The fraud detection and prevention segment is forecasted to witness a higher adoption over the forecast period, owing to the increasing use of electronic transactions and increasing level of cyber-attacks across all the regions
  • The retail segment is expected to grow at a rapid rate over the forecast period, owing to rise in trend of online shopping, which has increased online payments
  • Asia Pacific is anticipated to grow remarkably by 2027, owing to the presence of emerging economies such as India and China that have become more aware of the payment monitoring process and its benefits and started adopting them for security
  • The key industry participants include ACI Worldwide Inc.; BAE Systems; Fair Isaac Corporation; Fiserv Inc.; FIS; Nice Ltd.; Oracle Corporation; SAS Institute; Software AG; and Thomson Reuters Corporation

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

Sunday, July 25, 2021

Motor Monitoring Market Future Growth & Latest Trends

The global motor monitoring market size is expected to reach USD 3.1 billion by 2027, registering a CAGR of 8.3% over the forecast period, according to a new study conducted by Grand View Research, Inc. Energy costs are a major part of operating expenditures of any facility, and motors account for the majority of those expenses. Monitoring motor performance helps in extending the life of the motor, improving reliability, and reducing the facility’s overall operating cost. Moreover, monitoring motor performance with highly trained workers using advanced equipment enables facilities to dictate their own downtime, improve plant operations, and identify poorly functioning equipment quickly. All these factors are anticipated to drive the market over the forecast period.

Motor monitoring is the collection, sorting, and analysing of streamed data with the help of detectors, sensors, diagnostic software and so on and has its application in several industry verticals including oil & gas, power generation, aerospace & defense, automotive, and others. Motor monitoring cannot be done properly through manual methods, as it leads to unanticipated outages, failures and unexpected financial losses. Motor monitoring systems help record the undesired changes at an early stage, and are then rectified by the analysis. Therefore, these systems are being extensively used for improving the overall productivity of the organization.

The market is highly influenced by several factors including increasing prominence of predictive maintenance and rising demand to minimise revenue loss caused due to motor faults. Rising popularity of wireless technologies across various sectors, such as manufacturing, is also contributing to the market growth. In addition, adoption of cloud computing platform is also anticipated to leverage huge growth opportunity for the market over the forecast period.

Full Research Report On Motor Monitoring Market Visit Here: https://www.grandviewresearch.com/industry-analysis/motor-monitoring-market

Motor Monitoring Market Report Highlights

  • The market is driven by the development of advanced motor monitoring sensors, huge investments in developing countries, and technological advancements in AI and IoT
  • On-premise deployment segment is likely to lead the market. On-premise deployment is more secure and helps collect accurate data in real time, with enough lead time to resolve faults at early stage
  • Online monitoring process is anticipated to be the largest as well as fastest-growing segment from 2020 to 2027 as it offers more detailed monitoring and analysis as compared to portable systems
  • The automotive industry is under continuous pressure to improve performance in a cost-sensitive and competitive environment and is expected to witness the fastest CAGR over the forecast period
  • Asia Pacific is expected to register the fastest CAGR from 2020 to 2027 owing to continuous business expansions and infrastructure development in the region
  • Increasing demand for effective scheduling of machine maintenance along with speculation of equipment failure across several industries, such as oil & gas and manufacturing, is the major factor driving the market growth in North America

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Friday, July 23, 2021

Video Game Market Size Is Anticipated To Reach $398.15 Billion By 2027

The global video game market size is anticipated to reach USD 398.15 billion by 2027, registering a CAGR of 12.9% from 2020 to 2027, according to a new report by Grand View Research, Inc. Technological advancements in hardware and software are anticipated to accelerate the market growth. Video game has emerged as one of the most lucrative industries in the entertainment sector, besides the film and music industries. Continuous advancements in Augmented Reality (AR) and Virtual Reality (VR), have been instrumental in opening up several avenues for the overall gaming market expansion.

The introduction of VR and the immersive gaming experience offered by VR is subsequently boosting the market growth. The adoption of VR headsets is on the rise and is increasingly prompting market players to generate VR content to capitalize on the opportunities created by virtual reality. Mobile phones offer cheaper platforms for gaming and users can turn their smartphones into VR gaming devices with the help of VR peripherals such as Google Cardboard.

