What Advantages of Hybrid Cloud are leading to Growth of DWaaS Market?

The global data warehouse as a service (DWaaS) market is expected to generate a revenue of $23.8 billion by 2030, increasing from $1.4 billion in 2019, registering a strong growth of 29.2% during the forecast period (2020–2030), according to a report by P&S Intelligence. The major factors leading to the growth of the market are the swift adoption of cloud-based solutions and increasing focus on real-time data analysis. In terms of tool, the market is divided into visualization, data mining, analytics, and reporting. 

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Out of these, the analytics division is predicted to witness the fastest growth during the forecast period, owing to the increasing investments in AI and data analytics. The penetration if these technologies is growing due to the fact that companies are looking for predicting consumer behavior and preference for offering them with enhanced experience. The reporting division held the major share of the market in 2019. 

In terms of industry, the DWaaS market is categorized into IT & telecom, BFSI, manufacturing, retail & e-commerce, government, and healthcare, out of which, the retail & e-commerce industry is projected to register the highest CAGR during the forecast period. The online retail sector is expanding rapidly all around the world and enterprises are widely adopting AI for predicting consumer behavior through data analytics. The BFSI industry accounted for the largest share of the market in the past. 

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Geographically, North America dominated the DWaaS market in 2019 and is further expected to account for the major share of the market during the forecast period as well. The increasing use of data analytics in healthcare, BFSI, government, and retail and e-commerce industries and rising demand for personalized services from consumers are driving the growth of the regional market. The Asia-Pacific region is expected to witness the highest CAGR during the forecast period, owing to the rising adoption of cloud-based data warehousing solutions by financial institutions, banks, and insurance companies in the region.

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German Autonomous Vehicles Market Size, Key Vendors, Growth Rate, Drivers, Volume and Forecast Report

The German fully autonomous vehicles market is predicted to exhibit a CAGR of 20.2% between 2020 and 2030 andattain a valuation of $28.0 billion by 2030, as per the estimates of P&S Intelligence, a market research firm. The German autonomous vehicles market size is being driven by the increasing implementation of various government initiatives that encourage the deployment of autonomous vehicles in the country and the rising requirement for a more efficient and safer driving option all over the country.

The German government was the first one in the entire world to authorize fully and semi-autonomous driving systems. The government announced its plans to build autonomous driving facilities and infrastructure in the country in December 2016. This was followed by an amendment to the Road Traffic Act in June 2017, which allowed drivers to give away driving controls to autonomous vehicles. As a result, there are many semi-autonomous automobiles (level 1—3) running on German roads today.

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When vehicle autonomy is taken into consideration, the German autonomous vehicles market is divided into fully autonomous and semi-autonomous vehicles. Of these, the semi-autonomous vehicles had 100% share in the market in the years gone by. However, this will change in the future and the fully autonomous vehicles category will register the highest CAGR in the market between 2023 and 2030, owing to the development of fully autonomous vehicles, which are predicted to hit the market in 2023.

The German autonomous vehicles market is also divided, depending on application, into ride hailing, motor coaches, personal cars, transit buses, and logistics. Out of these, the motor coaches category is predicted to exhibit the highest CAGR in the market in the coming years. This would be because of the rising popularity of shared autonomous vehicles all over the country, on account of the growing consumer preference for these services over the personal ownership of vehicles.

Hence, it can be concluded that the market would demonstrate rapid expansion in the future years, primarily because of the rising implementation of initiatives by the government that support the deployment of autonomous vehicles and the growing consumer demand for safer and more efficient vehicles in the country.

 

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Deep Learning Market | Analysis, Post Covid-19 Impact | Potential Business Impacts for Key Players

The deep learning technology massively reduces the problem resolution time in contact centers by efficiently routing the calls, depending on their nature, to the concerned people who have the required technical expertise and know-how to solve the query. Apart from significantly boosting the revenue of contact centers, deep learning algorithms also help businesses reduce their operational costs. This is another key factor fueling the progress of the deep learning market across the globe.

