APAC CAD Software Market Insights, Potential Business Strategies, Mergers and Acquisitions, Revenue Analysis

When geography is taken into consideration, China was the largest APAC CAD software market during the historical period, accounting for 31.9% of the regional revenue in 2018. The reason for this is the growing number of engineering universities and the expansion of the media & entertainment and automotive industries in the country. The highest CAGR is expected to be recorded by India during the forecast period due to the growing demand for CAD software from the aerospace & defense and automotive industries.

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The popularity of CAD software in the automotive industry is one of the major driving factors for the APAC CAD software market. The requirement for high-quality components is increasing significantly in the automotive industry in APAC. Because of this, auto part buyers are also trying to focus on the quality of their products. In addition, numerous connected cars are predicted to be on the roads in the coming years, due to which automobile designers are becoming more inclined toward using advanced solutions supported by CAD software for developing error-free products.

Another major factor leading to the growth of the APAC CAD software market is the surging adoption of the software in the packaging industry. Due to technological advancements, the complexity of designs in the packaging machinery has increased. This has resulted in the growing adoption of CAD software by engineers and designers to increase the efficiency and throughput. Through simulation and communication control tools, the software enables engineers to provide unconventional modeling. Furthermore, the software is also being increasingly utilized in the industry because of the rising demand for smart packaging.  

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A major trend being observed in the APAC CAD software market is the rising adoption of mobile CAD. The software is made accessible on mobiles through an application which allows the users to edit, view, and share their designs. Mobile CAD enables engineers to create 3D models and drawings of products, in addition to allowing them to improve efficiency and productivity through design execution. Moreover, engineers can easily solve problems on the shop floor itself by using mobile CAD.

Hence, the proliferation of CAD usage in the packaging and automotive industries because of an increase in the demand for innovative and more efficient products is leading to the growth of the market.

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Advancing IT Industry Taking the India Structured Cabling Market Forward in Coming Years

Ever-increasing digitization, supported by the national government’s Digital India initiative, is taking the Indian structured cabling market forward. Companies in the country are looking to make their campuses world-class and intelligent while saving money at the same time with the implementation of structured cabling.

Companies want more bandwidth for video conferencing and digital audio streaming. As these processes are being increasingly utilized in the government, commercial, telecommunications and industrial spaces, the structured cable market in India continues to prosper.

On the brighter side, the nationwide demand for Wi-Fi services is on the rise, giving market players lucrative opportunities in the present and immediate future. Category 5 and Category 5e UTP were the cables of choice for over a decade, but a shift is now being seen toward Category 6 and 7, driven by the need for greater data transfer rate and higher bandwidth.

Coming to the recent scenario (2013–2017), copper cables enjoyed the largest share in terms of revenue in the India structured cable market. While copper cables will still be the most widely sold in 2018–2023, the demand for fiber components will see the sharpest surge. In terms of the type of wire, Category 7 wires gained the most during the historical period, and the same trend will continue through 2018–2023.

Now, since Bangalore, the IT hub of India, is in its southern part, this is where the sector generated the highest revenue during the historical period. However, during the forecast period, the market is expected to witness the highest CAGR in the eastern part of the nation.

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Players are gearing up to meet consumer demands and consolidate their position in the domain by launching more products or establishing manufacturing plants across the country. Belden Inc. announced plans in 2017 to set up a manufacturing facility in Pune for ethernet switches, fiber optics and copper cables, and coaxial cables. 

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Video Streaming Market Insights, Potential Business Strategies, Mergers and Acquisitions, Revenue Analysis

The categories of the video streaming market based on offering are service and solution. Between the two, in 2018, the higher revenue share of 94.6% was contributed by the solution category. Along with being extremely popular in the entertainment sector, video streaming solutions have become an important component for sales, marketing, business development, and corporate communications. 

This has resulted in their wide applications for personal as well as professional use. The solution category is further subcategorized into IPTV, OTT, and pay TV; among which the fastest-growing subcategory is the OTT. The video streaming market is witnessing the trend of the shift toward the OTT platform. It has been observed that in countries, such as the U.S., more than 150 million people have opted for OTT services, whereas more than 180 million people, use smart TVs.

