How is Need for Less-Harmful Alternatives to Tobacco Smoking Driving South Korean E-Cigarette Market?

Growing awareness about the ill-effects of tobacco smoke inhalation and technological advancements are leading to the growth of  South Korea e-cigarette market globally. From $874.3 million in 2018, the market is predicted to expand to $3.5 billion by 2024 at a 24.3% CAGR during the forecast period (2019–2024).

Electronic cigarettes do not contain tobacco, rather come with a nicotine solution in a refill or vial, which, on being burnt, creates mist instead of smoke. The product segment of the South Korean e-cigarette market is categorized into t-vapor, vaporizer, vape mod, and cig-a-like.

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Among these, vaporizers dominated the market during the historical period (2014–2018) in terms of volume and value, as these offer a similar experience provided by traditional cigarettes.

While these will keep leading the market in the forecast period, t-vapors would experience the highest revenue CAGR (30.6%), with global brands competing intensely to capitalize on their growing popularity.

The various distribution channels for e-cigarettes in the country include vape shops, tobacconists, hypermarkets/supermarkets, and online platforms. Among these, hypermarkets/supermarkets, vape shops, and tobacconists accounted for almost 65.0% value share in the South Korea e-cigarette market in 2018.

During the forecast period, online channels will experience the fastest growth as manufactures are increasingly using them to sell their products. As the health effects of such products are still unclear, the national government increased the taxes on e-cigarettes by 117.0% in 2015, making manufacturers look for alternative sales platforms. 

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Chronic Pain Treatment Market being Driven by Surging Geriatric Population

In 2017, the global chronic pain treatment market size reached a value of $69.3 billion and is expected to advance at a 6.4% CAGR during the forecast period (2019–2024). The market is registering growth due to the surging geriatric population, rising prevalence of chronic health conditions, and increasing government support for chronic pain management. The pain that persists in a patient beyond a period of three months is referred to as chronic pain. Chronic pain may limit mobility and reduce stamina, flexibility, and strength in patients.

In terms of indication, the chronic pain treatment market is divided into arthritis pain, cancer pain, fibromyalgia, neuropathic pain, chronic back pain, migraine, and others (which include nociceptive pain and visceral pain). Among these, the neuropathic pain division dominated the market during the historical period (2014–2018) and is projected to grow at a 6.2% CAGR during the forecast period. The reason for this is the rising incidence of neuropathic disorders and surging aging population around the world. Cancer pain is predicted to grow at the fastest pace during the forecast period.

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When product is taken into consideration, the chronic pain treatment market is bifurcated into devices and drugs, between which, the drugs category accounted for the larger share of the market during the historical period because of the growing prevalence of several types of chronic diseases. The category is further classified into non-steroidal anti-inflammatory drugs, antidepressants, opioids, anticonvulsants, and others. The devices category is expected to advance at the faster CAGR of 11.0% during the forecast period and is further classified into analgesic infusion pumps, neurostimulation devices, ablation devices, and others.

The increasing government support for chronic pain management is also among the primary driving factors of the chronic pain treatment market. The national and international government organizations have taken several initiatives in order to increase the awareness and funding for the effective management of chronic pain. For example, the Association for the Study of Pain (IASP) launched an IASP Developing Countries project in January 2018 for increasing pain education and practice in developing countries by providing sufficient grants.

Hence, the market is growing due to the increasing geriatric population, rising government support for chronic pain management, and surging prevalence of chronic health conditions across the globe.

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How growing volumes of big data across the internet is driving machine translation market ?

In 2016, the machine translation (MT) market generated a revenue of $122.3 million and is projected to advance at a 6.7% CAGR during the forecast period (2017–2023). The market is growing due to the rising demand for content localization and increasing volumes of big data across the internet. Machine translation is a process that translates a text from one natural language to another with the help of a computer. In terms of deployment type, the market is divided into cloud and on-premises, between which, on-premises is expected to dominate the market during the forecast period.

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When technology is taken into consideration, the machine translation market is categorized into statistical machine translation (SMT), neural machine translation (NMT), rule-based machine translation (RBMT), and others (which include hybrid machine translation and example-based machine translation). Among these, the SMT category held the largest share of the market during the historical period (2013–2016) and is expected to dominate the market during the forecast period as well. The reason for this is that the technology offers more advantages over other translation technologies in terms of resource requirement, customizability, and community collaboration.

