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Why will North American 5G Network Slicing Market Prosper in Future?

These solutions reduce the operational expenditure, increase capital expenditure (CAPEX) efficiency, and boost the operational efficiency and also assist carriers in implementing network slice lifecycle management in 5G preparation. Depending on offering, the 5G network slicing market is divided into service and solution. Between these, the service category is expected to demonstrate the faster growth in the market in the coming years.

This is ascribed to the soaring requirement for professional services such as integration, security, and consulting for network management in order to comply with the government regulations. When application is taken into consideration, the market is categorized into asset management, remote monitoring, supply chain management, network monitoring, and real-time streaming. Out of these, the remote monitoring category contributed the highest revenue to the market in 2019, as per the observations of P&S Intelligence, a market research company based in India.

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Geographically, North America dominated the 5G network slicing market in 2019, and this trend will continue in the coming years as well. This is ascribed to the growing 5G penetration in the region. According to the GSMA Intelligence, 5G technology will account for 46% of the total connections in the region by the end of 2025. Moreover, the surging information technology (IT) spending and the existence of several industry players are also fueling the market expansion in this region. 

Hence, it can be said with surety that the market will boom in the forthcoming years, primarily because of the increasing usage of smartphones and mobile data traffic, surging adoption of the 5G technology, and soaring demand for high-speed network all over the world. 

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Falling Prices of Display Screens Fueling Interactive Display Sales

With the falling prices of display screens, the usage of interactive display products such as monitors, kiosks, and whiteboards is soaring across the world. Moreover, the declining costs of touch-screen panels and light-emitting diode (LED) displays are positively impacting the sales of interactive displays. As per many estimates, the prices of LED displays will fall by 20% during 2019–2024.

Increasing the size of the panel and adopting upgraded resolutions including 8K, 4K, and full high definition (FHD) will improve the performance of the display and provide a much-improved view. Additionally, the mushrooming usage of interactive displays in retail stores, schools, museums, hotels, conference centers, and sports events is fueling their worldwide demand. These displays improve the ease of access and the turnaround time, thereby making work easier and resulting in huge cost and resource savings.

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Hence, many businesses are increasingly adopting interactive displays for displaying information about their offerings. Besides, the ballooning adoption of the flexible LED technology, on account of its various advantages such as the ability to provide high-resolution and better picture quality, is also driving the demand for interactive displays.

Furthermore, this technology captures picture motion in several areas and configurations from a plethora of gadgets such as cameras, link boxes, or personal computers (PCs). Flexible LED displays are less thicker than the conventionally used liquid crystal displays (LCDs) and thus, provide better aesthetics. Due to this factor, the usage of these displays is surging in various sectors such as transportation, retail, and hospitality & healthcare, thereby fueling their manufacturing 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
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Rising Number of Data Breaches Driving Cyber Security Market Growth

A number of factors, such as the increasing number of cyber threats, surging penetration of smartphones and the internet, rapid growth in digitization, rising adoption of cloud computing, stringent government regulations for data privacy and the increasing requirement to safeguard customers’ confidential data, as a result, are expected to drive the growth of the cyber security market at a CAGR of 12.6% during the forecast period (2020–2030).

According to P&S Intelligence, the market generated $119.9 billion revenue in 2019, and it is expected to reach $433.6 billion by 2030. One of the prime factors driving the cyber security market is the increasing number of data breaches. The major reasons behind these incidents include weak passwords, improper configurations, complex access permissions, and malware attacks.

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Moreover, the number is increasing due to the surging focus of companies on shifting their database to cloud networks. Hence, the need for cyberattack prevention in the current business landscape is surging. Cybersecurity solutions can prevent data breaches as they avert unauthorized access and examine and recognize cyber threats and vulnerabilities at an early stage.

Another key factor driving the demand for cybersecurity solutions is the surging adoption of mobile devices. Devices with advanced features, such as laptops, personal computers, and smartphones, are being bought at a large scale as they offer access to the internet, emails, and several other applications. Smartphone penetration across the globe stood at around 65% in 2019, and it is projected to reach nearly 80% in 2025.

However, security solutions like firewalls are not updated on a regular basis on these devices, which makes them vulnerable to cyberattacks. 

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Metering Pump Market To Generate $6.8 Billion Revenue by 2030

Growth drivers such as the increasing usage of metering pumps in the oil and gas sector and rising government regulations regarding water treatment are expected to propel the metering pump market at a CAGR of 3.9% during the forecast period (2020–2030). The market was valued at $4.4 billion in 2019, and it is projected to reach a revenue of $6.8 billion by 2030.

Moreover, the expanding chemical industry will also drive the growth of this market in the foreseeable future. The surging use of metering pumps in the oil and gas sector in the extraction of natural gas and oil and the dosing of corrosion inhibitors in midstream processes will drive the metering pump market growth in the coming years.

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The increasing production of crude oil in Iraq, the U.S., Russia, and Saudi Arabia will drive the demand for metering pumps in the foreseeable future. For instance, according to the U.S. Energy Information Administration (EIA), in 2019, the country had 367 million barrels of proved crude oil reserves. Moreover, the rising government regulations regarding water treatment will also fuel the metering pump market growth during the forecast period.

Metering pumps are utilized in water treatment plants to feed chemical additives to the contaminated water, to remove slurry, pollutants, and harmful microorganisms from it. For example, in 2018, the U.S. government amended the Water Infrastructure Act (AWIA). This act authorizes the Environmental Protection Agency (EPA) to decide minimum requirements for protecting drinking water from pollution and makes it mandatory for all surface water system owners or operators to adhere to health-related needs. 

