Carsharing Market is to Reach $10,846.9 million by 2025 - P&S Intelligence

Due to the increasing concerns raised over the greenhouse emissions and environmental damage caused by the large number of vehicles operating on the roads, carsharing services are being increasingly adopted across the globe. In addition to this, the governments of many countries are rapidly adopting various policies and measures for reducing the private ownership of vehicles in order to curtail the environmental damage and greenhouse gas emissions caused by the exhaust fumes from vehicles, which is in turn, boosting the popularity of carsharing services.

Driven by the above-mentioned factors, the valuation of the global carsharing market is expected to increase from $5,571.2 million in 2018 to $10,846.9 million by 2025. The market is predicted to advance at a CAGR of 11.0% during the forecast period (2019—2025). There are mainly three types of cars used in carsharing services— luxury, executive, and economy. Amongst these, the economy class cars recorded the highest adoption in carsharing services in 2018. This is credited to the higher fuel economy provided by these cars as compared to the luxury and executive vehicles. 

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Asia-Pacific (APAC) is currently the largest carsharing market, majorly on account of the strong government support for such a transportation system, especially in China. In this country, the number of electric cars in shared mobility fleets has drastically risen in the last few years. Being one of the most industrially productive, and therefore polluted, countries on earth, China is taking concrete steps to increase the penetration of electric vehicles, including among car sharing companies, such as offering subsidies, tax rebates, and monetary incentives for their purchase.

Hence, as the realization about the fact that shared mobility can potentially reduce the number of automobiles on the road increases, carsharing services are bound to become more popular than ever in the coming years.

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Global Smart Teaching and Learning Market Predicted to Exhibit Huge Growth During Covid-19 Phase

Owing to their cost-effectiveness, smart teaching and learning solutions are observing a rising popularity across the globe. The initial investments are much lower in traditional forms of education, than in e-learning. However, once the systems and courses are developed, smart learning and teaching solutions do not incur further costs, which is not the case in traditional education, where various additional expenses, such as regular trainer salaries and infrastructure costs, are incurred.

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The burgeoning demand for learning analytics applications in academic and corporate sectors is another factor propelling the adoption of smart teaching and learning solutions across the world. The analytical applications allow the users to obtain accurate predictions about the outcomes of reformation, learning, and resources, and this, in turn, encourages the participation of all stakeholders in the various learning and combining processes, in order to achieve the educational objectives.

Due to these factors, the global smart teaching and learning market is expected to exhibit huge growth in the coming years. Since the last few years, there has been a massive rise in the adoption of advanced technologies that have helped in the transformation of education and teaching processes, from the traditional classroom-based methods, to smart learning processes incorporating the use of remote and digital learning methods.

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There are multiple methods of smart teaching and learning, such as collaborative, simulation-based, and adaptive, blended, and virtual instructor-led training (VILT). In the smart learning and teaching environment, the course content is available in the form of text, video, and audio, and this can be accessed through different applications.

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Cyber Insurance Market Analysis, Post COVID-19 Impact | Potential Business Impacts for Key Players

One of the major factors resulting in the growing adoption of cyber insurance across different industries is the supply chain cyber risk. The impact on an organization or enterprise is quite huge if the sensitive data of supply chain is breached. The loss of consumer confidence, drop in stock price, business experience financial penalties, and legal cost are some risks faced by businesses due to supply chain breach.

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Hence, in order to deal with this problem, cyber insurers have developed several ways for combating supply chain risks by adapting to the changing environment through supply chain risk management services. This includes several risks involved in supply chain that are constantly assessed and managed timely. The increase in denial of service (DoS) attacks is a key trend that is being observed in the cyber insurance market. 

The victims of these attacks range from major financial institutions to individuals attempting to access their personal email. Considerable damage has been caused by these attacks, in terms of revenue loss. Cyber insurers aid businesses in reducing the risk of such attacks by monitoring the global threat landscape and understanding the latest trends in the DoS attacks. Coverage for business interruptions, extra expense, and contingent interruptions losses, such as loss due to network host or cloud provider, is provided by first-party cyber insurance policies.

