Increasing connectivity is propelling the growth of video streaming market

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. 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.

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From amassing $245.3 billion in 2018, the global video streaming market is predicted to reach $688.7 billion by 2024, advancing at a 19.1% CAGR during the forecast period (2019–2024). The factors positively influencing the market growth are the rising popularity of video streaming in developing nations, growing internet connectivity, and the rising popularity of social media platforms. The accessing of the on-demand or live viewing of the content as per a consumer’s preference is termed as video streaming. This has been categorized into different services, including over-the-top (OTT), pay TV, and internet protocol TV (IPTV).

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 advertisement revenue model for generating income. Based on this model, YouTube has generated the maximum revenue, which is closely followed by Facebook Inc.

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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.

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Blockchain Devices Market to Register a CAGR of 48.7% During 2020–2030

The market for cryptocurrency is expanding rapidly as corporate users in the banking, financial services, & insurance (BFSI) sector and government offices are increasingly adopting cryptocurrencies. Digital currency which is not regulated by any central authority is referred to as a cryptocurrency. No bank is involved in the transactions of these currencies and a decentralized system is in place for checking and validating every transaction. 

The concept of cryptocurrency became famous after the launch of Bitcoin, following which different companies started launching new cryptocurrencies. Since many retailers started accepting cryptocurrency as a mode of payment, the adoption of blockchain devices has also increased.

As per a report by P&S Intelligence, in 2019, the global blockchaindevices market generated a revenue of 0.3% billion and is projected to reach $23.5 billion by 2030, advancing at a 48.7% CAGR during the forecast period (2020–2030). 

Blockchain devices are designed for handling the blockchain technology transactions and work in the same way as blockchain technology, i.e. decentralized system or decentralized ledger. The primary application of the blockchain technology is cryptocurrency. Blockchain devices are used for both personal and corporate applications; however, the larger demand for blockchain devices is predicted to be created for corporate applications during the forecast period.

Different types of blockchain devices are point of sales terminals, blockchain smartphones, crypto automated teller machines (ATMs), and crypto hardware wallets. Some other types are blockchain gateways and pre-configured devices. Out of these, the largest demand during 2014–2019 was created for crypto hardware wallets, which are going to be the most in demand in the coming years as well, particularly because of the growing cryptocurrency market.

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As the number of transactions and cryptocurrency users are increasing, the requirement for securing cryptocurrency is rising as well. The users can use software-based and hardware-based wallets for keeping cryptocurrency safe. The fastest growth in demand is expected to be witnessed by crypto ATMs during the forecast period.  

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Wireless Test Equipment Market Size, Share, Trends, Drivers, Growth Analysis Forecast Report to 2022

A major driver of the wireless test equipment market is the rising demand for mobile data offloading. Also referred to as Wi-Fi offloading, it makes use of complementary network technologies to deliver data to a cellular network. Offloading is beneficial as it frees the bandwidth for other users by downsizing the data being carried on the cellular bands. Therefore, to keep up with the rising user demand, network operators are devising more-economical and effective ways to serve them. 

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Another factor influencing the wireless test equipment market growth is the rising investments in network function virtualization (NFV). Wireless test equipment provides NFV services such as monitoring, testing, and benchmarking. The traditional voice infrastructure is incapable of allowing devices to communicate in real time. The telecommunications industry is expected to be transformed by the increasing penetration of software-defined networking and NFV, as communication service providers, such as Deutsche Telekom, Telefonica, and AT&T, are exploring new digital opportunities, including machine-to-machine communication and internet of things, to maximize revenue.

The wireless test equipment market valued $4.5 billion in 2015, and it is expected to grow at a 6.1% CAGR during the forecast period (2016–2022). It is witnessing growth due to the increasing demand for mobile data offloading, HetNets, and small cells and funding by companies in network function virtualization (NFV). The hardware used in the test and measurement of outdoor and indoor wireless communication technologies and connectivity protocols, such as LTE TDD, LTE FDD, Wireless Sensor Network (WPAN) 802.11 a/b/g/n/ac/ad, GSM/GPRS/EGPRS/E-EDGE, and GPS is termed as wireless test equipment.

