There is a Huge Potential in India Structured Cabling Market in Telecommunication Sector by 2023

On the brighter side, the nationwide demand for Wi-Fi services is on the rise, giving market players lucrative opportunities in the present and immediate future. Category 5 and Category 5e UTP were the cables of choice for over a decade, but a shift is now being seen toward Category 6 and 7, driven by the need for greater data transfer rate and higher bandwidth.

Companies want more bandwidth for video conferencing and digital audio streaming. As these processes are being increasingly utilized in the government, commercial, telecommunications and industrial spaces, the structured cable market in India continues to prosper.

Coming to the recent scenario (2013–2017), copper cables enjoyed the largest share in terms of revenue in the India structured cable market. While copper cables will still be the most widely sold in 2018–2023, the demand for fiber components will see the sharpest surge.

In terms of the type of wire, Category 7 wires gained the most during the historical period, and the same trend will continue through 2018–2023. Now, since Bangalore, the IT hub of India, is in its southern part, this is where the sector generated the highest revenue during the historical period. However, during the forecast period, the market is expected to witness the highest CAGR in the eastern part of the nation.

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Players are gearing up to meet consumer demands and consolidate their position in the domain by launching more products or establishing manufacturing plants across the country. Belden Inc. announced plans in 2017 to set up a manufacturing facility in Pune for ethernet switches, fiber optics and copper cables, and coaxial cables. 

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How is Need for Innovative Healthcare Information System Driving Laboratory Information System Market?

The requirement for advanced healthcare information system is increasing rapidly, which is why the need for laboratory information system (LIS) is rising as well. LIS includes a set of hardware and programs that are part of an integrated system designed for healthcare information. The system captures complex data and information which is related to medical and industrial laboratories. LIS aids in compiling the services related to treatment, care & rehabilitation, and diagnosis. The integrated healthcare system saves diagnosis time by streamlining back office operations and also aids in sharing information and discussing the treatment plan among doctors as per the patient’s need.

The laboratory information system market is expected to witness significant growth during the forecast period. Industrial, clinical, and drug discovery are the three applications of LIS. Among these, the largest demand for laboratory information system was created for clinical applications in the past and the situation is projected to remain the same in the coming years as well. LIS are utilized in healthcare laboratories for clinical purposes including sequencing and molecular testing. Clinical LIS help automate all the major processes and generate accurate results efficiently. The demand for LIS for clinical applications is rising because of growing number of tests and higher cost because of the emergence of new technologies.

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The growth in molecular diagnostics is contributing significantly to the increasing demand for LIS. Molecular diagnostics is a branch of in vitro diagnostics and is based on determining nucleic acid sequencing primarily for medical applications. Sequence determination is largely performed by making use of methods that are based on hybridization of labeled DNA probes with target nucleic acid sequences. The market for molecular diagnostics is changing rapidly for the better and the novel technologies are projected to yield product line extensions and machined for point-of-care market as test automation expands. This is expected to drive the market in the coming years.

The adoption of mobile-based application sand solutions is a key trend in the laboratory information system market. Mobile devices such as tablets and smartphones play a vital role in providing personalized health solutions. Multi-functional personalized mobile information systems offer a wide range of communication and information services to both clinicians and patients through smartphones. The utilization of mobile devices also decreases the need for patients to visit clinics or hospitals every time they require a diagnosis as their problems can be diagnosed by using mobile devices. Due to these factors, new mobile systems that aid in retrieving laboratory data easily have been designed.

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Cyber security Market Regional Revenue, Trends, Opportunities and Future Prospects

The cyber security market is predicted to grow substantially in the coming years due to the strict government regulation for data privacy, surging incidence of cyber-attacks, and increased utilization of mobile devices. Cyber security is a comprehensive system of technologies, practices, and processes which provide security to data, software programs, computers, and IT networks from any kind of unauthorized access, damage, and attack.

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In terms of component, the market is bifurcated into service and solution, between which, solution is expected to account for the major share of the market in the near future.When security type is taken into consideration, the cyber security market is divided into wireless, application, cloud, network, endpoint, and others (which include perimeter security, email security, information security, and web security).

Out of these, the application division held the largest share of the market in the past and is further predicted to dominate the market in the coming years. The reason for this is the rising requirement for protecting enterprise applications and data, increasing deployment of third-party applications, and surging complexity level of cyber-attacks.

