Due to expanding globalization among the business organizations worldwide, the need for effective collaboration techniques for real-time video communication is spurred substantially. In addition to this, organizations look for cost effective solutions that can fulfil their need seamlessly.
Declining prices of microdisplays together with the escalating demand for light weight wearable computing devices is the major force fueling the market growth. Declining prices of microdisplays has enabled manufacturers to manufacture low cost HMD prototypes, thereby enabling them to better penetrate the consumer market in price sensitive emerging economies.
The growing need for efficient interoperable communication during mission critical operations is identified as the major factor driving the dispatch console systems market. In addition, introduction of advanced dispatch consoles with improved features are expected to trigger the replacement of conventional dispatch systems. The dispatch console industry is witnessing a shift in paradigm from TDM-based dispatch systems to IP-based systems. The ongoing transition is one of the major trends prevailing in the industry and is expected to have positive impact on the market growth.
Electrical conduit systems refer to a subset of cable management systems used for protection and routing of electrical wires/cables. These are tubular structures designed to carry wires and cables and are available in rigid as well as flexible forms. Electrical conduit systems are available in both metallic as well as non-metallic materials. The most significant factor fueling the market growth is rising construction industry worldwide.
Conditional access systems are content protection solutions equipped in the receiving devices such as set-top box. These solutions are designed to restrict any unauthorized access to broadcast services in television, internet services and digital radio. On the basis of solution type, the market is segmented into smartcard-based and card-less CAS. The most significant factor fueling the market growth is the increasing digital television penetration coupled with the mandatory digital television transition.
Drip irrigation are high water efficiency irrigation systems designed to apply water near the roots of plants. The water is distributed across the field using lateral tubing and applied through drippers installed on the tubing at equal intervals. The drip irrigation systems market is largely driven by the superior water efficiency over other irrigation techniques. Accurate water application results in better agricultural production with minimal water loss. Due to rising water scarcity issues worldwide, the adoption of drip irrigation systems is expected to rise substantially in the coming years.
The introduction of enterprise mobility in the healthcare industry has enabled medical fraternity to focus on a patient-centric approach, thereby minimizing effects of limited nursing workforce and service expenses. Proliferation of mobile devices such as tablets, smartphones, and PDAs coupled with the growing need for streamlining operations and offerings within the healthcare facility is expected to have a positive impact on the growth of the healthcare mobility solutions market.
Micro irrigation systems are water efficient irrigation systems that deliver water with minimum losses. Micro irrigation systems are among the most promising ways of achieving productive agricultural practices. The demand for these systems is mainly driven by the rising water management issues coupled with need for higher food production. As a result, many national governments are taking initiatives for achieving higher penetration of micro irrigation systems. This is another factor fueling the micro irrigation systems market growth. Micro irrigation systems are used for different applications including agriculture, public parks, large gardens, sports grounds and others.
Growing interest in location-based services (for remote monitoring and navigation purpose) coupled with the advancements in aerial camera platforms and technologies is expected to drive market demand during the forecast period 2015 – 2022. In addition, introduction of Unmanned Aerial Vehicle (UAV) and Personal Aerial Mapping System (PAMS) has completely revolutionized the field of aerial imaging. These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 12.5% during the forecast period 2015 – 2022.
This report on global 3D bioprinters market studies various technologies used for specific applications in the field of healthcare. bioprinters helps to replicate human organs and long term goal is to create a whole organ with this technology. However, this technology is in its rudimentary stage and as the system in developing stage it is slowly being accepted in the mainstream medical field.
The global human machine interface (HMI) market is expected to see the significant growth through the forecast period 2015 – 2022 which represents a positive outlook for industry players and trade partners across the value chain of human the industry. Human machine interface (HMI) solutions providers are introducing advanced technologies in order to match customers’ requirements.
Machine vision and inspection solutions are becoming integral part of the industrial automation process. Rising awareness about the benefits of machine vision and inspection is increasing the demand for machine vision and inspection solutions globally. In addition, the demand for machine vision and inspection systems is growing rapidly with continuous advancement and reducing prices.
Perpetually increasing demand for quantum dots based LED displays is identified as the major factor driving the quantum dots display (QD display) market. The increasing demand can be attributed to the superior characteristics offered by quantum dots in terms of energy efficiency, brightness, and color purity. Furthermore, government regulations promoting the use of energy efficient products have had positive impact on the technology adoption and market demand.
