Mobile Virtual Private Network (VPN) Market and its Growth Landscape in the Foreseeable Future

Field workers, physicians, and the medical staff are rapidly adopting these solutions to access sensitive medical records and healthcare applications via wireless networks. On the basis of distribution channel, Geographically, in 2017, North America contributed the largest revenue to the mobile VPN market, and it is also anticipated to continue leading it during the forecast period. Within the continent, in 2017, the telecommunications sector registered the dominating revenue share in the North American market, due to the significant adoption of mobile devices here.

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However, the Asia-Pacific region is predicted to witness the highest CAGR, of more than 30.0%, in the market during the forecast period.t of these, in 2017, the partners and distributors category contributed over 40.0% revenue to the market. The category is also predicted to dominate the market during the forecast period, as they offer better on-premises services compared to other suppliers. This is mainly attributed to the strong encryption algorithms of VPN with long-key strengths that help in securing confidential data at the time of transmission, which is critical for private and public enterprises.

Geographically, in 2017, North America contributed the largest revenue to the mobile VPN market, and it is also anticipated to continue leading it during the forecast period. Within the continent, in 2017, the telecommunications sector registered the dominating revenue share in the North American market, due to the significant adoption of mobile devices here. However, the Asia-Pacific region is predicted to witness the highest CAGR, of more than 30.0%, in the market during the forecast period.

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Nowadays, organizations prefer using centrally managed remote offices that help them provide a secure access to confidential data to their workforce at a low cost. Further, to reduce operational costs and maintain a local presence, enterprises are providing remote access to business-critical applications so that their employees can work from anywhere. Hence, mobile VPN is a vital solution for such enterprises, where employees have to access the company’s network via wireless devices.

It has been witnessed that the banking, financial services, and insurance sector spend a large portion of its revenue in mobile security services and products. Moreover, banks are aiming on protecting customers’ account details along with safeguarding the payment gateways. This has become especially important since the penetration of mobile devices in the bank-customer interaction environment. Thus, the surging need for the protection of data among companies is anticipated to offer huge growth opportunities to the mobile VPN market.

Hence, the increasing adoption of mobile VPN in various industries is expected to boost the growth potential for the market.

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Broadening Customization in Music Industry is Leading Driver of the Music Composing Software Market

A major driving factor of the music composing software market is the growing media and entertainment industry. As per the U.S. Department of Commerce, International Trade Administration, the global media and entertainment market reached a value of $1.9 trillion in 2016. The market is growing due to factors including digitization, multiple-devices, multiple-platforms, and technological advancements. The demand for music composition software is increasing for composing different forms of music for a wide variety of media and entertainment segments, such as movies/cinemas, advertising, gaming, television, publishing, music, and the internet.  

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Several opportunities are also being provided to the musicians to participate in music contests and live concerts by different organizations such as the American Society of Composers. A key trend being observed in the music composing software market is the rising availability of online music tutorials, which make extensive use of this software. Moreover, these tutorials are often free, which further leads to their increased popularity among musicians who are beginners. 

Another factor leading to the growth of the music composing software market is the increasing inclination towards music composing software. Musicians, music schools, and individuals in countries such as the U.K., Australia, the U.S., Canada, and Germany have started making use of this software. In addition to this, the demand for music composing software is also growing due to the increasing number of musicians. 

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For example, LinkedIn Corporation provides music composition training and tutorials, through its online learning platform Lynda.com, that make use of different music composition software. The online tutorials help improve the skill sets of users based on the course selection, which include beginner, intermediate, and advanced levels.

Global Music Composing Software Market Segmentation

By Instrument Simulation

• Piano
• Pipe organ
• Guitar
• Full orchestra
• Drums and percussions

By Operating System

• Windows
• MAC
• iOS
• Android
• Linux
• BSD

By Deployment Type

• On-premises
• Cloud   

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US Electric Bus Charging Station Market Will Generate Massive Revenue in Future

The key drivers for the U.S. electric bus charging station market are favorable government schemes and regulations and the rising demand for electric buses. The market generated revenue of $20.9 million, in 2018, which is expected to grow at a CAGR of 37.1% during 2019–2025 (forecast period) to $184.5 million in 2025. Alternatively termed charge points, electric recharging points, and electric vehicle supply equipment (EVSE), such stations are used to charge battery electric buses (BEB) and plug-in hybrid electric buses (PHEV).

Based on product, the U.S. electric bus charging station market is classified into plug-in, inductive, and pantograph charging. Among these, plug-in stations held the largest value share, in 2018, because of their earlier adoption in the country. However, by 2025, pantograph charging is projected to become the highest revenue generating classification, as such stations charge the buses rather quickly, thus reducing the total journey time and helping transport operators maximize their revenue.

The rising requirement for electric buses is automatically pushing the installation rate of the charging infrastructure. In the country, buses are used for public and military transport purposes, and most of the vehicles are purchased by the government at the federal and state levels, with city and county governments also stepping up efforts. For example, the city of Columbus, in Ohio, has decided to procure 200 electric buses and charging stations for public transit. Similarly, Louisville, in Kentucky, plans to increase the number of electric buses in its fleet to 15.

Another major growth driver for the U.S. electric bus charging station market is the fall in the prices and augmentation in the efficiency of batteries. The price of bulk battery orders reduced to around $333/kWh in 2018 from around $1,000/kWh in 2010. Batteries make up for up to 40% of the electric bus cost, therefore the falling battery prices allow automakers to decrease the purchase cost of the vehicles, which is further leading to their high adoption. This is having a direct positive effect on the installation of charging infrastructure across the country.

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Therefore, with the federal, state, and municipal governments doing their bit to increase the share of electric buses in their fleet, the demand for EVSE would continue to grow in the U.S.

Market Segmentation by Product

• Plug-In Charging
• Pantograph Charging
• Inductive Charging

Market Segmentation by Connector

• J1772
• CCS
• Others

Market Segmentation by Charger

• Off-Board
• On-Board

Market Segmentation by Charging

• Fast Charging
• Slow Charging

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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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