Increasing Security Concerns Steering Crowdsourced Security Market Growth

The surging focus of several industries on upgrading their security solutions, soaring incidence of cyberattacks and threats, and rising need to adhere to the compliance requirements will drive the crowdsourced security market during the forecast period (2020–2030). Crowdsourced security solutions invite a group of people to evaluate an asset for vulnerabilities.

Moreover, the rapid digital transformation in enterprises will also facilitate market growth in the foreseeable future. One of the key growth drivers for the crowdsourced security market is the burgeoning demand for security solutions by enterprise to improve security and reduce risks. Every organization runs its applications through several quality checks to ensure the elimination of all bugs and other potential security challenges.

The organizations also test run their applications after their launches to identify the bugs and protect the applications from potential hackers. As it is increasingly becoming difficult for development teams to search for all the bugs and potential threats, enterprises are rapidly adopting crowdsourced security solutions.In recent years, the rising integration of crowdsourced security methods in the automobile industry has become a major trend in the market.

Owing to the high risks of hacking, data loss, and financial loss, automakers are focusing on the deployment of such security solutions. For instance, in 2015, Fiat Chrysler Automobiles N.V. faced the challenge of vehicle safety hacking in a public demonstration. This led to the recall of 1.4 million vehicles of the company.

This market research report provides a comprehensive overview of the 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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Progressing E-Commerce Sector Boosting Electric Loader Rickshaw Presence in India

As per the India Brand Equity Foundation (IBEF), the e-commerce sector in the country is witnessing significant growth, and it is expected to surpass that of the U.S. to become the second-largest in the world by 2034. The prospering e-commerce sector, on account of the surging penetration of smartphones and the internet and changing consumption patterns, will augment the deployment of electric loader rickshaws for cargo delivery. Owing to this reason, the Indian electric loader rickshaw market will advance at a considerable rate during 2020–2030.

India Electric Loader Rickshaw Market

The presence of such vehicles on Indian roads has surged in the last two years owing to the rising environmental concerns and technological advancements in the automobile industry. To mitigate the rising air pollution levels, the central government and state governments are offering incentives and subsidies on electric three-wheelers, thereby fueling the production and adoption of electric loader rickshaw across India. These vehicles can carry cargo loads of up to 450 kg, thus making them ideal for light-to-medium-duty urban freight transport operations.

According to P&S Intelligence, the Indian electric loader rickshaw market has a strong presence in Ahmedabad. Around 70% of all the electric rickshaws in Ahmedabad are loader rickshaws, whereas in Gurugram, 15%–20% are loader rickshaws. Moreover, the percentage of electric loaders is rising in the  electric cargo three-wheeler fleet of Delhi. Apart from these, several cities of Uttar Pradesh, Madhya Pradesh, West Bengal, Bihar, Rajasthan, Punjab, Assam, and Jharkhand are adopting a significant number of electric loader rickshaws.

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The requirement for these three-wheelers in different states of India is met by Victory Electric Vehicles International Pvt. Ltd., Kinetic Green Energy & Power Solutions Ltd., Lohia Auto Industries, Hero Electric Vehicles Pvt. Ltd., and Terra Motors Corp. These companies are focusing on expanding their production capacities and introducing new and improved variants due to the favorable government policies and high preference for technologically advanced and energy-efficient vehicles.

Thus, the progressing e-commerce sector and rising government support will boost the number of electric loader rickshaws on Indian roads.

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Asia-Pacific to Offer Best Orthodontic Supplies Market Investment Opportunities

Around the world, over 3.5 billion people suffer from some kind of oral disease, according to the World Health Organization (WHO). The agency further says that caries of permanent teeth affect 2.3 billion people, and over 530 million children have caries in their primary teeth. Earlier overlooked, dental health is now garnering increasing attention from people. Not only can dental problems be painful, but misformed or badly arranged teeth are considered aesthetically appealing. Both these factors are leading to a rising footfall at dentists, which is, in turn, increasing the demand for various associated products and instruments.