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On the basis of industry, the cyber security market is categorized into manufacturing, IT & telecom, retail, healthcare, banking, financial services, & insurance (BFSI), government and public utilities, aerospace & defense, and others (which include hospitality, education, and automotive). Among these, the aerospace & defense category dominated the market in the past and is further predicted to account for the major share of the market in the near future. The BFSI category is projected to advance at the fastest pace in the near future.

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Automotive E-Tailing Market Growth and Demand Forecast

The automotive E-Tailing market offers a wide range of automotive components including infotainment systems, interior accessories, engine parts, tires-wheel, and electrical components. The E-Tailing market offers easy and hassle-free transactions as it includes various global and established players such as Alibaba, Amazon, AutoZone and eBay that is supporting positive growth in the market. E-Tailing is at the emerging stage in the developing markets such as India and Brazil, whereas the market is already growing significantly in countries such as the U.S., the U.K., and Germany due to high adoption E-Tailing by end users and availability of large number of seller.

Insights on market segments

As per the findings of research, the global automotive E-Tailing market has been segmented into different component which include infotainment system, interior accessories, engine parts, tires and wheels, and electrical products. The tire and wheel segment held the largest share in the global automotive E-Tailing market in 2016. The major factors driving the growth of the E-Tailing market is growing adoption of online shopping for automotive components by the end-users along with the availability of wide range of product at discounted price.

Asia-Pacific stands as the largest region for global automotive E-Tailing market

In 2016, Asia-Pacific dominated the global automotive E-Tailing market with over 44% share. The Asia-Pacific E-Tailing market is expected to grow at a CAGR of 13.7% supported by the largest market in China followed by India and Japan in during the forecast period. Such growth is likely to be driven by increase in GDP and rapid economic growth in developing countries such as India and China. Additionally, growing number of new players and startups are entering in the Asia-Pacific market and selling their products in Tier-I cities. The trend for online shopping has increased in recent years and the new and the established players are leveraging the positive growth in the automotive E-Tailing market. Moreover, the government is supporting the startups and providing them financial assistance and easy funding policies.

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GLOBAL AUTOMOTIVE E-TAILING MARKET

• By Application – Passenger Cars, Commercial Vehicles and Two-Wheelers
• By Product label - Genuine Label Products and Counterfeit Label Products
• By Vendor type - OEMs and Third Party
• By Component – Tires and Wheel, Infotainment and Multimedia, Interior Accessories, Electrical and Electronics, Powertrain and Others
• By Region –Asia-Pacific, Europe, North America, and Rest of the World (RoW).

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Soaring Global Temperature to Fuel Boom in Heating, Ventilation, and Air Conditioning Market till 2030

Due to the escalating demand for heating, ventilation, and air-conditioning (HVAC) equipment for various buildings and other enclosed spaces, rising government measures for HVAC adoption, and soaring global surface temperature, the HVAC market is expected to witness stable growth during the forecast period (2020–2030).

The market is predicted to increase in value from $240.8 billion in 2019 to $367.5 billion by 2030. HVAC equipment is widely used for heating and cooling purposes in residential, industrial, and commercial buildings.

The rapid rise in temperature, on account of global warming, is the biggest factor boosting the demand for cooling equipment, thereby driving the growth of HVAC market globally.

Global warming is mainly caused by the release of nitrogen oxides, methane, carbon dioxide (CO2), chlorofluorocarbons (CFCs), and other greenhouse gases, due to the burning of fossil fuels. According to the National Aeronautics and Space Administration (NASA), in 2017, there was a 0.90 °Celsius increase in the average global temperature from the 1951–1980 period.

The rise in the supportive measures and regulations launched by various governments across the globe is another important factor fueling the surge in the HVAC market revenue. For instance, the Environmental Protection Agency (EPA) is planning to expand the laws pertaining to the reduction in CFC and other ozone-layer-depleting substances’ emission.

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Furthermore, in 2018, the Indian Ministry of Power launched Eco-Niwas Samhita, which makes it mandatory for residential and mixed-land-use buildings to set minimum performance standards related to heat gain and heat loss.

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Robotic Process Automation Market And its Growth prospect in the Near Future

The surging requirement for virtual workforce is a key factor contributing to the growth of the robotic process automation market. The growing digitization has been encouraging enterprises to adopt best practices which provide service in a timely manner and are cost-effective. Virtual workforce aims to automate business processes in order to save both cost and time and thus is a big part of digital transformation. By automating mundane and repetitive tasks, virtual workforce allows employees to focus on tasks that need human intervention for better decision making, which is why its demand is increasing.