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Since the past few years, a rapid increase in criminalization of the internet has been tracked by cyber analysts. Factors such as commercialization, globalization of cybercrime, and interconnectivity are driving the frequency and severity of cyber incidents. In addition to this, individual cyber criminals are uniting into international groups for strengthening the impact of their attacks on critical and sensitive business data.

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Commercial Satellite Imaging Market Share Will Exhibit a Prominent Uptick in 2020 as Corona Virus Outbreak Prevails as a Global Pandemic

The demand for location-based services (LBS) is increasing because of the growing awareness of customers and supportive government initiatives, primarily in emerging economies, such as China, Mexico, and India. Moreover, real-time geographical data can be captured with the help of LBS. Due to all these factors, the governments of different countries are also taking several initiatives in order to motivate the vendors and start-ups for venturing into the LBS market and increase the adoption of these services. 

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Since satellite imaging is utilized in LBS for different applications, such as tourism, mobile advertisements, local search, enterprise services, navigation, consumer tracking, location-specific health information, and location-based business intelligence (BI), its demand is rising as well. Commercial satellite imaging or remote sensing refers to the scanning of earth by satellites or high-flying aircrafts for obtaining georeferenced data. 

As per a research conducted by P&S Intelligence, in 2017, the global commercial satellite imaging market generated a revenue of $2,411.8 million and is projected to witness a 14.2% CAGR during the forecast period (2018–2023). The commercial satellite imaging systems are based on two technologies, namely optical and radar, among which the systems based on the optical technology were more in demand during 2013–2017. 

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There are several applications of commercial satellite imaging systems: natural resources, infrastructure, maritime, defense, energy, LBS, and disaster management. Some other applications include environmental conservation, media & entertainment, research, and surveillance. The digitally transmitted images are used for environmental monitoring, weather predictions, archeological surveys, and mapping.

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Demand for Electric Trucks in US - Business Report 2020-2030

This penetration of electric vehicles in the U.S. is not just limited to passenger vehicles, but commercial heavy duty and light duty vehicles which run on electricity are also being increasingly adopted. Electric trucks have many advantages over traditional fuel-based trucks, such as low operational and maintenance costs, which is why the demand for these trucks in the U.S. is growing. According to a report by P&S Intelligence, in 2019, the U.S. electric truck market reached a value of $211.5 million and is predicted to generate a revenue of $30,335.3 million by 2030, advancing at a rapid pace of 58.2% CAGR during the forecast period (2020–2030).

Electric trucks are of three types, namely heavy-duty truck (HDT), light-duty truck (LDT), and medium-duty truck (MDT). Out of these, the LDTs are predicted to be the most in demand in the coming years. Companies in the domain are targeting fleet owners, who are focusing on reducing their operational expenditure, and are offering them electric variants of pickup trucks. These trucks have different ranges— 0–150 miles, 151–250 miles, 251–500 miles, and >500 miles. Electric trucks in the range of 151–250 miles were the most in demand in 2019, as the preference of class I and II trucks is high.

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In addition to this, trucks having higher range have not yet been able to address issues such as long charging time, high battery weight, and low battery energy density. In terms of propulsion, there are four types of electric trucks, namely fuel cell electric vehicle (FCEV), battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), and hybrid electric vehicle (HEV). BEVs were most in demand in the past, which can be ascribed to the rising government support in the form of incentives. Moreover, companies in the domain are collaborating with battery manufacturers to bring down the battery cost further and increase their energy density and life span.

Electric trucks have applications in logistics and municipal sectors. The logistics sector created the larger demand for electric trucks in the U.S. in 2019, owing to the swift growth of the e-commerce, retail, and manufacturing industries in the country. Furthermore, the logistics sector itself is registering significant growth in the U.S., which is contributing to the growth of the U.S. electric truck market. As the demand for faster and more convenient deliveries is growing, logistics companies are electrifying their fleet for optimizing operations.

Hence, the demand for electric trucks in the U.S. is rising due to the decreasing battery costs and expanding logistics sector.

