Month: June 2021

Standalone cyber insurance solutions allow companies to immediately compensate the first and third parties for the losses incurred due to a data breach. These policies reimburse the costs that an insured will incur when responding to a data breach or a cyberattack. This may include information technology (IT) forensic costs, data restoration costs, credit-monitoring costs, public-relation expenses, and cyber extortion costs (such as ransom payments to hackers).

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When enterprise is taken into consideration, the cyber insurance market is bifurcated into small and medium enterprises (SMEs) and large enterprises. Between these, the large enterprises category is predicted to dominate the market in the upcoming years. This is because of the growing adoption of cyber insurance solutions by large businesses for minimizing the risks associated with various cyberattacks. Moreover, cyber-attackers usually prefer large enterprises to hack, as these companies store large volumes of confidential data. 

Geographically, the cyber insurance market will demonstrate the fastest growth in Asia-Pacific (APAC) in the upcoming years, as per the estimates of P&S Intelligence, a market research company based in India. This is attributed to the increasing cybersecurity challenges such as cloud security vulnerabilities and attacks on blockchain systems, in the regional countries such as China and India. Additionally, these countries are rapidly implementing policies for improving cybersecurity, which is subsequently fueling the market expansion in the region.

Thus, the demand for cyber insurance solutions will rise tremendously in the coming years, primarily because of the growing incidence of cyberattacks and data breaches and the increasing implementation of policies that mandate the incorporation of cybersecurity technologies by the governments of several countries.

According to the International Energy Agency (IEA), nearly 14,370,678 battery electric vehicles (BEVs) and 7,761,233 plug-in hybrid electric vehicles (PHEVs) cars will be sold by 2030. The IEA further states that around 3.21 million BEV buses and 358,921 PHEV buses will be operating on the roads across the world, by 2030.

By the same year, the stock of BEV vans will stand at 11.04 million units, whereas the stock of PHEV vans is expected to reach around 1.95 million. The increasing adoption of EVs and the subsequent rise in the requirement for an extensive EV charging infrastructure will fuel the EV charging cables market growth during 2021–2030. According to P&S Intelligence, the market revenue stood at $250 million in 2020.

Governments across the world are investing huge amounts in creating EV charging stations to offer uninterrupted power supply to the owners and drivers of such new energy vehicles. Moreover, the soaring concerns being raised over the escalating air pollution levels are also boosting the adoption of EVs, which is, in turn, fueling the need for EV charging cables worldwide.

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Usage of these clean energy vehicles helps in reducing the emission of greenhouse gases (GHGs) as they can completely eliminate tailpipe emissions. As these vehicles help in environmental preservation, governments are implementing strict emission norms that are accelerating the production and adoption of EVs. For instance, the Indian government enacted the Bharat Stage VI norms to curtail GHG emissions in the country.

The global transparent display market revenue will increase from $524.7 million in 2018 to $4,933.6 million by 2024, while the market will progress at a CAGR of 46.2% from 2019 to 2024. Depending on application, the market is categorized into digital signage, heads up display (HUD), head mounted display (HMD), and smart appliance.

Out of these, the digital signage category dominated the transparent display market in 2018. This was because of the extensive usage of digital signages by end users such as the transportation, retail, education, and healthcare industries. The retail industry is the biggest user of digital signages, followed by the transportation industry. The market is also classified, depending on resolution, into high definition (HD), full HD, and ultra-high definition (UHD).

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Amongst these, the HD category led the market in 2018. This is attributed to the fact that the transparent HD displays are cheaper than both UHD and full HD displays. Moreover, due to the high cost of transparent displays, people are reluctant to purchase high-resolution products. Geographically, the transparent display market will demonstrate the fastest growth in Asia-Pacific (APAC) in the coming years, as per the forecast of the market research firm, P&S Intelligence.

This will be because of the ballooning sales transparent displays in the developing countries of APAC.  Hence, the sales of transparent displays will shoot up in the upcoming years, mainly due to their growing requirement in the advertisement, healthcare, and retail sectors and the soaring popularity of out-of-home advertisements across the world.

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

According to P&S Intelligence, the APAC network emulator market is expected to witness the fastest growth in the coming years, across the world. This will be due to the booming IT expenditure, burgeoning incidents of network security breaches, and surging penetration of 5G connectivity. At present, China has the largest 5G high-speed mobile network in the world, with the presence of 260 million 5G mobile connections. 

According to the Ministry of Industry and Information Technology (MIIT), China built around 792,000 5G base stations till February 2021.  The application type segment of the network emulator market is categorized into the internet of things (IoT), software-defined wide area network (SD-WAN), cloud, and others, including storage, satellite networks, and voice and voice over internet protocol (VoIP).

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In 2019, the SD-WAN category accounted for the largest market share, as SD-WAN architecture simplifies the operation and management of a WAN by separating the networking hardware from its control mechanism. Network emulator solution is vital to SD-WAN, as it is required to evaluate the response of SD-WANs to network impairment and comprehend how those changes affect the applications. 

Thus, the growing need for uninterrupted internet connectivity in the IT and telecommunication sector and the rising cases of security breaches will augment the adoption of network emulator solutions in the foreseeable future. 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

The application segment of the structured cabling market is classified into data center and local area network (LAN). Of these, the data center category is displaying significant growth due to the high demand for computer resources and centralized databases in these centers. Structured cabling standards define the process of fixing a connection in a series of subsystems, including network connections, which facilitates installation, maintenance, operations, and, design while setting up a data center.