Therefore, with the increasing awareness on oral health, the orthodontic supplies market is on path to substantial growth in the coming years. An orthodontist is a medical specialist, who looks after the alignment of the teeth, and they are the ones who put braces on the teeth. The different supplies these healthcare providers require are anchorage appliances, fixed braces, removable braces, ligatures, and orthodontic adhesives. Among these, fixed braces are procured in the highest amounts, as such products are better able to correct the alignment of the teeth. 

On a geographical basis, North America currently witnesses the highest demand for dental supplies, owing to the high number of people suffering oral diseases and increasing desire among them to look good, for which having aesthetically appealing teeth is considered important. For instance, the American Academy of Cosmetic Dentistry (AACD) says that of all those who undergo dental surgery, over 80% go for them with the aim to look better. Asia-Pacific (APAC) is expected to observe the fastest dental supplies market growth, as a result of the surging awareness about the treatments available and rising spending power.

Thus, as people realize the importance of keeping their teeth in a good shape, the demand for dental supplies will keep growing.

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Stable Growth Predicted in Patient Engagement Solutions Market in Coming Years

 The soaring number of government regulations and incentive programs being implemented in several countries all around the world for promoting patient-centric treatment procedures and care are the major factors propelling the demand for patient engagement solutions across the globe. 

The rising internet penetration, ballooning number of smartphone users, and development of 3G and 4G spectrums have improved the mobile platform capabilities and allowed them to offer healthcare services, and this has significantly boosted the development of patient engagement solutions. Furthermore, the adoption of value-based programs leads to enhanced health outcomes and patient satisfaction and lower healthcare costs.

The other important factor fuelling the rise in the demand for patient engagement solutions is the surging geriatric population across the world. The rising involvement of older people in healthcare decision making and various wellness activities through the incorporation of patient engagement solutions are further pushing the demand for these solutions in many regions. Due to these factors, the global patient engagement solutions market is expected to exhibit a CAGR of 16.9% during the forecast period (2018–2023). 

Globally, North America registered the highest adoption of patient engagement solutions during the historical period (2013–2017). This is credited to the presence of a huge number of healthcare information technology (HIT) solution providers, rising incidence of chronic diseases, and the existence of well-developed healthcare infrastructure, in the region. The patient engagement solutions market is expected to exhibit rapid growth in the Asia-Pacific (APAC) region in the immediate future, owing to the rising public awareness about patient engagement solutions and the increasing incidence of chronic diseases, in the region.

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Rising Road Fatalities Fueling Connected Motorcycle Demand

According to the World Health Organization (WHO), over 1.35 million deaths are caused due to road accidents globally. About 93% of these deaths occur in low-and middle-income countries, even though they only possess around 60% of the world's automobiles. Since a large number of bikers are involved in these accidents, bike manufacturers are being coerced to integrate advanced rider-assistance systems to improve their safety. In an attempt to minimize road accident cases, motorcycle manufacturers and road safety authorities are focusing on connected motorcycles, as these offer enhanced safety features.

Connected Motorcycle Market

Moreover, the surging penetration of sports and luxury bikes in emerging economies, such as India and China, and other nations of Asia-Pacific (APAC) and Latin America, Middle East, and Africa (LAMEA) will result in the progress of the connected motorcycle market during 2020–2030. The increasing adoption of these two-wheelers is due to the rising per capita income and soaring purchasing power of the people in these regions. Besides, the rising integration of artificial intelligence (AI) with the internet of things (IoT) will also amplify the use of connected motorcycles, as these technologies offer increased safety and better strategic management.

According to P&S Intelligence, the APAC connected motorcycle market will witness the fastest growth in the coming years. This can be credited to the surging integration of connected features in the sports and luxury motorcycles being sold in the region. Moreover, the strong presence of motorcycle manufacturers in China and India, owing to the abundant raw materials, cheap labor, constant technological advancements, and relaxed government regulations, will boost the production of connected motorcycles. For instance, 10,020,000 motorcycles were sold in India during Financial Year 2020–2021, many with connected features.