Rising penetration of mobile gaming provides substantial opportunities to vendors in the market to develop mobile video games. Vendors are also trying to grab this opportunity by developing their own mobile games or by acquiring mobile video game developers. For instance, in February 2018, Disney Interactive entered into a mobile game agreement with Glu Mobile to develop mobile games based on characters from Disney and Pixar film franchises.

The growth in the development of VR and AR related products, such as Head-Up Displays (HUD) and Head Mounted Displays (HMD), has enhanced the gaming experience, making it more engaging. Vendors are focusing on launching various video game subscription services which allow users to download and play games. For instance, in September 2019 Apple, Inc. introduced Apple Arcade, a game subscription service for desktop and mobiles. The new game subscription service allows users to download and play number of games from App Store that have no in-app purchase or any additional costs by paying one-month subscription fee.

Full Research Report On Video Game Market Visit Here: https://www.grandviewresearch.com/industry-analysis/video-game-market

Video Game Market Report Highlights

  • The mobile segment is projected to gain momentum and expand at the highest CAGR over the forecast period, owing to the increasing smartphone penetration across the globe. The use of tablet phones for an improved viewing and playing experience is further expected to contribute to the growth
  • The online segment is estimated to witness substantial growth over the next eight years, attributed to the increasing broadband penetration and growing online betting, gambling, and social network gaming
  • Asia Pacific is expected register fastest growth over the forecast period. Countries such as China, India, and South Korea are offering lucrative growth opportunities, which can be partly attributed to the growing smartphone and internet penetration in these countries

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Data Lake Market Growth & Trends

The global data lake market size is expected to reach USD 31.5 billion by 2027, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 20.6% from 2020 to 2027. Data lake is a cost-effective alternative for several companies for their information collection and storage applications as compared to data warehousing. Also, data warehousing requires additional computing of the information in the initial stages, unlike in the data lake. Further, the maintenance cost of the technology is lower than data warehousing, owing to the cost of building a database, and the number of operations in the warehousing. Likewise, the technology enhances the analytical capabilities of the organizations.

Increasing need to extract deeper insights from huge volumes of information and easy access of information to the organization from legacy systems and departmental silos is expected to boost market growth. Several organizations are using the storage technique to gain a competitive advantage in the market. Also, companies that have not implemented data warehousing are moving towards this advanced method to storage information. The rising shift in the direction of developing cloud-based platforms to mitigate and manage the information is anticipated to offer increased adoption of technology over the forecast period.

With the rise in big data applications, several prominent companies are focusing on developing services that support both structured and unstructured information. For instance, in February 2020, Databricks launched Data Ingestion Network and Data Ingestion services. These services and networks would simplify the combination of data lakes and data warehouses into a single platform. The company has named the combination as ‘lakehouse'.

The on-premise deployment segment is anticipated to account for highest market share over the forecast period. This is attributed to high demand for on-premise servers by the companies to store information. These servers help companies to perform their operations effectively. The IT vertical segment is anticipated to account for highest CAGR over the forecast period. This is attributed to increasing adoption of advanced techniques to store information by the IT companies to achieve a balance between operational costs and quality of information stored.

In Asia Pacific, the market is anticipated to witness a highest CAGR over the forecast period. This is attributed to growth of digitization and increasing investments by key technology companies in India, China, Australia, and Japan. In addition, government regulations and initiatives are also likely to drive the market in the region over the forecast period. In North America, the market is expected to account for highest revenue share over the forecast period owing to increasing volumes of information across industries in the region.

Full Research Report On Data Lake Market Visit Here: https://www.grandviewresearch.com/industry-analysis/data-lake-market

Data Lake Market Report Highlights

  • Increasing adoption of cloud-based services and rising investments in big data is anticipated to drive the adoption of the advanced technique for information storage, thereby catalyzing market growth
  • The cloud segment is expected to witness a CAGR of 25.0% over the projected period
  • In North America, the market accounted for highest revenue share, followed by Europe in 2019. Also, in Asia Pacific, the market is anticipated to portray highest CAGR over the forecast period
  • The key players in the market are Amazon Web Services, Inc; Cloudera, Inc.; Dremio Corporation; Informatica Corporation; Microsoft Corporation; Oracle Corporation; SAS Institute Inc.; Snowflake Inc.; Teradata Corporation; and Zaloni, Inc.