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Products such as shielded-twisted-pair (STP), unshielded-twisted-pair (UTP), and foil-screened-twisted-pair (FTP) copper cables; single-mode (SM) and multi-mode (MM) fiber cables; copper patch cords, copper outlets, and copper patch panel ports; and fiber patch cords, fiber outlets, and fiber patch panel ports are used to lay structured cabling for LAN and data centers. According to P&S Intelligence, copper cables were the most widely used products in the past because of their low price and extra cost attached to fiber-cable infrastructure.

Globally, Asia-Pacific (APAC) generates the highest revenue, and it is expected to register the fastest growth in the structured cabling market. This can be attributed to the growing demand for higher bandwidth in South Korea, China, and Japan, owing to the mounting number of IT hubs in these countries. Besides, the technological advancements in the 4G and 5G technologies are creating a larger demand for higher bandwidth, which will be fulfilled by structured cabling. Moreover, the booming population and mushrooming data consumption will steer the market growth in APAC in the coming years.

Thus, the spurring demand for hassle-free IT infrastructure in various sectors and increasing requirement for higher bandwidth will augment structured cabling adoption worldwide.

It is displayed on electronic displays in various formats. It includes digital billboards, digital signages, screen technologies, light emitting diodes (LEDs), and out of home (OOH) displays. It allows advertisers to remotely change the content with the help of mobile phones, touchscreens, near field communication (NFC), and other digital channels. Depending on end user, the digital out of home market is categorized into healthcare, retail, hospitality, banking, financial services, and insurance (BFSI), entertainment, transportation, and education sectors.

Out of these, the healthcare category is predicted to dominate the market in the forthcoming years. This is credited to the fact that digital out of home advertising is increasingly being used in various healthcare applications, mainly in the form of digital signs to promote medical group practices or individual physicians, spotlighting hospital specialties, and patient and visitor way finding.

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Geographically, North America held the largest share in the digital out of home market in 2019. Moreover, this trend will continue in the upcoming years, as per the estimates of the market research firm, P&S Intelligence. This is ascribed to the rising public awareness about the various benefits of commercial displays and the rapid technological advancements being made in the region.

The market is also expected to exhibit the fastest growth in APAC in the coming years, primarily because of the rapid developments in various industries such as communication, transportation, and construction in the region. Hence, it is clear that the demand for digital out of home advertising will boom in the years to come, mainly because of the rising requirement for digital advertising platforms and channels and the greater convenience and higher public reach offered by this advertising method in comparison to the traditional one. 

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

The increasing focus of enterprises on customer satisfaction has resulted in the large-scale adoption of speech analytics solutions in these organizations. In recent times, it has become essential for businesses to provide exceptional customer service for improving their customer retention rates and expanding their customer base, as customers can choose from an ocean of brands nowadays. , .

Moreover,customers, these days, are more likely to buy products from companies that offer better quick and better solutions to product or price-related problems. Additionally, the surging requirement for adherence to compliance regulations is expected to drive the speech analytics market at a CAGR of 19.9% during the forecast period (2019–2024). According to P&S Intelligence, the market revenue stood at $1,010.4 million in 2018, and it is expected to reach $2,910.1 million by 2024.

At present, compliance rules are constantly evolving to protect customer rights, owing to which, organizations need to stay updated with regulations such as the Fair Credit Reporting Act (FCRA) and the Telephone Consumer Protection Act (TCPA). Moreover, the escalating preference for phonetic indexing is also fueling the adoption of speech analytics solutions in business operations. As compared to the conventional transcription technique, the phonetic indexing method is easier to implement and manage.

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Additionally, the latter is quicker than the former because it does not scan umpteen dictionary words. Speech analytics solutions based on phonetics convert audio conversations into a thread of phenomes and then choose only a predefined list of words. This allows the system to evaluate a greater volume of calls and achieve business insights quickly with the same number of servers. 

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

The solution category dominated the market in 2019, primarily due to the increased usage of solutions for better service and product illustrations. However, in the upcoming years, the service category is predicted to demonstrate the higher growth rate in the market. This will be because of the burgeoning requirement for implementation and integration, consulting, and maintenance services in the domain.

When technology is taken into consideration, the market is bifurcated into 3D and 2D technologies. Of these, the 3D technology category is predicted to exhibit the higher growth rate in the market in the forthcoming years. This is credited to the surging requirement for 3D illustration solutions among designers all over the world, on account of the fact that these solutions help them provide a detailed demonstration of their products.

The market is also categorized, on the basis of deployment type, into cloud and on-premises. This is because cloud deployment provides increased speed and scalability and facilitates improved management capabilities and 24X7 services. Across the globe, North America dominated the technical illustration software market during the last few years, and this trend is predicted to continue in the upcoming years as well.

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This is attributed to the soaring information technology (IT) spending, the existence of several industry players, and the early incorporation of various advanced technologies in the region. Therefore, the market is certain to boom in the coming years, because of the growing requirement for the technical illustration software among designers and various businesses, on account of its ability to provide a detailed demonstration of a service or a product. 

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