Smart grids are expected to gain large traction in the coming years. This is mainly attributed to the ever rising consumption of electricity worldwide. Nevertheless, smart grid installation is accompanied by huge volumes of data generated from the smart grid network which needs to be analyzed effectively. Smart grids generate large volumes of data which can be used to analyze different parameters such as consumer behavior, operation of grid components and overall network health.
Countries across the world are facing challenges from increasing number of terror attacks and crimes and looking for advanced solutions which improve the security at both public and private places. Traditional individual authentication technologies such as passwords and tokens can be easily hacked by unauthorized person. Biometrics technology enables the users to overcome this challenge and reduces risk of providing access to unauthorized person as this technology uses an authorized person’s physiological or behavioral characteristics for identification.
Rising construction industry worldwide along with growing energy demand has resulted into strong need for more efficient cabling infrastructure. In addition, due to growing IT & telecommunication industry, the demand for cable handling products is expected to remain strong in the coming years. Cable management systems manufacturers across the globe are focused on delivering advanced products that offer easy installation and better protection.
The proliferation of enterprise mobility, cloud computing, and web-based applications have paved the way for web gateways to emerge as one of the most valuable tools for businesses to drive their processes. However, with the growing use of web-based technologies in business processes, threats in form of cyber attacks and other cyber-criminal activities have increased considerably. This has attracted the attention of business enterprises towards web security solutions.
Facial recognition refers to a biometric security system that is based upon identifying a person from a digital image or video frame. Unlike the conventional security systems such as fingerprints and iris recognition, facial recognition system works on the facial features of human beings. The facial recognition technology conducts identification based on various facial features such as cheek bones, distance between eyes, and eye-brows.
Standalone intraoral scanners are digital impression equipment used to scan the intraoral areas for dental treatment. These devices are based upon optical technologies such as laser and light emitting diodes (LED) which are used to scan the required intraoral portion. Standalone intraoral scanners are used to develop three-dimensional (3D) digital models which are highly precise and detailed.
This report analyzes the global e-paper display market in terms of product types, technology, and geography. On the basis of product types, the market is segmented into e-book readers, mobile phones and PC, poster and signage, smart packaging and smart cards, and others (navigation screens, avionic displays, etc.). Similarly, on the basis of technology, the market for e-paper displays is further classified into electrophoretic, electrowetting, cholesteric, and others (electro chromic, etc.).
Smart cards are integrated circuit (IC-based) devices that can be used for various electronic applications. These devices are used by connecting them to a smart card reader by physical or contactless connection. Smart cards equipped with IC chips that can hold more information as compared to the traditional magnetic strip and bar code cards. This enables better security features making cloning and other misuse of smart cards difficult.
This report analyzes the global mobile augmented reality market in terms of component, end-use application, and geography. On the basis of components, the market is segmented into hardware (display, sensors, and semiconductor component), and software. Similarly, on the basis of end-use application, the market for mobile augmented reality is further classified into consumer (gaming, and entertainment) and enterprise & public sector (retail, healthcare, education, military, architectural building modeling, etc.).
IoT has become a mainstream technology in the IT industry, utilized to connect all the smart objects over an integrated network through internet. This enable end-users to control and monitor connected devices and process in real-time. Broadening application areas of IoT technology especially in healthcare, automotive and transportation sectors boosting the market growth across the globe.
Traffic enforcement cameras are the one that are installed over or beside a road. It may be mounted in an enforcement van to identify traffic guideline violations. Traffic guideline violations include vehicles passing through red light traffic, over speeding of vehicles, unauthorized usage of bus lane or recording for automobiles such as car, truck and others inside a blocking charge area.
Membrane separation technology is used for separation of materials based on their molecular arrangement. Ultrafiltration, microfiltration, nanofiltration and reverse osmosis are the prime methods for performing membrane filtration. Growing preference for providing clean and treated water, stringent government regulations to provide clean potable water is urging the water processing industry for adopting membrane filtration technologies.
This report analyzes the global transportation management systems (TMS) market in terms of deployment, end-use application, and geography. Based on deployment method, the global transportation management systems market is segregated into on-premise and on-demand or cloud-based.
This report on digital forensics market studies various digital forensic types and services. Digital forensics is a branch of forensic science encompassing the recovery and investigation of material found in digital devices, often in relation to computer crime. Digital forensics investigations have a variety of applications. The world is now wholly dependent on digital devices and this space is continuously evolving. For over a decade, personal computers are being surpassed by mobile devices.