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The wireless test equipment market is observing the trend of product launches. The wireless telecommunication industry is undergoing a rapid change, where market players are continuously innovating their products and technologies to stay ahead of the curve; therefore, many new products are being launched globally. More than 13 types of wireless equipment, such as BER test solution, multi-terabit network security test platform, and conformance test solution, were launched in 2016 by major players, such as Keysight Technologies, Ixia, Anritsu, Rohde & Schwarz, Teradyne, and Viavi Solutions Inc.

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Growing Demand for mHealth Technologies Driving Medication Adherence Market

In 2016, the medication adherence market size generated $1.6 billion and is predicted to advance at a 12.3% CAGR during the forecast period. The various factors positively impacting the market are the surging geriatric population, rising demand for mHealth technologies, increasing demand for personalized healthcare, growing prevalence of chronic diseases, and rising demand for advanced medication adherence systems. The degree to which the patient follows the therapy prescribed by their healthcare provider, including taking the right medication, at the right time and manner, and in the right dose, is referred to as medication adherence.

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When product is taken into consideration, the medication adherence market is categorized into software centric and hardware centric. Between these, the software centric category dominated the market during the historical period and is further expected to hold the larger share of the market during the forecast period. This is because these products have a lower cost and are more easily accessible than hardware centric products. The hardware centric category is projected to grow at the fastest pace during the forecast period and is further divided into packaging and devices.

The increasing popularity of medication adherence systems and software is a key trend being observed in the medication adherence market. Due to the innovative applications of medication adherence software and systems, including double-checking medication administration properties, automatically dispensing applications, and electronic medication administration records facility, their adoption is increasing. These applications of medical adherence systems further help in reducing the chances of adverse drug events and medication errors. Furthermore, these systems and software also enhance healthcare quality by monitoring patient’s medication intake and decrease healthcare cost.

Another factor driving the growth of the medication adherence market is the rising requirement for mHealth technologies. The increasing usage of mobile phones has provided means for addressing health priorities through different applications, which has resulted in the development of mHealth. mHealth is the practice of providing digital healthcare services, including medication adherence solutions, with the aid of different communication channels and devices such as laptops, smartphones/phones, personal digital assistants, and tablets. mHealth has the potential to transform the face of health service delivery.

Hence, the market is registering significant growth because of the rising prevalence of chronic diseases and increasing demand for mHealth technologies.

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How is Global Warming Contributing to Surge in Global HVAC Market

The constant increase in the temperature, as a result of global warming, is one of the biggest factors responsible for the surge in the demand for air-conditioning systems and associated services across the world.

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The release of various airborne pollutants, such as nitrogen oxides, chlorofluorocarbons (CFCs), and methane, into the atmosphere, as a result of fossil fuel burning, is the biggest contributor to global warming. According to the National Aeronautics and Space Administration (NASA), there has been a 0.90 °Celsius increase in the average global temperature from the 1951–1980 period to 2017.

The other key factors boosting the demand for heating, ventilation, and air conditioning (HVAC) systems and services across the globe are the expanding construction sector in various countries and increasing number of favorable government initiatives and policies, to aid their installation in residential, commercial, and industrial buildings.

As a result, the global HVAC market reached a value of $240.8 billion in 2019, and it is expected to generate revenue of $367.5 billion by 2030. This massive growth of HVAC market is during the forecast period (2020–2030) is projected to be at a CAGR of 3.9%.

Throughout the world, a high demand is generated for the installation, upgradation/replacement, repair and maintenance, and consulting services for HVAC systems. Amongst these, the demand for the upgradation/replacement of HVAC systems was found to be the highest in 2019.

