Month: September 2021

The e-signature market is expected to demonstrate a healthy CAGR of 26.6% during the forecast period (2021–2030), owing to the increasing requirement for security, supply chain enhancement, and workflow efficiency in the corporate sector; increasing government support toward e-signature adoption; and rising volume of online documentation.

Moreover, the escalating need for security solutions amidst remote working and COVID-19 pandemic environments will also help market revenue surge from $1,198.6 million in 2020 to $12,721.4 million by 2030. One of the primary growth drivers for the market is the burgeoning demand for supply chain enhancement, security, and workflow efficiency from the corporate sector, owing to the digital transformation in the sector.

The business workflow across the corporate sector is witnessing rapid digital advancements to meet the increased need for online digital authentication. Owing to this reason, enterprises across the world are swiftly adopting e-signature solutions as they offer authentication and security to online businesses. Additionally, the burgeoning need for security solutions amidst the pandemic and remote working environment is also a key contributor to the e-signature market.

In recent years, the workforce has become more distributed due to the rapid transition of workload of businesses to the cloud. Thus, to accommodate new remote business scenarios, enterprises are shifting from traditional ‘wet’ signatures and paper documents to e-signature. Moreover, the sudden growth in mobile banking transactions and cloud deployment during the ongoing COVD-19 pandemic is also augmenting the demand for multi-channel security solutions, such as e-signature.

This market research report provides a comprehensive overview of the market

• The 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 offeringspm

Factors such as the expanding gas pipeline network, flourishing automotive industry, and increasing installation of heating, ventilation, and air conditioning (HVAC) system are expected to steer the compressor market at a CAGR of 3.1% during the forecast period (2020–2030). According to P&S Intelligence, the market was valued at $39.9 billion in 2019 and it is projected to reach $48.5 billion revenue by 2030.

Moreover, the market is witnessing a trend of increasing preference for variable-frequency drives (VFDs) over gas turbines, owing to improved productivity, reduced noise, and accurate speed and process control exhibited by them. The rising installation of HVAC equipment, on account of the increasing construction of commercial and residential buildings and the mounting number of smart homes, is one of the major growth drivers for the market.

Additionally, the soaring global temperature, on account of the excessive burning of fossil fuels and extensive use of chlorofluorocarbon (CFC), will also boost the demand for HVAC systems worldwide. Besides, the expanding automobile sector, owing to the growing disposable income of people, escalating demand for electric cars, and increasing technological innovations, is also expected to contribute to the compressor market growth.

For instance, the International Energy Agency (IEA) estimated that 2.3 million electric cars were sold across the world in 2020. Furthermore, as per the IEA, the global stock of battery electric vehicle (BEV) cars will reach 79,975,992 units by 2030. Automakers use compressors for engine construction, tire inflation, car painting, and air conditioning systems. Moreover, the rapid development of energy-efficient HVAC systems is also creating a huge demand for compressors. 

This market research report provides a comprehensive overview of the market

• The 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 emergence of e-cigarette retail websites is driving the sales of e-cigarettes in South Africa. Moreover, with the rising penetration of the internet and the mushrooming usage of smartphones, many e-cigarette producing companies are increasingly focusing on marketing their products via online channels and promoting them via social media. Vape Africa, eCiggies Online Store, and VapeShop are some of the major online suppliers of e-cigarettes in the country.

Besides, the declining use of conventional cigarettes, rising public awareness about the negative health effects of tobacco smoking, and greater convenience and safety provided by e-cigarettes are also fueling their sales in South Africa. According to various reports, in 2018, 34.5% of all women and 48.0% of all men in the country smoked tobacco.

According to the estimates of the market research company, P&S Intelligence, the revenue of the South African e-cigarette market will rise from $20.7 million in 2018 to $62.0 million by 2024. Furthermore, the market is predicted to demonstrate a CAGR of 18.6% from 2019 to 2024. Furthermore, many reports stated that nearly 42,500 citizens lose their lives because of the diseases caused due to tobacco smoking every year in the country.

Cancer caused because of smoking is one of the primary factors responsible for deaths in the country. As e-cigarettes prevent the consumption of over 4,000 chemicals, that usually exist in tobacco smoke, their rising consumption is playing a major role in reducing the prevalence of tobacco-related deaths in the country.

In addition, the implementation of various policies by the government, such as the surge in taxes and stricter regulatory control, is also propelling the sales of e-cigarettes in the country. Owing to the aforementioned factors, the popularity of e-cigarettes is soaring in South Africa, which is fueling the expansion of the South African e-cigarette market.

Smart water, gas, and electricity meters facilitate a bidirectional flow of information, owing to which they are being increasingly deployed on the premises of end users. These meters use a local area network (LAN) to gather data regarding the utility consumption of all appliances at frequent intervals. The information collected from individual smart meters is accumulated by local data aggregators, using neighborhood area networks (NANs).

The data collected during this phase is then transmitted to the utility center through a wide area network (WAN). On the other hand, the utilities can send commands, information, or other signals to the meter installed at the end user’s premises and even remotely connect or disconnect the resource supply. This feature will help the smart meters market grow at a CAGR of 4.9% during the forecast period (2020–2030).