Smart grid refers to an electrical grid system comprising various smart sensing devices, smart appliances and smart meters. It is a network of sensors connected using wireless technology to monitor the energy supply and consumption, state of grid elements and demand response. The network is designed to collect huge amounts of data to further analyze it (using data analytics solutions) for gaining better operational efficiency.
Bring Your Own Device (BYOD) is a concept that permit employees to make use of their personal mobile devices including smartphones, tablets, and laptops for corporate work-related purpose. With the propagation of mobile computing and increased focus towards digitization, enterprises which previously made limited use of applications for business operations are now driving application development for mobile platforms. The proliferation of mobile devices such as tablets and smartphones is an obvious driver of the BYOD concept, but the growing desire among employees towards the use a single device for both personal and work related activities is equally crucial.
In the past few years, the concept of internet of things (IoT) and connected devices such as wireless sensors, smart meters, home automation systems and wearable devices have witnessed strong penetration. Decline in the prices of sensors coupled with the rising wireless connectivity has led to the emergence of ‘smart devices’ that are capable of communicating without human intervention. Nevertheless, with the rise in adoption of connected devices, the data (generated from the network) processing becomes a challenging task.
This report analyzes the global digital camera market in terms of product types, and geography. On the basis of product types, the market is segmented into two major categories, namely – built-in lens digital cameras and interchangeable lens digital cameras. The interchangeable lens digital cameras are further classified into single lens reflex and non reflex digital cameras.
This report analyzes the global identity and access management (IAM) market in terms of deployment, end-use application, and geography. Based on deployment method, the global identity and access management market is segregated into on-premise, on-demand or cloud-based, and hybrid solutions. Similarly, on the basis of end-use application, the market for identity and access management is further classified into telecom and IT, government and public sector, Banking, Financial Services, and Insurance (BFSI), healthcare, retail, energy and oil & gas, and others (education, manufacturing, etc).
This report analyzes the global Mobile Virtual Network Operator (MVNO) market in terms of type, subscriber, operational model, and geography. On the basis of type, the global MVNO market is segmented in to business MVNO, cellular M2M MVNO, discount MVNO, media/entertainment MVNO, retail MVNO, migrant MVNO, telecom MVNO, and others.
Smart grid managed service refers to combined service including different aspects such as software and hardware related to the smart grids. Adopting smart grid managed services helps utility providers realize better operation and value from their energy transmission and distribution business.The services may comprise consulting, data analytics and hardware installation for smart grids. Managed service providers help with strategic decision making as per the requirement of their clients.
Smart mirrors refer to mirror glasses that are equipped with various embedded electronic devicesand connectivity features. Some of the popular electronic devices incorporated in the smart mirrors include sensors,displays, cameras and connectivity equipment.Some of the smart mirrors available in the market also provide touchscreen facility forbetter operation. Smart mirrors find application majorly across automotive, retail, residential and healthcare segments.
Cooling towers refer to a heat rejection device designed to reject the excessive heat from the cooling water stream used in various industrial and air conditioning processes. The circulating water is cooled using blowing air or evaporative heat exchange method. This cooled water can be reused for cooling purpose across different processes. Thus, the prime objective behind using cooling towers is to minimize the overall water usage thereby raising the overall water efficiency.
Introduction of wearable devices such as head mounted displays for consumer applications including gaming and entertainment is one of the major factors driving the virtual reality market worldwide. The introduction of consumer VR devices and the entry of leading companies like Sony, Facebook, and HTC have helped demonstrate the benefits of the VR technology to a wider consumer base. These factors are expected to contribute towards a double digit compounded annual growth rate (CAGR) during the forecast period 2016 – 2023.
Dental practice management software is a group of medical practice management software that assists in generating and compiling clinical, administrative and financial data. These software perform tasks such as scheduling and managing appointments, report generation, billing etc. Increasing implementation of electronic medical records as dictated in the U.S. and other developed markets has urged digitization of healthcare system and hence the demand for practice management software.
Mounting popularity of interactive online channels coupled with the need to improve customer relationship through customer engagement is expected to drive market for chatbots during the forecast period 2016 – 2023. In addition, multitude of research dedicated towards improving capabilities of chatbots (e-integration with messaging platforms, etc.) has been instrumental in driving adoption of chatbots among enterprises.
Enterprise video conferencing refers to video communication designed specifically for the corporate enterprises. These solutions offer better scalability and reliability so as to enable better team collaboration and decision making. With the ever-expanding globalization among the business organizations worldwide, the need for effective collaboration techniques for real-time video communication is spurred substantially. Major business organizations have multiple locations along with highly distributed workforce.