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Further, people are opting for personalized content, which is pushing companies to offer high-margin visual entertainment by offering users bundled services. The rising popularity of OTT can be correlated to the rising consumer preference for specific content and better connection reliability offered by the service providers.

Market Dynamics

Trends

• Shift toward OTT platform
• Increasing deployment of interactive video content

Drivers

• Increasing popularity of social media platforms
• Increasing connectivity is propelling the growth of video streaming market
• Rising growth of video streaming market in developing countries
• Impact analysis of drivers on market forecast

Restraints

• Restrictions by government for broadcasting international television shows
• Piracy concern
• Impact analysis of restraints on market forecast

Opportunities

• High growth in education sector
• Use of AI in data analytics

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One of the major drivers of the video streaming market are the surging popularity of social media platforms, which can be credited to the improved access to the internet and connectivity. For instance, an explosive growth of 99% was exhibited by the video content on media platforms, such as YouTube in 2017. 

Further, these platforms are now increasingly being used as an advertising revenue model for generating income. Based on this model, YouTube has generated maximum revenue, which is closely followed by Facebook Inc. An increase of $40 million to the revenue was registered by Coursera in 2018. Currently, the largest market for online courses is North America.

Therefore, the market for video streaming is headed toward a bright future in the forecast period due to the increased access to the internet and the ability to access the content as per the consumer preference. 

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Electric Vehicle Supply Equipment Market to Grow Nearly 10.7% through 2025

The electric vehicle supply equipment market is being positively impacted by the increasing sale of electric vehicles, investments being poured in by manufacturers, and government support for installing such charging stations. The market is predicted to witness a 10.7% CAGR during the forecast period (2020–2025) to see an increase in its revenue to $2.7 billion in 2025, from $1.5 billion in 2019. A charging point can have numerous connections, only one of which can be used at any particular time.

EVSE Market Report

Based on type, the EVSE market is bifurcated into direct current (DC) and alternating current (AC) chargers. Of these, AC chargers held the larger share during the historical period (2014–2019), as they are cost-effective in their operation, installation, and manufacturing. During the forecast period, DC chargers will witness swifter growth, owing to their faster charging ability, which is also why they are mostly installed along highways, rather than at homes.

The major driving factor for the EVSE market growth is the rapid adoption of EVs, which is resulting in the increasing need for electricity supply infrastructure. With the air pollution levels increasing due to the burning of fossil fuels in conventional vehicles, electric variants are being promoted in numerous nations. The International Energy Agency reports a 2 million surge in EV sales, which crossed the 5 million mark in 2018. These sales are further expected to grow at a rate of 30% in the coming years, thereby boosting EVSE deployment.

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The government of several countries are taking efforts to install EV charging stations. For instance, the South Korean government has targeted the deployment of 10,000 fast chargers by 2022. Similarly, India has plans to install 2,700 charging stations by 2023, in cities with more than 4 million residents. In the same vein, Canada sanctioned $4.6 million in 2019 for the installation of 92 DC chargers, while the Californian government has proposed a funding of $900 million for the deployment of 250,000 charging points by 2025.

Hence, with the growing adoption of EVs, the demand for equipment to supply electricity will keep increasing.

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C-RAN Market Insights, Potential Business Strategies, Mergers and Acquisitions, Revenue Analysis

In 2018, the global cloud and centralized radio access network (C-RAN) market reached $936.3 million and is expected to generate $2,159.2 million in 2024, witnessing a 15.9% CAGR during the forecast period (2019–2024). The market is growing due to the reduction in hardware costs, rising data traffic, and increasing penetration of 5G technology. C-RAN allows real-time virtualization and large-scale deployment in addition to providing collaborative radio technology support.

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Moreover, C-RAN is a primary aspect for the growth of wireless technologies, such as 5G. When component is considered, the C-RAN market is categorized into services, infrastructure, and solution. The infrastructure category dominated the market during the historical period (2014–2018) and is further expected to account for the major share of the market during the forecast period. 