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Tuesday, July 20, 2021

UC and Business Headsets Market Worth $4,315.1 Million By 2025

The global unified communication (UC) and business headsets market size is anticipated to reach USD 4,315.1 million by 2025, registering a CAGR of 12.0% from 2019 to 2025, according to a new report by Grand View Research, Inc. The adoption of unified communication headsets is increasing as these headsets include active noise cancellation feature that enables reduction in external disturbances and improvements in employee productivity.

The growing competition in the market is driving the need for multitasking in organizations at various levels. The demand for wireless headsets is expected to grow as they are compatible with laptops, notebooks, PCs, and smartphones. These headsets have been largely used by executives and senior management employees.

The wireless segment dominated the market in the year 2018. Increasing adoption of softphones by various call centers is driving the demand for high-quality headsets that enable efficient communication, irrespective of the employee or client location, thereby, increasing profits for organizations.

The USB-based wired PC headsets are anticipated to witness substantial growth within the office and working-class professionals. Trends such as mobility and flexibility at work are driving the demand for use of wireless devices at work and home. The business segment is witnessing increasing adoption of wireless devices. Traditional BPOs and call centers are largely adopting cordless headsets.

Full Research Report On Unified Communication And Business Headsets Market Visit Here: https://www.grandviewresearch.com/industry-analysis/unified-communication-uc-business-headsets-market

UC and Business Headsets Market Report Highlights

  • The earphone segment is anticipated to grow at the highest CAGR of above 12.5% from 2019 to 2025. Numerous large-scale organizations have initiated the adoption of unified communications to conduct video conferences, webinars, training sessions, and meetings using UC technology for reducing their traveling expenses.
  • The wired segment dominated the market in 2018 and reached a value of above USD 1,000 million owing to its affordability and extensive use in small & medium enterprises.
  • The >100 segment is anticipated to grow at the highest CAGR of above 12.5% from 2019 to 2025 owing to the growing preference for newly introduced headset technologies such as gesture recognition and control, 3D surround sound delivery, and active head tracking.
  • The online sales channel segment is expected to emerge as a fastest-growing distribution channel segment over the next six years. Online sales channel includes the provision of various offers on product prices, which encourage consumers to shop headsets through online platforms.
  • The business enterprises segment is expected to grow at the highest CAGR of above 12.0% over the forecast period. The demand for unified communication has been increasing over the years and several enterprises have deployed IP infrastructure, which supports real-time communication services.
  •  The North American region accounted for the largest market share in terms of revenue and is expected to continue to dominate the market over the forecast period.
  • The buyers are seeking a wide range of models with benefits such as improved aesthetics, reliability, and durability and simplicity in use.
  • The key players in the market include Audio-Technica Corporation; Bose Corporation; Dell Technologies Inc.; GN Store Nord A/S; HP Development Company, L.P; Koss Corporation; Logitech; Microsoft Corporation; Plantronics, Inc.; and Sennheiser electronic GmbH & Co. KG.

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

 

Nanosatellite and Microsatellite Market Worth $4.95 Billion By 2025

The global nanosatellite and microsatellite market size is expected to reach USD 4.95 billion by 2025, expanding at a CAGR of 22.2% over the forecast period, according to a new report by Grand View Research, Inc. Upsurge in earth observation missions, along with development of Small Satellite Launch Vehicles (SSLV), is expected to propel market growth.

The emerging role of small satellites in the telecom sector has enabled telecom providers to accelerate 5G deployment globally, along with creating market opportunities for satellite communication (satcom) industry stakeholders. Deploying small satellites for 5G deployment can particularly benefit in the form of wide area coverage, cost-effectiveness, and reliability. At the same time, latest technologies, such as new solar panel cell technology and star tracker technology, are also allowing small satellites to strengthen their position in the broader satellite industry.

The growth of the communications sector, coupled with the continued adoption of Internet of Things (IoT), is expected to open opportunities in the global market. The continued adoption of IoT will particularly encourage start-ups to launch their small satellites. For instance, Hiber is expected to launch its first nanosatellite in 2019 to deliver internet connectivity to remote locations using Hiberband modem and support potential IoT projects globally.