Additionally, a surging number of government policies supporting their installation will help their sales value grow from $13.1 billion in 2019 to $20.0 billion in 2030. For example, in February 2020, the government of India completed the installation of 1 million of these under its Smart Meter National Programme.

In the recent past, electricity meters were installed in the highest numbers due to the soaring support of government and global bodies for their installation for energy conservation, fraud detection, and peak consumption knowledge. Apart from these, governments are encouraging the adoption of such measuring devices for accurate billing. All such smart meters are based on either the automatic meter reading (AMR) or the advanced metering infrastructure (AMI) technology.

This market research report provides a comprehensive overview of the market

• The 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 burgeoning requirement for ready-to-eat food products is propelling the worldwide demand for commercial refrigeration equipment. Due to their surging disposable income and increasing popularity of the Western lifestyle, the middle-class populace, particularly in the Eastern countries, is increasingly consuming ready-to-eat food products.

These changes in the food consumption habits of people are fueling the development of several hypermarkets, restaurant and food chains, and supermarkets across the world. Moreover, in order to cater to the rising customer demand for ready-to-eat foods, even unorganized restaurants and small grocery stores are improving their infrastructure and using large refrigeration systems, thereby propelling the advancement of the global commercial refrigeration equipment market.

Besides, the surge in the organized food retail sector is also expected to fuel the industry at a CAGR of 3.0% from 2020 to 2030 (forecast period). This sector is expanding rapidly in Brazil, India, and China, because of the rapid urbanization in these countries. For example, the urban population in China is predicted to rise from 782 million in 2016 to nearly 1.4 billion by 2025.

Likewise, the population of urban people in India is predicted to grow from 438 million in 2016 to nearly 1.4 billion by 2023-end. The surge in the urban population in these countries is predicted to propel the deployment of commercial refrigeration equipment in hypermarkets, mid-sized grocery stores, tier I and tier II restaurants, and food processing facilities.

Therefore, the sales of commercial refrigeration equipment are certain to rise in the coming years, primarily because of the mushrooming number of restaurants and fast-food joints and the increasing demand for ready-to-eat and frozen foods all over the world. This market research report provides a comprehensive overview of the market

• The 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

Augmented reality (AR) and virtual reality (VR) technologies are making their way into the masses through smartphones and tablet computers. Therefore, owing to the increasing tablet and smartphone penetration, AR and VR technology providers are tapping on the resourcefulness of these media to launch their products through numerous mobile application stores.

Furthermore, leading technology-providing companies are introducing their AR and VR hardware for their existing and potential customers. Additionally, the plunging cost of these solutions owing to the constant technological advancements in the software and hardware will help the AR and VR market progress at a robust CAGR of 42.9% during 2020–2030. According to P&S Intelligence, the market revenue will rise from $37.0 billion in 2019 to $1,274.4 billion by 2030.

For example, technological advances in the field of optics are facilitating the development of flexible, affordable, and compact displays for headsets and smart glasses. These technologies are deployed via AR-enabled handheld devices, head -up displays (HUDs), and head-mounted displays and VR-based head-mounted displays (HMDs), projector and display walls, and gesture-tracking devices.

At present, Wikitude GmbH, Microsoft Corporation, Facebook Technologies LLC, Samsung Electronics Co. Ltd., Himax Technologies Inc., EON Reality Inc., PTC Inc., Sony Corporation, HTC Corporation, Seiko Epson Corporation, Alphabet Inc., Qualcomm Incorporated, Magic Leap Inc., and Vuzix Corporation are offering the marker-based AR, marker-less AR, non-immersive VR, and semi-and fully immersive VR technologies.

This market research report provides a comprehensive overview of the market

• The 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

One of the prime factors aiding the market growth is the increasing demand for 5G RF transceivers from the growing telecom sector. The surging launches of 5G services in the U.S., the U.K., China, and South Korea are driving the installation of such devices in base stations and telecom exchanges. For instance, since the launch of such networks in 2019, over 86,000 base stations have been set up in 50 Chinese cities, thereby increasing the need for these transceivers.

Similarly, Ericsson installed base stations in March 2020 in the U.S., to accelerate 5G deployment. Moreover, the 5G RF transceiver market is classified into mobile devices, base stations, embedded modules, radar systems, and others, based on application. Of these, the base stations category accounted for the largest share in the market in 2019, as advanced RF front end (RFFE) design is essential to support the 5G network.

Additionally, the RFFE design of advanced smartphones is complex due to the advanced long-term evolution-unlicensed (LTE-U) capabilities, complex antenna architecture, expanded carrier aggregation, and higher-order modulation. Thus, in base stations, 5G RF transceivers are being installed to support higher-frequency bands and higher broadband speeds. Globally, the 5G RF transceiver market in the Asia-Pacific (APAC) region is the largest.

This is ascribed to the growing consumer electronics industry, increasing adoption of wireless communication devices such as smartphones, surging internet penetration, rapid digitization, emergence of advanced technologies such as IoT, and rising demand for video streaming. Apart from these, such devices are also being incorporated in building security, smart farming, home automation, commercial satellite imaging, and smart utility applications; and the presence of key market players in the region.

Thus, the surging launches of 5G services and the rising number of smartphone users across the globe are expected to propel the market growth during the forecast period.