This is because of the rising investments in 5G and other technologies, such as 4G and LTE, by mobile operators. The category is further classified into fronthaul, baseband units (BBU), and remote radio units (RRU), among which, the BBUs classification held the largest share of the market during the historical period. On the basis of application, the C-RAN market is divided into targeted outdoor urban areas, suburban & rural areas, large public venues, and high-density urban areas. 

The large public venues application accounted for the largest share of the market during the historical period and is projected to retain its position during the forecast period. The targeted outdoor urban areas application is expected to grow at the fastest pace during the forecast period as these areas include commercial and residential spaces that created a large demand for C-RAN for transforming networks to 5G and LTE. A major trend being observed in the C-RAN market is the growing adoption of network virtualization technology. 

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Enterprises around the globe are becoming more inclined toward virtualization in order to gain an edge over their competitors, primarily in terms of network capabilities. Network virtualization is being adopted by various financial organizations, cloud service providers, and enterprise data centers. In addition to this, both large and small organizations are also taking benefit of network virtualization for speed, efficiency, and scalability.

Thus, the market is growing due to the rising penetration of 5G technology and rapidly increasing data traffic.

  

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Robotic Process Automation Market Size, Key Vendors, Growth Rate, Drivers, Volume and Forecast Report

In 2017, the global robotic process automation (RPA) market reached a value of $1,195.9 million and is projected to register a 36.2% CAGR during the forecast period (2018–2023). The market is witnessing growth due to the surging demand for virtual workforce, reduction in workforce cost, greater ease of doing business, and decreasing cost of automation software and services. RPA is a technology that helps in configuring computer software for capturing and interpreting existing applications to trigger several responses, process transactions, communicate with other digital systems, and manipulate data.

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When process is taken into consideration, the robotic process automation market is categorized into decision support & management, interaction solution, and automated solution. Out of these, the automated solution category dominated the market during the historical period (2013–2017) and is projected to hold the largest share of the market during the forecast period as well. 

This is ascribed to the expansion of banking, financial services, & insurance (BFSI) industry, which has been adopting RPA increasingly in order to enhance efficiency and decrease cost. On the basis of industry, the robotic process automation market is divided into telecom & IT, manufacturing, BFSI, retail & consumer goods, healthcare & pharmaceuticals, and others (which include transport & logistics, travel & tourism, and hospitality). 

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Among these, the telecom & IT division accounted for the largest share of the market during the historical period and is expected to retain its position during the forecast period. RPA allows telecom companies to manage their back-office tasks with ease and deal with a large number of rule-based operational and repetitive tasks. The surging requirement for virtual workforce is a key factor contributing to the growth of the robotic process automation market. 

The growing digitization has been encouraging enterprises to adopt best practices which provide service in a timely manner and are cost-effective. Virtual workforce aims to automate business processes in order to save both cost and time and thus is a big part of digital transformation. By automating mundane and repetitive tasks, virtual workforce allows employees to focus on tasks that need human intervention for better decision making, which is why its demand is increasing.

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Spintronics Market Outlook: Top Companies, Trends and Growth Factors Details for Industry Development

In 2019, the global spintronics market generated a revenue of $362.7 million and is projected to attain a value of $12,845.6 million by 2030, witnessing a 34.8% CAGR during the forecast period (2020–2030).

On the basis of end user, the healthcare division is predicted to register the fastest growth during the forecast period, which is attributed to the technological advancements in spintronic-based magnetic sensors. These sensors are projected to be used for detecting tumor cells in the human body.

In terms of device type, the metal-based category is held the larger share of the spintronics market in 2019, as metal-based spintronics, including giant magneto resistance (GMR) and tunnel magneto resistance (TMR), offer low energy consumption and high-speed data transfer.

The semiconductor-based category is projected register higher CAGR during the forecast period, as these spintronics consume less power and are more efficient. The sales of semiconductor-based spintronics is further predicted to increase in the coming years because of the rising adoption of internet of things and increasing deployment of 5G.

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Geographically, North America dominated the spintronics market in 2019, which was primarily ascribed to the rising requirement for spintronics due to the expanding cloud market in the region. 

Apart from this, the import of optical hardware, including spintronic-based transmitters and receivers, has risen because of their increasing requirement for supporting 5G network infrastructure in North America. 

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