Government support is a key factor encouraging companies to launch nanosatellites and microsatellites for communication and navigation, earth observation, and remote sensing applications. Several governments are developing means to utilize the information obtained from such satellites in a more efficient manner for the public sector. For instance, the UK Space Agency’s Space for Smarter Government Program (SSGP) allows departments to share expertise, data, and services related to nanosatellites and microsatellites as well as information obtained from these satellites.

However, despite substantial growth of the global market, frequent delays in satellite launches are leading to skepticism. Nevertheless, independent launch vehicles being developed and low-cost sensors being manufactured by key companies are likely to help overcome these growth barriers.

Full Research Report On Nanosatellite and Microsatellite Market Visit Here: https://www.grandviewresearch.com/industry-analysis/nanosatellite-microsatellite-market

Further key findings from the report suggest:

  • The nanosatellites segment is expected to grow at a significant rate over the forecast period. The progression toward low-cost satellite-based internet services is enabling a transition towards the adoption of these satellites
  • The earth observation/remote sensing segment is poised to grow at a steady rate over the forecast period as the development of low-mass and low-power navigation sensors in small satellites provides impetus to new remote sensing and earth observation missions
  • The civil segment is expected to grow at a CAGR of close to 25% over the forecast period as commercialization of small satellites introduces academic institutions and research organizations to space technology
  • Asia Pacific is expected to be the fastest-growing regional market over the forecast period, owing to increased nanosatellite launches by various academic institutions and increased government support for developing space programs
  • Key players in the market include GomSpace, Innovative Solutions in Space (ISIS), SpaceQuest Ltd., and Sierra Nevada Corporation.

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Grand View Research has segmented the global nanosatellite and microsatellite market on the basis of mass, application, end use, and region:

Nanosatellite and Microsatellite Mass Outlook (Revenue, USD Million, 2014 - 2025)

  • Nanosatellites
  • Microsatellites

Nanosatellite and Microsatellite Application Outlook (Revenue, USD Million, 2014 - 2025)

  • Communication & Navigation
  • Earth Observation/Remote Sensing
  • Scientific Research
  • Technology and Academic Training

Nanosatellite and Microsatellite End-use Outlook (Revenue, USD Million, 2014 - 2025)

  • Government
  • Defense and Security
  • Commercial
  • Civil

Nanosatellite and Microsatellite Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa (MEA)

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

 

Command and Control Systems Market Size, Share, Latest Growth & Trends

The global command and control systems market size is anticipated to reach USD 25.04 billion by 2025, registering a CAGR of 3.8% over the forecast period, according to a new report by Grand View Research, Inc. Increasing military budgets of Asian countries, such as China and India, rising influence of terror groups in Iraq, Syria, and Palestine, and technological advancements in defense industry are anticipated to fuel the Command and Control (C2) demand.

Geopolitical conflicts in Asian countries, such as India, China, and Pakistan coupled with multinational military practices performed by the armed forces in Middle East are expected to fuel the demand for C2 systems as they enhance efficiencies of military operations. Command and control systems offer technological advantages, such as real-time information sharing and situational awareness, which enhance operational competences of military operations. Moreover, extensive adoption of C2 systems to effectively manage mission-critical situations in the commercial sector as well as manufacturing, transportation, and other industries is predicted to drive the market over the forecast period.

The maritime segment is estimated to witness the highest growth over the forecast period. Growing investments in naval development across the world along with increasing global trade activities and usage of cargo ships in maritime trade are contributing to the segment growth. Technological advancements offer benefits such as higher efficiency in battlefield operations, situational awareness and effective planning and decision making in mission-critical situations.

Some of the major vendors active in the Command and Control (C2) systems market are Lockheed Martin Corporation, BAE Systems, Rockwell Collins, and The Boeing Company. Vendors operating in the market are poised to witness a rise in the demand owing to increasing technological advancements.

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Further key findings from the study suggest:

  • Maritime is predicted to register the fastest CAGR of 5.5% over the forecast period owing to the increasing marine trade, need for safety and security of the shipping operations and growing investments in naval forces by the developed countries
  • The land segment is anticipated to hold the largest market share throughout the forecast period due to the increasing adoption of the C2 systems in land-based military operations
  • Asia Pacific is anticipated to be the fastest growing regional market, on account of the growing geopolitical conflicts and military expenditures on the next generation of communication activities
  • Some of the prominent players operating in the command and control systems market are Lockheed Martin Corporation, BAE Systems, Rockwell Collins, and The Boeing Company.

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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