Enterprise video comprises various one-way and two-way solutions such as video conferencing, web conferencing, webcasting & webinars and video streaming. These solutions are used for various applications such as corporate training, learning and development, knowledge sharing and others. Using enterprise video solutions enables business organizations cut-down significantly on the overheads required for traveling and accommodation of their employees in different locations.
This report analyzes the global digital signage market in terms of product types, end-use, and geography. On the basis of product types, the market is segmented into digital signage displays, digital signage media player and projector, and digital signage software among others. Similarly, on the basis of end-use, the market for digital signage is further classified into retail, corporate, transportation, healthcare, banking, and education among others. The geographical distribution of the global digital signage market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
This report analyzes the global augmented reality market in terms of display type, component, end-use application, and geography. On the basis of display type, the global augmented reality market is segmented in to head mounted displays (HMD), handheld displays, head-up displays (HUD), and spatial displays. Furthermore, based on component, the market is segmented into hardware (display, sensors, and semiconductor component), and software.
3D concrete printer refers to a robotic system used for fabricating various building components such as walls, roofs and lintels. The 3D printer deposits a concrete precisely under the operators’ command. The process is completed by laying down successive layers of concrete until the whole object is fabricated. 3D concrete printers are capable of fabricating objects that are difficult/impossible to be manufactured through conventional construction processes.Thus, using these printers can help in achieving faster, safer and environment friendly construction buildings.
The mounting pressure on industrial manufacturers to achieve economies of scale, deliver quality product, sustain profitability, and meet the ever rising consumption demand has led to increased industrial automation. This, in turn has had positive impact on the overall demand for automated optical metrology solutions in inspection, quality control, reverse engineering, and virtual simulation applications. The mounting pressure to match quality standards and high error occurrences in the traditional measuring solutions are further expected to favor market demand during the forecast period 2016 - 2023.
This report analyzes the global real time location system (RTLS) market in terms of technology, end-use vertical, and geography. On the basis of end-use vertical, the global market for real time location system is segmented into healthcare, transportation and logistics, industrial manufacturing and processing, government, hospitality, retail, and others (education, etc.). Similarly, on the basis of technology, the global real time location system (RTLS) market is further classified into RFID, Wi-Fi, ZigBee and UWB (Ultra-wideband), ultrasound, infrared, and others (Hybrid Technologies, GPS, etc.). The geographical distribution of the global real time location system market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Televisions are among the most prominent sources of home entertainment across the households worldwide. Due to high popularity and penetration of television services across the world, new technologies and the content delivered over television channels have always been warmly welcomed by the consumers. With the rising availability of broadband internet services, the conventional television services such as satellite/cable are now being replaced by internet-based services.
With the rising number of internet users worldwide, the demand for OTT content has risen substantially in the past few years. According to the International Telecommunication Union (ITU), the number of internet users accounted for over 16% of the global population in 2005 and has risen to over 40%, as of 2014. Due to rising advancement and penetration of smart mobile devices such as smartphones, tablets and consumer electronics such as smart televisions, the OTT market has flourished significantly in the recent years.
This report on nanobiotechnology market studies various technologies and application. Nanobiotechnology deals with biological and biochemical applications or applications. Nanobiotechnology mostly studies existing elements of living organisms and nature to fabricate new nano-devices. The potential uses and benefits of nanotechnology are vast. The major applications of nanobiotechnology exist in biomedical field and are primarily targeted towards development of novel drug delivery systems, and it is expected to remain the major application of nanobiotechnology throughout the forecast period.
Drones, also referred to as unmanned aerial vehicle (UAV), are aircraft systems that are capable of operating without any human pilot aboard. Any aerial vehicle, without human pilot aboard, that is operated through remote control/station is referred to as drone. Drones are available in various sizes and configurations and hence can be used across an array of applications in the defense sector.
Quality management system refer to set of software comprising various solutions for audit management, document handling, training and other quality processes. The principal aim behind deploying quality management software is to ensure all the business process are carried without errors thereby obtaining quality output. Quality management software is designed for implementation across the entire value chain of the organization to ensure the end product is up to the mark and complies with regulations and quality standards.
Picture Archiving and Communication Systems or PACS is a networking technology used for storage, transmission and management of medical images. PACS is a constantly evolving concept and often operates hand-in-hand with other healthcare concepts such as remote patient monitoring, EMR and telemedicine. PACS allows healthcare systems to store and manage medical images through local or remote servers and cloud. Efficient and appropriate installation of PACS offers faster diagnosis, better understanding of treatment outcomes, efficient decision making, cost saving, multiple consultations and others.