In terms of application, the machine translation market is divided into media & entertainment, military & defense, retail & manufacturing, healthcare & life sciences, IT & telecom services, automotive, electronics, travel & hospitality, banking & finance, legal & law firm, and others (which include learning, advertising & marketing, and energy & utilities). Military & defense accounted for the major share of the market in 2016 and is predicted to dominate the market during the forecast as well, as the sector needs swift translation of high-volume content for communicating with multilingual populations on real-time basis.

Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=machine-translation-marketThe emerging demand for content localization is a major driving factor of the machine translation market. Companies are witnessing a rising need for localizing their applications, products, and websites. The enterprises across the world are increasingly focusing on meeting the demands of customers outside their local market. Localization helps organizations in communicating with the target market in its language and integrating industry-specific aspects with the specific culture and further develops a local appeal. MT aids in reducing the cost associated with translation and time-to-market and is best referred for content where exact translations are not needed.

Market Dynamics

3.3.1 Trends

3.3.1.1 Continuous technological advancements

3.3.1.2 Combination of TM and MT systems leading to fully integrated workflows

3.3.1.3 Migration of machine translation to cloud services


3.3.2 Drivers

3.3.2.1 Emerging demand for content localization

3.3.2.2 Growing volumes of big data across the internet

3.3.2.3 Impact analysis of drivers on market forecast


3.3.3 Restraints

3.3.3.1 Threat from free translation service providers

3.3.3.2 Lack of quality and accuracy

3.3.3.3 Impact analysis of restraints on market forecast


3.3.4 Opportunities

3.3.4.1 Soaring demand for post editing machine translation (PEMT) services

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Requirement for Reducing Overall Healthcare Cost Driving Ambulatory EHR Market

In 2016, the global ambulatory electronic health record market reached $4.0 billion and is projected to grow at a 5.9% CAGR during the forecast period (2017–2023). The market is registering growth due to the rising usage of EHR solutions, adoption of healthcare intranet technologies (HCIT) and increasing government initiatives, and need for reducing the overall healthcare cost. The electronically stored medical records of patients, which include information about medical care and surgeries that do not require the patient to be admitted in a hospital or non-hospital settings, are called ambulatory EHR.

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In terms of application, the ambulatory EHR market is divided into patient management, referral management, decision support, e-prescribing, practice management, population health management, and health analytics. Among these, the practice management application occupied the largest share of the market during the historical period (2013–2016) and is projected to retain its position during the forecast period. This is due to the several advantages of EHR implementation, such as increased efficiency of day-to-day operations of healthcare practices. E-prescribing is predicted to grow at the fastest pace during the forecast period.

Another factor driving the ambulatory EHR market is the surging need for reducing overall healthcare cost. The shift from traditional data record systems to ambulatory EHR records decreases the cost associated with storing the data. While before the data stored on paper required a lot of care while handling it, now with the introduction of ambulatory EHR, the data can be electronically stored with ease. As per the data published by the University of New Mexico Hospital, the hospital saved over $200,000 annually due to reduced overtime and healthcare cost.

The emergence of cloud-based ambulatory EHR solutions is opening up wide opportunities for the players operating in the ambulatory EHR market. Because of the advent of cloud-based ambulatory EHR solutions, it is possible to keep data secure, safe, and fully accessible regardless of network traffic or time. In addition to this, cloud-based solutions demand fewer IT resources, update automatically, take up less space, and require less capital, which results in cost savings for clinics without needing extra time and more staff members for supporting bulky hardware installations.  

Hence, the market is growing due to the rising need for decreasing overall healthcare cost and increasing adoption of HCIT.

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How is Adoption of Bring-your-own-Device (BYOD) Culture Driving WiGig Market?

Companies are increasingly adopting the bring-your-own-device (BYOD) policy, as it aids in saving operational costs. The policy also provides convenience to the employees, who are more comfortable with working on their own device. However, people carrying their own devices, such as laptops and tablets, need to connect their devices to peripherals, such as mouse and local area network (LAN). In order to eliminate the requirement for individually connecting these devices, businesses are making use of WiGig in docking stations that would connect all computer peripherals. By making use of this technology, employees only need to connect their laptops to the dock. 

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The WiGig technology is a wireless standard designed to provide high wireless speeds and work on an altogether different frequency. Conventional wireless internet makes use of 2.4 GHz and 5 GHz bands, while WiGig makes use of 60G Hz bands for transmitting information. According to a P&S Intelligence report, in 2018, the global WiGig market generated revenue of $1,078.7 million, and it is projected to reach a value of $4,386.1 million by 2024, at a 27.9% CAGR during the forecast period (2019–2024). The two types of WiGig are 802.11ac and 802.11ad, between which, the former was more in demand in 2018.