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Thus, the increasing adoption of sports and luxury bikes and growing concerns regarding road accidents and fatalities will boost the integration of connected features in motorcycles in the coming years.

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Automotive HVAC Controllers Becoming Essential in Passenger Cars

Before plunging severely in 2020 due to the COVID-induced lockdowns and the ensuing financial distress, automotive sales had been increasing steadily across the globe. But, since the lifting of the lockdowns and resumption of manufacturing in the third quarter of 2020, as the first COVID wave waned, vehicle sales have started rising again. Though the 2021 sales might be nowhere near the 2019 numbers, automotive and associated components and parts manufacturers can expect good business.

Automotive HVAC Controllers Market Report 2021

As per P&S Intelligence, the slow but steady surge in vehicle sales will keep propelling the automotive HVAC controllers market across the world. This is because HVAC systems have become integral to all four-wheelers, be it cars, trucks or buses (mostly luxury ones). With people’s burgeoning disposable income, especially in emerging economies, they have been able to afford cars with added features, such as HVAC systems, power steering and windows, and entertainment units, for quite a while now.

Moreover, with the increasing competition in the auto world, vehicle manufacturers are targeting customers with the prospect of more comfort and convenience, with HVAC systems. In temperate regions, including much of North America and Europe, the cold winters create the necessity for heaters, heated windshields, and seats. Similarly, in tropical regions, including South Asia, much of Latin America (LATAM) and all of Africa and Australia, air conditioning inside the vehicle is vital. Thus, with the increasing automotive sales around the world, the demand for HVAC controllers is rising too.

Thus, as a result of the growing auto sales, Asia-Pacific (APAC) is expected to be the most-lucrative automotive heating, ventilation, and air conditioning (HVAC) controllers market in the coming years. Already, APAC accounts for the highest automotive production and sales, which have been pushing the demand for various associated components up. As per the International Energy Agency (IEA), compared to 5 million in 2005, 25 million cars were sold in China in 2009. Similarly, car sales in India grew from 1 million to 4 million during the same period.

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Thus, as vehicle sales boom, so will the installation rate of automotive HVAC controllers.

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How are Surging Cancer Cases Driving Molecular Biology Kits & Reagents and Enzymes Market?

 The prevalence of cancer across the world is rising at a significant rate. According to the World Health Organization, cancer is the second leading cause of death worldwide, and was responsible for about 9.6 million deaths in 2018. Cancer basically arises from the transformation of normal cells into tumor cells, which is a multistage process and usually progresses from a pre-cancerous lesion to a malignant tumor. Some of the major risk factors for cancer include alcohol usage, tobacco consumption, physical inactivity, and an unhealthy diet. If diagnosed early, cancer can be dealt with getting proper treatment and palliative care. 

However, researchers are still striving to find a definitive cure for cancer, which could further aid in reducing the burden of the disease. Attributed to this, the demand for molecular biology kits & reagents and & enzymes is growing swiftly. These products are utilized for performing ribonucleic acid (RNA) analysis, deoxyribonucleic acid (DNA) isolation, cloning, polymerase chain reaction, DNA sequencing, RNA extraction, and protein analysis. They are also used for performing several diagnostic tests, genetic analysis, molecular tests, and aid in drug discovery and development. Associated with the field of biochemistry, biology, and genetics, molecular biology products allow scientists to understand the cellular systems in a better and simplified manner. 

Among the different products, namely kits & reagents and enzymes, the larger demand in the past was created for kits & reagents. Hospitals & diagnostic centers, academic and research institutes, and pharmaceutical and biotechnology companies make use of these molecular biology products. The largest demand for molecular kits & reagents and enzymes in the past was created by academic and research institutes for different research and development activities. The growing adoption of these products in different industries is predicted to result in the growth of the molecular biology kits & reagents and enzymes market

Thus, in order to provide proper diagnosis for these diseases and for research regarding effective cures, molecular biology products are increasingly being adopted.   

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