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COVID-19 Impact Analysis on Beauty Devices Market. Insights on Strategies of Key Players

The soaring geriatric population in several countries is one of the biggest factors propelling the demand for beauty care products and devices across the globe. In the developing nations such as India and China, the geriatric population is expected to be much higher than that in the developed countries. As per the United Nations Department of Economic and Social Affairs (UNDESA), the total population of people in China India, and Brazil having ages above 60 years are expected to rise to 437 million, 324 million, and 58 million respectively, by 2050.

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The rising awareness about beauty care products, devices, and therapies such as photorejuvenation devices and light/light emitting diode (LED) therapy for skin tightening and removing dark spots and pigmentation and increasing disposable income of the people are the other major factors fuelling the growing demand for beauty devices across the world. As per the U.S. Bureau of Labor Statistics, the total disposable income of the people in the U.S. grew from $10,036.9 billion to $13,968.6 billion from 2006 to 2016 and this number is predicted to rise to $21,178.2 billion by 2026.

The most major trends currently being witnessed in the beauty devices market are the rising utilization of electronic beauty devices and increasing development of technologically innovative products. Due to the frequent launch of technologically advanced beauty devices, dermatologists, clinicians, and aestheticians are able to better treat various skin problems and ailments such as improving skin textures, reducing the signs of ageing, and removing spots. For instance, Nu Skin Enterprises Inc. developed the ageLOC LumiSpa, which is a rechargeable and waterproof handheld personal skin care cleansing device, in January 2018.

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Globally, North America is anticipated to register the highest usage of beauty devices in the coming years. This is mainly ascribed to the greater spending capacity of people in this region on personal care and beauty devices owing to their high disposable income. Furthermore, the rising prevalence of skin diseases and the increasing awareness about skin care and skin problems amongst the people in this region are expected to significantly boost the usage of beauty devices in the region over the next few years.

Hence, it can be concluded that owing to the rising incidence of skin problems, increasing consumer awareness about skin ailments, and rapid development of advanced personal and beauty care products, the demand for beauty devices will surge in the coming years. 

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SD-WAN Market Analysis, Post COVID-19 Impact | Potential Business Impacts for Key Players

Due to the increasing need for a simplified network architecture, network security and privacy, and cost-effective network management and migration of global enterprises from traditional wide area network (WAN) infrastructure to cloud-based solutions, the global software-defined wide area network (SD-WAN) market is expected to generate $9,691.0 million revenue by 2023, compared to $676.9 million in 2017. The market is predicted to witness rapid growth during the forecast period (2018–2023), with a CAGR of 54.1%.

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The mushrooming demand for cost-effective network management is one of the major factors driving the growth of the SD-WAN market. The maintenance and management of traditional WAN is expensive, while configuring it manually is complex and time-consuming. Moreover, the recent times have witnessed a growing preference for mobile and cloud-based technologies, which is further increasing the complexity of the WAN. In order to overcome this problem, businesses are adopting SD-WAN solutions, which enable them to automate the WAN configuration and decrease the gross operational cost.

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The surging need for network security and privacy across the world is another factor driving the SD-WAN market. Owing to the increasing usage of data and the rising threats to network security, the demand for SD-WAN solutions, on account of their ability to provide data security and privacy, is surging. Additionally, the capability of SD-WAN solutions to assist in the measurement and monitoring of network traffic, which allows the IT department to quickly detect a security breach, is another factor resulting in the high demand for them.

The research offers historical market size of the global software defined wide area network (SD-WAN) market for the period 2013–2017 and market forecast for the period 2018–2023.

Market Segmentation by Offering

Solution
WAN Infrastructure
SD-WAN control and overlay

Service
CSP SD-WAN Managed Services
Cloud-Managed SD-WAN

Market Segmentation by ApplianceVirtual
Physical
Hybrid

Market Segmentation by Implementation TypeIn-house
Outsourced

Market Segmentation by IndustryIT and Telecom
BFSI
Government
Healthcare
Others (Includes Defense, Retail and Manufacturing Industry)

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