An industrial pump is a device used to transfer fluids (gases or liquids), or sometimes semi-liquid mixture by mechanical action. A positive displacement pump is a type of industrial pump used to displace or transfer fluid from the inlet pressure division into the discharge tube/pipe. Unlike centrifugal pumps, positive displacement pumps transfer fluids at the same speed irrespective of the pressure.
X-ray inspection systems are automated systems that use X-rays as a source to inspect defects and other inconsistencies in products during quality control and risk management processes. Thus, X-ray inspection, a non-contact imaging technique has garnered lot of interest among manufacturers as one of the promising non-destructive testing (NDT) techniques.
In the light of severe and more lethal terrorism events taking place in across the globe, evolution of intelligence strategies is occurring like never before. The intelligence technologies market, once dominated by North America and Western Europe is gradually moving towards the eastern hemisphere. Evolution in ICT technologies, development of technology payloads, high relevance of cyber security and developments in sensors segment are some of the key factors determining the growth trends in the global advanced electronic systems market.
This report analyzes the global mobile wallet market in terms of application, end-use, and geography. On the basis of application, the market is segmented into mobile commerce, money transfer, mobile recharge, utility and bill payments, and other applications.
Medical imaging professionals continue to experience the beneficial applications of healthcare IT. One of such technologies is picture archiving and communications system (PACS) which allows any healthcare organizations to capture, store, view and share all types of images internally and externally. When deploying a PACS, the organization needs to consider the environment in which it will be used (inpatient, ambulatory, emergency, specialties) and the other electronic systems with which it will integrate. Radiology information systems (RIS) are computerized databases that are utilized to track, manipulate, and distribute patient data and imagery.
Growing interest in 3-dimensional imagery for navigation, positioning, and monitoring applications across diverse end-use verticals such as defense and aerospace, construction, disaster management, resource extraction, and power is driving the global LiDAR market. The growing demand in diverse end-use verticals has been further aggravated by technological advancements in aerial platforms and imaging technology.
Smart parking structures are the systems that assist drivers to find and locate available parking space, thereby avoiding the hunt for parking without hassle and saving time and cost on fuel. The system is a combination of hardware and software components including sensors, smart parking meters, computerized payment systems, and analytics that assist drivers to locate parking space at the desired location and pay for the services in advance.
This report analyzes the global airport security market in terms of technologies deployed and geography. Based on technology, the global airport security market is segregated into surveillance, access control, perimeter security, screening, and cyber security among others. The geographical distribution of the global airport security market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Cable management comprise products used for installation cables and wires across different construction applications. The overall cable management comprises various products such as electrical conduit systems, electrical raceways, cable trays and floor ducts among others. These products are used in combination to organize and maintain the overall wiring system of a building. This makes cable management among the most important systems for the construction sector. Cable management systems are commonly used across diverse range of end-use applications including IT & telecommunication, industrial, residential, commercial, energy & utility, transportation, metal & mining and others. Cable management enables easy maintenance and convenient modification of wiring system. The overall cable management systems market in the U.K. is highly driven by strong construction sector here.
Increasing electricity expense resulting in need for optimum energy conservation is expected to transform the complete lighting industry, driving digitization and hence smart lighting demand. The advent of Internet of Things (IoT) technology and initiatives taken by the governments across the globe to develop smart cities are instrumental in driving demand for smart lighting solutions worldwide.
This report analyzes the global center pivot irrigation systems market in terms of types, components, applications, crop type and geography. On the basis of type, the market is segmented into stationary and mobile center pivot irrigation systems. On the basis of applications, the market is further classified into agriculture and garden & landscapes.
Recirculating chillers refer to a closed-loop system that is designed to cool an external device. These are portable systems and hence offer high flexibility of operation irrespective of location and space. Today, manufacturers are focusing on developing compact chillers that can be installed over small places making them suitable for wide array of applications.
Electric motors are the prime movers which are used across different industry verticals such as manufacturing sector, power generation, construction and mining, automobile and many others. Electric motors offer exceptional advantages such as high efficiency, long life, low maintenance and low initial cost. These are available in wide varieties including AC motors, DC motors, induction motors, synchronous motors and many others.
Present day technology depends heavily upon interface of the electronic devices. Interface-based devices such as ATM machine screens, mobile phones, touch panels for different applications, home and car infotainment systems, are a part of technology which helps in convenient interaction with machines. Touch panels display has become an integral part of modern day electronic devices. The trend of using touch panel has witnessed profound penetration across various applications.
