Product Analytics Market Growth Analysis, Post COVID-19 Impact | Potential Business Impacts for Key Players

A key driving factor of the product analytics market is the advancements in cognitive technologies. The cognitive technologies, which include deep learning technologies, such as convolutional neural networks, are based on the human brain’s ability to learn through inference and decomposition. These technologies are projected to become the standard approach for the processing of complex data streams produced for offering active insurance products to the customers as per their individual activities and behaviour.

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The global product analytics market is projected to generate a revenue of $38,049.5 million in 2024, advancing at a 18.8% CAGR during the forecast period (2019–2024). The key driving factors of the market include the surging adoption of smartphones, rising focus of product teams to offer personalized services and products to their customers, shift from web-based internet surfing to mobile-based internet surfing, and advancements in cognitive technologies. In terms of service type, the market is divided into professional and managed services.

The professional services category dominated the product analytics market in 2018 due to the increasing demand for expert training and insights into the deployment and usage of advanced analytics solutions and growing requirement for consultancy. In terms of deployment type, the market is classified into cloud-based and on-premises. The cloud-based classification held the larger share of the market in 2018 and is further projected to grow at the fastest pace during the forecast period. The reason for this is that the cloud-based deployment allows fast data access to product teams, which improve customers’ behavior tracking to gain competitive edge, and flexible storage.


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When industry is taken into consideration, the banking, financial services, and insurance (BFSI) category is expected to account for the largest share of the product analytics market during the forecast period. This is attributed majorly to the shift in preference from conventional banking to digital banking, rising demand for personalized banking services, improved customer service experience, and growing preference of customers toward digital channels. The enterprises are increasingly adopting intelligent analytics in order to enhance their interactions with the customers, which leads to the business’s sustainability, growth, and profitability.

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WiGig Market Share, Strategies, Emerging Technologies, Growth Rate Analysis, Trends and Forecast

The major factors aiding in the swift growth of the WiGig market are the rising sale of portable consumer electronics and surging demand for high-speed internet connectivity. From ,078.7 million in 2018, the market is projected to grow to ,386.1 million in 2024, at a 27.9% CAGR during the forecast period (2019–2024). Developed by Wireless Gigabit Alliance, WiGig is a set of 60 GHz connectivity protocols, allowing data transfer at speeds of up to 7 Gbps. As it has a range of only 10 meters, a router must be placed near the device to offer seamless connectivity.

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Under the product segment, the categories of the market are consumer electronics, network devices, and others, which includes video conferencing systems, convenient public kiosks, and smart antennas. Among these, consumer electronics was the leading category during the historical period (2014–2018). This was a result of the rising demand for high internet speeds in tablets, TVs, smartphones, and laptops. The growing popularity of portable consumer electronics is also among the significant factors driving the WiGig market growth.

On the basis of technology, the WiGig market is bifurcated into integrated circuit (IC) and system-on-chip (SoC). Of these, the SoC category dominated the market in 2018 because of the growing penetration of smartphones in India and China. Therefore, semiconductors manufacturing firms are entering the smartphone SoC niche, owing to the easy integration of WiGig on SoCs, which allows for faster internet services. Even during the forecast period, the SoC technology will generate higher revenue in the market, compared to IC.

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Apart from helping make calls, several portable consumer electronics feature messing service, media applications, and Wi-Fi port. Among the primary reasons for their surging adoption is the launch of improved devices and increasing disposable income, which gives people more spending power. Further, due to the availability of the 802.11ad band of WiGig, which enables fast data transfer, consumer electronics manufacturers are integrating the technology in their devices. For example, in 2017, the Asus ZenFone 4 Pro, which has both gigabit LTE and 802.11ad Wi-Fi features, was launched by ASUSTek Computer Inc.

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What are Key Factors Fuelling the Surge of Indian Advanced Driver Assistance Systems Market?

One of the biggest factors propelling the demand for advanced driver assistance systems (ADAS) in India is the rising incidence of road accidents in the country. Since the last few years, there has been a massive surge in the prevalence of road accidents and fatalities in the country, which have consequently boosted the need for the installation of ADAS in vehicles in order to improve vehicular safety. The Government of India (GOI) intends to make the integration of ADAS in passenger vehicles mandatory by 2022, in order to reduce the incidence of road accidents in the country.

The other important factors responsible for the surge in the demand for ADAS in India are the soaring disposable income of people and the increasing demand for vehicles equipped with automated artificial intelligence (AI)-driven systems. 

Nowadays, people are preferring vehicles equipped with various types of advanced systems, mainly on account of their higher purchasing capability and the rapid technological advancements in the automotive sector. Driven by these factors, the Indian advanced driver assistance systems market size is predicted to witness rapid growth during the forecast period (2020–2030).

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The biggest trend currently being observed in the Indian ADAS market is the increasing number of technical collaborations amongst the major automobile and ADAS manufacturing companies. These collaborations are being formed mainly in order to meet the surging technology demands in the country. 

Moreover, the rapid technological advancements are significantly boosting the need for enhanced safety and comfort features in vehicles, which is in turn, propelling the demand for vehicles equipped with ADAS, in the country. For instance, Mando Corp. signed a contract for the supply of ADAS, with Mahindra & Mahindra Ltd. in April 2019.

Hence, it is clear that owing to the increasing prevalence of road accidents in the country and the rising disposable income of the people, the demand for ADAS is expected to shoot-up in India over the next few years.

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5G RF Transceivers Market to Witness 30.4% CAGR during 2020–2030

Due to the rapidly growing consumer electronics industry, Asia-Pacific has emerged as the largest 5G RF transceiver market instead of North America. the growing adoption of wireless communication devices, emergent of the internet of things technology, rising demand for video streaming, and rapid digitization in the region are also resulting in the growing demand for 5G RF transceivers.