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The market is classified, on the basis of component, into software, hardware, and service. Amongst these, the hardware category recorded considerably high revenue growth in the deep learning market during the past few years, due to the large-scale adoption of hardware such as storage devices and graphics processing units that assist in storing huge volumes of data for deep neural networks and training various deep learning models. In the future, the software category will exhibit rapid growth in the market.

Depending on application, the deep learning market is categorized into natural language processing (NLP), signal recognition, image recognition, data mining, and recommendation engine. Out of these, the natural language processing category will register rapid growth in the market in the coming years, because of the growing requirement for integrating NLP and deep learning for enhancing machine-human interactions. The adoption of deep learning algorithms in NLP greatly improves the customer query understanding ability of voice assistants and chatbots.

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As a result, the voice assistants and chatbots can resolve the queries more efficiently without any human intervention, which, in turn, enhances the customer experience. Globally, the deep learning market is predicted to register substantial growth in Europe and North America in the upcoming years, primarily because of the rapid technological advancements, soaring investments being made in AI-based solutions by many European governments, and the existence of numerous deep learning solutions providing companies in the regional countries.

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Ambient Lighting Market Outlook By Share, Demand Status Of Type, Applications And Future Forecast

The global ambient lighting market is expected to generate a revenue of $156.5 billion by 2030, increasing from $60.8 billion in 2019, advancing at a 9.2% CAGR during the forecast period (2020–2030). On the basis of type, the market is divided into surface-mounted lights, suspended lights, strip lights, recessed lights, and track lights. The recessed lights division held the major share of the market in 2019. These lights can be utilized for an extensive range of settings, such as commercial and residential. Recessed lights further improve the quality of lighting and provide better feel and look to the space. 

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In terms of end user, the market is categorized into automotive, residential, corporate, industrial, healthcare, and hospitality & retail, out of which, the automotive category is predicted to register the faster growth during the forecast period. The adoption of interior lighting solutions in vehicles has risen significantly, along with which, the production of vehicles has grown substantially as well, thereby driving the demand for ambient lighting solutions in the automotive industry. 

In addition to this, the emergence of the Industry 4.0 and growing penetration of IoT in home solutions these days is also leading to the growing demand for smart ambient lighting solutions. Since energy conservation and connected domestic devices have become an important aspect of lifestyle these days, due to which, manufacturers are introducing solutions which utilize latest technologies for enhancing performance, functionality, and aesthetics. 

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The Asia-Pacific (APAC) region dominated the ambient lighting market in 2019, and the region is further predicted to account for the largest share of the market during the forecast period, as per a report by P&S Intelligence. The adoption of ambient lighting is increasing the commercial and residential in APAC, owing to the increasing disposable income, rising population, and expanding IT market. Within the region, India is predicted advance at the fastest pace.

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Shavers Market In-depth Analysis of the Industry with Future Estimations | P&S Intelligence

The focus on physical appearance has increased considerably these days. People are becoming more and more conscious by the passing day regarding different fashion trends, which themselves keep changing regularly. The increased penetration of social media platforms in both developing and developed countries can be said to be a major reason when it comes to this shift in the perception of people. Body image is regarded with importance on such platforms, due to which, the general public is now also becoming influenced. These factors have led to a rising demand for personal grooming products, including shavers, across the globe.

The shavers market has further been witnessing growth due to the fact that a large number of females have also started making use of these products. Gender constraints of the society have been rather hard on females, owing to which, they are expected to maintain a certain level of physical hygiene. The situation has changes radically of course these day, however, some notions, like having hairless and smooth skin are still persisting. Since shaving is pain free and provide instant results, various women have started opting for shavers rather than waxing.

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On the basis of distribution channel, the shavers market is divided into online retailing, supermarket & hypermarkets, and others (including department stores, drugstores, and beauty specialists). Out of these, the supermarkets & hypermarkets division dominated the market historically, which can be attributed to the offers and discounts that are provided by such stores. Geographically, the European region has been creating the largest demand for shavers up till now; however,as per a study conducted by P&S Intelligence, the demand for these products is also expected to increase in Asia-Pacific as well in the coming years. This is due to the rising disposable income and enhancing living standards of people in the region.