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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How Is Optimum Asset Utilization Demand Steering Enterprise Asset Management Market?

The offering segment of the enterprise asset management market is bifurcated into solution and service. Of these, the service category will witness the faster growth during the forecast period owing to the surging demand for managed and professional services from enterprises for smooth operations. Service providers install monitor, and maintain the EAM solutions and train the end users to make the optimum use of them.

This further assists business owners in reducing long-term costs and streamlining their business activities. Globally, the North American enterprise asset management market generated the highest revenue during the historical period (2014–2019). This can be attributed to the growing need to adhere to the stringent regulations, presence of numerous established EAM vendors, and surging investments by public and private companies in the effective management of their assets.

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Besides, the strong emphasis on integrating EAM solutions with state-of-the-art technologies, such as computer vision, internet of things (IoT), and machine learning (ML), is fueling the demand for such solutions in the region. Furthermore, Asia-Pacific (APAC) is expected to demonstrate the fastest growth in the enterprise asset management market in the forecast years.

This will be due to the rising adoption of EAM solutions in the manufacturing, transportation, banking, and telecom sectors of the region. Large enterprises in APAC are rapidly adopting EAM solutions for the effective utilization of their assets, reduced maintenance cost, and smooth work operations. Moreover, the deployment of such solutions helps in preventing machine malfunction, as they generate alerts for predictive maintenance.

Thus, the heightening need for optimum asset utilization and mounting demand for an improved ROA will steer the demand for EAM solutions in the coming years.

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Deployment of 4G and 5G Technologies Driving Demand for RF Transceivers

In terms of design, RF transceivers are classified into single-chip and standalone-chip transceivers. Between these, the sales of the single-chip transceivers were observed to be higher in the years gone by. These transceivers consume lesser power than the standalone-chip ones and were thus, extensively used for low-voltage operations in wireless devices. Furthermore, these transceivers are increasingly being used for telemetry communication and wireless body area network (WBAN) in the healthcare industry. 

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Mobile devices, add-on cards, embedded modules, routers, and gaming and customized devices are the major application areas of RF transceivers. Out of these, the usage of RF transceivers was found to be the highest in mobile devices in the past years, primarily because of the huge sales of these devices across the world, due to the high dependence of people on wireless communication networks. Furthermore, the mobile phones industry is growing rapidly in Asia-Pacific (APAC).

India, Japan, and China are the biggest users of mobile phones in APAC. Globally, the sales of RF transceivers were the highest in the APAC region during the last few years, and this trend is predicted to continue in the coming years as well. This is credited to the mushrooming usage of wireless communication devices, the rising popularity of the IoT technology, burgeoning requirement for video streaming, and rapid digitization in the region. 

Therefore, it is clear that the demand for RF transceivers will shoot up in the coming years, primarily because of the ballooning usage of smartphones, growing adoption of advanced mobile communication technologies such as 4G and 5G, and the soaring demand for video streaming all over the world. 

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Mushrooming Consumer Electronics Demand Driving Tactile Sensor Market Growth

The spurring demand for consumer electronics, surging adoption of robotics and automation solutions in industrial and consumer electronic systems in several end-use industries, and rising technological advancements are expected to support the tactile sensor market growth. Tactile sensors refer to data acquisition devices that operate on the human haptic touch technology.

Currently, the market is fragmented in nature, with the presence of numerous players, who are increasingly focusing on product launches to expand their geographical presence. The soaring use of touchscreen panels in wearable electronic devices, tablets, smartphones, remotes, and game controllers is a prominent growth driver for the tactile sensor market. For instance, in 2019, Pressure Profile Systems Inc. created a wrist sensor to monitor wrist pressure, to map and measure the comfort of those wearing watchbands, activity trackers, and wristbands.

This sensor recognizes the areas of discomfort or high pressure and aids in improving the health of individuals. Such technological advancements in the sensor technology will also facilitate the market growth in the coming years. The type segment of the tactile sensor market is categorized into resistive sensor, force/torque-sensitive sensor, piezoresistive sensor, hydraulic sensor, axial arrays sensor, capacitive sensor, thermal sensor, optical sensor, piezoelectric sensor, and magnetic sensor.

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Among these, the capacitive sensor accounted for the largest market share in the past, and it is projected to continue this trend in the coming years. This can be primarily owed to the rising use of touch panels in the retail, automotive, healthcare, and banking, financial services, and insurance (BFSI) industries.

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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Increasing Incidence of Cyberattacks Powering Demand for Cyber Insurance

With the growing incidence of cyberattacks and data breaches, the demand for cyber insurance solutions is rising rapidly across the globe. As per several reports, due to data breaches during January 2019– April 2020, around 8 billion records including credit card number, phone numbers, home addresses, and other sensitive and confidential information were exposed.

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The increasing penetration of the internet and the rapid digitization of enterprise operations are the main factors fueling the incidence of these attacks. Thus, in order to mitigate the prevalence of these attacks, many governments are implementing policies that make the incorporation of cybersecurity measures and solutions mandatory.

Due to the above-mentioned factors, the value of the market is expected to rise from $5,573.2 million in 2019 to $70,671.9 million by 2030. The market is also predicted to exhibit a CAGR of 26.3% from 2020 to 2030. Depending on type, the market is categorized into integrated and standalone. Between these, the standalone category is predicted to dominate the market in the forthcoming years, on account of its soaring popularity around the world. 

As these regulations become more and more stringent and authorities start handing out heavy fines for data breaches, the adoption of cybersecurity solutions including cyber insurance will surge sharply. Additionally, many companies are increasingly adopting cyber insurance solutions as a risk mitigation strategy, thereby driving the expansion of the global cyber insurance market.

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