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Another primary factor driving the growth of the robotic process automation market is the reduction in workforce due to the deployment of RPA. Routine and mundane tasks are performed with high efficiency with the utilization of virtual workforce, thereby eliminating the need for human intervention. In addition to this, as virtual workforce has the capability to work around the clock, it offers scalability and reduces operational cost by 25–50%. RPA systems can work continuously as opposed to human, who have the capability to work for limited hours.

Market Dynamics

1.1 Trends

1.1.1 Process-based business approach in organizations

1.1.2 Advancements in artificial intelligence and cognitive computing

1.2 Drivers

1.2.1 Greater ease of doing business

1.2.2 Surge in the demand for virtual workforce

1.2.3 Decreasing cost of automation software and services

1.2.4 Reduction in workforce cost

1.2.5 Impact analysis of drivers on market forecast

1.3 Restraints

1.3.1 Constant change in automation technology landscape

1.3.2 High risk of business failure

1.3.3 Lack of technical workforce

1.3.4 Impact analysis of restraints on market forecast

1.4 Opportunities

1.1.1 Adoption of robotic process automation in the healthcare industry 

1.1.2 Integration of artificial intelligence in robotic process automation

The integration of artificial intelligence (AI) in RPA is creating wide opportunities for the players operating in the robotic process automation market. AI allows systems to process unstructured information into structured output, which is then analyzed by RPA in order to deduce information for the decision-making process. With the integration of AI, RPA can mimic human activities through pattern detection and speech recognition capabilities, and can handled unstructured and structured data. This can further help robots to learn how to process and improve with time.

Hence, the market is growing due to the reduction in workforce and rise in demand for virtual workforce. 

The research offers historical market size of the global robotic process automation market for the period 2013–2017 and market forecast for the period 2018–2023.

Market Segmentation by Process

• Automated Solution
• Decision Support & Management Solution
• Interaction Solution

Market Segmentation by Operation

• Rule Based
• Knowledge Based

Market Segmentation by Offering

• Software
• Service
  • Professional
  • Training
  • Implementation

Market Segmentation by Enterprise Size

• Large Enterprise
• Small and Medium Enterprise

Market Segmentation by Vertical

• Banking
  • Software
  • Professional Services
  • Training Services
  • Implementation Services
• Financial Services
  • Software
  • Professional Services
  • Training Services
  • Implementation Services
• Insurance
  • Software
  • Professional Services
  • Training Services
  • Implementation Services
• Telecom & IT
  • Software
  • Professional Services
  • Training Services
  • Implementation Services
• Retail & Consumer Goods
  • Software
  • Professional Services
  • Training Services
  • Implementation Services
• Manufacturing
  • Software
  • Professional Services
  • Training Services
  • Implementation Services
• Healthcare & Pharmaceuticals
  • Software
  • Professional Services
  • Training Services
  • Implementation Services
• Others (Travel & Tourism, Hospitality, Transport & Logistics)
  • Software
  • Professional Services
  • Training Services
  • Implementation Services

 

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How is Booming Automobile Sector Propelling Surge in Global Automotive Electronics Market?

The global automotive electronics market is expected to register a CAGR of 9.3% during the forecast period (2020–2030) and record a significant increase in its valuation, from $235.7 billion in 2019, to $615.3 billion by 2030.

The major factors boosting the growth of the market are the increasing demand for vehicles and the soaring number of government measures and regulations being enacted for making the vehicles fuel-efficient and safer. Automotive electronics refer to the electronic systems integrated in vehicles for enhancing or even enabling their performance.

One of the key factors pushing the growth of automotive electronics market is the rapidly increasing sale of vehicles around the world. In this day and age, automotive electronics contribute nearly 35% of the total cost of an average automobile, a considerable increase from the 5% contributed by these components in 1970.

This number is projected to significantly increase in the future, thereby driving the industry revenue. According to Organisation Internationale des Constructeurs d'Automobiles (OICA), the total automotive sales during 2014–2018 stood at around 95.1 million.

The rise in government regulations and measures aimed at improving the safety and efficiency of vehicles is another major factor driving prosperity in the automotive electronics market.

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In various countries, such as the U.S., Japan, and China, the governments are initiating the mandatory installation of various emission-controlling systems, such as positive crankcase ventilation (PCV) valve, catalytic converter, evaporative controls, and exhaust gas recirculation (EGR) valve, in vehicles. Furthermore, the governments are also making the use of certain autonomous driving systems mandatory, in order to improve road and passenger safety.

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