This is mainly ascribed to the huge demand for the replacement of faulty components, in order to improve their energy efficiency, across the world. This will also improve the operational efficiency of these systems, and thus reduce the dependence on non-renewable energy.

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Retail cloud market is growing due to increasing demand for compliance and collaboration

A key trend in the retail cloud market is the adoption of multiple payment options in the retail niche. With digital technologies making inroads into people’s everyday life, their demand to shop as per their own preferences, be well informed, and for multiple payment options is rising. In an effort to make the experience of shoppers smoother, retailers are integrating cloud-based payment platforms in their operations. Apart from offering customers access to numerous shopping options, retail cloud also implements enhanced point of sale (POS) solutions.

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The growing adoption of smart devices is one of the most significant factors behind the advance of the retail cloud market. This is a result of the increasing online activities in the retail domain and rising requirement for smooth information sharing and better network connectivity. Around the world, people are increasingly paying for products using mobile platforms. Additionally, with smart devices, retailers find it easier to tap potential customers, by studying shoppers’ interest and purchase history. This lets retailers align their business strategy as per the interest of customers, which helps drive sales.

Geographically, the retail cloud market is categorized into North America, Europe, Asia-Pacific (APC), Latin America (LATAM), and Middle East and Africa (MEA). Among these, during the historical period, the largest share in the market, in terms of revenue, was held by the North American region. This was a result of the faster integration rate of the cloud technology in retail in this region than anywhere else, as well as the fact that retailers are scrambling to personalize the shopping experience of customers.

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Therefore, as people demand a more customized shopping experience and retailers look at it as an opportunity to increase their revenue, the adoption of cloud solutions would continue increasing.

The research offers historical market size of the global retail cloud market for the period 2013 – 2016 and market forecast for the period 2017 – 2023.

GLOBAL RETAIL CLOUD MARKET

By Type – Solution (Supply Chain Management, Customer Management, Workforce Management, Reporting and Analytics, Data Security, and Others) and Service (Managed Service and Professional Service)

By Service – Software as a Service, Platform as a Service, and Infrastructure as a Service.

By Deployment Model – Public Cloud, Hybrid Cloud, and Private Cloud

By Enterprise Type – Large Enterprises and Small and Medium Enterprises

By Region – North America, Europe, Asia-Pacific and Middle-East & Africa (MEA), and Latin America

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How is Rising Adoption of Electric Vehicles Fuelling Massive Surge in APAC Electric Motor Market?

The need for a reduction in energy consumption by the major industries is expected to increase significantly in Asia-Pacific (APAC) in the coming years. Electric motors can account for almost 70% of the total energy consumption in industries, and with the electricity usage and prices already too high, the adoption of energy-efficient motors is rising, in order to reduce the operating costs. 

The other major factor driving the sale of electric motors in APAC is the soaring deployment of electric vehicles, as they are an eco-friendly mode of transportation. Thus, the APAC electric motor market is predicted to grow from $50,948.1 million in 2017 to $77,876.8 million by 2023, with a CAGR of 6.9% during the forecast period (2018–2023).

There are various types of electric motors available in the market, namely direct current (DC) motors, alternating current (AC) motors, and hermetic motors. Amongst these, AC motors recorded high uptake during the historical period (2013–¬2017), primarily due to the surging adoption of environment-friendly electric vehicles and rising demand for industrial machinery. 

Furthermore, these variants require lower power and maintenance. Hermetic motors, owing to the ballooning demand for heating, ventilation, and air conditioning (HVAC) equipment from the thriving construction sector, are expected to register the fastest increase in sales, in the coming years.

Electric motors are widely used in motor vehicles, HVAC equipment, transportation and aerospace sector, industrial manufacturing, and residential buildings. Out of these, the adoption of electric motors is expected to be the highest in motor vehicles in the foreseeable future, which would be a result of the booming vehicle manufacturing sector in China. 

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Moreover, the flourishing automobile sector in other regional countries, such as India and Japan, is predicted to cause a huge upswing in the demand for electric motors in the coming years. 

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