The two major products which use the WiGig technology are networking devices and consumer electronics. Between these, consumer electronics made more utilization of the WiGig technology in 2018, which is ascribed to the rising requirement for portable consumer electronics that support faster internet services. This is why consumer electronics are predicted to create the largest demand for the technology in the near future as well. The entire WiGig market is driven by two technologies, namely integrated circuits and system on chips (SoC), between which the SoC technology used more in WiGig devices in 2018. This was due to the rising penetration of smartphones in countries including India and China.

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The different industries which make use of WiGig include retail, residential, banking, financial services, and insurance (BFSI), IT & telecom, healthcare, and government. Out of these, the IT & telecom industry is expected to make the most use of WiGig communication in the coming years, while its fastest adoption is predicted to witnessed in the healthcare industry. These solutions are increasingly being used in mission-critical applications in the industry, including telemedicine, cardiac and radiology imaging, and handheld scanners. The expansion of the healthcare industry is further providing opportunities to the companies operating in the domain.

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Global Transparent Display Market Expecting Huge Growth During 2019-2024, Focusing On Leading Key Players

Valuing $524.7 million in 2018, the transparent display market is projected to progress to $4,933.6 million by 2024, experiencing a CAGR of 46.2% during 2019–2024 (forecast period).

Interactive displays are trending in the transparent display market, with an increasing number of companies in the hospitality, retail, and automotive applications, adopting them. The retail sector uses them to present different products to potential customers in a more aesthetically appealing way, as these displays themselves are visually pleasing.

The organic light-emitting diode (OLED) category is expected to witness the highest CAGR during the forecast period, on the basis of technology. This is because OLED screens have self-illuminating pixels, which do away with the requirement for backlighting. Further, such products are aesthetically better than those based on the liquid crystal display (LCD) technology, which would further their growth in the market.

A major reason behind the progress of the transparent display market is the rapid adoption of these products in the advertising domain. Several firms, such as P&G and the Coca-Cola Company, are already using these products to promote their offerings.

In 2018­–19, Coca-Cola spent $5.8 billion, while P&G invested $6.7 billion in advertising activities, including the procurement of transparent displays. With many other food and beverage and pharmaceutical companies opting for such strategies, the market would continue prospering.

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The high-definition (HD) category dominated the transparent display market in 2018, on the basis of resolution, as such displays have existed for a considerable time.

Additionally, they are more cost-effective compared to full-HD and ultra-HD variants, which is another reason for their high popularity among end users. Based on application, the largest category in 2018 was digital signage, on account of the heavy usage of digital signage in the transportation, retail, education, and healthcare industries

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What are the Segments Booming in Global Production Printer Market?

The demand for personalized solutions is growing across the globe. With the rapidly rising disposable income, people are spending increasingly on products that complement their individual personalities.

The major brands are under pressure to provide better experiences to the customers, which is why they are focusing increasingly on enhancing customer engagement, primarily through innovative packaging.

It is due to these factors that the demand for production printers is increasing. Production printers are used for high-volume printing as they can produce about 60 pages per minute, and these printers can work efficiently for both colored and monochrome printing. According to a research conducted by P&S Intelligence, the global production printer market attained a value of $4.9 billion in 2017 and is predicted to advance at a 5.1% CAGR during the forecast period (2018–2023).

Digital printing technology is aiding these companies in offering brand protection, value-added serialization, relevant personalization, and test-market prototyping. Furthermore, by making use of digital printing on flexible substrates and plastics, the businesses are able to provide high image quality, minimal inventory, and high-impact branding to their customers.

Among the two types of production printers, namely color and monochrome, the larger demand during 2013–2017 was created for color printers and the situation is going to be the same in the near future as well.

The various technologies on which production printers are based include offset, laser, gravure, inkjet, flexography, screen, and toner. Some other technologies are dye-sublimation, pad, and relief print. Out of these, the largest demand was created for the inkjet production printers during 2013–2017.

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Apart from this, high-speed inkjet printing is rapidly becoming the preferred option for printing transactional documents, as the requirement for print on demand services is growing. Attributed to these factors, inkjet production printers are going to be the most in demand in the coming years as well.

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