The devices are further being integrated in building security systems, smart utility meters, smart farming, home automation, and commercial satellite imaging applications.

In addition to this, due to advanced long-term evolution-unlicensed capabilities, complex antenna architecture, expanded carrier aggregation, and higher-order modulation, the RFFE design of advanced smartphones is complex. Thus, 5G transceivers are being utilized in base stations for supporting higher frequency bands in RFFE designs and faster mobile broadband speeds. 

A number of industries make use of 5G RF transceivers, such as healthcare, consumer electronics, military &defense, telecommunications, aerospace, and cable/broadcasting. In the coming years, the consumer electronics industry is projected to make considerable use of 5G RF transceivers. Owing to the launching of 5G services by telecom services, RF transceivers are increasingly being integrated in smartphones and other consumer electronics.  

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In conclusion, the surging adoption of smart phones and growing penetration of internet are leading to the rising need for 5G RF transceivers.

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What are Main Factors Driving Growth of Global Digital Freight Forwarding Market?

Some of the major factors propelling the demand for digital freight forwarding solutions are the soaring volume of domestic and international trade and the increasing need for time-controlled deliveries across the world. In addition to this, there has been a massive rise in the incorporation of several advanced technologies such as artificial intelligence (AI), internet of things (IoT), and big data analytical solutions in digital freight solutions, which have significantly boosted the demand for digital freight forwarding solutions across the globe.

Due to the above-mentioned factors, the global digital freight forwarding market is predicted to exhibit substantial growth during the forecast period (2020–2030). Digital freight forwarding basically refers to the adoption of digital platforms in order to provide a much broader range of logistics services as compared to the traditionally adopted manually controlled logistics operations. Digital freight forwarding is commonly adopted by brokers, third-party logistics (3PLs) providers, shippers, forwarders, and carriers. Out of these, the 3PLs providers are expected to register the highest adoption of digital freight forwarding solutions in the near future, as they are an important cog in the supply chain machinery.

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Globally, North America observed the highest adoption of digital freight forwarding solutions in 2019. This is primarily ascribed to the fact that the U.S. is the undisputed global leader in international trade. In addition to this, the region is home to some of the major digital freight forwarders in the world. The digital freight forwarding market is expected to register the most rapid advance in the Asia-Pacific (APAC) region in the immediate future. This is credited to the surging number of manufacturing bases and special economic zones (SEZs) in the region.

This study covers

• Historical and the present size of the digital freight forwarding market

• Future potential of the market through its forecast for the period 2020– 2030

• Major factors driving the market and their impact during the short, medium, and long terms

• Market restraints and their impact during the short, medium, and long terms

• Recent trends and evolving opportunities for the market participants

• Historical and the present size of the market segments and understand their comparative future potential

• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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Next-Generation Firewall Market Worldwide Opportunities, Driving Forces, COVID-19 Impact Analysis, Future Potential 2025

P&S Intelligence published a new research report, titled, "Next Generation Firewall Market Market: Global Industry Analysis and Forecast till 2025, The rising instances of cyber-attacks, popularity of the bring-your-own-device policy, and challenges associated with traditional firewalls are leading to the adoption of advanced cyber security solutions. This is why the next-generation firewall (NGFW) market is expected to grow from $2,706.9 million in 2019 to $5,188.8 million by 2025, at an 11.9% CAGR during 2020–2025.

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NGFW operates beyond protocol and port inspection and blocking to offer intrusion prevention, application-level inspection, and intelligence gathering from outside the firewall. It combines port address translation, URL blocking, packet filtering, and network address translation. The growing IoT usage is a key trend in the next-generation firewall market. Companies are rapidly embracing the IoT technology to make better use of the asset sharing model, outcome-based model, pay-per-usage model, and other advanced business models.

Additionally, IoT also helps businesses gain real-time operational insights into security issues and equipment monitoring. However, IoT devices give rise to data security issues, as they are connected to the internet. Thus, to combat the various applications, protocols, and internet-based security threats associated with IoT, companies are leveraging NGFW. During the forecast period, the services division would observe faster progress, as the demand for professional services is rising, as a result of the heavy usage. 

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This market research report provides a comprehensive overview of the next-generation firewall market

• Historical and the present size of the next-generation firewall market
• Future potential of the market through its forecast for the period 2020-2025
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential

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Auto ML Market Growth Analysis, Post COVID-19 Impact | Potential Business Impacts for Key Players

P&S Intelligence published a new research report, titled, "Automated Machine Learning Market: Global Industry Analysis and Forecast till 2030, These days business cannot just be conducted with producing quality products, but there’s a lot more to it than meets the eye. Provision of enhanced customer experience is one of the major aspects that need to be taken care of by organizations if they want to get ahead of their competition. In order to do that, enterprises these days are focusing on providing their customers with personalized product and content recommendations.

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As per a report by P&S Intelligence, in 2019, the global automated machine learning market attained a value of $269.6 million and is projected to generated a revenue of $14.511.9 million by 2030, progressing at a 43.7% CAGR during the forecast period (2020–2030). The ability of predicting customer’s requirements, and providing provocative customer experiences on the basis of this understanding, is changing how companies interact with their customers.

However, ML has conventionally required running complex data infrastructure for collecting and centralizing data across sources and large in-house data science teams for training and productionizing these models. Attributed to this, companies are now turning to automated ML services, which make it easier for companies to build and use ML tools in a real world by running systematic processes on raw data and selecting models which gathers the most relevant information from the generated data.

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This market research report provides a comprehensive overview of the automated machine learning market

• Historical and the present size of the automated machine learning market
• Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential

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