In conclusion, the demand for shavers market around the world is growing because of the increasing consciousness regarding physical appearance and rising number of female users.

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Cyber Insurance Market Worldwide Opportunities, Driving Forces, COVID-19 Impact Analysis, Future Potential 2030

The COVID-19 crisis is having a positive effect on the demand for cyber insurance, as the pandemic has shifted countries’ focus to healthcare and economic stability, thus opening the doors for cyber-criminals to hack servers and steal vital information. Malware spams, phishing attacks, and ransomware attacks have increased since the outbreak, many of which have targeted the World Health Organization (WHO). Therefore, in order to protect themselves against intellectual property and financial damage by such attacks, companies of all sizes are opting for cyber insurance.

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With the growing awareness on insurance, surging number of cyber-attacks, and increasing government regulations, the profile of cyber risk management firms is becoming better. This factor is set to prove instrumental in driving the cyber insurance market at a 26.3% CAGR between 2020 and 2030, thereby leading to the increase in the industry size from $5,573.2 million in 2019 to $70,671.9 million by 2030. In 2019, standalone insurance, based on product type, was more popular, as this product allows companies to instantly compensate themselves as well as their customers for any financial loss arising out of a cyber-attack. 

Standalone cyber insurance policies compensate the insured client or customer for the credit monitoring costs, IT forensic costs, data restoration costs, and public relations expenses, which might be incurred due to a data breach. Moreover, such policies also offer cover for the direct losses due to phishing, social engineering frauds, cyber frauds, spoofing, and phreaking, as well as companies’ legal liabilities to third parties. Large enterprises are the more-significant users of cyber insurance compared to small- and medium-sized enterprises (SMEs), as such companies are rapidly deploying the cloud, artificial intelligence (AI), internet of things (IoT), big data, and machine learning (ML) technologies in their operations. 

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This is leading to the creation of huge volumes of data, which includes sensitive information, including customers’ personal details. This is why such companies are regularly targeted by cyber-criminals, with the intention of getting access to a vast amount of data at once. Owing to the high risk of cyber-attacks and their high spending power, large enterprises are quickly adopting cyber insurance. Owing to the existence of several major cyber insurance companies, including Chubb Group Holdings Inc., American International Group Inc., and Lockton Incorporated, North America is currently the largest contributor to the market.

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Business Impacts of COVID-19 on Compressor Market | Strategies of Major Industry Competitors

The automotive industry is expanding rapidly at the present time due to the increasing disposable income of people, rising demand for electric cars, and technological advancements. From 2012–2017, the automobile industry registered a growth of around 17% in the sales of all types of vehicles around the globe. In addition to this, the demand for passenger vehicles witnessed nearly 16% growth in the same time period worldwide. 

This expansion of the automotive industry is resulting in the rising requirement for compressors, as they are widely used in various applications in the industry, including engine construction, tire inflation, air conditioning systems, and car painting.

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HVAC systems perform heating and cooling pf buildings and are utilized in both commercial and residential sectors. In 2017, the overall AC demand stood at 110 million, which rose from 100 million in 2013. The HVAC domain is further expected to witness considerable growth in the near future as well because of the increasing construction of commercial as well as residential buildings, expanding smart homes market, and development of energy efficient systems.

The rising usage of screw compressors is a key driving factor for the growth of compressor market.  At the present time, energy efficiency is a primary requirement observed in the domain. This is the major reason for the increasing adoption of screw compressors, as they offer higher efficiency than reciprocating compressors.

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Compressors are utilized in HVAC systems and refrigerators that are installed in various application areas, such as food outlets, hotels, industrial buildings, residential buildings, supermarkets & hypermarkets, and commercial buildings. Hence, as the demand for HVAC-R systems increase, the requirement for compressors will rise as well. Apart from better energy efficiency, these compressors also provide continuous flow and low-end temperature of the compressed air. 

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