With the rapid growth in automation technologies, greater avenues are created to make human life trouble free. Basic function of automation is to simplify the everyday activities and reduce human interventions. Automation helps to increase the productivity of equipment by saving power and reduces unproductive cycle time.
With the growing consumption of energy worldwide, better energy monitoring system is required to track energy usage. Ever rising electricity consumption coupled with wastage has become a concern for both utilities as well as consumers. Today’s world is of data analytics and details related to energy usage as well as wastage can help to reduce energy wastage.
Healthcare and medical devices is one of the fastest growing industries across the globe. New devices and equipment are constantly being developed in order to reduce the suffering of patients. One of the most important aspects in treatment of patient is their mobility.Patients having lower limbs disabilities find it highly difficult to mobilize themselves. Conventional wheelchair, also termed as manual wheelchair, has been the sole solution available since several years.
This report analyzes the global in-flight connectivity market in terms of type, hardware, service, technology, and geography. The global in-flight connectivity market has been segmented based on type into hardware and service. The hardware segment is further sub-segmented into antenna, LAN controller, access point, hotspot gateway and other hardware. Based on services, the market is bifurcated into connectivity and entertainment service.
The report titled “Bioinformatics Market- Growth, Future Prospects, and Competitive Analysis, 2016 – 2024” offers strategic insights into the overall bioinformatics market along with the market size and estimates for the duration 2014 to 2024. The said research study covers in-depth analysis of multiple market segments based on type of products & services, applications and different geographies. Bioinformatics helps to carryout processes such as recovery, storage, processing, management and analysis of organic information through statistical techniques coupled with modern information and technology base.
Rising globalization of business worldwide has led to cut-throat competition amongst such organizations, over the period of time. Enterprises are now more focused towards optimizing their output with significant reduction in overheads. Thus, optimal efficiency of business processes (internal as well as external) becomes a major concern for business enterprises. Gamification refers to application of game mechanics and design techniques by integrating them in internal business processes, portals, websites as well as marketing campaigns.
Digital technology is transforming the way organizations conduct business activities and interact with their customers. Growing integration of IoT technologies in business process is increasing the uptake of digital solutions and service across the globe. Also, increasing government spending on e-governance and introduction of digital initiatives in both developed and developing regions are expected boost growth of the digital transformation market over the forecast period. Further, implementation of mobility policies across enterprises is supporting the market growth.
The global SCADA market is projected to experience a CAGR of over 8% during the forecast period. The adoption of SCADA system is primarily driven by increasing demand of renewable energy in the energy & utility sector. Also, widening application of SCADA systems and solutions in automotive and healthcare sectors is further fueling the growth of the market across the globe. Other factor driving the market growth are rising integration of IoT technologies across utilities and reduction in long term maintenance and operational cost. However, high initial cost of SCADA system is hampering the growth of the market.
The global mobile payment market is anticipated to witness a CAGR of over 30% from 2016 to 2023. Financial institutions and banks are increasingly shifting towards financial technologies to enhance customer overall experience by offering mobile payment services. This, in turn, is increasing the uptake of mobile payment solutions and services across the globe.
Growing focus of enterprise to enhance overall customer interaction experience is one of major drivers boosting growth of the WebRTC market. Also, widening application area of WebRTC solutions in BFSI and public sectors is driving the adoption of WebRTC enabled solutions and services. Further, increasing demand for real-time communication and increasing number of social networking and internet users is expected to support growth of the WebRTC market over the forecast period.
Voice over Internet protocol (VoIP) has become a mainstream technology in communication industry with major industry verticals bringing in house real-time communication solutions and services. Growing adoption of hybrid cloud-based communication model in mid- and large-sized enterprises is boosting growth of the VoIP market across the globe.
Televisions are among the most prominent sources of home entertainment across the households worldwide. Due to high popularity and penetration of television services across the world, new technologies and the content delivered over television channels have always been warmly welcomed by the consumers. Over the period of time, television industry has evolved from bulky cathode ray tube (CRT) televisions to sleek and advanced flat screen organic LED (OLED) television sets.
Managed file transfer software is gaining traction among end-user organizations as it offers advanced features over traditional file transfer protocol (FTP) software. Also, increasing need of enterprises to enhance data security and governance is boosting growth of the managed file transfer market across the globe. Further, improved business performance and productivity is driving the market growth.
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